I was also old player in crypto and experienced a big drop in 2017. i was holding 80% of my total whealth in crypto (i was in college back then) and my portofolio dropped till almost zero. There are a lot of experience that i learned from those market crash and right now when the market down again, i'm not panicking anymore, i keep buying coins that is fundamentally good for me and wait the time to take profits maybe in years ahead.
our experience give us mentality , traders who pass 2017 crash will stay cool and not be panic by selling all assets in bottom. we know how to face this bearish trend no matter our assets at this moment decrease alot. Personally i am still hold assets with more initial value $5k and now its drop. I am long term investors which is developtment be my main reason to hold. in few years i am sure it will give me huge profits like i hold bnb eth in few years ago. 
Topic: why some are still loosing money in crypto - page 14. (Read 2701 times)
- You follow a persons advice through his social account post example is Elon musk
- You still believe that a certain coin will come back from the dead even though you already knew its a scam
Well I think aside from lack of knowledge, greed is the common reason why some of us are losing their money. I bet on the last bullrun many of us missed the chance to take profit already because of the thought that the price can reach a much higher value.
if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
- You follow a persons advice through his social account post example is Elon musk
- You still believe that a certain coin will come back from the dead even though you already knew its a scam
- you just follow your instinct and never make single research
- emotions still control you to decided
Good advice, almost all of the above mistakes I did, know if the project is a scam and ponzi system but I still do it until now, I still remember the 2017 invest ICO which featured a public figure and made me lose around $1500, until now I was controlled by instinct and never do detailed research. from now on i will be selective.
I was also old player in crypto and experienced a big drop in 2017. i was holding 80% of my total whealth in crypto (i was in college back then) and my portofolio dropped till almost zero. There are a lot of experience that i learned from those market crash and right now when the market down again, i'm not panicking anymore, i keep buying coins that is fundamentally good for me and wait the time to take profits maybe in years ahead.
People face losses in crypto for some reasons
1. After buying the token, if he impatiently sells it without holding it.
2. If someone believes in fake news without verifying yourself and invests in a token like a blind man.
3. if anyone go to on future trade and use high Leverage for trading
There are some mistakes like this that are more likely to be loss
1. After buying the token, if he impatiently sells it without holding it.
2. If someone believes in fake news without verifying yourself and invests in a token like a blind man.
3. if anyone go to on future trade and use high Leverage for trading
There are some mistakes like this that are more likely to be loss
In the cryptocurrency market, that is, the financial market, its participants cannot only make a profit. This market does not produce material goods, it only redistributes them. This means that if someone makes a profit on it, someone else must suffer a loss. Therefore, there will always be profits and losses.
those who lose usually never feel the state from bear to bull. they gave up halfway, and complained that crypto was a bad investment. they seem to forget the concept of time. impatient to wait and just listen to other people's words without wanting to make decisions on their own. think unlucky and have no second chances, and end up selling when the price drops, then walk away from the crypto market. if they are willing to be patient, I'm sure they won't be the losers. actually the key to investing in crypto is easy, namely HODL. no need to be an expert, just buy and wait.
Quite sad to heard about those people had losing of lost (value usd) on investing of money to the crypto, They just heard and see about people had luck and crypto could earn some money while they're sleeping or sit front of computer without any formal suits.
They are just jump into trap bad project or bad coins/tokens, or may they are understand about all those "disclaimer written of whitepaper" They just heard by Influencer.. some like... Elon.
Unfortunately they think about it's are easy money to earn thought the project, without re-search about project or utility.
They are just jump into trap bad project or bad coins/tokens, or may they are understand about all those "disclaimer written of whitepaper" They just heard by Influencer.. some like... Elon.
Unfortunately they think about it's are easy money to earn thought the project, without re-search about project or utility.
It could be that it still happens because when playing in the market you don't prioritize it carefully. That is, reading the opportunities that will occur less attention. I think, no matter how good a person is in determining the price of a coin, it will have no impact if we analyze it carefully.
so if there are people who feel crypto is a disaster then he is one of the people who are cursed by crypto because they don't want to learn from their mistakes.
i'd not call them cursed. either they are unlucky, didn't learn from their mistakes, or both, and so on. tbh one thing i realize is that most people can't distinguish between optimism and copium, so they can't capitalize on opportunities. it will always take some time to learn and get the feeling of it, so that's that.Yes, cursed is a strong word. Unlucky is preferable. However, I've been in crypto since 2016 and am constantly learning. I make a lot of mistakes due to emotions and rushing to conclusions, such as jumping to hype. Well, despite the fact that I have been in this field for a few years, I am still unable to adapt. However, I am progressively accumulating knowledge. What's more, if you make mistakes, you can learn from them. Life in crypto is difficult if you don't know what you're doing, but if you're willing to take risks and accept the chance of losing money, you can gain knowledge and improve in the long term.
if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
I want to Highlight just one important point in this case. Most of us tend to forget that we all CANNOT make profits in this cryptocurrency market at the same time. Is it really possible for everyone to buy at a lower price and sell at a Higher price to Make Profits? I guess not. Someone has to fill that your sell order at that high price for you to make your profits and they eventually turn out to be the supposed investors that have lost money depending on how the market goes and they ended up cutting their loss. So at every point in the market, this will always happen and there will always be gainers and losers regardless. - You follow a persons advice through his social account post example is Elon musk
- You still believe that a certain coin will come back from the dead even though you already knew its a scam
- you just follow your instinct and never make single research
- emotions still control you to decided
Because there are investors who believe the word HODL when infact selling at ATH is the right thing to do and I'm not just saying this for altcoin investors. Bitcoin investors should also be doing it before the correction come.
Unfortunate to see that even I myself have not learned in the past. We ought to be a trader at the same time and nit just an investor that HODLs.
The process of doing something and getting recognized by someone is really cool. But part of us only recognizes the result and does not look at the process to create it, which is the reason for many problems such as greed and loss of psychological control. And sometimes I see people who are really stubborn and stupid, in any field, if you want to make money from it, you must understand it.
You follow a persons advice through his social account post example is Elon musk
Elon tweets are not advice. Not financial advice. His followers consider his tweets as financial advice and gamble then lost.If they do the same with tweets from other big influential people, they will end in the same way, loses.
Quote
You still believe that a certain coin will come back from the dead even though you already knew its a scam
Bull market brings good time for dead projects to come back. Their incapable developers or scammers can try to release some funny upgrades, as ways to join a new trend, and sell at tops. Exit again and those coins will be dead one more time.Quote
- you just follow your instinct and never make single research
- emotions still control you to decided
so if there are people who feel crypto is a disaster then he is one of the people who are cursed by crypto because they don't want to learn from their mistakes.
i'd not call them cursed. either they are unlucky, didn't learn from their mistakes, or both, and so on. tbh one thing i realize is that most people can't distinguish between optimism and copium, so they can't capitalize on opportunities. it will always take some time to learn and get the feeling of it, so that's that.
This is happening primarily because people do not make research. They do not study things before they decide on them. They do not Google, much less read, before they invest in a particular project or coin. It is enough for them that a certain coin is hyped on social media. It is enough for them to release money to buy an already pumping shitcoin only because a clueless yet famous wealthy personality is mentioning it randomly.
This has become a curse for those who never take lessons from what has happened in the past.
after all, crypto has produced many millionaires, so if there are people who feel crypto is a disaster then he is one of the people who are cursed by crypto because they don't want to learn from their mistakes.
after all, crypto has produced many millionaires, so if there are people who feel crypto is a disaster then he is one of the people who are cursed by crypto because they don't want to learn from their mistakes.
if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
- You follow a persons advice through his social account post example is Elon musk
- You still believe that a certain coin will come back from the dead even though you already knew its a scam
- you just follow your instinct and never make single research
- emotions still control you to decided
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