why some are still loosing money in crypto - page 3.

CaptainCrapper

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Quote from: akirasendo17 on July 12, 2021, 08:38:16 PM

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 change your view regarding the market and this is 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

mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes some things are associated with luck but don't just depend on it.

I think the full market is dependent on the big trader who is wanted pump any token then this token pump or dump. so we have to wait for a green signal for any good trade.

flyeers309

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Things like this have been like being a very common thing in Crypto even people who lose hundreds of thousands dollars can repeat the same mistakes many times because they are controled by their ego. Sometimes we all often forget that all things need a process like we invest must research very deeply and if we want buy / sell we need technical analysis so we are not make fatal mistakes.There’s many smart people but can't control their emotions and they are still controlled by their ego.From here finally many people make the same mistakes repeatedly

MIner1448

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I want to say that even experienced traders can also lose their money on the stock exchange, because any trading on the market is risky, the market is also changing and unpredictable, I know many people who successfully trade on the stock exchange and feel good in life financially component, but they also lose like all my money at one rate or another.

juliepower

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I think the main reason and most of the newbies who just invested in bitcoin because they saw the others who made a vast amount of profit .I think most of the newbies Or investors don’t have proper knowledge of how cryptocurrency works. They are just eying on the profit that their close one made or the price increase of different cryptocurrencies.
Lack of knowledge, in greedy plans, no strategy, no plans, most important lack of patience, and many more these are the some points why some are still loosing money in crypto.
So before invest money in crypto take knowledge, be patience, don't sell coins in urgently or also purchase, be socially active, don't panic 🙂

Ekyfitri

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Quote from: gustavroy on August 03, 2021, 07:09:19 AM

you are so right and hsppy to see this kind of topics. Emotions are key role in investments. I am here since 2017 and still losing tons of money. Key role is learning from the mistakes but emotions can block it as well

you've been in the crypto market that long but you still lose your money in crypto because of your emotions? I think you must already have a lot of experience, why not learn from it all?
love your money, study well and invest wisely. you to enjoy the trends that exist in the market. it makes everyone lose control of the investment planning that is done.

Tegxy

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Quote from: akirasendo17 on July 12, 2021, 08:38:16 PM

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

mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.

Yes, you are correct when it comes to holding coins but in my opinion, losses in the crypto space goes beyond that particular activity, Infact there are numerous reasons. One I would like to be particular about is failing to participate in income generating activities. For instance, while A is growing his/her investment by participating in passive income generating activities such as staking, farming, gaming, mining and so much more at Seascape Network, B is simply looking at buying a coin and hodl. You can tell at a glance who is prone to making losses. To mitigate losses, I believe harnessing profit generating activities is a good move. Not doing so and concentrating on just hodl is quite risky in comparison.

gustavroy

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you are so right and hsppy to see this kind of topics. Emotions are key role in investments. I am here since 2017 and still losing tons of money. Key role is learning from the mistakes but emotions can block it as well

Chato1977

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because many of them are still stupid enough to believe bitcoins capacity to make them profiting if they will only trust the coin .

if they will buy and buy and never stop buying then the manipulator will have no chance to dump the market.

Quote from: ?? on ??

maybe but more to speculation because the market will not always be the same and your speculation or research is not always right even if you use logic, the market can go up and down very quickly and in their own way, if you look at 2017 as the last bull run to happen and assuming every 4 years as the next bullrun should this year be the next bullrun after 2017.

But if you know how to hold then you must be in the best position to make income maybe not in that same day but in the future.

monineklutak

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Quote from: Dedewahyu on August 03, 2021, 05:23:09 AM

Everything you wrote is true, someone will lose a lot of money when investing based on FOMO or following from others, not based on their own analysis results. but by losing money in the crypto world is a great lesson, you can see and be more open minded about the crypto world and price movements.

But the problem is when someone loses money and he doesn't learn from the mistake and comes back again,
it's really bad and indeed in analyzing it is not an easy thing but if we keep learning and trying we can definitely do it,
the most important thing is not to follow what other people say because it is not necessarily what we want

Dedewahyu

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Everything you wrote is true, someone will lose a lot of money when investing based on FOMO or following from others, not based on their own analysis results. but by losing money in the crypto world is a great lesson, you can see and be more open minded about the crypto world and price movements.

asriloni

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Quote from: ?? on ??

Some people will not make research about a project, they will just invest without researching, this make many people to lose, there are good coins but it is good to research before buying any coin. Some people have the knowledge but they like new projects too much, they can suffer from to lose because the shit coins are too much on their hand.

That's true, too much people actually invest to a project without even researching and even get fomod by people.
if you see most of meme coins also get too carried away by the prospect of multiplying their money easily although we can know that
these people who could multiply their money so much are actually people who know the coins even before other people.
that means they are the people who are close to the dev, not anyone could make money easily like that.

Malam90

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Quote from: Slash61 on July 18, 2021, 07:49:39 AM

Quote from: Malam90 on July 18, 2021, 07:40:43 AM

I have faced huge losses after 2017 collapse and taken lesson not to invest in shitcoins. Then i follow others as OP have advised not to follow others in investment. Now i am more conscious in investment. I invest only coins and tokens that have solid foundations and strong team, already famous in crypto world like top coins. It ensures me little profits comparing to shitcoins but shitcoin once vanishes it losses whole capital.

The worst market crash was actually in 2018. but if you say 2017 momentum I believe you should be in the best market at that time.

but with your own experience, you should not fall into the same mistake.
my advice, manage your psychology well. it's not just for making decisions. This helps us not to be bothered by photos or offers on social media that are currently crazy. There are many impromptu meme project promoters on social media. it's very annoying.

This is not psychological problem.

If you faced more than $10k losses after few months of entrance into the crytpo market by investing in few shitcoins that about to die (CYFM, MFTU, BTCA, PLAYKEY tokens), you can understand the situation. 3 years passed already and i am now a trader but very conscious about shitcoins. Right, same mistakes can't be done again.

Bagong91

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Quote from: akirasendo17 on July 12, 2021, 08:38:16 PM

~snip

maybe this happened to me personally in 2018 when I held one of the coins and I was sure I would pump through new ATH but things didn't go according to my prediction and finally the coin was dumped and I lost some % of my money, and this is the worst lesson I've experienced, Hopefully this will be a lesson for me this year and next year

goolesby

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Investing in cryptocurrency based on speculation is a mistake. Many beginners just want to make a profit without thinking about the future prospects of the coin being purchased or what factors are actually driving the price of the coin higher. The cryptocurrency market is volatile so it is quite difficult to predict future price movements. Certain phenomena such as Elon Musk's statement can change the price of cryptocurrencies in the market. To avoid this mistake, you must be able to read and understand the current situation in the cryptocurrency market. Including, current economic and political situations that may affect the cryptocurrency market.

anandaijun

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Those who only follow personal instincts without trying to combine some analysis from other people who are more knowledgeable about crypto, then for me, this type of person is not worthy of being called an investor.
If there are people like that you mean, in my opinion, very few of them here.

KaliLinux

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Quote from: domoy77 on August 02, 2021, 11:41:27 AM

Quote from: Galley on August 02, 2021, 09:06:49 AM

People lose money because the same people, like them, find the money somewhere. Nothing comes from nothing. If it has disappeared somewhere, it means that it has arrived somewhere. This is the law of nature, and no one can cancel it.

I don't understand what you mean by this phrase, it's more verbose and unclear, can you describe it in clearer words about losing money, because generally people who have lost money will not easily trust others

I believe that he was basically trying to explain that the losses of some people are gains for others which is practically right. This is part of the market as we know, we can all not make profits and I believe some of us have mentioned this before. However, I do agree that losses even though are unavoidable in the market are mostly due to Fomo and lack of knowledge of the projects being invested in and the market situation by the investor.

fuguebtc

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Most of the people who lost money this time are probably newbies. They lack knowledge, are impatient and decide not to think. Greedy thinking that it is easy to become a dollar millionaire in the market in a short time without having to do much.

bastian466

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Quote from: rina aulia on August 02, 2021, 01:39:09 PM

Quote from: bastian466 on August 02, 2021, 01:28:00 PM

Surely people who have been around for a long time especially from 2017 must have understood very well how crypto price movements in the market from year to year. They have many experiences between bitter and sweet which can make experience as the greatest teacher that can lead them to success. try to be a long term holder so you can control your emotions

We can conclude from the greatest teacher to keep holding crypto in any condition except for urgent need, the crypto market has repeatedly hit recent prices in the annual crypto journey and we hope to see new ATH again by the end of the year.

The hope can be realized, so the cypto loss is made by us if we decide to sell when the price is below the purchase price because of panic seeing the price go down in such a state our emotions are tested for patience, don't let regret grow after taking the wrong step

rina aulia

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Quote from: bastian466 on August 02, 2021, 01:28:00 PM

Surely people who have been around for a long time especially from 2017 must have understood very well how crypto price movements in the market from year to year. They have many experiences between bitter and sweet which can make experience as the greatest teacher that can lead them to success. try to be a long term holder so you can control your emotions

We can conclude from the greatest teacher to keep holding crypto in any condition except for urgent need, the crypto market has repeatedly hit recent prices in the annual crypto journey and we hope to see new ATH again by the end of the year.

bastian466

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Activity: 1372

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PredX - AI-Powered Prediction Market

Surely people who have been around for a long time especially from 2017 must have understood very well how crypto price movements in the market from year to year. They have many experiences between bitter and sweet which can make experience as the greatest teacher that can lead them to success. try to be a long term holder so you can control your emotions

Topic: why some are still loosing money in crypto - page 3. (Read 2718 times)