Some people are still losing money on crypto due to various reason and I think most of those reasons are,
GREED= they tend to invest in everything they see or hear whenever they see a crypto suddenly flying high.
Lack of Knowledge = Because of their greed they couldn't think clearly and wouldn't do some research because of it and would invest without thinking about the risk and doesn't have back up plans.
Lack of Common Sense or Experience = Still falling into scams and obvious phishing site(Mostly airdrops and fake wallet).
Topic: why some are still loosing money in crypto - page 4. (Read 2701 times)
many people are too rash and complacent with the best achievements that have been obtained without continuing to learn and correct every mistake they experience, in my opinion emotions really need to be controlled and continue to look for the right source of information, so as not to be careless and cause losses at any time.
Yes, still many are losing money in crypto because they don't research themselves and follow just influencer's tweets. They make decisions without thinking, If the price go a little down they sell their tokens in panic, and similarly, If the price keeps going up they buy in FOMO. They have no patience.
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
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 usually beginer in crypto market did it, they come didnt because their knowledge about crypto community but they want to earn huge profits due looking their friend be rich man in short periode. without proper knowledge they invest their money in any projects and trapped in shit projects like meme coin
This is the worst case scenario as a newbie or beginner in crypto because some of them become envy on pioneers profit and wanted the same profit without considering the probability of losing in taking a high risks. Some also just don't research the coin/token or the project that they invested and just go with the flow or go with the hype and become panic whenever seeing the price dropping. They tend to believe that getting rich through cryptocurrency is an easy process, they tend to believe that here in crypto the money is easy to earn.
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money...
usually beginer in crypto market did it, they come didnt because their knowledge about crypto community but they want to earn huge profits due looking their friend be rich man in short periode. without proper knowledge they invest their money in any projects and trapped in shit projects like meme coin
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.
The main thing is panic. They see the market dumping they sell their assets without seeing their losses. They got panic. The other thing that you have mentioned which is People like Elon musk do shilling of their favorite coins and people but that coins without thinking. I hope now Elon Musk will not manipulate crypto market.
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money...new people in the crypto market with no learning and no experience, of course, it will be very easy to lose their money in trading and investing.
this is very difficult to explain to new people who don't open their minds to something more complicated learning. because what they think is big profits quickly.
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
they lose money because they follow ambitions or emotions without following the development of the altcoin they want to buy so the predictions they make are totally wrong, and make them lose assets. we should be able to control our emotions before buying an altcoin so we want to learn about the developments that exist in the altcoin so that it can make it a big profit.
The main thing is panic. They see the market dumping they sell their assets without seeing their losses. They got panic. The other thing that you have mentioned which is People like Elon musk do shilling of their favorite coins and people but that coins without thinking. I hope now Elon Musk will not manipulate crypto market.
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money...new people in the crypto market with no learning and no experience, of course, it will be very easy to lose their money in trading and investing.
this is very difficult to explain to new people who don't open their minds to something more complicated learning. because what they think is big profits quickly.
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Things are never that simple if they were no one will ever lose money but the evidence shows otherwise so this cannot be correct, if you bought a good coin then your advice makes sense, even if you bought at a bad price as long as you held your coins then you're going to eventually be in profit, which is what happened to the minority of people that bought at the end of 2017 and still hold their coins to this day, but if you bought an altcoin that was unknown because you wanted to get a lot of profits then it is likely that if you have held that coin for that long you will still have massive losses as that coin simply disappeared or turned into a scam.Then its a personal choice but we do all prefer on seeing profits on a short time basis and not all would really be having this kind of patience on waiting up for too long or for years.
This is why they do rush out on making decisions and ending up on losing money due to bad decision which is very common.
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,
It's not just about not learning from previous mistakes, but about the strategy used as well, because it's really hard to predict a good coin, especially a coin that still has a small market cap.Many people prefer coins that have a small market cap because they have a great potential for their price to rise higher.
and I think this is reasonable, because sometimes coins that have large market cap move slowly in price, for example TRON or ONT, ,
So, instead of spending time on slow moving coins, it's better to look for coins that have a small market cap but have good technology and big potential,
it's just that it's very difficult to find coins like this , , even though i have learned from previous mistakes , ,
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Things are never that simple if they were no one will ever lose money but the evidence shows otherwise so this cannot be correct, if you bought a good coin then your advice makes sense, even if you bought at a bad price as long as you held your coins then you're going to eventually be in profit, which is what happened to the minority of people that bought at the end of 2017 and still hold their coins to this day, but if you bought an altcoin that was unknown because you wanted to get a lot of profits then it is likely that if you have held that coin for that long you will still have massive losses as that coin simply disappeared or turned into a scam.It is only natural for a beginner to lose. That is part of the process of learning. When we want to try something new to learn, we explore it, and sometimes we can't avoid making mistakes. Even now I still make mistakes, because my excitement to enter the new emerging platforms and innovations in this technology is more dominant. Ultimately, the importance is still that we have gained knowledge that can be used on subsequent on our journey here in cryptoverse.
The process of learning is hard but it will be worth to keep doing the trades in different ways after having a proper trading experience. The important part is to learn from the mistakes of other traders, they don't do meaningless trades if there is no buying or selling opportunity but these guys are not 100$ bulletproof all the time. Better to keep learning and improving the chances of catching trends rather than keep losing to the experience market professional traders. 
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Things are never that simple if they were no one will ever lose money but the evidence shows otherwise so this cannot be correct, if you bought a good coin then your advice makes sense, even if you bought at a bad price as long as you held your coins then you're going to eventually be in profit, which is what happened to the minority of people that bought at the end of 2017 and still hold their coins to this day, but if you bought an altcoin that was unknown because you wanted to get a lot of profits then it is likely that if you have held that coin for that long you will still have massive losses as that coin simply disappeared or turned into a scam.
Information is the major key to success when it comes to making it big in Crypto Market. What you don't know you shouldn't even try dare go into it, because if you make that mistake. It's going to cost you a lot. Everything has the beginners stage, and Crypto is never an exemption. Sometimes, you gain and you loose. But what makes you pro is when you study what made you to ran into losses. And come back strong to develop a strong strategies to go back into the market. You are right about what you said about, believing a dead project can still come back when you know it was an obvious scam. This has happened to me countless of time, but I have to grow and move on.
Knowledge is the main thing.
Knowledge is the main thing.
It is only natural for a beginner to lose. That is part of the process of learning. When we want to try something new to learn, we explore it, and sometimes we can't avoid making mistakes. Even now I still make mistakes, because my excitement to enter the new emerging platforms and innovations in this technology is more dominant. Ultimately, the importance is still that we have gained knowledge that can be used on subsequent on our journey here in cryptoverse.
I think we've all been newbies at some point and we probably also made some bad investment decision based on insufficient understanding and knowledge. That's just kind of normal. The important thing to consider though is that you don't go too big in the very early days when you enter the crypto space. That is deadly for newbie investors.
experience from trading gives us new knowledge and skills.
each asset we trade has a different market character. and we can certainly see and create a trading strategy for each asset traded.
do not give up if you are in trouble such as loss. believe in the future with your other trades will generate greater profits.
Most newbies have the problem that they don't understand the dynamics of the markets and what it will do emotionally to them. When you take a small amount and play around with it in the crypto market, maybe even gamble on less known coins, you get a better feeling of how quick things can develop badly for you and destroy your investment. If you start out big right away there is hardly any chance you will be able to handle the situation neither emotionally nor technically. You just don't know what to do if shit hits the fan.
If you don't have any skill about your money, risk and emotion management, then trading is not for you. your trading bot/experience can tell you when you should buy, where & how you should trade but they didn't teach you money, risk and emotion management.
when market gives bearish signal skilled traders fix their profit and wait for new buying opportunities but newbies ignore that and follow their emotions.
Most of the new comers don't have any trading plan, they are following hype and get caught.
Nowadays leverage is most popular, and newcomer are doing rush to do leverage trading but you should know leverage trading is not for newbies, many skilled traders are faild to manage their leverage trading.
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Jump to: