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.
Topic: why some are still loosing money in crypto - page 5. (Read 2623 times)
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.
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.
success in crypto in my opinion is only an achievement that cannot be measured by the length of time we play in crypto..
but it all depends on our persistence to find maximum results, for example, just participating in all bounty distribution contests..
the old one but never follow is the same as wasting a lot of time..
once again for crypto success for me persistence and patience are the main factors..
how long we stand in market didn't be benchmark we will success or not in this market. the thing that will help us only how much effort to learn all about cryptocurrency especially about market cycle, fundamental or technical that work on it. even we just in a year involved but we prepare proper skill maybe we could beat the veteran here. but it all depends on our persistence to find maximum results, for example, just participating in all bounty distribution contests..
the old one but never follow is the same as wasting a lot of time..
once again for crypto success for me persistence and patience are the main factors..
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.
success in crypto in my opinion is only an achievement that cannot be measured by the length of time we play in crypto..
but it all depends on our persistence to find maximum results, for example, just participating in all bounty distribution contests..
the old one but never follow is the same as wasting a lot of time..
once again for crypto success for me persistence and patience are the main factors..
but it all depends on our persistence to find maximum results, for example, just participating in all bounty distribution contests..
the old one but never follow is the same as wasting a lot of time..
once again for crypto success for me persistence and patience are the main factors..
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always
The key to successful investing in cryptocurrency is patience, because most people panic too quickly if they see the price of coins purchased suddenly fall. Even though if we have bought potential coins, there is no need to panic if the price of the coins falls, because usually the potential coins will
recover quickly and the price can go up again. The next causes us to lose money when investing in crypto, we are not able to control our greed.
If we have reached the target we set, sell immediately, don't delay taking profit, the price of the coins we buy can drop suddenly. In conclusion,
I agree that the reason why people fail when investing in crypto is a lack of patience and not being able to control greed. So fix these two mistakes,
then it will be easier for us to be able to make a profit.
Why are we always encouraged to invest money, we can afford to lose, because when the market situation worsens we can remain calm and not panic.
I agree that it is better to start investing with a small amount of capital, especially for newbies who do not have the knowledge and experience,
it is better to start investing with small capital. So when they experience a loss, they are not stressed and discouraged, they will easily get up again.
And can consider these losses as the cost of learning to invest in the crypto world.
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.
Everything is correct. Only in my opinion, all of the above is more suitable for beginners than for those who have survived 3 years of winter after 2017.
I'm afraid that until a person makes mistakes and understands how everything works through his own failures, he will not understand most of the advice written above.
Humans can learn in different ways but the hardest but the one that gives the best lessons is to learn on our own, the issue is that while in almost any other activity this is not really a problem there are times in which it can be extremely expensive and difficult, take a look at those that get addicted to drugs, we all know this is a bad idea but there are people that think they can control it only to understand too late they lost control of it and will have to go through a very difficult process just to overcome it, they will finally understand why they should have followed the advice of staying away from drugs but they will have to pay a huge price to do so. I'm afraid that until a person makes mistakes and understands how everything works through his own failures, he will not understand most of the advice written above.
In general, being successful in the cryptocurrency world has been a very long experience before being able to achieve success so that he has experienced many losses which has made him more experienced in the world of digital money, some have been frustrated to return to the world of cryptocurrency and get up again from the beginning. so that success is unforgettable
Every investment have always have loss not only with cryptocurrency, I think if you not ready with risk on investment way better hold and save your money under below, put on the bank and keep safety without increase more like investing on cryptocurrency or other. I think every people joined investment have ready with risk when bitcoin dump and they will hold and never cut loss with lower price.
well, losing money is one of the essential risk in any investments, especially cryptocurrency. Crypto market is full of ups and downs, the price is changing in just a short time.
So the risk will be higher than other investment. Beside that, I think it also depends on luck, so many people that I have ever heard their story, they gained so many profits just because they accidentally invest into some coins and boom the price is increasing just in a blink of an eye.
So the risk will be higher than other investment. Beside that, I think it also depends on luck, so many people that I have ever heard their story, they gained so many profits just because they accidentally invest into some coins and boom the price is increasing just in a blink of an eye.
Generally, those who do not consider this information to be sriuz, so they still lose a good opportunity or the coin is lost in the wrong investment place, it would be good for them and myself before making a decision to invest, they must first look at the traces of the future the coin that we want to invest so that we are safe in choosing a project or in investing
there are financial backers who accept the word HODL when infact selling at ETH is the best thing to do and I'm not trying to say this for altcoin financial backers. Bitcoin financial backers ought to likewise be getting it done before the adjustment come.
I think crypto analysts have a huge responsibility in that matter because they just believe in charts and never considering some other critical aspects like market manipulation and fud...imagine that some analysts advised people to not sell after the huge dump from 64 to around 56 in just a few hours.
That is why you need some knowledge about different aspects of the market and TAs too and not just rely upon what some analysts are saying. Investors have been able to make their own decisions when it comes to the market, whether to sell or not even what you invest in, some people only invest in what they hear people say is good to invest in, too lazy to do some research on the projects. Listening to all those analysts is good at least you compare ideas to your findings and weigh options, but you must take your own decisions.
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always
mostly traders failed with this points, they could not prepare their self well either in trading knowledge or psychology. In trading actually it is psychology war, traders that could hold and maintain their emotion they will be the winner. Don't ever trapped in HYPE , FOMO or anything else without our own research , experts not allways right . If we could do it by our self , knowledge and skill will improve and very usefull for future. But indeed that never become panicked when in trading because the ups and down is normal and the only weapon we can use is to manage our temper and have a great timing in the price movement from there we will surely win.
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always
The key to successful investing in cryptocurrency is patience, because most people panic too quickly if they see the price of coins purchased suddenly fall. Even though if we have bought potential coins, there is no need to panic if the price of the coins falls, because usually the potential coins will
recover quickly and the price can go up again. The next causes us to lose money when investing in crypto, we are not able to control our greed.
If we have reached the target we set, sell immediately, don't delay taking profit, the price of the coins we buy can drop suddenly. In conclusion,
I agree that the reason why people fail when investing in crypto is a lack of patience and not being able to control greed. So fix these two mistakes,
then it will be easier for us to be able to make a profit.
Why are we always encouraged to invest money, we can afford to lose, because when the market situation worsens we can remain calm and not panic.
I agree that it is better to start investing with a small amount of capital, especially for newbies who do not have the knowledge and experience,
it is better to start investing with small capital. So when they experience a loss, they are not stressed and discouraged, they will easily get up again.
And can consider these losses as the cost of learning to invest in the crypto world.
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:
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always- 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
The key to successful investing in cryptocurrency is patience, because most people panic too quickly if they see the price of coins purchased suddenly
fall. Even though if we have bought potential coins, there is no need to panic if the price of the coins falls, because usually the potential coins will
recover quickly and the price can go up again. The next causes us to lose money when investing in crypto, we are not able to control our greed.
If we have reached the target we set, sell immediately, don't delay taking profit, the price of the coins we buy can drop suddenly. In conclusion,
I agree that the reason why people fail when investing in crypto is a lack of patience and not being able to control greed. So fix these two mistakes,
then it will be easier for us to be able to make a profit.
Another problem is that they also start out with too much of their total capital available. They either panic because the price could drop or they panic because the fear of missing out. If you are moderately getting into the market with small steps, investing a fraction of what you have available every couple of days, you reduce your downside risk but also your upside potential. Yet it let's you sleep better, you are part of the market and get to learn to deal with the market exposure.
from some of the causes of loss of assets in crypto that you have mentioned it is very true in my opinion. but it needs to be added a little more, namely that someone lost their assets because they were deceived by the rumors they heard, for example, someone heard that in the next few months the price of digital currency would jump higher, even though that was not the case or vice versa. because affected by such issues someone will lose their assets.
People experience defeat because they are stuck in the same situation and don't avoid it. they are forced to try new things they keep repeating. I think it's their own fault and lack of analysis of their mistakes so they lose more
When investing in crypto we must prepare ourselves to be used to huge price swings, volatility when not expected, and anxiety.
Make sure we have clear investment patterns and targets, whether short-term, medium-term, or long-term,
and have the appropriate risk profile and can accept large price fluctuations.
Many lose money in crypto because they use crypto as a place of speculation without having enough patience and knowledge about crypto
Make sure we have clear investment patterns and targets, whether short-term, medium-term, or long-term,
and have the appropriate risk profile and can accept large price fluctuations.
Many lose money in crypto because they use crypto as a place of speculation without having enough patience and knowledge about crypto
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
it is true that a lot of information that I got that many people lost money playing crypto. I think they are new players who just play without adequate knowledge so that they are self-defeating.
In my opinion they are losing because of insufficient ideas about their investment in crypto, Some of them are sitting on the top of the hype crypto. They are invested in without proper knowledge. So many of them are loser in terms of investment. When I am new on crypto, I am always reading about all the info of what crypto I wanted to invested in. Like elrond, I search anything about them and their agenda and goals. So I am happy for them.
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always
mostly traders failed with this points, they could not prepare their self well either in trading knowledge or psychology. In trading actually it is psychology war, traders that could hold and maintain their emotion they will be the winner. Don't ever trapped in HYPE , FOMO or anything else without our own research , experts not allways right . If we could do it by our self , knowledge and skill will improve and very usefull for future. But indeed that never become panicked when in trading because the ups and down is normal and the only weapon we can use is to manage our temper and have a great timing in the price movement from there we will surely win.
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