why some are still loosing money in crypto - page 6.

Shasha80

sr. member

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Quote from: Niobeh on July 24, 2021, 07:11:28 AM

Quote from: akirasendo17 on July 12, 2021, 09:38:16 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.

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.

Niobeh

member

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Quote from: akirasendo17 on July 12, 2021, 09:38:16 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.

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

Varunee

newbie

Activity: 7

Merit: 1

Those who are still loosing money in crypto most of them are newbie, they take decisions in a hurry without thinking that they also can be lose.People make mistake because they think in a greedy way.

1-what to avoid:-
•Do not panic
•Lose Patience

2-What to do:-
•Be patient
•Deep knowledge
•MakevStrategise
•Dont sell Coins in a hurry
•Be socially active

See when statics charts are going up and down
There are many ways to control your loosing money... So be patience don't be panic nd hurry to make decisions.

imstillthebest

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Quote from: ?? on ??

Well losing money in crypto is such a normal thing because crypto is so risky as the price changes all the time. The volatility of cryptocurrency makes it unique and risky, so dont get shocked if there are so many people who lose money on it. aside from volatility some people also lose money because of scammers, scammers are always there all the time so be careful with them, most beginners are victims of such scams.

i think he already knows this but he pointed out other reasons on why people lose .
i think the reason why he didnt add volatility because it was easy to manage , we can just wait and hodl if the prices are down but it was hard to doit if there are distractions , distractions that op posted in the first page . its not fun to loose money but we should stop if we think we are not improving .

leatutz

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Quote from: ?? on ??

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.

Definitely we see another face like "Elon Musk". Elon Musk never died until a famous person gave advice. Even the current situation of several countries follows the lead of Elon Musk. Those countries are burning and damaging the tools of Bitcoin mining. We need extra electricity when we are using a Tesla car. Some many investors lost their money for those scam advisor.

DoublerHunter

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Quote from: ?? on ??

Quote from: Morning honor on July 22, 2021, 03:33:40 AM

Maybe its because some are still in the stage being new in engaging the world of crypto and didn't understand yet process on how to get into it and what should be done in the crypto market and to community.

What must be done at the initial stage is to learn in order to understand everything, because without learning, whoever he or she will never know how the conditions are in it and will also never be able to adapt himself to everything in crypto.

^ The problem is that people are easily jumping in cryptocurrency investment thinking that it is very easy to make money on it, most of them did not even know or lack knowledge on it. They are just jumping because someone told them it is profitable and when they saw the price goes down they begin to panic and start selling to cut their losses. That is the problem of most newcomers now, they just lose their money and start giving negative feedback to cryptocurrencies. Nevertheless, we can not blame them.

livingfree

hero member

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Quote from: LordMiguel on July 23, 2021, 06:11:58 PM

please note that in every market. people are meant to loose money whille it becomes an opportunity to make more money. making more moeny in a bear market shows how focus and dedicated the person can be to acheve this target. there is a reason for calling it a market. simply people buy and sell. if you are scared of holding , take time and sell to the whales and joun the weak hands.

There are two things meant for each market, if there's a loser, there are the winners.

Those people who are still making money during the bear markets, they're the usual people that earn no matter what the market is. Bulls or bears, they always find opportunity for each market.

Holding is good for those don't want to commit trades during bearish markets.

LordMiguel

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ITSMYNE

please note that in every market. people are meant to loose money whille it becomes an opportunity to make more money. making more moeny in a bear market shows how focus and dedicated the person can be to acheve this target. there is a reason for calling it a market. simply people buy and sell. if you are scared of holding , take time and sell to the whales and joun the weak hands.

Fire me!

newbie

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I am new to the forum and rather new to the crypto markets. I do invest in other assets for more than 20 years. The crypto world is new and strange compared to the Cefi world. I think most people who tend to lose a lot are probably going with the hype and do no research. In my opinion the crypto markets are still in the infancy stage and have not yet fully matured. In investing you have the risk reward theory. The higher the risk the higher the rewards. The rewards you sometimes see in the crypto are so extremely high that they involve huge risks. Most newbies probably do not realize this and are being fed the stories of people who became overnight millionaires with doge or another shitcoin. All the people who lost a lot of money rarely make it to the news.

I started a couple of months ago on the height of the last bull run with a couple of 100 dollars. I lost half of it playing with it, last weeks i am reading a lot and watch youtube for information about the different concepts. The potential of crypto is huge, but to me it appears there are also many developments that make it extremely risky. But since investing is also a hobby i think i will be enjoying myself the next few years!

Shallow

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SmartFi - EARN, LEND & TRADE

Quote from: akirasendo17 on July 12, 2021, 09:38:16 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.

You actually listed them correctly with enough information to help anyone understand the direction you are heading to. The truth has always been information, most people do not take into account the type of crypto they hold, that is, they follow the crowd, follow updates on Twitter or telegram without any proper research on the updates they get, and atimes a lot goes as far as holding shitcoins with goal it will pump massively one day.
In my own opinion, I think the best way to start is through learning how to research on any information you get because it is through such research that the person will be able to learn more then making the best decisions which will in the long run direct him a lot.
Holding good coins comes from thorough research which most of the times pays off massively.

desticy

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www.cd3d.app

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.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Viscore on July 18, 2021, 04:46:44 PM

Quote from: South Park on July 18, 2021, 04:16:34 PM

Quote from: ansarose1 on July 15, 2021, 05:33:12 PM

I think one thing is for sure if someone is still loosing money in cryptocurrency investments, it's a lack of research upon doing what is and what's that throughout his investment. He doesn't know any single thing on what he's going to invest such that he only chooses coins or alts that he hopes it could give him a good profit in the future, then in the long run it cannot give him any profit and by that he tries another opportunity similar to that. Repeating cycle to lose for investment.

This is one of the main problems with those people that call themselves investors but that do not do any of the things true investors do, an investor that actually does his job knows beforehand if the asset in which they are investing has any chance of becoming profitable as they made an extensive reached about the projects in which they were interested, while most people never do anything like that and just hope they selected the right project which is a bad idea taking into account the number of projects that are scams in this market.

Some investors too easily believe in their own instinct so they jump easily into buying altcoins without even doing a good research first. This mostly ends up into losing. While other investors too also believe from the advices of others because that certain advice works for them but when you do it yourself, you still end up losing. This just means that the thing that might work for others might not work for you so better DYOR in everything we do.

And believing in your instinct is a problem, after all I could believe in it if the person that told me that had a story of being a successful investor for 20 years or something like that, but if they have been investing in the markets just a few months and they have no idea if they are going to be successful then relying on their instincts is a huge mistake, and unfortunately this is something that happens all the time and people pay the price because of it.

no-ice-please

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Quote from: ?? on ??

Quote from: BayAngelo on July 18, 2021, 06:01:47 PM

THE crypto trading space is meant to function that way. it is a market place. some buy low and sell high while some buy high and sell low. another man's high can be your low and another man's low can be your high. the market is unpredictable and no matter how expert you are, you are susceptible to loss. it is obvious that you can loose your money anytime.

Another thing is, many people only follow crypto when the trend is positive, so most of them buy coins at high prices. after all, they think that the crypto world is just a moon train. they forget that it is a roller coaster that can go up and down at any time. because they are not ready to take the risk, many of them sell when the price drops.

That's a very good point and probably one of the main reasons for those who lose money that they do actually lose money in the beginning. Another reason is that we shouldn't forget that in various phases in the crypto market the whole thing is a zero sum game. Someone must lose for someone else to win. Now some will say no, everybody can win, but that's not the case unless it goes up forever or never goes down again and stays stable, but those who bought at $65k are now obviously in a loss zone for someone else's realized win zone.

Morning honor

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Xircus

Quote from: akirasendo17 on July 12, 2021, 09:38:16 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.

Maybe its because some are still in the stage being new in engaging the world of crypto and didn't understand yet process on how to get into it and what should be done in the crypto market and to community.

Qirtov

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maybe some of them have not been able to know and understand the mistakes that have been made in the past so it will be difficult for them not to repeat these mistakes, but it should be remembered that the benchmark for the existence of losses is very important to prevent big risks that could take coins just like that so that we experience a large enough loss. Therefore, those who have fallen must be able to examine what went wrong so that it does not happen again.

campusnet

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Quote from: hidingyou on July 21, 2021, 10:12:07 AM

Quote from: irsada on July 12, 2021, 10:54:35 PM

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.

Yeah I agree with you but the truth is there's so many ways why they still hoping because of wealthy even once. Just like me I'm still hoping that's why I'll never surrender.

it's because most of those people don't want to learn. they only come for a loss. therefore even if they get losses they will come when the hype happens again and enter for losses back.
when they don't want to learn then everything will repeat itself over and over again until their money may actually run out.

hidingyou

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Quote from: irsada on July 12, 2021, 10:54:35 PM

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.

Yeah I agree with you but the truth is there's so many ways why they still hoping because of wealthy even once. Just like me I'm still hoping that's why I'll never surrender.

BayAngelo

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THE crypto trading space is meant to function that way. it is a market place. some buy low and sell high while some buy high and sell low. another man's high can be your low and another man's low can be your high. the market is unpredictable and no matter how expert you are, you are susceptible to loss. it is obvious that you can loose your money anytime.

Ryker1

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Eloncoin.org - Mars, here we come!

Quote from: Ziskinberg on July 18, 2021, 04:54:09 PM

Quote from: ?? on ??

There are people who buy a coin to trade as soon as it comes on the market. They don't do special research on the coin. This happens more often in their case. They should buy the coin after researching.

The main reason why they lose is due to a lack of knowledge in trading, even if they buy a good coin, but if they see the price dump like the current situation, they might easily panic as it does not meet their expectation. That's the problem of the newbie investors and whales are talking advantage on that reality, whales can manipulate the market because of them, they panic when the price dump, they ride the hype when the price pump.

Well, that is the problem because in trading --not everyone will be able to get profit some of them also get lose and that is the fact here.
The problem of them is thinking that trading is just easy of making money and they don't actually think it needs technical knowledge and fundamental skills in order to read the situation of the market very well. When it comes to whales, they are always making a loophole that the newbies fool into their trap by easily get a profit --but the fact you are not. No doubt that there are some people who keep losing their money.

Ziskinberg

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For campaign management look for Little Mouse!

Quote from: ?? on ??

There are people who buy a coin to trade as soon as it comes on the market. They don't do special research on the coin. This happens more often in their case. They should buy the coin after researching.

The main reason why they lose is due to a lack of knowledge in trading, even if they buy a good coin, but if they see the price dump like the current situation, they might easily panic as it does not meet their expectation. That's the problem of the newbie investors and whales are talking advantage on that reality, whales can manipulate the market because of them, they panic when the price dump, they ride the hype when the price pump.

Topic: why some are still loosing money in crypto - page 6. (Read 2623 times)