Actually, who wants to spend their whole day doing research! Only a few people can do it, but the rest of people follow famous people's tweets as our trend history. We don't know which altcoins will be revealed as a scam project but we know most of the new projects will be scams. Now a lot of opportunities have for old coins. Why do we have to do more research on new altcoins?
right, if you really want to invest, I think it's clearly seen on coinmarketcap, we can choose coins in the top rankings. without research that sometimes makes us dizzy. sometimes a new project just makes a good proposal so there is no real development of the project, sometimes even no real product that leads the project to hype 
Topic: why some are still loosing money in crypto - page 8. (Read 2718 times)
The first one is probably where new investors knew crypto. Being one of the most richest man in the world could make you really think that he could change your life in just a single tweet. His influence have gone so far that dumbs newbies going wreckless go to where he tweets. Let me add one that I also experience as a newbie in crypto and got me a big loss:
All you hear from these so called whale groups is to shill for the projects they take money, everything is promotion in the market and these groups will take couple of hundred bucks to shill your project and if it is a big group the amount will increase accordingly and never ever take anyone else's advice and invest money. - NEVER EVER FOLLOW A WHALE TG GROUP
You need to do your own research and the problem i see in the cryptocurrency market is that everyone learns after getting these lessons and not even think about logic before falling into these traps.
Actually, who wants to spend their whole day doing research! Only a few people can do it, but the rest of people follow famous people's tweets as our trend history. We don't know which altcoins will be revealed as a scam project but we know most of the new projects will be scams. Now a lot of opportunities have for old coins. Why do we have to do more research on new altcoins?
Imagine all the beginners in crypto being excited for the first time in their lives, the possibility of wealth that they cannot imagine. Unfortunately, they only get their crypto learning from a social media group or worse from one beginner as well. That is already a sign that you need to prepare for a long bearish period. These beginners will not have any knowledge at all about crypto and will panic sell at a big loss if shit hits the fan. We will never be able to save them. That is why knowledge is power.
many newbies who only understand the crypto market will profit quickly. and coincidentally their moment comes also right when the bull market. they are happy with their initial investment which makes a profit. and tried again but was unlucky to be stuck in a bear market.that is why there is a real need for learning to know better how crypto assets and markets work.
There are many reasons why people can lose a lot of money in crypto, in essence all that can happen in the crypto world, namely losses as well as profits. What is expected is profit, so we can be more careful and more vigilant. When entering the crypto world, it would be better if we also understand the consequences that can be obtained so that we can understand more and be careful. Many people rush into making decisions or are not careful enough that they lose their money. That's why we can't expect instant profits in the crypto world. But if we want to continue to learn and practice the benefits can certainly be obtained. Its all depends on how we can learn and manageour asset well.
Imagine all the beginners in crypto being excited for the first time in their lives, the possibility of wealth that they cannot imagine. Unfortunately, they only get their crypto learning from a social media group or worse from one beginner as well. That is already a sign that you need to prepare for a long bearish period. These beginners will not have any knowledge at all about crypto and will panic sell at a big loss if shit hits the fan. We will never be able to save them. That is why knowledge is power.
Because they trust their own intuition and buy this coin when they feel it is good, they don’t know much about it, they don’t accept their investment failure, they panic when they see negative news, they sell their cryptocurrency, they are unwilling to face it, they don’t have the courage, we need to find a way through our mistakes.
analyzing and understanding what we are going to use as an investment is something that must be done, as you said that many people who are original and don't really know what they are buying then panic when they hear negative news, even though this should be a lesson for us in invest in the future in order to reduce the possibility of existing losses.
Some are new(FOMO'd), some are paper hands - easily get shocked by shared FUD. And most importantly, not setting up their goal.
I would suggest for those people to stop looking at the price every day. Instead, they can explore some entertaining things like DeFi games where you can play to earn. AXIE and TLM are ones strong right now. Also, $ANRX who will launch their soon
I would suggest for those people to stop looking at the price every day. Instead, they can explore some entertaining things like DeFi games where you can play to earn. AXIE and TLM are ones strong right now. Also, $ANRX who will launch their soon
These are good reasons for people to lose really much money in cryptocurrencies. I don't understand even people who are acting according to some investment advices. Even if Elon Musk gives an advice about it, I wouldn't apply it blindly. This is a volatile market. You shouldn't trust anyone but yourself.
Crypto investment always risky and uncertainties, only experienced and expert person can gain something better that we think. When I was a fresher investor ans didn't know anything about cryptocurrencies market and exchange,then I lost several times my all investment money. But now I sometimes get profits than losses.
Not only crypto investments are risky, any form of investment has its own risks, and it is true that experience is the main factor needed by an investor, let alone investing in crypto.
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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
There is no struggle without being fought even though we are speculating in the market, there needs to be a method in achieving a process, so that what we are pursuing does not look in vain. Knowing the market first is very important after that, then we learn which coins we will invest.
we need the right pattern when we buy a coin, analysis of the purchase price, selling price and don't forget to monitor the graph, after that we also need to see the condition of the coin we are investing in, whether the coin is in trouble or the coin owner is having difficult times or not
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
I'm sure almost everyone knows about it, but mistakes keep being made, most investors don't have the patience to find clear information with their projects and they just relying on luck. This is the benefit of the forum so that we can share experiences and remind each other.
Clearly the ugliness written above occurs because a person does not want to learn and understand a valuable lesson in his life.
Investing with cryptocurrencies does carry a great deal of risk as well as profit.
It all depends on each individual in addressing and learning from the experiences that have occurred.
Investing with cryptocurrencies does carry a great deal of risk as well as profit.
It all depends on each individual in addressing and learning from the experiences that have occurred.
My experience in carrying out activities in Crypto, is only guided by the concepts of profit and loss, opportunity and risk. Even if I see and consider suggestions from other people in particular like the one you mentioned namely Elon Musk, it's just part of another consideration to strengthen my thoughts.
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
Thats is the natural life in crypto trading someone may lose for somebody's gain, crypto is not depend on luck, it is a product of continues learning and study, we should know the movement and the technicality of the market.
We can't deny the fact that losing is one way of developing our self confidence, and when we trade our knowledge is only dependent on how we accept the fact that at least we can afford what we're going to lose. Once we lost our capital and profit, that's the time learning process will happen. You can't be a good trader if you don't lose, I myself don't just lose financially but also more opportunities .
I do accept the fact that losing is part of the system and do help to develop self-confidence but it doesn't necessarily have to that you have to lose your capital/profits for you to now understand that your learning process has started. People that have been in the space for so long can still and do still lose money fund in this crypto space, do we now say that they still haven't learned? We just have to understand that this can happen especially if you are a trader as it is part of the game. 
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:
There is a saying that goes that everything is not meant to be easy, if it’s easy, then it becomes a child’s play.That’s why it’s very important for people to work hard and also think smart. I have not seen anyone that got on cryptocurrency and had it so much easier. No, they had to work really hard before they could achieve anything from it.- 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 all about hard working, and you have to be researching, and make use of both fundamental and tech analysis to predict the market. You shouldn’t be relying full time on analysis that are being made by other people. It’s not bad to take ideas from others, but you still research by yourself and know whether it is right or not.
Actually, it's not some but almost all of us are losing money, the market is highly volatile, there is no guaranty that these start-up projects are going to continue building their project, there's always been an issue of developers giving up their projects and investors left with a useless token in their wallet, so even if your coin is already in the market don't be so sure that all will be well.
Crypto investment always risky and uncertainties, only experienced and expert person can gain something better that we think. When I was a fresher investor ans didn't know anything about cryptocurrencies market and exchange,then I lost several times my all investment money. But now I sometimes get profits than losses.
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.
You are right, many people just invest in a crypto coin without serious research about it. People commonly just check about the price history, they are interested to buy if the graph showed them it is at the bottom price point. They forget to check the development, programs, and current issues about the project. Whereas, it is a very important thing because it is a fundamental factor. If there is something wrong happened in the project, the token price can be falling drastically and hard to go up again.Jump to: