why some are still loosing money in crypto - page 9.

Ziskinberg

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And why some people are still losing?
They don't know what kind of market they entered. They are not prepared and for sure they are too emotional like they think that there is easy money in crypto.

Quote from: senyorito123 on July 15, 2021, 05:05:30 PM

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 hope it could be that way because base on my observation, this is the reason why many had left from crypto and raising their complaint.
This is absolutely a huge opportunity for those who want to take the risk and have a strong determination, but for those who are weak and don't understand the market, this will be a disaster for them.

Coroline

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Quote from: ansarose1 on July 15, 2021, 04:33:12 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.

Crypto assets include commodities that have fluctuations in value that can go up and down at any time so that people must understand from the start the potential and risks before making crypto asset transactions. Generally, many investors enter because of speculation and having fun to seek greater profits. However, there are also those who enter because they follow what is currently busy and becomes a trend.

The characteristics of investors who are limited to joining in, of course generally do not really understand how it works or the characteristics of the investment assets. So, investing is more encouraged because you want to participate in getting high returns, in the end it is speculative.

senyorito123

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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 .

Mahanton

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Activity: 2730

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Quote from: fullhdpixel on July 15, 2021, 03:52:21 PM

Quote from: ?? on ??

Quote from: TopTort777 on July 14, 2021, 11:56:37 AM

Greed is the only factor why people loose money. This is obvious for decades. Cryptocurrency is just one of examples of greed. All the other factors mentioned here are just consequences of greed. Sad thing is, people will never get rid of greed. They will always be envy for something and will try to get the same with minimum cost.

Agreed. Been hearing that for a long time, but unavoidable truth. I relate your words, greed is the biggest enemy before pocketing profits. Due to greed most of us losing the opportunity pocketing big cash but indeed few bucks they only accumulate. Today seemed like a good opportunity to add more ETH and BNB. So, grow our portfolio, not a time to panic.

I believe there is a great chance that greed may have caused people who trade to lose that is true but the high volatility with being newbie ends up not being that much of a helper neither.

Think about it bitcoin is not doing something easy to handle with prices going from 10k to 60k to 30k those are HUGE moves, and nobody is really used to something like that, it is basically something that is impossible to see in history, you do not see things go up and down this much this fast this commonly and this frequently, sure there have been times when things went up and down a lot but not this many times in a row, it just happens once or twice at best. That is why I believe it is a big deal and I would definitely believe that even people who are veterans of crypto world end up being not prepared for something like this, that is at least what I believe, maybe I am wrong.

Lots of factors that do result on losing money

1. Greed
2. Lose control
3. Impulsive emotion
4. Impatience
5. Lack of research
6. Desparation
7. Hurrying up to make money
8. Lack of experience

Try to control at least these factors and you would really see some progress for yourself.

ansarose1

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Activity: 784

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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.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: ?? on ??

Quote from: TopTort777 on July 14, 2021, 11:56:37 AM

Greed is the only factor why people loose money. This is obvious for decades. Cryptocurrency is just one of examples of greed. All the other factors mentioned here are just consequences of greed. Sad thing is, people will never get rid of greed. They will always be envy for something and will try to get the same with minimum cost.

Agreed. Been hearing that for a long time, but unavoidable truth. I relate your words, greed is the biggest enemy before pocketing profits. Due to greed most of us losing the opportunity pocketing big cash but indeed few bucks they only accumulate. Today seemed like a good opportunity to add more ETH and BNB. So, grow our portfolio, not a time to panic.

I believe there is a great chance that greed may have caused people who trade to lose that is true but the high volatility with being newbie ends up not being that much of a helper neither.

Think about it bitcoin is not doing something easy to handle with prices going from 10k to 60k to 30k those are HUGE moves, and nobody is really used to something like that, it is basically something that is impossible to see in history, you do not see things go up and down this much this fast this commonly and this frequently, sure there have been times when things went up and down a lot but not this many times in a row, it just happens once or twice at best. That is why I believe it is a big deal and I would definitely believe that even people who are veterans of crypto world end up being not prepared for something like this, that is at least what I believe, maybe I am wrong.

lepbagong

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Quote from: _MrTuyul404 on July 15, 2021, 06:56:07 AM

Initially I knew crypto 2017 but at that time I was just an airdrop and bounty hunter, I started trading recently and sometimes I win sometimes I lose, not necessarily people who know crypto from 2017 will always profit, because we will not know ups and downs price
but I agree with your suggestions, thank you

from the start I was more focused on the same as you, which was only participating in airdrops and bounty hunters, and just started trying in 2018 to trade, because the bounty hunter and airdrop situations did not seem to be supportive compared to 2017. so it's only because of the compulsion to follow the trade, and indeed as in general I don't dare to do it with big values because until now I haven't reached a meeting point to be able to do it very well.
I'm still trying to learn because % what I get is more in a losing position than a profit, but I will continue to try to improve and learn a lot.

Dread Pirate Roberts

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The important thing is to stay consistent. if you mention 2017 if someone is consistently in the market and doesn't leave, they will definitely make a profit, and the gap is from that time until now its really high. people should be consistent exist on market even on loss position thats what make people on crypto market still survive.

_MrTuyul404

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Initially I knew crypto 2017 but at that time I was just an airdrop and bounty hunter, I started trading recently and sometimes I win sometimes I lose, not necessarily people who know crypto from 2017 will always profit, because we will not know ups and downs price
but I agree with your suggestions, thank you

Benefactor

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Activity: 1260

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They don't Google, substantially less read, before they put resources into a specific undertaking or coin. It is sufficient for them that a specific coin is advertised via online media. Be that as it may, some portion of us just perceives the outcome and doesn't take a gander at the interaction to make it, which is the justification numerous issues like insatiability and loss of mental control.

Xinarae*

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Quote from: inanilujimi on July 15, 2021, 05:10:15 AM

because of uncontrollable emotions that make a decision only based on emotions without thinking clearly.
there is also the factor of investing in hot money that it is not appropriate to invest in crypto given that this market is highly volatile.

Investing in crypto requires controlling your emotions to make the right decision you need to do market analysis. Then it will be understood which currency is good for investment and has the potential to rise to the top traders are losing money for not choosing the right currency.

inanilujimi

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because of uncontrollable emotions that make a decision only based on emotions without thinking clearly.
there is also the factor of investing in hot money that it is not appropriate to invest in crypto given that this market is highly volatile.

lizarder

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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.

I think the characteristics of successful people are not relying on only one opinion, meaning that if we only rely on one reference in pursuing what we want to do, then we are likely to fail again, but I think it is better to have failed and then we fix that failure.
when you and I put our trust in Elon Musk for example, why don't we give that trust to other people too, as an alternative for us to make comparisons.
when we get a lot of references and comparisons, automatically there are also many sources that we can study perfectly, so we don't always experience the same failures.

Connor Britton

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Activity: 101

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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.

Liamttw

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Activity: 126

Merit: 19

Most of these investors buy cryptocurrencies to make money without analyzing the price trend of the crypto market. They generally choose to buy and sell currencies through other people's recommendations, rather than making choices based on their own unique judgment.
Price fluctuations in the market can also generate market sentiment and make wrong judgments.

bitzizzix

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Every investment or related to profit will not always run smoothly and losses, mistakes, carelessness and so on will surely be passed or felt which will be a very valuable lesson to be learned.
although sometimes repeated, don't give up easily but have to be creative to really fix it, it takes intelligence from everything that happens to assess and understand it well before doing it, and also must really have enough knowledge and mastery, especially in research and also find the best and accurate information.
Emotions are bound to be there because of the increasing fear of loss that makes hasty decisions that actually happen are natural, and whatever happens will be a lesson to be better.

arifteguhr

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Activity: 1246

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Quote from: devil2man on July 14, 2021, 02:38:29 PM

generally we learn from our mistakes and try not to repeat them plus those who were already active in 2017 know how the market trend works, good traders manage to make gains in both directions of the market, we must not follow our own instinct and the various gurus of the market we just have to follow the charts and act coolly

Yes, calmness in acting is really necessary under any circumstances, because in 2017 many people have become rich in crypto and in 2018 many people have become poor in crypto, so it's all about conditions and how to take a stand at all times.

Hypnosis00

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The sad reality about trading is that not all are meant to become a trader. And those who ever tried and quit because they don't understand as simply telling us that they are not worth to become a trader as well. Unfortunately, they lose their money because they underestimate this thing which we know that there is no easy game in trading and every wrong decision we've made corresponds to losses.

Aside from that,
*passion
*pretending knowledgeable already
*overconfident
*greedy

DarkDays

legendary

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The thing about crypto is that if you don't know where and what you're getting yourself into you can lose money easily despite the market conditions.

This is mainly due to the increase in scams, and people being naive.

This is exactly why at times when the digital era is so prominent giving rise to these internet opportunities for making money, one must be extra prudent when surfing the net, special care to be taken when connecting wallets to sites and sending money to ensure the receiving address is the one intended to send the funds to. If on the wrong platforms these could all be pitfalls.

adzino

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They are losing because they are selling or they invested in a shit coin.

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.

1. You can follow a person, but follow them blindly, you will most likely be mislead.
2. Lol, if it's already dead, then what's the use of selling it. Just keep it with you. Will constantly remind you of your mistakes. And yeah, they deserve it. They knew it was a scam, yet they still invested to make quick profit.
3. Instinct sometimes help...
4. You can't just delete your emotions. I find it very weird when people starts to blame emotion for everything.

Topic: why some are still loosing money in crypto - page 9. (Read 2718 times)