Bitcoin Forum

Nearly half of US adults say their crypto punts are worse than expected: Survey (https://www.fxstreet.com/cryptocurrencies/news/nearly-half-of-us-adults-say-their-crypto-punts-are-worse-than-expected-survey-202208240353)


To read the news in details, you can follow the above link.

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021. If an holder bought at high price, they may not want to wait again and sell in losses after coins like bitcoin has already reached all-tim-high. Some people that invested at low price can gain but altcoins are more risky.

Bitcoin has always reach all-time-high. Many people that complained before the present all-time-high with unrealized losses (people that did not sell when they were losing) later gained and were all happy, bitcoin increased from $19500 all-time-high in 2017 to $69000 all-time-high in 2021.  Bitcoin market has been unfavorable this year but which people that know about bitcoin are not surprised about, they have predicted this bear market before it happened. If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

of no doubt there's high volatility in altcoins, the risk is high as well than the profit it gives, whenever the bitcoin price falls, the higher they can rise the higher they fall, some of them never recover from such loss because they fell to an extent of not recovering, people often refer altcoins as shitcoins because of this heart breaking occurrence of one day life another day death, but few among them maintain the stay but no guarantee that they can play the role and steadfastness of bitcoin, it's better to stay safe with bitcoin than rotating round about altcurrencies.


since bitcoin is the king of cryptocurrency, anyone interested to invest should at least start with bitcoin, gather momentum and experience for two years or more, understand how to speculate price and buying techniques because giving altcoin an attempt, but because most people wanted to treat altcoins as ponzi where they can amass wealth within a short time they got stuck along the way, that's why bitcoin set the pace for other cryptocurrencies, buy bitcoin when dip and sell when high, but this doesn't actually work with many altcoins that way.


it is possible but we have to get close to 2024 halving or right immediately after the halving, a new ATH will definitely set in, those that have invested during dip will have lot reasons to smile.

This snippet sums it all up, if you are interested in crypto because you think you can just come and make money, you may be walking into your waterloo, i have learnt from this forum that crypto is not a "get rich quick plan".

Many of the people that took this survey bought coins and tokens without checking and examining it, i feel that is the earliest mistake people that want to be rich by buying crypto make, when they don't examine and buy, thy end up buying many altcoins and hold it thinking they have diversified and profit is sure, but that is the beginning of the end for them. Long story short, they end up as bagholders.

It goes without saying that people that want fast money also invest in bitcoin, still without examining, so they feel their returns can come as quickly as they want, they do not know they have to hold for the long period. Long story short, they sell early and lose. The genesis of the problem people have with crypto generally is they don't examine or study before investing, so their expectations cannot be achieved.

Most of the people got in during the peak of the market when the hype is so strong.  It is obvious that when the hype fade, the price will correct itself, and those who invested in it will surely suffer losses.  Those who invested in BTC are definitely going the right way but most of them lack knowledge and patience so they derail from the correct path and give up their holdings at a lost.  If they only intended to hold for a long term, I think the survey won't have the same result. 
While those who invested on altcoins that are shitcoin and are only driven by hype, are definitely in the wrong way.

Doesn't seem like they actually lost out but rather instead their profits were less than expected? So I guess any of them weren't really losing anything nor have they really made any wrong general investment decisions since they still ultimately profited. It is kind of weird how they expected or thought of crypto as an easy way to make money, it may have been true foe the early days but I don't think it applies to recent times now, not to mention it also requires a lot of know-how on what to do to exactly profit.

The biggest mistake people make investing in crypto is not looking for more information and just trying to follow the rumors to buy a coin they think will explode in no time. But the reality is not so because the coins they buy do not provide as much profit as they think.

And if they invest in bitcoin, they also don't predict when to buy bitcoin but follow what is presented through many websites about it will increase in a short time, so buy it before it's too late. Once again, reality didn't turn out the way they wanted. That makes many people suffer losses in investing in crypto and say that crypto is a scam.

most of the people only invest in tokens that offer high returns, especially in yesterday's Defi trend where many tokens offer high APY. whereas if they invest in a coin like BTC or ETH and hold it for a long period of time, they might be able to make a profit.

This is like 2017-2018.

Many have thought that the all time high don't have an end. And the idea of investing in altcoins is because mainly due to the hype that it had brought to the market.

That's why they all thought that it's the best vehicle in the market rather than go with the stable, slow move with bitcoin and other common cryptocurrencies that are also in the top.

We all do and it's just a matter of time.

I noticed such a trend that in the phase of the bear market, people simply stop being interested in cryptocurrencies the way they did in the bull market. This is a mistake, because right now the best prices to buy, perhaps we will not see the lowest price any more, and after accumulation we will see an increase, but then it will be too late to buy, since the best time with the lowest price will already be lost. I buy bitcoin every time I have the opportunity to do so, and I have confidence that my investment will bring me good returns, I buy for the long term and therefore do not try to catch the lowest price, I just buy when I have the opportunity.

Nobody who has HODLED for over 6 years has ever lost money. Bitcoin should be seen as a long term investment. If these guys can’t handle the heat, they should stay out of the kitchen. Great volatility is the price you pay for life changing profit. Patience is of course, key.

It's no wonder that only 15% of the total participants disclosed their investments during a bullrun market with yields that still have higher returns. Investing is not easy so when you look at the number of altcoins today, it depends on how they put their money into long-term investments. Based on the article you shared, I didn't find any specifications about what percentage they share in crypto, especially allocating to Bitcoin and altcoins. If you take stock of the market ups and downs that have occurred this year, it's fair to say you're only getting lower returns.

The question is quite a phenomenon that needs to be asked of them about how long they search for information before investing in crypto and how mentally prepared they are for the market conditions this year. Therefore, the DCA method must often be emphasized, even if they need to make the method one of the investment styles. If you do it all in it is difficult to get high returns.

its not about the results.. its about the timing of the survey

yep if you time any survey to be conducted in period that is currently low. asking people who bought on a high.. ofcourse they will tell you they are at a loss..


if you do a survey in a summer heatwave they will tell you they are hot and sweaty
if you do a survey in a winter snowstorm they will tell you they are cold and chilly

the results become meaningless because you know the answer just by the time the survey was done


surveys are useless.. here ill give you a couple situations and a question and i bet you can predict the answer

you want to interview a bunch of hikers at a mountain.
the question is:
how do you feel about the maintain trail
a. i am prepared, i think it is great
b. its long and requires alot of energy

now here is the thing..
X. you ask a bunch of people at the bottom going up the mountain
y. you ask a bunch of people at the top after climbing the mountain

now without even knowing the answers to a survey you already know majority
X.A
Y.B

The biggest mistake they made was venturing into what they have little or less knowledge of, because the acronym "DYOR" is one of the most commonly used when it comes to cryptocurrency which actually means to always ''Do Your Own Research'', but they never did, because in as much as you can make money from crypto, you can still lose money, which is why its always advisable to first have a brief knowledge on the basics. So if you could investigate vividly, you will only get to know that majority of those who complain about losing money to crypto were those who ventured into it without the basics, knowing it's volatile and can rise or fall anytime, but with a long run investment one could make a reasonable profit.

The mistake that I see is thinking "it is a good way to make money". That had always been their first thought whenever they invest in crypto and the sad part is they want it fast. That's the second mistake.
Any investment takes time, you just need to know when was the right time to buy and how long are you willing to wait.
Those who want it fast should go for high risk, high rewards but it is not recommended for shallow wallets.

Imo, 46% of these people could be people that bought at the top $69k , And also I guess that majority of these people would be new investors that have actually not experienced the Crypto bear market/winter before, hence their crypto returns becomes least expected Most expecially the shitcoiners portfolio will be on extremely Red, because they got in hopping that Bitcoin was going to $100k to drive the entire market and reverse was the case. Therefore, regardless of the Crypto portfolio that they hold someone that bought at the top will definitely be seeing an unexpected returns by now. The only one thing they have to do is HODL.

The people that complain about their crypto investment being worse than expected definitely not going the right way or don't have adequate knowledge about the crypto winter market due to countless threads I have seen on this forum where some people are asking questions if it's possible for us to see another ATH price because they didn't understand that the market cannot always be in bullish.
Crypto investment is just like gambling and there's no way they will win the game if they didn't understand the game rules.

Who wants to become rich over the night, crypto is not for them. they should do bank robbery or any other things. I think most of the people included in the survey chose some worst shit coin so they must lose a big amount. Even bought Bitcoin in ATH and also lost a couple of x from that price. So if people don't have enough patience they can't make a profit. I can say they just come on the crypto just to become a millionaire or something like that. They just jump into crypto to get a profit but they don't know how to make a profit from crypto. It is not easy like pump dump shit coin and as we know everyone cannot be a gainer from the pump dump shit coin. If you want to make money from crypto then you must be a strong holder.

If we should go deeper into the minds of those 46 percent who said their crypto investment didn't go as they expected it to, we all will probably discover that they expected to make huge profits on their crypto investments in a very short period of time, that is getting rich overnight.
We all know that things don't work that way, and this is not me ruling out the possibility of getting rich quick through crypto entirely, but am pointing to the fact that this only happen on rare occasions and to very few extremely lucky ones who happen to have invested in the right coin at the right time.

Investment in altcoins can be very risky, but can bring great returns if one is lucky, while investing in bitcoin is more like the investors safe heaven, but it's profit come in a longer term than short term.
So, those who invested in bitcoin and say they didn't make a profit weren't really patient enough.
And those who invested in altcoins and didn't make a profit were probably not lucky enough to be invested in the right altcoin and at the right time.

On one hand its their own fault that they set their expectations too high and the reality proved different from them, on the other hand if crypto disappoints people, it would mean lower interest and probably further disappointment as the result. Crypto is very sensitive to public perception and hype, so this pessimism could be pretty bad for the market.

I'd never found it wrong investing in altcoins but what went wrong is investing shitcoins which are already flooded in the market. And if investors don't have the time to make research and just simply follow what these social media is promoting, I'm not in doubt that someone like the person mentioned by OP will fall into scam projects. And I'm not going to wonder why it is happening, I'd see this thing very common, especially if we are too careless and have no market experience as we jump without even doing any simple research.

I went through the article and I tried my best to filter the categories of people interviewed. When I heard of the statement "They thought crypto will make them rich", I understood that this was category of newbies who has the mindset of get rich quick scheme.
I have been in this forum from last year, and I am making some investments. I already know the outcome of my investment in terms of profits and losses. So, either ways it goes I won't be disappointed because I had already weighed the situations and decided on the amount I am able to invest. I can strongly say that I cannot be disappointed by crypto. The only disappointment that could face me will be a general disappointment, such as if bitcoin refuses to bull after 2024/25 halving.

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

It is known that many newcomers have the notion that this market is the easy way to get rich.
But later on, they will realize that there's more than meets the eyes in this industry.
Because if they will blindly trade without learning the basics, they will surely lose without a fight.
But losses here is normal, I believe, even long-timers can still lose if they are not careful with their steps.
Because the truth is, we don't know where the coin is heading to, which is why we are all just speculators.

We are all speculators here on this market considering that this had been unpredictable since from the start and there's no way that we could really predict on where it would be going.

When newbies do really see people out there flexing up their trading earnings then you would really be having that impression that it would really be easy and you can do it too without any problems.

Losses are indeed normal but if you arent really that knowledgeable then you are just simply doing gambling because you dont really have any idea on what you are doing.

I guess it's normal because they've had bad experiences buying bitcoins. And it's all because they don't analyze where bitcoin is going, so they make mistakes. But, if they are willing to learn from those mistakes, they will find that now is a good time to buy, especially since we are seeing a sharp decline in bitcoin and altcoins. If they can use the present to invest in bitcoin and altcoins, they will be able to profit in the future.

That's true. They don't think about analyzing the coin and instead follow what they see on social media that says to invest in a particular coin. Their attention is divided because there are so many suggestions they find on social media that they don't think long to analyze, and in the end, they buy the wrong coin. But if they decide to only invest in bitcoin, especially at this time, they will see how much profit they will make once the price starts to increase again.

I don't think with people losses but mistake made when bitcoin looks as hype reaching all time high price above $60,000 and many issues talking about bitcoin will reach above $100,000. First mistake why many people want to invest their money in bitcoin trough 2021 because they have filled on their mind about bitcoin will reach above $100,000. But what happen right now far away from their predicting and bitcoin price drastically drop under $21,000 right now. I think basic mistake made by new investor coming in bitcoin and they do not know about all time high price of bitcoin, but after investing and keep holding their assets until bitcoin dump right now know not all trues about bitcoin will reach above $100,000.

It is also possible that they lost money because they bought bitcoin at a high price, they did not research everything carefully before buying and they only bought when someone recommended that bitcoin will increase in price in the future if they buy bitcoin, they did not receive a warning about the short-term volatility of bitcoin. Buying bitcoin is the right thing to do, but at what price we buy is the key to making a profit.
It can be said that the cause of the loss is not due to the market or anyone, but because they themselves were too hasty to invest when they did not have enough knowledge and experience.

Shitcoins are often mistaken as an altcoin because they are on one category but a good research will let you eliminate them. For those who are experts I think they can invest in shitcoins and incur only minimal losses because they already know how they work but for a newbie, that isn't advisable. They better stick on the safe coins first.

It's not that people have gone in the wrong way because even us who have experienced already and will prefer top coins the most, can still be able to lose. Loses are just normal and part of this crypto game but those who lose because they choose the wrong way, can always correct their path. It's not too late yet.

Because they never researched the market and they thought they could make some quick profit within short period of time. Most of them invested due to FOMO and when they see the price crashing, they start regretting.

They aren't investing in just some altcoins. They are investing in random shitcoins with the hope of making some quick profit over night. If they had invested in one of those top altcoins, they wouldn't have lost a lot. If they invested in Ethereum a few weeks ago, they would already be enjoying some nice profits.

maybe those who get a little profit because they go into crypto when prices are high, should be when the bear market is in action now they should take it and hold it long term at least 4 years from now I think it will be a good investment and a pretty big return , strangely sometimes people leave crypto during a bear market like this and don't take the opportunity to invest

The survey was conducted last month which means the investors that claimed their crypto punts are worse than expected believe once they invested in crypto the next is bullish or maybe they invested in that meme shitcoin.
This will always be the criticism of inexperienced investors.

Making thousands out of $100 in altcoin is so rare, that's why it's not really a good thing to risk your money in altcoin as a beginner because of its cheap price. Bitcoin is a safe place, where you could peacefully let it sleep in your wallet if you're planning to HODL after you bought in a dip. I started here in 2016 where Bitcoin was $500-$600 if I'm not mistaken, since then I never doubted it.

People are losing their money mainly because they don't know exactly what they are doing, simple as that.

Cryptocurrencies can indeed be made to earn money and can even change lives or gain wealth because not a few have succeeded in changing their life stories from cryptocurrencies.
but all of that is not easy and short, many big risks in the crypto world can even result in losing all the assets used to play crypto depending on how they can use the right strategy and can overcome their emotional self.

OP is right. With every bear market, bitcoin has come out to be even stronger and it has survived all the dumps.
This makes bitcoin the most trusted cryptocurrency. It creates a new ATH every time and with the current bear market we can expect the same.
The chances of bitcoin reaching the $100k target is getting closer with every ATH.

It’s always a challenge to invest in the right coins as we can’t predict precisely as to what coins will survive for long, others may have been lucky and invest into bitcoin while some end up investing in altcoins and shitcoins because they find them more promising. Although i’m not saying that investing in altcoins is bad, but it’s a always a high risk investing in them and yet there are no guarantees that they will continue to surge and reach new all time highs. Unlike bitcoin, if you are just patient enough, hodling bitcoin for long term is proven to bring huge profits in the end.

I remember my experience in the past and was still a beginner in crypto and at that time I invested and at that time the price of the crypto I bought went down and at that time I panicked and kept selling and finally my money ran out, but not long after the price of the crypto I bought suddenly went up back and even higher. and from that incident I thought and began to improve my thinking and began to learn again about good trading. so in my opinion if we invest in bitcoin or altcoins. if for example there is no profit, do not sell and must be strong to hold. because the purpose of investing is to make a profit, and in my opinion, when investing it is better to use idle money, so that our minds become calm.

You are right. I saw this from one other post here and I think it totally illustrates what the Subject is talking about.
https://i.imgur.com/rJV4QjI.jpg
Most people in crypto today are more "supposedly" traders and not investors. They are looking to make quick money as you said and don't even know how to do that thinking they can buy any crypto and the price will double in a short time but if that didn't happen they panic. I believe that it requires knowledge for you to know what happens in the market and most people don't what to do that, and with market knowledge, you can practice patience which usually pays in the end only if you also INVESTED in the right cryptos.

Some time loss opportunity with coin have already sold price suddenly pump few days later but ever we hold some altcoin for long time but keep going dump. I think the problem with cryptocurrency as investing way depending when first time correct altcoin, what ever investing method with long or short term but when making correct investing I think keep profitable. I have the same experience with you because ever make cut loss on Doge coin still price under $0.06 before few weeks later Doge coin touch all time high price. I lost about $5,000 and I think keep holding Dogecoin and not panic for cut loss I will reach much profit above $120,000.

I've personally experienced it too, but in the end I saw what coin I was investing in. if it's like bitcoin, maybe i will hold it more calmly than i hold the meme coin. and for meme coins I will be calmer if I use a small amount of capital. so for me money management is very influential on our psychology, and that can determine our success in investing, because it can reduce panic

If they understand that the crypto market has a bear market and a bull market, they are not in a rush to make decisions and will always analyze before deciding. And if they are an investor and are already buying at a high price when the price drops sharply, they will not sell the bitcoin at a loss but instead, hold on to the bitcoin while trying to buy more at a low price. This will allow them to buy at a low price and lower their average buying price so that they can sell it if the price goes up high at any time.

Market makers create hypes and panics and newbies are more vulnerable to be affected. Buy highs, sell lows that are newbies mostly do and losers often do in the market.

Not true. You should learn and cut loss at the right time when there are signals for that. Because if you cut loss at right time, you will have chances to buy back at lower price. You will have more amount of the coin you want to invest in.

However, it is not true if what you choose is a bad one. It will fall to zero and developer or scammer team will abandon that project. No rally to the price you buy initially.

It is true. Investing with money you borrow is bad. Especially if you borrow it with high interest, you will have more pressure that can cause stupid decisions.

I have to say that doge is an exception when we are talking about projects. I mean that is a "meme" coin, which means that it goes up and down based on the hype it has. If it has a lot of hype then it will go up, and if it has low hype then it will go down.

This isn't some project where you have to go up based on fundamentals or chart, it is not like bitcoin or ethereum. Elon could tweet about it and make it big again, that is not a serious investment, that is a fun one that you joke around with and if you put your money into something that was made out as a joke, then you are making a big mistake. That is my understanding at least, I wouldn't really consider it a good thing.

At this stage in the Bitcoin timeline, if you HODL, you won't and don't have losses- just check back in a couple/few years.  This is simplest and most effective strategy,  may also save you a lot of stress as well.

Yeah I’m still amazed at the amount of people who first find out about bitcoin but decide that they are going to invest (or more like bet on) an altcoin or altcoins thinking that it is going to be the next bitcoin. People are delusional, not sure what it’s going to take for people to wake up and realize the coin with the most utility, and since day one, is bitcoin.

The thing is that there is no growth opportunity in altcoins but that doesn't mean you cannot gain profits out of them as many have done so by investing at the right moment and withdrawing the funds when it rises to certain level but that's not easy.People see some insane pumps in them and in greed invest life savings in those altcoins based on some paid influencers which is definitely wrong move.If you are new then btc is the best option for you.

Greed has made many people forget the real purpose of investment. According to this google definition "An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset .." With this definition, investment don't give big returns few days after, the assets appreciate and generate income in due time. Nowadays, investors want the quicker and faster way of getting big profits which often end up in regrets because most of those projects offering big profit within few weeks always end up in the whole.

Time and experience should teach us not to trust such projects anymore, people should understand that real investment takes time to yield a positive results, a good look at all the successful companies, organization who has been in operation for a long time explains it all, they say nothing good comes easy.  I have long ago re-evaluate my approach and thinking towards investing in any project.

And I'm not amazed. They saw that 1 bitcoin costs 20k and 1 shitcoin just 1USD so "why not buy 1USD coin? I don't have 20k!" That's the mentality we're dealing with here. People don't think, they don't want to spend time to learn, they want money.

Maybe 20% of all people who invest are "bitcoiners", meaning people who are interested in bitcoin. Those people read the news, sometimes write on forums, have tried different wallets, exchanges, signing messages, paying for goods and services. The other 80% are speculators like traders, fund managers, normal people who heard about it and thought it's a money multiplying scheme. You put 1 dollar in and get 2 dollars a year later. All they care about is the numbers and when these numbers aren't satisfying anymore they complain about broken promises and all that.

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

People are not going the right way, and it is the lack of understanding about the market. Majority of the people, even those in the market in the long term think of making money at the shortest. But they never make use of the opportunity.

Whenever the market turns down and reaches the bottom they don't buy. By that time they fear and stay out of the market. When it bounces everyone will be on the crowd to buy. Here they miss the profit. This is all about the people's mind and not about the market making mistakes.

and moreover, they are investing in the new altcoins, hype altcoins, nonfundamental altcoins, adn mostly shit coins. That is why losses can be very easily got by many people in crypto investment. However, when somebody is investing in new altcoin without any analysis and they become very frustrated because of the dropped market. They will panic and sell all of the coins even n a cheap price. This is actually what the whales want, get opportunity during the market crash and utilize the chance to get more opportunity from the small inestor.

But so to speak that not all people would be having on the same mindset ending up on having the same action that they would do with the market which means that it would be ending up on one path?

It cant be possible as we do talk realistically.Yes, people do really go in the wrong way or path but its just really that a normal cycle yet not all does have the same analysis and behavior that they do have personally.

Losses are inevitable and due to unpredictability of the market then this is something that you couldnt really able to avoid but you should really minimize those errors as much as you could.

No one should blame you if you invest as you wish. That's why it is said that when you get benefit invest never tell anyone but whenever you face loss invest. Why blame others or crypto-currencies for losses you should invest wisely.
That's why I want to make it clear that one should never blame anyone for making discretionary investments, it is completely wrong. So never put any blame on crypto currency.

I agree. People are sometimes just too optimistic. They are implying to themselves that whenever the price is low, investing would be the best option, but it is really not, 'coz analysis should be done first before entering something. If you'll just invest everytime on downfall, there's this tendency that your  losses will just be bigger. There is always a time to enter or exit from your investments. Not to be too optimistic and too pessimistic would be a better mindset. You just have to think more of your next move than to just follow the trend.

Altcoins are still categorized as general, it is not specific which part they take to start, Of course not all Altcoins experience price increases, both in the short and long term.
The question when they enter the Altcoin market? here is the source of the problem

While people who follow bitcoin sometimes have the wrong investment pattern, for example buying at a high price, but using a short-term model, even though bitcoin's condition is in correction, this method will make them lose.

If it's the case of investing bitcoin in the long term, it's hard to get a loss, because bitcoin will find a way to reach ATH, through a long process that occurs.
Maybe one can observe the market from 2017 to 2021, here will find the answer.
Note: If the long-term investment model

Crypto trading is no different than stock trading or FOREX trading. If you don't know what you are doing and you don't have patience and strong hands, you end up losing your capital. I've read statistics claiming that about 85% of stock traders lose their money. Crypto traders should be somewhere around that percentage.


I guess you mean "why they enter the Altcoin market?" The obvious answer is greed and wanting to make big money fast.
This is the recipe for disaster. The people should learn how to walk before they learn how to run.

it is not bad that they invested in altcoins because at some way? altcoins are also profitable but the issue here is why they invested in Altcoins rather than bitcoins? it is because of their greedy attitude and because they wanted to make easy money.

they trusted those coins because of the Idea that this will make them rich in shorter time.


but if they will think deeply? then they will use those scenario as a learning pattern to invest in Bitcoin rather than altcoins.

But the diamond here is very small or very few in number.

Truly the person investing in altcoin is to blame for their own losses. It is not that they are not advised against it on this forum. While most traders lose out some might profit but don't use this as an example.

Similar to any other speculative trading the people making money from it are way smaller than the people losing money. Here comes the realisation that majority of speculative assets are not worth putting money in if you don't have the reserves to back it up.

Bitcoin is currently having a bearish trend, does not mean that altcoins are going to go up. So people need to learn how to analyse the old charts and then be judgemental.

Cryptocurrency really makes it possible to quickly increase your funds, but the truth is that in order to do this you need to have good knowledge in many areas and of course some part of luck must also be present. Bitcoin is reliable, but this way can also be long. Here everyone chooses for himself, for someone more reliable investments are important, for someone it is important to increase your deposit as quickly as possible...

I think it would be better to think and invest before we compromise. Here if we compromise on voter decision then we can launch because we have to think first and later we have to compromise then we have less chance of loss.

I think you are right. People who holds, they are the winners. No doubt about that. But the whales are waiting for the dippest dip to fill their bags. Only then we can see an ATH over 100k

In other words, they themselves are looking for trouble. Like I said, that altcoins will not give maximum profit every time, especially since the market is in a correction condition.
There are certain moments that must be considered before entering the altcoin market, and even then on potential altcoins, because if you expect hype, we will definitely suffer losses.

maybe this will be a lesson for me. So far I've always wanted to make a quick profit. and the way to go is to buy altcoins that are hype. and I think it has a high risk. especially if the chosen altcoin is one that does not have good fundamentals. and most beginners do this.
but I'm lucky to have stopped chasing the hype. and now I prefer to trade in bitcoin. and some altcoins that do have strong fundamentals like Ethereum and BnB. and I gave up my bad habit of thinking that is hoping for big profits in a short time.

You don't seem to have learned your lesson at all. You are going from trading altcoins to trading bitcoin.

You're going to be much better off buying and holding bitcoin, or buying regularly with whatever money you have available. And don't touch it, just hold, the more years the better. About 4-6 years minimum. It's a more boring but much safer way to make a profit.

looks like you're right. Thank you for your advice. I will learn to hold my bitcoins from now on. but to keep it for a long time means I have to use cold money. and you are right it seems I have to set the way of purchase as well. maybe i will buy gradually from now on and hold it specially for bitcoin. but for altcoins I don't dare hold on for long. because I've seen a lot of the top altcoins turn out to fall unexpectedly. thanks again for reminding me.

There is no doubt that if they can wait and hold their bitcoins until the price goes up high and sell them at that point, they are the winners.
But if they don't sell it when the price is high, maybe they can't be said to be the winner because their bitcoin will still be bitcoin and they don't know when they will sell it.
But each person has their decision and it's up to them when to sell their bitcoins.
The price of bitcoin can go up high and reach more than $100k in the future so it's better to keep your bitcoins and wait for the right moment to sell them.

Doesnt matter if its big or small profits as long it would be green then it would be still a profit although it do only differ on scale but thats what it counts and this is where people do really make out other actions

which would really be different to each other.Some does really love to play safe and some do really love to put up some risk.Losses is normal and this is why we are doing out best to lessen it out.
The important thing on here is that you should really be wise on every decisions that you would make even though it wont be that precise but at least you do know on what you are doing.

I don't know why every time people are losing their money on a crypto investment, they will blame crypto. I don't think that this is the fault of crypto, but the mistakes of the people themselves on how they are investing, in what crypto, at what rate, and how long they are investng.
There are many people who invest in cryptocurrency because of the hype and also triggered by FOMO. ANd then after the price drop, they are too late to sell and then lost the money. Or, they are buying Bitcoin in one day, and after 2 days, the price drops, and they considered that they have lost their money. Whereas as we know that when we are investing in Bitcoin, we can use it for long-term investment. That is why we don't need to panic every time the price of Bitcoin drops. That is why long-term investment of Bitcoin is sure enough. However, in fact, many people only need instant profits and always think that crypto investment will give high profits quickly. And eveyr time the market goes down, they will blame crypto. In addition, they are very ready with the profits, but they are not ready and not want the risks.
This si actually based on how they are in the real world, their readiness on something risky ther willing to learn and many more complex things to do.

And it was a need for the impatient people to adjust and adapt to the system otherwise, losses are what was meant to happen to them.
Choosing an investment that we are knowledgeable about is a great advantage but those who love thinking of instant return, quick rich scheme literally suffered losses. I'd see a lot of people doing this and they blame crypto but the truth is that it was their fault. It is necessary to at least have an idea of what we are doing, otherwise.

Bitcoin will reach its peak one day but it is not far away.What you predicted will happen very soon.We may see Bitcoin price 100k very soon. Those of you who have already invested will never be disappointed.Will the market grow or not? I can say that since you bought and invested in Bitcoin, hire a long-term vision.You understand the result of waiting but it will definitely be good. But if you have seen the price of Bitcoin as high as $69k then there is no reason to be disappointed.Of course you can believe that Bitcoin will reach its peak very soon.

I prefer to withdraw profits, even if they are small because I believe the profits can be big if I keep trying.
Maybe people want to take advantage when the price is high so the profit will be even greater.
They should be able to learn to reduce losses, especially if they know that the price will continue to fluctuate and even the price will move so fast.
Yes, we must be wise in making decisions so we don't suffer big losses like others.

It’s a golden on trading to take profit when happy but you can maximize your profitability if you are using fibonacci level to determine the percentage of profit to make your trade efficient rather than using just your emotion on taking profit. I’m always encountering this kind of comment on thread like this but how do you determine if the profit is small or huge?

Many traders are missing a lot profit opportunity for being too cautious without even using indicators. It’s not bad to become cautious but people should understand how to play properly on trading.

There's no way of determining whether its small or huge because whenever the market do make out some turn then you would be giving that a point which you would really be saying that it was the peak
or bottom and this is the time you would make out some conclusion whether you had just made out some good decision on selling or you had just been to early on taking action.
Due to unpredictability of the market then it is really hard to point the precise levels and speaking with tools been used in regarding on that decision making then it would be falling
whether you are relying into those indicators or just simply been following with your own gut or emotion.

We suffered losses not only because we do the wrong things but because of the volatility of the market, this will actually happen, and find no excuse for that. It seems to know that it was acceptable unless the situation is getting worse and even lost many times that is something to say it was not good at all. Some factors are :
- wrong choice of coins
- emotions/panic selling
- knowledge
- being impatient
 
And I was sure that many people/investors had carried these things and no way they can escape from losing their money.

those who are too involved in the crypto altcoin project will probably have the same opinion as the news source.
but for those who entered bitcoin from the beginning, they must have had a different response.

because it is true that altcoins have very high fluctuations. even many of them end up rugfull, scam etc.
That's why it's so hard to find a suitable altcoin to enter as a long-term investment. only a few names to date have continued to display positive charts. like ETH. but still very high volatility.
so I myself do not dare to invest long term in altcoins. I only dare to invest long term in bitcoin. because of this bitcoin gives more than i expected. even when fud continuously attacks bitcoin. but bitcoin is still standing strong and remains number one.

Greed is at the root of everything and everyone wants to get rich as fast as possible.
In addition, they might also invest more in bitcoin, but when bitcoin drops in value in a short period of time and makes them panic and sell them, this will also result in them losing money.
The loss not only happens when investing in altcoins but investing in bitcoin will also make them lose money if they don't understand how bitcoin works and just want to buy and sell them right after to make a profit.

Investing without a proper knowledge of what they are getting into is one of the common reason on why investors are having losses. It's because they buy a coin not knowing if this is the right one or even worthy to hold. Some people who invest in crypto became interested just because they saw an ads about it or through influencers promoting the particular coin saying it's profitable to invest.

The other one is buying at peaked price but cant bear seeing the price moving downward, due to lack of patience, panic selling is their solution on this situation while other investors who have high hopes are disappointed because it's not the scenario that they expected when they invest. Anyway investing is risky thus if you decided to take risk dont expect too much and be prepared. Always remember the saying "good things will come to those who wait" so be patient.

It can be seen from many things in determining whether the profit is small or large.
The most obvious example is when the price gets a pump and makes the price soar suddenly, giving us a big profit.
But if the price increases but is not too high and there is a tendency for the price to fall again, we can sell it at that time and our profit will not be too big.
It will all depend on the state of the market, how the price moves, and how much profit we want.
The important thing is not to be greedy in taking advantage because otherwise, we can lose profit.

A normal thing people can easily catch their eyes with the easy earning of money and for sure many people get encourage to do this at the same time because they want to make their savings more profitable and again the market is volatile and it is all up with your decision to make a hold or sell your assets and of course once the market is currently going down there's a chance that you might get feared and panic selling those holdings you have.

The truth is that most of people that invest in altcoin are always with the mindset of 100x returned on investment which may never be achieved unless on a pump and dump  projects and most of the altcoins are programmed that way but can also crashed to zero price so investors have developed a mindset of selling off whenever the price pump since they have learned from past experienced, that altcoin can hardly recover after any drop in price unless for a few of them like Ethereum who follow closely with Bitcoin market movement.
Take a look at most of the altcoins that have crashed before, altcoin doesn't have the recovery capacity that bitcoin has to recover from any bear season and still make an all-time high.

I think having losses is common among traders. As long as it's bearable, losses are always a lesson but a tragedy when people are not going the right way. There are speculations, fake news, fud etc; are might be a reason. Make sure everything is in your control.

Losses is inevitable no matter how good you are on doing trades or how well you are on positioning yourself on the market you would still able to experience these things.
Thing here is that you should really able to make yourself sustainable so that you you really be that able to survive this unpredictable market.Dont mind other people or traders in the
market because it would really just boggle up your mind on what you should gonna do.Always focus on your goal or target on a particular day or long months
because you are the ones who would really be handling out yourself on this very unpredictable market.

Meaning that not because we invest in Bitcoin we all gonna make a profit. Losses is inevitable and that also lies in our hands as we make a decision differently. We saw some people make rich in crypto, and gain thousand or million dollars, and literally, we ask how? And they probably will answer buy, hold, and sell at high - that seems easy to understand and it was not hard to do. But unfortunately, not all went successfully, many had lost their minds due to panic and impatient.

Everything cannot be in your control but you have to know how to handle everything like as if you are in control. Market ups and downs are a part of the market, it does not mean you are facing a tragedy. While keeping your cool during stress is one thing, dealing with pressure from sudden market movment is another thing.

People make mistakes in this market, those are your chances to pounce on a quick low price buy or a high price sell. These chances will come but you have to be vigilant once you enter the market.

Losses will happen, but take them as lessons and try not to repeat them.

It's about being lucky with that kind of altcoin that we're investing especially if we are participating in a presale campaign. Even private sales campaign won't guarantee you an edge because there are chances that it will go even lower than its price. And worse, most of the private sales has a vesting period.

Yes I agree with you about the "diamond in the dirt" thing regarding altcoins. Been there done that.

Do necessary research and set parameters in every coin we buy even it is presale or already in the market. We can search now if what the project is all about, how it was market and who is the team behind it. We know it is risky to get involved in new coins or altcoins and safer to invest in bitcoin but if we are capable of risking some of our investment in altcoins provided we do research and see that project potential then be it. I have earn some worthy amount before in some altcoins from presale just don't hold it too long, as long as I’m able to gain profit from it I already sold it.

That's why it says "volatile", you may see the price will just randomly exploded for some reasons in just matter of times . People are not ready for this especially in altcoins where they think that they can just let the coins freeze in their wallet without any proper research first. The way they watch their altcoins are totally wrong hence the losses are in their hands.

Let's be real here, most of the presale coins are worth nothing in the future because most of them are just scammers and failed at the end without getting listed in any exchanges. Even though they manage to list it, the price would look really bad in just few days. I'd recommend to just stay away with it, unless you know what to do and sure with whatever risks you face later on.

Those who made successful journey in crypto do not mean that they don't suffer losses at first. Of course they were but they were able to overcome it and stay positive despite of their struggles. If only those investors were patient enough to wait for the best entry and the best exit, and were never tempted to maximize altcoins investment, then its for certain that they mostly reach their expected profits.

Without much agitation as why it should be otherwise, I think most of the cryptocurrency investors that comes to pick up the innovation for an investment forget the fact that, the field have been a decade plus old and although we continue to have more internal innovations, it's best age is long past.
The most you could do to benefit more from its future is to be patient and patience is what these guys lack the most. They invest today and belive they should be rraping in few days or weeks or months as the case maybe be.
The question here is;
Where is the profit expected to come from? Out if the thin air?

Ofcourse from new investors for which thy could be playing the part as well. Its just the what it is.