Bitcoin Forum

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

Yes, following others opinion will make us happy if the result yields profit. If the opinion leads to loss it'll be a big regret. Understanding all these factors it is advisable to follow ones own mind, because in a short any form of changes can happen with the cryptocurrency market.

All the points stated by OP has value, but people have made themselves successful investing with the borrowed money. We can't say this happens with everyone, but it was possible in the past whereas the present market isn't that supportive for investing with borrowed money.

The suggestions made on this subject are very correct.  We should never judge people by their appearance.  someone may have a good background, but in essence, they can be cheaters.  Considering that we are all investors with certain difficulties, we need to do a lot of research before making an investment.  Investments made with rhetoric are open to all kinds of consequences.

Borrowing money to invest is how you leverage your financial power. Borrowing is an investment professional's best friend. It is imperative to have a thorough risk management strategy, though or this "superpower" could transform into a "handicap".

I think point 2 and 3 from your list are the worst. Greed can make someone lose his mind. I know from personal experience. Always have a goal and KEEP YOUR EMOTIONS IN CHECK. I can't emphasize this enough.

That’s coming pretty straight.  ;D
Feels great to see that’s statement because I have fallen for this already. Specifically in trading section! There are horrible threads in that section with big advices. I also keep giving my opinion there but always put it as personal opinion and not the one which one must follow.

However, some of the threads are surely pretty good but of course post implementation of those strategies is far critical to avoid those “bad consequences”.

1. Its dumb to be done but there are actually people who do really consider this as one of their options without even thinking that they are putting themselves into deeper trouble
when things turns out opposite on what they had expected.

2. Part of human being of being greedy and i cant deny that we do already forseen the possible profits that we can make and believing that it would really be an easy
one until the reality will slap up your face and do prove it wrong.When you are experienced then you wont thought of this much.

3. Being dependent is just really a sign of being too lazy to learn up for yourself this is why people do really decide to rely to others when it comes to decisions
but when the time comes that they're done then they will make out self realizations that they are just wasting off their money.

Everyone has the right to his own decisions but I don't think that borrowing money to invest in Bitcoins or anything else isn't good idea. The first rule of investing is that you put the money you don't need. Risk can be too big and crash your ability to handle it so at the end you might find yourself in real problems.

Yes this is a nice topic, what works for me here may not work for you, follow your mind and your opinion. I do noticed that some people here listen to what people say, they do follow people opinions,Is good to follow your opinion and what you think is Possible for you, Look at bitcoin what ever you come up with you do it, anything you think and you realize it ok for you then go ahead, there is no need of following too many opinions from people,and by the end of the day,You talk negative about it because it didn’t work for you. Every one here has different destiny.

As to advise and the way it goes with trade, is better you have a little knowledge about what you are receiving advise for. Trading isn't very easy to understand for a newbie, so having someone advise on it while you don't have basic idea, you can get lost and lose all your capital.

These three factors can really make an investor disappointed. We don't have to borrow money just to invest because investment can wait and if the project we invested doesn't have a good result, we will only lose our own money unlike when we borrow a money we need to pay for nothing. Every entrepreneur really needs to take risk but not this too much risk. Don't let your self have a greedy expectations in reward because if we have that, we will get disappointed since we are expecting for a big reward on that specific project. Total reliance of people's opinion is really one of the most risky thing and I am one of the victim. We can trust people but we should study about the project first before we believe on what they are saying. We should calculate first before we do an act that we will regret if we fail.

1) Investors can actually money in form of fiat or stablecoin to increase his capital if hehase adequate knowledge in crypto trading if the market is in good condition as we are now.
2) With the volatility in nature of cryptocurrency market greedy in the expectations of reward is the last thing an experienced trader will have in mind.

Most of the victims of this mistake are the newbies, those people who are just starting to learn different things. I admit this because of back before when I started to learn cryptocurrency, like buying Bitcoin or other cryptocurrencies, or trading. I really trust other random people on the internet in their own opinion and I ended being REKT.
Learning on our own and being positive in our own opinion is really important, we should learn how to trust our own instinct before other people.

I experienced that too when I was a newbie, I believed on those self-proclaim expert traders and I bought what they said. Without proper knowledge that time, I bought at a risky price and I ended up holding that coin for a long time. Trusting our own opinion is difficult to do because there are many factors that affect it.

Every action has a risk that must be faced, trusting the predictions of others is allowed but not fully held, self-consideration must be learned crypto is important to hold.
do not put eggs in one box select coins, potentially like the top 10 coins, reduce the risk of loss.

That is what I am taking in my heart when I am trading. My friends says the same thing about the behavior when trading. OP has a point about following your own mind because in the end the decision falls back to you whether you want to do it or not.

Actually borrowing money is a good way to raise funds if you do not have enough money to make investment but there is 2 big problem which are: the pressure to make profit and also the skills and the knowledge that are required in order to gain profit in the type of investment that you will do. I think it is better to have enough experiences, right mindset and right skills in order to grow the money that you borrow. In terms of greed,  I think it is normal because we know that the market ia full of greed and fear; I think what is not normal if the greed control us wherein we do not have right mindset and wrong planning.

I will agree to the last mistakes and it is to relying on opinion of others. The strategy that we should follow is the strategy that comes up in our mind, where it can considered as our own conviction. There are always hype in this type of market and we should avoid it especially if we want to prevent huge losses and create profit in the market.

Its not advisable to invest from a borrowed money. When you lose, you'll be responsible to pay that back no matter what happens. And I usually listened to other's predictions and comments. However, I always follows my own instinct. If others know how to read indicators and give their TA, we can also do the same by confirming it with our own.

As we know that being optimistic can help our decisions to be successful. Sometimes, listening to the other's opinion to help you grow is also essential.

IMO, it is more reliable to depend on the market analalysis alone, most of the time. If you will be affected by your emotions, regrets is more likely to follow given the uncertainties with the market behavior. What happens most of the time is that, investors and traders are making assumptions such that "market will keep continue increasing" but due to the nature of volatility, most of the time patterns are not working. Doubts are just normal but avoid making risky actions. Trends are somewhat beneficial if you are a trader, but due to inconsistencies, not all trends will generate profit. Mind or feelings will not be enough. Market analysis will also be lacking. Combination of these three with luck, will do it.

I am not totally against taking loans for making investment. As long as the person taking the loan is capable of paying back ( if he wouldn't be able to do so, i doubt anyone would be willing to lend him any money. Even if someone does give out a huge amount without any collateral,  the lender is to be blamed for making such mistake), there is nothing wrong. I mean people take thousands of dollar as loan from banks to start a business. It's  not like the person is going to gamble with those money.
I agree with the rest of your points though.  People shouldn't get greedy and rely on peoples opinion.  People will always tend to be biased towards coins they have invested in no matter how shitty that coin is.

+ Always make your own research and read a white paper before making an investment.

Exactly, Many wonder it as a lottery but they need to understand this is entirely different. Borrowing money, lending for interest, loans etc guys kindly ignore it I am strictly against it because crypto is extremely risky, Invest with what you have and patience is key for making money here and obviously sharing opinions are valuable but make sure you invest according to your knowledge and mindset.

This will just be a mistake if you borrowed the money and then invest it into something that has a high risk like borrowing in money to invest in HYIP's or borrowing money to invest into a company that promises to give a guaranteed X% interest which is we know ending up being a scam.

Borrowing money and investing it into something that you're knowledgeable with is considered a good debt. You borrowed money and invested it into a business and you're a businessman then you know how to grow the money you borrowed.

There is no benefits in becoming greedy. Learn to be contented in whatever you have especially in rewards.

This is where proper research comes in.
There is nothing wrong in asking to other people especially expert ones but relying on them is truly a bad mistake. At least make your own research.

I never tried the first one even if I think that the investment would really give me a huge profit I know the risk in investment so I wouldn't try to put other money at risk.
I wouldn't be honest if I would say that I didn't expect any reward in investment there are times that I would count my profit even if I don't even have it yet.
And for the third I never did rely on people's opinion that is why I am still here in crypto because right from the start I have so many friends and even family members who thinks that I am just wasting my time on crypto.

The most stupid decision for any investor to be taken is to borrow money for investment having read reviews, predictions from different sources like opinions however how reliable is their opinion? does the prediction or speculation has a proof to back up such an opinion? such an investment, of course its very risky to follow people's opinions verbatim without any personal research and findings, when such an investment failed automatically the investor becomes bankrupt.

I won't suggest anyone to invest in crypto with borrowed money. And I think not so much people do this. Taking other people decision might helpful but don't make your full investment plan base on other people's opinion. Listen to them who are experienced enough. Following mind choice isn't enough. Make your decision by observing and analyzing the crypto market.

It seems to me that this forum topic should be in the Trading Discussion forum.
Investing your money based on other people's predictions and opinions is pure gambling.
I will have to correct you about something.It is NEVER good to listen to people's opinions.It doesn't matter how smart they sound.You should remember that opinion doesn't mean knowledge.
Like Lao Tsu said "If your life is based on what other people think about you,then you become their slave."
If we change "what other people think about you" with "what other people think about trading and investing",then you know what I mean. ;D

This is not totally bad if you have the money to pay it back even you lose from investment, but if you don't have then never loan just to invest, you know how risky investment is and there is no assurance that you may earn a lot of money from that so better to use your own money. Imagine if you lose from investment and you are still obliged to pay your loan, that is so bad, you will lose a huge amount of money from that.

Don't invest if you don't have enough or extra money, investment is not good for those people who don't have any work to sustain their needs because what if you lose then you would not have something to offer o your family, you'll end up hungry and empty money. Don't take a risk if you still cant sustain your basic needs.

I used to be very violent and eager to quickly double my money. and finally I got into crypto but the first thing I got was not a sweet thing, but a bitter thing. I invested in a Scam project and until now I lost my money and I really regret this. Since then, my mind has opened and encouraged me to continue learning so as not to be fooled again.

I don't see any mistake here with borrowing to invest. The important thing is if you understand the investment you want to make. Agreed that cryptocurrency is not a certain kind of profit because it can't be predicted rightly but you can still try. You can borrow little so that you don't run into bigger financial problem when you lose the money.

Are there people who's actually following baseless predictions that has been pulled out of thin air?
I believe crypto twitter has been flooded with such kind of baseless predictions, and I don't know If people are actually following these.

The most common mistake of a crypto investors is doubting Bitcoin and not buying while the price was low and then regret on the latter. This mistake has never aged lol.

A lot of tearful stories have been heard lately. People who do not understand either cryptocurrencies or the market itself, but simply trusting their money to advertise or hundreds of analysts, very often have big losses. In my opinion, to be a successful investor, you must first know this direction. And constantly maintain and improve this knowledge, and only then invest in any assets. But at the same time, you need to understand that you should always be guided by the fact that your deposits have the amount that it is not scary to lose.

I really do not think it is a wise idea to borrow money to invest in crypto, this market is highly volatile and unpredictable,  what happens if the project you invest on turns out to be a scam, all your investment just went down the drain and you have no other means of paying back! That will be a bumper, better to invest what you have no matter how little it is, "a drop of water makes an ocean" just nurture your little investment to maturity.

For me there is nothing wrong with borrowing money to invest or to trade for as long as you know your responsibility as a borrower and especially you should know how to control yourself so that you are not dazzled by your greed for what you will be earning for ,sometimes this will lead you to losing your money. The numbers 2 and 3 are related, sometimes others have predictions that are very nice and enticing to listen that is why we are attracted and believe in their predictions and hoping that we will earn huge profit but what happens is the opposite of its predictions, and it's end up losing.

Borrowing money violates the rule of investing what one can afford to lose very seriously. As for expectations, I think that one should analyze how the price changed in the past and set up a realistic goal for cashing out.
And as for the third point, I think people tend to follow the opinions of others to blame others and relieve themselves if responsibility. They have the right to do that, but I agree that it's not a good choice.

Many people want to get rich quick from Bitcoin and make the mistake of using borrowed money for investment. In the end the market
didn't go according to plan, the price of Bitcoin went down, we couldn't pay the debt. Invest money that we can afford to lose is what it
has to do, and don't expect to get rich from Bitcoin instantly. And greed is a thing that belongs to humans, therefore control our greed
so as not to miss the opportunity to make a profit. The last one follows other people's opinions, which are not necessarily accurate predictions,
so avoid joining the trading signal group. Believe in your own abilities and thoughts in trading, if not a problem our analysis is wrong,
we can learn from every mistake we make.

Exactly. Some people easily believe to anybody else that is why they tend to be fooled and terribly failed in the end. I also don't like the idea of borrowing money just to put up an investment. I will rather use my own money if possible and carefully study the market movement, listen to other few opinions and then follow my gotfeel, my mind, so whatever maybe the result with my own actions, there is no one to blame of. I, myself will be accountable with my own decisions and deeds.

Many novice investors have no choice - they are forced to be guided in their decision-making by the opinions of outside experts, since their personal level of understanding is at a much lower level. Therefore, this theme will applies only to those who are able to draw conclusions on their own and to a large extent adequately understand the issues of cryptocurrency projects.

Among the three listed above it is quite not possible that some of us could come to its mind to borrow money for investment. Here in our country, borrowing money were became a nature of one's life though i never did it for once in my life. Second greedy expectations in reward for me it is not also impossible each and everyone were hoping for a good pay rewards not that greedy mode but the amount of payment that was worth to your effort. And third thing, reliance of people's opinion, we have our own kind of strategic plan when it comes to investment. Theirs are only opinion, its all up to us if we were going to adopt their suggestions.

You nailed it mate! Straight to the point! I always follow my own instincts rather than listening to the opinions of others (despite some of them are good, but not perfect). And also, we need to start managing our risks well (both time and money) and let our emotions and perspective be stronger in case your coin or token goes down. If I wanna borrow money, it's not a good idea to make it for crypto investing purpose (because it's considered high risk) and you struggle returning it back if the market goes down and may not recover anytime soon.

Borrowing money, not really a good idea, if we do that, it shows we are newbie in investing and we don't really understand how unpredictable the market is. When you borrow money, the interest is fix but there is no assurance that you investment will succeed, so that's really the thing that everyone should avoid.

About listening to other people's opinion or call, not really a big deal to me as I also do it from time to time, and sometimes they are right, sometimes they are wrong, but in the end I should be the one to make a decision, otherwise, I'm just blindly investing.

Only stupid people will do this,never that i put this in mind and this is really insane idea.
This is the reason why many lose in trading because of their looking for too much rewards while the truth is small amount is enough than losing.
well opinions are opinions it is our decision that matters,analyzing everything that come around will always the best security to use.

Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.

But above all, and before we've planned to make investment see to it that we have been equipped enough,
*capital
*knowledge

It is very hard to start investing if you don't have enough money to start. Borrowing from others is not a bad idea but mostly a reason also that causes your failure. Better to start that everything is prepared and so no other thing that will distract you.

What is wrong with borrowing money to invest? I think that is a great opportunity to widen your capital and start bigger. Unless you don't know what you are doing. It is not that great if you are gambling but I think in terms of borrowing someone's money to invest maybe into crypto currencies or other assets, I think it is not that bad.

Let me touch briefly on the itemized points:
1. I don't think it's an issue borrowing money to invest in trading or any project. That's if one knows what one is doing. However, my caveat here is that no one should get a loan from the bank to invest. Borrowing from friends or relatives is better than going to the loan sharks. I have my reasons for this.
2. Human wants are insatiable. So, I don't think any reward expectations are greedy. After all, what is much to one may be less to another. But I like taking profit above X 10 on my investments.
3. This third item is subject to different individual expectations and I solely believe that it's for that reason that we all have mentors in life. Mentors are those whose ways of life and business modules we imitate. "It is better you follow your mind during investment and bear the consequencies thereafter." While I understand what you meant by the bolded, I strongly caution that same wasn't for noob investors or traders. There's always a learning process. No one was born an expert. We grow by learning from others — and from our mistakes too.

Borrowing money is not wrong, but most people who are playing gambling will use that money to continue playing gambling without thinking about how they will repay that money. As long as they can spend that money on gambling, they will play many gambling games and try to win the games. But if he uses that borrowing money to invest, that will be different because he can profit from borrowing money, and I am sure he can repay that money.

Well I'm not against with borrowing money to invest as long a person should know his responsibility to payback in time. Even though there is a huge risks the person should know indeed what kind of investment he is in. Investment is not easy and it is more challenging because we might not know what may the outcomes so sufficient knowledge is very important.

You are not far from the truth....
-Borrowing money to invest in crypto is one of the biggest mistake anyone can make especially when you are not very sure where to get the fund to repay the money back when things go south,

-Am also guilty of greedy expectations, sometimes we as investors expect so much from a project,  we expect the price to do x10 and even when we see a reasonable profit we refuse to take it, and then we may end up regretting our action,

-this is totally a wrong approach interms of investment, it is always better to have your own opinion which is why it is advisable to do your own research before making an attempt, we should learn to make our own decision, i.e collect different opinions and then make your own choice, sometimes people can be wrong and it will cost you.

Yeah I consider these topic very important for all. In time of investing it’s important to seek for advice from others. There are few assumptions or rather predictions that end up in success and great outcome. Like the saying goes “ No man is an inland “ meaning man will always seek from advice or help from others when venturing into something new. Seeking for advice or others opinion isn’t bad, all you need is to be sure of the person you’re seeking advice from.

A few questions to ask yourself. Is these person really experienced in the field you want advice from? and many more important questions to ask. Well it’s also important to follow your heart and get it done.

Barrowing money from someone else to invest in your trading or other business could turn into a worst nightmare. specially in crypto trading where the risk factor is 50% or higher sometime.  in real life it is very common in some countries for business. most business take loan from banks to start their business. I would never do that in real life or in cryptocurrency field either. because if you loose others money in your investments you can force huge  consequences. 2nd and third option are natural. we need to control them but if we fell for them we'll loose our own money and we won't face any other risks.

This only applies to people who have great luck. And this luck cannot be duplicated. We have to find our own path of success by learning a lot, trying a lot, so that we will get the best strategy according to our abilities. If it fails, then do the analysis so that there are no mistakes in the next step.

Being involved with the crypto world does require a lot of learning, it can't be just with enthusiasm. Knowledge is very important so you don't get caught by scams and losses. Crypto is also high risk so use cold money only, which you can accept the loss.

Experience will teach us many things in life not only in crypto. And that will take time and circumstances to learn things that are needed to combat what is presented in our lives. This will also give us wisdom on how to decide things that matter to us. One should really follow his own self because no one is responsible to your actions but yourself.

I get the point but I think that's not how things work in this industry. Following one's though before doing an action is indeed correct, but atleast have a basis. For an instance, an investor suddenly invested in a crypto because he thought its platform will be having further developments and investing early into it will be advantageous. But the price fell in an instant because other people did not feel the samething towards that crypto. But action is already made perhaps in this situation. Who's to blame? Ofcourse, no one but you should learn from that instance. Reality will not always be depending on your expectations.

I have followed people's opinion and end up in regrets. I have since then always rely on my own assessment and be responsible for my own choices and not somebody's else.

I agree it's only mind game stage.there is neccessary to get much more knowledge about crypto  currency. This platform is used for concentration of our mindabout investment to get good earnings. I think without knowledge investment wii be get loss.so again l advised to the investors think before the investment.

Reliance on other people's opinions will give painful regrets. I tried to rely on other's opinions before because I'm not good at trading analysis. The feeling of losing to someone's opinion on trading is very different from losing on your own. I really blame myself for relying on others instead of learning it on my own. Since then, I didn't rely on others' opinions without relying on my trading knowledge.

I am sure that many people have the same experience as you because when we don't have many trading skills, we will search for other people's guides, and that can make use follow their analysis without research by ourselves. But after we have more experience by following the others, we should realize that we need to learn more in trading so we can improve our skills and analyze better.

We don't need to blame ourselves because that is normal to have that experience. But we need to use our time to learn more about trading, and we don't have to depend on other people's analysis to decide.

Create a set goal for investment and the price levels around which you are ready to sell it. Once it achieves or near that mark sell it and book profits. Unless 100% sure of the price rise is around and do not have money then only borrow a limited amount else its best if can be avoided as in crypto anything could happen due to volatility.

nope this is red flag for me,I will never lend a money for my investment not unless it is to recover my existing Business in which i didthis last pandemic season.
all of us are entitled to look for good reward but not too much that almost impossible to happen.
Why not just believe your instinct and your decisions?
Don't listen to them just read their comments and suggestion but in the end make your own.

Me too, I don't recommend to lend some money for gambling or investment purposes because you can lose a great amount if you lose a certain game or the project you invested in is not legit. It is much better if you have your own money for playing gambling or investing into a particular project. Atleast you don't have to pay for the money you lend.

1. Borrowing money to invest is a big No for me. One runs the risk of running into a debt if such investment fails. I believe it's better to invest one's money no matter how little it maybe

2. I've come to realize that greed, in a human, is inherent just like fear and angry and ought to be mastered and controlled. One runs the risk all in an investment when one is too greedy

3. Sure it's great to consider people's opinion but many times, the heart or mind is right and should be followed. Personally, I like making my own decisions and taking responsibility for whatever consequences they come with.

If we keep that kind of attitude, no wonder that we never improve but just dying the same. We can't deny that there are a lot of people, traders who are doing the same, they are using other's time and skills for the benefits of their own but the result is that it won't sharpen their minds about trading.

Nothing bad about relying on someone, asking ideas to others but we should have to make our own decision as well. We need to practice standing by our own feet and to know how effective we are, and to know also how capable we are in regards to trading.

The first is such a big mistake and regrettable for me if we just borrow some money for investment because we are not sure with everything about investment, whether it will become more profitable or we failed in the end. Second, is not really a good attitude in all aspects. People should learn how to manage expectations to avoid disappointments. And the third one is very common, which i usually applied in my personal life...however, I believe this is not a good habit to rely on others opinions and that it should be right to follow what our heart and mind tells us, so that we will never regrets and blame others in the end. You are very much right, we need to follow our mind in everything that we need to do.

After reading OP subject this Sun Tzu quote came to my mind: Know yourself and you will win all battles.
The art of knowing how to behave and act in any situation is the greatest achievement for a man and you can easily apply those teachings to what is being said in this thread.
One needs strategy and tactics to swim into this stormy ocean. Let's take the "borrowing to invest" as an example: I know some who made a fortune borrowing money and others who went into disgrace. It's a matter of balancing your goals with your means and no answer is the same for everyone. Always do some proper research before doing anything stupid and you may not regret it along the way.

never do this please in terms of investing because you are not only risking your self but also others because those are their Money that you are betting and not yours
This is also my problem in past when the Bull market happens in 2017 when i desire for too much income while the truth is i only have,until the fall happen and i am stocked.
try to use them as your weapon not to become a victim but not to totally take it,because sometimes our instincts will also save us.

There is nothing more important than doing our own research especially when we aim to invest in cryptocurrency.  It is good to look at the opinion of others but only listen to those who give good pointers and not just to anyone who utters assumptions without any basis.  At the end of the day, it is us who will suffer if we listen without weighing facts and doing research on things.

There are members on the Bitcointalk forum who are very good at predicting the price of bitcoins.

If you read the posts of these people for several years, you will see that their predictions are very accurate.  I have a list of such people.  I know their weaknesses.  For example, one is good at predicting when the market is bullish, the other when the market is bearish.  I consult with them. 

However, I make all investment decisions myself.

Exactly and this will prove your attitude in certain things if you cannot handle your desire while the truth is you have no Money to invest or play.
Better Wait for your turn and work for it than risking money you don't really earn.
and also when investing this is the character of people that we can realize what we are doing specially if you have already experienced losses and you want to try it again with Amount coming from other people.
Lets stop this behavior and be responsible in every investing even not inside this volatile market.

I agree with you that total reliance on people what and where to invest is the gravest mistake you can do when investing, there are a lot of trap here, there are people who advice you to buy this coin because they are bag holders of this coin, or they part of the development team of that coin or they get a commission if you buy it.

It's ok to listen but following all their advice is what they will lead you in trouble, and you will seen found that your decision is what matter most, and sad to say many investors found this out after they lose a lot of money.

You see, all three problems mentioned by the OP are common problems faced by majority of the traders. It's more like a gambler who knows what gambling is and yet goes to borrow money to gamble. And then having the greediest expectation forgetting that there's a tendency of things going wrong. If you try warning them, they won't listen. They just do their own thing and most times end up with much failure. Just ask around or observe. The average trader who is doing well doesn't have any of these three characters. My advice to new traders entering the market -> Avoid the above 3 characters and you're good for trade. They are the major reasons traders fail.

Predictions are just subjective opinions of the users if I would be asked. Good thing those predictions are working but I guess those are all coincidence. There's no consistencies and that is enough to tell that there is no pattern in this industry. One could give a guess of what will happen next but to be certain of something is impossible. Listening to other people is not prohibited, depending on your decisions is also not. But at the end of the day, no matter what you believe or to where will you depend your actions, be sure to have no regrets because that will lead you to nothing.

If you follow your mind then you are going to end up making the same mistakes that you have liste,. In bitcoin and all digital currencies you have to follow a plan that you have set up after careful thinking and not just doing what your mind tells you. There Is so much to bitcoin and one of those things is that it is very easy to lose a lot of you are not focused on what matters. You need to be goal driven and not mind driven. As much as you are going to sue your mind to make the goal and plans, you should not always stick to what your mind tells you because it may lead you to make a lot of mistakes such as being greedy that you have mentioned.

Making a plan, analyzing before decide can help you to make a good decision. But sometimes, intuitions can be the final decision, which can help you to get the right sign to buy or sell in the current situations. But if you can not analyze better and only depend on your intuitions, that won't help you because your decision is not based on what you analyze.

You have expressed a very important idea.☺

 Is it possible to predict the price in the market?  I think yes.  The price rises and then falls.  An analogy is a sea wave or a change of seasons. An experienced trader can predict changes in the price of a financial asset.  Just like a sailor can forecast a storm.  Forecasters predict the weather ...

In addition, there are manipulators in the cryptocurrency market.  An experienced trader sees these manipulations.  Solves these puzzles.  

Experience in cryptocurrency markets makes it possible to make a profit.  

There are not many experienced traders.  However, they can be found.

Even though there is no investment that does not involve risk, just that the risk is lower than another, if you have another constant source of income to pay for borrowed money in case of disappointment that's still good. I consider the market fluctuations which we cannot control to say It would be dangerous to borrow money and lose in wrong investment or miss agreed time of payment.

Of course you don't need to fully follow others opinions, you are reading opinions for you to assess it and find your own decision. It's like doing research, if you are not confident with the knowledge you have, then try reading or searching from others knowledge, perspective, opinion. That's how you assess opinion, you don't have to follow it, if you fully follow it without even understanding it, then it's your fault, not the person you get it from. You have to own every decision you make in life, in investing and etc. We are given the mind and the free thinking for us to use it, so don't blame someone who expresses there opinion. It's your fault because you follow it and decided to make it as your own opinion. 

-Borrowing money is not a good practice when investing in cryptocurrency since losing your investment would just make it worst, but if you already have funds at then still loaning money to invest is a different story.'

-Being greedy is just the number one problem that every newbie should overcome and realize that earning is profit is not easy.

-It's kinda normal to depend on someone's opinion, I mean we kinda take everyone's opinion here in the forum depending on their rank. But the decision is still on us, the market is still a gamble so someone's opinion could be a jackpot and sometimes not. No one literary fully depends on someone's opinions if they are only one person telling you about it, it is more like the more people the higher chances.

Borrowing money will mess up your investment plan, this happens because there is no guarantee that investing in Bitcoin will work.
So avoid investing using borrowing money, just use the money we do have today. No matter the amount is small, as long as our strategy
and knowledge is good. Small capital can be big.

Regarding greedy, that are difficult for us to avoid, especially if we manage to get profits several times, it will increase our greed.
We will never be satisfied no matter how much profit we make. Without us knowing it, we will always want even greater profits.
Greedy must be avoided by controlling emotions when investing.

Finally, don't follow other people's opinions without analyzing them, we must believe in our own abilities. Because most people give advice
or opinions only for their own interests. So just follow the results of the analysis that we did ourselves. This is much more profitable than
following other people's opinions.

Thats why its important to understand what you're getting into before investing your money.

Gain knowledge first, the basic thing that we must do in order to understand the nature of crypto.

Stop relying on other investor's prediction because no matter how good it is as long as there's no concrete basis to believe that then it will not gonna happen.

that would be a very good thing if we could follow some experts advice and see their prediction about bitcoin's upcoming price drop and increase.
can you share the list of members and their posts with us here or send via PM,  I would really like to see what are they predicting about bitcoin. because for me. Bitcoin always been unpredictable. I thought something else an happened something else.

All of the above methods are capable of bringing us profits, even though the rate is low. I also know some friends who got rich after getting investment advice from others.
Investing in a loan is also a way to increase their money, they must have the ability to control the risk of their loan and investment.
Investing always has risks in it and we need to accept those risks regardless of any factors affecting your investment.

Every investors want to make profit not loss in their investment. Sometimes listen to people advise can help you to achieve your goal and it can also make you lose your money. business is all about risk either it favour you or don't favour you at the moment of the transaction.
Many has borrowed to invest and they are doing well today because they have knowledge of investment. They have more experience concerning the project they are invest to which it will hard them to lose their profit. Leaning from others mistake will make you to make a right decision.

Your first 2 points are very helpful. When a lot of people see more profit in something, They are blinded by greed And find a way to invest. If they have something, they apply, Otherwise they are forced to borrow from someone. Because they don't know how to invest they lose all your investment So first think for yourself what you want to do without getting into other people's words.
Because greed is evil

You can't just rely on these people's allegations even if they're really "good" at it. Despite bitcoin's high volatility rate, we can't just rely on hocus pocus predictions you know. Might as well ask them what their secret is, and then have these tips be incorporated in each and everyone's investment plans so we all know when to sell and when to buy or hodl.

Well, hearing advice from others are worth listening if that is a pro-crypto but if that person you've ask is against crypto, you've heard disagreement and cofusion. That even we are open to hearing advice, we still need to picture out what could be the best because at the end of the day we are one that suffer the consequences. The same thing that if someone tells you about borrowing capital for investment. Not really a bad idea nor it was good, just be sure that everything you got will put into investment. Because sometimes it happens that some of it have gone lost because of bad money management habit.

I follow with my mind when trading but always analyze with the coin what happen later up or down, now I focus with future trading because very easy how to get profit and always get chance how ever market situation dump or pump. Spot only get profit when bitcoin or altcoin have higher price and when bitcoin down we must waiting when bitcoin and altcoin back to lower price. You can get profit when bitcoin down with short future trade and take long when bitcoin back to higher price, you have chance when bitcoin and altcoin going on two way up or down.

You have a point! Don't just rely on someone opinion because they might may wrong and your own opinion is right. Yes, invest at your own risk with your own analysis so that you will not blame anyone if you lose. Own experience is the best learning method you can rely on.

Borrowing money to invest is not my thing, although it can be a good thing when your investment is doing good, it's still too risky for me. As for number three, it's okay to take or look for other opinions but don't just rely on it. Instead, use their opinions as your basis when deciding on an investment. Actually, I prefer looking at a lot of opinions from other people to see their points, but I always make my research because it's my investment, when I lose, it's my responsibility, not theirs.

Relying your decisions on other's opinions might put your future and that includes your investments. We can't rely everything on what we hear and what we read except for trusted and reputable people who know more about the crypto world. We should balance the pros and cons of the advice that we hear or read. In some situations, our own instincts work better.

Indeed. Dont listen to anyone unless they have some reputation. And dont forget to learn to analyze everything by yourself. When it comes, you find that understand how to analyzing market is absolutely useful. Many of my friends invest their money blindly and follow some nonsense random guys on the internet. It really pisses me off but I cant do anything. They not even care a single word of mine even though I pull out a lot of knowledge and research which I take many days and month to make

Well, not all people who investing cryptocurrency is wise. And I have learnt to accept the fact. Right now, I only care about myself and my family. Giving advice only brings anger to me

The dependency of an individual to other people to think that he can always be reliant on them at all times will leave you having no growth and learning on your own for you will not be able to be a good investor on being like that because you just depend on what other people will say and do and just obey and follow their path and will not make your own decision. First thing if you wanted to be an investor, better know that you must have your own money or capital for starting. As much as possible do not let yourself be dependent at first place for it is a lot more pressure and risk staking other people's money that you have no assurance when or how you can pay back. Also, do not listen to other people's opinions regarding on what to do to your investment. You have your own mind to decide. Better balance the thinking and do not let your emotions drive your decisions.

I agree with you, following other people's opinions is not a good choice in the crypto world.  I think analyzing crypto volatility with my own technique is a very good choice.  but I am also interested in your statement on point 1. and I did that.  I have benefited from my investment, and my debt to the bank has been paid off.

I always tell people to follow their own opinions and do their own research. FOMO and greed can be really destructive when you're a new investor.

The things you can sometimes read on the forum, like newbies telling others to buy this or that new shitcoin or people telling others to buy all top 10 CMC coins because if they are high they have to be good.

As for the borrowing. If you're a good trader and were successful making money with what you have, it's not a bad idea to borrow.

I don't consider on getting up some loan just for you to invest or make with trade because with this it isn't an assurance that you would able to repay such loan in a span of time.

When it come to research then it is someone's responsibility on doing such job.If he decide to make some investment then its just right for you to make necessary information
neither if its worth or not.

Don't easily get distracted with others decisions and speculation. Always verify and do on your own but it isn't really bad to look for others idea too.

numbers 1 2 and 3 can be your ally if all goes to the plan . 1 is  okay to borrow a loan if the loaned money has a good destination . 2 being greedy for reward , this can be applied to number 1 , you loan money so that you can have a bigger capital to earn more  . and last number 3 , its okay to listen on the legit professional that has an experience on this field . when you finish learning from them , you can now then apply all the three numbers all together to be a succesful crypto businessman . after that , you can now stand on your own and you can now suggest these 3 useful advice to others

That greedy expectations part is like a normal for most investors lol, when you invest you will usually be hoping that the market goes up and you make profit. That’s why you will see a lot of people coming to ask for analysis that will show them when bull run will repeat itself again.

But you see the part of taking loans to invest in cryptocurrencies? That’s the worst idea anyone can ever have. Even saw someone that was advising his friend who is a crypto trader to take a loan from bank so that he invest huge money in crypto and trade and get huge profit. That’s a very bad idea.

if you want to do something and you believe in it, you better do it. the regret from doing it, is much better than the regret from not doing it. Also, listening to other people's voice and Idea is good but it should not totally change your mind, and you should always think about who you are talking to.
i certainly cannot talk about BTC with a person who has no idea about it but is expert in science and math.

I don't consider borrowing some money for investment as a mistake. People who borrows money wants to make a huge step in their life. Borrowing money from friends or relatives is not a bad idea, the bad thing about this is if you will not pay back to them. And when it comes to relying on other's opinion, ofcourse we should not always be dependent on what others may say. We should make our own decision especially when it comes to investing on cryptocurrency. Your mind should be the leader and not what others think.

Hoping to catch up and ride with the right train, that's normal. Everyone wants to ride with the trend and not be leave behind, but most of
the time that same intentions puts you at risk and lose your money.

Always have good plans before taking any step. It will only allow you to move forward once you already build a good foundation, learn and never to stop.

It's not if you don't have that skills and you are not really a risk taker. Some can handle this and take it challenging their knowledge and achieve but not all can do the same so better to think deeper before dealing with it.

true, it is okay to ask for a viewpoint on something that may not be clear and we do not know, but all the final decisions are on oneself, of course.

the matter of borrowing and lending is a common phenomenon that occurs to everyone and will be experienced by anyone even though he is a big businessman, the most important thing is that we will use the loan to improve the economy by advancing business or needs that can produce good returns, not just for waste. all of course will be carefully thought out before taking the steps to be taken so as not to confuse later.

Are you for real? You never have an assurance with anything you do.

You start a business. What assurance do you have that this business will succeed?
You go to bed at night. What assurance do you have that you'll wake up in the morning?
You buy Bitcoin. What assurance do you have that there won't be a dump tomorrow?

As long as you are a confident trader you can minimize the risk of trading borrowed money.

All points mentioned in the opening post such as borrowing money, greedy and following other people's opinions is a mistake
that many investors make. I've also done these 3 things and indeed ended up losing money and regretting it too. Bitcoin investment
has to follow ourselves, of course we have to believe in our own abilities. Therefore, never stop learning to analyze the market,
if we can analyze the market correctly it is easy to make a profit from investing in Bitcoin.

I based my investment in people's opinion in Bitcoin, if it weren't for this people then i wouldn't invested in it, at first i was hesitant to it. But when Crypto influencers and also Bitcointalk members have a detailed explanation, on how i think works and how the current financial institutions is disrupting our money. Then i've realized that it will become more valuable in the future especially when the time of crisis comes. Such as this pandemic.

My point is, its not bad to follow people's opinion as long. As its logical and reasonable to do so.

Using a loan to invest in crypto is too risky and it is better to think a few times before doing it.

Think over and over again, it's risky though but there are people who are really willing to take that risk as their approach is like a gambling. As long as you can afford to pay the loan in due time, then I don't think it will become a problem, though we say it's too risky.