Bitcoin Forum

Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows:

1) People think Bitcoin as tool to become rich overnight

The main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 


2) People ignore the volatility factor and past Crashes

Many new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement:


When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future.

3) Whales manipulation and FUD

This is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.

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WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT.

The main reason is greed and stupidity combined with more money than brains.

The point number 2 and 3 I guess are those of the reasons some of the newbies losses in the market. They ignore the reality that price could go down and when it crashes already they panic and sold even they are on a loss. Whale manipulations are the worst cause they can easily influence the decision of these newcomers on the market. One swing or pulling of the price and their get scared right away.

Newbies should understand all those factors and be calm cause if they let their emotions tremble they they will lose here.

IMO most of newbies doesn't really loss if they invest in Bitcoin, because most of them loss since they choose unknown and scam shitcoin. Probably there's still person loss 50-60% of their investment right now if he buy it on the peak $60K+ and keep holding. But there's nothing to worry if he doesn't need that money, he could holding until the price back to $60K+.

Aside from 3 point above, most of newbies loss because of :
1. Using scam/fake exchange and wallet.
2. Got trapped in ponzi and pyramid scheme.
3. Bored of his investment doesn't earn fast profit, so they decide to trading without skill.

I think the number 1 and 2 are the likely reasons why newbies experience loss when they first get into crypto. I think that the number 1 is the biggest of them all because the greed of the people is what sometimes begets their downfall.

Most people here are affected by the number 3 even a non-newbie, once the price dumps some are in panic and thinking will get a huge lost if will not sell, so they will to prevent that huge lost and will buy buck after some time.

Also, in addition, because of greed and lack of knowledge, there are still a fraction who get lost due to scams believing such money making scheme will make them rich.

Not your keys, not your coins. https://notyourkeys.org/

They store their bitcoin on exchanges, and skip the fact that they don't have private keys.
They don't mind to learn about non-custodial wallet. Recommended wallets (https://www.lopp.net/bitcoin-information/recommended-wallets.html)
They don't secure their asset, ignore all basic recommendation about security, privacy. Good topics on security and privacy (https://bitcointalk.org/index.php?topic=5239098.msg54186093#msg54186093)

They don't know what they are doing, trading, investing or gambling.

lolYes, you are right, I am the newcomer you said.
When I first bought Bitcoin, I never thought it would fall by 50% within two days.

The panic made me hurriedly sell all my bitcoins. This time I lost half of my funds.

But it doesnt mean that bitcoin will totally fall straight. There are times there is a reversal and thats the time you should sell your coin when the current price is above your buying price. Usually this is the easiest way on how to profit. You shouldnt be scared when your asset becomes negative, you only loss if you sell it at a loss anf thats happened right? Maybe next time you learn to hold if you encounter a situation like that again.

I think new investors should understand supply and demand first. And it is not enough because there is an event called halving in bitcoin mining. In my opinion new investors should learn to understand the factors that can make bitcoin prise rise and fall, so they know where to open position in trading. It seems that many newbies are easily being panicked. I think atleast if they hold until bullish market come then they will not loss.

The main reason is people's ignorance of investment, you can make a profit from bitcoin by waiting, but how long can you wait without needing money? It is the means that will determine the amount of profits that you may achieve.

Beginners come from the motive of making a quick profit and therefore their hands are light and they will sell whenever they get the opportunity to do so.

The amount of money is not important as much as the time. An investment of 1 dollar is not considered a loss, but if it was made several years ago, it represents millions now.

Ignorance basically. It's like entering a gunshop (or any other shop for that matter), and going up to the shopkeeper asking for the "best" item they have, and then blindly believing whatever they say. They never bothered identifying what the shop really is about, and is just of mind that if they can resell the best item, they'd probably get higher profits kind of mentality. Man, if everything was only that easy no? Sadly the world isn't a single-player game, it's a multi-player one, and most of the time, it's 1 vs the world.

it is very real that those with a lot of money and without experience lose a lot when investing in Bitcoin...

Bitcoin never makes someone rich overnight if that person is a newbie in Bitcoin. Bitcoin is a long-term investment, not an overnight money maker.

Losing is not just tied to newbies along and as a matter of fact some newbies tend to hodl even longer than some greedy investors who are just concerned about how much the can make from the market immediately without even considering that different factors could also affect the flow of coins most especially news both from economy, political and societal sectors. So I feel people loosing in crypto is as a result of greed and impatience not just because of their newbie status.

Newbies lose money in bitcoin because they have no patience, they expect to get rich in a short time & if the price goes down a bit they sell at a loss which is the worst thing you can do.

There are different categories of newbies,who join the crypto world.
1.Newbies,who decide to buy Bitcoin and HODL,waiting for a new ATH.
2.Newbies,who start trading altcoins and tokens.
3.Newbies,who get scammed by a crypto scam.
I guess that you are referring to the second category(the altcoin traders),which has little or nothing to do with Bitcoin.Those are the people,who lack trading skills,so they lose their money.They would most likely lose their money,even if they have joined the stock market instead of the cryptocurrency market.
The newbies,who think that Bitcoin is a get-rich-quick-scheme usually end up in the third category(being scammed).

I think that the main reason that you mentioned that is the real demise of many people who are new to bitcoin and crypto in general, is they invest in it in hopes of getting massive returns and huge profits over a short period, they look at some of the people that have made millions from it and they except themselves to have the same outcome not knowing what they have gone through to get to that point, now with that idea in mind they start making wrong decisions that lead to them losing their money,  so they key point is to go in the market not excepting a lot and not relining on it to get money, so that is why you should invest what you can afford to lose.

Even I did fall a victim to this when i came into cryptos. There were sites mostly Cloud mining that was offering insane rates for keeping the bitcoins on their website, after looking at the returns most people deposit more money into the site to increase their returns that's where it gets rekt and they Ban that account or exits scams.

Those who are persistent in learning will use those experiences later when they invest again but with more caution and well prepared. But sometimes those who always get carried away won't take those downfall as their experience instead, they will just pursue and push their luck on some kind of investment that won't really give them a higher chance of success as long as they feel that those investments will push them to gain a massive amount of income, they won't think twice about it. it just they wanted to gamble their money.

When you look at it, newbie lose basically because they don't know/understand what they're doing. The influence of the society is what is getting them into the industry. They don't want to be left behind so they fomo into the market which makes them so impatience that they want to make quick gains in the soonest time possible.

This ideas of becoming rich overnight makes them to become gullible as they tend to want to engage themselves in the trending tech not realizing that scammers are already leveraging to scam investors knowing there'll be new potential target in this new trends. Without understanding what the trends are they go in hoping to profit and come out (pump and dump) but majority don't succeed.

This might be a bad example but considered the success of dogecoin although it isn't something worth recommending to investor but those that took the risk and invested profited after it got pumped so now others (majority the newbies) are investing in the newly launched memes with the hopes of getting dogecoin type of success overnight which is where the scammers hiding behind the marks of founders arr ripping them off.

People lost money because often times when they first get in, they don't really understand the asset and are just trying to make a buck... this causes them to sell at a loss when they may have held the crypto if they really understood what they were investing in... investing in bad shitcoins is another reason, but also comes down to lack of adequate knowledge and not doing due diligence when it comes to researching and understanding these assets.

There are lot's of reasons why newbies lose there investment die to mutiple reasons firstly people don't really know much about bitcoin some people think Bitcoin is just what you will buy and make money instantly but seriously is not really that like you really need patience when it comes to cryptocurrency you don't have to be in a rush. When I started cryptocurrency I bought bitcoin after few  few days bitcoin started dumping and I sold it after selling  it started pump and I was regretting why I sold my bitcoin earlier but if you have patience you will definitely make ur profit.

When it comes to experiencing loss of bitcoin, it does not occur on newbies alone. It also happen even for those who have been here for a long time already. We are all prone from FUD's considering what we went through before with bitcoin and with regards to whales, we cannot really do anything about them, they are huge individuals with massive holdings we cannot even fathom having in our hands. On the part where one experience loss due to the wrong mindset that you can get rich from bitcoin over night, probably newbies are the ones who experiences it the most.

and points no 2, 3 are also not well understood by beginners. or they just ignore it because they feel that in bitcoin it is not as far as they think. they just assume buy and see the price in a certain time. do not have the discipline of time, do not pay attention to historical factors. So they feel when it doesn't come true, that is, they get rich overnight and then sell at a price when it's corrected. Isn't this common for those who think that bitcoin doesn't make you rich overnight. Rome wasn't built overnight!!!

I think for the first point it is true that for beginners, they still think that bitcoin is a tool to get rich instantly and whether you realize it or not, I also used to think like that and maybe you will also be one of the people who think the same.
  but maybe there are some that I want to add is that when there is a decline or FUD they panic so they immediately sell their coins even though it is a loss.
beginners basically still don't understand and still use their instincts to buy without doing research first.

understanding needs to be given to beginners so that they do not get caught up in ignorance. where they think it can happen quickly, but it is impossible. so I think instant thinking like a beginner should be eliminated

Sometimes, people who joined in crypto, is from  influencer who only tell people crypto is profitable whicch their aim actually to get referral, then a lot of people believe it and do trading without any experience about it. Which make they keep losing because don't know what strategy to minimize losses and who tell them not give them any suggestion because only care about get referral.

This is pretty well laid out and I certainly agree with your points here.  Having worked in finance for well over a decade now I am used to people having completely unrealistic expectations.  Well, I should say "most" people.  A lot of my friends know that I am "in to bitcoin" so I get a lot of messages and questions about it.  Their expectations are so completely unrealistic and they all think that they are going to get rich over night..or even worse thats the only reason they want to own some period.  Many people simply miss the whole point of it all which is unfortunate.

Most people jump on the bitcoin wagon with Lack of knowledge no doubt and are carried away by the hype!

As far as I know You can not enter the crypto markets without knowing how the behave, not knowing whether the markets have seasonal trend cycles , is this free from from manipulation et cetera. But it's understandable these markets can sometimes be persuasive when we keep seeing people showing off their Lambos, mansions...everybody what's a price of that and they won't ask questions because of FOMO.

Newbies do not know much about the volatility and they tend to buy bitcoin because of reading about other people say to buy bitcoin now. They lack information and do not know when to buy bitcoin, so many newbies lose their money. If the price is down after they buy, they panic and can not accept the volatility and try to sell it instantly. The newbies think that bitcoin can help them make fast money in one night, but they do not search for money from bitcoin. We hope the newbies can learn more about bitcoin if they want to join in bitcoin so they do not think that bitcoin is a fast money making.

In my opinion, those are the 3 things that make a new entrant lose BTC and things 2, 3 are the 2 things that most new entrants stumble upon. new entrants in this market are always manipulated by fear and that leads them to dump and then lose, they have no patience and confidence in what BTC will achieve, and still Another thing in my opinion is trust. If you have pursued something then believe it will be achieved, most newbies are just greedy for profit, do not have in-depth knowledge and understanding of the long-term of BTC.

Most of the time, newbies loss upon entering the market because they are not yet equipped of the knowledge that they must know and still have decided to put up an engagement thinking that the world of crypto is a key on being an instant millionaire. They are having the wrong mindset added by the misconceptions and underestimating the market itself that makes them fail once they have put up an engagement earlier that learning it first. Common mistakes of the newbies makes them easily get fooled and are not in track on doing decision making because of lack of knowledge and experience that makes them fail resulting to loss.

Newbies tend to behave this way because they want all the things to be instant. They don't even think that being profitable in bitcoin would mean incurring from hardwork and long stretch of patience. And if you don't DYOR everytime you make some actions, eventually it will always end up negatively which will result into losses.

I'm not trying to be very mean to newbies but i hope that they will be more careful everytime they take actions. It's always good to be well equipped with knowledge and skills so that we can maximize making profits than creating losses more often.

Greed and that's why many newbies have been incurring losses. That's true that they think that bitcoin is a tool, as an investment that will make them rich as quick as it can. After hearing those success stories, they've became encouraged to invest because of those.

But they never hear the side of going through bearish market for many months and they only care for the profit but they do not want to experience roughness of this highly volatile market.

In general, these people never know what they are doing and they just start to invest without having knowledge about crypto, well, what is supposed to happen next? They will sell and dump their Bitcoin if they don't understand the situation and then started to make FUD allowing others to act the same as these st**id mind.

Not to wonder how they suffered losses later as they don't bother themselves to learn first. It is just like driving a car and we don't know how to drive it.

It's a common problem where newbies suffer a lot from losses because they never had a chance to learn the market when they suddenly enter the market. It's important to do your own research first before you invest in something not just in Bitcoin but all other assets. Bitcoin has a seasonal trend of bullish and bearish and I think newbies missed this point plus the manipulation and greed that would lead them to losses. I would say HODL if you are in the brink of losing your investment this is the advantage of owning a Bitcoin compared to other assets.

No one is going to listen to newbies so even if they do spread FUD it is not going to change the minds of anyone even new people investing will have some brains and will listen to more established people than newbies. The only issue we have is the people that are established but lose a lot of capital and get butthurt and start spreading FUD or worse the people that intentionally spread FUD in a attempt to make more money by manipulating the economy.

Nowadays, it is easy to spread fud because of various social media that we have. Even these newbies who lost in crypto, can easily post their disappointments in social media. And there are so many people who are ignorant in this market and some may believe, some will not. But I do agree, that most newcomers think that this is their easy way to get rich quick. But they will eventually find out that there's more than meets the eyes here.

Can you elaborate on it? I think this needs more explanation.
Remember that the topic specifies for newbies who are investing in Bitcoin.

As they are newbies, we can understand if they still have lack knowledge and experience. But that newbies want to invest in Bitcoin, it is something that we should appreciate. We cannot blame those who want to join Bitcoin investment, it is not a stupid decision. Without newbies, Bitcoin only has old holders. So newbies also has a big role. But to be greedy once you are still a newbie, is surely a bad idea. However, I think not all newbies that being greedy in their first journey in Bitcoin.

The 3 reasons above are the main reasons that often happen to beginners, but I add a few things that beginners usually do and this is really fatal if it happens Using fake exchanges and fake wallets. and trade without skills.
but not all beginners can lose and some beginners tend to last longer than some investors who only care about short profits and greed,

Newbies and other quick traders ignored all those things that affects our decision making, that's why tendency of losing in bitcoin happens. Wrong mindsetting leads to downfalls which cannot be controlled, and mostly people without proper skills and knowledge really fail. They couldn't manage to handle their funds to sustain, even though there's market volatility.

I’d like to add a 4th point to your list, which logically sums up what you’ve said, but has a separate and strong impact. That is public opinion. Right now Bitcoin adoption is in a state where everyone knows about it, but not everyone accepts it.

The “tool for getting rich quick”, the “volatility” and the “FUD”, no doubt these all are the key points, but who’s responsible for spreading all this?
We all have families, friends, and other people that surround us, and often newbies aren’t confident enough about Bitcoin, but this gets even worse when this confidence is further shattered by those around them.

It’s one thing to hear about the Bitcoin crash somewhere on the news, but what really gets to people is when everyone is reposting it, commenting on it, you read about that on forums and you hear it from your relatives.

All of this wouldn’t have happened if people didn’t succumb to the herding instinct, could think for themselves, and if those around were less skeptical and more supportive.

The first and third points are points that I often see when beginners come to cryptocurrency, they think this business without careful analysis and generate instantaneously, besides the news spread makes them confused to make decisions, not even a few of them lose personal assets just because they want to get rich quickly here.

Totally agree with that, most of the peoples think when he invested on cryptocurrency they can be rich just in over night. I was one of them when I was first time investing in cryptocurrency, i still lack of experience and so naive at that time. I spend a lot of money on ICO back at 2017 period and i loss a lot of money on that it almost make me crazy and lucky me I am surrounded by people who can support me so i never thought of doing any stupid act (stealing/suicide).

most of them want to get rich instantly here, but the fact that I met them is very much at a loss. and lose a lot of assets, it makes them realize this business is indeed the fastest growing industry but has a great risk.

The final cause is the lack of knowledge, they don't brainstorm to know what is good and right for this space, they don't even know that bitcoin has anything special compared to the rest, don't understand investment and risk management for their assets. They lose their money, their bitcoins by foolishness and ignorance. They expect success with excessive time demands, greed and a lack of knowledge that makes bitcoin no longer a playground for them. The gullible people who believe in the media and fake, fake tricks.

Oh, 2017 is when ICOs are very popular, and there are a lot of scammers, but in 2016, I don't see any scam coins in ICOs, and you could really earn a lot of money after a month or week on that time. Most people believe that they can make quick money, but this is not true; you must work hard to make money. There are some cases where you can become wealthy overnight, but this is extremely rare because cryptocurrency is extremely volatile and we never know what will happen.

This is the stupidest thing for a Long time cryptonians to think , I believe that this is the site of newbies and greed  crypto users.

But for old timers? never that this will come to mind because  obviously Bitcoin  cannot even make 10% growth for an hour (In most times)



Ignoring Volatility ? who does ignore such thing? when Volatility is the only reason why this market is still valuable to us investors until now.

Indeed and  this is the hardest thing to ignore , FUD is part of the game for the Manipulator to succeed .

Thank you for all your input mate and this shows Concerns to all of us.. All the Best.

Well, now we're seeing shitcoins as a trend this year so it's more or less the same shit, different smell.

this happened in my own family. when my brother saw me getting " quite a lot of profit " from holding bitcoin he started to continue saving his fix income into bitcoin and now he said he feels like his saving are losing because of bitcoin price tend to continue falling. At that time, I realized that he actually didn't know much about crypto and thought it was just an investment asset.

Agreed. People just buying BTC hoping that they'll be rich within a few weeks. But then it crashes and they selling it in FUD. You need to HODL and accumulate it while you can.

Ya i still remember in 2017 most of the ICOs are greedy. Most of the project set a very high target in crowdsale, more than $20m, very diferrent with 2016 ICOs most of the project set very low CAP but they can keep they promise to investor.

There so many dead project from 2017, Universa, Cedex, Airtoken, Spectre and many more project who got a lot of money from crowdsale but right now turn into dead project.

For novices, the first point is that most novices think so. They understand that the cryptocurrency market is rising rapidly, and with the mentality of getting rich overnight, they joined the cryptocurrency market for speculation. They want to get rich overnight, but they underestimate the risks of the crypto market. The profit is high, and the risk is also high. They don't understand the market and don't analyze it. Bitcoin is not a tool they use to get rich overnight.

Novices who enter the cryptocurrency market to invest money don’t have to learn cryptographic knowledge well. They invest on their own intuition. Generally, novices will abandon the cryptocurrency market after their first investment failure. FUD controls one's own thoughts.

I think there is one more point, especially for novices. I have a Chinese friend who is also investing in cryptocurrency. We should all understand what China has done recently. The news of China's suppression of virtual currency has been released step by step. My friends choose to sell the tokens in their hands. This kind of market news will affect their emotions, not only for newbies, but also for those who have been in the market for a while. All unknowns in the future can easily affect our judgment.

Many newbie are loss because of this because they still dont have enough experience and most of the newbie thinking about being rich just in over night. I think sometimes being scam is a good lesson for us so we can being more carefull and want to increase our knowledge so we can't getting scam again.

Actually I have mentioned some of the points by which people loose their money in common ways like greed and knowing this market also.Crypto scams are some ways on which they don't have control and can lose funds unintentionally like clicking on the wrong link and depositing money on fake exchanges are some other methods of which they might not be aware.But these three are some points which contribute more to the panic sell like making quick money seeing others and getting influenced by others and invest blindly and then sell in same manner also.But they need to keep in mind that it's not that much simple that you invest money and next day you sign papers of luxury penthouse.Know these facts beforehand.

not just newbies but some knowledgeable people with great careers in real life thought Bitcoin and cryptocurrencies are hedges to inflation and the collapse of fiat. they must have heard of some influencers on youtube who made them decide to invest. they see Bitcoin to be the savior because, since the start of 2021, it's rising.


its when they thought that's just how easy to trade. well now they must have realized it's not. using the phone is easy but analyzing markets take a lot of experience.

Just a few days ago when the BTC's value began to fall, news of panic selling broke out with new entrants in crypto investing.  The beginners are just hype because of the highest it has reached this year and they thought it would continue and also because of the rumors of others.  Maybe some take profit because of the length of time they have been waiting, others have no real reason but to sell because of the bad news that caused it to go down and thought it would go down, even more,  that has already happened.

Those people tell  that they  are  all in with bitcoins are now freaking out to see it crashing yesterday and  its really awful for weak hands to decide to sell since they are losing money for dropping  decisions towards that events. Now  the market showing  that if we have a patience can recover our figures lose if we didn't dump immediately  so this is a  lesson for newbies to wait and hold and putting a quick decision on your  trades sometimes not really  helps us.

they seem to force themselves to keep the pump going, but bitcoin's movement is not like that, of course there will be a saturation point so that a reversal occurs. therefore we must leave the ego to exit the market before the saturation point occurs. and to find out the saturation point, I don't think anyone knows, so don't be greedy to take profit

Basically the point you mentioned in this thread are some of the common reason why trader and investor lose money as well as lose their bitcoin. I won't blame anyone why they should buy and why they should sell because their bitcoin are their own responsibility. Panic selling during a price correction is not at all a good option if they know the market will recover over time.

A newbie trader should learn a lot about how this market works because volatility will always be there and bitcoin investing is not a risk free investment so there is a lot for them to pay attention to. Apart from that they have to understand a lot about trading, they also have to know and be sensitive to security vulnerabilities when they want to hold bitcoin in the long term. Losing bitcoin is generally the fault of bitcoin users because basically your bitcoin are your responsibility or not your private key, not your bitcoin.

There are really many factors why a newbie loss Bitcoin. Lack of information in what is it and how it works is one of the reason.
We need to know that investing Bitcoin is also very risky. Its volatile and may crash. We can't get rich overnight with it. In the last few years it goes down but rise up again and again. So we should not panick instead asking for advice, read articles/books to have more knowledge.

but everything is possible, when you are a beginner you will definitely experience something like this. lost due to careless factors. for sending coins that do not comply with the provisions. In fact, most people are deceived by people who seek profit, from people who do not understand. These are all natural things that happen as beginners, even those who have experience, still experience it, because of the factor of being careless and careless in all actions, aka panicking quickly.

I agree that investing in bitcoin is very risky but worth what we will receive if we can receive profits from bitcoin. Patience and not panic is the main key in everything we will do, bitcoin trading is no exception.

The main reason is they are lack of experience to know what is good and bad investments for them, mostly they just go with the hypes and FOMOS thats why they always lost their money if bad things happen. And we reappy need to know the risk so that we can accept and adopt to those situation. Although reading books as you said is truly helpful but the more effective is by seeing someones experience and we should learn from their mistakes to avoid the same situation to.

As market is unstable, newbies emotions are unstable too. And that makes the reason why they probably loss their bitcoin. They mismanage their emotions  like panic selling at deficit value, panic buying at peak.

Also, ignorance can also be one of the reasons if I may add it up. Thus, continuosly learn, acquiring more knowledge will make you become a successful and strong investor.

I totally agree with the 3rd reason you named here. Especially recently after what happened on DOGE and SHIBA there were many people, unfortunately, losing too much money because they were thinking to get a high amount of profits in short term just because of the whales increasing the price and also spreading the greed in social media I believe you could add another item and name it 'fundamental' there are many newbies they pay too much attention to the fundamental news and whenever an important person tweets something they do panic sell or buy in the opposite side.

Many people are getting to know crypto and investing in it. That's good, but if joining the crypto world brings losses then that's bad. We know that nothing is achieved quickly, it all takes time because it's true that crypto can't give you wealth overnight. Moreover, if the market is going up and down then our mentality must also be strong to see the market. For newbies, of course, this will make them panic, many will even give up and eventually sell their assets. That's what worries because it will make big losses and also make the market more chaotic. Instinct as well as analysts are needed to understand the market where they must be studied from time to time. It all depends on how we behave in managing assets, the better our attitude, the better the results will be.

Besides that, newbies become greedy if the price increases because they think that the price will still increase in the next minute. But if they have experience in trading or investing, they will think that it is better to profit while the chance is still there and prepare to buy back again for the next down. If they can do that, they will have more opportunities to make more profit. If the price can go up so high, they can get rich overnight but that will not always happen many times. So they need to know when selling the coin and leave the market.

These are exactly the things that I have thought of too why newbies often lose their investment. Cryptocurrency has entered the mainstream media nowadays, which means more audience, more attention,  and more potential investors. This has a good effect in our growing community. The many users we have, the higher supply and demand that will make the flow of the market spontaneous.

However, most newbies make mistakes. We can't deny that since we have once experienced to be an amateur and new in this platform. There are certainly room for errors for improvement, but it should be minimized as much as possible because we are talking about money here and not just some sort of game without big consequences. I agree on your list, but please allow me to share my thoughts about it as well.

I think one of the major reasons why newbies fall into the pit of their damnation is first, they enter without being equipped with the proper knowledge and understanding about cryptocurrency.
They are carried away with the hype over the internet. FOMO is their usual driving force the moment they entered crypto world.
They keep on thinking that crypto is a get-rich-quick-scheme, hence, they dived into it without even background checking what they're getting themselves into. As a result, they will mess up their funds because of lack of in depth knowledge.

Secondly, they are easily driven by fear, uncertainty, and doubt (FUD). Because they aren't aware about the crypto's run-around, they would experience anxiety and paranoia about the market status and their coin's value. Sudden price drops would easily shaken and weaken their heart to the point some would opt to sell right away without waiting the market to bounce back. They disregard the volatility nature of crypto because they aren't knowledgeable about it in the first place.

Lastly, most newbies rely on the other people's advices. They keep on listening and doing what other people is doing. Not thinking that there's no such thing as one solution, fixes all in crypto. Instead of doing their own technical and data analysis, they rely on gossips and baseless assumptions which often lead to nowhere good. In addition, the newbies are gullible and keeps on following the other's footsteps in expense of their funds security. That's why most often than not, they land on investment scams and schemes.

It's true in most of the cases. There are people that think that they will get rich over night investing in crypto currencies. Hence they look for coins that are being "hyped". They invest in those coins when the see the price is being pumped and then loses everything overnight when the price gets dumped and dies. Others that invest on top crypto currencies loses patience and then sells everything at the wrong time to get out of it.
This is also true. Those who are new to the market can't bare to see the price crash. They don't realize that those crash had been happening from the very beginning and that they are just price correction. They fall for FUDs hence they panic and sell everything thinking that they will be able to minimize their loss when "btc dies".

yes, and that is what that people must know before joined crypto or make investment in it. Because there are a lot of things that we must do in trading activity like how to read chart, do fundamental analysis, minimize losses if coin that we bought dumped, or maybe how to avoid liquidation because now future trading still hype.

They don't see how very dangerous bitcoin is, because they're blind and very excited to grab the opportunities with bitcoin. even they don't have enough skills, knowledge and strategies in order to avoid risky situation and to become successful in it instead . Wherein they always suffer because of greediness..

It's very common problem actually, infact even now no one knows how to handle it especially newbies before starting to adop bitcoin..probably they don't care what will be the results afterwards reason they don't take it seriously..

One thing, which is greed. They see people make tons of cash in crypto, they jump right in thinking that they will be able to do that but what they don't know is the struggle of the person that they've been through to get that much money.

Good explanation and I agree with the OP, but for a genuine Newbie, point one and point two already represent almost all aspects of the cause of the defeat of newbies who are trying to get rich in cryptocurrency.
They don't really understand the risks of Bitcoin. This high risk is often forgotten and not even studied because they only know something fun from other people.
Supposedly, we must learn about what difficulties are felt when we want to be successful in the cryptocurrency world.
Take a wise decision after Newbie knows the basic knowledge about Bitcoin and cryptocurrency.

Sometimes it even seems to me that option trading is sometimes more suitable for those guys who want to wake up with 2 btc instead of 1.
Although in fact it is the same gambling

It was not a bad idea as it was a sort of motivation but the wrong is that they never have a good entry. Most of them never know what will be the best position to start investing in crypto, they just put their money without doing research, and losses will absolutely they will get in the end.

Honestly, it was not only newbie suffering like this, even old-timers make some losses because of the market volatility. Because even though we have knowledge in crypto space but it wasn't all the time the market is in good trend, and sometimes we make a wrong decision. Losses can't be avoided as it was a part of our journey here and if we are not able to cope up with this, we even lose more.

Realizations would always come in the end and thats the only time on where noobs do really tend to get serious and accept the risk and its always been like this

and we do all really come first into this point on where first impressions would always be wrong and since human beings are naturally born greedy then its expect

that these kind of mistakes would really be most likely to be experience.Once we do gain experience then thats the time we are already self-aware on various situations or simply with the reality.

This one is the most common thing that occurs in newbies, They are attracted to Bitcoin because of seeing themselves as their friend's success in Bitcoin, being richer and richer every day because of Bitcoin. Moreover, when they're looking at how media states about Bitcoin increases from a certain rate to a certain higher price, they will only think that if they put their money in Bitcoin, they will also feel the same, being richer soon as others.
They only know about being rich and getting multiple times of profits of the funds. But, they don't even try to learn and consider about the risks. They won't even want to know that investing in Bitcoin or other cryptos is always including risks. And they also sometimes think that however the amount of the investment, they will be rich soon.
So funny.
Greedy and laziness to learn.

at one point, we are all newbies in this market. only experience can teach us on how to deal with this market. but for some who lost, and vowed not to get involved again, those are people who gave up easily and haven't encountered what is the real experience of being in crypto market. but for those who stayed, they will learn a lot and one thing is, this is not a get-rich-quick scheme industry. you can't get all you need overnight. there's a lot to learn in this industry. and as you go deeper, you will appreciate more why crypto was born.

Because novices did not learn the knowledge of cryptocurrency when they first entered the cryptocurrency market, they will buy and sell their own tokens based on their intuition. Regardless of whether the team’s technology is mature or not, I believe some media, the media say they buy which currency is better, they will buy The coins recommended by the media are more greedy and want more.

I personally think that there is another point, the loss of the private key. Although there are not many such people, it is easy for me to forget which of my many passwords is correct. Losing the private key means that your coins will be lost forever.

The reason why newcomers are more vulnerable is because they have less knowledge about the market and after greed they trade overnight without checking anything to make more profit so after getting caught in a scam and losing everything they leave the market at some point. Greed throws them into the greater loss seeing the experience of others is the most terrible you have to use your own experience and understand the situation and invest.

Most of them just following the trend and he's friend without knowing what they invested in. I believe most of the newcomers they don't know about what blockchain it is or something easy about crypto, when they loss their money they will cry and want to find someone to blame.

right, lack of knowledge and greed are the main reasons why many of them experience defeat. when bullruns many newbies enter the crypto market, and hope the market will continue to rise, so they lose logic due to lack of experience, and what happens instead they are floating minus, and finally panic sell

For a newbie to avoid similar mistake that had be done by past traders and investors, it is very important for a trader to look at previous market price and reaction of the market to see the kind of waves the entire market generate to make investors to forfiet their funds  by the use of fake news and rumors attracting negative mindsets to sell ones coins to the market. It will take time for this kind of psychological emotions to be built with time, creating a stronger resistance against negative feelings about the market.

Newbies need to be focused to avoid unnecessary loses. It's very important to ask questions about how the crypto market does it thing, not being idle and making a silly decisions that can be detrimental to one's investment at the long run.

Why most beginners suffer losses, because they do not have good knowledge and understanding before doing it which is actually the main foundation before getting involved.
and besides following wrong recommendations such as news or anything that trusts too much information sources so that they choose the wrong investment instrument and cause losses, actually receiving input or reading information about various things related to investment is not wrong, but it's good to filter and digest and also compare any information for comparison before making a decision.
and only focus on profit without thinking about the risks that will be faced and will panic when the market is down and what to deal with, and will do things based on momentary emotions, such as making sales because of panic when the value drops below the price of the previously issued capital price .

Greediness and aiming for too much is actually one of the common reasons why newbies are getting scammed. They easily believe in fud and false information because they didn't do full research about Bitcoin. We'll surely lose if we don't have complete knowledge about it. A proper mindset will also be a big help and we should keep in mind that crypto couldn't offer us instant success because it needs perseverance and patience.

i laughed when i saw a video title on youtube that said "Bitcoin is the fastest way to get rich overnight", i immediately wrote a comment "why are you cheating so many people".  it must be understood that Bitcoin was created to make you free from the bank even if you are rich from BTC then it is just a sweetener.

newbies who think Bitcoin will make them rich overnight when the price drops will immediately sell their BTC because they buy Bitcoin based on the words of the speculators.

people who lose bitcoins tend to be novice businessmen who don't know how to store bitcoins in the right and good way, but I'm very sure they will soon understand about it which can give them experience for the future because of the effort and hard work they put in do we really believe we can afford for them to keep something of value for them in a very good way, maybe it's just a matter of time and communication

Standard reason that I can think at the top of my head is the fact that these so called newbies tend to just jump right in withlut prior knowledge besides the fact that there's money in crypto and they want a piece in it.

So I ask why it is necessary to call beginners the target of mistakes as if they are beginners often doing careless things, as far as I know someone who goes down to the crypto world they first learn until they really understand and really believe that after that they spend money not as careless as you think.

I supported what you said to be the basic reason why a lot of newbies lose in Bitcoin, they mostly believe Bitcoin to be a quick scheme and also a survivor from the economic meltdown situation especially the meltdown caused by COVID 19. However, the second thing that makes newbies lose in Bitcoin is the wrong article and misinformation influence Youtube videos they use as a guideline.

I'm lucky to have come to the right place when I was still a newbie.

Here in our country once people heard that you dealt with bitcoin they think that you're already rich but they don't know that achieving this lifetime dream in bitcoin is not easy. Giving yourself a motivation that you will become rich in bitcoin is not bad however you must also do your part by equipping yourself with so much knowledge about crypto. The overnight wealth was possible only and only if a person already knows how to trade, how to read chart and have patience.

people always miss out on the point of which crypto wallet to use.
you definitely need a reliable wallet like MNTG-wallet (https://monetasglobal.com/).
I mention them because of their highly secure encryption and decryption, their transparency while transacting and the fact you can trust on them

It is really not good to think bitcoin as a quick rick scheme that you only need to utilize when you want it.

Bitcoin needs knowledge, experience, and willingness so that you can make it grow and become successful with it.

Also bitcoin is risky when you don't know what you're doing and you don't know how blockchain technology and crypto works in the market.

Majority of the people get into bitcoin just because it gives access to make money. Whenever one introduce bitcoin to a person who doesn't have any knowledge about bitcoin there arises a question. Why should I use it. For this the very first answer, you can make money.

Taking this into mind newbies think big and invest without learning or experimenting with small funds. This ends with loss and the same person describe bitcoin as the reason for his loss, but in reality his lack of knowledge and lack of understanding is the true reason for his loss.

Newbies lose in bitcoin because they are too greedy to buy bitcoins with all the money they have.  Then they are also impatient and easily panic when the price of bitcoin drops.  So they are afraid of losing more money.  Until they decide to cut loss.  In fact, when the price of bitcoin is corrected, we should buy it again.

If this is your first thought and belief in crypto specially in bitcoin then you are in wrong way, because this will end you losing all the time.

Bitcoin is the slowest moving coin and that cannot happen overnight becoming rich.

Indeed this as the simple answer  :D and i will add one more they not yet learn and go all in in this industry

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token nowadays is like shitcoin but with wrap of good coin so there is little of token that actually have real use case but there is bunch token that exist to make cryptohype

making crypto hype is good but in process to scam people and make ponzi scheme is bad, usually more than 50% token is going to developer pocket event tho is locked or vested more than a year after locked the dev will have the token again

Maybe those who are experts and big capital, all can be obtained. I saw Coinmamba's status on twitter in futures trading. He has huge capital and he can make big money. But you are right, everything needs a process for newbies if he just jumps in and makes a profit it could be just luck. So new people have to learn, they need to read a lot and compare ways, so that they find the right strategy for themselves. So I always say for newcomers trading, you have to be prepared to lose money to learn.

Crypto space is not just a profit earning place. It offers great solutions such as smart contracts, NFT marketplace, transparency etc. Newbies should look at a larger perspective. The main reason for their loss is their limited scope of vision.

  One of the first probability reason why newbies loss their Bitcoin , cause they are Glare at the Money an never think the possible outcomes. Bitcoins are one of the best  Digital cryptocurrency. Yeah it's true trading Bitcoins is Good but think also the other side that Bitcoins is Volatile and we can not predicted the possible results weitheir if we win or loss.

Newbies aren't good enough in the market, their level of understanding was still far from us but we can't deny that we are also is struggling hard during our first entry into the crypto space. I could say that what they have done today is the same story we've done before. We were able to find what went wrong because we learn from our bad experiences before and I believe that these newbies will also change their attitude and mindset later on once they learn their mistakes.

maybe it's.also very unfortunate.what is.experienced by beginners.when they lose their coins.this can.also be.an example for all of us.so that we don't.easily trust anyone in.the business.affairs that we are currently.living because this will have a bad impact on our business.world In.the future, we must.also be careful.in choosing.a.business partner for us.to start something new, especially since we are still beginners.who do not fully understand the investment.business.

When people will realize that Bitcoin is not only related to money making and investment scheme and rather than some sort of financial revolution that could change the payment processing system in a decentralized way we will see less people losing their money.But for most of them bitcoin act as tool which could make them rich quickly like they have got Aladin lamps but when they don't get it they got upset and panic sell but they need to be at least patient to hold for some time so they could generate normal profits also.

I think things like that are not motivation but greed because the average beginner doesn't know what the system here is like, how to read what kind of candles and without knowing the latest news, they immediately make entries without doing research first in the hope that they can make big profits. , this is too rash and this is tantamount to gambling because they only use the instincts they have in the hope of making high profits.
I don't hate or blame beginners for things like this, but at least they should start from the basics first by learning things related to crypto etc. Don't immediately think of big profits in one day because there is nothing like that here. here there is a process and the process is not instant.

it's true that a lot of greedy beginners want to make a lot of money in a short time and don't want to lose I have a friend he can't wait when the coin price drops and sells coins for fear of losing a lot of money even though I told him to be patient, the coin price will go up again just waiting for time but he doesn't care now buddy sorry because the price of the coin has gone up.

it's true what you said, most beginners who lose their bitcoins are caused because of their limited range of vision, they also lack experience and lack of insight, they easily believe in the sweet promises of scammers, who promise profits, but in the end, we are tricked by scammers ..

And we all have started from learning the basics and losing is part of it. We understand their situation knowing that they don't have enough knowledge in this kind of business and losing is not the biggest mistake that they ever do.

And talk about greediness, there is some level of such behavior, one is to dream about just become rich and that is why they work hard. The other one is TOO MUCH greediness in which a person needs to do evil things just to achieve their goal.
https://knowledge.insead.edu/blog/insead-blog/seven-signs-of-the-greed-syndrome-4624

Well for now, satisfaction is really to find nowadays since we all wanted to improve our living and give comfort to our family. Might it call greediness, what is important is that we only do good things.

If you have invested in Bitcoin then you must have basic knowledge about it at first because the first rule in trading says that you must DYOR before making any investment but many people ignore it and the loss suffer is out of ignorance.Making loss unintentionally like in trading is common case and no double many old and new investors suffer it but here we are taking about those who get blind and take btc as scheme to be rich overnight and when the scenario is opposite they start dumping the coins and they have misleaded the entry to Bitcoin world.So all they need is to atleast have little knowledge before making any investment which could reduce their loss.

It wasn't the ideal strategy to be used, newbies are blindly investing coins coz they just thought that the market will keep on moving high. Their ignorance about the volatility of the market made them lose. But then, we have to consider their situation and it was because they don't have enough knowledge in the market.

However, losing doesn't mean it was our end, we still have the chance and to correct all the mistakes we have done. And for sure these newbies will realize how important to spend more time in the market and gathering useful ideas on the internet.

unless he understands to invest in bitcoins instead of trading. but also if you have less knowledge of course it will be a burden if you buy when prices are at their peak. until now it is not easy for beginners to hold on to it and be patient until the price reaches a new ath again. therefore knowledge is very important to determine when to buy bitcoin

If not all most traders also experienced mistake like that, but for those who are keen to succeed.

This kind of mistakes served as a good learning path to find the right strategy and the right attitude towards this business, the more
they engage and eagerly understand how things works, the more that they'll be able to build good system to use with their trading business.

Trading nor investing is not easy but learnable if you are really seeking for the right system to use while working inside this business.

Most of them don't research about bitcoin before getting into it. They don't have the necessary information. For someone to excel in Bitcoin trading, you must have a good strategy, know when to buy and when to sell.

Even if you do understand how trading works that is no guarantee that you catch the right moment to invest and sell and it depends on the news that is currently circulating in the news sites which can effect the price by a lot just look at the Tesla news recently and how big of a impact that had on the price of Bitcoin.

They take it at a high price, indeed it is a risky thing, especially not having a strong analysis of how durable the pump is in this skill. This is indeed a must because trading needs analysis to be right on target, but for newbies it is not a problem because it is part of the beginning. maybe after the next day they will know when to come and buy it.
As long as you never follow someone who suggests buying coins something that doesn't exist in the news.

Point #2 is the main point for newbie to be fail in investment. As new comers they only have one point of view, namely price increases. And when the market moves against them, they don't know what to do and tend to panic and eventually sell their assets cuz of the fear of further losses if they keep their coins on their own wallets. Over time, they will surely realize that it takes a tested mentality when it comes to investing in cryptocurrencies that tend to fluctuate.

they don't understand bitcoin at all and how it works which really takes a lot of time for a result, so they tend to be instantaneous and trust people who can double their coins very quickly with such a large income in a short time, so they don't realize that their bitcoins have disappeared a lot, so in our business affairs, don't easily trust anyone because there are many people who want to do evil to us

That's what #1 indicates.

And for someone to excel in bitcoin, he can also stay as a holder. He's going to excel through profit without such effort as long a he's aware of bitcoin's ups and downs.

Not only in crypto world but also into the traditional market or things that we had experiencing as of this moment on where there are people who are really opportunist and would  scam out people for their own good.

This isnt something that you should be surprised because majority of newbie mistakes would really be particularly spot on being greedy and laziness on learning up new things and in depth realization on how this

market works until they do experience the real situation and would realize on to those wrong doing or believe that they do have earlier.

^ There is no loss if they will not sell their BTC and should keep holding even, whatever happens, the problem is that these newcomers are not aware of how BTC price or the entire crypto market works. All they have to know is investing in crypto or in BTC is a simple task, just buy and wait for the massive increase but they don't know that the crypto market will not always increase in position, sometimes it will go down and this is what we called volatility which is probably they don't know. Once seeing the market started in a red color they began to panic and when it comes to the point of sell, it will not always credited.

first of all we have to ask ourselves why do people buy bitcoin?

1 - do people buy bitcoin to use as a means of payment? I don't think so, at least most people aren't buying bitcoin as a means of payment.

2 - are people buying to make hodl? and why would they be doing hodl for so long if they don't aim to make a lot of money? This is where all the answers come from, people are doing hodl because they want to make a lot of money... Of course, when there's a 50% drop, hopes end and there's panic selling

Newbies lose from their investments because they don't know what they are doing exactly. They tend to make decisions without setting a target goal so in the end, they still come up committing losses. And the biggest factor that makes them a big loser is that they think bitcoin as a way to be an instant rich. Well the fact that there's no instant in reaching your success, same with bitcoin you still have to endure more time and effort and a long rope of patience and knowledge just to get there.

Newbies usually haven't trained their mentality to deal with loss situations so they won't be emotionally stable
besides that the lack of education and training to trade and invest in cryptocurrencies which is lacking also causes them to lose plus cryptocurrencies are very unstable unlike forex

Either it was in forex or crypto trading without the knowledge on how to trade will simply bring us losses in the end. And these newbies become prone to this because they are still learning but once they know exactly how this trading works, they will be changing and they will be careful with their trades. That is why they call newbies as their knowledge and skills are still limited but soon they will grow up and they will understand the situation.

Basically newbies are not people who are weak in the efforts they make, they will certainly continue to explore the knowledge that they must learn with discipline when they have real intentions in their efforts.
Overall, not all newbies have more chances of losing their bitcoin, than what happened and experienced while trading on cryptocurrencies, it is possible that they will be mastering it even more.

The first point is the thing that I often encounter, not only newbies, even people who have been in cryptocurrency for quite a long time also still have such greed, make him take personal assets to invest, eventually lose, and end up making him poor. Trading cryptocurrencies should not be greedy, it makes us lose more.

A lot of newbies by mere hearing the word bitcoin jumped into it with a mindset of beginning rich overnight out of greed thinking once you invest in bitcoin you can become a millionaire overnight sighting early adopters as example they don't necessarily care to learn or acquire all the necessary information about bitcoin, not knowing that there are facts that must be taken into considering before delving into bitcoin which is knowing all the basic stuffs that are very compulsory and mandatory, it is quite unfortunate that a lot of them got disappointment after buying at peak unfortunately the price got dumped having not considered that it is highly volatile assets thus incurred losses invariably they will suddenly start to paint cryptos in a bad light saying it is a Ponzi scheme and MMM etc a first timer in any business is expected to learn through the rope and build confidence on it.

Most newbies are not prepared because they are not yet used with the market.

The market swings are giving pressured emotiom which leads to complex reaction of the market.  Without much education in the market makes them not equipped to take risks.

At the early stage when I got into the crypto world, and when Bitcoin was springing up by gaining bit by bit popularity, was when these Ponzi schemes and get rich quick came up. These things made the losses of newbies got so high, and many people tagged Bitcoin to be a scam as at then. Now, the anxiousness of quick rich is what is making newbies fall into the set trap.
Looking at the part of FUD and FOMO in the crypto system made by some whales and big crypto holders to create room for a hug dump and which they use in filling up their bags was a technic they derived when the populace in the crypto world was growing. Now, the rise and fall of price in the market is now the way which whales and big crypto holders use to fill in the bags, and we call this price correction, which to an extent is correct, but the real conspiracy behind it is manipulated by the whales which new investors use as a means of coming in at the lows.

The problem with most newbie investors is that they receive the information falsely- they do think that investing into cryptocurrency is an 'easy-way out' which provides an absolute formula of getting rich.

Back in the last quarter of 2017, the price of bitcoin skyrocketed from $5,000 to $18,000. Most newbies and new investors jumped on that bandwagon and invested during the peak of its price. When its price dropped on 2018, those investors loss significant amount of money and they disseminate false information about BTC being a scam investment, etc.

So before you invest, understand first its technology and history. Purchasing an investment without even knowing what you are investing on is tantamount to digging your own grave.

It will be wrong to put all the blame on the noobs. I can understand their perspective. The media hypes Bitcoin (and the other cryptocurrencies) whenever there is a bull run. This is the time when a lot of the new users decide to make their investment with BTC. Unfortunately, this means that when they make their investment, the prices will be close to ATH levels. And when the correction phase starts, the mainstream media will just reverse their stance. They will publish articles such as "Will Bitcoin become worthless?" or "Is Bitcoin the biggest Ponzi scheme ever invented"... once again, the noobs will be influenced by this and they will do panic selling. This cycle repeats every 3-4 years.

It is very important to have a target price.  Most newbies don't have it so they make the wrong decision.  They should have sold it but they bought it again because they were greedy.  When they bought it, the price went down.

It is natural for them to lose money because their way of thinking when they enter the crypto space is wrong, because they think that if they invest here, they will definitely get a very large profit and this mindset must be changed immediately because it is not instant and requires a process.
At least before jumping in to invest, you should learn the basics first because this is very sensitive when it comes to money.
for beginners I hope they can learn first before entering the crypto world and for the old ones it would be better if we remind people around us if anyone wants to invest in crypto they must first understand how it works and the risks that will be accepted

the major reason why newbies fall victim to fuds from the whales trying to manipulate the market for there own gain, only weak hands panic sell because an experienced investor will never listen to fuds and panic selling.

not all beginners are like you said, especially those investors who are beginners before going down to the crypto world they first learn how to get profits and the risks that must be faced so they are mentally prepared and they are ready to take risks.

maybe this is very dear to what is experienced by beginners, maybe they don't understand how the actual performance of bitcoin is related to the doubling of bitcoin promised by some irresponsible people so that it makes those who are laymen easily believe in things but if they understand it we are sure their bitcoin will be fine this is only a matter of time, and we are all very sure that they will soon understand the performance of the bitcoin

It seems right but the majority doesn't even know what they do next after buying. They only know about holding but that was not enough to make become profitable, it is also a need for us to invest time in order to get some knowledge as it was advantageous than to those who have less. It can't be denied that even old Bitcoiners had also suffering tragic losses as it was because of emotion which probably newbies are more vulnerable to this.

You are right most people are the one's creating losses for them selves, some people when there see bitcoin price at a very low price there won't buy until it rises so high that's when there will jump and buy at the top later price dumps and there regrets and place the blame on bitcoin instead of them learning from their mistakes. We should stop the panicking, bitcoin has been through bad times and still conquered and will still keep wining, the golden hands are the real beneficiaries.

panic will not make the problem we have done will change but we must prepare ourselves that what we have done is a mistake in anticipation that may be due to the greed that occurs. but all of that is not the end of everything, every bitcoin purchase will always in time increase from what we bought, even though it was already high at that time. because the increase in bitcoin will occur every 4 years and will reach renewable ATH, so there is no need to be afraid because even if you invest it will always be profitable. Bitcoin investment will always be profitable whenever you buy it. there is no need to regret what you have done but stay strong to accept the fact and it will end soon with patience.

The worst reason for their loss is that the people who are new are investing without learning anything.so That's why they do their harm for  succeed in these thing , first learn when to be dump , when to be pump if we learn these things so I am sure you will never loss your bitcoin

Almost all of the above factors have happened to me so I lost, I have known bitcoin since 2016 and always repeat the above mistakes, since now I have learned to be better, namely by holding for the long term.

I agree with you. Newbies don't know about the word patience, they don't have patience. They panic when the price of bitcoin falls, and sells their Bitcoin. Only the strong can hold bitcoin and won't panic even when the market crashes. Bitcoin is an unstable Coin, which price rises and falls. And when it falls, you don't have to panic, because it will surely rise. It all about patience.

I agree with you but that panic is a result of greed to me. I believe most newbies think that engaging in Bitcoin investing is a means to making quick money and plus when you invest money that is not free, you might tend to react to every market movement that is not upward because of the belief they will lose their investment which normally is not the case because you only lose when you sell but since those investments are not free monies, panic sets in. Everything has to be right for you to be able to HODL when the market is dipping and this usually is not the case with most newbies. 

this may.be very concerning.with apq that occurs.to beginners.in losing bitcoin, in.fact we also don't.easily believe in.the name of duplication.carried out by bad people who want to double.our bitcoins.instantly and this is.very dangerous, especially for beginners.who don't understand anything about the problem, and we hope this doesn't.happen again in.the future

Not so much greediness, first must come the desire to make money fast which is why they commonly share their seed or connect their wallets to illegitimate entities losing their funds.
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Because they act too rash they do not take the time to look at what they're investing, and sometimes this is also caused by the other end using the old tactic of time pressure. All in all, people like the idea of getting money and they think is just that easy when somebody tells them they quadruple their capital.

And, scammers keep on getting smarter which is why novices tend to get caught up in their schemes. It will always be a case where new comers rush into investments and lose it all.

But disregarding that reason, I think it's more of the impatience that causes them to loss money, they panic when the prices are going down which ends up with them having to sell their bitcoin at a lower price because they're scared that it will only go down to that point. Plus, there's the short-term mentality of the newbie, they don't exactly think at the grand scheme because they're scared that it's all a scam at the end.

This is one of the problems why people losing their money.
How many years did Robert Kiyosaki, Warren Buffet, Elon Musk and other rich people out there took before they became rich? It took years and some took decades before they became financially free. As an investor, don't think like this. Don't see Bitcoin as a quick-rich scheme because that term only applies to those HYIP investments out there who will turn out to be a scam. There is no overnight success in crypto. It takes time to earn money so be patient, give it some time and just continue investing.

When an investor don't think of the negative things and he hopes that it just go up, up and up then there is a problem here.
Volatility is what makes people earn much money but at the same time, it is also the reason why people loss too much money. It just funny to see those investors who can't handle the volatility of Bitcoin and they are panicking whenever they see it going up huge or going down huge. Investing with emotions is almost always results in a loss and that is why investors often lose their money. They are very emotional with their investment.

Whales and FUD?? As for me, I don't really care about them because TBH this is one of the reasons too why I can gain profit in crypto.
When many are buying Bitcoin (including whales), the price goes up and at that time I already holding some. I will just sell it whenever it reach the certain price that I want. Newbies loss because of these negative news and like I said in the 2nd one, newbies often invest with emotions that is why they are losing money.

lack of knowledge about bitcoin. people will loss their fund because of their reckless to respond what if that state come to them. newbie need guidance from expert to do the next move. most of them will panic if bitcoin price fall.
and im not sure if people will follow unknow people to decide something important.

many newbies lose bitcoins because they don't understand crypto. plus their emotions that are still difficult to control make them often get carried away with anger when they see the market going up and down quickly. even though patience is one of the important points in bitcoin investment so you have to master it first. negative thoughts about crypto. Try a small capital investment first while continuing to understand market conditions.

Reasons for newbies loss in Bitcoin are:-
Lack of knowledge because they are new in Bitcoin they don't much know about how Bitcoin works, how to invest in Bitcoin how to buy ,what to buy and many more. They sell in panic and they don't hold and loss their money so patience is another important point..They have to do is learn more about Bitcoin then take another step. Before invest in any think twice and ask experiencd people.

newbies are people who enter the crypto market because they follow other people and without knowledge and experience
they buy when the bulls and sell when the bears, that's really funny

newbies can profit if they are more positive and calm minded when buying bitcoin or other crypto assets
the only keyword is don't sell when the market panics

I also think these 2 points are the major factor of a newbies lose. Well though i am not a experts i am also a slightly Newbie but when i started to my investment journey in crypto then what i feel why i was in lose. The reason was panic. I always in stress about the price, charts and finding something to make profit. Why price in red. Then i took bad decision sell in lose. Following telegram signal channel which was the worst thing i have done in my journey. This 2 point should be added too.

Like: 1: Stress and Panic about price charts red candles..

2: Following fake trading signal channels signal.

actually returning to the intentions and desires of each person himself because when talking about guidance, of course, beginners need guidance and advice that at least can be used as a reference.
but this is especially so in a sophisticated era like this it should not be difficult for that, because now there are a lot of good starting from the discussion, how to read the market and others have been widely circulated on social media even in the form of not only articles but videos and many other things. once associations like bitcointalk this can help their insight.
but the problem is whether they want it or not because most of the beginners don't want to bother looking for things like this they just wait for news from people and join the hype into the pump and dump. although not all of them are like that but most of them use this way to be in crypto so it is very likely that they lose their money here.

Such mindsets broke many newcomers to this market, the volatile nature of bitcoin lead those uneducated investors to lose

there hard earned money, knowledge is very important for those with no idea of the business that they are working with, the chance

of being scam or being moved by whales is very possible to happen.

So you think that education is the holy grail against losses in the most volatile market of the entire world? I doubt that a lot and it is not only newbies who are losing money. There are also pros as you would probably call them. Bitcoin can't be treated like other investments as it is unregulated. There could be a hurricane of regulation tomorrow, when you wake up. It might have been dumped to oblivion while you are sleeping. It is not that simple as you put it. I would consider myself experienced and yet I made bad trades as well. In my opinion that is quite normal in such a volatile market, volatile in terms of price and in terms of news.

If people just put in $5 at a time regardless of what the whales did the crypto space would very quickly resemble a constant short squeeze. I often thjink the whales dump right as the squeeze is going to hit in order to avoid having to FOMO in. New people don't understand who is in the water and panic sell just in time to lose the opportunity for profits. They also don't invest in a way to make money while going down.

These are the results of investing in crypto without having knowledge on how crypto works, what to expect in the long run and the worse situation that might occur. Volatility is the nature of crypto thus we cant expect the prices of the coins we hold to move upward only because it is high volatile and correction is inevitable. If only these newbies did their own research before investing their money then believing in FUD as well as panic selling can be prevented since you have knowledge on what to expect and has patience to wait for the right time to sell, because it can take months or years before we can see the outcome of our investment.

That's why there are newbies right? Even they read lots of basic fundamentals, advice, suggestions, etc. prior to doing trades, once they experienced the actual, there is really a chance that they will be choked on the way. Let them experience the bad outputs of doing trades then decide for themselves if they will continue or not.

It's way better for me that those newbies will experience lots of mistakes and problems in the early phase of doing trades so they will know and understand what should they do. Soon, they will try to avoid it by creating a strategy. There's no easy path to success and all newbies should at least experience these mistakes in order to learn

Maybe what's better to discuss is, "reasons for experience traders loss in bitcoin". :)

fraud perpetrators will obviously not sort out who will be targeted for fraud, so it is possible that old people who have been in crypto can also be tricked like newbie players in crypto.

fraudsters have indeed made this method a livelihood that will always be done because the opportunity is always available, maybe even now via telegram is the most vulnerable to being able to commit the most fraud.

It's very unfortunate that there can always be events that will happen at any time even though you may have taken quite a careful action, there will always be updates in doing that action, so always stay alert and don't be tempted by any help.

Lack of patience is definitely one of the reason, since bitcoin can't pump 1000x in a short time like those shitcoins around, newbies want to get rich over night with crypto and there's no other way for them to get that except they try buying those shitcoins which in the end they eventually get rekt by it, noobs need to understand that no one who has ever invested in bitcoin and held it for a long time has ever recorded any loss, but we can't really change their mind to see things in our way, so it's up to them to choose Btw getting rekt by shitcoins or holding btc and earning profit in the long run.

And that's how education comes into the picture. Trading without knowledge is something like gambling with your chances,

You need to have proper guides and sets of information to follow in order to expect and predict what might happen next.

newcomers with no idea of this market often losses their money because of a lazy way of thinking, investing thru influenced of

someone who has good understanding which is far in result as those who have knowledge can easily adjust while newbies

don't have that capabilities.

Right, the lack of knowledge regarding bitcoin sure is what made them experience loss, mostly. They might not understand much about bitcoin situation, the trend, the volatility and such, and for those people, they are being so afraid even if the price fall only a little, or fall quite much for short time. They will be panic and then most of them will panic selling, which will make the price decline even more, and more people will complain about their loss and such. Only if they understand that bitcoin can be really volatile, trust it enough and never sell in panic, of course decline won't happen, and the price will slowly increases back again. Really, people need to learn more before investing though, to avoid making mistakes that can be prevented.

I agree with number 1 and 3! These newbies think that because Bitcoin has risen so high compared to the past decade and has made people millionaires, that it is a pattern for everyone who buys Bitcoin. LoL. It's obviously saddening, in most cases, I try to explain that in as much as you can become a millionaire overnight, you could go to zero the same night. Volatility doesn't care if that was your savings or not. Also, most of them happen to buy because of FUD which can be bad. It can get really bad because they do not do proper research but rather jump in because it's trending and they are scared that another set of millionaires are about to be created and they won't be among. In cases like this, I'll advice we help them out. Because such actions lead to loses and then regrets, and then, they start bashing Bitcoin saying that it has taken their money or so.

As newcomers have no knowledge of trading and investing, they face losses in various ways and their cryptocurrency is lost. He must have a market relationship before newcomers come to cryptocurrency Must acquire knowledge well. It is often seen that newcomers unknowingly invest in a scam project which is followed by a huge amount of launches and invest in a scam project which is followed by a huge amount.

No doubt this are the pure reasons to which newbies lose to bitcoin, if there follow the due process by acquisition of knowledge there won't be no much losses, being informed helps us to be able to maximise our profits and limit our loss. It's better to learn and be informed before jumping in to the crypto space to avoid unnecessary loss or doing things ignorantly.

I think this is the main factor causing newbies to lose. Most people have only seen and heard, but they cannot understand the specific nature and power of bitcoin. Everything has to come from process and time, some people with high time demand on profit will be at a disadvantage, then panic and dump. Ignorance leads to lack of trust and loyalty.

Many newbies experience losses because they believe too much in other people's opinions, which are sometimes different from the reality.
Therefore for beginners they should not focus on making profits from Bitcoin, but it's better to learn everything about Bitcoin first. So will
understand how Bitcoin works, and will not think of Bitcoin as a tool to get rich instantly. It takes patience if we want to profit from Bitcoin,
because Bitcoin is good as a long-term investment.

If you are going to ask me, it is really the person's lack of knowledge of the investment and their lack of willingness to learn. When you enter the cryptocurrency markets, you must be armed with the basic information of what crypto is and how it works. Then experience will be the next teacher that will give you most of the experiences you need to become a smart trader or investor. You can try to become an investor of multiple coins but that also needs additional knowledge and additional effort so newbies needs to be learned for them to understand this.

it is possible that what you say is true and does happen most often, but it is not only beginners who experience it, those who have experience also cannot be separated from being done so that fraud can occur. but perhaps the old ones have begun to understand and are very careful to accept what they can from unknown information or give attractive but unreasonable gifts. so it is true that beginners in crypto experience it the most to be tricked by fraudsters. although it could be that the old can also experience maybe the portion is smaller. but fraud seems to have become a routine nowadays and it has become a separate job for them.

Well, the BTT forum is huge and full of interactions learning but it wasn't needed for you or your friend to be active and visit frequently. We know that this is not the only source of information when it regards trading, you can still make a search online or watch Youtube. It is really time-consuming but can't deny how it helps to build a strong trading foundation which I believe was lacking for newbies.

Even we have all the learnings and trading tools still, we can't assure that we gonna be at profit then, sometimes we got unlucky and losses come as a part of our trading life.

I don't know who tell newbies that bitcoin is a quick rich scheme that can make them rich over night. When you come up in bitcoin with this approach you will get disappointed soon and also lose your money.

True out of nowhere such a perception that mentions bitcoin can make them rich quickly. whereas all required process , learn from the experience of oneself and others .

That's exactly what I meant by the impatience, they get reckless which ends up with them doing stupid decisions that caused them to lose their money in the process. Lack of knowledge can easily be solved, just read more and you're good to go, on the other hand, impatience needs to be trained and you must have the will to remove that impatient behavior.

Reading is the most basic means to achieve a good life and will have good knowledge for the purpose of a better life, bitcoin is indeed a very promising investment and but still must be based on sufficient knowledge before doing it.
Most beginners are lazy to read to find out how bitcoin works and don't realize that the best options for bitcoin are medium and long term and not short term or get rich quick schemes, and there is a process to make good profits and also have to know when to buy and sell at right time.
Getting involved with bitcoin requires enough knowledge and strong patience to produce good results, be a smart beginner and don't follow people or news that makes you careless, do your research and studies well so as not to make mistakes and harm yourself by carelessness.

but some of them are not impatient but instead diving into market without complete learning and knowledge meaning they are the usually loser in the market while whales are starting to bag money.
those newbies that had been lured inside the market because of the easy to be rich scheme in which they enter without analyzing .
and many of them are those desperately needed money because of the pandemic and not knowing the risk of what they are entering .

That's not the only reason there's a lot of things which includes lack of knowledge and fall for scams, trying to enter trade without any knowledge and they don't know what they're doing and of course a lot of things like participating to DeFi that's a scam for easy money, ICOs that has no actual use at all and many more.

ya.ya.yo!

I really agree with point number 3, this often happens because beginners are still unable to control their emotions. Especially with unstable market conditions, this of course makes them easily confused and panicked to buy or sell their coins. Plus if it turns out that the coins they buy are at a high price and the market actually drops dramatically. Circumstances like this usually make them panic and sell coins at low prices.

Bitcoin is not just about buying at dip and selling at high, those who enter with this mind set ends up losing there money. I myself tried many times day trading (due to my greed) and ends up losing my money. You can earn profit in bitcoin if you have the patience to HODL for long period of time. As OP said, bitcoin is not about becoming rich overnight.

Many beginners come to the crypto market because bitcoin has become a boom this year and even millennials are trending to jump in because they want to feel big profits.
First come to the market because they want big profits.
Second, because FOMO means they are afraid of rising prices and end up buying without proper analysis.
Third, do not think about the risks that occur after entering the market.

So in conclusion they are too ambitious in this matter and in the end they will lose a lot of money without experience and guidance from others, so of course all of that requires a process and also patience in the technique.

I have been doing trading for a while now and whenever i have done scalping, i have lost or atleast missed out on the big waves.. The only time i benefitted is when i go on HODL mode and don't look much at trading market..
When a Big bull arrive, and you are scalping, you think that the profit has been made and now the time is to go out and then put a buy trade on low, which never hits and the coin go real high.. so instead of day trading, go for HODL,. My personal experience is that you have better chance of catching big bulls this way..

Note! This is all for the newbies.. Professionals are a different story.

Another reason is that not all of newbies know that they shouldn't invest nearly all of their money into Bitcoin. There are some people who are really doing this and this is so wrong. I always say that one should make investments which they can afford in case they lose most of their money. Bitcoin is not a guaranteed place that you can make your investment and have a good result in a short time. Bitcoin or any other cryptocurrency is volatile and it'll never change. People should consider this while investing into it.

These are mostly people or newbies especially losing their money in investing.
Additionally, the way they are investing maybe also not be correct.
they will put their money when the price is very high. But after the price of BTC is falling down, they are panic and then sell the Bitcoin within loss.
This will make their some money is lost.
Additionally, many people are also trapped in scammers. they want to get every high profits and they are not researching the investment. Finally, they are scammed and lose their money

One of the most important reasons for newcomers to Bitcoin losses is their ignorance and lack of knowledge about trading. They cannot control their emotions while trading.   They think that from a trade they will get rich overnight. Moreover excessive greed is one of the reasons for newcomer bitcoin losses.

The general reason for newbies that are losing money on cryptocurrencies bitcoin in particular, is the lack of knowledge and understanding on how the market works. Most of them were lured into pricing frenzy. When it is on bull run they tend to look at it as a lucrative investment but when bear market struck they lose faith and not discipline enough to be patient. Experienced investors just do the opposite well enough to stay within the  market and succeed.

Not just newbies. Even experienced investors if they really can't control their emotions and greed. They will also lose money like newbies.
To survive in crypto, in addition to equipping ourselves with knowledge, we also have to know how to manage our emotions. When we win ourselves I believe we will be winners in this market.

I think the reason why newbies lose Bitcoin is much more than that simple. Maybe they do not have the freedom of wealth, so they have to take greater risks. So when I first entered the currency circle, I wanted to understand this. Of course, I did not succeed, but the unsuccessful adventure is not without meaning. The experience that the loss brings to me is very precious.
At first I felt that I didn't believe in Bitcoin and I didn't have enough ability. If I really believed in Bitcoin at the time, I should continue to make money and buy the bottom when I buy Bitcoin. When the market value is the highest, I also have considerable wealth, so belief is very important. Believe that you can hold Bitcoin is the ultimate believer.

Market sentiment is a very important reason, and it is also a problem that is difficult to overcome. This is the root cause of human psychology to make some decisions. Often people cannot control their own emotions. This is the most direct reason for losing to Bitcoin, whether it is Novices or old investors who have entered the market have been emotionally manipulated and lost the coins in their hands because of panic. After a few days, regrets filled their minds.

beginners lose a lot of bitcoin, it's natural because they don't really understand trading and understand market movements and they panic, that's normal, over time they will get used to it and they will understand, of course they will not repeat the same mistakes.

Experienced traders most of the time buy when fears inside the market,

Sell when hypes happened and rinse back and do the cycle again and again. Some portions of their investment is for the long term.
and other portions are for short or day trades, it's difficult as both newcomers and old time traders can mistakenly expect
the market, it's just the patience that old-timers have that gives them a good edge against newcomers.

it's the emotions of newbies that make them lose, as you said an expert takes advantage of the moment and knows when it's time to sell and when it's time to buy in contrast to newbies they buy when the hype occurs and sell when the price drops
and I think the newbie's biggest mistake is when the price drops they panic and choose to sell in contrast to the experts where they prefer the long term when the price drops suddenly when they are not standby or buyback at a lower price

in investing there is always a possibility that there will be losses not only because he is new or has been in crypto for a long time. but I actually agree with your opinion, because investment with impatience and a high sense of panic so that when the price drops from when buy, you are immediately confused and try to sell so you don't lose too much. but it is actually a wrong thing, because if the investment can be ascertained it will always increase from the time of purchase but it does take a long time at least it must be in accordance with the halving, period every 4 years. so it takes patience to invest because it takes a long time.

It's not natural, there's a lot of people that have experience, so it's worth asking them if you want to prevent losses, it's not like the resources aren't there yet to help you, if you're a newbie, always seek out the help of someone that knows what they're talking about to prevent the possibility of losses. I think it's the pressure that makes a lot of newbie lose their investments, they panic when things get heated.

It is not only experiencing by newbies, old Bitcoin users also experienced it sometimes. Due to forgetting is the nature of human beings, there is always a chance to do it at any time. But it can be avoided by committing to be discipline and be more careful in managing Bitcoin wallets. In this way, we can build self-awareness to remember the crucial thing in managing our Bitcoin asset.

Whether you are a novice or an experienced investor, if you want to continue working in this industry, you should have the knowledge and skills required by the industry. Novices are not familiar with the market and always trade because of an unstable mentality. Once you find that the market is not good for them, novices can easily panic.

Not understanding the market.
If you lose your own funds in crypto, you will be afraid of investing in crypto.
Uncontrollable emotions, emotional investment.
Follow the giant whale trading blindly. Believe some media reports.
Distrust of coins.
Relatively greedy and impatient.

  Most reason why more newbie loss in Bitcoins because they are not sufficient of knowledge they did not read the regulations, the advantage and disadvantages , also being a greed person who just think to rich in just a second they are the reasons why they loss in Bitcoins.The thing could do in Newbie they must read the as possible they can, and don't be a greed person to avoid lossing in bitcoin.

Newbies are less patient waiting for the coins they buy to go up. They don't know when is the right time to buy. Most of them buy when the coin price has gone up tens of % while they sell when the coin price drops. Whereas when the price goes up, it is the time to sell, while when the price goes down, it is the time to buy.

Do you really understand lot of bitcoins are worth how much these days? If you are trading in bitcoin and market witness dumps then losing amount is common only if you have sold your coins and were impatient to hold that's what is called panic selling which is mentioned above.But if you are saying losing more and more bitcoins every time and then say we learn from mistakes then it can be most expensive mistakes you could have made in your life.So better learn first of all then enter the market because no knowledge will cause you loss both hands.

Lack of knowledge is another bad thing which can lead to great loss in crypto, most newbies who comes into crypto newly sees shitcoins with it's high pumps and there get too excited jumping in at the top and when a market correction occurs the price of the shitcoins they invested in dumps badly on them thereby causing great loss, since it's a shitcoin there is a probability of that coins rising to it's previous ath and the newbie with lack of patience sells at loss.

When entering the market early newcomers have much less knowledge about the market can't understand the difference between currencies greed for more profit is affected and badly affected loses everything. There are many markets available and you've got to form your choice consciously you want to know the market and also know your preferences business market news helps you to know the market then make the proper decision. Market volatility when the worth fluctuates you get more chances to form a profit.

Great insights! Just for an addition, Most newbies forgot how vulnerable their assets are from online scammers and hackers; you could lose all your funds by just logging in to a fake website. This could be a hard lesson to experience, so it would be better to learn it before jumping in; reading rules and guidelines is also essential as we see platforms blocking accounts by just not following a single rule.

actually they don't understand the market cycle yet, they just jump in and hope the pump continues to make a quick profit. There's a lot to understand about bitcoin, cryptocurrencies and how they work. I think this will continue to happen as long as there are beginners who don't want to learn before investing.

I'm sure bitcoin is waiting for me to buy it with my insignificant savings, which I have been saving for several years ($ 2,000) to fall.

One of the big factor that hated by most newcomers, losing money after thinking that they can grow it,

but scammers and hackers are everywhere. They are just waiting for good timing to hit you up and suck

your money. Very important to learn how to secure yourself and your assets to avoid losing everything you

have just like how you describe it.

This has happened to me when I first got to know bitcoin, the first time I bought bitcoin in 2015 at a price of $260 and panicked when the price dropped to $230 in 4 days, and I immediately sold even though I lost, now I'm relaxed when I see the price drop instead I will buy again.

they are reckless when the price goes down so they panic and they sell it they are afraid of losing money but over time they will not repeat this I have also experienced something like that I sold when the price went down maybe everyone who is new to trading has experienced the same thing.

I think The psychological panic is the biggest threat along with the lack of understanding and trust that makes it easy for many newcomers to receive bitter fruits and losses. Some have misinterpreted the market to make easy and quick money  realized - Rekt for them.

Newbies do mostly think off about making quick bucks or easy money or making themselves rich overnight and this is why on the time that they do faced up the reality then
this is the time they would really get frustrated and some do really turned their backs and some do really love to learn more about crypto and which turns out to be a supporter
or enthusiast and this is where the community becomes even more bigger.Losses are inevitable because market is unpredictable but if you do know on how to play with the
market or simply able to ride with the waves then you would really be finding this place to be a good one.

fomo, indeed this is the most often fatal mistake for newbies. Moreover, many news portals broadcast the increase in bitcoin many times, so they join without any preparation, in the hope that they will soon get a lot of increase as well. some are lucky, and some are not. turned out to buy at the peak, and then the price continued to fall. even though it was their own fault, but many later said btc was a scam and bubble.
knowledge is the basic thing to have in order to survive and make a profit here. if not having much luck then we should at least have a lot of knowledge.

Newbies are loss their money cause they are not aware about their privacy. Many times they can't store their private keys properly and they don't understand its importance. Many times they unknowingly reveal their personal secrets which leads to scams.
Another reason is that after they get greedy, they get lured offers and get involved in scam projects. But as the wisdom grows, they learn to distinguish scams and gradually learn how to protect their privacy online.

I believe that first of all it is a lack of education. Everyone thinks that bitcoin is easy money, buy it and get rich right away. But we all know that there is no such thing as easy money. And bitcoin does not grow at such a rate as we would like it sometimes. And when it grows at the right speed - we don't have time to buy or sell. I do not even know what to advise in this case for beginners. Perhaps just to entrust their assets in experienced hands.I would recommend to read about what "Pump" and "Dump" are here (https://cryptopumpnews.com/analytics/crypto-pump-telegram-channel/) and how experienced traders earn on them.

One of the main reasons why newcomers are facing Bitcoin losses is the excessive greed of newcomers and lack of confidence in the Bitcoin market. If they invest in market analysisDo not face losses.

I particularly agree with the first reason OP highlighted. One of the reasons, in fact it is the major reason why newbies lose money with bitcoin is because they have wrong perception of bitcoin. They believe bitcoin is a tool to getting rich quickly. Many even presume they can do it overnight.
This is why they use big leverage in trading simply because they believe they can make so much by doing that but they only blow their account by doing that.
Bitcoin isn't a get-rich-quick scheme. It takes patience and continuous learning to make money with bitcoin.

Currently there are too many scams, some are real, namely by making scam projects, and I have been hit by scam projects several times, I don't think there is a guarantee that newbies or masters can be free from scams, as long as there are projects and exchanges there is a chance to become a scam is very open.

New to bitcoin will certainly obtain a sense of easiness because they think bitcoin is quick rich program but the truth it's a opposite. With the volatility we are dealing with, it's a first problem we are having with and to newbies they panic so fast and end up selling losing in the end. We all experienced all of it and the best teacher will be always from the bad experiences in crypto, it will teach us to be strong and not to panic whatever happens to the price or FUD and remains a diamond hands.

a step or a way that we have to learn,, with patience the worst thing will not happen a small example of losing an opportunity if the price starts to rise and at that time we have released all assets until they run out..
and that's my main key so that mistakes don't happen again.

Everyone grows up slowly from a novice, and everyone has a say. After experiencing it in person, the impression will be more profound, and only by facing it in person will you accumulate experience.At the beginning, I didn’t understand the market trend, and entered the field that I was not familiar with and could not grasp.Whether you can persist and get the benefits you want depends on how much everyone is willing to pay for it.

Most beginners have the psychology of getting rich overnight, thinking that the currency circle has high returns, but at the same time the risk is proportional to the return. When they are unfamiliar and unable to adapt to the market proficiently, they still become very confident, and they don't even understand some words and trends. Indeed, I have really met such friends. He didn't understand what I was talking about when we communicated. I think such investors are very irresponsible and treat themselves. Irresponsible, failure is justified and destined.

Yes, this is the only reason we often hear from beginners who have to lose some assets from their portfolio, because they are very greedy, even when entering the market they do not care about the current price movement at all, thus making them willing to buy at the top price and in the end they sell when the price is on a decline, because they panic and don't want to hold on for long.

They think bitcoin is a get rich quick scheme. They lack that quality patience. The newbies cannot manage  their greed. They always panic and sell off their token at loss . They also neglect the need of doing their own research before investing in a particular token.

This may be one of the reasons why they think about the cryptocurrency market at all before investing. But the most significant reason is that they are tempted to get rich overnight There are those temptations that cause losses instead of profits from Bitcoin.

Reasons for newbies loss in bitcoin:-
The first I can say that the newbies influenced by others who can earn profits or multiply bitcoins in large amount to make higher price and newbies think that's easy to earn profits and influenced by these people's and they also start investing or buying without taking full knowledge to anyone's about bitcoin and learn more about bitcoin like what is bitcoin how bitcoin works and many more. Other reasons is their plans in a greedy way ,they don't have patience ,they took decisions in a hurry and in panic they sold their coins , lack of knowledge I am not saying all newbies are do the same but most of the newbies loss in bitcoin.
I just recommend them to all newbies that firstly you learn more about bitcoin,if any doubts any problems ask experienced person and last but not the least before doing anything like investing,buying take a knowledge learn more about bitcoin what you are going to doing,make plans, don't be panic and start with a small amount. 🙏

my friend that new in this world, try to invest in bitcoin when the price low, (before the last highest). but, he never have patience and just sell when the price drop just a little. he lost some, and regret after know that the price is grow. view month ago, he join on some telegram group for crypto, and loss money again because of scam.

for new beginners they need patience so as not to be careless most of them are too quick to draw conclusions when the coin price drops meaning they panic sell they usually regret after selling their coin because if they don't release their coin they will make a profit.

Because all they have in mind is how to earn money without knowing the market and process, according to points no. 1 and 2. Panic selling and buying trends at the wrong time is a mistake that must be avoided, time gives us the knowledge how to get rich ?,, is to do the right thing at the right time. emotion is everything to take profit without loss

number 1 most obvious reason. beginners only think short term if they can get what they want fast. and they are willing to dive into bitcoin with their kitchen money with no experience. In addition, the market hype push makes them more passionate and uncontrollable. this is what causes newbie to easily lose in bitcoin

The main reason is they have not enough knowledge about Bitcoin and crypto market. They are not aware of Crypto currencies price falling. Most of them are being greedy and want to make profit. For this reason they buy token when the market is high and they hold Bitcoin when they need to sell them. I think this problem should be solved if the new Cummins gather knowledge and then start investing on Bitcoin.

lack of knowledge is the cause of all that, it is very true as you said people should study it first before doing anything to reduce risk, and also many beginners with greed want to make a lot of money in a short time to cause many mistakes to cause loss.

It cannot be determined by them because they're new and every single price action of bitcoin can be said and speculated as its lowest and highest.

That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.

A beginner is required to understand first how to best use bitcoin, especially against trading that is not easy to do. Most beginners will always feel panicked when the price goes down, especially the movement of bitcoin is very volatile, of course controlling emotions is the main thing to be able to control well what the next step should be for a beginner.

It is very important to learn how to work with your own funds yourself, and not seek help from someone else. If a person listens to someone's advice, then he misses the opportunity to learn and gain experience from his transactions, he will not be able to conclude what was done wrong. It also greatly increases the risks of getting caught by scammers, which often leads newbies to a loss of funds. It's early to sell, this is one of the most common mistakes, a person sees a slight fall and in a panic hurries to sell his coins, but if he carefully read the forum and used the experience of people who is on the forum  many years, he would know that perhaps one of the best strategies for today is hold.

Yeah agreed. Some newbies wanted to get rich quickly by buying bitcoin overnight. Not knowing the volatility within market and the marketcap. These newbies like me before saw some videos in youtube which get us thinking that BTC could hit 100K$ which could give us wealth. By wrecklessly investing in its ATH, we lose BTC and tagging it as scams. However, reading here in the forum makes me knowledgeable in crypto space which is priceless.

Bitcoin is the introducer of all other cryptos. When a newbie enter into crypto world, they think Bitcoin is the main source to become rich in short time. So they invest in Bitcoin without have any knowledge about trading time. So as they invest in wrong time, they lose money instead in Bitcoin. Moreover, they are less patient then others and try through some scam platform also where they have to deposit Bitcoin for earn and loses the Bitcoin

What you say is true, most newbies have a weak mentality and do not have sufficient knowledge about Bitcoin. So they will panic if the market
suddenly turns bad and can't control their emotions. In the end, newbies will immediately sell their Bitcoins when the market falls, because they are
afraid of losing all their capital. That's what makes newbies experience a lot of losses when investing in Bitcoin, therefore my advice for newbies
to learn all things about Bitcoin first, in order to know how Bitcoin works. So don't invest in something we don't know about.

In my opinion, the most important reason that harms newcomers is the first reason you mentioned.
It is true that there are severe pumps and dumps in this market that can make people rich, but sometimes the growth of a currency based on technical and fundamental analysis requires more time, which many newcomers are unaware of.

it's true as you said friend, not only beginners who lose bitcoins even seniors can lose their bitcoins, because it's caused by their own greed, and don't control the market well, if beginners lose bitcoins it may be caused because their mentality is not ready, because they are still afraid of negative posts about bitcoin, sometimes beginners still believe the media that says negative things about bitcoin, because most beginners can't tell which news is true and which is fake news.

Simple they have no idea about trading  ,  they think it's going up they invest they don't learn  and remember   the best way to earn first you have to learn a lot ,  they jumped into the running train and they lost .

the emphasis may be other than this is to try to do your own research and don't focus too much on other people like influencers and billionaires.
following people like this is indeed allowed but you also have to at least have research and a lot of information in finding out so that you don't make wrong decisions.
because many people are wrong in placement is when in this phase they follow what the influencers and billionaires say but they don't know the right position to start and end.

Without further knowledge within the field that they've invested, emotion will conquer them mentally.
but because of experienced if these newcomers learned out from this hard mistakes change will lead them to survive and succeed.

Most people who believes that there are always good open opportunities will continue to chase one for them.

They will not allow this failure to stop them, else they will use it as inspiration to continue chasing their success.

It is okay to seek help from others. And those others should be more knowledgeable to you and their approachable and the most important is that you know them well.
You just don't cross to anyone that you want to ask help for but you really don't know the background of that person. There's nothing wrong to seek help if you really don't know what you do.

Some effective criteria should follow by newcomers and beginniners.

Shouldn't have over greed
Should control emotional at the trading
Investment plan should clear and should have deep knowledge about project and market.
Don't loss patients

if its sounds impossible why should one believe it ? you can multiply your own bitcoins but entrusting it to someone else is risky as it can lead to scamming .
 this is one of the case why newbies lost their btc because they didnt know that they can invest in their own but to invest on our own we must also chose the right wallet , a wallet where own our keys  .

Lets face it that most of the people lured into bitcoin are speculative in nature . When they see the $ sign they immediately jump into bandwagon without having to understand the nook and cranny of it cycle and economics. Just like the economy of bear and bull market has presented to a new and upcoming investors, they are pretty much eager to dive into. Better rad an have a better grasp on how the cycle of bitcoin evolves.

One of the main reasons newcomers face losses in bitcoin is the wrong tools and platforms which they are choosing when considering investing in bitcoin or buying it for the long term. For example, there are many platforms that allow you to invest in bitcoin without giving you control over private keys. It is a common occurrence, and many newbies don't understand the risks and dangerous consequences of such methods of cryptocurrency holding. If a platform is dishonest, of which there is a lot, all bought bitcoins are gone for good, and there is no chance to figure out whether or not they ever even had bitcoins for selling.  Likewise, if a platform is relatively honest, the risk remains. The honest platform could still be hacked, which usually results in the loss of all of your savings, or they can introduce new restrictive measures such as KYC, AML, etc. If you happen to live in a "blacklisted" country, you have no chance to pass KYC procedures, so you will lose access to your funds forever.

It's very hard to learn more about cryptocurrency i lost many times by not listening to my coach knows as my master who refer me into this awesome opportunity, so i do some researches on my own online to know more of it and by now i think am not an amateur anymore but it's interesting when you gain or loss because it's shows you more knowledge.

Yes that's right, if we often hear advice from experts then we avoid scam projects, to become expert traders then we must have patience and always learn, without learning then we will lose.

Correct! This is right, Patience is the most important in trading to overcome the great loss. Sometimes i encounter some losses because i am afraid that tje price will continue to go down but if you have some patience you will HOLD it until the price will rise.

Mostly these 3 things happen -

1. They invest in a Ponzi and their company runs away with their money.
2. They use some free wallet and again the company run away with their money.
3. They install some trojan through a program they're unaware of and the hacker steals their bitcoins.

There could be many possibilities but I thought it's better to post easy-to-understand ones.

Whether the gain or lose is normal and it does not call for pity or self estimation. Losing in Paramount to business and all business as it own risk taking ratio that you need to consider before entering a trade or investing in an asset. When you start something as a newbie, there is high possibility that you will make some certain mistakes that will make one to be stronger at the later run which is part of the success story. This is why learning is constant, when you start to unlearn, you become a loser at the later run.

Sometimes being a newbie does have to learn from the mistakes that have been made, so as not to repeat the same mistakes in the future.
Newbies who never give up when experiencing losses, will be able to survive and succeed in the crypto world. This means that there is nothing
wrong with experiencing losses, but how to deal with the losses that occur is much more important. Continue to learn and always never give up
the pursuit of success we must instill in ourselves. This will lead to being a successful person, every successful person must have experienced failure.
So for newbies experiencing loss is not the end of everything, but it can be a hard way how to understand the crypto world.

this is very unfortunate why beginners can lose their bitcoins, in the future we have to be more careful with people we just know such as not giving our passwords or their passwords to that person because this will be very easy to hack, let alone there are so many people who are not responsible for our account, this is a step that we must be aware of for the future

I am remembering how I learned about bitcoin. My first source was here in this forum I started to join the bounty campaigns but while doing the bounty hunter tasks I was interested in learning about bitcoin.
I must confess that I am self-taught, nobody told me to create an account here or on any other site related to cryptocurrencies because the initiative was totally mine.
In addition to the forum I learned about bitcoin at https://bitcoin.org/ (https://bitcoin.org/)
It was my best source for creating a solid foundation for my knowledge.

When a newbie loses money I agree as you say it is because they do not assume their responsibility as an investor and before starting they should educate themselves and should not fall into greed.

market participants who do not have complete knowledge, but want to make money fast and make a lot of money in a short time. They do not know that the scammers are trying to slow down, waiting for them to trust them to trick the uninformed into a sophisticated scam, in addition, panic also causes newcomers to lose money, the market turns. act because whales are trying to manipulate their emotions. Falling prices and panic always lead to feelings of fear and selling at a loss.

Everyone indeed, no one can raise his hands and declare that he's an expert the very first time he steps on this business.

there's always a process, and those who wanted to lessen the chance of losing their money are the one who deal's doing their research first.
it gave some good edge if you perform your DYOR before taking your step in this business.


You are doing a good favor to your investment if you continue to chase learning more ideas while you are in this industry.

I think many beginners who fail are in factors 1 and 2 . They think bitcoin can make them rich overnight. When in fact we also have to learn to become a successful trader , it all starts with a small value . Especially with a small capital but hoping to get rich overnight .. that's a stupid thing.

Well, if you going to count me helping out to my poor peers at home an opinion then you are telling me that if they believe in me they will experience losses. If my peers did not ask me and relied on other internet guru's and crypto experts out there and they failed, even if what these experts say are true and should have followed closely, and others have succeeded following it, then the peers will be blamed as others followed and it worked. It is not really as to who they listen to ok, just want to leave that thought right here. Whether it is me, or some Legendary user here said these advices, it is really the one who listened and how he will execute these opinions that we have that will give them a difference between winning and losing their investments.

You can start with any desired amount but don't hope for becoming rich overnight schemes as they are not gonna work for you.Learn the market rules and then jump into it but people loose because of their mistakes and then blaming bitcoin for it is not going to give them any benefit or return of funds so it's better to have knowledge and patience for it.

There are many reasons for newcomers to Bitcoin losses which if not followed properly can lead to huge losses. The reasons are mentioned below.

Excessive greedyness
Lack of enough knowledge about market and cryptos
Lack of patience in trading
Invest on shit project.

I agree with all the factors you've presented especially for the 3rd reason which makes most people panic sell but we can't blame them since not everyone can afford to sit back and watch their money get burn in the market.In addition, we should set aside our emotions when we decided to invest in BTC and don't let it take over your decision over your BTC. Invest in knowledge first before considering this type of investment.

Trading. Trading can lead to big gains in Bitcoin, but it's not without risk. In fact, the movements in the price of Bitcoin are so great that it's very easy for even experienced traders to get whipsawed and lose a lot of money. Trading Bitcoin poorly is therefore probably the easiest way to lose money in Bitcoin.

This kind of infomations are what the newbies need to learn and research more in order for them have a good and high success rate in buying/hodl bitcoin. Additional to this is the Panic Selling in which they tend to sell if they saw a sudden crash in the market. Well we cant anticipate where this time will hit but if you research good enough you can predict it. So overall, panic selling while the market is on crash is one way for the newbies to lose. How ever it is also a good opportunity for them to buy additional bitcoin.

I agree with all three points, but I believe that the no.1 reason is carelessness. I have heard about numerous instances when newbies lost their coins, due to careless handling. In some cases, they purchase a hardware wallet and store their coins in it. They forget to keep backup of this wallet and if the wallet is lost, then all the coins are gone. In other cases, they never bother to activate 2FA or email confirmation in their online wallet. Such wallets are like easy pickings for the hackers and crypto thieves.

Carelessness due to lack of knowledge, It's tough to see those newcomers who losses their money.

Forget about the wrong impression that this market is a place where it's an easy way to earn a decent amount of money.

Indeed, this is a good venue to invest in and have that equal chance to make some to huge amount of profits, but always
remember that it's your knowledge that will lead you to succeed.

My opinion is that, if you are a newbie for not only BTC but also any other financial market also, you must be studied in depth before investing or trading. if you didn't study about the market then definitely you will be lost because of the lack of knowledge. I know about a lot of people who lost their money by trading and investing without prior knowledge about the market. I spoke with them and they told me that they invented the market without much knowledge. so if you want to be a profitable investor or a trader, then first of all you must want to study the market.

When novices just start to buy btc and the first decline occurs, novices generally panic because they do not understand the mechanism and trends of Bitcoin. They are likely to buy btc only after they have heard of btc, so they do not have much confidence in btc, and it is normal for a sell-off to occur. When novices earn their first wealth, they will often sell bitcoins out of excitement and enjoy the fun, so novices are not very familiar with it and will not hold bitcoins for a long time!

I would like to add something to this list also. One of the other reasons why newbies lose too much money is that they are becoming really greedy. They want to buy Bitcoin with nearly all of their money which is so wrong. Because as we all know, Bitcoin is a volatile cryptocurrency. You shouldn't trust it fully with all your money. We don't know when it will go down sharply or go to the moon. Maybe it will go down to a very low level and it will stay there for even one year. In this period, it will affect you deeply as you already invested nearly all your money into Bitcoin.

And some people among these newbies are panic sellers. They don't know how to manage their investments affectively. When the price goes down quickly, they panic and want to sell a serious amount of their coins immediately. But they don't know that it will harm them in the long run as the price will recover after some time.

Most of the people who are new in this platform make some common mistakes which can lead to big losses. For example, many people invest a large number of amount once in the hope of making more profit without realizing it. There are so many rumors on going around the world. Here newbies are Victims of fraud.

Investing without learning, stupid thing to do.  They just think of earning and double or triple their money, they don't think the high volatility rate of Bitcoin. Patience is the Key.

I would agree on the post but I don't think pump and dump schemes produced by whales solely affect the newbies, it affects everyone who invested in bitcoin in my opinion. FUD however, would always originate from the people who barely know what bitcoin is so I think these two come hand-in-hand. (e.g. newbie loses a lot of money because of a dump, gets upset about it, spreads FUD amongst the public therefore dumping the price even more). This has been the case for the most part of cryptocurrency's history. Now the first two reasons can be absolved by learning how cryptocurrencies work and their ins and outs. the only seemingly uncontrollable factor that could affect a newbie's loss in crypto is the latter part.This is so true, unless you really don't have a choice, you shouldn't put all your eggs in one basket as this rids you of all possible backup plans that you could possibly take in case your first option fails. Most newbies go balls-deep in one coin and complain that they lost a lot when the coin dumps. This became so common that the meme phrase "buy high sell low" had become a staple joke between investors when advising new comers because most of the time, this is what they would do at the sight of a bearish market.

I've found a lot of people do understand volatility factor if Bitcoin, they just happen to cave in and panic cell when things aren't going well. You can put in whatever you want into bitcoin and within the next 10 years you will see returns. That isn't to say there won't be massive crashes from now until that point, with new investors jumping ship.

Experienced mostly the best learning process, indeed many newcomers losses their money after investing in this market.

There are many factors, but the main thing is the lack of information about the business that they are entering.
but along the way, after many struggles, they will learn and, after that, they enjoy the good benefits of investing
using bitcoin or any alts that they used as a token of their investment.

Newbies, mostly the victims, in any trading business expect that whales are present. Without any knowledge of their existence,

you are gambling with your money, make sure to know how to handle this kind of investors, know how to work well with any possible manipulation that's mostly present in the market.

Newbies tend to lose when they don’t study past record of the market volatility. Also, they tend to deliberately ignore the fact that Bitcoin is not a short term project.

Lack of self-control;
Too much knowledge of the latest market trends;
Delays in making decisions about difficult financial issues;
Leave the previous market uncertainty behind and think that both bull and bear markets are predictable;
The full energy is not concentrated on all the investment portfolios;
Avoid unfamiliar investment products;
Unwilling to sell underperforming investments;
The tolerance for risk always rises and falls with the market.

For bitcoin of course there is no doubt if newbies practice by investing directly. investment without analysis is gambling, crypto is a real project but many are scams, study in detail the team composition, if in doubt then ask a trusted source, especially in this forum, if convinced then invest immediately.

there are a bunch of reason why newbies have losses when it comes to investing in bitcoin, the most impactful one is the lack of knowledge when it comes to cryptocurrency, because many people believe that if you invest in bitcoin you will be rich overnight which is a wrong mindset. bitcoin's market is very volatile meaning that the price of bitcoin will always go up or down depending on the demand on it. so if you think that investing in bitcoin will make you rich instantly, then you are wrong. you must first invest in knowledge about cryptocurrency before investing money.

Yes I totally agree with your opinion lack of knowledge, panic, impatient, putting high amount and greedy plans these are some reasons for newbies loss in Bitcoin.

In addition, people should be aware that it is not recommended to invest nearly all of your money into Bitcoin. Because if you will not be able to afford that big loss, you can be in a really big trouble in case you lose all your money for example. People should always invest with an amount which they can afford later in a bad situation. And one should never take loan to make an investment into cryptocurrency also. It is just crazy, you know.

Even the news of FUD makes a very cruel trap for beginners to lose money because of ignorance so that they will sell even at a loss, behind all this because their mentality is very weak.
A few days ago bitcoin fell because some said it was FUD or bulltrap and other types but without us realizing all these things have become commonplace in bitcoin, and will surely become a frying pan by a group of people who can buy low, but in reality now bitcoin has begun to crawl again, it's a sign that in every certain sector there must be control.
So beginners have to understand this and most importantly by holding back a little it will be much more difficult in the future.

it's needed to assess well and understand what are inside the business that you are planning to invest in, with the right mindsets you are good to go.

Yeah, this is very important, if you understand and you are capable to work things out, the chance to earned decent is really possible to happen.

Very wrong! you need time to think back and make sure how ready you are with both risk and chance of earning a lot.

You have to spare good quality time to learn more deeper inside this investment opportunities.

Today I was talking to one colleague in my company. He told me that one of his friends recently lost a huge amount in Bitcoin. I was perplexed. I told him that it was not possible to lose that much, because Bitcoin has been close to ATH level, and the most recent correction lasted for only a few days. Then he told me that this guy invested in some shitcoin and not in Bitcoin. I really got angry and scolded him for equating Bitcoin with shitcoin. These idiots lose their money by investing in shitcoins and then they blame Bitcoin for that. Some of them don't even know the difference between BTC and shitcoins. For them all the cryptocurrencies are Bitcoin.

Being a newbie, they tend to fall in to panic sales during market manipulation. Many start investing in crypto by hearing their friends earning a lump of profit out of a coin. Hearing to it, they get exited to earn like their friends earned. Without basic knowledge on trading, they invest on the same coin their friends invested and loose their money on panic sales or by choosing the wrong coin. But later they tend to slowly learn from their mistakes where by then they loose all their money.

Newbies lose in bitcoin because they think they know it all in the areas of investment. They see their facilitators as the cause of their profit delay for not allowing them to start their own investment .
Many newbies are still experiencing lost in bitcoin because of the following reasons:
1) They want to do it alone: Many newbies are still regretting for their lost because they want to do it alone without the help of a mentor.
2) Short cute: Many newbies want to take short cute to make their profit that is leading them to lose in bitcoin.
3) Lack of information: They lack forum information when investing. They think they can make a good profit without getting good information from the right sources in the forum.

Too much volatility in bitcoin is really threat for every newbie because no one know about this all price movement and even peoples with some good knowledge and education face some serious problems everyone needs to understand about trading which is very basic for entering in crypto.
 
Many newbies completely fail to understand and sell their coins in lost and leave this market forever because they feel they are not able to handle this all situation.

Worst thing is mostly newbies relay on others opinion and keep listening which hurts their confidence and bring some chaotic in market which bring big loses and serious problems for all investors.

@wiss19You are right and I even feel it's due to lack of knowledge about BTC and market movements. The newbies are unaware about the price movements and whenever there are high fluctuations, especially towards the red zone, their panic button switches on and they sell it instantly, unaware that the market always bounces back after sometime.

That is what's happening in the market that people once invest in some shitcoins that will never go up and then whales start dumping that coin and they could lose all their invested capital and then blame the btc and market for the same as usual and we can't say anything for these people so better leave them ignored.

this is very unfortunate with what is experienced by beginners so they have to lose bitcoin, of course as beginners we have to be careful and don't easily trust anyone especially when they say they can multiply the price of coins by an amount that does not match expectations.because this does not apply in the crypto world, for that we should not easily trust anyone, including scammers

I think it's not only newbies who are still doing this, many seniors are still trapped.  get rich in 1 night and the bitcoin price will continue to rise it's really impossible but many people still think so.  I will immediately sell when the bitcoin price reaches the high point that I set and will wait to buy back at the lower price that I set because I am aware of the volatility of the bitcoin price that will definitely continue to happen..

Newbies invest here just thinking of profit and get frustrated when they make a loss. And because may be they have been heard from someone (Friends or Colleagues) that investing in Bitcoin can make they rich overnight.

The biggest reason should be greed actually. Because newbies generally think that Bitcoin will make them a lot of money if they want more all the time. But this would backfire also. As Bitcoin is a volatile coin like the rest of the coins in the market, people shouldn't trust its price all the time. This would lead someone to a huge money loss. Investors should always plan their investments nicely before making them.

I agree .. So the loss or loss of money is not always because of a beginner but even seniors can lose money because of these factors, it could be because of greed or feeling never satisfied, emotions etc. For a beginner, I think it's natural that he should experience failure, considering the lack of skills, information and not much community environment.

Not only beginners but also many senior people loss in btc  because of their stupidity and  not having proper knowledge about market  and also their patience level . They don't want to loss and this behaviours made them loss .when price began to fall down that tym they sell it without having patience , they don't want to hodl  patiently . As a result loss happen , not only for newbie but also senior members

Most new entrants to the cryptocurrency market mostly 70-80% of people lose money. In which, they do not study carefully, lack of understanding, invest in haste, but have fear and cannot control their emotions. Wanting to make quick profits, they mainly participate in interest-paying projects, in the style of calling for investment capital in the form of interest payment. Because, these digital currencies do not stand on the international floor, but they only trade on the internal exchange, because the buyers exchange with each other, so it is easy to be cheated.
The entire blockchain and cryptocurrency space is very volatile. And the technology behind it is very confusing, so unless you are very passionate about this market, don't view it as a get-rich-quick scheme.

Starting an investment with a large capital and not having knowledge of market laws such as "Supply and Demand" makes a beginner quickly panic. The first and second points are the main factors causing losses. not only beginners, old traders also have to change the get-rich-quick mindset and volatility as a benchmark for market conditions before investing. With market conditions that can't be predicted with certainty if using isting then losses are very close to us.

Newbies mainly lose in the Forex, because of their lack of knowledge and skills. Without proper practice in the Forex, you could never make much money in the Forex Market.

That's a good point.. I don't remember posting this point in one of mine... Newbies usually choose the wallet that is shown in ads either on Google, Facebook or on websites such as Coinmarketcap.

And from there those users pick their wallet and usually end up getting scammed after depositing to the address shown in that wallet.

There are a few important things to keep in mind when it comes to forex trading. One cannot gain Forex trading in a hurry, one must acquire knowledge about Forex trading signals and Must have previous experience. If they go into forex trading without understanding the new ones and without knowing about forex signals, they will have to count the losses instead of the profits.

No wonder the ultra rich does not like crypto because if they tried and they fail, they will fail miserably. Better not to indulge in cryptocurrency than risk your money to something you don't understand. And having that get-rich-quick kind of thinking like you said will not work with cryptocurrency. The ones who made tons of money here were the ones who were patient enough to wait for the price to be right.

The real reason why the ultra-rich doesn't like Bitcoin is not because they are unable to make profits out of it. The real reason is that most of their assets are in fiat economy, and cryptocurrency represents a threat to that. Many of the uber-rich do have investments with cryptocurrency, and many of them have profited out of it. But even then, it poses a threat for the maintenance of their wealth. Another factor is that cryptocurrency has the potential to create a large number of new millionaires (and even billionaires). This will dilute the standing of the current millionaires.

Reasons for newbies loss in Bitcoin for me i think lack of knowledge and experience both are very important. Specially for new members who are new in this they don't know where to invest how to invest and so on. Another reason greedy plans newbies want quick profit and this gonna into loss. Bitcoin wants knowledge and update.

The main reason is always greed. Because newbies are not like experienced investors. Most of them are having problems on dealing with their greed problem above all else. However, they should already be knowing that the market is highly volatile and they can lose a lot of money too. They just need to set price goals and act according to it. They should get accustomed to sell when it is time. This will help them become a better investor.

It is basic level information that you need to input and you will pass the level 1 KYC verification.
There is no need for you to submit documents.
Here is what you need before you can withdraw your balance there.
Level 1 — First and Last Name, Gender, DOB, Social Security Number, Address and maximum withdrawal limit of $5k.

there are many ways novice traders make mistakes that are often not realized and this makes a loss.
Usually, beginners are still confused in choosing when to start buying and when to sell. And also caused by greed or ambition for high opit.  Without knowing the risks that occur.
There are also those who just go along without adjusting to their needs. So, do not know how big the percentage of success.

The above problems are still not the most practical and basic. They need a lot of education about finance and how to use Bitcoin.
I have seen many people lose money using Bitcoin to join scam projects in hopes of getting rich.
They forget their responsibility to keep Bitcoin and crypto assets. They lost their password and wallet recovery keychain.
It's so bad that there are many Bitcoins stuck in wallets forever because of the above error.

Articles 2 and 3 are the reasons why some beginners lose money in the market. They get scared when the price drops and when things start to go wrong, they get scared and sell even when they are losing money. Sports whales are the worst cause for market newcomers. Because they believe that such a money-making scheme will make them rich, greed and wanting to get rich quick have led them to be taken advantage of, manipulated by scam projects, and ultimately failed and lose all the money.

At first, my bitcoin would earn interest when it was deposited into a website. At the beginning, I could get the interest normally. Unfortunately, three months later, I suddenly couldn't access the website. At that time, a bitcoin was worth 40K, and I lost 0.3. From then on, I will never participate in those messy investments again.

The general reason for newbies that are losing money on cryptocurrencies bitcoin in particular, is the lack of knowledge and understanding on how the market works. Most of them were lured into pricing frenzy. When it is on bull run they tend to look at it as a lucrative investment but when bear market struck they lose faith and not discipline enough to be patient. Experienced investors just do the opposite well enough to stay within the  market and succeed.

That is the mentality of most newbies having in mind that once embrace cryptocurrency they will rich over night. They didn't take time to study and Know what trading is all about.

I think it should be FUD, who lacks patience and confidence in his choice

They just know that Bitcoin can bring a lot of benefits and value for people. Therefore, most novices will use Bitcoin as a tool to make quick profits. They have not studied the technology and working principle of Bitcoin in depth, and will not analyze the market and judge the timing of buying and selling. Their lack of knowledge, experience and greedy psychology will lead to investment failure.

if you are serious in your plan of investing? then you should know the ins and outs of the profiteering you are entering.

FUD should not be part of the losing because this is tolerable .

but the wrong decisioning and not enough confidence is indeed the reason why more newbies fell losing .

Seriousness and confidence are not enough to prevent investors from making a loss in Bitcoin investment if the seriousness and confidence are not back with concrete knowledge. The same thing goes in every organization, the person with knowledge will always be on top and also outstanding among others.

Novice invests in an excitement when they are unfamiliar with the encryption market. Too confident, listening to the words of others, will lead to their own investment mistakes. Lost interest in the encryption market after the investment fails. There is thus the attitude of contrast the tendon.

Novices do not understand the mechanism and advantages of Bitcoin, they will only see whether Bitcoin has brought them wealth, which makes the novices look at Bitcoin very narrowly! It is also very easy to lose Bitcoin!

most of the beginners choose to invest in Bitcoin because they see someone's success in taking profits so they think they can do it easily so many things happen that are not desirable so like point number 1 you said it often happens because of greed to get profit as quickly as possible, I think it was a mistake so big that it caused a loss.

They don't actually know what bitcoin is all about at the initial stage and they haven't had any experience about bitcoin.  Some thinks hearing bitcoin is fast way of making money which you don't need to equip one self for the journey.  But most of the bad experience novice encounters groom them to do well in bitcoin.

A lot of newbies lose money in bitcoin coz they have no patience. When you Start trading or holding then you need to patience more.I Think, most beginners chose to invest bitcoin. Bitcoin is most popular coin and top in coin market cap.So if you have enough patience i think You will be success in bitcoin investment.

agree, my friend confidence about this thing, because of his too confident, he loss 'big profit'. and when try to do for second time, he loss money.
newbie need guide, teacher to make sure what the plan, to know how to act in many ways. your experience friend can be good teacher, you can learn about their experience, and its good because you know where is bad and good path.

Noobs wont learn if they wont experience those things on where it is really normal on having that kind of assumption that you might able to make profits
easily but once reality slapped you into the face then you would really be finding this to be hard and this is where learning comes from.
You would able to adjust into it and due to experience you would really be doing things much better and more realistic.

we must experience failure before greatness , in this market knowledge ,skills and confidence is what needed to succeed.

if you have not completed these 3 then you will keep on failing .

unless you will only betting for bitcoin and will hold long term then that is safer.

They don't want to study first for fear of missing out on opportunities, even though there will always be opportunities every day. They just want to get rich quick by doing what rich people do from investing in bitcoin without learning it first. how blockchain, bitcoin and cryptocurrency work they don't know and maybe they don't want to know.

it's easier for them to just go along and be fascinated by the benefits that the old players get without thinking long thinking it's easy

Newbies are not know anything about trading strategies and they invest without any research and then they will loss money. Some time they got profit but loss ratio is grater then profit.

Yes, they do not have the right attitude to the standards of an investor, despite the label of outside investor, deep inside they are a lot of tatters about knowledge and market information and when we deal with the problem in such a careless way, fate is destined for failed experiences. But fortunately the newcomers have a limited amount of money, although there are relatively high investments, they do not make up the majority, so early failure makes them early to acquire standard knowledge, those who get lucky too soon only make it easier for them to deal with their arrogance and stupidity

this is a very unfortunate thing for what happened to beginners so they have to lose their bitcoins, in the future we hope for beginners not to easily believe in scammers who say they can multiply bitcoins to unreasonable prices so that it is very influential for beginners who are so it's easy to believe in that considering they are still very early in exploring the crypto world, maybe this will be an experience for them in the future so it's not easy to trust anyone especially considering they can multiply bitcoin

Blessing in disguise when they experienced failure and they eagerly desire to learn more.

they will invest back but more careful not to repeat the same mistake again, this kind of

attitude mostly common with newbies who really wanted to succeed from this business,

instead of throwing the opportunities, they will find better ways to enjoy it and take every possible

ways to keep enhancing their knowledge.

They should realize that old ones wont really be like that without able to experience lots of losses and newbies should really knows about that and not only focusing on the brighter picture.

Well, its really a common behavior for newbies but once we do gain experience then we would able to realize that those kind of mindset and thinking that we had in the past were definitely wrong.

We wont progress or become more better if we dont tend to engage it on our own.

These are too bad characters of newbies, but I am sure not all newbies like that. Don't underestimate newbies, some of them may have good knowledge about crypto and probably ever trade or invest in another digital market (ex: stocks market). This type of newbie won't be very careless to invest or trade without any research. Although crypto and stocks market is different, but some fundamental aspects have a similarity.

I agree with you, Many things affect beginners to lose Bitcoin, beginners usually want to get a quick profit, they are attracted to Bitcoin because they want to get rich quick but in fact Bitcoin investment is not an easy investment. Bitcoin is very volatile so if there is no experience in this business it will be easy to panic when the price of Bitcoin drops very significantly, so what happens is panic selling which results in losses. For that, beginners should learn about the basics of Bitcoin trading, they should understand the risks and volatility of Bitcoin, when they have learned all that, beginners can start trading little by little.

This is true. Not every newbie is with lack of trading strategies. They are newbie to crypto market, but they're much into stock market and forex. Even one of my friend who is good in stock market trading got into crypto market few months back when doge is in the peak. He is a stock market analyst and used to give suggestions on which stock to be bought at the moment and so on.

When he got into crypto to give a try, he found it different and wasn't able to predict as he does with stocks. By the time he mentioned a principle that he follows, just invest what you afford to lose and leave it for long term. His long term is 3+ years, whether it is profiting by then or not just cash it out and start from the beginning.

Yes, but the question is whether or not newcomers are more likely to lose money as a result of those points. You make an excellent point about how they were referred to as newbies, but they have already gained knowledge about the subject and are prepared to the crypto world. I believe that the majority of people who are getting into bitcoin are just getting a grasp of what cryptocurrency is all about, as opposed to the previous generation who believed that it was just that simple. Also, because newcomers are already aware of scams, there aren't as many scammers around as there were previously.

So is your friend still active in crypto? It's just an extremely volatile version of stocks.

Beginners usually don't consider before they make an investment they tend to be greedy so they lose, they don't think about many things that must be learned before jumping into the crypto world.

These are some solid points. Cryptocurrencies are more volatile than any other market. It’s also new. Traders need to know what exactly it is before getting into it. There are many excellent resources that one can follow. Staying updated to news is a must to yield long-term benefits of crypto if you’re serious about this booming market.

Most newbies lose in bitcoin because they still don't know bitcoin completely, the first time I bought bitcoin in 2014, at that time I thought by buying bitcoin then I would get a big profit in a short time, unfortunately the price dropped more than 5% in 2 weeks and made me panic and then sold all the bitcoins.

Another reason is that some are not willing to invest in learning. They want to follow the trend and don't want to be left behind. They fail to understand that you save yourself a whole lot of trouble if you acquire more knowledge about what you intend to invest your money in.

Bitcoin has become the first  cryptocurrency that is the first choice for many investors because of its market value. This may be the reason why newbies lose in bitcoin. They think that bitcoin is the source for overnight success, but it is not.

Newbies cannot easily controlled thier emotion in both green and bloody market, they are always loss because they are panic sellers when price is dump and panic buyers when the price pump, and that is normal to newbies because i experienced being a newbie and I experience loss during my newbie days, to avoid this lossing we need to learned by studying and researching and as the time goes by we can easily control emotions because or the learning's that we can get through studying.

I've had a bitter experience, I panicked quickly when the market turned red so I sold my asset even though the red market was only temporary so I regret this is my very bitter experience and I don't want to repeat it.

There are really many factors why a newbie loss Bitcoin. Lack of information in what is it and how it works is one of the reason.
We need to know that investing Bitcoin is also very risky. Its volatile and may crash. We can't get rich overnight with it. In the last few years it goes down but rise up again and again. So we should not panick instead asking for advice, read articles/books to have more knowledge

this is very unfortunate.why beginners.have to lose bitcoin especially this for those who are new to mining in bitcoin have to lose their bitcoin maybe they easily believe in scammers.or people who can.multiply.bitcoin so it.makes them very affected.especially considering.bitcoin at a high price so expensive.that they easily accept this input by giving their password or password to other people so that it is used by irresponsible.people who cause.them to lose their.bitcoins

I believe all points are valid In this argument and I believe that point 1 might even turn out to be the most active of them because if some investors don't see Bitcoin as a means to get Rich overnight then they will not be quick to make all those impulsive moves anytime the market blinks, they don't want to see the remaining 2 points that, Whales will continue to manipulate and cause FUD in the market and if at all they have paid attention to previous market circles they would have understood this. So like I said, all points are solid but believe people come with the wrong assumption, Greed.

I'm sharing my experience when I was newbie in crypto world.And I also lost big amount in bitcoin but now I'm in big profit, and  big reason of my  lost was I didn't study about bitcoin and enterd judt listen rumers form people they said I mad big profit.So I suggest to newbies don't enter in cryptocurrency world without study do your own good study first than keep stap I promise you will never lose in bitcoin after your good research.

First of all, newbies are losing bitcoins due to strong market volatility. Because you need to have a very large faith in bitcoin so as not to sell it on such large drawdowns as it was a few days ago. On days like these, not only beginners think about selling their bitcoins, because such large decline, are very difficult for any person. But as we can see MicroStrategy continued bought bitcoin after that, I think this should be taken into account by the beginner.

Newbies are new and inexperienced they not know when and where to invest they invest money randomly and sometimes they lost their money. And they don't make research and invest directly which make them in lost.

My bitcoin balance shows a loss of -16,292.14 under Reporting > Realized & Unrealized Gains, but it should be 2.1. Why is it negative? Any tips on how I can fix this in the reporting?

The newbies and small investors can sell off their coins whenever they feel satisfied but the point is it must be at profit or zero loss situation otherwise if you are selling at panic then it's no fun of investment but this is happening more whenever the btc price dips a little bit because they have invested ignoring all the factors that I have mentioned.You can also gain with volatility if you are pateint enough to hold through these dips and invest like big companies even if the amount is small.

Actually it will not help as many still practice the same way and educating them towards luking offers is not gonna help a lot but few like you if understand the situation we will see less price dumps and you will be having profits.

It's a good thing most newbies fail, but learning from them failure is the most important thing you see.
To curious about Bitcoin,I think every newbie needs a mentor to guide him)her on the do's and don't about bitcoin.
ADVICE: Know what's at stake before diving into something,this will help in making good decisions.

To me, the main reason why newbies loss in bitcoin, is that so many of them think that btc or crypto is a get rich instantly thing maybe teaching from their teacher or facilitator, but it isn't. It is a thing of patient and market endurance.

Another thing is greed.

That's the first point that i have mentioned in my post  that bitcoin is not make you rich quick scheme and you need to be patient enough and hold your coins in dips also but people do something opposite to it and sell at loss or find some other coins better and that take them to loss so we can't protect them so it's better to leave them on their.

The truth is that most of the time, investors come into Bitcoin investment without a proper time frame target. Everyone thinks as soon as they start trading Bitcoin the price should continue to go up hence when there is a slight dip in the market they hurriedly sell-off and that price action might just be temporary as in your case.

Most of those newcomers who didn't do their homework losses their money with this kind of trend,

The market always different sways, if you don't know how to deal with it expect that the first thing that you will do is to keep yourself

working with the current situation, deeper knowledge is what you need many times from the past proves that this market fall always have

good bounce and recovery at the end. Position yourself and be patience to wait.

many newbies lose bitcoins because they don't understand crypto. plus their emotions that are still difficult to control make them often get carried away with anger when they see the market going up and down quickly. even though patience is one of the important points in bitcoin investment so you have to master it first. negative thoughts about crypto. Try a small capital investment first while continuing to understand market conditions.

this may.be very concerning.with apq that occurs.to beginners.in losing bitcoin, in.fact we also don't.easily believe in.the name of duplication.carried out by bad people who want to double.our bitcoins.instantly and this is.very dangerous, especially for beginners.who don't understand anything about the problem, and we hope this doesn't.happen again in.the future

it's good to keep learning, however, if you think about what the OP wrote, then it can be a mistake, and can be frustrating.
when we are wrong, then we learn from it. other than that, it's okay to do trial and error, but the thing to note is, we learn to master these abilities, not to get rich overnight. many newbies think that this is the easy way, therefore they take the risk by giving away all the assets they have in the crypto world. Yes, it's very risky.
if you want to learn, then start little by little, gather information, read, watch, and more. after all, I've made the same mistake, even now, but I've come to understand, that making money in the digital world also has big risks, information that needs to be studied, study market movements, and so on. it can't be got in 1 night. So, newbies have a lot to lose because they sometimes don't understand what they are investing in, and they are in too much of a hurry. Well, I understand this, because I've also made that mistake.
you have good advice.

Newbies are more passionate to earn money easily and quickly due to which they suffer some losses. A detail analysis ad constant are necessary for investment in bitcoin as the crypto market (http://crypto market) is realky volatile. (https://kalkinemedia.com/ca/)

Newbies usually lose a lot of money when trading because they are still unfamiliar and don't understand cryptocurrency, so they don't think widely about crypto. In addition, the lack of patience and emotional control in trading is also still low, in fact some of them still underestimate this even though this is an important point. In fact, many professional traders are often trapped because of their own emotions. So be careful because one day you will meet market conditions where it will drain your patience.

Beginner traders really often experience losses, especially if they make easy profits for the first time, of course they will feel proud that trading is easy, so they are controlled by the trader's own emotions which result in not thinking realistically and ultimately experiencing big losses because they don't use stop losses. and always expect the market to go up soon, and end with a cut loss

this is very unfortunate with what happened to beginners so that they have to lose their bitcoins maybe it can't be separated from the beginners themselves who are easier to believe in scammers can multiply bitcoins so that it makes beginners so affected by the lure of doubling bitcoins in number which is so big that they have to lose their bitcoins, this is really very unfortunate

Newbie suffer a great loss during investment in cryptocurrency because many people come to this for becoming rich over night.
They don't even try to know about the struggle and hardwork of the person's that all already in this field .
They just look at the profit they have gained.
So they make a quick decision a invest in some coins without knowing about their history or background or the trend they are following. And when they see the loss they quickly sell them and don't even wait.
So as a result they face a great loss.

Novices always hope to make a profit in a short period of time. But due to greed and lack of knowledge, they are susceptible to market sentiment when the currency price falls and sell to lead to losses.

We really love what happened to foreign beginners who have to lose their bitcoins. We hope this doesn't happen again to beginners, of course today it also has an impact on beginners who easily believe in irresponsible people like scammers who sometimes say can multiply bitcoins even though it never happened so as to make beginners tempted by it the price of bitcoin is so expensive that they easily give the password to irresponsible people