Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.
Greed produces false expectations and with false expectations traders cannot avoid making mistakes, for example how many people invest in some coins thinking they are going to earn 100x what they invested and they are in fact earning money but not 100x and they refuse to sell only for the price of the coin in which they invested to begin to go down, and then they still refuse to sell and finally are forced to sell for a loss in a trade in which they were earning money. right, there are many incidents like this when we listen to people's stories. Greed will result in disaster and affect our mentality. we should be vigilant when the price forms a new ath, because at any time the price can dump at any time. By planning a logical target I think I can avoid that incident |
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Absolutely right. Trading with leverage is always roulette if you have little experience.
It is good if you lose money immediately, much worse if you are lucky several times and consider that you understand how the market works and begin to make bolder moves, make larger deposits. The result is painful as always.
there are many such incidents, where novice traders have made a profit several times, and finally consider trading easy, so they dare to make a topup deposit. without him knowing that his arrogance and greed are the beginning of the great loss he will receive, and finally frustration befell him |
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this tool is one of my references to get the purchase price. I like it best when the price enters the 50-61.8 area. in this situation usually the price will reverse direction, but indeed not all of these plans will work, sometimes the price will break through it quickly, therefore we can anticipate it with a cutloss at the boundary of the area we draw
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It's because they always jump to any crypto currency in the market wherein despite they don't have specific information such if it's has the potential or a genuine project that can guarantee profits in trading.. that's why they all lose huge money always. For me they are lazy people who don't have time to speculate the status of the crypto currency that they want to trade, what i mean if they saw a hupe pump in the chart they will dive in without knowing it's the end of the progress and has tend to make correction.. Lol definitely it's because of greediness in my personal opinion.
it's ironic, when they look at them like that, without any knowledge and the price was still bullrun at that time, it made them think that the price would always be a bullrun, even though at that time the price had formed a new ath. therefore they don't consider the moment of correction, because of course there will be an anti-climax |
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When trading, some amount of token is left which is very small. I can't trade complete token. The amount that remains is never like trading next time, very little.[Cherylstar86] as he said.
If the trademark is not reached by the token, then just leave it if it doesn't have a value above $1. But if you can still add it by placing a second order to fulfill the sales conditions, at least you do it in order to save the remaining balance of the token. I guess let it go and forget it. but who knows later the token is pumped and you can finally withdraw it again. in this case sometimes not all of the total tokens can be sold all, and if you add these tokens and resell them but you can't sell all of them, sometimes we are even big in terms of fees |
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I think the crypto trend will continue, because many people are starting to get involved in crypto. I once read an article in 2021 that there was a 2% increase in new people who were in crypto and knew about crypto. so if this trend increases, I think the crypto trend will also continue to exist and continue until there is no time limit
with yesterday's bullrun, people are interested in knowing more about cryptocurrencies. and at this time I think the bearish trend is not a crucial issue, which states that the bitcoin bubble and later a scam. many people already understand that this is only part of the market cycle |
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Agree, I think we're lucky because we still can see the price of bitcoin still very cheap right now. I don't think we can see this kind of that price anymore in the near future, when the price of bitcoin drop i'm very happy about that because i can buy more at this momment.
Just buy whenever you see bitcoin's price drop. And if there's another drop, buy again. You're in the accumulation time and while the prices plummet, you just do your thing of buying. We all want to see that price in the future and we're going together as the price goes on that much. But we're all hopeful first to see it rise to $100k. True. My first target for bitcoin is reach $100k when bitcoin hit that price i think i will sell partially of my investment. Since the end of June i keep buying bitcoin when the price drop below than support, i spend more than 50% from my salary to invest on bitcoin every month and even tough the price didn't up in the near future i think i still patience to wait for bitcoin price to going up again. a good move, where you buy bitcoin when the price has decreased by more than 50%. Of course, there will be many opportunities for a bitcoin price reversal, even though we actually limit it to a 61% decline. but in this area I think it is a golden area to buy |
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because basically those who don't know for sure will talk more about this, they only sell their words to cloud the atmosphere and finally the beginners feel panic and join in making bad news here.
It's a different story with people who have been here for a long time, they are more quietly observing what is going on and don't go into the flow like this.
but I think this is very reasonable because what is valuable must have its pros and cons, let them talk anything about bitcoin because I'm sure those who talk negative now will regret it later
right, an instant desire makes them want to get lucky like people who have worked in crypto for a long time. they are afraid of losing the opportunity to buy, so without going through the learning process, they buy it right away. and finally the price goes down and they have a panic sell. until finally bad news comes out of their mouths |
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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.
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 |
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Sad to hear your story @beparnf and @lienfaye. I'm a Financial advisor and I understand your concern but in our Insurance company, there's a special website that let you monitor your account health same as your payment history. The only thing that's not convenient are the way company sending the receipt and membership report every month. They are still using courier to deliver house which is not applicable on this pandemic. I strongly believe that Blockchain can do an important changes on this weak spot of insurance industry.
Yes blockchain is the best way of handling insurance in remittance and receipt tracking since blockchain is a pure record and undeniable for having no central control and the risk involving like disappearance after several years of contribution can be minimize, with blockchain everything is possible. Actually, there used to be a project with an insurance concept, it's called Fidentiax if I'm not mistaken, but over time it turns out that the project is not running, until now it has disappeared from circulation. actually this is a good concept between blockchain and insurance, as it can facilitate the acceleration of data transfer or financing |
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Only when people have developed such strong faith in crypto and stop being easily influenced by some of the crypto elite, if you take what is currently happening in te market as a case study over 'crypto - fiat' thing you will be able to understand my point of view, crypto can be greater if people let it to be so, imo, i feel that still have more power over crypto and for this reason it will be hard for crypto to replace fiat, beside, i still don't understand the reason while it is necessary for fiat to replace crypro, it can coexist with fiat and serve as an option for those who are no longer interested in fiat transaction or those who finds using crypto a lot faster than fiat and so forth.
at least if given leeway that crypto can be an alternative payment instrument other than fiat, then the public will judge for themselves. that way there will be many people who know crypto and give an assessment, and if it is considered crypto is better, then over time crypto can replace fiat completely |
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The lessons that I've learned in this pandemic is that I live on privileges and I have to cherish every moment and that I have to be really be careful. I also learned that our government is really rotten during this pandemic, they care more about their image rather than the response to the pandemic, they care more about embezzling public funds and electing convicted criminals in the senate than care for the people.
The same thing happened in my country, when the people needed it, there were officials who ran away from aid funds, which is ironic indeed. but at least we already know the nature of this virus, so we can anticipate it by increasing our body's immunity. I think awareness should start from ourselves for our family and for others |
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considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle.
I would think that this should have been incredibly obvious and yet most people do not know this, revealing the low level of knowledge they have about trading and the markets in general, trading is hard anyone that says otherwise is lying or does not know what they are talking about, and the only way to become successful at it is to always watch the markets as you do not want to miss a single opportunity, as those opportunities appear and disappear relatively quickly. Some set of people that say trading is easy have had many long years of study and at their present level they can command profit which terms it easy. That's why they say its easy. The other set of people are saying so because they want to lure people to join VIP or coke for money management. Trading is as tough as it should be easy. many people find it easy to make a profit from trading, but can they last long in the trading world? I think most will lose. with a feeling of pride, then they unconsciously initiate threats to make mistakes. and many of them run out of capital because they just made a mistake, without a stop loss, they feel the price will return soon, but in the end it turns to ash |
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Say best based on what? you should be specific with the arguments listed in your thread.
if it's just a guess and it has no basis, then I would say it should not be listened to even though it is factually true.
Well, I don't want to just mention the names of low-capital cryptos that you think are profitable. I ask you to give reasons why choose the 8 coins?
some says that low cap coins are profitable but your right tho, they shouldnt just throw any coins without a proof or a reason on why they chose it but they could only be shilling it as some of the coins mentioned by the op is new to me . anyway ive already heard of bat, siacoin and matic but among the three matic is performing well . but we must also be careful to choose the coin, do not use full power to invest in it, although it has good prospects, but with a low cap, of course it is easy to manipulate. therefore using a little capital would be better to anticipate risk. to invest I think it's clear to choose a top coin, where for a beginner like me it will be less risky |
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Usually we sell when the target is reached, but sometimes it will actually continue to rise when we sell, here I suggest to sell gradually, so that you can profit when the price continues to rise, and this I often use in trading. it's pretty good at making a profit.
I agree with you, when the price goes up, we don't sell it all at once, so on the one hand it creates minimal risk with our capital and on the other hand we will get the maximum profit, even though the price then reverses direction, but we have pocketed a profit, and if the price continues to above, then we will get more profit |
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BE PREPARED FOR THE WORST: In this bear market,I have learnt that the worst could happen,so we should always prepare for the worst.Many have lost up to 80% of their portfolio to this bear market because they are not expecting the worst to happen,unfortunately,they are caught up in it.If they had prepare for the worst,they could have done something about their portfolio at the beginning of the bear market.
DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,don’t give up.
The Bear market continues from that year till the following year of 2019 mate and Yes people must listen in your warning because for the next years market continue to fall badly. and besides expecting is normal but we must always understand that this market is full of expectation and failure so the best way to engage is Be ready in everything that might comes your way. if you intended to invest then you must intend to lose as well for a while. never completely believe that your wish will come every time you expect this because there is no such thing in this market. I think the lesson that can be taken from the bear market this time is, how do we believe in bitcoin, if we already believe that it will have a bright future, then our psychological strength will be strong to hold it or start buying it. so we don't have to worry about price fluctuations, because prices don't always fall |
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at this time where the market is not good because there is a decline, then my plan is to buy as many bitcoins and other trusted altcoins as possible to invest. with stanby usdt which used to be the result of selling bitcoin, this time I started buying it, and I didn't spend it in one price, I will divide it into 3 buying areas
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We cant say bitcoin is something new but for some areas and parts of world it is. There is no internet always, no proper news and education about crypto and main facts. Unfortunately many people have existential problems-food, wather or place to live. We dont think about it often. On the other side lack of knowlege is big risk and danger for newbies who want to invest.
Bitcoin was released 12 years ago, it's not exactly a new thing. But still very many people don't know about Bitcoin, maybe some people have heard of it, but most still don't understand Bitcoin. There are still many places that do not have internet access, this is what makes many people who ultimately do not get information about Bitcoin. Moreover, there are still many countries that reject Bitcoin, this is also a factor that makes many people receive wrong information, because they think something the government refuses is a bad thing. It is very important for those of us who already understand Bitcoin, help educate people around us who don't really understand Bitcoin. Little things we do by educating others about Bitcoin, can have a big impact if done by many people. The scope of information relies mostly with the internet and both of you are right, Those who don't have internet are not aware with this investment currency while those who have and capable are still doubtful with the way volatility really affecting the market. With said so, we still need to help the awareness by sharing our knowledge that simple act can deliver possible interest to more people around. most people today are good friends with the internet, even to the countryside, many of them have smartphones, but indeed most of the older people are less able to keep up with the times, so not many of them understand bitcoin, let alone many beginners who fail due to lack of knowledge, so they give wrong information. Therefore, we must provide knowledge in a simple way so that it is easily accepted by most people |
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I think we shouldn't trust 100% in any, because all of them are out of our control. We, as individuals, aren't the ones who control bitcoin price fluctuations, manipulate fiat politics or manage the banks, so it's better to invest personal patrimony in another places, like real state and lands. These are totally under your control, with the exception of the case your country becomes a socialist one, confiscating everyone's goods.  Anyway that is very unlikely to happen. You have a point mate fiat banks or BTC is out of our control but all we have in control is how we manage the risks by deciding on putting any amount of investment either way. But if we were going to differentiate betwwleen the two both have a benefits to everyone. In my case I just don't put 100% trust izn fiat banks but I'd still have to deal with the fiat banks for a transaction and at the same time I'd still need to transfer my crypto asset into fiat to avail products. right, both fiat and btc have their respective roles in my life. until now I'm looking for money from bitcoin and finally I transfer it to the bank to be used as fiat currency, that way I can diversify into other real businesses or I use it to make ends meet. this is because in my country bitcoin is prohibited as a means of payment, so it must be converted to fiat currency first |
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