Crypto is no different from the normal market reactionary principles. In an open market system, elastic competition serves to improve overall consumer satisfaction. Where competition exist, there is bound to be fair practices from the firms and companies competing with one another to provide goods/services. Competition ensures that they are on their toes at all times, providing excellent quality in order to enjoy more attention and patronage. Crypto is exactly the same and reacts in an almost similar manner.
Proof of joined post Bitcointalk username: Edmundo Campaign in which you participate: Twitter, Facebook, LinkedIn, Media, Reddit ETH address: 0x6ef552dE4133726E9f2A5A346E0fD81869DaABaF
There are certainly some very good altcoins out there which is worth some investments. I advice you take a look at projects like teletoken, Aergo, BNB and invest the little or the most you can. This are all solid projects with very decent and professional teams overseeing them also, they have real life use cases and applications. However you must never forget the basic rules governing crypto investments, always DYOR and invest only what you can afford to lose.
I will say I am 100% guilty of this and it has affected me greatly. I find it difficult taking profits or selling my coin even if its pumping really hard. My worst mistake was with HYDRO and I have lived with it ever since. The most recent was AERGO and Atomic Wallet Coin. I had the opportunity of selling at the top but I didn't and now both have dumped massively. I will have to learn how to overcome this flaw pretty soon.
It baffles me to see the level poloniex has fallen to. This use to be my first and best exchange. It seems to have fallen over the years with a lot of competitors rolling into the industry on a daily basis and it is difficult to keep up with the times. Hopefully, poloniex can find a spot and actually doing a rebound.
The most common way this could happen is carelessness on the part of the wallet owner. Most times, wallet hacking and fraud comes from carelessly exposing your private keys, mnemonics, keystore or any other login details on phishing sites. Once this happens then it becomes only a matter of time before your wallet is hacked. My advice to anyone is to always try to be careful with the sites you access and the ones you put your details on.
I will personally go with the recurring earning formula. It presents more relaxing and simple earning structure than trading though its earnings or profits can't be compared to trading. However, one has to be a good trader or follow some really good traders before they can make decent money. With recurring through dividends, one only has to hold the tokens and stack them away for earnings which is a pretty straightforward thing to do. Every class of crypto enthusiast should find this appealing while they keep learning.
The habit of impatience and thought of hitting it big all at once flows in us all. This can further be termed as greed, naivety and eagerness. Unfortunately, in this industry, things can get bad really quickly. Meaning for newbies, they tend to lose interest even before they get started due to hasty decisions and anxiety. Often times, this leads to loses and then they blame the system for their failures when of course they made them. Learning is never an option with them when in earnest, that should be the first point of call.