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Bitcointalk Username: cryptolord2077
Current post count: 1920
Merit earned in last 120 days:
ETH wallet [Must be the same which you used at the standard website.]: 0x6b64FAC0FDEfaC6f41642bF965260cA460f3a5B0
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Bitcointalk Username: cryptolord2077
Current post count: 1920
Merit earned in last 120 days:
ETH wallet [Must be the same which you used at the standard website.]: 0x6b64FAC0FDEfaC6f41642bF965260cA460f3a5B0
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As a rule, more often than not, people simply do not have enough patience. The crypto market does not adjust to expectations, it goes against them, therefore, when people expect growth from their coins, they often cannot accept the fact that the coin is falling and is not going to stop. Lack of understanding of the mechanisms of market management is the main reason why people lose.
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More often than not, people want to make quick money, and they think of the word hold as if they would have to wait a few months.
People are simply not ready for the fact that sometimes they have to wait several years before they get a really good profit.
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If you take money from your relatives, without interest, then why not?
In 5 years, perhaps we will see 2 more bull races, which means you will win back your money anyway. It seems to me that in such situations the risks are very low, it is important that you fix the profit on time.
Well, borrowing for business is okay, especially if it doesn't use interest. however, you need to make sure that your place of investment is really guaranteed. Well, in the cryptocurrency world, it's quite risky, unless you believe in it, and can handle the risks. well, but all business is risky. DWYOR is at the heart of it all, and I suggest borrowing it when you are sure of it. Don't ever use money from loan or whatever it come from outside our own saving. It is not good for our psychology especially when market down we easily become panic. It will be different when use it for real business which is have lower risk. Even in small amount better avoid this way or we will get difficulty in future. Risk in real business or cryptocurrency very different, in this market our initial balance could be zero only in short time but it dont in regular business. A very controversial statement. You talk about situations when a person went all-in, sold all his property, took out a loan, bought a cryptocurrency with this money, and looks in a panic as it falls in price. However, if a person has the means on which he can live, it means that he can easily wait out a bad period, which is usually inevitable, and come out in plus with long-term assets. |
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Lack of knowledge. Most newbies act too recklessly. Given the lack of their own knowledge, they often rely on other people's advice and external information field, which is often false or erroneous.
In fact, most of the information field conveys the theory said by someone in a circle, noobs listen to it and lose everything in the end.
They are riding the hype on a bad way and that’s why they lose most of the time. That lack of knowledge is normal for a newbie and if they act recklessly, that’s the time they’ll lose because learning is a process and they should not take any shortcuts for trading. There’a a lot of good resources available online, its easy to learn how the things works here, I don’t know why they can’t still afford to spend time with it. Hype isn't always bad. You can make a lot of money on HYIP, but people without experience, as a rule, lose, because they do not know when to leave on time. Such things come with experience, after several unsuccessful attempts and loss of money, the mechanisms of work of such projects become clear |
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I think you understand that your risk management is poor. Margin trading is the fastest way to lose money.
At the same time, you take this risk yourself, which means you had to accept it from the very beginning.
The fact that you are broken only means that you were not ready for this, you went all in.
I agree fastest way to lose and to earn money if you trades are most win, the problem with many people is FOMO and not applied any technical analysis when entering we are mostly focus on quick profits and not in market situation we have to analyze it all before entering the confirmation signal is very important to avoid fakeout. Right. Any information should be perceived critically, moreover, there is always a factor of uncertainty, when events about which we do not suspect anything, for example a disaster or Elon Musk's tweet, break the whole game for us, turning the market in one direction or another. |
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A really sad story.
Unfortunately, not all of us are able to cope with stress, I remember stories of how during the financial crisis people were thrown out of the windows of skyscrapers because of loans and debts. Take care of yourself.
It's not worth it.
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I think everyone likes it when bitcoin goes up and the crypto market shows green candles. But what's the difference?
The crypto market cannot be green all the time, in order for it to be green, it first needs to turn red. Therefore, these cycles are quite natural.
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Yes trading is not a game because see trading involve high risks and ofcourse it is not suitable for all investers. Before making any investment decisions, we should have a lot of knowledge about it . Because if you are trying to invest money without knowledge then your money can go into loss.
You're right. Most often, the majority have problems due to the wrong attitude to trading. Many beginners treat this too simply, as a game, not realizing the risks and the fact that for success in trading it is necessary to spend a day at the monitors studying information and quotes. |
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Logic is always in the money. The crypto market is very young and extremely volatile, it is obvious that here, having large funds, you can find a whole field for manipulation.
Look how the exchanges play dirty, knock out stops in one direction or another, liquidate a huge number of positions. What for? Money.
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