When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.

I was reading some article and came across some common reasons why people lose money in the crypto market. I felt Newbies will be helpful from this. Some of the reasons are:

Trying to get rich faster: For example, if the price of a coin is increasing and it has reached a peak, one will try to invest on that without thinking about the future rate down fall. Due to FOMO, the people will rush to invest on it without thinking much.

Taking profits early: If the price is surging drastically, one will be eager to invest on that coin without waiting for it to increase more. Will be in a loss, if we try to invest early.

Following the Crowd: By seeing some trading sites or trading groups investing on a particular coin, following them blindly without checking the actual price chart of the coin and investing on it, will lead to a loss. My advice to newbies, please do not follow the crowd blindly without proper investigation before trading.

Lack of Knowledge: Last but not the least, all these reasons why people lose money is because of lack of knowledge.


>> What are the other reasons why people will lose money in the market? Please share your thoughts on this.


Please check the image below, where you can understand better than the text explanation.



Image source

The question on the title just pop on my mind.
Are they poor or rich?
Remember the famous line on gambling?
"Only gamble a money you afford to lose". With that line we are really thinking of losing, the risk is still there.

So, what do you think on most gamblers now? Are the majority gamblers are rich or poor?

Great advise mate day trade is a full time focus job analysts well the potential coins possible to growth in day or 24 hours. And put margin how much percent they want yo resell again their coins in day trade. Good luck always analysts were the mistakes in every mistakes their have a success.

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.

many people give up on trade because this is not an easy job. many beginners are tempted to trade because they want to get easy money, whereas in reality it is very difficult to make a profit in trading.

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.