why some are still loosing money in crypto

[feelideb]

The fact that majority of people are taking by the promise of fast money contribute to lots of scam in cryptocurrency! There is nothing as dangerous more than a desire for fast money, it lead people to shitcoin and shitcoin usually lose value and become scam in the end! The solution for those that have lost money is to first decide the most valuable coin in cryptocurrency with potential and stick by it!

[maruf01788]

Earning is not easy in crypto. For this need Patience, skill, hard work. If we always hear Influencer, then we lose Money, we need own research. And most important is don't be emotional in crypto. A lots of people lost their money for emotions. So we Need more patience.

[chikading2016]

Some people are still greedy so some are still losing, greed is one of the factors that affect the concentration or crypto investors or trader and it is the number one factor that make them lose, although not all but most are losing because of greed.

[Chathusand]

Perhaps some of them have not been able to recognize and comprehend past mistakes, making it difficult for them not to repeat them; however, it should be remembered that the benchmark for the existence of losses is critical in preventing large risks that could take coins just like that, causing us to suffer a significant loss. As a result, those who have fallen must rise again.

[livingfree]

It's the rule of the thump, you need to spend time and do not make a short cut, do not follow the shills, set up guidelines to follow on what to look on a project, as a responsible investor you owed it to yourself to do the right thing and that is finding the right project to invest and warn others if you find a project is a scam project.

Yeah, too many shills with those projects that we're unaware of.

If somebody follows them then for sure that they're just going to lose money and listen to a guy that came from nowhere that's trying to mislead them with their advices.

It's better to take accountability and do own research when investing in crypto.

Yes, doing research is important when investing in crypto, because with the spread of fraud, it takes effort to get an honest project, people who lose their money in crypto I think are lazy people who don't like to sacrifice some of their time in examining the project or asking for advice from an expert, so everyone needs to be active and have a foresight and thinks a lot and knows the consequences of their actions before they take them.

You really won't know if a project is a scam if you're not researching.

Many comes good at the start but eventually changes their way and turns into scammy. That's why being vigilant and doing research as much as you can when some projects hit your attention.

You really have to look for every single detail of them as much as you can.

[Arvin01]

This is because some novices who have just entered the cryptocurrency market are prone to lose part of their money because they do not understand the rules. They are prone to panic when the market drops and follow to sell their coins.
When they sell coins and the price rises, they will lose control of their emotions and invest with emotions.
Therefore, we must always keep our heads clear and not invest blindly.
Be responsible for your own money.

[Rikotin]

i think, maybe some of them have not been able to know and understand the mistakes that have been made in the past so it will be difficult for them not to repeat these mistakes, but it should be remembered that the benchmark for the existence of losses is very important to prevent big risks that could take coins just like that so that we experience a large enough loss. Therefore, those who have fallen must be able to examine what went wrong so that it does not happen again.

[Jawadu]

• You follow a persons advice through his social account post example is Elon musk
• You still believe that a certain coin will come back from the dead even though you already knew its a scam
• you just follow your instinct and never make single research
• emotions still control you to decided

Well said and I agree with you. We should always do our own research away from the advice of another trader so that we can protect our money. Still, there are many people out there who do things easily like investing/trading any coin/token just because they saw one post on Twitter saying "This coin will pump huge" !!! Also, we have to be careful with the emotions as you said. If we cannot control our emotions, they will control us and we will continue to make bad decisions with our money when trading or investing.

[South Park]

Why some are still loosing money in crypto

In my opinion because many token in lately is scam.Many new project give good idea,give fake information about project, and when finished go away.No payment for bounty worker, and no exchange tokens for buyers from ICO.I've seen a lot of them in few month ago, and I failed also and lost money.

Obviously scammers hold a great deal of the responsibility for people losing money in this market, however we need to ask ourselves why this happens? After all we know there are scammers everywhere not only in this market and yet we see a great deal of people falling victims of scams in this market, and I really think that what happens is that people have expectations that are completely out of place, they want to become rich in months or even weeks and while there are a few members in the forum that were able to achieve something like that this is not common at all.

[CryptoLogo]

People lose money because the same people, like them, find the money somewhere. Nothing comes from nothing. If it has disappeared somewhere, it means that it has arrived somewhere. This is the law of nature, and no one can cancel it.

What do you have in mind? Obviously, money is a limited resource, and if someone has less of it, then somewhere there will be more of it, they circulate in this way in the global financial market.
But the question is why people lose money even in those moments when they should not do so due to their experience and knowledge in a market so full of opportunities.