Mistakes That Make You Poor Poor In Cryptocurrency

[Betheng10]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

These are basic security that you should be aware of even with your social media accounts.

I had a loss when I invested in an ICO without digging dip. I gave into the hype and didn't check for developers background and look for their credentials.

Hope this could help future investors though.

[richmcrich]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Most of the people cannot earn profit from cryptocurrency because they are earning through mining and the price is low which they cannot pay the amount of electricity.

Right but besides mining there are many other ways to get it and you can follow the easiest way to get it from someone if he is ready to sell. Bitcoin’s current price is going high and this increase trend is now looking more in action if you perceive it the price improved today further which is reflecting that it is now proceeding for bull market and we should understand it now to invest for it in the current market.

[BitcoinCommodor]

The key is our wealth key!
Save your key to hold our wealth, losing the key means you lost your cryptocurrency!
The key is the most critical information, be careful to save!

Questions is how much secure is your wallet? If you are really worried about your security then you must care your pass key or password of your wallet. Both security and insecurity is in your hand, if you are securing your password then you will not face with any issue. Security of Bitcoin and other cryptocurrencies is tight and no one can harm you there but you need not to go somewhere else otherwise the loss is yours.

[Alfiehob]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Most of the people cannot earn profit from cryptocurrency because they are earning through mining and the price is low which they cannot pay the amount of electricity.

Right but besides mining there are many other ways to get it and you can follow the easiest way to get it from someone if he is ready to sell. Bitcoin’s current price is going high and this increase trend is now looking more in action if you perceive it the price improved today further which is reflecting that it is now proceeding for bull market and we should understand it now to invest for it in the current market.

When it comes to that of dealing with the things related to that of the crypto currencies, then there are number of things which you have to keep in your mind and that you have to consider so many factors before making any kind of decision. Loss of control over your emotions at tough times and lack of knowledge and technical awareness are the main reasons which then lead you to the loss of money.

[fishball]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Probably the worst mistake anyone can make is getting hyped into business, being too confident, and then just jumped right away without even learning the pros and cons of bitcoin...in short lacking of knowledge will simply put you on the verge of crisis.

[Hatuferu]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Probably the worst mistake anyone can make is getting hyped into business, being too confident, and then just jumped right away without even learning the pros and cons of bitcoin...in short lacking of knowledge will simply put you on the verge of crisis.

Exactly.Even how good and brilliant you are at a certain thing,still it's not a guarantee that you will really make profits in cryptocurrency.Investments made in cryptos should be well studied first and needs learning preparations knowing it's a very risky investment.

[d0flaming0]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Probably the worst mistake anyone can make is getting hyped into business, being too confident, and then just jumped right away without even learning the pros and cons of bitcoin...in short lacking of knowledge will simply put you on the verge of crisis.

Exactly.Even how good and brilliant you are at a certain thing,still it's not a guarantee that you will really make profits in cryptocurrency.Investments made in cryptos should be well studied first and needs learning preparations knowing it's a very risky investment.

indeed you are correct my friend. We really do not know what will happen next although you have studied well in order to gain. Losing is inevitable but it can be handled if you have experienced on how to deal with it.

[Irwandho]

for bounty hunter, he can be poor if he stop doing bounty and keep spending his money that he gets from bounty while he doesn't has any income

I think there are many ICO projects that are increasing at this time so that a common type of investor error is that they jump easily into the project without collateral. That's why on the contrary they will get more losses. money.Greediness also guides you in losing money. Jealousy will also cause problems like your account will be hacked or you can be easily deceived.
There is a common mistake that makes you lose profits like investing without knowledge about it.

[Ezenwanyi]

The mistakes that will likely make one poor and poor in cryptocufrency are:
Not buying when weakhands are panic selling.
Selling at loss.
Lack of patience.
Greediness.
Fomo.
Fuding
Etc

[Pancheng]

No one would ever know that you loss and you loss everything in crypto since only you know what is happening on your wallet, you can't event ask the assistant of police to help you to get back your money when you are scammed... So you should be careful... I

[2start]

You are very right, to avoid it all we have to be more careful. we must really learn how to secure crypto assets that we have from hackers. we must be careful and careful

[buternasek]

too much trust in predictions that really do not need to be believed.
become a panicked seller when others panic. that's all I can add 

[Vaculin]

No one would ever know that you loss and you loss everything in crypto since only you know what is happening on your wallet, you can't event ask the assistant of police to help you to get back your money when you are scammed... So you should be careful... I

Right.I think everyone of us should be responsible enough to take care of our investments particularly keeping safe of our wallet keys.Since we are in a decentralized one,we are given our own privacy so we should remain it private as much as possible.

[torrihuff]

I get poor in crypto currency by attempting to double my Bitcoin by buying and trading alt coin.  This is the number 1 drain making me crypto poor. 

[Ziskinberg]

too much trust in predictions that really do not need to be believed.
become a panicked seller when others panic. that's all I can add 

I guess that is the most common mistake we always make.Buying when the price is in dips and when you see the price continues to fall,you cannot control your emotions anymore so you end up panic selling which will make you lose the whole coin.

[Allura74]

too much trust in predictions that really do not need to be believed.
become a panicked seller when others panic. that's all I can add 

I think the most factor that makes us poor in crypto is when we have mis judgement and wrong decision made due to panic selling and always investing in an unsuccessful ICO and if this successively happen then surely we will end with empty wallet.

[lester04]

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

Yeah we should backup our assets I think this is the first thing we can do especially if we have lots of bitcoin in or wallet we shouldn't be careless cause this is a huge money and we never know when hackers attack so we must protect our assets.

[Rastafarian]

Nothing can make you poor in crypto but its all about your mindset. What your mind tells you is what people comply to. Never think evil about to the market. there are better days ahead so keep withold with coins on the ,market

[MidKnight]

I think  number 4 is what they mostly commit. They just survey this forum or the exchange site's trollbox to monitor the coin that is going to rise and that is exactly the mistake that makes them lose more.

[Kellyrobinson86]

I think cryptos is all about self-responsibility and one should be held responsible for the consequences occurred in his case. That's the reason why it is recommended to invest time before investing money to learn and understand about the crypto industry. Cryptocurrencies are based on blockchain technology which relies on the principle of decentralization.