Bitcoin Forum
October 19, 2018, 11:29:24 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 »  All
  Print  
Author Topic: Mistakes That Make You Poor Poor In Cryptocurrency  (Read 3157 times)
millgates
Sr. Member
****
Offline Offline

Activity: 602
Merit: 250



View Profile
July 11, 2018, 02:14:47 AM
 #21

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.
You should add fake website of bitcoin related service. Many fake website out there that will make you think that you enter the right site and send to the right address because those fake website is almost looks like the same. Just try to inpunt some false password when you access your account there if you can sign in with that false password then that is really fake website.







▐██     ▄████▄       ██▌  ▄████████████████   ▄██████████▄      ▄█████████▄
▐██    ▐██  ███      ██▌  ███▄▄▄             ██▀        ▀██▌  ▄██▀       ▀██▄
▐██    ▐██   ▀██     ██▌    ▀▀▀████▄        ▐██         ▄██▌ ▐██           ██▌
▐██    ▐██     ██▄   ██▌         ▀██▄       ▐██  ▄███████▀   ▐██           ██▌
▐██    ▐██      ██▄  ██▌          ▐██       ▐██  ███▄         ▀██▄       ▄██▀
▐██    ▐██       ▀████▀           ▐██       ▐██   ▀▀███████     ▀█████████▀



.



.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀


             ▄▄▄
        ▄▄▄█████
  ▄▄▄████▀▀▄███
▀▀████▀ ▄██████
    █ ▄███████
     ███▀█████
           ▀█▌

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

     ██  ██
   ███████████▄
     ██      ▀█
     ██▄▄▄▄▄▄█▀
     ██▀▀▀▀▀▀█▄
     ██      ▄█
   ███████████▀
     ██  ██

▄▄▄▄▄▄        ▄▄▄▄▄▄
 ▀█████       █████
  ██████     ██████
  █ ▀████   █ █████
  █  ▀████ █▀ █████
  █   ▀████▀  █████
 ▄█▄   ▀███   █████
▀▀▀▀▀▀   ▀   ▀▀▀▀▀▀▀

          ▄▄▄ ▄▄▄
          █  ████
      ▄▄▄█▄▄▄▄ ▀
▄█████████████████▄
▀████▌  ███  ██████
  ███████████████▌
   ▀███▄▄▄▄▄████
    ▀▀███████▀▀
1539991764
Hero Member
*
Offline Offline

Posts: 1539991764

View Profile Personal Message (Offline)

Ignore
1539991764
Reply with quote  #2

1539991764
Report to moderator
1539991764
Hero Member
*
Offline Offline

Posts: 1539991764

View Profile Personal Message (Offline)

Ignore
1539991764
Reply with quote  #2

1539991764
Report to moderator
1539991764
Hero Member
*
Offline Offline

Posts: 1539991764

View Profile Personal Message (Offline)

Ignore
1539991764
Reply with quote  #2

1539991764
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Chrisjay29
Full Member
***
Offline Offline

Activity: 392
Merit: 103



View Profile WWW
July 11, 2018, 02:55:46 AM
 #22

Yeah thats the common mistake but thier are so lot of mistake that can make you poor in cryptocurrency. One of those is panic selling. They didnt wait to move up the token. The second is not analysing the object where you invest. There lot of investment that has scam one of those is airdrop and ico.

AGATE  ▄▄▄▄▄▄ Facebook Telegram Twitter Medium   ▄▄▄▄▄▄   AGATE
█ █ █ █ █ █ █ █    PayPal of Cryptocurrencies     █ █ █ █ █ █ █ █
████  Blockchain Protocol + 12 Working Modules - Use Crypto as Cash  ████
orions.belt19
Full Member
***
Offline Offline

Activity: 462
Merit: 112


View Profile
July 11, 2018, 04:08:10 AM
 #23

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.

Good List but you missed the main one, it is GREED! That is one factor which makes us poor while investing in cryptos. I know a lot of people who had bought bitcoin during late 2017 and proudly announced that move in facebook with a lot of hashtags. All of them are in loss today. SOme of them even used their credit card to purchase bitcoin hoping to make astronomical profit to cover the credit card interest fees and enjoy with the rest of the money.

GREED is one factor that drives us towards unrealistic profit making businesses. If greed is the factor that drives your instinct, you are pretty much doomed before you even start.

Greed can be said to be a main root cause since this in effect results to the different ways one may lose as cited by OP. Because of greed, people resort to extreme measures or become clumsy. Those who are hungry for money fail to see the red flags and overlook possible schemes and scams out of their desperation to gain money. If you are greedy, it’s also possible that you would invest even without researching first since you are so determined to profit and as a result, fall for scams or failed investments.
calya
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
July 11, 2018, 04:12:04 AM
 #24

Yeah thats the common mistake but thier are so lot of mistake that can make you poor in cryptocurrency. One of those is panic selling. They didnt wait to move up the token. The second is not analysing the object where you invest. There lot of investment that has scam one of those is airdrop and ico.
our mentality and skill to analyze coins is important to us if we want investing our money in cryptocurrency.commonly people doesnt care about this think.so they suffering lose a lot.

.
                ▄▄▄▓▓▓▓▓▓▓▓▓▓▄▄
            ▄▄▓▓▀░░░░░░░░░░░░░░▓▓▓▓
          ▄▓▓░░░░░▄▄████████▄▄░░░░░░▓▓
        ▄▓▀░░░░██████████████████▄░░░▓▓▌
       ▓▓░░░▄██████████████████████▄░░░▓▓▄
      ▓░░░░█████████████████████████░░░░▓▄
     ▓▓░░░████████████████████████████▌░░░▓
    ▐▓░░░▓████████████░░░░░████████████░░░▓▓
    ▓▓░░░█████████████▓████▓███████████▌░░▐▓
    ▓▓░░░█████████████▓████████████████▌░░▐▓
    ▐▓░░░▓████████████▓░██░████████████░░░▓█
     ▓▓░░░████████████▓░██████████████▌░░░▓▌
      ▓▓░░░███████████▓██████████████▀░░░█▌
       ▓▓░░░░█████████▓▄███████████░░░░█▀
        ▓▓░░░░░██████████████████▀░░░░▓█
          ▓▓░░░░░░▀██████████▀▀░░░░░▓█▀
            ▀▓▓░░░░░░░░░░░░░░░░░░▓█▀
                ▀▓▓▓▓▓▓▓▓▓▓▓██▀▀▀
██
██
██
██
██
██
██
███ BRIDGING MARKETS ███
AN ALL INCLUSIVE ECOSYSTEM
██
██
██
██
██
██
██
██  Social Media  ██
██▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌
▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
██
SiNeReiNZzz
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250



View Profile
July 11, 2018, 04:36:38 AM
 #25

Someone has said about greed from the other page. Yes it is also one of the most common mistakes that gives you big impacts such as regrets all time. It is common among traders who wants to have more, and didn't realize after that they even lose more than what they earned.


 ▄██████████▄       ▄█████████▄
▐███████████▀       ▀██████████▌
▐████▀▀                  ▀▀████▌
▐███▌        ▐██  ▐██      ████▌
▐███▌        ██▌  ██▌      ▐███▌
 ▀█▀     ▐█████████████▌    ▀█▀
            ▐██  ▐██         
         ▄▄▄███▄▄███▄▄▄       
 ▄█▄     ▀▀▀██▀▀▀██▀▀▀▀     ▄█▄
▐███▌      ▐██   ██        ▐███▌
▐███▌      ▐█▌  ▐██        ▐███▌
▐████▄▄                  ▄▄████▌
▐███████████▄      ▄███████████▌
 ▀██████████▀      ▀██████████▀



████████▌                                                                   ▄▄                     
   ██                               ▐█▌    ██                               ▀▀                     
   ██   ██▄███ ██     ██  ▄██████▌  ▐████▌ ██       ▄██████▄    ▄██████▄    ██   ▄██████▄  ▄███████
   ██   ██▀    ██     ██  ██▄▄      ▐█▌    ██      ██▀    ▀██  ██▀    ▀██   ██  ██▀        ███▄     
   ██   ██     ██     ██   ▀▀▀███▄  ▐█▌    ██      ██      ██  ██      ██   ██  ██          ▀▀████▄
   ██   ██     ▀██▄▄▄██▀  ▄▄▄▄▄▄██  ▐██▄▄▄ ███▄▄▄▄ ▀██▄▄▄▄██▀  ▀██▄▄▄▄ ██   ██  ▀██▄▄▄▄▄▄  ▄▄▄▄▄▄██
   ▀▀   ▀▀       ▀▀▀▀▀    ▀▀▀▀▀▀▀    ▀▀▀▀▀  ▀▀▀▀▀▀   ▀▀▀▀▀▀      ▀▀▀▀▀ ██   ▀▀    ▀▀▀▀▀▀   ▀▀▀▀▀▀▀ 
                                                                ▄▄▄▄▄▄██▀                         
                                                                ▀▀▀▀▀▀▀         

TM
██
██
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██
   ██
   ██
Rubel23
Newbie
*
Offline Offline

Activity: 110
Merit: 0


View Profile
July 11, 2018, 06:01:55 AM
 #26

Some more points can also be added such as selling in low prices,investing without knowledge etc.In 2018,we are seeing  lots Icos that coming to market, unfortunately most of them are not legit.People just invest without researching about those. Again, as the market is now in an unstable situation, some are selling in low prices just being afraid.That also making them in a great loss.
They need to be careful about this.
zanezane
Full Member
***
Offline Offline

Activity: 458
Merit: 100

topex.io


View Profile
July 11, 2018, 06:17:52 AM
 #27

Some more points can also be added such as selling in low prices,investing without knowledge etc.In 2018,we are seeing  lots Icos that coming to market, unfortunately most of them are not legit.People just invest without researching about those. Again, as the market is now in an unstable situation, some are selling in low prices just being afraid.That also making them in a great loss.
They need to be caeful about this.

Some people are easily jumping in an investment without proper and enough knowledge then later on if their investments are gone they'll shout to the world that they got scammed. They see their friends that become rich with cryptos as so they think it can also happen to them that's why they don't even bother to research about it. It's sad that when they see a lot of money they easily gave up and invest without seeing the other side of the picture.

═╣ ◆ TOPEX.IO - ICO & Bounty for  Brand  New  Cryptocurrency Exchange ╠═
═╬═╣with loss compensation and profit distribution between TPX token holders╠═
╩══╣ FACEBOOKTWITTERTELEGRAM ╠══
wahyu wida
Full Member
***
Offline Offline

Activity: 462
Merit: 100


“Tackling Climate Change Using Blockchain”


View Profile
July 11, 2018, 07:14:26 AM
 #28

Some more points can also be added such as selling in low prices,investing without knowledge etc.In 2018,we are seeing  lots Icos that coming to market, unfortunately most of them are not legit.People just invest without researching about those. Again, as the market is now in an unstable situation, some are selling in low prices just being afraid.That also making them in a great loss.
They need to be caeful about this.

Some people are easily jumping in an investment without proper and enough knowledge then later on if their investments are gone they'll shout to the world that they got scammed. They see their friends that become rich with cryptos as so they think it can also happen to them that's why they don't even bother to research about it. It's sad that when they see a lot of money they easily gave up and invest without seeing the other side of the picture.
right. they just want a profit like an experienced trader, without learning the world of cryptocurrency at risk, after a bad thing they blame cryptocurrency. this is one of the causes of bad news

Lexurdania
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
July 11, 2018, 09:07:34 AM
 #29

In any investment, no one cover our loss on our capital, thats why we need good knowledge before investing our money. Mistake that i made maybe I am selling my coin with cheaper price because of negative news in market and peoples start selling that coin.

aliichaudhary
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
July 11, 2018, 09:12:43 AM
 #30

Theres a common mistakes which makes you loss profit just like investing without knowledge on it.There are lots of ICO projects rising nowadays so common type of investors mistake is they jump easily into those project without assurance.Thats why instead they will earn they loss more money.Greediness also leads you in losing money.Carelessness will also leads to trouble like your accounts will be hacked or you might get scammed easily.
dewdd2
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
July 11, 2018, 09:17:58 AM
 #31

Thank You very muchเล่นไพ่บนมือถือ:d
squog
Full Member
***
Offline Offline

Activity: 420
Merit: 100


ANONYMOUS MOBILE PAYMENTS


View Profile
July 11, 2018, 09:28:31 AM
 #32

Too true. I've known of people even friends who actually lost their keys into their accounts because their phone got stolen. Luckily they transfered most of their holdings to their local wallet, but still that crap hurts. Also, the biggest mistake one could have done is to sell low then buying high. These same people wept when bitcoin peaked at 20k USD.

baconlike
Jr. Member
*
Offline Offline

Activity: 266
Merit: 3

Blockchain Powered Clinical Trial Management


View Profile
July 11, 2018, 09:42:27 AM
 #33

My biggest mistake is not to wait for long periods of time, I always worry and see the prices of coins, so I usually sell them at low prices. I did not wait patiently so I never succeeded with them.

▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔
ClinTex CTi  ──  Blockchain Powered Clinical Trial Management
▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁[/cente
Pamadar
Legendary
*
Offline Offline

Activity: 1078
Merit: 1002


View Profile
July 11, 2018, 10:22:30 AM
 #34

Yeah thats the common mistake but thier are so lot of mistake that can make you poor in cryptocurrency. One of those is panic selling. They didnt wait to move up the token. The second is not analysing the object where you invest. There lot of investment that has scam one of those is airdrop and ico.
They just think that crypto is a money making system so they just sell when they've seen wrong choice of coins without thinking that it will bounce back after, those selections are true and it really makes investors much poorer when they mistakenly deal with this investment without trying first to understand every aspect that they needed to learn, much better to know what you are doing/investing in order to comfortably played with the market and earned decent profits.

|
 

              ▄
              █
             ▐█
            ▄██
 █▌          ▐█
 ██       █████
 ▐██▌      ████
  █████    ████
▐██████▌   ████
  ██████▌ █████
  █████████████
   ████████████
  ▐████████████
   ▐███████████
   ▐███████████
    ███████████
      █████████
       ████████
         ██████
           ▀███
             ▀▀


█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀

in


             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀


     ▄▄█▀▀ ▄▄▄▄▄▄▄▄ ▀▀█▄▄
   ▐██▄▄██████████████▄▄██▌
   ████████████████████████
  ▐████████████████████████▌
  ███████▀▀▀██████▀▀▀███████
 ▐██████     ████     ██████▌
 ███████     ████     ███████
▐████████▄▄▄██████▄▄▄████████▌
▐████████████████████████████▌
 █████▄▄▀▀▀▀██████▀▀▀▀▄▄█████
  ▀▀██████          ██████▀▀
      ▀▀▀            ▀▀▀


                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌

BTC




█▌
█▌          ▐█
█████       ██
████      ▐██▌
████    █████
████   ▐██████▌
█████ ▐██████
█████████████
████████████
████████████▌
███████████▌
███████████▌
███████████
█████████
████████
██████
███▀
▀▀
Nikola95
Full Member
***
Offline Offline

Activity: 199
Merit: 102


View Profile
July 11, 2018, 10:25:40 AM
 #35

I lost a lot of money in trading too =(

Day trading and swing trading are very common mistakes people do in the beginning.

True. Also buying some unknown alts with huge % rise for that day, and making easy for people who pump it to exit nicely. This mistake is related with mistake of trading on some suspicious exchanges, so people need to think carefully which exchange to use.
Direwolve735
Full Member
***
Offline Offline

Activity: 392
Merit: 210



View Profile
July 11, 2018, 10:28:32 AM
 #36

The biggest mistake in the crypto-currency sphere, because of which people lose money, is to overestimate your own strengths, and as a consequence, the use of a larger amount of money than you can afford. You can never use the money that you are afraid of losing.

HORIZEN   ►►► Bringing Privacy To Life
Discord -------- ANN Thread -------- YouTube -------- Telegram  --------  Forum -------- Twitter
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
weblouartisan
Full Member
***
Offline Offline

Activity: 448
Merit: 100


Lets Go Adab


View Profile
July 11, 2018, 10:53:07 AM
 #37

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.

In my own opinion, most of the people who invest on cryptocurrency without a decent knowledge on how the market works are really losing a huge amount of their investments.

mimienamphine
Member
**
Offline Offline

Activity: 224
Merit: 12

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO


View Profile WWW
July 11, 2018, 11:13:53 AM
 #38

There are several and individual factors in the cryptocurrency world that make people very poor here in the cryptocurrency world.Ranging from ICO prices of coins falling below the prices investors bought the coins to the hodl mentality that makes too much waiting and prices fall down even more.

ss890
Sr. Member
****
Offline Offline

Activity: 602
Merit: 263


View Profile WWW
July 11, 2018, 11:17:28 AM
 #39

So in general it is something which is off the rule you follow and you get it busted for it. Obviously that is always the case no matter what you do. You to be very precautious with the crypto currency investment otherwise we can get screwed anytime. There are more than scams rather than good projects or ways of earning here so we have to always have extreme precautions.
gosha18
Newbie
*
Offline Offline

Activity: 80
Merit: 0


View Profile
July 11, 2018, 11:23:32 AM
 #40

So in general it is something which is off the rule you follow and you get it busted for it. Obviously that is always the case no matter what you do. You to be very precautious with the crypto currency investment otherwise we can get screwed anytime. There are more than scams rather than good projects or ways of earning here so we have to always have extreme precautions.

On criptomarket it is very difficult to understand where the deception, but where something is worthwhile. 
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!