Mistakes That Make You Poor Poor In Cryptocurrency

[The_Dark_Knight]

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 of all the mistakes is to not backup your private keys, I know that many are very busy but backing your keys takes just a few minutes and in case something happens to your computer you have a way to get your money back, we have heard many stories of people that lost everything just because their hard drive broke down, please do not be that person.

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[Fathurrahman27]

I lost a lot of money in trading too =(

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

For now it's very equitable that many people lose their money in Trading, because the market conditions are run into a drastic derivation. We only need to Hold now

[taliwang]

what you say is that there are also some people who do not backup their keys to enter their wallets and there are also those who are affected by scams and even trapped in phishing links that make many new traders experience a lot of losses because they don't have very much experience .

[coinxwife]

 Yes many are more poorer due to too much greedyness why? After they receive some tokens or rewards they instantly do the excha nge,they dont matter to put some investments for more profit for the furure,because we cant notice that it will suddenly grow More bigger.

[Toraokun]

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.

That's why knowledge about Bitcoin is the important thing before you do investment, investing without learning commong thing from here just make you lost profit instead gaining from it.

[Barcode_]

what you say is that there are also some people who do not backup their keys to enter their wallets and there are also those who are affected by scams and even trapped in phishing links that make many new traders experience a lot of losses because they don't have very much experience .

Some people became greedy when they saw some phishing website that promises to give them free crypto-currencies, and once they click on the links to get into the site, they even blindly followed the instruction on the sites by keying in important details on those phishing website, and these actions would allow the hackers to get access to their wallets and steal all their crypto-currencies away from their wallets.

[brukva]

In all, greed is to blame, people want a lot of money, so they make mistakes.

[DAVETUN]

When I first join the crypto community, Usually buy coin base on hype and pop up, not aware on the scam in here, later learnt my lesson in a bad way after losing some cash,now I know better ,  to invest research, and ensure you not investing in scam project.

[KINGCHACHA1]

In cryptoworld and cryptocurrency investment  there is no functional insurance company or platform yet which means we bear any amount of lost we incur all by ourselves. When trading and investing be extremely careful. The support may not reverse your lost.

[best ever]

The biggest mistake I made was selling too early and not holding long enough.  It still lingers in my mind and from this point on I am going to be patient.

Instead of sitting thinking about sad things. Take more action to have positive thinking. Many actions and good habits let you forget things that are not worth much thought. Then good thinking will do more in the future.

You can also try to take these mistakes as the best lessons, which have shown you the wrong paths in the cryptocurrency world. Be active, positive, and you will win.

[megasynk]

The thing that made me loose the most money in cryptocurrency was twice entering a project on all time high and not selling my coins in december .

[VclDm]

Your biggest mistake in electronic money is hurry and hasty, impatient to wait for better prices, in my opinion should not be, let go of that and practice more patience, all luck will come to you

[YoungMaster]

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 addition. many people keeping their coins in an exchange without knowing the potential for hacking on that website, moreover they don't active 2FA and set a email or phone verification on their account.

[frankiemalton]

I have found out the hard way that it is not rare in this market for fluctuations to happen.

[heartwreck]

Those list are very helpful for those who forgot those necessary needs in protecting their cryptos because of their greediness.

[Gibsonlda]

This happened at the beginning I was actively involved with Crypto, I had a tendency to be self-taught and didn't care about referrals from other people, many websites that I clicked on and eventually caused phishing, I experienced significant losses and were inactive for several years.

But this time I returned with a different attitude, I received more input from others and maintained the behavior for not blunders that were identical with selfishness.

[Cryptoworld4]

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.

This are very common things that can happen to people in cryptocurrency. A lot of people have lost all they have as a result of wallets hacking. Some have also thrown away caution by investing all they have in a failed project. You just need to be careful in this crypto space. Else, you just go bankrupt.

[Dread Pirate Roberts]

Emotionally and wisely in managing finances is very important in any financial field. and also maybe small things that can cause loss factors can be as big as
deciding actions in the market or not being able to maintain finances properly

[bajigur894784]

Many people enter the cryptocurrency market uninformed, uneducated and looking to get in and get out quick. Truth be told, cryptocurrency markets are still vastly driven by technological understanding, just as much as they are driven by financial analytics. Cryptocurrency investing is risky, many wide-eyed, eager investors are entering the market without the slightest notion of what blockchain technology.

[orayorayan2]

yes it is all a weakness of BTC, extra caution is needed compared to investing in a bank for example, right sometimes I think what if there must be an independent institution that protects and guarantees the security of this crypto investment, but it feels difficult, so maybe all back to ourselves each