Mistakes That Make You Poor Poor In Cryptocurrency

[darkr]

investment is a good decision for the future but a small mistake in the process causes our funds to lose and lose, because we are careless in saving our assets.

Each investment starts with the choice. You need to pick the cryptocurrencies which are the potential gainers. In case, when you do not make a mistake, you will win, and vice versa.

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[mriansa]

the kinds of errors that you mention usually occur to new traders who don't know the right and correct trading methods, they are not careful and cannot control their patience to read and understand the instructions so that finally making new traders hit by the problem can even causing losses.

[luki12121]

7. Using web wallet
8. didn't withdraw btc from exchange

[aizen10]

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.

Addition being greedy in this field will give you a lot of losses, then don't buy coin just because it was hype because sometime it will turn your investment into nothing even if you wait it for too long. And when you enter in this field you need to be strong for you to be able to succeed.

[Ranly123]

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.

All you have mentioned has something to do with the recklessness in doing business in cryptocurrency. There is also another reasons that could also lead to losses like the obsession in investing even without proper knowledge on what to invest. Avoiding such frailty is what should be done.

[CASTIEL05]

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.

I will go with number four. As usual, many people are triggered of rumors. Even I, we never plan our execution because we know that anytime, train will left us. In the world of cryptocurrency, people needs to assure the legitimacy of dropping or rising of a certain coin. We should not be more emotional or we must not hear gossips. Let's do our own step just to make assure everything will materialize.

[dealsmith]

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.

I can't agree more. Greed is exactly what makes people become poorer and poorer. The clearest evidence is the person who bought cryptocurrency last December. Up to now, if someone can not wait and sell it, they have to suffer a loss because of their greed.

[gurang]

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.

yes mistake is the one who make you poor, but we need to mistake to learn how to fight what we lost, but in the trading we need to be careful and think wisely

[musharaf]

The only thing which makes you poor in life and in crypto too that is your mental behavior every thing is controlled by your mind and crypto is very good for the life to enjoy and become the successful person in life  i have seen many people who are not holding coins for long term so i am looking at them they are not wise because they have no patience,

[onrise]

I think the biggest mistake we make when investing in Bitcoin is to follow rumors. It could be rumors from people around you or rumors from the Social Revolution that it would have a negative impact on investor sentiment and cause them to lose the opportunity.

Panic selling is the worst scenario where the seller them self do not know should they sell it or not. Just because other are selling or some small bad news came which could be misinterpreted as well still people will do what others do instead of using their own mind and taking decision about it.

[voltesbit777]

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.

The reason why there are some of the community in crypto world is they are lack of knowledge, because if they only have enough for this matter for sure they will make a back up key, they will become aware of phishing sites too, they won't buy coins easily without doing a research first before buying it and they will make a strong password.

[Ahimoth]

I think the biggest mistake we make when investing in Bitcoin is to follow rumors. It could be rumors from people around you or rumors from the Social Revolution that it would have a negative impact on investor sentiment and cause them to lose the opportunity.

Panic selling is the worst scenario where the seller them self do not know should they sell it or not. Just because other are selling or some small bad news came which could be misinterpreted as well still people will do what others do instead of using their own mind and taking decision about it.

Well sometimes people do mistake that possible make them poor in crypto but I know they will not allow to happen it again to lose opportunity especially when that opportunity is can change their way of living. All of us is also make mistake so we do anything so we don't missed the chance especially when it comes to our earning. One decision can make it opportunity or mistake, so its better to think twice before to decide.

[Tervelatuk]

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.

The reason why there are some of the community in crypto world is they are lack of knowledge, because if they only have enough for this matter for sure they will make a back up key, they will become aware of phishing sites too, they won't buy coins easily without doing a research first before buying it and they will make a strong password.

so this why we need to learn everything before decided to join into some place.not only cryptocurrency but other place too.prepare our self with some knowledge would not make us poor if we know how to prevent it.

[awik p]

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.

The reason why there are some of the community in crypto world is they are lack of knowledge, because if they only have enough for this matter for sure they will make a back up key, they will become aware of phishing sites too, they won't buy coins easily without doing a research first before buying it and they will make a strong password.

so this why we need to learn everything before decided to join into some place.not only cryptocurrency but other place too.prepare our self with some knowledge would not make us poor if we know how to prevent it.

indeed such a step is better. but sometimes to learn it takes a long time. many of the entrepreneurs started their careers, even though they still had a little knowledge. they have high speculators

[UchihaRukawa]

One thing that got me here is the one with the rumors, I get a little bit easy when it comes to rumors, once I see that people are saying good things about a coin I believe easily and that is one of the things that made me regret many things about the cryptoworld. Hope you guys dont end up like me.

[iged_war]

One thing that got me here is the one with the rumors, I get a little bit easy when it comes to rumors, once I see that people are saying good things about a coin I believe easily and that is one of the things that made me regret many things about the cryptoworld. Hope you guys dont end up like me.

so you didnt make your own research.following unknown people advice could be make us suffering loss, moreover they give us wrong thing.always check rumors in market, is it true or not.

[smile1218]

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.

I agree with you. Thats why before investing we need to analyze first if the coins that we are buying is worth to buy and if it has potential in the market. Always back all the keys to be able to secure the wallets and keep as many as we can.

[will2500]

Each person makes many mistakes at that stage when he is just starting to master the cryptocurrency sphere, but gradually gaining experience and new data, we all become smarter and already make far fewer mistakes.

[MarjorieZimmermanGinger]

if in my opinion the existence of mistakes will not be able to make us poor in crypto, because with the fault we can improve again for the future so that it is better and our career journey can also run smoothly. because mistakes can make us poor not right in my opinion

[posi]

The mistakes I made which make loose the opportunities of making huge money the last all time high price of the market was loosing the private keys with back up informations of my wallet, doing some ROI investment which later disappeared and not withdrawn some of my coins on an exchange which end hacked.