Mistakes That Make You Poor Poor In Cryptocurrency

[bakkang]

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.

Other than what you are mentioned above, i think the mistakes that make you poor in cryptocurrency is not having an effective strategy in dealing with crypto especially when bitcoin dumps everyone is in panic selling. So i think we need to be knowledgeable especially on how crypto works.

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[Opnsrc]

One more thing is the unplanned investment and the clear strategy. Investors now often do not set goals for profit and they let emotion decide everything. That is a very serious mistake.

Although it is very difficult, you must forget about the emotions when you work with the cryptocurrencies. An emotional person makes more mistakes than the individual who has a cold mind and a clear head.

[darkr]

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.

Even we don't have any of your list but I can not be patient and sell my crypto now, it also the reason can make me poorer and poorer in cryptocurrency.

If you sell altcoins now, you will regret this decision later. Do not trust the people that persuade us: the market is going to die soon. Their aim is to see the cheapest cryptos to buy them.

[Rhosadah]

Also:
- Not understanding the basic market rules. If you buy a scam token with no orders it's gonna end very bad.

but Ico's success can also suffer losses due to overall corrections now many are experiencing asset losses when crypto falls free at its lowest point in a year.

[Wayan_Pedjeng]

The most important ones are to backup your wallet, and to protect your coins from hacking. Because crypto is not like fiat cash. Once the coins are lost or stolen, then the chances of a recovery are close to zero.

[Yusuf77]

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.

Even we don't have any of your list but I can not be patient and sell my crypto now, it also the reason can make me poorer and poorer in cryptocurrency.

If you sell altcoins now, you will regret this decision later. Do not trust the people that persuade us: the market is going to die soon. Their aim is to see the cheapest cryptos to buy them.

yes you are right, we must believe in ourselves because our future depends on our own way. when other people give advice or persuasion it is better to first consider whether it is good or even plunge us into something bad.

[LieTOme]

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.

what you convey is very true and useful for investors before starting to invest in crypto currency patience and confidence is the best capital

[pocketfullofpoke]

What makes you poor in crypto is due to your decision-making, IMO. Decision-making is everbody's main characteristic to have especially when you are into crypto investments because a single mistake can cost you your investment.

[Conasse]

Investing each penny you own and buying a shitcoins. Losing everything, not able to pay the house anymore, forced to sell it, your wife leaves, your company is closing making you unemployed.
Perfect scenario

[fauzan Ichsan]

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.

Jumping into conclusions usually can get us really down. Specially, when we think that we have come up with a wrong decisions to buy or sell something and to take a risk.

but from that makes us able to correct mistakes and later do not repeat them, if we often encounter problems, of course a lot of experience will be achieved, and that is good for us

[Netnox]

You need to add panic selling as your 7th point. Because I have seen a lot of the inexperienced users selling their coins at dirt-cheap rates and later regretting about their decision.

[timotron]

Can I add this to you list?

Get Scammed ( Happened to a lot of newbies in pages like LocalBitcoins)
DIE
Greed and don't take profits(short)

[Rrotess]

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.

Jumping into conclusions usually can get us really down. Specially, when we think that we have come up with a wrong decisions to buy or sell something and to take a risk.

[nur rochid]

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.

Jumping into conclusions usually can get us really down. Specially, when we think that we have come up with a wrong decisions to buy or sell something and to take a risk.

if this is done repeatedly without any improvement from the error, then over time our capital will run out too. therefore learning from mistakes is very important to remain in cryptocurrency

[Ezenwanyi1]

There are common mistakes that people make that keeps  them perpetually poor in Cryptocurrency.
Mistakes like fomoing and then jumping into a trade without doing due diligence.
Greediness is another mistake....not taking profit w you see it no matter how little it may be.
Not grabbing opportunities too.

[Zalura]

Mistakes do not make 100% become poor but become a lesson so the future does not make repeated mistakes but using good strategies, all money-related will have risks that can make a loss, no knowledge that they often go to fraud sites that harming many people , especially in the selection of junk coins as now, instead of going up just to keep silent on that number alone for a long time, the panic will be very dangerous for yourself, think realistically do not expect too much to earn more money, but that's not the fact it will frustrating, ordinary-minded and trying to analyze every desire to invest or whatever.

mistakes in making a decision in trading are common, but making us poor is a wrong idea, because trading bitcoin is like we are learning to make an important decision, so if you are afraid to lose, don't trade, start trading in a way gradually, that is, without removing all of the capital we have, if indeed our belief in profit is very strong then we may use all capital to trade.

[pinoyden]

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.

Jumping into conclusions usually can get us really down. Specially, when we think that we have come up with a wrong decisions to buy or sell something and to take a risk.

if this is done repeatedly without any improvement from the error, then over time our capital will run out too. therefore learning from mistakes is very important to remain in cryptocurrency

Yes all of us are learning from our mistakes because if not , i dont think that we are still here but sometimes we cant just avoid loosing even though we are really cautios enough on what we do . that is because crypto business are unpredictable due to their unstableness cause by volatility .

The best thing that we can do so far is invest only what we can afford to loose . that is also the way  that you can avoid being bankrupt that can lead to poorness .

[coldplay3r30]

in cryptocurrency we have to protect our assets as best we can because we are responsible for all the assets we own.

the assets we have will not be lost, but if the price of bitcoin continues to fall then our assets in the form of bitcoin will also decrease in value, but will not disappear, so the best way might be to start selling if the price starts badly, because there are many assets in the form of bitcoin can be greatly reduced in value if the price falls too deep, so try not to save in the form of just one coin, we can divide it into several coins, of course the coin has the potential to rise.

[Pattart]

in cryptocurrency we have to protect our assets as best we can because we are responsible for all the assets we own.

the assets we have will not be lost, but if the price of bitcoin continues to fall then our assets in the form of bitcoin will also decrease in value, but will not disappear, so the best way might be to start selling if the price starts badly, because there are many assets in the form of bitcoin can be greatly reduced in value if the price falls too deep, so try not to save in the form of just one coin, we can divide it into several coins, of course the coin has the potential to rise.

Yeah, bitcoin won't die, so you will never lose your assets. but if the price of bitcoin drops to 80% of course you have experienced bankruptcy dude? the risk in bitcoin investment is huge, so you have to know when to enter and exit. so you can avoid breaking prices on the market

[DarkIT]

I just always thought that I didn't take advantage of the opportunity in 2017 yesterday. well, that might be my regret in the world of cryptocurrency. well, but I'm sure that the price will definitely return to normal prices in the future.