Stupid Bitcoin Traders

[GreatArkansas]

Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?

Really FOMO. And for some reason, it's also because they want easy money like they can become a millionaire in just a week. That's why most of the people are losing their money, they don't even research. I also have a lot of friends bought above $15,000 and when the BITCOIN drops, they start to cry and talk negative about Bitcoin, like scam or whatsoever.

[sunsilk]

My experience was almost the same but I didn't advised them to invest instead they asked me more about bitcoin and suddenly they bought it during $18k-$19k. They didn't even noticed me that they were about to buy.

I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.

1. Don't recommend investments to friends or relatives.

Yes, this is the best advice is not to advice and talk to your relatives and friends about crypto investments.

[Gaff]

My experience was almost the same but I didn't advised them to invest instead they asked me more about bitcoin and suddenly they bought it during $18k-$19k. They didn't even noticed me that they were about to buy.

I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.

1. Don't recommend investments to friends or relatives.

Yes, this is the best advice is not to advice and talk to your relatives and friends about crypto investments.

For me sharing to relatives and friends about cryptocurrency investments isn't a bad action to do so, but if one of them became judgemental better not discuss anything to them. However, if a person's thoughts was negative for their loved ones then so be it don't open up some topic all about because you'll turn out failure once they don't have interest on a certain matters.
Stupid mindsetting is due to lack of proper informations regarding bitcoin, so if you're a trader of bitcoin I think it's hard to make those people acquire basic knowledge if they're distant to us. Just pick those that will listen to you and ignore those who don't pay attention.

[Johnzky]

Well i was not as stupid as your brother because i am not a trader back then but i have my own stupid experiences here

My brother encouraged me in 2015 to try studying cryptocurrency specially bitcoin since he was inside the community year before then,but what i did is denied all his encouragement and sometimes i even told him to stop asking me because i am not interested

Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol

[sunsilk]

My experience was almost the same but I didn't advised them to invest instead they asked me more about bitcoin and suddenly they bought it during $18k-$19k. They didn't even noticed me that they were about to buy.

I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.

1. Don't recommend investments to friends or relatives.

Yes, this is the best advice is not to advice and talk to your relatives and friends about crypto investments.

For me sharing to relatives and friends about cryptocurrency investments isn't a bad action to do so, but if one of them became judgemental better not discuss anything to them. However, if a person's thoughts was negative for their loved ones then so be it don't open up some topic all about because you'll turn out failure once they don't have interest on a certain matters.
Stupid mindsetting is due to lack of proper informations regarding bitcoin, so if you're a trader of bitcoin I think it's hard to make those people acquire basic knowledge if they're distant to us. Just pick those that will listen to you and ignore those who don't pay attention.

It isn't a bad action and no one stops you of doing it but I'm basing my action now with the experience that I had. I just can't take it anymore when you spent your time with them discussing all that you know and experiences.

And what's frustrating is at the end of it, you'll be blamed with the actions that they did and guess what? you are not even associated or part of the creation of their plan. That really taught me that I should only talk to those people that are interested and much better if they aren't my relatives.

[ZloiRediska]

Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol

many traders analysts say that now the scenario is possible that bitcoin will once again fall to 3000 dollars. today we see the beginning of another correction. it's terrible if they're right.

[rijaljun]

I was the stupid one actually. As the Bitcoin's price was moving up at the end of 2017, I decide to sold all of my Ethereum for Bitcoin. I think it was good just to hold Bitcoin, but later Bitcoin price was stable and ETH/BTC pair was increasing. I should have got more Bitcoin if I was patient enough not to convert my Ethereum to Bitcoin.

[BitcSeo]

... And he says... "NO, NO, NO. Not for me - I learned my lesson"

No Dumb-Ass... You didn't learn shit! ...

Yes he did. He learned two valuable lessons:

1. Don't invest in something that you don't understand.
2. Don't invest in something just because some random relative tells you to.

Here's my lesson for you:

1. Don't recommend investments to friends or relatives.

@odolvlobo, you can recommend but do not persued them. there MUST be some kind of self willingness otherwise you might end-up pushing a rock. and the end result might be hatred if, thing's goes the wrong direction.

Year's back, i told a family friend about making money online (ebay) since he  was knew to the internet stuff.

Himself and the wife where skeptical about this due to stories of scammer's on the web.

The good thing is that he was excited about this whole stuff. The bad thing is that i disappear from him for about 3 year's after that encounter.

We finally meet one morning after 3-4 year's . he was quick to ask me with a pen in his hand about the internet biz opportunities.

I guess he's ready now to take action.

Thanks

[xvids]

... And he says... "NO, NO, NO. Not for me - I learned my lesson"

No Dumb-Ass... You didn't learn shit! ...

Yes he did. He learned two valuable lessons:

1. Don't invest in something that you don't understand.
2. Don't invest in something just because some random relative tells you to.

Here's my lesson for you:

1. Don't recommend investments to friends or relatives.

Yes it is true let them do their own research and let them learn on their own way.
This is the reason why I don't recommend investment on my friends and family because it is risky .
They have to know what they are investing on and don't let them be fooled and be greedy because they've seen some people become successful from it.

[iqlimasyadiqa]

I was the stupid one actually. As the Bitcoin's price was moving up at the end of 2017, I decide to sold all of my Ethereum for Bitcoin. I think it was good just to hold Bitcoin, but later Bitcoin price was stable and ETH/BTC pair was increasing. I should have got more Bitcoin if I was patient enough not to convert my Ethereum to Bitcoin.

Nobody is stupid because the right word is unlucky. price changes that occur are very difficult to predict. it is closely related to the amount of investment we have. The world of trading requires a risk and we must be prepared to accept any risks that may exist. a trader must be prepared to accept all the results that ultimately occur.

[Pamadar]

Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol

many traders analysts say that now the scenario is possible that bitcoin will once again fall to 3000 dollars. today we see the beginning of another correction. it's terrible if they're right.

It's an advantage if that analysis will happen, knowing that that is an opportunity to buy again and wait for the bounce back, learned from how the market behaves and always look at the bright side, fomo's suffered because since they are lack of knowledge, then pros always take the bunch of profits knowing how to act correctly from the current situation.

[Oceat]

If i was you, i don't like to recommend it to some friends or relatives unless they find it interesting but it seems that just like your story. Your relative doesn't seem to care and he may have a little knowledge about it, so let him find the truth by seeking it. Once you fed them already with the right knowledge and they seem to don't care then it won't work for him as long as he sought more about it.

[Cacingkemi]

Your brother-in-law doesn't learn from experience, he should first learn what BTC is and the price. Don't when the high price of buying and selling panic I think is not suitable in this industry, IMO BTC can also be grown from other investments such as buying ALT ETH XRP or investment in various other industries gambling same with me.

[loopes]

Actually bitcoin price will fall after pump because traders will always look for profit. Maybe he didn't see the longer time Frame chart of bitcoin price. I don't have any story like that, it seems that my brother and all of my team members are always becarefull when they do trading. Please always keep this patern in our mind " when bitcoin price go up then we should ready to sell at higher price and if it price go down then we should ready to buy bitcoin at lowest price at that period".

[fudster]

Not everyone learns from the previous experience. Your brother may want to prove his right about what he speculate than you being right. Of curse there is the truth  about his losing  money instead of gaining. Its now going to be one big FACT to him. You on the other hand are just about too prove that its the right time to buy BTC. If BTC price goes up, he will soon expect price to take a nose dive.

[Naida_BR]

Classic story. But you can consider that the most of us got involved in the cryptocurrency community in a similar way.

I had a conversation with a friend when bitcoin was around 400 and we were discussing to buy together some.
Guess what... We didn't buy... But we got involved in the industry when bitcoin was around 2k (still a lot more than 400).

The only difference with the initial story is that we still haven't cashed out and we expect a bigger raise in the price.

[ExFrozze]

I often contact people who don't know BITCOIN to buy, but from all the people I invite all don't understand (what is bitcoin) so I have to explain from the beginning how the development of bitcoin is, but it's not a problem for me to keep saying that bitcoin is an investment ahead, when I am old

[nicecrypto]

Well they say experience is the best teacher, now that he has experience it first hand he has learned his lesson on how to deal with this space, but unfortunately, most people who lost money during btc ATH just stay away from the market, they don't want to have anything to do with btc, they fail to understand that they still have the opportunity to recover some of their loss especially now.

[thesmallgod]

I barely new bitcoin until 2016 when clixsense introduce bitcoin as one of the payment options for crowdworker via some of the virtual card called tango card. For me I never think of investing then because i merely see it as payment options such as others like paypal, perfect money. etc. I have seen and heard how many people make a lot of money during the rise in 2017. For some that invested lately they also run a lost. Investing is crypto is very risky and that is the reason why many people are always afraid to invest.

[7jaka7]

I have a friend who was all hyped in late 2017. He wanted to trade, invest big, research new crypto, use trading bots etc. basically everything he could possibly do (of course, he had no experience in any of this). Then we talked a few months ago when I mentioned crypto he really got triggered. "Don't even mention any of this to me!" he said. I was really surprised by his reaction. I didn't want to dig deeper so I just asked him "So you will never ever get involved in it again?" And I will remind him of this question in the bull market when he will probably be all hyped again.

And about not giving advice to friends/relatives I only partly agree. You shouldn't say "Buy Bitcoin it will moon!" But talking about it in terms of technology is good and necessary so people can start trusting it. But of course, most of the people aren't interested in this.