Stupid Bitcoin Traders

[Bonsaiav]

Well they say experience is the best teacher,

This sentence has a profound meaning as if to say that in carrying out this life it takes provision in the form of experience so that we can live well. Thus, past mistakes that have been made willnot repeat for the second time. That experience's very valuable, you shouldn't waste the opportunity to know more deeply about the valuable information that you get at that time.

[DarkEagleMan]

In my case I have been quite successful with bitcoin trading, because I started to accumulate when the price was around $450 a few years ago, and I was fortunate to sell a good portion of my holdings over $15,000. However, my worst decisions were made in the ether market, because I accumulated a good amount when its price was at $4.50, and I sold it at $7 because I thought that a 50% profit was very good for me. 

[Sirait]

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.

very true, not everyone is able to learn from past experiences and failures and the causes are lack of self-control, inaccuracy, and impatience. I actually belong to a stupid trader, always losing because I can't control myself, I will panic  when I see the price fall 

[imstillthebest]

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.

very true, not everyone is able to learn from past experiences and failures and the causes are lack of self-control, inaccuracy, and impatience. I actually belong to a stupid trader, always losing because I can't control myself, I will panic  when I see the price fall 

You cant become a succesful trader if you dont learn anything from you past mistakes  .  what can happen to you is that you will be repeating the same mistakes again and again . better if you will just quit trading than to keep on loosing . maybe trading is not for you  but its okay dont force yourself as there are still alot of profitable activities out there that you can do and they are more easier and more safer than trading 

[Eildosa]

I have of course no such stories, but it was interesting to read yours. Unfortunately, people do not want to learn something, they want to get money immediately. But it doesn't. I think that you should not advise investing in crypto to people who do not ask for it.

[toleomasd]

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

[toleomasd]

The hardest part is not selling when the sky is falling and you've lost 80%+ scared that you will lose everything. The second hardest is to not sell when market recovers and you made only a small gain. The third hardest is DO sell when it's up 10x but you are day dreaming about lambo and retirement

I never sell. I just keep buying. Then I go to bed and sleep. And wake up and buy more.

but all crupto except BTC… are shitcoins.

Don't be so confident, try to do some research. Moreover, recently I was surprised to find crypto social networks, such as Taklimakan, that offers crypto education.It's really great idea especially for newcomers. You'll find many interesting things there for urself. In particular, I’m fed up to answer the same questions all the time, lets ask it and answer in specific networks and stop polluting forum with it

[drumamat]

Not only your relative was in such a situation. Many after the explosive growth of Bitcoin began to buy it.And there are a lot of illiterate traders in General.In any case, if we talk about bitcoin, now is the right time to buy it.There are all signs that it will cost more.Alas, not everyone knows how to trade wisely.A paid channel with signals helps me a lot. Almost always, these signals help me to buy and sell in time.

[alonelyorange]

Many people still stupid become bitcoin trader because always hear about how other recommendation for buying or selling their asset, by the way its not good become profitable trader of bitcoin.

[antisocial77]

everybody tell newbies the same stuffs but people still making mistakes.its hard to understand.if you are into trade, you should know those pump groups are the first danger to stay away.

[scambust]

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

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?
But won't touch BTC once it stabilizes after a collapse?

Please Share you Stupid Bitcoin Trader Stories if you have em

IT IS HUMAN NATURE TO BE A SHEEP AND FOLLOW THE HERD.

Have you ever wonder why ponzi schemes are 85% profitable (for the founders anyway). It is because increasing value regardless of how it does always attract the greed of many people. We naturally just want to join in the crazy profits.

So what happens next when almost everybody already bought in? The damm thing collapses! It's because you have no one else to sell to. The panic selling ensues afterwards.

[bitcoin-shark]

i never recommend anyone to invest, everyone must take their own risks and invest in what they believe can be profitable, think of those who invested (perhaps badly advised) when bitcoin was worth $ 22k...

[arpon11]

Many people buying into hype instead of investing into the real things.  Like the in-law brother of op, many of such people did not know how bitcoin has been trading and it market behavior.  I seriously believe that many people here that claim to have investing into bitcoin has not put a cent into it and we do know the really investors and those that has been following cryptocurrencies market conditions. If you really want to join the really investors then you will need to study the historical data of bitcoin and its market behavior in the past and not investing because bitcoin is at the overbought area or avoid trade because you have lose in the past.

[Genemind]

It's simply because those kinds of traders and investors like your brother in law isn't well informed about the real flow of the market and the role of blockchain technology. I have doubted about bitcoin years ago and honestly, I have also thought of it as a scam and that is because I was clueless about it.
If people would know how to apply the basic strategy which is to biy low and to sell high, they would surely gain a good profit as they deal with the market.

[shield132]

You know what gets my gears grinding... My bubble to pop... My cheeks to tighten?

People who don't understand trading Bitcoin and are literally stupid about investing.

Here goes...
My brother-in-law is one of these idiota's - Let me explain.

I was all about telling him to buy into some BTCBTC when it was sub $300 back like 3 years ago. Just buy 1 or 2 I said - Whats $500?
He said NO, NO, NO - Not for me. So I left him alone about it.
Then come last year - When Bitcoin hit $15k - Guess what? He Buys In!  *at the time I did a quick facepalm* Seriously buys in after it pumps some 50x...

Anyways - Long story short - He lost like $5k after the collapse and he sold.

Now a couple months back, I was suggesting that $3.5k bitcoin might be a good time to get in again and redeem his loses... Figuring it's like 1/4th the price he originally bought at.

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

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

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?
But won't touch BTC once it stabilizes after a collapse?

Please Share you Stupid Bitcoin Trader Stories if you have em

Stupid thing was when I was spending bitcoins like nothinf when price was playing between 1000-3000 usd but don't blame myself much because at that moment people 1000$ surpass was a done impossible thing and had no hope of further rise.
Btw in your story, problem is truth and people in bitcoin act that way. They don't trust you when price is low but when they see price rises and rises for a long period, then they are becoming confident and invest but in reality they are choosing the worst time and lose money + lose confidence to risk in future.

[samcrypto]

everybody tell newbies the same stuffs but people still making mistakes.its hard to understand.if you are into trade, you should know those pump groups are the first danger to stay away.

A big mistake to trust every pump group, though i have to admit that mistakes like this are normal with the newbies and we can’t help but to keep on learning. Stupid things about trading is not to learn from your mistakes, people will always become greedy so try to have patience and don’t look for an easy trade and make huge profit.

[naufals4]

You know what gets my gears grinding... My bubble to pop... My cheeks to tighten?

People who don't understand trading Bitcoin and are literally stupid about investing.

Here goes...
My brother-in-law is one of these idiota's - Let me explain.

I was all about telling him to buy into some BTCBTC when it was sub $300 back like 3 years ago. Just buy 1 or 2 I said - Whats $500?
He said NO, NO, NO - Not for me. So I left him alone about it.
Then come last year - When Bitcoin hit $15k - Guess what? He Buys In!  *at the time I did a quick facepalm* Seriously buys in after it pumps some 50x...

Anyways - Long story short - He lost like $5k after the collapse and he sold.

Now a couple months back, I was suggesting that $3.5k bitcoin might be a good time to get in again and redeem his loses... Figuring it's like 1/4th the price he originally bought at.

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

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

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?
But won't touch BTC once it stabilizes after a collapse?

Please Share you Stupid Bitcoin Trader Stories if you have em

hahaha it happened to my friend too. Every human being can be blinded by lust, just like your friends and my friends compile that contains the hype of bitcoin and cryptocurrency those who are just starting to look for info about it and maybe assume bitcoin will rise even higher, so they buy bitcoin at a price that very high bitcoin bitcoin prices and losses when the price falls

[erikoy]

LOL, yeah totally shit mind set. It was not clear for him probably you did not explain to him how bitcoin trading works and how he could earn. A little bit of encouragement when you think it is good thing to buy and a little bit discouragement when you think it is not good to buy.

Just do constant feedbacking and definitely he will learn from it especially the right way to risk the money.

[Umkar]

This is a normal situation, because I can not all be specialists at the same time in all sectors. Someone understands the principle of operation of Bitcoin and someone does not understand. But people who just want to make money without trying to explore the subject of investment is likely to lose money.

[bhabygrim]

Well we do have the same situation but the difference is I did it to my friend.
Back when it was just around $400 I told them to buy some or at least try it but they all ignored me .
And when the price pumps up and they heard the news they bought some and guess what ,They lose so much of their investment and tried to ask me how to gain it back so I told them to trade but they didn't want to because they don't know what to buy and when to buy and sell it.
And I couldn't handle it so I just let them do what they want since they only saw it as a quick way to get money.