Stupid Bitcoin Traders

[pey]

They are not stupid, most of those ''traders'' are same, I mean that's not about the individual. Most people did such mistakes in the past, but they were very much into crypto so they figured out their mistakes and level up as a trader instead of coming back in the next season and repeating it.

[nauane]

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

This is the story of majority of people. First time you made this mistake is ok because no one is born perfect and we do not know what will be the outcome. But again people repeat the same mistake. When Bitcoin is at 3.5K, they think its going to 1000$, so they plan to buy when it is more lower. Now when it is 5000$, same people ask "Should i buy now ?" 

[gendang_cinta]

They are not stupid, most of those ''traders'' are same, I mean that's not about the individual. Most people did such mistakes in the past, but they were very much into crypto so they figured out their mistakes and level up as a trader instead of coming back in the next season and repeating it.

they are only too eager to pursue their desires so that sometimes they are careless and finally repeat the same mistakes.
I think they have to stop for a moment and start thinking about the best solution from the problem and try not to repeat it, namely patiently in everything including selling, buying, holding and making decisions.

[Ailmand]

That is why I never recommend investing in cryptocurrency to my friends or family. It's not good to tell them to invest into something they are not fully aware of because in the end they might blame you for their losses. Better to let them learn and find out about bitcoin investment by themselves.

Most people make that mistake, being skeptical because they are not aware of it's potential, and suddenly riding in and investing out of FOMO then losing a lot of money.

[proTECH77]

~~~

This is the story of majority of people. First time you made this mistake is ok because no one is born perfect and we do not know what will be the outcome. But again people repeat the same mistake. When Bitcoin is at 3.5K, they think its going to 1000$, so they plan to buy when it is more lower. Now when it is 5000$, same people ask "Should i buy now ?" 

In my opinion, many traders operate in like manner and at the end, they all end up with lost because; they where unable to understand the movement of Bitcoin at that time. At any given in time; in the price of Bitcoin, many traders would think like this, i will buy when the market get lower than what the market is today. Stupid traders will always wish the price fall further before they buy.

[aliceHortrex]

I always advise you to invest only the money that is not a pity to lose.  Without which you can live.  And in no case do not take out a loan.

[Yamifoud]

That is why I never recommend investing in cryptocurrency to my friends or family. It's not good to tell them to invest into something they are not fully aware of because in the end they might blame you for their losses. Better to let them learn and find out about bitcoin investment by themselves.

Most people make that mistake, being skeptical because they are not aware of it's potential, and suddenly riding in and investing out of FOMO then losing a lot of money.

We are something different, I'll keep them aware of what I've been doing and I'll give them time to find themselves comfortable in doing this or not. Letting them to decide if they will go at risk as what I do and not forcing them. This is also away that they won't be far behind of what is happening in the world of currency and giving them some insights of how crypto will work for us, and maybe they'll be accepting the challenge at the right time.

[calandra78]

Please Share you Stupid Bitcoin Trader Stories if you have em

my friend thing bitcoin as valas like he ussually trade on forex. he bought bitcoin on january 2018 when price high to moon. then holding 6 six month only and sold it into june. he crying to me and talking about who was mad bitcoin and stolen his money.

[pinoyden]

Please Share you Stupid Bitcoin Trader Stories if you have em

my friend thing bitcoin as valas like he ussually trade on forex. he bought bitcoin on january 2018 when price high to moon. then holding 6 six month only and sold it into june. he crying to me and talking about who was mad bitcoin and stolen his money.

ouch that was a bad story and i feel bad about your friend . anyway you did mention valas but idk what is it . i suggest that the next time you post try to use common words if not then its better if you can only stick on your local board ( no offense )  .

also  ,  last january 2018 i dont think that the price was on moon but rather the price that time was starting to decline  . buying that time is not a bad idea but selling at low ( much lower than his buy price ) is consider a bad thing .

[Jan_Vl]

There are a lot of people like that, it is a normal situation. And the author just spends his energy and nerves, this is not your money, why do you even care about it at all?

[Siren]

Here's my lesson for you:

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

I second this opinion. Under no circumstances, we should give any investment idea to your friends and relatives if it's not real estate. Cryptocurrency is already a very complex matter for a lot of people to understand! Talk about cryptos if you want and let them know about the technology, but don't share investment recommendations! It's not only ruins your relation but also you will become a villain for their financial losses. Enjoy the cake alone!

Agreed because if time comes they fail let us not be blamed.

Just like what my brother did when he was encouraging me to study this crypto world,he told me to read alot learn things not just in my favor but what is this all about

He evn told me that never engaged into crypto gambling and never invest a single penny untill I totally recognized the meaning of losing behind gaining so thats what i do and i stay safe for atleast a year befoe i bought my first crypto investment

[Astvile]

Because of the hype,new traders/bitcoin users just hopped in because of the hype it created last year i know many people like what you mentioned i told them to buy when its low they didnt and waste money on buying on the top price and they all crying same thing,the reason of being that stupid is they dont know what they are going in they just go because it is hyped.

[jakelyson]

It is best to refrain from giving investment advice to close friends and family. You can be easily be blamed if the investment goes wrong. This is true to any investment type, bitcoin or fiat. I would talk to my friends and relatives about bitcoin: its price and technical side. But I will not urge anyone to buy any crypto even if the price is really tempting. I let them decide on their own.

[Johnzky]

Please Share you Stupid Bitcoin Trader Stories if you have em

my friend thing bitcoin as valas like he ussually trade on forex. he bought bitcoin on january 2018 when price high to moon. then holding 6 six month only and sold it into june. he crying to me and talking about who was mad bitcoin and stolen his money.

Because your friend is stupid enough to invest in a thing he don’t really understand,and you as friends should told him about this consequences

Because of the hype,new traders/bitcoin users just hopped in because of the hype it created last year i know many people like what you mentioned i told them to buy when its low they didnt and waste money on buying on the top price and they all crying same thing,the reason of being that stupid is they dont know what they are going in they just go because it is hyped.

Thats why people must understand that cryptocurrency is not just a area in which they can only profit,instead this is also an area that they can lose everything they invested

[ahmadinejad93]

Continue to my experience: it turned out that after much study, I decided to ask my brother to stop investing in Bitcoin. And I also advise you to stop. Quite often many positive opinions about Bitcoin are tempting investors to invest in it. But I actually argue the opposite.

[Mr.Ease]

Gosh Darn - Tons of action on this thread. I guess the word "STUPID" and "BITCOIN" gets some attention around here.

I Loved the responses - each and everyone of them touched my heart in some special way and I'm glad you all enjoyed my story!

Agree or disagree, Lets make better decisions in the future.

Make Some Money

And More importantly...

Make some BTCBTCBTCBTC