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Author Topic: why some are still loosing money in crypto  (Read 2623 times)
BayAngelo
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July 18, 2021, 10:01:47 PM
 #161

THE crypto trading space is meant to function that way. it is a market place. some buy low and sell high while some buy high and sell low. another man's high can be your low and another man's low can be your high. the market is unpredictable and no matter how expert you are, you are susceptible to loss. it is obvious that you can loose your money anytime.

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July 21, 2021, 02:12:07 PM
 #162

This has become a curse for those who never take lessons from what has happened in the past.
after all, crypto has produced many millionaires, so if there are people who feel crypto is a disaster then he is one of the people who are cursed by crypto because they don't want to learn from their mistakes.
Yeah I agree with you but the truth is there's so many ways why they still hoping because of wealthy even once. Just like me I'm still hoping that's why I'll never surrender.

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July 21, 2021, 02:28:37 PM
 #163

This has become a curse for those who never take lessons from what has happened in the past.
after all, crypto has produced many millionaires, so if there are people who feel crypto is a disaster then he is one of the people who are cursed by crypto because they don't want to learn from their mistakes.
Yeah I agree with you but the truth is there's so many ways why they still hoping because of wealthy even once. Just like me I'm still hoping that's why I'll never surrender.
it's because most of those people don't want to learn. they only come for a loss. therefore even if they get losses they will come when the hype happens again and enter for losses back.
when they don't want to learn then everything will repeat itself over and over again until their money may actually run out.

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July 21, 2021, 03:01:01 PM
 #164

maybe some of them have not been able to know and understand the mistakes that have been made in the past so it will be difficult for them not to repeat these mistakes, but it should be remembered that the benchmark for the existence of losses is very important to prevent big risks that could take coins just like that so that we experience a large enough loss. Therefore, those who have fallen must be able to examine what went wrong so that it does not happen again.
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July 22, 2021, 07:33:40 AM
 #165

if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
  • You follow a persons advice through his social account post example is Elon musk
  • You still believe that a certain coin will come back from the dead even though you already knew its a scam
  • you just follow your instinct and never make single research
  • emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.

Maybe its because some are still in the stage being new in engaging the world of crypto and didn't understand yet process on how to get into it and what should be done in the crypto market and to community.

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July 22, 2021, 02:33:21 PM
 #166

THE crypto trading space is meant to function that way. it is a market place. some buy low and sell high while some buy high and sell low. another man's high can be your low and another man's low can be your high. the market is unpredictable and no matter how expert you are, you are susceptible to loss. it is obvious that you can loose your money anytime.
Another thing is, many people only follow crypto when the trend is positive, so most of them buy coins at high prices. after all, they think that the crypto world is just a moon train. they forget that it is a roller coaster that can go up and down at any time. because they are not ready to take the risk, many of them sell when the price drops.

That's a very good point and probably one of the main reasons for those who lose money that they do actually lose money in the beginning. Another reason is that we shouldn't forget that in various phases in the crypto market the whole thing is a zero sum game. Someone must lose for someone else to win. Now some will say no, everybody can win, but that's not the case unless it goes up forever or never goes down again and stays stable, but those who bought at $65k are now obviously in a loss zone for someone else's realized win zone.
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July 23, 2021, 05:38:43 PM
 #167

I think one thing is for sure if someone is still loosing money in cryptocurrency investments, it's a lack of research upon doing what is and what's that throughout his investment. He doesn't know any single thing on what he's going to invest such that he only chooses coins or alts that he hopes it could give him a good profit in the future, then in the long run it cannot give him any profit and by that he tries another opportunity similar to that. Repeating cycle to lose for investment.
This is one of the main problems with those people that call themselves investors but that do not do any of the things true investors do, an investor that actually does his job knows beforehand if the asset in which they are investing has any chance of becoming profitable as they made an extensive reached about the projects in which they were interested, while most people never do anything like that and just hope they selected the right project which is a bad idea taking into account the number of projects that are scams in this market.
Some investors too easily believe in their own instinct so they jump easily into buying altcoins without even doing a good research first. This mostly ends up into losing. While other investors too also believe from the advices of others because that certain advice works for them but when you do it yourself, you still end up losing. This just means that the thing that might work for others might not work for you so better DYOR in everything we do.
And believing in your instinct is a problem, after all I could believe in it if the person that told me that had a story of being a successful investor for 20 years or something like that, but if they have been investing in the markets just a few months and they have no idea if they are going to be successful then relying on their instincts is a huge mistake, and unfortunately this is something that happens all the time and people pay the price because of it.

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July 23, 2021, 07:39:14 PM
 #168

Everything is correct. Only in my opinion, all of the above is more suitable for beginners than for those who have survived 3 years of winter after 2017.
I'm afraid that until a person makes mistakes and understands how everything works through his own failures, he will not understand most of the advice written above.

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July 23, 2021, 08:39:58 PM
 #169

if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
  • You follow a persons advice through his social account post example is Elon musk
  • You still believe that a certain coin will come back from the dead even though you already knew its a scam
  • you just follow your instinct and never make single research
  • emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.

You actually listed them correctly with enough information to help anyone understand the direction you are heading to. The truth has always been information, most people do not take into account the type of crypto they hold, that is, they follow the crowd, follow updates on Twitter or telegram without any proper research on the updates they get, and atimes a lot goes as far as holding shitcoins with goal it will pump massively one day.
In my own opinion, I think the best way to start is through learning how to research on any information you get because it is through such research that the person will be able to learn more then making the best decisions which will in the long run direct him a lot.
Holding good coins comes from thorough research which most of the times pays off massively.

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July 23, 2021, 08:40:43 PM
 #170

I am new to the forum and rather new to the crypto markets. I do invest in other assets for more than 20 years. The crypto world is new and strange compared to the Cefi world. I think most people who tend to lose a lot are probably going with the hype and do no research. In my opinion the crypto markets are still in the infancy stage and have not yet fully matured. In investing you have the risk reward theory. The higher the risk the higher the rewards. The rewards you sometimes see in the crypto are so extremely high that they involve huge risks. Most newbies probably do not realize this and are being fed the stories of people who became overnight millionaires with doge or another shitcoin. All the people who lost a lot of money rarely make it to the news.

I started a couple of months ago on the height of the last bull run with a couple of 100 dollars. I lost half of it playing with it, last weeks i am reading a lot and watch youtube for information about the different concepts. The potential of crypto is huge, but to me it appears there are also many developments that make it extremely risky. But since investing is also a hobby i think i will be enjoying myself the next few years!
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July 23, 2021, 10:11:58 PM
 #171

please note that in every market. people are meant to loose money whille it becomes an opportunity to make more money. making more moeny in a bear market shows how focus and dedicated the person can be to acheve this target. there is a reason for calling it a market. simply people buy and sell. if you are scared of holding , take time and sell to the whales and joun the weak hands.

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July 23, 2021, 10:26:29 PM
 #172

please note that in every market. people are meant to loose money whille it becomes an opportunity to make more money. making more moeny in a bear market shows how focus and dedicated the person can be to acheve this target. there is a reason for calling it a market. simply people buy and sell. if you are scared of holding , take time and sell to the whales and joun the weak hands.
There are two things meant for each market, if there's a loser, there are the winners.

Those people who are still making money during the bear markets, they're the usual people that earn no matter what the market is. Bulls or bears, they always find opportunity for each market.

Holding is good for those don't want to commit trades during bearish markets.

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July 23, 2021, 10:32:56 PM
 #173

Maybe its because some are still in the stage being new in engaging the world of crypto and didn't understand yet process on how to get into it and what should be done in the crypto market and to community.
What must be done at the initial stage is to learn in order to understand everything, because without learning, whoever he or she will never know how the conditions are in it and will also never be able to adapt himself to everything in crypto.
^ The problem is that people are easily jumping in cryptocurrency investment thinking that it is very easy to make money on it, most of them did not even know or lack knowledge on it. They are just jumping because someone told them it is profitable and when they saw the price goes down they begin to panic and start selling to cut their losses. That is the problem of most newcomers now, they just lose their money and start giving negative feedback to cryptocurrencies. Nevertheless, we can not blame them.
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July 23, 2021, 11:09:39 PM
 #174

The main thing is panic. They see the market dumping they sell their assets without seeing their losses. They got panic. The other thing that you have mentioned which is People like Elon musk do shilling of their favorite coins and people but that coins without thinking. I hope now Elon Musk will not  manipulate crypto market.
Definitely we see another face like "Elon Musk". Elon Musk never died until a famous person gave advice. Even the current situation of several countries follows the lead of Elon Musk. Those countries are burning and damaging the tools of Bitcoin mining. We need extra electricity when we are using a Tesla car. Some many investors lost their money for those scam advisor.
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July 24, 2021, 06:57:44 AM
 #175

Well losing money in crypto is such a normal thing because crypto is so risky as the price changes all the time. The volatility of cryptocurrency makes it unique and risky, so dont get shocked if there are so many people who lose money on it. aside from volatility some people also lose money because of scammers, scammers are always there all the time so be careful with them, most beginners are victims of such scams.
i think he already knows this but he pointed out other reasons on why people lose .
 i think the reason why he didnt add volatility because it was easy to manage , we can just wait and hodl if the prices are down but it was hard to doit if there are distractions , distractions that op posted in the first page . its not fun to loose money but we should stop  if we think we are not improving .
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July 24, 2021, 07:24:26 AM
 #176

Those who are still loosing money in crypto most of them are newbie, they take decisions in a hurry without thinking that they also can be lose.People make mistake because they think in a greedy way.

1-what to avoid:-
•Do not panic
•Lose Patience

2-What to do:-
•Be patient
•Deep knowledge
•MakevStrategise
•Dont sell Coins in a hurry
•Be socially active

See when statics charts are going up and down
There are many ways to control your loosing money... So be patience don't be panic nd hurry to make decisions.
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July 24, 2021, 11:11:28 AM
 #177

if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
  • You follow a persons advice through his social account post example is Elon musk
  • You still believe that a certain coin will come back from the dead even though you already knew its a scam
  • you just follow your instinct and never make single research
  • emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always

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July 24, 2021, 11:24:26 AM
 #178

if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
  • You follow a persons advice through his social account post example is Elon musk
  • You still believe that a certain coin will come back from the dead even though you already knew its a scam
  • you just follow your instinct and never make single research
  • emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always

The key to successful investing in cryptocurrency is patience, because most people panic too quickly if they see the price of coins purchased suddenly
fall. Even though if we have bought potential coins, there is no need to panic if the price of the coins falls, because usually the potential coins will
recover quickly and the price can go up again. The next causes us to lose money when investing in crypto, we are not able to control our greed.
If we have reached the target we set, sell immediately, don't delay taking profit, the price of the coins we buy can drop suddenly. In conclusion,
I agree that the reason why people fail when investing in crypto is a lack of patience and not being able to control greed. So fix these two mistakes,
then it will be easier for us to be able to make a profit.

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July 24, 2021, 11:45:18 AM
 #179

The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always
mostly traders failed with this points, they could not prepare their self well either in trading knowledge or psychology. In trading actually it is psychology war, traders that could hold and maintain their emotion they will be the winner.  Don't ever trapped in HYPE , FOMO or anything else without our own research , experts not allways right . If we could do it by our self , knowledge and skill will improve and very usefull for future.
Controlling our emotion is indeed one of the reason why traders win in trading but sometimes being panicking brings us positive outcome when others are still hoping you are the one who did sold first and then the price dumps and you are the winner.
But indeed that never become panicked when in trading because the ups and down is normal and the only weapon we can use is to manage our temper and have a great timing in the price movement from there we will surely win.

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July 24, 2021, 11:55:14 AM
 #180

In my opinion they are losing because of insufficient ideas about their investment in crypto, Some of them are sitting on the top of the hype crypto. They are invested in without proper knowledge. So many of them are loser in terms of investment. When I am new on crypto, I am always reading about all the info of what crypto I wanted to invested in. Like elrond, I search anything about them and their agenda and goals. So I am happy for them.
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