junkerr
Full Member
Offline
Activity: 1022
Merit: 100
Meta4uStake.io
|
|
July 29, 2021, 01:05:31 PM |
|
I think we've all been newbies at some point and we probably also made some bad investment decision based on insufficient understanding and knowledge. That's just kind of normal. The important thing to consider though is that you don't go too big in the very early days when you enter the crypto space. That is deadly for newbie investors.
every traders must passed this stages , impossible if they suddenly be good traders without passing bloody condition which is could make them felt give up want to quit from market forever. Our experience will teach us how to trade with good result with profit ratio bigger than risk ratio. Market will trained how us to controll emotion , psychology by experiencing some loss. that's true, because in crypto trading. it is not only knowledge and skills that will make us successful. experience from trading gives us new knowledge and skills. each asset we trade has a different market character. and we can certainly see and create a trading strategy for each asset traded. do not give up if you are in trouble such as loss. believe in the future with your other trades will generate greater profits.
|
|
|
|
Text
|
|
July 29, 2021, 01:21:41 PM |
|
It is only natural for a beginner to lose. That is part of the process of learning. When we want to try something new to learn, we explore it, and sometimes we can't avoid making mistakes. Even now I still make mistakes, because my excitement to enter the new emerging platforms and innovations in this technology is more dominant. Ultimately, the importance is still that we have gained knowledge that can be used on subsequent on our journey here in cryptoverse.
|
|
|
|
konflikkastil
Member
Offline
Activity: 879
Merit: 10
Sovryn - Brings DeFi to Bitcoin
|
|
July 29, 2021, 02:49:39 PM |
|
Information is the major key to success when it comes to making it big in Crypto Market. What you don't know you shouldn't even try dare go into it, because if you make that mistake. It's going to cost you a lot. Everything has the beginners stage, and Crypto is never an exemption. Sometimes, you gain and you loose. But what makes you pro is when you study what made you to ran into losses. And come back strong to develop a strong strategies to go back into the market. You are right about what you said about, believing a dead project can still come back when you know it was an obvious scam. This has happened to me countless of time, but I have to grow and move on. Knowledge is the main thing.
|
|
|
|
South Park
|
|
July 31, 2021, 09:16:49 PM |
|
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Things are never that simple if they were no one will ever lose money but the evidence shows otherwise so this cannot be correct, if you bought a good coin then your advice makes sense, even if you bought at a bad price as long as you held your coins then you're going to eventually be in profit, which is what happened to the minority of people that bought at the end of 2017 and still hold their coins to this day, but if you bought an altcoin that was unknown because you wanted to get a lot of profits then it is likely that if you have held that coin for that long you will still have massive losses as that coin simply disappeared or turned into a scam.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
July 31, 2021, 09:27:59 PM Last edit: August 02, 2021, 10:28:37 PM by seleme |
|
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Things are never that simple if they were no one will ever lose money but the evidence shows otherwise so this cannot be correct, if you bought a good coin then your advice makes sense, even if you bought at a bad price as long as you held your coins then you're going to eventually be in profit, which is what happened to the minority of people that bought at the end of 2017 and still hold their coins to this day, but if you bought an altcoin that was unknown because you wanted to get a lot of profits then it is likely that if you have held that coin for that long you will still have massive losses as that coin simply disappeared or turned into a scam. HODL forever logic is outdated, sooner or later the time factor will overweight the value. As long as the price is going down, buying in small parts and investing in reliable projects can save traders if the bear market goes longer than expected. One day the HODL coin can turn into a scam project as you explained and other risks are possible too. It is only natural for a beginner to lose. That is part of the process of learning. When we want to try something new to learn, we explore it, and sometimes we can't avoid making mistakes. Even now I still make mistakes, because my excitement to enter the new emerging platforms and innovations in this technology is more dominant. Ultimately, the importance is still that we have gained knowledge that can be used on subsequent on our journey here in cryptoverse.
The process of learning is hard but it will be worth to keep doing the trades in different ways after having a proper trading experience. The important part is to learn from the mistakes of other traders, they don't do meaningless trades if there is no buying or selling opportunity but these guys are not 100$ bulletproof all the time. Better to keep learning and improving the chances of catching trends rather than keep losing to the experience market professional traders.
|
|
|
|
btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
|
|
July 31, 2021, 11:21:17 PM |
|
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,
It's not just about not learning from previous mistakes, but about the strategy used as well, because it's really hard to predict a good coin, especially a coin that still has a small market cap. Many people prefer coins that have a small market cap because they have a great potential for their price to rise higher. and I think this is reasonable, because sometimes coins that have large market cap move slowly in price, for example TRON or ONT, , So, instead of spending time on slow moving coins, it's better to look for coins that have a small market cap but have good technology and big potential, it's just that it's very difficult to find coins like this , , even though i have learned from previous mistakes , ,
|
|
|
|
dunfida
Legendary
Offline
Activity: 3206
Merit: 1155
|
|
July 31, 2021, 11:25:25 PM |
|
Don't sell at a loss. Even if you bought at the peak of 2017, you had to wait 4 years to 2021 to sell at a profit. HODL
Things are never that simple if they were no one will ever lose money but the evidence shows otherwise so this cannot be correct, if you bought a good coin then your advice makes sense, even if you bought at a bad price as long as you held your coins then you're going to eventually be in profit, which is what happened to the minority of people that bought at the end of 2017 and still hold their coins to this day, but if you bought an altcoin that was unknown because you wanted to get a lot of profits then it is likely that if you have held that coin for that long you will still have massive losses as that coin simply disappeared or turned into a scam. HODL forever logic is outdated, sooner or later the time factor will overweight the value. As long as the price is going down, buying in small parts and investing in reliable projects can save traders if the bear market goes longer than expected. One day the HODL coin can turn into a scam project as you explained and other risks are possible too. You are right but there are people whom do really stick with this logic but its really actually worth if they do hold out BItcoin and other top coins but for some projects and believing that has potential? Then its a personal choice but we do all prefer on seeing profits on a short time basis and not all would really be having this kind of patience on waiting up for too long or for years. This is why they do rush out on making decisions and ending up on losing money due to bad decision which is very common.
|
|
|
|
Masyudhi
Sr. Member
Offline
Activity: 1008
Merit: 250
SmartFi - EARN, LEND & TRADE
|
|
August 02, 2021, 12:10:22 PM |
|
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.
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money... That's because most don't understand how the crypto market moves. new people in the crypto market with no learning and no experience, of course, it will be very easy to lose their money in trading and investing. this is very difficult to explain to new people who don't open their minds to something more complicated learning. because what they think is big profits quickly.
|
|
|
|
Muslimin mj
Member
Offline
Activity: 569
Merit: 18
Goldeth.io
|
|
August 02, 2021, 12:10:47 PM |
|
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. they lose money because they follow ambitions or emotions without following the development of the altcoin they want to buy so the predictions they make are totally wrong, and make them lose assets. we should be able to control our emotions before buying an altcoin so we want to learn about the developments that exist in the altcoin so that it can make it a big profit.
|
|
|
|
awik p
Full Member
Offline
Activity: 1526
Merit: 111
Pepemo.vip
|
|
August 02, 2021, 01:28:42 PM |
|
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.
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money... That's because most don't understand how the crypto market moves. new people in the crypto market with no learning and no experience, of course, it will be very easy to lose their money in trading and investing. this is very difficult to explain to new people who don't open their minds to something more complicated learning. because what they think is big profits quickly. The mistake of thinking of ordinary people who enter the crypto market is, they imagine to get a lot of money in just a short time. of course they are driven by a passion for it and for sure they do not understand the crypto market. and in the end like the topic in this thread, there are still many investors who are losing money. for example, when the market is in a bullrun, there is a lot of news about crypto, so even ordinary people become enthusiastic to enter, when he enters the market and buys at a high price, many experienced investors start taking profits, so the market goes back down and they keep holding it, until finally they panic when the decline reaches 50% for example, for fear of losing all their money, then they panic sell and sell it, as a result they lose, actually at that time it was the golden area, where traders bought back
|
|
|
|
Galley
Member
Offline
Activity: 1274
Merit: 14
|
|
August 02, 2021, 02:06:49 PM |
|
People lose money because the same people, like them, find the money somewhere. Nothing comes from nothing. If it has disappeared somewhere, it means that it has arrived somewhere. This is the law of nature, and no one can cancel it.
|
|
|
|
kumala_abi
Sr. Member
Offline
Activity: 798
Merit: 250
GoMeat - Digitalizing Meat Stores - ICO
|
|
August 02, 2021, 02:09:23 PM |
|
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money...
usually beginer in crypto market did it, they come didnt because their knowledge about crypto community but they want to earn huge profits due looking their friend be rich man in short periode. without proper knowledge they invest their money in any projects and trapped in shit projects like meme coin
|
|
|
|
molsewid
|
|
August 02, 2021, 04:24:52 PM |
|
usually beginer in crypto market did it, they come didnt because their knowledge about crypto community but they want to earn huge profits due looking their friend be rich man in short periode. without proper knowledge they invest their money in any projects and trapped in shit projects like meme coin
This is the worst case scenario as a newbie or beginner in crypto because some of them become envy on pioneers profit and wanted the same profit without considering the probability of losing in taking a high risks. Some also just don't research the coin/token or the project that they invested and just go with the flow or go with the hype and become panic whenever seeing the price dropping. They tend to believe that getting rich through cryptocurrency is an easy process, they tend to believe that here in crypto the money is easy to earn.
|
|
|
|
domoy77
|
|
August 02, 2021, 04:41:27 PM |
|
People lose money because the same people, like them, find the money somewhere. Nothing comes from nothing. If it has disappeared somewhere, it means that it has arrived somewhere. This is the law of nature, and no one can cancel it.
I don't understand what you mean by this phrase, it's more verbose and unclear, can you describe it in clearer words about losing money, because generally people who have lost money will not easily trust others
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | . [ [ [ | | . ] ] ] | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
maartenhaha
|
|
August 02, 2021, 05:21:31 PM |
|
People lose money because the same people, like them, find the money somewhere. Nothing comes from nothing. If it has disappeared somewhere, it means that it has arrived somewhere. This is the law of nature, and no one can cancel it.
I don't understand what you mean by this phrase, it's more verbose and unclear, can you describe it in clearer words about losing money, because generally people who have lost money will not easily trust others Sentences are very abstract because we do not understand the words in question, we can somehow respond to the statement so that we can not offer a solution. We should consider other people's analysis as it might be useful before getting emotional over the anger to take the market risk.
|
|
|
|
Digital_Lord
|
|
August 02, 2021, 05:35:17 PM |
|
Yes, still many are losing money in crypto because they don't research themselves and follow just influencer's tweets. They make decisions without thinking, If the price go a little down they sell their tokens in panic, and similarly, If the price keeps going up they buy in FOMO. They have no patience.
|
|
|
|
King Khaizan
Member
Offline
Activity: 285
Merit: 12
|
|
August 02, 2021, 05:44:23 PM |
|
many people are too rash and complacent with the best achievements that have been obtained without continuing to learn and correct every mistake they experience, in my opinion emotions really need to be controlled and continue to look for the right source of information, so as not to be careless and cause losses at any time.
|
|
|
|
acener
Full Member
Offline
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
|
|
August 02, 2021, 05:53:23 PM |
|
Some people are still losing money on crypto due to various reason and I think most of those reasons are, GREED= they tend to invest in everything they see or hear whenever they see a crypto suddenly flying high. Lack of Knowledge = Because of their greed they couldn't think clearly and wouldn't do some research because of it and would invest without thinking about the risk and doesn't have back up plans. Lack of Common Sense or Experience = Still falling into scams and obvious phishing site(Mostly airdrops and fake wallet).
|
|
|
|
bastian466
Sr. Member
Offline
Activity: 1386
Merit: 251
Buzz App - Spin wheel, farm rewards
|
|
August 02, 2021, 06:28:00 PM |
|
Surely people who have been around for a long time especially from 2017 must have understood very well how crypto price movements in the market from year to year. They have many experiences between bitter and sweet which can make experience as the greatest teacher that can lead them to success. try to be a long term holder so you can control your emotions
|
|
|
|
rina aulia
|
|
August 02, 2021, 06:39:09 PM |
|
Surely people who have been around for a long time especially from 2017 must have understood very well how crypto price movements in the market from year to year. They have many experiences between bitter and sweet which can make experience as the greatest teacher that can lead them to success. try to be a long term holder so you can control your emotions
We can conclude from the greatest teacher to keep holding crypto in any condition except for urgent need, the crypto market has repeatedly hit recent prices in the annual crypto journey and we hope to see new ATH again by the end of the year.
|
|
|
|
|