Don't panic

[OcTradism]

This is the most common reason nowadays while people in cryptocurrency world lose money. Newbie wants to a fast phase earning that's why they are already gambling on leverage trading with high leverage just to earn quickly. The problem on this High leverage trading was the price movement on crypto is very volatile, You might in profit for a seconds then burn it all once the market reverse instantly. This is what newbie traders don't understand when doing leverage trading.

Exchanges give them multiple options for their daily tradings: spot, Leverage, future, etc. Exchanges want to maximize their income from user trading fees.

Exchanges can control games on their platforms and people who are greed, unknowledgeable, inexperienced will be very easily to fall into the traps of exchanges.

They can win in a few days or weeks but when the market has massacre, they will be killed and all profits will be washed away in a minutes. Who will get the washed-away money, exchanges.

[1714649075]

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[1714649075]

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[QueenVera]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion,

I would rather say the number one reason is greed, there's no reason to panic during a bull market as all coins tends to raise but there's some reason to be greedy which cost traders and invest their money when the bear comes as they didn't take profit when the opportunity presented itself. Greed is the reason many looks for the quickest way to make money but end up getting scammer.

Panicking and other emotions has a role to play since they contribute to the downfall of investor or trader, which is why if you want to succeed in the industry, you have to watch your emotions.

[Coin_trader]

Telling people not to panic  is easier said than done. When market is moving in either direction,  it evoke lots of emotions and this emotion can be hard to deal with especially if you have a considerable amount of funds invested. I agreed with what the writer said about research. Having good knowledge of the coin you are invested in will help in keeping you positive and stable, you will be confident in your decision and deploy your skill and capacity more efficiently!

This is what whales actually wants to do. If they want to enter again in the market after taking profit. They usually do a series of dump so that everyone will dump too since fear index is high. Then scoop once again a cheap coins once the price dip at there target level. Even if you have knowledge on the coin doesn't give you an advantage when whale already playing there game. Most of there target are coins with huge activity community like Doge and Bitcoin.

[sulis sudibyo]

Telling people not to panic  is easier said than done. When market is moving in either direction,  it evoke lots of emotions and this emotion can be hard to deal with especially if you have a considerable amount of funds invested. I agreed with what the writer said about research. Having good knowledge of the coin you are invested in will help in keeping you positive and stable, you will be confident in your decision and deploy your skill and capacity more efficiently!

This is what whales actually wants to do. If they want to enter again in the market after taking profit. They usually do a series of dump so that everyone will dump too since fear index is high. Then scoop once again a cheap coins once the price dip at there target level. Even if you have knowledge on the coin doesn't give you an advantage when whale already playing there game. Most of there target are coins with huge activity community like Doge and Bitcoin.

this is what is actually happening right now. after the ATH moment and followed by the time to take profit. whales are trying to crash the market so they can buy cheaper. this can be seen from the many FUDs that have sprung up continuously over the past few weeks. those who panic will just get stuck and sell their coins. so don't be swayed, we have to be sure that the market will be fine.

[isaac_clarke22]

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It is a whales' trap actually. I can still recall when Bitcoin plummeted back when Musk just pulled Bitcoin off from Tesla as a payment method. I can see whales selling their coins just to get more from these people panicking.
Panic sellers are almost part of this market and even me that just cannot do anything but sigh to it. It is their loss in the end anyway.

[Mpamaegbu]

Very high fear that can cause panic so that a panic sale can occur for fear that the price will continue to fall then prefer to sell it and will buy it back at a lower price that way can minimize the amount of loss, isn't it? without waiting a long time to be able to trade again

It's a nice strategy to attempt a buy-back on a dip but it's a risky one. Except you have a good strategy to spot a strong support you're likely to miss out on it and then regret not keeping your tokens in the first place. One thing about panic sell is investors not having done their research before buying a particular token. Once you've the token you're buying figured out and know it's roadmap there will be less bother once there is a fud. A thing I advise investors to do is never to sell all of the units of a token they're hodling during a foreseen crash. You never can tell of a token that can turn things around for you. So, they can do a 50% or 75% sell and wait to rebuy at cheaper price and have more of the token.

[wajik-tempe]

Don't panic only applied to people who hold strong fundamental coins, if they are playing with hype coin just like doge or other meme coins, when price crash they should be panic because it probably won't recover because people are playing with another hype coin. So if we won't panic on our investment we should just hold strong fundamental coins

[traderethereum]

this is what is actually happening right now. after the ATH moment and followed by the time to take profit. whales are trying to crash the market so they can buy cheaper. this can be seen from the many FUDs that have sprung up continuously over the past few weeks. those who panic will just get stuck and sell their coins. so don't be swayed, we have to be sure that the market will be fine.

If you can take profit before the ATH ends, you will not be panic because you can buy back that coin at a low price.
Many traders are not selling their coins when reaching ATH and tend to wait for a while because they think the coin will increase more.
So when the price does not increase, instead goes down, they slowly become panic and in the end, they can not sell at ATH.
You can prevent panic when you know that the market will not always be high, so you know when to sell before the market crash.

[suryana]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

yes, a lot of beginners lose money just because of their own panic, he should have realized before trading that the price of the coin is very volatile, unstable, the ups and downs of coins is a natural thing. Don't let it just because the coin drops a day he has panicked and it's better to lose.. this is wrong. They just lack patience.

[smyslov]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

People who do this invested with only profit in their heads and do not understand the possibility that they can lose everything, when investors see that they are slowly losing their money they are in a hurry to cut their losses even if they are in a good project, they don't consider this and just dump their shares, only to regret later when the market change shift from bear to bull.

[poodle63]

Panic is natural, whoever gets panic when the price moves even slightly will grasp more understanding that being in a state of panic could result in such reckless and bad decision. When it comes to money like this, some people just gonna get panic even if yoy told them not to feel so a thousand times. I think more important thing to have is a good investment management so were not gonna get affected by the market situation and gets in state of panic. Just imagine having a good portfolio with good risk management even if situation gets worse youre not gonna getb n a bad state that could make you panic.

[worle1bm]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Actually panic is one of the reason for which people loose their funds in crypto market and along with other negative factors which contribute to the same is
-Without knowledge just investing in the market
-Investing in most of the low potential or shitcoins in the market
-just get eroded with any FUD and just sell their coins.

So there are many other factors which jointly turn you into loss situation.

[Gayong88]

You're right it's more about psychology and timing. admit it or not, the continuous correction makes many people confused and too much info on social media is confusing. the result is loss off control. Not only novice traders, experienced trades also feel the impact, so if I pay attention.

[lizarder]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

The decision to invest is the right step to change the current pattern of life, but investing is not just trying and we can easily describe success.

Knowledge is needed if you want to invest, so it is not easy for us to believe in whatever we want to invest, many people fail to invest because of lack of knowledge, as a result panic attacks when the purchase price does not match the sale.

Panic is also able to change our mindset in investing so that we are more likely to do things without thinking, as a result panic brings disaster in analyzing coins in the market, what we should buy becomes an option for us to sell. Thus our investment becomes something that is not useful.

[sergiorus]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

has nothing to do with panic.
people lose when they take bad trades or don't sell when the cycle is over if they hold spot.
its not emotions what make them do so, its lack of knowledge and telling people to just not panic won't help them to save their money. better tell to learn about market cycles

[viananda2525]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

has nothing to do with panic.
people lose when they take bad trades or don't sell when the cycle is over if they hold spot.
its not emotions what make them do so, its lack of knowledge and telling people to just not panic won't help them to save their money. better tell to learn about market cycles

alot traders trapped in peak level due their skill understanding market cycle, they haven't any knowledge to identify trend still continue or over now. Panic in current situation only happen to traders or investors that for their first time face bearish trend. Once again , if our invesment was for long term , we should hold it till price recovered except we hold shitcoin with no utility or usecase .Their investors will loss confidence to hold it for long term .

[Xampeuu]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

has nothing to do with panic.
people lose when they take bad trades or don't sell when the cycle is over if they hold spot.
its not emotions what make them do so, its lack of knowledge and telling people to just not panic won't help them to save their money. better tell to learn about market cycles

alot traders trapped in peak level due their skill understanding market cycle, they haven't any knowledge to identify trend still continue or over now. Panic in current situation only happen to traders or investors that for their first time face bearish trend. Once again , if our invesment was for long term , we should hold it till price recovered except we hold shitcoin with no utility or usecase .Their investors will loss confidence to hold it for long term .

Novice investors are indeed the first to panic, especially when they buy when prices are at their peak, up to now they may have reduced their asset value by 50%, but we understand that because they lack experience in this business, maybe because they only follow their passion in getting money. but I guess many couldn't hold it in until now, and they chose to sell it

[TWW]

Yeah, In crypto space it's true that mostly beginner's going with wrong project because lack of researching before select a project and they have not financial advisor. Even though a lot of investors depend on cmc and invest in random projects. They didn’t control emotion when they will face bearish market, It’s also difficult for regular traders.

that's a mistake. they know crypto from social media, not from people who introduce and teach them how to start the game properly.
crypto spreads very fast. The market development is also very fast. Naturally, everyone will know from social media. and everyone can start it on their own even without knowledge and advisers.
it's easy for them to panic in the face of a dump storm. that's what happened so far.

[Jackl87]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Also my number one advice for total crypto newbies would be to only invest an amount of money that they can afford to lose completely without having any impact on their daily life, because in crypto it is sadly still possible and not even that unlikely that you lose all of your funds. This can happen in different ways, you may choose to invest into a new project which turns out to be a scam and makes a rugpull or just abandons their project which means your tokens or coins are basically worthless or you fall victim to a scam because you are tricked into typing in your private key of your wallet or stuff like that and then the hacker can withdraw all your coins from the wallet. So i would advice to make your first transactions and buys with only a small amount until you get used to crypto wallets and exchanges.

[riso2015]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

yes, a lot of beginners lose money just because of their own panic, he should have realized before trading that the price of the coin is very volatile, unstable, the ups and downs of coins is a natural thing. Don't let it just because the coin drops a day he has panicked and it's better to lose.. this is wrong. They just lack patience.

Yes, that's right, apart from that they are uncontrollable with their own emotions without analyzing beforehand. This has happened a lot .. To suppress it they need a forum or community so that they can learn from the experiences of others . So that the same thing doesn't happen again.