CryptoStar19
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July 20, 2021, 12:27:32 PM |
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People lost money because often times when they first get in, they don't really understand the asset and are just trying to make a buck... this causes them to sell at a loss when they may have held the crypto if they really understood what they were investing in... investing in bad shitcoins is another reason, but also comes down to lack of adequate knowledge and not doing due diligence when it comes to researching and understanding these assets.
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Issa56
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July 20, 2021, 02:41:40 PM |
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There are lot's of reasons why newbies lose there investment die to mutiple reasons firstly people don't really know much about bitcoin some people think Bitcoin is just what you will buy and make money instantly but seriously is not really that like you really need patience when it comes to cryptocurrency you don't have to be in a rush. When I started cryptocurrency I bought bitcoin after few few days bitcoin started dumping and I sold it after selling it started pump and I was regretting why I sold my bitcoin earlier but if you have patience you will definitely make ur profit.
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sapnu
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July 20, 2021, 02:54:50 PM |
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Bitcoin is becoming mainstream these days and top most choice for many investors for making investments and contribute a good portion of their portfolio allocation towards the same but still we see panic sell among these investors making the situations worse for market and for themselves also. So what are the main reason for these sell off ? Later on when they buy at peak and sell off at drop they think btc was not the right option for them but don't realize their mistake.Some common reasons for these are as follows: 1) People think Bitcoin as tool to become rich overnightThe main reason for people investing in bitcoin is that they see btc as tool to become rich overnight and according to them if they would invest $100 or $1000 in bitcoin it would be double or triple within days and when they see their investment going down next step they get nervous and want to safe themselves from any further loss.They see on news and article that btc is up 1200% this year and they think it will keep on rising and when this does not happen they panic sell and start dumping their coins.They need to be atleast have patience and know it will take certain time for btc to jump back.Apple,Microsoft and other shares have not make upto S&P 500 overnight but still bitcoin is keeping the pace very fast. 2) People ignore the volatility factor and past CrashesMany new investors enter the market in the investment hype and hope for steady rise and ignore the main "Volatility" factor and it is the basic knowledge every investor must have prior investment.The volatility in crypto market is high and prices can fluctuates highly but when it goes down they start panicking and do the same mistake which is biggest mistake. Market have seen many dips and crash like situations but still they tend to ignore it and got nervous. They should see this chart history before any judgement: When it have witnessed more than 70-80% crash in prices and still managed to rise to this level so why do panic sellers think it is bubble and will burst this time? It has been declared dead hundred times and still trading at $30k so if you underestimate it you will be in loss in future. 3) Whales manipulation and FUDThis is most common technique to create dump like situations in market to gain huge profits from this situation and accumulate more bitcoins at cheap prices.They spend rumours and create FUD in the market to which most of the newbies will get panic and start selling off and exactly same thing happens and the only ones who suffer loss out of this will be panic sellers.
WE ALL NEED TO TAKE INTO CONSIDERATION ALL THE FACTORS BEFORE INVESTING INTO BITCOIN AND HAVE PATIENCE FOR SOME TIME MOST IMPORTANTLY IN THESE DIPS SO THAT IT GET SOME REATAIL SUPPORT. When it comes to experiencing loss of bitcoin, it does not occur on newbies alone. It also happen even for those who have been here for a long time already. We are all prone from FUD's considering what we went through before with bitcoin and with regards to whales, we cannot really do anything about them, they are huge individuals with massive holdings we cannot even fathom having in our hands. On the part where one experience loss due to the wrong mindset that you can get rich from bitcoin over night, probably newbies are the ones who experiences it the most.
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Sterbens
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July 20, 2021, 02:56:15 PM |
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The point number 2 and 3 I guess are those of the reasons some of the newbies losses in the market. They ignore the reality that price could go down and when it crashes already they panic and sold even they are on a loss. Whale manipulations are the worst cause they can easily influence the decision of these newcomers on the market. One swing or pulling of the price and their get scared right away.
Newbies should understand all those factors and be calm cause if they let their emotions tremble they they will lose here.
and points no 2, 3 are also not well understood by beginners. or they just ignore it because they feel that in bitcoin it is not as far as they think. they just assume buy and see the price in a certain time. do not have the discipline of time, do not pay attention to historical factors. So they feel when it doesn't come true, that is, they get rich overnight and then sell at a price when it's corrected. Isn't this common for those who think that bitcoin doesn't make you rich overnight. Rome wasn't built overnight!!!
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agg2702
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July 20, 2021, 02:57:02 PM |
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I think for the first point it is true that for beginners, they still think that bitcoin is a tool to get rich instantly and whether you realize it or not, I also used to think like that and maybe you will also be one of the people who think the same. but maybe there are some that I want to add is that when there is a decline or FUD they panic so they immediately sell their coins even though it is a loss. beginners basically still don't understand and still use their instincts to buy without doing research first.
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bandungan
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July 20, 2021, 03:01:56 PM |
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understanding needs to be given to beginners so that they do not get caught up in ignorance. where they think it can happen quickly, but it is impossible. so I think instant thinking like a beginner should be eliminated
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Dewi Aries
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July 20, 2021, 03:23:24 PM |
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Sometimes, people who joined in crypto, is from influencer who only tell people crypto is profitable whicch their aim actually to get referral, then a lot of people believe it and do trading without any experience about it. Which make they keep losing because don't know what strategy to minimize losses and who tell them not give them any suggestion because only care about get referral.
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ChiBitCTy
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July 20, 2021, 03:29:30 PM |
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This is pretty well laid out and I certainly agree with your points here. Having worked in finance for well over a decade now I am used to people having completely unrealistic expectations. Well, I should say "most" people. A lot of my friends know that I am "in to bitcoin" so I get a lot of messages and questions about it. Their expectations are so completely unrealistic and they all think that they are going to get rich over night..or even worse thats the only reason they want to own some period. Many people simply miss the whole point of it all which is unfortunate.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Woodie
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July 20, 2021, 03:53:48 PM |
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Most people jump on the bitcoin wagon with Lack of knowledge no doubt and are carried away by the hype!
As far as I know You can not enter the crypto markets without knowing how the behave, not knowing whether the markets have seasonal trend cycles , is this free from from manipulation et cetera. But it's understandable these markets can sometimes be persuasive when we keep seeing people showing off their Lambos, mansions...everybody what's a price of that and they won't ask questions because of FOMO.
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michellee
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July 20, 2021, 04:09:50 PM |
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Newbies do not know much about the volatility and they tend to buy bitcoin because of reading about other people say to buy bitcoin now. They lack information and do not know when to buy bitcoin, so many newbies lose their money. If the price is down after they buy, they panic and can not accept the volatility and try to sell it instantly. The newbies think that bitcoin can help them make fast money in one night, but they do not search for money from bitcoin. We hope the newbies can learn more about bitcoin if they want to join in bitcoin so they do not think that bitcoin is a fast money making.
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mckinleeanael07
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July 20, 2021, 04:15:18 PM |
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In my opinion, those are the 3 things that make a new entrant lose BTC and things 2, 3 are the 2 things that most new entrants stumble upon. new entrants in this market are always manipulated by fear and that leads them to dump and then lose, they have no patience and confidence in what BTC will achieve, and still Another thing in my opinion is trust. If you have pursued something then believe it will be achieved, most newbies are just greedy for profit, do not have in-depth knowledge and understanding of the long-term of BTC.
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Yatsan
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July 20, 2021, 08:51:10 PM |
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Most of the time, newbies loss upon entering the market because they are not yet equipped of the knowledge that they must know and still have decided to put up an engagement thinking that the world of crypto is a key on being an instant millionaire. They are having the wrong mindset added by the misconceptions and underestimating the market itself that makes them fail once they have put up an engagement earlier that learning it first. Common mistakes of the newbies makes them easily get fooled and are not in track on doing decision making because of lack of knowledge and experience that makes them fail resulting to loss.
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Kasabus
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July 20, 2021, 09:51:47 PM |
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Most of the time, newbies loss upon entering the market because they are not yet equipped of the knowledge that they must know and still have decided to put up an engagement thinking that the world of crypto is a key on being an instant millionaire. They are having the wrong mindset added by the misconceptions and underestimating the market itself that makes them fail once they have put up an engagement earlier that learning it first. Common mistakes of the newbies makes them easily get fooled and are not in track on doing decision making because of lack of knowledge and experience that makes them fail resulting to loss.
Newbies tend to behave this way because they want all the things to be instant. They don't even think that being profitable in bitcoin would mean incurring from hardwork and long stretch of patience. And if you don't DYOR everytime you make some actions, eventually it will always end up negatively which will result into losses. I'm not trying to be very mean to newbies but i hope that they will be more careful everytime they take actions. It's always good to be well equipped with knowledge and skills so that we can maximize making profits than creating losses more often.
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sunsilk
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July 20, 2021, 10:17:21 PM |
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Greed and that's why many newbies have been incurring losses. That's true that they think that bitcoin is a tool, as an investment that will make them rich as quick as it can. After hearing those success stories, they've became encouraged to invest because of those.
But they never hear the side of going through bearish market for many months and they only care for the profit but they do not want to experience roughness of this highly volatile market.
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Kelvinid
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July 20, 2021, 10:43:44 PM |
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In general, these people never know what they are doing and they just start to invest without having knowledge about crypto, well, what is supposed to happen next? They will sell and dump their Bitcoin if they don't understand the situation and then started to make FUD allowing others to act the same as these st**id mind.
Not to wonder how they suffered losses later as they don't bother themselves to learn first. It is just like driving a car and we don't know how to drive it.
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Oceat
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July 20, 2021, 10:46:44 PM |
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It's a common problem where newbies suffer a lot from losses because they never had a chance to learn the market when they suddenly enter the market. It's important to do your own research first before you invest in something not just in Bitcoin but all other assets. Bitcoin has a seasonal trend of bullish and bearish and I think newbies missed this point plus the manipulation and greed that would lead them to losses. I would say HODL if you are in the brink of losing your investment this is the advantage of owning a Bitcoin compared to other assets.
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3996
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Macadonian
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July 20, 2021, 10:46:51 PM |
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In general, these people never know what they are doing and they just start to invest without having knowledge about crypto, well, what is supposed to happen next? They will sell and dump their Bitcoin if they don't understand the situation and then started to make FUD allowing others to act the same as these st**id mind.
No one is going to listen to newbies so even if they do spread FUD it is not going to change the minds of anyone even new people investing will have some brains and will listen to more established people than newbies. The only issue we have is the people that are established but lose a lot of capital and get butthurt and start spreading FUD or worse the people that intentionally spread FUD in a attempt to make more money by manipulating the economy.
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Twinkledoe
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July 20, 2021, 10:50:43 PM |
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In general, these people never know what they are doing and they just start to invest without having knowledge about crypto, well, what is supposed to happen next? They will sell and dump their Bitcoin if they don't understand the situation and then started to make FUD allowing others to act the same as these st**id mind.
No one is going to listen to newbies so even if they do spread FUD it is not going to change the minds of anyone even new people investing will have some brains and will listen to more established people than newbies. The only issue we have is the people that are established but lose a lot of capital and get butthurt and start spreading FUD or worse the people that intentionally spread FUD in a attempt to make more money by manipulating the economy. Nowadays, it is easy to spread fud because of various social media that we have. Even these newbies who lost in crypto, can easily post their disappointments in social media. And there are so many people who are ignorant in this market and some may believe, some will not. But I do agree, that most newcomers think that this is their easy way to get rich quick. But they will eventually find out that there's more than meets the eyes here.
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nurilham
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July 20, 2021, 11:46:49 PM |
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The main reason is greed and stupidity combined with more money than brains.
Can you elaborate on it? I think this needs more explanation. Remember that the topic specifies for newbies who are investing in Bitcoin. As they are newbies, we can understand if they still have lack knowledge and experience. But that newbies want to invest in Bitcoin, it is something that we should appreciate. We cannot blame those who want to join Bitcoin investment, it is not a stupid decision. Without newbies, Bitcoin only has old holders. So newbies also has a big role. But to be greedy once you are still a newbie, is surely a bad idea. However, I think not all newbies that being greedy in their first journey in Bitcoin.
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marilynmanson21
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July 20, 2021, 11:50:59 PM |
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The 3 reasons above are the main reasons that often happen to beginners, but I add a few things that beginners usually do and this is really fatal if it happens Using fake exchanges and fake wallets. and trade without skills. but not all beginners can lose and some beginners tend to last longer than some investors who only care about short profits and greed,
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