wahyu wida
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July 21, 2021, 10:16:38 AM |
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alot of people dont understand the market cycle, they just jump in and hope for continuous pump to make quick profit. there is a wrong notion that the bull cycle always preach by its evangelist which leaves newbies at the mercy of loses because of fear. alot of things needs to be understood about bitcoin , cryptocurrency and how it operates. i think this will continue to happen as long as there are newbies who dosent want to learn before investing.
they seem to force themselves to keep the pump going, but bitcoin's movement is not like that, of course there will be a saturation point so that a reversal occurs. therefore we must leave the ego to exit the market before the saturation point occurs. and to find out the saturation point, I don't think anyone knows, so don't be greedy to take profit
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BITCOIN4X
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July 21, 2021, 10:34:50 AM |
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Basically the point you mentioned in this thread are some of the common reason why trader and investor lose money as well as lose their bitcoin. I won't blame anyone why they should buy and why they should sell because their bitcoin are their own responsibility. Panic selling during a price correction is not at all a good option if they know the market will recover over time.
A newbie trader should learn a lot about how this market works because volatility will always be there and bitcoin investing is not a risk free investment so there is a lot for them to pay attention to. Apart from that they have to understand a lot about trading, they also have to know and be sensitive to security vulnerabilities when they want to hold bitcoin in the long term. Losing bitcoin is generally the fault of bitcoin users because basically your bitcoin are your responsibility or not your private key, not your bitcoin.
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Charot12345
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July 21, 2021, 11:30:58 AM |
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There are really many factors why a newbie loss Bitcoin. Lack of information in what is it and how it works is one of the reason. We need to know that investing Bitcoin is also very risky. Its volatile and may crash. We can't get rich overnight with it. In the last few years it goes down but rise up again and again. So we should not panick instead asking for advice, read articles/books to have more knowledge.
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lepbagong
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July 21, 2021, 12:22:25 PM |
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There are really many factors why a newbie loss Bitcoin. Lack of information in what is it and how it works is one of the reason. We need to know that investing Bitcoin is also very risky. Its volatile and may crash. We can't get rich overnight with it. In the last few years it goes down but rise up again and again. So we should not panick instead asking for advice, read articles/books to have more knowledge.
but everything is possible, when you are a beginner you will definitely experience something like this. lost due to careless factors. for sending coins that do not comply with the provisions. In fact, most people are deceived by people who seek profit, from people who do not understand. These are all natural things that happen as beginners, even those who have experience, still experience it, because of the factor of being careless and careless in all actions, aka panicking quickly. I agree that investing in bitcoin is very risky but worth what we will receive if we can receive profits from bitcoin. Patience and not panic is the main key in everything we will do, bitcoin trading is no exception.
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ultrloa
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July 21, 2021, 12:39:13 PM |
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There are really many factors why a newbie loss Bitcoin. Lack of information in what is it and how it works is one of the reason. We need to know that investing Bitcoin is also very risky. Its volatile and may crash. We can't get rich overnight with it. In the last few years it goes down but rise up again and again. So we should not panick instead asking for advice, read articles/books to have more knowledge.
The main reason is they are lack of experience to know what is good and bad investments for them, mostly they just go with the hypes and FOMOS thats why they always lost their money if bad things happen. And we reappy need to know the risk so that we can accept and adopt to those situation. Although reading books as you said is truly helpful but the more effective is by seeing someones experience and we should learn from their mistakes to avoid the same situation to.
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maxreish
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July 21, 2021, 12:47:51 PM |
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As market is unstable, newbies emotions are unstable too. And that makes the reason why they probably loss their bitcoin. They mismanage their emotions like panic selling at deficit value, panic buying at peak.
Also, ignorance can also be one of the reasons if I may add it up. Thus, continuosly learn, acquiring more knowledge will make you become a successful and strong investor.
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Leviathan.007
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July 21, 2021, 01:10:16 PM |
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I totally agree with the 3rd reason you named here. Especially recently after what happened on DOGE and SHIBA there were many people, unfortunately, losing too much money because they were thinking to get a high amount of profits in short term just because of the whales increasing the price and also spreading the greed in social media I believe you could add another item and name it 'fundamental' there are many newbies they pay too much attention to the fundamental news and whenever an important person tweets something they do panic sell or buy in the opposite side.
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sherenikaw
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July 21, 2021, 01:42:42 PM |
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Many people are getting to know crypto and investing in it. That's good, but if joining the crypto world brings losses then that's bad. We know that nothing is achieved quickly, it all takes time because it's true that crypto can't give you wealth overnight. Moreover, if the market is going up and down then our mentality must also be strong to see the market. For newbies, of course, this will make them panic, many will even give up and eventually sell their assets. That's what worries because it will make big losses and also make the market more chaotic. Instinct as well as analysts are needed to understand the market where they must be studied from time to time. It all depends on how we behave in managing assets, the better our attitude, the better the results will be.
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ipanks
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July 21, 2021, 01:47:59 PM |
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There are really many factors why a newbie loss Bitcoin. Lack of information in what is it and how it works is one of the reason. We need to know that investing Bitcoin is also very risky. Its volatile and may crash. We can't get rich overnight with it. In the last few years it goes down but rise up again and again. So we should not panick instead asking for advice, read articles/books to have more knowledge.
Besides that, newbies become greedy if the price increases because they think that the price will still increase in the next minute. But if they have experience in trading or investing, they will think that it is better to profit while the chance is still there and prepare to buy back again for the next down. If they can do that, they will have more opportunities to make more profit. If the price can go up so high, they can get rich overnight but that will not always happen many times. So they need to know when selling the coin and leave the market.
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AicecreaME
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July 21, 2021, 02:32:33 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. These are exactly the things that I have thought of too why newbies often lose their investment. Cryptocurrency has entered the mainstream media nowadays, which means more audience, more attention, and more potential investors. This has a good effect in our growing community. The many users we have, the higher supply and demand that will make the flow of the market spontaneous. However, most newbies make mistakes. We can't deny that since we have once experienced to be an amateur and new in this platform. There are certainly room for errors for improvement, but it should be minimized as much as possible because we are talking about money here and not just some sort of game without big consequences. I agree on your list, but please allow me to share my thoughts about it as well. I think one of the major reasons why newbies fall into the pit of their damnation is first, they enter without being equipped with the proper knowledge and understanding about cryptocurrency. They are carried away with the hype over the internet. FOMO is their usual driving force the moment they entered crypto world. They keep on thinking that crypto is a get-rich-quick-scheme, hence, they dived into it without even background checking what they're getting themselves into. As a result, they will mess up their funds because of lack of in depth knowledge. Secondly, they are easily driven by fear, uncertainty, and doubt (FUD). Because they aren't aware about the crypto's run-around, they would experience anxiety and paranoia about the market status and their coin's value. Sudden price drops would easily shaken and weaken their heart to the point some would opt to sell right away without waiting the market to bounce back. They disregard the volatility nature of crypto because they aren't knowledgeable about it in the first place. Lastly, most newbies rely on the other people's advices. They keep on listening and doing what other people is doing. Not thinking that there's no such thing as one solution, fixes all in crypto. Instead of doing their own technical and data analysis, they rely on gossips and baseless assumptions which often lead to nowhere good. In addition, the newbies are gullible and keeps on following the other's footsteps in expense of their funds security. That's why most often than not, they land on investment scams and schemes.
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adzino
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July 21, 2021, 02:41:32 PM |
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1) People think Bitcoin as tool to become rich overnight
The 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.
It's true in most of the cases. There are people that think that they will get rich over night investing in crypto currencies. Hence they look for coins that are being "hyped". They invest in those coins when the see the price is being pumped and then loses everything overnight when the price gets dumped and dies. Others that invest on top crypto currencies loses patience and then sells everything at the wrong time to get out of it. 2) People ignore the volatility factor and past Crashes
Many 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 FUD
This 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.
This is also true. Those who are new to the market can't bare to see the price crash. They don't realize that those crash had been happening from the very beginning and that they are just price correction. They fall for FUDs hence they panic and sell everything thinking that they will be able to minimize their loss when "btc dies".
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Dewi Aries
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July 21, 2021, 02:54:47 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.
Without real knowledge with something that you are investing in, that's a big NO! you lose a lot since you really doesn't know what you supposed to do when correction take place. It's not because influencer tells you how easy it is means that it is really easy, they are just moving you to gain referrals most of the time. yes, and that is what that people must know before joined crypto or make investment in it. Because there are a lot of things that we must do in trading activity like how to read chart, do fundamental analysis, minimize losses if coin that we bought dumped, or maybe how to avoid liquidation because now future trading still hype.
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Ararbermas
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July 21, 2021, 02:58:52 PM |
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They don't see how very dangerous bitcoin is, because they're blind and very excited to grab the opportunities with bitcoin. even they don't have enough skills, knowledge and strategies in order to avoid risky situation and to become successful in it instead . Wherein they always suffer because of greediness..
It's very common problem actually, infact even now no one knows how to handle it especially newbies before starting to adop bitcoin..probably they don't care what will be the results afterwards reason they don't take it seriously..
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zanezane
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July 21, 2021, 04:13:52 PM |
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One thing, which is greed. They see people make tons of cash in crypto, they jump right in thinking that they will be able to do that but what they don't know is the struggle of the person that they've been through to get that much money.
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Republikcoin.com
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July 21, 2021, 04:14:11 PM |
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Good explanation and I agree with the OP, but for a genuine Newbie, point one and point two already represent almost all aspects of the cause of the defeat of newbies who are trying to get rich in cryptocurrency. They don't really understand the risks of Bitcoin. This high risk is often forgotten and not even studied because they only know something fun from other people. Supposedly, we must learn about what difficulties are felt when we want to be successful in the cryptocurrency world. Take a wise decision after Newbie knows the basic knowledge about Bitcoin and cryptocurrency.
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CoolerSid
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July 21, 2021, 04:17:05 PM |
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Good explanation and I agree with the OP, but for a genuine Newbie, point one and point two already represent almost all aspects of the cause of the defeat of newbies who are trying to get rich in cryptocurrency. They don't really understand the risks of Bitcoin. This high risk is often forgotten and not even studied because they only know something fun from other people. Supposedly, we must learn about what difficulties are felt when we want to be successful in the cryptocurrency world. Take a wise decision after Newbie knows the basic knowledge about Bitcoin and cryptocurrency.
Sometimes it even seems to me that option trading is sometimes more suitable for those guys who want to wake up with 2 btc instead of 1. Although in fact it is the same gambling
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Hypnosis00
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July 21, 2021, 11:01:50 PM |
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beginners lose bitcoin because they think overnight they can make a lot of profit. this is a bad idea, because what we know is that the profit from bitcoin is obtained from a long process not from a one-night cycle, very strange and sounds greedy
It was not a bad idea as it was a sort of motivation but the wrong is that they never have a good entry. Most of them never know what will be the best position to start investing in crypto, they just put their money without doing research, and losses will absolutely they will get in the end. Honestly, it was not only newbie suffering like this, even old-timers make some losses because of the market volatility. Because even though we have knowledge in crypto space but it wasn't all the time the market is in good trend, and sometimes we make a wrong decision. Losses can't be avoided as it was a part of our journey here and if we are not able to cope up with this, we even lose more.
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Oilacris
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July 21, 2021, 11:14:30 PM |
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beginners lose bitcoin because they think overnight they can make a lot of profit. this is a bad idea, because what we know is that the profit from bitcoin is obtained from a long process not from a one-night cycle, very strange and sounds greedy
Realizations would always come in the end and thats the only time on where noobs do really tend to get serious and accept the risk and its always been like this and we do all really come first into this point on where first impressions would always be wrong and since human beings are naturally born greedy then its expect that these kind of mistakes would really be most likely to be experience.Once we do gain experience then thats the time we are already self-aware on various situations or simply with the reality.
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Rengga Jati
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July 21, 2021, 11:19:27 PM |
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1) People think Bitcoin as tool to become rich overnight
This one is the most common thing that occurs in newbies, They are attracted to Bitcoin because of seeing themselves as their friend's success in Bitcoin, being richer and richer every day because of Bitcoin. Moreover, when they're looking at how media states about Bitcoin increases from a certain rate to a certain higher price, they will only think that if they put their money in Bitcoin, they will also feel the same, being richer soon as others. They only know about being rich and getting multiple times of profits of the funds. But, they don't even try to learn and consider about the risks. They won't even want to know that investing in Bitcoin or other cryptos is always including risks. And they also sometimes think that however the amount of the investment, they will be rich soon. So funny. Greedy and laziness to learn.
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AmoreJaz
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July 21, 2021, 11:20:50 PM |
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beginners lose bitcoin because they think overnight they can make a lot of profit. this is a bad idea, because what we know is that the profit from bitcoin is obtained from a long process not from a one-night cycle, very strange and sounds greedy
Realizations would always come in the end and thats the only time on where noobs do really tend to get serious and accept the risk and its always been like this and we do all really come first into this point on where first impressions would always be wrong and since human beings are naturally born greedy then its expect that these kind of mistakes would really be most likely to be experience.Once we do gain experience then thats the time we are already self-aware on various situations or simply with the reality. at one point, we are all newbies in this market. only experience can teach us on how to deal with this market. but for some who lost, and vowed not to get involved again, those are people who gave up easily and haven't encountered what is the real experience of being in crypto market. but for those who stayed, they will learn a lot and one thing is, this is not a get-rich-quick scheme industry. you can't get all you need overnight. there's a lot to learn in this industry. and as you go deeper, you will appreciate more why crypto was born.
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