Reasons for newbies loss in bitcoin

[Raflesia]

That's exactly what I meant by the impatience, they get reckless which ends up with them doing stupid decisions that caused them to lose their money in the process. Lack of knowledge can easily be solved, just read more and you're good to go, on the other hand, impatience needs to be trained and you must have the will to remove that impatient behavior.

but some of them are not impatient but instead diving into market without complete learning and knowledge meaning they are the usually loser in the market while whales are starting to bag money.
those newbies that had been lured inside the market because of the easy to be rich scheme in which they enter without analyzing .
and many of them are those desperately needed money because of the pandemic and not knowing the risk of what they are entering .

Many beginners come to the crypto market because bitcoin has become a boom this year and even millennials are trending to jump in because they want to feel big profits.
First come to the market because they want big profits.
Second, because FOMO means they are afraid of rising prices and end up buying without proper analysis.
Third, do not think about the risks that occur after entering the market.

So in conclusion they are too ambitious in this matter and in the end they will lose a lot of money without experience and guidance from others, so of course all of that requires a process and also patience in the technique.

[5thFear]

I have been doing trading for a while now and whenever i have done scalping, i have lost or atleast missed out on the big waves.. The only time i benefitted is when i go on HODL mode and don't look much at trading market..
When a Big bull arrive, and you are scalping, you think that the profit has been made and now the time is to go out and then put a buy trade on low, which never hits and the coin go real high.. so instead of day trading, go for HODL,. My personal experience is that you have better chance of catching big bulls this way..

Note! This is all for the newbies.. Professionals are a different story.

[Cafex]

Another reason is that not all of newbies know that they shouldn't invest nearly all of their money into Bitcoin. There are some people who are really doing this and this is so wrong. I always say that one should make investments which they can afford in case they lose most of their money. Bitcoin is not a guaranteed place that you can make your investment and have a good result in a short time. Bitcoin or any other cryptocurrency is volatile and it'll never change. People should consider this while investing into it.

[lalabotax]

These are mostly people or newbies especially losing their money in investing.
Additionally, the way they are investing maybe also not be correct.
they will put their money when the price is very high. But after the price of BTC is falling down, they are panic and then sell the Bitcoin within loss.
This will make their some money is lost.
Additionally, many people are also trapped in scammers. they want to get every high profits and they are not researching the investment. Finally, they are scammed and lose their money

[Qikiye]

One of the most important reasons for newcomers to Bitcoin losses is their ignorance and lack of knowledge about trading. They cannot control their emotions while trading.   They think that from a trade they will get rich overnight. Moreover excessive greed is one of the reasons for newcomer bitcoin losses.

[MoneyJ]

The general reason for newbies that are losing money on cryptocurrencies bitcoin in particular, is the lack of knowledge and understanding on how the market works. Most of them were lured into pricing frenzy. When it is on bull run they tend to look at it as a lucrative investment but when bear market struck they lose faith and not discipline enough to be patient. Experienced investors just do the opposite well enough to stay within the  market and succeed.

[Marvell1]

One of the most important reasons for newcomers to Bitcoin losses is their ignorance and lack of knowledge about trading. They cannot control their emotions while trading.   They think that from a trade they will get rich overnight. Moreover excessive greed is one of the reasons for newcomer bitcoin losses.

Not just newbies. Even experienced investors if they really can't control their emotions and greed. They will also lose money like newbies.
To survive in crypto, in addition to equipping ourselves with knowledge, we also have to know how to manage our emotions. When we win ourselves I believe we will be winners in this market.

[Dax Robinson]

I think the reason why newbies lose Bitcoin is much more than that simple. Maybe they do not have the freedom of wealth, so they have to take greater risks. So when I first entered the currency circle, I wanted to understand this. Of course, I did not succeed, but the unsuccessful adventure is not without meaning. The experience that the loss brings to me is very precious.
At first I felt that I didn't believe in Bitcoin and I didn't have enough ability. If I really believed in Bitcoin at the time, I should continue to make money and buy the bottom when I buy Bitcoin. When the market value is the highest, I also have considerable wealth, so belief is very important. Believe that you can hold Bitcoin is the ultimate believer.

[Tina H]

Market sentiment is a very important reason, and it is also a problem that is difficult to overcome. This is the root cause of human psychology to make some decisions. Often people cannot control their own emotions. This is the most direct reason for losing to Bitcoin, whether it is Novices or old investors who have entered the market have been emotionally manipulated and lost the coins in their hands because of panic. After a few days, regrets filled their minds.

[amihada]

beginners lose a lot of bitcoin, it's natural because they don't really understand trading and understand market movements and they panic, that's normal, over time they will get used to it and they will understand, of course they will not repeat the same mistakes.

[Pamadar]

The general reason for newbies that are losing money on cryptocurrencies bitcoin in particular, is the lack of knowledge and understanding on how the market works. Most of them were lured into pricing frenzy. When it is on bull run they tend to look at it as a lucrative investment but when bear market struck they lose faith and not discipline enough to be patient. Experienced investors just do the opposite well enough to stay within the  market and succeed.

Experienced traders most of the time buy when fears inside the market,

Sell when hypes happened and rinse back and do the cycle again and again. Some portions of their investment is for the long term.
and other portions are for short or day trades, it's difficult as both newcomers and old time traders can mistakenly expect
the market, it's just the patience that old-timers have that gives them a good edge against newcomers.

[taufik0911]

The general reason for newbies that are losing money on cryptocurrencies bitcoin in particular, is the lack of knowledge and understanding on how the market works. Most of them were lured into pricing frenzy. When it is on bull run they tend to look at it as a lucrative investment but when bear market struck they lose faith and not discipline enough to be patient. Experienced investors just do the opposite well enough to stay within the  market and succeed.

Experienced traders most of the time buy when fears inside the market,

Sell when hypes happened and rinse back and do the cycle again and again. Some portions of their investment is for the long term.
and other portions are for short or day trades, it's difficult as both newcomers and old time traders can mistakenly expect
the market, it's just the patience that old-timers have that gives them a good edge against newcomers.

it's the emotions of newbies that make them lose, as you said an expert takes advantage of the moment and knows when it's time to sell and when it's time to buy in contrast to newbies they buy when the hype occurs and sell when the price drops
and I think the newbie's biggest mistake is when the price drops they panic and choose to sell in contrast to the experts where they prefer the long term when the price drops suddenly when they are not standby or buyback at a lower price

[lepbagong]

These are mostly people or newbies especially losing their money in investing.
Additionally, the way they are investing maybe also not be correct.
they will put their money when the price is very high. But after the price of BTC is falling down, they are panic and then sell the Bitcoin within loss.
This will make their some money is lost.
Additionally, many people are also trapped in scammers. they want to get every high profits and they are not researching the investment. Finally, they are scammed and lose their money

in investing there is always a possibility that there will be losses not only because he is new or has been in crypto for a long time. but I actually agree with your opinion, because investment with impatience and a high sense of panic so that when the price drops from when buy, you are immediately confused and try to sell so you don't lose too much. but it is actually a wrong thing, because if the investment can be ascertained it will always increase from the time of purchase but it does take a long time at least it must be in accordance with the halving, period every 4 years. so it takes patience to invest because it takes a long time.

[Kittygalore]

beginners lose a lot of bitcoin, it's natural because they don't really understand trading and understand market movements and they panic, that's normal, over time they will get used to it and they will understand, of course they will not repeat the same mistakes.

It's not natural, there's a lot of people that have experience, so it's worth asking them if you want to prevent losses, it's not like the resources aren't there yet to help you, if you're a newbie, always seek out the help of someone that knows what they're talking about to prevent the possibility of losses. I think it's the pressure that makes a lot of newbie lose their investments, they panic when things get heated.

[Luqman]

One of the main reasons newbies loss in bitcoin is loss of wallet access.
Situations where some just create account without writing down the key phrase in a safe place

It is not only experiencing by newbies, old Bitcoin users also experienced it sometimes. Due to forgetting is the nature of human beings, there is always a chance to do it at any time. But it can be avoided by committing to be discipline and be more careful in managing Bitcoin wallets. In this way, we can build self-awareness to remember the crucial thing in managing our Bitcoin asset.

[MIldic1c]

Whether you are a novice or an experienced investor, if you want to continue working in this industry, you should have the knowledge and skills required by the industry. Novices are not familiar with the market and always trade because of an unstable mentality. Once you find that the market is not good for them, novices can easily panic.

[Luke Briggs]

Not understanding the market.
If you lose your own funds in crypto, you will be afraid of investing in crypto.
Uncontrollable emotions, emotional investment.
Follow the giant whale trading blindly. Believe some media reports.
Distrust of coins.
Relatively greedy and impatient.

[Shamm]

  Most reason why more newbie loss in Bitcoins because they are not sufficient of knowledge they did not read the regulations, the advantage and disadvantages , also being a greed person who just think to rich in just a second they are the reasons why they loss in Bitcoins.The thing could do in Newbie they must read the as possible they can, and don't be a greed person to avoid lossing in bitcoin.

[Elsaveronicha]

Not understanding the market.
If you lose your own funds in crypto, you will be afraid of investing in crypto.
Uncontrollable emotions, emotional investment.
Follow the giant whale trading blindly. Believe some media reports.
Distrust of coins.
Relatively greedy and impatient.

Newbies are less patient waiting for the coins they buy to go up. They don't know when is the right time to buy. Most of them buy when the coin price has gone up tens of % while they sell when the coin price drops. Whereas when the price goes up, it is the time to sell, while when the price goes down, it is the time to buy.

[worle1bm]

beginners lose a lot of bitcoin, it's natural because they don't really understand trading and understand market movements and they panic, that's normal, over time they will get used to it and they will understand, of course they will not repeat the same mistakes.

Do you really understand lot of bitcoins are worth how much these days? If you are trading in bitcoin and market witness dumps then losing amount is common only if you have sold your coins and were impatient to hold that's what is called panic selling which is mentioned above.But if you are saying losing more and more bitcoins every time and then say we learn from mistakes then it can be most expensive mistakes you could have made in your life.So better learn first of all then enter the market because no knowledge will cause you loss both hands.