Reasons for newbies loss in bitcoin

[rosebrand]

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.

Lack of knowledge is another bad thing which can lead to great loss in crypto, most newbies who comes into crypto newly sees shitcoins with it's high pumps and there get too excited jumping in at the top and when a market correction occurs the price of the shitcoins they invested in dumps badly on them thereby causing great loss, since it's a shitcoin there is a probability of that coins rising to it's previous ath and the newbie with lack of patience sells at loss.

[Subbir]

When entering the market early newcomers have much less knowledge about the market can't understand the difference between currencies greed for more profit is affected and badly affected loses everything. There are many markets available and you've got to form your choice consciously you want to know the market and also know your preferences business market news helps you to know the market then make the proper decision. Market volatility when the worth fluctuates you get more chances to form a profit.

[swiftbits]

Great insights! Just for an addition, Most newbies forgot how vulnerable their assets are from online scammers and hackers; you could lose all your funds by just logging in to a fake website. This could be a hard lesson to experience, so it would be better to learn it before jumping in; reading rules and guidelines is also essential as we see platforms blocking accounts by just not following a single rule.

[Dhaniii]

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.

actually they don't understand the market cycle yet, they just jump in and hope the pump continues to make a quick profit. There's a lot to understand about bitcoin, cryptocurrencies and how they work. I think this will continue to happen as long as there are beginners who don't want to learn before investing.

[Desyationer]

I'm sure bitcoin is waiting for me to buy it with my insignificant savings, which I have been saving for several years ($ 2,000) to fall.

[Golftech]

Great insights! Just for an addition, Most newbies forgot how vulnerable their assets are from online scammers and hackers; you could lose all your funds by just logging in to a fake website. This could be a hard lesson to experience, so it would be better to learn it before jumping in; reading rules and guidelines is also essential as we see platforms blocking accounts by just not following a single rule.

One of the big factor that hated by most newcomers, losing money after thinking that they can grow it,

but scammers and hackers are everywhere. They are just waiting for good timing to hit you up and suck

your money. Very important to learn how to secure yourself and your assets to avoid losing everything you

have just like how you describe it.

[Wong Gendheng]

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.

This has happened to me when I first got to know bitcoin, the first time I bought bitcoin in 2015 at a price of $260 and panicked when the price dropped to $230 in 4 days, and I immediately sold even though I lost, now I'm relaxed when I see the price drop instead I will buy again.

[Mr.sprin]

When entering the market early newcomers have much less knowledge about the market can't understand the difference between currencies greed for more profit is affected and badly affected loses everything. There are many markets available and you've got to form your choice consciously you want to know the market and also know your preferences business market news helps you to know the market then make the proper decision. Market volatility when the worth fluctuates you get more chances to form a profit.

Most of them don't know the market and just rely on feeling, they hear they can get big profits by buying bitcoin and they try it, it turns out the market goes down and makes them panic so they sell at a loss.

they are reckless when the price goes down so they panic and they sell it they are afraid of losing money but over time they will not repeat this I have also experienced something like that I sold when the price went down maybe everyone who is new to trading has experienced the same thing.

[blue_nexus15]

I think The psychological panic is the biggest threat along with the lack of understanding and trust that makes it easy for many newcomers to receive bitter fruits and losses. Some have misinterpreted the market to make easy and quick money  realized - Rekt for them.

[Fatunad]

it is very unfortunate what experienced by beginners when they lost bitcoin maybe this is very concerning with what experienced by beginners which makes us sad why they easily believe in things like that, for example, someone can double bitcoin or they are able to buy at a high price. high so that they easily believe in it, maybe this is just what beginners should watch out for so that they don't lose their bitcoins in the future

Newbies do mostly think off about making quick bucks or easy money or making themselves rich overnight and this is why on the time that they do faced up the reality then
this is the time they would really get frustrated and some do really turned their backs and some do really love to learn more about crypto and which turns out to be a supporter
or enthusiast and this is where the community becomes even more bigger.Losses are inevitable because market is unpredictable but if you do know on how to play with the
market or simply able to ride with the waves then you would really be finding this place to be a good one.

[gundala]

I think The psychological panic is the biggest threat along with the lack of understanding and trust that makes it easy for many newcomers to receive bitter fruits and losses. Some have misinterpreted the market to make easy and quick money  realized - Rekt for them.

fomo, indeed this is the most often fatal mistake for newbies. Moreover, many news portals broadcast the increase in bitcoin many times, so they join without any preparation, in the hope that they will soon get a lot of increase as well. some are lucky, and some are not. turned out to buy at the peak, and then the price continued to fall. even though it was their own fault, but many later said btc was a scam and bubble.
knowledge is the basic thing to have in order to survive and make a profit here. if not having much luck then we should at least have a lot of knowledge.

[Iranus]

it is very unfortunate what experienced by beginners when they lost bitcoin maybe this is very concerning with what experienced by beginners which makes us sad why they easily believe in things like that, for example, someone can double bitcoin or they are able to buy at a high price. high so that they easily believe in it, maybe this is just what beginners should watch out for so that they don't lose their bitcoins in the future

Newbies are loss their money cause they are not aware about their privacy. Many times they can't store their private keys properly and they don't understand its importance. Many times they unknowingly reveal their personal secrets which leads to scams.
Another reason is that after they get greedy, they get lured offers and get involved in scam projects. But as the wisdom grows, they learn to distinguish scams and gradually learn how to protect their privacy online.

[luckypenguin]

I believe that first of all it is a lack of education. Everyone thinks that bitcoin is easy money, buy it and get rich right away. But we all know that there is no such thing as easy money. And bitcoin does not grow at such a rate as we would like it sometimes. And when it grows at the right speed - we don't have time to buy or sell. I do not even know what to advise in this case for beginners. Perhaps just to entrust their assets in experienced hands.I would recommend to read about what "Pump" and "Dump" are here and how experienced traders earn on them.

[Qikiye]

One of the main reasons why newcomers are facing Bitcoin losses is the excessive greed of newcomers and lack of confidence in the Bitcoin market. If they invest in market analysisDo not face losses.

[goldade]

I particularly agree with the first reason OP highlighted. One of the reasons, in fact it is the major reason why newbies lose money with bitcoin is because they have wrong perception of bitcoin. They believe bitcoin is a tool to getting rich quickly. Many even presume they can do it overnight.
This is why they use big leverage in trading simply because they believe they can make so much by doing that but they only blow their account by doing that.
Bitcoin isn't a get-rich-quick scheme. It takes patience and continuous learning to make money with bitcoin.

[19Nov16]

it is very unfortunate what experienced by beginners when they lost bitcoin maybe this is very concerning with what experienced by beginners which makes us sad why they easily believe in things like that, for example, someone can double bitcoin or they are able to buy at a high price. high so that they easily believe in it, maybe this is just what beginners should watch out for so that they don't lose their bitcoins in the future

Currently there are too many scams, some are real, namely by making scam projects, and I have been hit by scam projects several times, I don't think there is a guarantee that newbies or masters can be free from scams, as long as there are projects and exchanges there is a chance to become a scam is very open.

[raidarksword]

New to bitcoin will certainly obtain a sense of easiness because they think bitcoin is quick rich program but the truth it's a opposite. With the volatility we are dealing with, it's a first problem we are having with and to newbies they panic so fast and end up selling losing in the end. We all experienced all of it and the best teacher will be always from the bad experiences in crypto, it will teach us to be strong and not to panic whatever happens to the price or FUD and remains a diamond hands.

[oemar bakrie]

a step or a way that we have to learn,, with patience the worst thing will not happen a small example of losing an opportunity if the price starts to rise and at that time we have released all assets until they run out..
and that's my main key so that mistakes don't happen again.

[Helen-cty]

Everyone grows up slowly from a novice, and everyone has a say. After experiencing it in person, the impression will be more profound, and only by facing it in person will you accumulate experience.At the beginning, I didn’t understand the market trend, and entered the field that I was not familiar with and could not grasp.Whether you can persist and get the benefits you want depends on how much everyone is willing to pay for it.

[Dax Robinson]

Most beginners have the psychology of getting rich overnight, thinking that the currency circle has high returns, but at the same time the risk is proportional to the return. When they are unfamiliar and unable to adapt to the market proficiently, they still become very confident, and they don't even understand some words and trends. Indeed, I have really met such friends. He didn't understand what I was talking about when we communicated. I think such investors are very irresponsible and treat themselves. Irresponsible, failure is justified and destined.