Reasons for newbies loss in bitcoin

[junmisakiro]

1) People think Bitcoin as tool to become rich overnight

Yes, this is the only reason we often hear from beginners who have to lose some assets from their portfolio, because they are very greedy, even when entering the market they do not care about the current price movement at all, thus making them willing to buy at the top price and in the end they sell when the price is on a decline, because they panic and don't want to hold on for long.

[GranitXhaka98]

They think bitcoin is a get rich quick scheme. They lack that quality patience. The newbies cannot manage  their greed. They always panic and sell off their token at loss . They also neglect the need of doing their own research before investing in a particular token.

[Kayum10029]

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.

This may be one of the reasons why they think about the cryptocurrency market at all before investing. But the most significant reason is that they are tempted to get rich overnight There are those temptations that cause losses instead of profits from Bitcoin.

[Ridi]

Reasons for newbies loss in bitcoin:-
The first I can say that the newbies influenced by others who can earn profits or multiply bitcoins in large amount to make higher price and newbies think that's easy to earn profits and influenced by these people's and they also start investing or buying without taking full knowledge to anyone's about bitcoin and learn more about bitcoin like what is bitcoin how bitcoin works and many more. Other reasons is their plans in a greedy way ,they don't have patience ,they took decisions in a hurry and in panic they sold their coins , lack of knowledge I am not saying all newbies are do the same but most of the newbies loss in bitcoin.
I just recommend them to all newbies that firstly you learn more about bitcoin,if any doubts any problems ask experienced person and last but not the least before doing anything like investing,buying take a knowledge learn more about bitcoin what you are going to doing,make plans, don't be panic and start with a small amount. 🙏

[dimox]

my friend that new in this world, try to invest in bitcoin when the price low, (before the last highest). but, he never have patience and just sell when the price drop just a little. he lost some, and regret after know that the price is grow. view month ago, he join on some telegram group for crypto, and loss money again because of scam.

[Mr.sprin]

for new beginners they need patience so as not to be careless most of them are too quick to draw conclusions when the coin price drops meaning they panic sell they usually regret after selling their coin because if they don't release their coin they will make a profit.

[riskarcher]

Because all they have in mind is how to earn money without knowing the market and process, according to points no. 1 and 2. Panic selling and buying trends at the wrong time is a mistake that must be avoided, time gives us the knowledge how to get rich ?,, is to do the right thing at the right time. emotion is everything to take profit without loss

[Om.monata]

number 1 most obvious reason. beginners only think short term if they can get what they want fast. and they are willing to dive into bitcoin with their kitchen money with no experience. In addition, the market hype push makes them more passionate and uncontrollable. this is what causes newbie to easily lose in bitcoin

[Ibrahim60]

The main reason is they have not enough knowledge about Bitcoin and crypto market. They are not aware of Crypto currencies price falling. Most of them are being greedy and want to make profit. For this reason they buy token when the market is high and they hold Bitcoin when they need to sell them. I think this problem should be solved if the new Cummins gather knowledge and then start investing on Bitcoin.

[xmonkeyx]

number 1 most obvious reason. beginners only think short term if they can get what they want fast. and they are willing to dive into bitcoin with their kitchen money with no experience. In addition, the market hype push makes them more passionate and uncontrollable. this is what causes newbie to easily lose in bitcoin

lack of knowledge is the cause of all that, it is very true as you said people should study it first before doing anything to reduce risk, and also many beginners with greed want to make a lot of money in a short time to cause many mistakes to cause loss.

[batang_bitcoin]

my friend that new in this world, try to invest in bitcoin when the price low, (before the last highest).

It cannot be determined by them because they're new and every single price action of bitcoin can be said and speculated as its lowest and highest.

but, he never have patience and just sell when the price drop just a little. he lost some, and regret after know that the price is grow. view month ago, he join on some telegram group for crypto, and loss money again because of scam.

That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.

[BullandBear]

for new beginners they need patience so as not to be careless most of them are too quick to draw conclusions when the coin price drops meaning they panic sell they usually regret after selling their coin because if they don't release their coin they will make a profit.

A beginner is required to understand first how to best use bitcoin, especially against trading that is not easy to do. Most beginners will always feel panicked when the price goes down, especially the movement of bitcoin is very volatile, of course controlling emotions is the main thing to be able to control well what the next step should be for a beginner.

[Cryptmuster]

That's typical for the newbies. Been there done that and I think that learning from that experience will make them better if they will take care of their assets and still has the desire to continue.

It is very important to learn how to work with your own funds yourself, and not seek help from someone else. If a person listens to someone's advice, then he misses the opportunity to learn and gain experience from his transactions, he will not be able to conclude what was done wrong. It also greatly increases the risks of getting caught by scammers, which often leads newbies to a loss of funds. It's early to sell, this is one of the most common mistakes, a person sees a slight fall and in a panic hurries to sell his coins, but if he carefully read the forum and used the experience of people who is on the forum  many years, he would know that perhaps one of the best strategies for today is hold.

[Snappycoco]

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 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. 

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.

Yeah agreed. Some newbies wanted to get rich quickly by buying bitcoin overnight. Not knowing the volatility within market and the marketcap. These newbies like me before saw some videos in youtube which get us thinking that BTC could hit 100K$ which could give us wealth. By wrecklessly investing in its ATH, we lose BTC and tagging it as scams. However, reading here in the forum makes me knowledgeable in crypto space which is priceless.

[Shawn20]

Bitcoin is the introducer of all other cryptos. When a newbie enter into crypto world, they think Bitcoin is the main source to become rich in short time. So they invest in Bitcoin without have any knowledge about trading time. So as they invest in wrong time, they lose money instead in Bitcoin. Moreover, they are less patient then others and try through some scam platform also where they have to deposit Bitcoin for earn and loses the Bitcoin

[BuNga_cute]

the reason beginners lose bitcoin is, in my personal opinion the reason is simple, most likely they are mentally not ready to face any pressure that comes, when there are negative posts about bitcoin, and bitcoin prices start to fall, they immediately panic, they immediately sell their bitcoins, and they will definitely suffer losses..

What you say is true, most newbies have a weak mentality and do not have sufficient knowledge about Bitcoin. So they will panic if the market
suddenly turns bad and can't control their emotions. In the end, newbies will immediately sell their Bitcoins when the market falls, because they are
afraid of losing all their capital. That's what makes newbies experience a lot of losses when investing in Bitcoin, therefore my advice for newbies
to learn all things about Bitcoin first, in order to know how Bitcoin works. So don't invest in something we don't know about.

[Ali771samir]

In my opinion, the most important reason that harms newcomers is the first reason you mentioned.
It is true that there are severe pumps and dumps in this market that can make people rich, but sometimes the growth of a currency based on technical and fundamental analysis requires more time, which many newcomers are unaware of.

[BOAEDAN]

not only beginners who lose a lot of bitcoins when investing but seniors also experience the same thing like that, which is mainly due to their greed and also not paying attention to further market analysis so they don't have time to save their assets when the bitcoin price starts to fall

it's true as you said friend, not only beginners who lose bitcoins even seniors can lose their bitcoins, because it's caused by their own greed, and don't control the market well, if beginners lose bitcoins it may be caused because their mentality is not ready, because they are still afraid of negative posts about bitcoin, sometimes beginners still believe the media that says negative things about bitcoin, because most beginners can't tell which news is true and which is fake news.

[Ronzybloch]

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 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. 

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.

Simple they have no idea about trading  ,  they think it's going up they invest they don't learn  and remember   the best way to earn first you have to learn a lot ,  they jumped into the running train and they lost .

[ninkdwi]

for new beginners they need patience so as not to be careless most of them are too quick to draw conclusions when the coin price drops meaning they panic sell they usually regret after selling their coin because if they don't release their coin they will make a profit.

the emphasis may be other than this is to try to do your own research and don't focus too much on other people like influencers and billionaires.
following people like this is indeed allowed but you also have to at least have research and a lot of information in finding out so that you don't make wrong decisions.
because many people are wrong in placement is when in this phase they follow what the influencers and billionaires say but they don't know the right position to start and end.