Reasons for newbies loss in bitcoin

[Ridi]

Reasons for newbies loss in Bitcoin for me i think lack of knowledge and experience both are very important. Specially for new members who are new in this they don't know where to invest how to invest and so on. Another reason greedy plans newbies want quick profit and this gonna into loss. Bitcoin wants knowledge and update.

[ILuckyGuyI]

The main reason is always greed. Because newbies are not like experienced investors. Most of them are having problems on dealing with their greed problem above all else. However, they should already be knowing that the market is highly volatile and they can lose a lot of money too. They just need to set price goals and act according to it. They should get accustomed to sell when it is time. This will help them become a better investor.

[ajqjjj]

It is basic level information that you need to input and you will pass the level 1 KYC verification.
There is no need for you to submit documents.
Here is what you need before you can withdraw your balance there.
Level 1 — First and Last Name, Gender, DOB, Social Security Number, Address and maximum withdrawal limit of $5k.

[SoeNan89]

there are many ways novice traders make mistakes that are often not realized and this makes a loss.
Usually, beginners are still confused in choosing when to start buying and when to sell. And also caused by greed or ambition for high opit.  Without knowing the risks that occur.
There are also those who just go along without adjusting to their needs. So, do not know how big the percentage of success.

[firesurfer]

The above problems are still not the most practical and basic. They need a lot of education about finance and how to use Bitcoin.
I have seen many people lose money using Bitcoin to join scam projects in hopes of getting rich.
They forget their responsibility to keep Bitcoin and crypto assets. They lost their password and wallet recovery keychain.
It's so bad that there are many Bitcoins stuck in wallets forever because of the above error.

[pjwaffle]

Articles 2 and 3 are the reasons why some beginners lose money in the market. They get scared when the price drops and when things start to go wrong, they get scared and sell even when they are losing money. Sports whales are the worst cause for market newcomers. Because they believe that such a money-making scheme will make them rich, greed and wanting to get rich quick have led them to be taken advantage of, manipulated by scam projects, and ultimately failed and lose all the money.

[Wendy Simth]

At first, my bitcoin would earn interest when it was deposited into a website. At the beginning, I could get the interest normally. Unfortunately, three months later, I suddenly couldn't access the website. At that time, a bitcoin was worth 40K, and I lost 0.3. From then on, I will never participate in those messy investments again.

[kingangel]

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.

[Masplanc]

That is the mentality of most newbies having in mind that once embrace cryptocurrency they will rich over night. They didn't take time to study and Know what trading is all about.

[Amor.]

I think it should be FUD, who lacks patience and confidence in his choice

[Cindella]

They just know that Bitcoin can bring a lot of benefits and value for people. Therefore, most novices will use Bitcoin as a tool to make quick profits. They have not studied the technology and working principle of Bitcoin in depth, and will not analyze the market and judge the timing of buying and selling. Their lack of knowledge, experience and greedy psychology will lead to investment failure.

[Chato1977]

I think it should be FUD, who lacks patience and confidence in his choice

if you are serious in your plan of investing? then you should know the ins and outs of the profiteering you are entering.

FUD should not be part of the losing because this is tolerable .

but the wrong decisioning and not enough confidence is indeed the reason why more newbies fell losing .

[Myleschetty]

I think it should be FUD, who lacks patience and confidence in his choice

if you are serious in your plan of investing? then you should know the ins and outs of the profiteering you are entering.

FUD should not be part of the losing because this is tolerable .

but the wrong decisioning and not enough confidence is indeed the reason why more newbies fell losing .

Seriousness and confidence are not enough to prevent investors from making a loss in Bitcoin investment if the seriousness and confidence are not back with concrete knowledge. The same thing goes in every organization, the person with knowledge will always be on top and also outstanding among others.

[A BLackPearl]

Novice invests in an excitement when they are unfamiliar with the encryption market. Too confident, listening to the words of others, will lead to their own investment mistakes. Lost interest in the encryption market after the investment fails. There is thus the attitude of contrast the tendon.

[Maeve@]

Novices do not understand the mechanism and advantages of Bitcoin, they will only see whether Bitcoin has brought them wealth, which makes the novices look at Bitcoin very narrowly! It is also very easy to lose Bitcoin!

[Fakhrulenclix]

most of the beginners choose to invest in Bitcoin because they see someone's success in taking profits so they think they can do it easily so many things happen that are not desirable so like point number 1 you said it often happens because of greed to get profit as quickly as possible, I think it was a mistake so big that it caused a loss.

[Masplanc]

They don't actually know what bitcoin is all about at the initial stage and they haven't had any experience about bitcoin.  Some thinks hearing bitcoin is fast way of making money which you don't need to equip one self for the journey.  But most of the bad experience novice encounters groom them to do well in bitcoin.

[Mamun74]

A lot of newbies lose money in bitcoin coz they have no patience. When you Start trading or holding then you need to patience more.I Think, most beginners chose to invest bitcoin. Bitcoin is most popular coin and top in coin market cap.So if you have enough patience i think You will be success in bitcoin investment.

[dimox]

I think it should be FUD, who lacks patience and confidence in his choice

if you are serious in your plan of investing? then you should know the ins and outs of the profiteering you are entering.

FUD should not be part of the losing because this is tolerable .

but the wrong decisioning and not enough confidence is indeed the reason why more newbies fell losing .

Seriousness and confidence are not enough to prevent investors from making a loss in Bitcoin investment if the seriousness and confidence are not back with concrete knowledge. The same thing goes in every organization, the person with knowledge will always be on top and also outstanding among others.

agree, my friend confidence about this thing, because of his too confident, he loss 'big profit'. and when try to do for second time, he loss money.
newbie need guide, teacher to make sure what the plan, to know how to act in many ways. your experience friend can be good teacher, you can learn about their experience, and its good because you know where is bad and good path.

[Fatunad]

I think it should be FUD, who lacks patience and confidence in his choice

if you are serious in your plan of investing? then you should know the ins and outs of the profiteering you are entering.

FUD should not be part of the losing because this is tolerable .

but the wrong decisioning and not enough confidence is indeed the reason why more newbies fell losing .

Seriousness and confidence are not enough to prevent investors from making a loss in Bitcoin investment if the seriousness and confidence are not back with concrete knowledge. The same thing goes in every organization, the person with knowledge will always be on top and also outstanding among others.

agree, my friend confidence about this thing, because of his too confident, he loss 'big profit'. and when try to do for second time, he loss money.
newbie need guide, teacher to make sure what the plan, to know how to act in many ways. your experience friend can be good teacher, you can learn about their experience, and its good because you know where is bad and good path.

Noobs wont learn if they wont experience those things on where it is really normal on having that kind of assumption that you might able to make profits
easily but once reality slapped you into the face then you would really be finding this to be hard and this is where learning comes from.
You would able to adjust into it and due to experience you would really be doing things much better and more realistic.