Reasons for newbies loss in bitcoin

[deadmousehat]

They don't want to study first for fear of missing out on opportunities, even though there will always be opportunities every day. They just want to get rich quick by doing what rich people do from investing in bitcoin without learning it first. how blockchain, bitcoin and cryptocurrency work they don't know and maybe they don't want to know.

[dark1234]

They don't want to study first for fear of missing out on opportunities, even though there will always be opportunities every day. They just want to get rich quick by doing what rich people do from investing in bitcoin without learning it first. how blockchain, bitcoin and cryptocurrency work they don't know and maybe they don't want to know.

it's easier for them to just go along and be fascinated by the benefits that the old players get without thinking long thinking it's easy

[haasanjui]

Newbies are not know anything about trading strategies and they invest without any research and then they will loss money. Some time they got profit but loss ratio is grater then profit.

[geegaw]

They don't want to study first for fear of missing out on opportunities, even though there will always be opportunities every day. They just want to get rich quick by doing what rich people do from investing in bitcoin without learning it first. how blockchain, bitcoin and cryptocurrency work they don't know and maybe they don't want to know.

Yes, they do not have the right attitude to the standards of an investor, despite the label of outside investor, deep inside they are a lot of tatters about knowledge and market information and when we deal with the problem in such a careless way, fate is destined for failed experiences. But fortunately the newcomers have a limited amount of money, although there are relatively high investments, they do not make up the majority, so early failure makes them early to acquire standard knowledge, those who get lucky too soon only make it easier for them to deal with their arrogance and stupidity

[ropyu1978]

this is a very unfortunate thing for what happened to beginners so they have to lose their bitcoins, in the future we hope for beginners not to easily believe in scammers who say they can multiply bitcoins to unreasonable prices so that it is very influential for beginners who are so it's easy to believe in that considering they are still very early in exploring the crypto world, maybe this will be an experience for them in the future so it's not easy to trust anyone especially considering they can multiply bitcoin

[Golftech]

They don't want to study first for fear of missing out on opportunities, even though there will always be opportunities every day. They just want to get rich quick by doing what rich people do from investing in bitcoin without learning it first. how blockchain, bitcoin and cryptocurrency work they don't know and maybe they don't want to know.

Yes, they do not have the right attitude to the standards of an investor, despite the label of outside investor, deep inside they are a lot of tatters about knowledge and market information and when we deal with the problem in such a careless way, fate is destined for failed experiences. But fortunately the newcomers have a limited amount of money, although there are relatively high investments, they do not make up the majority, so early failure makes them early to acquire standard knowledge, those who get lucky too soon only make it easier for them to deal with their arrogance and stupidity

Blessing in disguise when they experienced failure and they eagerly desire to learn more.

they will invest back but more careful not to repeat the same mistake again, this kind of

attitude mostly common with newbies who really wanted to succeed from this business,

instead of throwing the opportunities, they will find better ways to enjoy it and take every possible

ways to keep enhancing their knowledge.

[Oilacris]

They don't want to study first for fear of missing out on opportunities, even though there will always be opportunities every day. They just want to get rich quick by doing what rich people do from investing in bitcoin without learning it first. how blockchain, bitcoin and cryptocurrency work they don't know and maybe they don't want to know.

it's easier for them to just go along and be fascinated by the benefits that the old players get without thinking long thinking it's easy

They should realize that old ones wont really be like that without able to experience lots of losses and newbies should really knows about that and not only focusing on the brighter picture.

Well, its really a common behavior for newbies but once we do gain experience then we would able to realize that those kind of mindset and thinking that we had in the past were definitely wrong.

We wont progress or become more better if we dont tend to engage it on our own.

[kawetsriyanto]

Newbies are not know anything about trading strategies and they invest without any research and then they will loss money.

These are too bad characters of newbies, but I am sure not all newbies like that. Don't underestimate newbies, some of them may have good knowledge about crypto and probably ever trade or invest in another digital market (ex: stocks market). This type of newbie won't be very careless to invest or trade without any research. Although crypto and stocks market is different, but some fundamental aspects have a similarity.

[rizqoAD]

I agree with you, Many things affect beginners to lose Bitcoin, beginners usually want to get a quick profit, they are attracted to Bitcoin because they want to get rich quick but in fact Bitcoin investment is not an easy investment. Bitcoin is very volatile so if there is no experience in this business it will be easy to panic when the price of Bitcoin drops very significantly, so what happens is panic selling which results in losses. For that, beginners should learn about the basics of Bitcoin trading, they should understand the risks and volatility of Bitcoin, when they have learned all that, beginners can start trading little by little.

[Vaskiy]

Newbies are not know anything about trading strategies and they invest without any research and then they will loss money.

These are too bad characters of newbies, but I am sure not all newbies like that. Don't underestimate newbies, some of them may have good knowledge about crypto and probably ever trade or invest in another digital market (ex: stocks market). This type of newbie won't be very careless to invest or trade without any research. Although crypto and stocks market is different, but some fundamental aspects have a similarity.

This is true. Not every newbie is with lack of trading strategies. They are newbie to crypto market, but they're much into stock market and forex. Even one of my friend who is good in stock market trading got into crypto market few months back when doge is in the peak. He is a stock market analyst and used to give suggestions on which stock to be bought at the moment and so on.

When he got into crypto to give a try, he found it different and wasn't able to predict as he does with stocks. By the time he mentioned a principle that he follows, just invest what you afford to lose and leave it for long term. His long term is 3+ years, whether it is profiting by then or not just cash it out and start from the beginning.

[xSkylarx]

Newbies are not know anything about trading strategies and they invest without any research and then they will loss money.

These are too bad characters of newbies, but I am sure not all newbies like that. Don't underestimate newbies, some of them may have good knowledge about crypto and probably ever trade or invest in another digital market (ex: stocks market). This type of newbie won't be very careless to invest or trade without any research. Although crypto and stocks market is different, but some fundamental aspects have a similarity.

Yes, but the question is whether or not newcomers are more likely to lose money as a result of those points. You make an excellent point about how they were referred to as newbies, but they have already gained knowledge about the subject and are prepared to the crypto world. I believe that the majority of people who are getting into bitcoin are just getting a grasp of what cryptocurrency is all about, as opposed to the previous generation who believed that it was just that simple. Also, because newcomers are already aware of scams, there aren't as many scammers around as there were previously.

[UserU]

When he got into crypto to give a try, he found it different and wasn't able to predict as he does with stocks. By the time he mentioned a principle that he follows, just invest what you afford to lose and leave it for long term. His long term is 3+ years, whether it is profiting by then or not just cash it out and start from the beginning.

So is your friend still active in crypto? It's just an extremely volatile version of stocks.

[Mr.sprin]

Beginners usually don't consider before they make an investment they tend to be greedy so they lose, they don't think about many things that must be learned before jumping into the crypto world.

[SteveHankse]

These are some solid points. Cryptocurrencies are more volatile than any other market. It’s also new. Traders need to know what exactly it is before getting into it. There are many excellent resources that one can follow. Staying updated to news is a must to yield long-term benefits of crypto if you’re serious about this booming market.

[Pejoh Asu]

Most newbies lose in bitcoin because they still don't know bitcoin completely, the first time I bought bitcoin in 2014, at that time I thought by buying bitcoin then I would get a big profit in a short time, unfortunately the price dropped more than 5% in 2 weeks and made me panic and then sold all the bitcoins.

[Victorik]

Another reason is that some are not willing to invest in learning. They want to follow the trend and don't want to be left behind. They fail to understand that you save yourself a whole lot of trouble if you acquire more knowledge about what you intend to invest your money in.

[leverageguy]

Bitcoin has become the first  cryptocurrency that is the first choice for many investors because of its market value. This may be the reason why newbies lose in bitcoin. They think that bitcoin is the source for overnight success, but it is not.

[chikading2016]

Newbies cannot easily controlled thier emotion in both green and bloody market, they are always loss because they are panic sellers when price is dump and panic buyers when the price pump, and that is normal to newbies because i experienced being a newbie and I experience loss during my newbie days, to avoid this lossing we need to learned by studying and researching and as the time goes by we can easily control emotions because or the learning's that we can get through studying.

[Mr.sprin]

Newbies cannot easily controlled thier emotion in both green and bloody market, they are always loss because they are panic sellers when price is dump and panic buyers when the price pump, and that is normal to newbies because i experienced being a newbie and I experience loss during my newbie days, to avoid this lossing we need to learned by studying and researching and as the time goes by we can easily control emotions because or the learning's that we can get through studying.

I've had a bitter experience, I panicked quickly when the market turned red so I sold my asset even though the red market was only temporary so I regret this is my very bitter experience and I don't want to repeat it.

[CDC AP]

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