Some Errors We Make In Trading Crypto

[Lanatsa]

Crypto is not a get-rich-quick scheme

Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it.

Noobs are the ones who do mind or believe about this market is a get rich quick scheme that they might believing when they are starting.Even myself is guilty on this one specially into those times where ponzi's and

hyips are on trend which easy money was just indeed too attainable in a short time and i havent discovered trading on that time on which it did really make out that kind of impression and once time passed and able to

face up the reality then this is where things or views do change where this isnt something that you could just able to survive if you arent that smart enough in regarding to your actions.

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[Pamadar]

Crypto is not a get-rich-quick scheme

Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it.

A wrong mindset for sure, it's not a shortcut but an opportunity to maximize the potential of gaining

huge amount of benefits. Still, patience and knowledge have a big impact when you are investing in this business, knowing the
right time to put your entry and exit position.

If you have that idea and you are continually enhancing your knowledge, that learning will keep you on the right path.
while patience will always place you in the safe way if you understand how to hold and let go.

[LouVandetta]

Crypto is not a get-rich-quick scheme

Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it.

That's what noobs usually are, they think crypto is a shortcut to get rich in an instant and hoping something like that were to happen to them. Sadly that's how it is, we've seen a lot of people have that kind of mindset and didn't even bother to learn the basic of crypto trading or investment. Sure, some could make it big in just a short amount of time, but those chances are quite low.
Gaining some experience is always a good thing, learning and all, they all could make you a better trader or investor in cryptospace.

[AnonBitCoiner]

I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.

[ningrum]

I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.

That's I think it's important to have knowledge and skills before entering the crypto market,
crypto is very complex and when the price reaches a high it doesn't mean it will continue to rise because at any time it can drop drastically,
Of course, it will be a bigger risk if you buy it at the highest price, so do your research and analysis before buying

[monineklutak]

everyone has experienced mistakes when trading, of course that will make us all learn,
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.

[taufik123]

I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.

Crypto already has a risk of fluctuating prices, especially when it is added to the borrowed capital used to trade in crypto. it's the same as adding to the risk that already exists. Loans will not save when you don't know what to do and don't have the proper knowledge to trade or invest in crypto.

Those who make loans to buy more crypto may be stuck at high prices or those who are new in but don't have the capital and loans are an option.
The risk for loss is certainly great if it is not managed properly. Lots of FOMO that would be a deadly trap.

[Hypnosis00]

Mistakes in the process of work are quite normal, but you need to be ready to deal with them. When I started working with a broker from Amarkets, I tried to devote enough time to this.

Perhaps, it can't be avoided even though we are too careful on our job and much more in trading where the market is moving in indistinct directions.
But, with the help of these mistakes and failure, we come to the point of seeing the light instead of the dark side and that was because we see failure and mistakes is an opportunity to grow. Maybe some have see this negatively but for some people, this is likely a gift and lead for them to improve and even more careful and resourceful.

[ScamViruS]

everyone has experienced mistakes when trading, of course that will make us all learn,
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.

When it comes to trading, you have to face different challenges at different times. Many experienced traders face this kind of situation. While trading I still make mistakes, I have to bear the consequences of that mistake. If you think that you will learn from every mistake and apply it in future trading, then that too will be considered as a mistake. This is because it is important to gain detailed knowledge about trading in order to minimize losses in trading.

[Pamadar]

Mistakes in the process of work are quite normal, but you need to be ready to deal with them. When I started working with a broker from Amarkets, I tried to devote enough time to this.

Perhaps, it can't be avoided even though we are too careful on our job and much more in trading where the market is moving in indistinct directions.
But, with the help of these mistakes and failure, we come to the point of seeing the light instead of the dark side and that was because we see failure and mistakes is an opportunity to grow. Maybe some have see this negatively but for some people, this is likely a gift and lead for them to improve and even more careful and resourceful.

If you are a kind of progressive person, you will see those mistakes as a building block that manifest

with good inspirations to continue the process, not taking the blame but treat it as a basis on how to avoid doing it repeatedly
but instead, using it as your advantage in enhancing your strategy.

The system should always be positive and not to allow those negative sides to bring you down to continue regretting those
losses that you encounter. Take your time to dig deeper and earn the success.