Having losses? Or people are not going the right way

[pieppiep]

If an holder bought at high price, they may not want to wait again and sell in losses after coins like bitcoin has already reached all-tim-high. Some people that invested at low price can gain but altcoins are more risky.

Bitcoin has always reach all-time-high. Many people that complained before the present all-time-high with unrealized losses (people that did not sell when they were losing) later gained and were all happy, bitcoin increased from $19500 all-time-high in 2017 to $69000 all-time-high in 2021.  Bitcoin market has been unfavorable this year but which people that know about bitcoin are not surprised about, they have predicted this bear market before it happened. If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

If they understand that the crypto market has a bear market and a bull market, they are not in a rush to make decisions and will always analyze before deciding. And if they are an investor and are already buying at a high price when the price drops sharply, they will not sell the bitcoin at a loss but instead, hold on to the bitcoin while trying to buy more at a low price. This will allow them to buy at a low price and lower their average buying price so that they can sell it if the price goes up high at any time.

[tbct_mt2]

I remember my experience in the past and was still a beginner in crypto and at that time I invested and at that time the price of the crypto I bought went down and at that time I panicked and kept selling and finally my money ran out, but not long after the price of the crypto I bought suddenly went up back and even higher

Market makers create hypes and panics and newbies are more vulnerable to be affected. Buy highs, sell lows that are newbies mostly do and losers often do in the market.

so in my opinion if we invest in bitcoin or altcoins. if for example there is no profit, do not sell and must be strong to hold.

Not true. You should learn and cut loss at the right time when there are signals for that. Because if you cut loss at right time, you will have chances to buy back at lower price. You will have more amount of the coin you want to invest in.

However, it is not true if what you choose is a bad one. It will fall to zero and developer or scammer team will abandon that project. No rally to the price you buy initially.

when investing it is better to use idle money, so that our minds become calm.

It is true. Investing with money you borrow is bad. Especially if you borrow it with high interest, you will have more pressure that can cause stupid decisions.

[justdimin]

Some time loss opportunity with coin have already sold price suddenly pump few days later but ever we hold some altcoin for long time but keep going dump. I think the problem with cryptocurrency as investing way depending when first time correct altcoin, what ever investing method with long or short term but when making correct investing I think keep profitable. I have the same experience with you because ever make cut loss on Doge coin still price under $0.06 before few weeks later Doge coin touch all time high price. I lost about $5,000 and I think keep holding Dogecoin and not panic for cut loss I will reach much profit above $120,000.

I have to say that doge is an exception when we are talking about projects. I mean that is a "meme" coin, which means that it goes up and down based on the hype it has. If it has a lot of hype then it will go up, and if it has low hype then it will go down.

This isn't some project where you have to go up based on fundamentals or chart, it is not like bitcoin or ethereum. Elon could tweet about it and make it big again, that is not a serious investment, that is a fun one that you joke around with and if you put your money into something that was made out as a joke, then you are making a big mistake. That is my understanding at least, I wouldn't really consider it a good thing.

[2stout]

At this stage in the Bitcoin timeline, if you HODL, you won't and don't have losses- just check back in a couple/few years.  This is simplest and most effective strategy,  may also save you a lot of stress as well.

[ChiBitCTy]

Yeah I’m still amazed at the amount of people who first find out about bitcoin but decide that they are going to invest (or more like bet on) an altcoin or altcoins thinking that it is going to be the next bitcoin. People are delusional, not sure what it’s going to take for people to wake up and realize the coin with the most utility, and since day one, is bitcoin.

[worle1bm]

The thing is that there is no growth opportunity in altcoins but that doesn't mean you cannot gain profits out of them as many have done so by investing at the right moment and withdrawing the funds when it rises to certain level but that's not easy.People see some insane pumps in them and in greed invest life savings in those altcoins based on some paid influencers which is definitely wrong move.If you are new then btc is the best option for you.

[Bitstar_coin]

You are right. I saw this from one other post here and I think it totally illustrates what the Subject is talking about.

Most people in crypto today are more "supposedly" traders and not investors. They are looking to make quick money as you said and don't even know how to do that thinking they can buy any crypto and the price will double in a short time but if that didn't happen they panic. I believe that it requires knowledge for you to know what happens in the market and most people don't what to do that, and with market knowledge, you can practice patience which usually pays in the end only if you also INVESTED in the right cryptos.

Greed has made many people forget the real purpose of investment. According to this google definition "An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset .." With this definition, investment don't give big returns few days after, the assets appreciate and generate income in due time. Nowadays, investors want the quicker and faster way of getting big profits which often end up in regrets because most of those projects offering big profit within few weeks always end up in the whole.

Time and experience should teach us not to trust such projects anymore, people should understand that real investment takes time to yield a positive results, a good look at all the successful companies, organization who has been in operation for a long time explains it all, they say nothing good comes easy.  I have long ago re-evaluate my approach and thinking towards investing in any project.

[darkangel11]

Yeah I’m still amazed at the amount of people who first find out about bitcoin but decide that they are going to invest (or more like bet on) an altcoin or altcoins thinking that it is going to be the next bitcoin. People are delusional, not sure what it’s going to take for people to wake up and realize the coin with the most utility, and since day one, is bitcoin.

And I'm not amazed. They saw that 1 bitcoin costs 20k and 1 shitcoin just 1USD so "why not buy 1USD coin? I don't have 20k!" That's the mentality we're dealing with here. People don't think, they don't want to spend time to learn, they want money.

Maybe 20% of all people who invest are "bitcoiners", meaning people who are interested in bitcoin. Those people read the news, sometimes write on forums, have tried different wallets, exchanges, signing messages, paying for goods and services. The other 80% are speculators like traders, fund managers, normal people who heard about it and thought it's a money multiplying scheme. You put 1 dollar in and get 2 dollars a year later. All they care about is the numbers and when these numbers aren't satisfying anymore they complain about broken promises and all that.

[Nrcewker]

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

[romero121]

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

People are not going the right way, and it is the lack of understanding about the market. Majority of the people, even those in the market in the long term think of making money at the shortest. But they never make use of the opportunity.

Whenever the market turns down and reaches the bottom they don't buy. By that time they fear and stay out of the market. When it bounces everyone will be on the crowd to buy. Here they miss the profit. This is all about the people's mind and not about the market making mistakes.

[Luqman]

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021.

and moreover, they are investing in the new altcoins, hype altcoins, nonfundamental altcoins, adn mostly shit coins. That is why losses can be very easily got by many people in crypto investment. However, when somebody is investing in new altcoin without any analysis and they become very frustrated because of the dropped market. They will panic and sell all of the coins even n a cheap price. This is actually what the whales want, get opportunity during the market crash and utilize the chance to get more opportunity from the small inestor.

[carlfebz2]

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

But so to speak that not all people would be having on the same mindset ending up on having the same action that they would do with the market which means that it would be ending up on one path?

It cant be possible as we do talk realistically.Yes, people do really go in the wrong way or path but its just really that a normal cycle yet not all does have the same analysis and behavior that they do have personally.

Losses are inevitable and due to unpredictability of the market then this is something that you couldnt really able to avoid but you should really minimize those errors as much as you could.

[tomos81]

No one should blame you if you invest as you wish. That's why it is said that when you get benefit invest never tell anyone but whenever you face loss invest. Why blame others or crypto-currencies for losses you should invest wisely.
That's why I want to make it clear that one should never blame anyone for making discretionary investments, it is completely wrong. So never put any blame on crypto currency.

[Yatsan]

Sad to see these types of news. I mean these types of news are only seen after this bear market and nothing can be done to be honest.
People those who don’t have prior knowledge in cryptos, just invest and seeing this bear market effect they panic and sell. They don’t know that the bear market is just manipulating their minds.
Nevertheless same would have been happened to the people that the OP is referring here.
You can easily conclude that this is not the fault of market, rather people are not going the right way.

People are not going the right way, and it is the lack of understanding about the market. Majority of the people, even those in the market in the long term think of making money at the shortest. But they never make use of the opportunity.

Whenever the market turns down and reaches the bottom they don't buy. By that time they fear and stay out of the market. When it bounces everyone will be on the crowd to buy. Here they miss the profit. This is all about the people's mind and not about the market making mistakes.

I agree. People are sometimes just too optimistic. They are implying to themselves that whenever the price is low, investing would be the best option, but it is really not, 'coz analysis should be done first before entering something. If you'll just invest everytime on downfall, there's this tendency that your  losses will just be bigger. There is always a time to enter or exit from your investments. Not to be too optimistic and too pessimistic would be a better mindset. You just have to think more of your next move than to just follow the trend.

[MarjorieZimmermanGinger]

The mistakes people make is because they are investing in altcoins

Altcoins are still categorized as general, it is not specific which part they take to start, Of course not all Altcoins experience price increases, both in the short and long term.
The question when they enter the Altcoin market? here is the source of the problem

If bitcoin is presently at $21000 by now, they should know that the market is healthy, that they should not sell in loss. If they hold bitcoin, all-time-high is coming, I am predicting the next bitcoin all-time-high to reach over $100k.

While people who follow bitcoin sometimes have the wrong investment pattern, for example buying at a high price, but using a short-term model, even though bitcoin's condition is in correction, this method will make them lose.

If it's the case of investing bitcoin in the long term, it's hard to get a loss, because bitcoin will find a way to reach ATH, through a long process that occurs.
Maybe one can observe the market from 2017 to 2021, here will find the answer.
Note: If the long-term investment model

[davis196]

Crypto trading is no different than stock trading or FOREX trading. If you don't know what you are doing and you don't have patience and strong hands, you end up losing your capital. I've read statistics claiming that about 85% of stock traders lose their money. Crypto traders should be somewhere around that percentage.

The question when they enter the Altcoin market? here is the source of the problem

I guess you mean "why they enter the Altcoin market?" The obvious answer is greed and wanting to make big money fast.
This is the recipe for disaster. The people should learn how to walk before they learn how to run.

[peter0425]

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021.

it is not bad that they invested in altcoins because at some way? altcoins are also profitable but the issue here is why they invested in Altcoins rather than bitcoins? it is because of their greedy attitude and because they wanted to make easy money.

they trusted those coins because of the Idea that this will make them rich in shorter time.

If an holder bought at high price, they may not want to wait again and sell in losses after coins like bitcoin has already reached all-tim-high. Some people that invested at low price can gain but altcoins are more risky.

but if they will think deeply? then they will use those scenario as a learning pattern to invest in Bitcoin rather than altcoins.

[TheUltraElite]

You can't blame them for investing in altcoins, there's a diamond in the dirt and everyone's thinking that they should just keep on accumulating those coins because they wouldn't know which one is going to pump real fast so that they can become instant millionaires.

But the diamond here is very small or very few in number.

Truly the person investing in altcoin is to blame for their own losses. It is not that they are not advised against it on this forum. While most traders lose out some might profit but don't use this as an example.

Similar to any other speculative trading the people making money from it are way smaller than the people losing money. Here comes the realisation that majority of speculative assets are not worth putting money in if you don't have the reserves to back it up.

Bitcoin is currently having a bearish trend, does not mean that altcoins are going to go up. So people need to learn how to analyse the old charts and then be judgemental.

[Cryptmuster]

Precisely they want to get rich in a short time, even though there is no place anywhere that can offer that. They ended up trapped in their own greed. And not infrequently people like that are people who have experienced the same incident several times, strangely they do not learn from the bitter experience they felt before.

Cryptocurrency really makes it possible to quickly increase your funds, but the truth is that in order to do this you need to have good knowledge in many areas and of course some part of luck must also be present. Bitcoin is reliable, but this way can also be long. Here everyone chooses for himself, for someone more reliable investments are important, for someone it is important to increase your deposit as quickly as possible...

[CPNpr]

No one should blame you if you invest as you wish. That's why it is said that when you get benefit invest never tell anyone but whenever you face loss invest. Why blame others or crypto-currencies for losses you should invest wisely.
That's why I want to make it clear that one should never blame anyone for making discretionary investments, it is completely wrong. So never put any blame on crypto currency.

I think it would be better to think and invest before we compromise. Here if we compromise on voter decision then we can launch because we have to think first and later we have to compromise then we have less chance of loss.