Having losses? Or people are not going the right way

[KingsDen]

On one hand its their own fault that they set their expectations too high and the reality proved different from them, on the other hand if crypto disappoints people, it would mean lower interest and probably further disappointment as the result. Crypto is very sensitive to public perception and hype, so this pessimism could be pretty bad for the market.

I went through the article and I tried my best to filter the categories of people interviewed. When I heard of the statement "They thought crypto will make them rich", I understood that this was category of newbies who has the mindset of get rich quick scheme.
I have been in this forum from last year, and I am making some investments. I already know the outcome of my investment in terms of profits and losses. So, either ways it goes I won't be disappointed because I had already weighed the situations and decided on the amount I am able to invest. I can strongly say that I cannot be disappointed by crypto. The only disappointment that could face me will be a general disappointment, such as if bitcoin refuses to bull after 2024/25 halving.

[Viscore]

The biggest mistake people make investing in crypto is not looking for more information and just trying to follow the rumors to buy a coin they think will explode in no time. But the reality is not so because the coins they buy do not provide as much profit as they think.

And if they invest in bitcoin, they also don't predict when to buy bitcoin but follow what is presented through many websites about it will increase in a short time, so buy it before it's too late. Once again, reality didn't turn out the way they wanted. That makes many people suffer losses in investing in crypto and say that crypto is a scam.

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

[CryptSafe]

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

[TimeTeller]

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

It is known that many newcomers have the notion that this market is the easy way to get rich.
But later on, they will realize that there's more than meets the eyes in this industry.
Because if they will blindly trade without learning the basics, they will surely lose without a fight.
But losses here is normal, I believe, even long-timers can still lose if they are not careful with their steps.
Because the truth is, we don't know where the coin is heading to, which is why we are all just speculators.

[Lanatsa]

Having losses is also part of the game as long as Crypto is concerned but it is likely those that do not have idea how the system works that have such experience. Sometimes, not going the right way affects as well as not doing the right thing. In most cases, people fail to properly watch out for red flags before going in and it however results to their woes as a result of their negligence. For instance if a person is new to trading and wants to trade should know when the market is favourable to trade is buying and selling and not just to rush into it. This however leads to had I known which is not good for an experience.

It is known that many newcomers have the notion that this market is the easy way to get rich.
But later on, they will realize that there's more than meets the eyes in this industry.
Because if they will blindly trade without learning the basics, they will surely lose without a fight.
But losses here is normal, I believe, even long-timers can still lose if they are not careful with their steps.
Because the truth is, we don't know where the coin is heading to, which is why we are all just speculators.

We are all speculators here on this market considering that this had been unpredictable since from the start and there's no way that we could really predict on where it would be going.

When newbies do really see people out there flexing up their trading earnings then you would really be having that impression that it would really be easy and you can do it too without any problems.

Losses are indeed normal but if you arent really that knowledgeable then you are just simply doing gambling because you dont really have any idea on what you are doing.

[maydna]

~snip~

I noticed such a trend that in the phase of the bear market, people simply stop being interested in cryptocurrencies the way they did in the bull market. This is a mistake, because right now the best prices to buy, perhaps we will not see the lowest price any more, and after accumulation we will see an increase, but then it will be too late to buy, since the best time with the lowest price will already be lost. I buy bitcoin every time I have the opportunity to do so, and I have confidence that my investment will bring me good returns, I buy for the long term and therefore do not try to catch the lowest price, I just buy when I have the opportunity.

I guess it's normal because they've had bad experiences buying bitcoins. And it's all because they don't analyze where bitcoin is going, so they make mistakes. But, if they are willing to learn from those mistakes, they will find that now is a good time to buy, especially since we are seeing a sharp decline in bitcoin and altcoins. If they can use the present to invest in bitcoin and altcoins, they will be able to profit in the future.

~snip~

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

That's true. They don't think about analyzing the coin and instead follow what they see on social media that says to invest in a particular coin. Their attention is divided because there are so many suggestions they find on social media that they don't think long to analyze, and in the end, they buy the wrong coin. But if they decide to only invest in bitcoin, especially at this time, they will see how much profit they will make once the price starts to increase again.

[Xxmodded]

I don't think with people losses but mistake made when bitcoin looks as hype reaching all time high price above $60,000 and many issues talking about bitcoin will reach above $100,000. First mistake why many people want to invest their money in bitcoin trough 2021 because they have filled on their mind about bitcoin will reach above $100,000. But what happen right now far away from their predicting and bitcoin price drastically drop under $21,000 right now. I think basic mistake made by new investor coming in bitcoin and they do not know about all time high price of bitcoin, but after investing and keep holding their assets until bitcoin dump right now know not all trues about bitcoin will reach above $100,000.

[Marvell1]

The biggest mistake people make investing in crypto is not looking for more information and just trying to follow the rumors to buy a coin they think will explode in no time. But the reality is not so because the coins they buy do not provide as much profit as they think.

And if they invest in bitcoin, they also don't predict when to buy bitcoin but follow what is presented through many websites about it will increase in a short time, so buy it before it's too late. Once again, reality didn't turn out the way they wanted. That makes many people suffer losses in investing in crypto and say that crypto is a scam.

Mostly, losses in crypto become possible because they invested in the wrong coins particularly in those hyped coins as they thought they will gain quick profits. But it turned out that instead of making profits, they fall into more losses. However, if people chose to invest in bitcoin and buy them while the price is still cheap, then losses will not be possible as they won't be selling of course when the price is not yet profitable.

It is also possible that they lost money because they bought bitcoin at a high price, they did not research everything carefully before buying and they only bought when someone recommended that bitcoin will increase in price in the future if they buy bitcoin, they did not receive a warning about the short-term volatility of bitcoin. Buying bitcoin is the right thing to do, but at what price we buy is the key to making a profit.
It can be said that the cause of the loss is not due to the market or anyone, but because they themselves were too hasty to invest when they did not have enough knowledge and experience.

[justdimin]

I'd never found it wrong investing in altcoins but what went wrong is investing shitcoins which are already flooded in the market. And if investors don't have the time to make research and just simply follow what these social media is promoting, I'm not in doubt that someone like the person mentioned by OP will fall into scam projects. And I'm not going to wonder why it is happening, I'd see this thing very common, especially if we are too careless and have no market experience as we jump without even doing any simple research.

Shitcoins are often mistaken as an altcoin because they are on one category but a good research will let you eliminate them. For those who are experts I think they can invest in shitcoins and incur only minimal losses because they already know how they work but for a newbie, that isn't advisable. They better stick on the safe coins first.

It's not that people have gone in the wrong way because even us who have experienced already and will prefer top coins the most, can still be able to lose. Loses are just normal and part of this crypto game but those who lose because they choose the wrong way, can always correct their path. It's not too late yet.

[adzino]

Nearly half of US adults say their crypto punts are worse than expected: Survey
-snip-

Because they never researched the market and they thought they could make some quick profit within short period of time. Most of them invested due to FOMO and when they see the price crashing, they start regretting.

-snip-
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. 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.

They aren't investing in just some altcoins. They are investing in random shitcoins with the hope of making some quick profit over night. If they had invested in one of those top altcoins, they wouldn't have lost a lot. If they invested in Ethereum a few weeks ago, they would already be enjoying some nice profits.

[bitcampaign]

maybe those who get a little profit because they go into crypto when prices are high, should be when the bear market is in action now they should take it and hold it long term at least 4 years from now I think it will be a good investment and a pretty big return , strangely sometimes people leave crypto during a bear market like this and don't take the opportunity to invest

[Myleschetty]

its not about the results.. its about the timing of the survey

The survey was conducted last month which means the investors that claimed their crypto punts are worse than expected believe once they invested in crypto the next is bullish or maybe they invested in that meme shitcoin.
This will always be the criticism of inexperienced investors.

[AicecreaME]

Making thousands out of $100 in altcoin is so rare, that's why it's not really a good thing to risk your money in altcoin as a beginner because of its cheap price. Bitcoin is a safe place, where you could peacefully let it sleep in your wallet if you're planning to HODL after you bought in a dip. I started here in 2016 where Bitcoin was $500-$600 if I'm not mistaken, since then I never doubted it.

People are losing their money mainly because they don't know exactly what they are doing, simple as that.

[cloudfir3e]

Doesn't seem like they actually lost out but rather instead their profits were less than expected? So I guess any of them weren't really losing anything nor have they really made any wrong general investment decisions since they still ultimately profited. It is kind of weird how they expected or thought of crypto as an easy way to make money, it may have been true foe the early days but I don't think it applies to recent times now, not to mention it also requires a lot of know-how on what to do to exactly profit.

Cryptocurrencies can indeed be made to earn money and can even change lives or gain wealth because not a few have succeeded in changing their life stories from cryptocurrencies.
but all of that is not easy and short, many big risks in the crypto world can even result in losing all the assets used to play crypto depending on how they can use the right strategy and can overcome their emotional self.

[pawanjain]

OP is right. With every bear market, bitcoin has come out to be even stronger and it has survived all the dumps.
This makes bitcoin the most trusted cryptocurrency. It creates a new ATH every time and with the current bear market we can expect the same.
The chances of bitcoin reaching the $100k target is getting closer with every ATH.

[freedomgo]

Most of the people got in during the peak of the market when the hype is so strong.  It is obvious that when the hype fade, the price will correct itself, and those who invested in it will surely suffer losses.  Those who invested in BTC are definitely going the right way but most of them lack knowledge and patience so they derail from the correct path and give up their holdings at a lost.  If they only intended to hold for a long term, I think the survey won't have the same result. 
While those who invested on altcoins that are shitcoin and are only driven by hype, are definitely in the wrong way.

It’s always a challenge to invest in the right coins as we can’t predict precisely as to what coins will survive for long, others may have been lucky and invest into bitcoin while some end up investing in altcoins and shitcoins because they find them more promising. Although i’m not saying that investing in altcoins is bad, but it’s a always a high risk investing in them and yet there are no guarantees that they will continue to surge and reach new all time highs. Unlike bitcoin, if you are just patient enough, hodling bitcoin for long term is proven to bring huge profits in the end.

[Stella Mese]

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. and from that incident I thought and began to improve my thinking and began to learn again about good trading. 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. because the purpose of investing is to make a profit, and in my opinion, when investing it is better to use idle money, so that our minds become calm.

[KaliLinux]

Who wants to become rich over the night, crypto is not for them. they should do bank robbery or any other things. I think most of the people included in the survey chose some worst shit coin so they must lose a big amount. Even bought Bitcoin in ATH and also lost a couple of x from that price. So if people don't have enough patience they can't make a profit. I can say they just come on the crypto just to become a millionaire or something like that. They just jump into crypto to get a profit but they don't know how to make a profit from crypto. It is not easy like pump dump shit coin and as we know everyone cannot be a gainer from the pump dump shit coin. If you want to make money from crypto then you must be a strong holder.

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.

[Xxmodded]

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. and from that incident I thought and began to improve my thinking and began to learn again about good trading. 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. because the purpose of investing is to make a profit, and in my opinion, when investing it is better to use idle money, so that our minds become calm.

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.

[Xampeuu]

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. and from that incident I thought and began to improve my thinking and began to learn again about good trading. 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. because the purpose of investing is to make a profit, and in my opinion, when investing it is better to use idle money, so that our minds become calm.

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've personally experienced it too, but in the end I saw what coin I was investing in. if it's like bitcoin, maybe i will hold it more calmly than i hold the meme coin. and for meme coins I will be calmer if I use a small amount of capital. so for me money management is very influential on our psychology, and that can determine our success in investing, because it can reduce panic