Lack of knowledge is a bitch

[CryptopreneurBrainboss]

Not surprising that when it starts to see some downward trajectory, they'll panic and hurry to sell off, making no profit at all or in a lot of cases, end up with a loss. People like that haven't got the guts to watch the price of their investment rise and fall multiple times.

People are just scared of losing and that's what pushes them to take some unrealistic decisions that to them, they're the real deal. Like people thinking the best time to enter the market is when the market is moving but not realising that that should be the exit because the real profits have already being made when the market wasn't moving.

Smart investors enter the market when people are running away and then sell when people are coming back to buy. When you buy in the bloodbath, you're positioning yourself to make profits in future gains of the market and by that time, you don't have to be concerned on how the market is doing. Waiting for pumps to big is wrong and shouldn't be practiced or you'll end up getting dumped on sooner than you think.

[Adbitco]

Smart investors enter the market when people are running away and then sell when people are coming back to buy. When you buy in the bloodbath, you're positioning yourself to make profits in future gains of the market and by that time, you don't have to be concerned on how the market is doing. Waiting for pumps to big is wrong and shouldn't be practiced or you'll end up getting dumped on sooner than you think.

Here is the place where people are missing it because investment is something one should become smart and active in the market, on a norm investing when there is bloodbath is the coolest time to make decision towards their investment but instead lot of people distance the market when it makes changes without them knowing that such moment is the appropriate moment or time to utilized the market with its price changes. If you check on my previous discussion I actually made mention where the smart people can easily make profits from the market without waiting for he market to get to their required place in mind before they could end up not holding or having any bitcoin on their portfolio.

[liasbaa]

Not surprising that when it starts to see some downward trajectory, they'll panic and hurry to sell off, making no profit at all or in a lot of cases, end up with a loss. People like that haven't got the guts to watch the price of their investment rise and fall multiple times.

People are just scared of losing and that's what pushes them to take some unrealistic decisions that to them, they're the real deal. Like people thinking the best time to enter the market is when the market is moving but not realising that that should be the exit because the real profits have already being made when the market wasn't moving.

Smart investors enter the market when people are running away and then sell when people are coming back to buy. When you buy in the bloodbath, you're positioning yourself to make profits in future gains of the market and by that time, you don't have to be concerned on how the market is doing. Waiting for pumps to big is wrong and shouldn't be practiced or you'll end up getting dumped on sooner than you think.

You are right. People are afraid of losing only because most of them are new investors. Investors who know about the entry and exit periods in the market are experienced. Many of them may make mistakes in making the right decisions but those who can practice the market and are involved in investing for the long term.

People who are afraid of losing mostly enter the market with the hope of getting rich and invest in them by making lump sum purchases.It would be the right decision to use a small amount of their funds for investment in their inexperienced state because they are still learning.

Smart investors do not consider the time of increase or decrease in price they invest regularly especially they use discretionary funds to invest in Bitcoin. They do not determine the exit period yet because many of them are determined to accumulation Bitcoin until the state where they have a source of income.

[Precious236]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

I bought a soon to be coin because they are currently building their own block chain so I'm not going to say I bought a coin. So I bought this token at $0.005/token that was when bitcoin was still around $110k, bitcoin was retrenching due to the trade war tweet by Trump and I had speculated that we were going to see some spike in price after it died down but instead more retrenchment came blazing hot. Normally I wouldn't have sold but situation made me, (you know how the country be na) so I was forced to sell at a loss because I needed the money for something important. Truly, it's not always as it seems that people tends to sell at a loss, sometimes emergency can actually make one to sell even at a bigger loss just for the person to solve that particular need. Na who dh alive dy save for rainy days.

[Tyatya]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

You know the mistake most of this kind of traders make is that they are always desperate to make profit most of them don't even know how to analyze market so when most of them get into there lost is like higher than there win but I think with proper education that can be handled

[Byebyebtc]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

I keep on saying that knowledge is very important. knowledge comes before money and it is very important to understand what you are investing in, or understand the business you are working in.

Nevertheless real traders with good knowledge will understand that you have to wait for a retracment before you take a buy and the market will have to show signs of going down before you take a sale. This form can as well be a good source of these types of knowledge.

[Iamgoat]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

I keep on saying that knowledge is very important. knowledge comes before money and it is very important to understand what you are investing in, or understand the business you are working in.

Nevertheless real traders with good knowledge will understand that you have to wait for a retracment before you take a buy and the market will have to show signs of going down before you take a sale. This form can as well be a good source of these types of knowledge.

If there is anything I respect in this world, it is the power of knowledge and where knowledge can take you. Anytime I have the chance to advise my younger ones I don't delay in telling them the advantages of knowledge and where the right knowledge can take you to. I called it the right knowledge because there are some information we seek in terms of knowledge which have little help or impact in our lives. Learning how to become a cobbler when your passion is more grounded in agriculture could be a total waste of time and knowledge because it might have little or no impact on your career or your life entirely but trust me, acquiring good knowledge and the right time is really helpful and can save you millions of dollars now or in the future. I will not want to joke with the aspect of knowledge and skills with my children whether it's trading or investment knowledge or it is a different skill entirely which will set them apart, it is good to always acquire the right knowledge.

[Borbb]

Perfectly said by Barikui1 is very correct because they're some person's who only buy and invest coins when the market value is higher and later sold it back when they noticed low market value changes, not knowing is selling at lost like example now if Bitcoin drops to 100hundred and you bought it at 120,000.00USD then because of the unstable market rate you rush to sell it 90,000.00USD and the end Bitcoin Still increases to 170,000.00 USD per Bitcoin as at that point you will be totally disappointed lost and with so many regrets. Do you know they're some investors that only use do short term investments because they're always afraid of losing.

[Gentle_Soul]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Even the bible say my people perish because of lack of knowledge, that's to show how important it is to seek knowledge at every cost possible.  When it comes to investments and trading and Bitcoin you need the best of knowledge to push through you can not achieve greatly with little or no knowledge of what it entails.
As an investor you should be able to know what time to invest in a particular project same thing with a trader the knowledge of when to buy and sell your crypto currency saves you a great deal

[AGogi2003]

The fact is that knowledge is the key to everything. Whenever a person comes to do in this life, either business or investments, he/she must have some knowledge about it in order to make the business move well. There are a lot of people who struggle to join the investment without knowledge; at the end of the day, they don’t get what they want in the investment why. It is because of lack of knowledge.

But some think that money is everything. That’s why once they’ve got capital to start up a business, they just rush into it without knowing the basics of the business or the investment that he/she has interest in, and they’re expected to become successful in the future. How is that going to happen way they are lack of background knowledge.

If you don't have knowledge what you want to invest or trade or probably business you will always find it difficult to understand and at ends you will lose everything we need to have knowledge and experience about what you want to do so that he can be easy for us to understand and achieve our goals easily. Many investors that are smart enough usually sell when people are buying and when they selling he will be buying that is the power of knowledge we need to be smart enough to know what we are doing. I can probably sell money can do anything for you because with money anyone that is under you will definitely guide you through because of your money, because they have alot of rich people that are not educated but they are rich and do anything they like and buy, but knowledge will always make this easy for you to understand and get profit.

[Claudksg]

Most traders don't understand the time,when to hit there shot most times miscalculation make most traders to miss when to buy and when to sell.if I may say there are people who has passed the road you are passing right now,so if you don't have knowledge about it you ask questions.you learn as they may say experience is the best teacher.so get knowledge from who has the experience then you are good to go.A popular saying my people perish because of lack of knowledge.

[Pikiboy]

I agree with your post and I think what most investors needed or required is knowledge they lack knowledge you cannot just assume knowing it all knowledge in investment is very important and also make an investor smarter,a man without knowledge is just like a tree without fruit, you keep struggling thinking what you are doing is the right decision, perhaps if most investors seek for knowledge i think it will help strategize themselves while doing investment cause if you don't plant on a planting season you cannot have more fruits same thing is applicable to Bitcoin investment.

[Derekfunds]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

You know the mistake most of this kind of traders make is that they are always desperate to make profit most of them don't even know how to analyze market so when most of them get into there lost is like higher than there win but I think with proper education that can be handled

Every traders mindset and intension is to make profit and they don't care the risk involve but they just believe and  hope on that and sometimes they make a lot of profit while sometimes they make loss but one thing is sure and that thing is that you can not determine your loss and your profit in trading but loss can be reduce but it depend on your level of knowledge and understanding on how trading works and how strategic you really are in trading. Going into trading without a good knowledge and understanding will result in a big loss because you really need to know at least.... Before going into it.

[Out of mind]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

When a person does this, it is because they definitely lack knowledge and experience, because an experienced person will never buy from a high position and sell in disappointment after seeing the market fall. Spot trading requires a lot of knowledge, when if an unreliable coin is bought from a high position, it is very difficult to expect profit from it. However, if its value stops for a long time and if it does not enter the high, then it is better to sell it at a loss and later invest in reliable coins. However, it is never possible to make a profit by trading and investing in unreliable coins, that is why it is better to invest in those coins that have reliable points in the market and have a good future.

[Uhwuchukwu53]

Op I recounted my mistake of this ignorance during my newbie, while using spot trading and realized that ignorance is the major factor while many today even in the crypto couldn't make much gain but losses.FOMO is dangerous thing but certain knowledge override it because the courage to stand will be stronger over FOMO. The reason why most trader enter the market even when it's green that they would have sell to make profit is as result of over exergirating, when the market turn out against the target it leads to rush to catch profit during the movement of the trend as it continues green, not knowing there will be lesser profit likely more lost compared to buying when it's red and sell of at green.

[DYOR+BTC]

One unique quality of human is there ability to adapt to any situation we find ourselves no mather what.  Bitcoin is a digital currency that maintains a transparent transaction records  and decentralized policy which uses blockchain to enable peer - peer transaction without the authority of a traditional banking institution, which requires high level of experience to practice.

A lot of people that wish to get involved in bitcoin finds it difficult investing because of lack of knowledge in it, which I know can still be overcomed when willing to fight  that challenge responsible for lack of bitcoin knowledge

[Mpamaegbu]

...they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green...

The ability to fit know all dat na im dey distinguish a profitable trader from a non-profitable trader (AKA, loser). Dat knowledge and awareness nor dey come easy oh. E dey take time and sometimes dat time dey run into years to acquire dat knowledge. Trading nor dey easy and na why I dey refer to am as a professional career like medicine, engineering, law, etc. For those wey think sey na easy thing wey persin fit just enta and begin earn within days or weeks, how far?

To find low entry points nor be beans. E dey come with practise from analyzing d market.

[ejikeme24]

Not surprising that when it starts to see some downward trajectory, they'll panic and hurry to sell off, making no profit at all or in a lot of cases, end up with a loss. People like that haven't got the guts to watch the price of their investment rise and fall multiple times.

People are just scared of losing and that's what pushes them to take some unrealistic decisions that to them, they're the real deal. Like people thinking the best time to enter the market is when the market is moving but not realising that that should be the exit because the real profits have already being made when the market wasn't moving.

You're right, some people seems to proclaim that the perfect time to make entry is when the price is down not knowing that they are actually making the wrong entry. The Best entry point is when the market is still facing some correction or maybe during the dip but I'm not advising anyone to wait for this time before making his entry, so long as you have your discretionary funds available you have absolutely no time to waste than to get started without considering the market situation. But I must be specific with the kind of investment I'm talking about here which is (Bitcoin investment) as this method can not be helpful in other crypto investment.

[Yeesha]

One unique quality of human is there ability to adapt to any situation we find ourselves no mather what.  Bitcoin is a digital currency that maintains a transparent transaction records  and decentralized policy which uses blockchain to enable peer - peer transaction without the authority of a traditional banking institution, which requires high level of experience to practice.

A lot of people that wish to get involved in bitcoin finds it difficult investing because of lack of knowledge in it, which I know can still be overcomed when willing to fight  that challenge responsible for lack of bitcoin knowledge

Being knowledgeable is also one of the great things that makes our life easier, because it will limit your losses and save you from making uninformed or wrong decisions. Some people see the concept of acquiring knowledge as a complete waste of time, thinking that by then they would have gone very far with their interests or trading. This kind of mindset occur due to greediness and willingness of chasing unrealistic expectations. The mindset of becoming rich quickly or easily is what lead or motivate some people to make uninformed decisions.

[Progress101]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Buying when the market is green is pure herd behaviors, not even a strategy, when people see candles flying, FOMO kicks in and they rush to buy at or near the top. Then the moment the market retraces, which it always does, panic sets in and they sell at a loss. That cycle alone wipes out most spot traders. The funny problem most of them have is that they dont want to buy when it feels uncomfortable. Red candles look scary , green candles feel "safe", even though its the opposite. Spot trading requires patience and timing, not excitement (it will do you no good at all).

As a spot trader, until you understand that every phase has its purpose, (accumulation, expansion and distribution), you will keep donating money to the market. Buying and selling both have their time and missing that reality is why losses repeat