Why Newbies Fail in Bitcoin Investing. Lessons from 2017 & 2025

[ruykeri]

In 2017, there has been a lot of discussion about Bitcoin in the whole world. At that time, all kinds of people started to know about Bitcoin through social media and many other things. Since then, the number of investors in Bitcoin has increased. Many new investors have joined. Those who made the right decisions in the right way have made a lot of profits, but many have faced losses due to wrong decisions and wrong investment methods. There were many newbies who invested a lot of money and faced losses due to lack of right decisions. After that, many of them could not get back to a good financial condition. New investors make some common mistakes and face losses.

1. FOMO and FUD: Many people start buying Bitcoin when the price of Bitcoin starts increasing and sometimes panic and sell Bitcoin when they see the price decreasing. This kind of mistake is the worst problem. Because it is not right to invest in Bitcoin on emotion. If you invest patiently in any situation, it is possible to make a profit.

2. Short-term thinking: There are many people who invest a lot of money in a short time because they want to become rich very quickly. I think this is very dangerous. Since 2017, the price of Bitcoin has been very low and high for a short time. But after a long time, the price of Bitcoin has increased unexpectedly. Therefore, all investors should make a decision to invest for a long time.

3. Proper Investment Method: Those who are new to Bitcoin invest without having the right idea and basic knowledge about Bitcoin investment. This can lead to losses in the future. From 2017 to 2025, we have seen a lot of fluctuations in the price of Bitcoin. That is why investing a lot of money can often cause losses. Therefore, you should invest regularly by following DCA with discretionary income. In this way, you will be able to buy Bitcoins of all valuations at all times at an average price.

4. Risk Management: Many people invest without understanding the importance of an emergency fund or reserve fund. They buy Bitcoin with all the money they have saved together without forming any kind of emergency fund or reserve fund. This means that if there is any kind of financial problem in the future, then  may have to sell Bitcoin due to lack of a back-up fund.

5. Media hype: Many people have invested in Bitcoin due to influence from various types of social media. Due to this, many have faced losses in the past. You should learn and research the following and invest.

6. Cycle History: While investing in Bitcoin, it is necessary to have a basic understanding of the Bitcoin halving cycle bull and bear market

7. Patience: The most important thing in investing in Bitcoin is to be patient. Many people start investing in the right way but panic due to the fluctuation of the price in the Bitcoin market and sell Bitcoin. This is because of many problems. The combined result of patience and knowledge is success.

8; Altcoin Trap: Many people who are new to crypto currency mix Bitcoin with other shitcoins. They invest in this type of fraudulent shitcoin because they think they will make a profit very soon. As a result, they face a lot of losses. Bitcoin is a proven, trusted, decentralized and secure asset. It is not just a matter of making a profit by investing, but Bitcoin can also ensure the future security of a person and his family.

9: Security: Many newbies do not have a proper understanding of Bitcoin's wallet private key and all other security related issues, as a result of which many kinds of unexpected events can occur. Popular quote not your key not your coins.
All investments should be made in the right way, with patience.

[Hypnotizer]

@OP you don raise important topic about the the reason why many people dey fail for their investment and you have listed quite enough reasons why dey do fail but Wetin I go like make I elaborate more be

2. Short-term thinking: There are many people who invest a lot of money in a short time because they want to become rich very quickly. I think this is very dangerous. Since 2017, the price of Bitcoin has been very low and high for a short time. But after a long time, the price of Bitcoin has increased unexpectedly. Therefore, all investors should make a decision to invest for a long time.

Many people for our society wan quick rich syndrome and dey think bitcoin investment is one of the rich quick syndrome and as you mentioned many people dey invest for short term and most of dem wey take am as rich quick syndrome and dey invest for short term jus hear about bitcoin for the first time through media and so dem dey see profit wey somebody get for him long term investment as same profit wey dem go also get if dem jus hold for short term which is not so,  mostly dem no too dey do research make dem learn about how to trade in bitcoin and to know which Is best between short term or long term investments. If pesin wey wan venture into bitcoin investment do proper research and learn more about it before him carry him investment money into bitcoin e go save am from unnecessary FUD wey dey make dem settle for short term investment.

If pesin do research before him join bitcoin investment e go understand plenti benefits wey dey long term investment because you can’t even compare the profit that people earn from long term investment in bitcoin to that of short term traders.

4. Risk Management: Many people invest without understanding the importance of an emergency fund or reserve fund. They buy Bitcoin with all the money they have saved together without forming any kind of emergency fund or reserve fund. This means that if there is any kind of financial problem in the future, then  may have to sell Bitcoin due to lack of a back-up fund.

5. Media hype: Many people have invested in Bitcoin due to influence from various types of social media. Due to this, many have faced losses in the past. You should learn and research the following and invest.

Risk management nah another important thing wey pesin suppose consider before him start bitcoin investment or any type of investment, lack of having liquidity for future emergencies fit cause lot of situations wey go lead to an investor selling off his investments at loss because of an unexpected emergency. So e dey very important to have a good cash flowing investment if you wan Hodl your bitcoin for long term to avoid any situation wey go make you sell your investment at loss most especially for investors wey no get financial stability, having a cash flowing investment, emergency saving funds and side hustle go help you for your long term bitcoin investment journey.

Media hype nah important something wey dey make bitcoin more popular and e dey increase the number of people wey go dey interested in bitcoin investment but mostatimes where the problem dey be say, the people wey the hype meet dem no dey do proper research before they invest and some of dem dey take bitcoin as a rich quick syndrome because of the way they see people hyping it, so they go jus enter the investment without basic knowledge about the investment and nah why mostly FUD dey catch dem especially during bearish period. People wey know about bitcoin through media go need to get a very reliable source for  news regarding bitcoin to save their selves FUD because if you just dey consume any news from any source about bitcoin e go cause plenti FUD for you and sometimes news from other sources fit be fake news and some fake news fit lead investors to losses.

[Davidvictorson]

From my experience of talking to people who are new to bitcoin some of the reasons I have come to conlclude that made them to either lose money in bitcoin or didn't get it right the first time are:

• They were pressured by their friends who gave them half-baked knowledge
• They were in a hurry to invest first and learn later and therefore, they miss the basics.
• The were afraid that they were missing out on something huge and thought that it was the means to become rich over night.
• They do not like to read but prefer to get their information about bitcoin from social media influnencers.
• They put in their whole money- their savings, house rent, school feess. Just some improtant money they knew they should have put in.
• They fail to learn from their first mistakes.

[Mhizlove]

6. Cycle History:While investing in Bitcoin, it is necessary to have a basic understanding of the Bitcoin halving cycle bull and bear market

7. Patience: The most important thing in investing in Bitcoin is to be patient. Many people start investing in the right way but panic due to the fluctuation of the price in the Bitcoin market and sell Bitcoin. This is because of many problems. The combined result of patience and knowledge is success.

As someone who is new to bitcoin investment, before venturing into it you will have to know and understand how it's works and goes taking your time to carefully learn more about the basic things on how to invest before going into the bitcoin market for an investment.

Also not just understanding how it works, it is necessary to know that when venturing into an investment, don't rush just be patient to get a good result. Although sometimes bitcoin actually fluctuates but that does not mean for you to panic, because sometimes prices will be high and sometime low due to how the bitcoin market is as at that time.
I know sometimes it's scary, especially while investing but if you want to get a good result then that's when the patience comes in because in everything you do in life, inevitably the virtue of patient must be there to achieve outstanding results.

[Egii Nna]

8; Altcoin Trap: Many people who are new to crypto currency mix Bitcoin with other shitcoins. They invest in this type of fraudulent shitcoin because they think they will make a profit very soon. As a result, they face a lot of losses. Bitcoin is a proven, trusted, decentralized and secure asset. It is not just a matter of making a profit by investing, but Bitcoin can also ensure the future security of a person and his family.

Many newbies wey dey enter into crypto no dey differentiate between Bitcoin and altcoin, because dem no really do research to learn about wetin dem wan enter. Dem just see the profit wey people get from crypto investment, and then dem just jump into the investment with their savings because of FOMO. That is the reason why many of them fall for altcoins and shitcoin investment. At some point, because of the hype wey dem hear about a certain coin, dem see the coin as their way to get rich very quickly.

The only way to avoid this altcoin trap as a newbie nah by doing your own research, and make sure you get reliable information from reliable sources. If you do good research, then you will understand the difference between Bitcoin and altcoins, and you will invest in the best (Bitcoin).

[Hewlet]

The question then becomes, has anything changed from that time to this time? investors are still allowing FUD till till this time and this is not just peculiar to entry level investors or newbies, old investors are also in the mix and easily becomes afraid whenever the price of bitcoin goes bellow their expectation. the resultant effect of that is that they either sell at loss or slow down on their accumulation because of the fear.

Fact is that any investor can fail even till the present if he refuse to learn from past mistakes and better position himself for the benefit of the present and the possibility in the future. fear of every sort destroys an investor and the wrong or a marred investment knowledge can equally destroy the investor so be you a newbie or an old investor, it is only best that become really intentional about your investment and that way, it becomes really easy cope well with everything that comes with bitcoin investment.

[Jubilee58]

In 2017, there has been a lot of discussion about Bitcoin in the whole world. At that time, all kinds of people started to know about Bitcoin through social media and many other things. Since then, the number of investors in Bitcoin has increased. Many new investors have joined. Those who made the right decisions in the right way have made a lot of profits, but many have faced losses due to wrong decisions and wrong investment methods. There were many newbies who invested a lot of money and faced losses due to lack of right decisions. After that, many of them could not get back to a good financial condition. New investors make some common mistakes and face losses.

1. FOMO and FUD: Many people start buying Bitcoin when the price of Bitcoin starts increasing and sometimes panic and sell Bitcoin when they see the price decreasing. This kind of mistake is the worst problem. Because it is not right to invest in Bitcoin on emotion. If you invest patiently in any situation, it is possible to make a profit.

2. Short-term thinking: There are many people who invest a lot of money in a short time because they want to become rich very quickly. I think this is very dangerous. Since 2017, the price of Bitcoin has been very low and high for a short time. But after a long time, the price of Bitcoin has increased unexpectedly. Therefore, all investors should make a decision to invest for a long time.

3. Proper Investment Method: Those who are new to Bitcoin invest without having the right idea and basic knowledge about Bitcoin investment. This can lead to losses in the future. From 2017 to 2025, we have seen a lot of fluctuations in the price of Bitcoin. That is why investing a lot of money can often cause losses. Therefore, you should invest regularly by following DCA with discretionary income. In this way, you will be able to buy Bitcoins of all valuations at all times at an average price.

4. Risk Management: Many people invest without understanding the importance of an emergency fund or reserve fund. They buy Bitcoin with all the money they have saved together without forming any kind of emergency fund or reserve fund. This means that if there is any kind of financial problem in the future, then  may have to sell Bitcoin due to lack of a back-up fund.

5. Media hype: Many people have invested in Bitcoin due to influence from various types of social media. Due to this, many have faced losses in the past. You should learn and research the following and invest.

6. Cycle History: While investing in Bitcoin, it is necessary to have a basic understanding of the Bitcoin halving cycle bull and bear market

7. Patience: The most important thing in investing in Bitcoin is to be patient. Many people start investing in the right way but panic due to the fluctuation of the price in the Bitcoin market and sell Bitcoin. This is because of many problems. The combined result of patience and knowledge is success.

8; Altcoin Trap: Many people who are new to crypto currency mix Bitcoin with other shitcoins. They invest in this type of fraudulent shitcoin because they think they will make a profit very soon. As a result, they face a lot of losses. Bitcoin is a proven, trusted, decentralized and secure asset. It is not just a matter of making a profit by investing, but Bitcoin can also ensure the future security of a person and his family.

9: Security: Many newbies do not have a proper understanding of Bitcoin's wallet private key and all other security related issues, as a result of which many kinds of unexpected events can occur. Popular quote not your key not your coins.
All investments should be made in the right way, with patience.

As a newbie you don't have to jump into investing in bitcoin without having a prior knowledge of how bitcoin investing works. Bitcoin investment requires having some knowledge before you can actually make reasonable profit, otherwise you are definitely going to fail or make a very big mistake.
 
Gathering some knowledge is very necessary, and there are places that you can gather these information to enable you be able to invest and achieve your financial goals and objectives, and some of these places that you can gather this knowledge could be from youtube,  from experts in bitcoin, and when you equipped yourself with these knowledge, you will be able to do well in your bitcoin Journey.