Why do even the wise lose in Bitcoin investment

[Rubuchi]

Wise people hardly make mistakes because they ask questions when necessary and they do their own research without jumping to conclusions. If you see someone who you think is wise, lose in a bitcoin investment, know that he is doing something he isn't supposed to do out of ignorance or greed. And surely, this wont be his first time in Bitcoin investment. He lost because he wanted to make more profit than he had made before.

ignorance is not just a disease, it can be harmful to you and deter your chances of becoming successful in all ramifications. When you are ignorant of something and you don’t seek knowledge, sooner or later you will become gullible and act stupidly without even knowing that you do so. If you don’t want to make a mockery of your own self then you must learn be smarter than just looking at things from its surface level without having a deeper insight towards.

[Miles2006]

Bitcoin investment is center on volatility, price fluctuation as usual, anyone choosing to invest in bitcoin must know the basic knowledge first and this part is also a common knowledge. I doubt if investors panic all the time unlike trade that needs the market to be in a good condition, traders are likely to fail in this condition because they always see the market price as an opportunity to sell while they sell in loss, at the end they don’t make much profit instead of holding not minding the price fluctuation. Certainly the statement is not wrong, many investors who also claim to be wise end up losing everything although not all associated with volatility rather security still matters as this is a common problem.

[Fivestar4everMVP]

Making decisions based on emotions like selling at low prices and buying at high prices is a big problem for investors. If investors can make good decisions about these two things in their investments, then it is possible to get good results from their investments. I am interested in contributing your feedback on this.

Well, the thing is that the issue of buying high and ending up selling at a lower price is always a personal decision or choice, and sometimes, going for decisions like this can have absolutely nothing to do with emotion, it could be simply due to some personal issues the investors finds himself in which may be a matter of life and death.

While on the other hand, decision like this can be a way to save what is left from going down the drain, this is one I've been a victim of a couple of times, there is this common proverb in my place that states that "when a fish you caught tries to fall back into the water, try as much as possible to cut it's tail so you don't end up being the one losing everything.
Likewise you can invest in a crypto project and for one reason or another, the project gets abandoned and the price crashes, are you going to keep holding that project's asset or are you going to sell to save whatever amount left  from being lost as well?

[NewRevelation]

In the field of investment, it is not enough for an investor to have good knowledge about Bitcoin. There are some investors who know well but they could not succeed in investing and the root of this is the human tendency to make decisions based on emotions. In this discussion, I would like to discuss the emotions of investors.

There are many investors who can make good plans but only plans cannot bring success in investing if that plan cannot be implemented. A very familiar word in the Bitcoin market is that it is volatile and this volatility should be considered naturally. But investors react to this volatility differently due to which the results do not come as expected.

The factors associated with Bitcoin volatility

When the price increases, FOMO is created among investors. They think that Bitcoin may go beyond their limits right now. If they cannot buy at that time, they will not be able to buy Bitcoin or they may lose a big profit. This type of FOMO is created with the increase in price, which can cause losses for the investor.

If the price decreases, then many think that they may be facing a big loss, which is why their panic sale starts at that time.

Some people hold the profit in the hope of more, which later leads to losses. As these problems constantly circulate among investors, they are prevented from getting the expected results from their investments.

Making decisions based on emotions like selling at low prices and buying at high prices is a big problem for investors. If investors can make good decisions about these two things in their investments, then it is possible to get good results from their investments. I am interested in contributing your feedback on this.

In responding to your question as stated by the topic, I would say this..

1) Bitcoin is volatile and not anyone can predict it's next price movement, and so, does not give anyone the chance to know when best is the time to invest to make good profit out of it, thus, there are bound to be looses no matter your level of understanding since we can't dictate for Bitcoin when to increase or reduce. And that's is why long term investment plan has been the best, setting parameters on ground that will enable you buy and HODL for long, so that, hopefully, you can enjoy the dividends of your investment.

2) whatever you know, is for your self and not for Bitcoin. So you may know a lot, a pro and what have you, but if you are not careful enough to invest rightly and with the right money, then you might run into liquidation when the price turns negatively against your wish. This has made many to panic sell and sometimes, even in losses.

3) Some have recorded great losses due to there high level of greediness. Maybe Bitcoin price is low now, and they want to buy aggressively so that they can make much gain later, and they go aggressively into the market, even when they don't have extra money for such buys. Some even go as far as borrowing to achieve this there aim, and after doing all that, and the price keeps falling the more day by day, and in a bid not to lose completely or to save some money left, they sell in loss. It is wise to invest within your means and what you can afford

[SPIDERMAN008]

Bitcoin investment is center on volatility, price fluctuation as usual, anyone choosing to invest in bitcoin must know the basic knowledge first and this part is also a common knowledge. I doubt if investors panic all the time unlike trade that needs the market to be in a good condition, traders are likely to fail in this condition because they always see the market price as an opportunity to sell while they sell in loss, at the end they don’t make much profit instead of holding not minding the price fluctuation. Certainly the statement is not wrong, many investors who also claim to be wise end up losing everything although not all associated with volatility rather security still matters as this is a common problem.

You are right, the volatility of bitcoin's price is quite common. The price can drop a lot even when it is at ATH. And if the price drops or rises, the value of holding bitcoin looks lower or higher, but if someone panics and sells it in that situation, then the real loss he will face .

So before investing, we should definitely start buying bitcoin with a long-term holding mentality. And should accept the volatility of the price and keep us calm. Bitcoin investment should not be left to luck like gambling or trading.

[yixichloro2xx]

You really explained the emotional side of  investing accurately. It's easy to understand the basics about Bitcoin, but matters is if you don't allow emotions to control your actions. The main cause of these can be attributed to fear and greed.  You are afraid that Bitcoin might dip further, so you pull out all your money, or you jump in to Bitcoin blindly due Fomo all because you want to make quick money. That makes people to lose money faster. The best thing is to have a good plan before entering Bitcoin, figure out your discretionary income in which you will use to accumulate Bitcoin steadily and consistently. If your plan is to get short term profit from Bitcoin even after all the knowledge you have gotten, you will have higher chances of losses than win. As an investor if you don't want to have constant emotional breakdown, you should your investments goal into long term because the risk is lower and gains are bigger if done properly.

[WhoYouCantKill]

The wise people can not lose in bitcoin investment because such people would have researched and know how to invest in bitcoin.

Some people are traders but they are calling themselves investors is the reason they are losing.

Just buy bitcoin, and as the price is going down, buy more but they will not buy more but they will be panic and sell.

One thing most folks never understand is that bitcoin investors never really lose, except they diversify to trading or they sell too early. But as long as they are able to remain consistent, they’ll definitely recover every penny that went down the dip.

And the best part is that, this has nothing to do with being wise, because even the wisest man can make a slight mistake that’ll cost him a fortune. All it requires is one who’s willing to do their due diligence and remain disciplined and consistent, which is very possible, even for one who’s not all that wise.

[Achalugo BTC]

ignorance is not just a disease, it can be harmful to you and deter your chances of becoming successful in all ramifications. When you are ignorant of something and you don’t seek knowledge, sooner or later you will become gullible and act stupidly without even knowing that you do so. If you don’t want to make a mockery of your own self then you must learn be smarter than just looking at things from its surface level without having a deeper insight towards.

Of course, ignorance makes people to even go broke, because they feel that they got all they want in life to scale through, which they think they might not need any help again, forgetting that acquiring knowledge and understanding about something is very important and necessary, as it will direct and guide them in doing the right thing at the right time and which will help them in achieving their goals and also got some experience that will be useful to them later in life.

[Somto9Light]

Bitcoin investment is center on volatility, price fluctuation as usual, anyone choosing to invest in bitcoin must know the basic knowledge first and this part is also a common knowledge. I doubt if investors panic all the time unlike trade that needs the market to be in a good condition, traders are likely to fail in this condition because they always see the market price as an opportunity to sell while they sell in loss, at the end they don’t make much profit instead of holding not minding the price fluctuation. Certainly the statement is not wrong, many investors who also claim to be wise end up losing everything although not all associated with volatility rather security still matters as this is a common problem.

Knowing that Bitcoin is volatile in nature and ignoring that fact will make one to experience losses, which will make them unprofitable because they lack to apply the knowledge they got rightly, which they are likely to fall into traps that will cut their journey short. So, its best for one to always apply the right knowledge in their investment, which includes patience, determination and security, which they are to prepared themselves, which will sustain them in that journey.

[icebar]

Due to high volatility, there will naturally be excitement among investors. It is natural that many people can make mistakes in investing. If someone understands Bitcoin well, it will be difficult for them to make mistakes. It will be difficult for a person who knows that if he tries to hold Bitcoin for the long term, he will be profitable by investing in the short term. Therefore, those who have knowledge can make common mistakes, but the percentage is very small. In most cases, those who invest in Bitcoin with new or little knowledge are the ones who are emotional. They fail to control their emotions.

[ASloveapg]

Bitcoin investment is center on volatility, price fluctuation as usual, anyone choosing to invest in bitcoin must know the basic knowledge first and this part is also a common knowledge. I doubt if investors panic all the time unlike trade that needs the market to be in a good condition, traders are likely to fail in this condition because they always see the market price as an opportunity to sell while they sell in loss, at the end they don’t make much profit instead of holding not minding the price fluctuation. Certainly the statement is not wrong, many investors who also claim to be wise end up losing everything although not all associated with volatility rather security still matters as this is a common problem.

Knowing that Bitcoin is volatile in nature and ignoring that fact will make one to experience losses, which will make them unprofitable because they lack to apply the knowledge they got rightly, which they are likely to fall into traps that will cut their journey short. So, its best for one to always apply the right knowledge in their investment, which includes patience, determination and security, which they are to prepared themselves, which will sustain them in that journey.

I agree with you, just gaining knowledge in investing is not enough, if that knowledge is not applied in practice, everything is worthless. In fact, we should not do anything outside of reality, Bitcoin is volatile and its movements in the short term are very unpredictable, so trying to make short-term profits from it would definitely be an unrealistic task. That is why we should definitely not do anything like this, patience, knowledge and a realistic mindset, everything is needed to survive in an investment.

[Queen uloma]

Wise people hardly make mistakes because they ask questions when necessary and they do their own research without jumping to conclusions. If you see someone who you think is wise, lose in a bitcoin investment, know that he is doing something he isn't supposed to do out of ignorance or greed. And surely, this wont be his first time in Bitcoin investment. He lost because he wanted to make more profit than he had made before.

ignorance is not just a disease, it can be harmful to you and deter your chances of becoming successful in all ramifications. When you are ignorant of something and you don’t seek knowledge, sooner or later you will become gullible and act stupidly without even knowing that you do so. If you don’t want to make a mockery of your own self then you must learn be smarter than just looking at things from its surface level without having a deeper insight towards.

You Dey correct, ignorance no be only limitation to human growth, e fit Dey harmful and e fit hinder ur chance to achieve success for all area of your life. When you remain unaware of important knowledge and u no make effort to learn, u fit end up to make poor decisions without u knowing. For u to avoid making mockery of yourself, e Dey important to seek understanding and develop d habit to look beyond the surface, e Dey good to get good insight for Situation before forming conclusions.

[Sonia_123]

You sey him wise, wetin make you feel sey him wise because if him wise, him nor go lose Bitcoin investment.

Wise people na people wey nor dey take chances all but make sure sey dem dey succeed for anything wey dem dey do and how dem go do to take see sey dem Bitcoin investment dey grow as dem want am because Bitcoin investment nor be anyhow investment wey person go do anyhow.

[riscohen4]

A lot of people forget that knowledge isn't only the only thing that's important when it comes to Bitcoin investment, emotional discipline and understanding Market psychology plays a huge role as well. There are people that understands the market, they know how to analyze by reading the charts and having a clear strategy but they make mistakes that they end up regretting because emotions don't make them think logically. Lack of emotional control mostly exposes you to greed and also panicking when the market goes through a down trend.

True talk, knowledge alone nor carry you reach anywhere if your mind no strong.
Person fit sabi and understand Bitcoin die, get clean strategy, but once greed or fear enter, everything go just scatter. Na there discipline and psychology come in.
At the end na who fit control himself pass go last for this game. not just who sabi pass.

[sotelorene]

The wise people can not lose in bitcoin investment because such people would have researched and know how to invest in bitcoin.

Some people are traders but they are calling themselves investors is the reason they are losing.

Just buy bitcoin, and as the price is going down, buy more but they will not buy more but they will be panic and sell.

I don't really fancy the word "wise " again being wise doesn't mean someone is exempted from making mistake sometimes, also another thing is being wise in a mischievous way because there are sense that is bad and wrong such as having the sense of greed because this can cause problem in the process of trying to make out something bigger or huge (gain or profit ) when you knew it is very difficult. Sometimes too it is mistake, after all we are humans and there are situation we will find ourselves we can take decision that we are not suppose to take untill will see the result or outcome of it.

[Inior]

Let's say people see bitcoin as a very risky asset that's why the end up using their emotions to invest. That is just the mindset of a trader and investor ought to be calm, however those who think they want to invest and ends up having same emotional drama are traders by default but if they want things to change in their lives and the way they approach bitcoin then they should work on their mindset and learn to grow thick skin by sticking to knowledge rather than using emotiona to make decisions

[Dr.Bitcoin_Strange]

If the wise would lose their Bitcoin for this reason you gave (emotional immaturity), then they were never wise in Bitcoin because when someone have a very concrete knowledge about Bitcoin, it's difficult for such person to lose their investment because of FUD, the only situation where the person might lose their coins is in terms of some mistakes that exposes them to scammers which sometimes results to lost of funds but a deep knowledge in all of these will protect the person and their asset.

[Sticky Bomb]

Making decisions based on emotions like selling at low prices and buying at high prices is a big problem for investors. If investors can make good decisions about these two things in their investments, then it is possible to get good results from their investments. I am interested in contributing your feedback on this.

Basically, I believe what you have narrated is how our emotion play play fast one on the investor and truly emotion can also be to the advantage of the investor just as it can put fear on the investor and make him exit his hodling too fast and no sooner than later, the price begins to appreciate. I don't blame volatility in bitcoin as the problem because an investor expects the volatility because that is what will make the price to appreciate but what matters is how long the investor is willing to wait. A short time investor in bitcoin is likely to lose if his target is not filled and he goes off early but most longtime hodlers make profit from bitcoin and not losses.

A short-term investor in bitcoin is not a wise investor. Bitcoin is for the long-term and investors should focus on the long-term and not trouble themselves unnecessarily when the markets is correcting itself either in the upward or downward direction. FOMO and Panic sell is felt more by those who invested into bitcoin with what they cannot afford to loose and that includes those who invested with funds meant for their expenses, which is why we are constantly advised to invest into bitcoin with only a fraction of our discretionary income so we can go into it for long. I agree that even from price history, long-term holders are not losers, so we should attempt replicating that same setting to increase our chances at profitability.

[riscohen4]

A lot of people forget that knowledge isn't only the only thing that's important when it comes to Bitcoin investment, emotional discipline and understanding Market psychology plays a huge role as well. There are people that understands the market, they know how to analyze by reading the charts and having a clear strategy but they make mistakes that they end up regretting because emotions don't make them think logically. Lack of emotional control mostly exposes you to greed and also panicking when the market goes through a down trend.

True talk my guy. knowledge alone nor dey save person from this market tbh.
You fit sabi chart finish, know all the setups, even get solid strategy. but once emotion enter, everything go just scatter. Na there greed go push person to wan dey trade, instead of am to invest.
I don even see am happen plenty times. person go plan he investment plan well, but as market start to dey move small against am, e go dey panic.  Na why discipline dey more important than people think.

[abaeze]

One thing needs to be clarified, there is a big difference between having knowledge and being a successful investor because Knowledge says 'what should be done' and Emotion decides 'what you will actually do', but those who can continue investing patiently and disciplinedly for the long term are the successful investors. However, this idea of ​​taking quick profits means loss is not entirely correct because if someone exits with 20% profit, it is not a loss but a profit. But the problem arises when entry is taken without a plan or strategy and exit from the market with emotion. Finally, to be a successful investor, one must have Knowledge, Discipline and Emotional control, otherwise it is not possible to become a successful investor with knowledge alone.