Mistakes that make people poor in crypto

[Akicage]

Greed and impatience are the main challenges that many traders face when dealing with cryptos. Whenever you feel prompted to trade with emotions, just think  twice. Emotions and trade never go together, whether it is forex, crypto, stock or Options

[kreiskleidolon]

Yep your right  many have lost investment and profit  on crypto because they are not patients  and doesn't decide a wise decision many are going down  but if you  wait and make your decision wise maybe your down profit and lost investment could go up

[MrSpasybo]

I think there are reason:
+ Buy at the top, sell at the bottom
+ Overconfidence in inaccurate positive information
+ Keep garbage coins
+ Feed sharks ^^

[moonuranus]

Common mistakes is to invest in a coin or token without knowing it's background of expertise, first of all before anything else you must look about the team behind the project to be sure if they can further the development of the coin.

[brendann]

Lack of awareness & basic BTC knowledge, these are the most biggest mistakes done by investors while trading.

[Arybes]

The main factor in the occurrence of mistakes is our lack of processing patience and what is not less important is the greed factor of the material that is desired. So that there is poverty that is actually very unwanted.

[Dodo]

Poor status does make us less comfortable. We must try to get up and get out of that status. If so, we should not ignore the factor of patience and greed so that we keep thinking rationally in engaging in the cryptocurrency business.

[Leonardo]

I agree that impatience is one of the reason that makes us poor in crypto. But it only sounds true in trading. The more essential factor, I think, is "missing the chances". I first knew about bitcoin when its price is approx $500. In a coffee meeting with my friends, I gave them the idea to buy some bitcoins by our gathered money. But my friends scared and denied. This decision also affected me. My intention to buy some bitcoins faded away from that. Then, when bitcoin's price mooned to $19k, all of us regreted in another meeting at the same coffee shop.

[Spc]

That's right. At least we make mistakes, regrets that we get. For that we have to be patient and careful. Mainly trading in crypto.
. Don't hurry to make a decision.

[Fly_Away]

Common mistakes is to invest in a coin or token without knowing it's background of expertise, first of all before anything else you must look about the team behind the project to be sure if they can further the development of the coin.

Often, it says nothing at all, even XRP gas bad times from time to time

[cybersoft]

Impatience is one of the trending factors that lead to losses in crypto. Due to impatience, many crypto investors sell their valuable coins at cheap prices and regret later when the market rises. It is always good to stay calm and wait patiently especially when the market goes down.

I think the major problem with people when it comes down to crypto; is lack of experience, and the lack of market understanding. You know what they said, the market is a place of transferring wealth from impatient to the patient. well, they are damn right about that

[Aulore]

I also agee that impatience is one of the leading causative factors for failure in crypto trading, beside greed. Crypto trading needs one to be very patient and able to trade without emotions. You should know when to trade and when to hold on to your coins and wait for a favourable market

[Len]

I have seen a lot of my fellows who lost huge money on the bitcoin only due to their unrealistic expectations. They thought that bitcoin will reach the level of $30000 this year. It was never possible under that circumstances. They must had to trade wisely and I am really worried about those traders.

[Stuart]

Truelly, patience is a major factor that leads to be successful in crypto. Impatience will make you loss your capital/investment in no distance time. Panicking is the worst thing that will make you loss everything in crypto with just one click, and later regrets what has been done.

[kreiskleidolon]

The mistake of all people's on crypto . Is  they are not reading  example a newbie  has a new bounty and the mission is  make sure the post can manage on a every week and the newbie post and post he doesn't read the information thats been given to him............what i meant to say is make sure you read