Mistakes that make people poor in crypto

[Domithra]

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.

[Nisa12]

to trade in the cryptococurrancy world takes quite a long time with enough patience and experience, they sell their assets because of panic who are afraid of continuous price reductions and for the rise and fall in prices is already natural in the world of trade

[yetti]

usually the problem is those who trade in panic conditions and cannot control their patience so that traders make mistakes.

[Noel26]

usually the problem is those who trade in panic conditions and cannot control their patience so that traders make mistakes.

Yes people who loss a big amount in crypto is the people who really do panic selling or maybe trading which result into a huge loss of their investment, capital, etc. Crypto can really make us poor if we don't make a great decision or moves on getting some profit on the crypto feild.

[Unknown]

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.

Yeah I agree, if investors dont need the money as emergency they can keep it holding. Let yourself be patience. Theres no loss here if you wait even it takes a years

[spark]

Stay calm and waiting for a while is good advice but still, some of these people cannot handle their emotion in the trading. They become panic when the price moves to the unpredicted area and they cannot make a good decision except selling or buying the coin. They need to be patient and not make a rush action so they can analyze the market situations.

[Zed0X]

Aside from impatience, the other one is ignorance. People easily gets hyped or fomo'ed because they just rely on other people's opinion and not do reading on their own.

[Zurcemozz]

yep most of the people starts panic sell their coin when they know that its going down, they think that once the value goes down, it can never be retrieve again or rise up again. thats why there are people who hold their token until the next value rise up again

[Dprincebh]

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.

But what of if the person is desperate in need of money and it is very urgent, what do you think will be the way out?

[Crypto]

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.

Yeah you're right, impatience is one of our biggest enemy in comes in trading or holding coins. We have to patience in order to avoid losses from out investment.

[Jaguar]

That's the another side of every holders being impatient. However, this is just in starting point for in some reason this could be nice experience as it is learning.

[Hope15]

Impatience is one of the problem of being a trader one's market goes down people got panic selling with their holding they can't wait till the price goes up.

[muneerashine]

Impatience is one of them, that we can't control our emotions and we sold at loss, but my greatest mistake is that I was very greedy when my alt touch the moon, because I wanted more and I let greed takes over in me.

[dragononcrypto]

A lot of people sold for a loss in 2014, that much is sure. The main mistake they made was not buying back in when the charts looked healthy again by 2016.
If you sell for a loss you won't want to risk buying again.

[JaymondStark]

Going on with feelings instead of leaving a coin when it is needed.

I know so many people are almost going to make love with the coins that they are hodling, and I am not kidding.

You should leave it when it is necessary.