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Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: superstarsp on October 13, 2020, 01:05:02 PM

Title: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: superstarsp on October 13, 2020, 01:05:02 PM
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6 Most Common Mistakes That New Bitcoin Traders Make


Are you thinking of getting started in the world of crypto trading? If so, make sure you avoid the most common mistakes.


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Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: damsix on October 14, 2020, 02:10:27 PM
I have read the article and it really reflects that the traders are very thirsty and greedy for profit or money.
Even though the profit or as little as 10 USD in Bitcoin trading is very high. So we have to choose these benefits as a meeting point so we don't get caught up in high prices.

Many greedy merchants end up losing the price of Bitcoin by buying altcoins at their peak !
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: mlawson71 on October 14, 2020, 05:38:07 PM
What are the mistakes?
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: cynthiaaddison on October 14, 2020, 10:46:53 PM
Greediness, FOMOing in, buying high and selling low is the new normal for some traders
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: alltalk on October 14, 2020, 10:58:17 PM
I think @superstarsp needs to write or explain it in his own way in OP. You can't share the link only without explain it to others. It is a bad way if you just share the soure of the information only. We need to know first about your point of view realted to this issue. Then, all the members will appreciate what you have done.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Prime on October 14, 2020, 11:46:56 PM
It is better to also give an explanation on this thread, not only giving a link to be read. It is better to give a summary of the article at least it si about what to have or sell. In this case, newbies and also older members may have their own time to buy crypto. But here, before investing, we must learn them at first
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Alter on October 14, 2020, 11:57:20 PM
Many new traders hurry to invest or trading in Bitcoin. They still don't have enough knowledge or skills in investment or trading, they just know how to buy and then hold without any strategies. In my opinion, this is something wrong because you really invest in a careless way. You can have too high risks to fail in the investment.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Master107 on October 15, 2020, 07:39:54 AM
Hello OP, you did great. But I recommend next time to include few backgrounds about the shared link to become more attractive and interactive topic to discuss. It helps a lot to every readers and possible to appreciate much your  thread.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: EthereumDev_ on October 16, 2020, 09:12:23 AM
I think this is very important information for new traders so that it can make them learn very important lessons so they don't make that mistake again.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Abubakar56 on December 01, 2020, 09:26:06 PM
There are lots of mistake been made by new traders for example not know much about the coin they are buying Greediness, FOMOing in, buying high and selling low is the new normal for some traders.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Piku on December 02, 2020, 07:36:05 AM
I still don't understand some of the details. But you need to give more details here. Then I think all users will understand. You tell more details.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: edmundo on December 02, 2020, 10:56:25 PM
Most new people in the space believe bitcoin and cryptocurrency generally is easy and a sure fire way to make money. Some get burnt in the process and then turn around to call the crypto space scam. All investments need some sort of knowledge and should strictly be treated as investments. Learn before you part away with your funds towards investment. That's the only way you win...
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Churphans on December 04, 2020, 05:00:21 AM
What are the mistakes?
New traders, investors and holders don't control greediness. They buy at low prices but set orders far far more than buyorder hence he must get losses.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Ronald on December 04, 2020, 05:39:52 AM
There is no mistakes is written here but i can assume those things are the common mistakes for bitcoin traders. New bitcoin traders make their trade hurry up. In trade they don't think about the market condition. They don't care about the price chart. Most of the new bitcoin traders can not control their mind to trade in bitcoin.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Cordillerabit on December 04, 2020, 07:25:32 AM
i think much helpful if you write it all the info here not only the link bro.  ;)
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Nostoman on December 04, 2020, 07:51:29 AM
i think much helpful if you write it all the info here not only the link bro.  ;)
Yes, i agree with you.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Abubakar56 on December 23, 2020, 03:37:59 PM
One of the mistakes newbie make when trading is not knowing when to leave the market, fomo, not knowing the best time to buy a coin and sell a coin.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Sammy9ce on December 28, 2020, 11:08:16 PM
It is better to also give an explanation on this thread, not only giving a link to be read. It is better to give a summary of the article at least it si about what to have or sell. In this case, newbies and also older members may have their own time to buy crypto. But here, before investing, we must learn them at first
Thanks for this
Not everyone has that time to open a new tap to read the article at least he should have dropped a little explanation or drop a summary.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: emmybd on January 16, 2021, 08:21:15 AM
Most of these new traders are impatient and they want quick profits, which is not possible. They have primarily entered the market for this purpose. They lack knowledge and experience in this field, so they fail.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Duckenth on January 17, 2021, 06:31:42 PM
Most of these new traders are impatient and they want quick profits, which is not possible. They have primarily entered the market for this purpose. They lack knowledge and experience in this field, so they fail.
And it was me, very in a hurry to make decisions and want to make big profits fast. And that actually makes me lose when trading, it looks like high flying hours or experience are really needed in trading Cryptocurrency.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: sky20 on January 18, 2021, 08:42:19 AM
I just want to share some key points those are the common mistakes which are generally occurred.

1. Not expecting the unexpected, 
2. Not keeping track of relevant news releases – denying the importance of news
3. Not being prepared
4. Failing to adapt to changing markets
5. Not understanding the difference between long term and short term perspective
6 .Not using a trading journal
Those are the common mistakes so we should avoid it.
 
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: H2O on January 18, 2021, 01:19:22 PM
Actually in cryptocurrencies market a little knowledge is a dangerous thing. In cryptocurrencies market, trading and investing actually depends on market situations and signals. More greedy, lack of knowledge, communication and shit coin holding is the main mistakes of cryptocurrencies .
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: msz900 on January 18, 2021, 04:15:35 PM
The most common mistake is greed and doing things in the crypto world without knowledge. Cryptocurrency is considered a game, joke or some funny act by new users and that's the reason they always fail and disappointed.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Amir77 on January 19, 2021, 07:14:30 AM
It stresses me out by knowing that many people quickly jump to investing in Bitcoin without actually studying it first. yes, it may have a high value but there is so much more to it that should be learned before it should actually be invested in. It's worth it, really, especially if you studied about it first.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: nelson4lov on January 22, 2021, 10:08:40 AM
I think @superstarsp needs to write or explain it in his own way in OP. You can't share the link only without explain it to others. It is a bad way if you just share the soure of the information only. We need to know first about your point of view realted to this issue. Then, all the members will appreciate what you have done.
I agree with you, this seems like a click bait just to get traffic to his site, telling us to visit his site in other to see the article he should have just posted right here  :o, it would been better if he posted it right here, cause I believe it would have been really helpful to newbie traders, sadly they have click the link to find out.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Coin63@ on January 22, 2021, 03:33:16 PM
What are the mistakes?
More greedyness is the most aggressive bad habits in cryptocurrencies trading. When we bought a token with buy orders or any others order, we hold it for getting more and more Profits. So finally it's turns into shit projects then we got nothing.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: maicodon on January 27, 2021, 06:41:50 PM

In my opinion, the market is one HUGE smoke in mirrors right now.
Trade with caution and with some common sense. If you can't afford the risk, exit your positions and stake your assets with Oropocket for passive income. Check out OroPocket app on your app store or https://oropocket.com
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Abubakar56 on February 04, 2021, 11:04:07 PM
There are lot's of mistakes people That trade bitcoin make firstly; buying at the top and selling at low price people always buy coin at the top and selling at lost below due to panic or fear of the price dropping. Don't always fomo don't always jump to market when the coin is already pumping they might end up dumping on you. Don't always be gready always know when to sell off and take your profit. Always make sure you use stop lose is better to lose 10% of your fund than to lose 70%.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: EAA-ALLAH on February 05, 2021, 07:28:16 AM
What are the mistakes?
A new trader don't control his greedyness. If he gets enough profits by investing any project , he should control his greedy to over profits.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Bolopecah on February 08, 2021, 06:33:39 PM
People made mistake and learn after that. It’s common and normal. I think mistake is the part of learning. So,  i can't hate mistake fully.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: wxxyrqa on February 09, 2021, 04:13:59 PM
People made mistake and learn after that. It’s common and normal. I think mistake is the part of learning. So,  i can't hate mistake fully.
One way or another, a person remains a person, since he is not able to learn only from his mistakes, since such situations happen very often. But in order to work effectively as a trader, a person must learn to use other people's mistakes for his own good.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Dexzon on February 09, 2021, 05:20:56 PM
I just realized that the op has nothing to say on this topic other than a bottom-up link to the article ::)
I realize that a trader's first mistake is the factor of panic and lack of time to be able to learn from price movements over time, making them suffer losses because they are impatient and easily carried away with emotions to sell when they see a coin is in a downward trend
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Gurujebs on February 10, 2021, 09:41:52 PM
I just realized that the op has nothing to say on this topic other than a bottom-up link to the article ::)
I realize that a trader's first mistake is the factor of panic and lack of time to be able to learn from price movements over time, making them suffer losses because they are impatient and easily carried away with emotions to sell when they see a coin is in a downward trend
Lack and inability for patience has been a challenge to every traders in crypto especially the newbie but this particular is not just centered around noobs, it can happen to professional traders as well.
Watching your wallet or portfolio burning down in value can per so painful.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Fakhrulenclix on February 10, 2021, 11:27:33 PM
Don't just put the link here, you should put your statement into your thread and remember to insert the reference link.. That's will be better than only put the link
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Confero on February 12, 2021, 11:35:16 PM
The most common mistake of new traders is, their impatience is waiting for the price of the coin to rise when the price of the token they hold the price goes down. So they do CL and eventually cause the asset value to decrease.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: Arkann on February 13, 2021, 04:21:33 PM
The most common mistake of new traders is, their impatience is waiting for the price of the coin to rise when the price of the token they hold the price goes down. So they do CL and eventually cause the asset value to decrease.
I believe that such actions are mainly due to the inexperience of the trader and due to the lack of certain knowledge. In order to trade successfully, you need to correctly prioritize and target, as well as follow every letter of the outlined plan. If the trader is already starting to worry, then the results will definitely be bad.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: hushpupppy on February 13, 2021, 04:48:30 PM
Core mistake that traders make that i am aware of is mostly greed; as a trader you have to master the arts of trading emotions and not trade with emotions be it greed or fear.
Title: Re: 6 Most Common Mistakes That New Bitcoin Traders Make
Post by: sidik7 on February 13, 2021, 11:36:36 PM
maybe the mistake of beginner traders is being carried away by the FOMO situation on a coin that is going up then don't pay attention to only making a purchase so that the loss is large enough to pay attention to the progress of the coin and its also important to pay attention to the value of the coins at the lowest moment and that's a point where we start for traders.