How much money have you lost in the crypto industry?

[Legion]

Altcoins has always been the first experience of a lot of people who lost their investment at the first place of there beginning, that's why people talk low about altcoins because it has brought heartbroken to a lot of people who invested wrongly, however even if someone should dwell on the altcoins it shouldn't be at the very start because by then the information the person will have may not be adequate enough to no the right one but when someone is mature enough on the crypto system will they be able to identify at least a considerable one.

In crypto, we all started with zero knowledge of something and worrying about it, we all made a mistake during the first attempts. One usually gets attracted to altcoins based on a wild chase for something that may have a lot of potential but is yet to be realized in the market, especially at a time when we sometimes do not have a strong enough floor. First notation is not the sin of the platform nor the asset, but the information that we should have had first before noting the initial loss. Time in the crypto world has its cycles to distinguish between what is worthy of storing or investing in and what will glitter but only for a while. After the long time is spent in this system sensitivity starts to develop. We become more rational in observing, not just impress by a big words, and finally are able to find real projects with the potential and actual work.

[gunhell16]

I have never experienced a loss in cryptocurrency because I have never spent capital to invest directly in cryptocurrency. I just take my free time in this cryptocurrency from my tiring real job.
Moreover, if I compare investing in cryptocurrency, it is not profitable with my personal job because the profit is inversely proportional to the loss. The level of loss can also be large if we experience a loss and I think this is unreasonable and it is better to invest or work in the real world.

In this crypto trading industry, you cannot be a risk taker, because since trading is in the business category, as traders, it is not possible that there is a chance that they will lose or suffer losses, this is the cycle or field of this industry.

It is also not possible that in all cases we will only get profit from trading, there are times when we will really lose. So if you enter as traders, you must be aware of these situations, you cannot be unaware because once you spend money, risk is always there.

[MRY]

In this crypto trading industry, you cannot be a risk taker, because since trading is in the business category, as traders, it is not possible that there is a chance that they will lose or suffer losses, this is the cycle or field of this industry.

It is also not possible that in all cases we will only get profit from trading, there are times when we will really lose. So if you enter as traders, you must be aware of these situations, you cannot be unaware because once you spend money, risk is always there.

Yes, it is not a place for rest without calculation and basic knowledge about trading. You can see for your self how fast the price changes it is impossible to determine how it will change in next days. You have to understand, if you enter this world with an expectation that profits will come your way all the time, then you are mistaken. However, I do not agree with this saying of never being a risk taker. In fact, every decision in trading is a risk the major difference that exist is the management part of it. You can never lose if you can measure when it is proper to enter the field and when it is appropriate to exit or sell. This statement means that alert itself does not imply being fearful but being conscious of what is taking place.