Wondering why some are pepetually poor in Cryptocurrency?

[Jereh]

I have come to the realization that the major reason why some investors and traders are pepetually poor 8n this business is because of their impatience and greediness and them the fomo factor.

[Dprincebh]

I have come to the realization that the major reason why some investors and traders are pepetually poor 8n this business is because of their impatience and greediness and them the fomo factor.

yeah you said the right thing. I agreed with that. Those without knowledge has to go out there learn and experience before thinking of investing. While somes are poor due to some major conditions which can't be neglected

[luvr1000]

Maybe I would agree with you. If I had sold most of my coins at the height of growth, then I simply earned very good money, but I did not do it because of my greed and, of course, because I was inexperienced ..

[Elevteros]

In principle, it is true, but I would not say that greed for cryptocurrency is not a bad quality, because only with the help of it we all ended up here, but not patience very often has a detrimental effect!

[Mickha]

You are very right, in investing we must always be patient, and have a strategy, this needs to be applied to investors and trade. so that we benefit more from losses.

[LogiC]

I have come to the realization that the major reason why some investors and traders are pepetually poor 8n this business is because of their impatience and greediness and them the fomo factor.

That's not a solid factor you've got there mate. If you notice most investors holding coin now are the one who bought at very high price. How can they be in greed? Maybe you're pertaining to those who are dumpers not investors.

[Ghozrd]

All decisions are on them, I can't hold the coins that I hold if I have a big loss, it's better to trade and hold good coins like Bitcoin, there is still plenty of time to see crypto price increases, because some countries still ban crypto and if crypto legality in all countries is acceptable, the crypto price will increase

[MOProgress]

I think one of the reasons will have to do with lack of knowledge about cryptocurrency, some people only know and believed that crypto will make money for them but they don't even understand what cryptocurrency is all about.

[PRIBO247]

I have come to the realization that the major reason why some investors and traders are pepetually poor 8n this business is because of their impatience and greediness and them the fomo factor.

I don't believe your assertion is correct mate. Most people fall because of inexperience and not greed. Some bought costly and as such are loath to sell below their cost price.

[fallenangel1789]

There are many reasons that some of them are expressed by you. I would like to add another reason. Some people buy coins and never look back. They just wait for the price they are gonna sell. But these coins never reach those levels and they lose. Crypto investors should regularly check the projects they invested in and recent situation of the market.

[Gastonic]

I think people joining crypto are thinking of quick gains which is very wrong and they sold their investment when they saw a dip.

[diygirl]

in the world of cryptocurrency we have to learn to be more patient and careful. many people who gave up because they couldn't be patient and panicked too much in response to an unstable crypto situation. if we can learn to be more patient and manage our crypto assets well I think it will be very helpful.

[debra]

You're right. Some reasons why people lose their money are about being impatience, panic, and greedy. In this case, they are impatient to face this market situation, driving into panic and then sell their coins even in the low price. It is done more and more until they lose everything.

[Dinaflorean]

maybe from those who lost in crypto because of various problems such as financial factors because of wrong predictions in investing that resulted in losses