Why people fail succeeding with Bitcoin?

[Domithra]

The same people who say Bitcoin is a scam are the ones who troop in under the influence of FOMO whenever Bitcoin price rises. Since they lack the attitude to study about Bitcoin and the market, they always end up losing their money because they buy at high prices and  impatiently sell at low prices.

[Najma zahra]

because not really understand what is bitcoin, and completely have not studied and understand, so fail

[Miftahul123]

it is not a failure, pebyebabnya less patient, and learn about the world of bitcoin less understandable, hence pengen fast sell it fast, but the key to success and to berasilan ourselves, patience, and want to be .

[Saiful wae]

it is actually not to fail but it is the beginning of success, because it is less patient and less understanding in my opinion, because the key to success and to the advantage that is in each of us .

[trofim21]

because many people do not yet understand how it works they just buy but do not know when to sell

[Doctor]

The same people who say Bitcoin is a scam are the ones who troop in under the influence of FOMO whenever Bitcoin price rises. Since they lack the attitude to study about Bitcoin and the market, they always end up losing their money because they buy at high prices and  impatiently sell at low prices.

I my opinion they donnt have knowledge about bitcoin. maybe they are panic selling. It will lose alot.

[Noni]

it does not include failure, it only requires a greater understanding in understanding bitcoin that success requires a long process and the right analysis in investing

[CrypMania]

It always amazes me why people who buy bitcoin at high prices cannot even wait for at least two years to see an increase in price. Yet they are willing to put their money in a bank for many years for meager interest.

[Vidaia]

The thing is most of them have no better understanding and knowledge on what bitcoin entails. For the fact that they bought it at a high price doesnt mean they will succeed with it. One need patient too. In addition to having knowledge, understanding, and patient one also need to have a market strategy.

[cryptothief]

The same people who say Bitcoin is a scam are the ones who troop in under the influence of FOMO whenever Bitcoin price rises. Since they lack the attitude to study about Bitcoin and the market, they always end up losing their money because they buy at high prices and  impatiently sell at low prices.

I'm pretty sure that it is not the same people who 'say Bitcoin is a scam' and then 'buy at high prices'. There may be some crossover, but in my opinion, the vast majority of people who say it's a scam are still not involved in the market. I respect their opinion too, the volatility of Bitcoin doesn't exactly instill confidence in potential investors. Bottom line is that it's their money to invest how they see fit, and I'll just look after my own. If they choose to invest (at whatever price), cool, at least that shows a growing belief in Bitcoin's potential.

[sugarchrisp]

People who fail generally operate the opposite of how they should while trading in the markets.  They see prices going super high and think "Oh now is the time to buy in!" and buy at or near all time highs for coins, while simultaneously selling anytime the price gets really low thinking "Better cut my losses here and now" and then likely never return.  I've seen it time and time again, and I honestly don't understand how people can operate so fundamentally the wrong way.

[therozaq]

The same people who say Bitcoin is a scam are the ones who troop in under the influence of FOMO whenever Bitcoin price rises. Since they lack the attitude to study about Bitcoin and the market, they always end up losing their money because they buy at high prices and  impatiently sell at low prices.

I think It is not fail. Be patient is the key, We should  hold bitcoin when the market is going down. I think at the coming future the market will rise again.