Mistakes that make people poor in crypto

[khufuking]

I totally agree with this but there are some cases you really need to act fast or you will be rekt, sometimes you better go out of a certain coin with -%5 better than stay and hold with -%90. Being patient is, of course, a good thing but the skills of acting fast is also a great thing and if you can choose between those correctly you will be perfect and we all know that no one is perfect everyone will make mistakes between those 2 decisions.

[tamango]

I totally agree with your, FUD and FOMO are the most common mistakes that newbies make. You have to be patient and not too greedy to have good gains in long term.

[daviost]

1. Never Backup your private key and Lose your Private key
2. Mining without calculate the electricity cost and mining the shit coin that never goes  to exchanger.
3. Being scammed
4. Go to phising site accidentally
5. Buy Coin With Rumors without research them
6. Create a weak password and got hacked
7. Steal With Stealth ICO
8. Buy a shitcoin without research them first
9. GREED

[Taufiq-yy1]

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 the

[gribble]

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.

Yes you are right, impatience is one of the problems of being a trader. because the market goes down people who panic sell because they can't wait until the price goes up.

[yitzjoe]

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.

impatience needs to be confronted with discipline in the predetermined profit targets. that means that every investment we make needs a target profit, and when the profit target is reached it needs to sell without the need for other reasons, this is very important to continue to survive crypto, especially traders

[Dwisinta]

the main factor was panic and patience which made them lose big when the price dropped drastically they sold at a cheap price afraid they could not rise in price again and when it was sold finally the price rose again and caused regret

[Nisa12]

The most important thing in the Criptococurrancy world is patience and experience.
someone's panic will destroy everything they sell prices cheaply which causes huge losses and to buy again they are traumatized by falling prices again
in fact we do not need to panic because the ups and downs of the trading price are reasonable and it depends on us reacting to it

[elbans89]

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.

Yes I agree mate. I think Be patience is the key for crypto currency. Dont be panic when the market is red. We will lose alot.

[Dian]

Yes, a downturn in the market can be a frightening specter, but we must realize that crypto is for the long term and even though the market is experiencing a decline it is normal, patience is the best way to save from loss and become an opportunity to make a profit.

[Nazir]

live calm and awaiting some time is ideal advice but still, some of these human beings cannot deal with their emotion within the buying and selling. They emerge as panic when the price moves to the unpredicted place and they can not make a great choice except promoting or shopping for the coin.

[Alpha]

Peaceful mind and calm heart must be with us all to deal the market in good condition as always so that we can prevent the impatient. It is also a matter of believing and strong hope that everything will be okey at the right time.

[KKH84]

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.

Yes, I agree with you, but the limits of one's patience are different, I think luck is also influential, they are less fortunate about time, time to buy, hold and sell, because of the lack of research on the coins they buy.

[Shanacute14]

The mistakes that make people poor in crypto are being impatient and panic in selling there coins that they will lost a big profit when the coins get pumps. Holding your coins and wait to have a good value is great thing to do.

[Cakra bumi212]

One of the main factors of the losses of traders is the lack of knowledge about cryptocurrency. If we do business not based on knowledge it's losses will be suffered.
The point is that we must study seriously before starting to entries the world of commerce, and understanding market characteristics to minimize losses