Mistakes that make people poor in crypto

[trackermoney]

Yes, the mistake is often done. Panic is a mistake that can be very detrimental here. Because panic caused the person to sell their coins at a low price and that was obviously very detrimental. On the other hand, there is also a lack of attention to the market, so buying coins when the market price is high, and when it is low, he waits for a high time. So that's the mistakes that often occur here.

[jjeeppeerrxx]

People panic because they risk their hard earned money and not their extra money that is why most sell immediately without patience because they are doing gamble game, a gamble of their savings or not extra money.

The mindset and action should be invest what you afford to lose not to invest if you can't afford it to lose. To avoid the panic mode!

[Elevteros]

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.

Precisely ... It is better to try and keep the coins until the bull trend goes to see the potential of the coins, and not to sell in a bear market in a panic!

[Leebarnes]

Aside from being an expert in trading by using tools another aspect to consider is the emotion this is perhaps the most important instrument in a trading if lost your emotions losses comes next.

[moonking]

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.

I almost have an opposite problems, where I constantly buy small amounts when they are lower, and my total position is worth less than what I put into it, but if the price jumps, I want to sell them, and than regret that I didn't hold on to them for a little longer, because the price increase can continue.

[altery0518]

Making an investment strategy is very important most especially to new investors because this might be lead to many people from losing their hard earned capital so as an investor we should be careful and and ensure that we did the right decision.

[Noname]

Indeed sometime someone made a mistake in selling when the rush so get the losses due to lose asset.
But I think the mistake can be tactics, because there is still other coins may price was up.
So disappointment can be distracted.
Maybe we experienced loss but still no chance at the coin we another. So do not easily desperate.

[pelana vreo]

Yes, you are right, I advise my friends not to panic when the market is red, if you panic and sell crypto assets that you have, you will regret it. We need to be patient and must have a good trading experience to benefit in the crypto world.

[cryptofunn]

There are a few errors that threaten to cause large losses: when working with exchanges and wallets, do not use two-factor authentication; buy one coin for all the money, if it is not Bitcoin; trade on information from a group of trading signals

[Sapp]

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 losses and become opportunities. to make a profit. the decline in the market can be a frightening specter,

[tankist]

Yes, it's mostly panic when the crypt falls. It is important to remain calm and wait patiently for the market to recover.

[Bit]

You are right. In my opinion, there are two main keys that make the people poor in crypto. One is impatient and panic. They are very basic but many people ignore about that. Besides, it is also about the strategy and how to choose the right coins.

[idranus]

hence the need to not get bored in learning in the crypto world so that they are ready to face any situation that can cause losses caused by panic

[PRIBO247]

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.

For me I feel the dominant factor that makes most people sell cheaply their tokens, thereby incurring loses is Fear. Fear of great loss, Fear of not getting back the capital, Fear of being left with a dead coin.

[hermae]

Patience will always be the best virtue we should have in the cryptocurrency world. We all know that it is given that the prices are changing every now and then. The market is very volatile. It is understandable that we feel panic and impatient during this time, but we should keep in mind that this will change for the better. Wait and do not panic so that we will not regret the decisions we made today in the future.