Mistakes that make people poor in crypto

[sudeshkumar]

Patience in crypto plays a vital role and the decision with impatience always pay poorly,people who sell their valuable  coins in panicky conditions really going to  loose ,not to commit such mistake.

[Speaker]

We will long feel panic, especially when our investments during the year instead of growing-are falling uncontrollably.I think that next year will be decisive in the adoption of the status of cryptocurrency.

[JaymondStark]

Bonding with the coin which you are holding would be the first and deadliest mistake I believe.
The second mistake would be day trading I believe, I know that hodling will be the best option you may have.

[Chomzzy]

The mistakes that keep  the poor poorer in Cryptocurrency business is mostly greed, laxi of basic knowledge about the Cryptocurrency market, following the crowd, fear of the unknown which triggers one to make hasty decisions and many others.

[jyotianand01]

Panic selling and wrong entry time in this market can wipe out your investments significantly. Never panic in any circumstances and you will be a winner.

[TERENCIO]

Mistakes that make people poor in crypto buy in FOMO and sell because of FUD. These are the common mistakes.

[WWoF]

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. Crypto investors are very impatient generally and they dont have any hopes about future. They are selling their tokens while dumps and buying during pumps. That is unbelievable. I cant understand why they are selling their good coins with these low prices.. That is very wrong move.

[ComeBack]

I agree, Another is most of the people who failed here in crypto don't know how to make or do they own research about the things that they are planning to joined.

[Davidniam55]

most of them invest in quite a large amount. without experience or cannot take advantage of market conditions. so they suffered a loss .

[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 Besides impatience, in my opinion the other is ignorance. People easily become hyped or fo'ed because they only rely on other people's opinions and don't want to read or think for themselves.

[Crypto Prime]

in the world of cryptocurrency we must learn to be more patient in facing the crypto market. we don't know how the crypto market is going forward. if we rush into making a decision then we can get a loss and will regret it later. it would be better if we manage our crypto assets well so that the results that will be obtained are also satisfying.

[marshmellow]

when we rush to make a decision, we will also get the risk. like if we make a panic sale. if we do it, we will get a loss and it will make the crypto price in the market is getting down. if it continues, then there will be more people who will get the losses and need a long time for the crypto market to recover.

[Delgboke]

When you are not patience to hold your coins for long periods before selling and when one is not consistent in crypto been off and on this thing can people poor in crypto.

[Arendra]

if you are not careful and easy to give up in the world of cryptocurrency, then I think it difficult to get the success in it. we know that the unstable crypto market making many people frustrated and gives up. if we also give up, then we are no different from them and will only get the losses. keep calm in the face any situation even though it's not easy. the decisions that we make will be very meaningful.

[MOProgress]

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.

This is true and I want to all so add that fear of unknown, and fear of missing out also contributed to most people going broke in cryptocurrency business.