Mistakes that make people poor in crypto

[Dansoy]

Mistakes are only normal because it gives us a lesson to learn and become better in doing business in cryptocurrency.  The common mistakes are being impatience when the prices high and do panic selling if the price is very low.

[Jun]

 yes  without patients can make wrong decision that makes us poor in crypto,due to unstable market some lose hope they become frustrated and give up by selling their coins in very low price the become panic.we should calmly face the situation to obtain satisfying results

[laughingburger]

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.

Patience is a good thing especially for investing but if you does not handle it well it can be a two edge sword also if you are too patience when you buy bitcoin few years ago and you did not sell at that time you are making a big loss now. Patience is a needed thing in investment and constant managing your portfolio should not be mislook also.

[88percent]

It is true, impatience makes people getting big losses in crypto. They are in panic when coins or tokens are experiencing lower prices. Then, they decide to sell their coins to avoid more losses. Whereas it the wrong way, they don't have good understanding about how to run investment in crypto and how the market works.

[hermae]

Yes, I definitely agree that patience is the key to a successful cryptocurrency situation. Whenever we involve our emotions to it, especially during the down times, we get panic and we are able to make decisions that we are not supposed to make and regret in the future.

[gribble]

I think the mistake of most people who become poor in crypto is because they panic and don't want to be patient, to immediately sell their coins when they know that prices are down, and they think that once the value drops, they think they will never be able to come back again.

[Ahmedalab]

Many crypto investors sell their valuable coins at cheap prices due to lack of patience and regret later when the market rises. It is always good to stay calm and wait patiently especially when the market goes down.

[Cryptoz]

Investment in cryptocurrency needs patience and confidence people. Being the investors of cryptocurrency is not easy and always get profits, there are many obstacles here, including negative issues and unstable prices. Too many unpredictable things here.   

[gurunanakji777]

Impatience can sink you and makes anyone poor in the crypto market So patience is the major factor to decide your fate. Impatient people always sell their coins in panic selling they are always afraid of loosing their money mostly newbie act like this and they repent later. So one should always remain positive whether market is dropping and should not act in haste.

[kevinjulio]

In the Crypto world, we must have good knowledge to trade. A good strategy will make you have an advantage. In the crypto market conditions, coins that fall You do not sell coins because if you sell you suffer losses. You better stay patient and hold your coins.

[Rituvohra01]

 I think that impatience is the biggest mistake  because most of the people starts panic and sell their coins at lowest value ,bear too much lose.But who hold their coins and wait for the right time they are rise up again.

[Dynamite]

We did all mistakes but some mistakes are not bearable due to the fact that huge lost happens. Seems impossible to earn that again but if we think positive and don't give up. I think there are possible good things to happen to those who didn't give up.

[backfirst77]

Many are stuck with the signal followed and holding too long the wrong crypto. Just like when buying Ethereum, NXT, Bitcoin at the moment the price is still high. Because Fomo is also one of the causes, it is too late when buying and the price has gone down a lot to date, so if at Hold will wait a long time.

[maro101]

The main mistake that makes people poor is panic. When they see a decline in the market, they sell their cryptocurrencies because they are afraid of losing the money invested. Many people came to this market to earn money quickly and did not try to understand how this market works.

[OptimusPrime]

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.

Sometimes, you wouldn't blame them, sometimes they need money to solve problems and need to sell off assets to do so.