Mistakes that make people poor in crypto

[leodiaz]

That is true, bro. The very common mistakes that we make in crypto dealing with poor is the impatience and panic. They are very troublesome because someone may not be able to control their emotion when seeing the market condition.

[CINEMADROM]

The rules of a successful investor, buy when the market falls and sell when it grows.

[Sabiduria]

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.

Yeah but how to find a balance between patience and determination? Sometimes you have to act fast?

[fredrick4u]

Good vibes though, most of the times it is not easy for you to know the right time to sell or hodl. Most at times, you can or may hodl a particular coin for better days but nothing may come out from it.

[Fatiti]

That is my problem too... I always find it difficult to be patient when trading cryptocurrencies and it has really done more harm than good to me....and I just want to start training my self to be very patient at all times.

[RaimondRandom]

It's very important to have trading plan and follow for it. This rule help to avoid big losses

[Quiks]

Big loss in 1 deal possible. But in general, it will not save you either. A series of losing trades. Buries deposits of any traders. The mathematics of capital management will not save either.

[RaimondRandom]

series of losses is less dangerous than one big loss, because you can stop trading and improve your trading rules. If you loss all your money in one single trade you can't do it at all..

[Stiven334]

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.

Good information thank you

[Majaz]

What you convey is the negative side. While the positive side is, mistakes can make us more careful, more vigilant, which in turn can make us rise.

[Fly_Away]

Investing is a long-term trend, to trade short you have to get a proper experience

[tonymillions84]

the percentage is quite high. the odd of holding tokens is not favourable. the current market condition is okay but sometimes, some projects worth nothing that you have no option than to sell to avoid dumping sheet tokens in your wallet. i have a huge amount of them with no value but i was not  patience enough to hold CHT Tokens.

[CrypActiv]

Impatience and lack of crypto literacy

[etheridge9]

The knowledge and patience is power, i've seen many people panic when their crypto is going down for a while.

[Rofiastuti]

True, it is a very wrong opinion if someone states that by trading in the crypto world we are poor, because investing our assets in the crypto world is keep or saving, which we can take at any time. by monitoring price increases that we agree we can sell our assets and get more profit and we will never lose, our assets will remain and be safe in crypto.