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Author Topic: Mistakes that make people poor in crypto  (Read 38760 times)

Jimmygym

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Re: Mistakes that make people poor in crypto
« Reply #180 on: July 20, 2019, 08:44:06 pm »
I think most of the people lose their money in the crypto market due to their unrealistic expectations from their coins. They want to become millionaire in a single day. When they see a steady advancement in the market, they get out of the market at a wrong time. Am I right?

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Re: Mistakes that make people poor in crypto
« Reply #180 on: July 20, 2019, 08:44:06 pm »


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Re: Mistakes that make people poor in crypto
« Reply #181 on: July 22, 2019, 10:40:28 am »
I think most of the people lose their money in the crypto market due to their unrealistic expectations from their coins. They want to become millionaire in a single day.

Not only about too high expectation, most people just join without sufficient knowledge. But when they lose, they will blame the crypto world.

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Re: Mistakes that make people poor in crypto
« Reply #181 on: July 22, 2019, 10:40:28 am »

juelz63

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Re: Mistakes that make people poor in crypto
« Reply #182 on: July 22, 2019, 10:46:16 am »
I got the prof contact from a colleague at work when bitcoin was going up all the way up last week. I've been working with the prof for 5 days and i can confirm he help me mine 2.5 btc in total. I am still working with him to get more coins because i can never afford to lose this great opportunity at all. The crypto market is at a crucial point, If you have been wondering where to start and have some questions, I will advice you to email prof Donald right away and he will personally put you through. Contact - Wealthrecovery63 via google m ail

mimikri

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Re: Mistakes that make people poor in crypto
« Reply #183 on: July 23, 2019, 10:19:16 pm »
I think most of the people lose their money in the crypto market due to their unrealistic expectations from their coins. They want to become millionaire in a single day. When they see a steady advancement in the market, they get out of the market at a wrong time. Am I right?

I think that it does not make them poor. It makes them depressed and frustrated. Mistakes when choosing tokens to invest lead to the greatest losses. You need to learn more about alt before investing in it.
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Re: Mistakes that make people poor in crypto
« Reply #184 on: July 28, 2019, 08:12:13 pm »
The fear of loosing all valuable coins because prices are dropping continueously had made some people to sell off their coins, at least to cut a total loss when prices goes beyond their abity to bear a further fall. Crypto prices are volitile, and many are unable to be courageous in keeping their coins for fear of loosing all.

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Re: Mistakes that make people poor in crypto
« Reply #185 on: August 03, 2019, 08:05:07 am »
One mainly factor making people poor in crypto is lack of interest as well as fear. Some one will invest into a project immediately he started seeing the project decreasing in value he start to panick. Crypto require  a lot of patience if you don't have that then you are actually missing the way round

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Re: Mistakes that make people poor in crypto
« Reply #186 on: August 06, 2019, 01:48:32 am »
Dumping right after being paid bounty!! Don't do this!! (Unless you getting an offer that is above the ICO price) If a company/project stays around and you dump everything then you no longer have stakes in that company/project.

People trying to get rich overnight and get rich quick that are not there for the right reasons. These people lose a lot of their money and to be frank they deserve to. Seems like when greed takes over people's brains stop working.

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Re: Mistakes that make people poor in crypto
« Reply #187 on: August 06, 2019, 09:41:35 am »
I think that people lose money because they invest in things which aren't safe or they are impatient. Another thing is that it's good to invest what you can afford to lose.

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Re: Mistakes that make people poor in crypto
« Reply #188 on: August 29, 2019, 01:40:23 am »
Not backing up your wallets and make sure there are several copies can make you poor. You also dont want to sell tokens too early you need to be patient. Sell some of your holdings off sometimes so you get some return incase the value drops so much the coin/token becomes valueless. So dont hold on too long either.

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Re: Mistakes that make people poor in crypto
« Reply #189 on: September 04, 2019, 01:47:05 pm »
I think most of the people lose their money in the crypto market due to their unrealistic expectations from their coins. They want to become millionaire in a single day.

Not only about too high expectation, most people just join without sufficient knowledge. But when they lose, they will blame the crypto world.

true! most of the people jump in the market just like that

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Re: Mistakes that make people poor in crypto
« Reply #190 on: September 04, 2019, 02:55:05 pm »
The most common and basic mistakes are lack of adequate knowledge and hasty decision. People think that investing in crypto is simple way to become rich, nothing could be further from the truth. Ignorance of market's operating principle, price movements and desire to gain some passive brought together make people poor. Crypto are so difficult stuff, not everyone should get into it

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Re: Mistakes that make people poor in crypto
« Reply #191 on: September 05, 2019, 09:48:21 am »
 i think, not only for crypto but for trading overall, the mistakes that traders make are: not following a strict stop loss, letting emotions in while trading, not testing back to back before applying them on live account. 

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Re: Mistakes that make people poor in crypto
« Reply #192 on: October 09, 2019, 07:38:24 pm »
i think, not only for crypto but for trading overall, the mistakes that traders make are: not following a strict stop loss, letting emotions in while trading, not testing back to back before applying them on live account.
You not only consider traders, but also ordinary people who bought a crypto.

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Re: Mistakes that make people poor in crypto
« Reply #193 on: October 09, 2019, 07:41:08 pm »
Greed also makes people poor. I lost a lot of money in 2018 due to cryptocurrency greed

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Re: Mistakes that make people poor in crypto
« Reply #194 on: October 11, 2019, 09:12:14 am »
Yes i agree, prices of cryptos are very volatile and hence its super important that people should have patience to hold their cryptos for a good time to let it reach  a good price. Since its so volatile and affected by various factors, you just never know that tomorrow when you wake up bitcoin’s price is double than it was the previous day. So patience is necessary here.

 

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