Post
Topic
Board Trading Discussion
Re: Why do so many people lose their positions due to Bitcoin's decline?
by
Renampun
on 22/01/2021, 22:05:03 UTC
Trading financial instrument , derivatives have high risk , and having full knowledge of risk management of position size is a key to make a quality decision. The fundamental impacts news can make you rich or rekt you especially when the hype in social media get built up.  Many people lost their portfolio because of lack of market structure. Not every dip or rally you jump into.  These is my view why many lost during this Bitcoin decline.

those who buy because of the hype on social media will only lose out...
amateur buyers who buy because of the hype will only sell their Bitcoins when the price drops a little, they are not armed with the knowledge and mentality of trading on Bitcoin. they just dug their own graves.