Post
Topic
Board Altcoin Discussion
Re: why some are still loosing money in crypto
by
Shasha80
on 24/07/2021, 11:24:26 UTC
if you have been in 2017 you experience ups and downs of the market, lots of gains but lots of losses in some, but even though you have been through those times, still you haven't learn to correct those mistakes, I think there are lots of things that changes your view regarding the market and this are the following:
  • You follow a persons advice through his social account post example is Elon musk
  • You still believe that a certain coin will come back from the dead even though you already knew its a scam
  • you just follow your instinct and never make single research
  • emotions still control you to decided
mostly I see people who are successful in crypto have spent lots of time, before they reach where they are, yes there are things that are associated with luck but don't just depend on it.
The biggest mistake most people make is a lack of patience and being greedy. they need to discipline themselves. pe patient when to buy and when to sell and do some research and I mean deep research. Be vigilant. you can listen to others' advice that why we have this Bitcoin Forum, to share thoughts and opinions about bitcoin and its future but in the end, it's you to decide and judge the real situation in the market.so do deep research and be patient always

The key to successful investing in cryptocurrency is patience, because most people panic too quickly if they see the price of coins purchased suddenly
fall. Even though if we have bought potential coins, there is no need to panic if the price of the coins falls, because usually the potential coins will
recover quickly and the price can go up again. The next causes us to lose money when investing in crypto, we are not able to control our greed.
If we have reached the target we set, sell immediately, don't delay taking profit, the price of the coins we buy can drop suddenly. In conclusion,
I agree that the reason why people fail when investing in crypto is a lack of patience and not being able to control greed. So fix these two mistakes,
then it will be easier for us to be able to make a profit.