Quote from: Shasha80 on July 25, 2021, 05:10:06 AM

Quote from: no-ice-please on July 25, 2021, 02:44:01 AM

Quote from: Shasha80 on July 24, 2021, 11:24:26 AM

Quote from: Niobeh on July 24, 2021, 11:11:28 AM

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.

Another problem is that they also start out with too much of their total capital available. They either panic because the price could drop or they panic because the fear of missing out. If you are moderately getting into the market with small steps, investing a fraction of what you have available every couple of days, you reduce your downside risk but also your upside potential. Yet it let's you sleep better, you are part of the market and get to learn to deal with the market exposure.

Why are we always encouraged to invest money, we can afford to lose, because when the market situation worsens we can remain calm and not panic.
I agree that it is better to start investing with a small amount of capital, especially for newbies who do not have the knowledge and experience,
it is better to start investing with small capital. So when they experience a loss, they are not stressed and discouraged, they will easily get up again.
And can consider these losses as the cost of learning to invest in the crypto world.

Most newbies have the problem that they don't understand the dynamics of the markets and what it will do emotionally to them. When you take a small amount and play around with it in the crypto market, maybe even gamble on less known coins, you get a better feeling of how quick things can develop badly for you and destroy your investment. If you start out big right away there is hardly any chance you will be able to handle the situation neither emotionally nor technically. You just don't know what to do if shit hits the fan.