Post
Topic
Board Nigeria (Naija)
Re: Why Newbies Fail in Bitcoin Investing. Lessons from 2017 & 2025
by
Jubilee58
on 28/09/2025, 18:12:24 UTC
In 2017, there has been a lot of discussion about Bitcoin in the whole world. At that time, all kinds of people started to know about Bitcoin through social media and many other things. Since then, the number of investors in Bitcoin has increased. Many new investors have joined. Those who made the right decisions in the right way have made a lot of profits, but many have faced losses due to wrong decisions and wrong investment methods. There were many newbies who invested a lot of money and faced losses due to lack of right decisions. After that, many of them could not get back to a good financial condition. New investors make some common mistakes and face losses.

1. FOMO and FUD: Many people start buying Bitcoin when the price of Bitcoin starts increasing and sometimes panic and sell Bitcoin when they see the price decreasing. This kind of mistake is the worst problem. Because it is not right to invest in Bitcoin on emotion. If you invest patiently in any situation, it is possible to make a profit.

2. Short-term thinking: There are many people who invest a lot of money in a short time because they want to become rich very quickly. I think this is very dangerous. Since 2017, the price of Bitcoin has been very low and high for a short time. But after a long time, the price of Bitcoin has increased unexpectedly. Therefore, all investors should make a decision to invest for a long time.

3. Proper Investment Method: Those who are new to Bitcoin invest without having the right idea and basic knowledge about Bitcoin investment. This can lead to losses in the future. From 2017 to 2025, we have seen a lot of fluctuations in the price of Bitcoin. That is why investing a lot of money can often cause losses. Therefore, you should invest regularly by following DCA with discretionary income. In this way, you will be able to buy Bitcoins of all valuations at all times at an average price.

4. Risk Management: Many people invest without understanding the importance of an emergency fund or reserve fund. They buy Bitcoin with all the money they have saved together without forming any kind of emergency fund or reserve fund. This means that if there is any kind of financial problem in the future, then  may have to sell Bitcoin due to lack of a back-up fund.

5. Media hype: Many people have invested in Bitcoin due to influence from various types of social media. Due to this, many have faced losses in the past. You should learn and research the following and invest.

6. Cycle History: While investing in Bitcoin, it is necessary to have a basic understanding of the Bitcoin halving cycle bull and bear market

7. Patience: The most important thing in investing in Bitcoin is to be patient. Many people start investing in the right way but panic due to the fluctuation of the price in the Bitcoin market and sell Bitcoin. This is because of many problems. The combined result of patience and knowledge is success.

8; Altcoin Trap: Many people who are new to crypto currency mix Bitcoin with other shitcoins. They invest in this type of fraudulent shitcoin because they think they will make a profit very soon. As a result, they face a lot of losses. Bitcoin is a proven, trusted, decentralized and secure asset. It is not just a matter of making a profit by investing, but Bitcoin can also ensure the future security of a person and his family.

9: Security: Many newbies do not have a proper understanding of Bitcoin's wallet private key and all other security related issues, as a result of which many kinds of unexpected events can occur. Popular quote not your key not your coins.
All investments should be made in the right way, with patience.


As a newbie you don't have to jump into investing in bitcoin without having a prior knowledge of how bitcoin investing works. Bitcoin investment requires having some knowledge before you can actually make reasonable profit, otherwise you are definitely going to fail or make a very big mistake.
 
Gathering some knowledge is very necessary, and there are places that you can gather these information to enable you be able to invest and achieve your financial goals and objectives, and some of these places that you can gather this knowledge could be from youtube,  from experts in bitcoin, and when you equipped yourself with these knowledge, you will be able to do well in your bitcoin Journey.