Reasons some don't make profit in Crypto currencies.

[ahmedo24]

Impatience is one of the major reasons why most people don't make much profit in cryptocurrency trading. Many have already exited their trade even when the market just began to move in their favour.

It is even the major factor because virtually all good coins eventually rise with time , newbies should be aware that you don't just invest money in cryptocurrency and make profit immediately, it is trading and required time and also updates.

 

[Kelly5]

People who fail in the cryptocurrencies space are only thinking that it is when you invest in the major cryptocurrencies that is when you can Only make money. Other coins can also make you money if you Know how to do your research properly too.

 

[Senator]

When someone has the wrong knowledge about how some things work, they are bound to fail in it. People need the right and practical knowledge on the workings of the cryptocurrencies before making any kind of investment

 

[Kunkun]

I think the reason why some people don't make a profit in crypto currency trading might be because they think it's a get rich quick scheme which it is not, there would always be a dip that's why I prefer to trade in the long term by holding for a considerable amount of time because at the end of the day, there would be profits

 

[GIFTMICHAEL]

Some people came into crypto ecosystem because they have heard about people's success. And they just want to delve into it without the basic knowledge, that's why losses becomes inevitable.

 

[Dowenship]

The number of people joining the Crypto currency league are on the rise daily due to different postive reviews from others already in it but sadly some join the league and lost out.
The reasons could be:
1) lack of knowledge of Crypto currencies
2) Focus on bitcoin alone , this is as result of the first point, most people don't know any other coin other than bitcoin so they just push money into it , honestly Small Investors can make money from bitcoin Investment for instance you invest $20 into bitcoin now for you to get $10 bitcoin must be around $50,000 which may take time .

3) Fear to invest in small coins.

I really like your second point... We have all missed out on bitcoin... Bitcoin is now meant for bigger investors not average investors. but there are still some altcoins that one can invest in and make profit because they also have potentials...

 

[ahmedo24]

I really like your second point... We have all missed out on bitcoin... Bitcoin is now meant for bigger investors not average investors. but there are still some altcoins that one can invest in and make profit because they also have potentials...

Currently there shit coins you can risk your money on because when they burn them Investors do make up to multiple of 10 of their Investment . Bitcoin is not for smaller Investors.

 

[nimzy]

I have not engage most often in the cryptocurrency business but I strongly believe most of the participants don't make profit as a result of the lack of knowledge before investing or the inability to be patient in the raising qualities of the crypto. in it market.

 

[Chibson]

I remember vividly when i went ito cryptocurrency trading. The main reason that made me not to be making money from it then was that i was impatient. Patience is one of the best characteristics of a good crypto trader.

 

[Jumoke12]

The number of people joining the Crypto currency league are on the rise daily due to different postive reviews from others already in it but sadly some join the league and lost out.
The reasons could be:
1) lack of knowledge of Crypto currencies
2) Focus on bitcoin alone , this is as result of the first point, most people don't know any other coin other than bitcoin so they just push money into it , honestly Small Investors can make money from bitcoin Investment for instance you invest $20 into bitcoin now for you to get $10 bitcoin must be around $50,000 which may take time .

3) Fear to invest in small coins.

you are totally right about this, also I have discovered that panic buying and selling brings more losses than profits. all the same, knowledge is the essential ingredient in cryptocurrency trading

 

[ahmedo24]

you are totally right about this, also I have discovered that panic buying and selling brings more losses than profits. all the same, knowledge is the essential ingredient in cryptocurrency trading

Definitely because when you are informed you will become knowledgible about it and take reasonable decision in trading cryptocurrencies as we know they are volatile.

 

[Trexxxy]

Lack of proper knowledge is also a major factor , as well . people think they can just buy a coin for a small amount and make triple the investment they made on it.

 

[Nomad]

If you have never started with crypto but want to try hands on crypto, suggest you try with lower value coins lke ADA, or even doge. By doing this you will minimize your risk.

 

[GIFTMICHAEL]

How can people make money when they first came with the mindset of making money quick on Cryptocurrency investment without prior skill.

 

[Justin]

One of the reasons why people do not make money on crypto is because they cannot hold crypto currencies for long. Crypto currencies are the assets that demand long term investment

 

[eLdavis]

Lack of knowledge has been and woild continue to be a major issue. As many dont even know how it works before they start coming in, they just feel crypto would make them instantly rich so they go for it with knowledge on how it works

 

[Yaqoob Habib]

This is part of what complicated knowledge about cryptocurrency, the enormous amount of coins and tokens in the market.

It would take a long time to know their history to determine which is best to invest in.

Nowadays there are many people who are losing their money because of their greed.Because they don't have any experience about crypto currency how to earn money You should have complete knowledge about any work you do.

 

[Haveit]

And also, most crypto currency investors do not really grasp the meaning of volatile market are not fully aware which often times leads to a decrease in their assets.

 

[tyrim88]

Lack of adequate knowledge on the operation of the cryptocurency is a major problem,and the urge to sell their crypto immidiately the price droped or possibly rise,because of aprehension or fear.Investing in smaller crypto and be patient to allow it to grow is a good step to follow.

 

[Monster Masterpiece]

Nowadays there are many people who are losing their money because of their greed.Because they don't have any experience about crypto currency how to earn money You should have complete knowledge about any work you do.

Any new comer to crypto world is zero experience so it is casual because every thing in life we learn step by step there is no someone that enters in crypto world with some experience everyone begin from scratch.