Reasons some don't make profit in Crypto currencies.

[Immilash]

I think many people who are professionals in trading have made a lot of mistakes in the past but because of their experiences they learnt their lessons. That will probably be a case for so many people who want to make money quickly.

Yeah, but I can say everyone is a professional trader, is just simple to execute a trade, but the ability to manage that trade and make profits that's what we call profitability.

 

[Chibson]

Yeah, but I can say everyone is a professional trader, is just simple to execute a trade, but the ability to manage that trade and make profits that's what we call profitability.

Knowing how to execute trade is not the only thing you need in order to be successful in trading. You need some level of knowledge and discipline in order to become successful as a trader.

 

[Good-Person]

Probably, investing at the wrong time is one of the major reasons a lot of people lose their money in cryptocurrency. I quite agree with your assertion because knowing how to read the charts is very important and necessary.

Yes, this is true. Many investors invest at the wrong time and they lose money. I am also one of them. The fact of the matter is that you cannot actually predict the time when cryptocurrency market would crash.

 

[Chibson]

Yes, this is true. Many investors invest at the wrong time and they lose money. I am also one of them. The fact of the matter is that you cannot actually predict the time when cryptocurrency market would crash.

Yes, that is why it is always very important and necessary to study the history of cryptocurrencies and try to follow experts. You shouldn't follow some of them blindly because no one is hundred percent correct in crypto.

 

[Sotherefore]

There are so many reasons why people may be losing in cryptocurrency or trading as a whole. You may lack the modern strategy needed to trade a particular market. Apart from that, other things can also be put into consideration such as not having a proper mentor.

 

[Good-Person]

Yes, that is why it is always very important and necessary to study the history of cryptocurrencies and try to follow experts. You shouldn't follow some of them blindly because no one is hundred percent correct in crypto.

The analysis of price of cryptocurrencies is known as technical analysis in simple terms. This technique is also used to predict and analyse the price of stock markets and shares as well.

 

[Chibson]

The analysis of price of cryptocurrencies is known as technical analysis in simple terms. This technique is also used to predict and analyse the price of stock markets and shares as well.

Of course, I know the basics of technical analysis. I always advise people that wants to make money from cryptocurrency to have at least the basic knowledge of it. Fundamental analysis is also very much important especially in cryptocurrency. when you are good in technical analysis you could make profit from forex and any other type of trading.

 

[Syldan]

Actually there are quite an number of reasons why some could not make profit from cryptocurrency it may either be as a result of there carelessness for the market or as result of low knowledge on trading.

 

[Immilash]

Knowing how to execute trade is not the only thing you need in order to be successful in trading. You need some level of knowledge and discipline in order to become successful as a trader.

Yeah, trade execution can be done by anyone, even if you don't know how to trade you can execute a trade, am I right? it's not hard it's just a button, but what of trade management? Trade execution can be done by anyone but not trade management.

 

[Chibson]

Yeah, trade execution can be done by anyone, even if you don't know how to trade you can execute a trade, am I right? it's not hard it's just a button, but what of trade management? Trade execution can be done by anyone but not trade management.

Trade management is where they work lies. Anyone can place a trade but not everyone can manage a trade in order to be profitable on it. That is why it requires some level of knowledge and discipline.

 

[Setho]

It is a very typical human emotion that they are going to believe the prices going to continue to go higher. This is not good as people are supposed to know about risk management

 

[Immilash]

Trade management is where they work lies. Anyone can place a trade but not everyone can manage a trade in order to be profitable on it. That is why it requires some level of knowledge and discipline.

Yeah exactly, trade management is were we have the lot's of the work, every trader is a loser but the ability to manage that loosing trade that's what we call profitability.

 

[Chibson]

Yeah exactly, trade management is were we have the lot's of the work, every trader is a loser but the ability to manage that loosing trade that's what we call profitability.

Definitely, someone once told me that any money you have in cryptocurrency is not your own until you withdraw it to your bank account. That is actually true because if you do not know how to manage your trade well you will lose all the money.

 

[James]

For me:

1. Lack of knowledge and depends on someone who doesn't know basic things.
2. Expecting too much without investing enough.
3. Holding investment in only one coin

 

[Chibson]

For me:

1. Lack of knowledge and depends on someone who doesn't know basic things.
2. Expecting too much without investing enough.
3. Holding investment in only one coin

Correct, some people invest little amount of money in cryptocurrency and expect a lot of money from it which is usually not possible. High expectations in a cryptocurrency is actually not good because it can lead to greed which will make you lose.

 

[Immilash]

For me:

1. Lack of knowledge and depends on someone who doesn't know basic things.
2. Expecting too much without investing enough.
3. Holding investment in only one coin

That's very true, lack of knowledge is the one the things that causes lots of the problem, if you don't have a good knowledge on a field, I don't think if it will be a good idea to start up the business.

 

[James]

Yes and they even don't bother to check coins history, how it works and what's distribution as major people invest in coins just because someone else doing it and making money that's wrong concepts for me.

Correct, some people invest little amount of money in cryptocurrency and expect a lot of money from it which is usually not possible. High expectations in a cryptocurrency is actually not good because it can lead to greed which will make you lose.

 

[Chibson]

Yes and they even don't bother to check coins history, how it works and what's distribution as major people invest in coins just because someone else doing it and making money that's wrong concepts for me.

it is always very important for you to know how to do your own research whenever you want invest in any cryptocurrency. Investing because other people are investing is wrong.

 

[greenie]

The major bane of people rushing into the crypto space is the lack of knowledge about cryptocurrency generally and also the absolute concentration on just Bitcoin. Despite the potential other coins possess they don't sometime know we have over 7000 coins and more still getting listed on a daily.