What are the Common Mistakes of Bitcoin Investors?

[Bbwoy95]

Probably, anybody who is investing in cryptocurrency with a proper knowledge of how it works is actually gambler. You may get lucky and make money but on the long run you can lose everything.

Yh that POINT is also well ESTABLISHED. Just like GAMBLING, you pay to WIN or LOSE. Same principle is applied to CRYPTO EXCHANGE. With the right access to knowledge and tools, you can WIN mostly even though you might experience some LOST.

 

[Chibson]

Yh that POINT is also well ESTABLISHED. Just like GAMBLING, you pay to WIN or LOSE. Same principle is applied to CRYPTO EXCHANGE. With the right access to knowledge and tools, you can WIN mostly even though you might experience some LOST.

Yeah, how often you make profit from cryptocurrency depends on your level of knowledge and experience. Experienced people always know when to exit the market and went to stay.

 

[Bbwoy95]

Yeah, how often you make profit from cryptocurrency depends on your level of knowledge and experience. Experienced people always know when to exit the market and went to stay.

Yeah, how often you make profit from cryptocurrency depends on your level of knowledge and experience. Experienced people always know when to exit the market and went to stay.

I agree with you on a very high level. Basically, you can most of the time make HUGE PROFIT when the LEVEL of EXPERIENCE in that SPECIFIC line of WORK is long enough.

 

[Prince]

Top 5 Cryptocurrency Trading Mistakes Every Rookie Investor...

• FOMO, Following the Herd and Buying High. This is the big one, and it's one that far too many newbie traders make. ...
• Panic Selling. ...
• Making Too Many Trades. ...
• Keeping Holdings on Exchanges. ...
• Making An Investment All At Once.

 

[eenya00]

Without knowledge you can't invest better because Bitcoin investment is always with knowledge information and patient but a lot of people don't know about it and become impatient to get high profit in no time and that leads to failure.

It is definitely better with the knowledge that is why I am a strong advocate for people to get the knowledge before venturing into any form of business be it cryptocurrency or whatever.

 

[Syldan]

Actually most of the common mistakes investors do, is that they invest the best amount of money at the wrong time and it's due to lack of knowledge which will guide them on when and how to invest.

 

[eenya00]

Actually most of the common mistakes investors do, is that they invest the best amount of money at the wrong time and it's due to lack of knowledge which will guide them on when and how to invest.

I do not believe that timing is a critical factor here but the know-how or rather knowledge, because if you posses the required knowledge, you would definitely know the best time to invest.

 

[Chibson]

I agree with you on a very high level. Basically, you can most of the time make HUGE PROFIT when the LEVEL of EXPERIENCE in that SPECIFIC line of WORK is long enough.

Yeah, your level of experience will always determine the amount of money you can make from a particular venture. That is why consistency in a particular business venture is very important if you want to succeed on it.

 

[Bbwoy95]

Yeah, your level of experience will always determine the amount of money you can make from a particular venture. That is why consistency in a particular business venture is very important if you want to succeed on it.

Talking of CONSISTENTCY, I would love to Chip in COMMITMENT. You ought to be highly devoted to whatever work you find yourself doing online. Submit yourself totally to it for better effects.

 

[eenya00]

Talking of CONSISTENTCY, I would love to Chip in COMMITMENT. You ought to be highly devoted to whatever work you find yourself doing online. Submit yourself totally to it for better effects.

commitment is also another key factor in almost every venture one decides to undertake, be it both offline or online you need to be committed if you are goin to succed on it

 

[Gandiba]

The most common mistake is doing things with a Ponzi scheme mentality.

People come and try to make fast money.

Without getting to understand that things don't work that way.

 

[Smiles20]

I think the most common mistakes that bitcoin investors usually make is that they are not considering everything. It is good to understand that even offline economics can affect bitcoin price.

 

[Planbizzle]

One mistake is overreaction when the price goes down. This forces them to sell their coins early to avoid a loss. Another one is lack of knowledge. If you don't know much , you wil be found wanting. Fear is also part. Using bad WiFi can affect transactions and lead to late speculations.

Investors who invest in Bitcoin frequently make the following mistakes: they don't do enough studies or don't diversify enough; they trade too frequently; they rely excessively on market timing; they invest in Bitcoin without understanding its core technology; and they don't comprehend the risks involved with cryptocurrency investing.

 

[Danny4cash]

This is a very accurate statement. One of the worst mistakes investors commit in the crypto industry is to not be proactive, but rather reactive to the changes occurring in the market. This way of investing is not good in any aspect

This is very problem that many bitcoin investors are facing. Many of them when they hear that the price of bitcoin has fall, the fear that come upon them immediately cannot be explained. That's why most of them sell all their coins during price dip.

 

[Nomad]

Panic selling is one of the major mistakes a lot of bitcoin investors are making. The moment they see a drop in the price, they start selling. However, you must realise that only the fiat valready is lot, your asset is still with you and there is nothing to worry.

 

[Potuse]

Bitcoin is a very volatile cryptocurrency and before you invest, you would need to look at the demand-and-supply mechanisms and you should also be able to analyse the crypto-currency chart.

 

[Good-Person]

Most of the crypto currency investors are impatient, patience is the most important factor in investments, I know it is not easy to wait but if you could manage it, it will bring you big profits.

I think that they are impatient and this is why they tend to invest money at the wrong time. Many bitcoin investors lost millions of dollars last year due to bitcoin going down.

 

[Imran_Noori]

I think that they are impatient and this is why they tend to invest money at the wrong time. Many bitcoin investors lost millions of dollars last year due to bitcoin going down.

Actually investors will not lose money if they have patience because Bitcoin is bullish in long term but they are investing without researches, compared to last year 1 Bitcoin is still 1 Bitcoin, just prices changed.