What are the Common Mistakes of Bitcoin Investors?

[Georgeadawara]

One of the biggest mistake you can make as a Bitcoin investors is buying at the wrong time, if you buy Bitcoin at the wrong time you are going to lose a lot of money.

Considering the fact that Bitcoin is one of the best and highest crypto currency with value, I think it is always advisable to buy it at a good time when the rate of the coin drops, one can invest on it.

 

[Ononivami]

Considering the fact that Bitcoin is one of the best and highest crypto currency with value, I think it is always advisable to buy it at a good time when the rate of the coin drops, one can invest on it.

Bitcoin is definitely not the cryptocurrency with the highest market value but it is a cryptocurrency with the highest market capitalisation.I think that is what you should say.

 

[Georgeadawara]

Bitcoin is definitely not the cryptocurrency with the highest market value but it is a cryptocurrency with the highest market capitalisation.I think that is what you should say.

Yes you're absolutely right by saying this, Bitcoin tends to be the highest market capitalization , but don't you think among all the other crypto coins, bitcoins is the highest when it comes to rate and value.

 

[Georgeadawara]

Could you explain more on what you meant by bitcoin rate? I understand very well that bitcoin has the highest market capitalisation and it is the most used token in the cryptocurrency space.

Yes you're likewise right by saying Bitcoin is one of the crypto coin with highest market capitalisation. But you know there are allot of other crypto coins, don't you think Bitcoin is the coin with highest rate which is above other crypto coins?

 

[Ononivami]

Yes you're likewise right by saying Bitcoin is one of the crypto coin with highest market capitalisation. But you know there are allot of other crypto coins, don't you think Bitcoin is the coin with highest rate which is above other crypto coins?

You can make your research and you will see one or two cryptocurrencies that has a market value more than that of bitcoins but the Bitcoin is the most popular.

 

[Georgeadawara]

You can make your research and you will see one or two cryptocurrencies that has a market value more than that of bitcoins but the Bitcoin is the most popular.

Yes for sure, considering the fact that there are allot of crypto coins available in the crypto market, but I will advise the one to invest on the bitcoin, because it will soon increase in rate base on research.

 

[Immilash]

Considering the fact that Bitcoin is one of the best and highest crypto currency with value, I think it is always advisable to buy it at a good time when the rate of the coin drops, one can invest on it.

Bitcoin is the well known cryptocurrency but I don't think it's the best, not all people do like Bitcoin we have thousands of cryptocurrency out there that you can use apart from Bitcoin.

 

[Good-Person]

Bitcoin is the well known cryptocurrency but I don't think it's the best, not all people do like Bitcoin we have thousands of cryptocurrency out there that you can use apart from Bitcoin.

I think that investing without conducting proper analysis and research is one of the main mistakes of many Bitcoin investors in the market. I am very careful when it comes to investing in Bitcoin when the market is down.

 

[Danny4cash]

Yes, one of the mistakes that bitcoin investor make is to sell off their coins when it's price fall. To my greatest surprised, I once a person selling off its bitcoin and at the same admitting that he had made a loss. Why selling when you have made a lose already.

 

[Joseph555]

some of the common mistakes of people investing on bitcoin is greed, they belief that the coin would rise as soon as they invest in it, which is not true in entirety as crypto currency have proven to be unstable on various occasions, avoid greediness in cryptocurrency.

 

[Immilash]

I think that investing without conducting proper analysis and research is one of the main mistakes of many Bitcoin investors in the market. I am very careful when it comes to investing in Bitcoin when the market is down.

That's the biggest mistake you can ever make, that's why if you don't know how to do analysis you are not expected to trade or invest on any cryptocurrency, having the proper knowledge is very important.

 

[Rolly_blen]

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.

One of the most typical errors made by rookies in the crypto space is to mindlessly invest in cryptocurrency without seeking guidance from individuals with extreme proficiency.

 

[Alisco]

The common mistakes done by Bitcoin investors is improper surveillance of exchange rate leading to bankruptcy

 

[ghxstvecna]

As a trader, emotion control is crucial. I have made poor entrances out of fear or greed, and I have sold too soon or too late. As a trader, it is sufficient if you have a successful plan and can restrain your emotions of fear and greed.

 

[Danny4cash]

One of the most typical errors made by rookies in the crypto space is to mindlessly invest in cryptocurrency without seeking guidance from individuals with extreme proficiency.

Actually, it's an error to start investing in cryptocurrency without having mentor who can guide you when you make mistake. The reason why a lot people failed in cryptocurrency is jumping to it without having someone who can guide them.

 

[Syldan]

Actually there are some common mistakes that alot of people usually make before investing in crypto. alot of investors has or lack knowledge in running the business.

 

[Rolly_blen]

Actually, it's an error to start investing in cryptocurrency without having mentor who can guide you when you make mistake. The reason why a lot people failed in cryptocurrency is jumping to it without having someone who can guide them.

This is one most petty mistakes a prospective crypto trader can make, because the presence of a mentor will point out your strengths and ways to elevate them; in the same breath, he will show you how to desist from your weaknesses.

 

[Chibson]

one of the major mistakes a lot of people make whenever they're investing in Bitcoin is that they do not know the right time to invest and the right time to take profit. People always invest when the price is very high instead of when it is low.

 

[eenya00]

also they tend to panic when there is a downward movement of price especially if it is a very drastic one at that, so before investing on such platform, you need to carry out your own personal research.

 

[tyrim88]

One of the dominant mistake is the mistake of blindly investing without seeking advice from people that are experienced in such endeavor.
This usually doesn't end well and they end up with the notion that one can't make money investing in crypto currency.

yes that is true,because you need to be very knowledgabel ablut the market and then learn from expart in the field,then you will need to be patient expecially when there is a bearish trend in the market.