What are the Common Mistakes of Bitcoin Investors?

[Suba]

Often we hear crypto investors make common mistakes that they don't realize, both beginners and senior investors. mistakes that often occur are forgetful, careless and do not have knowledge of crypto. Because of this, I created a new thread to discuss common mistakes of cryypto investors, so they don't happen to Bizdustry members, as well as to share experiences and knowledge about common mistakes of Bitcoin investors.

 

[Iamsodex]

Most newbies and senior investors get greedy in the crypto by wanting to make tonnes of gain in one trade (it's possible) but you need to be conscious of not being too greedy and don't forget to always set stop loss when trading.

 

[Bilal0087]

Often we hear crypto investors make common mistakes that they don't realize, both beginners and senior investors. mistakes that often occur are forgetful, careless and do not have knowledge of crypto. Because of this, I created a new thread to discuss common mistakes of cryypto investors, so they don't happen to Bizdustry members, as well as to share experiences and knowledge about common mistakes of Bitcoin investors.

Investment is always a risk, most of the people make mistake of buying coins at wrong time and when the price Fall they got panic them earlier and goes into loses.
An investor must have patience to wait for the right time in order to gain more profit.

Post automatically merged: Jan 19, 2021

Often we hear crypto investors make common mistakes that they don't realize, both beginners and senior investors. mistakes that often occur are forgetful, careless and do not have knowledge of crypto. Because of this, I created a new thread to discuss common mistakes of cryypto investors, so they don't happen to Bizdustry members, as well as to share experiences and knowledge about common mistakes of Bitcoin investors.

Investment is always a risk, most of the people make mistake of buying coins at wrong time and when the price Fall they got panic them earlier and goes into loses.
An investor must have patience to wait for the right time in order to gain more profit.

 

[MRizwan530]

Often we hear crypto investors make common mistakes that they don't realize, both beginners and senior investors. mistakes that often occur are forgetful, careless and do not have knowledge of crypto. Because of this, I created a new thread to discuss common mistakes of cryypto investors, so they don't happen to Bizdustry members, as well as to share experiences and knowledge about common mistakes of Bitcoin investors.

The biggest mistake we make when investing in Bitcoin is that we invest immediately when the rate goes up.
We should not do that we should wait for dip or dump when dump comes then we should invest so that when price will pump we can get profit

 

[Sotherefore]

The only mistake I can possibly point out that new investors make when investing in bitcoins or other cryptocurrency is that sometimes they don't know the right moment to buy coins, some people are always too impatient to wait for the right moment to buy bitcoins which this can lead to loss because they buy bitcoins when bitcoins was about dropping in price, if you are patient enough to understand how the market of cryptocurrency work as a newbie you will not have any problem that's my own point of view.

 

[Tiwa]

Some investors get easily troubled once they see the price of Bitcoin going down and with the fear that it will keep falling they rush to sell off and hold in fiat money in luno. Thinking once it comes up again they will put it back. Forgetting they will have to buy again at the market price prevailing on the buy day.These cause them double loss and I believe is becuase of their knowledge gap in crypto .

 

[WhiteHouse]

Don't Invest short term, it's more advisable to invest Long Term.
Neglecting to hold is a recipe for loss.
My recommendation is to purchase coins in the main 10 on coinMarketCap and hold these coins for a base two years (ideally 5).

 

[Patrik]

I believe the only mistake is selling when the price drops, rushing in decisions based on a small drop is the biggest mistake an investor could do, i understand the point that people are afraid of losing their money, but they should be patient enough

 

[bitter7]

I am a begginer in investment. I want to learn more about bitcoin. Hoping you can help me more understand it. Thank you for this thread.

 

[Niftyyem]

The most regretful decisions made by new investors and even some old ones is being in a hurry to sell because of the slightest change in price of bitcoin. One other thing is the fact that during transactions, there are times, you may have to wait a while to get favourable fees to conclude your transactions.

 

[Josemendez]

I think when it comes to Bitcoin , the high volatility of the coin has been the cause of many mistake most investors makes . They easily give in to panic sell , especially when the Bitcoin market seems to show a little bearish sign . As for me , I will surely not give in to panic sell when dealing with Bitcoin.

 

[Nurudeen]

Most of the mistakes made by those who Invest in crypto currency exchange Business is that they don't seek for finanacial knowledge before going into the business. As a newbie in this business you need to know when to buy a coin and when to sell a coin. But most people don't know this and tend to lose their money to the system.

 

[Hasan Raza]

The common mistakes the investors do I believe the only mistake is selling when the price drops, rushing in decisions based on a small drop is the biggest mistake an investor could do, i understand the point that people are afraid of losing their money, but they should be patient because volatility is the part of cryptocurency.

 

[Lekside127]

Common mistakes bitcoin investor makes are:
Lack of knowledge about the bitcoin itself. MaJorly, some people lack of the business.
Not willing to learn more from senior colleague. Every investment platform has its pro and con's, so you need to learn from people ahead of you.

 

[Ridorz]

The only mistake that I can say that both biginner may have is when it's come to getting Lower of cryptocorrency. Some people do not have a calm mind when crypto they invited on is getting low, they will be panic like maybe the crypto would not get raise anymore and they will quickly sell the crypto, but they will later blame their selves when the crypto get raising up again that they have made mistake, that if they were know they wouldn't have sell it.

 

[giddy]

Some investors, mostly beginners, want to make 20 trades a day. This is dangerous. Ultimately, many of them lose from fees or because they make bad trades and then trade more to recover their losses. The reality is that there aren’t 20 good trading opportunities a day. Trading too much leads to poor decision making. Overtrading also increases your tax liabilities.

 

[Jaybee13]

Making mistakes is part of the learning process when it comes to trading or investing. Investors are typically involved in longer-term holdings and will trade in stocks, exchange-traded funds, and other securities.

 

[EMMANUEL]

You Chase Cheap Coins
Don’t chase cheap coins with dreams of lambos and private jets.
Lots of uneducated investors in the crypto space buy low priced cryptocurrencies because they think there is a higher chance of big returns. This is a common trap. There are lots of factors that affect a coin’s price, including two important ones: the circulating supply and the real world value of the coin

 

[Adeyoola7]

Incomplete information
One of the most common mistakes made by cryptocurrency investors is starting to invest with incomplete information. Investing in cryptocurrencies is very easy today, and anyone can begin investing with relatively little effort.

 

[Hassan14]

Often we hear crypto investors make common mistakes that they don't realize, both beginners and senior investors. mistakes that often occur are forgetful, careless and do not have knowledge of crypto. Because of this, I created a new thread to discuss common mistakes of cryypto investors, so they don't happen to Bizdustry members, as well as to share experiences and knowledge about common mistakes of Bitcoin investors.

Investing is always a risk because the rate at which it is ever falls which causes you to lose if you send your coin so you have to be very patient in it. So that you can get maximum benefit from it, so if you have patience in it, it will only benefit you. There is never any harm when its rate is high.