What are the Common Mistakes of Bitcoin Investors?

[Ralphjoe]

One of the all too familiar mistakes most Bitcoin investors make is panick selling their investment portfolio when they see the value of their investment reducing. This will lead to them selling at losses most times instead of waiting for the market to rebound from it's slip. This is a mistake mostly made by new Bitcoin investors.

 

[Rimsha kanwal]

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.

Over the past few years, cryptocurrencies such as Bitcoin, Ethereum and Litecoin have seen steady growth in mainstream awareness. It is no surprise that more people are starting to invest massively. Students have also been observed to take up this venture, leaving the fate of their school work to ‘do my essay for me’ websites. It looks more enticing than the traditional stocks, which can grow annually at a rate of 5-10%. Cryptocurrency grows in the thousands of percent or more in just a number of months. But what are the typical mistakes people make when investing in crypto? What are the “crypto mistakes”?

 

[Sake]

One of the common mistakes they do is panic selling when the price had a sharp drop. Like they never learn and doesn't trust that Bitcoin will regain and surpass the previous ATH. They will willingly sell their investments lower than the price they purchased it for and then Blame and call Bitcoin a scam

 

[Alexandoy]

I am in the process of learning Bitcoin. I have read in another forum that buying Bitcoin should not be rash. There should be a study on the trend. For example the value is increasing slightly but every day it does that then it may be good to buy. Keep the Bitcoin and wait until the price goes up and up. But it is not always like that because the value can be up today and tomorrow it can crash. I hope I am correct in my understanding so that when I do the trading then I wouldn't be ignorant.

 

[Heatman]

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 most commonly made mistake made by mostly new investors in cryptocurrencies is being too hasty to sell off their coins once there is a fall in the price of the cryptocurrencies. Some investors made such mistakes not long ago when bitcoin fell a $4,000 short and now they are regretting it.

 

[Erik4150]

One of the common mistakes that bitcoin investors make is buying bitcoin when the price is at an all time high. The mistakes often happens due to the frenzy that occurs whenever bitcoin price hits an all time high, the investors that misses out when the price was low start buying bitcoin despite the price. When the price comes down they'll realize they made a big mistake.

 

[Abigael]

The biggest mistake I have made with bitcoin investment is investing my bitcoin in bitcoin trippler and doubler sites. Though I only invested a small amount, I regret trusting that I can earn from such methods. Another mistake that people make is investing all the money you have. You should only invest a small amount that you can afford to loose.

 

[Heatman]

One of the common mistakes that bitcoin investors make is buying bitcoin when the price is at an all time high. The mistakes often happens due to the frenzy that occurs whenever bitcoin price hits an all time high, the investors that misses out when the price was low start buying bitcoin despite the price. When the price comes down they'll realize they made a big mistake.

No wise investors should be making that kind of mistakes. Even if it's not in bitcoin but in any other kind of transaction, there is no way buying stuffs when the price is high seems wise. After buying it at high cost, will you eat it or sell it below cost when the initial price falls?

 

[moonlight]

The only problem I can point out that when trading in bitcoins or other cryptocurrency, new investors make is that sometimes they don't know the right time to buy coins, some people are still too hurried to wait for the right time to buy bitcoins, which can lead to loss because when bitcoins were about reduced demand, they buy bitcoins, if you are patient enough to comprehend.

 

[tuna89]

You are right and I have always warned my friends against selling of when the price falls, there is definitely going to be a rise in the value of crypto as many of them are currently down in price. One can always hold to prevent loss.

 

[Ojonuyo]

According to me, the major common mistakes Bitcoin investors make is that they keep their entire hope on only bitcoin and therefore use all their money to invest in Bitcoin. At the end of the day, their hope are shattered as they are disappointed by the lose of their invested money. Hence, I advice that all crypto currency investors should diversify and invest in different coinbase system.

 

[Kelly5]

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.

Common mistakes made by cryptocurrency investors are that they do not understand the workings of the crypto world. They say they HODL, but at the slightest pullbacks of price, they go into panic mode and starts dumping their assets. If you're Hodling, go the long hall.

 

[Gilead]

Well an investor that is familiarized the bull and bear concept won't make silly mistakes like forgetting about their trade and they will definitely know when and when not to buy or sell.

 

[Highflyer]

Because Bitcoin is on the internet, they are even easier to steal and much harder to return and trace. Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them. Investing in bitcoin is no joke, and securing your investment should be your top priority.

• Believing the Hype. Social media has a big impact on cryptocurrency trading and investing. ...
• Security. Security is crucial for sustainable cryptocurrency investment. ...
• Short Buying and Selling. ..
• Not Reading Cryptocurrency Charts.

 

[Chumzy]

There are many mistakes made by investors of Bitcoin in today's ever changing market. One is buying when the price is fast rising thereby being able to buy little and risk of price fall. Two is selling when price is falling because they are short term traders and so they lose out.

 

[kayode10]

The mistakes begins from the mindsets. Some newbie begin trading of bitcoins with the get rich quick mindset. And this has caused them to lose lots of money. Another mistakes to believe that Bitcoin will always go up in price and the will always make money. The failed to realised that Bitcoin price also obey the law of demand and supply.

 

[Thosynho]

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.

You never talked about the common mistakes. At least mention one from the mistakes so that anyone reading your post will be able to learn from and possibly apply what he/she has learnt in the investment. I thought this is what your post is all about but I am disappointed.

 

[Sammyesx]

I believe one of the problems of bitcoin investors is lack of proper knowledge about Crypto currency. Most people venture into it without knowing the rudiments there by losing lots of money. To be successful in any venture, one has to have in debt knowledge about such venture.

 

[Emma Aneni]

A lot of investors are greedy and they want to make millions of money under one trade. And another mistake is investing without competent knowledge and information about what they're venturing into. They just put their money and when it's not working out they begin to fumble.

 

[Shivay]

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.

Taking about myself, I have done many mistakes. When i invested in Bitcoin first time ,after 2 weeks of it my money went into loss. So i withdrawn it taking that it value will decrease more. But after 1 week the btc went 25000$ and i cried like hell.