What are the Common Mistakes of Bitcoin Investors?

[Sotherefore]

Apart from bitcoins that other cryptocurrency you should also invest on but I think the mistake of most of all investors that I know is that they did not actually know what they want,if you are considering a cryptocurrency for long-term it must be long-term and short-term must be sure thing because if you're combining all of these two together you will not likely to make profit.

 

[tyrim88]

Most investors make the mistake of not gaining adequate knowledge about the cryptocurency market,reason why when they invest and wants to get in quick profit and the price begins to drop,panick sets in and they start selling.One needs to invest in a long term to get in a good returns on their investment.

 

[Ayokex]

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.

Let me talk generally about common mistakes of most cryptocurrency traders. Most of the dreaded mistakes committed by the cryptocurrency investors is the act of abandoning their investment for too long with the hope that they will make more profit.

 

[Setfragil]

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.

You are very correct, most beginner investors want to make a lot of trade at a short period of time due to their ignorance and greediness and they ended up losing their funds.

 

[Sotherefore]

One of the common mistake of cryptocurrency investors not only bitcoins is selling a cryptocurrency out of panic,this is the thing that I have been causing a lot of people in cryptocurrency to lose so much money when the market shows a sign of crashing.

 

[Haveit]

One very common mistake bitcoin investors make is that they do not take time to learn about the basics of bitcoin investing so they jump into investing which can lead to loss.

 

[Josemendez]

Many bitcoin investors invests without having good knowledge of bitcoin as a cryptocurrency which fluctuates easily. Some invest with money that they won't be able to leave for long .

 

[Kennysplash]

I will say investing more than they can afford to lose. I have seen investors that invest important money in their trading which led to a huge loss for them. If you know you can't part with the money them don't invest it in cryptocurrency.

 

[Aaron625]

Common mistakes while investing in crypto include investing in some low profile coins and expecting big profit , investing in a good coin and selling it at wrong time due to panic or fear of drop in the price.

 

[kay169]

I think the common mistakes most newbies make is that they don’t get proper education and research before investing and eventually something happens they complain and lose a huge amount of money

 

[Ub40]

You have really done well for creating this thread as this is a very important issue because any mistake made by investors can cause huge capital lost. I just have to come into this thread to join in the discussion as I am holding bitcoins too so this info concerns me too. Thanks for sharing.

 

[McIrx]

One of the mistake investors make is holding on forever to a losing position. A lot of investors bought bitcoin at $40,000 and watched till it reached $60,000. The watched while it regressed back to $34,000 without selling while suffering huge losses as a result.

 

[jeff87]

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.

I think the greatest mistake of Bitcoin investor is impatience. It's because when the market is down, you can't wait for the price to go up and you sell it on a losing price. I believe the winners are those who are into long term investment.

 

[Funky]

One common mistake in bitcoin investors especially newbies is that they just think that they simply need to deposit and be settled for life, which is not, you need understanding to do this.

 

[Josemendez]

I think the greatest mistake of Bitcoin investor is impatience. It's because when the market is down, you can't wait for the price to go up and you sell it on a losing price. I believe the winners are those who are into long term investment.

In addition to impatience , some of them are very greedy to the extent that they will not want to sell off and have their profit . While waiting for more profit , the dip sets

 

[Lordfalcao]

The common mistakes Bitcoin investors or ebem crypto investors as a whole make is that they let their greed overshadow their activities and let it also control them.

 

[Justin]

Not holding for a long term is one of the common mistakes of bitcoin investors. I think people should treat bitcoin as a digital asset that will give them returns for a long term

 

[tyrim88]

As a new bie on the trading market platform,mistakes can mostly come from their inability to understand the fluctuations and markets dynamics,not knowing when to go into the market to buy and not knowing when to keep holding na dwhen to sell.

 

[Lens]

The common mistakes in my opinion is the basic knowledge requirement. Most of the cryptocurrency investors do not have enough knowledge on how to trade. They only follow the traditional way of trading. This is buying at low price and selling at higher price.

 

[jeff87]

Apart from bitcoins that other cryptocurrency you should also invest on but I think the mistake of most of all investors that I know is that they did not actually know what they want,if you are considering a cryptocurrency for long-term it must be long-term and short-term must be sure thing because if you're combining all of these two together you will not likely to make profit.

The common mistake of investors I think is not on knowing if they are long term or short term traders. I believe it's in the wrong entry or exit in the trade. For example, when you enter a trade and you buy a particular coin like Bitcoin Litecoin Etherium, etc and then it was on its peak and then you hold on to it because your prediction is that the price will go up.