What are the Common Mistakes of Bitcoin Investors?

[Josephjossy]

When I newly started trading Bitcoin, I was in a hurry to make millions, I want to trade 30 times in a day which cost me to loss my money. I loss so much money and I the end I was disappointed. Then I later realize my mistake. It is not about getting rich over night. You need to calm down and trade with carefulness.

 

[KENDRA2020]

What is more painful than selling off the goddamm coins only to see it sky rocket again the next minute. This is due to the money demand we all have at that particular period of time and thinking it might go down soon.

 

[Dubai]

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.

It's a nice thin you've created this thread because I am also curious to know those mistakes. But before then, I believe one of the most common mistakes is that bitcoin investors are always looking for the best time to invest more. Secondly, some of the investors do not know when to buy and when to sell. They do not follow the trending crypto currency news and this leaves them misinformed.

 

[Damscooguns73]

Concerning the most common mistakes of bitcoin investors. Well, there are always mistakes been made at times on trading of cryptocurrency coin bitcoin and at times it might be dueto some risk factors. Mistake like investors tends to buy bitcoin in rush or buying it at the wrong time

 

[bilal19]

If you don’t understand the foundations of the technology, the road will be risky. Until you can judge projects for yourself, you will be missing out on big opportunities. Crypto currency is not shares like stocks. You have no ownership in the company and receive no dividends. If a company issues a cryptocurrency, then it is very possible for the company to profit or get acquired, with no benefit to you. A company can be doing very well, yet their coin can drop.

 

[Khezo]

Some investors just believes investing or buying Bitcoin and putting the Bitcoin in the Bitcoin wallet we automatically generate income or profit for you which is very wrong you have to trade the Bitcoin you have to know his movement you have to monitor it that way you'll be able to know when and when not to buy yourself

 

[Onachukwu]

The worst mistakes are failing to set up a long-term plan, allowing emotion and fear to influence your decisions, and not diversifying a portfolio. Other mistakes include falling in love with a stock for the wrong reasons and trying to time the market

 

[Johnbami]

the common mistakes made by lot of investors is not following the trend or the news economic news of Bitcoin that's what you used to monitor Bitcoin bitcoin prices and fall because of everything happening around so you really want to make perfect money to Bitcoin

 

[Akinwale701]

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.

There are many mistakes attributed to bitcoin investors and some of them are these - buying bitcoin when you know clearly that it is not safe to all in the name of being serious about business, also holding the bitcoin when you need not and a lot of other things like that

 

[Tinaconcept]

Investors in cryptocurrency fail due to only one reason lack of patients. No patient at all to wait for the rise of the bought coin. In cryptocurrency there are season of increase and season for decrease just like alt coins some times you have to hold a coin for almost a month

 

[Veetos12]

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.

Thank you very much for creating this thread, i am very sure it will help many crytocurrency traders. One of the common mistakes of bitcoin investors is greediness which sets in when the price of bitcoin skyrocket and they fail to make a substantial decision because they expect more rise in price of BTC.

 

[Segshowee]

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.

Digital currency is taking over gradually and many are getting involved. Common mistakes cryptocurrency trader usually make is greed. Once greed overshadow your level of thinking then you ste bound to fail. As a trader you must have entrance and exit plan.

 

[Victor001]

Often we hear crypto investors make common mistakes that they don't realize, both beginners and senior investors. mistakes that often occur are forgetful, carthe eless 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 mistake most bitcoin investors make, they see bitcoin as a get rich quick scheme. No prior guide or information on how to run the trade. They are prone to scammers because they see the investment site as a money doubling scheme.

 

[Tariq Shehzad]

Most novices and senior financial backers get insatiable in the crypto by needing to make huge loads of gain in one exchange (it's conceivable) however you should be aware of not being excessively eager and remember to consistently set stop misfortune when exchanging.

 

[nasiusman95]

Not Understanding the Investment.
Falling in Love With a Company.
Lack of Patience.
Too Much Investment Turnover.
Attempting to Time the Market.
Waiting to Get Even.
Failing to Diversify.
Letting Your Emotions Rule

 

[Kiko]

Here are some examples. Day-trading - only for the seasoned gun-slinging Billy-the-Kid types. Exchanges charge fees for buying and selling and these costs can equal profits. Not advisable unless you're really experienced, are cold-blooded, and happy to live on the razor's edge. Going all-in on one coin. Listening to shill, marketing hype, technical analysis, and FUD (fear, uncertainty, doubt). Do your own research, then buy on the rumors and sell on the news. If you're not interested in research, buy in the top 10 eenie meanie minee mo and sit on them for two years.

 

[OderuMiracle]

Not Understanding the Investment.
Falling in Love With a Company.
Lack of Patience.
Too Much Investment Turnover.
Attempting to Time the Market.
Waiting to Get Even.
Failing to Diversify.
Letting Your Emotions Rule.

 

[ronaldlorenzo01]

Some of the investor's common mistakes are they haven't read the profile of the company where they are investing. Such a coin that is not moving fast. You need to research before investing in such coins. Although it is difficult to spot which will go higher or difficult to predict.

 

[Ezzyoj]

In trading of cryptocurrency, a trader must learn to be patience, a trader learn to be greedy, greediness has caused so many to failed, a must be ready to sacrifice time for learning and mentorship. You cannot know it all when it comes to trading

 

[Emma Aneni]

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.