What are the Common Mistakes of Bitcoin Investors?

[Adecyptii]

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.

Yes I am very sure with time you will get used to most of the terms and how it works, just be reading most of the threads that are posted here,you're welcome once again.

 

[Good-Person]

I think there are various kinds of mistakes cryptocurrency investors make and one of them is not being aware of the cryptocurrency market conditions and inability to assess the future price.

 

[greenie]

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 .

 

[Laurentta]

I think a common mistake of bitcoin investors is investing large sum of money at a go. Most times bitcoin investors forget that bitcoin investment is risky and that they should only invest what they can afford to lose.

 

[ganibade]

Common mistakes of bitcoin investor is that they want quick money. Bitcoin trading needs to be learn from those that have successfully in it. Buying of coins,and type of investment you what to do needs to confirm before starting trading bitcoin.

 

[Toyoabasi]

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 since the volatility of cryptocurrency makes it difficult for investors to predict the future, they make the mistake of buying or selling at the wrong times. I think this is the commoners mistake that most investors do.

 

[Bousine123]

One of the mistakes People make while investing on bitcoin is that, some times people invest in places they know nothing about especially how the can withdraw their money and proof of payment.

 

[Josephjossy]

Nobody is approve mistake, that's an honest truth. But there are some mistakes that are avoidable. Bitcoin investors always invest when the price is law and sell when it goes up, someone told me that he always invest when the price in going up and he lost lots of money doing that

 

[Bookwormlux]

The most common of all mistakes that New investors make is using that had been budgeted for something else to trade cryptocurrencies. This now makes them devasted when they lose it.

 

[Busybee]

Always keep an eye on the resistance and support zone. Don't enter the market on an impulse. Enter when the price has taken support from a support zone or if the price has broken a resistance. Don't just follow the market with heard mentality. Bitcoin is a game of accumulation. Buy and hold Bitcoins when you feel the price is reasonable.

 

[Achawaskey]

Cryptocurrency investors makes mistakes according to their knowledge of cryp. But the most common one is fear of uncertainty do to the volatility of crypto, if crypto investors can remove fear or greedy of their crypto business, it will go a long way to reduce mistake.

 

[RG5]

Well in my personal opinion Fear of Missing Out (FOMO) and FUD is one of the most common mistakes traders make when dealing in crypto. These two factors force them to make decisions based on fear, uncertainty, excitement and feelings of doubt. Impatience is another common factor that forces traders to take the wrong position.

 

[Sincerem]

Some investors who invest minute sum of money in bitcoins expecting to earn a serious profit after few years of investment this may not likely generate anything reasonable , considering the fact that bitcoins already is huge and will require a huge sum of money for profitable Investment. This is one of the most common mistake I know.

 

[Robust]

Most mistakes inventors mostly the newbies is that the are lacking knowledge on cryptocurrencies and the do not want to study about it to know the up and downs, all the like doing is try by error.

 

[tyrim88]

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 .

That is one of the things that cryptocurency traders have not come to understan about the market and when there is fluctuation in the price of crypto,not knowing that it is when the prie is low that its good to buy.

 

[Honny143]

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.
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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.

Yes this the main mistake in investment, panic sounds looks small, but when the investor gets this panic he lost so much money, market behave positive or nagativ at any condition investor required patience then are in safe zone.

 

[tyrim88]

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).

Well that could be a good strategy for some investors to adopt in the cryptocurrency trading market,but it all depends on the individual and how he want to trade his asset.

 

[Agbalagbaa]

The truth is that if you don't know the right time to invest you might lose a lot of money, knowing the right time to buy is very important, that's where a lot of people make their mistakes.

 

[Smiles20]

The most common mistakes that a lot of bitcoin investors make is that they do not understand that the market is volatile and there can be correction sometimes so they expect that price will just keep going up.

 

[AruneBend]

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.

People often are greedy and expect to earn a lot of money with only one trade I don't know truly why people think that it can be possible but you know and people invest ammount they can't afford losing don't leat how to accualy invest and give up on crypto