Common Mistakes In Trading Bitcoin

[MrGeany 297]

i think that the worst trade mistake is to be panic and fast cause trading loves patient people who will wait their time and than make a profit from it..so just be calm and wait for your chance.

[BrolySSJ 7899]

I believe that you missed out the most common mistake that is made by traders, and this mistake is relying on emotions when trading. It is very likely that when these people rely solely on their emotions that they will not be able to effectively and unbiasedly analyze the market, thereby resulting in losses. Emotion is an enemy of trading and results in rash decisions.

[bliznec 22267]

Best suited for trading with bitcoin, this is a short-term trading. Do not know how to start trading, then try small. Thank you for reminding us how to trade with bitcoin and what errors there are. 

[Honny143 13612]

Its only not mistake we do our wrong steps are all our mistakes,like buy coin ln wrong time are sell in wrong time, because with out seeing chart prices, so many peoples buy in high prices and sell in low prices, so take  loss, and  so peoples not analysis crypto market entire in wrong time, so we avoid this things we can't loss.

[phizusiki 239]

On 2/6/2020 at 1:51 PM, Hasan7197 said:

I think everyone makes the mistake that you should have a strategy for buying both short and long term.  Based solely on what you think, trading can turn into your practice.  If you want to be a successful entrepreneur, you need to be aware of these things.

its greed. Greed is in the hardships to overcome. and plus your pronunciation will definitely shape your income and death then consciously decide. If you are stuck in the same mistakes then it is very heartbreaking. Also trying to control your emotions in trading, fear and greed are major issues in trading.

[Beromnia 733]

Welcome with me
Add to your topic the total dependence on the robots in trading, and the lack of knowledge of the trader at the time of stopping the loss or maintaining the gains.

[George10 9932]

There are many mistakes that investors make in trading bitcoins like panicking in times of price dump of that coin they are investing in thus resulting to sell off in loses other than having the patience and faith in holding their coins.

[Calvinpriva 17296]

Many traders fails because they buy crypto in large price and they can't sell it for profit, they will hold a little then prices will fall and they will sell for a loss. Don't rush to buy crypto, wait for the right time when the price will fall.

[Hala99 370]

It’s very obvious that in trading you have to buy in a low price and sell with high price but the thing is sometimes you can never know if the price gonna go high to make your action.

[phizusiki 239]

On 2/13/2020 at 7:26 PM, MysteriousIdentity said:

All of it are very useful to new traders so they can avoid this kind of mistakes in the middle of their journey of trading. I am not very familiar with this mistakes as I always make sure that I am prepared before engaging to something espcially in trading so I never experience any of it. 

Common mistakes when relying on other people's analysis and falling into unexpected losses, I think traders should know that they are responsible for their own money. I think emoticons and greed are included in the strategy so we need to control them, so these are not common mistakes.

[malik6314193 5449]

Yes these are the main which we have to keep in mind. For successful trader these thing play a important role. Thanks for sharing with us. 

[phizusiki 239]

On 12/27/2019 at 7:06 PM, Whydoyoucare said:

Well i think one of the major reasons why a person loss into a trade is because of its greedyness. always be patient in crypto because thats it how it really works.

A lot of the time they lose money for non-profit so we have to eliminate greed and make our trading good and secure and use a lot of us to be successful traders. if they want to make a bigger profit, but situations are not supported, they need to be sad because their profits are no more.

[phizusiki 239]

On 2/14/2020 at 1:26 AM, cryptousd20 said:

Common mistakes are many and among them is that a person sells his home in order to double his capital in circulation by buying bitcoin and when a day comes when he loses all his money for wasting or not knowing the direction is correct he has lost everything in his life after losing all his money

Bitcoin is the king of the market, so its value is relatively high compared to other currencies. Therefore, every trader must carefully deal with btc, so as not to lose himself. They don't even know the difference between bitcoin and altcoin. You should choose smart money based on your trading type and market conditions.

[CryptoMaxim 3829]

In any case, losses are inevitable for beginners as well as for experienced traders. And beginners should trade for small amounts and preferably short-term orders. This way the risk of losses is less. And over time, increase the amount.

[Treat1234 0]

Some traders make some mistakes by too emotion and excessive trading and this brought loss into their trading activities.

Some traders make some mistakes by too emotion and excessive trading and this brought loss into their trading activities.

[nykas 2812]

Today there are a lot of different people want to become traders but only few of them reach their purpose and realize their ideas, most of new traders have a lot of stupid mistakes 

[pablomarwan 3082]

There are many mistakes committed by beginners and also the ancients, though they fall into these mistakes, among them is that they invest in a currency all that they have in the hope that their price will rise while it is also the opposite that you invest in a currency at a high price this leads to loss and not profit. In addition to speculation, this is a mistake. Trading is not technical, but rather depends on strategies.

[Brand1 1336]

All you say is true that the trading field needs a very large experience in order for a person to succeed in it and I see that the most common mistakes in this field is that some traders buy currencies at a very high price and this matter will make them wait until the price rises more so that they can achieve profits, for example a person By buying bitcoin currency at the price of $ 10,000 in this aunt, a person must wait until the price rises and reaches at least $ 12,000, and this illumination may take several months. Among the common mistakes is also greed and greed, where a person enters the field of trading and his only concern is to obtain large sums of money quickly and without any experience or knowledge

[magd 5231]

One of the most common mistakes that traders make is that they trust new projects on unpopular platforms and make deposits and then this leads to losing their money after a short period or another mistake is to rely on a third party to work on its behalf.

[DreamStage 2105]

There are so many bad ways from your investment going bad to worse by not following specific guidelines that i can not mention them all.

 

Basically you have said almost the default ones from where if a new investors on the field gets all information on those first he will eventually be able to minimize his loses.

[Ayush Singh 1175]

Your post Is Really effective and constructive also it is very much useful for the users not only for the beginners also for the experience users would deal with the trading of Crypto coins and does such common mistakes with it.

[Whited35 15285]

The first mistake that most of newcomers do while trading Bitcoin is, they buy BTC at the higher price without any proper idea how to read chart, how to make some essential market analysis etc. Try to know everything properly before getting started in the cryptocurrency trading field. Price volatility is normal for Bitcoin and you should not be a panic seller when BTC price start to drop. 

[Sugibengi 390]

On 11/11/2019 at 10:00 AM, Agios said:

I hope this post can be useful for myself and other members, especially new trader, so that they can become expert traders at least understand / know the Common Mistakes In Bitcoin Trading. Are as follows: Over trade or Excessive Trading, Ignoring trading costs, Not learning how to read trading charts, Using savings / selling cars for trading, Not following investment plans, Buying at high prices, Short period of HODL coins. This is all I know, and there are still many more common mistakes that are often made by new traders, so I hope that all members will be able to complete my post, so that it can be used as a guide for others.

 

Yes, I agree with you, mistakes that usually occur due to the ignorance of beginners to start trading, because they are still beginners so there is no mature trading plan, often beginners only trade without a plan so that failure occurs, even though a trading plan is very important for trading success .

[Honny143 13612]

On 12/17/2019 at 5:41 PM, silvergain said:

Common mistakes of trading should be GREED. its called enemy of trading. i did lot of mistakes for greedy trading style. i made 18K profits from 500$ investment. its a good amount of money. i did not withdraw yet because i had greedy dream. that i will make huge money buy that 18K. and that mistakes pay me a lot. lost everything for that.

Indeed its 100% true in trading our greedy behavior effects our earnings, because most of traders takes perfect entry point their trades also goes profitable way, but their greedy nature say more and more finally they loss their investment also, so first control greedy nature and expect 5% to 10% profit according our investment its better for traders.

[Onden 2098]

As new traders we have to avoid some common mistakes, don't buy the wrong coins for trading, because coins really determine the success of our trading. trade according to your ability, do not use capital on debt. You must have a mature trading plan, so that trading can go well and be successful.