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/biz/ - Business & Finance

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22672026 No.22672026 [Reply] [Original]

What are the most common newfag mistakes that prevent them from making it with crypto?

>> No.22672054

trusting biz

>> No.22672064

not trusting biz

>> No.22672065

>>22672026
weak hands

>> No.22672068

>>22672026
FOMO and panic selling

No newfag can resist these two; some get over it and learn, some ragequit and become that wagecuck that is always saying crypto is a scam

>> No.22672075

>>22672054
sadly yes, this board has been flooded with pajeet and chink scammers hyping their rugcoin

>> No.22672080

>>22672026
>buying
>selling
thems the most common mistakes, right there

>> No.22672106

>>22672026
buying the top

>> No.22672137

>>22672106
dip buying, and then panic selling if it continues going down more

>> No.22672279
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22672279

>>22672137
>buy low sell lower

>> No.22672933

>>22672026
Thinking they will get rich over night

>> No.22672969

>>22672137
guilty of this

>> No.22673197

>>22672068
i bought right before the march corona crash and didnt sell, did i ascend or am i still a newfag?

>> No.22673258

>>22672026
Not being able to recognise when a project is run by Indians.

Not even joking, there is a project up right now that stinks of pajeet. They don't seem to have gotten many though this time.

>> No.22673305

>>22672026
It's the same with general investing. Lack of due dilligence leading to no conviction, causing panic selling during dips instead of buying. Not understanding that most things are cyclical so people ride waves all the way to the top and all the way to the bottom. Happens all the time in all asset classes.

>> No.22673636

Weak hands and overinvesting. If you can avoid these two then you'll be in the right mental space to do financial speculation. Easier said than done though since a lot of people have been at this stuff for nearly half a decade and keep making the same mistakes over and over.

>> No.22673663

95% of you reading this would have been better off buying and holding Bitcoin.

>> No.22673686

>>22673663
>all in bitcoin january 2018
>annualized returns ~ -25%
good job retard

>> No.22673687

>>22673305
Whachu mean by people ride waves all the way to the top and all the way to the bottom

>> No.22673691

he doodoos in a bag lmfaooooo

>> No.22673775

Selling your whole stack instead of 50% or just 20%

>> No.22673776

>>22673686
That's a lot better than losing 70-99% on the shitcoins that get peddled here daily, dumbass.

>> No.22673781
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22673781

When a coin has more volume than it has ever had ever, sell it and wait at least a month to look into buying it again.

>> No.22673785

>>22673197
>i bought right before the march corona crash and didnt sell
Same. Sucks that I could've potentially tripled my stacks but tough shit.