Crypto investors lose money after selling high, buying low
13 posts across 3 communities in the last 60 days; 69% from r/CryptoCurrency.
“Pumping, dumping, or just an asshole that everyone hates? I cannot stand this dude, and I will say with 100% confidence that he is working hard to not work hard to the detriment of everyone that "invests."”
“That's the problem, why would you care if it keeps going down? It just means you will buy cheaper next month.”
“People downvoting the most classic stock advice of “buy low” are literal idiots [re: If there’s a significant recession should you just maximize spending into index funds?]”
Several users express frustration with losses incurred by selling cryptocurrency at a lower price than they initially purchased it. They are questioning advice received on the forum and expressing concern about market narratives.
SOURCES (23)
“People downvoting the most classic stock advice of “buy low” are literal idiots [re: If there’s a significant recession should you just maximize spending into index funds?]”
“A very moderate and conservative approach. As it should be. And that's why you'll end up beating 95% of the "traders".”
“They don’t know better - the first time. After you lose some $$ you look past the ads and hype and get more cautious, but there’s always another new person who doesn’t know what isn’t on the advertising. Scams rely on new victims. It’s 100% preying on the gullible.”
“Hard truth every time. Six months of sunk time and money finding out the market doesn't want it is a far worse outcome than one uncomfortable call. Sounds like you gave him something way more valuable than encouragement would've, he can now go fix the actual weak points instead of finding them out the expensive way. Not the bad guy at all here.”
“It’s always the “ listen to me” ,“ I know everything” guy that makes no money and still bag holding and you mad you are missing opportunities once again because you are a sheep and you want everyone else to lose money since you are. And if you think I’m lying I can show you screenshots of my trades from when I bought and sold. I know you are not willing to show. It’s always the guys with 1k portfolios that act like they know everything.”
“Yeah...... except no? I'm sorry but I'm not in the habit of lending money, in any size to people who are that callous about regulatory risk. There is this thing investors talk about called "opportunity cost". By lending to you, they lose the interest they could have gained on a proper venture, even if they get their principal back. Not sure why an investor would give 50k in reserve funds to a guy, who does not plan on using the reserve funds that his business structure clearly”
“Based on? OP is a shill. Bitconnect got shilled as fk back in the days, yet this sub saw it coming back then, just like most see Ztrash for what it is. But you clearly weren't around back then.”
“Don't worry people lose money without even getting scammed. Consider is a lesson and move on. I lost 10k+ in the 2022 crash and then watched it rise up 5x what I originally put in, but I already sold it all for bread money. My advice, don't bet the house kid”
So basically don't YOLO and use stop-loss... They're not one of us then.
“when you wake up and realize that people suck at handling money, the "best" solution to help them is often to remove the human from the equation. folks like you/us that engage in online financial forums like this are excluded (you're not in the choir) from the "advice " these talking heads dole out to the masses. transitioning away from pensions into 401ks significantly "hurt" most people, because most people suck at managing a 401k. Thank goodness they have the”
“Pumping, dumping, or just an asshole that everyone hates? I cannot stand this dude, and I will say with 100% confidence that he is working hard to not work hard to the detriment of everyone that "invests." submitted by /u/ansyhrrian [link] [comments]”
“That's the problem, why would you care if it keeps going down? It just means you will buy cheaper next month.”
“OP was never going to buy while “the price was in free fall” for fear it would keep going down. that’s how they get you”
“If you're not making money right now, then just stop or start doing some effort for yourself instead of giving Reddit your wisdom.”
“If you're going to gamble on shitcoins, don't take advice from random people here.”
“Crypto communities in general are full of bad advice because very few people ever actually use crypto so no one understands it. However, what OP is talking about is also nonsense because coldcard was only ever mentioned in threads with other hardware wallets and was never "pushed" by anyone or anything relevant here ever. Anyone can do the most basic search and see that was the case. If people are getting heated over a few tangential comments in threads about hardware wallets, then the”
“Talks about how this forum gives terrible advice. Proceeds to provide terrible advice to buy BTC "because it's always gone up in the past". Well at least it makes your thesis consistent.”
“I personally think it's an ESH situation. The people shitting on the victims of fraud suck. No matter the reason. I don't care if the person went to canihazyourprivatekey.com and entered their private key. Victim blaming is nasty and makes you a bad person in 100% of circumstances. The people shitting on recommendations for coldcard also suck, people made good faith recommendations to what they thought was the best option. That's all people can do. This is a really shitty and largely”
“Am I the one in a narrative bubble? Look at the kind of sources you are providing.”
“You're right about the herd mentality but wrong about price calls being garbage just because they haven't hit yet.”
“After this incident with Cold Card I'm now fully convinced that this forum is generally awful for anything crypto related. That stupid wallet was shilled all over the place on this forum while everyone was telling those to ditch Ledger for Cold Card. Cold Card, a wallet not even in the top 10, was made by a company with only 5 employees that's been around for roughly as long as Ledger with only 6 figures in 1st. round funding, vs. hundreds of millions with Ledger over several rounds. Led”