How Inexperienced Retail Investors damage crypto BUY HIGH/SELL LOW

in #crypto6 years ago (edited)

This was really good exemple to show how people lose money in crypto and same people will shittalk in Telegram / Discord and blaming everyone except themselves.

Our Hero Today is : http://bts.ai/u/cheyne-dunford

How noobs sell their coins :

#Market SELL coin which was traded 700-1K sat few days ago
At the same time he could sell them at 550sat on Stocks.exchange
But he prefered to sell everything on CB for -50% discount.

Screenshot at Aug 05 15-52-52.png
Screenshot at Aug 05 15-43-14.png

#FOMO BUY MARKET AEX spread 560 sat / 1000 sat

Screenshot at Aug 05 15-40-50.png

#FOMO BUY ALQO

Screenshot at Aug 05 15-40-27.png

Conclusion :
Cryptomarket is vulnerable to people who have no idea what they are doing, and it's a matter of time they will be screwed out.
As contrarian you want to do opposite, but always DYOR.