I have a lot of crypto experience, so I can't tell everything. maybe I'll say a little painful experience in 2021 when I got a coin from the bounty and the estimate was 2000 $ then I sold it 6 months later the estimate went up to 100k $ there I felt sad because I couldn't hold it for 6 months.
but i saw that there are many people like me, so i started to understand about trend up and down.
Topic: Share your Crypto experience. - page 2. (Read 1534 times)
I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
Surviving investing in crypto definitely requires a lot of patience. It can be seen that many bad times come in the market when the market goes completely down. Then it becomes very difficult for an investor to survive in that market. But one should never lose patience by investing but he should survive in the market with great courage. Many investors have very bad times when the market is in a bad position for a long period of time. So those who have experience in investing have a lot of patience and they don't feel volatility in investment even in bad times but they are patient.
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I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?
The crypto market is a place where knowledge is very important before entering, people without experience should avoid entering without research.It should be known whether the market is bullish or bearish.Because entry is always done in a bear market and when the market goes up you exit the market with profit.Entering the market without experience can lead to huge losses because when you do not know that the market is bullish, entering such a market can expose you to huge losses.Because you are buying where people are selling.So you should have complete knowledge of the market and all the cryptocurrencies, which cryptocurrency and which project is good and when and how to enter.Because only bear season is not only suitable for entry,The crypto you are entering should also be fully informed about its position in the market. Always enter the top projects where the risk of loss is minimal.The second most important thing is to always divide your capital into different cryptocurrencies so that if one project fails, the rest of your capital is safe.
familiarity with cryptocurrencies, specifically trading Given that I prefer investing over trading, I'm still relatively unskilled. I don't trade much, so I don't have a specific approach, but of course I am aware of the proper procedure. Although I don't like trading right now, I never know whether I'll do it again. I'll ensure that I've learned a lot before I get started.
Many long-term investors in cryptocurrency have learned to be patient and to not make investment decisions based on short-term market movements. They also understand that investing in cryptocurrency is a long-term game, and that there may be periods of volatility and low prices.
In short, the best advice for anyone new to investing in crypto, or for anyone experiencing a down market, is to be patient, diversify your portfolio, do your own research and not to invest more than you can afford to lose.
and by being patient we mean years at back of your mind.
In short, the best advice for anyone new to investing in crypto, or for anyone experiencing a down market, is to be patient, diversify your portfolio, do your own research and not to invest more than you can afford to lose.
and by being patient we mean years at back of your mind.
You enter the market when conditions of market was not so good therefore you lost much money but now the market is not so bad and those who have lost large part of their money can enhance their profits by trading in these days.
In previous certain years the market was high and I get good sum of money and the year 2022 was not profitable for me now I think that someone select some good coins and put different portion of money in different coin so their balance can have maximum value after the market grow more.
The trading sometime give you good worth but sometimes it goes against your hope. Therefore wait in case when worth is not according to you hope and sell when you think that this can give you profit.
In previous certain years the market was high and I get good sum of money and the year 2022 was not profitable for me now I think that someone select some good coins and put different portion of money in different coin so their balance can have maximum value after the market grow more.
The trading sometime give you good worth but sometimes it goes against your hope. Therefore wait in case when worth is not according to you hope and sell when you think that this can give you profit.
The first thing that comes to mind is to sell when you see the price falls. That's called emotional trading. You need to have a control over that. That's the first advice I got when I first faced a bear market.
I will tell you to do the same, as this is the best advice to give right now. See what other falls BTC have faced over the year from it's beginning. Then you will understand that is not the end. Just another speed breaker in the road. It will pick up the pace once more.
I will tell you to do the same, as this is the best advice to give right now. See what other falls BTC have faced over the year from it's beginning. Then you will understand that is not the end. Just another speed breaker in the road. It will pick up the pace once more.
Investing in crypto requires first of all intelligence. First of all, to do trending, you have to understand the market in such a way that you don't have to face losses. Investing should be done in good coins. If you invest, you should start with a small amount of money and later invest a little more money if you get a profit. But to profit from trending, it is best to invest in Bitcoin first. If you don't have to face loss in the future, if you trend like this, you can become a good businessman.
if you are a true investor then there is no word like Bad Year for Bitcoin or crypto because this may sounds bad this moment but not in the next coming days.
If you do love trading or cryptocurrency in general you shouldn't neglect the reality and forget the bad event or situation already happened in current day and the past, such as when it's on bad situation or bad market. Sure, like you said it could be better in the future but bad "day" or "year" does exist and instead of worrying about stuff, many people use it to buy more so it's still win to win for some traders.
I think investing in crypto should not lose patience as it definitely requires a fair amount of patience. Otherwise it is not possible to make any profit by investing. If you invest in the market now and hold it patiently for a long time, you will definitely be able to manage as a trader. Otherwise you need to have a plan to get rich in the future by investing and you need to acquire good knowledge as an investment. Only then can you make yourself a successful trader by investing in crypto.
Yes I agree with you on this point. Because if you ever invest in cryptomarket that is the first thing you should do. You have to keep a cool head and keep an eye on the market situation. When the price of any coin in the market increases and when the price of any coin goes dumping. You have to target and exploit those coins so if you can exploit them for a few days then you can be profitable in a very short period of time. I think investing in crypto should not lose patience as it definitely requires a fair amount of patience. Otherwise it is not possible to make any profit by investing.
It's fair to think about patience and I agree to you. Because investors like me that don't have much knowledge before and still stick to the market and became patient.I've reaped the rewards that one can do.
It's all about being patient and you've got still to do some research before doing anything so that you'll still get something for yourself, profit and learnings.
I never allow my bad past experience in trading to deter me from quitting, I had mixed results so far and I am as well gaining more experience in trading in as much as losing a trade is inevitable especially on bad days while I made profits in other days I am working hard to have an edge over the market I will keep on trading because I knew there are better days and more opportunities ahead.
There must be a place where you have to evaluate your strength and weaknesses, if your weaknesses are above your strength you need to break for a certain time and come back later with a good strategy and strength.
Before depositing money in a trading platform, you should first test your strategy. Checking your wins and losses isn't enough because you'll be losing this way; you should first test it in demo account or by looking at the coin's history. Also, always have a risk management plan in place to avoid burning your account, which is one of the most common problems in trading. Your trading strategy will improve over the time when you see the ups and downs in the market and you can now identify if your strategy will work on the current trend of the coin
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The point is the evaluation of trading results, of course I think it is important to do. Evaluating is part of good financial management for a trader. They will know about how much profit and loss they have made so far, if it is profitable then the strategy can be maintained and if it is a loss then obviously they have to change their strategy.About crypto experience especially trading I'm still very inexperienced given my leanings about investing over trading. I don't trade much so I don't have a particular strategy, but of course I know the right way to do it. Right now I don't like trading, but I never know if I will do it next time.
Even in this forum, there was when I was readily online and was intoxicated by the activities of the forum. But immediately I clocked 1 year in the forum. I evaluated my activities in the forum, I scored myself and decided to be on the moderate in order to last longer here.
That is the difference between a long time trader and an opportunist or a gambling trader.
Every trader has mixed results and it shouldn't deter any good trader to stop trading but what happens is that at a particular time you need to evaluate your number of losses and number of wins and see if you are making a good progress. If you are not making a progress you try to change your trading strategy and also change your management of finance.
There must be a place where you have to evaluate your strength and weaknesses, if your weaknesses are above your strength you need to break for a certain time and come back later with a good strategy and strength.
The point is the evaluation of trading results, of course I think it is important to do. Evaluating is part of good financial management for a trader. They will know about how much profit and loss they have made so far, if it is profitable then the strategy can be maintained and if it is a loss then obviously they have to change their strategy.There must be a place where you have to evaluate your strength and weaknesses, if your weaknesses are above your strength you need to break for a certain time and come back later with a good strategy and strength.
About crypto experience especially trading I'm still very inexperienced given my leanings about investing over trading. I don't trade much so I don't have a particular strategy, but of course I know the right way to do it. Right now I don't like trading, but I never know if I will do it next time.
I never allow my bad past experience in trading to deter me from quitting, I had mixed results so far and I am as well gaining more experience in trading in as much as losing a trade is inevitable especially on bad days while I made profits in other days I am working hard to have an edge over the market I will keep on trading because I knew there are better days and more opportunities ahead.
There must be a place where you have to evaluate your strength and weaknesses, if your weaknesses are above your strength you need to break for a certain time and come back later with a good strategy and strength.
I never allow my bad past experience in trading to deter me from quitting, I had mixed results so far and I am as well gaining more experience in trading in as much as losing a trade is inevitable especially on bad days while I made profits in other days I am working hard to have an edge over the market I will keep on trading because I knew there are better days and more opportunities ahead.
1. If you plan to HODL long get a good portion of your portfolio off exchanges if you haven't already.
2. Enjoy the ride
2. Enjoy the ride
90% of the crypto I own is now on my ledger.
I am coming up to 1 year in this crypto space and it has felt like a long year but at the same time has gone pretty quick!
Are we thinking another year before prices start to really shoot up again?
I think investing in crypto should not lose patience as it definitely requires a fair amount of patience. Otherwise it is not possible to make any profit by investing. If you invest in the market now and hold it patiently for a long time, you will definitely be able to manage as a trader. Otherwise you need to have a plan to get rich in the future by investing and you need to acquire good knowledge as an investment. Only then can you make yourself a successful trader by investing in crypto.
1. If you plan to HODL long get a good portion of your portfolio off exchanges if you haven't already.
2. Enjoy the ride
2. Enjoy the ride
90% of the crypto I own is now on my ledger.
I am coming up to 1 year in this crypto space and it has felt like a long year but at the same time has gone pretty quick!
Are we thinking another year before prices start to really shoot up again?
if you are a true investor then there is no word like Bad Year for Bitcoin or crypto because this may sounds bad this moment but not in the next coming days.
If you do love trading or cryptocurrency in general you shouldn't neglect the reality and forget the bad event or situation already happened in current day and the past, such as when it's on bad situation or bad market. Sure, like you said it could be better in the future but bad "day" or "year" does exist and instead of worrying about stuff, many people use it to buy more so it's still win to win for some traders.Meanwhile investors who bought at high price just like the OP will have to be patient and endure because historically and based on past records crypto market do experience a bullish runs which is the perfect time to sell though it might not last longer like the bearish run.
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