Share your Crypto experience. | Bitcointalksearch.org

MiF

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Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.

My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.

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?

Thanks

Well we have different experience in crypto, i am in crypto since 2016 i am doing signature campaign together with investing on some new projects i have a lot a good and bad experience,and i am thankful that after all these years i am still here doing the same thing with patience,all i can say is that if i am a good holder from the past maybe ive already earn millions,i have a big regrets when i saw my transaction history of selling coin specially Bitcoin if only i hold it till this present time maybe i am now millionaire but past is already past we need to move on for good so for me holding is a good strategy based on what i experience before,holder is alway win.

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Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.

My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.

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?

Thanks

Haha, no bro even 10 months back was a good entry time and you've entered in good zone of the market and are still desperate why? haha just think about those who entered in the last Bull rally and took the entire bear zone pressure all these years still they are inn big loss but waiting patiently you should learn to control your emotions in the market because its one of the most important things.

Market always test the weak hands and mostly weak hands lose, it was a good accumulation time in last week.

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Quote from: slaman29 on May 06, 2024, 05:43:02 AM

Yes I know how to count

It is not the same profit, but it is the same regret. People keep 'regretting' every cycle. So I'm just saying, don't keep ending in that cycle, it gets more regretful every ATH.

It is very hard to believe in history and words told by other people. So people who participate in this market must experience it, with time and some cycles like at least two cycles to miss opportunities, feel regret by hesitating too much and missing chance to get profit. After one cycle, they can learn something and avoid same mistake in a next cycle. But there are people who hardly to change after one cycle and they need like three or more cycles to change.

Quote

Keep the DCA started early and you will not look back again.

DCA Bitcoin. I repeat this 100x so newbies can thank me in future.

DCA is very good method for investment money in Bitcoin but 100x from 2024 price, Bitcoin will have price about $6,500,000 tu $7,000,000. It's very high price and I believe in $1M price first and I even don't know when Bitcoin will be trade around $1M.

$6M to $7M for 1 BTC is too much and in your post, you can not know when it will happen. If it is like 2100s year, it is too far for most of us to wait and get profit.

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Quote from: bitgolden on May 05, 2024, 11:12:00 AM

Those do have a big difference between them you are aware of that right? Cheesy

I mean 10 to 1000 is 100x higher, whereas 1000 to 4000 was 4x and 4000 to 20k was 5x higher, so as you can see it is not the same as "good old days", hence why there are so many people who end up investing into alts as well because they think that it doesn't really feel like it is a wrong thing to do because alts could still go a lot higher, the problem is that we are not sure which alt will go higher and that is why we may pick one that would be terrible and crash if we are wrong.

We should probably consider the fact that picking bitcoin and just investing long term is a lot better. I think it should be something to care about because if we pick bitcoin that will definitely be a lot better.

Yes I know how to count

It is not the same profit, but it is the same regret. People keep 'regretting' every cycle. So I'm just saying, don't keep ending in that cycle, it gets more regretful every ATH.

Keep the DCA started early and you will not look back again.

Altcoins prove over and over that you're gambling and never reach ATH again. Look at ETH, DOGE, LTC etc all fail to reach old ATH when BTC was running. Like every time! And people fall for it again? And again?

DCA Bitcoin. I repeat this 100x so newbies can thank me in future.

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Quote from: Zanab247 on April 27, 2024, 10:23:01 AM

If your target is to make a big profit from your crypto trading, I guess that 10 years of hodling is too small for you to achieve your goal because you can be expecting big profit from your hodling when you hodl more than 3 years, and you will surely achieve big profits from the market.

For me its more about risk management. Just set a stoploss or a clear invalidation that your conviction in your investment is wrong. And the only conviction that I have on Bitcoin me being wrong is when it goes to zero. So I will hold it until it reach my personal conviction of 300k otherwise I am wrong. And as long as it's not reaching yet my target, I will continue averaging in so that my investment would compound overtime. I'm talking about investing in here and not trading. So the timeline in here is long that also ease my fear that I have a lot of time before I reap my investment. No pressure for me.

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Quote from: slaman29 on April 29, 2024, 08:44:07 AM

This is the mistake people in bitcoin made since 2012. They thought it was only possible to buy early when price is "cheap".

$10 was cheap at the time. When I got in, $1000 was cheap. Then after the 2017 bullrun, $4000 was cheap. Then in this recent one, $20000 was cheap.

Trust me in next cycle people will see $60000 as cheap.

And THAT is why I say DCA is the best, no trader knows for sure when the cheap price comes, they can guess, they can get it right sometimes. And usually only need to get it wrong a few times to bust.

Those do have a big difference between them you are aware of that right? Cheesy

I mean 10 to 1000 is 100x higher, whereas 1000 to 4000 was 4x and 4000 to 20k was 5x higher, so as you can see it is not the same as "good old days", hence why there are so many people who end up investing into alts as well because they think that it doesn't really feel like it is a wrong thing to do because alts could still go a lot higher, the problem is that we are not sure which alt will go higher and that is why we may pick one that would be terrible and crash if we are wrong.

We should probably consider the fact that picking bitcoin and just investing long term is a lot better. I think it should be something to care about because if we pick bitcoin that will definitely be a lot better.

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Quote from: lixer on April 28, 2024, 04:17:06 PM

Quote from: slaman29 on April 27, 2024, 11:18:02 AM

90% of us are not built to understand how to trade bulls and bears. It's a fact, we just have to accept it.

I think it is only possible if you buy early when price is still very cheap.

This is the mistake people in bitcoin made since 2012. They thought it was only possible to buy early when price is "cheap".

$10 was cheap at the time. When I got in, $1000 was cheap. Then after the 2017 bullrun, $4000 was cheap. Then in this recent one, $20000 was cheap.

Trust me in next cycle people will see $60000 as cheap.

And THAT is why I say DCA is the best, no trader knows for sure when the cheap price comes, they can guess, they can get it right sometimes. And usually only need to get it wrong a few times to bust.

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Quote from: slaman29 on April 27, 2024, 11:18:02 AM

Quote from: Zanab247 on April 27, 2024, 10:23:01 AM

I thought someone can trade his coins in the bear market to make a big profit, when I newly started trading because I used to see crypto trading like what I can do to become a professional with the knowledge of other business skills I acquired, but I missed a lot of profits that made me to discovered that when you trade your coins in the bull run help you to make a big profit

Now that another bear is about to occur in the crypto market soon, for people to buy and wait for the bull run to come before they can trade, it will allow you not to miss your opportunity too in every bull season which I have experienced positive results from that aspect .

You and everyone who ever did trading because we heard it from someone (yes even me included) fell for this trick.

Bull run, everyone profits. It's no brainer. But they forget that if they hodl anyway, you profit, probably less, but it's always yours. Trading makes you green and happy until the bull hides and the bear takes over. Then you suddenly see everything evaporate.

90% of us are not built to understand how to trade bulls and bears. It's a fact, we just have to accept it.

I think it is only possible if you buy early when price is still very cheap. We all have different reasons for selling and some can't hold for a very long time. With that being said, you shouldn't say that everyone profits in the bull run. Apart from selling early, there are also people who over HODL. It may be bad at first because they can miss the latest bull run but the good news is that they still have their coins and they still can participate on the next bull run which allows them to earn even better. A lot of us are naturally lazy but when it comes to cryptos, I think 90% is too much. Just because we are not built into it, doesn't mean we won't try anymore? No that was wrong.

slaman29

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Quote from: Zanab247 on April 27, 2024, 10:23:01 AM

I thought someone can trade his coins in the bear market to make a big profit, when I newly started trading because I used to see crypto trading like what I can do to become a professional with the knowledge of other business skills I acquired, but I missed a lot of profits that made me to discovered that when you trade your coins in the bull run help you to make a big profit

Now that another bear is about to occur in the crypto market soon, for people to buy and wait for the bull run to come before they can trade, it will allow you not to miss your opportunity too in every bull season which I have experienced positive results from that aspect .

You and everyone who ever did trading because we heard it from someone (yes even me included) fell for this trick.

Bull run, everyone profits. It's no brainer. But they forget that if they hodl anyway, you profit, probably less, but it's always yours. Trading makes you green and happy until the bull hides and the bear takes over. Then you suddenly see everything evaporate.

90% of us are not built to understand how to trade bulls and bears. It's a fact, we just have to accept it.

Zanab247

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If your target is to make a big profit from your crypto trading, I guess that 10 years of hodling is too small for you to achieve your goal because you can be expecting big profit from your hodling when you hodl more than 3 years, and you will surely achieve big profits from the market.

I thought someone can trade his coins in the bear market to make a big profit, when I newly started trading because I used to see crypto trading like what I can do to become a professional with the knowledge of other business skills I acquired, but I missed a lot of profits that made me to discovered that when you trade your coins in the bull run help you to make a big profit

Now that another bear is about to occur in the crypto market soon, for people to buy and wait for the bull run to come before they can trade, it will allow you not to miss your opportunity too in every bull season which I have experienced positive results from that aspect .

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Quote from: awik p on March 14, 2023, 12:19:32 PM

since I know cryptocurrencies, I rarely hold bitcoin, but I invest in ethereum, in the hope of being safe and getting bigger profits. but one time I trusted a new altcoin and I invested in it, but bad luck happened, the project failed and the altcoin became ashes until now, even though it had pumped, but I didn't sell it, therefore from my bitter experience, at this time prefer safe altcoins to invest, although trying my luck on new altcoins, I only use a little capital and not for the long term

I, too, am an investor in altcoins. I primarily do bitcoin and other coins such as ethereum, but that's not it because I feel that I can still earn more through investing and discovering new coins that have the potential to grow. And, like you, I also invest in new altcoins that have a project. When I see a promising coin, I immediately invest in it. Yes, it's too risky because we never know what will happen to it, but as I said, I only invest in new coins and projects that have the potential for growth. I experienced investing in a project that didn't last long, but it's okay. It's a lesson to be learned, but I also have a lot of coins that gave me profit, and I'm proud of them. So even with just bitcoin, I can still earn, but nothing beats the opportunity bitcoin gives; nothing beats the first coin.

JamesDaniel90

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Quote from: Chato1977 on February 07, 2024, 10:42:08 PM

Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.

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.

Quote

My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.

lol 36% and you are reacting like this? what about like mine that losses more than half of my investment at this moment?

Quote

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?

Thanks

experience is what you are asking? then keep Holding thats it because there is no more powerful way of investing than Keeping the coins on hold for longer time than being bothered by dumping market like now.

I started this thread 15 months ago and glad to say I am in much better position now, my portfolio is 28% in profit.

We are only a few months away from the halving now so good times are coming finally.

Chato1977

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Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.

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.

Quote

My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.

lol 36% and you are reacting like this? what about like mine that losses more than half of my investment at this moment?

Quote

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?

Thanks

experience is what you are asking? then keep Holding thats it because there is no more powerful way of investing than Keeping the coins on hold for longer time than being bothered by dumping market like now.

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since I know cryptocurrencies, I rarely hold bitcoin, but I invest in ethereum, in the hope of being safe and getting bigger profits. but one time I trusted a new altcoin and I invested in it, but bad luck happened, the project failed and the altcoin became ashes until now, even though it had pumped, but I didn't sell it, therefore from my bitter experience, at this time prefer safe altcoins to invest, although trying my luck on new altcoins, I only use a little capital and not for the long term

huu78

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i have been in crypto for 4 years but not holding coins long term.
so I buy when there is an opportunity to go up then sell it maybe only holding it for 1-3 months.
then look at other coins.
and also from these transactions I also experienced losses and did not always profit but I enjoyed my process like that.

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Quote from: naikturun on March 10, 2023, 11:21:32 AM

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.

Could you tell us which coin this was, as far as I remember most of the newly launched coins have been performing poorly, I may have missed some golden eggs there. My experience with altcoins have been that only, getting a golden egg is like searching for a needle in the haystack so it is a worthless attempt to make when you have bitcoin always ready to buy.

If you did make a profit here, forget about it and move on, consider yourself lucky that the same coin did not go down in the dumps and never went up, which has been the case with most altcoins.

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Quote from: Jody.Drummer on March 11, 2023, 01:52:12 PM

Quote from: Sorryfor on March 10, 2023, 11:05:34 AM

Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

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.

Patience is really needed in this space, and there are not many people who have that kind of patience, especially when they see the profits that are already in the portfolio, they definitely want to be quick to enjoy them. Fear must also be suppressed because the market situation will not always be good and profitable, and it is in situations like this that we must suppress our fear and not make the mistake of panic selling, for example. We have to instill basic things like this in ourselves to become a good investor. These things may seem trivial, but they really matter in a world like this.

Agree, when it comes to patience then each person does really have that different level when it comes to patience on which not all people could really wait up for too long and not all would really be liking on
doing nothing at all and this is why they do really put up into their minds that they should really be doing up something so that they could really be able to see profits on shorter duration without needing
on having those long term holds.

Crypto experience out of long years is really like a roller coaster ride.Lots of things could happen along the way which is something not really that shocking since market is unpredictable
and cant really be known on where it would be going.

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Quote from: Sorryfor on March 10, 2023, 11:05:34 AM

Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

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.

Patience is really needed in this space, and there are not many people who have that kind of patience, especially when they see the profits that are already in the portfolio, they definitely want to be quick to enjoy them. Fear must also be suppressed because the market situation will not always be good and profitable, and it is in situations like this that we must suppress our fear and not make the mistake of panic selling, for example. We have to instill basic things like this in ourselves to become a good investor. These things may seem trivial, but they really matter in a world like this.

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Quote from: naikturun on March 10, 2023, 11:21:32 AM

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.

I don't know which one that is, but that is a whole ton of money. What went from being 2000 dollars as a "bounty" which is already an insane amount of money and not a simple thing, but then also ended up being 100k which is 50x higher at the same time just in 6 months? Not many things like that exists in the bitcoin world and that sounds like you are either not really giving the right numbers, or that is one of the most unique situations in the all crypto world that has ever happened.

Both 2k as bounty is something I have never heard, and 50x after bounty is also unheard of as well, if I had that, I would regret that as well, very much so.

lixer

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Quote from: Munir575 on March 07, 2023, 07:26:57 PM

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.

So if you prefer investing over trading, why you must familiarize yourself more with trading when both acts are different? Trading is not simple and you can only waste your time if you won't engage on it after you master it. It is okay to be unskilled in investing because you will mostly do nothing here right after you buy the coins you think will have a great future. Picking coins isn't that hard as well because there are guides on different websites if what coins are best depending on our preference if we want either short or long-term.

@OP, no you did not enter on a wrong time but it was actually a perfect timing because last year was the start of the bear market but in fairness you acted mature enough as a newbie in cryptos. Just continue what you are planning and you will survive this bear with a profit in your hands.

Topic: Share your Crypto experience. (Read 1534 times)