Am not so sure you have learned much @OP. From what I've read there, your writing out of your immediate experience and not a time longed one that counts in years else, you won't see hodling a good coin such as bitcoin to be a bad advice. Perhaps your advice might apply to the alts out there as most of them are pump and dump but, not so much with bitcoin and it would be unidea should one swap his or her bitcoin investment for altcoins.
Your analogy doesn't go in exact as business and pleasure don't mix. You can jump unto any relationship but not so much an investment. The approaches are different and so are there executions and exit strategy. Always DYOR on your investment, it offers some securities.
Topic: A lesson I learnt the hardest way ( rigorously for newbies ) (Read 193 times)
There is 95% possibilities that you won't end up with your first love, it happened to me and I am sure it has happened to millions of people out there ( thinking no one will ever be like her) we always fell in love with our first loves but we ended up with another.
The fact is we had no experience at a very young age, we haven't been with two or more people ( can't tell the difference) before deciding to settle down with one, this is the same case with crypto investment.
As a crypto newbie the first time you invest in crypto coins it's easy to build this type of commitment with your coins ( hard to let go ) and that's when you will be seeing Hodl Hodl Hodl news and advices here and there.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
Lastly, treat coins as an investment not as your wife.
If you want to balance your investment and your personal life, then be more flexible and never invest more than you can afford to lose. Investments are very essential these days but if you can’t manage your investments well, you will bound to lose everything you have. And if you start seeing your investments are not working anymore, then don’t bother to sell and find another one that is worth your money and time. The fact is we had no experience at a very young age, we haven't been with two or more people ( can't tell the difference) before deciding to settle down with one, this is the same case with crypto investment.
As a crypto newbie the first time you invest in crypto coins it's easy to build this type of commitment with your coins ( hard to let go ) and that's when you will be seeing Hodl Hodl Hodl news and advices here and there.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
Lastly, treat coins as an investment not as your wife.
It's the first time I've seen someone link romantic feelings, first love, and investing in cryptocurrency.
The point you are trying to make in the topic may have been missed, but in general, "Blind attachment to anything makes you lose that thing."
Blind attachment to first love, a childhood game, the first phone, the first school, etc. The same thing extends to investment, do not defend impulsively for a currency just because you bought it, but always Do Your Own Research.
Ops may have missed both concepts of love and passion, and relating cryptocurrency coins such as Bitcoin to a romantic love affair is quite incomparable, because while he may fall in love as a juvenile, he will require long term knowledge, patients and time to be a better Bitcoin/crypto holders.The point you are trying to make in the topic may have been missed, but in general, "Blind attachment to anything makes you lose that thing."
Blind attachment to first love, a childhood game, the first phone, the first school, etc. The same thing extends to investment, do not defend impulsively for a currency just because you bought it, but always Do Your Own Research.
If he approaches Bitcoin with the same rush mentality as his love affairs am afraid it will take him a long time to recover from that. When it comes to investment, it is better to d your own research and take your time to build your decisions according to your own experience.
My guess is that the OP associated first love and first coins as a charm that he will stay with for life. But for many here, Bitcoin was and will remain the first and last love of crypto. So your comparison is not very good.
I can't imagine exchanging bitcoin for some shitcoin while watching it temporarily drop.
OP, your problem is the rush. If you are patient and observant, you will succeed both in cryptocurrency and in your relationships.
My point was referring to every new crypto investors (newbies), as a crypto newbie my dream was to make millions from crypto and I knew its never coming from BTC, altcoins gives better returns on investment than BTC. This is what runs in every newbies head. I can't imagine exchanging bitcoin for some shitcoin while watching it temporarily drop.
OP, your problem is the rush. If you are patient and observant, you will succeed both in cryptocurrency and in your relationships.
It seems many do not really understand what I meant by the following
Avoid getting married to your coins
It means know when to let go, know when to sell and take profit, I held unto some altcoins in the past that did really well but because I got too hooked with the coins I failed to sell.
It's the first time I've seen someone link romantic feelings, first love and investing in cryptocurrency.
The point you are trying to make in the topic may have been missed, but in general, "Blind attachment to anything makes you lose that thing."
Blind attachment to first love, a childhood game, the first phone, the first school, etc. The same thing extends to investment, do not defend impulsively for a currency just because you bought it, but always Do Your Own Research.
The point you are trying to make in the topic may have been missed, but in general, "Blind attachment to anything makes you lose that thing."
Blind attachment to first love, a childhood game, the first phone, the first school, etc. The same thing extends to investment, do not defend impulsively for a currency just because you bought it, but always Do Your Own Research.
My guess is that the OP associated first love and first coins as a charm that he will stay with for life. But for many here, Bitcoin was and will remain the first and last love of crypto. So your comparison is not very good.
I can't imagine exchanging bitcoin for some shitcoin while watching it temporarily drop.
OP, your problem is the rush. If you are patient and observant, you will succeed both in cryptocurrency and in your relationships.
I can't imagine exchanging bitcoin for some shitcoin while watching it temporarily drop.
OP, your problem is the rush. If you are patient and observant, you will succeed both in cryptocurrency and in your relationships.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
What do you mean by "married coins"?Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
If you mean to be a fanatic holder of a crypto coin, it is the same as investing blindly.
That's why you need sufficient knowledge before you invest in any crypto coin. It will help you to think realistically and know how to plan for "entry" and "exit" properly. Crypto investment doesn't only requires patience, it also requires smartness and carefulness. You only risk your money if you invest blindly, ignore flexibility, and never learn the development of the coins + current crypto trends. Don't only be a patient investor, but to be a smart investor!!
Lastly, treat coins as an investment not as your wife.
It is too exaggerated if you treat a coin like you treat a wife.I don't think it is the right behavior of a true investor, but it is a dumb investor.
For bitcoin, that's not applicable and it's okay if you have that treatment on how you're keeping it. We all knew how important it is to hold bitcoin when you're optimistic about it and you're looking at the future while having it.
But if you're talking about those random shitcoins in the market, well, you're really missing the point when you get greedy while currently you're in profit but you decide not to sell.
But if you're talking about those random shitcoins in the market, well, you're really missing the point when you get greedy while currently you're in profit but you decide not to sell.
I am very sure that you will do everything you can do just to make the girl say yes to you or to she will become your girlfriend. If you are lucky then you got her heart and if you don't then you are not for her. In crypto, if you did make some research then you bare knowledgeable and have the possibility to earn profit and if you didn't made some research then you are most likely to get scammed or didn't earn profit. See the similarities there?, that means if you put an effort in what you then you have a higher chance in earning profit.
I honestly don't understand what's common between our first love and cryptocurrencies. It's absolutely ridiculous. Relationships in young ages have generally a special position in human's memory, let alone the first person who they went in bed with.
Cryptocurrencies are math. They don't have feelings, they rely on reasoning. You evaluate according to what each provides you. No "first love". No "coin marriage". Just study of the subject.
Cryptocurrencies are math. They don't have feelings, they rely on reasoning. You evaluate according to what each provides you. No "first love". No "coin marriage". Just study of the subject.
So you're saying I should dump my wife and marry crypto? I'm down. Wish I thought of it sooner! Just waiting for that haptic feedback suit to arrive in the mail.
How about just taking your foot off the gas in terms of crypto-currency investment for a while. One of the real problems of Newbies investor is they are so much in a hurry. You want to be quick to dive into another crypto-currency investment after just loosing out on one. And I am certain it's still with the same ideology.
I don't think crypto-currency is as risky as we make it (don't get me wrong) yes crypto-currency is risky but we add to it by the way we expose ourselves to losing out, scammers and fraudsters, low initiative project.
I don't think crypto-currency is as risky as we make it (don't get me wrong) yes crypto-currency is risky but we add to it by the way we expose ourselves to losing out, scammers and fraudsters, low initiative project.
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It was a weird expression and comparison on how "experience and dedication" can benefit us to be better in general. I would see Bitcoin trading as like another field to be invested. I would compare it to how I studied programming back in the days and I was like sort of stuck in "tutorial hell". This goes for my experience when I traded here in crypto. Stuck in tutorial hell on how in the heck would I do my first trade in Binance. Turns out I just needed to experience it and do it myself and learn from there.
Reading books and watching tutorials alone wouldn't help.
In terms of commitment to it, it's a meh for me. I am not really looking for success in crypto anyway.
If you talking about shitcoin then it's not a good investment for the long term and most of them are just being made to make their project profit not you.
Unlike other coins like BTC, lite coin, ETH, or Monero these coins are the best assets and good for long term. If you know the history of these coins I'm sure you know when will be the exact time to sell them to make profit.
Just don't focus on new projects or shitcoins that's not a good investment.
Unlike other coins like BTC, lite coin, ETH, or Monero these coins are the best assets and good for long term. If you know the history of these coins I'm sure you know when will be the exact time to sell them to make profit.
Just don't focus on new projects or shitcoins that's not a good investment.
I didn't understand you very well, what do teenage love and wife have to do with stories from the internet?
Also, everything you advise can be seen from the point of view of women who have husbands. whether the same theory could be used there?
you made a slightly awkward comparison to express the opinion that you should not approach crypto projects emotionally.
you did not write the amount of your loss, but I'm sure it could have been bigger. if you look at it as an investment in your knowledge and experience, maybe not much money was spent.
Also, everything you advise can be seen from the point of view of women who have husbands. whether the same theory could be used there?
you made a slightly awkward comparison to express the opinion that you should not approach crypto projects emotionally.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
you did not write the amount of your loss, but I'm sure it could have been bigger. if you look at it as an investment in your knowledge and experience, maybe not much money was spent.
As a crypto newbie the first time you invest in crypto coins it's easy to build this type of commitment with your coins ( hard to let go ) and that's when you will be seeing Hodl Hodl Hodl news and advices here and there.
You should hold bitcoin actually, if you have understood it and done your own research about it the more attractive it becomes that you actually want to buy more when you can, and it even becomes hard to spend the already accumulated ones, though once in a while you should do that if you get the opportunity to.Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
If you are switching between altcoins this way you'll not make any meaningful return or grow any worthwhile portfolio, you could switch between five to ten different altcoins and they will all stall in their development and fail after sometime, just grow a portfolio with bitcoin starting from somewhere or anywhere, it is more productive than fruitlessly trying to find the right altcoin.
There is 95% possibilities that you won't end up with your first love, it happened to me and I am sure it has happened to millions of people out there ( thinking no one will ever be like her) we always fell in love with our first loves but we ended up with another.
The fact is we had no experience at a very young age, we haven't been with two or more people ( can't tell the difference) before deciding to settle down with one, this is the same case with crypto investment.
As a crypto newbie the first time you invest in crypto coins it's easy to build this type of commitment with your coins ( hard to let go ) and that's when you will be seeing Hodl Hodl Hodl news and advices here and there.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
Lastly, treat coins as an investment not as your wife.
The fact is we had no experience at a very young age, we haven't been with two or more people ( can't tell the difference) before deciding to settle down with one, this is the same case with crypto investment.
As a crypto newbie the first time you invest in crypto coins it's easy to build this type of commitment with your coins ( hard to let go ) and that's when you will be seeing Hodl Hodl Hodl news and advices here and there.
The point of my post is never ever get married to your coins, I have made this mistake as a newbie in my past years and I have learnt that there are many differences between a project and another.
Invest only what you can afford to lose.
Be willing to switch to another coin if your present one goes silent, no update or no constant development, no crime in this.
Lastly, treat coins as an investment not as your wife.
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