Topic: Advice on how to cope up with my Frustrations (Read 159 times)

My dear , patience is the main deal , your grace and that of your friends are not the same. Never be discouraged be focused one day your labor will surely pay

In most cases free bounties or giveaways wont make you rich. You might be rich (somehow) if you have started to click on faucets back in 2012/2013 as the amount of given BTC is very high compared to current prices.

There is no way for getting billions of dollars. In order to do so you need to risk something OR you have an immense amount of money which can be invested without any fears in real life.

Here are some advises from my side:
- You should never panic. If you are looking for the long term dont sell your coins cheap. If the coin is good the price will go up again
- If BTC price is going like a sky rocket, most altcoins will loose in value compared to the BTC. In the most cases the value will return after the BTC price stopped climbing to fast up
- If you dont know what you are doing: STAY WAY FROM ICOs -> you can loose 100% of your money if you get scammed
- If on the long term try to spread your crypto money. Invest the most amount in to coins you personally think will do great. But you should also invest a bit of money into coins you think might be good or some friends of you told about. If you have about 20% of your cryptos in more risky coins, there is the big profit it seems you are looking for
- For the short term i have heard most people are selling in "waves". Meaning: A coin get's up by let's say 50% since investment point. If you sell now you make 50% profit. If you sell everything and the price is going up to 150% you wont be able to get the 100% in addition but on the other side if the price falls down again you have already sold some coins for profit. Seems like values between 15%-25% of your current coin amount are good values to start with. You will always have coins left with this tactic and you still could sell all coins @ 300% if you are happy with it. For new people 15-25% should be good

I hope this is a bit helpfull

Sometimes I feel the same too. I just see that I work as hard as I can, I do much more than some other people do, but still I get less then them or even get nothing. It is some kind of a FOMO. I just try to convince myself that I shouldn't compare myself with someone, as I have my own way.

What is the extent of hard work are you referring to?  The thing about crypto is that you can't be too impatient about things and never compare your situation with others.  Tides change and are totally different from one over the other.  Be inspired by the success of others and learn from your mistakes.  The lessons in Crypto are pretty much the same with life that you just have to apply it.

They are not that much open to me, but they said that just join some bounties. I am asking what they are doing but, I feel that they do not want to give me a piece of learnings or advice.

Please elaborate more on what your friend is doing/has done and what you have done instead and we will happily give you an honest opinion. There is not much at all you are saying to express our opinion. Thanks.

How exactly did they acquire their riches? Are they traders? Did they happen to invest at the right time and caught the huge boom a few months ago? Whatever the case may be, they both require a bit of luck. Hang in there, you can't change the past. If you are just getting into crypto then you'll have to be a bit more patient.

It depends. What "hardwork in crypto" are you referring to? Be specific. Each person has their own specializations so each person may have different ways of monetizing and contribution in the crypto universe.

If you're talking about investing, then probably yea, you may be too impatient.

Good Day Everyone!
I feel like I am a little bit frustrated these past few days, because I am seeing that my friend and his other friends can now buy their wants because of cryptocurrency, I feel like my hardwork in crypto does not paid off

Am I just being out of patience?