Topic: Be Decisive with Your Coin (Read 369 times)

A lot of us probably makes a lot of mistakes when we are just a beginner or we just started trading or investing in Bitcoin and cryptocurrency, I mean it was pretty normal to make mistakes especially if you are just a beginner but just make sure to don't let that mistakes happened again, always learn from your mistakes but what is better is to learn from other peoples mistakes so that you can avoid making mistakes or bad decisions. At some point you're going to make mistakes but you could lessen than mistakes you make and avoid losing money if you already learned from other people, I mean we already have the forum and when I just first started in cryptocurrency I actually learned a lot here and members also are trying to help me, also I help them as well sharing my experiences. I would say that we are pretty lucky knowing this Bitcoin/cryptocurrency forum because it is just the best.

My advise was just to make sure that you have enough savings something like that, that you could use before even starting in cryptocurrency because this is a risky investment if you didn't have some kind of savings you just gonna end up selling your cryptocurrency at a bad timing or at a lose because you need the money for an emergency. This actually work in my experience now i just continue to accumulate Bitcoin and aiming for the next Bullrun without worrying because i can sustain my self with my other incomes.

I agree mistake is not something to be ashamed of and at same time also not something you should be proud of. Making the right solely depends on you and although some make these mistake due to the newbie effect but most people quickly learn and take to correction when it's come to being decisive with the exact coins they would love investing in.

In order to have the right decision with our coins, we must have the right knowledge about it.  With that, we must also develop faith that the coins will deliver.  Personal experience may give us good lecture but I think it is much better to learn from the mistakes of others.  This way we will avoid the loss of funds.  This needs us to have a keen observation and be smart to integrate and simulate other experiences so that we can absorb the experience.  These factors can help us to be decisive whenever a certain event happens.

Also, avoid getting hyped and don't be greedy, greediness can make us miss out on the opportunity to profit from sales.  We can always buy back when the price goes down.

My guess is that you meant overemphasized, right?

Decisiveness, not just in cryptos alone but in all we do, is a manifestation of quick thinking. However, we've to note that being decisive doesn't mean that the decisions taken will turn out to be great. What it simply means is that one is able to tackle the situation headlong. I've taken certain decisions that seemed right by my assessment on the spur of the moment but later turned out regrettable. We only get to know if our sense of judgment is good or not on hindsight, not on the spot.

I've a lot of bad decisions but I've done good as well so on this I'll tell the good one for which everyone has probably experienced as well.

And that is stocking Bitcoin. Yeah, the holding of Bitcoin is one of the best decision that I have ever made. Some may be lucky with meme coins or any other cryptocurrencies.

But for me, it is with Bitcoin and I am sure that many others as well have done the same thing and it is what we're telling to people nowadays. To Buy Bitcoin.

You are right and I completely agree with it but sometimes we can't help it if we made some losses even if we intend to stay on safer side. I am sure you know that some people did really want situations that are on their favor but ended up on losing side and that's why I said that sometimes doing mistakes unintentionally or unintended will help us learn to never do the same mistakes again. It's not about saying that someone should want to do mistakes intentionally to have losses. I know you get it and I also understand your point which is why I completely agree with it.

If there are no mistakes then there won't be any lesson. I remembered making same mistake some years ago and I lost some of my funds. There was this project that was over hyped and everything looks good. I was young and naive to most of the crypto scams, I was carried away by the publicity and the partners backing it. I bought with most of my funds, few weeks after the project owners pulled the plug and that was the end.

I've come to accept my past mistake and I learnt two valuable lessons to always do a proper research before investing in any project and to invest what I cannot afford to lose.

one of the first mistakes made by newbies is making a decision about a coin because some crypro influencer has made a prediction that it will xxx in 2 weeks. The fear of missing out kicks in and they join the train to buy the coin without acquiring the required knowledge to come to a conclusion about the coin soon after they become rekt. This was what I did in my earliest days in crypto. Bitcoin was the second coin I bought but the first one that forced me to do my own research and take a decisive step.

Well, in my experience, timing is very difficult to guess. Among my most improper decisions there were coins I sold too early, before they took off, and coins I never sold which are now worth nothing but they could've loosen my financial obligations. Don't take me wrong: I made some good decisions too, so my economy is better now thanks to crypto, but losing money due to hard and bad decisions in this world is much easier than we can think in beforehand.

I suppose that one must live it, according to what you said about experience, but in case knowledge is enough to avoid failing there, I hope my testimony helps.

Being decisive with your coin is related to your degree of confidence; if you're not confident in your judgement in cryptocurrencies, you'll always end up regretting your decision. It is acceptable to fail often, but keep in mind that experience is the best teacher you will ever have. That will only increase your knowledge, confidence, and scepticism when making a fresh decision about what to do with your coin.


There have been numerous attempts by me to make a decision that does not favour me, but since I've made the decision to accept the outcome of my decision making, it only makes me more enlightened when making the next decision about what to do with my coin. It is your decision, and you will never do it properly unless you learn and do what works best for you.

But sometimes you can't afford losses so it's better to be on safer side beforehand and invest money wisely.So suppose you have limited resources and you spend them on some useless token that turn it all into loss so you now have learned lesson but at what cost? So if you stick to some good options like bitcoin for long term only then you don't have to worry a lot but still we learn from mistakes but there are people who will continue to do the same thing even after realizing what they have done.

Before you invest in a crypto coin, you must know well the coin deeply. So, you won't experience a hasty decision on the coin without know well the potential of the coin for the future. It is quite strange that someone invests in a coin but he don't know well the coin is. Sure, to know the coin well, we must take a deep research and it can be done only if we have good knowledge about crypto. That's why we often see the people's suggestion that everyone who wants to begin crypto investment/trading, they must learn a lot first. Knowledge is the key besides having good mentality.

I also experienced taking the wrong decision on my coins. Most of them are caused by being greedy and lack of knowledge. Once again, knowledge has a very important role. And we must avoid greedy as well, this attitude really impacts badly. I lost quite a lot a few years ago because of greedy, it was a very sad experience that become a very big lesson for me.

The last bad decision I made was when I was a newbie and I want to sell a coin I bought during bounty and along the line I wanted to sell but as a newbie I didn't know how to set the price parameter well and I obviously sold my coins underpriced since then I realized that,  in cryptocurrencies,  you are born to make some irreversible mistakes that could cost you the entire portfolio.

So for that,  newbies need to be very careful about some things and for that to happen one needs to be very wide in knowledge and research that can expose you to much information that could save you a lot.

Who wouldn't want in control of their coin especially if the decision you will make can cause losses in profit. Anyway, mistakes is what will help us make good decisions in thr future since you already know the outcome if you make the same decision you make before again then the result would be the same. No matter how smart a person is there will be bad decisions that he/she will make. When you have good controyof your coins means you are responsible and won't get tempted by greed.

It will take a while to read and go through all the posts well I think probably the initial stage of every member always carries the same semantic decision loads and as if the decisions seem familiar to each or you can simply say frequent decisions carry the same results as well. In my case, I never came up with good capital in the market in my early days.

As for students I took my entry in the crypto market from the Airdrop hunting to here my journey is transparent haha, I was not even sure how long it will carry me but now when I look forward and backward I feel like I really made some good decisions as for staring a journey with crypto rather than wasting time on the survey sites haha as all the pozi stuff. I was an Airdrop hunter now ALhamdullilah I can say I have a little experience in the market as I can trade in most of circumstances.

I would say mistake are some of advantage to us but it would sound someone odd but the truth is that we actually make these mistake in order for us to grow and take to correction and the best part is that your mistake can also teach someone a valuable lesson in the right track to take as I have learnt alot through this forum about such mistake like yours and on learning all these have guided me not to make these mistakes myself.

You are really in control of your coin - and for that fact, I think you're also responsible for any actions you take, good or bad. I took the wrong track once when I was still a NEWBIE in crypto - I deposited some little amount of SATs In my wallets and left it there, with the hope that it rises maybe in the space of weeks or months without a second thought.
Then my hope was crashed as BTC went below the belts - I lost almost half of my initials and that wasn't funny at all.. I really felt dumb - more like an ass but then, when I learnt my way to this day, I realized that I didn't even make any analysis and that was the problem... I'VE LEARNT ALOT ON BTT.

Sandra 🧑‍🦰

I just check the link you provided data's were presented but not much were written to explain the season. If you don't mind you can provide a hint of one or two that can give me insight to  seasons in crypto.

You know how seasons works in real life? Same happens in Crypto. You should know when to rotate your money from one season/category to the other.
Here is a link which you might want to look at to understand which Season we are in currently - https://www.blockchaincenter.net/en/altcoin-season-index/

According to the data, we are currently in Bitcoin Season.

One thing I learned to accept later on in cryptocurrency is that, you can never be way too smart on investments and no one is a know it all or a know it more.

Over the course of me taking altcoin investments in the genesis years of my crypto journey, I looked up to mentors for clarification on what coins to buy or not to buy because, I had no confidence in what I could do or evaluations I could come up with. I trusted so much and had to buy when asked but guess what, both myself and the acclaimed ended up loosing more often than we won and the wins were never noticeable.

It tells you, no one is best and what happens is just speculations out of what we merely think could be. So, you choose today how to invest your money, on what coin and what’s your goal for a project. That’s just be it and should it go south, you’ll be good to suck it up.