Topic: Beginner Mistakes!!!!!!!! (Read 703 times)
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Good call If you want to get rich you need to lose money and learned from it your now the only has this experience this includes me !
Experience is a valuable teacher. Don't regret if you ever bought bitcoin for 15200, because I'm sure the price of bitcoin will be higher than that price. You just have to wait and stay positive. This decline is only temporary and will not last long. Be patient.
Plenty of the newbies will encounter this kind of situation expecially from year 2017 December to 2018 January when bitcoin reached an all time high price. The motivation for so many of these people was to make quick money but the pattern changed. If you are new in any space, the ideal thing is to study the system well enough.
you make point here, specifically i heard about bitcoin when it was at it higher rate which was ending of last year, i decide not invest then because if i convert it to my local currency the fund was to higher and i don't have such money then but now am happy i did not get involved then because the price is down now and i could have run lost.
Plenty of the newbies will encounter this kind of situation expecially from year 2017 December to 2018 January when bitcoin reached an all time high price. The motivation for so many of these people was to make quick money but the pattern changed. If you are new in any space, the ideal thing is to study the system well enough.
HellO!
My mistake wos buy bitcoin in december 2017))
Now I consider myself a hamster. But I trying to fix it...
I will have a chance to fix my mistake)
My mistake wos buy bitcoin in december 2017))
Now I consider myself a hamster. But I trying to fix it...
I will have a chance to fix my mistake)
I learn this by heart and never forget. I study on other people's mistakes. Thank you that told this us. It will be cool if you share more your experience with us.
My first mistake is to buying Altcoins when it is listed on exchange in the first day because the price at that time always pump.
I think successful people all must have experienced failure and from that failure experience they can succeed because the best teacher is experience.
And it becomes a very valuable student in the future so we don't repeat the mistake.
And it becomes a very valuable student in the future so we don't repeat the mistake.
Most entrepreneurs will fail many many times before they reach a success. First difference between them and other people is that they don't give up an keep trying on new ideas, never stopping believing at some point they will win.
I think successful people all must have experienced failure and from that failure experience they can succeed because the best teacher is experience.
And it becomes a very valuable student in the future so we don't repeat the mistake.
And it becomes a very valuable student in the future so we don't repeat the mistake.
Maybe your choice is correct, but not all cryptocurrencies are worth your long-term preservation, which will only make you suffer more losses!
That's true but how will you know which one are worth keeping and which one to sell fast?
Is it better to hold them all even if some or even most will loose value but maybe just one be very successful and brings huge profits?
Emotions aren't your friend. If you can avoid the FUD and FOMO you'll be doing better than 90% of crypto "investors" out there.
Jan was a scary time, seeing so many people just lose any sense of logic and going all in on crypto. I can't imagine how many people have destroyed their credit now.
Jan was a scary time, seeing so many people just lose any sense of logic and going all in on crypto. I can't imagine how many people have destroyed their credit now.
The newbies are always very eager to jump into cryptocurrency and invest without any prior knowledge of how the cryptocurrency works. Loss may not be very bad at times because it guides you to learn and get wise. There are so many people found themselves in this kind of situation.
Maybe your choice is correct, but not all cryptocurrencies are worth your long-term preservation, which will only make you suffer more losses!
I think beginner mistakes like me too is:
- We think can get easy money from cryptocurrency, whereas it takes time and patient to study in crypto world.
- We tend to underestimate cryptocurrency and tend to hurry decide for invest, rather than study first. And then many of beginner lost their capital.
- When it goes uptrend, we feel greedy and want to get more profit than withdraw it first to lock our profit.
And my mistakes are mostly in point number 3, that is feeling greedy when trade in cryptocurreny. It makes me miss the profit that should i get
- We think can get easy money from cryptocurrency, whereas it takes time and patient to study in crypto world.
- We tend to underestimate cryptocurrency and tend to hurry decide for invest, rather than study first. And then many of beginner lost their capital.
- When it goes uptrend, we feel greedy and want to get more profit than withdraw it first to lock our profit.
And my mistakes are mostly in point number 3, that is feeling greedy when trade in cryptocurreny. It makes me miss the profit that should i get
How to fix point 3?? When to sell?
What beginners normally do is that they don't read instructions before entering into some campaigns and investments.
I think beginner mistakes like me too is:
- We think can get easy money from cryptocurrency, whereas it takes time and patient to study in crypto world.
- We tend to underestimate cryptocurrency and tend to hurry decide for invest, rather than study first. And then many of beginner lost their capital.
- When it goes uptrend, we feel greedy and want to get more profit than withdraw it first to lock our profit.
And my mistakes are mostly in point number 3, that is feeling greedy when trade in cryptocurreny. It makes me miss the profit that should i get
- We think can get easy money from cryptocurrency, whereas it takes time and patient to study in crypto world.
- We tend to underestimate cryptocurrency and tend to hurry decide for invest, rather than study first. And then many of beginner lost their capital.
- When it goes uptrend, we feel greedy and want to get more profit than withdraw it first to lock our profit.
And my mistakes are mostly in point number 3, that is feeling greedy when trade in cryptocurreny. It makes me miss the profit that should i get
it's fail if i am investor, because the profits when you send the bank has been 15% per year
I thought that there was no way this would be real, so I Googled, and there are apparently banks that offer one-year deposit terms with similar yields. Most of them are from countries with high inflation though, so most of the gains are eaten up. I'm not going to say one method is better than the other, but keeping your money in Bitcoin will give you a much, much higher ceiling that isn't influenced by local fiat inflation.
Here I decided to write what were my mistakes when I started the crypto market.
1. When I started studying this market was January 2, 2018 it seemed so attractive and I was anxious to buy the crypto currency without any further study in previous years. So i bought the BTC at 15,200, then the market went down and BTC reached $ 6,000. If I was studyied previous years how did BTC think I do not buy at the given amount but wait for the 10000 most likely:) it's better than 15200
2. How did I get BTC in exchange again and I was so excited to invest in other things that I bought at fairly high prices and blocked my money for an approximate one month period and even now when the market is growing there are 30% loss of the initial budget but I also learned a very good lesson (no matter what happens does not have to be sold at the loss that just so you lose money in crypto)
I think that before you take a step in this trend you need to study thoroughly and without haste.
As a final, I am very pleased to have entered this field, I hope to be more successful.
It would be desirable for you to expose yourself to your mistakes.
Much success at all !!!!
Sorry for my english it`s not my native language:(
1. When I started studying this market was January 2, 2018 it seemed so attractive and I was anxious to buy the crypto currency without any further study in previous years. So i bought the BTC at 15,200, then the market went down and BTC reached $ 6,000. If I was studyied previous years how did BTC think I do not buy at the given amount but wait for the 10000 most likely:) it's better than 15200
2. How did I get BTC in exchange again and I was so excited to invest in other things that I bought at fairly high prices and blocked my money for an approximate one month period and even now when the market is growing there are 30% loss of the initial budget but I also learned a very good lesson (no matter what happens does not have to be sold at the loss that just so you lose money in crypto)
I think that before you take a step in this trend you need to study thoroughly and without haste.
As a final, I am very pleased to have entered this field, I hope to be more successful.
It would be desirable for you to expose yourself to your mistakes.
Much success at all !!!!
Sorry for my english it`s not my native language:(
I bought BTC at 17,000. And now, I still hold BTC, not sale any price. Because of my point of view, when you don't sell, you will never be cut your budget! I think BTC's price will go to the moon in 2018 or 2019 year
it's fail if i am investor, because the profits when you send the bank has been 15% per year
I think that before you take a step in this trend you need to study thoroughly and without haste.
Agree 100%, problem is for most people that are technically illiterate its like black magic. You can learn new spells, but still have no clue about magic.
It needs A LOT of study to be able to differenciate real crypto like bitcoin from all other copy paste altcoins. It need knowledge to understand WHY investing in bitcoin is so worth thing to do.
I spend too much time learning about bitcoin, and u know what? I will spend even more
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