Experience facilitates better understanding

cytpoway121

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Activity: 1540

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Quote from: wingfield_crypto on March 12, 2020, 09:58:02 AM

I believe that in the crypto market there are 2 ways to learn if you are a beginner. The first method would be to learn from your own mistakes. This is a method that is generally applied in everyday life and is the most efficient, but it is not indicated on the crypto market because it is about losing money. The second method involves more information and you learn from the mistakes of others. I recommend good information.

I think you are right, But do you know that you can also learn when you do not make mistakes ? By trying out a new stuff and doing things differently.

I think it is hard to learn from others mistakes, because you will not be made aware the steps that led to the mistakes.

And regarding good information, you need to source for that yourself.
Thats why personal research function is compulsory for every crypto currency trader or investor and even bounty hunters.

bison

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SmartFi - EARN, LEND & TRADE

Quote from: cytpoway121 on March 12, 2020, 08:32:32 AM

Quote from: rhey on February 20, 2020, 06:41:31 AM

to recover assets is of course very difficult because we do not know will go down very far or will go up, if the assets go down not too far you should cut losses and if it is in loss you hold

I think sometimes it is difficult to cut losses.
For example, bitcoin has gone from 8,000 to 6000 in few days.

Traders who are unable to convert to usdt are now hovering over to continue to hodl or cut losses, its a definite difficult situation...

I will reiterate that, despite doing proper researches, we must always take profit

dump that happens is very sudden. but we do not despair now, try waiting for the next few days what happens in the market. and I guess for most day traders it will save their money in USDT. but for long-term investments, there must be other strategies to be able to rotate their money again.

wingfield_crypto

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Activity: 140

Merit: 3

I believe that in the crypto market there are 2 ways to learn if you are a beginner. The first method would be to learn from your own mistakes. This is a method that is generally applied in everyday life and is the most efficient, but it is not indicated on the crypto market because it is about losing money. The second method involves more information and you learn from the mistakes of others. I recommend good information.

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: rhey on February 20, 2020, 06:41:31 AM

to recover assets is of course very difficult because we do not know will go down very far or will go up, if the assets go down not too far you should cut losses and if it is in loss you hold

I think sometimes it is difficult to cut losses.
For example, bitcoin has gone from 8,000 to 6000 in few days.

Traders who are unable to convert to usdt are now hovering over to continue to hodl or cut losses, its a definite difficult situation...

I will reiterate that, despite doing proper researches, we must always take profit

ArIMy11

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Activity: 519

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Quote from: cytpoway121 on February 18, 2020, 01:12:54 PM

I think for traders who has loses or altcoins investors with lower profits and more loses.

When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.

Instead of panic investing to recover loss.

Remember experience facilitates better understanding

NB: basically my thoughts and practices method. How do you go about yours??

It always a trial and error in the beginning. Trading of cryptos is like the reality of the stock market. If you do not truly understand,more chances of losing but I consider this an opportunity to gain knowledge since I am not a fan of reading and I can truly understand it when I already have an expereince on it. We need to invest time. Yes do not panic. Too much emotion put in this kind of thing is not good.

bonyaserg

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Experience in any work is always needed since experience gives a very correct approach in any work. At the moment, I have a lot of experience in cryptography and I always know how to read the graph of how this or that coin will go on the crypto market. And this makes it possible to sell the coin on the stock exchange and get a good profit.

cytpoway121

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Activity: 1540

Merit: 68

Quote from: gundala on February 21, 2020, 05:00:28 PM

Quote from: cytpoway121 on February 18, 2020, 01:12:54 PM

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Remember experience facilitates better understanding
NB: basically my thoughts and practices method. How do you go about yours??

That is a risk. If you want to trade but do not want to lose then leave. Risks and losses are what must be faced, not feared, study the analysis well, discuss with other traders who are more experienced, it's a good effort that can be done. If you lose, don't give up, take a vacation to restore the mentality that falls, and don't forget to appreciate all your decisions are lessons, not mistakes. Don't be too obsessed with recovering losses, it can affect your decisions and analysis, just follow the flow and if there is an opportunity then use it well to recover losses. There is no harm in also trying to invest, but it needs to be considered many things, it will be more effective if you can join IEO in global top exchanges such as Binance and Huobi.

It is true that loses and risks cannot be avoided trading crypto currencies.

But then you should acknowledge that there are avoidable losses especially in crypto currency.

Joining ieo on top exchanges does not guarantee profits, because you hodl exchange tokens which prices can dip as you purchase ieo.

I get your points though, but i emphasize that there are avoidable losses

Hypnosis00

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Quote from: Arkann on February 21, 2020, 02:21:06 PM

I think that this issue can be discussed in different ways, because each person masters different knowledge in practice and in theory in his own way, since one person having theoretical understanding, in practice replenishes his base of experience. But on the other hand, each trader can simultaneously gain experience and, thanks to successes and losses, acquires not only the appropriate skills, but also understands the whole process in trading more.

Indeed, you can't call yourself successful if you never have to commit mistakes, suffering losses, and wins.
Just looking for the best doctor, and one criterion is to look that has a long practice on his/her profession. The same thing here, the more you get involved in trading, the more we are knowledgeable of the market.

gundala

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Activity: 896

Merit: 108

Quote from: cytpoway121 on February 18, 2020, 01:12:54 PM

~
Remember experience facilitates better understanding
NB: basically my thoughts and practices method. How do you go about yours??

That is a risk. If you want to trade but do not want to lose then leave. Risks and losses are what must be faced, not feared, study the analysis well, discuss with other traders who are more experienced, it's a good effort that can be done. If you lose, don't give up, take a vacation to restore the mentality that falls, and don't forget to appreciate all your decisions are lessons, not mistakes. Don't be too obsessed with recovering losses, it can affect your decisions and analysis, just follow the flow and if there is an opportunity then use it well to recover losses. There is no harm in also trying to invest, but it needs to be considered many things, it will be more effective if you can join IEO in global top exchanges such as Binance and Huobi.

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: kawetsriyanto on February 20, 2020, 06:58:16 PM

I do agree with this statement, "Experience facilitates better understanding ".
But of course, when evaluating our experience and going to make a better strategy, we must also learn not only from the experience. Although experience is the best teacher, we should also learn from other sources such as gaining information about trading, investing, and also other crypto news from the forum, YouTube, Website, and others. This is to complete your next strategy based on the experience that you have done.
In this case, never make the same mistake in the future.

Yes you are right, theres a need to explore several sources of knowledge with Youtube leading the list

I have found interesting trade guides on taklimakan blog equally. Theres this newscrypto platform am watching after, hopefully i can learn from there too

Arkann

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I think that this issue can be discussed in different ways, because each person masters different knowledge in practice and in theory in his own way, since one person having theoretical understanding, in practice replenishes his base of experience. But on the other hand, each trader can simultaneously gain experience and, thanks to successes and losses, acquires not only the appropriate skills, but also understands the whole process in trading more.

Baby Dragon

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OWNR - Store all crypto in one app.

Experience will help you develop your understanding by making you realize how you can properly manage your trade. Some experiences may be bad but it will make an impact on your way of thinking and even on your decision making because you will learn to consider it as a foundation of your choices. Perceiving the lesson from your experiences will guide you on analyzing the possible result of any actions or decisions that you will be making as you continue your trading journey.

wedosgibas

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here we go

People will be easier or want to learn from bad experiences. I was repeatedly trapped there, maybe panicked and saw news that I thought had great potential, but in fact was not very.

danherbias07

legendary

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Leading Crypto Sports Betting & Casino Platform

It's true.
It had been always experience which you could lean on whenever something goes south.

Optimism clouds you and it is one of the better way to get out from losing something specially with trades which mostly happens.
Instead of giving up, why not make adjustments into where you might good about.
IMO, I won't force it if I cannot understand something or I am bad at it for a long time.
Switching to the shallow methods could gain better result.

gaston castano

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Activity: 1526

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I will avoid new coins for long-term deposit, except for short-term profits.
and I think that's why there are still those who invest in new projects even though not as much as before.
because they bet on something that is uncertain, and will not hold it for long.

sana54210

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I have seen a lot of people who have tried panic investing only to end up in the worst situation. It’s always best that you have patience, learning never ends, as time goes on you will be getting some experience that will be useful to you in your future trades. And as the saying goes – experience is the best teacher.

When I started trading cryptocurrencies at first, at the end of every month I’m always realizing bigger losses than the profits I have made. But those things never made me to give up, instead I chose to look on the positive sides and to figure out the things I was doing wrong. I kept coming up with different strategies and applying them to see what would work best for me. So that’s how it is, you shouldn’t give up easily, you keep trying till you’re good at it.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

This has been the number one thing I have tried to tell everyone who wants to invest into anything. Experience of both the investors and the team is the real thing here, if the investor is experienced in investing into anything, they will know what to look at and where to look at and what is important and what is not and so forth. You could have a new coin that the team promotes crazily, but if the thing they promote is not something important, in the long run they will lose all they have.

On the other hand, if the team is experienced, they will know what is important and they will focus on that instead of unimportant stuff. Experience of knowing the crypto market and its insides out very well will serve everyone amazingly, get more involved with everything.

fortunecrypto

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Quote from: cytpoway121 on February 18, 2020, 01:12:54 PM

I think for traders who has loses or altcoins investors with lower profits and more loses.

When your trade goes wrong; It is better to test and practice different methods and strategies over an extended period of time.

Instead of panic investing to recover loss.

Remember experience facilitates better understanding

NB: basically my thoughts and practices method. How do you go about yours??

Experience is always the best teachers especially on trading, each not enough that you see how trading works in instruction and videos you have to feel and make small mistakes for a big trading experiences, if you do not know how to handle losses you are not likely going to trade effectively.

kawetsriyanto

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Activity: 2226

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duelbits.com

I do agree with this statement, "Experience facilitates better understanding ".
But of course, when evaluating our experience and going to make a better strategy, we must also learn not only from the experience. Although experience is the best teacher, we should also learn from other sources such as gaining information about trading, investing, and also other crypto news from the forum, YouTube, Website, and others. This is to complete your next strategy based on the experience that you have done.
In this case, never make the same mistake in the future.

SaidNurs

jr. member

Activity: 176

Merit: 1

It becomes a strength and knowledge, where a new knowledge that is acquired is also accidental to make wise understanding, it is true that it is experience.
That way compilation of something that happens is not complicated, because experience has become our subject, be a wise person in whatever involvement happens in the world of crypto.

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