Topic: How to avoid huge cryptocurrency disappointment - page 2. (Read 528 times)

True. Relying all you have to crypto will be not be good for you when the market turn down. I ha e alsolearned this the hardway back in the first time I experinced bull market. I thought it would never end that my money will continue to grow while I sleep. Months pass I'm already lossing thousands which should have been profit if I just sell.

Glad that I didn't give up my freelance job or I'd be scrumbling to sell the coins I intend to hold for long term to fund myself.

To add to what has already been said. Kindly avoid engaging with users who make comments like this on YouTube

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There are so many of them that follow this same pattern. Just avoid them like a plague to spare yourself the heartbreak and disappointment.

This is a critical point for anyone investing in cryptocurrency; having a separate source of income and not relying solely on your crypto earnings is the best option because there is no guarantee that the market will continue to move in your favor. Maintain a separate work space for cryptocurrency to avoid dipshit situations when the market falls.

Sorry mate just a hard way to learn, $12k ain't a small amount to loose. Imagine s newbie having to loose such at an early stage it might be devastating and frustrating. That's why new enthusiasts like me need to read up on this kinda flaws so we could minimise our chance of disappointment or moreover safeguarding ourselves from scammers/hackers. I will also need to read up on the Ledger Nano S. I quite don't have any idea on it.

What I noticed about some humans is that taking other people advice seems to be too difficult for them. They learn quick from their own personal experience , that is why no matter advice like this are giving to beginners they would not listen,  they would want to know if truly greed is real in cryptocurrency.

That is certainly different from how we respond to that advice. Many had neglected to follow and so they regret it later.
That greediness makes someone stressed and also the reason why haven't look any good to what the other says as their emotions influencing their mind.

Just like what I did before,
 * I lend some money to invest but it loses because I invested in scam projects
 * I do trading but I lose my capital because I don't have any idea how to do this

Regrets and disappointments literally come because we are not well-prepared and we don't know what we are doing.

I am no stranger when it comes to disappointments in my life. Not only that I am disappointed because of the losses that I have in the past because of greediness, but also not thinking twice on what I have been doing just to end up my mind being brainwashed by the hacker and drained my 3 wallets for a total of more than $12,000 due to the malware I have accidentally engaged with. I should have moved all of them to my Ledger Nano S earlier so that even if I clicked that malware my assets won’t get drained. But it is what it is, just another hard lesson learned and move on to become better in making decisions not just in crypto, but in all walks of life.

Always have fiat on hand. Do not put all your hard earned money into crypto because if that fails, you will be totally rekt. As much as possible, learn to diversify your investments into crypto, bonds, stocks or even in gold investments and never invest what you can't afford to lose. That way, you may lose from crypto, but made profits from other investments, or vice versa.

Thanks for sharing

These are actually very common advice and we have all heard and understood about these many times because many people also have announced about these.
But in fact, many people still don't care about this, only follow their greed and hype, not listening to the kind advice. Whatever we say and however we try to advise and wake up people with this reality, in fact, they may not want to listen to us because what their focus is getting and earning much much much money instantly without considering the risks that they may take. And after these all downtrend, they will panic and regret of the same mistakes, always.

It's not what I mean, a person that has an obligation on his family can't go all in with his investments anymore because there's a bigger part and allocation to the needs of the family since you're already a provider although that doesn't stop him for being a saver and an investor. But if someone is single, he can go all in and all out with his crypto investments and whether he's winning or losing, it's just him that's going to be problematic if the outcome turns out to be negative and those losses can be turned into lessons and learnings while he's still at a young age.

It's your money anyway. How we manage our life savings also depends on what we "want" and what we "need". If I was like a PC Building enthusiast which I am for real, I would not just invest it all in crypto considering how expensive are PC parts here in my country. I would invest some part of it to crypto, but not all of it.
I would love to do my hobby after all and not just 100% go in-depth with crypto.

The system or market has been designed in such a way that, you can have a go at it without encountering some huge lose or a drastical reduction of your crypto portfolio. All that Resides in your best ability because, you can never be accurate on your analysis of the market but if your good enough, you can get some accurate insight to it and you work your coins through wallets, exchanges and swaps to Stable coins as the need applies. It's easier said than done but for sure, it can over ride every other step to "no regrets" especially when you invest on coins that are actually tradable.

Yeah, that's some means to an analysis but at times, it does fails but, you've still got to try and stay on track. Let it be that you invest in some project that you found interesting and make the mistakes while correcting yourself along the line so, you get to learn.

Waiting till your married before starting to have savings is like waiting for a train to start moving then you start running after it to get a lift.

Wether single or married savings is something quintessential for every human being cause hard times are unpredictable.

I do not recommend borrowing money to buy/trade the coins as much as if a novice will be successful. This is because the novice would be so excited to get to his trading target, that it can lead him to act upon illusory returns, which can cause a lot of damage. I have witnessed such cases where inexperienced traders lose their entire investment on the first day. The naive one even forget his greed and shorts were not profitable. This was just my own experience and my own take on the matter. For beginners I can only recommend if you have your own funds to invest then go for it. If you have limited funds and therefore cannot invest your money then buy bitcoin which is cheap right now and can give you good returns in the long run.

If I am single, I'd probably put my life savings into crypto and I've got my own reason for doing that. First, I'm aware of its volatility and I've experienced the highs and lows of it. Since I am single, I'll have no problems even if my portfolio goes low for bitcoin because I know that it will eventually recover. Again, this is only if I'm single but as time passes and I get to have my own family, I'll diversify it and will need to have savings for cash and as well as investments for real estate properties.

Actually it depends on the strategy you choose. Its not bad to takea loan but putting it on a right basket. Rich people becoming more rich when they are using banks or firms money and making it double or triple using that money leaving the debt getting paid and the rest is profit.

If you follow or check Robert Kiyosaki videos or learning he said that he got rich by borrowimg money and put that into investment. Thats definitely a testinomy or outlier that its not always be the same.

Crypto comes with alot of goodies ,investing in it comes with it huge advantage while this advantage are huge, there are also some days for its disadvantage ,it is always advisable to study the market and make research to know when to withdraw and when to invest ,Do not invest all your money on crypto, invest what you can easily afford or risk, have other means of making money apart from crypto, invest wisely to avoid disappointment ,dont be too greedy.

How can one invest in cryptocurrency?
What common mistakes do people make when investing in cryptocurrency?
Cryptocurrency is a lucrative investment, no doubt. Prior to making any investment, it is highly recommended to assess the risks and any important information associated with it and invest only if you can handle the risks. For starters, Bitcoin isn’t the only cryptocurrency out there, educate yourself with the basics of cryptocurrency and the blockchain technology that powers it.

Identify your goals, whether you want to trade crypto for a short term or long term, this is dependent on the time you can invest and the knowledge that you’ve acquired. You cannot judge a cryptocurrency by its cover, attractive visuals, promising returns do not guarantee anything. This is popularly termed the “bling bling syndrome”, as always read between the lines, check if the background of the company is trustworthy and legit. Hype buying or panic selling is another common mistake by investors, who are usually just starting out, understand how the crypto market functions and pick the right time to invest in a cryptocurrency, hype does not define anything. Market movements and emotions are key factors that shape a crypto investor, the fear of failure results in not winning enough, make an objective or technical analysis instead. Set aside any form of greed, this will not only make your mind hazy, but will most likely lead to terrible and avoidable decisions.

Before signing up on any platform as an investor, compare the best available options, do not pay more than what you are required to pay. The last common mistake we would like to point out is that many end up pouring their savings into one cryptocurrency or one type of investment, this is a big NO, a diverse investment portfolio is a must, when you start this adventurous and hilly journey.

If you are hesitant to start a crypto investment, you can always find safer alternatives on Bitbns such as our Fixed Income Plan (FIP) that guarantees a fixed rate of interest on your investment.

Do not borrow for trading is old ideology and ancient concept of people  do make or emphasised in every occasion, borrowing is nice and same time bad in all ramifications, but i have seen someone who borrowed money to trade and make it, and after making huge profit and he returns the money, every time people capitalized in losing accept of trading but they don't emphasis on making profit.

in every investment there will always be some disappointment though they are some avoidable ones if proper research are done. so one should be dispose for disappointment but know the ways to bounce back and continue with the information gain. don't be carried away by the hype, invest in bitcoin, ask for advice from trusted members who have been long in the crypto space, invest little in altcoin, know that market fall and rise