Topic: How to understand that you are making a mistake? (Read 800 times)
I had some experience in shitcoins before actually. Normally, I'm no more than a HODLer. But one time, I got really curious about these shitcoins. I knew that these projects were garbage but I also knew that I would be able to make a lot of money in the short term unless I don't miss the opportunity. And I decided to make some investment into a shitcoin. It really started increasing quickly a lot and I had to sell my coins before it was too late. Even if I was aware of this, greed made me do a stupid thing and I started waiting for more. But suddenly, the price started falling sharply and I was sad that I missed the biggest opportunity.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
If you are aware that you are making a mistake and still tolerating it since you do have belief that it could really give out some nasty profits later on then its your take and its a gamble.Share your stories.
You arent dumb that you wouldnt notice that you are doing a mistake but since we do really have that gambler in mind in terms of investment then its up to someone to take risk.
You wouldnt know until you do try because this is where we do make ourselves even more better as we do learn.
Many of us have made mistakes, and many have done so quite deliberately, realizing that the risk of loss is extremely high. But the thought that I will manage to get out of the dubious enterprise in time with good profits does not want to leave our head. It seems to us that this will not affect us, but once again we are convinced of the opposite result.
Every mistake is an experience. Some people will learn from experience. Someone will make mistakes again.
I buy coins every time the price drops. This is my habit. But some coins will die after I buy them when the price drops. So I will lose a lot of money.
But I can't change this habit. Maybe I want to learn more about market trends. Need to learn more about cryptocurrency.
I buy coins every time the price drops. This is my habit. But some coins will die after I buy them when the price drops. So I will lose a lot of money.
But I can't change this habit. Maybe I want to learn more about market trends. Need to learn more about cryptocurrency.
It's always a good way to find a mentor who already experienced in cryptocurrency to learn many thing and learn the best practice to minimize mistakes.
We have been hearing the sentences "Experience is the best teacher" , this is so true but we will run through many mistakes first if we don't have someone to guide us.
So, it's better to find some mentors to learn with.
We have been hearing the sentences "Experience is the best teacher" , this is so true but we will run through many mistakes first if we don't have someone to guide us.
So, it's better to find some mentors to learn with.
Frequent operations are destined to make mistakes, and human greed makes us constantly expand our desires. Only when the loss is severe do we regret it. But such things have been repeated all the time.
Sometimes people just realize their mistakes in a hard way, have to experience losses first before realizing it.
We can learn a lesson through experience and its normal to fail if you're a newbie in investing, its part of the process and not unusual. Its a human nature to become greedy and the reason why even we are aware how risky the opportunity that we are getting into, still, we grab the chance because we are hoping to gain from it.Unfortunately there's no happy ending on it and just an experience that can teach us a lesson to dont rush things, dont be greedy and take time learning before investing our hard-earned money.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
I just experienced this incident a few months ago, a short story from friends that there is one coin that has good prospects for next month, but what happens is that the coin has not moved at all in the market until now.Share your stories.
I bought a lot of shiba coins yesterday, many people said that next month this coin has good potential, so I decided to buy it, but what happened was the opposite, this coin did not have good potential in the following month, after that I tried to find other information in various media.
How surprising, people assume only based on their thoughts, not through proper analysis, this coin has potential in the next year not next month, meaning we are wrong in trusting people without analyzing the coin ourselves, this is an important student for us to understand in the future.
Never buy coins based on other people's opinions, because other people's opinions are not necessarily correct. The mistake you experienced
by buying shiba coins was influenced by other people, can make you aware that it is important to do your own research and analysis before
deciding to buy coins. Sometimes people just realize their mistakes in a hard way, have to experience losses first before realizing it.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Share your stories.
I just experienced this incident a few months ago, a short story from friends that there is one coin that has good prospects for next month, but what happens is that the coin has not moved at all in the market until now.
I bought a lot of shiba coins yesterday, many people said that next month this coin has good potential, so I decided to buy it, but what happened was the opposite, this coin did not have good potential in the following month, after that I tried to find other information in various media.
How surprising, people assume only based on their thoughts, not through proper analysis, this coin has potential in the next year not next month, meaning we are wrong in trusting people without analyzing the coin ourselves, this is an important student for us to understand in the future.
I personally was also trapped by my ambition to buy a lot of shiba coins last month, I was consumed by media news issues so I spent a lot of my savings to buy these shiba coins, and I also heard many people say that next month this coin will be pumped very badly. extraordinary, and what happened today is the opposite, actually in buying certain coins don't be influenced by media issues or what people say but we need an accurate analysis or we are sure we are sure that we just choose the coin to be safe
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Yes, this is the usual behavior of a person who wants to make quick money. There are a lot of crypto projects and there is no time to study each one properly. It seems that the longer you think, the more profit goes away. However, it is better not to make money than to lose the investment. The market will always provide a new opportunity. Share your stories.
I really relate with this, I always find new coins and buy some of them even though I feel that it will be going to get rugged, I will still take the risk and buy some and end up losing my money. This is a common mistake of mine that I am always doing because of thinking that I could find the gem one, thankfully there is still some coins that I have bought and gain x3-x5.
You may tell him these things:
1. Try to look to the website of the coin and check the roadmap
2. Check also the dev teams identity
3. Check the social media platform and check if those are all active.
I have a friend in my friend circle who keeps buying shitcoin in hope of 1000X its principal amount. He keeps losing money on the shit coins but he still hopes someday some shit coin will make him rich. Personally, I advise him to do not to gamble like this it's better to buy some top coins instead. In the end, I can say he is trying his luck like a gambler.
We are the same thinking of your friend, there are still some new coins that is worth investing, maybe your friend always got rugged, try to advise him to do proper research before buying, it will prevent him losing his money.You may tell him these things:
1. Try to look to the website of the coin and check the roadmap
2. Check also the dev teams identity
3. Check the social media platform and check if those are all active.
I have a friend in my friend circle who keeps buying shitcoin in hope of 1000X its principal amount. He keeps losing money on the shit coins but he still hopes someday some shit coin will make him rich. Personally, I advise him to do not to gamble like this it's better to buy some top coins instead. In the end, I can say he is trying his luck like a gambler.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Well its really hard to share this kind of sentiment especially to newbies who doesn't know the movement of the market and just enter in the crypto-space because of hypes and FOMOs. Instead of doing their own research and understand fundamentals, they just believe on a tweet or post by media influencers. Share your stories.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Share your stories.
Actually it is one of the strategies to buy shit coins as they are likely to increase by many times if they catch the wave of hype. But first of all you should make sure it is not a scam. Secondly, you should do research if this coin is likely to be successful at this moment or the trend is in another sphere. And the main thing is not to be greedy and if your coin has already increased and changed its trend, just run.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Share your stories.
You should never do that if you think that you already bought a coin or token that turns out to be a scam or shitcoin you should cut your losses by dumping it right away, shitcoins will eventually die, leaving you with dead coins and losing your investment, you must always update the status of all your coins regardless if it's coming from your investment, bounty or airdrops.
I've done that and made other mistakes, and learned from that, people are smarter after making mistakes and teaching them a lesson. I sold my coins in the previous bull run and a few months after that my coins doubled, so I will hold my coins for now until then, of course there is a risk behind this, but I believe I will win this time.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Indeed that is true, mostly of newbies here are victims of hype and FOMOs of mostly shitcoins that loses their hard-earned funds. Always remember that before you enter and invest to something in cryptocurrencies DYOR and just make sure that invest only what you can afford to lose and not do all-in. Share your stories.
Mistakes made by traders or investors in crypto are common, due to various factors. It could be because it's a beginner, or because they don't make an analysis in advance of both fundamentals and technicals. But because crypto is very volatile, it could also be that the mistake occurs because greed wants to get a lot of profit. So basically if the mistake has happened to us, it should not be repeated.
Greed is the most common mistake, just like how OP said you are thinking that the hypes will continue and it will favor
your investment, but the opposite happened and you still trying to find another coin that you have the same hope but
it's just a repeated scenario to your investment.
You should learn and forget about quick profits, instead, try to work and find good asset that have real usages and
good community support.
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.
Share your stories.
Share your stories.
Very interesting, I tried to give an overview of the conditions a few days ago on September 7, 2021 when the market price was rising high, most of them were very euphoric and not calculated, what happened now was waiting for the price to rise again. Let alone the SC that is said to be invested, coins/tokens that have good fundamentals are also affected. In my opinion, always choose coins/tokens even though they are new but have strong resistance during market corrections that can occur at any time.
I won't make the same mistake over and over again.
if I've made a mistake once, why do I have to do it again ?,
I will leave it, maybe because of the current hype like meme coin and Shitcoin many people invest various coins but get nothing. don't have high expectations with these coins.
There are people who makes the same mistake multiple times. Suppose you are interested to enter the token market place where you can make a huge profit in a short period of time, you usually search for promising projects and if you like the team members and their project and then if you think that they could help in giving you the profit you will be investing in them. Most times your judgement wont be right and you will end up in a loss. if I've made a mistake once, why do I have to do it again ?,
I will leave it, maybe because of the current hype like meme coin and Shitcoin many people invest various coins but get nothing. don't have high expectations with these coins.
People keep doing that simply because the risk reward ratio is huge.
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