How to understand that you are making a mistake? - page 6.

worle1bm

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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.

Not encountered with some situations like this because not a big fan of any shitcoins in the market but if i know before hand that i am going to make a mistake then doing it still is not mistake rather i would term it stupidity not being rude but just straight forward in my words.I have made some past unintentional mistakes like buying some coins in the hype some years back but learning from your past mistakes and don't repeat them afterwards make you one level above all those newbies in market.

Macadonian

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The only way you learn from your mistakes is by failing and then doing something different until you get it right that is the only way.

raes

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Quote from: ?? on ??

don't really know, but as time goes on you will make changes I mean if someone is unlucky buying ico tokens maybe they will try other alternatives like day trading using existing coins or doing some other speculation.
because persisting and making mistakes in a field will certainly make someone think and change their ways.

you have good determination. and indeed everyone new to crypto should be like you.
many carelessly put their large sums of money in their first investments in the crypto market. and losing it all is clearly the greatest possibility.
what most people don't know when we fail with one asset in the crypto market then many other assets have better potential. we can return our capital that way. you've done a good way.

so98nn

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Yes did it once and never repeated myself with that kind of shit. This was around 2017-2018, the project name was TowerX and had do something related to CRM module. They also launched their own exchanger and listed some coins on the same.
Things were so perfect and as per their roadmap, I followed every update and also got involved into their social marketing campaigns. Got few thousand to million coins when the price was very shitty for the coin. (From pre-ICO to ICO + campaigns). Initially the price was around 10 cents, then they promised to launch the coin with minimum price of $1.

They also followed that promise but it was dumped heavily resulting to price worth $0.001 - $0.03 something.

I was so happy initially and due to my emotional attachment with the project I kept buying more and more coins as they were cheap also. But it was worst mistake as investor. Even go crazy today when see that project. Roll Eyes

bamb

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The attraction of quick money is very strong and this issue will keep re-occurs! Most of the time, we walk in to a mistake with our eyes open! Everyone with some experience in Cryptocurrency knows the solid coin which are bitcoin, ethereum etc. But the game of playing shitcoin is exhilarating. I think all we need is patience and we can achieve our dream!

NeverSop

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HODL

Quote from: travwill on August 02, 2021, 03:43:05 PM

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 bought a quality coin but I ran after a big imo with YGG coin with my friends. I couldn't control my behavior, I realized it was all taken in 45s with 32 bulls with 12M$. When I realized became a puppet. Lol, the mistake I was most bitter about.

Jackl87

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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 also made such a stupid mistake a few weeks ago but i did not buy some sh*t coin i sold one. Back in 2017 i was part of a signature campaign for a long time that gave me a lot of coins from a certain project. During the bullrun in 2018 they were worth more than 100k $ but of course i did not sell back then which was my first mistake. Then i hodled the coins until april or may this year meanwhile the price went down like 99%. Then i needed some stable coins for a pre-sale that i wanted to join and i thought about those coins. I knew that i shouldn't have sold them back then but i was like "they won't go higher again anyway" and i sold all my coins for 3k$. Then only a few weeks after that the price of the coins made a x10 which means i could have made 30k instead of 3k with them.
So i hodled them for a few years but then sold them only 2 weeks to early Undecided

Oasisman

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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, that's an example of riding the hype. Take advantage of the pump and get a short term profit.
It's not a mistake by the way, that's something similar to gambling. You're taking the risk, just to get a good profit in a short period of time.
There were actually a lot of investors doing like that. Perfect example was the ICO hype in 2017, and now the NFT games hype. A lot of NFT games has been popping out everywhere in the internet today and it requires huge amount of investments. Some of them were sketchy but people are taking the risks.

topbitcoin

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Leading Crypto Sports Betting & Casino Platform

Quote from: travwill on August 02, 2021, 03:43:05 PM

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 think not only me, because staking coins is already trend in past and the coin named 10K coin is really hyped. I bought it and start to stake it, price keep dumped and i keep staking it hope my rewards from staking can cover it and then, it ends with 1 satoshi price from maybe aroung 10000+ satoshi price.

tvplus006

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To the Moon

Quote from: Twinkledoe on August 02, 2021, 07:54:50 PM

I was only rekt once in ICO and now, I don't want to make mistake by jumping on every hype in the market. Yes, it is true that the possibility to gain good profits is there, but that is, if you got lucky of the coin that you bought. If not, high percentage that you will lose your funds if you follow the bandwagon. I prefer to keep my portfolio with established coins like btc, eth and bnb. I have even have some TRX as well. I already learned my lesson so I don't want to duplicate my mistake.

If you buy coins on a private or seed round, then your chances of getting a profit increase many times compared to those who buy on a public sale round. And even when a coin is traded after TGE at a price that is lower than when it is publicly sold, early investors usually make a profit because they bought coins at a lower price. But in any case, it is necessary to carefully choose a project for investment.

aemma

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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.

Going down memory lane, I would start from the days of ICO, it was a different case altogether because you can hardly tell which one will be good, there are even some that looked very serious only for the team to list on a bad exchange, price dumped and they left the project. Some don't even bothered to list on any exchange, just delayed listing with the excuse of working on their products and just like that, telegram group was muted or deleted and nothing was heard again. Although IEO corrected the issue to an extent but it was a bit better with IEO.
Now there are many shit coins flying around using the basis of others which pumped heavily, that is for example, a lot now add the name of successful tokens to theirs in order to attract attention and you will just wonder their aim actually; today you see projects adding CAKE, DOGE, SHIBA, etc to their name. Tried once and it ended badly, so I learnt from it and moved on.

semobo

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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.

Short term investors take such kind of risk very much often and its like do or die decision so either you will make big or completely lose your capital. While smart investors take such kind of investments with multiple coins so if one fail then other one makes up for it and importantly exit at the right time is much needed or else you will get rekt and go bankrupt.

_MrTuyul404

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lol it happens to me often, i always buy shitcoin which even though i know it has a very high risk which can cause rugpull
I have bought Vancat, safemoon, safemars and other shitcoins

Malam90

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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.

Few months ago, i bought 1 shitcoin and make 2x profits in 2 days. Getting inspiration from it for short term HYPE, i invested in another two shitcoins and finally faced 2x lossess which means my capital went down below my initial investment. Now, i only trade in a project which has been making good progress, partnerships, active and cooperative group.

isaac_clarke22

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Quote from: travwill on August 02, 2021, 03:43:05 PM

~

I was passively making a mistake back in 2017 when I bought some tokens of seemingly promising project. I cannot quite recall what coin was it, but I forgot that I was holding that token for almost 2-3 years and I was "almost" too late to get the profits out of that coins because it started to go flat already in the charts after the dumps that happened after the project went out to their exchange which was EtherDelta.

goolesby

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Never lost 60% in just 2 days.
My advice: for beginners, it is better to learn technical and fundamental analysis first.
Never dive right in before learning properly.
Trading is a means of moving money from less intelligent people to smarter people.

Pelana vreo

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There are a lot of shitcoins and I thought if I had invested in the beginning then I would have sold them at the price I wanted, I had YANU coins on the Exsmarket exchange and at that time the project looked good because they used the tokens to fuel buying drinks and machines product, on finally the project does not use the token and until now there has been no latest news from the project about the token

gurunanakji777

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My some friends keep buying new launch meme coins regularly and they took a risk by buying such coins but sometimes he makes good money sometimes loss as well but overall they are in loss but they are still enticed to invest in such meme coins because some people show and chat in telegram groups that they earn 50x, 100x like this so I would say they are trapped by such traders who always show they are in huge profit But the wise trader always knows what is good for him and what is not So I would say be smart and do not entice by others earning.

goaldigger

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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.

You're responsible on your every action and if you think you are doing the things wrong, better to address that as early as possible or else you'll keep on losing money. If you think you are making a mistake, correct it right away and don't do the same mistakes again.

Yes, buying a shit project is a big stress to you even if you have the chance to make money in short term, I'd rather play long for that. Don't get hyped by anyone, this is already proven and tested that after the hype, that project will die slowly.

lumierre

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Quote from: travwill on August 02, 2021, 03:43:05 PM

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 had such a situation in June-July. After one successful defi-project I started looking for new ones. But after some failures I should have understood that this sphere was dying, I mean that people didn’t invest in them, as a result, devaluation of native tokens. But I tried several times more, resulting in big losses. Now I understand that it is better not to invest in something that was too popular earlier.

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