How to understand that you are making a mistake? - page 7.

CryptopreneurBrainboss

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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.

I guess everyone has, it's a norm if you spend some time in the altcoins market. Most times why you can't back out now is because you have invested some much time and effort including capital into believing in that project but the market isn't been in your favor. I remember buying a project ones doing the whole Defi hype few months back probably last year but can't remember.

Initially the coin was doing so well then it began dropping. I could sell out but kept trading my already invested capital with the goal of achieve more tokens. I was able to trade and increase my holdings from 5,000 token to around 10k plus tokens. Note this wasn't the dollar value. The dollars value however was steadily declining but I couldn't stop hoping it'll recover and kept trading for more token.

When the defi projects started recovering, I did make back my initial invested capital, all because I now had more tokens than I previously owned and didn't have to wait for the token to go back to its previous high before I could make profit. I guess it'll just me been lucky (prepared), now the token has gone back down.

Devifajarina

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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 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.

terciduk123

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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.

Of course, one of them is being tempted by the huge profits of meme tokens, then betting to buy them hoping the price will go up again, but what happens is just the opposite, the price continues to fall.
the second mistake that I made several times was joining project funding (token sale) which in my analysis this project was not good, but some of my friends joined and believed the project was pretty good, I finally joined because my friends joined, then after the tokens are traded on the market, the price goes down.

sirminesalot

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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.

Sometimes we made a mistakes consciously but our ego still speculating that we will have a decent profit if we continue it. This is a common problem for cryptocurrency investors, some of them are buying shitcoins not because they don't know those are shitcoins, but just speculation that they will have a quick profit and get out at the right time.

Duzter

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Leading Crypto Sports Betting & Casino Platform

My choice of investment were with some ico tokens. Those happened during my early days into cryptocurrency usage. Myself received as bounties, but I missed the opportunity selling at the wrong time. Unworthy projects that grew good during the bull trend, but I expected more out of it and kept hold of the same. This finally resulted in massive loss of my rewards. Few of my holdings got delisted from exchanges.

wheelz1200

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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.

That literally is the definition of greed. If something is too good to be true or you know will end up in the garbage why even start to buy it? I mean there are always those times when you miss massive profits but for the most time you end up wasting a lot in losses

Helpme_please

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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 made it on uniswap exchanges, many group disccuss to token that i bought . I am suffer some loss at that moment but i am lucky not long after this i got uniswap airdrop. I dont know its big mistake by buying wrong token or be my lucky due uniswap airdrop that i am never thinking before. maybe alot traders have same situation with me at that moment , from loss trade become profit trade.

Twinkledoe

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Quote from: ?? on ??

I have ever bought the shitcoin and i got loses and i never try to buy anyother shitcoin again. that's the only once in my life.

My friends were also getting rekt by betting into the shitcoin as well. This type of coin was a random coin. It could be pumped but it will be dumped back again to the bottom.

Just take a look at the chart of safemoon and friends. Those coins were getting rekt after people who pumped it first already go out with lots of profit from the safemoon.

I will never buy that shit again. Cheesy

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.

travwill

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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.

Topic: How to understand that you are making a mistake? - page 7. (Read 800 times)