Topic: I read 250 comments of people saying what they learned from investing in crypto - page 2. (Read 349 times)

this is very true in the altcoin market unfortunately.
but you have to be very careful about this because this comment is talking about the pump and dumps aka the manipulation in the altcoin market and we all know that manipulation is not something you could rely on. it is a very dangerous thing to get involved in too although the profits may seem high due to the massive pumps that happen in altcoins.

I agree on most of them but I think we all have different opinion or strategy when it comes to investment.
Other wants to make it slowly but surely then there are some who are risk taker who would try the risky investment just to get a high profit.

You've found 250 comments on this topic. But I'm sure there's so much more. What is important is that you can apply these comments? Everybody faces different problems, different solutions. For this reason, everyone should create their own investment strategy. Those who formulate this strategy can make money in a way. At least I don't think they lose.

Most holders learned from this mistake, thinking that the value will rise more instead of taking the advantage of selling and enjoying the profits,
realizing and learning will bring good contributions to your next journey around crypto trading.

The market has been through a lot and we have learned a lot from it as time passes by. Through mistakes and lapses, we're able to trade and invest with better and firm decisions. I agree with the comments listed above. We could all learn it through experiences and apply those learnings when we're doing actual trading and investing.

When I said that I read the comments It was from there.

I didn't claim that the content is mine.

I will add the source to the article

But the summarize of all the comments from there is something I arranged by my self (I'm gathering trading tips for the upcoming bull market)

Anyhow thank you for reminding it

I added the source

If you're just going to copy-paste it'd probably be a good idea for you to include the source: https://www.reddit.com/r/CryptoCurrency/comments/bwojdm/what_have_you_learnt_since_first_investing_into/

We have all been there. For example, I decided to HODL Spectre coin which I received through my bounty and fell so badly that I ended up selling it for a couple of dollars. There is no perfect strategy in this market.

Did you really need to quote the entire wall of text just to state your point? I agree with majority of the points that op mentioned, but I disagree with some of them. For example, it is alright to go all in sometimes since high risk = high reward in certain cases.

I honestly believe in all of these. My perspective and my belief in crypto have changed in time. These are the lessons that we could learn through our experiences here in crypto. All in all, we should also realize that there's no shortcut to success. Everything could be earned through perseverance and hard work.

I also learned of this truth the hard way when I realized that it is already too late to sell certain tokens which I kept from bounties. Now, the value of them can be laughable compared at their highest in 2017 and 2018. I should have sold them when they pumped hard and get converted to either Bitcoin or Ethereum which are proven to be the most stable cryptocurrencies for me. Of course, now I know how to deal with the same situation again....next time it will definitely be SELL.

This I qouted is the one i strongly agree,everything is right at this I know some people who are actualy countering all this and ended up being so poor he even sold the fruits of his hardwork from the past years.A newbie should read this article to get some infos on where should focus while learning about crypto trading.This helps alot

Nice works. Some of them I strongly disagree and some I strongly agree. Here is the list and the answers to those

"Don't expect that the coin with best fundamentals will bring the best gains. People don't care about fundamentals, they don't care about tech. They buy the hype and the coin with most announcements of announcements".

But, these are the coins that outperform the market expectation in long term. If you are a HODLer than these are the coins to invest.

"Don't invest anything significant in random low cap projects, even if you like them. Always approach low cap projects like you would some shady penny stock and expect that anything you invest could be lost in the blink of an eye"

This is not true always Bounty0x (BNTY), Latoken are some of the successful lowcap projects.

"The bull market makes you feel like a genius because every coin you buy goes up, but only the subsequent bear market will show which of your picks were actually solid"

Absolutely correct, if you had invested in crypto mid of 2017 then 2018 was the time when you had known which of those were actually solid projects.

"Even with all that hype in 2017/2018, it's not too late to join this game and make profits. We are still early on"

If you had entered the market in March of 2019, by now you would have made a decent amount of profit. It is never too late to enter.

Patience is the goal, if you want to achieve success in Cryptocurrency.

I went over more than 250 comments of people saying what they learned from investing in crypto
Here are a few comments that I saved to my self and I thought it will be useful to share it with the community:

- Only invest what you can afford to lose.

- Don’t be afraid to throw a little spare change into the occasional moonshot.

- Don't invest it all at once, do it in stages.

- Educate yourself on how wallets work and preferably get some hardware wallet, Not your keys not your funds.

- Don't expect that the coin with best fundamentals will bring the best gains. People don't care about fundamentals, they don't care about tech. They buy the hype and the coin with most announcements of announcements.

- Patience is so undervalued. And never chase pumps.

- Not selling when you're up 40x is literally retarded (obvious, but learned the hard way).

- Waiting for a buy-in price you like is better than settling for a price you know is too high.

- Don't invest anything significant in random low cap projects, even if you like them. Always approach low cap projects like you would some shady penny stock and expect that anything you invest could be lost in the blink of an eye.

- The Mt Gox price crash taught me patience and if in doubt, just wait and HODL

- The bull market makes you feel like a genius because every coin you buy goes up, but only the subsequent bear market will show which of your picks were actually solid.

- Adoption doesn't happen as quickly as most people think.

- Market cycles are a real thing, it's good to understand them.

- Don't listen to people who brag about some quick gains they made by chasing some pump - most of them will get rekt sooner or later and silently disappear.

- Short term swing trades are harder to pull off than they may appear. The short term market fluctuations are often irrational.

- It's much safer to play the long game: DCA buys around the bottom, hold patiently until the end of this market cycle and then DCA sell around the top.

- Don't leave money on exchanges. Even the biggest exchange can get hacked.

- Double check that you wrote down all seeds, passwords and 2FA codes properly and keep them in a safe space (Evernote or any other cloud space are not a safe space for your seed).

- Don't forget about taxes. Every trade, even crypto-to-crypto is a taxable event (in most jurisdictions). This can add up quickly. Make sure to document every trade.

- Even with all that hype in 2017/2018, it's not too late to join this game and make profits. We are still early on.

- ⁠never sell your whole stack

- never trade with your whole stack. not your keys, not your crypto

I gathered all these comments from this post:
https://www.reddit.com/r/CryptoCurrency/comments/bwojdm/what_have_you_learnt_since_first_investing_into/