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Topic: I started investing in crypto 4 years ago but recently did I made profits - page 3. (Read 1220 times)

legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
In my own opinion this is a verg good topic, it will enlighten most people who are lazy to make their own research rather prefer to follow someone else.

Just like the lazy guys who go to get old posts and respond to them?  Grin
hero member
Activity: 1694
Merit: 516
That's a great success story, I am really happy for you that you managed to turn around your trading results. For me trading was one of the hardest things I got into and I lost countless times money in the past. After so many bad trades I think now it's just part of the game when being a beginner. For me the problem was being too optimistic, I tend to focus stronger on the good possible outcomes instead of the high risk scenario. You maybe also had some luck last year with the general market direction, but that's part of the game. Only when you are invested you can profit of the market. I really like how much you learned in the last few years. That's probably the most important trait of a successful trader, to learn from past mistakes and to not repeat them.
sr. member
Activity: 1050
Merit: 383
<...>

Yes, investing in very early projects is like high risk high reward on steroids; even riskier than investing in the sort of "reputable" cryptocurrencies. Hence why investing in early projects(regardless if crypto or not) isn't recommended unless you really know how to do deep research and have deep pockets.
invest in the initial project the stakes are big, mentally must be really ready to lose. 80% of the projects that I participated in at the early, ended up being scams and made me lose, the majority were Defi projects. much better to invest only in "reputable" cryptocurrencies.
hero member
Activity: 1344
Merit: 502
To be successful in trading, you must join that platform and should invest in the coin which has a strong foundation and basement. It will definitely give you advantages. You must know about its strategies, rules, about the team and so many other things which are necessary for the success in trading. If you didn't get benefit in  four years, then it's mean that either you don't know about trading or you have selected the coin of worst background
member
Activity: 252
Merit: 11
Trading needs much knowledge as it is the way of earning, and earning didn't come without struggling and experience, You have to be expert in trading in order to earn something and get the profit, for which you need concentration and enough money for trading. But the main point is of patience which is a part of best trading as well.
hero member
Activity: 2548
Merit: 533
"CoinPoker.com"
The title is really surprising, 4years is quite a long time for you to know that you should do a research before of buying any coin, but it's good that you have recently started getting some profits from your investment, maybe if you stopped following those paid shill influencers earlier you would have started making profits before now, cause those guys don't care about your portfolio or who follows their shitty talks, also have never lost my money to any DeFi rug pull, prolly because I don't really rush to invest in all these new projects coming out everyday.
If you begin to think about it you will realize that it is not as surprising as it may seem at first sight, we need to remember that many people bought their coins at the end of 2017 when the price of every single coin was very high, and if a few of those coins in which they invested disappeared while the rest went down in value then it makes sense that they needed to wait until bitcoin surpassed by a lot its previous all time high before they could begin to see some profits, now the key is to keep holding those coins and avoid getting out of this market because I think that the bull run is just starting.
I have lots of coins sitting idle on my Myetherwallet and most of them turns out to be dead already but there are still some coins who do make out some pumps and significant price rise
which i do end up on getting some profits unexpectedly and i could tell to myself that i was lucky that i do able to buy this coin when its still cheap even though it did really
take some couple of years before it did really become valuable. Most of the time it would really be requiring some mix of luck  on crypto investment specially
if we do talk about random pumps.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
The title is really surprising, 4years is quite a long time for you to know that you should do a research before of buying any coin, but it's good that you have recently started getting some profits from your investment, maybe if you stopped following those paid shill influencers earlier you would have started making profits before now, cause those guys don't care about your portfolio or who follows their shitty talks, also have never lost my money to any DeFi rug pull, prolly because I don't really rush to invest in all these new projects coming out everyday.
If you begin to think about it you will realize that it is not as surprising as it may seem at first sight, we need to remember that many people bought their coins at the end of 2017 when the price of every single coin was very high, and if a few of those coins in which they invested disappeared while the rest went down in value then it makes sense that they needed to wait until bitcoin surpassed by a lot its previous all time high before they could begin to see some profits, now the key is to keep holding those coins and avoid getting out of this market because I think that the bull run is just starting.
hero member
Activity: 2506
Merit: 582
"CoinPoker.com"
The title is really surprising, 4years is quite a long time for you to know that you should do a research before of buying any coin, but it's good that you have recently started getting some profits from your investment, maybe if you stopped following those paid shill influencers earlier you would have started making profits before now, cause those guys don't care about your portfolio or who follows their shitty talks, also have never lost my money to any DeFi rug pull, prolly because I don't really rush to invest in all these new projects coming out everyday.
Yeah, it's unfortunate that he was under the influence of these fake influencers but I think he's not the only one. At least good that he's out now. I can't imagine how many people are making the same mistake because it's evident from the Elon Musk tweets and the craziness that follows those tweets. Once he makes any tweet, people put their brains aside and start following the move no matter if it even makes sense.

If anything, this shows how many people are reliant on others and these influencers. It's best to make your own decisions and at least don't regret if they go wrong.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
I think why do get issues for investment is that we don't research before investing, at least any altcoins investment we have to make a research of the coin first, and also long time investment gives profit only if the coin in question been listed in good exchange, at least investing in a coin that has name will be more of advantages than a coin that is under hypothesis, because some of the projects just give off along the way of investing, so if such happens the capital for the investment has wiped away.
sr. member
Activity: 1736
Merit: 306
The title is really surprising, 4years is quite a long time for you to know that you should do a research before of buying any coin, but it's good that you have recently started getting some profits from your investment, maybe if you stopped following those paid shill influencers earlier you would have started making profits before now, cause those guys don't care about your portfolio or who follows their shitty talks, also have never lost my money to any DeFi rug pull, prolly because I don't really rush to invest in all these new projects coming out everyday.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.
Like always it depends, those that were smart enough to invest during the pandemic did not really had to wait anything to get profits as they did it almost immediately, however those that decided to invest at the end of 2017 or at the top of the market that we experimented during this year probably are going to have to wait for years and that is just to breakeven, however it can be done and if you want to obtain profits then you must hold your coins for the long term otherwise you're going to become just another trader or investor that came to this market with delusions and lost their money in the process.

I totally agree with you. Every investor has a different experience, and the success would be highly influenced to the external factors like the environment, trends and even the timing when investments will be made. Cryptocurrency is among the riskiest market so every investor or trader must be ready to continuously learn, have patience and thoroughness in making decisions.
This is why your entry pointy is so critical, if you choose a period of time when the price is already too high then the amount of time you are going to need to wait to invest in bitcoin is simply too long but if you choose a period of time in which the price is low and the confidence in the market is low as well then that is when you can make profits almost immediately as the market eventually reacts and begins to go up once again, but most investors unfortunately are unaware of this simple truth.
full member
Activity: 966
Merit: 102
Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.
Like always it depends, those that were smart enough to invest during the pandemic did not really had to wait anything to get profits as they did it almost immediately, however those that decided to invest at the end of 2017 or at the top of the market that we experimented during this year probably are going to have to wait for years and that is just to breakeven, however it can be done and if you want to obtain profits then you must hold your coins for the long term otherwise you're going to become just another trader or investor that came to this market with delusions and lost their money in the process.

I totally agree with you. Every investor has a different experience, and the success would be highly influenced to the external factors like the environment, trends and even the timing when investments will be made. Cryptocurrency is among the riskiest market so every investor or trader must be ready to continuously learn, have patience and thoroughness in making decisions.
jr. member
Activity: 111
Merit: 1
I think you had made some mistakes like not waiting for the coins and in trading, I would prefer everyone that patience is very necessary. Some people think that trading is a game but in my sense it is business. And a business without patience can never be done. So, it may be due to some of your mistakes. Try again with small capital.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
The thing about following credible sources for which project to invest in is some projects will get these guys to be advisors which paints a picture of that project being good when in fact not.
These guys when paid a few pieces of silver can mislead the masses and you need to take their advise with caution which is why they always put disclaimers when introducing projects they consider to be good. But still it's a good strategy to catch good coins but not just foolproof.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.
Like always it depends, those that were smart enough to invest during the pandemic did not really had to wait anything to get profits as they did it almost immediately, however those that decided to invest at the end of 2017 or at the top of the market that we experimented during this year probably are going to have to wait for years and that is just to breakeven, however it can be done and if you want to obtain profits then you must hold your coins for the long term otherwise you're going to become just another trader or investor that came to this market with delusions and lost their money in the process.
full member
Activity: 1708
Merit: 126
Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.
member
Activity: 1120
Merit: 68
It can be seen that the correct approach was probably chosen for his opinion in order to trade, but patience and perseverance sometimes give a good result
Patience and perseverance always gives good results. I mean OP should've learned not to easily trust stuff online especially crypto, OP had experienced 3 rug pulls, meaning that OP was a bit on the stubborn, gullible and stupid side because 1 rug pull should be enough to have a lesson learned type of catharsis.
hero member
Activity: 2170
Merit: 530
Really glad to know this.
Investing 4 years ago may be at a bearish time. You should have got big profits. And taking profit when it has at least reached the target price is wise enough. Sometimes, we need to invest in the long term, but how long we are investing will also depend on our condition.
And using the money to invest again in other coins should be smart and wise enough.
You can use not the whole money but maybe only with the profits that you take. Then, using it to invest in the trusted and reputable coins. If it is about Def, ensure you are not following the hype.

I've met many traders and investors of cryptocurrency today which was a 4 year old traders and now they were doing great in their life and continuously educating their selves about cryptocurrency. To be honest reading this thread I get inspired I mean the patient that OP has instill in himself while dealing in this platform for long time ago and only had take a profit recently is amazing. But there's a lesson that I've learned from this thread is that never be one of those people used to invest in a token because of the hype, learn to educated yourself about the project.
hero member
Activity: 2842
Merit: 625
It can be seen that the correct approach was probably chosen for his opinion in order to trade, but patience and perseverance sometimes give a good result
Patience in a way that you know also when to sell.

If you're just patient but without action and knowing when it is exactly good time to sell, your patience won't be used that much.

But if you know how to apply it properly and it's in the nature of yours then you'll really meet those results and profits.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
Really glad to know this.
Investing 4 years ago may be at a bearish time. You should have got big profits. And taking profit when it has at least reached the target price is wise enough. Sometimes, we need to invest in the long term, but how long we are investing will also depend on our condition.
And using the money to invest again in other coins should be smart and wise enough.
You can use not the whole money but maybe only with the profits that you take. Then, using it to invest in the trusted and reputable coins. If it is about Def, ensure you are not following the hype.
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