I already invested in scam projects and already experienced a lot of rugged pulls which makes me sad and thinking of quitting investing any more in a newly created project but it made me realized that what will I am going to do if I will stop trading, I won't be rich if I will still rely on my main source of income, so as of now I am still investing and most of the time scalping thankfully it gives me good income.
That happens to a lot of people and in a way it is just the price you need to pay to invest in those coins, however if the only thing you have gotten are bad results maybe it is time to rethink your strategy, I know that a lot of people do not like the idea of investing in bitcoin because they know they will never obtain the profits they can with other coins, but you could think of your investment in bitcoin as a retirement account and in 20 or 30 years it will be more than enough to retire comfortably. 
Topic: I started investing in crypto 4 years ago but recently did I made profits - page 4. (Read 1220 times)
August 13, 2021, 07:21:44 PM
August 13, 2021, 01:31:35 PM
It sure took you a long time to make a profit, never expected that, unless you made a pact with yourself that you are going to hodl for a long time that is but it seems that you didn't and it's a series of unfortunate events for you with those rug pulls and shit projects, you could've made a lot of money if you have stick to bitcoin.
August 13, 2021, 01:23:34 PM
First, you should listen to yourself and then other people because you should learn from yourself more and get the profit otherwise they have paid project and paid groups. So, read about the coins first and analyzed them if you want to get profit.
Yes that is one side of the trading industry and i too admit it.
But there is also some positive aspects in this particular field.
If you want a steady profit and yes this will be small, then join some paid groups.
I know as a beginner it’s hard to join paid groups , so you can join twitter free signals.
This will not keep you wait for long time and will yield you quick profits.
August 13, 2021, 12:44:50 PM
It's pretty easy to explain. Traders trite believe that they can make money in this way. After all, they see that someone was able to make money, and they think that they themselves can do the same.
its because of doubts? I know it's, coz they just relying of the results of other people when it comes such manner. Which they don't have their own way to make their life easier on the space, like when trading and especially making investment.. If they saw people who suffer due to making mistakes they are hopeless as well.. Lmao lazy people always a loser. As the matter of fact its their choice, so we don't have rights to correct them.. We need to let them realise their mistakes because on that way maybe they all can get a lessons afte all. Let them realize but if there's a way of reminding them better to do so, lots of lazy investors made this same
mistake over and over without realizing the main factors on why they are losing their money. giving them piece
of advise will give them reasons to think about it and try to change something for their benefits.
August 13, 2021, 12:38:41 PM
What was your first DEFI Coin?
Did you got rug pulled?
I have started investing into crypto 8 years ago, and my first ever "profit" from investment was just a few months ago, it was a huge profit as well so I am happy (spent it all already) but at least I made it. I never saw crypto as something to invest, I saw it as a new method of "money" and that's about it, just like how I do not "trade to earn more dollars" because there are people who do that but not majority of people who use dollars made that by trading, they worked for it.Did you got rug pulled?
Same goes for me, I work for my crypto, and that's about it, then I cash that out and spend it on my monthly expenses to survive and live, pay for my food and bills and stuff.
Trading or investing was something I did small time because I didn't believe that I could do that, I always did it on very small scale, from 100-1000 dollar levels, but for the first time ever I started doing it on early 2021 like January or early February, and I made a very good amount until May. And very lucky that I sold mine on 1st of May to go into another thing.
August 13, 2021, 12:26:09 PM
for the past four years, the market has been in a sluggish condition, and until now the market has only reacted. I salute your persistence, where but patient to wait for the target for 4 years. the thing we can learn is that investing like this, we have to be patient waiting to make a profit when the bullrun occurs. besides that we are taught to get out of the market before the peak occurs, because otherwise the market will go back down and we will not know how long we will wait
August 13, 2021, 06:04:30 AM
It's pretty easy to explain. Traders trite believe that they can make money in this way. After all, they see that someone was able to make money, and they think that they themselves can do the same.
its because of doubts? I know it's, coz they just relying of the results of other people when it comes such manner. Which they don't have their own way to make their life easier on the space, like when trading and especially making investment.. If they saw people who suffer due to making mistakes they are hopeless as well.. Lmao lazy people always a loser. As the matter of fact its their choice, so we don't have rights to correct them.. We need to let them realise their mistakes because on that way maybe they all can get a lessons afte all. August 13, 2021, 01:21:04 AM
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
August 12, 2021, 06:33:50 AM
As you have made many mistakes like investing in the coins without being knowing their strategies and not analyzing the coins at all which is the most important thing in trading and secondly you were in a hurry like not having patience but you know really well that how much patience is important in trading.
August 11, 2021, 05:42:37 AM
I've been investing in defi without knowing the risks.
I think we all need to know risks investing in defi.
As a beginner I was following all the Influencers blindly & lost all of my savings.
I think we all need to know risks investing in defi.
As a beginner I was following all the Influencers blindly & lost all of my savings.
Everyone makes this mistake, not only you becouse beginner can't understand that what is correct and what is wrong, their aim is just make money from crypto, so they Believes easily the other person.
Had 3 rug pulls & lost more then 80% in other defi projects I Invested into.
what i found is, it's very important to check & verify team.
Also see if they have a live product.
And also Find Influencers who are really credible.
Then I started creating a spread sheet to track Credible Influencers & Their calls.
Bought RSR & Made Really Good Multiples on It.
What I've learned at the End is,
1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.
I've been my full journey on coreto.io,
where you can clearly see my credbility (Trust Score).
And my reliability.
P.s - It's also a project I'm Investing recently into as it's pretty similar to tradingview with trust & performance score measured in their tokens.
What was your first DEFI Coin?
Did you got rug pulled?
Share Name of Influencer That you feel is shady?
what i found is, it's very important to check & verify team.
Also see if they have a live product.
And also Find Influencers who are really credible.
Then I started creating a spread sheet to track Credible Influencers & Their calls.
Bought RSR & Made Really Good Multiples on It.
What I've learned at the End is,
1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.
I've been my full journey on coreto.io,
where you can clearly see my credbility (Trust Score).
And my reliability.
P.s - It's also a project I'm Investing recently into as it's pretty similar to tradingview with trust & performance score measured in their tokens.
What was your first DEFI Coin?
Did you got rug pulled?
Share Name of Influencer That you feel is shady?
August 11, 2021, 03:35:59 AM
I already invested in scam projects and already experienced a lot of rugged pulls which makes me sad and thinking of quitting investing any more in a newly created project but it made me realized that what will I am going to do if I will stop trading, I won't be rich if I will still rely on my main source of income, so as of now I am still investing and most of the time scalping thankfully it gives me good income.
Then at least learn your lessons,,, do not stop crypto but sit carefully and ask yourself what you want out of this.
If it is financial freedom and a chance to be part of the new world of crypto, then stick to Bitcoin and stop trading,,, invest what you can and when you can, learn to use Bitcoin and not just trade it.
And get another job:)
August 10, 2021, 05:57:42 PM
It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.
In this case, it is not necessary to guess with a new coin for investment, because any coin with a small capitalization in the future will give a greater profit than BTC and ETH. To do this, you need to monitor the dominance of BTC and if we see it growing by 1%, then we can expect that the price of altcoins will grow by 10%. And, accordingly, vice versa...
or would go to the opposite path which does signify that everything do really depends on the market demand or by people.If you do make out profits no matter what kind of strategy you do have
then it would really be always consider to be good because not all would really be that good when it comes to handling out their investment and do still end up on holding and some do even loss.
August 10, 2021, 02:04:29 PM
What you have said is the normal step that everyone should take. People who take decisions without looking into them properly would usually end up regretting the decisions they have made, so it’s very important to always make that you’re doing your research to verify that the information you’re getting is as accurate as possible. And of course you should be sure that the influencer you are following actually knows what they are doing.
If it is possible you should check their portfolio and see if they are really what they are claiming to be or they are just some fake parading themselves as professionals in the field.
If it is possible you should check their portfolio and see if they are really what they are claiming to be or they are just some fake parading themselves as professionals in the field.
August 10, 2021, 11:37:59 AM
It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.
In this case, it is not necessary to guess with a new coin for investment, because any coin with a small capitalization in the future will give a greater profit than BTC and ETH. To do this, you need to monitor the dominance of BTC and if we see it growing by 1%, then we can expect that the price of altcoins will grow by 10%. And, accordingly, vice versa...
August 10, 2021, 04:53:10 AM
It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.
In this case, it is not necessary to guess with a new coin for investment, because any coin with a small capitalization in the future will give a greater profit than BTC and ETH. To do this, you need to monitor the dominance of BTC and if we see it growing by 1%, then we can expect that the price of altcoins will decrease by 10%. And, accordingly, vice versa...
August 09, 2021, 05:10:39 PM
...I prefer investing in popular coins, such as Bitcoin and Ethereum, which are proven to be safe and can generate large profits.
I do not encourage you to change coins for investing, because many also adhere to this strategy. But it has long been noticed that the greatest profit is brought by new altcoins, which after pumping grow in price by hundreds and thousands of percent. Thus, you can subsequently transfer all the profit received from trading altcoins to BTC.
August 05, 2021, 07:36:55 PM
-snip-
Certainly, I myself undergone being a newbie but everything in trading went unfortunate for me because of less knowledge and skills. Within 4 years of existence in crypto, the long term will be the best I can suggest along with the ways of this trading career; and you'll always safe on that matter. Shitcoin indeed, did a regretful situation for me when I failed to decide quickly to dumping them but I needed to push back and move on for better.I cannot say that trading like this is the most profitable, or daytrade is the most profitable or even holding is the most profitable. because sometimes, each strategy will fit someone but not for others.
August 05, 2021, 03:40:47 PM
Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.
You're brave to get up and stand on your own. The lesson that you're sharing to everyone is important and if there's someone that won't listen to you and is standing on the same situation, he has to learn from you.
You are doing the correct thing, many people get too excited with new ideas that on the surface look great but at the end of the day are going to give them losses, the problem with this is that your capital is not infinite so if you invest in those projects then there is going to be a very high chance that you are going to lose your money and then once you learned your lesson it is going to be too late and you are going to be unable to invest in projects that are worth your time. You're brave to get up and stand on your own. The lesson that you're sharing to everyone is important and if there's someone that won't listen to you and is standing on the same situation, he has to learn from you.
August 04, 2021, 07:59:21 PM
Those were part of the challenges in crypto, and 4 years I think is enough for us to become more mature specially on experiences that made us more stronger.
Don't take it as discouragement, but rather a tool for us to grow more desirable and motivational building on our well being towards every trading circumstances. We can't expect all great things to remain constant, there are times we also need to consider failures because it made us definite skills and knowledge.
Having satisfaction with our profit, and avoiding greed could help us move forward in trading together with positivity.
Don't take it as discouragement, but rather a tool for us to grow more desirable and motivational building on our well being towards every trading circumstances. We can't expect all great things to remain constant, there are times we also need to consider failures because it made us definite skills and knowledge.
Having satisfaction with our profit, and avoiding greed could help us move forward in trading together with positivity.
It's so easy to say or give a words of encouragement to a person who you didn't personally knew, specially in way that every person here who share thoughts were anonymous.
We can't control greed when there's a burning faith within us that we're going to earn more and yet having positivity didn't go well during crashes happened.
Let's be realistic here now, and don't ever panic when downfall happens, because 4 years of trading I think we will be able to establish strong foundation instead of quitting from crypto.
August 04, 2021, 07:14:41 PM
~
Just stick with it as much as you can. When I choose coins to trade back in the days, I didn't go way below top 10 in CoinMarketCap. Quite limited of my choices, but it is better to be safe than sorry.I never did try to use stop-loss back in that day, but by just reading around the forum it helped me understand how literally it can help one to manage in bearish times.
actions to be made neither it is your own choice or basing with the things that you had able to read up. Investment decisions will vary from person to person
If you do make profits then thats good but if you lost then thats part of the risk.Thing here is that you dont easily give up and finding ways to make
yourself even way more better.
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