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.
Topic: I started investing in crypto 4 years ago but recently did I made profits - page 6. (Read 1220 times)
July 30, 2021, 07:22:10 PM
July 30, 2021, 06:55:23 PM
The resulting profit, which OP writes about, in my opinion is explained by the bull market, which may have already ended. There is nothing easier than to get a profit on the bull market, for this you need to buy a coin today and sell it the next day. And it's quite another thing to get a profit in such a market as now, when many have already lost part of their deposit.
An interesting observation and I agree with it, many traders confuse their own skill with the movements of the markets themselves, everyone looks like a genius when the market can make 3 or 4 ATHs in a single week, that is the easiest thing in the world, but been able to pull profits when the market is going down and when the market is not moving much requires more talent and this is where most traders fail and they lose all the profits they accumulated during the bull market and in many cases they lose more than that. 
July 29, 2021, 06:21:56 AM
The first rug pull I had was fullsail finance, they were looking great and I invested 100 bucks into it, the promises of great features made me invest into it and thought they would actually end up doing them. However what really hurt was the fact that I turned that 100 bucks which I got in very very early, into 400+ dollars, so I had a chance to sell all my tokens and make 4x profit in less than a day because of how much hype it got. What happened? They rug pulled and now all of that worths just a few cents even if I could sell it, and I lost a good chunk there.
However if we consider Cake as DeFi as well, I have made my biggest profit there, I have really gotten into it at the greatest time, when it was around 2 dollars and that is the way I made my most profit. I also invested into algo stable coin SBDO as well, made a 8x profit from that, and then lost it all and got out at break even, didn't lose any money but didn't made any profits neither.
However if we consider Cake as DeFi as well, I have made my biggest profit there, I have really gotten into it at the greatest time, when it was around 2 dollars and that is the way I made my most profit. I also invested into algo stable coin SBDO as well, made a 8x profit from that, and then lost it all and got out at break even, didn't lose any money but didn't made any profits neither.
July 27, 2021, 06:30:47 AM
The resulting profit, which OP writes about, in my opinion is explained by the bull market, which may have already ended. There is nothing easier than to get a profit on the bull market, for this you need to buy a coin today and sell it the next day. And it's quite another thing to get a profit in such a market as now, when many have already lost part of their deposit.
July 26, 2021, 04:32:04 PM
sorry but it looks like you advertise your self or the website that you mention because you said follow credible experts and we assume that your already an expert because of that 4 year experience in your story . one thing that makes me question this is why will we rely on influencers or the experts .
we have enough of elon musk , dont add more . lets not let them dictate us and manipulate this entire market
we have enough of elon musk , dont add more . lets not let them dictate us and manipulate this entire market
July 26, 2021, 03:44:49 PM
It's good that you are seeing profits in your portfolio but how are you sure that the influencers you are following are credible ?
You said that you lost money when you started following influencers blindly but you are still continuing to do that.
Don't you think it would have been even better if you could have some how found a way to learn how to trade/invest from those credible influencers instead.
This way you wouldn't had to follow those credible influencers but instead follow their steps and additionally add your smartness into it to gain more profits.
We must remember that influencers by their profession have to be polemic and they have to have extreme views, so it worries me the OP is still following influencers that he deems can be trusted, as you say how can you know that a influencer can be trusted when you do not have the knowledge to trade the markets by yourself and you do not know if you are receiving good advice or not? You cannot do that and by the time you develop your own skills in order to know this then you do not need those influencers on the first place. You said that you lost money when you started following influencers blindly but you are still continuing to do that.
Don't you think it would have been even better if you could have some how found a way to learn how to trade/invest from those credible influencers instead.
This way you wouldn't had to follow those credible influencers but instead follow their steps and additionally add your smartness into it to gain more profits.
July 26, 2021, 05:40:12 AM
Knowing the risk of investing will be important before you start investing because you will know how to prevent the risk from becoming bigger. We do not know where the market will go but if we know how to manage the risk, it will help us to know what we need to do. That is why you need to learn more about crypto before you invest in any project, including in the DeFi project, because out there, many DeFi projects attract you to invest with them but do not know how good their project is in the future.
2017 hype on ICO we're too high before, if you were able to buy early in 2017 and sell before 2018 there can be a profit. But if you wait 4 years and didn't do anything with some top altcoins there there is a big profit with the difference of the price now. But if from some projects that are not able to recover from 2018 then it's a loss. It will depend on what project we invested in if it's not BTC.
July 25, 2021, 09:56:39 AM
What I've learned at the End is,
1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.
Becoming an expert is a huge achievement that we might get but honestly, we could only just reach that if we are also able to reach it, and that means we have to work it hard and never stop from learning and gathering ideas.
July 25, 2021, 05:44:21 AM
Knowing the risk of investing will be important before you start investing because you will know how to prevent the risk from becoming bigger. We do not know where the market will go but if we know how to manage the risk, it will help us to know what we need to do. That is why you need to learn more about crypto before you invest in any project, including in the DeFi project, because out there, many DeFi projects attract you to invest with them but do not know how good their project is in the future.
July 25, 2021, 02:37:48 AM
As a beginner I was following all the Influencers blindly & lost all of my savings.
Mostly, all beginners tend to blindly invest in where either their friends invested in or where he is suggested of. Here they get stuck as the coin they invested in, may not be moving in the right right direction they expected. I know few friends, newly came in and invested into Wazrix when it was on its height. Yes they are at lose as of now. But i have suggested them to wait until market booms again.
Its good that you have learnt a lot to gain profits now. Your patience might have yielded the profit.
July 24, 2021, 10:04:41 PM
As a beginner I was following all the Influencers blindly & lost all of my savings.
Mostly, all beginners tend to blindly invest in where either their friends invested in or where he is suggested of. Here they get stuck as the coin they invested in, may not be moving in the right right direction they expected. I know few friends, newly came in and invested into Wazrix when it was on its height. Yes they are at lose as of now. But i have suggested them to wait until market booms again.
Its good that you have learnt a lot to gain profits now. Your patience might have yielded the profit.
July 24, 2021, 08:49:57 PM
4 years is really a long time frame for a person to start making profit from crypto, never a day have i ever followed an influencer option, well I only watch YouTube videos to build up my technical knowledge, which is I watch videos concerning technical analysis which makes me point out a good entry for a particular coin before it pumps. Well everybody with their own strategy I never participated in defi tho, been a trader and an investor, buy low and hodl for a long time frame.
July 24, 2021, 05:08:20 PM
Check its market volume, where it was listed, and sometimes we do some chart analysis to know if we are in the best position to buy.
Is good to look at market volume and others but we need to know that as far we talking about trading, it is win or lose and it loses we can't know when it will come or neither do we have control over it. This means some projects are merely pump and dump which is a reason we should take a risk we can bear when it fails. That is a more experienced advise we get from professional traders.
July 24, 2021, 02:28:40 PM
Check its market volume, where it was listed, and sometimes we do some chart analysis to know if we are in the best position to buy.
Is good to look at market volume and others but we need to know that as far we talking about trading, it is win or lose and it loses we can't know when it will come or neither do we have control over it. This means some projects are merely pump and dump which is a reason we should take a risk we can bear when it fails. That is a more experienced advise we get from professional traders.
July 24, 2021, 11:47:35 AM
We can have a different method to find a way in investing but you need to be careful if you want to follow Credible Experts as you say because we do not know much about them. I prefer to learn as much as I can and collect as much info from many sources to determine where the market will go. You do not need just to follow and accept the suggestion from the experts because they can not always be correct in the analysis. If you can get more info about the market situation and condition from many sources, it will help you decide.
July 24, 2021, 11:08:53 AM
What I've learned at the End is,
1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.
July 24, 2021, 10:33:43 AM
It's good that you are seeing profits in your portfolio but how are you sure that the influencers you are following are credible ?
You said that you lost money when you started following influencers blindly but you are still continuing to do that.
Don't you think it would have been even better if you could have some how found a way to learn how to trade/invest from those credible influencers instead.
This way you wouldn't had to follow those credible influencers but instead follow their steps and additionally add your smartness into it to gain more profits.
You said that you lost money when you started following influencers blindly but you are still continuing to do that.
Don't you think it would have been even better if you could have some how found a way to learn how to trade/invest from those credible influencers instead.
This way you wouldn't had to follow those credible influencers but instead follow their steps and additionally add your smartness into it to gain more profits.
July 24, 2021, 09:19:58 AM
What I've learned at the End is,
1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.
July 24, 2021, 07:23:03 AM
...What I've learned at the End is,
1) Find & Follow Credible Experts.
...
1) Find & Follow Credible Experts.
...
The fact that you need to listen to the opinion of influential people is certainly correct. But at the same time, it is not necessary, without proper analysis, to follow their recommendations. You should have your own opinion on what is happening in the market and your own plan for if the market is directed in the opposite direction to your expectations.
sometimes the expectation is reached, sometimes not. i followed a reputable investor too and turnout to be a good investment for me. i regret investing in the end because i didn't buy a lot of it. i'm sure defi projects are pretty good when behind it are reputable people as well.
i'm however not fond of staking so i sold it during its ATH. if i didn't sold it i probably regret as well because right now the price dips. i couldn't say i'd buyback but SOVRYN had dip hard. it was a good project actually. still the price is better than its presale price.
July 24, 2021, 06:08:07 AM
...What I've learned at the End is,
1) Find & Follow Credible Experts.
...
1) Find & Follow Credible Experts.
...
The fact that you need to listen to the opinion of influential people is certainly correct. But at the same time, it is not necessary, without proper analysis, to follow their recommendations. You should have your own opinion on what is happening in the market and your own plan for if the market is directed in the opposite direction to your expectations.
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