Topic: I started investing in crypto 4 years ago but recently did I made profits - page 7. (Read 1358 times)

I was enjoy all you had to say until you gave that advice, I won't blame you though since you did what you're saying and it works for you so now you'll be thinking it'll work for others too but that's not the case, these influencers are all the same. They'll always choose their pocket over your interest. They might start off as been honest but when the offers starts coming in, they'll take them and start shilling worthless scams that'll most likely steal all your money.

That I merited you doesn't mean I agree to what you're saying, experts aren't the best way to go about investing. What do they have that you don't? You might say the experience. Well that's correct but do you think they got that experience by blindly following others, I doubt. They did it with their own experience of trying untill they perfected whatever they're teaching now. You should do that too, there's something that following an expert dies to you that can make you doubt yourself.

Don't forget if their speculation were to be wrong, you didn't gain anything from the mistakes since the trades we're your own reasoning. You had no idea how the trades came about which shouldn't be how you go about investing in the industry. You should be ables to profit from your gains and losses and that can only happen when you do your own due diligence and not relying on others.

Yes, you can but for this you have to read about the coins more and  more if you have enough knowledge about the coins and you knows really well that at which time this coin is going to up and this coin going to down. It will give you a lot of profit.

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.

Don't be influenced by influencers or anyone. i prefer to research myself and try to do analysis based on belief than having to bet money but fail. because investment is not an exact science that can be successful in a short time, but investment requires a lot of good calculations

Step 2 is a must and anyone that is serious about making money should choose that route from the very beginning, step 1 was unnecessary and it is what cost you to lose so much money on the first pace, do not waste your time with the predictions of those experts and influencers, even if there are a 10% of those people that are honest, and I do not believe that for a second, by the time you find one you will lose almost all of your capital which is the same thing that happened to you.

No matter how much knowledge you gather before entering crypto trading, you will only learn once you make mistakes. We all need to face tough times when the market is bearish and panic is something that cannot be practiced, to be honest. All the social media influencers and pundits are just paid promoters who take money from projects and then promote them just like how John McAfee did.

I believe the best way to master crypto trading is by making mistakes, improving yourself and repeat the process unless all the mistakes are corrected. Even then, because of how volatile the market is, you will face loss but at least you will end up doing more profitable trades than losses.

Admitting and willingness to move forward is how a traders should keep in mind, it's not easy to just blindly follow anyone advise and hope that it will bring you something, which is most of the time the outcome is not on your favor.

Understanding and finding the right ways to have a successful journey start inside you, when you already realize that you needed to adjust and change the way you doing wrong, that's the start of doing the right thing. Learn and never to stop learning.

End of the day, success once you achieve it you'll be thankful that you experienced the worse and overcome that failure then convert it to positive successful outcome.

You have done and experiencing the worse scenarios in your life in crypto and I believe that you had learned it already. Now, maybe it was time for you to start over again and be sure that everything is in a good position.
All you need to do now is to carefully choose those projects that are worth enough, not just because of someone suggested but it was you who do the search.

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.

True and even the best analysts fail at analyzing these new projects because there are many obstacles in the way of success. I will list down some.

1- Lack of interest from the traders and investors, no matter how good a project is, if there is a lack of interest from public, then it won't do well.

2- Lazy and disjointed teams, I have seen some teams where one group wants to actively work while some were just interested in the project till the crowdfunding was being done.

3- Other problems like scaling and use cases. A project may be fundamentally strong but it must also have good metrics and technical aspects to be successful.

Well truly a long time, but at least you're progressing. Project investments are always a hit or miss ngl, with most of them being a miss but finding a hit one could always project you with great profits if you invested big on them. I've tried it myself when I entered and never really profited, mostly why I just gave up and decided to invest monthly on BTC and hodl. Trading was never made for me, glad that your persistence made it last this long though. What made me see when I entered crypto was you go big or you go home while losing big. Small profits weren't really enough to defend the idea of trading, and without risking it all in an asset, it isn't really quite enough.

This got me and I'm glad you found your way around even after having your own share of losses which is actually normal for most starters. You can't really do much in defi projects as a novice if you don't have a mentor who is experienced enough to guide you.
My first defi coin was Tron although it wasn't massive but I pulled some profit though it was my early days investing in defi projects and I had a mentor who was always putting me through on when to hodl and when to pull out it was pretty much easier for me

It's good that you have finally profited in crypto, your situation isn't that unique but not too common, you could've prevented some of those mistakes with patience and some prior knowledge before entering crypto.

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.

What needs to be understood is that no one knows where the market will move. therefore self-confidence is needed to determine attitudes. many vvip channels to join and get signal, but what must be understood is that it is just an analysis, which is not necessarily true

It's really a bet. Investing in startups has always been more risky than any other type of investment that I know, there's a lot of risk there, as we can't really know exactly, which is a really reputable and safe business. Moreover, even if we already know the businesses are reputable, and it is a real project, investing in it is still a risk as we will put a large amount of money into it for a while without knowing what we'll get in advance, the rate that businesses and startups succeed is very small, and choosing the right one is extremely difficult  It's real bet...

You really don't even need to do those things. All you need to do is to hold BTC long term(along with some ETH depending on your opinions). It's good if you're capable, but researching and evaluating sort of "crypto startups" isn't for everyone.

I call it as human greed  we are all not too familiar with such things, especially when trading in the cryptocurrency market. I myself am someone who has gone through that process many times. My bad trading experience also came from my greed lam. Have you ever made a profit of almost 3 thousand dollars in a small order in one day? Of course it comes from big leverage. I was able to take profits as soon as I got over $2,000 in profit, but out of greed, I didn't. And you know, when things turned around, I almost all, or to be more precise, lost. Everything happened so fast 

I think that a lot of people when they start out they follow some influences or so claimed experts blindly, and when they lose they just blame the person or the method rather than reflecting on what they have personally made wrong, sure you can follow some experts but the market is unpredictable and no one really know how things are going to go, and people find it easier to blame others, the point is experts are not going to make you rich because they are not always right no matter how credible they are.

It happens quite well. You are not alone in this. There are many people who could not make money even during a bull run, they just had no luck.
Wherever they invested money, although the most obvious decisions were in front of their noses, they simply ignored them in the hope of a more significant jackpot.

Good for you that you do make profits and since this is the main thing on where people do really target out but simply its not obvious that you are just promoting yourself on here.

Answering up these things.

What I've learned at the End is,

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.


1. We dont actually need one but its not bad to look out for their calls and apply it into your analysis.
2. We are all doing out best to be a better trader or investor at all costs.