Investing and trading in crypto: can make you or mar you. - page 3.

Quidat

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Quote from: AmoreJaz on June 27, 2023, 05:54:29 PM

Quote from: kawetsriyanto on June 27, 2023, 05:50:40 PM

Quote from: Mehedi72 on June 24, 2023, 05:55:25 AM

Although those are memes, created for fun but also indicates how important it is to choice potential coins before investment or situation would be same as meme cause choosing and investing money with random altcoins, is not proper way to take entry in crypto market. It is important to learn, analysis and then investment. Although people make mistakes, sometimes big mistakes, sometimes analysis gies wrong but it Doesn't mean crypto is scam. There are a lots of people who make huge from crypto

Yep. The point is to have sufficient knowledge and experience. Without knowledge and experience, people cannot analyze when the time to entry or which coin to buy. It is a big mistake to trade or invest in random coins, it probably ends up with severe losses. It is also the same as choosing the wrong time to entry, you will have no opportunity to take profits if you buy at the highest price (ATH) and then you expect to gain profits in the bearish season. So, know well everything about crypto before starting to invest or trading, it is the crucial key for the success in crypto.

going into this market takes a lot of effort from your side as a trader. however, a lot of newcomers have this notion of getting rich quick once they are into crypto trading. well, they will learn quick that there's more than meets the eyes in this market.
experience and continuous learning about this market will equip you in your trading journey. but don't expect that you will always win when you execute your trade. you will still lose some if you are not careful with your orders.

A very common newbie impression or mindset on which you would really be mainly be thinking up on this way with your first time encounter on things on which it would really be just that normal to have that impression as a noob because you would be mainly seeing those who do make profits and trying out to put up into your feet and thinking that it is really just that easy. Buying low and Selling high?
Sounds really pretty basic but on the time that you would really be setting your foot into this market then this is where you would be able to realize things that it isnt something that you could be able to handle it out so easily. Lots of efforts and lots of considerations which you would really be mainly needed for you to handle yourself on this unpredictable crypto space. Investing isnt just simply putting up some capital then you're good to go. You would be needing to exert lots of effort and lots of analysis before you could make out such survival on this space.
Its hard but not impossible and it would be entirely depending on you on how you would really be gonna handling yourself.

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Quote from: Mehedi72 on June 24, 2023, 05:55:25 AM

Although those are memes, created for fun but also indicates how important it is to choice potential coins before investment or situation would be same as meme cause choosing and investing money with random altcoins, is not proper way to take entry in crypto market. It is important to learn, analysis and then investment. Although people make mistakes, sometimes big mistakes, sometimes analysis gies wrong but it Doesn't mean crypto is scam. There are a lots of people who make huge from crypto

This can be true about what op had explained but it does not apply to everybody because it is very certain that some persons would lose as an investor maybe due to inexperience or lack of information that can help them get to where they need to be. Cryptocurrency trading or investment is very risky for those who might not understand what it means and entrails. Fro us to keep making money in cryptocurrency, we need to keep learning new things so that the information we have will not be outdated due to new trending that is coming up every season.

AmoreJaz

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Quote from: kawetsriyanto on June 27, 2023, 05:50:40 PM

Quote from: Mehedi72 on June 24, 2023, 05:55:25 AM

Although those are memes, created for fun but also indicates how important it is to choice potential coins before investment or situation would be same as meme cause choosing and investing money with random altcoins, is not proper way to take entry in crypto market. It is important to learn, analysis and then investment. Although people make mistakes, sometimes big mistakes, sometimes analysis gies wrong but it Doesn't mean crypto is scam. There are a lots of people who make huge from crypto

Yep. The point is to have sufficient knowledge and experience. Without knowledge and experience, people cannot analyze when the time to entry or which coin to buy. It is a big mistake to trade or invest in random coins, it probably ends up with severe losses. It is also the same as choosing the wrong time to entry, you will have no opportunity to take profits if you buy at the highest price (ATH) and then you expect to gain profits in the bearish season. So, know well everything about crypto before starting to invest or trading, it is the crucial key for the success in crypto.

going into this market takes a lot of effort from your side as a trader. however, a lot of newcomers have this notion of getting rich quick once they are into crypto trading. well, they will learn quick that there's more than meets the eyes in this market.
experience and continuous learning about this market will equip you in your trading journey. but don't expect that you will always win when you execute your trade. you will still lose some if you are not careful with your orders.

kawetsriyanto

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Quote from: Mehedi72 on June 24, 2023, 05:55:25 AM

Although those are memes, created for fun but also indicates how important it is to choice potential coins before investment or situation would be same as meme cause choosing and investing money with random altcoins, is not proper way to take entry in crypto market. It is important to learn, analysis and then investment. Although people make mistakes, sometimes big mistakes, sometimes analysis gies wrong but it Doesn't mean crypto is scam. There are a lots of people who make huge from crypto

Yep. The point is to have sufficient knowledge and experience. Without knowledge and experience, people cannot analyze when the time to entry or which coin to buy. It is a big mistake to trade or invest in random coins, it probably ends up with severe losses. It is also the same as choosing the wrong time to entry, you will have no opportunity to take profits if you buy at the highest price (ATH) and then you expect to gain profits in the bearish season. So, know well everything about crypto before starting to invest or trading, it is the crucial key for the success in crypto.

fullhdpixel

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Quote from: Bitcoin_people on June 25, 2023, 07:34:03 AM

When people invest in crypto they aim to succeed. But many times it is seen that people on different social media after losing their investment discuss in different ways. As far as I know, any successful investor does not share his feelings on social media when he suffers a loss. I have seen my friends who trading in crypto and suffered losses by Tranding without analyzing it properly. But later they didn't develop any mentality to the contrary rather they are taking education with the aim of gaining special knowledge about investment. If you know good strategy about investing or trading in crypto then it is definitely possible to succeed. And depending on everything, later on, if you make a good investment decision, it is possible to succeed in life.

People actually don't lose money if they are trading in the spots market and not in futures or the project doesn't rug pull, they simply have the value of their money go down when they choose the wrong token or coin for investments and their money will get stuck forever if the coin doesn't manage to get back to the position where they bought it at, that's why it's important to invest only in coins that you know won't do that with your money.

Those who face such situations might hide it from others because as a part of human nature, we always hide our losses from others because we think that they will make fun of us but when we win, we share it with everyone so that we get appreciated, that is human nature.

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Quote from: shivansps on June 25, 2023, 05:03:53 PM

The whole point of this is that you never know for sure whether the price will go down or up. You should always remember that if someone has lost money, then someone else has earned it.

That's the logic in trading and that's why we do see huge institutional companies slaughtering the retail and small traders for their personal gain. And they're all doing that with the start of sending FUD to the market.

Quote from: shivansps on June 25, 2023, 05:03:53 PM

This is the first rule of trading, don't trade with money you can't lose.

While many newbies think that trading is a gateway to riches. The time of making them realize that this is a brutal market, especially for them that shall teach them the hardest way is that they're willing to lose money at set in the beginning. But then, they should limit themselves in spending because they'll all learn these lessons along their way upon being familiar to this market they're in.

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The whole point of this is that you never know for sure whether the price will go down or up. You should always remember that if someone has lost money, then someone else has earned it. The problem with people who went from billionaires to millionaires is not that they traded, but that they traded money that could not be traded. This is the first rule of trading, don't trade with money you can't lose.

OcTradism

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Quote from: TheUltraElite on June 12, 2023, 01:54:10 AM

It is partially because spikes in crypto price and related media buzz occurs only on a bull run or all of a sudden. Newbies trying to make money will attempt to join then only and thus end up buying at the inflated price. This can be changed only by experience and by learning from mistake and not from us telling them about it.

Each bull run is fueled by newbies like them and I sympathize for their losses but without them, without their new capital in each bull run, price won't be moved up too much.

Quote from: Bitcoin_people on June 25, 2023, 07:34:03 AM

As far as I know, any successful investor does not share his feelings on social media when he suffers a loss.

Most of influencers don't share their losses and their painful lessons. You will see very rare influencers do like that and if you find them, they are good influencers.

Quote from: Natalim on June 19, 2023, 05:25:53 PM

This is the problem for most investors, they enter into this kind of investment without knowledge, and of course, we can never expect success from that situation but certainly of losing their money.

Knowledge from learning is important but only knowledge is not enough. They must live in the market, experience it, feel how their minds, emotion, psychology and actions can be affected by market news including FUD. They only get matured in this market by living in it a few years but it does not mean they will succeed after all.

Bitcoin_people

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When people invest in crypto they aim to succeed. But many times it is seen that people on different social media after losing their investment discuss in different ways. As far as I know, any successful investor does not share his feelings on social media when he suffers a loss. I have seen my friends who trading in crypto and suffered losses by Tranding without analyzing it properly. But later they didn't develop any mentality to the contrary rather they are taking education with the aim of gaining special knowledge about investment. If you know good strategy about investing or trading in crypto then it is definitely possible to succeed. And depending on everything, later on, if you make a good investment decision, it is possible to succeed in life.

Mehedi72

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Although those are memes, created for fun but also indicates how important it is to choice potential coins before investment or situation would be same as meme cause choosing and investing money with random altcoins, is not proper way to take entry in crypto market. It is important to learn, analysis and then investment. Although people make mistakes, sometimes big mistakes, sometimes analysis gies wrong but it Doesn't mean crypto is scam. There are a lots of people who make huge from crypto

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Quote from: Natalim on June 19, 2023, 05:25:53 PM

Quote from: GideonGono on June 02, 2023, 07:02:36 PM

Those who had it that way could have been a victim of a hype or being an impulsive investor.
Most of the time those who ends up like that doesn't really know how to manage their funds or to trade properly, because if they do they would have cut loss before it goes lower to the point that they would lose too much on their portfolio.
If they bought or invested on crypto they should also have made some plans on when to cut loss and and to buy back in order to lessen their loss on their investment.

This is the problem for most investors, they enter into this kind of investment without knowledge, and of course, we can never expect success from that situation but certainly of losing their money. Because what is in their mind is that they can make money too easily but unfortunately, when the market condition got into the dump or bear season, they'll get panic and sell their Bitcoin and lose. And this will be the result of being an impulsive and unknowledgeable investors.

It is very important for us to get some knowledge about where we intend putting our money. Trading is a risky adventure but some would still not understand the loses that might come up if we don't take the proper time to learn how to trade very well. Those people are are just starting to trade and are curious to start making money, they are doing that for the great doom day that might befall them.
We don't need to rush time when we want to take a financial decisions. We need to spend time and take a scrupulous step so we can make a reasonable decision that will lead to success.

Natalim

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Quote from: GideonGono on June 02, 2023, 07:02:36 PM

Those who had it that way could have been a victim of a hype or being an impulsive investor.
Most of the time those who ends up like that doesn't really know how to manage their funds or to trade properly, because if they do they would have cut loss before it goes lower to the point that they would lose too much on their portfolio.
If they bought or invested on crypto they should also have made some plans on when to cut loss and and to buy back in order to lessen their loss on their investment.

This is the problem for most investors, they enter into this kind of investment without knowledge, and of course, we can never expect success from that situation but certainly of losing their money. Because what is in their mind is that they can make money too easily but unfortunately, when the market condition got into the dump or bear season, they'll get panic and sell their Bitcoin and lose. And this will be the result of being an impulsive and unknowledgeable investors.

Quidat

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Quote from: Learn Bitcoin on June 03, 2023, 12:04:04 PM

There are two things in Crypto. Bitcoin and Shitcoin!
The meme you shared in OP is real regarding some Shitcoin/meme token. People get excited when a new Dog named Coin pops up, and they think this will be 100x and invest their savings in it without doing research. Most Shitcoin/meme coins are centralized. They use influencers to create fake hype in the market. Once they reach a reasonable market cap, they start increasing the supply limit, making unlimited coins out of thin air, and selling them. So, whoever is holding these coins gets zero value and gets scammed without even realizing who scammed them. It is the team who scammed you.

Now, if you talk about Bitcoin, it's decentralized; no one can create a Bitcoin out of thin air. So, no matter how much it went down. It will recover in the long run. Don't Invest in Crypto. Invest In Bitcoin.

For sure its really that pertaining about shitcoin/memecoin investment on which it would really be neither be putting you on a condition from rugs to riches or riches to rugs depending on how lucky you are. I would really be considering that investing on meme coins or fly-by-night projects is something that could be called as a gambling. No real use case, made from hype, anonymous devs,
unrealistic roadmap and other things which you can attach. This is why its never been that ideal that you should really be focusing on investing just because you are that desperate on
earning tons of money which it is really that risky i would say.

I do have that long experience about dealing with meme coins.Yes, i didm make out some good multiplier but those profits are losing it back into other projects and this is why
i had decided on completely stopping it.

tjtonmoy

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Your life is what you chose it to be. Same thing applies in crypto trading. Because what coin you choose, will determine the outcome that you are going to get from it. Also, lack of knowledge, emotions, greed they also influence the final result. People in the world still thinks crypto as a negative thing. That's why they only share those stories that are negative. There are many successful crypto investors, but people will never talk about them the way they talk about failures.
I am not saying that getting into trading or crypto will make you rich. But people are doing it, and many of them are successful. But they have worked their way to reach there. Internet is a place where you can say whatever you like to say without even knowing fully about it. Those who are unsuccessful and still living in their mom's basement will say something like this. Go out and try it out for yourself, and do it properly with proper coins.
Taking the right approach will surely increase the chances of wins.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Nazmul012 on June 02, 2023, 07:38:11 PM

Most of newbie investors don’t know about how to manage their capital but who bought crypto with overprice during hype or just before bear session, were get victim. Bedsides because of panic cell, they lost their most of the capital badly and then blaming crypto for everything. If they try to learn before taking steps, then their story might be different from pictures

It is partially because spikes in crypto price and related media buzz occurs only on a bull run or all of a sudden. Newbies trying to make money will attempt to join then only and thus end up buying at the inflated price. This can be changed only by experience and by learning from mistake and not from us telling them about it. Loss of capital can be recovered by patience in spot trading because you don't actually lose the asset you have merely converted one to another.

Though in the types of trading other than spot, you will lose money if you have no prior experience.

wxa7115

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Quote from: jokers10 on June 04, 2023, 04:36:14 AM

Quote from: Learn Bitcoin on June 03, 2023, 12:04:04 PM

...
no one can create a Bitcoin out of thin air.
...

Well, it's not exactly so. No one can create bitcoins inside bitcoin blockchain besides what is mined. But if we talk about exchanges, banks and other organisations which provide customers bitcoin accounts, they definitely can. That's why so important to remember that "not your keys not your bitcoin". Any held on a custodial wallet or at any account of a centralized service bitcoins can be virtual. They can create as many bitcoins from nothing as confiding customers will like to buy not demanding those to be sent to their own addresses in bitcoin blockchain.

Yes fractional reserve banking will always be a problem when any institution is allowed to store our coins in our place, it does not matter if they call themselves exchanges, banks or give themselves any other name, if we allow as a group they store our coins then sooner or later they will do this, as they will be unable to resist the temptation of making even more profits with our coins.

It is because of this that self-custody is critical as not only we protect ourselves by doing this, we are also protecting others by not allowing those institutions to become that powerful.

Dr.Osh

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well, I think people who are not successful in investing in crypto will make posts like that, and they will gather and discuss their failures, so it's not surprising if we see that there will be so many people who fail in investing popping up on social media and make posts like that.
However, people who are currently trying, or are already successful will be more focused on building their business or increasing the amount of their investment. I have several friends who are quite successful in the world of crypto trading but rarely appear on social media, or I also have friends who have not succeeded in the world of crypto, but are still learning about it.
investing and trading in the crypto world all depends on the strategy and decisions you make. it will determine whether it will change your life for the better or ruin your life.

jokers10

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Quote from: Learn Bitcoin on June 03, 2023, 12:04:04 PM

...
no one can create a Bitcoin out of thin air.
...

Well, it's not exactly so. No one can create bitcoins inside bitcoin blockchain besides what is mined. But if we talk about exchanges, banks and other organisations which provide customers bitcoin accounts, they definitely can. That's why so important to remember that "not your keys not your bitcoin". Any held on a custodial wallet or at any account of a centralized service bitcoins can be virtual. They can create as many bitcoins from nothing as confiding customers will like to buy not demanding those to be sent to their own addresses in bitcoin blockchain.

Learn Bitcoin

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There are two things in Crypto. Bitcoin and Shitcoin!
The meme you shared in OP is real regarding some Shitcoin/meme token. People get excited when a new Dog named Coin pops up, and they think this will be 100x and invest their savings in it without doing research. Most Shitcoin/meme coins are centralized. They use influencers to create fake hype in the market. Once they reach a reasonable market cap, they start increasing the supply limit, making unlimited coins out of thin air, and selling them. So, whoever is holding these coins gets zero value and gets scammed without even realizing who scammed them. It is the team who scammed you.

Now, if you talk about Bitcoin, it's decentralized; no one can create a Bitcoin out of thin air. So, no matter how much it went down. It will recover in the long run. Don't Invest in Crypto. Invest In Bitcoin.

darewaller

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Quote from: Nazmul012 on June 02, 2023, 07:38:11 PM

Most of newbie investors don’t know about how to manage their capital but who bought crypto with overprice during hype or just before bear session, were get victim. Bedsides because of panic cell, they lost their most of the capital badly and then blaming crypto for everything. If they try to learn before taking steps, then their story might be different from pictures

We know that they are just a newbie but they shouldn't make that as an excuse because other newbies will just follow it. One newbie must be a good influence to other newbies and they can do it by learning first. There are so many unwanted things that they can avoid including the ones that you mentioned above if they equip their selves with knowledge.

The worse thing that can happen to a newbie is not losing a capital but it is when they start to blame all cryptos and calling it a scam because it can also give a bad impression to the people around them and then those people will also spread the wrong word to the people that they know, and so on...

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