Investment advice backed by real experience

rexxarofmoknathal

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Quote from: Darker45 on August 24, 2020, 01:00:44 AM

Quote from: Magd solieman on August 23, 2020, 04:29:20 PM

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

I agree, making the right investment doesn't rely on you not feeling anxious about putting your money down on the investment. Not everybody likes a high risk investment, they'd rather start at a comfortable pace.

What I'd say is that best to start with doing the right analysis, the right research before pouring your money into an investment. And even if you're not sure you could go in it but with a sum small enough that you could be ok with losing. At least this way you get some feedback at not a high expense.

Emitdama

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Before now I used to be surprised when people start asking questions like why Bitcoin is worth so much and why people trust Bitcoin and other questions like that, but as time goes on I came to realize that our level of understanding differs, the same way I can easily understand a particular thing is not the same way other people will understand it easily.

So, when people start asking such questions it’s good to properly educate them on it, but not for those whose head is as hard as stone that no matter what you tell them and despite they have no single clue on what is Bitcoin they still continue to call it a scam. Apart from the price value and other things, the fact that Bitcoin made it easy to make transactions and breaking boundaries it’s already enough for me to say that it’s good.

justdimin

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www.Crypto.Games: Multiple coins, multiple games

If we only have topics about the things that we never talked about, there would be only a few topics left, there are always room for new topics all the time, sometimes some topics gets boring and everyone says what they want to say and it goes to further pages and nobody sees it again, after a while a similar topic opens up and both old people who want to say what is on their mind and new people who didn't see the old topic all come here and talk about it once again, usually discussion is never exactly the same even if the first post is the same.

Obviously speaking that helps a lot of people to see different point of views, without understanding other people you can't understand the market and if you do not understand the market you will not be able to trade better.

wxa7115

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Quote from: stomachgrowls on September 03, 2020, 04:51:33 PM

Quote from: wxa7115 on August 29, 2020, 04:44:01 PM

And the worst part is that the odds are not even, if this was a 50% chance for both of those options then everything will be fine but you have a chance of losing everything of roughly 95% while you only have a 5% chance of becoming profitable over the long term.

This tell us that trading is an incredibly difficult enterprise and we must dedicate months or even years to master it but whenever I take a look around the market I see a lot of people that got here recently and they did not took the time to learn anything about the markets and yet they want to make as much money as those that have dedicated most of their free time to study to the markets, and as we know in the markets everyone single trader is your opponent so it is not really a surprise the money flows from those that did not took the time to study the markets to those that did.

Main difference and its no brainer on who would be the one will able to withstand the fierce competition of this market.It do really compose of buyers and sellers which means you would really need to be smart when it comes on making out decisions but those can be attained by gaining experience throughout the years on doing up trades.

Somehow i do see for it to be next in line even to those people who do just jumped in with having those wrong beliefs or perceptions that they can make easy money but when the actual thing do make realized them then
thats the time they would seek out for new learnings.People wouldnt strive if they wont able to experience hardship in life.

All of the recipe on becoming a successful person on this field is to have the qualities of being patient,smart, good on time and money management etc.

There are many people that despite not having the skills earn money in the market but those people just got lucky but instead of understanding this newbies believe they can be just as lucky and decide to invest in all kind of coins thinking they are going to be the next not realizing they are doing the same as those that buy lottery tickets hoping to become millionaires and that is simply no way to make profits consistently in this market.

As such anyone that is interested in making profits over the long term in this market has no option but to study the markets and improve their skills otherwise it is better they do not enter this market at all.

lienfaye

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Quote from: Shasha80 on August 29, 2020, 07:59:08 PM

Actually, what you explained about investing in Bitcoin in the opening post is not new, because there are already many
topics that discuss similar things. But I am happy with many topics like this, will keep us reminded how to become successful
investors. Because the advice in the opening post is very good if we always remember.

There's nothing new but some of traders/investors forget these tips and do things their own way base on how they understand the market to make profit. I think you'll realize the mistakes you did if you already experience to lose your money, experience is a good teacher for us to be a better trader. Sharing our experience to enlighten or giving tips to other traders are our way to help them gain idea in order to become a trader with less losses and mistakes to commit in the future.

Kelvinid

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when lambo...

Quote

Important Tips:
It is important to understand how Bitcoin works before you invest any money.
Bitcoin and cryptocurrencies are still a new technology, and it can take you months to understand the real impact they can have on the world.
Take the time to understand Bitcoin, how it works, and how it differs from regular money.

We SHOULD, and the reason why most newcomers suffer the consequences of losing is that they never know what they are doing. They just come into crypto without basic knowledge, they are likely just recommending themselves to make donations.

Losing, winning, being a dumb person, these are things that we commonly experience and yet, we use this bad and good experience to coach ourselves and the others. Could be that sad how people easily get quitted after not experiencing good and they then keep thinking that Bitcoin investment is no good but a risky thing.

mersal

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Quote from: Hypnosis00 on September 05, 2020, 08:12:27 AM

Quote from: ?? on ??

I invest defi project.My experience Dia project investment when this price 1$.I buy some this coin.Some time hold this coin.This coin good profit for me.I sell this coin price 4.5$.This token really good.This token user future bright.Day by day this token price economic so good.Now crypto market down,This token price down.When crypto market up this token price huge pump.

Smart people always think about winning but those weak people always think about the negative and feel worries. And maybe you are one of those lucky people who've been investing crypto and make money in just a few days.
That is why is much better to join the market and invest crypto that is not already in the hype because it has a huge possibility that it soon will strike unlike if they are already at the hype.

Tokens and bitcoin has lot of difference, tokens may not exists here even for months but bitcoin passed a decade when people said it is just a scam in 2010.Keep investing until you make the real profits, don't get attracted towards the trend because if it a trend then you are not the early investor so chances of getting dumped after your investment is highly possible.

Hypnosis00

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Quote from: ?? on ??

I invest defi project.My experience Dia project investment when this price 1$.I buy some this coin.Some time hold this coin.This coin good profit for me.I sell this coin price 4.5$.This token really good.This token user future bright.Day by day this token price economic so good.Now crypto market down,This token price down.When crypto market up this token price huge pump.

Smart people always think about winning but those weak people always think about the negative and feel worries. And maybe you are one of those lucky people who've been investing crypto and make money in just a few days.
That is why is much better to join the market and invest crypto that is not already in the hype because it has a huge possibility that it soon will strike unlike if they are already at the hype.

Inkdatar

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Quote from: Magd solieman on August 23, 2020, 04:29:20 PM

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

Actually all is worth it to read and a lot of learnings here in the forum. This last part lesson from investors, as what others said never invest on what you cannot afford to lose. When I invest I usually study the market first with great care of course, and just a start invest with a small amount of money so you can learn through with your experience in trading.

stomachgrowls

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Quote from: wxa7115 on August 29, 2020, 04:44:01 PM

Quote from: Latviand on August 26, 2020, 10:07:55 AM

Quote from: Mulann2 on August 24, 2020, 09:56:06 AM

very informative write up although i think it safe to say we can equally invest what we are capable of losing, making an investment that will bring such anxiety is not a good idea, to each with their investment approach and capability but to me a decent amount that won't hurt us too much is good, not investing in btc at all is what is an offense ^{just kidding}, anyways, it has been a pleasure to invest in btc.

That's what really make investments risky, you only have two options, between winning and losing.

You need to deal with that and make a way in order for you to reach success instead of losing in your investments. BTC is really the best when we talk about crypto investments, that's why I never hesitated to engage to it from the past few years. I never doubt bitcoin about its credibility to give me a profit that I want once managed properly.

And the worst part is that the odds are not even, if this was a 50% chance for both of those options then everything will be fine but you have a chance of losing everything of roughly 95% while you only have a 5% chance of becoming profitable over the long term.

This tell us that trading is an incredibly difficult enterprise and we must dedicate months or even years to master it but whenever I take a look around the market I see a lot of people that got here recently and they did not took the time to learn anything about the markets and yet they want to make as much money as those that have dedicated most of their free time to study to the markets, and as we know in the markets everyone single trader is your opponent so it is not really a surprise the money flows from those that did not took the time to study the markets to those that did.

Main difference and its no brainer on who would be the one will able to withstand the fierce competition of this market.It do really compose of buyers and sellers which means you would really need to be smart when it comes on making out decisions but those can be attained by gaining experience throughout the years on doing up trades.

Somehow i do see for it to be next in line even to those people who do just jumped in with having those wrong beliefs or perceptions that they can make easy money but when the actual thing do make realized them then
thats the time they would seek out for new learnings.People wouldnt strive if they wont able to experience hardship in life.

All of the recipe on becoming a successful person on this field is to have the qualities of being patient,smart, good on time and money management etc.

wxa7115

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Activity: 2702

Merit: 704

Quote from: pawanjain on August 30, 2020, 10:28:51 AM

Quote

Second: Get the profit as quickly as possible "Overcome greed"

So you are basically saying to book profits and get the profits out by selling your BTC.
That shows how your investment you made is just for speculative purpose.
The real purpose of bitcoin was to use it as a payment method which is truly deviating from it's purpose these days.
I am afraid very soon bitcoin's purpose will be changed and people will only use it for trading rather than for payments.

Unfortunately this was inevitable, I know that people laments bitcoin being used for speculation instead of its main function which is being a currency, however you need to understand the nature of the speculation, speculators are not going to take the time to invest their money and try to multiplied in an asset that is not good, otherwise they are just wasting their time and money, they immediately recognized in bitcoin an asset that was revolutionary and unfortunately this has the effect of bitcoin not being used as much for its main function.

However the day will come in which adoption by people that only want to use it to buy the stuff they need, but unfortunately those people are not going to understand why we need bitcoin until fiat currencies go through a massive crisis, and then and only then they will look for alternatives and bitcoin will be there to help them.

buwaytress

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Quote from: crwth on September 03, 2020, 04:55:44 AM

I think that's just the cycle right now with everyone or in general if I must say. Just like how people are still getting fooled by Ponzi Schemes. Ponzi schemes have been around the mid-to-late 1800s [1], and people even have been fooled by it, and it's because of the big G in their foreheads, Greed. It's the person's responsibility to know what to invest in or something.

Yup. The media might get away with calling it Bitcoin Ponzi or Bitcoin scams, Bitcoin doublers, or whatever, but the fact is, these schemes have been around for as long as man has tried to come up with ways to make easy money quickly.

Fool and his money are easily parted. Fool and his crypto, apparently, takes even less effort.

crwth

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Quote from: buwaytress on September 03, 2020, 04:18:38 AM

Yeah, I can see it now. A whole new generation of super traders who show off to their friends and followers how smart they were during 2020 making 4x, nay 10x the investment in weeks because they were smart enough to invest in Yams and Sushi. They'll be opening secret paid Bitcoin trading groups like they did in 2018, on the back of 2017 performance. And people will fall for it.

I think that's just the cycle right now with everyone or in general if I must say. Just like how people are still getting fooled by Ponzi Schemes. Ponzi schemes have been around the mid-to-late 1800s [1], and people even have been fooled by it, and it's because of the big G in their foreheads, Greed. It's the person's responsibility to know what to invest in or something.

[1] - https://www.investopedia.com/terms/p/ponzischeme.asp

buwaytress

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Quote from: CryptopreneurBrainboss on September 03, 2020, 03:01:23 AM

All you said is correct. In a lower scale you can see same scenario repeating itself with the DeFi hypes going around currently. You don't need some cristal balls to profit if you're smart and lucky enough to pick the right DeFi coin. Apart from the scams getting pump and defrauding investors, the some worth legit (per see) project are giving outrageous profits. Technically if you had invested in 99% of the DeFi coins currently active way back in 2019 or early 2020, you'll be in 5x or above profits right now.

The crypto space gives room for newbies to think overnight that they're professional Investors due to some luck and having the courage to seize an opportunity when it presented itself.

Yeah, I can see it now. A whole new generation of super traders who show off to their friends and followers how smart they were during 2020 making 4x, nay 10x the investment in weeks because they were smart enough to invest in Yams and Sushi. They'll be opening secret paid Bitcoin trading groups like they did in 2018, on the back of 2017 performance. And people will fall for it.

Stop being so predictable, people!

CryptopreneurBrainboss

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Quote from: buwaytress on August 25, 2020, 08:34:53 AM

There's really nothing to learn, except patient and expectation management, and a good sense of humour for when your investments take the inevitable nose dive;)

All you said is correct. In a lower scale you can see same scenario repeating itself with the DeFi hypes going around currently. You don't need some cristal balls to profit if you're smart and lucky enough to pick the right DeFi coin. Apart from the scams getting pump and defrauding investors, the some worth legit (per see) project are giving outrageous profits. Technically if you had invested in 99% of the DeFi coins currently active way back in 2019 or early 2020, you'll be in 5x or above profits right now.

The crypto space gives room for newbies to think overnight that they're professional Investors due to some luck and having the courage to seize an opportunity when it presented itself.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: Darker45 on August 24, 2020, 01:00:44 AM

Quote from: Magd solieman on August 23, 2020, 04:29:20 PM

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

Study and little by little taking experiences,SOme Exchange and other sites has free trading Bot and channels in which offering free trading experiences
without using Funds meaning we are able to have a chance trading continuously in free.
Then we can try in real using smaller amount each strategy that we found better?
spending Money to lose is also good chance of letting yourself know how risky but challenging this area of investing so the more we will be careful but
dedicated,lets use the situation as motivation for more trading habit and success.

Viscore

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Yeah, I believe that experience teaches as well more than a thing we have to learn from reading books and what others say.
Not only a few but many people asking why the price drops after buying bitcoin? Why does it happen? Is there any manipulation happening? These questions are common to hear but why it goes like this? It is because many investors come in here without knowledge, often to follow what others say especially coming from signals group.

That to OP said,

Quote

Beware of anyone who predicts the future, as all financial consequences are tolerable.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

I do not believe that inflation in bitcoin is a real thing, people always keep talking about the coins that is mined but the regular spread of movement is so much that something so small doesn't make a change at all if you ask me, that is why halving didn't really changed too much neither, everything is going the same for now.

However one thing is for sure, regular fiat printing makes a difference, the whole American debt was 20 trillion dollars and we are talking about debt all together ever, and they printed 4.2 trillion dollars on top of that, you gotta realize how devaluing that is, bitcoin is not like that, you do not see 5 million bitcoins printed, we get very tiny amount and that is why I believe inflation of bitcoin should not really be a topic of discussion.

so98nn

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Quote from: pooya87 on August 24, 2020, 01:25:56 AM

Quote

What makes Bitcoin valuable?
Bitcoin is rare and useful

there should be more emphasis on the useful part because being rare means nothing without it and the main reason why bitcoin is valuable (and continues to increase in price) is because of the utilities it provides alongside the uniqueness of it.
otherwise there are lots of altcoins that are a lot rarer than bitcoin while they have a lot less value which continues to decrease too.

Yeah, this one makes sense. To add to this, bitcoin even has become utility to invest and book the profits on it's trade. It is more or less tool for ya and nothing else. In the broader sense it should have given multiple ways to use it but we have somehow made it into the above mentioned utility.

Altcoins, are actually brought in the market with some vision behind the roadmap. They will have the value based on the developments in project. It means the more it flourishes the more it gets value. Now thats the rare thing in first place. Bitcoin as such carry good store value but not special use of it.

pawanjain

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Nothing lasts forever

Quote

Second: Get the profit as quickly as possible "Overcome greed"

So you are basically saying to book profits and get the profits out by selling your BTC.
That shows how your investment you made is just for speculative purpose.
The real purpose of bitcoin was to use it as a payment method which is truly deviating from it's purpose these days.
I am afraid very soon bitcoin's purpose will be changed and people will only use it for trading rather than for payments.

Topic: Investment advice backed by real experience (Read 623 times)