Topic: Investment advice backed by real experience - page 2. (Read 705 times)

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.

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.

I agree with all of you that success can never be achieved without experience there is a need for experience as well as adequate knowledge. The best advice before investing is to study the market well it is not possible to trade without risk. We can only learn if there is a loss. it is important to start with a small amount of capital before investing in this way we will continue to increase the amount of capital as we learn and learn about the market. You can also learn information about investing after various threads.

it is very important that we must learn that this Market trading in crypto is not like a any market that you can make big money over
night because of the volatility and the demand from whom will invest or not
i have read so many thread and post that asking how much they can earn in days or 2 things that only stupid can answer,Starting to invest and roll small amount
is the best way to learn and study this market
when every one is seeking for quick profit,lets remain focus and persevered to make our trading worth profiting .

I definitely agree that people should be capable of and should be supported to actually do what they want with how much money they want. Even when you want to do something that is super risky or want to do something super conservative, if you want to do something you are free to do it and that way you will learn more. If you want to learn more about bitcoin that is the best way to do it. Even the wrong things you do helps you with how much you are growing in the bitcoin ecosystem.

When I first started a ton of mistakes, hell those mistakes cost me over 2-3 bitcoins as well but thankfully it didn't worth much at the time, but thanks to all those mistakes I have managed to actually get a good grip of what bitcoin is and how to move around in crypto so now I am doing much better.

These are well known stuff obviously, however these needs to be said a lot, that way we could get more attention from people who do not know it well, even the most basic stuff about bitcoin has to be said constantly in order to make sure that bitcoin gets hold of everyone in the world.

There are still people who do not know what bitcoin is, that is not really good for us, we also need to make sure that buying and selling bitcoin is quite easy as well. Right now there is this whole situation of registering to a website, giving them all your info with a picture of you, then sending money from bank to theirs and getting bitcoin that day, hopefully one day it could be something a lot simpler, that way we could at least say that people can get in and learn very quickly.

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.

I'd like to give focus on the no.3 which is the choosing the right time to make investment. I'm sure that you heard this phrase which is "the best time to buy bitcoin is today", it is popular especially for the long term investors. For me that phrase is not right because there are always right time to buy bitcoin. Before you buy bitcoin you should first identify yourself. By identifying yourself you can know if you will do long term investing or you till do scalping wherein you will buy and sell it in a short period of time.

Good post. As for the three lessons you said you have learnt from successful investors, I am not so sure about the number one;I thought we are all being told to be investing a little money, or should I say the most that we can take as risks, so why then do you think that people has to invest more money and take more risks to be successful? I don agree with that first point.

People should start small and gain more experience as time goes on, and whether they should invest more money it’s a decision they should make for themselves when they have decided that it is a risky they can take. You don’t just tell them to up their money and their level of risks for profit, they might lose it.

I also do not agree completely with the lesson, it is true that if you are not anxious about the money that you are investing or trading in the market most probably you are not risking enough money, that is true, but I do not see how that is a bad thing, I say this because most people have a strategy that if followed correctly it will make them money, however when they fail it is because they let their emotions take control of their trades.

They either get too greedy or too fearful to follow their strategy and as if on cue the market will move in the opposite direction they were expecting and they will lose a massive amount of money, so it is important to always be in control of your emotions and if your emotions become unmanageable then you need to reduce the amount of money that you are risking.

Yeah, sorry OP, I'm with pooya and the rest about learning from "successful investors". Success in 2017 was a matter of pure luck and timing. Any idiot, including yours truly, made money just because we bought running up to the bull and ATH. You would have had to be extremely unlucky to have bought something that did NOT pump late 2017/early 2018.

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;)

I love the second part, overcome greed. It is what we need to prevent from small profit because the price is going down after touch the highest price. If you see the price start rally to the high price, you need to prepare with your own target price so you do not lose the chance to selling the coin at a high price. But many of us have greed at that moment, and we want to make the "very highest" profit instead of taking that profit. At that moment, we forget about the price movements, and the price will be down because the greed posses us. We must know when we can take the profit, and always prevent the greediness.

I like this very much with the successful investor's lessons. Especially the first part because knowing that you have invested an amount that you are worried about, I think it makes you care for it. One of the main reasons that I think it's going to help you is because of the risk you are facing. It somewhat feels like you are gambling to something that you have more control compared to casinos.

Overcoming greed is the challenge because one night, you can have over 40% profit. The next day you can have -20% of your total capital. That's just the gameplay that you need to understand before dwelling into trading.

Overall, it's still best to have first-hand experience while you are learning from other peoples successes' and failures to know what you are going to do in the long run.

The great risks is what stops so many people from investing, that’s why I usually tell some newbies I know that if they want to invest in Bitcoin they should have plans to invest and hold for a long time, that’s when you will see the benefits, because if your plans are to just invest and cash out immediately, then you’re probably going to be wrecked, unless you’re a professional day trader that knows how to predict the market, and buy and sell at the right time.

If not, the best is to hold for a long time and maybe if at the time you’re holding there happens to be a bull run, you can then decide for yourself whether it’s right to sell or not, and another good thing is to have target.

When you are trying to answer the question !when is the right time to buy” you should at least give them an idea and not some kind of answer where they will have more questions because of it. Giving them an answer like “you should do your own research” will leave them clueless on where to start. So to give an idea for new investors I think the common rule of thumb is to buy near the support or when the price of Bitcoin had bottomed out since you are giving yourself and your position a margin of safety when it come to the next price action.

Main reason why i do normally skip out on reading up these very long sentences yet you would able to spot it out that they had just been copied on a specific source.
Those key points are indeed just the basics which i do believe that everybody do already know and theres no need to repeat or not really that necessary but somehow
there are still people who dont know much on how things works which this might be a good read to them but overall it isnt really that necessary.

I will admit this was incredibly too long to be read yet it was very informative and can be useful most specially for the part of the newbies who were just starting up their journey toward Bitcoin engagement which involves investment as well as trading. Despite of being too long, the basic concepts are the only essential things that can be gathered in here that most of us do already know and it seems there is nothing new to be learned other that the OP have shared his experience on Bitcoin. Overall, it was good, the informations are well stated but those can be explained in a short manner.


I beg to disagree on the key points you have learned on your Bitcoin investment journey but I do gradually respect it since it was your own learnings gained from your own experiences. (1) Doing investments with Bitcoin is already taking risks for you are putting your money at stake. No matter how small or big your investment is, there is still risks associated on it. Better start small rather than putting at high stake for many people are failing into their Bitcoin experience that putting up high amounts will ensure them to gain higher profits. Giving your all in an investment will literally give you anxiety so better start up small rather than fall too high. (2) You will be missing out better opportunities once you pull out easily just to gain easy come and easy go profits. You cannot be profitable as always on that strategy but since it is your own experience then it's fine. (3) No one must really believe on predictions for we are relying on facts from news, price charts, believing on such is like putting up your journey into a fortune teller.

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.

I love this part and this is very true you need to involve yourself, investing in Cryptocurrency is not you put in and expect profit kind of thing you
need to get it in your head by getting those anxiety you will always check the best action in a given situation in the market, you also need to moderate your greed as well know when is the right time to enter the market and exit as well avoid to much attachment to coins, you can still have them later.

Thanks for quoting an article from 2018 that is repeating the same stuff that hass been written across the forum for the last couple of years.You are doing a great job adding value and creating constructive discussions.
Can't you just write "BUY and HODL?" instead of posting(or copy pasting) all that stuff we already know?
It was a chore for me to read the entire thread.Next time,try to write something with your own words and sharing your personal point of view.