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Topic: Learnings from crash - page 3. (Read 1166 times)

legendary
Activity: 938
Merit: 1002
May 15, 2018, 12:33:28 AM
For me, the lesson is to put stop losses on time, the currency can fall at any time. When the currency is on the rise it is necessary to fix the profit in dollars.
Yes this is very important lesson the market wants everyone to learn. A crash makes you remodel your strategies. Makes you look back at your behavior and response to the crash. Keeping the rule that market will come again to the state of equilibrium will keep you hopeful for good days. Market Crash is not very important, it is the response to the crash that actually makes you rich or poor.
full member
Activity: 966
Merit: 102
May 14, 2018, 11:01:57 PM
The thing I learned was that it was not too greedy and controlled my emotions. Previously I was too greedy to keep doing transactions and I was getting frustrated. I changed my view of how to manage my money, how to make money. I have learned to choose the best Crypto to keep in the long run. The lesson I learned is to wait patiently to understand a problem and make a profit.
member
Activity: 210
Merit: 10
May 14, 2018, 10:20:54 PM
The main lesson from the previous crash is that the holding is a bad idea. Volatility of the crypto currencies is very high, therefore the trading is very useful, I think.

While Bitcoin falling I noticed that people who have already sold their crypto currency on the high levels try to dump the markets more deep, posting a bad or even fake news.
Trading is useful. You said that because you have the profit from trading. For me both are still useful since we still have profit betwen both type of investment. Think and do wisely then both system will carry us big profit. However i will never judge this because we have our own preference
newbie
Activity: 42
Merit: 0
May 14, 2018, 10:10:06 PM
We say that the Market has given an opportunity to the new traders to get into trading when there was a crash many of the new traders purchased BTC because it was as low as 4000 USD. Day by day it is increasing the volume and the Market is recovering these days. Don't get Panic when the price falls down suddenly but wait for a good time. Understand the Market and sell it at a good price, though we can not predict when the prices go up, we can set a profit margin and sell it at a profit instead of going Loss. if the price continues falls, don't sell but Keep HODL.
full member
Activity: 518
Merit: 103
May 14, 2018, 10:03:25 PM
The price going down is a normal thing when it comes to high volatile investments like cryptocurrencies,  before the crash happens make sure that you know when to exit when the price is high, though no one acutally knows when it will happen, just set up a price in which you know you can profit, it doesn't mean that you arr going to pull it all out, you're just going to take the gains, and that is called profit taking, so in case the market will fall you already have a contingency plan, just make sure that your gains are high enough for you, but in the event you didn't managed to create that plan, if you are holding bitcoin, just accumalate as much as you can, since the price is low, you can use what you have accumulated to buy altcoins, in this way you are maximizing your potential gains, just make sure your altcoin has a good working project, then once the value increases again, make sure that this time you have a contingency plan, greed is one of the enemies of  an investor.
legendary
Activity: 3080
Merit: 1353
May 14, 2018, 10:00:55 PM
The only lesson I learnt is, buy at a low price and sell at high. Don't fall under FUD and sell coins at a lower price. HOLD and keeping patience is the only key to get profits in Trading.

That's not even a lesson, but its a old adage here. I guess that you did make past mistakes and it cost you huge money. As for FUD, nah, I'm no longer bothered by it, most of us has learn to adopt and mitigate risk when their is a FUD to the point that most of us are too feed up and totally ignored it. The learnings from all the crashed that we all have been witnessing makes everyone really prone to any attacks that it will give you a good chuckle every morning drinking your coffee. LOL. Grin
newbie
Activity: 42
Merit: 0
May 14, 2018, 09:37:00 PM
The only lesson I learnt is, buy at a low price and sell at high. Don't fall under FUD and sell coins at a lower price. HOLD and keeping patience is the only key to get profits in Trading.
hero member
Activity: 868
Merit: 500
May 14, 2018, 02:21:11 PM
Sharp falls teach first of all always reasonably approach to management of capital, risks and correctly diversify investments. Now my main portfolio consists of the cryptocurrencies from TOP-50. I learned to wait. If I enter a deal on small altcoins, I will do it only with a stop loss.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
May 14, 2018, 01:15:43 PM
the extent to which We need to study first around the coins or even tokens that individuals will buy if this includes the to get high marks in the future therefore I will not have a large accident that is lost or even trapped again.
But the most important thing is to always stick to a strategy and not look back no matter what. If you want to be a long term investors, be a long term investor and if you want to be a trader, be a trader. However, a lot of people have always worried themselves about a crash since they know they really do not have anything to do about it really.

The market is very volatile and it would take being a trader who is learned to be able to make some certain decisions, but at the end, it is still all about the long or short term profit as the case may be.
full member
Activity: 420
Merit: 100
May 14, 2018, 10:37:44 AM
the extent to which We need to study first around the coins or even tokens that individuals will buy if this includes the to get high marks in the future therefore I will not have a large accident that is lost or even trapped again.
full member
Activity: 462
Merit: 100
May 14, 2018, 09:38:38 AM
I think paper money with digital currencies like bitcoin in my opinion is very different because the total supply bitcoin has a very limited supply and can not rebuild again, while for bitcoin has a very high limitations because only 21 million pieces of bitcoin can not be more and can not be created again.
jr. member
Activity: 140
Merit: 1
May 14, 2018, 09:12:32 AM
When I was a newbie in trading, I always just go with the flow of pumpers and dumpers and because of that the coins that i bought crashed, I suffered more lost than profits. What I learned from it is that I should never ever listen to a lot of fudders again, i should learn that from now on I need to research first on the coin or token that I am going to buy if it has a potential to gain high value in the future so I will not suffer on big lost or hard crash again.
Regardless of what other people are saying, you need to follow your trading strategy and do as less acts as possible. There always exists a risk of redundant trades that will sooner disappoint you and, what is less pleasant, lock your funds for a long time while you will be waiting them rising. As for me, I don't use a really strong strategy for buying crypto – just choose 20 cryptos on several exchanges and 5 ICO's per year. Wait while at least some of them gain profits, then reinvest. It really helps me to remain calm and limit stress of crypto going down.
hero member
Activity: 1820
Merit: 515
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May 14, 2018, 08:02:00 AM
When I was a newbie in trading, I always just go with the flow of pumpers and dumpers and because of that the coins that i bought crashed, I suffered more lost than profits. What I learned from it is that I should never ever listen to a lot of fudders again, i should learn that from now on I need to research first on the coin or token that I am going to buy if it has a potential to gain high value in the future so I will not suffer on big lost or hard crash again.
But in trading it all matters and also you can earn more by reacting to that FUDs,if there is something negative about bitcoin is spreading then it is time to sell our coins because soon the price will dump and later on buy when the price get stabled then it is time to buy.
jr. member
Activity: 1330
Merit: 7
May 14, 2018, 07:10:12 AM
It is worthwhile to study what caused a crash and figure out how to avoid the crash. It is difficult to predict when a crash is about to happen. News, statements made by certain personalities or celebrities can cause a sudden rise or fall of a cryptocurrency.  If there is a sudden rise of a cryptocurrency , it is a good practice to find out what may have caused it. If you have made investment and experienced a crash,  you decide when to leave the market. Generally,  patience plays a key role. Most times the coin/token will recover. .
jr. member
Activity: 112
Merit: 1
May 14, 2018, 06:02:54 AM
The market is still not too stable there is still a possibility that will get a correction of this accident You learn that you need to prepare an exit strategy, need to set the lowest price to sell altcoin coins and need to spend more time to pay attention to altcoin. You do not need to panic in selling. It makes a loss for you and for others as well. Cryptocurrancy is a volatile market and panic decisions are often a bad decision in your life.
member
Activity: 392
Merit: 10
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May 14, 2018, 04:57:20 AM
When I was a newbie in trading, I always just go with the flow of pumpers and dumpers and because of that the coins that i bought crashed, I suffered more lost than profits. What I learned from it is that I should never ever listen to a lot of fudders again, i should learn that from now on I need to research first on the coin or token that I am going to buy if it has a potential to gain high value in the future so I will not suffer on big lost or hard crash again.
hero member
Activity: 2926
Merit: 640
May 14, 2018, 04:04:27 AM
it is very important because in the future there will be success and there are accidents as well. so it's natural in trying to have things we do not want. the important thing is never to despair because of failure or accident that we ever experienced and that too also make our lesson for the future can be better
Yes. The most important thing in failure is that you should not be discouraged, it is an extremely important factor to help you succeed in the future. We may be afraid of failure, but let's look at them as a lesson.
What happens with experience is that we learn a lot from it. Most people who have ended up doing well in the trading world till date have been able to learn one thing or the other from the experience they have garnered over the years and some of the mistakes they have made. It is normal when you are even still new to a particular world, mistakes are bound to happen, but the main idea is to learn how to utilize those mistakes for your own good at the end.
full member
Activity: 364
Merit: 100
May 13, 2018, 07:31:58 AM
For me, lesson learnt is to buy the dip on my choice coins that soared out of my reach. It was so nice having to buy into some of these coins.

As for the crash I learnt that in cryptocurrency whenever a coin with a good use case goes down it will bounce back. Another thing is that we should never wait forever to take profit on our holdings. In addition to all that, I discovered that bitcoin is the pacesetter here. Whenever it (btc) goes down, the altcoins also go down. These were the great lesson for me during the dip.

yes it was a great learning because you can really gain a very effective strategy. As they said we must buy low and sell high which is in lined with this tactics buying during its big dip and eventually it will go up and gained a huge profit.
full member
Activity: 490
Merit: 100
May 13, 2018, 05:11:35 AM
Everytime when price is not good at the saddest point that were lose we should have make  a way not to lose hope. Rather make a hope that price is normal down and up. And it may recover in time so invest on your willingly to lose.
Another great lesson of this big crash of the market was the following one: always stay patient, and do not be in a hurry to sell your coins as they will gain after the fall.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 13, 2018, 02:59:27 AM
But it can't be emotional move because of situation became scary for you at the moment. Only if such move was planned from the start.
Not everyone has planned from the start. The new people who start trading without the knowledge of market spread wont be able to decide on what price to set buy or sell orders. They will end up buying high and selling low - leading to a huge loss and then they will go to their friends and say "Trading is usless and exchanges are scam." Grin

We all fail to notice our own mistakes. Its true that mistakes happen but then you must rectify it and learn from them not to repeat them.
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