Lesson learned in 2022 for crypto investment and would not repeat in 2023

passwordnow

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Quote from: talkoncrypto Official on December 28, 2022, 06:53:29 AM

What are your Crypto Investment shortcoming this year.. which you avoid or have learnt and would not repeat in the year 2023 ..

Not that much for this year but for the last bull run and 2020, I've got a lot of shortcomings pertaining to the crypto investments that I've got. And just as everybody has experienced, it's all about selling early. I've already learned a lot from the market a long time ago but if you're going to be rekt by the situation that you're dealing with, there's no way into applying that but to adopt the situation and just bear with it.
I don't want to promise myself that things won't happen again but as much as I can, I'll minimize the negative effects of my overthinking.

Strongkored

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We have to prepare ourselves for any possibility of getting worse or better and one of the ways is to continue to increase our Bitcoin holdings while the price is cheap at this time, we can do it in installments or change investments in other forms that we have but don't show that it will provide benefits to bitcoin, but what It should be noted that you should never use borrowed money or money for important needs because you think you will be able to get big profits in the short term.

Plaguedeath

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Every year there's always a bad thing happen, but not all people are affected with those bad news and know how to prevent from it.

Do you think there's no shitcoin become a dead coin every year? there's no exchange went down due to scam or get hacked every year?

But I think you're the one who leave your coins on FTX, so that's why you're get a lesson on this year. Gladly I never leave my coins on exchange because it's not safe.

hugeblack

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Quote from: harizen on December 28, 2022, 01:39:12 PM

We might not see again cheap prices like this when Bitcoin started to fuel its gas again for another trip to the moon.

The problem lies in the economic situation. In the past, Bitcoin was a cheap unit and the market was normal, meaning that you could, through a job, save enough money to invest in Bitcoin.
Next year will witness a worse recession, and if thousands of currencies are laid off, inflation increases and spending and salaries decrease, you will not have much money left to invest.
Therefore, the problem is not related to buying cheap coins, but rather to your ability to buy.

uneng

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Quote from: talkoncrypto Official on December 28, 2022, 06:53:29 AM

Is it good or bad for the crypto space..

Every bad events have a good side, since people have an open mind to learn with the mistakes.
After the scams involving the exchanges, enthusiasts started demanding for more transparency, and companies which want to thrive and keep operating will have to give what customers are asking for. That is a good thing.

Quote from: talkoncrypto Official on December 28, 2022, 06:53:29 AM

What are your Crypto Investment shortcoming this year.. which you avoid or have learnt and would not repeat in the year 2023 ..

I've learned the justice system is inapt and sluggish even in first world countries, so they can't give crypto investors any guarantees when putting money in the hands of centralized services.

libert19

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To have capital to invest when there is bloodbath in market. Riches are made in markets like current only. I don't say that this is bottom but certainly a good time to invest.

harizen

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Don't just consider 2022 as the worst as this year also gives us the opportunity to buy coins at their considered cheap price.

We might not see again cheap prices like this when Bitcoin started to fuel its gas again for another trip to the moon.

Since everything is speculative, just do our best to accumulate coins as best as we can. It's good that we are always prepared when the market now started to change its trend. It's not that bull run will never happen again, it's just a matter of "when".

Cantsay

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Quote from: talkoncrypto Official on December 28, 2022, 06:53:29 AM

The year 2022 is a very trembling year for the whole crypto community, where in some exchanges went down due to market dip, some actually were closed down due to their greed, mismanagement, and liquidity issues.. Just to analyze what do you think , how the market will behave in 2023.. Is it good or bad for the crypto space..

What are your Crypto Investment shortcoming this year.. which you avoid or have learnt and would not repeat in the year 2023 ..

Nah!!! i don't the see market getting better in 2023. But it did teach us a lot of things most especially those thing that we have been taking for granted like the FTX fiasco taught or reminded us the importance of keeping your coins in a non-custodial wallet and to treat exchanges as 'exchange' and not as a wallet.
In 2023 i just hope something new comes that will change how people now view the whole crypto industry that's the only way to make the market recover faster. because if we continue like this it is going to take a longer time before the market fully recovers.

retreat

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Quote from: talkoncrypto Official on December 28, 2022, 06:53:29 AM

The year 2022 is a very trembling year for the whole crypto community, where in some exchanges went down due to market dip, some actually were closed down due to their greed, mismanagement, and liquidity issues.. Just to analyze what do you think , how the market will behave in 2023.. Is it good or bad for the crypto space..

What are your Crypto Investment shortcoming this year.. which you avoid or have learnt and would not repeat in the year 2023 ..

Do not really hope that 2023 will be a good year for crypto as we can see that most crypto coins are currently in a sideways position and are showing no signs of breaking away from the resistance point. Moreover, in the coming year it is predicted that there will be a recession and worsening geo-political conditions between Russia and the West, this will be a bad signal for crypto market conditions in 2023.

hugeblack

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If the year 2022 was bad, then all these problems will be clearly reflected during the year 2023, as there are no signs of improvement on the horizon.

Weak liquidity will stimulate more violent correction waves, and therefore it is expected that we will witness more bottoms, and the previous support levels will be strong resistance points, which means more liquidity to break, something that will not happen during the coming months.

In short, do not expect levels higher than 29K, and we may witness bottoms at 10k.

Oshosondy

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After the rain, what would happen? It is that the sun will shine. The weather can never be the same all through the year, that is how bitcoin price is. If the price has suffered a massive price drop, what would happen next? You should be expecting the bull market next. But in 2023, I am expecting both bull and bear market while 2024 will be most for bulls. Which means that it would be best to use 2023 to DCA or to accumulate more bitcoins for the coming year.

talkoncrypto Official

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The year 2022 is a very trembling year for the whole crypto community, where in some exchanges went down due to market dip, some actually were closed down due to their greed, mismanagement, and liquidity issues.. Just to analyze what do you think , how the market will behave in 2023.. Is it good or bad for the crypto space..

What are your Crypto Investment shortcoming this year.. which you avoid or have learnt and would not repeat in the year 2023 ..

Topic: Lesson learned in 2022 for crypto investment and would not repeat in 2023 (Read 108 times)