Topic: Lessons from crypto in 2018 - page 5. (Read 41093 times)
Do not be too much greedy in the crypto space is what I have learnt in 2018. Generally traders fail to reap benefits from trading of coins due to their greediness to want more. Another lesson is that do not panic-sell off your coins when the market starts going down. The market goes up the same level when it goes down.
One more from my side: many people came to this market as newbies in investment and money management. Some times I see peoples messages in the chat - I am new, please help. And the scammers are not sleeping as well. So, the conclusion is - do not trust your funds to anyone.
What valuable lesson(s) have you learnt from the crypto space in 2018 and how is it going to shape your involvement in the space going forward? Looking forward to your responses, hoping one or two persons learn a thing or two from them.
Lessons I learnt in 2018:
1. Be patient.
2. Admit your mistakes and learn from them.
3. Don't forget about stop loss!
4. Don't be afraid to lose money, it's an experience.
5. Due diligence is extremely important.
What valuable lesson(s) have you learnt from the crypto space in 2018 and how is it going to shape your involvement in the space going forward? Looking forward to your responses, hoping one or two persons learn a thing or two from them.
I think the most important lesson is always look at the longer-term picture, and don't panic. Prices have recovered substantiually since the 2018 bear market, and sentiment seems a lot less negative now. Crypto has huge potential, it is important not to give up when the price falls for a long time.
Now many are afraid of the repetition of 2018 so the market has grown quite cautiously..this is primarily true of altcoins. No one wants to lose much again.
I agree, now many people want fast growth, but they are afraid to buy a lot and at once, so as not to wait for years of market growth again
Now many are afraid of the repetition of 2018 so the market has grown quite cautiously..this is primarily true of altcoins. No one wants to lose much again.
the lesson that I took was not to be too greedy, and also the market situation couldn't be stable, sometimes it would go up / down, just how you took the opportunity at that time.Don't go with the flow, sometimes it's better to stop, and wait for the next opportunity.
Greed and fear are always accompanied, I have been worried many times about whether to invest in a certain altcoin in 2017. I hesitate and finally decide not to invest, then it increases sharply again. I joined and joined fomo
I wish i sold bitcoin in the end of 2017, in 2018 i wish i joined people who know that they doing and sold everything again, buy at beginning of 2019 and sold now. Most important thing is experience, it's nice to have some people to exchange experience with.
One of the big lessons I have learnt from the crypto space in 2018 is never follow price hype of a coin. Another lesson is never blindly depends on others like so called cryptocurrency experts while investing in cryptocurrency. I have invested in ripple in 2018 when the coin was skyrocketing. I thought at that time that the coin would never fall in price. But it dramatically fell in price, incurring me a big loss.
in 2018 I learned how to take advantage of the market situation when it was weak. so before you make a decision, you must plan your investment strategy carefully and use your expertise and experience to invest widely and wisely. In situations where you want what to do and you can copy. After all is said and done, you must realize that you will win or lose, it is important to accept this!
Half of the cryptocurrencies are just using someone else's code base and is almost exactly the same as another coin. Bitcoin and Litecoin for example, all they changed was the block time. People also create forks and create a new coin that follows another direction but the truth is, they are all the same. People are just creating Bitcoin forks and then calling it Bitcoin X and just uses it to earn money but they make it sound like they are trying to change the world (errmm, no). Any developer can change a few lines of the existing Bitcoin code and then create their own coin, its as easy as that.
Ultimately, I think Cryptocurrency will fail in the end, maybe a few good cryptocurrencies will survive but I believe 95% of them will just go to zero.
Ultimately, I think Cryptocurrency will fail in the end, maybe a few good cryptocurrencies will survive but I believe 95% of them will just go to zero.
My unforgettable experience that I learned is that you need to have a protected account on the exchange
Protect your accounts on exchange via good passwords, secure with 2FA, and keep your passwords, 2FA codes backups in safe place, offline are not enough. The best thing to do is avoiding storing your money directly on exchanges, whatever exchanges are, and only make deposits to exchanges when you want to trade or sell your crypto. If not, keep them safely in wallets that you have full control, and keep your devices safely too.
My unforgettable experience that I learned is that you need to have a protected account on the exchange that it would not be hacked and keep safe the private key to the wallet.And at the expense of the market, I learned for myself that you need to keep calm and not to hurry and you needed to learn from the professionals to be able to success.
Dont be too greedy.
Learn critical thinking in order to sell some of your gains, otherwise there is good chance that you will not sell you assets not even at all time high but with any profit! A good strategy is to sell at least part of investment.
Learn critical thinking in order to sell some of your gains, otherwise there is good chance that you will not sell you assets not even at all time high but with any profit! A good strategy is to sell at least part of investment.
During trading, once you are in profit sell and exit the market. Even if it later starts rising forget about it and wait for another trade or risk being dumped on. Also, I learnt that only projects with something to offer will last long term thus worthy of holding. Lastly, don't put all funds on one coin.
The market situation at that time taught many things, namely patience, so that made me even more excited to learn new things in cryptocurrency to be able to get through more severe situations
"Do Your Own Research"
Investing is difficult. Nobody is going to do it for you. No one is going to give all the right ideas. No one has the crystal ball of clarity about where the market is going. You need to take time to do the research yourself. The burden is to inquire into a project and really understand what is getting
Investing is difficult. Nobody is going to do it for you. No one is going to give all the right ideas. No one has the crystal ball of clarity about where the market is going. You need to take time to do the research yourself. The burden is to inquire into a project and really understand what is getting
2018 was a roller coaster ride of cryptocurrency and it was very devastating to some people. I've learn that market was crazy, full of hype and a lot of scammers to take advantage of you. But the best lesson that I learned, is do not be greedy with the increment of your investment. Don't expect too much just be happy of the gain because this market is really a crazy ride.
the lesson that I took was not to be too greedy, and also the market situation couldn't be stable, sometimes it would go up / down, just how you took the opportunity at that time.Don't go with the flow, sometimes it's better to stop, and wait for the next opportunity.
yes, because the factors that become several investments do not become successful are an investor who invests in it, in what you say the main factor is ourselves that must be improved. and make it an experience so that in the future things will not happen again
One of the main lessons for me was that crypto is VERY changeable, and everything can change fast and without any notice:) Just remember how fast downtrend was appeared, nobody was ready for that scenario and of course most of people was sitting in alts and watching their depo crash.
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