LESSONS FROM CRYPTO MARKET | Bitcointalksearch.org

xSkylarx

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Quote from: Kambal2000 on October 24, 2019, 01:03:13 PM

Quote from: White Christmas on October 24, 2019, 12:38:58 PM

My lessons in the crypto market especially in trading is risk all the things that you can afford to lose, why? Simply because of this you can risk all the things that you have and if you lose you can cover it up eventually and you will not be suffers from a huge loss right? That would be the best motto in my life that I learned here in the cryptomarket.

Sometimes in life, it is okay to take risk, not just something we can lose. But of course, we need to learn first, and while we are learning basic trading then let us just make a capital which we can afford to lose, and once we are confident, sometimes taking risk is good, just don't invest your 100% money, just enough fund and not just $20 after few months of learning, or you are just wasting your time.

People need to risk of they are brave enough, people who taking risk and dont have a strong mind and heart will only leads to a bigger losses in their asset. Trading makes you feel anxious , if you have a weak mind and heart dont risk buddy, risk what you can afford to lose someday. Market is very unpredictable, take the risk together with you mind and body and learn the lesson.

teosanru

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Quote from: thinhthai on January 22, 2019, 03:37:41 AM

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

i think this is a lesson that every market teaches you. Fear of uncertainty and doubt comes with this fear that you have mentioned while greed takes you into FOMO. You should know that best thing is to either HODL if you are not brave enough to fight the markets or better go for a trading strategy aligned with some risk management technique to get high profits and reduce losses. These are the only two ways to survive in these Markets.

wxa7115

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Quote from: panganib999 on October 24, 2019, 12:05:27 PM

What I learned and has been the biggest lesson I've learned here in the crypto market is, never get too emotional while doing your job or business here. Getting too emotional while in the midst of the rollercoaster movement of the market cap will surely screw you and will mess up your rationality, leading you too make impulsive decisions. Since then, until now I had that lesson with me, to never let your feelings and emotions get in the way, not only in crypto space but also in every aspect of life.

That is definitely an issue many traders need to truly understand, in many other markets where the movements in the price are low controlling your emotions can be very easy since you can avoid emotions like greed and fear very easily but when this market moves 15% in a matter of hours like what it is doing now then controlling your emotions can be a real challenge and only those that have complete control over their emotions will survive.

And while many books do not dedicate a lot of time to the subject of controlling your emotions, when you trade in this market this skill is critical especially if you want to make profits in the long term.

Faxmate

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Quote from: desticy on October 23, 2019, 08:28:07 AM

Under your statement, you can draw a line and write one word "experience".
Due to the lack of experience in such a young market as a cryptocurrency, we understand our mistakes post factum, we only recognize them after a lapse of time.
More than once I came across the mistake of greed, buying a coin in the midst of its growth and then losing everything, fearing to fix the losses due to my greed and fear.
Thus, for one price pump, I fell into the trap of greed and the trap of fear. Fear of loss. All this for one simple reason - lack of knowledge.

I think most of the times, people do blunder due to lack f knowledge. Mostly investors invest due to the hype there is of digital market. Now bitcoin has produced millionaire and indeed everyone wants to become rich so they simply either choose bitcoin or some altcoin that is available at lower rate. Whenever, there is a dip or the falls stay longer than many can tolerate, panic selling takes place at large scale.

supercanada1

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Quote from: tambok on October 24, 2019, 11:16:31 AM

Quote from: dioanna on October 24, 2019, 10:49:30 AM

Quote from: shield132 on October 23, 2019, 12:19:58 PM

Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

ugly truth sometimes people normally do not learn from their mistakes even if it happenned twice or more.
Self-discipline is really hard to achieve, it needs enough focus and motivation. I am also guilty of this.

If people cannot control their emotions and don't believe in their perception, then maybe investing in crypto is not for them, crypto investment is good if we know what we are doing, if we can find time searching things, and we know how to analyzed our mistakes, our loss, and we are also open to the opinion of others.

Well I think, if people cannot control their emotions then they should learn it because that is an important trait to carry and if they do not believe their perception regarding crypto currencies, specifically bitcoin, then they should try it themselves and they will realize what digital currencies are about. No one can ignore crypto coins for long. So it is better to indulge in them as early as possible.

FaMouS8828

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It's a simple but so clever opinion. I came to this point as you, for spending a couple of years. Now I have got clear goals at which moment I buy or sell my cryptocurrencies. Unfortunately, you only start understanding it after big failures.

Kambal2000

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Quote from: White Christmas on October 24, 2019, 12:38:58 PM

My lessons in the crypto market especially in trading is risk all the things that you can afford to lose, why? Simply because of this you can risk all the things that you have and if you lose you can cover it up eventually and you will not be suffers from a huge loss right? That would be the best motto in my life that I learned here in the cryptomarket.

Sometimes in life, it is okay to take risk, not just something we can lose. But of course, we need to learn first, and while we are learning basic trading then let us just make a capital which we can afford to lose, and once we are confident, sometimes taking risk is good, just don't invest your 100% money, just enough fund and not just $20 after few months of learning, or you are just wasting your time.

White Christmas

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★Bitvest.io★ Play Plinko or Invest!

My lessons in the crypto market especially in trading is risk all the things that you can afford to lose, why? Simply because of this you can risk all the things that you have and if you lose you can cover it up eventually and you will not be suffers from a huge loss right? That would be the best motto in my life that I learned here in the cryptomarket.

panganib999

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Quote from: thinhthai on January 22, 2019, 03:37:41 AM

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

What I learned and has been the biggest lesson I've learned here in the crypto market is, never get too emotional while doing your job or business here. Getting too emotional while in the midst of the rollercoaster movement of the market cap will surely screw you and will mess up your rationality, leading you too make impulsive decisions. Since then, until now I had that lesson with me, to never let your feelings and emotions get in the way, not only in crypto space but also in every aspect of life.

tambok

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Quote from: dioanna on October 24, 2019, 10:49:30 AM

Quote from: shield132 on October 23, 2019, 12:19:58 PM

Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

ugly truth sometimes people normally do not learn from their mistakes even if it happenned twice or more.
Self-discipline is really hard to achieve, it needs enough focus and motivation. I am also guilty of this.

If people cannot control their emotions and don't believe in their perception, then maybe investing in crypto is not for them, crypto investment is good if we know what we are doing, if we can find time searching things, and we know how to analyzed our mistakes, our loss, and we are also open to the opinion of others.

dioanna

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Quote from: shield132 on October 23, 2019, 12:19:58 PM

Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

ugly truth sometimes people normally do not learn from their mistakes even if it happenned twice or more.
Self-discipline is really hard to achieve, it needs enough focus and motivation. I am also guilty of this.

asus09

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Quote from: Colt81 on October 20, 2019, 10:55:41 PM

Quote from: thinhthai on January 22, 2019, 03:37:41 AM

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

Patience is the first thing that i learned in crypto market for me not to have huge losses. In cryptocurrency, here i always learned from my mistakes that i should know how to control my emotions when it comes making decision in trading and investing my money in crypto because i always experienced losses which is normal, but we still need to learn how to minimize our losses for us to earn bigger profit.

Lets leave crypto without have patience and never can't control how your emotion when bitcoin or altcoin up and dump, many investor never take risk when price down with sell by panic moment and buy when price have reached higher price, they invest based on what recommendation from the other without know how to check chart and condition before investing.

binhvo1505

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https://streamies.io/

My lesson is never be too involved, just like you. This is a common mistake of newbie like us. I would have lost the chance to get $ 1k6 in 10 minutes if I didn't remove the sell order.
I was greedy when I bought wpp and didn't want to sell them when the price went up, and now the price has dropped and I only have a profit of about $ 500.
This is a big lesson and everyone should be disciplined when trading.

alisonwonder

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there are many lessons to be learned when you trade in the cryptocurrency world, one of which I think is very important is that you can control the patience you have and are not greedy, because usually when you are greedy you will find it difficult to be able to profit, it's better to take enough profits and do not be greedy.

secretgirl

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Quote from: youdacapt on October 24, 2019, 04:05:56 AM

Confidence and discipline will make a big difference. there is no more fear when we know where resistance and support will go, especially when we use leverage, the fundamentals must not be thought of first. Discipline is the next key where when we analyze the direction of the next step (according to the time period), sl will always be used to determine profit or cut losses.

I agree with your opinion, trust and discipline will make a difference. I think greed and fear will disappear in our thinking, when we are confident and disciplined in trading. for example, we make a benchmark of 2k, when the price exceeds the purchase price and we already profit by the amount of 2k, that means we have to make a sale. Likewise, when prices fall, we must also benchmark. so with what we do, in my opinion will minimize greed and fear in trading.

youdacapt

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Confidence and discipline will make a big difference. there is no more fear when we know where resistance and support will go, especially when we use leverage, the fundamentals must not be thought of first. Discipline is the next key where when we analyze the direction of the next step (according to the time period), sl will always be used to determine profit or cut losses.

gandame

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You can get more lessons here in crypto world.
Greed if someone are greedy to get more profits here in bitcoin they are not contented to there profits they want more.
Fear some have that they fear to lose there profits so if they say that they get small profit they sell it.

Aying

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https://raiser.network

Quote from: Colt81 on October 20, 2019, 10:55:41 PM

Quote from: thinhthai on January 22, 2019, 03:37:41 AM

~snip

Patience is the first thing that i learned in crypto market for me not to have huge losses. In cryptocurrency, here i always learned from my mistakes that i should know how to control my emotions when it comes making decision in trading and investing my money in crypto because i always experienced losses which is normal, but we still need to learn how to minimize our losses for us to earn bigger profit.

We learn patient if we experience losses. you are right that losses are normal in crypto but we should do better to avoid this or lessen the amount we lost. I learn experience from others and I don't estimate the price whether it come up and down I really observe and watch the market flow everytime and read some articles to learn its movement. so its better to experience this all to become a better trader that what we wanted.

dentolas

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arcs-chain.com

My most valuable lessons where also similar to yours, greed on one hand, leads you to always wait that the price goes higher... and then you loose your chance to sell... panic on the other hand can lead you to rush decisions that will kill your investment...

Pacience and calm are very important assets, as these will keep you safe from rush decisions... easier said than done Grin

but I'm working on it

shield132

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Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

Topic: LESSONS FROM CRYPTO MARKET (Read 2404 times)