LESSONS FROM CRYPTO MARKET - page 12.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Lexurdania on February 17, 2019, 07:27:08 PM

Maybe its because cryptocurrency market still unregulated. If regulated, i think market movement will more calm and not too volatile.

It was always unregulated and have been a target for pump and dumps. They are methods that whales do to make money from feeding of small cap traders but there people should be careful that a regulated market would not happen anytime soon at least not before an ETF comes in from SEC. So false hope should not be lodged in their minds.

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I am agree that we should not panic with current condition, crypto is long term investment

The last few days have been rather a good run for bitcoin and altcoins. We did reach the uptrend and lets see how it holds out in future this month end.

sarmrakib

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

Fear and greediness both are mostly act on our trade. We have to be strategical and being confidence on our trade .That's how we can stay away from fear .On the other we just need to be pleased on a certain level of profit .That's how we can minimize our losses. That's why we must need to put stop loss to make our profit ratio high and minimize the huge losses.

Colan Zolo

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We do get valuable lessons by plunging into the world of crypto, that fear is always there and continues to haunt if we experience loss, and revenge becomes greedy to get what we want. This must indeed be controlled to be able to control emotions. Doing the right and meticulously to keep getting results.

fauzan Ichsan

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Quote from: cydrix on February 18, 2019, 12:43:49 AM

Quote from: thinhthai on January 22, 2019, 02:37:41 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?

One way of avoiding greed is to make a reasonable profit for you and after that money exceeds your expectations then the extra money you earn is the one you are trying to gain profit as a second batch capital. Losing is a way of life and winning is too. Accept the outcome of your work whether it is good or bad. Don't focus on earning money, instead focus on earning knowledge because it cannot be taken from you hehe. Have a responsible way of thinking and avoid greed.

besides that indeed with discipline on the targets that have been determined to be one way to avoid greed. and to prevent that from happening, there needs to be repeated training so that we can be consistently disciplined with our analysis

cydrix

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Quote from: thinhthai on January 22, 2019, 02:37:41 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?

One way of avoiding greed is to make a reasonable profit for you and after that money exceeds your expectations then the extra money you earn is the one you are trying to gain profit as a second batch capital. Losing is a way of life and winning is too. Accept the outcome of your work whether it is good or bad. Don't focus on earning money, instead focus on earning knowledge because it cannot be taken from you hehe. Have a responsible way of thinking and avoid greed.

Lexurdania

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Quote from: Cherylstar86 on February 10, 2019, 10:02:39 AM

Quote from: cfif123 on February 10, 2019, 04:50:28 AM

Quote from: idham29 on February 08, 2019, 10:21:28 PM

Quote from: arkawa040 on February 07, 2019, 11:45:06 AM

My lesson is that I act coolly on certain tactics, and I recommend you to develop it, do not read the first news and do not get into the power of panic, because most of the actions in the market appear only because of panic.

Many lessons can be taken from the crypto market, including patience in HODL which will bring benefits. Then the analysis of various major state policies that can bring about the impact of crypto prices will increase or decrease. It all makes it smarter to make decisions. Because the final goal is profit.

I agree with you when the market is more dizzy and one of them is HODL, there is no other way if you are patient, you will get the excess, then the point is be patient

The world of cryptocurrency is full of uncertainties and surprises. With its volatility I learned to stay patient and positive. It taught me to build strong self-discipline and to focus more on my goals. Don't panic when situations go wrong or when crisis arise, never be afraid to fail, instead learn from bad and good experiences. Be open to changes as opportunitues, and continue to learn in order to grow and be more productive.

Maybe its because cryptocurrency market still unregulated. If regulated, i think market movement will more calm and not too volatile. I am agree that we should not panic with current condition, crypto is long term investment

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Tungsten-1 on February 15, 2019, 02:08:39 PM

There are whales who always ready to take the advantage of our unawareness so when they start to spread bad news in market they become so active whoever wants to sell they will be ready to buy, so same as you I got to learn that no need to listen them and selling buying should be done with my own observation and with patience.

Those are not whales but pump and dumpers. Again someone can be both as dual personality - you never know whats happening with every username on the internet. Sometimes prices are getting manipulated like that.

Quote from: mrdefendername on February 15, 2019, 03:23:22 PM

Fear, greed and so on are of course bad, but sometimes you need to allow it, to a certain extent, to achieve the best result. Because if you do not want to achieve something more, you can remain with nothing.

Dont think thats what the topic is about but yes in general it is correct that fear and greed are part of the market psychology and this will teach people to fall prey of emotions and take a wrong decision only to regret it. In being a successful trader one will make mistakes but they can be rectified in future or prevented.

mrdefendername

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Fear, greed and so on are of course bad, but sometimes you need to allow it, to a certain extent, to achieve the best result. Because if you do not want to achieve something more, you can remain with nothing.

chaintee8989

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People those who are involved in the crypto market for more than a couple of years has learned the lesson.
Fear and Greed can’t benefit their investment but left broken. If someone is a true believer then they don’t have to fear about the market situation and they should have the plan to cash out the required assets according to their need without greed.

Tungsten-1

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Quote from: TheUltraElite on February 07, 2019, 06:55:58 AM

Quote from: Bosx1ne on February 03, 2019, 07:31:36 PM

You have a good point! If we can only fully understand the market then we can know the right time to enter and to exit in trading.

And the toughest part of trading is doing the same. You cannot decide on what point is the best to exit by just looking at speculators. Remember that majority of the opinions are biased because they are coming from the bag holders of coins. They want to make profit dumping on people who are coming in new. If you do your own analysis then the older price chart should indicate a good entry and exit point.

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There are many information around the internet that are useful in trading of cryptocurrencies.

There are also fake news and manipulative news which one must become resistant and begin to ignore. Then there are shill youtubers who pump their bags of coins.

There are whales who always ready to take the advantage of our unawareness so when they start to spread bad news in market they become so active whoever wants to sell they will be ready to buy, so same as you I got to learn that no need to listen them and selling buying should be done with my own observation and with patience.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: davit putra on February 10, 2019, 11:07:26 AM

In addition to fear and greed there is still patience and hope, and that depends on our thinking in learning about the decline in the market.

Hope is important in the bear market. But hope without being realistic is also a waste of time. Then false hope or misinterpretation of things is also a time waster. In this market condition I have seen people speculating over small stuff making it look so big as if the end of the world is coming. People become delusional like this when they are hopeless and having nothing to hold on to. This should not happen among traders and for this people need to practice.

I believe fundamental knowledge about crypto not being clear is the root of the FUD and false thoughts.

incomefromcoins

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the crypto market is in initial stages of growth and development so there will be volatility once the legality and regulations take place we can expect steady growth in prices but at the same time investors should be patience nt to do panic selling

South Park

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Quote from: bananaunana on February 08, 2019, 04:00:43 PM

Quote from: thinhthai on January 22, 2019, 02:37:41 AM

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

How about you, what is your lesson?

Nice comment, but I'm not a good trader. Cheesy

So consider my words with caution it might not be the best advice. Wink

I would personally look at the overall market and when BTC was at 10k it was really to high to be true and obvious that the market was too hot. But some losses later we know it better and haven't bought it. Cheesy

I like HODL because it's something better in long term and all the trading fees are no issue when you HODL. Wink

It is not easy but you can improve significantly if you are really interested in the subject, knowing how to trade is one of the most profitable skills that you can posses because once you learn to trade one market you can trade them all since all of them present the same characteristics regardless of the volatility of each market, so even if you do not feel comfortable trading cryptocurrencies you could trade stocks or forex and make your money there.

davit putra

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In addition to fear and greed there is still patience and hope, and that depends on our thinking in learning about the decline in the market.

Cherylstar86

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Quote from: cfif123 on February 10, 2019, 04:50:28 AM

Quote from: idham29 on February 08, 2019, 10:21:28 PM

Quote from: arkawa040 on February 07, 2019, 11:45:06 AM

My lesson is that I act coolly on certain tactics, and I recommend you to develop it, do not read the first news and do not get into the power of panic, because most of the actions in the market appear only because of panic.

Many lessons can be taken from the crypto market, including patience in HODL which will bring benefits. Then the analysis of various major state policies that can bring about the impact of crypto prices will increase or decrease. It all makes it smarter to make decisions. Because the final goal is profit.

I agree with you when the market is more dizzy and one of them is HODL, there is no other way if you are patient, you will get the excess, then the point is be patient

The world of cryptocurrency is full of uncertainties and surprises. With its volatility I learned to stay patient and positive. It taught me to build strong self-discipline and to focus more on my goals. Don't panic when situations go wrong or when crisis arise, never be afraid to fail, instead learn from bad and good experiences. Be open to changes as opportunitues, and continue to learn in order to grow and be more productive.

darefreads

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The lessons I learned from my investments that loses it's regular amount this year is to have a better strategy and plan in investing to our favorite currencies. To avoid from losing our investments and get what we are expecting to earn in our invested currency and make some more information about the projects that we will gonna participated to know if it has a big possible growth in the future.

cfif123

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Quote from: idham29 on February 08, 2019, 10:21:28 PM

Quote from: arkawa040 on February 07, 2019, 11:45:06 AM

My lesson is that I act coolly on certain tactics, and I recommend you to develop it, do not read the first news and do not get into the power of panic, because most of the actions in the market appear only because of panic.

Many lessons can be taken from the crypto market, including patience in HODL which will bring benefits. Then the analysis of various major state policies that can bring about the impact of crypto prices will increase or decrease. It all makes it smarter to make decisions. Because the final goal is profit.

I agree with you when the market is more dizzy and one of them is HODL, there is no other way if you are patient, you will get the excess, then the point is be patient

nur rochid

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Quote from: Burogh on February 09, 2019, 09:13:29 PM

Quote from: Finestream on February 09, 2019, 06:49:54 PM

Quote from: lutfi-hasan on February 09, 2019, 06:36:43 PM

Lessons from the Crypto market are about patience, because beginners seem to want to pursue profit without thinking of the decreasing price that always comes, and when the price drops automatically the asset will decrease, and that's where patience will be tested not to sell at cheap prices.

Yes.Learning to be more patient and control our greediness would still be the best lessons i've learned from crypto.There are still a lot of uncertainties in this crypto market so we should always be patient in whatever might happen.And having too much greediness will not make you wealthy in the end.It will only make you lose even more if you will be carried away with your own greed.

I am agree. Greedy will leads us to big loss and patience is our friend. Getting profits is not easy and its require a good patience and good analysis. Holding is good option and i think it will leads us to big profits in the future.

therefore we must have realistic targets, so that if the target is met, we can immediately sell it. this method that I have been carrying out so far, although it has not been perfect, because greedy is human nature

Burogh

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COVIR.IO

Quote from: Finestream on February 09, 2019, 06:49:54 PM

Quote from: lutfi-hasan on February 09, 2019, 06:36:43 PM

Lessons from the Crypto market are about patience, because beginners seem to want to pursue profit without thinking of the decreasing price that always comes, and when the price drops automatically the asset will decrease, and that's where patience will be tested not to sell at cheap prices.

Yes.Learning to be more patient and control our greediness would still be the best lessons i've learned from crypto.There are still a lot of uncertainties in this crypto market so we should always be patient in whatever might happen.And having too much greediness will not make you wealthy in the end.It will only make you lose even more if you will be carried away with your own greed.

I am agree. Greedy will leads us to big loss and patience is our friend. Getting profits is not easy and its require a good patience and good analysis. Holding is good option and i think it will leads us to big profits in the future.

Finestream

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Quote from: lutfi-hasan on February 09, 2019, 06:36:43 PM

Lessons from the Crypto market are about patience, because beginners seem to want to pursue profit without thinking of the decreasing price that always comes, and when the price drops automatically the asset will decrease, and that's where patience will be tested not to sell at cheap prices.

Yes.Learning to be more patient and control our greediness would still be the best lessons i've learned from crypto.There are still a lot of uncertainties in this crypto market so we should always be patient in whatever might happen.And having too much greediness will not make you wealthy in the end.It will only make you lose even more if you will be carried away with your own greed.

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