LESSONS FROM CRYPTO MARKET - page 13.

basty03

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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?

Yes that's two is the main we need to remember in crypto as a lesson. Fear is the one thing people doing in crypto because of their fear to invest or to buy they got nothing when the market is on the bull. And greed of some people that everything will do make a good earnings. Also patience we know that some people in crypto have no patience they always want to earn money only.

lutfi-hasan

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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.

Botnake

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Quote from: Seeker#9 on February 09, 2019, 05:48:54 AM

I learned a lot of lessons when I'm still a beginner in crypto market but I managed to overcome some bad habits that may cause me to lose some funds in the future. Newbies are usually prone to panic when the coin they are holding is going down but I managed to avoid this by learning how to control emotions during price declines. Sufficient knowledge in cryptocurrencies and trading will prevent you from making further mistakes.

Not easily affected by FUDs is one of the greatest learning we can have in crypto, we don't get affected because we've witness how the market
move of our long stay. We also started as newbie and we are here in this position now because we choose to improve, regardless of how the market moves, we will still continue to trust crypto, invest and make money here, there's no room for success on us if we do panic as only people with weak hands will panic.

UmerIdrees

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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.

Well, many people learn lessons from crypto trading once they have already experienced a big loss etc. When a new person comes in crypto trading he is not well aware of when to buy and sell and of course sometimes do not HOLD because of his in-experience. Once he has faced such situation, he then actually understands crypto and the lessons which are learnt with experience are long lasting ones.

btcyoda

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Quote from: jcarlo on February 09, 2019, 02:54:00 AM

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

I am agree, HODL is good decision if we dont have trading skill. Trading in volatile market is very risky and i think its take a lot our time because we should always maintain our trade and chart. Hodling make us more relax and the price will increasing again

Exactly, through patience, we need to HOLD them in the market because it is impossible to predict the situation. People who have a very good experience will always trade in the market whether the market is recovering and whether the market is in fluctuations.

Seeker#9

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I learned a lot of lessons when I'm still a beginner in crypto market but I managed to overcome some bad habits that may cause me to lose some funds in the future. Newbies are usually prone to panic when the coin they are holding is going down but I managed to avoid this by learning how to control emotions during price declines. Sufficient knowledge in cryptocurrencies and trading will prevent you from making further mistakes.

jcarlo

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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

I am agree, HODL is good decision if we dont have trading skill. Trading in volatile market is very risky and i think its take a lot our time because we should always maintain our trade and chart. Hodling make us more relax and the price will increasing again

idham29

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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.

Farahtenan

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There are many lessons that we can take, the fear of greed is the emotion that occurs when in crypto trading. But we must be able to control it for our good and progress, fear that loss is natural and greedy in taking advantage is an action that we must prevent. But sometimes that greed makes us lose if the trading skills in the crypto market are lacking. Two things we must be able to control.

Bitfling

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Quote from: michellee on February 08, 2019, 01:45:23 AM

Quote from: Bitfling on February 07, 2019, 08:28:27 PM

Quote from: michellee on February 01, 2019, 04:11:00 AM

Quote from: dongyi17 on February 01, 2019, 03:16:27 AM

Well lesson learned: don't expect to much...and don't exchange you current job to bitcoin...be wise in joining any campaign, make sure its legit, and learn more about virtual currency..cryptocurrency, its movement, system etc know the right timing when and where to trade and most specially learn the art of having patient and perseverance.

It's better to take the profit while we can get in these situations so we could still survive. And if somehow, we cannot trade, then it will better to stay and watch the market only because sometimes, there is a good time to buy any coins at the low price, so we have a chance to sell once it increases later. At least, we can see the opportunity from the market although the market is not stable yet.

Trading is good option beside hold but its required a good skill. Taking profits and not greed with our trade will be good for our investment and its true, we should not greed with our own investment because market move very volatile. Sell it when our target reach is good advice in this bear market

We can learn from many sources which are available on the internet, and I am sure that we get the lesson step by step. Don't expect to make a big profit if the market cannot increase higher and we need to take the profit while we can. The market still too volatile and I am not sure that the market can increase or even recover in this month or next month. But we have a chance to recover our losses by trying to trade with various coins.

I am agree with you. We should not greed with our profits if we decide to trade. Trading need patience and its very profitable if we have a good trading skill. On volatile market movement, with trade we can make profits on that fluctuating price

bananaunana

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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

South Park

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Quote from: yunzau on February 07, 2019, 11:56:49 AM

look carefully at the chart and don't be greedy if you make a profit even if it's 1% or 3% because it's better to get a little but be consistent than big profits only once.

That is a huge problem that I see with many participants in the market, they want big profits but sometimes you cannot get those profits simply because the market is not really moving that much, and then they try to push their profits up with leveraging which is not a good option to me because even if the profits you can get with leveraging are great the losses can be terrible and when you add the volatility on top of it then it could be even possible to lose all your capital in just a few days.

cizatext

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Both fear and greed are two destructive elements both to an investors and an ordinary man on the street, while fear can safe your life but can never give you the answer you want greed on the other hand can push you to a point that you will be left with nothing at all. And that is what is happening right now in the cryptocurrency community.

OnceTwiceThird

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Always enough with your profit when your asset have raised about 10% higher price, never waiting at higher price because your asset will be dump and you miss to get profit with your bitcoin and altcoin investment.

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Quote from: Bitfling on February 07, 2019, 08:28:27 PM

Quote from: michellee on February 01, 2019, 04:11:00 AM

Quote from: dongyi17 on February 01, 2019, 03:16:27 AM

Well lesson learned: don't expect to much...and don't exchange you current job to bitcoin...be wise in joining any campaign, make sure its legit, and learn more about virtual currency..cryptocurrency, its movement, system etc know the right timing when and where to trade and most specially learn the art of having patient and perseverance.

It's better to take the profit while we can get in these situations so we could still survive. And if somehow, we cannot trade, then it will better to stay and watch the market only because sometimes, there is a good time to buy any coins at the low price, so we have a chance to sell once it increases later. At least, we can see the opportunity from the market although the market is not stable yet.

Trading is good option beside hold but its required a good skill. Taking profits and not greed with our trade will be good for our investment and its true, we should not greed with our own investment because market move very volatile. Sell it when our target reach is good advice in this bear market

indeed greed will backfire for us so that it will eventually disrupt the psychological and make us choose the wrong decision. indeed the best are those who can take advantage of opportunities, buy while in the valley, and sell it while on the hill. on the other hand indeed we must be patient with the market

michellee

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Quote from: Bitfling on February 07, 2019, 08:28:27 PM

Quote from: michellee on February 01, 2019, 04:11:00 AM

Quote from: dongyi17 on February 01, 2019, 03:16:27 AM

Well lesson learned: don't expect to much...and don't exchange you current job to bitcoin...be wise in joining any campaign, make sure its legit, and learn more about virtual currency..cryptocurrency, its movement, system etc know the right timing when and where to trade and most specially learn the art of having patient and perseverance.

It's better to take the profit while we can get in these situations so we could still survive. And if somehow, we cannot trade, then it will better to stay and watch the market only because sometimes, there is a good time to buy any coins at the low price, so we have a chance to sell once it increases later. At least, we can see the opportunity from the market although the market is not stable yet.

Trading is good option beside hold but its required a good skill. Taking profits and not greed with our trade will be good for our investment and its true, we should not greed with our own investment because market move very volatile. Sell it when our target reach is good advice in this bear market

We can learn from many sources which are available on the internet, and I am sure that we get the lesson step by step. Don't expect to make a big profit if the market cannot increase higher and we need to take the profit while we can. The market still too volatile and I am not sure that the market can increase or even recover in this month or next month. But we have a chance to recover our losses by trying to trade with various coins.

Bitfling

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Quote from: michellee on February 01, 2019, 04:11:00 AM

Quote from: dongyi17 on February 01, 2019, 03:16:27 AM

Well lesson learned: don't expect to much...and don't exchange you current job to bitcoin...be wise in joining any campaign, make sure its legit, and learn more about virtual currency..cryptocurrency, its movement, system etc know the right timing when and where to trade and most specially learn the art of having patient and perseverance.

It's better to take the profit while we can get in these situations so we could still survive. And if somehow, we cannot trade, then it will better to stay and watch the market only because sometimes, there is a good time to buy any coins at the low price, so we have a chance to sell once it increases later. At least, we can see the opportunity from the market although the market is not stable yet.

Trading is good option beside hold but its required a good skill. Taking profits and not greed with our trade will be good for our investment and its true, we should not greed with our own investment because market move very volatile. Sell it when our target reach is good advice in this bear market

Burogh

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COVIR.IO

Quote from: South Park on February 06, 2019, 01:11:52 PM

Quote from: adamlillian on February 02, 2019, 12:37:59 PM

I was more careful than you but I did not place orders at the correct price. I don't seem lucky in the transaction. I usually stop-loss near the purchase price and it often makes my plan disturbed.
I think we should learn how to set reasonable stop-loss orders to become successful.

Luck has nothing to do with trading, it is true you may get lucky once in a while but eventually you will face the wrath of the market if you keep relying on it, also stop orders are critical to become successful in the market and the reason is simple, stop orders will allow you to get out of a losing position with a small loss to your account instead of a big loss, as time passes this will make a huge difference in your capital so you should never trade without a stop order or you will eventually face the consequences.

We should not depend on our luck and cryptocurrency moves base on demand and supply. If we want to trade, better start with learning about trading knowledge and skill. Crypto market move very fluctuated and long term investment for good project is good for me

Naughty Princess

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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?

The reason why we need to know our limit and know how much we longing for. Greediness won't avoid but this won't bring a fortune, we need to control our self and take risk everytime. Never hold long when you are scared but make sure you have good profit for your effort and then invest again with the potential coin or other assets in real state.

Ailmand

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There are many things that I've learned in crypto. That is not to be greedy and do not expect that the market will be stable. Remember that the market is highly volatile, the price can either go up or down in just a matter of time. Never hold your tokens for a long time, the bear-market killed most a lot of project which cost me a lot.

Topic: LESSONS FROM CRYPTO MARKET - page 13. (Read 2449 times)