LESSONS FROM CRYPTO MARKET - page 15.

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Quote from: wahyu wida on February 02, 2019, 11:48:38 PM

Quote from: OnceTwiceThird on February 02, 2019, 09:53:45 PM

Enough for your profit is more lesson at cryptocurrency, never trying for investing twice at the same altcoin. Maybe you get profit with one coin but never take buy back again at the same altcoin because price will be dump at the next time.

indeed, in essence, we should not be greedy in the cryptocurrency market, because prices can change in an instant with a distant range. take advantage of the best opportunities

As we observe or read, many advises to invest what we afford to lost. Because being greedy brings us fool, and when we fear that's the time we can make wrong actions.

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Quote from: OnceTwiceThird on February 02, 2019, 09:53:45 PM

Enough for your profit is more lesson at cryptocurrency, never trying for investing twice at the same altcoin. Maybe you get profit with one coin but never take buy back again at the same altcoin because price will be dump at the next time.

indeed, in essence, we should not be greedy in the cryptocurrency market, because prices can change in an instant with a distant range. take advantage of the best opportunities

OnceTwiceThird

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Enough for your profit is more lesson at cryptocurrency, never trying for investing twice at the same altcoin. Maybe you get profit with one coin but never take buy back again at the same altcoin because price will be dump at the next time.

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Quote from: LUCKMCFLY on February 02, 2019, 05:30:27 PM

The main lesson is to understand the market, to know in which direction it goes, in what phase we are, why are we there, technical analysis? Fundamental? both fail, the main thing is to understand the market and only understand studying books, such as Wyckoff, Livermore, who were first-rate speculators, also Buffet who is a sensational investor.

I wouldn't put too much emphasize on all theoretical. I learn everything from this community and searching around the web. Technical analysis though is difficult at the beginning and you really need to learn it my practicing.

Also, if you become a successful trader and started to make big money then security is the next big thing to learn. Invest on a hardware wallet and don't keep big amounts in trading exchange so that at least you won't get mad if those exchanges get breached or something.

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Quote from: Valhalaa on January 27, 2019, 08:04:26 PM

Quote from: AimHigh on January 27, 2019, 05:31:11 PM

Because you are beginner or newbie in cryptocurrency world i understand you on what did you mean is being fear for that happening it is ok because that is part of our life specially when you looking that you are losing your money you should fear but i want to advice your that you should need and learn how to wait and be patient because it will rise again.

what we need while playing crypto is patience in waiting for all certainty of every quality increase that exists because every time the event is always canceled
yes, the community is increasingly less confident in the crypto world

Patience will give us reward. Imagine people who hold XVG early 2017 and they can hold it one year, they must gain big profits. Its true that many holder less confident because bear market but market will recover soon or later

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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?

Well for me as of now i can manage what I have in crypto because I'm so scared to lose what put in crypto so I manage it well. I think being greedy is not good so if you think that buying in high price is good don't you think buying in low price is more profitable and affordable. I have many lesson learned in crypto and being greedy is not my vocabulary because I'm not hurry I'm just want to enjoy every moment.

LUCKMCFLY

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The main lesson is to understand the market, to know in which direction it goes, in what phase we are, why are we there, technical analysis? Fundamental? both fail, the main thing is to understand the market and only understand studying books, such as Wyckoff, Livermore, who were first-rate speculators, also Buffet who is a sensational investor.

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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?

I think you are right but you can't blame people if they got fear in crypto because it is really very risky investing. All i learned is to be caurageous when you want to invest in crypto and of course you must take all the risk. Also need a lot of patience holding if you don't know trading. Much better to holf than to have a big losses.

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Quote from: pungopete468 on February 02, 2019, 07:47:41 AM

Quote from: sirohige on February 01, 2019, 07:50:51 AM

some lessons like you mentioned can I get from the exchange and lots of experience that I can get from the exchange, my most important experience is the price of cryptocurrency can never be predicted accurately and requires very high patience to be able to benefit .

It is true that prices cannot be predicted accurately. bulshit with those who give predictions without a basis and also only people who want to get advice

Yes it is hard to know the perfect price of upcoming value of bitcoin as it use to get change anytime we should not trust anyone who always talk bad as price will only reduce and reduce just make search about it on google or there are so many popular sites. The only lesson I have learnt is market will recover in no time just be patient and keep holding.

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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?

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.

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Quote from: pinoyden on February 01, 2019, 05:23:01 AM

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.

How can we get profit from these kind of situations where all coins still in dump ? If your a trader or investor , thats nearly impossible but if you are a bounty/airdrop hunter and a campaigner , it will be possible to earn a little because you are only working for free without spending any capital aside fron your time

Let me tell you a way to make a profit in these situations. Take a look at the market, and you will see there are many coins can increase and most of them is a low coins price so you can buy when it's down and sell when it increases. But I suggest that you don't need to make a big profit in one-time, it's better to take a small profit but constant so in the end, you will make a bigger profit. By doing that, I am sure you will understand what I mean.
And if you are a bounty/airdrop hunter, it is not good to chase the free tokens because you already know that the tokens are not worth right now and if you hold, you need to wait for a long time before the price can increase. So it's up to you, which way you want to do.

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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?

Greed is the reason why I lose my money, I will remove that characteristic in myself for me to avoid losses. I learned now many lessons to my past mistake so I will now use it for me to regain all of my losses.

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Quote from: sirohige on February 01, 2019, 07:50:51 AM

some lessons like you mentioned can I get from the exchange and lots of experience that I can get from the exchange, my most important experience is the price of cryptocurrency can never be predicted accurately and requires very high patience to be able to benefit .

It is true that prices cannot be predicted accurately. bulshit with those who give predictions without a basis and also only people who want to get advice

glowing10

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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.

Crypto is volatile which is a known fact so this clearly means that not always people will be able to make money that is why it is said to be risky as well. But if you hold your right coin in future it can make you even millionaire when we have the bull run happen like 2017.

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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 people that are affected by those feelings do not really know much about trading, a trader has learned to let go of his emotions and to only enter a market when he sees an opportunity to make profits, if he chooses to ignore that simple principle he will suffer what you are describing in your post and when that happens it is too late and he will lose money, so before you make your trade you need to know exactly what you will do in case you earn money or in the case you lose it.

sirohige

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some lessons like you mentioned can I get from the exchange and lots of experience that I can get from the exchange, my most important experience is the price of cryptocurrency can never be predicted accurately and requires very high patience to be able to benefit .

unusualfacts30

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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?

easier to read than apply for most people but I would say your teacher was smart man who read good books. I'm pretty sure I've read that idea somewhere else so its not very original per say but its effective to know how to control your emotions and let them not get in the way but its important to pay attention to them since they can alarm you about things before they actually become obvious to you.

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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?

right, after reading your post I immediately laughed because I often did it was decided to sell when I suffered a loss.
maybe we should rearrange our goals in doing trade or investment, in my opinion getting a profit is slightly better than nothing.

pinoyden

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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.

How can we get profit from these kind of situations where all coins still in dump ? If your a trader or investor , thats nearly impossible but if you are a bounty/airdrop hunter and a campaigner , it will be possible to earn a little because you are only working for free without spending any capital aside fron your time

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