LESSONS FROM CRYPTO MARKET - page 16.

michellee

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Quote from: dongyi17 on February 01, 2019, 04:16:27 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.

dongyi17

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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.

Johnyz

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We may took so long to achieve our goals but if we have enough patience and knowledge we can achieve it. Learn from this, and don't be greedy because the more you hurry this market, the more you will lose the money. Buy more if its cheap, don't wait for the price to go high again before you trade.

Bitfling

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We should not fear in cryptocurrency market. Its true that fluctuation very high and i think we can take this as an opportunity to trade and make profits. Its true that greed is bad and we should make our own profits target. If that target achieve, i think we can invest in new coin or withdraw the profits

Natalim

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Quote from: Linkkoin on January 31, 2019, 11:55:19 AM

Patience is one of the crucial elements. And of course, if you consider cryptocurrencies as a form of investment, not a payment method one crucial rule is: buy low, sell high. And if you see the hype about Bitcoin like in December 2017, it is the moment to cash out the profits. And it works the other way round as well.

So then, how much cryptos do you buy in such a bear market? Wink

The best lesson you will learn is to learn how to be patient.
It's a way to avoid panic because eventually the market will grow, if we easy panic, it will only eliminate our chance
to enjoy a possible future profit.

Though we are not that perfect, especially if we are new, but we need to mature along the way.

hahay

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Sometimes, greed will indeed make you lose because the next value that continues to decline, but when you are not greedy in trading, there is a possibility that you are too quick to make a decision to sell because a few hours later or a day later the market shows a good increase. So lesson a graph and analyzing every information is the main thing if you want to get the profit that is as expected.

Linkkoin

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Patience is one of the crucial elements. And of course, if you consider cryptocurrencies as a form of investment, not a payment method one crucial rule is: buy low, sell high. And if you see the hype about Bitcoin like in December 2017, it is the moment to cash out the profits. And it works the other way round as well.

So then, how much cryptos do you buy in such a bear market? Wink

Nnedaddy1

copper member

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I learnt never to be greedy no matter the hype of a coin at any point in time.
I learnt to not follow the crowd fomoing or fuding .
I learnt to take profits when I see it no matter how lottle it is.
I learnt to be patient and not panic at any slight market change.

Wong Kalong

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With experience, you will get a lesson, but from experience you will give a picture that will make you better. Trying to collect coins when the market is red and it turns out that the prediction misses and has to lose, indeed now is the red market and has made a loss to me and can only survive.

binhvo1505

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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 also have a failure like you but having one thing made me lose a lot of money, that is subjectivity. I bought a lot of Paragon and always thought that it would not get down quickly. so I did not set a stop-loss order as well as a sell order at a high price. I thought it would take a long time to raise the price, but in just one day, its value increased by more than 6000% and I didn't sell it at that time. It was really an unforgettable experience for me.
Let's always focus and work out a detailed plan to avoid bad cases.

michellee

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Quote from: rosepetals on January 30, 2019, 04:09:05 AM

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?

Since votality in the market is just normal we can come to the point of expecting more rising but we don't know where these votality lead us.Like what had happened the value dumps too much that all people feared it could never recovered again.

The price will recover at the right time, and you don't have to worry. If people cannot stay calm at this moment, then they free to decide to leave the crypto or still stay in crypto. But if the crypto can recover while they leave, they cannot regret it because it's their decision. And if they want to come back to the crypto, I think it's not a good idea because every price of all coins will come at a higher price.

rosepetals

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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?

Since votality in the market is just normal we can come to the point of expecting more rising but we don't know where these votality lead us.Like what had happened the value dumps too much that all people feared it could never recovered again.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: happy man on January 29, 2019, 08:42:50 PM

fear and greed is which makes many traders not sucessful if anyone without fear greed and emotions with good knowledge will be successful and this is not only in crypto in general trading

Fear comes from not being firm to beliefs. If you are one of those people who dont have a firm belief then refrain from investing any money in the crypto markets. With fear comes anxiety and then panic leading to wrong and stubborn decisions. That would only mean a consolidation of the wrong orders and a huge loss. This is a speculative market and people talk about a lot of speculation 99% of which are based on their own emotions.

About greed though, it mainly affects the newbie traders who want to be a get-rick-quick guy. Greed is generally well controlled by experienced traders.

Overall the effect of these on the economy is not that profound in my opinion.

Horas1976

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Seeing the market can indeed teach us more than we can trade, but this is not easy, as a beginner I feel confused and still afraid to lose so that I can only hold and stay in position even though the value of coins is down. A market that is never stable gives many wrong perceptions and speculations and often loses.

boyptc

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Quote from: netto7 on January 28, 2019, 04:55:33 AM

i think in 2108 big mistake for everyone in crypto world is

.....

ICO for Trader

ICO didn't clicked last year and it's the hardest time and it was extended for this year. But there's some ICO exempted with the situation of current bear trend.

One example was BTT. It has raised $7.5M within 15 minutes. I guess this only works if it has been advertised by a popular exchange which is Binance.

Mishael

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I also feel afraid to start a business, because of failure. Right now I am still raising funds to be able to get back up and enter the crypto market to relearn and not repeat my mistakes. Indeed, fear is still there but if I do not let go of this when I can rise from fear of loss. Seeing the market now makes me have to start again and enter the market to make up for losses, sorry not greedy.

joeperry

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That's the most thing the newbie trader do, they realized that they're earning a little amount and afterwards they want more and what did they do is to HODL it. Well one of the things I learned in trading is:

1. Never be greedy set a point where you need to sell it for example 10-15%
2. You know when you're losing, don't get fooled by HODL it doesn't work everytime, sometimes it's alright to cut your losses than to HODL.
3. Don't get affected by the news or gossip some of them are just exaggerated maybe you should do the research and find out if the current news really affects the coin you're holding.

happy man

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fear and greed is which makes many traders not sucessful if anyone without fear greed and emotions with good knowledge will be successful and this is not only in crypto in general trading

Finestream

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Quote from: lutfi-hasan on January 29, 2019, 07:28:38 PM

I learned a lot from Bitcoin trading, because everything is not easy, there are always failures and failures in every trade, but all of that must be a valuable learning so that in the future it will be easier because it already knows from previous experience.

Yes.For me,there should always be a continuous learning in crypto market especially if you are in the field of trading.Everything in trading will be learn so the more often we keep on trading,the more experiences and lessons we will earn.One thing i have learned in this crypto market is we should be always patient and calm.There are unpredictable things that will surely come along the way so we should not be panic with it.

lutfi-hasan

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I learned a lot from Bitcoin trading, because everything is not easy, there are always failures and failures in every trade, but all of that must be a valuable learning so that in the future it will be easier because it already knows from previous experience.

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