LESSONS FROM CRYPTO MARKET - page 18.

michellee

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Quote from: tetyulfania on January 26, 2019, 11:17:32 PM

We can take more lesson from crypto, always enough when you get your profit and never hold for long time about your trading or investing token. Some time many people is not enough with their profit and keep holding their asset until price is drop and low.

That is greediness if we cannot feel enough when we take the profit. We still chase the profit no matter if the price is a rally to the higher price but suddenly, everything change and we are stuck in the higher price without any chance to make a profit except wait for a long time (again). But for bitcoin, that is a must coin that we should hold for a long time because the bitcoin price will increase higher in the future, so we need to collect more and more bitcoin to prepare our future, and we could make a big profit in the future too.

mangsitin

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For me, having experienced the bitter experience at Crypto has made learning valuable for the future, because in 2018 it was the year of my failure in the crypto market, so much harm I could because I could not read the current price movements, but for now I it will never be like before, because now I have learned from failure.

akihikohideaki

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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?

For me the most important teacher is information / news, of course related to Bitcoin. Because the news will strengthen the analysis in making the right decisions before trading.
These news are needed to carry out fundamental analysis, because this one analysis relies on a variety of news that occur throughout the world that can directly or indirectly affect digital currency movements, policies and several other important things.

semobo

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Quote from: meanwords on January 26, 2019, 10:23:14 PM

That's the basic stuff to remember to be honest. I recently learned that last year and with that experience, I've become wiser but I feel like lacking something. Being greedy too much will be your downfall. Always aim for a certain profit even if it's small.

Having a target to achieve is more easier than running behind something which is not decided yet so make your limits before start to invest on the cryptocurrencies and aim to achieve and also be ready to change the target based on the market condition don't just to be greedy.

tetyulfania

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We can take more lesson from crypto, always enough when you get your profit and never hold for long time about your trading or investing token. Some time many people is not enough with their profit and keep holding their asset until price is drop and low.

meanwords

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That's the basic stuff to remember to be honest. I recently learned that last year and with that experience, I've become wiser but I feel like lacking something. Being greedy too much will be your downfall. Always aim for a certain profit even if it's small.

Sadlife

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Being greedy is part of any persons personality i mean who doesn't want to make good profit from their investment, i think all of us. For me being greedy is good as long a you put an stop loss when the price falls down and learn how to exit. And dont just put investment knowing its still in an uptrend learn to be patient dont just jump into the hype.

Lpim01

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Quote from: biskitop on January 26, 2019, 09:15:29 PM

personal experience, when a bear market occurs, the best step is to become greedy. but when the market bulls run, it becomes fearful because after a bull run there will definitely be a bear, and after the bear there will definitely be a bull run.

Satisfaction is really to achieve and it could lead into greediness. Isn't bad to be like that if we are doing it good not unless in the illegal activities. I've never saw badness in the market nor we are in troubled, this new change in trend won't be that we are in the dip hard. If we look into crypto historic chart, we can see that it is growing. The price today is still from the day it is started, so nothing to be worried.

biskitop

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personal experience, when a bear market occurs, the best step is to become greedy. but when the market bulls run, it becomes fearful because after a bull run there will definitely be a bear, and after the bear there will definitely be a bull run.

shinharu10282016

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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?

Never ever join the hype train ride. Its a crime in most countries. It will also bring you trauma.

Learn how to trade for yourself, and do not be greedy. It can kill all your investments, not just the only ones on the crypto market.

DAVETUN

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Unrealistic expectation, formulated through several news which tends to develop greed is a lesson for me, from the loss of 2018, I now ensure I take profit and capital to be invested in other viable project. I do not wait for the bull run to commence before taking profit.

Oceat

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Reading news and looking at the chart will help us determine what would be our expected profit upon investing. And also, move with the flow if everyone was started selling then sell. You can tell if they were moving already based on the observer chart, people will keep on talking about the price on that area. So you won't have a hard time finding a go signal and don't be greedy.

cizatext

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Quote from: Nnedaddy1 on January 26, 2019, 02:14:09 PM

I have learnt that the major factor why people fail in Cryptocurrency market is greed and fear like the poster asserted.
I learnt this in agony because I lost heavily all because I was being greedy instead of taking my profit.,I was waiting for more which never came .

Well in business you either lose or win but you can not have both at the same time I guest you situation should serve as a lesson for you and other's cause when you want to make it big at once you may some time lose all. But if I must advice this is the best time to buy more because the price is low now and don't forget to cash out your profits no matter how little it is.

Nnedaddy1

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I have learnt that the major factor why people fail in Cryptocurrency market is greed and fear like the poster asserted.
I learnt this in agony because I lost heavily all because I was being greedy instead of taking my profit.,I was waiting for more which never came .

Dondont

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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?

the lesson that I often get is, don't overly expect the market situation, be realistic. Market conditions can really make us mentally down, no need to pretend that we are okay. Because it is certain that the moment in this market is only temporary. We only need to know how to get a more chance

whiteblue

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the lesson that you can possibly get from the exchange is that you don't get easily influenced and don't let you buy, you should be able to buy when the price is low and make sure you have to be careful when you want to buy coins.

sheenshane

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Quote from: awik p on January 26, 2019, 10:52:27 AM

Quote from: goaldigger on January 26, 2019, 08:33:18 AM

The only lesson i got hold on to now is that, we should all have this very long line of patience in order to survive this wild market. Fear is the people's natural way to save himself, while patience will takes place after. Greed is somehow connected to it because as what you said, if you want more, you'll wait untill your money grows bigger.

for small investors like me, your advice is true. now I can only be patient waiting for prices to recover. because if I sell now, I will suffer a loss. by looking at the shining future of Bitcoin, of course I have to hold it until my target is fulfilled. luckily my money I use is free money, so my psychology is more stable

That's right keep on holding because those are patiently waiting they are most likely succeed in this kind of business a cryptocurrency investment. Even me I invested last year since in the first quarter of the year but until now I didn't spend them. Fear and greed are natural emotion on a human being but at least we know how to control with it. Learn base on your experience in trading and put some lesson to avoid failure activity near in the future.

awik p

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Quote from: goaldigger on January 26, 2019, 08:33:18 AM

The only lesson i got hold on to now is that, we should all have this very long line of patience in order to survive this wild market. Fear is the people's natural way to save himself, while patience will takes place after. Greed is somehow connected to it because as what you said, if you want more, you'll wait untill your money grows bigger.

for small investors like me, your advice is true. now I can only be patient waiting for prices to recover. because if I sell now, I will suffer a loss. by looking at the shining future of Bitcoin, of course I have to hold it until my target is fulfilled. luckily my money I use is free money, so my psychology is more stable

romero121

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There were lot and lot of things to be learned from the crypto market. The first thing that I learned from the crypto market is to use the opportunity at the right instance. Missing could lead you to face a very big decline in your portfolio. Almost each and every user in the cryptocurrency network could've experienced this. Another important thing is the greed. Lot of users out of greed without any research get into the cryptocurrency network and face big loss. This too needs to be avoided, which is possible only through proper learning.

Siti Nurbaya

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The lessons learned are indeed these 2 things, but to overcome this is patience. Patience not to feel afraid and patience not to be greedy. Only one point of patience is to be able to overcome what is happening. Determining profits is indeed necessary and must be done to meet the needs of life, but when the crypto market has to study these traits in order to be able to control.

Topic: LESSONS FROM CRYPTO MARKET - page 18. (Read 2404 times)