Topic: LESSONS FROM CRYPTO MARKET - page 20. (Read 2442 times)
Whenever, if you are going to enter in crypto trading business never be Greedy, don't panic, and never allow your emotions control you most of the time when you are making trade in the market, and don't depend or rely your profit in luck, these are the things for sure in the end will lead you into wreck, bear that in your mind.
Well I have learnt a lot of lesson in my quest for profit making and trading in bitcoin and the cryptocurrency market. It very necessary for us to first understand the market and try to adapt our self's to it, the market is highly volatile and at that we should be smart in making our choice as at when to buy or sale.
Before I started trading cryptocurrencies, I did not manage to trade very well on the stock exchange. So to some extent I was already a trained guy. On the stock exchange, I learned patience, discipline, and thinking with my head. The first 2 qualities are the most useful, but 3 also very often helps not to lose money because of the advice of those people who risk nothing by giving their predictions. ) I can not say that I was disappointed in the crypto market or found something unique that helps me to trade. Most likely, I simply improve the qualities that I managed to acquire earlier.
If you don't know how to trade then start small.
My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN
Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).
My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN
Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).
The problem when keeping it in a cold wallet is that you can't just withdraw anytime. you gotta be a longtime holder if you do that which means you won't mind whether the price falls down to 80%. Dipping this low is an opportunity lost. If I have to keep my BTC in a cold wallet, I have to make sure I bought these coins the time when the price hits its very bottom. One lesson I learn is to dump all when the bear strikes because you never know when bulls are going to come back.
Yes indeed, sometimes we really should not fight the flow of the current market. Some friends tried it and the results were very bad. I ? just watching how the market will go. But we just can't judge one event to all current situation that might be coming. It can be a sign that bear market will give us a profit for short trade
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?
This is literally what happened to me. I've become so greedy that I want to profit big so I just hold it my btc and tokens, never thinking that its price could decrease. Everything does not happen according to our plan, and we have learn our lessons the hard way. This is a great lesson for me though. + 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?
Honestly, fear and greed are not acceptable in the field of trading. They are the main factors of your loss. On this occasion, it was even said "who wants a lot, will not receive anything, and who wants little will lose what he had." You should always set a boundary target and not take more. Not such a big risk of losing everything.
Quite right, because of fear and greed, mostly people lose their investments. Bitcoin is a vivid example of when they bought it for 20k and went into negative.
Honestly, fear and greed are not acceptable in the field of trading. They are the main factors of your loss. On this occasion, it was even said "who wants a lot, will not receive anything, and who wants little will lose what he had." You should always set a boundary target and not take more. Not such a big risk of losing everything.
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?
+ 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?
Sometimes those two things collide like they are sort of partners to make people rattle inside the market. All you need to have is skills to learn how to control those.
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 did not learn anything about this market. I learned that the market will decrease and will rise again after the downward cycle ends. Some people easily control the market, small fish like me is just a dish in this Cryptocurrency market.+ 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?
That is what happens in the market now, but I don't think that small fish like us cannot buy any coins in the bear market because we can try the opportunity to buy any coins when it's down, hold it for a while and then we can sell it when it increases. I am sure that if we can found one or two coins that could increase and decrease in every day, we can make a profit too like the other people who have big money. It's not about how much money we have, but it's about done you want to make a profit or not still.
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 learn from my mistakes and take it as a guide one of them is being patient enough with everything , I have realized that you can't always expect that the price will rise because it is unpredictable and in order to earn huge profit from bitcoin then you need to be patient. I learned that even if you fail once or you lose some money , it can't be enough reason to leave bitcoin if you have specific goal , hold or sell ? it depends on you if you have enough knowledge and if you take the responsibilty of the outcomes then go for it. Don't miss the opportunity , grab them so you won't regret it at the end. I have learned that never ever be afraid on investing again because another day is another chance.+ 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?
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 did not learn anything about this market. I learned that the market will decrease and will rise again after the downward cycle ends. Some people easily control the market, small fish like me is just a dish in this Cryptocurrency market. + 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?
We have take lesson from crypto market, how to manage profit without lost our money, never become rich person and keep take sell when you have raised your profit and never waiting for really at higher price because you can lost your chance get profit with your investment.
It's true that you will learn a lot from cryptocurrency. It will test both your emotional and intellectual skills. But what I've learned to crytocurrency is to be patient and to be critical thinker.
Timing for cryptocurrency trading is very complex, patience or haste all have to be moderated accurately for the best possible outcome. Have a realistic plan and expectation before investing, do not rely on wishful thinking and isolate emotions as much as possible.
This lessons that I would be sharing came from my experience, my friends experience, and from the books that I have read. Be a risk raker, that's the most significant words I still remember up to now from the book. It is said that it may cost you a lot and profit you a lot. Spread your money, this means that do not put it in a single place of investment. In this way, you prevent total loss if ever something bad happen. This two are just a few things I learned and experience, there are a lot more that I think you should discover it yourself.
I've felt that during the bull run, greed fed me up. I was expecting more from the market but good thing that I've sold some, I didn't focused for profit taking by that time but still the good side was I learned from that experience.
I'm not talking anymore to any of my friends especially the new ones that I know what bitcoin is. And for my relatives that are asking me on how to get involved and invest to bitcoin, I'm telling them to do their research first and I'll just guide them.
- If your friends and grandma are talking about bitcoin - GET OUT
Relate.I'm not talking anymore to any of my friends especially the new ones that I know what bitcoin is. And for my relatives that are asking me on how to get involved and invest to bitcoin, I'm telling them to do their research first and I'll just guide them.
If you don't know how to trade then start small.
My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN
Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).
My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN
Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).
The problem when keeping it in a cold wallet is that you can't just withdraw anytime. you gotta be a longtime holder if you do that which means you won't mind whether the price falls down to 80%. Dipping this low is an opportunity lost. If I have to keep my BTC in a cold wallet, I have to make sure I bought these coins the time when the price hits its very bottom. One lesson I learn is to dump all when the bear strikes because you never know when bulls are going to come back.
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?
that's true of what you say because what I get from crypto is of course the fear and greed that I see here, but I myself must avoid these two factors because it will definitely make my career path and you all cannot go well + 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 now is the time to buy up as much crypto as you can. IT is usually best to do the opposite of what others are doing. The saying is "be fearful when others are greedy", but this is easier said than done. Trying to catch a falling knife is very difficult so you want to average in your buys and never go all in at a certain price.
If you don't know how to trade then start small.
My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN
Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).
My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN
Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).
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