Topic: LESSONS FROM CRYPTO MARKET - page 5. (Read 2404 times)
Sometimes many of us do not know that the greater the market fluctuations, the greater the level of fear of traders inside. Even pro traders were not spared from this fear. Bitcoin fluctuates rapidly, when it falls, many people are afraid and cut losses, then bitcoin rises again and they are full of regret. But when bitcoin rises they continue to hold as if bitcoin will never go down, I think that is the wrong way to trade.
The OP is surprisingly on the point.
I often have given into " greed "and not sold my assets just to hold on for little more, to earn a little extra more untill the downtrend starts and I end up selling a lot cheaper than my original goal.
it is very important to set clear targets and not to listen to emotion.
A very good lesson from cryptoarket is that, do not make decesions quickly that mighy lead you to bankcruptcy. If you going to invest do some research thoroughly, know the coin if you find it good invest it without fear.
Personally one of the lessons I learnt about cryptomarket is that its a long term investment I never regard it as a short term investment and always take some profits at the appropriate period when the price reached high and avoid greediness, another lesson is that whenever the price dumps it is the most appropriate period to buy, accumulate and hodl obviously the price will recover and pump this had been the case with bitcoin on several occasions as you rightly said fears and emotions had been a major factor in decision making when it comes to cryptomarkets.
The lessons referred to by the OP may be more into the trading category. If our main goal is an investment in bitcoin, then the price volatility that has occurred so far will not be a big problem. Investment is an activity of placing funds in productive assets in the hope of getting a return on the growth of the value of the asset, within a certain period of time. Investment is passive where we cannot control profits or losses in a certain period. While trading is buying and selling activities that are carried out to obtain profits in a certain period. Trading is active where we determine the profit or loss that we will get. This is where there is "fear" and "greed" as stated by the OP.
Bitcoin price movements always go up and down every time, but if you see price trends in the long run, the price always goes up. I myself consider bitcoin as a long-term investment so I am not too affected by the price movements of bitcoin.
Bitcoin price movements always go up and down every time, but if you see price trends in the long run, the price always goes up. I myself consider bitcoin as a long-term investment so I am not too affected by the price movements of bitcoin.
What I learned out of crypto market is never to be much greedy.
This is really true, with too much greed, it will be hard for us to be satisfied and we might end up losing.
It's a bad attitude that every trader and investors has to control, greed would not give us a realistic approach as we will be making decisions based on our emotion, which I think not good if you are investing in a risky market of crypto.
A very good lesson from cryptoarket is that, do not make decesions quickly that mighy lead you to bankcruptcy. If you going to invest do some research thoroughly, know the coin if you find it good invest it without fear.
As newbie stiil don't have knowledge about cryptocurrency, they came as trader valas or stock then say it same situation like they invested before. Then Boom dumping price and panic selling, fear coming first time they investing.
A very good lesson from cryptoarket is that, do not make decesions quickly that mighy lead you to bankcruptcy. If you going to invest do some research thoroughly, know the coin if you find it good invest it without fear.
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?
My first transaction failed like that. Because I was greedy and also didn't want to suffer losses in the first transaction, I tried to hold and now my assets were divided 10 times. This really embarrassed me because I didn't really have the experience and didn't want to fail.+ 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 $4k.
So, we need to set up your expected profit point as well as the stoploss point.
How about you, what is your lesson?
But professional traders need to be awake and have to change their plans in every variation. not being greedy and disciplined when working, that's the lesson I learned.
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Same lesson with you, i really loss a lot of money in rebel token. My greed brings nothing to me, waiting and waiting to earn more profit until the days comes market goes crash and i cant sell the token right away. Then now no profit at all, this is my unforgotten memory, i really did learn that dont push more profit. Sell when pump and buy when dump. Dont just sit like statue, open eyes whenever need to sell and buy
OMG man , your experience same as me , i just got rebel token for 2 years before and get huge token of it , im just waiting for token changing into blockchain and its was delayed for 1 years , from estimate 1k$ to 30$ rightnow
Be patient. If you believe the project is really good to grow, then you should hold the tokens and no matter if it needs a long time, in the future, you will make a big profit. I think many people still waiting as you because they are sure that the project continues and that will be different if the devs and the team have abandoned the project and they are run away from the project.
Honestly i also think that it’s important to set up a specific price for your expecting profits. I mean, taking the profit to make it “real” is important sometimes. Nobody wants to lose when they’re waiting for more profits. If you don’t know your own goal, it means you also don’t know where to stop, you don’t know what you want, you don’t know your next move..
For me, i suffered from panic selling for long time ago, and i think i got my lesson from it.
For me, i suffered from panic selling for long time ago, and i think i got my lesson from it.
Same lesson with you, i really loss a lot of money in rebel token. My greed brings nothing to me, waiting and waiting to earn more profit until the days comes market goes crash and i cant sell the token right away. Then now no profit at all, this is my unforgotten memory, i really did learn that dont push more profit. Sell when pump and buy when dump. Dont just sit like statue, open eyes whenever need to sell and buy
OMG man , your experience same as me , i just got rebel token for 2 years before and get huge token of it , im just waiting for token changing into blockchain and its was delayed for 1 years , from estimate 1k$ to 30$ rightnow
If you are a beginner in cryptocurrency and excited to earn a profit soon, greed will eventually overtakes you and if uncontrolled, will lead you to losses and disappointment. I had also my own lessons in the past, luckily, I listened to the advice of an experienced trader and avoided the fate that happened to other neophyte traders and investors. Lessons are very valuable to those who want to become successful in the world of cryptocurrency, whether it is in investing or trading. Greed and fear are enemies that should be avoided by those who want to try cryptocurrencies.
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?
For me , yes emotion is a very huge part of trading, that sometimes you becoming greedy if you seeing you money continuously growing that you don't want to pull out some profit and when it comes to dropping value you become scared that you will lose everything that you’re investing and you feel that you can't recover your lost.
I learned that losing is normal in this market because the price movement is really unpredictable that it cannot be called a greediness as it is not wrong for us to aim for a big profits to gained for our future as long as we do it legally and did not cheat anyone.
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?
The truth is that this is a lot easier said than done. I have been here for a while and I am still grappling with this greed and fear in me. To those who have gone past this round in their crypto life, I am very happy for you all. As for me, I have yet to win this battle in me. The moment BTC rises, my limit also rises. When I set as a limit $10,000 and BTC hit it, I would set my sell limit to $11,000, and when BTC surpassed that, my sell limit would also go higher.
My lesson is very simple. Crypto sphere is a literally some sort of a cemetery of hopes and a monument of human greed.
Yes, greed is something that is often experienced by us and by continuing to do so the experience will also increase and of course it is a very valuable learning for our future. I personally only make conclusions all of them need patience to achieve a good final goal even though patience requires a long time.
From latest crypto bearish trend i can learn that we must be patient whenever want enter to the market, then we must know the target that will be reached. Many people still stay with their hope technical to make profit. Always remember that market can give us surprise even without high news effect.
What is life can be learned through crypto market. In simple terms nothing belongs to us, that is how cryptocurrency is all about everything is virtual. We trust and value it, and we invest and expect good profit through the same. Through the bull market I became a rich person and soon when market turns I became a poor. This way I realized and learned life through crypto market.
I have learnt that to be successful in this market one needs to have a lot of patience....while studying the market movement to know when it's best to enter or exist a trade in order to avoid available losses.
I also have learnt never to be greedy.... learnt this in a hard way.
I also have learnt never to be greedy.... learnt this in a hard way.
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