LESSONS FROM CRYPTO MARKET - page 8.

AniviaBtc

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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 lessons that i learned from crypto market is never be scared whenever the price will start to decrease for me not to have any regrets and do not expect a huge profit after recieving the tokens in the bounty campaign because most of it don't have any good price.

rhyajelle

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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?

You are 100% very correct in this matter.
I myself experienced it many times, it was very difficult to get rid of greed in the crypto world I thought.
we are always made to want to always get more and more.

Natalim

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Quote from: LUCKMCFLY on March 03, 2019, 01:25:35 PM

Quote from: incomefromcoins on March 03, 2019, 10:19:48 AM

one of the most important lessons for the crypto market is nt to invest at the time of fomo investing in fomo will put us in long term holding because of the price pump

You have to know at what time of the market to invest, because if you decide to invest in a phase of uptrend, your investment will fall, however, we are in a phase of the market where investing is the best way, since it is the phase that we indicates that bitcoin is cheaper, when the bitcoin starts to rise many will invest although it will be more expensive than now, but all this is psychological.

Timing is very important, you will do it at the right timing if you will analyze the market movement carefully.

Our analysis is our main weapon to be successful, and since we all want to succeed, we should not be an lazy investor.
This market is always been very unpredictable, the risk is high so we have to make a strategy that would fit in this market, I am currently amaze by
a lot of information we can get in the community, we can use this as a tool also in making a decision.

For me, I have decided to just hold calm and let the market stretch a big and wait until it's really for uptrend.

futile-resistance

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Cryptocurrency aside, greed and fear are two bad things and one should do their best to take these two devours out of their life, cause if you don’t, it’s going to destroy you. Greediness is a very bad thing, sometimes it might cause you any harm, but it will cause to other around you.

Take for example, those that likes to pump and dump cryptocurrency, that is an act of greediness and what they are doing is hurting others and destroying the cryptocurrency community.

boris singer

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Quote from: Nasty23 on March 03, 2019, 09:30:39 AM

Quote from: entebah on March 03, 2019, 03:23:08 AM

The lessons from the Crypto market taught me not to be greedy in taking advantage, because greed was the beginning of defeat in the world of Crypto trading, I had experienced it myself. so I want to learn not to get greedy from the Crypto market.

I also learned that avoid being greedy because in that way I can grab all the opportunity to earn a profit and helping me to avoid setting a higher goals on which can give me a big loss when I expected on it.

usually there is one momentum for each special pump and it must be analyzed correctly, many traders take this opportunity with maximum capital, and this is not classified as greed, I understand this after much chatting with them because market conditions also get good short-term reactions to profit target.

LUCKMCFLY

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Quote from: incomefromcoins on March 03, 2019, 10:19:48 AM

one of the most important lessons for the crypto market is nt to invest at the time of fomo investing in fomo will put us in long term holding because of the price pump

You have to know at what time of the market to invest, because if you decide to invest in a phase of uptrend, your investment will fall, however, we are in a phase of the market where investing is the best way, since it is the phase that we indicates that bitcoin is cheaper, when the bitcoin starts to rise many will invest although it will be more expensive than now, but all this is psychological.

incomefromcoins

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one of the most important lessons for the crypto market is nt to invest at the time of fomo investing in fomo will put us in long term holding because of the price pump

Nasty23

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Quote from: entebah on March 03, 2019, 03:23:08 AM

The lessons from the Crypto market taught me not to be greedy in taking advantage, because greed was the beginning of defeat in the world of Crypto trading, I had experienced it myself. so I want to learn not to get greedy from the Crypto market.

I also learned that avoid being greedy because in that way I can grab all the opportunity to earn a profit and helping me to avoid setting a higher goals on which can give me a big loss when I expected on it.

Apes

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it looks like your teacher gives us a point. sometimes we miss situations where we get profits but because of greedyness . and we lossing the profit. I have often had an experienced such that situations. when investment is good and generate profits. but because of greed I would rather delay to take advantage until the profit vanished because the momentum had passed. Suggestions for choosing peak points as profit values I think I agree with it.

Question123

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Every situation here at cryptomarket possible for us is to leanr from it. Being greedy is not good bur maybe they want more profit but instead of getting more profit they lost their money but not all only some. Im greedy too last few 2 years ago but Im learned from my mistake better to settle a plan for your goal which is not high and which is not low also. Fear is always there when the market dump that emotions is normal but better to be calm when market dump.

entebah

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The lessons from the Crypto market taught me not to be greedy in taking advantage, because greed was the beginning of defeat in the world of Crypto trading, I had experienced it myself. so I want to learn not to get greedy from the Crypto market.

Tungsten-1

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Quote from: yslyv on March 01, 2019, 09:39:48 AM

i dont think that lessons are so useful in crypto market. because i know that the experienced traders couldnt earn enough money during last bullish because of their bad experiences. but some newbies could make very good money.

It is not like this, as there are many things we are learning from crypto currency as we got to know better time management and we learn how to use our time constructively by joining bounty and signature campaign, market when get to bearish trend then it teaches me how t o keep patience even at worst situation.

iMark

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Quote from: arwani1985 on March 02, 2019, 01:04:23 AM

Experience, knowledge and benefits will also be obtained from the cryptocurrency market and also benefit from material aspects because we will get money from the cryptocurrency market by following the work here

Do not forget the risk of loss, from cryptocurrency we also know about not giving up, accepting gracefully, and of course patience. I become more patient because crypto you know? prices sometimes need time to go back up, and that patience that I can implement into my life

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Quote from: mangsitin on March 02, 2019, 03:01:55 AM

The Crypto market currently teaches me how meaningful gratitude is, I am very greedy when I trade Bitcoin, so there is a big loss due to greed, when I get a big profit I have to stop trading again. and wait for the price to drop back.

We are in the same boat, at first im so greedy to take profit thus I am aiming for more earnings and didnt appreciate whats on the table.

Those experiences taught me so much that help me to become better investor/trader presently.

As of now I have this strategy that I can use for long term to somehow earn huge in time. I learned to be more patient and thankful.

pieppiep

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Quote from: mangsitin on March 02, 2019, 03:01:55 AM

The Crypto market currently teaches me how meaningful gratitude is, I am very greedy when I trade Bitcoin, so there is a big loss due to greed, when I get a big profit I have to stop trading again. and wait for the price to drop back.

when you are trading I suggest you do not be greedy, take enough profit to keep a safe distance, because if you try to take a lot of profit then it will give you a risk that allows you to get stuck at high prices.

CryptoCounselor

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Quote from: mangsitin on March 02, 2019, 03:01:55 AM

The Crypto market currently teaches me how meaningful gratitude is, I am very greedy when I trade Bitcoin, so there is a big loss due to greed, when I get a big profit I have to stop trading again. and wait for the price to drop back.

We cannot blame anyone to act like you since most all of us came to that point and think that there are other pump will come, and the only thing we can do for now is to cheer up and look for another opportunity to come and let this lesson as remindet to us so that on next time we learn to safe our profit and roll again.

icecube45

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Yes, I agree with what you say. If I am, the lesson I get from the crypto market is patience. Because in crypto we are required to be patient in facing price fluctuations. Crypto has very high price fluctuations so prices can go up and down anytime and in large quantities. So that fluctuations will occur suddenly especially if the price drops suddenly and in large quantities like now, would be shocked. Especially if it lasts for a longer time, many people will be impatient waiting for the price increase and then make a mistake by selling. This is a big mistake that traders often make. I have done this before, so I learned from my mistakes to always be patient in facing crypto conditions that can occur suddenly, especially when prices fall.

mangsitin

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The Crypto market currently teaches me how meaningful gratitude is, I am very greedy when I trade Bitcoin, so there is a big loss due to greed, when I get a big profit I have to stop trading again. and wait for the price to drop back.

Kelvinid

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Quote from: Polar91 on March 02, 2019, 01:48:36 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?

I learned that there is no expert in cryptocurrency when it comes to prediction of its value. Thus, I was able to secure my investment to ensure that I won't lose too much of money.

We are so much with the speculations and even are too optimistic for the incoming. Realizing how volatile we are, it definitely we can't be assured of anything in the future. If we are in trading or even just a holder, it is better to engaged into short term investment cause we can eventually join the flows and can monitor the value of our coins. It is seems to be more profitable, and every pumps is a chance to make gains.

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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 learned that there is no expert in cryptocurrency when it comes to prediction of its value. Thus, I was able to secure my investment to ensure that I won't lose too much of money.

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