Lessons from the fullest dip - page 10.

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: DenysM on December 12, 2018, 03:50:01 PM

Many have lost their money because they have kept their Altcoins for too long. Most Altcoin fell in 20-30 times. You can not HODL Altcoin, only Bitcoin.

Probably, you are right, but no one could ever expect that altcoins could lose a lot - everything seemed so attractive and wonderful (I mean the market situation). As for Bitcoin, it is the best crypto for long-term trading or holding.

cichaescut

copper member

Activity: 266

Merit: 0

SYNCHROBIT

You should always be sure in coins in what you are putting your money in and never to forget to diversify your funds. Otherwise you will lose a lot of money if you would miss these steps by your investment decisions.

ellensmith025

member

Activity: 392

Merit: 10

The problem of modern humanity is the pursuit of fast and easy money. And then the forum is teeming with people who cry about their losses. It's funny when a person who does not have knowledge in investments tries to seem like a specialist.
My advice to you before you get into investments is to first acquire knowledge or entrust your finances to specialists.

ven7net

full member

Activity: 1946

Merit: 112

It seems to me often hard to resist the temptation and knowledge of the rules does not always mean the use of the same knowledge. Human psychology is such that when a person sees good luck, he often forgets about the rules and acts unconsciously. I am sure that many who fell into a situation of euphoria forgot about the rules and acted from the point of view of the player and not the investor. Yes, the rules are nice, but you need to force yourself to stick with them and not to violate them. But agree when you enter the Azarat, it is hard to fight and not break these rules!

kerzhake

jr. member

Activity: 182

Merit: 1

This is a very good stage for the cryptocurrency market because so many good things are happening at this time.

den11111

member

Activity: 246

Merit: 10

I agree with your 1st score, there is a saying "Do not put all the eggs in one basket." Investing in a currency can be profitable, but with so much risk, you can buy bad money and lose everything.

fedben

jr. member

Activity: 230

Merit: 2

XCRYPT

These are some very nice tips which I'd been using since I started being a cryptocurrency trader. I'm sure this will help those newbies in cryptocurrency. We all need to understand about the fact that everything is all about risk.

makadaka

jr. member

Activity: 154

Merit: 1

These are great tips that will help all beginners in the future cryptocurrency market very well.

chokomenia

member

Activity: 364

Merit: 10

take & Vote or Become a IoTeX Delegate!

One of the biggest thing i have learn during this dip and bear market is to always take profit when things are going up, when things are going up, i was not taking profit, that's the lesson i have learn

lifesgood10

member

Activity: 378

Merit: 13

Quote from: heritage35 on December 17, 2018, 05:27:57 PM

What is of concern sometimes is that, despite all that has happened this year, some people are still making some mistakes ought not to most be made.

Looking at some exchanged, i could still see some people investing on shit coins and yet losing out and yet there are better coins to invest on.

I think that’s why nothing can be done about personal and individuals opinion
I cannot convince anyone to make the right choices for themselves

Anyone that doesn’t learn from the realities of crypto currency is on his or her own

heritage35

member

Activity: 462

Merit: 13

What is of concern sometimes is that, despite all that has happened this year, some people are still making some mistakes ought not to most be made.

Looking at some exchanged, i could still see some people investing on shit coins and yet losing out and yet there are better coins to invest on.

Umuoji

jr. member

Activity: 188

Merit: 1

The lessons I have learn in this dip is that I should never invest all I have on crypto and also i learnt to be patient, instead of selling at a loss I hold until the price improves.

Barinerro

jr. member

Activity: 182

Merit: 1

Justice as a Service Infrastructure

Few people learn in the market, not to be greedy and other rules, I think there is not enough financial education in people, and little study technical analysis

Esterklu

member

Activity: 728

Merit: 10

Yes, this lessons are very important. But i am not fully agree with third rule. Not all profits has to be cashout, i am always leaving some part as my 'moonbag'.

Invigorated

jr. member

Activity: 266

Merit: 2

I believe this post referred to me... Lol. I have learnt a great deal from this dip albeit in a sad way. I will pick out the points about being greedy and loving a coin. These have been my qualities and I have been left to regret my chances countless number of times considering that, I hold on to tokens for far too long forgetting that this market is full of uncertainties. I have been left with losses due to the fact that, I refuse to take profits when I ought to and most times, these decisions come back to hurt me as a result of the tokens or coins dipping uncontrollably, failing to rise after such falls. Regrettably, I miss out on selling for decent profits in the process. This dip has been my recognition and never again will I be left exposed and hurt after this. I have learnt my lessons...

gulshan1

full member

Activity: 630

Merit: 100

Whales always wait for biggest dip in the crypto and sell on the highest price which is the best system for great earning. It means that always buy from low and sell on targeted high price.

automail

full member

Activity: 504

Merit: 106

🚀🚀 ATHERO.IO 🚀🚀

I specifically agree on cashing out to earn profit. I always have the tendency to buy different coins once I earned. I immediately cashout and use the money for something that is not crypto. No need to be greedy and be content on what you have earned. Hodling is clearly not the best thing to do on a bear market. There is no problem with aiming for pumps but we also need to be realistic.

other_side

full member

Activity: 285

Merit: 100

Quote from: ajdaj on December 17, 2018, 02:13:29 PM

Quote from: Accts4u2 on December 07, 2018, 03:15:13 PM

The best lessons that I have seen from this dip is the fact that you have to be ready for anything when it comes to the cryptocurrency industry as the coins can drop at anytime and there is nothing that anyone can do about it. Also it has thought me that you have to know when it is time to actually cut your losses and get out of the market

It seems to me that in any case, all the results of the cryptocurrency summoner during the fall will depend only on the real financial condition of the person. If he has other sources of income, then all investments in cryptocurrency can be left for a long time, of course, if your assets are in sufficiently attractive projects.

Although he has some income from other jobs. But if he risked bringing all the money he had to invest. He will still be influenced by press releases or negative comments as the market is discounting

oudekaas

full member

Activity: 350

Merit: 100

As for me, I didn't make any mistakes. I bought bitcon in 2016 and now I'm still have big profit. Only investors from 2017 are nervous now. But I didn't sell on the top, maybe it would be better to sell next time

anjho.ace

full member

Activity: 371

Merit: 100

Cash in the right time to gain the best profit.
Never hold 100% of your tokens and learn how to play in the market.
DEEPEST SEA (MARKET) always have the best treasure to found. buy more at deep and have more golds and diamonds in the future.

Topic: Lessons from the fullest dip - page 10. (Read 2569 times)