Of course, each of us strives to deal with those coins that are fully familiar to us. Studying the graph of growth and price fall provides a real opportunity to get good results from trading. Agree that new coins carry a big risk because they need to study and analyze the available information in order to draw concrete conclusions.
The key is learning and learning, because no matter how much we analyze, without the help of the right information, we can make the wrong decision. loss or profit? regret has come later, so we must be ready with a sincere heart, whatever will be the result of the buy / sell decision 
Topic: Lessons from the fullest dip - page 2. (Read 2626 times)
Extraordinary advice, remember to always take profits when you can, this market is truly unstable and unpredictable. Who might have realized that the plunge would be so awful, there are significantly more clients currently so demand should be higher
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
I would say these points described many categories of people, that is, those who loves a coin, those who follows hype, those who are greedy and so on. Looking at number 4, this has been the bane of many people in this crypto space, where once they see a project with hype, they don't care again to do the right things such as studying the project, but they just jump in with just one mindset, to make profit or quick money, and in many cases they ended up losing their money. Number 3 and 5, I think they goes together, one needs to take profit as at when due while also bearing in mind that, the crypto space is unpredictable and volatile hence in a coin, there must be price correction and so on. Being greedy is another which should be fought off, as it has caused more harm than good.
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
Good points IMO but I'm still not going to accept getting rid of hypes, following hypes have net me good profits before and I've learnt that hypes are of different types, hype from a high quality project is real, take it or leave it, there is a big difference between hypes from a pump and dump project and hypes from a high quality project, learn to understand that they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
This is a good advice but nevertheless against the rules of HODLERS I don't think people will apply to the top coins in the market. I for one is a hodler and I love to HODL the top coins in the market like Ethereum and Bitcoin and will always not tempted to sell even if there are profit, we are looking for long term profit.
What are you looking for in the long term? doesn't everyone here want to make a profit? and if the existing benefits are still ignored, I think you are a little greedy in this matter, and what the OP said I don't think is against the rules of HODLERS, because HODLERS is a wish from someone's heart, while what the OP delivered is a warning that good for everyone. The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
There is a catch here and I like it, what goes up must come down, that's a certainty in crypto space and I've come to realize that bear markets always stay around for a longer time, months and years but not bull market, the longest bull market since 2010 stays around for weeks to two and half months, that's it, so I don't know why people grow the confidence of holding their coins while price are pumping. they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
Some of the points that you give often occur when we trade and get losses because we only focus on favorite coins so often I get stuck with falling prices when a purchase occurs, but with that lesson now so I can take a better attitude which is always profitable even a little but continuously.
Most important thing a trader should not joke with is risk management and discipline. If you are mindful of risk management, you will always set stop loss for instance and also you won't put so much on any coin no matter the hype around it. Putting a lot in a coin makes one to be extremely emotional and make wrong decisions. The lessons given by OP in general are top notch.
I agree with you but not condemning putting a lot in a coin. It works for some people and some projects. It's just more risky.
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
This is a good advice but nevertheless against the rules of HODLERS I don't think people will apply to the top coins in the market. I for one is a hodler and I love to HODL the top coins in the market like Ethereum and Bitcoin and will always not tempted to sell even if there are profit, we are looking for long term profit.
Holders have no time limit for selling, indeed the word holder means a lot when they sell, b
ecause Holders will sell their assets for a long time when someone believes in a 10x or 100x increase, and holders are them.
Of course a holder must be wise, otherwise they will become a holder who will suffer
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
This is a good advice but nevertheless against the rules of HODLERS I don't think people will apply to the top coins in the market. I for one is a hodler and I love to HODL the top coins in the market like Ethereum and Bitcoin and will always not tempted to sell even if there are profit, we are looking for long term profit.
Never to love a coin, I do agree with this statement because no coin exactly will give you guarantee profits, even top coin like bitcoin and Ethereum, etc. All are fluctuating and will pump and dump when the time comes. So your focus in cryptocurrency for taking profits, not only on a coin but on every coin as much as you can
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
I want to set this just as a timely reminder; that can be applicable as we approach another end of the year price movements. Ofcourse 2018 is different from 2020; but crypto currency and the blockchain remains the same. From 1 - 5, do you think anything has changed so far? or do you have additions? Do inform.
The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
i agree thats what i also learn during those crash in short term tradingthey will learn the following
1. Never to love a coin
2. Never to be greedy
3. To cashout on profit always
4. To stop following hype
5. To know that what goes up must come down etc
but its not suitable for every coin if you are planning to hold it for long term
Of course, each of us strives to deal with those coins that are fully familiar to us. Studying the graph of growth and price fall provides a real opportunity to get good results from trading. Agree that new coins carry a big risk because they need to study and analyze the available information in order to draw concrete conclusions.
Some of the points that you give often occur when we trade and get losses because we only focus on favorite coins so often I get stuck with falling prices when a purchase occurs, but with that lesson now so I can take a better attitude which is always profitable even a little but continuously.
The hardest thing is not to be greedy and kill yourself torment about what you have not done. And never consider a virtual profit that you have not yet recorded. Everything can be lost in an instant.
One thing I learned from books about economics is that they always teach that one should not be greedy and want to take profits at the highest price. Take profits early, earn interest rather than lose
I'll tell you guys that greed is not always the most terrible feeling. Because it is greed that pushes us to new actions and to new risks in order to earn even more.
The hardest thing is not to be greedy and kill yourself torment about what you have not done. And never consider a virtual profit that you have not yet recorded. Everything can be lost in an instant.
One thing I learned from books about economics is that they always teach that one should not be greedy and want to take profits at the highest price. Take profits early, earn interest rather than lose
The hardest thing is not to be greedy and kill yourself torment about what you have not done. And never consider a virtual profit that you have not yet recorded. Everything can be lost in an instant.
I agree that never be greedy, and if possible people should always sell when they see a ATH of some altcoins because i made this mistake and now i don't know if one of altcoin i grow will have that ATH again.
Basically, the tips you give are helpful. But they are more suitable for short-term investments. When working with long-term investments, the nuances of work change significantly. But in any case, you need to be especially careful about the choice of a suitable project, to ensure the real potential of its development.
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