Lessons from the fullest dip - page 6.

Fredomago

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Leading Crypto Sports Betting & Casino Platform

Quote from: bananaunana on January 30, 2019, 09:23:05 PM

Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following

--

Yeah, good points here, but I'm sure many will do exactly the sames mistakes again when things will happen same way. It's all about greed and when you have an opportunity to make more and more money it's getting very difficult for some peeps to control theirselves - and finally result in a loss..

If this emotion conquer your minds for sure the outcome result will be the same, greed always play the negative side of investors and traders,
even they've already plans and guidelines this particular attitude can't be control in the time that it should be overtaken, this hardship challenge
should be eliminate while you are still inside this market.

bountylayomi

copper member

Activity: 234

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All what is being said here is actually true. Greed is what make many of us to lose. One will not be willing to sell a coin or token at little profit but wanting massive profits and before you know it the price dump on someone, I am a victim of this, hoping to be perfect someday.

investorss

newbie

Activity: 66

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These are very good rules, although it sometimes happens that it seems that yes, I understood everything, I will now act correctly, and then once, and break down, because you cannot control emotions normally)

bananaunana

member

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Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

The crash will teach alot of people a bitter lesson and they will learn from it,
they will learn the following

--

Yeah, good points here, but I'm sure many will do exactly the sames mistakes again when things will happen same way. It's all about greed and when you have an opportunity to make more and more money it's getting very difficult for some peeps to control theirselves - and finally result in a loss..

Emilyp

member

Activity: 546

Merit: 10

A major lesson I learnt from the dip is that no one actually knows the bottom, it's all about speculation. Then I also learnt that hodling isn't the most profitable in the short run.

tracyhayley

full member

Activity: 652

Merit: 103

Never to be greedy, exactly. i've got 60% loss on altcoins in last year because i was too greedy. i always keep doing trade even i've gained a lot of profit and i didn't cash out immedeately. i used my profit to trade another altcoins, till i got a big loss.

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: Darklinkz on January 25, 2019, 12:05:33 AM

Don't ever hesitate to sell more than 80% of your portfolio when it's clearly a bear market. If only I knew this much earlier then I would not see my coins losing 100x from its all time high and the stress that it gave me for many months.

Selling 80% off at the start of a bear market is not good for investment, why not sell at the pump? Why hold so much beyond the breaking limits of the token.
But we learn daily and can be better each day.

Maamejane

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Decentralized Continuous Audit& Reporting Protocol

I think you are right we have to learn much from the current situation. This is because any time there is a bullrun, a dip is likely to follow so lets always play our part well in order not to make same or similar mistakes.

shamc

copper member

Activity: 336

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Supporting a coin if you truly believe in it is not a bad thing, unless you are really in it purely for the money. Supporting a coin makes trading interesting, kind of like supporting a football team even though it will lead to a loss of funds

cryptobae10

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Activity: 658

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Quote from: johnleo on November 20, 2018, 12:39:09 PM

Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

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 only agree with point 5 Grin

.
Point 1 when you think specific coin is good you should love it, buy every time you have money.
Point 2 I think in trading greed is good, if you are not greed enough a bit hard to be rich.
Point 3 Never cashout before you think its price in good price
Point 4 Must following hype then using point 5 before decide to sell or buy.

Lol
Your points doesn’t work in a bearish market
1. If you buy everything you have money how do you make profits ?

Ifgreed is good, then buying cheaper is better

3. If you don’t cash out on the high, when will you cash it ?

If you follow hype ? When do you sell the news ?

Skroojee

member

Activity: 434

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The main rule in trading or long-term investment is to buy cheap and sell expensive. If you have already made a good profit, and in spite of the situation you want to wait until you get even more profit, it's worth considering!

mastersay

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Activity: 322

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Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

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

The part that I always wanted but I never did was to cashout always even only if we earned a small point of profit. Because at that time I am full greed on the tokens that I have and forget what I want, it is the profit.

Darklinkz

full member

Activity: 448

Merit: 100

Don't ever hesitate to sell more than 80% of your portfolio when it's clearly a bear market. If only I knew this much earlier then I would not see my coins losing 100x from its all time high and the stress that it gave me for many months.

Amalker

sr. member

Activity: 826

Merit: 250

Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

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

Totally agree, very right conclusions. Especially #3. Always need to fix the profits in fiat.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: sssergy on January 20, 2019, 03:04:27 AM

Another thing I learn from this market without this 5 lessons. I learn don't wait for right moment, every time try create a moment and don't wait for luck but 1 is good Never too love a coin.

Hodling doesn't have same meaning with falling the love with specific coin. Right moments exist and these moments appear randomly in market.The rest is depend on trader's ability to be able catch it.

sham100899

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https://bizzilions.com/?ref=sham100899

Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

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

always exchange your coins right away if you think you can profit a lot from it, dont become greedy as greediness in the world of crypto is a losing battle and always keep it in your mind that cryprocurrencies were so volatile, prices always change in a second and sometimes prices falls or rise a lot in just an hour.

Pasaway2701

full member

Activity: 479

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Quote from: sssergy on January 20, 2019, 03:04:27 AM

Another thing I learn from this market without this 5 lessons. I learn don't wait for right moment, every time try create a moment and don't wait for luck but 1 is good Never too love a coin.

That is right. Do not wait right moment but know how much you are longing because you would waste your time waiting while you could gain even on the price it has is not lower than other expected. It is how you play with it carefully because luck is always there but do not abuse it and know your limit always.

Chomsy

copper member

Activity: 364

Merit: 1

Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

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

What a nice post.. Very direct and straight. People need to really wake up to the realities of cryptocurrency. Sell when you see profit and move on. Hold a coin only when you see great potentials in it not because you like the team members or sort. A word is enough for the wise.

lifesgood10

member

Activity: 378

Merit: 13

Quote from: cytpoway121 on November 20, 2018, 05:11:03 AM

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 have no doubts about the positivity of this post, and as 2019 has turned out, we must ensure not to follow the hype.

alot of people invested in etherum due to the etherum hardwork, supposed to start up soonest, but it was postponed and there was a bearish market, lets all be vigilant.

Uju4real

copper member

Activity: 349

Merit: 0

📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

To always take profit when you can, I think this a perfect advice and personally it has really helped me during this dip cos I would have been at a great loss if I didn't take the profits when I did

Topic: Lessons from the fullest dip - page 6. (Read 2626 times)