Lessons from the fullest dip - page 7.

TheAndy500

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Quote from: cytpoway121 on November 20, 2018, 06:11:03 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

It is difficult to disagree with these conclusions.However, some details are missing that are very important. For example, determining in advance which profit is enough to sell? If we do not plan it before, greed can easily blind us.

manfredmann

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Quote from: Alucard2425 on January 20, 2019, 03:45:47 AM

I think its better to make a target price so you can disposed your token as fast as you can and dont expect too much on what you are holding and lastly dont be so greedy this this what I've learned in the month's of bear month's

it will depend on the exchanges to where some offer direct conversion of fiat to crypto. In that case you can directly earn cash everytime market price pump. Yet, this is not really the feature of cryptocurrency exchange so wether we like it or not we will just going to hold our crypto until a huge market price increase so that one can earn. But, with slight market price volatility with ups and down then only local exchange will going to earn with high transaction fee.

BennyK

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Quote from: superscommessebitcoin on January 13, 2019, 03:47:49 PM

I think such a long dive has already made everyone draw the necessary conclusions. I like cryptocurrencies, but still in my understanding they are only a tool for earning.

Every crypto user or investor who experienced the long bear market has learned one or two lessons. One of the great lessons that must be recognized and learned is the prevention of FUD. The market went down further because of the FUD that was created by some people because they thought the market was collapsing and in view of that began to spread that false thoughts to others.

Dreamchaser21

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Quote from: superscommessebitcoin on January 13, 2019, 03:47:49 PM

I think such a long dive has already made everyone draw the necessary conclusions. I like cryptocurrencies, but still in my understanding they are only a tool for earning.

I hope so, people should learn from all the dumps in this market and never get too attached from it and set target price instead. Right now people see cryptocurrency as an investment tool, but hopefully in the future it will be more on using the blockchain system which offer a good one to all of us.

supine

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I certainly agree with you. It is important that we'll know how to handle both our emotions and that we should be able to handle our emotions towards the market. Once we hold a certain coin, we should not put too much emotions to it but rather learn how to let go when needed. Also, we should know when to hold and when to buy and we should not expect too much from it.

Genemind

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Quote from: cytpoway121 on November 20, 2018, 06:11:03 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 agree with this. I learned a lot of things about cryptocurrency last year. Since I started focusing on crypto last bull-market, I thought that there's no way for the market to go down and that it will keep growing as time goes by. It's really devastating since I lost a lot of opportunity and money last year, but atleast I have learned this.

Taner

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The most important lesson from the fullest dip - non-professionals should not get into the sphere of trading and investment, it can be a collapse for them. Unfortunately, this will not stop anyone, as many people are very greedy.

OluwaTosin10

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Quote from: cytpoway121 on November 20, 2018, 06:11:03 AM

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

3. To cashout on profit always

Your number 3 is Avery fantastic approach
And for such a bearish start to 2019, it is best to always cash out when in profits
Don’t second guess or have doubts

Don’t risk the second

bitcoinmar

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The lesson I realized was a lot, but I want to say quickly that the biggest lesson is to never regret the past. Be prepared to never see that again

Aiberg

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I also learnt that it is never a good idea to hold a token you do not believe in while it is advisable to trade the good coin you have instead of jutmst keeping it in a wallet, you trade and increase it

sssergy

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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.

zauna35

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in principle, I agree with you, the only point that I still cannot do is: "never love a coin") unfortunately I become attached to coins and I love them, I love and cherish) it happens that the coin is unremarkable , and I buy it and buy it, I save it ... why? I don `t know ... inner feeling suggests, as a rule, then the coin reciprocates and we fly with it to the moon Grin

and on the rest of the items I agree with you

Alucard2425

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I think its better to make a target price so you can disposed your token as fast as you can and dont expect too much on what you are holding and lastly dont be so greedy this this what I've learned in the month's of bear month's

Spaffin

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Quote from: Mabinat on November 20, 2018, 03:48:25 PM

I have been on the cryptocurrency market for more than 2 years and I can tell you that you always need to fix your profits, since then you can sit in the red for a very long time

From this long period of decline and stagnation in the cryptocurrency market, I think many have already learned the lesson that you need to periodically record your profits, and not just expect the coin or token to take off to very large price values. After all, this can not wait. It is for this reason that I think that perhaps there will not be such big price rises, the holders of cryptocurrency will have to drop their coins with their good growth and they will always fall in price in this connection. There comes a period of greater stabilization of prices than before.

kuverty

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We need to stop relying on 3rd parties to think for us and make up our minds and take ownership for our actions. Yes it may be an expensive lesson to learn but one I think many need to learn.

bitkanu

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Quote from: doycku on January 18, 2019, 12:05:32 PM

Quote from: Galantin on January 18, 2019, 10:53:56 AM

Well, here you can write entire books on this issue, but we will not find the answers to it. How to protect yourself from a stupid decision there is no answer to this question. It seems to me.

I completely agree with you that the history of the development of the cryptocurrency video market is quite a lot of negative consequences of rash actions of users. In any case, I believe that more failure came primarily due to lack of experience.

What's the relationship with the video market? i can't even get your opinion dude. Prepare your money when it was dipping and buyback. those ethereum dippers have created more than 100 percents last month. the fail will come when there's someone who has not a lot of knowledge about crypto.

kikoy999

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Quote from: cytpoway121 on November 20, 2018, 06:11:03 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

Very nice advice for those people are greedy and don't cashout on profit always these methods is very important if you want to earn and not to loss your money and profit before investing in all altcoins.

Gabali126

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Quote from: cytpoway121 on November 20, 2018, 06:11:03 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

Some people are usually sentimental about a coin. Even when the price appears to be dwindling, they will still keep holding and believing in that coin.

masterrex

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Quote from: cytpoway121 on November 20, 2018, 06:11:03 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

Great experience and insight! Thats how crypto-currency works but you can counter it by simply doing some Intiligence like you mention on your thread. I hope that most of the people involve in Crypto-currency is used these kind of method to avoid or minimized future losses.

Cryptrx

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You made valid points. I'm also a victim of most of the points, I regret hodling some coins blindly even when they were seriously falling, I should have cut my losses but instead I felt hodling is better and now I've lost a considerable amount.

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