Topic: My Bitcoin and crypto currency experience. (Read 361 times)

And if you still want to trade bitcoins on a centralized exchange, you must be prepared with all applicable conditions and you are required to submit documents so that your account is verified and there will be no problems with you later. P2P exchange is an option for those who don't want to verify by sending documents. But for now, people still prefer to use centralized exchanges even though they have to verify their accounts. And if you can choose a good exchange, you don't have to worry about losing your funds because the exchange will be your funds as long as you trade.

Buying or selling cryptocurrency is never a win-win situation. Only when you have a thorough understanding of the market and are an excellent trader or investor will you be able to sell or buy in a circumstance where everyone benefits. Due to how poorly some people failed at investing in cryptocurrencies and lost everything without having a basic understanding of how they worked, many have referred to them as garbage investments. Others with adequate knowledge of it succeeded through their own investment and boasted of their accomplishments. Without proper knowledge you can’t win here.


Add to that is the expectation of becoming wealthy rapidly. If you don't achieve the expected result, this concern can lead to discouragement. It is preferable that you lower your expectations and accept the repercussions of dealing with bitcoin market swings. In the long term, the patient, hardworking, and constant learning trader or investor always reaps great rewards.

It's mostly the same for all of us after experiencing how the complex of opening a bank account without proper documents. Bitcoins gave us chance to experience on how we skip all of that rather all we need to do is a crypto wallet and some exchanges that accepts P2P trading option. Bitcoins really make an innovation of transaction where you don't need to worry about personal documents just to withdraw your money.

The experience gained from the mistakes you make will only be useful if you don't repeat those mistakes again, otherwise you have no chance of becoming successful here. And even without scammers, you will lose your money. Basically, all the negative experience gained in the crypt concerns altcoins, with bitcoin there are more chances of success, but still, for successful investments, you must have more knowledge and experience, otherwise the result will be the same every time.

Hi, OP:
We are in the "tell us what you know"(!?) It is actually a very broad subject for "bitcoin and cryptocurrencies" to do it in something like a post, it is not that we are sitting on a 24 hour trip, so we are going little to little, OP.

From your context we can extract many topics that already exist in the forum, in fact repetitive, at least of course they become quite personal, and then we could exchange ideas, we are in a forum, we must give continuity to the debate, among other things, for example at the point of "My experience" you don't say anything personal, you just say something you know.

A brief summary of your experience:
Why is there a high level of security? Did you work on a project that taught you that, do you work in another area of ​​computing that allows you to compare, or did you simply read it or is it your user experience.(?)

How did you determine the volatility, based on your experience, or is it just knowing what the CMC reads or reading that bitcoin used to cost $69K and now has a value of $20k, at what point did you buy, sell, how did the market affect you? what year? How much money do you lose? How much money do you earn? What project did you start and did the volatility give it momentum or sink it?, etc. It is one thing to read about volatility, to know what it is and another thing is to have experience on the subject, not theoretical, we are talking about the harsh reality or full happiness, which involves money.

Operate 24/7? where did you trade? how often? actually you have experience working demanding hours, taking orders, or simply using the stop button... suffering from leverage, etc.

Exchange liquidity, oops! Be careful with that one, I skip that one, I don't know what to ask.

In the other assessments mentioned in your experience, the same approach.

Friend, you don't tell us anything! Absolutely nothing, and then you want to hear the experiences of others when you haven't said anything, it's strange, October 31 is close.

Like you pointed out, there is freedom in trading. You are not restricted to a specific time-frame due to no regulation in the trading market by the government. While there may be some whales that can relatively manipulate the price, it is not as worst in trading where giant conglomerates hold like 51% of a respective stock which can lead to inside trading.

Personally, BTC has created an opportunity for me to work online. I never imagined seeing myself working online and receiving this amount of BTCs weekly due to campaign signatures. While this kind of visioned is too specific, it significantly helped me and my family in alleviating our expenses weekly.

Crypto currencies has a high security? are you joking? there's many cases where shitcoins chain got exploited which mean the hacker can hack the coins. They don't need to hack every wallet address in order to steal someone coins, if they can hack the coins, they can steal all of the coins as long as the hacker want.

I got your point here but there are some people who really don't appreciate Bitcoin, they only starting to acquire or use Bitcoin because of the money involved, like investment, easy money. This is a very common misunderstanding about Bitcoin.
I am not telling that investing in Bitcoin is bad, but people must understand first how Bitcoin works so just incase what will happen to their investment, they will not blame Bitcoin or other people.

While true this is something that happens in all markets that are going through some fast growth, during the start of this century when real estate was going up in value every year at the US people saw this and began to invest in real estate without knowing anything about the topic.

And when the bubble finally exploded they were caught in the middle of it and lost everything they had, this has happened many times before, it happened with the dot com bubble, the tulip mania and now it is happening with this market, however there is not much we can do about those people and we must concentrate on ourselves and taking the correct decisions when we have to.

Thanks to the beautiful benefits of learning... and thank you so much for taking out time to give me clearer understanding. Thanks for throwing more light on that and also for helping me expand my horizons. I really appreciate.

I shared this post because I still have a lot to learn, I can't settle down with what I think I know when there's so much knowledge out here. Merely reading the comments alone is very educative. I don't know why you had to make it sound like I'm not worthy to be here, bro we're all students still learning... Remember "a closed mouth is a closed destiny". I ask questions when I'm lost, I so much love corrections because lessons are blessings in disguise and the best part of it all is that I get to learn the lessons here for FREE. Y'all are so amazing. Thanks and Good luck.

One thing which is un-usual about crypto is that most people who jump into crypto do not care to learn about it. They just heard from their friends and family about crypto currencies and start to invest and trade blindly. They heard stories that people are making millions in crypto and hence they also start trading with the hope to make money. When in all fields of life, we need knowledge then how come crypto trading/investment can be done without any knowledge? This is a financial field and we need more attention here in order to make money but no one understands it initially.
Once they lose money in trades, close their trades in loss, get stop loss hit more often and the account gets liquidated, then they realize the mistake that they should have to understand first before actually working with crypto and bitcoins.

True cryptocurrency like Bitcoin has nothing to do with the so called new world order as it runs contrary to the order's agenda. It's is a freedom currency/system that will serve as alternative to centralized currencies/systems and for those who wish to escape what the New World would bring. The only way it can be a New World order system or currency is by centralizing it which is almost impossible to do by those who wish to centralize it... Not that it can't be done but Bitcoin has been chosen by the wise ones and Bitcoin master to be a system that's used to save humanity in chaotic and tyrannical world.

In regards to my experience, so far(since it was captured) so good.

I agree that crypto has come to stay and it belongs to the future.
However, there are more and more people entering this market each and every day among which more than 90% know nothing about this market and have just come based on what they have heard from their family or friends. These people may not only benefit from the market in buying and selling, but also might harm their family, make them disappointed, etc.
It's too important to read, watch, listen and make small trades in order to learn. It's a must...

A little about the high level of security. it also depends on the user, because perfect security will never exist. The private key can be stolen by someone from your hands or the exchange you are using is hacked. So about the security of all systems, there are loopholes and it also depends on how each user is.

My experience in cryptocurrency is quite a lot. Starting from not understanding anything about what bitcoin is and what crypto is. learn to make a wallet and start doing small trades by instinct without knowing the science of technical and fundamental analysis. And even I have also been in a phishing trap that resulted in my wallet being hacked and have participated in several scammer projects and many more. The experiences that have been experienced so far, should be a lesson and become a new motivation to do better and learn more about crypto. Cryptocurrency not only includes Bitcoin only, but there are many other coins as well as other networks besides bitcoin.

Yup, the point of what I've said is that. When you're giving advise someone on the forum, it's obvious that we're all here and understands that investing in bitcoin is our priority and as it's here to stay, so do we.

Once you've gained knowledge, you'll understand almost everything on how bitcoin's price moving and the market itself. With those price going up and down, the time will come as it seems that it's almost nothing to you anymore.

And that is because you've been used to it.

Everyone who initially came as a beginner would have had the same experience as you. Fear, disappointment, doubt are the three most difficult things to get rid of. I've been in your position, but I finally got through it all. Over time it will slowly disappear if you continue to cultivate a sense of courage in yourself and keep moving forward without knowing the feeling of giving up. Believe bitcoin will change your life and also change the world in the future.

Your post isn't clear as to how you got the experience of cryptocurrencies. Did you invest in them or did you trade them?
Whatever the case, i hope you are among those holders who are happy to be part of bitcoin in particular and cryptocurrencies in general.



Basically, you don't need to be a part of bitcointalk in order to know about bitcoin. You can still use bitcoin and may not know about bitcointalk. I think OP is an experienced bitcoin user, but he seems to be new to this forum.

I believe most people who get involved in crypto are like babies at first, and they learn to crawl and stand after falling many times before and don't give up easily until they can get up and walk forever.
like us here, because we at that time may not really know at all and don't even have any prior knowledge and experience, until we learn from experience and find out for ourselves and just a few nice words from others. But we all go through it ourselves and bounce back until we fully understand the risks and problems that exist in the crypto world and generate invaluable profits and experiences that we will never have before.
and I learned a lot in this good forum although there are some good forums but this forum is the best and full of useful information and also good advice about downsides and so on, because here a lot of good people.

BTC seems to become very stable in the past weeks so a good experience for traders from the different markets as they are constantly moving to protect their investments.

Not entirely a new world order but just the finance, crypto kinda fix things for unbank.
It's a win-win for investors to go for crypto since there is a shift of ways as many countries are de-dollarizing. And while they are doing it, a lot of us are also not going to any digitized fiat also like the Yuan digital currency.