Topic: My crypto lessons in 2021 - page 5. (Read 807 times)
Deceivers will always attract us to invest something on a project or coin that they're endorsing for their own benefit and as years passed by, I learned to do my own research first instead of listening to streamers. I learned to think multiple times before investing this year not because I'm afraid to take the risks but I just don't want to regret my decisions this time. It's better to be sure than take lots of risks that we couldn't take in the end.
The important lesson I learned in 2021 was to be patient, if I was patient to hold for at least a few more months then I could get a bigger profit, when the market dropped in July I sold a lot of assets, after about 2 months the market skyrocketed again so I regret it too much fast and impatient.
After I have not been active in crypto since 2018 and came back when the market skyrocketed last april, i checked several accounts on exchanges and personal wallets the results surprised me because in total I was able to get around $ 4500 money, the important lesson is to be patient and save crypto then we have the opportunity to get big profits, what we thought crypto was worthless and dead turned out to be skyrocketing.
Wrong thinking often occurs when the market goes red or when a lot of cryptocurrencies experience price drops and that's not what everyone wants, but if the thinking is still positive and patient, the results will also be as surprising as you have felt. 2021 have bring so much growth to millions of people around the world I'm glad to have believe in this new technology called crypto and I'm sure as time goes on I will eventually get better at my crypto investment skills, I made more money than I lost but
1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality
2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly
3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt
Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe
1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality
2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly
3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt
Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe
Crypto investment is not about how much you could made in profits in a short time but it's about an investment that could multiple the values in several years, so that's okay if you lose the value of your profit right now as long as you hold a strong fundamental coins you will be fine as long as you are not selling the coins that you are holding.
And about the crypto youtubers, there are a lot of crypto youtubers that got paid by the projects team to promote their crypto project and we have to do own analysis before investing.
After I have not been active in crypto since 2018 and came back when the market skyrocketed last april, i checked several accounts on exchanges and personal wallets the results surprised me because in total I was able to get around $ 4500 money, the important lesson is to be patient and save crypto then we have the opportunity to get big profits, what we thought crypto was worthless and dead turned out to be skyrocketing.
Take a few benefits for you to have that sweet second that you have made in crypto. While taking a few benefits, you'll simply keep some since you have plans for long haul. They are very much like us who can just guess whether or not it is valid or not that is the manner by which the market moves and chooses in light of the fact that they likewise don't be familiar with it.
Patience is essentially the most important quality of an investor. Do not be led by all sorts of news from social networks. Because by and large, no one can accurately guess the future situation on the market by 100%.
One of the major lessons I learnt since my involvement in cryptocurrencies is patience, this had been very difficult for me to handle at the initial stage as a newbie I was always in a haste to buy coins after reading some bitcoin related news, unknowingly I was buying at the peak i.e high instead of buying at low due to impatient, however I did more research studies candlestick patterns with indicators such as RSI which indicates overbought and oversold zones of the price, above all I don't hurriedly enter trades now but patiently waiting for appropriate area to buy and sell.
It would be impossible to go through the cryptocurrency industry without learning lessons. There's a saying that experience is the best teacher, this implies that the lessons learnt are priceless. There's really no need to quit because of any bad experience, you'll need those experiences to attain higher levels in the future.
My best lesson in 2021 is not to buy coins carelessly, especially those that are top gainers, it's better to save on coins that have a strong reputation such as Cardano, Pancake Swap or Polygon and then use them for staking, with staking we can earn up to 75% and this is more safe.
Very good advice and so far I have also been doing things like you said, because the benchmarks of income are also very passive and evenly distributed according to the number of coins owned by each person.
My best lesson in 2021 is not to buy coins carelessly, especially those that are top gainers, it's better to save on coins that have a strong reputation such as Cardano, Pancake Swap or Polygon and then use them for staking, with staking we can earn up to 75% and this is more safe.
When I get a big profit by investing coins, I use that profit to buy new listed coins which turned out to be making me lose money, the important lesson in 2021 is that I will do a deep analysis before buying because I have lost about $1200 and hope to be back soon.
this is quite a number but indeed the market is currently in a bad state and the correction from bitcoin has put altcoins in a disadvantaged zone.on the other hand this might be enough for you to wait for some time.
as long as your coins are good to hold and are not fake coins I feel your assets will return and maybe even more in the next few months
The especially second part of your suggestions makes more sense to newbie traders who look for advice from the famous Youtubers who have limited knowledge. The best part of investing is to sit tight and wait for the correct time, otherwise, the short-term market fluctuations will melt your whole balance faster than the blink of an eye.
And really set your goals: either be a long term or short term holder or be a trader.
You really don't need to listen to advices of those Youtubers, for all we know, they didn't even know how to trade or read or write TA. It's really better to go to the trading floor, if you lose money, at least you gain experience. If you win then good, continue with your trading strategy. Of course being a long term holder, you just have to time the market buy and sit tight. While short term or day trader, it will make things complicated, but if you are an individual who likes challenges then maybe that is the perfect fit for you.
The especially second part of your suggestions makes more sense to newbie traders who look for advice from the famous Youtubers who have limited knowledge. The best part of investing is to sit tight and wait for the correct time, otherwise, the short-term market fluctuations will melt your whole balance faster than the blink of an eye.
And really set your goals: either be a long term or short term holder or be a trader.
You really don't need to listen to advices of those Youtubers, for all we know, they didn't even know how to trade or read or write TA. It's really better to go to the trading floor, if you lose money, at least you gain experience. If you win then good, continue with your trading strategy. Of course being a long term holder, you just have to time the market buy and sit tight. While short term or day trader, it will make things complicated, but if you are an individual who likes challenges then maybe that is the perfect fit for you.
If you fail this time, I think you can succeed in the next bull run so I hope you don't lose hope to sell your coins at the next ATH. You already get a lesson from the last one so I hope you can learn from your experience and know when to take profit. We never know when the party is over so while the profit still high, you should take it and leave the market. You should not take seriously Crypto Youtuber because they only promote or upload their video to attract many people to subscribe to their channel. In this matter, following your heart will be better because your heart will not lie to you.
I guess it is clear that in the long run Bitcoin keeps on breaking more and more records and gets to a new ATH, if you have the time for it, even if you bought at the previous ATH then you could still profit. Meanwhile, it is wise to invest into it some more when it is low so that you could make some more returns.I have to say it is not an easy task, but it is not an impossible task neither, just need to find some more liquidity in order to get involved when it is low. Patience is the key here, there will be a new ATH, maybe it will be this month, maybe next, maybe spring or summer who knows when it will happen. All I know that it will eventually happen and if they can wait for it, then they could profit from it.
All forms of investment have a high level of risk, especially those related to crypto, you need basic knowledge in investing anywhere, you can't be forced to invest with a desire that doesn't involve knowledge, Bitcoin has good prospects from the many coins that exist today, don't worry and panic if you have it, because when the correction recovers bitcoin will return to normal at the previous price, the most important thing is to analyze and study every investment made, don't make a mistake, let alone panic when the market is experiencing a correction.
Actually, it is very easy and simple to understand the current conditions because in conditions like now everyone just needs patience before the market actually recovers, so wait a moment to see Bitcoin and the market improve before next year.I would like to focus on what you stated that it is easy to understand the market conditions, indeed conditions are comprehensible but making predictions is another thing. In reference to what OP said, market predictions do not have assurance because it is really hard to do so. But, having patience for the fruition of the decisions made, based on research and educated moves, is what’s needed the most especially during the trying times.
All forms of investment have a high level of risk, especially those related to crypto, you need basic knowledge in investing anywhere, you can't be forced to invest with a desire that doesn't involve knowledge, Bitcoin has good prospects from the many coins that exist today, don't worry and panic if you have it, because when the correction recovers bitcoin will return to normal at the previous price, the most important thing is to analyze and study every investment made, don't make a mistake, let alone panic when the market is experiencing a correction.
Actually, it is very easy and simple to understand the current conditions because in conditions like now everyone just needs patience before the market actually recovers, so wait a moment to see Bitcoin and the market improve before next year. hero member
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2021 have bring so much growth to millions of people around the world I'm glad to have believe in this new technology called crypto and I'm sure as time goes on I will eventually get better at my crypto investment skills, I made more money than I lost but
1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality
2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly
3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt
Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe
All forms of investment have a high level of risk, especially those related to crypto, you need basic knowledge in investing anywhere, you can't be forced to invest with a desire that doesn't involve knowledge, Bitcoin has good prospects from the many coins that exist today, don't worry and panic if you have it, because when the correction recovers bitcoin will return to normal at the previous price, the most important thing is to analyze and study every investment made, don't make a mistake, let alone panic when the market is experiencing a correction. 1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality
2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly
3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt
Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe
I think thats normal in the crypto industry because it has no guaranteed returns in crypto investments. if anyone has the guts to get involved in crypto investment he/she must be aware that crypto investment is associated with different risks so it's an important matter for everyone who wishes to get involved in crypto, by the way, lessons can be learned along the way if we become more knowledgable in this industry that's why keep, the faith and stay HODL!
Most crypto expert also said the thins that we should learn in crypto investment is not about how we win in every investment or every trade, but we should learn about the money management that we could place in a trade or when we buy coin.
Losing value of investment is usual things happen in every investment instrument and we should be patient and make a great decision in the right time.
I think thats normal in the crypto industry because it has no guaranteed returns in crypto investments. if anyone has the guts to get involved in crypto investment he/she must be aware that crypto investment is associated with different risks so it's an important matter for everyone who wishes to get involved in crypto, by the way, lessons can be learned along the way if we become more knowledgable in this industry that's why keep, the faith and stay HODL!
2021 have bring so much growth to millions of people around the world I'm glad to have believe in this new technology called crypto and I'm sure as time goes on I will eventually get better at my crypto investment skills, I made more money than I lost but
1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality
2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly
3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt
Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe
1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality
2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly
3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt
Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe
A lot of that seems to be quite dangerous advice, if you were to ask me. First of all, if your coin goes down in value, one thing you never do is sell. Either you believe in your investment or you do not, flip flopping will lose you money. Secondly, never listen to "influencer" or other people selling "courses". I think its obvious why. Third, don't follow your heart when you trade. Learn technical analysis and make a strategy. Keep your emotions out of the game.
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