Topic: My crypto lessons in 2021 - page 6. (Read 807 times)

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.

Cryptocurrencies are very vulnerable in price raiding. Because the price is very fast changing, we usually get carried away without predicting it first before making a decision. This causes many of us to gain more losses than profits. I usually follow a large telegram channel or get info from my friends who are great at analyzing. Following them let me know how the direction of cryptocurrency in the short to medium term.

Well, new listings make our noses sensitive and sniff out huge space for profit but buried deep in that profit are the traps of developers as well as some who like to make money from manipulation, I do not contribute on the new projects listed but I do lose money on welcoming trends like Defi, NFT and Metaverse. There are quite a few typical successes on each trend but it's only been a few minutes that I'm quite demanding in terms of profit and discovery, greed has broken the emotional and analytical dimension, mistakenly choosing projects that are not really interesting

our experiences and all of you are different..there are those who have experience who gain a lot, especially those who have had the luck to learn the flow of crypto itself, and there are also those who lose by thinking too early because they are very afraid of movement.which began to decline and all assets began to be sold..and that's the flow of the crypto journey that I know, therefore all must have thoughts that are not in a hurry and need to be careful so they don't have more losses.

No instant money brother. A $100,000 BTC price is possible but doesn't take shortcuts. Always stick to the closest thing that will happen. But if you are willing to hold for long, it's your decision.


They are not deceiving people but rather people deceiving themselves. It's you should be blamed for why you follow. They are just sharing commands and their actions and to follow them is based on your discretion.


Why did you sell? The only thing you are supposed to lose is a paper loss. Anyways since the selling was already made, then try to move on and come back with improved knowledge next time.

I think you're still not in loss OP because you haven't sell your bitcoin. Maybe you are not yet in profits for now but sooner i know definitely you will. However, i would suggest even if you think you know well enough in crypto, but crypto itself especially if you are in trading, then you should keep learning all the time as the market is very volatile, there will be changes and price updates from time to time. And as much as possible, trust yourself because you know you are smart enough. In crypto, don't let other people deceive you just to think they are smarter than you.  If they really are, then they know they should keep it by themselves while taking advantage of the market.

Yes, of course, it's very unfortunate that they don't want to try to learn or find information on their own even though nowadays we can easily learn on various platforms,
In addition, nowadays information can be said to be very open compared to before the internet,
I hope they will realize the importance of learning

As long as you don't sell I think you are still okay, the problem we mostly have as an investor is thinking there will not be another uptrend again, we see the time as too long to wait, here I am in 2021 which I see as years ahead back in 2018, if I had held most of my coins of back in 2018 it would have been great but still can't complain,
The point is, don't fret over your supposed loss, it only becomes a loss when you sell out of panic, crypto is just getting started if you can better to engage in staking to accumulate more against the next bull market.

learning is more important in crypto because without knowledge you will always end up losses after all, indeed that's the reason why people always faild nowadays wherein because they relies on what other people saying in the internet.. They're lazy seeking for specific information that's why until now as well they don't have progress when it comes investing or trading crypto.. Always remember to make research mate and always educate your self to prevent losses because that's the only key to succeed..

for the first one, I think it's just a matter of time, you just need to be patient, or you can cut your loss right now, and make you lose. rethink the strategy you made and try to adjust it to the current situation. otherwise try to move based on valid information, not based on speculation.

for the second, do not trust anyone regarding predictions, and speculations. You can take references from that, but you need to do your own research according to your standards. Don't be influenced by someone's words on YouTube or social media. do your own research.

for the third, follow your heart accompanied by valid research results regarding the information you get.

To prevent bigger losses in the future, you should think about the lowest price to sell the asset you own, for example, if you invest $1k, when the price is below $850, sell it and rethink the strategy you use. likewise if you make a profit on it.

That's quite unfortunate for you as a trader.
Well, we are all expecting for Bitcoin to go to $100,000 this year since we are in a bull run but it seems like it will not happen at least in the next few months but in the long term we know that it will reach that price. The recent correction makes Bitcoin to $100,000 unlikely and almost impossible at least for this year and possible in the 1st quarter of 2022.

TBH, I'm watching some of the crypto youtubers in the past not because I want to invest into the coins that they are saying but I just want to hear their opinions.
I'm not following them at that time since I already knew that some of these youtubers are being paid to advertise a specific coin. I will not give names of these youtubers but if you are browsing on youtube and watching some crypto influencers then you know some . Just don't follow them and if you can't choose which coin to invest then just pick Bitcoin and don't overstress yourself.

I've experienced this also.
I have holdings right now (around 5 digits) and I want to sell it at the peak of the market but I'm thinking of the same as you. I think the best thing to do is to just move on and plan on what will you do in the future. For me I just let it go, moved on and planned for what will I do in the future. After all, I still have extra cash in my pocket so that if the bear market happens then I will just dollar-cost averaging.

Crypto was life changing for me because I made me a strong believer and it gave so much financial support during these hard times we are right now. I didn't had saving while working and having a job it did not put much impact much like crypto did into my life.  The best to way to succeed in this industry is to believe in your gutfeel and HODL gem project that will give financial freedom in the future.

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.

About the 100k per BTC I believe this will happen but not very soon like many predicted and before investing in any altcoins make sure you like the project enough to hold them for a long term even if they aren't doing so well presently , forget YouTubers that talks about crypto because 99% of them don't know what they talking about

In addition to youtube as a place to learn suddenly, there are also several websites that are often relied on for additional knowledge about cryptocurrencies in order to facilitate their work in cryptocurrency, because every year there is always something new that everyone in cryptocurrency must learn.

When something is not known how, then Youtube is currently the most sought after place or a (common) solution. Likewise with regard to understanding crypto. Youtubers who talk about crypto, I can say, don't 100% understand crypto, especially those who explain how to analyze and predict a coin or token that will provide profits.

That is because greediness comes to you while you see the big profit in front of you and tempt you to hold for more because the price will still increase. But that is not happening instead, the price is down and back to the lower price. Just trust yourself and do not listen to others and take profit if you see the price increase so high because the chance will not always come shortly. If you can do that, I am sure you will have a chance to profit, but this experience teaches you a lot about when to take profit.

This year I have started my crypto journey and I am really glad about this. Crypto market has opened to me a lot of opportunities. This year I got to know how to do research and how to understand if this projects is worth investments or not. Also I got to know that we shouldn't be greedy like you said and lock-in profit. I am going to develop in this sphere and expand my knowledge about crypto.

As usual, crypto is something very risky but also very worthy if we really know the ways to make it.
And those three lessons are very worthy enough for everyone here. I also have that kind of experience, is supposed to hold for long term of some tokens and then the tokens are being dead coins.
And if you are talking about Bitcoin, you may not need to panic because Bitcoin is very worthy and valuable. I personally still believe that Bitcoin price will keep rising up this year or at least at the beginning of the next year. there is still a chance for Bitcoin to reach higher ATH again. Although it may not be at $100k, I think that the chance to be more than $70k is still here,
Well, I am not good at prediction, but I have that believe and I will still hold my Bitcoin. Because I am sure that Bitcoin will not be a dead coin even I must hold it for the long term. That is why everytime I am invetsing, it is better to use free money

1. That was part of the building experience. There's no perfect trade but soon your winnings will mostly happen compared to losing.

2. Actually, no need to be careful but just use your common sense. You should be vigilant about any things you encounter on the internet.

3. Agree with. But of course, follow your heart if there's a basis and not just you are feeling it.