My thoughts and now my experience. | Bitcointalksearch.org

Jody.Drummer

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Quote from: fullhdpixel on November 24, 2022, 05:36:54 PM

In your last part I think what you mean there is to have a mentor but that can cost money. Learning on our own way is still the best.

It doesn't always have to be a mentor that we pay to teach us, even people who are older and have more experience I think they will be happy to give us an explanation of what we don't know. And if we even look at this forum when beginners ask questions, they will answer happily and don't even hesitate to give directions on what to do.
I personally would be excited to tell people who ask me about bitcoin, and that is exactly what I wish I had. Because if they come by themselves, it means they are serious about what they want to learn.

dunfida

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Quote from: Insanity on November 27, 2022, 08:42:18 PM

Quote from: tvplus006 on October 14, 2022, 01:10:18 PM

Quote from: Cynthia_sinach042 on September 28, 2022, 11:28:52 AM

...I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

You could pay for training instead of paying for the experience you gained from unsuccessful trading and investing. It is possible that it would take you less time to acquire such an experience than it took for independent study. However, you have already figured out the source of your mistakes, and in the future you will have fewer disappointments that trading brings.

There is no saying that there will always be a profit by trading, sometimes there will be a profit and sometimes there will be a loss and you have to accept these two trades. However, I think that you must have a good idea to trade, otherwise a trader will never be able to make a profit.

This is what noobs do believe that making money with trading is pretty easy until they would be finding out theirselves getting fucked up with the reality.Its never been that surprising and this is usually the first time

experience of every trader and into those people whom do believe that it was easy.Its never been easy in the first place, it is really just those first impressions arent really just that right and they are
really just believing on things which arent true.

If you do want to sustain then deal with the risk and try out to be that disciplined and getting more experience and enhance out your skills.

Viscore

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Quote from: gunhell16 on November 27, 2022, 11:49:51 PM

Quote

Diversity without research behind it is silly. I thought that when you diversify you can make a mistake, how wrong I was. You should always diversify using research and don't rush to buy.

I think that until now there are still many people who do not apply it to be honest. This often happens to newbies entering this industry. Because the only thing on their mind is to make money, although I don't include all newbies in the crypto space.

But if research is done first before investing in something with the right method, surely no one will go home a loser in whatever cryptocurrency they buy, this is just my opinion. Which I think is correct.

That is why DYOR is very much important not only in cryptocurrency investment but certainly in all aspects of our lives. Learning to diversify is a smart way, but I don’t think we should jump to that when in the first place we are not profiting yet. So the first focus is still to gain knowledge and invest in a prominent coin like bitcoin. When we are making profits already, that’s the perfect time to diversify. And when we say diversify, we should not limit only to crypto, but we should take considerations too investing in stocks, real estate, or even in gold. That way, we will gain additional profits from different type of investments.

SOKO-DEKE

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Quote from: AnonBitCoiner on December 04, 2022, 12:21:50 PM

In my opinion i just think that not anyone should follow the other person, not even its family member and friends because he will perhaps more familiar with crypto world but you are not. Other important point is that if you fully understood the things related to investment then its the time when you should have to join it but its reality that even experienced guys can also lose if condition become harsh.

It's never a good idea to rely just on other people's opinions without conducting your own study, especially when it comes to bitcoin trading. You need to conduct a thorough analysis before entering the market, not just other people's opinions.

Quote from: Cynthia_sinach042 on September 28, 2022, 11:28:52 AM

You haven't learnt enough just yet. It's not wise to invest with your kindergarten knowledge, take time to on them first.

having enough knowledge first before you are into any investment is the best way to be in safety side because it is the knowledge that will defend anyone against wrong direction. So my advise to newbies should learn well first before are into trading, many people losses money in trading because they refuses to have enough knowledge about it.

GigaBit

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Cryptocurrency has become a popular trading platform these days. People's desire for which is increasing day by day. However, many have faced big losses by investing without knowing about this. Investing in cryptocurrency is risky because it is the most volatile asset in the world. There are many things you must consider before investing in crypto.

Research is Mandatory, Make a balanced portfolio, avoid doubtful project, Use the right wallet, Gather enough knowledge. If you don't know about these things there is a high possibility to loss your assets.

There are many people who plan long term in crypto without even realizing it. In this case, many of those who invest in Bitcoin are profitable, while those who have invested in various altcoins in the hope of more profit have no chance of getting back. But for investing in cryptocurrency all the time is better for investing in Bitcoin.

Falconer

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Quote from: AnonBitCoiner on December 04, 2022, 12:21:50 PM

In my opinion i just think that not anyone should follow the other person, not even its family member and friends because he will perhaps more familiar with crypto world but you are not. Other important point is that if you fully understood the things related to investment then its the time when you should have to join it but its reality that even experienced guys can also lose if condition become harsh.

One would be safe if they only invest in bitcoins in the long term. They are likely to lose in the short term due to price volatility, but in the long term it is likely that the holder will get a decent return. But anyone who invests blindly in altcoin without doing any analysis, then of course they will most likely be trapped in altcoin that have no potential where the possibility of loss is clearer than the return.

In my opinion, it is better to buy bitcoins in a hurry than to invest in altcoin that have no potential, but they may have to wait a little longer for the returns to be truly worth it.

AnonBitCoiner

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In my opinion i just think that not anyone should follow the other person, not even its family member and friends because he will perhaps more familiar with crypto world but you are not. Other important point is that if you fully understood the things related to investment then its the time when you should have to join it but its reality that even experienced guys can also lose if condition become harsh.

Lanatsa

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Quote from: gunhell16 on November 27, 2022, 11:49:51 PM

Quote

Diversity without research behind it is silly. I thought that when you diversify you can make a mistake, how wrong I was. You should always diversify using research and don't rush to buy.

I think that until now there are still many people who do not apply it to be honest. This often happens to newbies entering this industry. Because the only thing on their mind is to make money, although I don't include all newbies in the crypto space.

But if research is done first before investing in something with the right method, surely no one will go home a loser in whatever cryptocurrency they buy, this is just my opinion. Which I think is correct.

Cant really deny that im one of those noobs that do really believe that we could really be having that easy money on this market until the reality do slap you on the face which made you realized that it was

never been easy.I have learned up the things on hard way which i have lost lots of money due to greed and being too desperate on making myself rich.
You would really be having those first impressions specially if you do saw others who do make huge profits.

In the time where you are the ones who do make out such move, then it would really be raising up lots of questions.

gunhell16

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Quote

Diversity without research behind it is silly. I thought that when you diversify you can make a mistake, how wrong I was. You should always diversify using research and don't rush to buy.

I think that until now there are still many people who do not apply it to be honest. This often happens to newbies entering this industry. Because the only thing on their mind is to make money, although I don't include all newbies in the crypto space.

But if research is done first before investing in something with the right method, surely no one will go home a loser in whatever cryptocurrency they buy, this is just my opinion. Which I think is correct.

Insanity

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Quote from: tvplus006 on October 14, 2022, 01:10:18 PM

Quote from: Cynthia_sinach042 on September 28, 2022, 11:28:52 AM

...I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

You could pay for training instead of paying for the experience you gained from unsuccessful trading and investing. It is possible that it would take you less time to acquire such an experience than it took for independent study. However, you have already figured out the source of your mistakes, and in the future you will have fewer disappointments that trading brings.

There is no saying that there will always be a profit by trading, sometimes there will be a profit and sometimes there will be a loss and you have to accept these two trades. However, I think that you must have a good idea to trade, otherwise a trader will never be able to make a profit.

borovichok

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Quote from: fullhdpixel on November 24, 2022, 05:36:54 PM

When we say money that is prepared or afford to lose, that money isn't really huge. When we lose, we still have money left to continue and try again.

When keep on doing this, experience is also building. Indeed that having a basic knowledge at least on factors that influence the price is fine because they are sometimes not guaranteed but the price can still be able to move on its own, like for example when there is negative news, we then think the price will fall. This is true sometimes but sometimes the price can continue to rise. In your last part I think what you mean there is to have a mentor but that can cost money. Learning on our own way is still the best.

Money is one of the basic need we can't do without because we need it in almost everything we do like buying of our essential needs and wants. Money come first before emphasis on trading, that's the process where funding comes about. There are basically variety functions of money and it's what we aiming to get like profits in trading. Putting in much hardwork and experience will shoot out to some positive results at the end. As they say, experience is the best teacher and it's self explanatory to everyone on the planet Earth.

fullhdpixel

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Quote from: Jody.Drummer on November 24, 2022, 02:38:44 PM

In the cryptocurrency space requires a very strong mentality with all the possibilities that will happen here. Adequate knowledge accompanied by experience will shape our mentality. But not infrequently they also give up because their mentality is not too strong when they experience losses. That is why we are advised to use money that we are prepared to lose. There are many factors that influence where the price will move and we are required to understand all of them. It doesn't have to be fully understood, the most important thing is that we know the basics about it.
Nothing is easy in the world of trading or investing, everything has its own risks, but it can be prevented as long as we are willing to learn. Especially for beginners, of course they will be confused at first, and it is recommended that they have people who can be asked so they don't move without a knowledge base.

When we say money that is prepared or afford to lose, that money isn't really huge. When we lose, we still have money left to continue and try again.

When keep on doing this, experience is also building. Indeed that having a basic knowledge at least on factors that influence the price is fine because they are sometimes not guaranteed but the price can still be able to move on its own, like for example when there is negative news, we then think the price will fall. This is true sometimes but sometimes the price can continue to rise. In your last part I think what you mean there is to have a mentor but that can cost money. Learning on our own way is still the best.

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Quote from: Cynthia_sinach042 on September 28, 2022, 11:28:52 AM

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

The best way to learn is through experience, wise people have said. Your limited experience will serve as some guidance for you now that you are aware of the importance of having thorough knowledge about cryptocurrencies—rather than just a basic understanding—before investing in them because of the inherent risk. I'm hoping other forum users and newbies will take these into account so they can use the current bear market wisely and without making mistakes.

stomachgrowls

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Quote from: sana54210 on November 22, 2022, 09:29:52 AM

Quote from: stomachgrowls on November 21, 2022, 02:59:34 PM

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

Experience is the sauce to the food, you can cook any food without any salt or pepper or any other sauce but at the end of the day it’s not going to be a good food. Reality is that the difference between cooking a pasta with just water and nothing else, versus cooking a fettucine alfredo will always be very different in taste. If you lack everything and just need to feed yourself so you don't starve, then either will do, but if you want to eat good food, you will pick the latter.

So, you can learn trading as much as you want, just study for 10 years with no trading at all, pure studying and know every possible thing about it, but if you don't trade and learn, you will fail.

Or simply sticking out with the theories without actual experience would be entirely be that useless or not really complete at all since it would really be that lacking and there are indeed things which is really

that crucial for you to be able to learn up or shall we say complete.In regarding into your definition or assumptions basing on those situations then it is really that precise and i heavily agree with that.

You cant able to learn up things if you dont able to try for yourself which is actually that you do need to do so, if you are really that serious on learning and sustaining
it for longer time or duration.So its up to your own choice!

Jody.Drummer

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Quote from: gunhell16 on November 20, 2022, 10:55:37 AM

Here's my piece of advise to all new comers or neophyte who try to enter here in the cryptocurrency,

Every mistake we make in this industry will open our minds to the dos and don'ts to achieve what we want to earn in the world of cryptocurrency. This error that we will experience here can push us to continue or not with the matter that you will enter here.

So my question is can we face the challenge of failing or dare to fail? Because if anyone new to the crypto business can't deal with this, all I can say is that this opportunity in cryptocurrency or bitcoin industry is not for you, that's as simple as that dude.

In the cryptocurrency space requires a very strong mentality with all the possibilities that will happen here. Adequate knowledge accompanied by experience will shape our mentality. But not infrequently they also give up because their mentality is not too strong when they experience losses. That is why we are advised to use money that we are prepared to lose. There are many factors that influence where the price will move and we are required to understand all of them. It doesn't have to be fully understood, the most important thing is that we know the basics about it.
Nothing is easy in the world of trading or investing, everything has its own risks, but it can be prevented as long as we are willing to learn. Especially for beginners, of course they will be confused at first, and it is recommended that they have people who can be asked so they don't move without a knowledge base.

sana54210

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Quote from: stomachgrowls on November 21, 2022, 02:59:34 PM

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

Experience is the sauce to the food, you can cook any food without any salt or pepper or any other sauce but at the end of the day it’s not going to be a good food. Reality is that the difference between cooking a pasta with just water and nothing else, versus cooking a fettucine alfredo will always be very different in taste. If you lack everything and just need to feed yourself so you don't starve, then either will do, but if you want to eat good food, you will pick the latter.

So, you can learn trading as much as you want, just study for 10 years with no trading at all, pure studying and know every possible thing about it, but if you don't trade and learn, you will fail.

KingsDen

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Hello Leo! You can still win.

Those that came earlier than us were lucky because the market as of them was not as fraudulent as it is today. There was little or no scam coins then, if you can buy some coins for yourself would hold for sometime it will rise into profit and you'll be happy in the market.
But today such cannot be said because apart from bitcoin and maybe three or a little more altcoins, buying any other coin and expecting it to rise in the future is at your own peril.

So, the level of learning required of any one is even more higher now than before. Presently you don't only have to learn, you need to be very smart .

stomachgrowls

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Quote from: tvplus006 on November 20, 2022, 10:55:59 AM

Quote from: Cynthia_sinach042 on September 28, 2022, 11:28:52 AM

...I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

The main thing in trading is not to lose your deposit and this is relevant not only for beginners. And this cannot be done without proper knowledge about trading and cryptocurrencies in general. It is knowledge combined with experience that will give you the opportunity to make a profit.

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

cozytrade

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Quote from: sulendra12 on November 06, 2022, 05:29:46 PM

Quote from: Cynthia_sinach042 on September 28, 2022, 11:28:52 AM

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

This is correct.

Most of the newbies are asking what coins should they invest, but they don't know why they choose those coins because they just blatantly choosing it from other person picks without actually researching why and what are the reasons behind this and then they blame crypto because it's "bla bla bla". That's what common newbies actually are in my experience.
Do some research first before doing anything even you pick it from other person, so you can actually learn and try it by yourself once you are ready.

Just think what if the USA declare all the crypto as security then what will happen to these 12000+ token that is circulating in the marketplace? Most of them will be worthless and Many people from the USA will be forced to sell their tokens. We know this will have a very bad impact through out the whole crypto space. I think they are going to announce all the POS as security and ETH will be the first to the tank.

Elneni

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Many of our cryptocurrency communities are misled and deceived by news about crypto because others are paid to become victims or are given false information about crypto.

Topic: My thoughts and now my experience. (Read 1090 times)