Topic: My thoughts and now my experience. - page 2. (Read 1102 times)

...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.

That's a good lesson and a right thinking there. It's true that when someone got some success investment, they think that they're the best on it and considers themselves as experts.
Don't get fooled by that because you'll never know what mistake you may do and it's better to have that side of always eager to learn more new things in terms of investments, especially in the crypto market.

It's very obvious that nobody succeed in cryptocurrency without having the basic knowledge of cryptocurrency, but some people who rush and venture into cryptocurrency continuously to get lose in cryptocurrency because they have not scrutinized the system of cryptocurrency investment before venturing into it, you have to learn the basic concept of cryptocurrency first before investment, so it's my advice to the newbies.

That's a good lesson and a right thinking there. It's true that when someone got some success investment, they think that they're the best on it and considers themselves as experts.
Don't get fooled by that because you'll never know what mistake you may do and it's better to have that side of always eager to learn more new things in terms of investments, especially in the crypto market.

One guiding principle, particularly when investing in new ventures.
Don't allow your successes fool you into thinking you are an expert at it. Always pretend to be a novice so that you may challenge whatever they say.
When we are in the dark about something, we love to ask questions back. It is better to be in that position once more to avoid wasting money.
Skeptical.
You were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

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 were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

You are correct, many people are unable to see the difference and they think that just because they are part of this market and they put money in one of the thousands of coins in this market then they are traders already, but this is a lie, to become a trader you need at least a few months of arduous study and most likely you will need years before you can actually trade with the skill necessary to make money in the markets, and this explains why we see so many people losing money in the market as deep down they did not knew what they were doing.

This is the mindset of every newbie, they only see cryptocurrency as something that can only bring profits.  Most newbie are not aware that crypto is volatile because most of them fails to make research to understand what crypto is all about. I have been lots of people who are making plans to start up cryptocurrency and all this people I have seen they have the same mindset toward cryptocurrency. Newbies finds it difficult to do some research about cryptocurrency to understand the risk factors .

Hello everyone I joined this forum over a year now and I was very excited to join. I warmly by the forum members and I felt very welcomed. I had great ambition oh well I think my ambitions were overly much.

I had some thoughts about cryptocurrency and I thought they were enough for me to achieve all I had come here for.
I didn't spend much time and jumped into the crypto market and I guess it swallowed me. I ventured into investing, trading, schemes and everything that I thought would give me profits. How wrong I was, I made bad investments that were from my imagination that anything I touched in crypto would favour me all I had to do is buy a low and affordable coin and hold.

Long story short I have some coins in my possession that are dead and from reality now those coins won't rise again.

   My thoughts and now my experience that newbies like I was can learn.

1. Emotions thoughts and feelings can hurt you if they were not researched.

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

3. The news can be a disguised trap, I made many investments because I followed the news and what many people were doing, this is a foolish move.

4. Diversification that has no research behind it is foolish. I had thought that once you diversify you can do wrong, how wrong I was. You always have to diversify making use of research and don't be in a hurry to buy.


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.

People should take the crypto space as a site for business, but what they do is they treat it as a gambling house. Many people think they will make a lot of money even if they put their money in a meme project which team has promised it to be the next shiba inu or doge coin. Trusting project team also a mistake that newbie does when entering this market.

With cryptocurrency becoming more popular, newbies these days are very aggresive when they invest on crypto which most of them think that it is a quick rich scheme. They are easily influenced on what they saw on internet platforms like tiktok or youtube. They are too focused on the potential profit of investing in crypto that they tend to forgot learning its fundamentals.

-snip-


1. Emotions thoughts and feelings can hurt you if they were not researched.

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

3. The news can be a disguised trap, I made many investments because I followed the news and what many people were doing, this is a foolish move.

4. Diversification that has no research behind it is foolish. I had thought that once you diversify you can do wrong, how wrong I was. You always have to diversify making use of research and don't be in a hurry to buy.
-snip-

With cryptocurrency becoming more popular, newbies these days are very aggresive when they invest on crypto which most of them think that it is a quick rich scheme. They are easily influenced on what they saw on internet platforms like tiktok or youtube. They are too focused on the potential profit of investing in crypto that they tend to forgot learning its fundamentals.

What if you are really a pro at it? I think its a waste of time to make a research again when what you can find is the same as what you have learned on the past and asking others a question is like fooling them and yourself but there are people who act like a pro when the truth is that they are still starting on cryptos. This rule mainly applies to them.

News do have a certain effect on this market. If it's a positive news then the effect is also positive but negative news can also have a negative effect. Seeing your investment go down because of it, won't give you panic attacks if you are aware that cryptos can recover from a bad fall and negative news are not permanent but time will come that positive news can come which can aid the cryptos price.

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.

...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.

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.