- First of all, you can learn a lot here on this forum platform, and most of them will guide you to the things you want to know depending on what you want to say. You will experience a lot here from learning and trading in the crypto industry as well.
But of course, you should do some research before you take out money on the investment you want to make so that the capital you use for it is not wasted in the end.
Topic: My thoughts and now my experience. - page 5. (Read 1169 times)
It is good that you learned from your mistakes, these mistakes are the biggest teacher, it is true that the experience is harsh and the loss is difficult, but the important thing is for a person to learn from his mistakes because this gives him a great experience that he cannot get in any paid educational course, you have to look at the positive side of this harsh experience And learn from your mistakes and move forward and do not give in to despair, admitting mistakes and learning from them is the first step on the road to success.
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.
For newbies the knowledge is important but as beginner mistake everyone thinks that they knows the market better but at the end they only get better with the bitter experience and everyone has to cross this path.
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.
Would like to highlight this one since many are doing the wrong way of diversification since they are just buying coins/tokens without analyzing it and holding for years hoping for some profit but they failed on this one. Don't over diversified and just buy good projects that can last longer with the continuous improvements. Diversification is very important, we should always learn from our mistakes and as much as possible, don't deal with the fake projects. And if you diversify, remember to keep up yourself with the updates and progress.
So you won't be surprised that the coin is almost dying in the trading market, before you decide to discard it.
If you can't keep up with them, just select coins that are easy to access their development updates.
You are not only investing your money, but your time and other resources when you decide to invest on them.
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.
Would like to highlight this one since many are doing the wrong way of diversification since they are just buying coins/tokens without analyzing it and holding for years hoping for some profit but they failed on this one. Don't over diversified and just buy good projects that can last longer with the continuous improvements. Diversification is very important, we should always learn from our mistakes and as much as possible, don't deal with the fake projects. 
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.
It is always advised to shutdown emotions whenever we are engaging in trades and investment. Research and facts should be prioritized since it often resulted in a successful venture.
2. You haven't learnt enough just yet. It's not wise to invest with your kindergarten knowledge, take time to on them first.
Life is a continuous process of learning. So we should not stop learning especially when we are in venturing in financial industry.
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.
We should always verify every news we heard and apply whatever logic we can extract from it. It isn't good to be hyped by the news, with that we are basing our decision on our emotions. Better be calm and collect more information before doing any action.
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.
Diversification isn't bad and it is an SOP to do research in every investment, the worst thing is diversification beyond our capability.
That is why instead of blaming ourselves due to our losses and for our mistakes, we make a habit to consider this as a way to improve ourselves. Because in reality, no one is perfect and you're right, even experts suffer losses for not all the time we made the right decisions. This is how the market looks like, people will just be about to commit mistakes in order to know that our strategies are wrong and take action for not occurring again but too unfortunate that it can't be perfect no matter what we do.
It is important to draw conclusions and learn from your mistakes, because if this does not happen then there will be permanent losses. Mistakes are important for development, but if we are talking about trading, then these mistakes can be made while testing new strategies with small amounts, so as not to incur large losses.
That is why instead of blaming ourselves due to our losses and for our mistakes, we make a habit to consider this as a way to improve ourselves. Because in reality, no one is perfect and you're right, even experts suffer losses for not all the time we made the right decisions. This is how the market looks like, people will just be about to commit mistakes in order to know that our strategies are wrong and take action for not occurring again but too unfortunate that it can't be perfect no matter what we do.
It is important to draw conclusions and learn from your mistakes, because if this does not happen then there will be permanent losses. Mistakes are important for development, but if we are talking about trading, then these mistakes can be made while testing new strategies with small amounts, so as not to incur large losses. Unfortunately, losses will always be inevitable in crypto, regardless of how high your experiences are. Good thing is every losses comes with a great lesson too, so we should still look at it with positivity. However, knowing that crypto is highly risky, then we should exert more effort to DYOR as it’s the best way to lessen the risk and increase the chance to earn profits.
Realization is big factor for us to learn something from the mistake we do before we lose our money. And even if you are veteran on the industry still you are prone to lose because at the end no one can really actually point out accurately what will happen but for sure for the events goes and we meet it again for sure we can counter those loses and think about good things that can help us to earn or recover.
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.
I'd even go as far into saying that it will be almost guaranteed to happen. Even if you're already well versed with the cryptocurrency markets, the risk of losing money is still quite high.
Realization is big factor for us to learn something from the mistake we do before we lose our money. And even if you are veteran on the industry still you are prone to lose because at the end no one can really actually point out accurately what will happen but for sure for the events goes and we meet it again for sure we can counter those loses and think about good things that can help us to earn or recover.
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.
This forum really provides many things that we can learn and search for, additionally, this forum is also a very good place to have any type of discussion. We are here to learn more and more in order to get any information, from the past to the most updated one. Being ambitious for learning in this forum makes sense, but we must also balance it with our action, what we can do and what we are doing exactly to utilize every chance and information here, to be contributive in this forum. So, this will fulfill our ambition and rise up our understanding, ability, and also awareness about the crypto world entirely.
1. Emotions thoughts and feelings can hurt you if they were not researched.
Emotion becomes one of the ye elements if we are cornering in the crypto world. Even if we have good understanding about crypto, knowledge, and the ability to analysis, if we cannot control and manage emotion very well and wisely, we may be trapped inside and being lost-control. That is why it is very useful and important to be able to manage it
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.
I'd even go as far into saying that it will be almost guaranteed to happen. Even if you're already well versed with the cryptocurrency markets, the risk of losing money is still quite high.
If there is no thought in every person then he will never be able to achieve success in any work First you have to think and then you have to gain experience from there If you can think and experience there, you can become a successful person.And even there if you are not successful and the experience spoils, from there you will learn the most and experience the most.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
You've tried to open up and learn from your previous mistakes and want to correct them so you can take one more step forward. Many beginners have made many mistakes but not many are willing to try to rise from their mistakes and try their best and you are one of them.
I want to provide input for diversification because this can confuse some people. After all, so much news out there that invites them to invest in altcoins makes them not do research before investing. You may be able to take advice from others but always do your research before you buy. That way, you will know which coins to buy and make as your investment and avoid buying the wrong coins.
But if you are confused about choosing an altcoin, you don't need to go ahead and just stick to bitcoin because that is enough and you can even try to profit from bitcoin in bear and bull season time. And this depends on how your ability to analyze.
I want to provide input for diversification because this can confuse some people. After all, so much news out there that invites them to invest in altcoins makes them not do research before investing. You may be able to take advice from others but always do your research before you buy. That way, you will know which coins to buy and make as your investment and avoid buying the wrong coins.
But if you are confused about choosing an altcoin, you don't need to go ahead and just stick to bitcoin because that is enough and you can even try to profit from bitcoin in bear and bull season time. And this depends on how your ability to analyze.
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.
You cant really tell that it is really a foolish move, we could really able to experience these mistakes and errors since this market could really turn upside down without anticipating that it could really happen suddenly.News arent traps, it could be also determined as part of fundamentals if you are really that making some analysis to it but since not all news could make out some significant impact then it would be
understandable that results or outcomes will really be neither on both paths.Once you do gain up sufficient experience then these things wont really be surprising anymore.
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.
Is a wrong move to take jumping into what you don't have good knowledge about. Crypto investment is very risky. I hope you have learn your lesson now and not to have the believe that putting money to buy any coin is a direct profit already.
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.
Diversification is also an investment and before buying any coin you must have researched and have knowledge on it before real investment. The word diversification is to invest in another optional investment that is different from the formal so it also requires researching.
One golden rule for me especially in investing in new projects.
Don't let your experiences get to your head thinking you are a pro at it. Always try to be a newbie so that you will try to question everything about them.
We love asking questions back when we don't know anything yet, better to be in that POV again so you will not be wasting money.
Skeptical.
The experience only made you stronger but it doesn't mean you became a master of cryptocurrencies.
Don't let your experiences get to your head thinking you are a pro at it. Always try to be a newbie so that you will try to question everything about them.
We love asking questions back when we don't know anything yet, better to be in that POV again so you will not be wasting money.
Skeptical.
The experience only made you stronger but it doesn't mean you became a master of cryptocurrencies.
About the news, if you're new to the market, it's really going to cause you a lot of panics and hesitations especially if they're bad news like bans and related to FED and other financial companies.
That's why what you've said as #1 is true that anything that you're emotional about, it can lead you to hurt not just your feelings but also your pockets if you're not careful enough.
Bad news can really affect the market and and sometimes it can create panic,That's why what you've said as #1 is true that anything that you're emotional about, it can lead you to hurt not just your feelings but also your pockets if you're not careful enough.
and panic will make us sell our assets at the wrong time,
better learn more about the crypto market and spend as much time as possible on it
(....)
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.
Precisely! This is the most common mistake of people who are starting to trade. They thought that they will become millionaires in just 1 day or 1 week of trading or they though that when they start trading, they don't lose money. Also because of what they common to see on the internet or social media which advertise by some influencers or content creators.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.
I can relate to this when I was newbie before.
If you want to mature in the market, most people go through the stages that you go through, no newbie realizes that knowledge is the key to entering the market until they lose. Your advice is really helpful but in my opinion, the best way for newbies to grow up is to let them experience the same things that the market offers them. There is no better lesson or knowledge than your own experience in the market.
All 3 are good advice but the 4th I slightly disagree, just like in this bear market, diversification doesn't work when the altcoin market depends on the movement of bitcoin. When Bitcoin drops in price, the whole market is in the red so diversifying into altcoins is not necessary when you invest in bitcoin.
All 3 are good advice but the 4th I slightly disagree, just like in this bear market, diversification doesn't work when the altcoin market depends on the movement of bitcoin. When Bitcoin drops in price, the whole market is in the red so diversifying into altcoins is not necessary when you invest in bitcoin.
Jump to: