Share your Crypto experience. | Bitcointalksearch.org

slaman29

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Quote from: lixer on April 28, 2024, 04:17:06 PM

Quote from: slaman29 on April 27, 2024, 11:18:02 AM

90% of us are not built to understand how to trade bulls and bears. It's a fact, we just have to accept it.

I think it is only possible if you buy early when price is still very cheap.

This is the mistake people in bitcoin made since 2012. They thought it was only possible to buy early when price is "cheap".

$10 was cheap at the time. When I got in, $1000 was cheap. Then after the 2017 bullrun, $4000 was cheap. Then in this recent one, $20000 was cheap.

Trust me in next cycle people will see $60000 as cheap.

And THAT is why I say DCA is the best, no trader knows for sure when the cheap price comes, they can guess, they can get it right sometimes. And usually only need to get it wrong a few times to bust.

lixer

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Quote from: slaman29 on April 27, 2024, 11:18:02 AM

Quote from: Zanab247 on April 27, 2024, 10:23:01 AM

I thought someone can trade his coins in the bear market to make a big profit, when I newly started trading because I used to see crypto trading like what I can do to become a professional with the knowledge of other business skills I acquired, but I missed a lot of profits that made me to discovered that when you trade your coins in the bull run help you to make a big profit

Now that another bear is about to occur in the crypto market soon, for people to buy and wait for the bull run to come before they can trade, it will allow you not to miss your opportunity too in every bull season which I have experienced positive results from that aspect .

You and everyone who ever did trading because we heard it from someone (yes even me included) fell for this trick.

Bull run, everyone profits. It's no brainer. But they forget that if they hodl anyway, you profit, probably less, but it's always yours. Trading makes you green and happy until the bull hides and the bear takes over. Then you suddenly see everything evaporate.

90% of us are not built to understand how to trade bulls and bears. It's a fact, we just have to accept it.

I think it is only possible if you buy early when price is still very cheap. We all have different reasons for selling and some can't hold for a very long time. With that being said, you shouldn't say that everyone profits in the bull run. Apart from selling early, there are also people who over HODL. It may be bad at first because they can miss the latest bull run but the good news is that they still have their coins and they still can participate on the next bull run which allows them to earn even better. A lot of us are naturally lazy but when it comes to cryptos, I think 90% is too much. Just because we are not built into it, doesn't mean we won't try anymore? No that was wrong.

slaman29

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Quote from: Zanab247 on April 27, 2024, 10:23:01 AM

I thought someone can trade his coins in the bear market to make a big profit, when I newly started trading because I used to see crypto trading like what I can do to become a professional with the knowledge of other business skills I acquired, but I missed a lot of profits that made me to discovered that when you trade your coins in the bull run help you to make a big profit

Now that another bear is about to occur in the crypto market soon, for people to buy and wait for the bull run to come before they can trade, it will allow you not to miss your opportunity too in every bull season which I have experienced positive results from that aspect .

You and everyone who ever did trading because we heard it from someone (yes even me included) fell for this trick.

Bull run, everyone profits. It's no brainer. But they forget that if they hodl anyway, you profit, probably less, but it's always yours. Trading makes you green and happy until the bull hides and the bear takes over. Then you suddenly see everything evaporate.

90% of us are not built to understand how to trade bulls and bears. It's a fact, we just have to accept it.

Zanab247

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If your target is to make a big profit from your crypto trading, I guess that 10 years of hodling is too small for you to achieve your goal because you can be expecting big profit from your hodling when you hodl more than 3 years, and you will surely achieve big profits from the market.

I thought someone can trade his coins in the bear market to make a big profit, when I newly started trading because I used to see crypto trading like what I can do to become a professional with the knowledge of other business skills I acquired, but I missed a lot of profits that made me to discovered that when you trade your coins in the bull run help you to make a big profit

Now that another bear is about to occur in the crypto market soon, for people to buy and wait for the bull run to come before they can trade, it will allow you not to miss your opportunity too in every bull season which I have experienced positive results from that aspect .

Assface16678

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Quote from: awik p on March 14, 2023, 12:19:32 PM

since I know cryptocurrencies, I rarely hold bitcoin, but I invest in ethereum, in the hope of being safe and getting bigger profits. but one time I trusted a new altcoin and I invested in it, but bad luck happened, the project failed and the altcoin became ashes until now, even though it had pumped, but I didn't sell it, therefore from my bitter experience, at this time prefer safe altcoins to invest, although trying my luck on new altcoins, I only use a little capital and not for the long term

I, too, am an investor in altcoins. I primarily do bitcoin and other coins such as ethereum, but that's not it because I feel that I can still earn more through investing and discovering new coins that have the potential to grow. And, like you, I also invest in new altcoins that have a project. When I see a promising coin, I immediately invest in it. Yes, it's too risky because we never know what will happen to it, but as I said, I only invest in new coins and projects that have the potential for growth. I experienced investing in a project that didn't last long, but it's okay. It's a lesson to be learned, but I also have a lot of coins that gave me profit, and I'm proud of them. So even with just bitcoin, I can still earn, but nothing beats the opportunity bitcoin gives; nothing beats the first coin.

JamesDaniel90

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Quote from: Chato1977 on February 07, 2024, 10:42:08 PM

Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.

if you are a true investor then there is no word like Bad Year for Bitcoin or crypto because this may sounds bad this moment but not in the next coming days.

Quote

My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.

lol 36% and you are reacting like this? what about like mine that losses more than half of my investment at this moment?

Quote

I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?

Thanks

experience is what you are asking? then keep Holding thats it because there is no more powerful way of investing than Keeping the coins on hold for longer time than being bothered by dumping market like now.

I started this thread 15 months ago and glad to say I am in much better position now, my portfolio is 28% in profit.

We are only a few months away from the halving now so good times are coming finally.

Chato1977

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Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.

if you are a true investor then there is no word like Bad Year for Bitcoin or crypto because this may sounds bad this moment but not in the next coming days.

Quote

My portfolio is currently 36% down And feel I have no choice but to hold till the next bull run which is hopefully only 12-18 months away. I will continue to DCA but in recent weeks I have slowed down having gone from investing every week to every 2 weeks as the prices just keep falling.

lol 36% and you are reacting like this? what about like mine that losses more than half of my investment at this moment?

Quote

I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?

Thanks

experience is what you are asking? then keep Holding thats it because there is no more powerful way of investing than Keeping the coins on hold for longer time than being bothered by dumping market like now.

awik p

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since I know cryptocurrencies, I rarely hold bitcoin, but I invest in ethereum, in the hope of being safe and getting bigger profits. but one time I trusted a new altcoin and I invested in it, but bad luck happened, the project failed and the altcoin became ashes until now, even though it had pumped, but I didn't sell it, therefore from my bitter experience, at this time prefer safe altcoins to invest, although trying my luck on new altcoins, I only use a little capital and not for the long term

huu78

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i have been in crypto for 4 years but not holding coins long term.
so I buy when there is an opportunity to go up then sell it maybe only holding it for 1-3 months.
then look at other coins.
and also from these transactions I also experienced losses and did not always profit but I enjoyed my process like that.

TheUltraElite

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Quote from: naikturun on March 10, 2023, 11:21:32 AM

I have a lot of crypto experience, so I can't tell everything. maybe I'll say a little painful experience in 2021 when I got a coin from the bounty and the estimate was 2000 $ then I sold it 6 months later the estimate went up to 100k $ there I felt sad because I couldn't hold it for 6 months.
but i saw that there are many people like me, so i started to understand about trend up and down.

Could you tell us which coin this was, as far as I remember most of the newly launched coins have been performing poorly, I may have missed some golden eggs there. My experience with altcoins have been that only, getting a golden egg is like searching for a needle in the haystack so it is a worthless attempt to make when you have bitcoin always ready to buy.

If you did make a profit here, forget about it and move on, consider yourself lucky that the same coin did not go down in the dumps and never went up, which has been the case with most altcoins.

stomachgrowls

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Quote from: Jody.Drummer on March 11, 2023, 01:52:12 PM

Quote from: Sorryfor on March 10, 2023, 11:05:34 AM

Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?

Surviving investing in crypto definitely requires a lot of patience. It can be seen that many bad times come in the market when the market goes completely down. Then it becomes very difficult for an investor to survive in that market. But one should never lose patience by investing but he should survive in the market with great courage. Many investors have very bad times when the market is in a bad position for a long period of time. So those who have experience in investing have a lot of patience and they don't feel volatility in investment even in bad times but they are patient.

Patience is really needed in this space, and there are not many people who have that kind of patience, especially when they see the profits that are already in the portfolio, they definitely want to be quick to enjoy them. Fear must also be suppressed because the market situation will not always be good and profitable, and it is in situations like this that we must suppress our fear and not make the mistake of panic selling, for example. We have to instill basic things like this in ourselves to become a good investor. These things may seem trivial, but they really matter in a world like this.

Agree, when it comes to patience then each person does really have that different level when it comes to patience on which not all people could really wait up for too long and not all would really be liking on
doing nothing at all and this is why they do really put up into their minds that they should really be doing up something so that they could really be able to see profits on shorter duration without needing
on having those long term holds.

Crypto experience out of long years is really like a roller coaster ride.Lots of things could happen along the way which is something not really that shocking since market is unpredictable
and cant really be known on where it would be going.

Jody.Drummer

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Quote from: Sorryfor on March 10, 2023, 11:05:34 AM

Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?

Surviving investing in crypto definitely requires a lot of patience. It can be seen that many bad times come in the market when the market goes completely down. Then it becomes very difficult for an investor to survive in that market. But one should never lose patience by investing but he should survive in the market with great courage. Many investors have very bad times when the market is in a bad position for a long period of time. So those who have experience in investing have a lot of patience and they don't feel volatility in investment even in bad times but they are patient.

Patience is really needed in this space, and there are not many people who have that kind of patience, especially when they see the profits that are already in the portfolio, they definitely want to be quick to enjoy them. Fear must also be suppressed because the market situation will not always be good and profitable, and it is in situations like this that we must suppress our fear and not make the mistake of panic selling, for example. We have to instill basic things like this in ourselves to become a good investor. These things may seem trivial, but they really matter in a world like this.

sana54210

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Quote from: naikturun on March 10, 2023, 11:21:32 AM

I have a lot of crypto experience, so I can't tell everything. maybe I'll say a little painful experience in 2021 when I got a coin from the bounty and the estimate was 2000 $ then I sold it 6 months later the estimate went up to 100k $ there I felt sad because I couldn't hold it for 6 months.
but i saw that there are many people like me, so i started to understand about trend up and down.

I don't know which one that is, but that is a whole ton of money. What went from being 2000 dollars as a "bounty" which is already an insane amount of money and not a simple thing, but then also ended up being 100k which is 50x higher at the same time just in 6 months? Not many things like that exists in the bitcoin world and that sounds like you are either not really giving the right numbers, or that is one of the most unique situations in the all crypto world that has ever happened.

Both 2k as bounty is something I have never heard, and 50x after bounty is also unheard of as well, if I had that, I would regret that as well, very much so.

lixer

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Quote from: Munir575 on March 07, 2023, 07:26:57 PM

familiarity with cryptocurrencies, specifically trading Given that I prefer investing over trading, I'm still relatively unskilled. I don't trade much, so I don't have a specific approach, but of course I am aware of the proper procedure. Although I don't like trading right now, I never know whether I'll do it again. I'll ensure that I've learned a lot before I get started.

So if you prefer investing over trading, why you must familiarize yourself more with trading when both acts are different? Trading is not simple and you can only waste your time if you won't engage on it after you master it. It is okay to be unskilled in investing because you will mostly do nothing here right after you buy the coins you think will have a great future. Picking coins isn't that hard as well because there are guides on different websites if what coins are best depending on our preference if we want either short or long-term.

@OP, no you did not enter on a wrong time but it was actually a perfect timing because last year was the start of the bear market but in fairness you acted mature enough as a newbie in cryptos. Just continue what you are planning and you will survive this bear with a profit in your hands.

naikturun

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I have a lot of crypto experience, so I can't tell everything. maybe I'll say a little painful experience in 2021 when I got a coin from the bounty and the estimate was 2000 $ then I sold it 6 months later the estimate went up to 100k $ there I felt sad because I couldn't hold it for 6 months.
but i saw that there are many people like me, so i started to understand about trend up and down.

Sorryfor

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Quote from: JamesDaniel90 on November 21, 2022, 02:59:20 PM

I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?

Surviving investing in crypto definitely requires a lot of patience. It can be seen that many bad times come in the market when the market goes completely down. Then it becomes very difficult for an investor to survive in that market. But one should never lose patience by investing but he should survive in the market with great courage. Many investors have very bad times when the market is in a bad position for a long period of time. So those who have experience in investing have a lot of patience and they don't feel volatility in investment even in bad times but they are patient.

Sweetbtc

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Quote

I am just wondering if those who have been involved with crypto for a few years at least could share their experience and offer any advice for those new like myself?

The crypto market is a place where knowledge is very important before entering, people without experience should avoid entering without research.It should be known whether the market is bullish or bearish.Because entry is always done in a bear market and when the market goes up you exit the market with profit.Entering the market without experience can lead to huge losses because when you do not know that the market is bullish, entering such a market can expose you to huge losses.Because you are buying where people are selling.So you should have complete knowledge of the market and all the cryptocurrencies, which cryptocurrency and which project is good and when and how to enter.Because only bear season is not only suitable for entry,The crypto you are entering should also be fully informed about its position in the market. Always enter the top projects where the risk of loss is minimal.The second most important thing is to always divide your capital into different cryptocurrencies so that if one project fails, the rest of your capital is safe.

Munir575

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familiarity with cryptocurrencies, specifically trading Given that I prefer investing over trading, I'm still relatively unskilled. I don't trade much, so I don't have a specific approach, but of course I am aware of the proper procedure. Although I don't like trading right now, I never know whether I'll do it again. I'll ensure that I've learned a lot before I get started.

Kgdktac

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Many long-term investors in cryptocurrency have learned to be patient and to not make investment decisions based on short-term market movements. They also understand that investing in cryptocurrency is a long-term game, and that there may be periods of volatility and low prices.

In short, the best advice for anyone new to investing in crypto, or for anyone experiencing a down market, is to be patient, diversify your portfolio, do your own research and not to invest more than you can afford to lose.

and by being patient we mean years at back of your mind.

Gladitorcomeback

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You enter the market when conditions of market was not so good therefore you lost much money but now the market is not so bad and those who have lost large part of their money can enhance their profits by trading in these days.

In previous certain years the market was high and I get good sum of money and the year 2022 was not profitable for me now I think that someone select some good coins and put different portion of money in different coin so their balance can have maximum value after the market grow more.

The trading sometime give you good worth but sometimes it goes against your hope. Therefore wait in case when worth is not according to you hope and sell when you think that this can give you profit.

Topic: Share your Crypto experience. (Read 1449 times)