Share your Crypto experience. - page 2.

JamesDaniel90

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Quote from: Chato1977 on February 07, 2024, 09:42:08 PM

Quote from: JamesDaniel90 on November 21, 2022, 01:59:20 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, 01:59:20 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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Pepemo.vip

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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So anyway, I applied as a merit source :)

Quote from: naikturun on March 10, 2023, 10:21:32 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, 12:52:12 PM

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

Quote from: JamesDaniel90 on November 21, 2022, 01:59:20 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, 10:05:34 AM

Quote from: JamesDaniel90 on November 21, 2022, 01:59:20 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, 10:21:32 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, 06:26:57 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, 01:59:20 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.

tjtonmoy

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The first thing that comes to mind is to sell when you see the price falls. That's called emotional trading. You need to have a control over that. That's the first advice I got when I first faced a bear market.
I will tell you to do the same, as this is the best advice to give right now. See what other falls BTC have faced over the year from it's beginning. Then you will understand that is not the end. Just another speed breaker in the road. It will pick up the pace once more.

Dubaian

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Investing in crypto requires first of all intelligence. First of all, to do trending, you have to understand the market in such a way that you don't have to face losses. Investing should be done in good coins. If you invest, you should start with a small amount of money and later invest a little more money if you get a profit. But to profit from trending, it is best to invest in Bitcoin first. If you don't have to face loss in the future, if you trend like this, you can become a good businessman.

Chato1977

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Quote from: sulendra12 on December 08, 2022, 12:07:39 AM

Quote from: ?? on ??

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.

If you do love trading or cryptocurrency in general you shouldn't neglect the reality and forget the bad event or situation already happened in current day and the past, such as when it's on bad situation or bad market. Sure, like you said it could be better in the future but bad "day" or "year" does exist and instead of worrying about stuff, many people use it to buy more so it's still win to win for some traders.

But the thing here is that I am not really a fan of Trading , I would rather to gamble? or keep my funds on hold than to day trade (but I do semi long term sometimes) I treasure my Money and time so best to enjoy in which profitable institution you may enter and that is my stand till now.

Insanity

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Quote from: Dubaian on December 08, 2022, 10:13:06 AM

I think investing in crypto should not lose patience as it definitely requires a fair amount of patience. Otherwise it is not possible to make any profit by investing. If you invest in the market now and hold it patiently for a long time, you will definitely be able to manage as a trader. Otherwise you need to have a plan to get rich in the future by investing and you need to acquire good knowledge as an investment. Only then can you make yourself a successful trader by investing in crypto.

Yes I agree with you on this point. Because if you ever invest in cryptomarket that is the first thing you should do. You have to keep a cool head and keep an eye on the market situation. When the price of any coin in the market increases and when the price of any coin goes dumping. You have to target and exploit those coins so if you can exploit them for a few days then you can be profitable in a very short period of time.

jossiel

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Quote from: Dubaian on December 08, 2022, 10:13:06 AM

I think investing in crypto should not lose patience as it definitely requires a fair amount of patience. Otherwise it is not possible to make any profit by investing.

It's fair to think about patience and I agree to you. Because investors like me that don't have much knowledge before and still stick to the market and became patient.

I've reaped the rewards that one can do.

It's all about being patient and you've got still to do some research before doing anything so that you'll still get something for yourself, profit and learnings.

Topic: Share your Crypto experience. - page 2. (Read 1683 times)