2. Enjoy the ride
Topic: Share your Crypto experience. - page 3. (Read 1534 times)
1. If you plan to HODL long get a good portion of your portfolio off exchanges if you haven't already.
2. Enjoy the ride
2. Enjoy the ride
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.
Trading with analysis is a must needed. My experience about crypto trading is not so good at all. I lost a huge amount got liquidated in future trading. We need to make short trades according to the analysis chart. That will be a great experience of trading.
Futures trading is for very experienced traders. And if inexperienced traders go for futures trading it will be like playing with fire. After doing market analysis and many times futures trading may see opposite results.
As I have seen in my crypto market journey, the more people leveraged their capital, the faster they disappeared from the market. So first of all it is important to get proper knowledge of crypto market and try to get knowledge about money management as well.
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.
Nope, you didn't come in a bad year. It's just that you got in too early. 10 months ago would be around Jan. Price was still high then compared to what it's at the present moment. However, now is a great time to get into cryptos when it seems the tokens have taken severe beatings and what remains is for them to start surging.So for the past 10 months, there is a drop but it is a steady drop and not from the peak, the peak was 13-14 months ago. That means anyone who started after that would be buying cheaper and if they hold it and sell later, they would be making a good return and could make a big profit when the time comes for them to sell at next ATH for example.
The value of your possessions is declining, therefore you need to be patient. You are in a bad predicament as you enter the market. Even some new people who begin in the same position as you, I'm sure many end up losing.
if you keep at it and make an effort to properly plan the management of your investment assets. I have no doubt that the investment you make will pay off for you. The cryptocurrency market is not a place where you can quickly become wealthy and successful. To make it all work out, there is a lot to learn. I hope your patience pays off in full.
That's a fact, many end up losing because they didn't expect that the market would crash upon their entry. It's not their problem but that's just sad for them because that's sort of discouragement to them as they've entered the market freshly. if you keep at it and make an effort to properly plan the management of your investment assets. I have no doubt that the investment you make will pay off for you. The cryptocurrency market is not a place where you can quickly become wealthy and successful. To make it all work out, there is a lot to learn. I hope your patience pays off in full.
Great things are being built up with the worst things and that's the same goes in the market so if someone new loses the value of the coins you've chosen. Start from there and study if you've bought the right coins and then if not, you need to do a reassessment of what you think is going to be a great long-term hold.
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.
Nope, you didn't come in a bad year. It's just that you got in too early. 10 months ago would be around Jan. Price was still high then compared to what it's at the present moment. However, now is a great time to get into cryptos when it seems the tokens have taken severe beatings and what remains is for them to start surging.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.
If what you're hodling is Bitcoin, you don't have to worry or panic. Just keep hodling. However, if otherwise you may want to consider mitigating your losses now by reviewing and discarding those without any use-case. Cut your loss short on them. 
The value of your possessions is declining, therefore you need to be patient. You are in a bad predicament as you enter the market. Even some new people who begin in the same position as you, I'm sure many end up losing.
if you keep at it and make an effort to properly plan the management of your investment assets. I have no doubt that the investment you make will pay off for you. The cryptocurrency market is not a place where you can quickly become wealthy and successful. To make it all work out, there is a lot to learn. I hope your patience pays off in full.
That's a fact, many end up losing because they didn't expect that the market would crash upon their entry. It's not their problem but that's just sad for them because that's sort of discouragement to them as they've entered the market freshly. if you keep at it and make an effort to properly plan the management of your investment assets. I have no doubt that the investment you make will pay off for you. The cryptocurrency market is not a place where you can quickly become wealthy and successful. To make it all work out, there is a lot to learn. I hope your patience pays off in full.
Great things are being built up with the worst things and that's the same goes in the market so if someone new loses the value of the coins you've chosen. Start from there and study if you've bought the right coins and then if not, you need to do a reassessment of what you think is going to be a great long-term hold.
In this thread, you don't really explain investing in bitcoin or altcoins. But if you invest in shitcoin of course it will be very difficult to recover. Usually they just follow the trend and can die at any time without having to see the market is bear or bull. Please note that good investments are only in bitcoin, ethereum and some of the top 10 coinmarketcap altcoins, other than that there will often be problems later on. If you are new for 10 months, I suggest to keep looking for experience, never stop and keep learning in crypto.
Unfortunately, there are a lot of shitcoins that are listed on CoinMarketCap and Coingecko daily. From my experience, I confirm that the new tokens have huge profits and are suitable for daily trading, but their investment is high risk. For a beginner trader, hunting for new promising projects will be difficult due to a lack of experience, so I fully agree that Bitcoin and Ethereum are among the best and safest investments. The top currencies are also good, but you need to constantly follow the movements and goals of their teams so that we do not become victims of another luna coin. Gaining experience may take a long time, and it may last for many years, but in the end, any beginner investor or trader will be able to choose the right time to buy and sell and do research that will enable him to determine the promising tokens that he will trade.
The value of your possessions is declining, therefore you need to be patient. You are in a bad predicament as you enter the market. Even some new people who begin in the same position as you, I'm sure many end up losing.
if you keep at it and make an effort to properly plan the management of your investment assets. I have no doubt that the investment you make will pay off for you. The cryptocurrency market is not a place where you can quickly become wealthy and successful. To make it all work out, there is a lot to learn. I hope your patience pays off in full.
if you keep at it and make an effort to properly plan the management of your investment assets. I have no doubt that the investment you make will pay off for you. The cryptocurrency market is not a place where you can quickly become wealthy and successful. To make it all work out, there is a lot to learn. I hope your patience pays off in full.
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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?
I honestly thought that I was going to lose all my invested funds the first time I invested in cryptocurrency a few years ago. It was challenging to watch the market crash and fall without having any idea about what happening or if it would still recover again. That was tough but things are different now. We now have an idea of how the market moves which is an advantage for new investors since they know the capability of the market. The bearish season is an open opportunity for everyone to buy and purchase potential coins and it isn't something to be feared of.
For those who have been in crypto since the last bear market are these low prices normal or something to be concerned about?
I will continue to DCA but with the last few weeks of bad news surrounding crypto I am more cautious now.
Investment or investing in cryptocurrency is dependable on your target, because i believe that every investor have target, and if you understand the rudiments of trading you will not be victim of the lose. Actually everyone who is into investment neither trading most be curious of investment of trading because of lose. I will continue to DCA but with the last few weeks of bad news surrounding crypto I am more cautious now.
I've seen a lot of newbies who engage immediately in futures trading and then they come back here only to whine about their losses. Well, that was their fault. There is nothing we can do about it.
It's because most people, especially newbies, are smart and bright during the bull run. They think profiting is easy as 1,2,3. The same goes with Future Trading, once they successfully gained some profits during the first phase of their actual run, their mindset is, it's not that hard to gain profit in crypto.
And after the series of wins, consecutive losses take place which leads to frustrations, disappointment, and regrets.
It's good for me to see newbies struggling since that will be their foundation in becoming good traders in the future.
Consecutive losses filter out those newbies that don't want to continue; this is really the testing phase in which you'll see if your strategy in putting trades and your risk management are working well since no matter how good your strategy is without a proper risk-reward ratio, you'll still end up losing everything. Experience is a good foundation; losses mold you to be a better trader and also strengthen your strategy, with which you can win more trades. Mental health is also the key in trading; if you can control it, then you are good to go.
Unfortunately when you enter the market continue to decline and until now there has been no sign to recover, I also experienced the same thing as you, I heard Bitcoin on the TV Talkshow in 2013, at that time the resource person told a success story because of mining bitcoin for a year and could be successful because A significant price surge at the end of 2013, then I was interested in investing around $ 500 in early 2014 and the price of dropped and I lost about 70% of money and this made me very sorry and there was no plan to return to Cryptocurrencies.
I guess you return once more to cryptocurrencies when you already know how the pattern of cryptocurrencies, well myself experience losing 90% on investing in crypto that is not in a top coinmarketcap but despite taking the loss I'm just going to stake all that remains, and hoping that crypto will back to new ATH when bull market started. It's really depressing that our investment goes down more than 50% in a short of time but if I have experienced that thing one time then the second time it won't affect my mental at all.
I've seen a lot of newbies who engage immediately in futures trading and then they come back here only to whine about their losses. Well, that was their fault. There is nothing we can do about it.
It's because most people, especially newbies, are smart and bright during the bull run. They think profiting is easy as 1,2,3. The same goes with Future Trading, once they successfully gained some profits during the first phase of their actual run, their mindset is, it's not that hard to gain profit in crypto.
And after the series of wins, consecutive losses take place which leads to frustrations, disappointment, and regrets.
It's good for me to see newbies struggling since that will be their foundation in becoming good traders in the future.
story becoming an experience Looking at what the OP said, most people are always looking for profit and do not consider studying or doing research, which is true, which is why you see many selling off everything or losing all of their money, some do not seek advice from experienced traders, looking at most traders once they have the fundamental knowledge of buying and selling they feel they do not need any other knowledge all they are after instead of understanding the steps in trading like understanding stop losses and take profit targets. few things to consider while you are interested in trading.
-exercising caution while dealing with con artists posing as support on social media.
-utilizing security tools like 2fa etc.
understanding technical analysis.
After observing the state of my portfolio due to the bear market, there is much more to discuss the fundamentals to know than just buying and selling, but what can be done is just to wait patiently for the rainy day when every holder will grin again.
-exercising caution while dealing with con artists posing as support on social media.
-utilizing security tools like 2fa etc.
understanding technical analysis.
After observing the state of my portfolio due to the bear market, there is much more to discuss the fundamentals to know than just buying and selling, but what can be done is just to wait patiently for the rainy day when every holder will grin again.
I've seen a lot of newbies who engage immediately in futures trading and then they come back here only to whine about their losses. Well, that was their fault. There is nothing we can do about it.
It's because most people, especially newbies, are smart and bright during the bull run. They think profiting is easy as 1,2,3. The same goes with Future Trading, once they successfully gained some profits during the first phase of their actual run, their mindset is, it's not that hard to gain profit in crypto.
And after the series of wins, consecutive losses take place which leads to frustrations, disappointment, and regrets.
It's good for me to see newbies struggling since that will be their foundation in becoming good traders in the future.
In few months experience cannot be built because in few months there is nothing to observe. Lots of people are experiencing losses and gain by investing major part of their cash into this field. I worked for longer period sometimes i think that i will certainly obtain benefit by such type of investment but later i observed that condition become unfavorable for me. losing and benefits cannot be observed and cannot be make certain as condition are unpredictable.
Some time investment does not make any profit but has to face more losses. It has been found that having good knowledge and understanding of training can be beneficial. If there is no idea in investing then it is never possible to succeed. It is better to invest in the coins that are especially good in the market. It is possible to profit from them mostly but if investing for a short period of time it is better to invest in good coins.for you to make yourself get improved.No one starts on being a pro which means that you do still have lots of rooms for improvement.Errors or mistake are really that common.
The thing here is that you shouldnt make yourself that easily give up if you are really that eager on learning up trading or investing here on cryptospace.
This would really be a smooth sail ride which means you would really be facing up lots of challenges and hardships but once you do able to get good grip of it
then you would really benefit from it for long term.
In few months experience cannot be built because in few months there is nothing to observe. Lots of people are experiencing losses and gain by investing major part of their cash into this field. I worked for longer period sometimes i think that i will certainly obtain benefit by such type of investment but later i observed that condition become unfavorable for me. losing and benefits cannot be observed and cannot be make certain as condition are unpredictable.
Some time investment does not make any profit but has to face more losses. It has been found that having good knowledge and understanding of training can be beneficial. If there is no idea in investing then it is never possible to succeed. It is better to invest in the coins that are especially good in the market. It is possible to profit from them mostly but if investing for a short period of time it is better to invest in good coins. With months you can get experience, with days and weeks you can get experience as well. Everybody's doesn't learn the same way so don't think everyone has to wait years before they gain the experience. With cryptocurency though it's advisable not to rush into anything as the market can always give you another opportunity to buy a particular coin.
My experience has been that, if you want to buy a particular coin, you should never buy all the coins at ones, always keep reserve money by the side as you can always buy a coin at a lower price.
All coins has their up days and down days so if a coin is currently priced high now, just wait on the market and you'll get that particular coin at a cheaper price.
But let's admit it, the longer you got involved on one thing, the better, so one must not think that they are already good at crypto even if they only learn it in a short period of time. I've seen a lot of newbies who engage immediately in futures trading and then they come back here only to whine about their losses. Well, that was their fault. There is nothing we can do about it.My experience has been that, if you want to buy a particular coin, you should never buy all the coins at ones, always keep reserve money by the side as you can always buy a coin at a lower price.
All coins has their up days and down days so if a coin is currently priced high now, just wait on the market and you'll get that particular coin at a cheaper price.
Now about the strategy that you are saying, I think it was also called DCA or dollar cost averaging. That's popular but there are people who can't monitor the market often so they will just all in, leave and come back only after some time to see if they are earning or not.
With months you can get experience, with days and weeks you can get experience as well. Everybody's doesn't learn the same way so don't think everyone has to wait years before they gain the experience. With cryptocurency though it's advisable not to rush into anything as the market can always give you another opportunity to buy a particular coin.
My experience has been that, if you want to buy a particular coin, you should never buy all the coins at ones, always keep reserve money by the side as you can always buy a coin at a lower price.
All coins has their up days and down days so if a coin is currently priced high now, just wait on the market and you'll get that particular coin at a cheaper price.
But let's admit it, the longer you got involved on one thing, the better, so one must not think that they are already good at crypto even if they only learn it in a short period of time. I've seen a lot of newbies who engage immediately in futures trading and then they come back here only to whine about their losses. Well, that was their fault. There is nothing we can do about it.My experience has been that, if you want to buy a particular coin, you should never buy all the coins at ones, always keep reserve money by the side as you can always buy a coin at a lower price.
All coins has their up days and down days so if a coin is currently priced high now, just wait on the market and you'll get that particular coin at a cheaper price.
Now about the strategy that you are saying, I think it was also called DCA or dollar cost averaging. That's popular but there are people who can't monitor the market often so they will just all in, leave and come back only after some time to see if they are earning or not.
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