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.
What i want to make you to understand concerning trading of cryptocurrency, is that it needs more information and research, when you get updates from people you know that is master of trading and obtain knowledge of cryptocurrency from them. It will make you to understand the concept of cryptocurrency very well. So therefore i believe that cryptocurrency is trading is not easy and if precaution is not taken very well will be having a constant lose in trading. And that's while am telling you to know the rudiments of crypto trading before venturing into it. 
Topic: Share your Crypto experience. - page 4. (Read 1534 times)
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.
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.
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.
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.
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.
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.
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
I've been with the same situation a lot of times and I can relate to your struggles but one thing I've learned through years is to be patient and always trust the capability of the coins that you're holding. The market really has to go through this season as a part of its cycle and we can't avoid it but rather deal with it. 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.
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
If you can look back to the previous years, you'll see how the market dropped down and recovered later on. So the best thing to do is to keep holding rather than checking all your losses all the time. That will only cause you a mental breakdown so be calm and have patience.
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.
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.
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
I've been with the same situation a lot of times and I can relate to your struggles but one thing I've learned through years is to be patient and always trust the capability of the coins that you're holding. The market really has to go through this season as a part of its cycle and we can't avoid it but rather deal with it. 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.
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
If you can look back to the previous years, you'll see how the market dropped down and recovered later on. So the best thing to do is to keep holding rather than checking all your losses all the time. That will only cause you a mental breakdown so be calm and have patience.
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.
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.
Well I will share a not good crypto experience I have had and that is being scammed. This news does not come as a complete shock because there's a lot of money in crypto and people will always find ways to steal valuables.
If you look at it from a historical perspective there have always been people doing scams, it's just now crypto has become so common in the populace that people are targeting it. I've been scammed before and I'd love to say it'll never happen again but it's just hard to say.
I think the key is doing everything you can do to be careful but there are circumstances that are out of our control. It really sucks when someone pulls one over on you but you have to get back on the horse and not let it sink you into despair.
There are so many good people out there, don't let some bad apples stop you from living your life to the fullest and still take some educated risks.
If you look at it from a historical perspective there have always been people doing scams, it's just now crypto has become so common in the populace that people are targeting it. I've been scammed before and I'd love to say it'll never happen again but it's just hard to say.
I think the key is doing everything you can do to be careful but there are circumstances that are out of our control. It really sucks when someone pulls one over on you but you have to get back on the horse and not let it sink you into despair.
There are so many good people out there, don't let some bad apples stop you from living your life to the fullest and still take some educated risks.
Crypto is the best option for next generation but cryptocurrencies in my experience, cryptocurrencies can change the lives of many people, but only if cryptocurrencies is done with the right guidelines. But without proper guidelines it is not possible to make a good amount of profit in cryptocurrency. But most of the people want to profit very quickly in cryptocurrency which should not be done in this case. Cryptocurrencies are mostly managed with long-term planning.
Cryptocurrency is an innovative setting and this makes it to be the best option for the generation but having the right guidelines can convincing and tricky either to newbies I think what's needed is the right knowledge.Investing in crypto is risky, and few can accept the risk behind it.
They hope to make a lot of profit in the short term, which is not always happening.
But if they can learn more about cryptos, they will see that investing in cryptos is a way to profit in the future.
Any investor that focuses much on profit before he makes an investment or has the needed knowledge has technically made a loss before he makes an investment.They hope to make a lot of profit in the short term, which is not always happening.
But if they can learn more about cryptos, they will see that investing in cryptos is a way to profit in the future.
Crypto (Bitcoin) is risky but the risk can be lowest if knowledge is involved.
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
Crypto is the best option for next generation but cryptocurrencies in my experience, cryptocurrencies can change the lives of many people, but only if cryptocurrencies is done with the right guidelines. But without proper guidelines it is not possible to make a good amount of profit in cryptocurrency. But most of the people want to profit very quickly in cryptocurrency which should not be done in this case. Cryptocurrencies are mostly managed with long-term planning.
But they won't get much profit if they don't learn much about crypto and only rely on other people to invest or make money.Investing in crypto is risky, and few can accept the risk behind it.
They hope to make a lot of profit in the short term, which is not always happening.
But if they can learn more about cryptos, they will see that investing in cryptos is a way to profit in the future.
Cut loss is better for those traders but for the long term investors, they don't sell at a loss but they are buying more coins when the price is dumping. They know that they can make more money more than what they have spent.
What you say I will only partially agree, cut loss is always used in trading, that's not wrong but in investing sometimes we will have to use it too. It depends on which coin you invest in, never use cut loss if you are investing in bitcoin but with altcoins like Luna or FTX, or recently Solana. If they are in your portfolio, when something goes wrong, consider selling. The market is very bad, I think those who still have altcoins in their portfolio should think about using cut loss.
There are still lots of challenges and tough days that you will encounter here in crypto. Your 10 months of experience is just a part of your big journey.
Regarding your mentioned strategy, actually, there is nothing wrong to stick with that since, after all, we don't know what will happen next.
Take this current market trend as a challenge to improve your strategy.
That is really a test for traders and investors. In this kind of trend, traders will adjust their strategy so that they can win a trade. Let's be adaptive to the trends of the market so that we can still earn a profit. Though the profit is small compared to the uptrend, it is still better than losing money. Try to make another strategy or strengthen your strategy now so that you can still win a trade, but if it is not worth the risk, let's just wait until the market is stable.
Crypto is the best option for next generation but cryptocurrencies in my experience, cryptocurrencies can change the lives of many people, but only if cryptocurrencies is done with the right guidelines. But without proper guidelines it is not possible to make a good amount of profit in cryptocurrency. But most of the people want to profit very quickly in cryptocurrency which should not be done in this case. Cryptocurrencies are mostly managed with long-term planning.
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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?
If you got in at a price higher than average you would see losses when the bear market starts. But I would suggest you to hold on to the DCA for now completely and just wait it out in order to boost your confidence once the bull comes back. Another strategy could be to buy at the low and not DCA but sell at the high only.My experience has been so far so good, considering I am a very cautious trader and I usually go with very broad ranges to buy or sell at, usually that means having a time period of at least 6months to buy/sell one cycle.
I suggest you hold your horses and have patience, the initial years of crypto road might be bumpy specially when a bear market is ongoing, but I have seen it go through the cycles more than once and I can say that people will lament once the market goes up because they forgot to buy at low and also complain when prices go down because they bought at the high.
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.
(....)
This is tough, this is normal to have losses, but make sure your losses will not affect your life, or let's say what money you invested will not affect your entire life even 100% of them will be lost. The famous quote comes here, "Invest what you afford to lose". This is one of many basics good action when investing, especially in cryptocurrency which is extremely volatile. (....)
I ma still holding GTN (Relictum Pro) because I missed selling at the rate that I wanted to. This is so bad because their listing rate is lower than the token sale. bad enough. ANd I have nothing to do with the coin right now, ly holding and expecting that the coin price will rise higher again.
This is not only for GTN but also for all new project tokens or coins. Never trust anything new because they commonly will only make promises but will lack proof for the promise itself.
Investment that is relaly worthy is only on Bitcoin,
This is not only for GTN but also for all new project tokens or coins. Never trust anything new because they commonly will only make promises but will lack proof for the promise itself.
Investment that is relaly worthy is only on Bitcoin,
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.
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.
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
You must wait until the next pumping.Because you start investing without fully understanding your market.You bought everything here at high prices but held onto it hoping for more profit. Because now you are facing a lot of losses.Always remember one thing after buying something from the market if you have profit there later you should sell that thing.Then you never did what you should have bought when the market went down again.Currently the market is dumping a lot if you can wait long after buying from this market then surely you could own a lot of money.However, after that, remember to sell your investment if you get more profit.And wait for the next dumping. In case of dumping, you will reinvest from there. 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.
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
I've been in cryptocurrencies since approximately 2014, with two major breaks in 2014 and 2018. My Bitcoin's value has plummeted over 60%, but you know what? I don't really care. On the contrary, I'm somewhat satisfied when its value drops because every time I get paid in Bitcoin, I receive a significantly larger amount of BTC. You're still early in the game, but the issue is that the media often portrayed cryptocurrency success stories in such a way that they looked like a get-rich-quick scheme. Trust me, they're not. You'll need a ton of patience to survive the bear market; I didn't in 2018. If I hadn't quit then, there's a great chance that I'd have a great deal of money now.
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