Topic: Stay off any missed opportunity - page 2. (Read 327 times)

This most have happened to a number of people in the crypto market and this is because most users of cryptocurrency are of the believe of making it rich after a one or two trials, they fall for the news and FOMO while they’re been used to clear liquidity. Any missed opportunity was never meant to be yours, trying to follow up and thinking that you still have chance to make something out of it, could make you lose everything. Instead of doing that, wait for another opportunity to buy at a low price and sell when the price begins to rise.

Obviously, why would anyone buy such a coin that has already gained a lot in its price these kinds of coins we should avoid to invest these because they have already gained a lot of value. We should buy/invest in those coins that are currently trading at a lower value and they are good projects i mean to say if you see a good future value in these projects that are currently trading at the lower value you should consider to invest in these kinds of projects. In the Space of cryptocurrency we should keep in mind one thing that earning a lot of profit is not the trick but making a small amount safe is the trick rather than waiting and booking them at only once because in this way we can lose the whole of our portfolio into the negative red colour.

I am saying this because let's say you have bought such a coin that already has gained a lot of value and it starts to suddenly crash after your entry into that specific coin then you have to wait a long period of time to cover your loss from that coin. That is why we should stay away and stay safe from these kinds of step. One more thing to keep in mind is that nobody knows the 100% accurate action of the market that may happen in the coming time maybe it can lose its value or gain as well. But we should consider our risk management as the first priority by not taking entry in such coins. DYOR!

Understanding the market condition is vital especially if we are trading. The volatility of the market is one reason why people make good profits (and losses). The usual thing we do in trading is to buy low and sell high, not to buy high and sell low. It means that once missed the chance to buy this coin at a cheaper price, we don't have to think of buying it at a high price. Yes, it was not recommended because most of the time drops come next after the pump and we find it a normal situation in the market since before.

Like what happened to meme coins where a lot of people are buying during its hype and many of them lose their money due to sudden price collapse making these investors sell their coins even at a cheaper price.

There is a specific term used for what you are trying to explain, it is called FOMO which stands for Fear Of Missing Out. When a person sees a cryptocurrency has gone very high and is still going, they know they have missed the opportunity to ride the wave but they think of making a quick entry followed by a quick exit with some profit, but when they make the entry, the cryptocurrency starts losing value because it is already overbought.
I have had a lot of such experiences as a newbie in the market, and I still remember how much money I used to lose because of FOMO in new and old tokens because I didn't know about all these things and I used to think that is how you earn money in trading.

The point that OP is trying to make cannot be overemphasized. I see it happen daily in the market. Today, you see a project at a certain price zone but didn't bid or buy in. Next time, you see that the price has risen, possibly by a lot. Then you try to salvage the situation by buying at current price with the hope to make a quick % profit.

Well, I relate to that because it has happened a lot of times to meet and it often ends badly when I try to chase the price only to end up being exit liquidity for others to take profit. It sounds funny but in hindsight, it isn't. This happens in the forex market as well not just the crypto market. In crypto, I'd be careful with narrative notions too. "Oh memecoins are pumping" — buys memecoins. "Oh AI tokens are the shit now" — buys AI tokens. That too is bad.

My definition os opportunity in trading is that you are the one that will make your own opportunity, meaning based on your analysis or decision you are the one that will determine it if you will earn from a trade or not and the result will of course baded on your execution, bitcoin or any crypto currency market has a very volatile market so the opportunity is limitless, but of course there are what we call trends so it is really necessary for a trader to work on his/her own knowledge and decision making and of course your experience, no one become a trader is being a professional and can achieve 50% win rate in trading in just a short time, you will need experience as experience is the great lesson of all, that's when you will discover and adopt things, so don't be frustrated if in your first year you have a few wins, instead focus on developing your skills.

There is a mistake that most people usually make in terms of buying and selling highly volatile assets, which most of the time leads them to lose a large amount of money. They might not be able to recover, and this mistake is that a trader might be able to have a good entry point, which they bought very low, and they set a selling price.
 
The coin eventually hit that target, and the order was executed eventually, but upon checking the price and chart, they believe the coin will go all high again.
 
Instead of waiting for the perfect time to pull back, they rush and buy at a high price, which means both the profit they made and their first capital will all go in. Instead of the coin pumping back in as they expected, they started seeing the market go sideways. Such traders are always inpatient, and they can sell in a hurry even when they are encountering losses.

If you will feel such emotion, you may panic because you think you are missing out and the tendency to invest without so much thinking about it is there. Should not jump on the hype but instead think of your own financial capabilities. FOMO in the market will always be there. Now, it depends on the people how they will act on it.

I get it.  You are new to crypto, and it shows.  When you first start out with crypto trading, the volatility can feel intimidating and  those huge price swings on the spot markets seem daunting if you dont understand them.  But the thing is - rather than fearing the waves, try riding them instead! Sure it is annoying to miss those early pumps.  But many coins keep climbing after an initial surge.  If you automatically jump ship just because the price went up, youre missing out on potential longer-term gains.

Now I am not saying you should blindly FOMO into every pump and get wrecked.  You gotta be smart about this.  Do your homework, learn to spot real trends versus temporary spikes, and dont be afraid to take a position even if the price has already moved.  There is a healthy middle ground between fearing every rally and FOMO.  Learn the difference and those intimidating spot price swings start looking a lot more attractive.

There is always a temptation to pursue missed opportunities. In gambling, we say it is chasing losses. If you have crypto friends, it is not uncommon to see things on their status like, "This coin is hitting its ATH and here's me sidelined. Premium tears."

The opportunities in the crypto industry is limitless. And like you said, everyone should cultivate patience and discipline, rather than succumbing to the fear of missing out (FOMO) or the desire to recoup losses from a missed trade. An individual who has this perspective will overcome impulsive decisions and ultimately preserve their capital for more promising opportunities.

It's not, this is all about trading discussion and you will have to move the thread to the appropriate board for proper discussions from members.


All i can bring out here is the advice you're suggesting to every trader on liquidation and how they can learn lessons from their own and other peoples experience, this is not a bad idea, people made mistakes and we need to from time to time remind ourselves of what is needed to take cognizance of while trading in cryptocurrency, and this applies as well to the beginners in trading.

This suggestion is good, but there is still hope that bitcoin may get to $100000 and increase above that price. If bitcoin increase above that price, some altcoins that is for gambling will also still increase. I think to still gamble with altcoins can be good but it should not be for a long time as hugeblack said already. But patience is good, some people can wait until the market fall very well and invest. That will be a good time.

staying away from missed opportunities is staying away from potential growth, for instance, the cryptocurrency in recent years has surged beyond paper money which people regretted not to be a part off. There isn't the best time rather the best time is now.

The profit from investing in cryptocurrencies is in buying, not selling. If you are buying at a high price or in an upward trend, you will most likely not achieve any good profits. Therefore, pay attention to the buying price more than the selling price and always try to buy when the price is low and there is a high possibility that the price will rise. In the coming days, there will be burning of currencies or listings, but as soon as the price begins to rise, do not try to invest unless it is short-term, within an hour or two, and in small amounts.

I don't know if here is the right place for this post,  but if it's not, please redirect it,.
For the short time I have been into this crypto industry, I have observed and experience many things, especially when trading the spot market, it's very important that you stay off any missed opportunity,  like if a coin has already rise to a very high figure, don't just try to look if you can salvage something out from that particular market, because the price of that particular asset  might collapse on you, you will be used to clear liquidity, so it's best you look for another opportunity, in another asset, than to try try to salvage something from the missed opportunity.

I know that most of us here might have experience such before, and have been used to clear liquidity in the past, but it's very important we learn from them, opportunities are countless in the crypto industry, what is required is just patience, just wait for another opportunity than to do anything that will make you lose money.