Topic: The One Biggest Lesson you've learnt from Bitcoins Investment (Read 1765 times)
Anybody who has already said "Do your own research" has hit the mail on the head. Moreover, dont pay to much attention to Twitter noise. A few people who I introduced to Bitcoin soon went down the altcoin rabbithole listening to other (very convincing) newbies and scammers about the next 100x coin. They spent what Bitcoin they had on them, and needless to say, every one of them now wishes they had just HODL'd.
Lesson.
It is unpredictable.
It is unpredictable.
I suppose one of my biggest lesson in investment is to always research and learn on what kind of asset your planning to invest on and never trust any platforms that offers you passive income if you buy their services. Like in the phrase "if it's to good to be true then it's probably not true."
I most certainly agree with you on this since I can very much relate.
One other lesson I learnt is not too be too jumpy when assessing market changes, one can be tempted to quickly act, especially in a downtrend but often that happens too soon and sometimes if you wait you're fine. The big lesson therefore is to wait and wait, even if the trend is down it still is better to wait as the market will pick up momentum. I cannot emphasise enough how important it is to play the 'waiting game' - crucial, really!
One lesson was learning about how big the Cryptocurrency Industry is. The virtualization of money is revolutionary and might continue to develop in the future. Investing on Bitcoin was primarily a good choice if you started in the early 2000's BUT it is never to late to start something in where you will gain money from. Investing on Bitcoin taught me that we don't only need to invest on one Cryptocurrency because there are lots of them and it is our decision to pick whichever we see good to invest on.
My most important and big lesson is to have patience even and believe in your investments even if you see everyone yelling at you saying to sell your investments. We most always have a proper plan, do some investigation before investing and after that we most believe in our work and our investigations.
And the second lesson I learnt is "It is never too late to mend" whenever you feel you can do it and start with investing on Bitcoins never say it's too late and the game is over for us. These are the most important thing I learnt from investing on Bitcoin.
And the second lesson I learnt is "It is never too late to mend" whenever you feel you can do it and start with investing on Bitcoins never say it's too late and the game is over for us. These are the most important thing I learnt from investing on Bitcoin.
The Uncertainty Factor:
Investment always have element of uncertainty. Its always based on speculation of success which may not always be so.
So, its a game with two tails....success and failure.
What is your own one big lesson?
After doing your analysis and you sure about it . Don’t enter and forget about it. It can turn around. Talking from experience
I suppose one of my biggest lesson in investment is to always research and learn on what kind of asset your planning to invest on and never trust any platforms that offer you passive income if you buy their services. Like in the phrase "if it's too good to be true then it's probably not true."
I lost more than 80% of funds when I joined ICO in early 2018 because I was interested in the benefits offered. Yes, I just want those benefits without analyzing more closely related to the project. So I don't know the important fundamental factors that I can use as a reference to determine the right timing to sell it, so I'm late and then a dump occurs significantly. then the project stopped. it is a truly valuable experience. After that, I never joined ico again and decided to always do an in-depth analysis before making any decision. .There have been instances wherein I have sold my Bitcoin just before the price went up and I regretted my decision. It is better to keep a cool mind and always think about long term gain when you are investing in Bitcoin.
Well, everyone is saying patience is the key but what if patience worked against your expectations? I mean what if after waiting for a long time, instead of a rise in the price there is a decline in price.
What will you do ?
I think you can get many lessons from bitcoin investment. You can say that we learn about patient, calm down, not greedy, don't panic, and other things. But I believe that there are many other things that you can learn from the bitcoin investment, and that will give you more information before you decide to invest in bitcoin. Besides that, you should learn about how to analyze the bitcoin market so you can find the time to buy bitcoin, especially if you can see the price is at a low price.
The biggest lesson about Bitcoin investment is not be greedy ,be patient and dont believe in FOMO & FUD. Sometimes when I see the coin went 3x, for example I saw STR or XLM pumps I immediately buy it , not knowing I am already buying from the top. I also study basic chart reading.
What is your own one big lesson?
DYOR and do not listen or fall for the words of some people telling that if you buy bitcoin it will give you huge amount of profit. I've been hyped from the last ATH causing me to buy at a price near $20k. It would be pointless at this point if I would sell it, I have no choice but to hodl till I get to sell it at profit.
I can't say I am learning from my investments in crypto-currencies, I learn more
from experienced people, crypto-market volatility, how to hold during hard times.
Experience from everything connected with crypto-currencies is something I value
a lot. And after few years I know that I am still at the beginning, I still have a lot
to learn and a lot to discover.
from experienced people, crypto-market volatility, how to hold during hard times.
Experience from everything connected with crypto-currencies is something I value
a lot. And after few years I know that I am still at the beginning, I still have a lot
to learn and a lot to discover.
My lesson is to learn before you do anything. Crypto is a trap market where you can lose everything you have with just one wrong decision when investing in a cryptocurrency with no liquidity or scam ... Learn If you want to find a suitable model to follow and be aware, only use the amount of money you can lose to invest, never invest 100% of the money you have.
Crypto is a trap if you Don't know what you are entering for.
This is a market when vigilance is more important than profit,because if you are lazy and noob in everything then for sure you will lose everything invested here.
We have learn almost the same ,checking the thread from the beginning all are regretting that once they become greed lucky that some already learn to control and now are making good in their profiting.
cryptocurrency is a way to save your money during this crisis.
Yes, bit[Suspicious link removed]d choice. I think that during this hard time we should choose the safest ways to do it. First of all, don't put all your eggs in one basket.
Also, make a research on the offers. Just keep coins on the exchange or wallet, not enough. Think about special deposits, different schemes. Like gekkoin or something like that
Yes, bit[Suspicious link removed]d choice. I think that during this hard time we should choose the safest ways to do it. First of all, don't put all your eggs in one basket.
Also, make a research on the offers. Just keep coins on the exchange or wallet, not enough. Think about special deposits, different schemes. Like gekkoin or something like that
My lesson is to learn before you do anything. Crypto is a trap market where you can lose everything you have with just one wrong decision when investing in a cryptocurrency with no liquidity or scam ... Learn If you want to find a suitable model to follow and be aware, only use the amount of money you can lose to invest, never invest 100% of the money you have.
I do think the most important lesson one can learn from the cryptocurrencies as a whole is :
Patience
At a time like this one needs to wait for the right time and opportunity to actually trade and buy or sell the Bitcoins. If you do not keep track of the market you can easily loose a lot . If you get scared and encash out at an inappropriate time, you can end up regretting in the upcoming days .
Be it bull run or bearish run , the price will settle. Sooner or later it would be favourable therefore as soon as you do not invest in the Cryptocurrencies using your credit card or any other loans , you should be good to go.
Patience is something I believe is the most important thing that I have learned from investing in the Bitcoins.
Patience
At a time like this one needs to wait for the right time and opportunity to actually trade and buy or sell the Bitcoins. If you do not keep track of the market you can easily loose a lot . If you get scared and encash out at an inappropriate time, you can end up regretting in the upcoming days .
Be it bull run or bearish run , the price will settle. Sooner or later it would be favourable therefore as soon as you do not invest in the Cryptocurrencies using your credit card or any other loans , you should be good to go.
Patience is something I believe is the most important thing that I have learned from investing in the Bitcoins.
My lesson is make sure to backup your wallet / keys. Luckily only lost a small sum but scared me enough to always make sure I have my wallet backed up.
This was true when i started bitcoin, had a few hard disk crashes and luckily for me i have taken a print out for my private key and so i was able to recover my coins and i have heard many loosing the coins because they forgot to take any backups. But now everyone is aware of the risk and a backup is necessary.the biggest learning i have in Bitcoin investments?is never trust anyone specially those who's giving a Big speculation
because some of them are just a Paid account from
the whales to make misleading comment so noob and stupid people might believe and become a victim.
Speculations are useless most of the time. Just make things simple, You need to have the funds when the market goes down drastically and invest and wait for the long term rather than sweating about it. because some of them are just a Paid account from
the whales to make misleading comment so noob and stupid people might believe and become a victim.
My own one big lesson is to invest what you can afford to lose, you are right that investing in Cryptocurrency is very uncertain, you never know what's going to happen after you wake up, like what happen days ago when Bitcoin hit the $10,000 mark only to revert to $9500 in 24 hours, so always expect the unexpected.
That's the common ideas and advice we received since we joined this market to Invest what we can afford to lose and you
have just learned that recently?and why make it a big
problem if bitcoin hit 10,000 and reverted to 9,500 because you have not been thanking Bitcoin when it grows from 9,500
to 10,000 and more because remember this is a volatile
market and everything may happen in a minute or in months so be ready for changes and expect the unexpected
because the more we expect is the more we fail.
the biggest learning i have in Bitcoin investments?is never trust anyone specially those who's giving a Big speculation
because some of them are just a Paid account from
the whales to make misleading comment so noob and stupid people might believe and become a victim.
My own one big lesson is to invest what you can afford to lose, you are right that investing in Cryptocurrency is very uncertain, you never know what's going to happen after you wake up, like what happen days ago when Bitcoin hit the $10,000 mark only to revert to $9500 in 24 hours, so always expect the unexpected.
I suppose one of my biggest lesson in investment is to always research and learn on what kind of asset your planning to invest on and never trust any platforms that offers you passive income if you buy their services. Like in the phrase "if it's to good to be true then it's probably not true."
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