The One Biggest Lesson you've learnt from Bitcoins Investment - page 2.

retnoanjani

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Quote from: Wenbing on May 09, 2020, 11:42:51 AM

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So, its a game with two tails....success and failure.

What is your own one big lesson?

Because that's the only possibility, if it's not profitable, it's a loss.
From the many stories and experiences of my friends that I know in this ecosystem, analysis can be missed, markets sometimes move full of surprises, and often luck plays a big role. I just don't want to be the next pizza man, so I use this bitcoin as best I can

BIT-BENDER

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Playbet.io - Crypto Casino and Sportsbook

A big lesson learnt by me so far is don't use a loan fund to invest in Bitcoin. A friend of mine ask me about Bitcoin and as I was half way into my explanation she asked if she could borrow money and invest that she has no fund and wanted me to assure her that it's going to work. I had to quickly Break it down and let her know how not logical that would be.
I have a post about loaning to invest in Bitcoin and reactions from drives home That it not a good method
https://bitcointalksearch.org/topic/m.54506800

Rengga Jati

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Hire Bitcointalk Camp. Manager @ r7promotions.com

- Don't be greedy.
- Don't be panic both in bullish and bearish.
- Plan a reasonable profit target.

In my view, the three points above are the most things that I learn from Bitcoin. We can learn them not only in Bitcoin investment but also in trading Bitcoin. For the first time investing or trading Bitcoin, I remembered that I have difficulties in controlling my self. I sometimes set a too big target and panic when Bitcoin price move quite big, both in decline and increase. However, as time goes by, I have learned how to deal with it. Finally, I know what to do right now.

jostorres

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I think one thing I have learnt from investing and trading cryptocurrency is that there is no substitute for hard work. In fact this is not something that has to do with cryptocurrency investment or trading, it applies to almost everything we are doing in life, if not all. Being a trader or an investor requires a lot of hard work.

Some people who invest their money in Bitcoin are fond of having too much expectation and a wrong strategy, and at the end they will not achieve anything. Before you can see success you will have to work with the right strategy, study and learn it and work hard towards that. You shouldn't expect to make money overnight and you should also not neglect your mistakes along the way.

Assface16678

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★Bitvest.io★ Play Plinko or Invest!

One of my biggest regret on making an investment is already happening previously when the market price of the bitcoin falls down because recently on the first month of the year of 2020 the market price of the coin falls down and by that, I made an investment before it happens which takes a lot of time to hold again and gain more profit on the previous falls down on the market I made another investment which is a good sign because I bought a lot of coins and makes a huge profit when the market price of the coin comes into the 10000 dollars which are right now. Before I do not have enough knowledge about the market movement and investment and made a mistake but by that, I learned a lot about my mistake and wait for the right time again to make a good investment.

Next is making an investment in the trading because on my first try on trading it gives me a winning game and next by that I loss all of my trades because of getting greedy and carried away because of my emotions to buy a lot of coins which is not a good timing and cause by that I lose on the liquidity of the market and this is not good feedback on me. For now, I make an analysis about to come back and win all of my trades again to gain profit.

DoubleEdgeEX

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It´s never too late to get in. It wasn´t in 2010, it wasn´t in 2014, it wasn´t even in 2017 or 2018 and it´s definately not in 2020. Until we see a significant decrease in volatility at a certain price level where it could be anticipated that it stays at this level for a while it´s a good idea to get in

Injective

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My biggest lesson is that I found there are time delay between every state (i.e. each block being mined), which allows for race conditions to manifest between transactions. I have every try to cancel my order but it was processed. I don't know if you have ever met these situation, but I believe that it happens everyday.

After study, I found that the decentralized exchanges such as EtherDelta only have around a 79%-90% success-rate for trade executions as a direct result of trade-collisions but all current implementations make numerous tradeoffs in decentralization, trustlessness, and liquidity. Left unresolved, these issues weaken the value proposition on using a decentralized exchange.

To resolve this same-block order conflict problem, we want to introduce a new protocol, Injective Protocol, a collision and front-running resistant decentralized exchange protocol on the Ethereum network that integrates verifiable delay functions as a proof-of-elapsed-time.

The big lesson gave me the idea to open my business. I believe it will help many traders as well.

Debonaire217

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In Code We Trust

Bitcoin has proven a lot of things so far, hypes and news isn't always trusted that is why the biggest lesson for me is to make sure that my decision is firm that if I want to hodl, make sure that I will not be affected by short term declines and lows, the assurance that we can have for profit is there, that is the bitcoin halving every 4 years, this makes sure that price will increase even though there's no valid proof to this theory. In addition, do not put your bitcoins to local exchanges wallets, better if you buy a hardware wallet because after knowing the secret to investing bitcoin, the next step is to know how you could secure your bitcoins as if, you would hold it for years.

tanjiran

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Quote from: siajeen on May 30, 2020, 05:35:57 AM

My biggest lesson from Bitcoin investment is to have patience. Lots and lots of patience. 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.

I also once regretted selling BTC too fast before the pump at the end of 2017. At that time I panicked because there was a decline, while I had responsibilities and needs that I had to fulfill, eventually I sold it. Luck was not on my side at the time, it took a while to console myself and make peace with the decision I made. It is hard, but I am very grateful and now I am trying to get other opportunities better and more patient. I realize, we must be prepared to face all the risks of each decision we choose, including managing mentality and patience, that's the best way to adapt here.

yazher

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You own the pen

The biggest lesson I've learnt in spending my time with Bitcoin is the real cause of vulnerability of the price. You may understand a thing or two about bitcoin but to understand the vulnerability of the price takes time and money to understand. especially when you invest at its high price, then suddenly the price just fell after a few hours you invested, you really feel what vulnerability means. You really need to listen when someone told you their fail stories because that will give you some ideas on what to avoid on your next investment. I used every useful thing I read here and that brings me a good result on my investment in BTC.

TitanGEL

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Quote from: rexxarofmoknathal on June 01, 2020, 07:47:55 AM

One of my most painful lesson I learnt from investments is to be patient and less reactive to small market changes. On so many occasions I had to pull out from my investment because of market dump and only later realising that if I HADN'T acted I would have been much better off. Another one big mistake I made was putting a lot of money into different projects but using the same platform, some of you may know what I'm talking about if you'd dealt or still dealing with Lendy.

I guess the bottom line of both my lessons are diversification of project within the same platform isn't enough as the platform itself could collapse, and lastly if you intend to go for long-term investment just forget about it, this is probably the best way to not be so reactive or get flustered with every single time the market changes.

I think what is wrong about you is how you manage the risks, it is a deadly strategy if you will go for long term investment and forget about it. It is better if we have proper cutting losses especially if we want to protect our money.
I learned how to handle the risks very well because of the past mistakes that I've done. I lose now a lot of money but I will regain it for sure as long as I'm focusing to my goal and I if I will stay a discipline trader.

rexxarofmoknathal

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One of my most painful lesson I learnt from investments is to be patient and less reactive to small market changes. On so many occasions I had to pull out from my investment because of market dump and only later realising that if I HADN'T acted I would have been much better off. Another one big mistake I made was putting a lot of money into different projects but using the same platform, some of you may know what I'm talking about if you'd dealt or still dealing with Lendy.

I guess the bottom line of both my lessons are diversification of project within the same platform isn't enough as the platform itself could collapse, and lastly if you intend to go for long-term investment just forget about it, this is probably the best way to not be so reactive or get flustered with every single time the market changes.

BuNga_cute

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One of the biggest lessons I get from bitcoin investing is not to be greedy, because greed will only make us lose money. I several times
missed the opportunity to make profits because of greed, so we must be able to control our emotions when investing. When we reach
the target sell, immediately sell the bitcoin that we have. Don't delay it, because you want to greater profit. Because if it's not sold
immediately, it means that greed has taken hold of us. And that will make us experience lose the opportunity to get profit, there is even
a possibility we will experience a loss.

thomas_morrison

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Quote from: KrisAlex18 on May 11, 2020, 04:28:52 AM

One thing on my kind when I heard investment is taking a risk, the lesson I have learned from this is we will get success from it based on our speculations to the value of the bitcoin if you are going to invest how because you are thinking that it would not go down anymore them you could still earn from it but you will earn more if you are going to wait for the least price of the bitcoin to reach before the highest peak of it.
You should know the movement of the graph observe always because it would be a great advantage for you.

Quote from: Yogee on May 09, 2020, 11:59:53 AM

My biggest lesson is to have a plan and follow it. I've been burned before because I got a little greedy.

Well said buddy, planning is the best way to be successful in everything we want, if we are going to follow completely all our plans then everything would be great as well.

Are there any good tools for monitoring Bitcoin exchanges worldwide?

alquinte

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When I first got into crypto I thought that holding was the way to go.

After a while I realized that with the investments I had (which were quite small) there is no point in holding. But at that time it was already too late.

Nowadays I trade quite fast, but I still have some wallets in which I hold emergency funds.

coinfinger

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I think the main lesson I have learnt from investing in cryptocurrency is to have patience and to always know the level of risk I can take. Most of us that are investing in Bitcoin and other cryptocurrencies are fond of rushing things. We don't give ourselves the time to grow, we keep rushing to make that money. This is a normal thing because we all have bills to pay and other things that we have to do with the money.

But despite that, we all must learn to have patience and not expect too much from this. And we should always be investing with a small percentage of our money and have patience and also look for other things to do. Honestly, when we are having other things to do, it will be look like we are having more patience about our investment with bitcoins and it is always good to leave our investment for longer duration in bitcoins to get bigger profits than what people do in short-term.

cabron

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https://www.betcoin.ag

Quote from: GDragon on May 30, 2020, 08:54:27 AM

Quote from: Wenbing on May 09, 2020, 11:42:51 AM

The Uncertainty Factor:

Investment always have element of uncertainty. Its always based on speculation of success which may not always be so.

I think one of the best lessons I've learned so far in investing is to always invest money that I really don't need to used for weeks and months. In that way, I can survive the uncertainty that I will face for a few months. So whenever I face bearish season, I can still stay calm because I can really wait until it goes high again.

I tried investing money that I really need expecting it to double for a week because I read it will, it didn't, and I already need to get the money so I just lost a few. One of the funniest newbie days for me.

The lesson learned so far is that I have to expect the worse to happen and that all my investment should fail so that in case if it will I'm not gonna be surprised then. Always rely on the fiat currency because in reality its always going to be the first to be preferred by the merchants to be accepted not some coins they don't know. So when the bear market begins again, this time I won't hesitate to put all my coins on stablecoin.

GDragon

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Quote from: Wenbing on May 09, 2020, 11:42:51 AM

The Uncertainty Factor:

Investment always have element of uncertainty. Its always based on speculation of success which may not always be so.

I think one of the best lessons I've learned so far in investing is to always invest money that I really don't need to used for weeks and months. In that way, I can survive the uncertainty that I will face for a few months. So whenever I face bearish season, I can still stay calm because I can really wait until it goes high again.

I tried investing money that I really need expecting it to double for a week because I read it will, it didn't, and I already need to get the money so I just lost a few. One of the funniest newbie days for me.

siajeen

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Activity: 30

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My biggest lesson from Bitcoin investment is to have patience. Lots and lots of patience. 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.

TitanGEL

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Activity: 1036

Merit: 281

When it comes to bitcoin investing, I think that the unforgettable lesson is there is always a opportunity in massive drops, when the price crashed where it is really dropped so much; we should be prepared to the bounce that will happen. There is a popular saying which is "the higher the crashed, the higher the bounce". When the price of bitcoin crashed again, we shouldnnot be part of the people who are staying away in the market because of the panic and fear.

We should be a person who will watch the chart and have a guts to buy. It is a counter trend strategy so we should also consider the risk by having cut loss and good position sizing. If we catch the dip, then there is a high potential of getting high returns.

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