This is very true actually. As a investor i must have to brain that profit and lose is 50 to 50 always though i am very good trader or investor. At the same time i have to patience about market recover and if market goes to down i have to average by reinvestment. But always have to select best token from market before investment so that i may recover my invest.
thanks.
Topic: The One Biggest Lesson you've learnt from Bitcoins Investment - page 3. (Read 1774 times)
My advice to those who are still amateurs, newbies or new to the cryptocurrency world is to make research before making investments
you can lose a lot of money if you don't conduct research first
if you have a good amount of money and want to invest in cryptocurrencies it is better to diversify your portfolio to mitigate risks
One of the biggest lessons that ive learnt from investing in crypto is that i did not diversify my portfolio therefore i have missed so many opportunities to gain money from tokens and coins at that time and also made myself vulnerable (the risk that i will lose my money)
you can lose a lot of money if you don't conduct research first
if you have a good amount of money and want to invest in cryptocurrencies it is better to diversify your portfolio to mitigate risks
One of the biggest lessons that ive learnt from investing in crypto is that i did not diversify my portfolio therefore i have missed so many opportunities to gain money from tokens and coins at that time and also made myself vulnerable (the risk that i will lose my money)
Only invest what you could afford to lose and I learn to wait patiently in order to earn more it is better to wait than to rush things in crypto.
I learn to control my emotion and to stay calm in some situation crypto have taught me so many things but those are the biggest lesson that I've learn from it.
I learn to control my emotion and to stay calm in some situation crypto have taught me so many things but those are the biggest lesson that I've learn from it.
The most remarkable lessons that I managed to get because of bitcoin investment is that the expensive price can become more expensive or what I say buying high and selling higher is a good strategy. I became a momentum trader because of the price actions of the bitcoin back on 2017 where it achieved its current all time high. But we should remember that managing risks are important so we should not recklessly put money on something that we are not fully understand.
You shouldn't always play with rallying price as you can also become the one who buys at the all time high thinking of selling their coins at a higher price as the same has been the situation for many people here on the forum. So you should avoid impulse trading and should do technical analysis or at least see what the analysts are saying as most of the times they are right in predicting the Price movement. I have also been stuck in holding the bag of altcoins by purchasing them at an inflated price during the time of a pump and had lost almost 0.2 btc that day due to greed of selling at a higher price. 
The most remarkable lessons that I managed to get because of bitcoin investment is that the expensive price can become more expensive or what I say buying high and selling higher is a good strategy. I became a momentum trader because of the price actions of the bitcoin back on 2017 where it achieved its current all time high. But we should remember that managing risks are important so we should not recklessly put money on something that we are not fully understand.
No hurry. Sometimes it's better to wait. Waiting often pays off.
This has hold true for me as initially I used to be a panic seller and the result was, I had to end up in loss every time. But slowly and steadily I understood it and according to the short- and long-term goals I invest and sell when required. So now I do not have to sell in panic times and sooner the market at times even re-bounces and gives the advantage to the holders of the coin.
No hurry. Sometimes it's better to wait. Waiting often pays off.
Wait in terms of holding or wait when the price is down? There's more to just wait in particular, I wouldn't advice anyone to wait when the price of Bitcoin get going down, rather sell whenever there's a profit for your holdings. Don't be stingy, don't be greedy and don't be a dumping grounds for the whales. This cryptocurrency market need those who're smart and wise enough to take action whenever they're having a profit of 10% and not aiming at 1000%.
And for me it is appropriate to wait than just look for selling even when we are at losses.
Because HODLERS are those people that invested their extra money here and can even risk ,not like those people that invested to have food in their Mouth.
Well I would like join the discussion...
My personnal opinion is that at the very beginning I was using the stop loss function, because I was scared to loose my inverstissement. By doing this, I was sometimes loosing money, sometimes earning money. Since I have stopped to use this function, I do NOT loose anything. I buy some crypto (in the top 50 usually) and wait. IF it goes down, I wait... one week, one month... until it recovers. But I do not sell if it dumps. I do not loose 1 cents now, it's my principles. I prefer to wait and see it dumping and pumping within the times, because we all know that your token will reach again your investment within the times.
So far now, I have reached 36k with a start of 19k in seven month by doing this way. I am really happy of my strategy and I love to play with the crypto market !
And one of the biggest trap according me is, do not get influenced/hype by the news (even if they are not fake), explaining all improvement regarding the token; Improvement doesn't mean pump nor dump. According me it doesn't influence at all the volatility. Be carefull of that and don't get hyped, that's a trap (a kind of FOMO I would say).
Patience + don t sell with loss = benefice only
My personnal opinion is that at the very beginning I was using the stop loss function, because I was scared to loose my inverstissement. By doing this, I was sometimes loosing money, sometimes earning money. Since I have stopped to use this function, I do NOT loose anything. I buy some crypto (in the top 50 usually) and wait. IF it goes down, I wait... one week, one month... until it recovers. But I do not sell if it dumps. I do not loose 1 cents now, it's my principles. I prefer to wait and see it dumping and pumping within the times, because we all know that your token will reach again your investment within the times.
So far now, I have reached 36k with a start of 19k in seven month by doing this way. I am really happy of my strategy and I love to play with the crypto market !
And one of the biggest trap according me is, do not get influenced/hype by the news (even if they are not fake), explaining all improvement regarding the token; Improvement doesn't mean pump nor dump. According me it doesn't influence at all the volatility. Be carefull of that and don't get hyped, that's a trap (a kind of FOMO I would say).
Patience + don t sell with loss = benefice only
Trading on Bitcoin for 5/6 years which I understand, actually this is a kind of investment where is nothing to say loss here, all you have to do is be patient. you just have to buy at Deep and sell when pumped.
But most people do just the opposite, they continue to observe the market when it starts pumping and get up to buy when it gets pumped. after that when they see a little dump then they go crazy to sell, all in all their patience is very low. Yes, it is "patience" that I have learned by investing in bitcoin.
But most people do just the opposite, they continue to observe the market when it starts pumping and get up to buy when it gets pumped. after that when they see a little dump then they go crazy to sell, all in all their patience is very low. Yes, it is "patience" that I have learned by investing in bitcoin.
Patience and analytical skills that we have to do in trading and bitcoin investment where you will do the analysis according to the coins you follow, news also sometimes has its influence on prices and make purchases at the right time and sell when pumping because that is what we are difficult to guess, don't panic about what happens in the crypto market because fud news always affects prices in the market so many panic and sell cheaper.
I've learned to do my research before investing or trading.
Back when I first got involved in cryptocurrencies I immediately made quite a good amount of profit. However, this led me to believe that I was some sort of market expert that was infallible... I was wrong.
I learned the hard way that it's possible to both gain and lose in this market. But if you know what you're doing and are well-read on the subject, you can ensure you win more than you lose.
Back when I first got involved in cryptocurrencies I immediately made quite a good amount of profit. However, this led me to believe that I was some sort of market expert that was infallible... I was wrong.
I learned the hard way that it's possible to both gain and lose in this market. But if you know what you're doing and are well-read on the subject, you can ensure you win more than you lose.
Hello everybody. I thought a lot about this topic and came to the conclusion that, in fact, the biggest lesson I learned when investing in bitcoin was when I tried to trade on the exchange unsuccessfully. Nothing made me learn from my mistakes and from the mistakes of other people in my life, like losing a deposit when trading on the exchange. It is negative emotions that always give a tremendous impetus to the study of a problem in any direction of life. Investing in bitcoin is no exception.
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Trading on Bitcoin for 5/6 years which I understand, actually this is a kind of investment where is nothing to say loss here, all you have to do is be patient. you just have to buy at Deep and sell when pumped.
But most people do just the opposite, they continue to observe the market when it starts pumping and get up to buy when it gets pumped. after that when they see a little dump then they go crazy to sell, all in all their patience is very low. Yes, it is "patience" that I have learned by investing in bitcoin.
But most people do just the opposite, they continue to observe the market when it starts pumping and get up to buy when it gets pumped. after that when they see a little dump then they go crazy to sell, all in all their patience is very low. Yes, it is "patience" that I have learned by investing in bitcoin.
my big lesson is probably something that has happened to many people:
when I started to trade I had some habits that don't let me think correctly, I bought bitcoin for $8000 for example and when the price dropped to $7800 I still believed that the price would go up again. When I woke up the next day the price had already dropped to $7200 and I still believed that the price would recover, it would pass a few days and the price would drop to $6800, I was irritated by it ... until I sold it and the next day the price started to rise to the point of exceeding $8000. it happened to me more than 10 times until i started using Stop - Limit and that's how the cycle of losses ended, but i must say it was a great lesson i learned and it took a long time to learn
when I started to trade I had some habits that don't let me think correctly, I bought bitcoin for $8000 for example and when the price dropped to $7800 I still believed that the price would go up again. When I woke up the next day the price had already dropped to $7200 and I still believed that the price would recover, it would pass a few days and the price would drop to $6800, I was irritated by it ... until I sold it and the next day the price started to rise to the point of exceeding $8000. it happened to me more than 10 times until i started using Stop - Limit and that's how the cycle of losses ended, but i must say it was a great lesson i learned and it took a long time to learn
I feel you mate I lost over 400$ in this buy and selling just because I sell my bitcoin and couldn't wait for the market price to pump again.
Maybe if your not good and long term investment you should just go for buy and selling even for a small profit at least you are not losing profit, but still earning also the time that it would take before it pumps again is a lot maybe months or year so getting that profit would take a big risk so it is not really a big loss if you already sell your bitcoin for a small pump or profit, still a win situation especially if you really need the money for an emergency.
It will matter if you are a long term holder or not and selling points will depend into your desired target.When in talks about patience then this place would really be the field that do really need up patience because if you do let yourself controlled by your emotions then
youll surely lose money.
Ive been into this kind of situation for how many times that i do let myself affected by fud which ended up on selling on loss from time to time
and do regret when you do saw recovery after how many days.
No hurry. Sometimes it's better to wait. Waiting often pays off.
Wait in terms of holding or wait when the price is down? There's more to just wait in particular, I wouldn't advice anyone to wait when the price of Bitcoin get going down, rather sell whenever there's a profit for your holdings. Don't be stingy, don't be greedy and don't be a dumping grounds for the whales. This cryptocurrency market need those who're smart and wise enough to take action whenever they're having a profit of 10% and not aiming at 1000%.
For those who know me can testify about my involvement into Bitcoin as a cryptocurrency, I came around to know about this technology from a friend who told me some horrible experience while holding Bitcoin. She hold some good stash of Bitcoin but never understand his to trade Bitcoin on exchange, whenever the price of Bitcoin goes down, she loss along the line and sometimes sold even at the dip for a greater loss.
I came into Bitcoin around early 2019 and study the trends to found out that; buy Bitcoin when the world crumble around the technology and hold when they will start f**lishly buying back. With this, I was able to make good profits for.myself and my friend. "What you trust, you should believe".
I came into Bitcoin around early 2019 and study the trends to found out that; buy Bitcoin when the world crumble around the technology and hold when they will start f**lishly buying back. With this, I was able to make good profits for.myself and my friend. "What you trust, you should believe".
I didnt really invest in btc. But I got an airdrop some years ago which was hydro.
I did this airdrop around 2017 and I was given 444444 Hydro. Then, I work in an organisation but I get paid with very small amount
To cut the story short, Hydro gets to 2 cents per token and I didn't make proper use of the token. I just kept exchanging them to btc and using btc to buy shit coins which almost all later yield nothing.
Now, I wish I started trading btc by then and I've been keeping them as btc. I know by now, I will still have some funds by hydro airdrop with me..
My lesson here is, I should have kept some as btc which is the No 1 of all cryptocurrency but u didn't . I bought bunch of shit coins and now, I'm regretting that.
Also, If I've know about trading by then, probably, I will not be regretting by now. But anyways, its all fine now, I can differentiate between shit Project, scam project and real project. Although I'm not fully perfect but Im more experienced.
I did this airdrop around 2017 and I was given 444444 Hydro. Then, I work in an organisation but I get paid with very small amount
To cut the story short, Hydro gets to 2 cents per token and I didn't make proper use of the token. I just kept exchanging them to btc and using btc to buy shit coins which almost all later yield nothing.
Now, I wish I started trading btc by then and I've been keeping them as btc. I know by now, I will still have some funds by hydro airdrop with me..
My lesson here is, I should have kept some as btc which is the No 1 of all cryptocurrency but u didn't . I bought bunch of shit coins and now, I'm regretting that.
Also, If I've know about trading by then, probably, I will not be regretting by now. But anyways, its all fine now, I can differentiate between shit Project, scam project and real project. Although I'm not fully perfect but Im more experienced.
my big lesson is probably something that has happened to many people:
when I started to trade I had some habits that don't let me think correctly, I bought bitcoin for $8000 for example and when the price dropped to $7800 I still believed that the price would go up again. When I woke up the next day the price had already dropped to $7200 and I still believed that the price would recover, it would pass a few days and the price would drop to $6800, I was irritated by it ... until I sold it and the next day the price started to rise to the point of exceeding $8000. it happened to me more than 10 times until i started using Stop - Limit and that's how the cycle of losses ended, but i must say it was a great lesson i learned and it took a long time to learn
when I started to trade I had some habits that don't let me think correctly, I bought bitcoin for $8000 for example and when the price dropped to $7800 I still believed that the price would go up again. When I woke up the next day the price had already dropped to $7200 and I still believed that the price would recover, it would pass a few days and the price would drop to $6800, I was irritated by it ... until I sold it and the next day the price started to rise to the point of exceeding $8000. it happened to me more than 10 times until i started using Stop - Limit and that's how the cycle of losses ended, but i must say it was a great lesson i learned and it took a long time to learn
I feel you mate I lost over 400$ in this buy and selling just because I sell my bitcoin and couldn't wait for the market price to pump again.
Maybe if your not good and long term investment you should just go for buy and selling even for a small profit at least you are not losing profit, but still earning also the time that it would take before it pumps again is a lot maybe months or year so getting that profit would take a big risk so it is not really a big loss if you already sell your bitcoin for a small pump or profit, still a win situation especially if you really need the money for an emergency.
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.
There are different ways I have worked with Bitcoin and I learnt a lesson from all of them. Talking about Bitcoin as an investment, I learnt to do my research perfectly and have patience. Whenever I invest in Bitcoin I always make sure that I do some good analysis work and after that I will be able to tell when is the right time to start my investment and once I invest I always have patience and hold for a long time. Then in trading, I have learnt to manage my risks and avoid some characters that are not good for a trader. It has really helped and I have also been able to apply what I learnt in areas where they are necessary.
Wait and not waste nerves due to falls. I got the bulk of my Bitcoins on various forums. I kept them both at a price of 20,000, and at a price of 3,500, and I continue to keep it now. It is a pity that in June 2017 he sold about 1.2 BTC (about 75% of all my BTC), because it took money to move. I wait six months, I could get 6-10 times more for this amount.
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