The One Biggest Lesson you've learnt from Bitcoins Investment - page 5.

maydna

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Don't panic if you see the price drops, especially when you woke up Grin

I learn that from my experience before, and I still trying not to panic even if sometimes I feel it is hard not to panic. Besides don't panic, never trust other people before you can search for the other news about bitcoin, so you will know if that news is real or not.

I learnt about investing bitcoin on the bitcoin website, and later, I know that the website is HYIP. That makes me lose some bitcoin because, at that time, I don't have the right information about what I am going to do with my bitcoin.

onrise

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Quote from: Zeke_23 on May 15, 2020, 01:06:13 AM

One biggest lesson I've learnt from bitcoin investment was, I should not make things rush. I always need to be patient and wait for the right time. There is no such thing as easy money, all will come in the right process and the right timing.

Patience is the key to many thing and in crypto it is more so essential because the volatility which involves in bitcoin is very high and so you take decision in a rush it can lead to heavy losses within minutes because market can rise easily couple of hundred $ within few minutes as well on the very best day. So we should not be doing anything in hurry and should have a goal attached to any investment.

Eugenar

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One of my biggest lessons in investing is patience. We should have this kind of characteristic for us to earn money from investing. Being inpatient would lead us to earn lesser than those people who can wait for a long time.

We should need patience in order for us to make money from it, as we all know bitcoin is volatile so the price of it changes time by time, and one thing that makes me so inpatient is that when the price of the bitcoin goes down. Example when I invest when the price of the bitcoin is $6000 and then in the other day it reaches $7000 I will can out it because of thinking that it would go down again but in the next another day it reaches $10000 that is why I get sad because I lost the chance because of being inpatient.
I have learned also that we should try the long term investment.

carlisle1

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What i have learn in Bitcoin investing is no can can permanently stand in the word HODL,because i have been holding and stays strong for years until this Pandemic comes and forces me to withdraw half of my holdings for family support.

Quote from: mindrust on May 15, 2020, 02:16:44 AM

My lesson was:

Never ever invest more than you could afford to lose.

I thought I knew this rule but guess what, I didn't.

So have you invested some amount that you cant afford to lose then?lucky that i never did this because all of my investments here are money that i gain outside of my obligation to my family.

Alucard1

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One of the biggest lessons for me is to grab the opportunity.

I am always investing and I want the price of bitcoin to go down too low before I invest, for example when the price of the bitcoi. reaches $6,000 I will not still invest because I am thinking that it would go lower, then the next day it reaches $5000 but I will not still invest because of thinking to if goes lower but in the next another day it goes up and back to $6000 so I get sad but I am still hoping that it would go down, but it goes up again and in the end, I didn't invest because it is now high.

Botnake

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Quote from: mindrust on May 15, 2020, 02:16:44 AM

My lesson was:

Never ever invest more than you could afford to lose.

I thought I knew this rule but guess what, I didn't.

This is just a rule, it's always up to us if we follow it or not, and we are just humans, sometimes we make mistakes that we only realize after the action has been made. This is the golden rule actually, if we follow it then we will not experience any problem, but then sometimes we need to take a higher risk for a higher goal.

mindrust

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My lesson was:

Never ever invest more than you could afford to lose.

I thought I knew this rule but guess what, I didn't.

Lorence.xD

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Quote from: Zeke_23 on May 15, 2020, 01:06:13 AM

One biggest lesson I've learnt from bitcoin investment was, I should not make things rush. I always need to be patient and wait for the right time. There is no such thing as easy money, all will come in the right process and the right timing.

I thought that having patience and not rushing things was enough but I think that as I further learned more about cryptocurrency, finance, and myself, the real lesson that I learn is not patience but to create sound decisions, having patience without a clear plan is like fighting a war without guns. At first I thought that holding on to my crypto is enough but as I continue learning, my perspective has changed, instead of holding, I could use it to invest in something and the return will be used for trading, I am still learning but a clear has never been closer for me.

imstillthebest

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its not based on speculation but its based on your asset because speculations are not the ones that dictate if what will the price will be .

not all people will easily believe on a mere speculation imo . like for example me im an hodler of btc and i wont sell if i heard a bad speculation but i believe on the techology behind on my coin . now im correct because btc still keep on increasing up to this date . i think i will consider that as my lesson too when investing .

Vannie12

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Biggest lesson i have learned is to hodl as long as you can hodl. Don't sell if it is unecessary. Though bitcoins are truly currencies that is very useful due to its decentralization, I suggest use it wisely.
When you sell or spend, you will have that feeling that it is scary to invest again. Do everything with precautions.

Zeke_23

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One biggest lesson I've learnt from bitcoin investment was, I should not make things rush. I always need to be patient and wait for the right time. There is no such thing as easy money, all will come in the right process and the right timing.

raidarksword

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Bitcoin is like a riding a roller coaster it comes ups and down, it also shows who has the strong hands despite the volatility it possess and how it can bring a good investment into a downfall in just a split of seconds. I, personally would say that the biggest lesson i learned from this, is that i should have more a strong holder since i started on crypto. I would believe holders are the winners all the time because they believe in the power of crypto currency and how it can make them more successful like everyone else in the industry.

Wenbing

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There is gold in volatility..

Quote from: coolcoinz on May 10, 2020, 12:50:23 PM

My biggest leasson was to not get involved in any schemes, ways of getting money fast, multiplying an investment and so on.
Whenever you send your coins to a centralized exchange, a cloud mining site, you name it, you put them at risk. Bitcoin is going to appreciate in value by itself, you don't have to do anything with it. All those things that people are told, that you have to put your money to work to profit, that you have to differentiate, are not worth a penny.

So, from a perspective of someone who held coins for 5 years and built a portfolio from scratch:
Don't try to reinvest your investment, don't overthink it. You're already in one of the most risky, volatile and also profitable markets in the world. Don't let some fools tell you that you have to day trade, gamble, buy altcoins, invest in a ponzi scheme, mine, cloud mine, stake, and so on, to make money!

If I'm to heed to your advice based on your experience the question will be what will you rather advice me to do if I have a little funds I want to grow?

LbtalkL

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The best thing I have learned I guess is to be patient don't be affected by bad news, fud, big dump, etc. If you look on bitcoin potential, in the long run, you will not be affected but we are just human sometimes fear of losing gets the best of us. I was trading before I bought it at a high price it went down I sold it fearing it will go deeper but it went up I was rekt completely. I guess patience is very important thing here in the crypto world.

Jamesdila1

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The main lesson that i have learned from investing in bitcoin or altcoins in general is that you don't invest what you can't afford
bitcoin/altcoins or cryptocurrencies in general are very risky assets. You have to search wisely and thoroughly before investing..
There are a lot of projects out there that are scams or ponzi schemes (one of the best examples is the project Bitconnect and its scandal)
The market is so volatile but it takes time to see investing results. you can't expect to earn money overnight

batang_bitcoin

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What I've learnt is becoming prepare to lose. In most investments that I have, I'm always thinking about the risk and setting myself that if it won't be successful that would be fine. I invest what I can afford to lose and that's for real, the suggestions that we used to hear from other members when someone gambles, it's also applicable in investments. That's why I've managed myself to get into risk management, calculating the risk of the investment that I'm interested getting in. This is the same as holding bitcoin, I'm aware of possible drops and rises.

KrisAlex18

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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.

hd49728

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Not your keys, not your coins!

Quote from: The Cryptovator on May 10, 2020, 11:43:21 AM

My big lesson is about greed when I were newbies on the crypto. During last bull run on 2017 I had 1.5BTC with me and I had been waiting for more increase even from ATH. I had bought that btc around $5K/$6K but didn't sold that time due to greedy behavior and I wasn't much experienced about bitcoin price trend. When BTC dumped from ATH I had wait for recover again and I repeat again and again that's how my portfolio of trading become 0.1BTC and I am quite far from trading lately. Just holding some shitcoins and waiting for recover my funds.

You got losses because your investment in shitcoins (altcoins), not bitcoin. One bitcoin is always one bitcoin, despite of losses in fiats and you never get losses from 1.5 BTC to 0.1 BTC.

Quote

My lesson is anyone who in crypto should avoid greed and ake profit whenever you can. Shouldn't wait for big movement. And now, wherever I earn or I have I always sell them with reasonable price, I am not waiting anymore for bump.

When everyone say, "It's time to buy", the right thing to do is the opposite "It's time to sell all, indeed". Don't hesitate to cut loss if you buy at All time high range. And in crypto, patience is key to get profits.

isaac_clarke22

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Big lesson?
I ain't a kid no more, but I remember the quote from a movie I watched in Disney where it says "Keep moving forward.".
No matter how we look into it, this market is unstable right now therefore unstable number of losses and gains as well.
I've been here since 2017, and I experienced day trading in Binance quite long time ago and I just realized there's no actual way to recover from those losses anymore but to try again and as I mentioned, "Keep moving forward.".

kotajikikox

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

As we approach a new week, I've been pondering on the crypto trading and exchange. I'll also focus my research on these areas this new week.

Generally, I want this trend to be a discussion about what one has learnt in the game of investment either in crypto or in other businesses.

I'll start by commenting the one lesson I've learnt when it comes to investment generally.

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?

The main thing that I learn in Crypto investing is never rush things,it is better to lose in waiting than losing in rushing.

I have tried Daytrading before and since there is a small chance of finding the right pick each time all i earn is losses.

while in Holding I have earned some good amount for how many times now and same reason why my Holdings are gaining time by time and i am proud to say that Being Holder mostly being a winner than rush investors.

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