The One Biggest Lesson you've learnt from Bitcoins Investment - page 6.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: nicecrypto on May 10, 2020, 10:53:29 PM

To me btc investment is great, but my one big lesson is never to keep any shitcoins that you can exchange for btc hoping it will be worth something and you will make millions, dump those shitcoins as soon as you can sell them and hold btc, if don't, the team will dump on you and they will disappear.
Now I have a different approach to dealing with altcoins, before I use to think they will with something holding them, but it wasn't that simple.

That's why bitcoin is risky and will really make you have a hard time once its price go down without you not being ready for that. We need to understand risk management in bitcoin, especially when we are trading for so much profits. When you know what to do to minimize and lessen profit, that's the time where you can easily recover from your losses easily.

You're right that shitcoins are also not good exchange for btc because it really lacks some features so that it can't surpass the good advantages of bitcoin into the market. Dumping shitcoins will really make you comfortable and less hassle as you don't need to think of another coins that will just give you stresses.

Focus on managing bitcoin and study more about managing the risk in investing about it. Good strategies and plan will make you more effective in holding bitcoin in many transactions, so start now your risk management in order to have more profits in the future and minimal losses.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: lienfaye on May 10, 2020, 11:11:01 PM

I realized that there's no easy money in crypto investing and its important to have a knowledge when entering an investment. I learned to be patient as well thats a big factor for the flow of my money because if you're a kind of person who cant wait longer then you might end up losing your capital. It already happened to me few times, having no patient is the reason why I panic sell and I have to experience how to lose my money before realizing that.

The same goes here. Crypto investing is not an easy way to earn money the same as people expected, it is also the same as how we run our investment in the real world where we should be patient and be smart enough on how we will handle every situation to be profitable with our investment.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Sanugarid on May 09, 2020, 02:49:03 PM

Quote from: Slow death on May 09, 2020, 11:59:02 AM

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

It happens to me a lot in trading with bitcoin.

You could've make a profit out of that drop mate if you are doing futures trading imagine from $8K to $6.8K it is a huge drop you could have double your capital in 25x cross leverage or make it x5 with 125x leverage but that's too risky haha. This goes the same as what I have learned with bitcoin, as I am doing margin trade I always get easily scared when the price is dropping or increasing drastically in opposite to my trade then when I start to finish trade it will go to my direction, it was like something is wrong with the platform but the truth is it is just a unlucky trade.

Just like you, I learned that bitcoin is risky and volatile that needs proper manipulation and good management in order for you to have profits. The best lesson that I've got in bitcoin investment is to become patient, it will really make you calmer and easy to make good decisions and it will help you to prevent stresses and wrong actions in bitcoin. It will boost your critical thinking skills and will let you prepare for a transactions. Patience is the most essential thing for me in bitcoin as it is really effective in making people more attentive about the things in the market and will surely give a lot of profit in your investment. This will be the key for you to adapt and adjust whenever the price of bitcoin goes up and down in the market.

Joyawan13

full member

Activity: 910

Merit: 100

elysian.finance

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?

investing will not always achieve success, but there are also many who fail either investing in the real world or interacting in Crypto, but failure can be made a lesson and the spirit of trying to continue until we achieve success, remain optimistic in investing in anything, & indeed investing in crypto is not easy, but as long as we try to stay motivated and be patient, we will definitely achieve success.

lienfaye

hero member

Activity: 3010

Merit: 629

I realized that there's no easy money in crypto investing and its important to have a knowledge when entering an investment. I learned to be patient as well thats a big factor for the flow of my money because if you're a kind of person who cant wait longer then you might end up losing your capital. It already happened to me few times, having no patient is the reason why I panic sell and I have to experience how to lose my money before realizing that.

nicecrypto

member

Activity: 1260

Merit: 21

To me btc investment is great, but my one big lesson is never to keep any shitcoins that you can exchange for btc hoping it will be worth something and you will make millions, dump those shitcoins as soon as you can sell them and hold btc, if don't, the team will dump on you and they will disappear.
Now I have a different approach to dealing with altcoins, before I use to think they will with something holding them, but it wasn't that simple.

NavI_027

full member

Activity: 1232

Merit: 186

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

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

What is your own one big lesson?

The biggest lesson I've learned while investing in crypto (bitcoin to be specific) is somehow related to what you've mentioned — that in life, you must learn to gamble. I learned how to risk something for a possible exchamge of something better Cheesy

. I realized that always playing safe and staying in your comfort zones won't give you sigmificant changes. Yes! You are moving but not as fast as it seems. It also teach me that failure js normal and you should nver be afraid of because the important thing is you stand up and fight again

.

MCobian

full member

Activity: 1190

Merit: 117

The biggest lesson I got from bitcoin investing is not to let greed dominate us. Because we can lose the opportunity to make a profit,
in my experience when investing in bitcoin. Better a small profit than nothing. So when we buy bitcoin and soon the price rises around 3%,
immediately take profit right away. Do not delay to sell it,in order to get a bigger profit, because if that happens greed is already controlling you.

Sadlife

sr. member

Activity: 1400

Merit: 269

For me investment brings opportunities for ordinary people like us to make wealth with only a little amount and gradually increase it over due to increasing supply and demand of Bitcoin price.
This is a better option rather than saving your money in banks or in your own safe with the risk of one day the banks might go default.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Patience is what we've needed and I'd just find out that it is really hard when you don't have that attitude.
I was in holding before but I get crazy when I saw the market drops a few days after I bought Bitcoin and I sold it even I lose some. ~~Maybe~~ Actaully I am wrong with that decision because it is also my fault why I'm buying Bitcoin during the bullish. Then I realize that there is a perfect time to make buy and sell, and it is really good when you are buying during the dip.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Wenbing on May 10, 2020, 12:15:26 PM

Quote from: Slow death on May 09, 2020, 11:59:02 AM

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

This your comment makes my day and it excites me a lot.
So, you mean there is a way to stop loss or minimise loss.

Can you help those of us that are just starting out with materials to learn about the stop-limit strategy.

I certainly believe that it'll be superb to learn how to manage risk from day one.

I also experienced this costly mistake of selling my Bitcoin after a bearish run of the price due to fear I believed this is due to emotions and psychology in trading.
I had learnt some lessons in the aftermath of that loss having recount my losses I also agreed to be having a projected stop- limit once the price reach that level I will sell else I will continue to hodl my coin.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

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

__

What is your own one big lesson?

Failure is delayed success.
All need a process to adapt well in this crypto ecosystem. Not all methods and strategies are in accordance with each person's characteristics, especially in terms of investment and trading. Continue to learn and increase experience, if you lose then do an evaluation. Uncertainty in investing can be minimized by analyzing.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: BrewMaster on May 10, 2020, 11:49:33 AM

the biggest lesson which i am sure everyone else also learns very soon after they start is that whenever it comes to buying bitcoin or not buying it and bitcoin's price i should never pay any attention at all to what other people say. specifically when those people are referred to as "experts" i should run the other direction because they are trying to scam.

One of the best things that should really be considered when we are just starting.Wayback when im still a noob, i do really have that impression that its better to find up some pro's
and do look for some good recommendation or analysis towards this field since they do have that experience then they might actually helped me out but it turns out that things
or outcomes are purely random and thats the thing i do realize that these people are just the same where we do speculate things up basing in our own analysis or intuition or wild guesses.
Never ever intend to rely to these calls but it isnt bad to consider on listening and would be applied into your own.

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

I got into casually without prior knowledge of trade of stocks, I didnt understand some market term and the space cycle. Taking profit at the right time is the best decision for every trader and my biggest lesson. Longterm investment is the most profitable and safest plan but dont listen to the advice of hodling forever. Take risk with all investment in the space altcoin, bitcoin and IEO or any new, just know when to exit to stable coin or bitcoin

cytpoway121

member

Activity: 1540

Merit: 68

One lesson i have learnt trading and hodling bitcoin is that the coin bitcoin is not only versatile but bullish.

What i mean is that, bitcoin is bullish on the long term approach, if Bitcoin dumps, it has higher chances of experiencing a bull run than most altcoins.

My doubts or questions though is that, will this continue as the 3rd halving is here??

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: gentlemand on May 09, 2020, 01:23:15 PM

When it comes to buying or selling then if you do the exact opposite of what your emotions are telling you to do the chances are high that you'll do very well.

I can't manage it. Very few others can either.

From my view when I do opposite of what I think at the moment, then I absolutely do opposite of my opposite thinking and so on endlessly.
Personally what I learned and I would call it the biggest lesson, is following: It's never too late to hold your bitcoins.
Well, I am against money holding for a long time but what I mean is that during bad moments you shouldn't sell your coins. Keep bitcoins as a dedicated money that you won't use for daily or some other needs, think that those coins are lost and remind them when price will be high. That works!

pixie85

hero member

Activity: 2184

Merit: 531

I've learned to be calm when Bitcoin drops and ready to buy every time it goes down by a lot like 40-50%.

Usually at times like these people feel like it's the end of the world and only write threads about the end of Bitcoin. The press isn't helping too, but this is the time when you should buy. First time it went down I was scared like the rest, but I still bought some and did great. It taught me not to trust others but myself.

thesmallgod

full member

Activity: 1498

Merit: 129

The biggest lesson is not to put all my eggs in one basket and not to believe anybody you meet online when money is involve because people will go as far as possible to rip you and take the little you have if you give them the chance and lastly, I learn not to rely on you effort you put in promoting a project because you can be disappointed

finaleshot2016

legendary

Activity: 1778

Merit: 1009

Degen in the Space

Quote from: Slow death on May 09, 2020, 11:59:02 AM

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

Is this is a sign for me to stay calm? Huh

I failed to convert my BTC because I was sleeping at the time when the BTC goes down the $8k mark and I still regret it. I do hope BTC's going back to a $9.8k high, so halving is one of my excuses for holding it off. Recently, I began to think that I should sell it now because it's going down to a $7k peak, but I remember that BTC was really playful, it's going down, then after a couple of days or a week, it's going to go up. Thank you for your insight, I'm still doubting, and thankfully I've read your post, and it's going to serve as a reminder for me too.

coolcoinz

legendary

Activity: 2814

Merit: 1192

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!

Topic: The One Biggest Lesson you've learnt from Bitcoins Investment - page 6. (Read 1765 times)