If I invested in 2011, the biggest lesson and achievement would be not to trade bitcoin at all. Find a good passive income and enjoy your property.
And the biggest investment lesson after 2014 is a few projects and coins in which it was necessary to invest all available bitcoin reserves. To enjoy property and freedom.)
Topic: The One Biggest Lesson you've learnt from Bitcoins Investment - page 7. (Read 1774 times)
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
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.
Did you really invest in bitcoin or in other cryptocurrencies? I am asking because I cannot tell if you are an actual investor asking for user's personal experience or someone who only read a book or an article.
My biggest lesson is to have a plan and follow it. I've been burned before because I got a little greedy.
My biggest lesson is to have a plan and follow it. I've been burned before because I got a little greedy.
I'm an entrepreneur that know a lot about practical investment, so I'm speaking from that angle.
The crypto investment is a new field I'm trying to learn how to play in and I've read up articles and discuss with the great minds here as per journey so far.
Hope you're cleared
[moderator's note: consecutive posts merged]
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.
Reminds me of a quote from "The Good Psychopath's Guide to Success".I can't manage it. Very few others can either.
Don't have the book anymore to quote it precisely but it was something like "The best thing you can do to succeed is trying your best to fail", giving an example of a study that was done on a group of men challenged to get rejected as many times as possible from girls in a bar/club, the one with most rejects winning the challenge. Got harder to get rejected the more they tried to.
The biggest lesson I have learned is that Bitcoin is and will always be the king of all cryptos defeating all the awaited deaths, finishes, scams or all the other things some thought would be imminent and lead to the end of the top crypto. Alts may sometimes get you very nice profits but overall, whoever holds only BTC will survive most of the times. When it goes down, the rest follow at a much more brutal pace.
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.
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.
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.
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.
The biggest lesson I've learnt so far in crypto investment and trading combined is patience, Bitcoin is volatile, that's certain but we can't get or predict when price will rise or fall, but these two will eventually happen isn't it? Bitcoin is time game, you lose today you recover tomorrow, days, or in weeks later
One lesson I learned from Bitcoin is that you need to be very knowledgeable when investing. I started investing in crypto, hearing that I make a lot of money from it, but I hope to make a quick profit. When I saw that the BTC price fell below the investment price, I panicked and sold. But I learned from my mistakes and I realized that you have to be patient.
I also learned that people with influence misinform the general public and discourage them from investing in BTC just because they have certain financial interests.
I also learned that people with influence misinform the general public and discourage them from investing in BTC just because they have certain financial interests.
I have seen that I have no control of how my coins will rise or fall. The decentralization is a big factor and since no regulations, it is easier for price to do whatever. I also try to minimize my losses by not being greedy because I have had a time that it was difficult to come back from losses.
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.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
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.
It's kind of non-technical, but important lesson. I've learned to detach (to the degree that I can) emotionally from things that I can not control, and, which is equally important, learn from my mistakes instead of dwelling on them. When there's money at stake, you learn faster
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.
I can't manage it. Very few others can either.
Interesting question!
There are many but, the biggest of them all is patience. You need lots and lots of patience and success will follow. As a investor and business man for me patience has always been profitable.
There are many but, the biggest of them all is patience. You need lots and lots of patience and success will follow. As a investor and business man for me patience has always been profitable.
Did you really invest in bitcoin or in other cryptocurrencies? I am asking because I cannot tell if you are an actual investor asking for user's personal experience or someone who only read a book or an article.
My biggest lesson is to have a plan and follow it. I've been burned before because I got a little greedy.
My biggest lesson is to have a plan and follow it. I've been burned before because I got a little greedy.
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
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?
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?
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