You have made a quit impressive points and I admire you for that. For me what I learnt in 2023 is never trust a newly listed coin in any exchange. The Price might pump so high and change your sense of reasoning of thinking that it will increase the more not knowing its a trap. I baught a newly listed coin thinking it will pump after some hours. I baught the coin which worth $33, it pump up a little and my fund was about $36 Going to $37 and I was happy thinking it will continuously rise because the more investors buy the more it increases.
After some hours of rise to my greatest suprise there was a great decline of About %30 I was thinking it will pick up and was waiting for my fund to come back so I can sell and get back my fund. but it keep declining, I try selling but my selling oder was pending. I cancelled and retry selling but my fund was below selling oder of $4 which I couldn't Sell anymore.
So my lesson is that don't buy a newly listed coin which has no reputation or dont have a huge market capitalisation or market dominance, because most of those project are trap to get liquidity and dump.
Topic: What we all learnt this 2023 (Read 785 times)
What should be noted about 2023 is that we always have to be patient, it is a year that was very good for me, a little more could have been done with Bitcoin as time went by, it can be said that the price was not always bad, There was good news in this, and I can always show that things are very possible to do well, that is why things should always be considered, I am very optimist and I can say that it was a prosperous year, that I learned a lot about the market. I don't know much about Bticoin but the articles are going to educate me and I can understand many things that I didn't before.
The articles can sometimes be very accurate, other times they are not, but in part we must all put our interest in it so that the rest of us Realize that bitcoin is the way out of any Economic adverity, Despite the fact that it is at risk of fall into Reality and the reality that people can look very good so that they can earn money, it is easier to earn money and be and have a good position than with the traditional methods that we have alway sAdhered to.
The articles can sometimes be very accurate, other times they are not, but in part we must all put our interest in it so that the rest of us Realize that bitcoin is the way out of any Economic adverity, Despite the fact that it is at risk of fall into Reality and the reality that people can look very good so that they can earn money, it is easier to earn money and be and have a good position than with the traditional methods that we have alway sAdhered to.
I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
You know, upon first having to read that, I missed the from my knowledge part. I was really focused on the part where you said complaints and that felt like a page taken out of popular opinion except, you are saying the same thing then, I would have said, get your own experience with it if need be to have a proper perspective and then, you can talk about it even better.Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
One thing is for sure though, being such a dependent is one way to discourage yourself and not believing in the things you can do as per being creative with analysis, indicators and even them signals.
Quote
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
Can people really do that?I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
I mean, that would be bringing gambling in almost all its attributes to investing. While it might be looked at as throwing away pennies, the penny could be accumulated to make a dollar. You be sure on your terms that, it’s going to boom but, even on your terms, 99% will still be flawed.
if ever you would really be able to encounter such new things along the way.
What those mistakes that you have done on last year wont be surely be forgotten as you do go forward and become that knowledgeable due to lots of experience then
you would really be finding yourself that able to handle out such condition as you do go forward. There's no way that we could be able to make ourselves not being
wary on such situations or conditions because we've been already exposed on such conditions in the past.
One thing that I’ve really learnt from 2023 is to always put bitcoin investment on top. Bitcoin no matter how volatile it is, it will never settle into a low and frustrating value but will always try to give us high and impressive price. Hence, DCA is the key regardless of its current price so we will reach maximum amount of bitcoin earned.
Also, being greedy does not make you a profitable one but will only lead you into series of losses due to unplanned decision and actions towards bitcoin investment. So we should learn not to fall for it as much as we can.
In the beginning of 2023 many did not believe that bitcoin price will get to this amount because of how slow the movement of the price was. But one thing we need to understand about market is that even if the price gets down it can never remain the same, even if it gets dipper with time the price of bitcoin will still increase back. Dips in bitcoin have really deceive people from hodling their bitcoin, dips are just like the wind, it doesn't last forever. Also, being greedy does not make you a profitable one but will only lead you into series of losses due to unplanned decision and actions towards bitcoin investment. So we should learn not to fall for it as much as we can.
I think Telegram channels can only help you, and can help you enhance your experience a little bit more, but when you depend on Telegram channels to do something, it's definitely bad for you, because then you're just as good. Can't learn.
Telegram channels can be good source of information for those who know what they are looking for. Depending on Telegram channels and making your investment decision 100% on the basis of Telegram channel's signals and analysis then you are putting yourself in high risk. Always consider to check the projects by yourself. check their websites, audit details and everything which can be helpful for your due diligence. then make your investment decision.
That will reduce your risk a lot. if not 100%..
I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
You know, upon first having to read that, I missed the from my knowledge part. I was really focused on the part where you said complaints and that felt like a page taken out of popular opinion except, you are saying the same thing then, I would have said, get your own experience with it if need be to have a proper perspective and then, you can talk about it even better.Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
One thing is for sure though, being such a dependent is one way to discourage yourself and not believing in the things you can do as per being creative with analysis, indicators and even them signals.
Quote
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
Can people really do that?I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
I mean, that would be bringing gambling in almost all its attributes to investing. While it might be looked at as throwing away pennies, the penny could be accumulated to make a dollar. You be sure on your terms that, it’s going to boom but, even on your terms, 99% will still be flawed.
The reminders are all good and this gives us the advise that we shouldn't be reliant on what people are saying and what they suggest to us. Learn to know where to give in and take that advises because it's not them that shall control the steer of your crypto journey and the assets that you own but it is you. You're the sole decision maker on this market even if the entire market is too volatile at all. You'll have to bear with all of the motions that you see and adjust whenever it is necessary.
Don't take opportunities taken for granted and what I've learned is always to be patient. I've sold a lot in the early times and still thinking about it and that's why life has to keep moving and I have to move on and learn from those mistakes. I hope that you OP and the others who have been here will have wiser decisions and don't let the crowd boo you down when you're not going along with them. Don't think that there's a need for someone's validation for every action that you do because no matter what they say, it is you that will take the losses and the risk and only you shall rise for doing the right actions and decisons.
Don't take opportunities taken for granted and what I've learned is always to be patient. I've sold a lot in the early times and still thinking about it and that's why life has to keep moving and I have to move on and learn from those mistakes. I hope that you OP and the others who have been here will have wiser decisions and don't let the crowd boo you down when you're not going along with them. Don't think that there's a need for someone's validation for every action that you do because no matter what they say, it is you that will take the losses and the risk and only you shall rise for doing the right actions and decisons.
I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:
👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
In all DYOR, don't be greedy and good luck✅
On this case it would be always best that you should really be making yourself that having being versatile or on having that adaptability in terms of the situations that you are really be able to encounter with.
We do know that mistakes and errors are normal, so it is really just that right that you would be making out adjustments basing up on what you have learnt in the past.
It is something that you could really be able to apply and make yourself way more better than before.
I have convinced myself and learnt that DCA is much better option than occasional investments and mutual funds. If one wants to invest into Bitcoin it should be DCA. Also, I have learnt that crypto market can rally anytime hence it would be better to hodl some potential altcoins as well which have higher profit yielding tendency and stay away from shit coins, never go with expert opinions we get through social media or premium channels.
From what I've learned, what types of investments can be expected to do well and which investments have a high risk of losing money. Choosing the right project is of utmost importance for every investor. So that the investor does not have to face losses after the investment. Every investment carries some degree of risk, but Bitcoin carries much less risk. Bitcoin investment is much safer than other investments. Thousands of investors have been able to change their fortunes by investing in Bitcoin for the long term. From what I have learned so much I can say that Bitcoin investment is the best for new investors to invest in.
I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:
And I would like to add one more thing. Trust Bitcoin. The year 2023 has shown us how strongly the price has go up. Starting at around $16,500 and today we are at $45,500, these actually say it all. Of course, the year before wasnt so good, but doesnt everyone know about the 4-year cycle? And that it is currently happening. 2024+2025 should give us even more confidence in Bitcoin, I think that will happen and that many other people will finally be calm. Bitcoin is not dead and never will be.
$100 000 per Bitcoin can still be reached, if the ETF are approved in the US. A lot of these speculators thought that the decision would have been made in December, but that did not happen.
Telegram is a nest full of scammers and criminals ... so most serious Bitcoiners stay away from that platform for advice.
There are more shitcoins and investment schemes out there, than what most people know about, but people do not care to do proper research before they dump money into it... they are just too greedy.
Telegram is a nest full of scammers and criminals ... so most serious Bitcoiners stay away from that platform for advice.
There are more shitcoins and investment schemes out there, than what most people know about, but people do not care to do proper research before they dump money into it... they are just too greedy.
I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:
👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
In all DYOR, don't be greedy and good luck✅
The last one is what hit me the most. I had the same mindset before with diversifying my portfolio, I think if I can diversify my crypto investments, that will give me massive profits in the future. But I was totally wrong, not all crypto investments are reliable and profitable. Bitcoin is the only most trusted crypto in the market, and the rest are just created to bring hypes and make you lose eventually from your investment.
I’ve learned that in order to maximize profits, bitcoin should be our focus. So I’m already learning from it and was able to maximize bitcoin accumulation by then.
I’ve learned that in order to maximize profits, bitcoin should be our focus. So I’m already learning from it and was able to maximize bitcoin accumulation by then.
One thing that I’ve really learnt from 2023 is to always put bitcoin investment on top. Bitcoin no matter how volatile it is, it will never settle into a low and frustrating value but will always try to give us high and impressive price. Hence, DCA is the key regardless of its current price so we will reach maximum amount of bitcoin earned.
Also, being greedy does not make you a profitable one but will only lead you into series of losses due to unplanned decision and actions towards bitcoin investment. So we should learn not to fall for it as much as we can.
Also, being greedy does not make you a profitable one but will only lead you into series of losses due to unplanned decision and actions towards bitcoin investment. So we should learn not to fall for it as much as we can.
Old years teach us how to survive the new years. 2022 was a bloody chapter for Bitcoin but 2023 taught us how to survive this bloody chapter. If those who invested in 2022 were patient and held on to their investments, they might have been this good. Got a good profit in the situation. So the old year 2023 was indeed a very patient year for investors. Also, although not a significant event this year, the Bitcoin ETF approval proposal and the removal of Binance Exchange CEO CZ are an important part of 2023. Have a great 2024 and let everyone change themselves and be prosperous in this year.
If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers.
From the above quote, you are not a newbie an alt account of a senior member. But that's not withstanding and let discuss what you said. Op as me in the cryptocurrency ecosystem market place, public opinion is very much necessary because there are some coins or projects that you will to invest because of the value in the market but you don't have to just invest in it but you need to make some inquiries to know if the project is genuine or not and with that different answers will arrive then you choose the important one and filter the rest.The only place I will not take advise is telegram. That social media platform is for scammers channel.
👉 Don't take popular opinions as an investment advice.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice.
Yeah, we gotta think for ourselves when moneys involved. What's popular ain't always right. Social media makes spreading opinions too easy - even bad ones. Investing like that rarely goes how you hope. 👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice.
These platforms can provide valuable information and insights, but they're also breeding grounds for misinformation and manipulation. I try to ignore the hype trains. Research and caution have treated me okay so far.
There are fake feed backs as well, so we must be careful but I think they are only easy to spot if we do our research or by simply recognizing what the topic is all about. I think some social media can detect it as well and give their users a warning. It's great to know that they also care. To ride the wave or the hype is hard and risky. So if you think you didn't have what it takes yet, your decision of ignoring it is better.
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Don't take popular opinions as an investment advice.
When an opinion becomes very popular and people believe in it in large numbers, it should not be believed lightly. Again there are many popular opinions which are 100% correct, so trusting them is very beneficial. For example, when you see predictions of different people where bitcoin is predicted, then you must believe them because we believe them and they are correct. For example, Bitcoin is predicted to touch $100,000 by the year 2025, and many of us believe this prediction, and most investors believe it to be true, so many times popular opinion turns out to be correct.
I can recall exactly something NEW I have learned over 2023 but I 2023 has been another
year to remind us of the usual bits of advice which are perpetual really. . .
Be patient - if HODL'ng or Trading its very easy for to make the wrong trades at the wrong
time or sell at an inopportune time.
DCA - continue to practice Dollar Cost Average
$hitcoins - as many have said already, stay focussed on Bitcoin, dont get side tracked by
the hype about $hitcoins
Fees - coming to terms with the fact that transaction fees are going to be higher
year to remind us of the usual bits of advice which are perpetual really. . .
Be patient - if HODL'ng or Trading its very easy for to make the wrong trades at the wrong
time or sell at an inopportune time.
DCA - continue to practice Dollar Cost Average
$hitcoins - as many have said already, stay focussed on Bitcoin, dont get side tracked by
the hype about $hitcoins
Fees - coming to terms with the fact that transaction fees are going to be higher
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