What we all learnt this 2023 - page 2.

ancafe

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Quote from: Zaharai on January 02, 2024, 09:20:58 AM

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.

For me this is not effective because it depends on something to other people will not give birth to good knowledge and understanding. To improve experience might be able to learn many things and it is not only limited to the telegram channel because there are many social media also talking about the same. In the end they will ask for payment for all the tutorials they teach and the level of effectiveness may not be fully we can get.

The tendency of learning in others is good as a comparison material, but when someone cannot make his own study it will be very unfortunate. Learning from others to increase knowledge is not a problem and we are also required to have alternative knowledge to decide before drawing conclusions.

Zaharai

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🚘Buy bitcoin and HODLE🏡

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.

tbterryboy

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Quote from: Troytech on December 28, 2023, 09:36:59 AM

Don't take popular opinions as an investment advice.

That's one of the biggest mistakes newbie investors make, they take every opinion and suggestion and even analysis as a piece of investment advice because they think that every single person who says certain technical words are market expert and everything they utter is going to be true.

Quote from: Troytech on December 28, 2023, 09:36:59 AM

Stop relying on Telegram channels or Reddit groups for trade signals or investment advice.

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.

Those group creators and operators are pretty clever because they always target newbies since they know they are the most vulnerable in the market and someone who has some knowledge would never consider them trustworthy for their financial decisions.

Quote from: Troytech on December 28, 2023, 09:36:59 AM

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.

I always see people having their capital spread in so many altcoins, that you will see them holding $5 worth from every single altcoin that you can find in the top because they think they can get more profit this way but they are wrong. More coins in the portfolio don't guarantee higher returns.

borovichok

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Quote from: 0t3p0t on January 01, 2024, 08:13:07 AM

Learning from mistakes while sharing the lesson is the best thing in the world of crypto it is because it helps others who did the same mistakes we've experienced in 2023 or the past years. What I had to share here is the most common weakness in most crypto enthusiast in this industry which is having weak hands. Regret will surely follow if we got a weaker hands and I know you are familiar of it as well. 😅

2023, I learnt alot, benefited alot and also lost heavily. Feeling remorseful when our entries in the market doesn't end up in our expectations, our very goal is grabbing golden opportunities, then we exerts our initiatives on these investment that would yield to good prices. Regrets happen to us every single time we split our chances and see losses. We all have stories to talk about when it involves the market, a very tough market is precisely not a solid foundation for our investment, we just have to stick to getting profits at our ends by all means.

Ziskinberg

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Quote from: lovesmayfamilis on December 29, 2023, 07:16:50 AM

I can’t say that I realized that there is no need to bustle with market unrest this year, but the fact that I have become more confident in this is true. I have adopted the attitude of not worrying and following the ups and downs of Bitcoin as little as possible since it still returns to its trodden path. Now is the time for accumulation, and when purchasing regularly, it is better not to pay attention to the price. But one of the best understandings that came to me this year is that we need to understand why we invest. Mere accumulation turns into an empty journey, and the absence of desires turns life into a half-dead existence.

I’d say if you follow bitcoin’s ups and downs, you will definitely have a roller coaster ride, and for me that will only add confusion why you are with bitcoin in the first place. No matter how its price drops, no matter how bitcoin sucks, just focus and stay motivated on your goal, which is to maximize your bitcoin portfolio through buying consistently at a regular basis, buying regardless of its price.

Bitcoin brings a lot of uncertainties in the market, but no matter what, our goal will always be certain. We deeply know the potentials of bitcoin, so we should just trust the process and trust bitcoin, and not to worry whenever bitcoin is not at its best.

mirakal

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: deathcode on December 29, 2023, 05:29:45 AM

Quote from: Troytech on December 28, 2023, 09:36:59 AM

👉 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.

some people spread their investments across multiple projects in the hope of faster returns. it's like new projects. they put a little money there for luck if the new asset can pump high.
but it would be better to just focus on a few assets that are truly the best. such as focusing on long-term Bitcoin investments. New projects will only last a short time. even though it is successful, but if we lose momentum, we will not get anything.
reducing the diversification of assets we own may be a good choice.

Diversification does not only limit among cryptocurrencies, but we have also some physical investments like gold or real estate, so why won’t we stick to bitcoin and diversify it with real estate? I believe real estate is way safer and profitable compared to some random altcoins that are only valuable at first but loses its value in the long run. But see to it that you are also knowledgeable about real estate properties before you decide to invest on it, otherwise you will end up like gambling.

However, there’s no wrong diversifying your bitcoin with altcoins, as long as you are investing on the right and highly potential coins. Altcoins are like pump and dump scheme, so you need to DYOR well and invest with caution so you won’t be regretting if ever your investments gone wrong.

0t3p0t

sr. member

Activity: 1736

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Peace be with you!

Learning from mistakes while sharing the lesson is the best thing in the world of crypto it is because it helps others who did the same mistakes we've experienced in 2023 or the past years. What I had to share here is the most common weakness in most crypto enthusiast in this industry which is having weak hands. Regret will surely follow if we got a weaker hands and I know you are familiar of it as well. 😅

Yamifoud

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Activity: 2828

Merit: 518

Quote from: Kemarit on January 01, 2024, 07:28:12 AM

Quote from: harapan on January 01, 2024, 07:16:47 AM

One needs to be logically and analytically guided before investing.

Just so you don't miss out on tracks,or you seek for assistance/mentorship from certified or knowlegable personnels.We've all learnt from this;it's a good thing we can all learn and gain advice from our teammates...let's be guided in 2024.

We learned a lot thru our journey in crypto, in the beginning, we thought that it's easy thingy, that it will be smooth without bumps. But sooner or later, we will found out that investing specially in Bitcoin will take a lot of mental fortitude, you need to be tough specially if you are going to be a holding.

It's very hard, because when you see that your portfolio is going down, you think of selling and pushing the sell button. But then again, after many years, you will understand that it's not necessary the case. You might be just emotional and not thinking logically. However, if you have the experience and learn something from being in the market for so long, you won't simply just go and sell because you know that someone will just buy it out from you and that you will lose in the end, so just better HODL on it.

After all; we've learned how to be patient, we've learned how to adopt the market behavior, and last, we've learned to accept mistakes.
All the experiences we had last year seem to be a guiding tool for us not just this 2024 but for the coming years. The volatility of the market still exists, we can't make it perfectly which is why losses are still possible but I believe we can avoid big losses if we correct our mistakes in the past. As we welcome 2024, it is gonna be full of hope and optimism that our journey went so well.

Kemarit

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Quote from: harapan on January 01, 2024, 07:16:47 AM

One needs to be logically and analytically guided before investing.

Just so you don't miss out on tracks,or you seek for assistance/mentorship from certified or knowlegable personnels.We've all learnt from this;it's a good thing we can all learn and gain advice from our teammates...let's be guided in 2024.

We learned a lot thru our journey in crypto, in the beginning, we thought that it's easy thingy, that it will be smooth without bumps. But sooner or later, we will found out that investing specially in Bitcoin will take a lot of mental fortitude, you need to be tough specially if you are going to be a holding.

It's very hard, because when you see that your portfolio is going down, you think of selling and pushing the sell button. But then again, after many years, you will understand that it's not necessary the case. You might be just emotional and not thinking logically. However, if you have the experience and learn something from being in the market for so long, you won't simply just go and sell because you know that someone will just buy it out from you and that you will lose in the end, so just better HODL on it.

harapan

sr. member

Activity: 1736

Merit: 306

One needs to be logically and analytically guided before investing.

Just so you don't miss out on tracks,or you seek for assistance/mentorship from certified or knowlegable personnels.We've all learnt from this;it's a good thing we can all learn and gain advice from our teammates...let's be guided in 2024.

ancafe

hero member

Activity: 1778

Merit: 746

Quote from: shepherd_gee on December 29, 2023, 11:33:35 AM

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.

Did you know that trading and investing are different and both must be done responsibly with knowledge. Investment does not require technical knowledge because you only need to invest in coins that have a level of maturity and most importantly the coin you choose has the ability to survive in the market like bitcoin. Trading requires being able to see many things because you can't get involved in it just relying on luck. Most people don't learn to understand trading properly, so on many occasions they lose money in such a short way.

Controlling risk also requires maturity because it is not easy to control risk when someone experiences losses in trading. That's why we have to know the difference between trading and investment and also see where we are compatible when we want to get involved in one of them.

traderethereum

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Vave.com - Crypto Casino

Quote from: boty on December 30, 2023, 10:55:40 AM

For some people who just wait for advice from other people in investing, of course it will be difficult for them to get what they want. Currently, I think it is very rare for people to tell us about projects that really have potential and we have to look for this information ourselves if we really want it. we profit from investing.
I agree with you, it is important for us to do research first so that we choose well about the project we will choose so that we don't experience losses on the project we choose.

They won't always get what they want. Even though they can get advice from other people, that also doesn't guarantee they can get the right project to provide profits when the market changes direction.
They must understand this and try to learn to analyze themselves so they do not depend too much on other people's advice.
However, we are responsible for the money we bring in so we have to analyze it well.
Doing research is a way to avoid mistakes from choosing the wrong project, and even though we haven't succeeded in finding the right project, at least we have tried, which means we still have to continue to learn better.

Japinat

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No one holds the future of crypto. While most of the crypto influencers claim that they've seen it coming and they know exactly where this present crypto market is heading to, then the more that we should start avoiding them. Know that what they are doing is just to establish hypes and fuds, and if you are completely weak, you will really fall on their traps. Ignore the hypes and you will have a safer crypto investment.

Paid or free channels are never reliable. Invest on your own knowledge first before you invest to them. Remember that in crypto, there's no one you can trust but only yourself. So be as knowledgeable and experienced as you are so you can always rely on your own market analysis and predictions.

boty

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★Bitvest.io★ Play Plinko or Invest!

Quote from: traderethereum on December 29, 2023, 10:02:21 AM

Quote from: boty on December 29, 2023, 09:35:13 AM

By investing in several projects, of course we will really hope that there will be benefits from the investment we make and of course we will be able to easily get profits if the project we choose can develop well.
What you say is very true, it would be better for us to focus only on a few assets that we choose to invest in and with Bitcoin which has been proven we can invest and hold for a long period of time to be able to make a profit, because if we choose to invest in a new project which will not necessarily be able to make a profit, of course we will experience losses if we cannot get a profit from the new project.

Before investing, we should gather as much information about the project as possible. This is to support the research we do in finding the right project.
But most people are too lazy to do it and just wait for advice from other people to start investing.
Yes, I also agree to focus on a few assets rather than observing too many because that can confuse us when making decisions.
Investing in bitcoin is a valuable lesson this year because the decline in the price of bitcoin to its lowest price gives us the opportunity to buy bitcoin at that price.
Many new projects can also provide benefits, but we have to do research first to make the right choice.

For some people who just wait for advice from other people in investing, of course it will be difficult for them to get what they want. Currently, I think it is very rare for people to tell us about projects that really have potential and we have to look for this information ourselves if we really want it. we profit from investing.
I agree with you, it is important for us to do research first so that we choose well about the project we will choose so that we don't experience losses on the project we choose.

Fivestar4everMVP

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Quote from: Troytech on December 28, 2023, 09:36:59 AM

👉 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.

This last one is it for me, and this is actually like it's God speaking to me right now, telling me that I am worrying myself too much on something that at the end of the day, might not even yield any fruit, or the fruit it yield might not worth the stress I am allowing myself go through at the moment.

I think I have more than 50 to 80 cryptos on my watchlist, and lately, while the market sentiment shifted from bear to bull, I've been trying to see how I could invest in all of this projects in preparation for next year's halving and possible bull, I've actually been struggling to earn enough money to enable me invest in all of this projects, and this have even been costing me a peaceful night rest.

But reading this here today and now, I think I will to choose two out of all those projects, the two I think will perform well and just focus on those, I already have investment in bitcoin, I will chose two more altcoins and just unwatch the rest.

Assface16678

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Quote from: DapanasFruit on December 29, 2023, 10:18:03 PM

One of the biggest lesson I learned and experienced in the year 2023 is the virtue of waiting. People who do not have the skills and the inclination to do trading should just do the holding with the best cryptocurrencies that we have. We should understand that waiting is not an easy thing to do most especially if one is not financially well-off...as there is always that pressure to cash-out. I am sure that in 2024 those who failed to wait will be shaking their heads in disbelief when looking at the prices of coins and tokens in CMC or Coingecko.

Well, that is a good lesson, and I hope this lesson should also be reliant on other bitcoin investors, especially those newbies in bitcoin, because now many investors or new investors think that investing in bitcoin will be a quick-rich scheme or that they will see profit in the short term, which is not the case. A bitcoin investment is a long-term investment for you to see a profit, or a very good profit. Although bitcoin is long-term, there is a way to earn short-term profit, but profit is profit. We can't argue with that. That's why patience is very important in bitcoin investment. In order to have a good profit and a good mindset, an investor in bitcoin should not be impatient, because being impatient means money or capital will cost you, so this lesson should also be manifested by those investors who hope for a quick result from their investment in bitcoin.

Richbased

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Quote from: Troytech on December 28, 2023, 09:36:59 AM

👉 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.

Of a truth a lot of investors are so focused on predictions and speculations by some big names in the crypto space but yet most of their speculation never came through. Focusing on ideas of some crypto analyst is never a good step though it's good to make speculation because those speculation also gives an edge of optimism towards the future of cryptocurrency but one shouldn't be carried away because it may come through or it may not come through

DapanasFruit

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One of the biggest lesson I learned and experienced in the year 2023 is the virtue of waiting. People who do not have the skills and the inclination to do trading should just do the holding with the best cryptocurrencies that we have. We should understand that waiting is not an easy thing to do most especially if one is not financially well-off...as there is always that pressure to cash-out. I am sure that in 2024 those who failed to wait will be shaking their heads in disbelief when looking at the prices of coins and tokens in CMC or Coingecko.

synchronym

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Quote from: Troytech on December 28, 2023, 09:36:59 AM

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.

op I agree with you of course we can trade without trusting someone's word when we trade. Because the Bitcoin market is always risky. So before trading bitcoins we must check the market and have confidence in ourselves to trade in bitcoins. Because if we trust someone if we trade bitcoin many times we may face losses like losing money. So we need to have a long term plan before doing bitcoin with time. We will be successful if we trade bitcoin with time.

tread93

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Quote from: Troytech on December 28, 2023, 09:36:59 AM

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.

I 100% agree and would agrue that I am 100% in on BTC, as well as these other cryptos: ETH, XRP, I do like Monero, Solana definitely seems to have promise. Helium. HederaHashGraph/HBAR. That is pretty much all of the ones I like. The majority I am really HODLing on is all BTC, ETH, and XRP.

Topic: What we all learnt this 2023 - page 2. (Read 785 times)