The most important lesson which we have learnt in the year 2023 is that don't ever blindly trust any influencer as no one can predict crypto movement accurately those so called influencers just wants to make money by selling you premium channels, always do your own research and do data back testing to understand how the market will play.
Second most important thing which we have learnt is that we need to keep accumulating bitcoin regardless of market conditions as the is the safest method which eradicates risk factor to an extend.
Thirdly, We should gradually start moving away from Centralized exchanges as there were numerous controversies regarding CEX this year.
Topic: What we all learnt this 2023 - page 6. (Read 785 times)
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
Op that's a good idea, but on one way or the other, crypto cannot be predictable. Because we found many people gain and some loss, whereby is a risky game you either gain or lose, when you have enough to invest you go ahead to.
In this world of today we have many investors who invest much amount of money in bitcoin, all i think is we just go for the one we can afford to hold. Not by going for just a little.
Bigger amount comes with big win or big lose, and small amount comes with small amount or small lose, you are to decide which one you are to take in the risk.
Good thing that you've learned that, congrats. I can definitely say that those are good thoughts. Some people never understand that, I hope that your crypto journey will be bright and interesting.
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.
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