Topic: You can go wrong! - page 36. (Read 4214 times)
Don't invest a shitty coin without projects, If the price is going down don't panic sell just hold your coin it will back again but if you are day trader just set stop loss.
Many things are uncertain in our market, one of it is the nature itself because of it's ups and downs, another one is the risk in investing. All we have to do is to have faith and be patient. Researching, studying, and analyzing will also help.
If we learn from our mistakes, what words of caution would you like to share.
if we can learn from our mistakes, then I am sure that we can increase our skills in any section and we can have another experience which could be useful for us in the future. sometimes maybe we cannot learn from our mistake but I am sure that in someday, no matter what will happen, we still learn from that mistakes that will make us grow more than before and this will make us become wise to face something.
Some really good lessons here. I would like to include selling at fear, you'll end up regretting it. Imagine all the people that bought BTC and sold at 500 and Eth at 11.
I'm really not sure if these words can help, because you can only know the result after what happened, but result will never be result until you leave the crypto world forever.
If we learn from our mistakes, what words of caution would you like to share.
Don't sell your tokens when the price is dropping because it makes nonsense. Instead selling, try to hold it and wait for the price or value goes up.
I know some people, that buy BTC, when it was 20k $ and wanna to sold it with minimal price, but I think, that the large mistake in cryptoworld - is a hurry and panic.
just like they said to be patience and hold. do not put your coins to exchange sites if you are not trading or using it. anytime an exchange sites can become a scam or be hack just like bitconnect and bitgrail. be emotionally and mentally prepaid for anything to happen.
Selling the tokens when it is fly, the flying will not last long. The market is periodic so not invest in the flying but invest in the bloody bath.
If we learn from our mistakes, what words of caution would you like to share.
I have several in mind actually. Let me try to list them one by one here.
1. Avoid getting emotional. Emotions will lead you to actions you might end up regretting later on.
2. Continue to HODL and HODL despite the prices going down. Selling during bloody days will end up with a loss as well as regrets for sure to the sellers.
3. Learn to read whitepapers and check the websites of the projects whose ICO you want to invest in.
4. Just enjoy the crypto ride, keep calm, be patient because in the long run, we will all become rich here in crypto.
5. We are part of the future. Do not quit!
Actually take the time to do proper due diligence before you send some of your hard earned Ethereum to an ICO. Read the whitepaper fully and establish firstly if it is a bloated piece of garbage designed to confuse you and secondly if there is a real sensible applciation of the blockchain for this project. A successful ICO can be a good way to make some quick money a poor one a quick way to lose it.
Be patient and do not rush into selling or buying bitcoins. learn a lot about bitcoin and cryptocurrency, successful people always ask a lot of things. They are looking for new lessons. They are always learning. Then make a difference today.
If we learn from our mistakes, what words of caution would you like to share.
yeah, me you and others can wrong, there is no them here who always take the right decisionI will share with you:
Before you get started, you must understand what you are going to do
think carefully before making a decision, in the cryptoworld everything can change quickly
don't easily affected situation, not everyone has good intentions
be patient with the decisions you make, harvest season will coming
and don't forget to enjoy the results
Take you time and study the coin you are thinking about buying. Look at its record, price trend and users review and ICO price wherever applicaple. Don't jump in in a pumping market. You'll have plenty more chances to buy the coins in future and BTC/ETH are still better bets on holding.
I think it's not too emotional, don't sell your tokens, even sold within a short period of time after you will feel happy because of a drop in prices, but eventually you will find that the long-term holdings is the most profitable.
- be patient, hodl your token or coins if they got red sign because the market are volatile, sold when you consider its the point to sell
- don't be greedy, when its enough its enough
- be careful of the exchanger, don't keep to much coins in exchanger. Keep it in your own wallet
- don't be too proud, learn more every day
- don't be greedy, when its enough its enough
- be careful of the exchanger, don't keep to much coins in exchanger. Keep it in your own wallet
- don't be too proud, learn more every day
Almost all have been said but also you need to Stick on your trading strategy. If you are a long term holder then just hold, you should not be worry if the price drop, that is actually a great opportunity to buy more. If your trading strategy is day trading then remember your cut loss and sell limit. If the price went up more it is still okay, it will not happen all the time and at least you were able to get some profit. Also do not listen on random people, avoid the noise , each everyone has their own intention on bashing or promoting a certain coin. Do your own research if the news are true.
If you were the wolf, would you also quickly learn from the fate of the donkey? Nothing wrong with us taking lessons and learning from mistakes, including the mistakes of others. Inevitably have to stay afloat until the price is back high, in the world of crypto succeed and mistakes must always exist.
If we learn from our mistakes, what words of caution would you like to share.
Main is PATIENCE and HODL. I used to have more than 32k of XVG last November and I sold it on the 2nd day of December for a very cheap amount. After a few days, the price suddenly pump and if I didn't sold it immediately, I should get $10k on its peak. Lessons learned. I need to have tons of patience in this industry for my investments to be profitable.
If we learn from our mistakes, what words of caution would you like to share.
Trust no one and do it by your self. As long I have been trader/ investor my mistake just one, always follow sign from another person and never ask how they get the result like that. Never believe my skill and using bot for make money. At least I loss almost 40% from my money and still don't get it how it happen. My experience is my best teacher, now just do by my self even loss become my friend.
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