You only got what you deserve - page 4.

cryptoaddictchie

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Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

Well not all mindset is the same. Revenge trading is inevitable sometimes especially the user has temperamental type of guy. Like a guy investef $1k and turn that into $10, this will enable him to hit the market back hard. But thats not a good approach hence we should always consolidate ourselves to be more discipline which also a tough one to handle.

nakamura12

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I agree with you. It is up to you if you want to do something you want to do and if what you are doing lets you earn money then you deserve it and if it's about gaining knowledge then you deserve it. What you do in crypto space is your own decision and no one can decide for your own that is best for your although you may ask for guidance from another person but at the end, it's still up to you on what you decided after asking someone.

Russlenat

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You are the one in control of your own life, so whatever happens to it or whatever you achieve in life simply reflects on how you managed your own life. You get what you deserve because you work for it with the help of crypto. However, if you are waiting for big changes in your life without doing nothing, then you deserve to gain nothing because you did nothing as well. Whatever you sow, you will reap in the future. Just like if you plant good things, you will gain positive outcome as well.

Life is what you make it. You don't hold guarantees in life, so make sure to plant something good so your can expect good returns in the end.

Faisal2202

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Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

You are 100% right, I still consider myself a newbie in most cases where I am unaware of something and I have to consider myself newbie in order to learn the things, and newbies do make one mistake that they do not realize what mistake they might be doing. For example, I had all of my holdings in BTC, but, before that, I was not into BTC, I was trading in alts when I started my time here on this forum.

I was in lose due to the alts but when I accepted in campaigns and started to receive BTC then I started to hold them too and till now I can say, BTC is the best currency to hold and with time I have learn that. And if someone would ask me to make money with most assurance and lesser risk then I will recommend BTC to him.

But at that time I was not in BTC and now I am totally into BTC but being totally into BTC is also not a good strategy because there is no diversification in it. In order to manage risk you have to diversify your portfolio and the alts is not full of shit coins as it do have some good coins with good use cases like dot, eth, link etc. etc. Which are doing good and worth to have some of your investment in them. They can also give you good return and maybe more than BTC would do.

hugeblack

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As a newbie trader, you should not go into details. You want to diversify your investments, and thus adding Bitcoin by 1% to 10% will enhance the strength of your investment portfolio over time. The simplest strategy is to buy a fixed amount of Bitcoin on a monthly or weekly basis for an average of 4 cents as a minimum. The more knowledge you have, the more opportunity there is to achieve higher profits with low risks. However, trying to increase your profits without in-depth knowledge of the nature of the investment is closer to gambling with a losing bet, that is, with a profit rate of less than 20%.

Adams0001

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Quote from: Abu-Naim on December 24, 2023, 05:42:18 PM

Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

We all get what we deserve, including newbies that will come and be complaining that they lose money to either shitcoins or a scam platform; they got scammed due to ignorance, and even though they can get all the knowledge they need before they start, they jump into it without knowledge, which is why they lose money or get scammed. Bitcoin investment is the best, which is why the DCA method is encouraged so that low-earners can get the chance to invest gradually, and since bitcoin is a store of value, they will always be in profit provided they hold it for a long period of time. Although some altcoins are profitable, they are not too good for long-term investment due to their centralized nature because the project can shut down at any time.

Anything someone gets in this life is exactly what he deserves because you can't get something that isn't yours, if you didn't invest in bitcoin when the price increases, people who invest will get profit because they invest because they want to make money, if you didn't do anything you won't get anything because you didn't wake up and do something that will help you out, sometimes I'm surprised when some people say they need money and won't work They believe that money will come to them without any effort, money come to someone who works hard and achieves what they desire.

Abu-Naim

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Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

We all get what we deserve, including newbies that will come and be complaining that they lose money to either shitcoins or a scam platform; they got scammed due to ignorance, and even though they can get all the knowledge they need before they start, they jump into it without knowledge, which is why they lose money or get scammed. Bitcoin investment is the best, which is why the DCA method is encouraged so that low-earners can get the chance to invest gradually, and since bitcoin is a store of value, they will always be in profit provided they hold it for a long period of time. Although some altcoins are profitable, they are not too good for long-term investment due to their centralized nature because the project can shut down at any time.

stadus

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What a man does, that's what he gets. He reaps what he sow. So if he sticks into bitcoin and hold for indefinite years, he will gain massive profits in the future. But if he chooses altcoins over bitcoin, he might lose and eventually all his funds will be lost. That's more likely the cause and effect of every action taken or done.

We are the ones making our future. That is the reason why we should always do things in timing and definitely with caution.

Jaycoinz

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Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

In cryptocurrency generally you only got what you deserve, we might complain of how bad or the terrible experience you have had during trading or holding the wrong asset, but in reality you only got what you deserve.
Look at those that have DCA into Bitcoin over the years, right now, they will still be in profit because that's what they deserve, you might decide to hold an alt and let go at the right time and come out profitable, because of the knowledge you have on how to navigate your way in the crypto space make it deserving.
You might decide to lose your money by holding shit coin, instead of Bitcoin because of your lack of knowledge in the crypto space.
If you still want to keep holding Bitcoin, which means you believe in it, so when the bull runs comes and you start reaping your rewards, you deserve it.
Because you were patience enough to hold the right currency which is Bitcoin.

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

Sometimes lack of the right knowledge is the major cause or should I make it more appropriate by calling it ignorance because most people know of the DCA but tend to ignore and choose a faster route to their Bitcoin portfolio and knowing full the risk involved they still take it and it's always a two sided coin when it's comes to taking huge risk, it's either you win or lose it all and if you ask me I think slowly gathering your portfolio will be better as their no certain fear of losing all saving at any wrong turn of choice making.

BitcoinPanther

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Quote from: lovesmayfamilis on December 24, 2023, 08:52:38 AM

You are too categorical, OP. Sometimes circumstances beyond a person’s control arise when you have to spend something that you would like not to touch for a very long time. But basically, you are right. Anyone who plans to make investments should think about every expense and not invest their last dollar. As for trading, in this craft, all you need is a good nervous system and a character that is difficult to break into impulsive actions.

Well, there is always a saying that in every rule there is always an exemption, those who fell into a situation that they need to sell their holdings no matter how they wanted to hodl for a long time is I think unlucky. I may say they are victim of a situation and I do not think they deserve to experience such things that will force them to sell their BTC holdings even before their intended timeframe.

But for people who have all the luxury to have knowledge about cryptocurrency and the needed capital to hodl for very long time buy instead decided to sell at the very first sign of he price of BTC going down, they deserve to lose or miss out on profit because they do not have faith in what they are investing, and people who are into altcoin and see the pump going and decided to hodl longer because they wanted to sell at higher price and ends up bag-holding worthless altcoins, they deserve it because they are too greedy not to sell at a profit and wanting more.

Asiska02

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Circumstance of events like this can happen to anyone irrespective of the person you are when you first come into the world of cryptocurrency. What guides people the most is the first knowledge they get when they first join the space. If you’ve had the knowledge to make profit through altcoins and you followed it well, you would be lucky and make a fortune from it. Also, if you do the same for bitcoin, the rewards still remains for you. Your saying that everyone only got what they deserve in this space is too direct, although you’re right. But just know that circumstances happens, but in all, it is to help guide people to make the right choice or decisions going forward.

Many people are impatient and greedy in this space and you can’t blame them because me that’s how humans are been programmed to react to things like this. Everyone knows bitcoin is the most trusted cryptocurrency to invest in and make a worthwhile out of it in the long run, but the profit that comes at an instance with some of the altcoins makes people want to risk their money to invest in them also. At this point, no need of being judgmental of what decisions people make in this space as long as they already know the basics which is knowing the difference between bitcoin and altcoins.

Adbitco

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I think for someone to deserve something very good then s/he has to stop following the trends I think it's mostly deceitful without knowing those people already had target on when and how to exit the market even before newcomers or investors starts making their investment into that particular assets.

I know we all deserve to reap something good from our investment but then we don't apply the right techniques to lead us successfully to whatever investment we are venturing especially to those with mindset of following the project that would give them the possible percentage they needs within the period of time they projected without also knowing that such projects mostly ends in pump and dump.

The bitter truth is that people refuses to have patients towards holding a particular asset it could be Bitcoin or any other reputable altcoin and not just newly launched projects.

Dr.Bitcoin_Strange

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Why not? I agree with you. If one is fully knowledgeable about crypto, they will reap the profit that comes after, and they deserve it basically because they had the right knowledge and did the right thing at the right time. I take the example of people who will see Bitcoin trading around $40k+ today, but they will wait till around the bull market when the price has reached $90k. That's when they will purchase their first Bitcoin, which might be as a result of fear of missing out because they may believe that Bitcoin will get to $100k and above. At that moment, even if the price dumps and they end up losing, they caused it for themselves because they bought when the price was high instead of when the price was low.

There are people who are always in favor of making a profit in altcoins because they have studied how to go about their investment in altcoins, they know when to buy and when to sell, they do research and analyze the market before they invest, they are aware of the degree of risk they are taking, and if they finally make a profit from their investment, they deserve it.

Sim_card

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Not everything that happens to a man is of his doing, there are somethings that are bound to happen so that we can learn from it. Some people it is because of their greed that makes them run at loss. They have the knowledge that bitcoin is the best to invest in by holding for long term, but because they need big profit within a short period of time.

This is same with trading, and they forget to understand that trading is more skillful than hodli and it is more professional, they think that they can use trading to double their bitcoin, when they cannot control their emotions and they enter the market when they don't understand the market.

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Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

In cryptocurrency generally you only got what you deserve, we might complain of how bad or the terrible experience you have had during trading or holding the wrong asset, but in reality you only got what you deserve.
Look at those that have DCA into Bitcoin over the years, right now, they will still be in profit because that's what they deserve, you might decide to hold an alt and let go at the right time and come out profitable, because of the knowledge you have on how to navigate your way in the crypto space make it deserving.
You might decide to lose your money by holding shit coin, instead of Bitcoin because of your lack of knowledge in the crypto space.
If you still want to keep holding Bitcoin, which means you believe in it, so when the bull runs comes and you start reaping your rewards, you deserve it.
Because you were patience enough to hold the right currency which is Bitcoin.

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

To be honest I don't understand why you are posting this message in the Beginners & Help section instead of the Discussion one. Do you really think it will help beginners to say that? First of all, BTC hasn't being designed by Satoshi Nakamoto to be a financial investment otherwise it would be declared by the SEC as a security. It has been designed to be an online "Peer-to-Peer Electronic Cash System" actually. So you should encourage newbies to use it instead of trying to just make profits from it.

sunsilk

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That's true and those people that just can't be patient at all are the ones that losses more money. They are preferring what others strategy that works for them but not for own selves.

We've got different journeys if it's about trading and investing on this market. And the crazy part is the comparison of how others are finding the so called gems and make a lot of money from them while someone who's just chill on the market doesn't.

It's also the reason not to look at others portfolio and holdings and how much they are making because you have a different approach towards this market's volatility.

Churchillvv

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If anyone gambles with their money on any shitcoin, it's on them to take responsibility for their action, but your assumption that in the crypto space, what you get is what you deserve is absolutely wrong. Yes, I said so. So does anyone deserve to lose? Does anyone deserve to gain? It all depends on the circumstances. You can lose in Bitcoin too; it's volatile in nature; it goes either way, so don't exaggerate holdings of bitcoin as the only way to profit.

Assuming I bought an alt like SOL at $1 and now it's $100 plus on the coin market cap, does that mean I also deserve to lose because I didn't buy Bitcoin? So look at things critically, both negatively and positively, before you conclude.

I'm not disputing the fact that DCAing into Bitcoin is good, but let's not overexaggerate things.

Crypt0Gore

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So you are literally considering every other alts as shitcoins, that's where you are wrong, many people won't be here today if there is no alts, the hope and dream of making money like those who buy Bitcoin from the beginning is why many people are in crypto space, they knew that getting such ROI as those who bought Bitcoin years ago is now not very possible with Bitcoin anymore so they are looking elsewhere.

If we are to consider that all other coins except bitcoin are shitcoins, what about those that bought Ethereum at $1? I am not going to consider all other alts as shit, yes Bitcoin is the best and the safest, but the most part where I made the best money is from altcoins.

I am not afraid to take risks on alternative coins, and right now I am reaping what I deserved, taking risks makes you stronger, mine thought me how to pick the good apples from the basket of bad apples.

m2017

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Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

~snip

How and who determines who deserves to receive and who does not? What do you need to do to move into the "deserving" category? You know, these are all vague abstract statements. In cryptocurrencies, those who deserve it become only because of luck or a simple coincidence. Those who were the first to buy bitcoin received a good profit. Is there any highest merit in this? Hardly. Their achievement is only in the presence of patience (or in the absence of an urgent need to cash out the invested money), thanks to which they were able to save their bitcoins.

Quote from: Barikui1 on December 24, 2023, 07:53:09 AM

As a newbie or experience trader, if you decide to do revenge trading, emotional trading or high leverage trading, and you lose everything, that's what you deserve, because you lack the knowledge and discipline required to know when to stop and when to continue.
In this space we all get what we deserve.

When investing or trading, you need to act prudently and only with a cool head. There can be no place for any emotions here. In this space, people get what they can take, not what they deserve. If you managed to make a successful deal, you are in chocolate.

hugeblack

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Sometimes patience makes you afraid of taking risks. Many people do not want to invest in Bitcoin for anything other than because they are afraid of trying something new. Therefore, taking risks and taking steps that may not seem carefully drawn is a good thing sometimes, but the result must be a risk-calculated adventure and not just an emotional investment.

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