You win or you learn. - page 6. | Bitcointalksearch.org

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: DVlog on June 23, 2022, 03:49:51 AM

Quote from: adzino on June 23, 2022, 12:17:40 AM

Quote from: DVlog on June 20, 2022, 01:24:04 AM

-snip-
1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

-snip-

1. Obviously money management is very important. But i would say it is better have a no plan than have some random bad plans (investing in shitcoins).
2. Wrong. Opportunities won't always visit you again. There will be a time where you missed something that will never return. You will never have the opportunity to invest in bitcoin when it was only a dollar or two. You won't get another opportunity to invest one dollar in shiba inu and become a millionaire overnight. But yes, you shouldn't FOMO.
3. Anything can go to zero, but there are projects that are very obvious that won't make it. People did warn about Luna before.

1. How do you know a plan is bad or good? It can only be justified once executed. When you have no plan you are not an investor anymore. You are a gambler and your only hope is to do nothing but pray. So if a plan proved to be bad then that can be revised and tweaked to be better.

2. It's possible same opportunity won't come twice but there will be plenty of other opportunities that will change your life. Example: Everybody now wishes they brought BTC at 0.25$ when it was early. That opportunity was one time but BTC goes to 20k then 3k was an opportunity, BTC again goes to almost 70k, and now sitting below 20k it is an oportunity. You just need to have the eyesight to identify the opportunity. Buying BTC at 0.25$ would be more profitable but buying BTC at 3k later also made a hell lot of money.

You also need understanding aside from looking, but converting things into actions. In trading, we commonly hear the famous principle of Warren Buffett

,buy when market is in fear, then sell when the market is in greed. You have your own decision making though and you should be

focusing on what strategy is really working with you, learn and earn a good principle that will allow you to explore deeper and realize

how to have much stable system that can give you a better chance of success.

Inspiron14

full member

Activity: 1064

Merit: 101

Quote from: Wong Gendheng on June 23, 2022, 04:22:50 AM

For the current condition, of course I learned, the thing I took was not selling bitcoin 3 months ago when the price was more than $ 40k, a good opportunity because it could profit at least 10% if the price of $ 40k, now certainly loses if sold at the current price, Hold and be patient are what we must do when we see the market bearish.

Indeed, for now there is no better choice than to hold on to it because if you sell it, you will definitely lose,
we never know when for sure the market will be bullish so like it or not we have to be patient waiting for that,
but again it depends on the individual because everyone has their own decision

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

For the current condition, of course I learned, the thing I took was not selling bitcoin 3 months ago when the price was more than $ 40k, a good opportunity because it could profit at least 10% if the price of $ 40k, now certainly loses if sold at the current price, Hold and be patient are what we must do when we see the market bearish.

DVlog

full member

Activity: 504

Merit: 212

Quote from: adzino on June 23, 2022, 12:17:40 AM

Quote from: DVlog on June 20, 2022, 01:24:04 AM

-snip-
1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

-snip-

1. Obviously money management is very important. But i would say it is better have a no plan than have some random bad plans (investing in shitcoins).
2. Wrong. Opportunities won't always visit you again. There will be a time where you missed something that will never return. You will never have the opportunity to invest in bitcoin when it was only a dollar or two. You won't get another opportunity to invest one dollar in shiba inu and become a millionaire overnight. But yes, you shouldn't FOMO.
3. Anything can go to zero, but there are projects that are very obvious that won't make it. People did warn about Luna before.

1. How do you know a plan is bad or good? It can only be justified once executed. When you have no plan you are not an investor anymore. You are a gambler and your only hope is to do nothing but pray. So if a plan proved to be bad then that can be revised and tweaked to be better.

2. It's possible same opportunity won't come twice but there will be plenty of other opportunities that will change your life. Example: Everybody now wishes they brought BTC at 0.25$ when it was early. That opportunity was one time but BTC goes to 20k then 3k was an opportunity, BTC again goes to almost 70k, and now sitting below 20k it is an oportunity. You just need to have the eyesight to identify the opportunity. Buying BTC at 0.25$ would be more profitable but buying BTC at 3k later also made a hell lot of money.

Pejoh Asu

sr. member

Activity: 1484

Merit: 254

I knew Bitcoin since 2013 when I was investing at a high price in 2013, which was a price of more than $ 1000, at that time I invest around $ 350, I followed the advice of experts for hold, but unfortunately the price of 2014 dropped below $ 200 and I sold with losses More than 82%, if at that time I did not sell, of course I could be a big profit, but this would continue to happen and might never stop for learning.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: DVlog on June 20, 2022, 01:24:04 AM

-snip-
1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

-snip-

1. Obviously money management is very important. But i would say it is better have a no plan than have some random bad plans (investing in shitcoins).
2. Wrong. Opportunities won't always visit you again. There will be a time where you missed something that will never return. You will never have the opportunity to invest in bitcoin when it was only a dollar or two. You won't get another opportunity to invest one dollar in shiba inu and become a millionaire overnight. But yes, you shouldn't FOMO.
3. Anything can go to zero, but there are projects that are very obvious that won't make it. People did warn about Luna before.

Sebas.tian

full member

Activity: 2240

Merit: 184

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote

This is an investment that makes us always interested in checking prices, sometimes if we check the price once a day will not be enough, I once checked the price in the morning more than 2% but in the afternoon or about 14 hours the price of drops more than 8%, win and learning It is something we must have when we invest in cryptocurrencies.

I think, continue learning from bearish and bullish market is very important to investors because some investors are very panicking right now with the current price of coins in the market. Crypto market price is unpredictable, because it can increase within a minute and dump within 2 minutes in the crypto market, that is why you need to be watchful about the price in the market. I believe many investors will get it right in this season, because bullish market is about to appear for those that invested when the price was low to start earning money from their long term investment.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: minime0105 on June 22, 2022, 12:43:08 PM

Quote from: Pomogator on June 21, 2022, 07:19:51 AM

Quote from: Ucy on June 20, 2022, 07:41:20 AM

The truth is that if you are in control you win all the time without losing. This can only possible in a Perfect World where you actually know things ahead of time and have control over them.

A perfect world exists but is often denied by those living in the imperfect world. It's a World ruled by the CREATOR of all things,and it exists on Earth.

Yes, it is impossible to always get only profit. This is very often out of your control, especially during a crypto crisis like this. I also lost a fairly large amount, I had a plan and it did not help me. I'm thinking of leaving all my assets before the end of the crypto winter, this is my only new plan right now.

No, it is possible to make profit without loss in trading, there are professional traders who take their time to make good research, check the market history and go through trading charts, signals before they start trading, they gather good report and they ensure that the market is stable before they begin trading these group of people are know as expert traders their profit may be small but they don't loose in trading.

I think what he meant was it's not always a lucky day when trading because I'm sure there are days that you will be losing in trading and that's normal. I've seen professional traders who got lost in trading but what matters to them the most is how much winning you have compare to how much you lost.

And if you are talking about signal in trading, yeah, it might give you a profit but not that big and it takes a lot of time plus the amount of patience you will be giving just to put the orders. But it's up to us of what strategy we use as long as it benefits us.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: DVlog on June 20, 2022, 01:24:04 AM

Now I know how cash circulates into the crypto markets. I know fundamentals are the most important part of a project. I again could do mistakes in the next bull season but I will be more mature than to handle the situation. I do take some losses but the lesson it gave me would save a hell lot of money in the future.

Good for you that you started with a laptop but majority here have only started with just a mobile phone so you are considered to be lucky already but thanks to the cryptos because of the profits that it provides, many of us here have now bought their own laptops.

This is important especially for a trader that often check the charts and do some technical analysis, anyway I agree on the 2 items that you list but about the 3rd one? no that's not true. What about other big projects lke btc and eth? Do you still think that they can go to zero? It's important to learn from your mistakes because if not then you won't improve in the path that you choose and you will only lose a lot of money.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Quote from: DVlog on June 20, 2022, 01:24:04 AM

Recently I was reading one of the famous books called " Rich Dad and Poor Dad". This quote just changed my thoughts and reduces my depression. Like many others, I myself also made a huge loss in this recent BTC crash.

When I first came to the crypto world I start with only a laptop. This was all I have and I made a good amount of money because of the last bull season. But because of poor money management and lack of experience, I took a big amount of loss too. I do make some losses but the lesson learned is priceless.

1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

Now I know how cash circulates into the crypto markets. I know fundamentals are the most important part of a project. I again could do mistakes in the next bull season but I will be more mature than to handle the situation. I do take some losses but the lesson it gave me would save a hell lot of money in the future.

Unfortunately for most people who aren't "winning" , they also aren't learning. Sure when things don't go your way investment wise, then you should have a learning opportunity but from what I've found, that's just often not the case. Any time a market has a big downturn, most investors act like it's the first time ever happening. Let's all keep in mind that most investing should be long term, and you don't lose anything until you sell.

Sanitough

hero member

Activity: 2940

Merit: 715

Quote from: Darker45 on June 20, 2022, 04:13:37 AM

Everyone of us are facing the same bears right now. All our portfolios' values are falling. If we compare them several months ago, we're indeed having a huge loss. But I actually don't mind this kind of loss. This isn't permanent, after all. I know very well that this will pass. I am a hundred percent sure that the good times will be back sooner or later. So I'm not at all depressed or disappointed or whatever.

Some are saying that in times like this we're led back to the fundamentals and the technology and away from the price. But, to be honest, even if we focus on the price right now, there's really not a big problem. My optimism is not at all lessened. Even if Bitcoin falls all the way to $1,000, I'm sure it is still nearer to $100,000 than 0.

I think being optimistic despite of the huge loss we have right now is one thing that we should look forward because in the end, bitcoin is not going to collapse but this bearish market could be the start of a new ATH again once bitcoin gains its momentum. No matter how many times bitcoin will fall, we should not fall into depression as we have always seen that history takes part and will always repeat again. So learn from all your losses today, but make sure to never give up.

minime0105

hero member

Activity: 1246

Merit: 534

Quote from: Pomogator on June 21, 2022, 07:19:51 AM

Quote from: Ucy on June 20, 2022, 07:41:20 AM

The truth is that if you are in control you win all the time without losing. This can only possible in a Perfect World where you actually know things ahead of time and have control over them.

A perfect world exists but is often denied by those living in the imperfect world. It's a World ruled by the CREATOR of all things,and it exists on Earth.

Yes, it is impossible to always get only profit. This is very often out of your control, especially during a crypto crisis like this. I also lost a fairly large amount, I had a plan and it did not help me. I'm thinking of leaving all my assets before the end of the crypto winter, this is my only new plan right now.

No, it is possible to make profit without loss in trading, there are professional traders who take their time to make good research, check the market history and go through trading charts, signals before they start trading, they gather good report and they ensure that the market is stable before they begin trading these group of people are know as expert traders their profit may be small but they don't loose in trading.

Markinzo

member

Activity: 336

Merit: 41

Quote from: DVlog on June 20, 2022, 01:24:04 AM

Recently I was reading one of the famous books called " Rich Dad and Poor Dad". This quote just changed my thoughts and reduces my depression. Like many others, I myself also made a huge loss in this recent BTC crash.

When I first came to the crypto world I start with only a laptop. This was all I have and I made a good amount of money because of the last bull season. But because of poor money management and lack of experience, I took a big amount of loss too. I do make some losses but the lesson learned is priceless.

1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

Now I know how cash circulates into the crypto markets. I know fundamentals are the most important part of a project. I again could do mistakes in the next bull season but I will be more mature than to handle the situation. I do take some losses but the lesson it gave me would save a hell lot of money in the future.

I just admired the way you ended up your story unlike some persons out there they give too much attention to the amount of money lossed and forget that a lesson should actually be leant from the manner in which their loss came about.

Luna really recked many investors and some are still struggling to gradually come out of their losses but it shouldn't deter anyone from continuing to invest. Just like in the real world out their through failure many persons have leant new ways to better do things, only that here in cryptocurrency trading our failures are accompanied with financial losses.

Lubang Bawah

sr. member

Activity: 1358

Merit: 253

This is an investment that makes us always interested in checking prices, sometimes if we check the price once a day will not be enough, I once checked the price in the morning more than 2% but in the afternoon or about 14 hours the price of drops more than 8%, win and learning It is something we must have when we invest in cryptocurrencies.

lienfaye

hero member

Activity: 3024

Merit: 629

Thats why there's a saying "experience is the best teacher" because thats how you'll going to learn that can give you a good lesson. After different experience about gaining and losing, you'll realize the mistakes you committed after worse scenario happened.

Its really a must to have plan, it can lead you to the right path when it comes to managing your money and investment. In crypto, nothing is permanent thus learn to take advantage every situation, there's always a good side that not everyone can see.

laredo7mm

hero member

Activity: 1498

Merit: 537

I agreed with what OP said but I have also seen people who have made the same mistake again and again. Doing mistakes only will not change anything if you are not sincier enough to do research and find out what you have done wrong. Some people just throw money at something and wish for luck to make profits. Investment is more like gambling for them, not business. So the big question here is whether you are really willing to improve yourself and learn something or you are just those types of people who wish for better luck.

Paul Pogba

member

Activity: 1232

Merit: 12

For now, of course, I'm learning more, the market that has dropped significantly in the last 2 weeks makes us have to do a lot of analysis and what I get is that I immediately sell when I have a big profit, there is always an opportunity to buy at a lower price.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: dark1234 on June 21, 2022, 05:17:01 PM

financial management and strategy are two important lines that will make a person get what he has targeted. especially in the crypto world everything can happen the opposite of what is seen because we can't bet with this because this is not a gamble we lose and leave it. for those who can get to know the traditions and strategies of trading or investing crypto they will understand what opportunity, patience and faith are

But before we go to that stage we provably experience from losses on different type of investments, because for sure on early stage we are easily been hype because some of people hyping up this new things introduced to us. Experience is really a best teacher and after we learn from our past mistake then we are much careful about investment talks also on selecting good platform for us to invest.

error08

hero member

Activity: 1036

Merit: 514

Quote from: Slow death on June 20, 2022, 05:56:18 PM

Quote from: DVlog on June 20, 2022, 01:24:04 AM

Like many others, I myself also made a huge loss in this recent BTC crash.

you will only have losses if you sell your coins, imagine that you bought when the price was 50,000$, so at the moment you bought you had to have already considered the money invested as something that you could lose at any moment, with that thought in your head everything what you would need to do and be patient and not sell at a loss and wait (even if it takes centuries) that one day the price will be above 50,000$, while you wait for the price to recover you can buy bitcoin with each price drop, that way in At the end of the day you will be profiting and you can even recover your loss very soon. nothing is lost, you don't have to go into depression, you just need to believe and you have to use your head

it also contains losses when someone buys bitcoin at $50k but doesn't sell it at $60k, as the market price of bitcoin keeps fluctuating due to volatility, we all want our investment or portfolio to increase over time not the other way around, because it's better to sell bitcoin at that price higher and buy back at the lower price as the current price at $20k.
but for numerous people who miss taking advantage of the bitcoin price that has plummeted, yes it is better to hold on to what you have, don't sell it at loss.

sovie

sr. member

Activity: 1274

Merit: 265

Quote from: dark1234 on June 21, 2022, 05:17:01 PM

financial management and strategy are two important lines that will make a person get what he has targeted. especially in the crypto world everything can happen the opposite of what is seen because we can't bet with this because this is not a gamble we lose and leave it. for those who can get to know the traditions and strategies of trading or investing crypto they will understand what opportunity, patience and faith are

Some people learn it hard way others are born smart in money management dealing. There is another type who are good at scamming people and making money out of it. So everywhere this money game is driving people crazy. But then again - you win or you grab a lesson.

Topic: You win or you learn. - page 6. (Read 1142 times)