your worst mistake - page 14. | Bitcointalksearch.org

2double0

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Quote from: bitlihz on May 04, 2021, 08:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

Never follow an insane guy who owns a big company whose name starts with a 'T' and who likes to shill coins starting with a 'D'. The best advice you can take. Because after following this guy and believing his tweets, many people lost their hard earned savings which could have helped them survive the pandemic situation. It was only days when Elon was tweeting that Bitcoin is not energy efficient, then came China to pour more oil into the fire to inflame it to the next level which caused a serious crash.

Natsuu

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Quote from: ?? on ??

One of my biggest mistake in the crypto world is that I have invested in a shit coin, I invested $500 in a shitcoin of Yobit DLRS and lose all of it because it goes to zero, but actually, I already pull out my 25% of investment before it goes to zero, at first when I discovered that coin in Yobit it makes me so happy because it gives me 10% interest each day, so the first day is really good because the value of that coin goes only a little bit down, but then it goes down too quick maybe in 1 month it goes to dead coin, I am so down that time because of losing that money.

The mistake that you did, was done by many people, including me, because who is not interested in the offer that Yobit promised. But we forget that
the risk of investing in shit coins is very large, because at any time the price can drop very drastically. Because shit coins usually have low volume,
so if we sell it too late, it will be a very long time waiting for the price to rise again. Sometimes some shit coins become dead coins, and I have
experienced it several times, there are a few shit coins that I have until now I can't sell them. So my advice is that we should avoid investing
in shit coins, just choose to invest in popular coins with high volume.

Don't avoid it, Learn from your past mistakes and do something about it. As what you've said, shit-coins is high risk high reward kind of investment and it is for every shit coins out there. And as a trader, we are common to risks and failure, so instead of avoiding it, try to analyze the coins more, be more cautious about it and look for other factors such as looking for that coin here in the forum if it is gaining popularity.

coiner-88

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I contributed yet luckily for me it was a modest quantity contrasted with the remainder of my capital, anyway it is doubtlessly my greatest mix-up and from that point forward I have focused on being put resources into bitcoin and bitcoin just as I don't actually see the purpose of facing a challenge with different coins. You will feel that you are futile and you can't exchange. These are the kinds of slip-ups that I used to do in the absolute first year of my exchanging.

conected

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Quote from: Twinscoin2017 on May 21, 2021, 08:17:40 PM

Quote from: bitlihz on May 04, 2021, 08:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst mistake is that I never do holding for a long time i was a panic seller and i am afraid to gamble my time and capital in crypto. But from now on I learned from my mistakes and i am slowly changing my strategy and i am not afraid because I've experience a lot, learning crypto is really hard because it involves capital and time. Just keep going and never stop and when you have learned a lot earnings will follow.

- According to what you said, your strategy has changed and long holding is becoming a priority because in the past, you were impatient with holding and failed but you're thinking about right and fix your mistakes or you are misinterpreting the cause of past failure. In this case, I feel the mistake is not your strategy, the mistake is your knowledge of crypto, knowing too little will make you panic quickly when you can't handle the bad situation, a lot of people who don't hold long-term still succeed in a very normal way, the strategy only works when we know where to apply it

nowfall03

newbie

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I did was the point at which I froze sold. In the event that I'll summarize those mix-ups, it's difficult to acknowledge that the worth has risen and the sum is not, at this point a joke. I lost a significant piece of the capital that I contributed yet luckily for me it was a modest quantity contrasted with the remainder of my capital, anyway it is unquestionably my greatest misstep and from that point forward I have focused on being put resources into bitcoin and bitcoin just as I don't actually see the purpose of facing a challenge with different coins.

Twinscoin2017

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Quote from: bitlihz on May 04, 2021, 08:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst mistake is that I never do holding for a long time i was a panic seller and i am afraid to gamble my time and capital in crypto. But from now on I learned from my mistakes and i am slowly changing my strategy and i am not afraid because I've experience a lot, learning crypto is really hard because it involves capital and time. Just keep going and never stop and when you have learned a lot earnings will follow.

judaspriest

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C O M B O

Quote from: wayaneka on May 20, 2021, 10:02:47 PM

My mistake in trading that I did it many times is do not use stop loss and just believe the price will keep going up. Just like recent dumped in crypto market, I been loss about 50% because did not use stop loss. I should be change my mind, that no one crypto will going up forever even in this bull market, because there are always small or big correction before the price to go higher.

you trade in the spot market or futures market? If you are in the spot market,
it's better to just hold and don't sell cheap if you forget to place a stop loss, if you trade in the futures market,
then SL must be installed if you don't want your losses to get bigger, at times like this, the future market is very risky, advice better avoid it

wayaneka

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My mistake in trading that I did it many times is do not use stop loss and just believe the price will keep going up. Just like recent dumped in crypto market, I been loss about 50% because did not use stop loss. I should be change my mind, that no one crypto will going up forever even in this bull market, because there are always small or big correction before the price to go higher.

South Park

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Quote from: sportclub2010 on May 20, 2021, 11:14:01 AM

Here, many users write early sold. On the contrary, I hold it until the crypt is depreciated. Now there is only one junk left in the wallets. Now I am studying, gaining experience. For me now the main thing is to sell on time.

You are at least on the right track, now the only thing you need to change is that if you are going to hold your coins for the long term only do it for coins that are any good, that way your chances of making a lot of money increase significantly and your risk decreases in the same proportion, altcoins outside the top 20 should never be held and instead should be actively traded, so if you do not know how to do that then you need to stay completely away from those coins.

perfect999

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Quote from: bitlihz on May 04, 2021, 08:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

That depends on what kind of mistake you mean, if it’s about trading , or about our investment in general. I have been scammed once, but that never happened again till now because I wised up immediately and I am not going to let it happen again. Then as for trading, I think one mistake that I made as newbie was that I started trading when I haven’t had full understanding of how trading works.

So, it’s very important that anyone who wants to be a trader should learn everything from the start to finish, because if you don’t do that you’re only going to be putting yourself at risk of losing money in the market. That’s the only thing I have to say and I hope that you learn from that and good luck.

sportclub2010

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Here, many users write early sold. On the contrary, I hold it until the crypt is depreciated. Now there is only one junk left in the wallets. Now I am studying, gaining experience. For me now the main thing is to sell on time.

MIner1448

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My biggest mistake at the beginning of my journey was trading in futures, I went to the telegram channel, where cryptans raise a lot of money in futures and then I immediately thought, why am I worse ?! And he started playing futures, well, in the end, he lost his deposit and immediately thought to win it back and threw it again and so on, it is a huge nonsense to enter futures without at least studying the concept of charts.

fahmimajannat

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Buying at a high price for over greediness.
Never buy while price is sp high or unusual.
First do some research Than analyse the price.
If its so high then its better not to invest.
So be carefull.

Kez1817

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Quote from: bitlihz on May 04, 2021, 08:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst experienced in the very beginning of my trading is that I have no patience and felt panic every time and always chasing to buy even the value is too high than my sell, which give me a huge losses. But I already learned and now I can manage my trading very well. Learning from your mistake is really helpful.

blockman

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Quote from: shushu9977 on May 17, 2021, 12:47:26 AM

There are many mistakes in the first year and at the present. I got a coin in the beginning and sell only few 150 dollars, but after few months it will go to the moon like 10000 dollars.

Dude, you're not alone with such experiences because I've done that before and sold earlier and when I did it. After a couple of days or so, the price went up and I'm starting to feel the pain despite that I've got the profit when I've sold, I feel regret that I did earlier and why I didn't have waited a little bit longer so that I got more profits instead of the time that I've bought it. This mistake happens most of the time and it's very disappointing and changes our mood despite having the lil' profit that we've made.

Quote from: shushu9977 on May 17, 2021, 12:47:26 AM

Many times, I got profit and I lost my money, at the present, I got much profit and now I lost , But do not know the future, but digital asset is a good for our future.

Always priority to secure the profit. Even if the same scenario would come, you're prepared and going to be with your profit anyway.

shushu9977

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There are many mistakes in the first year and at the present. I got a coin in the beginning and sell only few 150 dollars, but after few months it will go to the moon like 10000 dollars. Many times, I got profit and I lost my money, at the present, I got much profit and now I lost , But do not know the future, but digital asset is a good for our future.

South Park

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I am terrible at Fantasy Football!!!

Quote from: DarkDays on May 13, 2021, 04:57:14 PM

Quote from: ?? on ??

Quote from: bitlihz on May 04, 2021, 08:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst mistake is not selling my tokens despite of very high value, the green in me came through without thinking any possibility that it became worthless in the future. That was a very frustrating scenario of my trading, so I decided nowadays I won't waste any chance once I got my coins at very profitable value. I would grab the iron while it's hot before everything is too late, because holding coins for such a long time might pur your asset in danger once devs won't stay longer to make the project sustainable.

I can relate. There are times when the coins I'm in are doing really well and I'm not even thinking about selling and when I see the market taking a turn I then realise I was too greedy. This happened back in 2017/18 and I can tell this is happening now also.

Best crypto practice is to always take profits! I can not stress the importance of this. It is something we all need to be mindful of and do our best to stick to it - it will really save us big time in the not too distant future.

This is a very common mistake but one that can be easily avoided, you need a trading strategy and you need to follow it no mater what, after all while many people regret selling earlier and losing some profits they still got profits, but there is nothing worse than having a winning trade becoming a losing one because you kept holding your coins thinking the market was going to turn around only to find out your prediction was wrong and you lost money.

Peanutswar

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Welcome to the board of trading discussion I think one of the biggest regrets in my life is sold my Bitcoin at the rice of 10K USD and 22k USD, of course, j remember because it's one of the most regret parts of my life imagine how long I hold those coins and see right now the highest price of the 60k USD well it's part of the market no one knows what will happen in the Bitcoin at that right this is the first wave of my investment I'm just starting on that way. Next is too much feared of the market price volatility, of course, not by me but also other members or people get feared when their money is getting lost.

Now I already have a mental positive state and already build-up to keep myself conscious about the market movement.

gamer4156

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My first misstep was selling at a value lower than what I purchased. since taking a gander at confounded diagrams, sharp falls and everything makes alarm and befuddled seeing the equilibrium in the portfolio decline. I attempted to exchange with straightforward Buy low sell high and lost everything as I possibly let my instinct be my guide on when to purchase and in this way with no danger the board and no essentials about cryptos that I purchase, I generally alarm sell.

anti-dot

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Quote from: Kayum10029 on May 13, 2021, 05:22:20 PM

I always follow Elon musk announcement and instructions but very recently I invested dogecoin and Bitcoin following elon musk tweeted but trust me I already lost more than $3650 tweeted from Elon musk tesla company suspended bitcoin . What's a crucial decisions made by elon musk!!!

It's my the worst mistake...

Awesome so you are a billionaire by now because if you always follow Elon Musk you should own a lot of Tesla shares since very early on. Musk sold his properties and lend money to pay the rent. All the money he had was put into Tesla and SpaceX. If you did the same I can only congratulate you!

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