your worst mistake - page 3. | Bitcointalksearch.org

Peanutswar

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Quote from: Zilon on December 23, 2021, 03:13:30 AM

Quote from: bitlihz on May 04, 2021, 09:42:16 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 !

A big welcome to the forum. My worst mistake in the trading line is having multiple trades open at the same time with a $100 account size. At first I was on profit but all of a sudden the trend changed and wiped off all I had and I was too greedy to close the trade on time having a strong feeling the market would likely reverse back but that was how I was left with $0

Well its normal in trding i guess you hit the beginners luck because you win a good trade this is the reason why in we keep trading we must need to keep our emotions as part of the tradign because this might gives us a good or bad outcome. This is just a lesson learn i guess if we analyze most of our mistakes we figure it out whats wrong and we can avoid those in our next trades.

coinism

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Ahh the biggest mistake!!! My biggest mistake was joining the signalling groups in lust of getting rich overnight. I joined 4 to 5 such groups in my early days of crypto investment and I almost pay them 500$ in a month and bear heavy losses in my investment also. The lesson was learned but I paid heavy amount learning that lesson.
Key takeaway: Never join any signaling group.

Zilon

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Quote from: bitlihz on May 04, 2021, 09:42:16 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 !

A big welcome to the forum. My worst mistake in the trading line is having multiple trades open at the same time with a $100 account size. At first I was on profit but all of a sudden the trend changed and wiped off all I had and I was too greedy to close the trade on time having a strong feeling the market would likely reverse back but that was how I was left with $0

airdata

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Quote from: tobi4255 on May 04, 2021, 12:26:00 PM

My worst mistake was sell early. Lots of worst mistake I had mad in the past.
I will try to learn from my mistake and take it easy

In crypto, i have lots of mistake but my first big mistake was that i bought a Coin without and experience, just i follow my friend, he bought a coin, and also i buy same coin, at the end i lost my balance.

carlisle1

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Quote from: livingfree on December 20, 2021, 07:24:34 PM

Quote from: og kush420 on December 20, 2021, 02:59:20 PM

My biggest mistake was selling at bitcoin at the very start of this bull run. I had btc (not complete but satoshis ) when it was 10k and I sell helf of m holdings when btc was 20k and remaining when btc touched 25k. See yourself how much profit I missed by selling btc so early. Though I have profit but still i consider it as my biggest mistake.

Everyone does that.

We've got into the point that we want to sell at $20k because that was the highest on 2017. And last year, when the bull run has started, we're surprised and happy to see it come back there.

And in excitement, we just dumped it on that price because that was the highest that we've seen not knowing that the bull run will continue further.

Thinking that it will just another quick pump? I feel you, I also made that mistake. I was excited by how the market went wild

and I sell my save Bitcoin but to my surprise the market just jump for more, Grin

a good experienced, no regret since I already have good profits

from where I first bought those assets, we should always move forward and think ahead. A mistake is a mistake that we can correct

or we can enhance if we do know how to accept. Things like this are not new to everyone for sure.

VanityWallets2015

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Quote from: livingfree on December 20, 2021, 07:24:34 PM

Quote from: og kush420 on December 20, 2021, 02:59:20 PM

-snip-

Aside form not being able to filter out meticulously the coins that I have invested with, which later on became worthless, this is also one of my greatest mistakes when I first started here. I agree that the excitement has brought me to take such decision, and with a mindset that the price might go down any moment if I miss the chance to take it.

panukurap

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My worst mistake at the start of trading was that I still had a hard time controlling my own emotions and almost lost my temper and wanted to sell coins when the market was dumping because I was panicking and confused. Fortunately a Bitcoin friend of mine always guides and directs me at the beginning of my trading, every time I get emotional he always calms me down and tells me to stay positive no matter what will happen in the future.

Dr.Osh

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Quote from: ?? on ??

At the very beginning of my trading life , when I was new in this crypto space, I bought a coin which pumped so much that was approximately 50x more than my investment but i didn't sell those. After a few days latter that dumped and still hold in my wallet. I discover that it is not possible to regain the coin price. That was my ignorance and worst mistake.

LOL, this is the opposite of me. the first time i tried to trade, i bought a coin which was in a big dump. well, I don't know what coin it is, but I thought that it would bounce back, and bought some. unfortunately, it turned out to be a scam coin, where the dump happened because people realized it. well, it happened at the beginning of my introduction to crypto. well, it immediately gave me a real experience. luckily, i tried to trade only a few bucks.

livingfree

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Quote from: og kush420 on December 20, 2021, 02:59:20 PM

My biggest mistake was selling at bitcoin at the very start of this bull run. I had btc (not complete but satoshis ) when it was 10k and I sell helf of m holdings when btc was 20k and remaining when btc touched 25k. See yourself how much profit I missed by selling btc so early. Though I have profit but still i consider it as my biggest mistake.

Everyone does that.

We've got into the point that we want to sell at $20k because that was the highest on 2017. And last year, when the bull run has started, we're surprised and happy to see it come back there.

And in excitement, we just dumped it on that price because that was the highest that we've seen not knowing that the bull run will continue further.

Lanatsa

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Quote from: og kush420 on December 20, 2021, 02:59:20 PM

My biggest mistake was selling at bitcoin at the very start of this bull run. I had btc (not complete but satoshis ) when it was 10k and I sell helf of m holdings when btc was 20k and remaining when btc touched 25k. See yourself how much profit I missed by selling btc so early. Though I have profit but still i consider it as my biggest mistake.

Profit is profit and this is how you should be thinking because if you do still keeps coming back and made out some regrets then you cant really move on and instead you would really be
that hesitant on making out such move in terms of your investment just because you are scared to do so.

Move on and learnt up from those mistakes to make yourself even more better and more knowledgeable on how this market moves. Mistakes are inevitable
but doesn't mean that you aren't good.

Learnings do came from those mistakes and you would learn from that.

blockman

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Quote from: galambo on December 20, 2021, 09:08:28 AM

My worst mistake was keeping my coins at one wallet. When that wallet was hacked, all my coins along with my hard work gone. It was a life time lesson that "never place all your eggs in one basket". It was terrible mistake, I wish I could have avoided that. But done is done, we have to keep moving. Learn from your mistakes rather then cursing them.

What wallet is that? an online wallet in which you don't have the private keys or an exchange wallet which is just the same in the definition? You've learned from that mistake and the egg quote, it's also applicable in investing that you don't only put that in a single basket and you need to diversify if you think that there's more into other coins. With these mistakes that we do, we're learning from them and we're also helping the others through guiding them on what they must do to avoid committing that mistake.

og kush420

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My biggest mistake was selling at bitcoin at the very start of this bull run. I had btc (not complete but satoshis ) when it was 10k and I sell helf of m holdings when btc was 20k and remaining when btc touched 25k. See yourself how much profit I missed by selling btc so early. Though I have profit but still i consider it as my biggest mistake.

Slow death

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Quote from: nhaila on December 18, 2021, 09:50:08 AM

Quote from: tobi4255 on May 04, 2021, 12:26:00 PM

My worst mistake was sell early. Lots of worst mistake I had mad in the past.
I will try to learn from my mistake and take it easy

I had more than 100 beyond protocol BP token from bounty campaign but when price more than $38 per beyond protocol then I consider it would be touched $100 very soon but my great mistakes that it now on $6 dollars today.

This is a big mistake, you already had a lot of profit and you had a good amount of money and you didn't sell because you were more greedy and wanted more profit. but the question now is:

Do you think this altcoin will go up a lot or is it time to sell and take the profit before it drops even lower than $6?

That's what you have to worry about and decide

kapalmabur

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Quote from: galambo on December 20, 2021, 09:08:28 AM

My worst mistake was keeping my coins at one wallet. When that wallet was hacked, all my coins along with my hard work gone. It was a life time lesson that "never place all your eggs in one basket". It was terrible mistake, I wish I could have avoided that. But done is done, we have to keep moving. Learn from your mistakes rather then cursing them.

It should be a lesson for others so that they do not keep coins in one wallet only because it is very risky,
we know for ourselves that hackers have different ways of doing hacks and this is very troubling,
for the future we must always be careful of the bad possibilities that happen

Masplanc

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My worst mistake is not taking trading serious at the initial when I had opportunity to learn it for free, when I ever I think about it I feel I have miss a lot. Then that was the best time to learn trading for me, I was not occupied by anything. Now am learning trading by all means , I don't even have time because of my job but I still have to make time to learn it.

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Quote from: bitlihz on May 04, 2021, 09:42:16 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 !

Gamble out my all money(I mean from the bitcoin of course not my whole real life money), doesn't know when to stop on trading that makes me suffer with losses for quite long in 2017-2018 where the price was really high at that day, doesn't read about the reviews of those exchanges because I have fell of quite so many times because of overwhelming KYC those exchanges implemented and many more.

galambo

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My worst mistake was keeping my coins at one wallet. When that wallet was hacked, all my coins along with my hard work gone. It was a life time lesson that "never place all your eggs in one basket". It was terrible mistake, I wish I could have avoided that. But done is done, we have to keep moving. Learn from your mistakes rather then cursing them.

Wipeout2097

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Making mistake is the verification you're doing something but rehashing mistake it cruel you're not improving.The more awful botch I did from the exceptionally starting is depending all on exchanging. Since you know not all the time merely win all your position within the showcase and in some cases there are fair coins you fair need to hold particularly after you got in early where its costs is exceptionally cheap. So do not fair depend on the profit you make in exchanging. Get expertise in trading and also should have plan B to pay bills and survival.

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Quote from: carrigan on December 18, 2021, 10:31:51 AM

I am grateful that I have never made a fatal mistake so far in crypto. Maybe some of what I've experienced are errors that are classified as small to moderate. I'm usually too rash and can't control my emotions, but I was very lucky because there was a friend of mine who continued to guide me when I just entered trading so that I could control my emotions well.

The beauty of having someone who could understand the market or business well is the guidance that they can provide when you are dealing around, they can guide you and inform you the proper ways of dealing with this venue of investment, it can give you hint that you needed to adjust each time the market failed you.

Recovering is not far from happening and having some good gains is expected to take place.

All you have to do is to assess and listen carefully. Some strategy will be shared, those proven ways in controlling your emotions.

carrigan

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I am grateful that I have never made a fatal mistake so far in crypto. Maybe some of what I've experienced are errors that are classified as small to moderate. I'm usually too rash and can't control my emotions, but I was very lucky because there was a friend of mine who continued to guide me when I just entered trading so that I could control my emotions well.

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