Bitcoin Forum

I did not know anything about the stock market until I knew about Bitcoin. I have been in the market long enough to understand the nature of it is a fierce game, where the essence of the game is cheating. New entrants to the market are often expecting and over-confident in themselves, I learned the lesson to survive in this market we need more knowledge than high IQ. You know Isaac Newton, the great scientist with high IQ but still lose on the stock market.

Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he 'could calculate the motions of the heavenly bodies, but not the madness of the people.'

This is the lesson that I think newcomers to the best market should learn through, as legendary investor Warren Buffett has said: Successful investing in life does not require a towering IQ, what is needed is a clear intellectual framework for making decisions and the ability of emotions to not destroy that foundation. You have to discipline yourself for emotion"   

 The ultimate advice for those new to the cryptocurrency market: equip yourself with knowledge and discipline in investing, is key to success.                                                               

Yes simply knowledge and discipline in the investing is need for being successful but lot of people just getting greedy while investing but getting trapped at the end so be ready for everything and makes bold decisions profits or loss whatever comes remember that this is not going to be the end.

BTW this thread looks like belongs to economics?!

such my 10 points to which I try to apply.
1. Before investing, learn about the basics of investing knowledge.
2. Beware of investing all your savings.
3. Do not invest in tokens that you have no idea about.
4. Do not get into unnecessary panic.
5. Plan your investment strategy.
6. Learn from mistakes.
7. Be patient.
8. Do not put everything on one scale.
9. Do not believe all analysts on the stock exchange, and you should not listen to them.
10. Keep in mind that the bull market comes after the boom.

One of the most important factor in successful investing whether one will go to stocks, forex, derivatives and of course cryptocurrency is never allow greed to control your emotions and well-being. Once this can be the paramount consideration then even greed could not save the greedy. Of course, this is quite easy said than done as we all have this greed within us and though it can be control it is right here with us...the thing is to recognize and learn to control it. The world of cryptocurrency right now is still under the spell of cheating or getting and though there is nothing we can do to change it (well others like it even) we can learn from the mistakes of others and hopefully craft our own trading and invest strategies.

I prefer to call it the law of the jungle, that who is the strongest then he will be the winner. The strongest in the sense of being able to understand any situation or condition, is ready with the plan and anticipation that will occur.