Bitcoin Forum

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

As long as a person does not stumble, he will not be cautious, everyone invested trusting in well-known traders who told tales of great growth, but suffered losses. As you correctly noted, you cannot constantly listen to experts, you yourself need to study the information and analyze for future investments.

People who invested in Eth when it hit $800 are still a long way to recover but I doubt if the majority of them are still holding those Eth they bought at $800, it's going to be a very long wait for them to recover the expected wait could happen next year.

Are you not seeing if the ethereum's condition right now is different caused by the majority of exchange sites are using they're its own token? They are not using ethereum directly to raise the funds. They are not interesting use ethereum again as the main crypto to raise the funds a difficult thing when it comes to the competition with exchange site.

While you are talking about the volatility then the market started to go on correction again. It's correct to say that at least be careful with your investments because if you have invested to a wrong coin the chances of recovery is too low.

And for those well known coins, you have a big chance of recovery but it's a matter of time on how long you shall hold it. If you have what it means to become a long term holder, you'll soon harvest the results of your patience.

The main problem with their bad investment last 2017 bull run is they ride on the hype and forgot the most important information on crypto investment which is its deadly volatility.

when the price starts to rise again this year crypto enthusiast knows how to deal with the situation and they not rushing again like they did last time.
the perfect timing to buy Bitcoins or some other Altcoins today is waiting for it to go dip down again and buy some that you only can afford to lose because buying at its peak price this year has some brutal consequences. especially after you bought some and saw the price continue to fall.

We have learned our lesson last time, let's not make the same mistake this time and wait for the right time to buy some bitcoins or Altcoins.

crypto prices are very volatile, everyone who knows crypto for a long time must have known this crypto nature, not only the advantages but disadvantages are also considered if playing crypto, because a little made a mistake when investing, the money will be lost and have to wait so long that the money back again.

yes I agree with you, if they have knowledge of this investment they must have sold it. and at this time maybe they are buying more because they believe there will be a price increase in the future.

I personally bought ethereum and bitcoin at the highest prices, but after I knew the conditions were not predictable, I sold it. and look at me now, I'm not part of those who lose and now I can still survive with my first investment fund, the most important thing is that I can still make a profit.

People should start using rational approach to the market rather than an emotional one. A lot are buying out of FOMO. That is one trap that will put them into loss. A lot are selling out of fear once again. That sealed their loss. They seem not to be doing steps out of their minds, many are making decisions our of what they feel. A bull run is not a time to buy, it is a time to consider selling. 

Every investment must have risks, it's just that they are too greedy which makes them careless to start their investment in crypto. Not just buying low and selling high, but there are many other considerations and analyzes that must be done before investing in crypto.

We have all made a bad choice at one point and the other in the crypto market but i guess we have all put that behind, we just need to be careful not to make a wrong investment again in the crypto market.

A lot of people have made many bad moves. Even me, for all the good that I have experienced I made many bad moves also. I will be honest and say I am happy because the 1 good move (Bitcoin) made up for all the bad moves (altcoins and poor ICOs),,, so in the end I did not lose money I still have equal possessions in USD. Overall I LOST BTC but thanks to 10k price I am back at parity.

I will not be disappointed anyway because all money invested was money I was willing to lose. The same should be for everyone.

People are smarter today thats my opinion. They should've learned a lot of over this past years. The market is evolving and we should too lol thats a little cheezy  ;D

Carefulness is a must for everyone who enters the crypto scope, whether for trading or investment. Why? As already explained, crypto is full of risks. Crypto is very volatile and not stable. Therefore, without caution and smart and appropriate decisions, the possibility of loss, scammed, and buying shitcoins is very large. Moreover the too bad cryptocurrency with very low value, it will make us lose easily.

Your argument seems baseless to me, many exchange still use bitcoin and ethereum as the major cryptocurrency to raise funds. In the other hand, their own token trade against btc and eth and that still makes it important

It is a quick cash if you hold them and not trade. If you trade you can lose half of your wealth in few days. Just dont do it and you will be fine.

Although every market has fluctuations and ups and downs but i agree with you about the dangerous volatility that is unique to crypto market but i think real bull run will occur next year.

Things don't turn out as many expected including myself,i invested in sparkster project last year with 2 ETH and I'm already in huge loss but i believe that once bitten is twice shy,next time I will be more careful

That is the problem. They tend to turn to altcoins for a larger amount of profit even if the risk is higher.
First, why not choose the main crypto currency which had gained popularity already. Bitcoin.

Now after that you could maybe go invest with the 2nd placer.
But never leave everything in just one basket.
Diversifying might be the best idea since every crypto currency now is unpredictable.

As long as people or investors are have enough knowledge about investment that they involved there is a big possibility that they can survive because they already know what to do in every situation that can experienced. But following about prediction of the crypto market is not advisible because no one knows what will happened next especially in crypto price value. So the result of your loss and success depend on your decisions and strategies.

95% of people playing with crypto and assuming themselves as smart investors will lose money as result. That's the nature of this market - big guys earn the money the masses lose :)

That’s really disappointing for all the crypto members. You need to do your research properly. Eth was 800 and has now dropped significantly as you mentioned. It is a very very long way to recover but let’s hope the price goes up and they can recover by the start of next year.

I am still sceptic if this is actual bull run, had made some profits from btc rally and invested in altcoin expecting to see some good return but it actually didn't happen but ended up bringing in some alts, a bull run is the one that carries along all the altcoins but this one is just bitcoin and it doesn't mean well for the rest crypto space. I just wish to see etherium back to over $300 at least to set the pace for altcoin rally, so much losses have been made already by a lot persons that had assumed it was time to join the altcoins but not knowing the case is different this time from what it was in 2017

People have started losing already and that is those that buy too high and sell out of panic with a little dip. The best way to actually follow the advice op give is to always buy at the right time and sell when you are sure that the market is about to reverse. we have many tokens and coins that are dead and investing in those type of coins with the aim that there are going to give you good return is a big mistake.

you just wake up? 99% people lose their money because all market was falling and no matter in what you are invest! if market will grow every investment will grow too! and the most of people will return their funds, BUT where is growing?

Everybody make decision at its own peril. The fact that you buy now all later does not me you will lose or gain every time. Some time you lose and some time you gain. I heard a friend that bought 24 ETH when the price was around $600. He has not given up and in fact he stop checking his wallet regularly because he always felt bad. Nobody knows what we happen in the nearest future. So far as ETH still exist, it shall surely reach above 1k one day. Crypto is volatile as you say but hodl it will not do you harm. Only a wise person will continue holding irrespective of the present conditions.

OP's call for careful investment is highly appreciated. But the OP should be aware that what makes something a business is the risk involved. And to this I dare say that there is no business without risk. One can not be too careful that one can not make a wrong business decision. Those I had pity on during the market crash of 2018 were those who sold off their Bitcoin completely to invest in altcoins which later turned shitcoins. Early 2018, I also got caught in that web when I sold a bit to invest in a now worthless Regalcoin.

Ever since the uptrend of the market started recently, especially BTC, everyone wants to ride the bull train.  People don't buy when price is low, when price spikes they buy in, but that's not really the best trading strategy.  If you are in for swing trading especially and always buy the green, and you don't use stop loss you might end up loosing out. Let's just be careful and understand the market. Simply put, cut down on your emotions if you want to be successful in trading.

I agree with you. Most people are quick to forget and trust the predictions by most "experts" that they always fail to do their research; when it doesn't go as planned those experts will keep mute. This space is unpredictable and volatile, therefore people need to be wise and careful of what they listen to.
No matter what, due diligence is very important; hold potential coins so that even if it dumps there is hope of it increasing.

Indeed many investors enter in crypto when the price is soaring high due to fomo especially last 2017 bull run. Lack of knowledge on how crypto works are the main problem why some of us end up losing our money.

Currently the market is declining and for those investors planning to buy take this chance because the prices of the coins are cheap. Dont wait until the market recover again before you buy, thats a usual mistakes of newbies here.

A trader must understand that loss is part of trading. if the loss gives up I think he opens a trader. Losses must be replaced with other trades and try to find profits to cover the loss.
do not give up .

You are quite right, first thing people need to have at the back of their mind is that the market is still very volatile for now, and we will always operate in a volatile market till future when bitcoin  quite stable. Investing in the volatile market was not the wrong move, but the mistake many people made was not to work along with the trend.

So, many investors of 2017 only understood one language then, they only understood the language of Bull run but did not know that there was another season for bear market, I think after the bull run was the first time people would be understanding that there is also bear market in cryptocurrency market including me, and as they say, Experience is the best teacher, most of us have had experience now, and this is why you have not really seen bitcoin pass more than its current value, because people are taking their profit as soon as they see an opportunity to do so now.