Bitcoin Forum

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.

These are the right words. Those who are chasing untold riches as a rule are always left with nothing. And the one who is reasonable, chooses the best ways for investment and is able to be content with little, the one who is able to stop in time, having earned enough - he will always remain on his right way and at the same time will be completely satisfied.

This is a vital point telling us not to be greedy but a rich man once said 'be greedy when others are fearful and be fearful when others are greedy' , I personally believe that if you know the perfect timing you will end up achieving your goals, those who sold their Ethereum for pennies years back shouldn't be regretting now is they are truly satisfied

Better not to think for being rich in just a short period of time and set your timeline longer, maybe a goal after 5 years or more.

Losing money is normal when you are investing, what is not normal is that you are spending money on the things you don't know and that's where a big risk started and many newbies loss their capital because of being too careless on investing.

Always be wise, this is a life lesson that you need to master in order to succeed and its not just on your investment journey. Keep hustling on achieving your dream but don't be greedy, just keep on moving even on a small steps.

Nowadays, there are so much investment options we can avail that are endless. But it is difficult to figure out which investment decision will provide the maximum rewards for us. In addition, the excess of information within the investment market makes it even more difficult for us to discover what information can be trusted or relied upon. So to be a wise investor we need to consider things understanding what was all about it to ensure that we have made the right investment decision.

There is nothing wrong if you are holding it and you're looking into it for 3 years. Many bitcoin holders are like that but we don't dream of being a whale. Instead, we're hoping that whales will also make us wealthy with their moves.

Being wise in investments happens if you have experienced some problems before. This makes you a good investor because you won't do the same mistake as you did even before.

That is true if you dont want to lose every single cents of your hard earned money by trying to be a better investment and thought that you will really benefits in doing a long term investment think twice or even thrice and if I were you always take advantage of every good situation that is happening in the market so that you will gain and earn a good profit rather than wait for a very long time only to find out that you lost everything.

To all new comers there should be a thorough research on what to invest, when and how to invest in cryptocurrency.

For easy investment to earn.

Invest in establish altcoins like ethereum,
Invest money that you can afford to lose
do not put your eggs in one tray meaning you need to divide it to different wallet,
Use offli e wallets if there is any like to bitcoin but if there aren't then establish and secure wallet like Myetherwallet will do just make sure that the wallet you visit is legit and not a phishing site.
Invest when coins price is cheaper or when the crypto market trend is down like havinf btc at 6K and below would be ideal.

There could be more this is why if you are newbie in investing cryptocurrency you should at least discover how crypto market works for you to earn.

That's why you have to start with the kind of investment you like, if you like crypto then start with that, as well if you prefer stocks, property or others.
If the choice is crypto you must see whether the project can actually be implemented, even you believe that the project is good but you need consider about the loss, then this is important to set a goal about your investment.

What i usually do, and this is by no means financial advice;
If i invest into something, i usually have a set goal when i'm gonna sell. And that goal should be realistic, not something stupid like 100000x.

For example, 2x is more than enough for my taste. So if and when the coin reaches 2x, i sell 90%.
This is already 80% profit, and i'm happy!

With the leftover 10% i leave just in case it actually does go 100000x :)

investments need patience and always stay away from greed mate
thats why an expert always said learn first before you earn,, because the first and the best investments is if we want to learn
so, when we ready to drop our money, we already knew how to manage the risk

We have different dreams and many people want to become rich and to earn big profit so that's why until they holding their coins
Im not against to them because maybe they have purposes why they hold it and even me Im holding my coin right now because I believe to my own research every people have different thinking but you have also a point on your statement but for sure others will also explanation why they still holding.

you said to your self that you are gonna be a whale right before you start , that ambition is too big and will be hard to achieve if you have a trait that is verry far from a whale like when you are poor or only have a small wealth .  why not start small , avoid wanting a big dream that is hard to achieve . in that way you will not going to pressure and push your self  . no discouragement and hard feelings when you fail because that was a small failure anyway and what exactly living a good life mean ? that means good food , good house , etc.  you cant live a good life if you dont have alot of money   . you need to get rich to live a good life

I think people should be more interested in the quality of projects they are participating in, and less on their investments "mooning" in the future.
 I think the projects you choose to invest in have to be very useful or potentially very useful, without compromising on crypto-decentralization and safety standards. Their developers must be sincere, fast, very talented, skilled, committed, principled, focused etc

If you already know you are in profit why need to wait for years just to earn ? if you know you can do that in various projects as long as you just turn your money around. Take profit and find other project that you think will give you a short term gain continue doing that for 3 years and the result will be the same or you will have more profit but its lessen the risk of loosing too much.

I don't think there's such thing as future whale though, it's either you are in the beginning or not.

Self made whales are rare, it will take time before you can call a whale in crypto, and it's subjective, how much crypto you should own before you can call yourself a whale?

And don't chase that I'm going to be rich in 3 years, yes, there's nothing wrong with having a dream, but most of the time it is exaggerated that instead of making a decent money, you chase that goal and eventually you lost. As I have said in the past, this is not a sprint or we are going to compare our crypto journey, it should be a marathon. So it will take sometime before we achieved our dreams in this market.

One of the main problem been in crypto is greediness and once you are not okay with little profit, believe me, it will take you back to poor person. I have been there and I am typing from experience.
I have invested $1k Usdt to bnb for $17/bnb early this year, I made profit of $500 when binance made some announcement which peaked it price to $26/bnb. I refused to sell hoping the price will 2x but March market crash almost made me cry and depressed.

Been a whale isn't easy, they also make loss sometimes but i think most whales don't chase new projects. Anyone can be a whale in any projects because we view them with different specs and taste.

You could lose everything if you are not an educated investor, it's ok to wish that you are going to be rich we are just human as long as you have a good intention and doing it right you can do it, and it's good to live a rich life and at the same time a good life both are attainable with the right path and determination.

We should all be a wise investor, not a greedy one. Let's not get into easy getting rich schemes so we avoid getting scammed. We've seen lots of investors who want to get rich so easily and they just failed because of that. As many sayings invest only what you can afford to lose but sometimes people invest as much as they want to get profit not knowing if they will lose they will have nothing in the end.

This is a good example, as every investor or an experienced investor they never let their coins sleep, instead, they spread their investment, putting money into one project will not do you good even the richest person in the world never do that, always explore other projects because this will save you, in the long run.

fair enough. lives are more important than money. But what about if you have nothing like health insurances, job etc. Money means also health for some people that lives in non developed countries.

most of the experience traders only tell you about the profit but believe me that they have lost so much money to be at that place. become a rich person it's not easy task to do, you can lose more money in your journey to get money. you are correct also that small profit is also good for your income as well

if its on bitcoin then yes, but for other altcoin, you would be better to trade it regularly

in the world of crypto currency it is very hard, you have to risk your fate if you want to invest,
because we already know that 80% cryptocurrency projects are scammers,
of course you as an investor have to be wise, and do your research first.

It is a good wealth-building strategy, as you can encounter a greater chance of yielding a profit. However, it can’t be enforced in any project because some projects are not even worth looking at. It is those who are trying to fool investors into gaining without any hassle and low risk. Investment is connected with the risk of losing, so learn to accept an opportunity, but don’t forget to implement analysis to ensure you are not depleting your funds into scam investment.

I think we should need to double research before invest .Most of the recent project are fake and got scammed i have seen lots of Defi project being scammed .So investor need to research before put their money .On the other  hand a good project always makes you a huge profit .So i wanna also say be wise before you invest .

you should not really just sit your coins on your wallet and just wait for the price to increase you will really miss the opportunity to invest and earn a lot of profit. some users really think that holding coins for a long time is really beneficial where in fact there's a lot of things that might happen.

Which is why we should still be working even with money in front of us.
Somehow all of it will be gone when we don't create another.

I am actually satisfied just making $1000 from investing with ICO's and other investments as long as it doesn't take a year before that number will happen.
Satisfaction. I guess that is the most important thing when investing with altcoins.
Just the fact that I didn't do much work but just research and risking my money makes me happy to make profits out of it.

I'm pretty sure that every investor reaches this stage of being not satisfied with the profit they can possibly get and expecting more from it, I myself experienced it and it was a devastating experience, From that kind of situation we learn as an investor/trader that we shouldn't expect based on our ideas but we should expect logically depending on the situation. After that experience, I am very contented with every trade and investment I make as long as I can get a profit even if it is a small or big profit.

In the same vein there are still investors that regretted their actions of sell off their stash before the pump stare into place, this market or industry is a game like industry mate, so, do that which you have in mind than to copy-cat others. Personally, i don't always wait to get a profit of 50% before letting go my investment but just with 25% am okay with that.

Getting an income from trading or investing in this place is enough to me. At least I can tell to everyone closest me that I can earn money without I'm not working in my real life. And I'm doing it now, I'm fully rely on my income in trading and investing to meet my family life and so far it works to me.

So, to become rich in crypto trading/investing is not my first goal. I just have one hope that I can consistent to earn money in this place and seem like the purpose like that will make me stay for a long time. Maybe it is not like for those people who have à high expectation who spend a lot of money to become a rich in crypto and they leave when they loss money.

I agree with this opinion. even though. money and wealth are not goals, money and wealth are means to an end, namely happiness. but many are unaware of its tools and purposes. many people get sick chasing money, many people go crazy chasing money. if we can't differentiate between tools and purposes, then our life is never enough and happy.

The bad thing here is when you are holding altcoins and think they will make you rich  ;D, no, they won't, rather they will end you into poverty. The very best anyone or investor can do while dealing with altcoins is: after receive, getting them off into the exchnage to deposes them off immediately. Only Bitcoin is recommended for long-term hold and that's what am doing currently. But for altcoins, NO!!.

well, that's why people have always argued that it is better to take a small profit than to have a loss. in this case, we all feel that dissatisfaction can be our main enemy.
when you're an investor, and when you've made a good enough return, it's best to take the opportunity. because most of the investors are waiting for bigger profits. It is okay if there is a reason behind it, but most investors are just speculating to see the price is very high.

i think the key to be a good traders or investors is by cut your lost short, and have a reasonable target of profit
wich mean we must know when we enter the market and we must know when we exit the market in profit or in loss mate

To be a successful investor first you need to learn what you should not hold. Some people buy an alt after seeing a huge dump by thinking it will go up again and I will be rich. That time never came. We are not whale so we should take the advantages of the pump dump situation. The Crypto market will always pump and dump it won't walk sideways. So we should buy are sell by finding perfect timing and this will increase your portfolio forever holding won't.

We all want a good life. To get that we have to work, create value to serve our own lives. Investing is a way to increase the amount of money we have, but it is also where we lose the money we made. There is a need for a pre-investment plan to minimize undue risks and bring significant returns.

It's true that investing is one of the best option to earn but as you can see a lot of scam and shitty projects are all around right now so you would really do some good search and more for good project but if you are just up for profit through altcoins you can just do some trading on the market through altcoins.

Greed is what gets most traders at the end and makes them lose all their capital, after all making money in this market is as easy as investing in bitcoin and then hold for five years and the chances that you have more money than when you began are probably above 80%, which are very good odds if you ask me, but people do not want that they want to become rich and in order to do so then they need to invest in coins with no reputation and lose their money in the process to scammers and ironically they end up with the opposite result .

If you do not know what the result of your investment should be, do not take part, take a break and start a new search. You found an interesting idea that brings you to a consensus, while not promising huge benefits, but guaranteeing a stable profit, which is similar to your ultimate goal - try it.

The majority of people enter the crypto market to make a profit, but the crypto market is full of risks.
Newcomers and those who desire high profits are more likely to fall into FOMO, often not knowing when is enough. Successful people know how to stop at the right time, setting a target that matches their capabilities is the best way in this market.

In other words you want to say that taking small profits is better than hodling for longterm. Well it depends, it is individual choice and strategy, I do take profit with small holdings or new coins while i try to accumulate btc and eth for longterm hold.

Yes, successful investors are always satisfied with reasonable returns and are willing to stop with small profits.
People can't instantly get rich overnight, making money is a long and demanding process. It's best to learn to be patient instead of impatient to get rich quick.

Being a rich man using crypto is a long process and could not make it to be that instant for the reason that along the way, there will be lots of struggles and challenges that will arise specially we are all working into a volatile market so you better look upon sudden changes and must be able to adapt and think of possible ways on how you can work on such struggling situations and make it assurance that you are still making yourself profitable in any way possible. Being a wise investor makes you a need to be a responsible one on spending for you will be obligated to make ways on how you can make sure that such investments will gain you profit and not the other way around. Being a rich man is not that easy, the misconception that people are always thinking is that getting into crypto makes you an instant millionaire is not true so better make yourself educated to become a wise investor.

Yes. Investors who get rich in time surely worked hard for it and not just dreaming and depending on whales that somehow it will make them wealthy. Wise investors always start with small profits, taking step by step strategies until they come up with bigger profits. I also believe being a wise investor needs a lot of patience and perseverance so he can still overcome those unexpected losses that will surely come along the way.

Being wise investor doesn't mean you did not meet failure, as they say failure teach people to be wise. In this case, learn from a past mistake and be more wiser this time like investing if you once failed then stand up on the second phase in investment then be wise. Studying and having good research before investing is always a good point and leading success.

Being a wise investor means we know how to choose the right investment for us, and we can search for the correct info in the right place.
Besides that, we will know how much money we will use to buy the investment because we always calculate and predict how bigger the profit and the loss in the future, and we can make another plan if something is run out of our prediction.
You can have big wishes for your investment, but you also need to remember that there will be time to see that your plan will not always work perfectly for you.
It will no problem if you make a mistake because that will be your lesson for you to be a wise investor in the future.
When you can have much experience from the lesson you got, you can improve your skills, which means you will have a chance to profit.

We always have to search the market for intelligent investors but many times there is a loss but loss helps us learn something new in the case of investment decisions have to be made with understanding and cold head do not react immediately to rumors in the market. Decide by verifying the veracity of all the news do not rely on any unsupported formula a good and intelligent investor does not make hasty decisions.

That is true always keep in mind that if there is an opportunity for you to earn and gain a much better profit while investing and you have seen that there is a huge pump in the market seize the moment and do not think that you will get a better profit if you wait for a long time because we know how so volatile and unstable the market and the cryptos are and maybe because of that mindset instead of gaining a good profit you will end up nothing and lose everything you have.

Expecting a project to bloom in the future is not that bad, but take note that if you look too far ahead you will miss a lot of opportunities. Holding for too long is not a safe investment plan, any project can bloom in their early stage and die later due to lack of progress or mismanagement, some might start slow and grow steadily as time passes. Grab all the income you can and don't let your money sit steadily and wait for the project to grow.

There is nothing wrong having a dream, it's never going to be easy or probably fail in the process, I'd say everyone should belief in whatever they feel they can achieve and do try to cut losses, if you want to be a whale be ready to invest only what you can afford to lose and yes it's good to also take profits from projects you have no plan of holding for years

With the right investigation tactics you will end up fulfilling your dream, what many people do is choosing the wrong projects and after two to three years later the project end up dead, use case and professional team can bring your dream to reality, like I've said before it won't be easy, yet if things are easy everyone will be bill gates isn't it?

One of the reason that scams appear because people invest in scams. People invest money in projects without checking a details. It is necessary to check everything and have a professional knowledge before investing. Always necessary continue to study. Now staking is popular because staking allows to earn more money on holding tokens. Here some news about staking https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

I do agreee with it but it's actually depend on the result of your DYOR. Sometimes there's a project that can comeback again. you should take a look at how JRT, Utrust have been doing very good comeback to the market.
In this case, selling your coins when you were in profit was a good idea but remember just try to keep a small percentage to be used as a long term hodl.
We didn't know what will be happening with the coins. You can also see how CHSB was doing very good job too.

When it comes to investment, a lot of people are failing when it comes to their mindset. They always want a investment that will give them huge reward in that kind of investment and I think it is the reason why they are falling to scams project and losing their money. Being a wise investor means that we have a quality of winning mindset where we should first focus on learning than gaining profit in the investment that we will make. Before you put your money in specific investment, try to ask yourself if your knowledge and intelligence is currently enough to handle a lot of unexpected situations? If not then it should be a cue for us in order to focus on leaning more to become a wise and profitable investors. All of investment have risks but we can lessen the risks that we will take if we know a lot of it about that kind of investment.  

Losing money in crypto space is normal, I don't see how you won't end up losing money in crypto space, well it's a good advice that we should take profits but mind you there are few projects that will surely worth more in future, the problem for most people is how to detect them, Chainlink put a big smile a the faces of their early adopters, from a dollar to 12 dollars is insane amount of ROI

Sometimes being a wise investor doesn't mean that you will not fall or mistaken, our willingness to try other strategies sometimes brings us to lose,but that's really how we live in crypto space. Maybe we should invest only small amount especially if the coin is new to you so that when the time comes for the coin not to be succcessful you will not be too affected because your losses is not that huge amount.

There is no such perfect investing ,even experts in this market sometimes fell from wrong crypto but id doesn't necessarily mean they are losers.
at least after that we must learn something and will not letting it happen again in the same manner as how we lose.this will prove how good traders are we.
We can go big time if we did a deep and good research each time we invest,controlling the investments may save us but also will give us small chance of profiting.

It's normal to lose money in the process of trying to gain some knowledge back, this is different from getting greedy for example you invested in a coin and it did 2x and you keep waiting for 30x to happen, I think this is what OP is talking about, it makes lot of sense to be honest, while volatility is alive in crypto world there is high chances that a coin will never go back to it's all time high again

Yes, but this is not the rule for absolutely all people.

You can also say, who dreams of big income, he will strive to achieve this dream and, as a result, will come to big money.

And whoever will be satisfied with his small earnings will remain in the same place.

This is the danger of over dreaming to become whale or to become rich for a short period of time the result is opposite - huge losses. I think we need to think long term if we really believe on one project selling on losses is not the right action - we need to be patient. Bitcoin is the best example of why patience is important in investing.

A wise investor makes a profit, don't just look and make a wishful thinking you have to follow it up with sound judgement, what to invest and what coin worth to invest and this is a learning process, you just don't stop on one coin, you also have to know when to let it go and when is the right time to buy back.

Yes, and what you say is usually done by investors who are very experienced and they are also observant in understanding market conditions and in understanding the coins they will choose, and investors like this are usually not too rushed in making decisions to do so inves, because they prefer to spend their time thoroughly researching the coins and tokens that will be selected.

I had once been having the perspective of investing massively in crypto in a bid to making it big, fortunately I read stories of some investors whose porfolio were rekt  thus lost a lot of money in the process however I learnt some lessons from them,  I will invest or trade wisely  and try to earn some bucks consistently to support myself and my family rather than chasing shadows, its all about how well and not how far?

You have point on that is not necessarily you need to be rich because it's good if you have permanent income so you can provide all your needs in your life and your family too. But people or even me want to become rich someday and all of us once that some of the peolle only become rich because they doing unique ways to earn money and also sometimes luck. In investing in cryptocurrency is important is to earn money not to lose even you will not become a millionaire be contented of what you get.

When investing in crypto it is normal that sometimes we lost money because of the price volatility. What is not okay is being greedy but as we know we don’t know if the price your aiming will be achieved. Well those experiences of a trader serves as lesson.

That's why we need to be meticulous in every project that we were opt to join. Aside from checking its background and whitepaper we should also be wise enough to check if it was a legit project because sometimes a scam campaign were really good to camouflage. This is where you can test yourself of how you can critically decide on choosing a good investment. Be a wise investor despite of riskiest investment we have here in cryptocurrency.

I agree with what you said and maybe it could be the main problem of any investment in cryptocurrency is that no one can guarantee profit so that they will still have their own risk, but I am very sure that the more years the cryptocurrency will be known more and more. and widely used which ultimately makes the price go up.
Note: my statement is a conviction of myself and should not be used as a guarantee of any kind.

It is not easy to make a wise investment as it needs hardworking and self-confidence, self-control, a wise trader is someone who has a great personality in my view and can have discipline and motivation, sometimes it is very hard to control greed and fear, and that what make differences between a good and a bad trader.

I understand your point but taking profits and flipping onto other new projects is something that active investors can do but people who have full time jobs or businesses other than crypto they prefer to pick their coins and then hold for longterm till they see substantial profit.

I actually agree with you on this and i have also lost alot on investment in trying to be a future whale which is is actually affecting me now, i think everyone just needs to be patient and also always know when to back out .. so just like in trading forex nothing is better than knowing when to take profit and enjoy ur little profit

if possible, why not both of them take that choice.
most people are impatient and very greedy, that is what makes most people fail and suffer a lot of losses.
I started to think that no one gets rich instantly even though in crypto he can earn quickly.

Investing in cryptocurrencies is, in principle, a process that involves risks! And if you invest in new projects, then these risks increase even more. But if you invest in a new project that really has prospects and where there is staking, then the profit can be simply huge.

because basically everything requires a process. even if anyone can get instant and quick profits, it looks like good luck.

being an observant investor in analyzing a project's potential requires a process. it takes a strong mentality too because new projects tend to be more risky. the winner is who can determine the right timing to enter and exit the market, controlling emotions from greed.
If we understand the risks, we will definitely be more careful, wise investors will not put their funds carelessly, there must be research and preparation to face the worst risks they can handle.

So what you are trying to convey here. The process of being a whale was possible if you started mining bitcoin well back in 2010 or you do need to win a mega lottery, other than that how can you be a whale  :D. Either you need to have millions of dollars to invest in the top coins to make a profit. What are the projects you invested so that you lost your money.

Being investor i have a big dreams that i want to achieve i want to earn money and i would like to go travel. We all know that getting rich is not easy to do but once you pursue your dreams your gonna be successful some day. So be wise if gonna go to invest make a good choice where you gonna invest your money.

not everyone thinks the same, so it's only natural that some people who are trapped for a long time can't even get out of the abyss of defeat. actually to get profit consistently is not as easy as imagined, we need experience and a calm mind.

Exactly! You only invest to those projects that in your research and assessment, have high chance of pulling it off in the market. Don't follow the hype or any piece of advice of some self-proclaimed expert, better follow your instincts. As time goes by, you can easily spot good projects, or those that are just pump and dump coins. Being smart with crypto investments doesn't take overnight, it is like a life long journey.

Being a wise investor is not easy, because investors have capital. Moreover, investors who have large capital (whales), with large capital, surely the desire to get profit is also proportional. so the point is not to harm others if you become a big investor. Do not make a  dumping prices, manipulation and fake news just for the sake of making a profit. because basically humans will not be satisfied

It is difficult to make an insightful investment as it needs dedicated and self-assurance. You need to be somebody who has an extraordinary character in my view and can have order and inspiration, some of the time it is difficult to control insatiability and dread, and that what make contrasts between a good and an awful trader.
I love trading but it has its good and bad perks too
so learn the craft and you will make money

Indeed these are some wise words, but I believe positive thoughts can help one make the right choice/decisions , everyone wants to end up on the good side and that's to be rich, but getting there is never a short term goal, rather it is a longterm go which will take a few years to achieve, and also losing money in investments seems normal, remember you can't always win, life always try to slow us back a little, and that's normal also.
I don't see anything wrong in wanting to become a whale someday, haven't you seen or heard of people who go from "grass to grace",so many billionaire you see out there all had big dreams at first although they started small, but that didn't stop them from pursuing their dreams and becoming a whale today, its all about the hard work and determination.

I think one mentality that a lot of people needs to drop is the thought that Bitcoin or cryptocurrency is going to make them rich. Of course we all have plans to make money so that we can live a better life, but if you're investing in Bitcoin and other cryptocurrencies, do so because you like it, not because you're looking to get rich quick. And don't keep your hopes on it.

All these rich investors we see today that are billionaires didn't start with cryptocurrency and some of them are not investing in cryptocurrency even now, but they got rich by investing in other assets, and it's not one or two, but many assets. So if you find an asset and you believe it's a good asset, go ahead and invest in it, it can be gold, real estate or whatsoever, but Bitcoin shouldn't be the only thing.

Investing in new crypto and holding it for long term is always risky and wise investor won't do it for sure. But if you choose top coins of marketcap and invest in them for long term then you have low chance to loss your money.
I have heard and seen a lot of people who have invested in new project and holding them since so long, even though the price went down. Many of them still believe that the price will be up again on next crypto bull run. But I think it's better to take the advantages of new project as you said.

After all those years of trading, crypto included, I've realized - the safest way of trading is following your own knowledge. If you know that some company/project is good one and you can understand why so - thats a good opportunity to invest.

This is the reason why I only investing in Bitcoin and Ethereum right now because I know that it will give me huge profit after 3 years. Yes the chances are quite slim but who cares I trust them :P. I'm staring my wallet most of the time and thinking that "These 2 coins will give profit to me after 3 years".

On the other hand, whenever I'm investing and holding some coins especially in crypto I always set a target goal and a target time frame. If my target time frame is there already but my target goal isn't reached then by all means I will sell it and vice versa. That is my strategy. I'm not a wise investor though but setting targets and plan makes you a wise one :D.

Good advice but this is for altcoins investors, I believe top coins like bitcoin, ethereum and neo will give you or anyone confidence even if they hold them for more than 3years to come because these coins gives peace of mind due to their performance, they always recovers no matter what, in March Bitcoin dumps to 3k and many think it's over and now bitcoin is 13k plus, see that ROI?

I see that there are tons of people who think that losing money in the crypto world is something acceptable and understandable, I do not feel that way at all. I think if you are a "wise investor" you will not lose all your money, even if you got involved with bitcoin at 20k, you would be at 7k loss only and not even at 50% loss, which means you shouldn't be losing all your money in crypto world, of course you could lose money but not all of it.

If you got involved with scam projects, lose your money to shady people or got involved with a place that got hacked you could lose all your money but that is not a wise investor move to begin with. I would say best way to be a wise investor would be to weigh the risks for each move you make and try to be sensible about them.

Yes, investing in new projects is not a bad thing. But there are certain things people need to check before join any new project. You must need to check the project background, their team, whitepaper and their partners or roadmap. After seeing everything if  you find everything is legit you can invest on that but still it will have the risk.

Wait, Who's looking to be the next whales?do you really understand the meaning of Whales here?
this is not that simple as your think ..
It is not becoming whales but that is being greedy,not contented in small profit and in the end?losing everything.
Well this is not something you can decide,You are pointing about Holder in which we are here to put our spare money because we have life outside crypto.
Never going to happen?Who are you to say this?wait for future this cannot be happen easily but there is a chance.

To reach the root of our goal, we have to work consistently.  The attitude of becoming rich overnight should be removed from the mind as soon as possible.  Of course, using your intellect, you have to choose the direction of how to gradually climb the ladder of success.

I made a lot of mistakes during my way in cryptocurrency(about 2 years). I lost a lot of money and earned more, learned a lot and have much experience, so I don`t regret anything. There were some opportunities that I missed, but there were also those, which I caught and I`m happy just to be in this sphere. I reckon, we just do our best to promote and help this new technology grow, when it will grow, we could become rich. Today there is a bad time for some investors, but I think we need to go forward despite on all failures and learn on our mistakes. It sounds corny, but that`s  true

Me too, i also missed some of my "big" chance during the bull run 2 years ago, but what can i say. it's what it's, let's keep moving forward. don
t be greed just youre able to hold, just sell it when you already have enough profit

Ok mate, you should take profit now and i am sure you would be regretting this decision after a year when the market will boom and top coins will be making 10x to 1000x gains. Your post either indicate that you have already sold your holdings or you are not confident about bull run. Anyways it is your money and your choice i will hodl till moon.

You can make money in different ways but not everyone can make money in the same way that is the basics of being an investor.I wouldn't call someone a smart investor who is investing in a new project because the chances of getting returns from it is very less compared to the long-term investment coins.

Being a wise investor was not a reminder instead it was a requirement for us to be able to save ourselves from sudden failure ahead. Though we can't sure or even saw what were going on our way in investing, we can't predict it that's why we should be wise enough in our decisions. Failure were already part in investment and i was been a costumer of failure too. But instead of be defeated by my failures i did made it as a lesson learned, and a reminder to not repeat the same mistake as i have done already, moved on and be a wise investor as i can after my failure.

I believe every crypto investors must have a specific target, once that target comes to reality I expect the investors to take profit, not having a target is why many keep holding on to their tokens even when they are over 3x to 10x, they are never satisfied because they have no aim.

Feeling enough of what you have and how big you get when investing or trading is the key. There are so many projects and altcoins that you can invest in and trade every day. Take profit and sleep to do it again tomorrow  ;)

As good as being smart with opportunities are, the danger of it comes when the opportunity is a trap, any greedy investor has a lot to lose, every one aspire to get better but when you're don't look back once in a while to see the distance you have covered you will never know why you need to calm down. There are some coin that are at best value as soon as it is distributed, so, if you want to keep it, the longer you so the more disappointed you become.

That's right, be contented and do not be greed. Riches will not give you full happiness in life. So, enjoy your life and invest in a good project that brings you profit but always don't be greedy.

This will be the best investment strategy unless you're good at trading experiences. But having knowledge of risk management plan and not to trade at all until you understand it give you more success. Indeed in crypto there's nothing to get double rekt just overnight.

Are you sure that all 99 percent projects will die without only 1 percent? In the last bullrun all coins give us good profits, even some scam projects. The Bear market can't force funds to raise any hype project but the bull market can. I will follow your instructions after the next bullrun market.

Many has fail in the areas of investment why some have learned from other mistake that is making them look wise in their business.
Many investors are busy investing why lazy one are waiting for the market to reduce so that they can buy more and make a good income from the transaction. Wise investors don't depend on people income to start supply rather carry research by their self to know if the income will last or not. Wise investors don't give up anytime they lose in the process of trading rather keep moving with their business and see what the market have for them.

Investing is even riskier when you do it in new tokens, ICOs, and Defi Projects (which is trending right now and everyone is getting crazy about it) so if you want to avoid this risk then I would say stay away from such projects and shit tokens.

There are so many other ways to invest and earn profit with less risk (nothing 100% safe, so always invest at your own risk) like buying some well developed and major coins and staking it. (staking is very famous nowadays, you can earn coins by staking coins in your wallet or some web app and some exchanges also support staking) you can invest in mining equipment and start mining legitimate cryptocurrency. you can start mining with GPU/CPU also but for more profit you need to buy proper mining rigs. and so. there are many safe and less risky options if someone play smart he can be a good investor.

Not being greed play the big part, trade now and earn even in smallest form of earnings then quit and comeback tomorrow and try to rinse more, it's  a good strategy just needed a good management skills not burned your investment.
There people who deal with this kind of trading skills those who are more involved with day trade and continuously enjoy the outcome of their trades.

These days, there are so much investment alternatives we can avail that are unending. Be that as it may, it is hard to sort out which investment choice will give the most extreme compensations to us. Furthermore, the overabundance of data inside the investment market makes it considerably more hard for us to find what data can be trusted or depended upon. So to be an insightful investor we have to consider things understanding what was about it to guarantee that we have settled on the correct investment choice.

Thank you for advice. But how do we start if there are lots of bounties are just scamming us. In fact, even I combined my work hard to work smart, nothing happens. I am still poor today. I always look at my wallet and saying that this will have a few bitcoin soon. But whatever I did, there is always a fail. I don't know but I think crypto is not my industry because I have been there since 2017 and till now, I did not gain a lot.

You don't want to miss out on future gains, I know that since 2017 many altcoins have sink in the ground, they are never coming up again because they keep losing value but few ones are strong enough, you are indeed right that we should take Profits but let's try as much as possible to always hold few tokens, do not sell all your coins because you want to take profits, whales of today took profits too but they still have some percentages in holding

There are just people who are lucky and get rich in an instant also, but it's not only luck that makes them rich don't get me wrong
I'm pretty sure they are doing it every day it's just that on that day, is the day they are going to be rich,
they work hard every day, so its luck and never giving up , is the recipe to be rich or successful, that is for sure.
taking profit is alright don't wait keep pushing every day.

Bounties is another case entirely, I don't advice you to old your bounty tokens unless the project ends up on binance, for example I will gladly hold DIA tokens for years because of its use case, it's just like ChainLink and I'm sure it's future value will worth more than a dollar, I prefer dumping my bounty tokens for other coins because majority of bounties are worthless projects

Do you think it's still possible for crypto to erase off the face of this earth? Now that many top notch companies and organizations are pointing to blockchain technology and crypto as the future currency? I don't think that's ever going to happen, bitcoin survives till date on its own after the past hard fights, the time have pass for crypto to die.

If we take profit today it won't be our last, meaning there will be more chances in the future, this is why I think taking Profit can get you where you want to go, take profit and keep working hard, remember majority don't have savings problem but the income problem, if we keep taking profits and we keep working for more profits things will be possible

It's good to be a future crypto whale, that equals to money problem solved, you will have the power to even control the market, I wish I can be a whale too so I will keep trying to hold some coins, that's if they are good enough, all we need is the right team and use case, this dream isn't impossible to achieve honestly, taking profit can get you somewhere but been a whale is a big level of achievement

It everything depends on the person. What is a “good life” for you? Some guys think they live well if they do not feel hungry and get enough money to feed their children. Other guys suppose they are losers if they do not have another million to buy a luxurious yacht. Investments also differ (sums and subject of investments).

I somewhat agree with what you say. One should be careful for holding big amount of crypto if you want to be a whale. Be sure you are holding a crypto that has great long term potential or else you will end up having a bagful of worthless crypto. Happened to me and have been a great lesson.

In other words - concrete your profits whenever it hits a certain point. You have to decide beforehand whether its 100%, 50% or even 5%. Be strong with your decisions.

To be a wise investor, there's a lot of things to consider  because better investing doesn't happen accidentally. Good investors consistently work at it. We need to study and apply good learning techniques. Never get fooled by scammed projects be more wiser choosing a good fortune project like the yB token.

It's never going to be a smooth road, just because we lose lots of money doesn't mean holding is bad, maybe we are the ones choosing the wrong project? If you are a early adopter of BNB token how will you feel today? I guess holding is worth the risk, if you lost along the road learn and fight again until things turnout the way you want.

well maybe you still don't realize that cryptocurrency price movements cannot be easily predicted, so in my opinion this can be a lesson for you and don't let you experience losses again, you better do long-term trading and don't use money that may not be. too used so that when you lose it is not too depressed

Understanding the the project is the most wisest thing to do in an investment, it is better to put the investment on a long bases (but it will be easier to study its trend on a short term which will help to give better judgment on a long term bases.

At least on what I have observed around the forum and my own small research the biggest problem is the lack of a defined stop loss, as you say they are people that even if they have 50x on profits they refuse to sell, and while I can understand it as the coin could always keep growing at some point they need to sell and many refuse to do it even when it is obvious the price is now going down and the trend has reversed, and this is very dangerous attitude to have especially in a volatile market like this one.

As we are talking about Wise Investment. I would like to warn you guys about some scams going on in the market.

Please stay away from those telegram, linkedin and discord scammers who contact you via DM as some representative of trading companies and ask you to invest in their trading plans. I receive these type of messages a lot. specially when you join Cryptocurrency groups exchange groups and coinmarketcap telegram group. scammers contact you from their. 

It is not wise to target anything you want.  You have to be very selective in these things as it involves your money. So, you can't just put your hard earned money in risk.

In order to live a good life, we need to have some source of income every day and crypto is my one source. The dream of getting rich by investing in crypto is foolish but I can lead a normal life if I want to. There are many investors who have emptied their wallets by investing in crypto year after year.

Quick rich has lead so many investors into a wrong investment which caused them to start from square one. Many people don't take their time to do some research concerning the project about to invest if real or not. There are many fakes project in the market which unwise investors are busy with the project that will later cause the pain.
I have learnt from other investors mistake during the pandemic which many people where quitting from old project to new project because the price of the new project was really moving in the market that make other customers think it will not pump again till 2021.As a wise investors always carry out your research concerning the particular project on board, Andy their prices before supply to market not to lose profit. I

They have to analyze well in order to make a much better plan, there are traders who losses their money but also recovered it back after some time, it's

not something that you can relied your daily needs but once you have the right skills and proper knowledge you'll be able to compensate yourself with

really decent profits, it's about how hard you really wanted to learn be more successful from this venue of investment.

If you think that Crypto is a place for you to get rich overnight then that is wrong because not all crypto can be profitable for investing in the future. but believe me if you are confident in crypto then stick to it like BTC for future investment. and the most important thing is that you are not wrong in placing your money in crypto.

And that is by far one of the biggest mistakes people make all the time, it is true there have been stories like that on the past but that is very rare, most of those that have obtained positive outcomes out of their investments in cryptocurrencies have done so after years of hard work and holding their coins when everyone told them to sell them and yet newbies do not see this and take a bunch of bad decisions and then complain this market is a scam when they lose everything they have.

It's good to take profit but if that's all you do you will eventually regret later, I believe we are in bullrun season already so many coins and tokens that you dump for profit taking sake will surge in price, what will you say then? Regrets will follow

Money is not everything, but everything needs money.
Don't let money rule us, but we control money.

Intelligence in using money is of utmost importance, both in crypto investing and real-world investing. If we are greedy and expect too much, then failure will surely await us.

Your statement "the most important part of our lives is living a good life". That's the point and people should think about it. But if talk about money many people don't care about it, they will greedy and keep trying to become rich people, keep thinking like that will give toxic to their soul and mind, So they must learn how to clear it

The good life is not always about money

Too focused on being rich will only put pressure on us in living life, many people become stressed because of it. Happiness is the most
important thing in life, because happiness will give us a good life. And being rich will only make us look for instant ways to get profit,
and will make us take the wrong steps. For example we will force margin trading where the risk is very large, investing in hype projects
without doing analysis correctly and easily fooled by scammers by offering large profits. So to become a wise investor, avoid pursuing
getting rich, the most important thing is to do the process well, then just make rich a bonus.

In capitalism, everything works differently. Unfortunately, the top percent of riches can hold 90% capital of the economy in some countries. The top ladder dictates the rules and investors also prefer to invest in the developed economies. No one wanna be on the weak side, also investors go for the stronger teams from top countries. It is an unbreakable rule of capitalism and these rules are mandatory for consideration if the crypto investors wanna hope in the trend of strong altcoins. If the good life was not about the money, I doubt there will be so many user flows to the developing crypto industry.

For many, living a good life means having financial independence or, in another sense, having money. It is difficult in the world of consumption and private property to live a full life with meager means of subsistence. If you decide to become rich, write a plan of action and take one step every day. And then maybe in 3 years you will succeed.

yes you are right, because I also think if investing in cryptocurrency can give me a big profit very quickly, but as you said that investing in cryptocurrency we can also lose our money (big profit will definitely provide big risk too), so before investing in cryptocurrency we must be prepared for the risk and of course we also have to be very careful to choose the cryptocurrency we want to invest (analyzing and seeing the progress of the project is very important).

they do this because they thinking about their child or grandchild future. maybe for them  time will not be their friend but atleast they could provide the best thing to family. for some people they prefer sacrifice their happines rather than family happines. , dont care about their life.

My philosophy is to get acquainted with the current moment devoid of future unrealistic expectations, it saves lives, cures unhappiness, brushes off elements of less self importance. Trying by all means to get rich makes you poor forever. You can't deny the fact that we all are rich differently having money enough is just an added value. Being a whale isn't a simple task to accomplish, those who are the current whales could smash you from your profane reality when they smell your existence in their Kingdom by dumping your holdings on you in a fraction of minutes. Those who have money will continue to get rich forever. accept this philosophy and know peace. ::)

It's better to be contented and know happiness than try to chase something that might never become a reality, it's not wrong to try but some things will never work out no matter how hard we try, always take profit and be satisfied, hold some portion of your max tokens but don't ever get too attached with HODL.

A wise investor have a good educational background, what do I mean by that? It is not about having degree about investment but having a lot of experiences and a lot of information about a lot of investment. Most of investors are entering the market without prior background or education on what they currently investing. Actually what they are doing is more likely a gambling than investing because they are putting their money on specific investment that they do not fully understand. A good and profitable investor have a good mindset when it comes to making investment, it is not just about high rewards; it is about the risks that they are taking. They will not go or enter in specific investment if they know that their knowledge is not enough. They are also not deceived by those scammers in the market, a wise investor can easily identify if a certain investment is scam or not. If you want to become part of those investors who are continuing to make money in the market, then it is better if you should first invest in your knowledge because it is the first step to achieve and acquire financial freedom.

They say "The more money you have, the easier it is for you to make money later."

It turns out that on namal you will not earn much, but then your earnings will increase each time, of course, there will be bad days when you will even lose your money.

For every investment want to be rich ans get much profit, almost investor mind when trying for investing looking for much profit and many of them keep holding some coin after reach profit because they wanna get more, but this attitude could make many investor loss their control and keep holding for their coin asset although have raise much profit, they wanna get more and hokding again all their coin assets. This mind have to change if wanna be success as investor because when get the profit better to sell firstly and hold half if wanna get much profit again and less risk if later price is drop and going down.

I also used to hope for a great deal of money or wealth overnight, and ignore small profits. And after losing a lot of small profits did I realize I had lost a lot of money.

Yes I think it's true, some of the scams waiting for money on marketing, and they get some newbies as they think mooning is more important than the idea of the project, I think the fundamental of the project is more important than marketing.

Wise investors do not live in a "world of fantasy", hoping that their coins will make them very rich in future. Always know when to take profit, not holding an altcoin for years hoping it moons over time and make you very rich. I'm not saying holding long term is wrong but from past experience, majority of coins I held long term, aside BTC and ETH didn't give me profit. Hence I sell when ever I think it's appropriate. Applying wisdom while investing is a must at this point.

the most important thing is how you manage finances in this industry. It is risky for anyone and does not consider new investors or old investors. all of this begins with experience. on the one hand, one is never satisfied after benefiting from one project or another. this trait is common in human personality. investors will always look for ways to get high returns even if it does not come true or vice versa.

When your a investor then you must known to be a smart person in which you know what and when you will invest your money into. Being a investor is hard because it is like you are investing on a project that is a 50/50 in which there is a chance that you may lose the money you put on the project or you will gain a profit or maybe a huge profit after investing on that project.
I have a doubt on the said that been rich isn't the most important thing in our lives, because you can just say that it is not the most important thing is when you already become so much rich in which your money can't be count by anyone, at the same time you can be a good person even though your a rich already. Am I right? aside from this, take all of the necessary project that you look to become a profitable after some years so that you will take profit after then.

You are absolutely right, if you chase wealth and do not know how to make real profit in the process, you may not reach your goal. I have an acquaintance who dreamed of becoming a millionaire and saved up a lot of cryptocurrency for this, while he did not make a profit, but saved and saved everything until after 2017 the crypto market went down. As a result, instead of the profit received, it was left with a large amount of unclaimed cryptocurrency. This is a lesson that you don't need to chase after wealth, but you need to be able to take profit now. I, in turn, knowing this rule, tried to take profit immediately and could improve my life by buying myself the necessary things. Live now, profit now.

Quite right, you always need to invest wisely or you can lose all your investments, so I rarely invest in new cryptocurrencies, because most of them are just scams and therefore I prefer to invest in proven top cryptocurrencies and therefore I always get a profit from investment, you shouldn't also think that it is easy to make money in the cryptocurrency sphere, here you should always do everything wisely.

Don't be a dumper just because you don't want to see yourself losing out, you can end up regretting your decision someday, do you remember that guy that sold 1300 btc for a cup of coffee? Lol it's always not a bad idea to hold, anything is possible in this world, some times all you need is believe

trust will make you disappoint, especially in the world of crypto currency is very cruel,
even if you believe in the project, we can also be exposed to scammers,
being a wise investor is the way to avoid it all

Cryptocurrency is not like financial investment in a general. The risk of failure is very high because the price is unpredictable, that's why when we want to invest we have to really be prepared with all the possibilities that will happen later, besides that, proper analysis is needed before we invest in a cryptocurrency so that if we only rely on filling only of course our risk of experiencing a loss will be very large, The price of cryptocurrency is fluctuating, and it is difficult to analyze its movements, of course it doesn't make sense if someone determines the returns on that cryptocurrency investment. If there is, then it is vulnerable to fraud.

yes, I agree with your point. be a wise investor and always consider hundreds of times before investing in crypto. It is true that investing is one of the best options to earn but as you can see a lot of scam and annoying projects are around right now that you will actually be doing a good search.

Bitcoin trading is not as simple as expecting big profits. We must be smart in finding as much information as possible. Management learning indicators and reading indicators are very important. So, not just buying and selling without being careful in seeing opportunities, but of all that, controlling emotions is the most important thing to be able to control greed, Because, in my opinion investing / trading without accurate data is suicide, therefore we must be able to master the analysis technical before trading or investing.

I agree that you need to control your emotions when dealing with trading on the stock exchange or investments, in my opinion, it is also very important to understand the market and properly manage your funds. It is better to invest in several projects, never risk all the capital. before investing, you need to study the information about the project and correctly calculate the risks.

There are two types of investors, first is the investor that are wise who continuing to make gain in the market and the other type of investor who are not good because he keep being deceiving by a lot of scammers. Most of the profitable investors have good background wherein they able to feel the learning process and they have enough skill to know if a certain investment can give him/her huge return or not. If you want to become a the first type of investor then it is really good to study first before putting real money in investments.

be a wise investor only happen with so many tries and failures, even big investors do mistakes but they know they can make it up and know how to move on, there are so many books about trading and investing but still, nothing would replace experience , and an experienced investor has lost so much money to be expert, everything has a price and nature doesn't give it to you until you pay the price for it, so if you think you can tolerate losses and heavy losses then you should be good, profit comes with risk and you can only expect big profit where there is a big risk...

True though sometimes people chasing after wealth so hard they forgot the purpose of their life. It usually happened to the people who lives in a big city and people who are really consumtive. As I've seen out there some people really eager to invest for the sole purpose of making quick money while that's not the point of investing.

Yes, and all investors who are experienced in crypto, of course, always carry out several analyzes and searches for several projects in order to find a good project, because those who already have a lot of experience will obviously not be in a rush to make decisions to invest.

investing in crypto currencies can indeed provide quick profits, but the risks that must be faced are also greater,
considering that cryptocurrencies are very vulnerable to pump and dump, old investors will be very familiar with crypto currencies,
but for new investors you have to be aware of the market.

Rushing is not a good thing in investing. the key is momentum, how we can control ourselves and refrain from waiting for the right time where we can get the profit we want. Doesn't have to be too fast or too long, the important thing is to be on time

Absolutely, in life, you are not always winning sometimes you fail but that doesn't you are a failure because more failure you've experienced the more knowledge that you can gain. But it is better for you to be intelligent of what you are doing especially when you are invwsting because your money is involved, so to avoid failure you need to study and understand what you need to understand.

Investment must be made very carefully and with full consideration. It is not advisable to rush investing without the slightest consideration. This can be self-defeating because we may not be able to achieve the expected target of what was invested.

This is one reason why we don't need to rush to determine the asset we want to invest in, especially in altcoin. Buying at the right time is an attempt to maximize your return for investment.

And it is not advisable to invest without researching the whole thing, it will only result to losses. We need proper knowledge in order for us to trade without losses our to trade without bigger losses, we need to take a risk. In order for us not  to lose more money we should know and learn how to invest money, how to make it grow, how to read charts and signals. This is the biggest failure of an investor, they are rushing to many things they want to earn instantly without prior experience and research.

I agree, being an investor is not only at one point, I always follow the current crypto trend, for example the one currently having a fever is defi, I always take the opportunity, even though bad things can happen, but if it doesn't follow the crypto trend and taking advantage of it, I feel like I'm not an investor

I totally agree because in order to succeed in crypto as an investor you must be more eager to learn before you earn. And basically before investing huge in trading be a wise investor that needs to properly learn technically analyzing how to understand its whitepaper. So before you decide to invest in any projects it's best to study it more.

Your feelings are extraordinary, and what you have been doing at this point is the best because there are still many people who don't take advantage of DeFi at this time because they also consider a big risk when bad things happen suddenly to DeFi.

The crypto market is unpredictable. You never can tell what the future holds for altcoin you have in your portfolio.
Trade some part of the altcoins and hodl some. You never can tell what that altcoin you hodl will yield tomorrow.
Patience is the key to crypto. Financial freedom can come from the less expected coin

greed and tempted by high investment returns. This is one of the reasons why it is easy for people to get scamed or lose money quickly. especially for new investors who just think that crypto is one way to get rich overnight. but in fact it is not as easy or as they think. investing is taking risks, so always consider all the decisions you want to make in this industry.

Actually the main problem here is that we are lack of spreading news and advises for people who might enter this and also those people that we encouraged or teach about what bitcoin and what cryptocurrency is all about,.
they mostly misinterpret the situation and the momentum they see whenever there isa  big profit offered to them.
and in the end is what they earn is Hate and blaming for cryptocurrency market.

That's right, many people are trapped by fake new project tactics so they get caught in it, because fake projects often throw away tokens when everything is over and things like this are often not realized by some people including investors too.

Being an investor must be wise, wise to maintain emotions, wise to maintain capital, and wise to analyze,
if you are not a wise investor then you will fail in the world of cryptocurrencies.

Yes of course, if now bitcoin will going to have a  bullrun this year then I can say that by the time that bitcoin market falls that would be the best time to invest in bitcoin. For now, it would be alright to invest considering that bitcoin market always goes up because more and more people will going to make use of bitcoin and that will determine the bitcoin market price in the future. Bitcoin can reach probably up to 50k$ in the future. Bitcoin is unpredictable so who knows it can really achieve that great.

The point is, stop thinking the crypto world is an instant solution to get rich quick, because if our thinking is to get wealth instantly, then our common sense will be covered by our passions.
Learn first the whole project that we will invest, patience in determining the right time to invest is often the key to our success or failure in investing.

This happens a lot, as we know it is important to know when to get in this market but just as important it is to know when it is time to get out, and the end of 2017 was a clear time to get out of the market and many did not and kept holding their coins while smart money got out, the result? Those people lost a fortune in the process and even if they held to this day they will still be far away from recovering their money, this is why it is important to have a full strategy that tells you not only when to get in but also when to get out of markets.

you must understand about trading and hodl in long term mate
because we need both, but for long term hodl i suggest you to hold only a good and solid cryptocurrency for example bitcoin, ethereum or others
about trading you must know how to choose the right coin to trade in daily too, sometimes its easy to said but hard to do
regards

There are thousands of ways to get quick rich if your lucky enough, no need to waste time with low marketcap altcoins. Gambling is the way to go for lucky people but common sense prevents us to do such activities. Crypto is not get a quick rich scheme and new investors fool themselves with believing the influencer who paid by sponsorships for promotional videos on social media.

Unless you are thinking of buy top coin, most new projects hardly recover back to the public sales price not to talk of gaining above the sales price. This is because of low user cases except coin such as Uniswap token, I hardly find new project that you can count on. Sometime it is better to even buy from the exchange in which a new token is listed before organic growth starts. Also, most new projects become dead few months after the public token sales contributing nothing but junks to the wallet.

You need to really look for the actual usages and not just for the promise profits, most of those old projects that still exist right now are continuously trying to update and provide development from their works, with new coins there are lots of competitions so it's really hard to pick which coin will be able to deliver and which will be died after some time of existence.

Thank you for this incredible piece. I have deeply been hurt through trading and best is for one to be wise and calculative. Newbies at same point should trade more of old coins than jumping into new ones. I just hope we trade without emotions as it's the leader of failure and also know when to cut off losses.

old coins give us certainity ,its already developted and community formed for several times ago so we no need to worry if price crash , traders will buy when old coins hit low .most of old coins could survive rather than new coin from FUD. our emotion and psychology will take control ,how would our trading result in future

true, everything takes effort and patience to get profit, if people think investing in cryto will make rich, that's wrong, such people will only get failure, because investing in cryto is not easy, there must be more research to get profit

I do not understand the problem you tried to share here about what made you lost money. Was it that you lost your investment to scammers or that your wallet was hacked or that you bought tokens at ICO that did not list? Generally what I have realised is that crypto business is not a 100% guarantee to become rich. It is a luck and coincident thing to get a token which can make you money. It takes time ti become rich.

I see both of you are not understanding the right investment here, investing in this market or anywhere, have you ever set yourself your investment criteria and methods. I see you say that lucky teeth in the market, in fact luck does not come naturally to you if you do not go looking for it. I am also a person in this space for a long time and also go through many times involved in crypto hoarding and i see most people until they lose all of their money to realize they are losing control of themselves and them. do not understand this market. Lessons have been learned, but it still takes money and time to realize it.

Sure that he tried to gain higher than what expected in each investment or trading that he does so the outcome is losing instead of gaining.
This is the problem if you are not contented in what you are gaining each trade and instead of selling what you are doing is keeping the currencies thinking that this will go up more and more.
Until ending that it will fell against your will,Just please be aware that 20-30 % is too much income each time so try to take out and re invest again .

Yes, we should not focus on getting too rich. I have seen people lost most of their earnings because they made wrong decisions and wrong investments and lost so much in the process. Many also thought that their coins were the good coins and waited years until the coins simply fail and stop working. I admit that our journey into crypto is hard and it will be. We just need to be very careful in everything we do.

Agreed with this, be a wise but not greedy investor. Let's all be careful in investing in a project, we must carefully study the project before jump into it. And when you see you're already gaining the take profit and by back again on its dip price. Otherwise, you will lose everything. So let's all be careful.

2021 will be the year of tremendous growth in cryptocurrency.
And there are two main reasons:
1.Big business has recognized Bitcoin and, in part, other cryptocurrencies.
2 Joe Biden will legitimize the crypto sector

None should do this thing that he/she get a project and  investing there to become rich without proper information about the project. Everyone choose projects analyse those and then think about to invest.Overall Experience and observation sharpness is must here to improve.A bit of risk is always here with the word invest so this is usual and we have to deal with it.

Likewise, the overabundance of data inside the speculation market makes it much more hard for us to find what data can be trusted or depended upon. Numerous individuals or even me need to become rich some time or another and we all once that a portion of individuals just become rich since they doing exceptional approaches to bring in cash and furthermore now and again karma.

I think that being an investor requires a strong mentality as well because new projects tend to be more risky. the winner is who can determine the right time to enter and exit the market, controlling the emotions of greed. If we understand the risks we will definitely be more careful, wise investors will not put their funds carelessly.

A nice suggestion by i came from a place where most young people believed that everything is gamble. even life,we should gamble about it. personally, i think it is a matter of steady learning and following up with wise investors that understands this market better than you. learn from the mentors that you trust and not every tom and dick found on the internet. even some that does not research on anything but steal from other peoples work.

After investing becoming rich is not easy and its not working for all because mostly its depend on luck as well we have many examples peoples have big amount without any serious effort and on other hand many big whales washed out in very quick time as they have not wise decsion so if you want to invest then surely you have to do some good effort for this also because its much needed like search and check all updates about project where you are investing and never been greedy keep calm and do your efforts on right time.

Everything is relative in our world.
For some, 100 euros is wealth, while someone with 1 million feels like a beggar.  ;D

In my opinion and in relation to the topic, we can say that it's very relative and depends on the interest of the investor. So, no matter how much we disclose and show a specific investment method, it don't mean that it's excellent for everyone. There is a more aggressive line in the sense of seeking daily profit and another more peaceful line that seeks the long term, but it's an interesting topic to discuss.

Before we spend funds on a project, of course the very important thing is to know and fully understand the information, objectives and plans of the project developer in the future because the then we can think well whether to invest in a project or not, if we only rely on instinct and greed, of course, this is very dangerous and can trap us is in big losses later. Becoming an investor is not necessarily going to make us rich, but there are many big risks awaiting us if we don't have sufficient knowledge in investing because investing is not like a gamble that only relies on luck.

The meaning of his message is both simple and multifaceted at the same time))
He calls not to live in anticipation of untold riches in the near future, but to benefit from cryptocurrencies here and now and enjoy real life by spending what you earn

In the current situation it is very suitable to hold, I'm sure investors are also thinking about this,
especially investors from altcoin will also keep their emotions, because if you can't stand the current situation then what happens is panic selling,
yes investors must be wise,

oh yes, if you want getting a small profit is not the goal of an investor but a trader

How to find a worthy projects among thousands of shitcoins? Sometimes being an intelligent risk-taker isn't enough to find a pearl in the mud.

You will get many options to invest but you have to pick the right one by which you will get some return as profit. Otherwise, you will lose your base money which you invested. An investor must be an wise person, visionary and intelligent so that he or she can choose the right place for investing money.

Unfortunately most of the people that really need to hear this advice are never going to hear it because in order to do that they will need to be looking for ways to take care of their money and they do not care about that, they care about only one thing and that is to make money as fast as possible and that kind of approach can be very rewarding as we see a few people getting huge profits in a few months, but for the most part those that follow this kind of strategy lose everything they have and then complain about the markets when it was their strategy what destroyed their account.

Cryptocurrency require most of the discipline engaged in every other investment; patience and making the right choice in investment. We cant treat cryptocurrency differently, I consider the 4-5 year cycle an advantage. Knowing that the parabolic will come in at a time in 4 year gives opportunity to prepare, buy reliable coin in the bear market and every other attractive coins and sell when the price looks huge.

Just maintain a sell high buy low strategy if there are coin you really value and see a future for if not then use the pump and dump policy Is easier to just get in and get out high if you dont trust the project or you feel is not working towards its main goal

Wise investors are investors who really understand a coin before investing he is always watching, reading, monitoring the progress of the coint it
when all is seen for sure the investor will invest in coin it and when the price starts to pump a little, it will continue to sell and can a little profit then invest in other coin

Your successful advice will work at every stock market. Cryptocurrency is always predictable if you know the history and upcoming announcement. So many people are giving this advice. Actually, most of the investors are invested in cryptocurrency only for profit. I know some bounty hunters don't want to sell altcoins even though they pass into the cryptocurrency golden time.

this is simplest strategty and in my opinion its not strategy but rule how we get profit in trading. ,even for beginer investors it the difficulty was on how we identify this sell and buy level meanwhile we were not expert in technical analisys. in fact this is not easy as our said before, we make many mistake when trading.

As long as their is profit then nothing to worry about hoe much it will be. However, a wise investors know when to stop holding coins. For now, market is already good and if it happens that you are buying bitcoin at cheap.price then selling it now would be good. However, still waiting for more market price increase is the  best thing to do. We do not know how much market could make this time when bitcoin now is heading towards record breaking for ATH in the year of 2017.

Yes, greed takes us through many levels of emotions, but the results are often very bad. I've seen people go from $ 1k to millions in 2017, but after 1 year he is owed about $ 500k and has no home. :)
So please know happily and accept your small profits, as long as we maintain it for a long time, the result will definitely be better than traders using large capital or big leverage. This is also one of the best ideas applied by Warren Buffett, he is a very qualified investor and has never been psychologically manipulated by the market.

Indeed, we should be wise investors, because the most important thing in life is not money or wealth. So being rich is not necessarily
happy for everyone, with a good life is more than enough. Sometimes the pursuit of wealth will only tire us out and make us obsessed
with money. By being a wise investor, we will avoid greed. Because a wise investor always uses reason, and can control his emotions.

be a wise and smart investor, monitoring the progress of the project is important so that you don't choose the wrong coins to invest. If you are just starting out as an investor, I suggest buying coins 10 and above, it is indeed a large capital, but the possibility of loss is very small.

One of the things that makes you wise when you become an investor, is to often do in-depth research about what you are going to invest in, and also consider and speculate about its future developments. many people just choose a place to invest without doing research, and that is a mistake, and it is a decision that is not wise.
Currently, the condition of cryptocurrencies has improved considerably. take advantage of this opportunity by choosing your investment wisely. do some research.

As you say the problem is that many people not only want to make some money in the markets what they want is to become rich in the markets with a capital that is too low and this has the consequence that they have to take huge risks in order for them to be able to achieve their dreams, but the problem with that kind of strategy is that sooner or later you're going to make a mistake and that mistake is going to be so big that it is going to be impossible for you to recover, as such people need to be very smart when it comes to investing and to not take risks that are too high just to multiply their money.

I agree. At first I was too focused on holding even though the price of tokens / coins at that time was able to give me profit. In the end the coin / token price fell again and had to hold for longer.
However, people who get a lot of profit, of course, take a higher risk.

Lately I lost and I knew why I lost such huge. Best advise I will give every investors is to always do your research and do not be greedy. Know when to sell and when to hold. Always know the trendings in Crypto and follow it up. Understand trading and it's negative and positive to avoid loosing all your profits and capital. Learn to be careful and watchful!

Getting rich is not easy and it is not as easy as we imagine, everyone wants to get rich instantly.
 Rich needs extra struggle, as well as being in crypto, which requires patience and choosing a project that is really real, not a scam crypto project.

You really needed to be wise of what investment you will do because it will dictate the future that you have. Most of the people who become rich is those who are investing to the project at beginning and if the project grow they get a lot of profit from their investment.

Most of the people right now are investing to the project who is already successful it is not bad but don't expect that he result is big just like the others who invested first so they gonna earn more compared to the lately investors.

What is wrong with aiming higher?

Don't take it as a mistake, greediness, and having a high goal is different. Also, usually, these investors are not really pushing themselves to earn a lot of money, some of them are just taking and maximizing the profit they can get and forcing them to earn more. They are careful, wary, and at the same time wanting to earn more, but for me not to become rich but to become successful.

The chance of getting rich in this world is always slime that's why most people are pure, don't expect this journey to be that easy, if it is everyone in the world will be rich, I'm guessing all you lack is patience, you've run out of patience and you have no clue when another altcoin season will come, look at the market today, still think altcoin season is impossible?

When you're successful automatically it gets reflected on your wealth. These day success is defined based on the wealth and not based on one's achievement out of his passion. When it comes to cryptocurrency market just because you're wise you can't make money out of it.

You need to be lucky enough to invest on the right asset that has got the highest growth in short. It isn't possible to find the right one with ease. If you're wise and you've got large capital then you doesn't want to depend upon luck.

I'm wondering what will happen if altcoin season begins later and every shitcoins in the market still throws profits to holder's face, OP you will end up regretting your decision because HODL have been a part of crypto space since the beginning, holders knows that there is always a perfect time for them. I'm thinking you are too weak to be a holder

I guess the idea of being rich should not be the first priority here. Once joining to crypto world and/or working yourself so hard on office works, being rich shouldn't be your goal. Successful is the main goal in working non-stop. Once, you are successful money will not be a problem and I mean by that is you have all your resources, contacts, friends, skills, mindset, etc.

office works ? you mean you join crypto bounties and other free lancing jobs ? because crypto investing/trading is not an office work although some can track everything profesionaly and they make a chart , creat sheets , etc that is simillar to some office work .

working for money means your goal is to get rich but if your goal is to not get rich you shouldnt have work on here or invest and trade but you only use your crypto for shopping and paying .

Thank you for this advice, personally I've made alot of mistakes in investing recently, I lost over 2 eth just Last month being October, and till now, I still find it difficult to get over the shock, most especially when I check the market and see the price of eth going up, I begin to calculate how much my lost eth would have been worth by now and this makes me sick.
Crypto is not easy and no matter how long you've been in it, it's hard not to make this kind of mistakes.

Every investor has a different strategy, especially about their beliefs. but I believe that every crypto investor should have a certain target in his investment, I mean once that target becomes a reality then I hope that investors will take profits soon. and other important things are not greedy. people often lose money because of greed and dissatisfaction after gaining sufficient profits.

You are right, most of us probably made same mistakes. The important thing is we should learn from our past mistakes and never do it again. Investing in crypto is not a quick rich scheme but its more complicated than we might think, its not just about buying it because of hype but the quality always comes first.

But in terms of cryptocurrencies, how can we know?

There are a lot of people holding thousand and thousands of cryptocurrencies and we never know who they are. How can we tell that they are successful if we never know who these people are? They are the only ones that can tell they are successful, other people can't tell how successful a man was if they will just be basing it on their wealth.

In fact most trading books that I have read stipulate that you should not risk more than 1% of your portfolio in any single trade and that risking 2% or more is simply unacceptable and yet we see people all the time investing all of their capital in a single coin and even using leverage in the process thinking this is the fastest way to obtain the profits that they want not realizing that most likely what it's going to happen is that they're going to lose their capital even faster.

every whale would want abundant profits, it is natural because they have spent a lot of capital. What is very unfortunate is that a whale cooperates with other whales to play a price which is very detrimental for small investors / traders. be a good whale in a good way (not cheating). if the project you are holding is destroyed, it will cost you too

Always focus on you goals, and also think twice when it comes on making decisions. "Fear is an opportunity"
you also need to know what are things you truly understand, and then you invest. Concentrate on long-term results and always remember that you have the full responsibility for your investment decisions. keep hustling and be wise at all times!

Those who are chasing untold riches as a rule are always left with nothing

You say everything right! I understood just like you when I lost my money. Now I have changed my approach and lowered my desires, taking on the responsibility of not losing my money.
Since my desire to be rich hasn't gone anywhere I realized that this desire only hurts me. Now I have limited myself in the number of trade deals and it gives me the opportunity to analyze and think more before making deals.

Nothing is easy in life, not even in business. It is not that I talked like it is easy to do. We can do great things whenever we set our minds to it. I do not know why people think it is a terrible thing to lose in business. Losing should be a normal thing in business.

This is why a lot of them fall victims to fraudsters and scammers. Their impatience to wait and nurse their investments to profit gradually often lead them to sorrow.

Not because of loss, not because of wealth, all can be lost because of passions that you cannot control.  Everyone cannot get rich if they rely on lust when making decisions.  There is always a moment for every trader to make a profit, but because of the desire to get bigger, someone can lose the opportunity to get a profit.  If you trade on Binance futures you can either become rich overnight or fall into poverty overnight.  Being wise is very important in making decision.

Only some people will getting satisfy from little profit when they already spent their money because usually we want to fold our money multiple times from our investment. Better to take little profit than hoping for uncertain big profit.
When we take little profit from it, we can reinvest it to other potential coins as well.

In the case of an intelligent investor everything will depend on yourself the crypto market is not stable it is not possible to be successful without controlling one's emotions the foolishness of gaining more in the beginning after greed will have more effect in losing. Need to start with a little capital this will allow you to gradually learn a lot about the market and increase the amount of investment by making good checks for less currency investments the wise investor must proceed according to plan.

And with this attitude that is why Newbie investors fail and cry when their money totally loss from mis judgement and wrong decisions.

Why need to Look for Folds when we can be safety in little income at least sure?a good trader will be happy earning at least 5% total from his capital than seeking for too much but ended nothing .

So Atleast you have contradict your own statement lol,make 5% profit in 3-5x a week,meaning that is 25% weekly right?if you have capital of 1000$ then that must be 250$ a week?not bad right?

When people enter crypto investment or other investments the first thing that comes in their mind is they are already expecting a considerable amount of profit because they see in other people that they are making good money from it, that is why they are not contented or satisfied having a little amount of profit in their investment. I think people should learn first to be contented in earning a small profit before they enter into an investment for them not to experience any failure and depression when they lose their money.

To invest in crypto, I think you need a clear strategy. Bitcoin has risen in price by 1300%, many investors fear such volatility.

if the investor has the right investment strategy, I believe success will come. Some investors say that when Bitcoin falls in price, they can still create wealth if they catch each moment and trading.

I'd rather stay right in between, greed isn't the devil here as it can be a perfect tool if you know how to use it right but been too much greedy is where things can go horribly wrong, there is sentence that goes like this 'half bread is better than none' right? Sometimes it's just better to be contented with what you have, money won't make anyone feel contented, you can be happy for a short period of time when you buy fancy things but that's it.

Being a wise investor means you always take on every good opportunity that is happening especially dealing with the crypto-world. If you can see that the market is so unpredictable and so volatile, take every profit that you possibly earn and gain because always remember at the end of the day a profit is always a profit.

Yes always be a wise investor. I am planning to invest very soon and I don’t know how can I monitor the market. I am seeking for a great opportunity in investing, maybe today my luck is in alts and I am looking forward to it. Wish me all the luck.

let's not just pursue wealth because the elements of the world are only temporary,
and if we want to get wealth very quickly, yes, in the crypto space, it's the fastest,
but on the other hand, the shadow of losses if we misinterpret will definitely come,
always wise in making decisions in the crypto space

Well i certainly agree with OP's point
Being rich is not important but living good is important

I mean there's never enough money to earn in this world
Earning slow and steady is far better than earning on PnD project where it fly today and drop tmr

A wise investor in this space should know the dividing line between greed and loss. A wise investor knows that profitability is in little changes in prices and not in huge changes.

I don't believe in the long run, because what will happen in the long run we don't know...

live in the short-run. profit in the short run . break down your long run into short runs periods...

You should just invest I those projects that according to your research and analysis, have high possibility of being successful in the market. Try not to follow the hype or any recommendation of some gurus, better follow your senses. As time passes by, you can without much of a stretch spot good projects, or those that are simply pump and dump coins. Being smart with crypto investments doesn't happen in a day. It is a marathon and not a sprint.

I do try to take profit but it is not easy either because you never know how long a new project will take to break even and then grow higher for some decent profit also there is no scale or percentage increase one can expect as some coins will simply moon with multifold gains while some will only be able to post a 10% gain and then back down.

They do not care, and as long as this market keeps behaving that way then you need to adjust your strategy and be always ready to sell your coins if you see the whales manipulating the price, you may think it is unfair, and it it is, but this is not going to change soon and if you keep trading without considering that option then you will lose all your money, so it is our responsibility to always be alert whenever a whale moves his coins and think what they may try to achieve with their manoeuvres.

If you feel that Crypto is a spot for you to get rich short-term then that isn't right in light of the fact that not all crypto can be beneficial for investing later on. but trust me if you are sure about crypto then stick to it like BTC for future investment. what's more, interestingly, you are not off-base in putting your money in crypto

We must understand which coins are good to hold or which to sell at the right time. I believe not every project is good whether its coin value rising because it can be a pump and dump coin too. I am saying this because I saw many coins that I hold in my wallet are worth just pennies earlier the value of those coins in thousands of dollars. So one must be smart enough to know when to sell or when to buy. I agree we should not daydreaming we must be more practical in plannings to achieve the goal.

it is not wrong to think that crypto investing can make you money quickly. it's just that, there are many risks in the crypto world. I'm pretty sure that quite a number of people have lost their money in this regard underestimating crypto. however, currently there are quite a lot of trusted investment places, it's just that we need knowledge and insight to choose them. other than that, we cannot rush into this.

This kind of motivation is fine, so you can more passionate about your goals in the future. Without this, maybe you lose your motivation pretty much. But still, without any "real" work, your motivation is pretty much not going anywhere so we have to balance these things between motivation and work.

Yes, who knows what could be happen in the future.

These things usually happens when are new to this kind of venture and eager gain for a quick profits or like what you said, the one that never contended with what you get as your profits. At least you've learned you lesson but the hard way, Everyone learns from their mistakes and make them as an inspirations to thrive hard to achieve success.

I do not think it is hard to invest in cryto currency; infact crypto currency trading and investment is the easiest and most simple means of trading or investing on the blockchain. The hard thing meanwhile is that it is hard to learn; most people just want profits, sooner, quicker by any means instead of learning. IF YOU learn your ways into crypto currency trading and investment, believe me; you will enjoy trading.

Investing in active and dominant tokens is also a good move, but you must learn when to take profits.

That's right! Be contented as long as you can earn which you think is enough. Being greedy is not good and mostly it turned to a huge loses. Be a wise investor is the best thing we can do and not aiming so high. Just find a good project to invest which you think you can make profit that satisfy you.

I remember a friend of mine once said that a smart investor needs to learn from his predecessors, observe the market, and make hypothetical cases, stay true to his chosen purpose. prepared with risk planning, patience, emotional restraint,
There is a saying, "The wisest investment in the world is an investment in your head"

Yes, greed is not good for anyone to use and in any case because greed will not bring success to anyone in any work, so I strongly agree that everyone should always be wise in carrying out their work.

I totally believe in this one. Being rich must not be your goal but rather having a good life. Actually, it is a matter of choice, I mean you gotta take the opportunity even if it is vague and risky because if you don't there's a chance you could miss it or regret it later thereby work on it. The thing here as well is, don't be greedy, you should always set your exit point or target price and this could perfectly fit for holders. You don't hold for too long, if you think the profit is enough then liquidate and then set another goal.

Everyone have diverse dreams and numerous individuals need to gotten to be wealthy and to gain enormous benefit so that's why until they holding their coins. It is appreciated that since possibly they have purposes why they hold it and indeed me I’m holding my coin right presently since I accept to my possess inquire about each individuals have distinctive considering but you have got to a point on your explanation but for beyond any doubt others will moreover clarification why they HODL.

Currently, there are many investment alternatives that we can take advantage of. However, it is difficult to sort out which investment option will best compensate us. but for me personally don't like high risk appetite so prefer safe investment with BTC and altcoin ETH.

investors do have to act wisely, that is an action that must be in an investor,
indeed at this time the condition of the Bitcoin price is experiencing high volatility,
it can even make investors feel hopeless, if someone is not wise in managing capital, then he may regret it.

You said absolutely nothing but the truth, before investing, know much about the project is needed so as not to invest in a scam project which can later lead to lost of fund, all full time investors should please learn from this thread to avoid stories that touch.

Don't be too greedy just because you want to get your desire to take a trading risk in crypto, only people who are patient and more able to take advantage of their not excessive profits, in my view, crypto will be able to increase more rapidly because of project adoption -A new project that makes the price increase and makes this growth even faster which makes crypto even higher in price in the future.

Before taking any step you need to think wise, never invest what you can't afford to lose.

This really works as you don't mind what's happening from time to time, setting your target and allow the market to move from different
sides, you won't be worried if you have a sets of plans before you take your investment, not too greedy but patience enough to wait for your set targets.

Well said.
From your writings i can feel the pain that you have gone through in the past.
But this is the major problem of the most of the newbies. Without doing a proper research on a specific coin, they do a big investment on it. And when later when the coin crashes or the it turns out to be scam, they cry on their fortune.
So it’s always better to think before you do something. As money is very valuable once gone can’t be earned so easily.
So always choose the coin wisely.

Greediness has cost me a lot, I lost everything I have gathered in crypto just because I want to get so rich very fast, if you want to survive in crypto space you must learn to be focus, do not allow greed to take over you at any point. As far as the crypto space is concern, nothing is certain here, you can get it all in one day and still lose it all in one day, learn to move at your pace, you must be a wise investor.

Full-time investors have also learned their investment for a long time, so don't think that these investors are stupid people in crypto, they are smarter in putting their money into investing, especially for those who have been deceived. At least once, it is clear that they will no longer easily trust anyone except people they know.

the thing that attracts most people to the cryptocurrency world is the huge profits without working hard. people think all places to invest are the same. however, that was a big mistake. many people even choose a coin because it is cheap and false information that the coin price will be very high in the future, or with a large bonus (this happened in ICOs), and it backfired on them. however, being wise, and doing research on an ICO will be a good weapon to choose the right and right investment place.

This is true, no easy money in crypto world and this surely not a easy money scheme that can make us instant millionaire just a couple of months or even years passed. With bad decision of crypto investments it could lose lots of fortune and that's not healthy at all. Controlling emotions and always doing research will only be the way to negate all bad decisions and future investments to come.

Agree, because there are many things to experience in life, but not everyone realizes that. Most people's lives are under pressure from money, so people want to become rich and they invest. But remember that wealth doesn't come from luck, everything has a reason. And the fact that most people do not understand this market go to invest in it and hope it changes their lives.

Bad decisions taken in crypto investment can wash off all profit one has accumulated over a long period of time, hence its necessary to think / research properly before taking any investment action. For instance, when I started futures trading, I was comfortable with 2x 3x maximum. Later on greed set in, then I used 50x for a trade, I was so confident it will hit my sell target, but unfortunately the market surprised me and it went south, I got liquidated since my stop loss didn't hit. You need to build a good strategy and stick with it to be successful in crypto, you must not invest in all trending coins, knowing when not to invest is very vital too.

It is true and very clear that everyone must always control himself in making every decision when he wants to invest, because there are so many people who are frustrated as a result of losing a lot of funds through bad investments in unclear projects.

Of course it depends on the thinking and each target and determined by each person, if they think getting rich is the right choice or their goal is to enjoy life why not?
The way people think is different and you can't conclude that what you say is good is also good for other people, no it's not like that.

When we are tirelessly trying to earn money to become richer, it is important not to forget one simple truth. You need to live not in order to work, but you need to work in order to live with dignity. Choose the right path to fulfill your dream, but do not become its hostage. Be content with small, striving for greatness.

If you want to be an intelligent investor, it is important that you have some qualities. As such you have to be patient. You need to do research. Make the right decision at the right time. If you have all these qualities in you, then you will achieve success.

Don't be so greedy because it will not help you to win on every trading. Think more than twice or thrice before you invest into something because at the end of the day, you will be the reason if you lost everything or won your investment. Don't get too excited to be rich because it has process so patience and being wise are important.

apart from not being able to control themselves, most of them also do a little research and make decisions, and it frustrates them in the end. however, in the end, it is not enough to be wise, but we need to know what and who we are investing in, concepts, and so on. this needs to be found out and continue to be considered.

Investing is a huge risk and I think all the good investors know that as a fact. You need not just a hunch to know if your investment would be a good one or not. But rather they need to be able to learn trends, learn the techniques, know the rules, and have a lot of courage to face those factors that would contribute to their investment being a good one or not. Investing is really some sort of a business deal where only those who have the knowhow, will be able to be more successful that the ones who just felt the moment of investing.

Yes, Those who have too high expectations and tend to be too greedy to pursue wealth in reality do not produce anything. While people with common sense will be able to be grateful for what they get, Greed for the expectations they make will only lead to disappointment, only people who are patient and conscientious who can enjoy what they get.

Being rich with your portfolio can happen as long as those coins you've chosen are the good ones. There's a chance that you can make that much money on those random altcoins but it's pure luck whenever they get a pump. But the hard part is how long you can wait if you're an investor and longing to have a decent profit on your portfolio. It's better to be patient and wait rather than expecting that you'll earn overnight. So it goes with patience, being wise and resourceful as you go long term in the process.

I believe this would have happened to any body doing this Crypto thing one way or the other. Believing one day the coins you have your wallet will make you rich one day. Let me shock you, it might not happen anytime soon or not even happen at all with those coins. Lot of us have missed good opportunity to sell our coins and then cash in small profits on them, but we will be waiting for the big whales. And only to find out later that the price of the coins has gone really down. That is if it doesn't go down below the price you bought it. We should be very sensitive and understand how the market works.

It all depends on our efforts to fight for consistency in all work, like a month because of prayer alone but it takes struggle and consistency in working in all areas of projects and trading, sometimes if we are consistent it is not 3 years as you mentioned above even if we are consistent 3 or 4 months we are already rich caused by the performance and luck we have because of our hard work and belief in my opinion

Hodl, I will not regret if I do an analysis of every coin I have chosen, some alcoins and almost all coins have different prices, therefore the risk needs to be studied before choosing to invest.
Bitcoin and the other top 100 altcoins are great for trading, but have you ever thought the price of Doge is going up like it is now, hype can change everything and when you have a top coin then you have nothing to worry about because they have a large market cap.

so true. do not be easily satisfied with what you have achieved let alone boast. try again to learn and do more deeply, of course you can get more benefits. Become rich is probably most people's dream because their life will be much better and decent. Be a wise investor who can regulate your own emotions to achieve goals. And one more thing you need to master a broader understanding of the market so that you can become a pope in the future.

My rule is that we can say "get rich quick" if our skills are good. Becoming an investor also requires good coin analysis so that the rules can be achieved. If you don't have good skills, don't expect to get rich quickly

Actually every person has their own goals, so some people want to be rich so you shouldn’t judge them. Personally I also think that spiritual values are much more important as you can’t buy the emotions that you have when you spend your time with dear people. To my mind, the main thing is not to lose in different scam projects. So if you just invest in Bitcoin and some more fundamental currencies, it will yield a profit to you.

A newcomer can also invest in cryptocurency but without profound knowledge he will fall too and will lose everything he has. Hoping for riches in the future but shit he's got. Try to be a wise investor and always look for knowledge about cryptocurency

That one is not an skilled investor, one could lose all of it; it's fine to hold out hope to be wealthy; we are only human; as long as you have a purpose and follow the right route, folks can achieve your goals; and it's good to live both a rich and a wonderful life; both are easily achievable with the right track and dedication.

Chasing much money is very risky in crypto investment. Because several investors only chase to become rich and then fails in the long run because of their eager and wrong move. Greedy would cause so much problem in investing. And crypto investment isn't suppose to be an easy money scheme well in fact the majority failed compared to the ones who earned to become rich. So, take a deep research before investing and be confident enough for hoping that you would profit on what you've invested.

Maybe you are investing on memecoins, and not on projects with real products and real use case. If you are involved in a legit project you can even hold it for years without worrying anything tho, and there's lot of them out there you just have to find them.

And yes having a good life is much important than being rich, but how can you have a good life if you are struggling on your daily expenses everyday. Lol. Seems like you took being contented seriously. Don't be brother, dream high still, read and continue learning about stuff related to investing if you really wanted to become a successful investor. There are tons of resources out there that will teach you to become a wise investor and don't simply depends on your own mistakes. You can avoid losses with the right knowledge, keep that in your head.

Gluttony is one of the traits of psychologists that we must understand in trading. Because I very often see people doing crazy things because they want to get rich right away. Yes, but I don't blame them entirely. Here, there are several seminars from ponzi projects that make them interested when they do not learn about the project. In the end they will regret just seeing the loss of all the assets they invested.

every human being must have a sense of never being satisfied with what they already have, but I noticed that in investing in crypto, if you invest properly, you can get double the profit from the initial capital, but it can also make you fall into poverty.
i think investing in one coin is very inefficient to get profit try you invest several coins within a month can meet your target of your main coin, and finally I
believes that it is better to take a small profit than to lose. in this case, we all feel that dissatisfaction can be our main enemy.

Those scammers  are really  good in terms  of planning  ahead to how to scam people,  they are showing  alluring offers  and make the people  believe  that  they are doing  the right  thing. Sad true  that there are investors  who thinks that  this venue  of investment  can make them  rich in a short period  of time.  A very common  mistake  with a lot  of people  who are lazy not to do their  homework  before investing  inside this market.

It is quite difficult to properly manage your investments. It is important not to chase short-term profits, because this may turn out to be an illusory hope. If you have decided to invest, then it is better to focus on the long term. And do not rush, think over your strategy well, and study the project in which you are investing.

I don't like NFT that much but I always make sure that I store or invest on NFTs that can be used in games or while gaming, this adds more value to the nft even if you just locked them away, my advice is to be smart when investing on NFTs