Bitcoin Forum

Recently I was reading one of the famous books called " Rich Dad and Poor Dad". This quote just changed my thoughts and reduces my depression. Like many others, I myself also made a huge loss in this recent BTC crash.

When I first came to the crypto world I start with only a laptop. This was all I have and I made a good amount of money because of the last bull season. But because of poor money management and lack of experience, I took a big amount of loss too. I do make some losses but the lesson learned is priceless.

1. Money management is very important. It is better to have some plan than no plan.
2. Opportunity will come again and again so do not FOMO.
3. Anything could go to zero no matter how big the project is(Luna disaster).

Now I know how cash circulates into the crypto markets. I know fundamentals are the most important part of a project. I again could do mistakes in the next bull season but I will be more mature than to handle the situation. I do take some losses but the lesson it gave me would save a hell lot of money in the future.

Your story makes me think you got into trading altcoins, which is very risky.

I don't know what you got out of Rich Dad and Poor Dad, but basically what that book says is that rich people invest for cash flow, giving a lot of importance to real estate investment. The author has great confidence in bitcoin, but I would never lend it out for cash flow, as it means giving up your private keys for a small extra percentage of return. Too much risk for too little return.

Personally, I don't play with altcoins. You seem to be keen to keep playing with them, good luck.

As the title says, I'm not too upset with the current state of things. Although there are some losses in time due to over-optimism, overall what I have gained from this market is as well. It's something that I really appreciate. The lesson that I feel to remember after many years in the market is that let's keep things simple and see the reality more than the problems surrounding it. We can benefit or take risks through the process of exaggerating with each trend, but don't let it dictate the psychology of how the market behaves, and the worst part is that big losses make it difficult for us to overcome.

Not easy to learn when you have not failed yet. But when you have failed before, you'll start avoiding doing it again.
You should learn to buy back in the process of learning because this is where you get more profit when you know when to buy back.

If your goal is just to make money, you may not really own something you can't control of. But if your goal is to get more BTC within your personal wallet. You've learned. I think I heard this from Max Kaiser.

I’m a fan of that book too and I can relate on your experience. I remember when I start in Bitcoin and doing faucet and revshare, I don't have anything except my girlfriend laptop that lend me every weekends when we have no class, I’m college student at that time and literally broke as fuck because my family is not that reach while I’m studying on a university.

To make the story short, I earn massive profit on 2017 bull run and manage to take profit that I still benefited until now but I lose almost 70% of my original profit due to poor risk management. I admit that it was very easy to purchase shitcoins without doing research if you are joyful on the profit that you get in short term investment. You will just realize how foolish your action when you lose all the money that you earn.

This is exactly like the same quote - some people came as blessing and others as lesson.
But there are a very few who actually learn the lesson - other make the same mistakes over and again.

Everyone of us are facing the same bears right now. All our portfolios' values are falling. If we compare them several months ago, we're indeed having a huge loss. But I actually don't mind this kind of loss. This isn't permanent, after all. I know very well that this will pass. I am a hundred percent sure that the good times will be back sooner or later. So I'm not at all depressed or disappointed or whatever.

Some are saying that in times like this we're led back to the fundamentals and the technology and away from the price. But, to be honest, even if we focus on the price right now, there's really not a big problem. My optimism is not at all lessened. Even if Bitcoin falls all the way to $1,000, I'm sure it is still nearer to $100,000 than 0.

On a lighter mood, there is nobody with no plan, to put it in a more proper English, there is nobody out there without a plan, we all have plans, we either plan to succeed or plan to fail, not having a plan at all is (like we all know) a plan to fail which is still a plan no matter how its looked at  ;D.
To add to all you said, succeeding requires good planning, and also sticking consistently to it while being patient, having patience is same as having a good plan because without patience, one will still end up having several plans that is not working, Making good money in crypto requires good planning, strategic investment plans as well as good patience, most people are always  in a hurry to make money that in their haste, they end up loosing the one they already have and they come back to blame people or the market for their misfortune whereas its their laziness\lack of proper planning as well as research that is the real fault or cause of their problem.

You didn't make readers know the kind of losses that you took as a result of the bear market, if you traded crypto or you are a hodler. I think hodlers lost more in the bear, not lost actually but reduced value of hodling because the value will rise again (if the hodling is on). Hodlers don't need to panic and sell if they want to regain their value but a trader can lose all you have in bear. So which part got you drained?
Most users here are going through the bear incase no one is alone. If you don't sell at the right time then you face the bear.

The book "Rich dad, poor dad" isn't about trading. AFAIK, it was about buying and selling real estate and gathering more assets, while reducing your liabilities. It was about having a good cashflow and multiple income sources, while trying to reduce your costs. Crypto trading has little to do with this. Of course, Robert Kiyosaki is teaching the good old "failure is a big part of success" common sense stuff. You don't really need this book, in order to know that losing and failing is a big part of life and you can't win all the time. Opportunities come and go and losing or wasting an opportunity shouldn't make you frustrated. Everything can be summarized in one sentence- Put your ego under control and stay humble.

Sometime a unique idea at the right time hits real hard to the people. Then they work smartly and get a good cash flow in return.
But no doubt luck and hard work so side by side.
Amazon owner started working alone - many started working from their home garage. The idea is to put things inline and work smart to achieve the goals.

It is about investing actually not speculations. I know I can not relate this book to crypto but there is some advice that can be followed in every part of our life. I mentioned that book name because that title is from there and which I think is very true. This quote influences my thinking about life and makes my thoughts more positive.

Not only that there is some other quote from that book that changes my thoughts too. Like this one" Those who try to avoid failure avoided success too."  Many times I didn't do some work because of fear of failure which later proved beneficial. I knew these quotes before that failure is the step toward success but it didn't shake my mind that much till I read that again in that book.

Lessons can experience can be learned from anywhere and reprogrammed in other circumstances. So I do not mind gaining knowledge no matter what it is about.

I agree with all you've said. Money management is important for someone who earns whether it's big or small. Honestly, it's not all about how big you earn rather, how much you could save.

You're on the right path and that's the correct process that you're taking. It's not an overnight success in earning through crypto and as well as learning from the mistakes that you've made.

Every amount you earn, you have to give importance on it and that's going to make you wiser on how you spend it.

The truth is that if you are in control you win all the time without losing.  This can only possible in a Perfect World where you actually know things ahead of time and have control over them.

A perfect world exists but is often denied by those living in the imperfect world. It's a World ruled by the CREATOR of all things,and it exists on Earth.

We cannot change the world politics neither we can expect anything from our government. The only thing we can do is to earn money and have a good living. Rather than looking for help. Regarding the OP - we can always pray to God to save us from the ill of the world.

Having a plan and managing capital is key to success in any financial market. If you do not have a plan and do not manage your capital, then you will forever lose.

As long as the market exists, the opportunity will always exist, so there is no need to rush for fear of missing out  invest blindly. Another opportunity will always present itself if we do not give up and wait patiently.

Why do we need a perfect world? Those who fear changes complained about the world not being perfect. Changing the world is a hard thing so why don't you pick an easy one. Change yourself you will get a perfect world.

New things are good because they bring more opportunity and knowledge.

That is the kind of impression I got as well, after all he states on his third point that any coin no matter how big can crash and then gives the example of Luna, but this only applies to altcoins, because even if bitcoin can go down very quickly as well it is almost impossible it will go to zero and it will always retain some value no matter how bad things get, so such a statement makes me believe the one that started this tread invested in luna and lost a lot, and now he is wary of every single project in this market.

Does a laptop isn't enough to start in crypto world? I guess a laptop is already enough if you're not do something risky e.g. installing random software, checking the sources and try anything that will harm your laptop. Also not all people who have Bitcoin is a miner, most of them I believe are just buy it directly on an exchanges.

This is how everyone is in cryptocurrency. Because everyone values ​​income more than learning. Those who value learning more than income will win.

If you want to win, you have to give more importance to learning. Because if you don't learn, you can't progress in anything. If I had been told I would have talked about learning. Because learning is more important when I'm new to cryptocurrency.

Experience they say could be the best teacher. This is the case most at times for some people but there are lessons better not learnt by experiencing them yourself but the truth about this is, you never would know how it feels without a first had experience.

Many of us through the various articles posted on the forum every day and on the net, have been aware of the bear market moves that dumped bitcoin in the year 2017. I am sure it wasn't funny for those that were into bitcoin at the time and that's the very way most of us that didn't take profit nor made moves to preserve value is feeling now. For some reasons, it is good as, It would be a good motivation to learn analysis and take it more seriously.

Fortunately for some, you've never lost if you continue to hodl and you lose only when you sell at the dip. At the dip, what you ought to do is buy and not sell except necessary. Good one we are learning, its the purpose we are here isn't it.

Yeah I got the learning in the current bearish market for sure. It’s teaching me how to survive even when your assets are locked up because of the bearish market we are not able to sell anything. Selling means we are literally giving away our money to the people who are actually following your thoughts from the rich dad poor dad book. With the current learning’s I’m very happy. Yes as human being I’m nervous that my funds are locked up and i have no idea when it would be recovered. There is recession up front so I’m scared for sure but holding on to this a lot. So already got the learning’s and trying to win the situation right now.

Learning about what is happening in the crypto market will really help us to act accordingly. Many of us don't learn from our mistakes and let ourselves experience other mistakes, which will not give us a chance to succeed in crypto. Therefore, perhaps learning to analyze our previous mistakes will help us avoid making the same mistakes and make plans about what we will do.

In Bitcoin every moment is an opportunity to either buy or sell. I understand you weren't prepared for the crash but in market conditions like this people are still making profit. I think it is high time traders learn how to profit from both ends. Money management is the first principle for every investment then taking advantage of any trend is then key to solving FOMO and FUD. Zero drop projects are only applicable with shit coin and one has to be skeptical about investing in altcoin

Yes, you are right. But all the time if you find victory but not. If you want to achieve something you have to lose first. You have to learn slowly. And cryptocurrency is a kind of system where you have to learn all the time. The more you can learn, the more your skills will improve. And your interest in work will increase. So respect and love your work. You will see that you have won.

Point of correction, you can only make losses if you choose to sell your BTC but if you hold till the next halving effect market you don't make any losses. I will advise you to keep some capital the bottom price is yet to achieve.

Learning how the crypto market work is very important because knowledge about the crypto market is what determines your profit and the last time I checked short are the best trading strategy during the bull season.

Yes, it is but DCA is the best option for money management

If you dyor about Luna, you'll expect the dip fall in price the coin experienced because it was overbought and the project itself doesn't have a unique concept or solve any crypto-related problem.

It's great to see when people read amazing books and apply whatever they learned here on the forum and their investments as well. I do think that it's amazing to see that you will either win or learn but at the end of the day not many people have that many chances of learning, we all have different resources and different savings therefore it's wiser to learn and then invest than invest and learn from the outcome as well.

Crypto market is very different so what you learn from the traditional market you cannot apply here as well, therefore always be ready to explore more and at the same time learn more !

That is correct - crypto is very different market - It makes people rich in a jiffy it can can steal all the money in jiffy.
If we take an example of Luna - -that was a huge disaster. But on the other hand many people got hold of the coins when the market crashed and they got benefited.

The easiest way to learn something is by losing. Only when you lost your hard-earned money that you truly realize how stupid your was. That was the kind of force that made you to learn from your mistake and become better at yourself.

This one is really important. It's not just giving you benefit on current date, but it will give you an ease to manage your money when your are older or even get married later. Without money management, who knows your money will gone without you even know it at first, it's always better to take care and watch your income and expanses.

Yes, but the biggest problem about this one is that how you move on and treat it as your learning experience, instead of just falling into your failure. Once we can master this, we can at least control our emotion and can use that experience to use it on better place once the opportunity comes again.

Agree with OP, when we take everything positively then yes, we aren't losing. Whether we are earning or we are learning. But when you think financially, we are losing. Some people lose in bear season and some people make handsome money in a bear market. It depends on the situation and how we are trading.

Also, I have learned many things from crypto. Only a single wrong decision would destroy everything you eared. Sometimes lessons become too costly. Everyone can earn money. But everyone can't manage funds properly. Money management is quite hard.

It has become common when they experience losses in a bear market situation, this cannot be avoided because the movement continues to decline and sometimes with our analysis it becomes messy because the price is unpredictable.

I've experienced big gains but on the other hand, I've experienced big losses, as now there is a prolonged bear market happening.

Money management is very important I have learned a lot about this from various sources including looking at advice from youtube, tiktok and instagram about its actual management.
With proper management, we can at least minimize it to prevent big losses, so I'm planting that now.

In crypto investment I am sure it will recover, not as long as it is bad, the price will definitely increase the asset will not be lost except its value.
Since the opportunity will come then I will wait in a few years.

I'm not going to be careless with any FOMO/hype that gets us trapped, but I'll do whatever it takes to avoid falling into the trap like I've experienced before.

Since the future is pretty bright in crypto then I won't be too worried.

The two big things that did it for me, were being lucky enough to get up to a decent salary by falling into the right line of work and also doing a lot of research into money management which is your first point. It is very true that "it takes money to make money", what you'll find with a lot of people who started with very little is that they built up their fortunes brick by brick over a long time - it's not a case of trying to find a short cut to suddenly become wealthy, that happens to the tiny minority. You're better off sticking the vast majority of your money in a global index fund which tracks companies of all sizes and be happy with the return of 5-8% you can expect to get on average from the profits of all those companies.

Yes, it is true that we all lost in the last drop of Bitcoin, there are also those who lost millions of dollars in the last Luna disaster, but this is not all and does not mean the end of the world for sure, this is the world of crypto. There is no permanent loss and there is no permanent profit either, so it is very important to benefit Of the lessons that you get from losing because it is what gives you real experience, I always say that loss is a paid educational course, so a person should not be sad about the loss, but rather learn and draw from it the necessary strength to move forward.

I'm not a fan of the idea a person will learn valuable lessons from losing. Why can't they learn valuable lessons from winning as well.

It all comes down to the human mind being the biggest advantage people have over other life forms. Many truly believe they're better off not developing their minds. They fear the transformation which occurs when a person comes into contact with new ideas or knowledge which shifts their perspective.

Those whose minds are open to learning. Will learn valuable lessons from victory and defeat.

Its mainly those who are extremely stubborn, who can only be forced to do it through painful experience and crushing defeat.

Losses are part in crypto and you would not manage to make profits in crypto if you never experience losses at first. So it's always part of your learning process and growth in crypto. However, having some good money management and long term investment plan will always give you an edge not to fall for huge losses, but i think it would still take time to realize and develop it after you have made initial losses.

Fundamental analysis can't be neglected in any project. The same way you shouldn't wait for the next bull run to take profit. The market is still profitable in the bear. Losses makes traders wiser and smarter and the lesson it teaches never ends. I think you weren't prepared enough for the market. You took advantage of the bull season and it made a cool pay off. Now the trend is reversed you got lost. Take some cool time and revisit your analysis

I think the point here is to stay calm whatever happens! When we get upset we make bad decisions, and making a few bad decisions in a row can be really harmful! So there's no need to get annoyed, to get upset, in the end, it's just a business and you either win or you learn something so that next time you can do better!

It's life! It's full of ups and downs, but it's important to have a clear mind and not let emotions disrupt you... we all learn about that as we grow! I guess it's hard to understand this before the 30ies and 40ies! Some of us learned the hard way, others had easy passage, it's an individual thing that depends on many factors, but I guess the bottom line is to stay focused and not let defeats affect you too much!

That's a good thing that you were able to realize the significance of losses because its the only way that we will start learning in the crypto. No one would be able to skip losses in this volatile market as losses are always essential for our learning process to takes place. That is why there's no need to fear about losing in the crypto market, its always a good strategy to motivate you and discover your strengths and skills that will give you an edge in crypto.

you will only have losses if you sell your coins, imagine that you bought when the price was 50,000$, so at the moment you bought you had to have already considered the money invested as something that you could lose at any moment, with that thought in your head everything what you would need to do and be patient and not sell at a loss and wait (even if it takes centuries) that one day the price will be above 50,000$, while you wait for the price to recover you can buy bitcoin with each price drop, that way in At the end of the day you will be profiting and you can even recover your loss very soon. nothing is lost, you don't have to go into depression, you just need to believe and you have to use your head

Losses or simply mistakes that had committed is something needed for you to learn and comes mature or aware on how this market works or behaved that's why accept those mistakes and learn from it and don't make yourself to be that close minded and reason for you to stop just because you are afraid for it to happen.Losses are inevitable but once you do gain experience then you do know on how to minimize losses along the way,so keep improving until you do have a good grasp in the market.

we always want something perfect, but it's impossible to happen. it is from that imperfection that we can take lessons from it, where we can learn to be sincere and always think positively and optimistically. therefore humans are created with a deficiency, so that they understand themselves. as well as analysis which cannot be 100% accurate, but we still get results

For now i'm feeling victorious because i didn't sell when the red price was below $20k even i'm happy because the last time i bought was when the price was $18400, unfortunately i only bought around $400, but the other thing that makes me happy is that some altcoins are also continuing to go up and i'm optimistic that cryptocurrencies deserve to be said to be the best investments today.

I like the title cause for me it's true you would only lose if you didn't learn from your mistakes.
And think about your loss on trading as an experience and learn from it.
I think most of us loss some money from this bearish market.

Yes, it is impossible to always get only profit. This is very often out of your control, especially during a crypto crisis like this. I also lost a fairly large amount, I had a plan and it did not help me. I'm thinking of leaving all my assets before the end of the crypto winter, this is my only new plan right now.

- That's true because if we only spend money without the desired goal or the right goal, our capital money will go to waste.


- Agreed, we shouldn't be deceive by this FOMO( Fear out missing out ) let us learn from the false experience of others who have believed in
  such things. Then we have a lot of choices here for the opportunity to earn well and beautifully in the future.


- Luna is one example that we should learn to be even more careful in choosing the token
  that we will hold for a long time or for a short time.

Nothing will exist like that because for sure we experiences those heavy losses especially the one brought up by bear market season. Even though the case sometimes will happen like this we should set un our minds or learn that scenario is good learning experience to be learn and for sure in future once you became knowledgeable, profit will come and that would be worth it for people especially those people can able to hold for long time periods.

The author of the book is Robert Kiyosaki who is actually a supporter of Bitcoin so he is not going to let the people to think bad about his ideas and lesson, personally I love to read his quotes and watch his interviews because it shows the reality and better knowledge about what is money but not completely agree with him as well especially the debt because its only good for suoer rich not for middle class so its also important which one need to pick and the ones to avoid because nothing is perfect.

Start saving this is the first step and better later than never should be kept in our mind.

A lot of people have criticism towards the author Robert Kiyosaki and his book "Rich Dad and Poor Dad" and other books that he wrote.. but he is challenging the norm. I read most of his books and "Rich Dad and Poor Dad" was one of the best.  ;)

I am glad that you made mistakes and that you had the courage to try again and also that you learned from your mistakes to improve in the future. Some people make mistakes...... blame other people ...and simply give up. (Those people will not succeed in becoming a success in Crypto currencies)  ::)

That is why crypto will always be a win-win scenario. You lose but you still end up learning your lesson as well. Mistakes from our decision making will always be inevitable, but somehow it makes you mature and create wide understanding on how crypto market moves. However, if you have good money management and you are able to maximize your investments in bitcoin and in established altcoins, losses are still inevitable but somehow you can manage to maximize your profits over your unstoppable losses.

Doesn't matter how much you invested, it only matters how much it means to you. If you invested an amount that matters to you and when it doubles that would be a good money then you should be happy about it. Plus, the price is not back to ATH levels of anything, it's still quite low which means that you still have time to buy some more.

This is how you could make a good income, just work for crypto as well, that would be a great deal. Think about it this way, if you work for a whole month, earn 1k dollars, and wait for it to be 60k, then you will be basically getting paid 3k dollars for it instead, do that for the past 2-3 months and you would have 10k dollars combined. That's how many people got rich, worked hard instead of investing, that's an option too.

This is VERY true, I remember I started with something like 20 bucks, that was my first ever investment into crypto, ever since that day I invested more, cashed out, earned, spent and many other things in crypto, but the very first one was 20 bucks. Thats all it takes to get you started, after that you will find your groove and it will get bigger. I personally believe that the best thing we can do right now would be keep buying more and more as long as we can afford it, you are right that you can earn a good chunk as well, even the signature campaigns has started to pay close to 100 bucks a week, thats 400 bucks a month, quite big amount if you ask me, bigger than the minimum wage in turkey for sure :D

financial management and strategy are two important lines that will make a person get what he has targeted. especially in the crypto world everything can happen the opposite of what is seen because we can't bet with this because this is not a gamble we lose and leave it. for those who can get to know the traditions and strategies of trading or investing crypto they will understand what opportunity, patience and faith are

Some people learn it hard way others are born smart in money management dealing. There is another type who are good at scamming people and making money out of it. So everywhere this money game is driving people crazy. But then again - you win or you grab a lesson.

it also contains losses when someone buys bitcoin at $50k but doesn't sell it at $60k, as the market price of bitcoin keeps fluctuating due to volatility, we all want our investment or portfolio to increase over time not the other way around, because it's better to sell bitcoin at that price higher and buy back at the lower price as the current price at $20k.
but for numerous people who miss taking advantage of the bitcoin price that has plummeted, yes it is better to hold on to what you have, don't sell it at loss.

But before we go to that stage we provably experience from losses on different type of investments, because for sure on early stage we are easily been hype because some of people hyping up this new things introduced to us. Experience is really a best teacher and after we learn from our past mistake then we are much careful about investment talks also on selecting good platform for us to invest.

For now, of course, I'm learning more, the market that has dropped significantly in the last 2 weeks makes us have to do a lot of analysis and what I get is that I immediately sell when I have a big profit, there is always an opportunity to buy at a lower price.

I agreed with what OP said but I have also seen people who have made the same mistake again and again. Doing mistakes only will not change anything if you are not sincier enough to do research and find out what you have done wrong. Some people just throw money at something and wish for luck to make profits. Investment is more like gambling for them, not business. So the big question here is whether you are really willing to improve yourself and learn something or you are just those types of people who wish for better luck.

Thats why there's a saying "experience is the best teacher" because thats how you'll going to learn that can give you a good lesson. After different experience about gaining and losing, you'll realize the mistakes you committed after worse scenario happened.

Its really a must to have plan, it can lead you to the right path when it comes to managing your money and investment. In crypto, nothing is permanent thus learn to take advantage every situation, there's always a good side that not everyone can see.

This is an investment that makes us always interested in checking prices, sometimes if we check the price once a day will not be enough, I once checked the price in the morning more than 2% but in the afternoon or about 14 hours the price of drops more than 8%, win and learning It is something we must have when we invest in cryptocurrencies.

I just admired the way you ended up your story unlike some persons out there they give too much attention to the amount of money lossed and forget that a lesson should actually be leant from the manner in which their loss came about.

Luna really recked many investors and some are still struggling to gradually come out of their losses but it shouldn't deter anyone from continuing to invest. Just like in the real world out their through failure many persons have leant new ways to better do things, only that here in cryptocurrency trading our failures are accompanied with financial losses.

No, it is possible to make profit without loss in trading, there are professional traders who take their time to make good research, check the market history and go through trading charts, signals before they start trading, they gather good report and they ensure that the market is stable before they begin trading these group of people are know as expert traders their profit may be small but they don't loose in trading.

I think being optimistic despite of the huge loss we have right now is one thing that we should look forward because in the end, bitcoin is not going to collapse but this bearish market could be the start of a new ATH again once bitcoin gains its momentum. No matter how many times bitcoin will fall, we should not fall into depression as we have always seen that history takes part and will always repeat again. So learn from all your losses today, but make sure to never give up.

Unfortunately for most people who aren't "winning" , they also aren't learning.  Sure when things don't go your way investment wise, then you should have a learning opportunity but from what I've found, that's just often not the case.  Any time a market has a big downturn, most investors act like it's the first time ever happening.  Let's all keep in mind that most investing should be long term, and you don't lose anything until you sell.

Good for you that you started with a laptop but majority here have only started with just a mobile phone so you are considered to be lucky already but thanks to the cryptos because of the profits that it provides, many of us here have now bought their own laptops.

This is important especially for a trader that often check the charts and do some technical analysis, anyway I agree on the 2 items that you list but about the 3rd one? no that's not true. What about other big projects lke btc and eth? Do you still think that they can go to zero? It's important to learn from your mistakes because if not then you won't improve in the path that you choose and you will only lose a lot of money.

I think what he meant was it's not always a lucky day when trading because I'm sure there are days that you will be losing in trading and that's normal. I've seen professional traders who got lost in trading but what matters to them the most is how much winning you have compare to how much you lost.

And if you are talking about signal in trading, yeah, it might give you a profit but not that big and it takes a lot of time plus the amount of patience you will be giving just to put the orders. But it's up to us of what strategy we use as long as it benefits us.

I think, continue learning from bearish and bullish market is very important to investors because some investors are very panicking right now with the current price of coins in the market. Crypto market price is unpredictable, because it can increase within a minute and dump within 2 minutes in the crypto market, that is why you need to be watchful about the price in the market. I believe many investors will get it right in this season, because bullish market is about to appear for those that invested when the price was low to start earning money from their long term investment.

1. Obviously money management is very important. But i would say it is better have a no plan than have some random bad plans (investing in shitcoins).
2. Wrong. Opportunities won't always visit you again. There will be a time where you missed something that will never return. You will never have the opportunity to invest in bitcoin when it was only a dollar or two. You won't get another opportunity to invest one dollar in shiba inu and become a millionaire overnight. But yes, you shouldn't FOMO.
3. Anything can go to zero, but there are projects that are very obvious that won't make it. People did warn about Luna before.

I knew Bitcoin since 2013 when I was investing at a high price in 2013, which was a price of more than $ 1000, at that time I invest around $ 350, I followed the advice of experts for hold, but unfortunately the price of 2014 dropped below $ 200 and I sold with losses More than 82%, if at that time I did not sell, of course I could be a big profit, but this would continue to happen and might never stop for learning.

1. How do you know a plan is bad or good? It can only be justified once executed. When you have no plan you are not an investor anymore. You are a gambler and your only hope is to do nothing but pray. So if a plan proved to be bad then that can be revised and tweaked to be better.

2. It's possible same opportunity won't come twice but there will be plenty of other opportunities that will change your life. Example: Everybody now wishes they brought BTC at 0.25$ when it was early. That opportunity was one time but BTC goes to 20k then 3k was an opportunity, BTC again goes to almost 70k, and now sitting below 20k it is an oportunity. You just need to have the eyesight to identify the opportunity. Buying BTC at 0.25$ would be more profitable but buying BTC at 3k later also made a hell lot of money.

For the current condition, of course I learned, the thing I took was not selling bitcoin 3 months ago when the price was more than $ 40k, a good opportunity because it could profit at least 10% if the price of $ 40k, now certainly loses if sold at the current price, Hold and be patient are what we must do when we see the market bearish.

Indeed, for now there is no better choice than to hold on to it because if you sell it, you will definitely lose,
we never know when for sure the market will be bullish so like it or not we have to be patient waiting for that,
but again it depends on the individual because everyone has their own decision

You also need understanding aside from looking, but converting things into actions. In trading, we commonly hear the famous principle of Warren Buffett

,buy when market is in fear, then sell when the market is in greed. You have your own decision making though and you should be

focusing on what strategy is really working with you, learn and earn a good principle that will allow you to explore deeper and realize

how to have much stable system that can give you a better chance of success.

You would be surprised how "easy" money can be made if you have the right skills. I say "easy" with quotations because before getting to the easy part there is a lot of hard-work in order to acquire the skills and experience required to make it "easy" ;)

You would be suprised how many families don't even make a budget. That's why economic crises take such a big toll on the average joe, not even talking about the poor class. Most of them do not have basic education, not even talking about financial education that is not part of the curriculum. My point is that having a money management system already puts you ahead of the great majority of people. If you took the risk and navigated the crypto markets, you sure learnt lessons that would serve you for lifetime. I know I did. One advice: no reason to ever regret losing that money. It doesn't help you. Get your head right about money, it is abundant for those with a growth mindset ;)

The problem is not about trading altcoins or investing in it, but the ability to recognize opportunity and utilize that opportunity. The op already admitted that he made a lot of money perhaps from whatever he invested on (btc or alts) however he could not make the right decision as at when needed. 
One important factor in crypto investment especially altcoins is knowing when to sell during the bull period, the moment you fail to recognize that period and act on it the end result is not always pleasant.
So as the @op rightly mentioned, it is very important to a have a plan, have a target goal and stick to it, otherwise it will be difficult to make the right decision during that time.   

I mean, not to invalidate your feelings but you are definitely entitled to your feelings about your investments. Regardless of the result, our feelings and emotions would be affected since this involves our time and commitment to a certain investment. But there are things that we certainly overlook- like we sometimes forget our humble beginnings since we focus too much on the present that we disregard our origins and setups.

Based from your experience OP, always remember that our investments are called "investments" for a reason. Though the price may have crashed, always remember the fact that its price reached $60,000, there will always be that possibility that its price would recover again.

Let's face it guys, nobody seems to know what is actually happening. I thought we would see a double bottom but it seems BTC bulls are fighting hard to keep the 20k level defended. If they can do it, we may see btc rise up to be a hedge like gold, when stocks go plummeting.

We can make predictions about what we think it will actually happen, however that is not the same as knowing for sure what it will actually happen, besides predictions need to be updated all the time thanks to the volatility of this market, after all a predictions may make perfect sense on the morning and then by night you have to adjust your prediction as things have changed enough in the markets in order to completely negate your previous prediction.

What looks like failure to us is experience. Without this experience it is difficult to start a big business. Let at first we will have mistakes and lose some of the money, but in the future we will take into account our mistakes and do everything right. Even with experience, we can make mistakes. We may lose time or rush. Therefore, everything we do is good, no need to be upset because of failures.

we almost spend the whole life learning thing and still we keep yelling at ourselves that we will not make this mistake again. But we do the same mistake again.
I have always been fooled by people - but I never take revenge - and quietly move on! That is the rule of my life. . .

We should never be disappointed if we experience failure, because that is the beginning of our success. If we have never experienced failure,
it will be difficult for us to achieve success, because failure teaches us how to move forward. So experiencing failure is indeed a process that
we must go through to make us successful in starting a business. So if we experience failure and lose some money, it's not the end of everything.
We can learn from the experience of our failures to find a path to success, so as long as we don't give up, each of us should be able to get our own
success. Never be afraid to fail in doing something, because no one has ever been successful without experiencing failure first.

Its normal for us to be disappointed because we are just humans which its normal to have those kind of emotions because losing money or something could really give out that kind of reaction which is something

a very normal kind of reaction and here comes the acceptance on where people could give out whether they would really be that mindful on making these mistakes to be learning curves to make yourself way more

better than before.You wouldnt learn if there would be no acceptance in regarding into those mistakes that you had done in the past or even into the present.This is a continous learning yet theres
no such thing about perfect traders/investor.

Yes, when I entered crypto, it was 2017, so there is a massive bull run and thought of quitting my job to focus more on crypto trading. But then again, the bear market sets in and it's good that I didn't quit my job otherwise I don't have enough money to put in the table. So maybe that time I really FOMO and yeah, I was inexperienced because I never seen a bearish cycle. I'm more mature now and really saving for the future and still investing in this bearish trend because it's where the money can be made for the future.

"You WIn"I don't understand exactly what you mean by the title of this matter. What are you referring to in this author matter? can you please clarify if this "You are the winner" is where? or what? quite not really clear, just okay with "You learn" I understood it. Athough,
I really support and agreed that we supposed to learn the Money Management, it will really give us a good help in the near future.


Well, I guess we should never stop learning, as long as we lived in this world we supposed to continue to learn.
This was I had learned in my exprerienced in the life that I have now.

Learning will never stop, even though the market is now again but we must be able to do the analysis, the possibility of the market for red is very large, especially some influencers on Twitter often make tweets that the market has the opportunity to drop again under $ 20k, whatever happens with the market Of course, never make panic, prepare money to buy when the price drops below $ 20K.

As you mentioned, money management is critical because failing to plan is planning to fail. It is beneficial to learn from the experiences of others in order to manage your own risk and avoid losing your capital investment.

Also one should look for more investing opportunities.
Crypto is good but there are many profitable business - Like Airbnb, grocery delivery, home tuitions and many more. But of course the learning should never stop.

I would say that the best thing we could learn from Luna would be not putting all of your money into one basket. I have seen plenty of people losing way too much money on it, when asked why they put that much money into it, they said they saw it go up super high before. That is not a good reason to invest into something, you could see something that goes up 10x, and that usually means that you already missed your chance, but even if not, then just because it did 10x once upon a time, doesn't mean there is no way it won't go down neither, nor crash.

This is why I would highly suggest that the best thing that could be done would be making purchases from all kinds of coins to diversify your portfolio.

And also look for the other opportunities as well. Apart from buying coins only - it is also a good idea to look for the other opportunities as well.
Some local businesses are also very good investing opportunities as well. A friend of mine was so upset after investing in LUNA now he dont trust crypto anymore.

Win or learn of course depends on the situation, if we plan to buy or invest bitcoin then now is a good time we can buy bitcoin at a price 1/3 cheaper than the end of 2021, when the market is rising I often hear people will buy bitcoin if the price drops And now is the time, don't wait any longer.

Having gone through the different stages of the cryptocurrency market, I also learned some ways to manage assets so as not to mess with them. During the bull market, making money easily is something we have seen as investments easily yield returns, but if greed is not controlled, we can go very far on what the market itself creates. Of course, I always look carefully at the issue of opportunities and risks when deciding on any investment. One thing that I also understand is that this market is not for the majority for happiness. Time and challenging lessons are the things that we need to go through.

Both will always be side by side, we don't always have to win. In every new hype, new challenges will emerge that are more psychologically affecting to enter into it. As you point here,
people just want to get the chance but in the process they don't get it easily. Sometimes to get every opportunity you have to learn from losses first.

That is what the life is all about. Sometimes amit a depressed situation you find a hope and happiness and your life turns upside down.
While on the other side. Sometime amid happy situation you are trapped in the sorrow. Life is so unpredictable, be generous!

Topic is understand me trading think! I think i am learning still now because i haven’t received enough knowledge about trading. I habe free time but no money so how i can do trade forever. In my opinion assets, time and skills will help you success from trading even without you are alone in crypto life.

There are some people who are just too close minded on which they are really tending to make out some perfect copy if they do saw someone who do earn big in terms of trading or investment.They do tend to copy
it without even considering about the possible outcomes which might able for you to experience and losses is always next in line and we know that there's no such thing about perfect trader/investor
which does simply means that losses is there and some cant really just accept it and not able to enhance or improve theirselves because they do really go back into the past and cant accept their
mistakes or losses which is something not a recommendable mindset to have.Learn with your mistakes and continue to improve.

Why not work and manage your earning so that you won't have to spend all of it in crypto. If you don't want to work then try doing something else like selling crypto related stuff or use your skills to earn some crypto. There are gambling sites that want someone who will manage a chat box (chat moderator) for example or whatever skills you have. When you have earn enough crypto then you can trade just like op being able to trade.

Luckily you can still learn from what you experienced when the market crashed. I salute you. maybe in the future some of the details you mentioned can be applied by others in managing their financial management.

Ok, straight to the point that might help you. The first may be the tendency to know about cryptocurrencies which is a big factor people can suffer big losses when the market crash. and this is not only experienced by beginners in the crypto world, even those who have been in the crypto world for a long time can also experience the same thing.

I remember one of Cz tweets published maybe about a month ago where the tweet said don't put eggs in one hamper which I think means very broadly when the market is in a carsh situation.

This is why we have to save and have a good capital so you can have the chance to make more profit. Its good that you are learning, just keep on doing that until you reach of being a good traders, money will come to you later on. We can win in trading and we can lose but that losing moment will surely open your eyes to keep going and to learn more, once you are into trading you can be a good trader in time.

That’s the fact, you won’t care to learn unless you start seeing failure and experience it. But let’s say, mistakes and losses are definitely good motivation to raise you up again. With proper motivation and good financial management, and with long term investment plan and goal, despite of the market continue being bearish, you will never lose as long as you continue taking advantage of the market by buying and hodling more. In the end, crypto will never bring a lot of losses if you know how to handle everything, regardless how bearish the market is.

Mistakes are learning curves or stepping stones for you to make yourself even more better or a good trader or investor on which if you cant experience losses then you wont really be progressing yourself

since you cant really miss nor make out some mistake which is something that we do know thats impossible to happen.This isnt something that you could really just attain without experiencing those
unfortunate events.Some people arent really just too welcome when it comes to losses or mistakes which it might be the reason instead for them to stop rather than learn.

We do start on being a noob and with those events of losses then we do eventually learnt up from that.

Getting money is very easy but management of money is another thing some one have to learn more about for live in exception of university knowledge, i understand that cryptocurrency method of money is a chance and the chance can be when you did not expect it and you get your money in a bunch. Before you started this i thought you lost what you achieved for investing for coin that doesn't have support function not knowing that it's the way you manage your economy

Robert Kiyosaki is an awesome motivational speaker, he really can motivate people to learn more about money management and investing. Rich Dad, Poor Dad is a must read for everybody who wants to manage his own finances. He recommends to all of us to invest in ourselves and our future. In high-school or university we don't learn about money management, we have to do it in our own time. If you like his books I also recommend you check out his YouTube channel. He is doing 1 hour news shows where he talks about current issues and also invites famous guests to speak about investing. In his last show they spoke again how unprepared students are after graduating. Most of them having 100-250k USD in student loans and not being able to manage their first earned money. Universities are not preparing students for life.

Sometimes we will learn ways to see more clearly after our failures, which is good for the OP, but I think many people will find it difficult to see that when they are still immersed in their dreams. The dream of profit or loss has not ended. A perfect strategy is not something everyone can implement, and it is also recognized from the forerunners. Only when we really experience everything, will we have a more complete view of finding opportunities in the future. in this market as well as in life.

There comes learning after every failure in the cryptocurrency world. We can't get the result that we want here unless we'll deal with the market situation. The best thing that we can do is to accept losses and take lessons from them. Sometimes we only have to have the right mindset that crypto investment isn't a shortcut to success. It's a long journey that is full of lessons until we'll have the knowledge and courage to deal with every market situation.

It would be great if we could build a clear plan for the investment process in terms of capital management. This helps to reduce the possibility of risk. But after many years of investing in this market, I understand that losers just like me here make basic mistakes and need time to learn. And over time, we will do better with those lessons. Always think positively and tell yourself to make things better.

sometime a few things are worth not giving time and energy. Its better to learn from other people mistakes and do not indulge in those activities which are worth not your time and energy. better safe than sorry!

1.-
Point one is so basic and applies to the generality of life, it is incredible to think that someone cannot have correct capital management, in fact I believe that simple things such as having an austere life teach anyone, anyway if you having +18 but zero education and training, you will fail in any area of ​​life, managing your income correctly is a fundamental part of your personal and professional growth and in the consequent of the responsibilities acquired over the years.

2 and 3.
It is the problem with the crypto world, it is open to all like no other type of previous investment that has existed, that opening has caught many off guard.

3.
No! an investment has different probabilities of being successful, your bad results are defined based on that percentage of confidence that you gave it for the processed information, if the return is zero, no problem next investment, it is assumed that you have a banking management that assumes losses, even with zero return.

The "accept the losses" part is basically just saying that you are doing something wrong, but you are learning what that wrong thing was, and next time you are trading, you will not make that wrong thing. That is an awesome thing and if people could repeat that each time they make a mistake, a person who made a ton of loss would end up with a lot of profit in the long run.

I know that it is not going to be simple because you are making a loss in the end, which means that you are losing money and we do not have unlimited pockets, so we can't constantly make a loss and then expect to go on, we will be out of money after a while. But if we could break even, so make a loss, learn something, then recover that, then we can do this for a long time and be great at it in the future.

This has what happened to me as well. I have been in crypto for many many years now, and I didn't lose money at all. But, I could have been a multi-millionaire if I kept some stuff going on instead of selling and this is what I learned.

Even if you buy at 1 and sell at 2 and think you made a profit, it could be 100 the next few years and you will be in big shock, you could have made 100x instead of 2x if you just waited. I doubt I would get a chance for that much profit again, but I am not selling anything just because I am in profit or even when I am in big loss anymore. I just wait, and hope for the best. It has helped me make a bit more profit this way but I didn't take it, waiting for even more.

Would really be just common sense neither you would really be that avoiding or tending to engage a particular thing basing on what you are seeing because you could neither see if its worth or not.
Its true that it isnt necessary for you to experience those things first before you would avoid it in next time on which you could able to do it once you are aware since you had made out some
research or you've been fully aware on whats happening around which is really an advantage rather on having zero knowledge or awareness at all.Mistakes are there as always yet we dont start on being
a pro which does mean that we are really prone to that but not all would really be having that kind of mindset on how you would gonna handle up things along the way but its not really
that bad to have that kind of consideration on learning something in advance.

Many investors has learned from other people mistakes in the crypto market, that made them to become a professional profits making in the community. It will be very difficult for people to miss this opportunity this time around, because nobody what to sell in the market not to experience losses than to hold for the price to move higher before they can sell to experience profits in their Long term investment. I think, the price of coins will definitely increase higher before the end of next month because many coins price will definitely increase higher for both short term investors and long term investors to make a passive incomes.

Your own experience is invaluable, because only in this way can you learn the lesson best. Until a person himself loses money due to a long-term holding of a scam token, he will not begin to record a profit. Or until the trader loses money on a big dip, he won't put stops. At first, you think that you are smarter than others, but life takes such a price for lessons, and it’s good if these lessons are learned on time.

I can't dispute the fact that some lessons were best learned through experience, but it must not be a costly one that could wreck one down to a mess, now i begin to see the relevances of the subject economics being taught in schools as an important aspect that has it application in the later stage in life such as this, one of the mistakes many do is because they follows what others do without having a deeper conviction in person.

Mistakes are the best experience and learnings you could take.It is really just there are people who cant really just accept their errors or mistakes and tend to stop completely rather than on making learnings from it. Errors are stepping stones on which you would really be needing for it to be realized so that you could really make yourself a better investor or trader which you are aware on what
are the things that could possibly happen and comparing the knowledge when you are still newbie and that experienced ones then you could really see the big differences or significant changes.
Not all do end up on being positive though because it all matters on someones effort and perseverance on dealing up with things.

Actually if we can balance it would certainly be much better. What I mean is because we also can not only depend on the theory that is taught when we are in the learning stage, be it at school or college, because still theory will not work properly if it is not accompanied by good application and of course experience too. take effect.
But on the other hand, when we only rely on experience without a correct theory, it is also quite difficult now because we still have to learn something from some of the existing theories so that when we adopt the theory and combine it with experience, we feel clearly this will be better.

This is a problem because sometimes our expectations are too high which makes us unable to wake up and are still in the shadows of fantasies that don't stop, even though when we are aware of our capacity and don't have too high expectations, this is clearly a good thing to do.
But in fact, almost everyone has done this, even me when I first entered crypto, obviously my expectations were very high and thought it was easy to get big money, but my expectations like this were slowly broken by the fact that it didn't fit and the process didn't work as easy as imagined.

some mistakes are better avoided than learning from them because of the weight it may carries, that's why some prefer learning from others mistakes than theirs, while as for those that dont keep to learning or being corrected, it will surely cost them than it will benefit them.


you're right, that's why many go with the word that says experience is the perfect teacher, and is one of the easiest ways to knowledge acquisition, no matter how rich and educated a child is, he can never have the live experience of a grown up adult.

Today I learn again, of course we didn't think that today the market dropped again below $20k, of course this made us have to be wise and learn a lot, and if we are daily trading then selling immediately when we have 5% profit is a better thing than continuing to hold but the price returns drop.

UST was never meant to hold its peg. I'm convinced any investors in Luna were just hoping that it would hold out long enough for them to run away with their profits. It wasn't even worth diversifying into, let alone putting your entire net worth into an unstable alt.

The lesson of Luna was not to diversify, it was to not diversify into garbage alts. Any investor diversifying into Bitcoin is wise, any investor diversifying into alts like Luna or (insert next Luna-type project here) is a fool.

The problem with wrong overview with this kind of industry, thinking that it's easy to work on not realizing that due to volatility the market can quickly burned your investment, you will only realized things when you already suffered from that kind of losses but the good catch is when you learned it the hard way, you always have the chance to improve and enhance your opportunities,

giving you enough time to work on with your previous mistake and avoid doing things again and again.

Once you do gain experience then this is where you do make yourself improve or be better which means that you would really be already aware on what are the things that could happen in the market.Some might

quit entirely or directly on the time they had experienced unfortunate events but there are people who do pursue and continue despite of those errors which i could say that a must have behavior since
we are dealing with an unpredictable market which its understandable that learning would be needed or something crucial for you to mind off.

You cant learn if you wont be experiencing losses or mistakes or errors which i could say that its just normal because there's no such thing about being a perfect investor.

Of course, I got a lot of things from a bad initial step due to a lack of knowledge. You are right, many people still have curiosity but do not want to build their trade or investment, even better, they fall into the same hole. I definitely don't want that to happen. As much as possible, we should take important points from each process and failure makes us more mature in making decisions.

That is one of the basic of any investment you can win and you can loose .We are usually dealing with probability any thing can happen at any time one should only invest what he can afford to loose to stay on the safer side always.

But indeed this can be a good lesson. A person will understand more and be more careful when something he has has disappeared.
I have also been in a situation where I thought that here was something instant and easy but when the reality was different and I lost money in an instant then the mindset about crypto clearly had to change and this is what happens now when I lose. at least I can change and learn everything that is needed without getting carried away by emotions in the face of a downturn in crypto.
As many others have said, experience is a great teacher that is true but only for people who are willing to learn from mistakes.

Whatever happens to the market then we must be able to take lessons, and usually we will learn more if we lose, this is of course to make us always be active following the latest trends and developments, and to be a winner it takes sacrifice and learning without ever stopping .

Teaching about theory is very good but theory alone is not enough to live life and when in Crypto learning theory is also very important, therefore many people say it is important to continue to study in terms of momentum, market movement candles etc. But Theory alone will not have much effect because as said before because Theory sometimes will not run perfectly and sometimes there are some situations where we have to do things outside of Theory and here is the experience that determines.
We cannot be completely sure of either Theory and Experience because it is best to do both in balance.

True, not just in any investing, the from the start that we went to school and learn things, it's all theory and until we go out and practice it, we will never know.

I guess that's one part and parcel of life, we need to experience everything before we know how to react to it. And talking about crypto, those who have seen the lows or bearish cycle in 2018 should have learn their lessons already and know what to do right now. We keep preaching on others to invest, because that's what we should have done in 2018, but instead we didn't so we don't want to make the same mistakes again this bear market 2022.

Try to suggest what special lessons that can be learned by everyone when conditions are like now apart from persevering and being patient because these two things are supposed to be done. Sacrifice is another thing that everyone does voluntarily, but if a loss or losing in a trade is considered a sacrifice, for me it is not worth it because it happens by itself and not voluntarily.

That is how literally our life works not just about investing on cryptocurrencies, stocks, etc. Mistake can't be a mistake if you learned something from it. You experience those in order to grow. I've been in this crypto space since 2016 and my experiences already taught me a lot how to endure during this bear season. I don't care anymore about the fuds going lately and not panicking if cryptos dumps again, this is just normal if you've been here for some years now.

No doubt you are a professional trader who already has a lot of experience,
you certainly already know very well how to respond in various market conditions,
when the bear market is indeed we need to stay calm and don't panic because it will make us unable to think clearly and it will give birth to wrong decisions

Generally this should be the case, but at this point I rarely enter the market except to monitor Bitcoin prices and during the downturn, I do not sell any assets I own except only make purchases using the past USDT I have held. And if only I could sell before the decline like now occurs, then at this time there are several kinds of coins that I can buy using USDT, but unfortunately I didn't have time to sell my assets before the decline occurred.

You want to be on the safer side? Just buy and stack only Bitcoin. Altcoins are a lot more riskier investment than Bitcoin.
Projects could fail, or it could be a scam, or some unfortunate breech that would destroy the project.
But don't get me wrong, I'm not saying not to invest on altcoin totally, I only want to emphasize that when you're investing into altcoin, you'll never be on the safer side. You need boost your risk appetite instead, even though you have invested what you can afford to lose.

Whether it's in investing or in life, failure is mother's success. Failure is not the end, but the lesson is a preparation for a new beginning. We will ignore all the advice of those who have gone before us until we stumble upon ourselves, then we will truly understand.

Successful people in the crypto market must have failed a lot and they have turned them into lessons for success. To achieve success like theirs, we will also have to face challenges like theirs, no one succeeds without experiencing failures.

Basically it is a circle, most people call it a cycle but it is a circle basically. We get a bull run, we get a bear run, then we get a bull run, then bear then bull then bear. This goes on forever and will go on forever. The world can't make a profit forever, it is just not possible at all, and the world can't make a loss forever neither, it is impossible for people to get to a level where there is no money, it would create chaos.

So in the end, we are going to have to just live one bear and then one bull and repeat that circle forever. Right now we are in the bear run, or at least at the bottom of the bear run by the looks of it, then we will end up with a bull run for sure.

People who only fall for FOMO are those who are less knowledgeable and are motivated by greed, so good thing you didn't fall for that. Although there are still inevitable losses no matter how we invest with caution, but the fact that we become mature to handle all the uncertainties in crypto, investing in crypto particularly in times of market crash will always risky but you'll know you'll win if you remain strong and persistent until the market turns into bullish.

As OP mentioned you win or learn - - likewise some people come in your life as a blessing and some as lesson. Some incidents are life changing. While the others are serious lessons.. So one should be careful in dealing with everything.

If you're not ready to take a risk on investment then having the benefit is not worth deserving as well, the worst one could do is to assume investments made on altcoins as risk free, no any investor will like to loose his coins on just nothing that does not worth taking the risk and that's why most people play safe by investing only on bitcoin and avoiding other cryptocurrencies, having the mindset of either winning or loosing at first place doesn't mean everyone's can afford to manage running a loss.

I think everyone who goes into the crypto world must have been a FOMO, and in the end made us suffer losses. As long as we want to learn from
our mistakes, we should understand more about how to make a profit in the crypto world. Moreover, the crypto market is very volatile, this makes
it difficult for us to predict where the market will move. That's the importance of never giving up and never stop learning, moreover crypto trends
also change frequently. So really need patience in learning crypto, I even had to experience some losses, even to the point of losing large sums of
money to understand how the crypto world works. But if we never give up with all the failures that we experience, and keep trying to fix every
mistake we make. Then in the end success will come to us by itself.

Definitely, money management is very crucial every time we are doing investment, moreover investing in cryptocurrency. This will include the target price to take profits, how much to buy, how much to sell, and how much profits to gain. This is to avoid being greedy and to make ourselves ready for the amount to lose.
And because of bad money management, too, I also experience the same big losses  ;D
And exactly, there must be plan A, Plan B, and Plan C at least.

I do believe this as long as the coins that we are investing in are Bitcoin or top coins that will probably survive during this bearish. There are some coins that still have the opportunity to come back, but some other coins may be heading a difficult situation.

I don't think the two have to create a dilemma. Maybe it is not possible to learn while winning, but it is very possible to win while learning. Therefore, the main point may be the subject of education. Anyone who trades in financial markets - at least on a basic level - needs to do some reading on financial literacy... Also, I have no words for Luna and similar shitcoins. Those who buy this and similar coins will never learn. :)

This is why I always suggest coming back after a loss. I have seen a lot of people who quit crypto all together after they lost everything to Luna for example. That isn't a reason to leave, that is a reason to stay even longer. Because, you already lost your money to Luna once, you will be much more careful about that not happening to you again.

This is why we should be focusing on getting back on the horse after we fall. If you ever rode a horse, you know that you can't become a great horse rider without ever falling from it. This is why if you lost your money in crypto, that is great news, of course everyone would prefer if they never did, but that is impossible.

Learning has no age and limit. This also applies to the cryptocurrency market. Therefore, you learn something new in every transaction you make. It should not be divided into winning or learning. When you win, you learn new things. But of course, you learn a lesson when you lose the most. So never get offended by the game when you lose. Always focus on doing better.

Always find ways to learn in whatever outcome take place when you trade, it will help you to move forward and not to dwell with mistakes that you commit, and also, with good anticipation on your next entry, it will possible that you will have different outcome, Win or lose as long as you find ways to accumulate good knowledge upon, your chance of success is far better.

It's your own path that you are directing better to start from small steps and learn things one by one and not to rush things up.

Losing small money then learn is better than jumping into conclusion and burned huge amount of your capital.

What the author of the topic described is not something unique or surprising. Let's be honest - which of you started working with crypto in 2017, had a financial education, studied financial and investment management? Personally, I had a basic institute courses in economics, and separate courses in entrepreneurship. I can’t say that I had the same result as the author, rather, on the contrary, I earned well, but ... I didn’t manage to fix everything and turn it into liquid things. I only managed to buy ... what I planned to buy for the last 2-3 years, and set aside a certain amount as a "financial pillow". It took about 50% of what I earned in 2017. And the second 50% of what we managed to earn eventually turned into ... about 5% -10% :)
No, this is also money, but - not received or, more correctly, profit that was not fixed IN TIME, turned out to be quite significant. This was an excellent lesson, and prompted to study more deeply similar assets, the investment market and speculation. Once again I was convinced that a negative experience is the most useful and memorable! :)
I recommend everyone to study the subject matter, read specialized materials, communicate on topics of interest, and constantly develop. This will be the key to a secure and quality life not only for you, but also for your families.

Life is a real challenge - every day you learn new thing and then you make promises that you will not make those mistakes in your life ever again and then you do the same mistakes again. I am not very strict with my rules.... and I keep on making mistakes all the time - learning and learning through out my life and not getting the lessons.

There's no such thing about pinnacle of knowledge and its true that this living on this world does give out that never ending kind of learning on everything which doesnt only limit out on investment
but also in everything we do encounter on life which does really need awareness and knowledge for you to be able to go on living without any problems since you could really get a good grip out of it.
You would definitely learn up on any mistakes that you do because thats how things works.You cant just be directly to be professional or experienced on everything which means that
you would really be experiencing errors or mistakes but after that you would eventually learn and you would know on things that you could encounter on next time.

So in summary, I think what you are trying to say is that these are the lesson you learnt from the best selling money management book "Rich Dad Poor Dad" written by Robert T. Kiyosaki. Because I ones read it, and to be frankly speaking it actually changed the way I thought about money, used money and handled money ever since that moment. It is a book anyone who seems to unlock the untold truth about money needs to go grab, and I am sure you will definitely thank me later.

I don't really get it like you win or you learn. Does failure really attract learning? Is failure attached to learning? We all need to learn not looking at it whether we are young or aged. Learning should come to us everyday and if we think of winning without learning then most time it doesn't works. Learning should be a daily interest and it should keep going.

It depends on what type of learning you are referring to. We can learn a lot of things by reading books or watching tutorials but when we need to work on those things by ourselves it won't give us the same output. This happens most of the time because we lack any experience. So when you are doing something by yourself you will make mistakes and understand why that happens and how to overcome that. So there is not anything called a failure here if you think this way. Either your attempts will be successful or your mistakes will teach you how to be successful next time. Failuer is just a word.

depends on the mindset of people - most of the time - - people have strong nerves and they get right back up after a failure.
But some get disappointed and loose all the hope. In both the case. Life goes on! one should get out of the trauma the sooner the better.

This is why in the crypto market, either you win or lose in trading or investing, the result will still be worth it. Because if you think you lose your funds, that mistake also teaches you and leaves a good lesson to learn, which i think will be a good motivation to improve yourself and not to do the same mistake again  because for sure you will gain the same result. So definitely, there is still a win-win scenario that takes place. And while you chase for profits but still end up with some mistakes, i think that's also part of learning in crypto.

Not in crypto world but also in all phases of life we are so learning good or bad lessons.
Be it gambling - our personal or professional life decisions we are always learning. Life is so unpredictable and so is gambling so your have be extra care in each bet.

All phases in life indeed and not only limited on gambling but also in other aspects where failures do make out that learning so that you would really be making yourself more better compared back into the past or when you are just starting on what you are engaging on.Not all would really be having that kind of mindset since they do directly quit when experiencing unfortunate events but this isnt something that should
really make yourself to do so because its part of the learning process.

You do win or make profits but mistakes and errors is something that cant really be removed or avoid on thats why always presume about those probabilities or chances because
it cant really be that simple on dealing specially if it do touches on investing and specially with gambling which we know that winning is really in lowest chance or odds specially for
long term aspect.

Very nicely stated. We are always learning - at every step of our life. I know a person who is 82 years old. And he mentions - that he still makes mistake - God know when he will learn not to be fooled by other. Every time we meet a different juggler in our lives - in professional and personal life both. The only thing we can do is not to trust anyone blindly.

If you are capable of learning, then yes even losing is not a big deal, but how many people could actually do that? I personally hope that the best thing we could do about crypto is just buying as much as we can afford and just keep DCA your way into wealth. Anything about that seems like a trouble. Why would I need to "learn" something when I make a mistake? Why would I make a mistake? Just buy, keep on buying, buy each month, and then when you are old be elon musk, thats it. Why do something more than that? Never made any sense to me that people are so fired up about making some profit on trading.

Trading when fomo on coin occurs has a very big risk, especially if we lack information about the coin so that we can buy or sell coins at the wrong time so that we get big losses, in the case of Luna for example there I think there must be a lot of people who suffered a big loss due to following the FOMO flow at that time because he thought Luna would recover quickly because of the problem without changing the coin status, but what happened was quite the opposite. So it all can indeed be an expensive lesson.

Luna was disaster - my two friend lost confidence over coins after they have see the LUNA faith.
They wished they would not have wasted their money in LUNA and keeps on telling everyone not to invest in coins. However there are other people who are happy investors in coins.

I see youtube channels (Brazilian channels) encouraging people to buy this altcoin because they still believe it can recover, something sad because it seems that most people didn't understand the seriousness of the situation, the guys from luna can still face judicial proceedings or it could still be hiding more things that would make the price drop even further. but to my shock luna became Terra Classic ( LUNC ), honestly, I thought that the creators of the project would be ashamed of themselves and close the project, but they went to create another shitcoin (they changed the name) and the price did not go up, unlike the project looks dead

I've seen many people in the group I belong to suffered massive losses from the sudden unexpected dump of luna. Unfortunately, some of them lost so much beyond what they can afford just because of the hype coming from the mainstream media. This is why it's important to know something before investing to avoid regrets and losses.

Investing because of the hype and fear of missing out might cost you a lot if the odds won't be on your side. Which oftentimes happen because that's how the market moves. Sudden fluctuations happen then and there so you must know how to read the trend and do technical analysis not only lucky guessing.

Learn to win, no one succeeds without learning and failing a few times.

Even a novice who does not need to learn may succeed, but luck only comes once or twice in a lifetime, and no one can remain lucky for a lifetime. The key to helping us win on all fronts is to keep learning and learning more in order to keep improving.

No need to rush, remember one thing as long as the market is still there, the opportunity will still come to us. Don't let when the opportunity comes, we don't have money to catch it, stay calm and patient, the opportunity will definitely come.

Most such cases are experienced by beginners, they just want to win without having enough knowledge and hype is a trap for them. In this industrial world, it is very necessary to learn first before heading to success and victory.
like those who have been in this industry for a long time because they must have tasted sweet, salty, sour and even bitter who always do research before doing hype or other actions.
but what happens to beginners will be a lesson for them because victory will not be easy to achieve without having sufficient knowledge which they will later learn.

You only made a loss if you actually sold your crypto currencies. As long as you are holding your coins your positions might be red, but you didn't realise any of these losses. As a long term crypto investor there is no real point in marking your positions to the current market price everyday. This is only helpful for traders who quickly buy and sell their positions. Right now we are in a bear market that affects all the major asset classes, even the top stock are down more than 40% YTD. The best we can do is hold out and not give into the panic selling.


I agree with you that money management is very important in trading and investing, it gives us discipline and more control over our income and plans our spare money in advance to create an investment plan. A good money management strategy not only focuses on the income but also on the expenses each month. For me it helped a lot to budget my monthly bills and expenses and categorise them into necessary and unnecessary. Only with full control over our finances we a have the chance to quickly react when the market is entering the next bull market.

Very practical, if you lose better to learn and continue to enhance your knowledge, if you win try to continue improving your winning strategy and not to stop learning new process, adjustment and lots of doing your research is a key factor to keep succeeding, there are many strategy and path that you can follow while you are still in the process, even experienced traders are not stuck with one strategy they are changing patterns from each market conditions.

You just need to allow yourself to move forward and learn things that are important to your investment/trading business.

Discipline in managing finances is very important for long term success. Also it is important to buy in dips and hold till the peaks. Keep yor strategy clear and always research well before investing. Experience teaches us a lot. Learn from mistakes of past. Take calculated risk and put your money in circulation.

Some people do look and learn on others past mistakes or current ones which for them to be aware on whats happening around.I can say it would neither be useful or not because there are indeed instances on which

you are the ones who in need to experience before you could actually learnt up but its not bad to make out some advancement or making  yourself aware on particular conditions which you could actually make yourself able to avoid or somewhat making yourself a little bit more advanced in terms of awareness and learnings.

Mistakes and errors are common yet just like on what most people been saying that these are key steps for you to make yourself improved and more better
on what you are currently engaging on.

Life is lesson - everyday you learn from your mistakes and prepare yourself to learn from the next mistake.
Gambling is no exception. You are happy or your are depressed - there is no middle line - the only thing you can control is your attitude. Being vigilant won't hurt.

In trading,we win or learn is happening,their won’t be the option by the name of the failure.Because every failure teach us how to concentrate on the failure.Sometimes the more potential people like to had a failure in his life.Or else they won’t consider about the phenomenon of victory.It’s apply to the trading,we have to learn trading with knowledge.At the period of 6 months,you will be successful traders.But patience was needed one for the long term trading.

If we are afraid of failure and end up choosing more silence and doing nothing, it will only make us a failure. All successful people in this world
all must have gone through many failures and made many mistakes in their lives. That is what will ultimately make people successful, because
successful people are people who fix every mistake they make. This applies to investing and trading too, so don't be afraid to try new strategies,
if we fail we must learn from the failure. I agree we must start to control and improve our attitude in the face of failure, if we don't give up and
try to correct every mistake we make carefully. Then finally success will come by itself. Don't be lazy to keep learning to fix our mistakes,
people who work hard to continue to learn, then their lives will be better and can eventually become successful people.

Perhaps it is more interesting and more fun to live this way, but I try not to repeat the mistakes :) it is remembered much more often, and more often it protects us from repeated wrong steps. On the other hand, if you live 40-50 years without a negative experience, then a minimal problem will simply kill such a person. It's like falling in childhood - we remember that falling is painful, bumps, abrasions, blood. And each time we try to better control our movement, because otherwise we will get pain again. Here, the truth is an example from physical experiences, financial losses are mental anguish :)

Every second day I make the same mistake and think that I am not going to make the same mistake. And I do it again.
Life is a lesson every second day - but I wish and hope that God do not put me in the test which I am unable to bear.

Maybe yes and maybe no, 6 moths is decent enough to learn if you are keen in learning the business. But it's not a guarantee

that all can learn trading in that time durations, there are also trading aspirant who spend years but ended up losing more money

than learning the process. It's really hard to predict the market especially from a crypto that have a huge volatile activities.

For us to win then we have to prepare our mindset to learn everything. We need to work towards what we want and learn along to avoid failures and regret later on. Winning comes after we have learnt the necessary things that will make us success. The wise men will always learn from the foolish ones to active fast when such an occasion come to their way. Working towards our goal need pure learning from either reading a book or learning from real people.

Life teaches us lesson every other day. And yet we make the same mistake again and again.   
This is correct we win or we learn. But not everyone has the courage to stand right up after they lose the game. HOwever - one should be prepared for the good and be ready for the worse.