Bitcoin Forum

I went over more than 250 comments of people saying what they learned from investing in crypto
Here are a few comments that I saved to my self and I thought it will be useful to share it with the community:

- Only invest what you can afford to lose.

- Don’t be afraid to throw a little spare change into the occasional moonshot.

- Don't invest it all at once, do it in stages.

- Educate yourself on how wallets work and preferably get some hardware wallet, Not your keys not your funds.

- Don't expect that the coin with best fundamentals will bring the best gains. People don't care about fundamentals, they don't care about tech. They buy the hype and the coin with most announcements of announcements.

- Patience is so undervalued. And never chase pumps.

- Not selling when you're up 40x is literally retarded (obvious, but learned the hard way).

- Waiting for a buy-in price you like is better than settling for a price you know is too high.

- Don't invest anything significant in random low cap projects, even if you like them. Always approach low cap projects like you would some shady penny stock and expect that anything you invest could be lost in the blink of an eye.

- The Mt Gox price crash taught me patience and if in doubt, just wait and HODL

- The bull market makes you feel like a genius because every coin you buy goes up, but only the subsequent bear market will show which of your picks were actually solid.

- Adoption doesn't happen as quickly as most people think.

- Market cycles are a real thing, it's good to understand them.

- Don't listen to people who brag about some quick gains they made by chasing some pump - most of them will get rekt sooner or later and silently disappear.

- Short term swing trades are harder to pull off than they may appear. The short term market fluctuations are often irrational.

- It's much safer to play the long game: DCA buys around the bottom, hold patiently until the end of this market cycle and then DCA sell around the top.

- Don't leave money on exchanges. Even the biggest exchange can get hacked.

- Double check that you wrote down all seeds, passwords and 2FA codes properly and keep them in a safe space (Evernote or any other cloud space are not a safe space for your seed).

- Don't forget about taxes. Every trade, even crypto-to-crypto is a taxable event (in most jurisdictions). This can add up quickly. Make sure to document every trade.

- Even with all that hype in 2017/2018, it's not too late to join this game and make profits. We are still early on.

- ⁠never sell your whole stack

- never trade with your whole stack. not your keys, not your crypto

I gathered all these comments from this post:
https://www.reddit.com/r/CryptoCurrency/comments/bwojdm/what_have_you_learnt_since_first_investing_into/

Nice works. Some of them I strongly disagree and some I strongly agree. Here is the list and the answers to those

"Don't expect that the coin with best fundamentals will bring the best gains. People don't care about fundamentals, they don't care about tech. They buy the hype and the coin with most announcements of announcements".

But, these are the coins that outperform the market expectation in long term. If you are a HODLer than these are the coins to invest.

"Don't invest anything significant in random low cap projects, even if you like them. Always approach low cap projects like you would some shady penny stock and expect that anything you invest could be lost in the blink of an eye"

This is not true always Bounty0x (BNTY), Latoken are some of the successful lowcap projects.

"The bull market makes you feel like a genius because every coin you buy goes up, but only the subsequent bear market will show which of your picks were actually solid"

Absolutely correct, if you had invested in crypto mid of 2017 then 2018 was the time when you had known which of those were actually solid projects.

"Even with all that hype in 2017/2018, it's not too late to join this game and make profits. We are still early on"

If you had entered the market in March of 2019, by now you would have made a decent amount of profit. It is never too late to enter.

Patience is the goal, if you want to achieve success in Cryptocurrency.

This I qouted is the one i strongly agree,everything is right at this I know some people who are actualy countering all this and ended up being so poor he even sold the fruits of his hardwork from the past years.A newbie should read this article to get some infos on where should focus while learning about crypto trading.This helps alot

I also learned of this truth the hard way when I realized that it is already too late to sell certain tokens which I kept from bounties. Now, the value of them can be laughable compared at their highest in 2017 and 2018. I should have sold them when they pumped hard and get converted to either Bitcoin or Ethereum which are proven to be the most stable cryptocurrencies for me. Of course, now I know how to deal with the same situation again....next time it will definitely be SELL.

I honestly believe in all of these. My perspective and my belief in crypto have changed in time. These are the lessons that we could learn through our experiences here in crypto. All in all, we should also realize that there's no shortcut to success. Everything could be earned through perseverance and hard work.

We have all been there. For example, I decided to HODL Spectre coin which I received through my bounty and fell so badly that I ended up selling it for a couple of dollars. There is no perfect strategy in this market.

Did you really need to quote the entire wall of text just to state your point? I agree with majority of the points that op mentioned, but I disagree with some of them. For example, it is alright to go all in sometimes since high risk = high reward in certain cases.

If you're just going to copy-paste it'd probably be a good idea for you to include the source: https://www.reddit.com/r/CryptoCurrency/comments/bwojdm/what_have_you_learnt_since_first_investing_into/

When I said that I read the comments It was from there.

I didn't claim that the content is mine.

I will add the source to the article

But the summarize of all the comments from there is something I arranged by my self (I'm gathering trading tips for the upcoming bull market)

Anyhow thank you for reminding it

I added the source

The market has been through a lot and we have learned a lot from it as time passes by. Through mistakes and lapses, we're able to trade and invest with better and firm decisions. I agree with the comments listed above. We could all learn it through experiences and apply those learnings when we're doing actual trading and investing.

Most holders learned from this mistake, thinking that the value will rise more instead of taking the advantage of selling and enjoying the profits,
realizing and learning will bring good contributions to your next journey around crypto trading.

You've found 250 comments on this topic. But I'm sure there's so much more. What is important is that you can apply these comments? Everybody faces different problems, different solutions. For this reason, everyone should create their own investment strategy. Those who formulate this strategy can make money in a way. At least I don't think they lose.

I agree on most of them but I think we all have different opinion or strategy when it comes to investment.
Other wants to make it slowly but surely then there are some who are risk taker who would try the risky investment just to get a high profit.

this is very true in the altcoin market unfortunately.
but you have to be very careful about this because this comment is talking about the pump and dumps aka the manipulation in the altcoin market and we all know that manipulation is not something you could rely on. it is a very dangerous thing to get involved in too although the profits may seem high due to the massive pumps that happen in altcoins.

Most of them are true and base on the experience of those who wrote them.
And we all know that experience is the best teacher so for me all of those comments are true.
And we should learn from it so we wouldn't also do their mistakes .

Nice collection of some golden rules for investing in crypto market. These rules are derived from someone's real life experience. If one follows all these rules he/she can earn good profit in crypto market. The sad part is most of the investors do not follow such rules and go or investing based on other's recommendations which most of the time bring loss to them. No doubt that market behaves dynamically,everytime there is different situation , one needs to understand the market cycle before investing.

Most of the comments, I can relate but this one really hits me :


I learned this lesson in a really hard way. This happened during the 2017 pump, now I am wiser.

Always take every failure a lesson and a stepping stone. Crypto is still very young, there are still too many to learn and too much to earn.

Very good summary, hopefully it helps for all of us are just learning to invest in crypto. the most important is the first point "Only invest what you can afford to lose", the best investment we must think of other aspects that is lose.

Good work OP but what nobody won't tell you to be the successful investor is you need to be different, be the person that's ready to take some risk and fyi what works or worked for others might not work for you. Try find your recipe of success.

Just so you know, everyone needs the basics to survive investing in crypto, which is also my number one guide "Always do your due diligence" and you will never go wrong.

The thing with Bitcoin is this, you have to experience these things for yourself and take what you can get from other people's failures and mistakes to prevent yourself from making those mistakes.

I find doing these things on your own and sometimes even bumping your own head, helps to build you and mould you to prepare you for the more complex things to come. Enjoy the journey and the ride.  :P

what i see from your post is copy paste. you don't summarize them, you just cut and paste words from one, two, or more post. even the wording is 100% similar.

here's the original post from your 'source':



all taken from https://www.reddit.com/r/CryptoCurrency/comments/bwojdm/what_have_you_learnt_since_first_investing_into/

Hey this is pure gold, or BTC  ;D
I agree with all, and should be read by every person who want to buy cryptos and learn about

But I have to say, there is some statments that you'll only learn with practice

Yeah, you are right that it's not right to call it summarising, which is probably why the original post was edited accordingly. Even with the text belonging to other people, I think it's a great deal of work to go through 200+ comments and choose the most important ones. Some of these pieces of advice are more relevant than others, but the overall list seems not so bad.  Even though many rules can seem simple, people often make mistakes with easy things, so sometimes it's the basics we have to be reminded of, like not being greedy and not investing more that we afford to lose.

Crypto to crypto exchanges are not taxed. How? Cryptois issued by people to other people not by the government. There is no tax to pay. I wish people stop this. It's like you enjoy paying tax. If you a big believer in tax then by all means use fiat.

I was thinking of giving you a merit but im not sure of this is a copy taste and I was once fooled before and was annoyed for giving merits for a copy paste. I won't let it happen again.

Good compilations the community can use this as a guide at different occasions if Buffet has his own set of quotes that his followers can use, it's about that we should have our own too, this is a big help for newbies who will just come in to invest in cryptocurrency.

I must say you have done a nice detailed analysis of common statements associated with investing in crypto. Some are entirely true while some are not. For me I hold the following dearly as my crypto investment principles

1. Never invest what you can't afford to loose

2. Don't hold blindly without any actions

3. Don't bring your emotions into crypto

4. Don't fall in love with your bags

5. Know when to sell and when to buy

6. Never catch a falling knife.

Those comments are really true and experienced a lot of them as well. But this one struck me the most - "- Not selling when you're up 40x is literally retarded (obvious, but learned the hard way)."  If a holder doesn't sell yet at this point, then, it is called greed.  :P I might do that also if I see that coin is still continuously rising. LOL

I like these statements about cryptocurreny you have pointed out because I think atleast everyone who has been apart of it and have invested in it has heard one of those phrases atleast once in their lifetime.
Unfortunately I havent taken heed in these ones: - Don't invest it all at once, do it in stages and - Only invest what you can afford to lose. ~ as I dont have any crypto to show for the decisions I have made within my cryptolife. :-[

You need a lot of courage to invest in crypto. It is all about taking risks and being ready to face the consequences that comes with the risk taking. Don't invest too Mich and don't be carried away by the sharp increase in the price of a coin.

No it's not always greed. Some people don't sell even when they're up 400x because they don't need fiat and they are not traders.

Some people believe in crypto and want to spend it. They don't want to exchange and have to pay taxes on their crypto. They don't want to be spied on by government ass kissers like coinbase. They prefer to be paid in crypto pay other people in crypto give friends and family crypto gifts and hold for the better future!

All of them are correct. I'd like to highlight that leaving your funds on exchange which is absolutely right. Never ever leave large sums of crypto on exchanges these days because hacking is hot and it happens almost everywhere.

Same goes for the first comment, leave the funds on exchange that you afford to lose. I know it is hassle if you will keep on transferring from time to time (exchange <-> wallet) but it's better to pay the fees just to be secured with your funds.

This topic used to be pinned in the newbies/beginners section:

Trust No One (https://bitcointalk.org/index.php?topic=33835.0)

When I said summarized I meant that I took the answers I liked the most.
I gave credit to the source

If you're looking to spread some negativity here go ahead

it depends on what they are holding and not selling.
if it is something that they have actually analyzed and came to the conclusion that it has a true long term potential of growth so they made an "investment" then it is more than fine to keep holding it and not selling and you are correct, that is not greed, that is planning. like bitcoin.

but if it is some altcoin they are bag holding without any analysis and just based on what the social media pumpers told them about some fake potential and just because they hope the price goes up, then it is obviously greed and stupidity combined. this won't end well for them ever.