Bitcoin Forum

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

I was only rekt once in ICO and now, I don't want to make mistake by jumping on every hype in the market. Yes, it is true that the possibility to gain good profits is there, but that is, if you got lucky of the coin that you bought. If not, high percentage that you will lose your funds if you follow the bandwagon. I prefer to keep my portfolio with established coins like btc, eth and bnb. I have even have some TRX as well. I already learned my lesson so I don't want to duplicate my mistake.

i made it on uniswap exchanges, many group disccuss to token that i bought . I am suffer some loss at that moment but i am lucky not long after this i got uniswap airdrop. I dont know its big mistake by buying wrong token or be my lucky due uniswap airdrop that i am never thinking before.  maybe alot traders have same situation with me at that moment , from loss trade become profit trade.

That literally is the definition of greed.  If something is too good to be true or you know will end up in the garbage why even start to buy it?  I mean there are always those times when you miss massive profits but for the most time you end up wasting a lot in losses

My choice of investment were with some ico tokens. Those happened during my early days into cryptocurrency usage. Myself received as bounties, but I missed the opportunity selling at the wrong time. Unworthy projects that grew good during the bull trend, but I expected more out of it and kept hold of the same. This finally resulted in massive loss of my rewards. Few of my holdings got delisted from exchanges.

Sometimes we made a mistakes consciously but our ego still speculating that we will have a decent profit if we continue it. This is a common problem for cryptocurrency investors, some of them are buying shitcoins not because they don't know those are shitcoins, but just speculation that they will have a quick profit and get out at the right time.

Of course, one of them is being tempted by the huge profits of meme tokens, then betting to buy them hoping the price will go up again, but what happens is just the opposite, the price continues to fall.
the second mistake that I made several times was joining project funding (token sale) which in my analysis this project was not good, but some of my friends joined and believed the project was pretty good, I finally joined because my friends joined, then after the tokens are traded on the market, the price goes down.

I just experienced this incident a few months ago, a short story from friends that there is one coin that has good prospects for next month, but what happens is that the coin has not moved at all in the market until now.

I bought a lot of shiba coins yesterday, many people said that next month this coin has good potential, so I decided to buy it, but what happened was the opposite, this coin did not have good potential in the following month, after that I tried to find other information in various media.

How surprising, people assume only based on their thoughts, not through proper analysis, this coin has potential in the next year not next month, meaning we are wrong in trusting people without analyzing the coin ourselves, this is an important student for us to understand in the future.

I guess everyone has, it's a norm if you spend some time in the altcoins market. Most times why you can't back out now is because you have invested some much time and effort including capital into believing in that project but the market isn't been in your favor. I remember buying a project ones doing the whole Defi hype few months back probably last year but can't remember.

Initially the coin was doing so well then it began dropping. I could sell out but kept trading my already invested capital with the goal of achieve more tokens. I was able to trade and increase my holdings from 5,000 token to around 10k plus tokens. Note this wasn't the dollar value. The dollars value however was steadily declining but I couldn't stop hoping it'll recover and kept trading for more token.

When the defi projects started recovering, I did make back my initial invested capital, all because I now had more tokens than I previously owned and didn't have to wait for the token to go back to its previous high before I could make profit. I guess it'll just me been lucky (prepared), now the token has gone back down.

I had such a situation in June-July. After one successful defi-project I started looking for new ones. But after some failures I should have understood that this sphere was dying, I mean that people didn’t invest in them, as a result, devaluation of native tokens. But I tried several times more, resulting in big losses. Now I understand that it is better not to invest in something that was too popular earlier.

You're responsible on your every action and if you think you are doing the things wrong, better to address that as early as possible or else you'll keep on losing money. If you think you are making a mistake, correct it right away and don't do the same mistakes again.

Yes, buying a shit project is a big stress to you even if you have the chance to make money in short term, I'd rather play long for that. Don't get hyped by anyone, this is already proven and tested that after the hype, that project will die slowly.

My some friends keep buying new launch meme coins regularly and they took a risk by buying such coins but sometimes he makes good money sometimes loss as well but overall they are in loss but they are still enticed to invest in such meme coins because some people show and chat in telegram groups that they earn 50x, 100x like this so I would say they are trapped by such traders who always show they are in huge profit But the wise trader always knows what is good for him and what is not So I would say be smart and do not entice by others earning.

There are a lot of shitcoins and I thought if I had invested in the beginning then I would have sold them at the price I wanted, I had YANU coins on the Exsmarket exchange and at that time the project looked good because they used the tokens to fuel buying drinks and machines product, on finally the project does not use the token and until now there has been no latest news from the project about the token

Never lost 60% in just 2 days.
My advice: for beginners, it is better to learn technical and fundamental analysis first.
Never dive right in before learning properly.
Trading is a means of moving money from less intelligent people to smarter people.

I was passively making a mistake back in 2017 when I bought some tokens of seemingly promising project. I cannot quite recall what coin was it, but I forgot that I was holding that token for almost 2-3 years and I was "almost" too late to get the profits out of that coins because it started to go flat already in the charts after the dumps that happened after the project went out to their exchange which was EtherDelta.

Few months ago, i bought 1 shitcoin and make 2x profits in 2 days. Getting inspiration from it for short term HYPE, i invested in another two shitcoins and finally faced 2x lossess which means my capital went down below my initial investment. Now, i only trade in a project which has been making good progress, partnerships, active and cooperative group.

lol it happens to me often, i always buy shitcoin which even though i know it has a very high risk which can cause rugpull
I have bought Vancat, safemoon, safemars and other shitcoins

Short term investors take such kind of risk very much often and its like do or die decision so either you will make big or completely lose your capital. While smart investors take such kind of investments with multiple coins so if one fail then other one makes up for it and importantly exit at the right time is much needed or else you will get rekt and go bankrupt.

Going down memory lane, I would start from the days of ICO, it was a different case altogether because you can hardly tell which one will be good, there are even some that looked very serious only for the team to list on a bad exchange, price dumped and they left the project. Some don't even bothered to list on any exchange, just delayed listing with the excuse of working on their products and just like that, telegram group was muted or deleted and nothing was heard again. Although IEO corrected the issue to an extent but it was a bit better with IEO.  
Now there are many shit coins flying around using the basis of others which pumped heavily, that is for example, a lot now add the name of successful tokens to theirs in order to attract attention and you will just wonder their aim actually; today you see projects adding CAKE, DOGE, SHIBA, etc to their name. Tried once and it ended badly, so I learnt from it and moved on.

If you buy coins on a private or seed round, then your chances of getting a profit increase many times compared to those who buy on a public sale round. And even when a coin is traded after TGE at a price that is lower than when it is publicly sold, early investors usually make a profit because they bought coins at a lower price. But in any case, it is necessary to carefully choose a project for investment.

I think not only me, because staking coins is already trend in past and the coin named 10K coin is really hyped. I bought it and start to stake it, price keep dumped and i keep staking it hope my rewards from staking can cover it and then, it ends with 1 satoshi price from maybe aroung 10000+ satoshi price.

Well, that's an example of riding the hype. Take advantage of the pump and get a short term profit.
It's not a mistake by the way, that's something similar to gambling. You're taking the risk, just to get a good profit in a short period of time.
There were actually a lot of investors doing like that. Perfect example was the ICO hype in 2017, and now the NFT games hype. A lot of NFT games has been popping out everywhere in the internet today and it requires huge amount of investments. Some of them were sketchy but people are taking the risks.

I also made such a stupid mistake a few weeks ago but i did not buy some sh*t coin i sold one. Back in 2017 i was part of a signature campaign for a long time that gave me a lot of coins from a certain project. During the bullrun in 2018 they were worth more than 100k $ but of course i did not sell back then which was my first mistake. Then i hodled the coins until april or may this year meanwhile the price went down like 99%. Then i needed some stable coins for a pre-sale that i wanted to join and i thought about those coins. I knew that i shouldn't have sold them back then but i was like "they won't go higher again anyway" and i sold all my coins for 3k$. Then only a few weeks after that the price of the coins made a x10 which means i could have made 30k instead of 3k with them.
So i hodled them for a few years but then sold them only 2 weeks to early  :-\

I bought a quality coin but I ran after a big imo with YGG coin with my friends. I couldn't control my behavior, I realized it was all taken in 45s with 32 bulls with 12M$. When I realized became a puppet. Lol, the mistake I was most bitter about.

The attraction of quick money is very strong and this issue will keep re-occurs! Most of the time,  we walk in to a mistake with our eyes open!  Everyone with some experience in Cryptocurrency knows the solid coin which are bitcoin, ethereum  etc.  But the game of playing shitcoin is exhilarating.  I think all we need is patience  and we can achieve our dream!

Yes did it once and never repeated myself with that kind of shit. This was around 2017-2018, the project name was TowerX and had do something related to CRM module. They also launched their own exchanger and listed some coins on the same.
Things were so perfect and as per their roadmap, I followed every update and also got involved into their social marketing campaigns. Got few thousand to million coins when the price was very shitty for the coin. (From pre-ICO to ICO + campaigns). Initially the price was around 10 cents, then they promised to launch the coin with minimum price of $1.

They also followed that promise but it was dumped heavily resulting to price worth $0.001 - $0.03 something.

I was so happy initially and due to my emotional attachment with the project I kept buying more and more coins as they were cheap also. But it was worst mistake as investor. Even go crazy today when see that project.  ::)

you have good determination. and indeed everyone new to crypto should be like you.
many carelessly put their large sums of money in their first investments in the crypto market. and losing it all is clearly the greatest possibility.
what most people don't know when we fail with one asset in the crypto market then many other assets have better potential. we can return our capital that way. you've done a good way.

The only way you learn from your mistakes is by failing and then doing something different until you get it right that is the only way.

Not encountered with some situations like this because not a big fan of any shitcoins in the market but if i know before hand that i am going to make a mistake then doing it still is not mistake rather i would term it stupidity not being rude but just straight forward in my words.I have made some past unintentional mistakes like buying some coins in the hype some years back but learning from your past mistakes and don't repeat them afterwards make you one level above all those newbies in market.

You do not know that you are making a mistake who knows they are making a mistake but still invests anyway? That is stupid and I do not believe anyone is stupid enough to do that including newbies.

In my humble opinion this is a lesson learn in a hard way but what is important is you learn from your mistake. Sometimes we take chances hoping for a good profit but on the other hand it turns out to be a great loss.

but after that, if we take the most valuable value from the failures that we experience course we will become better traders or investors in the future.
No professional trader suddenly succeeds without experiencing a loss and a mistake.
we will all go through that moment. but it depends on how we will apply the attitude. want to continue or stop with a loss.

This kind of scenario can be related to real life or love, making mistakes multiple times is not already good, 1 or twice is better but more than? I don't think so, it's like in love life, you still love someone who cheated on your multiple times? You will forgive the person multiple times?

Well, in this case, money is involved, money is important especially if you earned it in the hard way, you worked for it, so making mistakes multiple times with money involved is not good.

This is a big dilemma for investors the projects look good with potential but it's not yet time for the project to get realized its potential, investors should know to let go and let go at the right time, the hardest thing is letting on because you have to cut your losses, only Bitcoin and those on the top 10 are worthy to be kept in the portfolio.

the main choice is bitcoin and the rest is eth and bnb, all three are included in the main choice to invest. while others I think only use part of the quota to invest. that way we will minimize risk as long as we are willing to be patient until we wait for the next bullrun to occur. sometimes people just invest in new projects with big hopes, but they don't think about the risks

I've never bought i shitcoin. But i withdrawed my coins couple of times and after that it was going even higher. I had this situation with LTC and ETH. From those times i know that i must HODL.

I have bought shitcoins many times but I always got the loss, because I always took entry at the wrong time ;D. Now I have understood that shitcoins are waste of time as well as money now I will not invest a penny in shitcoins and I suggest you to don't invest in these.

I made a mistake invest in ICO and bought Shitcoin just because of the fomo and did not understand the projects I invested.I even actually know the high risk is more posible but I keep continuing until finally when they listing in market the price is like trash. As a newbie who has absolutely no experience this made a very extraordinary lesson. Even I have also invested in Ponzi which we know that they have a pyramid scheme. I know very well what is ponzi but I still can't control myself. But now I become a better person, all bad experiences I take it as lesson

Feels like things that happen to those who lack self control. It's kind of problems alcohol/drug addicts go through. You know what is right/good but you can't do it even when you want to.
Evil have control over the body...The body needs to be cleaned/disciplined so it can have control over such things.

We realize making a mistake is by waiting for when we want to sell the coin but that time is not coming, even if we are waiting for more than 1 year. Sometimes, our mistake comes because of our greediness because we see the price can increase so high in the short term but we did not sell it right away and still hope that the price can increase. If that so, I think we all have that experience and we still do that until now ;D

Don't overthink about this issue mate, as it's called gambling. As long as you don't bet more than you can afford to lose, it's fine. Who knows when you don't take the chance, the coin goes to the moon. I lost money buying shitcoin, gambling, etc., but it not really affecting my financial condition. As long as you know the risk and enjoy the roller coaster, it will make your life more colorful. Lol

When we are aware of the mistakes that have been made, then it should be time to leave those mistakes, even though the results of these mistakes will benefit.
Because the profits obtained from the results of a mistake made will also not be good for people who have lied to themselves. Usually this kind of attitude lies in people who are greedy and cowardly.

Never experienced it. Because I do not directly, but try to observe how the market activity. Because if I buy it right away and I don't know much about it, I'm sure I'll suffer a loss. I hope I continue to do things like that.

Still the same mistake not only for newbies but also experienced traders,

They are thinking for higher compensation instead of taking what it supposedly on their plans, but because of greed they expect for more increase and at the end of their journey, instead of taking profits, they find themselves losing a lot.

Part of this venture, but it can enhance yourself if you learned from those mistakes and try to not to repeat it over and over.

I actually don't recall any situation wherein I bought a shitcoin and kept on pursuing it yet I wanna share my view on how you can understand when you are making a mistake. One of the obvious sign that you are making a mistake in your investment is when you are losing more than gaining. Another is when the people around you are already warning you yet you still choose to insist on keeping up with your investment on that certain shitcoin. As signs or hints that what you're doing is a mistake and you still kept on going, later on you will surely regret and lose a lot of money and at that moment, it would be crystal clear to you that you made a mistake.

Lol, I have a lot of mistakes inherent to altcoins but for me it's a little bit the opposite. I bought a quality coin (A), I kept it for 6 months, I learned to be more patient and trusting than my friends. Waited till I ran out of motivation and decided to reinvest in a defi on polygon(B) (polygold) - it dragged me down really fast in 3 days. Damn, until I look back my A coin has skyrocketed and matured with x2. The most bitter and harsh truth.

Do research but do not think that research means you understand and know the outcome the only way will be to invest and learn from your mistakes.

No one knows their mistake until something terrible happens.  I bought Sovryn when it was at $15, 10 days later it was x2 and I decided to sell them, only 10 days later its price was ATH $84, Lol, but that's not too serious because no one knows  Where will greed put you.  Peace of mind with just enough profit to make you comfortable.  Lol

I don't think I have ever bought a shit coin. And if I do ever make a mistake, I learn from it real fast and try my best to avoid it. I am kind of a person who hates making mistakes lol. So if I make one, you can be sure I won't be repeating the mistake again  lol. The only way you can understand that you are making a repeating mistakes is if you see advancement/improvement in your work. The only way to stop this is to admit the mistake, learn from it and NOT repeat it.

I did it before but good thing that I've realized that it's not working and I'm just wasting my time and money for it.

Good riddance and I've learned the lesson out of that when I was hyped just as the others a few years ago into unknown altcoins that seems to have the 'potential'. But yeah, potential in losing money and only the first comers ended up with profits.

This condition will really make us big regret it.
And if someone cannot learn from its mistake, it means that he/she must learn more about it.
I personally commonly will feel that I made a mistake after sitting calmly and thinking twice about what I did previously. Sometimes, we will not feel making mistakes in the recent situation, but lately when we're thinking twice again about it.
And we may not be good people, however, learning from any mistake is very precious. It doesn't make us stupid, but it can make us much wiser, smarter, and more careful in the future.
But, if we keep doing it although we have known that it is a mistake, it means that we are going to be stupid.

You are simply doing gambling as simple as that.!

When you are already aware that you are doing mistakes then why would the hell you would continuing on doing that? Just because you are hoping to get some big profits that make your rich once you do hit the right project?

I cant really blame out that kind of mentality because we've seen people who changed up their lives on investing to shit coins and make out some glorious pumps which did really give out the chance
on making enormous profits.

This is the main reason I do think on why some people do keep doing this.

Well I did buy doge which i think pump dump coin, cause i know this is only meme coin i sell my doge at 0.05$ then doge increasing like 10x , Now i know its a mistake to sell it too soon. Patient is the key definetly. But i do think i would never touch doge coin again better buying some project with good project such as axii and UBT which will give you more return.

My biggest mistake was being greedy, because when I was able to get a lot of profit and know that the market will definitely make a correction after increase very high (bull run), but what I do is still hold and wait until the price increases even higher, but in fact currently the market is experiencing a correction and that makes me regret it, because if at that time I sold my cryptocurrency and bought back at this time, then of course it is already profitable for me, but because I was greedy, then I didn't do it and finally made me regret not selling my cryptocurrency at a time when the price increase very high (bull run).

once. I often experience this incident when trading. when we have set a work area and then place a target and stop loss, when the analysis doesn't work and breaks in the area that has been set, often I still shift the stop loss, so I experience more losses. or often I set a target, when the price is running profit I can't stand to immediately close the transaction, so the profit can't be maximized. here is psychology and discipline that must be determined

It happened to me that I went to trade and suffered a lot because did not understand the market properly. I made a stop loss after losing a lot of dollars but keep it long term by investing now the risk is low and there is no rush to sell it is possible to achieve your goals by investing in the right currencies like bitcoin and ethereum. You need to understand the situation by analyzing the market before trading on other tokens it would be foolish to make too much profit so you have to sell it in the short term.

do you invest without an advance plan before you make an asset purchase?
If you don't have a plan, of course, you will easily get swayed by the market situation. or you may be too greedy to wait for a higher price.
because honestly, no one will know the peak of the ATH of an asset. therefore we need to set everything up from scratch.

Yes, that is right. Sometimes, I just think to myself, how it could happen to me because actually, I can prevent that mistake happen to me but that happens many times. It seems, avoiding the mistake really needs us to be careful and we should prevent greed as you say. We need to stick to our plan and not try to break it because that can lead us to make the same mistake.

Improving ourselves is necessary and maybe we need to improve our awareness in trading so we can avoid making the same mistake.

I usually divide things into two parts. When I did something and it was easy for me I ask myself "was it easy to succeed or finish that task". If it was easy, then why it was like that. Because I am a professional or experiences in that field? If the answer is yes, than it is ok. If the answer is no, then there is a possibility that I've made a mistake or I was just lucky. Further on there is a small inner investigation. After that I realize that something was done mistakenly or not.

I have never had losses on any shit coin because I pull out my funds quite on time. I get a specific profit I need for any project I invest in and once I hit that target I pull out then look for another alt coin I can possibly invest in and once I hit the profit again I just pull out. I guess this may be because of my capital

Most meme coins end up in the dumpster but you keep investing because if you do make it you can 1000x overnight. Perhaps balance your risk by buying $NEAR then selling the staking rewards for meme coins.

I once made a mistake, when I knew that it was wrong, then I immediately stopped. But the error that had happened to me was not a big mistake that could be detrimental.
That happened in 2019.

It's embarrassing to face a member like you when the mistake that you solved once and for all, that's what it took me so many times to get over and erase and I don't even know how to stop and create deeper ruin on my account because you also know that our basic fear is to lose money, embrace a little hope from the market and then pass up the only stop-loss opportunities. Once the problem was understood by my brain it was time for bankruptcy and another difficult period began.

the stupidest thing I did was stay in defi even though I know I will keep losing...

I knew at that time I had made a mistake but just persisted. if only I immediately took a short-term profit then I did not lose. Currently I only focus on staking on pancakes and biswap and am no longer interested in other platforms.

Investing has its own uniqueness, sometimes many join in buying it without analyzing it first. we also see almost everyday coins/tokens are born with a very large supply. I myself prefer one that has been accredited with both fundamentals and excellent features.

When trading is losing, I fail to think that I can't possibly lose all the money as long as I haven't closed a losing position.  I also assume that the price movement will return to normal quickly.  The experience motivated me how to find some very high probability opportunities and how to make the most of them and I developed this ability over a long period of time through various experiences.

Ironic, but it's a very common occurrence. Instead of wanting big profits there, it becomes the opposite. I think this is very normal because we humans are based on excessive desires, greedy to be more precise. This is very annoying, knowing the risk it will be over 70% but doing it anyway. Could this be mental damage? hahaha

I had a very similar incidence in the past where I used to trade on the daily Market and was generating good returns while having no knowledge about the charts and market sentiments, but one day my 0.5 btc investment turned to zero just because the coin that I choose was just a pump and dump scheme and the dev dumped all his coins the same day. After that I always invested in the coins having good background and having decent market cap. These days bitcoin and other crypto are rising in value and the same thing is also happening with my portfolio that I have made in these years.

It's almost like a gamble because no one knows what the future of a project will be, so it's better to sell it early than to hold it to dust, and if any of the coins you hold on to it starts to go up in price but you're done with it already selling it, I don't think it will be a big problem because some of the coins you sell can turn into dust and you've already made a profit from it.

I've experienced that and it makes me feel disappointed. It's not an easy thing to invest in coins that we believe in because if you can't choose a good coin then it will be detrimental. At that time I was too hasty in investing in the altcoins I believed in and I expected the price to be high. I keep holding it and believe that the price will go up, some of the increases I even passed and still believe that the price can go higher than that. But not everything went well, and I felt like a failure in investing in altcoins. From that I learned that don't be in a hurry to want big profits if we ourselves can't handle and choose the good coins to invest.

The temptation to make a profit is very strong, that you cannot turn around and ignore these coins to me and for so many of us, there are so many meme coins that are hard to ignore because it's pumping hard and you don't want to miss because of FOMO, you want to be part of the train because you are tired of waiting for coins with good potential to pump up, so we take the risk hoping that you can get out in time.

The truth is that we come in here imperfect, we usually think that by choosing cheap coins will we're able to double or triple our money someday but never in mind that these coins will bring opposite results. Realizations come too late to think that we're wrong, we usually lost our money first before we open our minds and notice that was a big mistake. 
Maybe sometimes we got bored of waiting but to know what, shitcoins are hopeless, we never think that it gives us a profit no matter how long we wait.

Recently I got through a different situation. Some ERC-20 tokens were unlisted from the top exchange because of their volume. Although those altcoins were being traded on Binance and Kucoin. We should believe any exchange support altcoins. Projects types are the main factor. Now I really don't know what to do with those altcoins because the withdraw cost is so high even though sometimes I think I make the same mistake.

Dude, investing in the shitcoin similar like betting into the coin that doesn't have fundamental value. that being said that if you were expecting a short term profit from the shitcoin but when you are joining in the wrong time and then you will be getting a big lose from there.
These days people are always trying to catch shitcoin before it was mooning but this is a high risk decision by them

that's right. people who see the good momentum of shitcoin who can benefit from short trades of shitcoin. for those who just follow the trend, I'm sure getting caught in a bad situation will be very easy.
if you don't have enough skills, I don't think you should risk your money for something that is a big risk.

For those that will invest in an obvious shitcoin and still know that it will collapse in the new future and still refuse to dump when they have made some profits from it, then that is their problem. I believe some investors can go that route to invest in shitcoin because they believe that they can make profits from it in a short time which probably they do but hodling it for the long term is senseless.

in the past I used to always imagine buying "penny value coins" and imagine this coin will had 10000x in the future and most of coin i choice ending up being delisted because no one was buying anymore. eventually the assets are completely lost. and this has been a lesson. I never ever bought any more altcoins other than the top 10 on cmc since then.

Almost users of the defi project must have felt this way, but yes, that's how shitcoin is when I hold it, the price continues to decrease but when I sell it the price increases many times. this is indeed strange it seems luck is getting away from me and as if telling me to stop playing shitcoin.

Right. Because the problem of risk will always exist. When we already know the mistakes we made, then we can control the opportunity to get the risk. Especially when it comes to trading.

i had such experience when mostly new projects always explode in the market at first start up. And my biggest mistake is that I'll keep holding and assuming it will last and i can make massive profits from it, but the results always end up losing money. And it happened to me twice .. So i prefer shorterm always after that wherein 2-3 project for a month or less depends the situation of every token. Until now for me its still the best way to avoid losses :D

Sometimes you'll only realize the mistakes you committed once there's already an outcome, thats why regrets are always in the end.

When I was still a newbie I had many experience of being victimized of scam investments for believing of their too good to be true offer, not knowing its just a lure to scam people.

I just think of it as part of the process and one of the reason to become a better version of myself and careful not to commit the same mistakes again.

If so, I often experience it, but even if bullshit happens often, we shouldn't be discouraged from moving on to another project so we can't blame the project, so the point is that we have to be consistent with the work we're working on, it's good, but in order to fail, we have to try until we get there. achieved target

Op you know the saying "keep doing the wrong thing until it turns out right". Well that doesn't apply to crypto trading. If you made a bad trade, I suggest you cut your losses and close the trade before it gets any worse. I can name a lot of shit coins I bought over the years that dumped after my buy order...broke my heart.

I've actually done something before that matches this definition. I made some investment into meme coins just to try my luck. In a short term, I made some good profit and sold them. After that, I still kept having some money in these coins. But this time, most of them crashed and I made an important amount of loss. But in total, I'm still in profit a little.  ;D  So, I say that fortunately I made those investments.

dont expect too much with your assets no matter that come from airdrop program or bounty, when we got worthed value better to sold it immediately . We don't know its price will soar again or maybe dumped, sometime we make high expectation but fact said other


it is why we should not be greedy , always take profit in every transaction and never let it go without set seatbelt to prevent dump.

Meme coins are definitely not for long term investment because if you do, you will fall into a huge loss. It's only good for short term like you do and now, you're even making profits than losses.

But i must say, if you come up with a single mistake in your life, don't try to do it again because it will even cause you more damages more than what you expected. Invest in bitcoin and ethereum and for sure, you will never be in great losses but more of maximizing profits.

Yes i did two , three time. I got signal from Telegram group and i couldn't buy at a time due to network problem. After submitting multiple time transaction completed but price wa increased 2x and in 5 minutes i lose 500$. 

The mistakes we make are inseparable from the way we think about things, mistakes are usually made on the basis of a lack of knowledge of something we want to do, we need to change this slowly so that we don't repeat these mistakes.

Moreover, buying a coin that basically we know they are sampa, but we continue to insist on buying it, with the consideration that in the future the coin has a good profit value. This pattern must be immediately abandoned, if we do not want to experience losses.

Making a decision despite consciously realizing that you are making a mistake is actually emotional trading more than anything else and sometimes frustrated trading. A gambler who loses his bankroll will throw away the remaining small amount in frustration on high odds despite knowing that it won't work for him.

If you are actually executing a trade and you have the slightest feeling of making a potential mistake, then stop and think about it once. The key difference between trader and gambler is that a trader always has a reason to make a trade while a gambler doesn't. So make sure if you are executing any trade, you have a solid reason for it.

I do have few experiences with the same result, buying shitcoins is too risky yet many are still hoping to get an easy profit in short term and that includes me though I don’t have regrets on doing this because I have a specific budget for this one and I don’t buy all the shitcoins just a new one with a good hype. If you can’t take the risk, don’t do it and just buy the good one.

I think everyone has also experienced that because of the profits that is waiting ahead even for a short period of time. For me, investing in those shitcoins is not that bad since you also made short profits on it and as long as you only invest the amount you can afford to lose. But never expect that all shitcoins are somehow profitable because most of them are definitely trash coins that should always be avoided because its only a waste of time and money.

Still, we should always trust those reliable coins that have high potentials to grow in the future and those that are mostly trusted by all investors. Bitcoin and ethereum are always its good examples and even with some high potential altcoins that has good performance in the crypto market.

The best way to know if you have made a mistake or nothing by analyzing the coin that you invested in and judging if it has met your goals for investing in the first place. If you are buying to make short term gains, analyze based on the benchmark for short term gains but if you buy your cryptocurrencies with the hope of long term investments then you have to analyze based on the goals that you have set as well for long term investments. And sometimes a mistake isn't really a mistake its just that the market situation is not favorable at that moment in time.

It was happened to me often, and i still try to make some of shit coins sold with some profit, it was my own mistakes to buy when its hipe, and i dont have much time to see how is going. The shit coin only fit for buy and sell it quick, not to hold for long term. Thats what i thought based on my experience so far.

Many incidents like this occur in bouty projects, people predict that the token or coin can provide a good selling value in the future, but what happens is that the coin or token is priceless/garbage.

But if we make a purchase of a coin that ends up being trash, it comes back to us in conducting a study or analysis of the coin before making a purchase, if we analyze the coin incorrectly, then the decision to buy will not give any meaning and even the coin will be trash for us to save.

Testing every strategy by facing loss can be costly and I would rather prefer to deploy my strategies on a demo account than to lose my bankroll bit by bit and by the time I am ready to trade, I don't have capital.

This thread is about making a mistake while knowing it. For example, some people did short selling of Bitcoins when the price was around $30k and now they are regretting it. It was a mistake that one should have never made because how in the world can you imagine the price will keep going down after such a bear run.

All this is because of greed. There are many things people think that if they continue to make considerable profits, people will always rely on their own ideas, without the basis of analysis, only rely on ideas, wrongly believe in others, and not analyze the market.

We have different experience and stories in crypto some time gaining or in other side loosing. Realtalk, we can predict the coin we going through on that if we make profit or nothing. Here in crypto actually, no matter how we review it perfectly but in depend on market situation no matter how hype the coin your investing but its always possible to turn it into shitcoin or if lucky then the profit is all yours in the end of the day.

This is like going against your own mind, if your mind is telling you that you are doing something wrong you need to believe and if you still keep doing it them greed have taken over you, shitcoins will always be shitcoins but it's normal to feel like you are missing out when others are cashing out, it's not just good for your mental health is all so stop it.

I won't make the same mistake over and over again.
if I've made a mistake once, why do I have to do it again ?,
I will leave it, maybe because of the current hype like meme coin and Shitcoin many people invest various coins but get nothing. don't have high expectations with these coins.

Maybe this article will help you, I learned a lot after reading it. Here are the 5 biggest and most frequent mistakes and immediately there are tips on how to avoid them.  https://blockster.com/blockdesk/1140_5-biggest-crypto-trading-mistakes-how-to-avoid-them

if you invest for the short term or a certain term then you must be really ready to accept every decision or every consequence you take. for example you invest in coin A and get a profit of 40%-50% then you immediately leave after getting that profit. It is not recommended to be greedy, besides that never increase the number of coins you invest when the price has gone up. this can make you lose everything when suddenly a market correction occurs.

Yes, I have experienced such a situation where I am optimistic that the coins I hold will make a big profit.
And it turned out that the coin did not develop and as a result I suffered a loss.
That's a valuable lesson for me going forward. That prediction could have missed even though we've been trying to research it seriously.

Better compare the results in both strategy or situation and be sure you are doing it right before getting REKT. If the whole market is going down, there is no need to check any kind of technical indicators because everything shows us to join bear trend.

Yeah, actually I had an example for this one time. Meme coins were really popular some time ago and you remember it I guess. Then, I decided to make an investment into one of these meme coins but didn't invest too much money into it. After some time, its price went up really high and there was a great opportunity to sell my coins at that point. But greed took the control of me all of a sudden and I kept waiting for more profit.  ;D  I knew that I was doing wrong but still continued. And some time later, the price started going down sharply that I barely saved a little profit.

It's actually very easy to mark coins to buy during corrections and also during bullruns, because apart from choosing the best in terms of ranking, everyone can also see which coins are being developed by the team to get great attention from all investors, for example HEX, and SOL, so both are also very good to buy although the ratings are still not as good as BNB and ETH

We do make out these kind of actions since we do believe on the probabilities or chances on where those shitcoins can possibly give and once it do able to make some pump then it does signifies
that you are making out big money or profits on that and this is what we do believe on and been hoping for thats why we do really push up things even we do know that it is risky or we had already
failed wayback but since those hope havent go away then those perceptions will really be giving out some dedication for you to push through even you do know the risk.

Its like dealing with doge coin. We all know exactly that meme coin are no good for long term since they have no potentials to survive once they experience dips but some investors still take the risk that it might be profitable because Elon has hyped it. Yes, it was once profitable but look at it now, its value is already very low compared to its previous price that was definitely high.

This is more likely showing someone's greed. But we have nothing to do with it because its their money that are at stake. The only thing that we should consider first is we know already that the certain coin is definitely no good for long term holding but still some invested it and come out profitable at first and eventually lose in the end.

Sometimes, we don't realize that we make some mistakes before we lose something. Commonly, we will feel that it is my mistake after losing our money or coins (in this crypto world relation).
And we will think several times about what mistakes we have done, in what strategy, and also decisions we took that lead to the loss.
And after we realized what mistakes, everything has changed and we are late to repair it. And then, the mistakes will only be an experience that will teach us not to do the same mistakes in the future.
Our mistakes may be various:
- Being panic buy or sell
- Following hype without any analysis further
- Beings cammed by fake investment or trading profit services
- Being scammed by certain platforms
- Careless of the private keys and other important data
and many others.

I ever bought hype coins, they are ASS coin (Australian Safe Shepherd), PIG (Pig Finance), and SHIB (Shiba Inu). Till now, the prices of these coins are continuing to decrease more, I have lost my money there. But I keep holding because I think it is a better option than selling it with a huge loss. In my opinion, it is better to lose all money there than to sell them now. I don't know they can increase again their values or not, but I am optimistic to keep holding.

There are people who makes the same mistake multiple times. Suppose you are interested to enter the token market place where you can make a huge profit in a short period of time, you usually search for promising projects and if you like the team members and their project and then if you think that they could help in giving you the profit you will be investing in them. Most times your judgement wont be right and you will end up in a loss.

People keep doing that simply because the risk reward ratio is huge.

Very interesting, I tried to give an overview of the conditions a few days ago on September 7, 2021 when the market price was rising high, most of them were very euphoric and not calculated, what happened now was waiting for the price to rise again. Let alone the SC that is said to be invested, coins/tokens that have good fundamentals are also affected. In my opinion, always choose coins/tokens even though they are new but have strong resistance during market corrections that can occur at any time.

Greed is the most common mistake, just like how OP said you are thinking that the hypes will continue and it will favor
your investment, but the opposite happened and you still trying to find another coin that you have the same hope but
it's just a repeated scenario to your investment.

You should learn and forget about quick profits, instead, try to work and find good asset that have real usages and
good community support.

Indeed that is true, mostly of newbies here are victims of hype and FOMOs of mostly shitcoins that loses their hard-earned funds. Always remember that before you enter and invest to something in cryptocurrencies DYOR and just make sure that invest only what you can afford to lose and not do all-in.

I've done that and made other mistakes, and learned from that, people are smarter after making mistakes and teaching them a lesson. I sold my coins in the previous bull run and a few months after that my coins doubled, so I will hold my coins for now until then, of course there is a risk behind this, but I believe I will win this time.

You should never do that if you think that you already bought a coin or token that turns out to be a scam or shitcoin you should cut your losses by dumping it right away, shitcoins will eventually die, leaving you with dead coins and losing your investment, you must always update the status of all your coins regardless if it's coming from your investment, bounty or airdrops.

Actually it is one of the strategies to buy shit coins as they are likely to increase by many times if they catch the wave of hype. But first of all you should make sure it is not a scam. Secondly, you should do research if this coin is likely to be successful at this moment or the trend is in another sphere. And the main thing is not to be greedy and if your coin has already increased and changed its trend, just run.

Well its really hard to share this kind of sentiment especially to newbies who doesn't know the movement of the market and just enter in the crypto-space because of hypes and FOMOs. Instead of doing their own research and understand fundamentals, they just believe on a tweet or post by media influencers.

I have a friend in my friend circle who keeps buying shitcoin in hope of 1000X its principal amount. He keeps losing money on the shit coins but he still hopes someday some shit coin will make him rich. Personally, I advise him to do not to gamble like this it's better to buy some top coins instead. In the end, I can say he is trying his luck like a gambler.

I really relate with this, I always find new coins and buy some of them even though I feel that it will be going to get rugged, I will still take the risk and buy some and end up losing my money. This is a common mistake of mine that I am always doing because of thinking that I could find the gem one, thankfully there is still some coins that I have bought and gain x3-x5.
We are the same thinking of your friend, there are still some new coins that is worth investing, maybe your friend always got rugged, try to advise him to do proper research before buying, it will prevent him losing his money.
You may tell him these things:
1. Try to look to the website of the coin and check the roadmap
2. Check also the dev teams identity
3. Check the social media platform and check if those are all active.

Yes, this is the usual behavior of a person who wants to make quick money. There are a lot of crypto projects and there is no time to study each one properly. It seems that the longer you think, the more profit goes away. However, it is better not to make money than to lose the investment. The market will always provide a new opportunity.

I personally was also trapped by my ambition to buy a lot of shiba coins last month, I was consumed by media news issues so I spent a lot of my savings to buy these shiba coins, and I also heard many people say that next month this coin will be pumped very badly. extraordinary, and what happened today is the opposite, actually in buying certain coins don't be influenced by media issues or what people say but we need an accurate analysis or we are sure we are sure that we just choose the coin to be safe

Never buy coins based on other people's opinions, because other people's opinions are not necessarily correct. The mistake you experienced
by buying shiba coins was influenced by other people, can make you aware that it is important to do your own research and analysis before
deciding to buy coins. Sometimes people just realize their mistakes in a hard way, have to experience losses first before realizing it.

We can learn a lesson through experience and its normal to fail if you're a newbie in investing, its part of the process and not unusual. Its a human nature to become greedy and the reason why even we are aware how risky the opportunity that we are getting into, still, we grab the chance because we are hoping to gain from it.

Unfortunately there's no happy ending on it and just an experience that can teach us a lesson to dont rush things, dont be greedy and take time learning before investing our hard-earned money.

Frequent operations are destined to make mistakes, and human greed makes us constantly expand our desires. Only when the loss is severe do we regret it. But such things have been repeated all the time.

It's always a good way to find a mentor who already experienced in cryptocurrency to learn many thing and learn the best practice to minimize mistakes.
We have been hearing the sentences "Experience is the best teacher" , this is so true but we will run through many mistakes first if we don't have someone to guide us.
So, it's better to find some mentors to learn with.

Every mistake is an experience. Some people will learn from experience. Someone will make mistakes again.
I buy coins every time the price drops. This is my habit. But some coins will die after I buy them when the price drops. So I will lose a lot of money.
But I can't change this habit. Maybe I want to learn more about market trends. Need to learn more about cryptocurrency.

Many of us have made mistakes, and many have done so quite deliberately, realizing that the risk of loss is extremely high. But the thought that I will manage to get out of the dubious enterprise in time with good profits does not want to leave our head. It seems to us that this will not affect us, but once again we are convinced of the opposite result.

If you are aware that you are making a mistake and still tolerating it since you do have belief that it could really give out some nasty profits later on then its your take and its a gamble.
You arent dumb that you wouldnt notice that you are doing a mistake but since we do really have that gambler in mind in terms of investment then its up to someone to take risk.
You wouldnt know until you do try because this is where we do make ourselves even more better as we do learn.

I had some experience in shitcoins before actually. Normally, I'm no more than a HODLer. But one time, I got really curious about these shitcoins. I knew that these projects were garbage but I also knew that I would be able to make a lot of money in the short term unless I don't miss the opportunity. And I decided to make some investment into a shitcoin. It really started increasing quickly a lot and I had to sell my coins before it was too late. Even if I was aware of this, greed made me do a stupid thing and I started waiting for more. But suddenly, the price started falling sharply and I was sad that I missed the biggest opportunity.