Bitcoin Forum

Hello everyone I joined this forum over a year now and I was very excited to join. I warmly by the forum members and I felt very welcomed. I had great ambition oh well I think my ambitions were overly much.

I had some thoughts about cryptocurrency and I thought they were enough for me to achieve all I had come here for.
I didn't spend much time and jumped into the crypto market and I guess it swallowed me. I ventured into investing, trading, schemes and everything that I thought would give me profits. How wrong I was, I made bad investments that were from my imagination that anything I touched in crypto would favour me all I had to do is buy a low and affordable coin and hold.

Long story short I have some coins in my possession that are dead and from reality now those coins won't rise again.

   My thoughts and now my experience that newbies like I was can learn.

1. Emotions thoughts and feelings can hurt you if they were not researched.

2. You haven't learnt enough just yet. It's not wise to invest with your kindergarten knowledge, take time to on them first.

3. The news can be a disguised trap, I made many investments because I followed the news and what many people were doing, this is a foolish move.

4. Diversification that has no research behind it is foolish. I had thought that once you diversify you can do wrong, how wrong I was. You always have to diversify making use of research and don't be in a hurry to buy.


I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

"Experience is the best teacher"- though I've been a member of the altcoinstalks community and throughout my stay there they've been some threads about how some users made mistakes by rushing to invest without carrying out proper research about the project which lead to them losing their funds.

Judging by one of your  earlier thread (https://bitcointalk.org/index.php?topic=5357320.msg57820036#msg57820036) you made concerning your friend's mistake. I saw many users giving you advice that would have helped you from making any irrational decision but you still chose to ignore them.

Just as they say "First you Learn, then you remove the 'L' and you Earn."-

I hope this will also serve as an example to other newbies out there, that there is not shortcut to success you have to put in the effort and don't just rely on what others think.


These would also have been helpful if you had applied them.


~Valar~

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.

I'd even go as far into saying that it will be almost guaranteed to happen. Even if you're already well versed with the cryptocurrency markets, the risk of losing money is still quite high.

Buying altcoins and calling that "diversification" is even more foolish because altcoins do not move independently to be considered a good option for diversification. Whenever bitcoin rises or falls, they get dumped because capital flows back to bitcoin.
If you really want to diversify you have to buy something that is not related to bitcoin, like buying gold for example.

I think this factor is often done by beginners in trading and investing. buy assets only by feeling or predicting an increase in assets just because of the blink of an eye looking at the chart. or just because of hearing news related to the project.
This situation is what traps many beginners in making mistakes in buying assets because they do not do it with the right analysis.

Many of our cryptocurrency communities are deceived and hyped by news about crypto because others are paid so they become victims or are given wrong information about crypto.

So crypto traders should do their research before investing in a coin or token. And ask here in the forum about the thing you want to know, just like you did it, dude. So that the capital you use to buy cryptocurrency does not go to waste.

About the news, if you're new to the market, it's really going to cause you a lot of panics and hesitations especially if they're bad news like bans and related to FED and other financial companies.

That's why what you've said as #1 is true that anything that you're emotional about, it can lead you to hurt not just your feelings but also your pockets if you're not careful enough.

That diversification is likely the most worse advice to newbies who had not seen the bear market yet. They will only realize it while the bear market had been around for almost a year and thier down to -80% for holding it. 

Heck, I have lost too. But not that I know the cycle will keep cycling whether you have money to invest or not, the 4-year cycle will keep cycling.

But sometimes in doing research we often use emotions and feelings for example when we are going to invest in a new coin we will not know that the coin will be in good development until a certain period of time and when choosing it only feel that the coin will be good even though reading the whitepaper too or the roadmap won't really know it.


In crypto even if you do research first by diversifying it is still a stupid act, you will be safer by holding only one coin, namely bitcoin than dividing it into altcoins

If you want to mature in the market, most people go through the stages that you go through, no newbie realizes that knowledge is the key to entering the market until they lose. Your advice is really helpful but in my opinion, the best way for newbies to grow up is to let them experience the same things that the market offers them. There is no better lesson or knowledge than your own experience in the market.

All 3 are good advice but the 4th I slightly disagree, just like in this bear market, diversification doesn't work when the altcoin market depends on the movement of bitcoin. When Bitcoin drops in price, the whole market is in the red so diversifying into altcoins is not necessary when you invest in bitcoin.

Precisely! This is the most common mistake of people who are starting to trade. They thought that they will become millionaires in just 1 day or 1 week of trading or they though that when they start trading, they don't lose money. Also because of what they common to see on the internet or social media which advertise by some influencers or content creators.
I can relate to this when I was newbie before.

Bad news can really affect the market and and sometimes it can create panic,
and panic will make us sell our assets at the wrong time,
better learn more about the crypto market and spend as much time as possible on it

One golden rule for me especially in investing in new projects.
Don't let your experiences get to your head thinking you are a pro at it. Always try to be a newbie so that you will try to question everything about them.
We love asking questions back when we don't know anything yet, better to be in that POV again so you will not be wasting money.
Skeptical.
The experience only made you stronger but it doesn't mean you became a master of cryptocurrencies.

Is a wrong move to take jumping into what you don't have good knowledge about. Crypto investment is very risky. I hope you have learn your lesson now and not to have the believe that putting money to buy any coin is a direct profit already.



Diversification is also an investment and before buying any coin you must have researched and have knowledge on it before real investment. The word diversification is to invest in another optional investment that is different from the formal so it also requires researching.

You cant really tell that it is really a foolish move, we could really able to experience these mistakes and errors since this market could really turn upside down without anticipating that it could really happen suddenly.

News arent traps, it could be also determined as part of fundamentals if you are really that making some analysis to it but since not all news could make out some significant impact then it would be

understandable that results or outcomes will really be neither on both paths.Once you do gain up sufficient experience then these things wont really be surprising anymore.

You've tried to open up and learn from your previous mistakes and want to correct them so you can take one more step forward. Many beginners have made many mistakes but not many are willing to try to rise from their mistakes and try their best and you are one of them.

I want to provide input for diversification because this can confuse some people. After all, so much news out there that invites them to invest in altcoins makes them not do research before investing. You may be able to take advice from others but always do your research before you buy. That way, you will know which coins to buy and make as your investment and avoid buying the wrong coins.

But if you are confused about choosing an altcoin, you don't need to go ahead and just stick to bitcoin because that is enough and you can even try to profit from bitcoin in bear and bull season time. And this depends on how your ability to analyze.

If there is no thought in every person then he will never be able to achieve success in any work First you have to think and then you have to gain experience from there If you can think and experience there, you can become a successful person.And even there if you are not successful and the experience spoils, from there you will learn the most and experience the most.

Unfortunately, losses will always be inevitable in crypto, regardless of how high your experiences are. Good thing is every losses comes with a great lesson too, so we should still look at it with positivity. However, knowing that crypto is highly risky, then we should exert more effort to DYOR as it’s the best way to lessen the risk  and increase the chance to earn profits.

This forum really provides many things that we can learn and search for, additionally, this forum is also a very good place to have any type of discussion. We are here to learn more and more in order to get any information, from the past to the most updated one.
Being ambitious for learning in this forum makes sense, but we must also balance it with our action, what we can do and what we are doing exactly to utilize every chance and information here, to be contributive in this forum. So, this will fulfill our ambition and rise up our understanding, ability, and also awareness about the crypto world entirely.

Emotion becomes one of the ye elements if we are cornering in the crypto world. Even if we have good understanding about crypto, knowledge, and the ability to analysis, if we cannot control and manage emotion very well and wisely, we may be trapped inside and being lost-control. That is why it is very useful and important to be able to manage it

Realization is big factor for us to learn something from the mistake we do before we lose our money. And even if you are veteran on the industry still you are prone to lose because at the end no one can really actually point out accurately what will happen but for sure for the events goes and we meet it again for sure we can counter those loses and think about good things that can help us to earn or recover.

That is why instead of blaming ourselves due to our losses and for our mistakes, we make a habit to consider this as a way to improve ourselves. Because in reality, no one is perfect and you're right, even experts suffer losses for not all the time we made the right decisions. This is how the market looks like, people will just be about to commit mistakes in order to know that our strategies are wrong and take action for not occurring again but too unfortunate that it can't be perfect no matter what we do.

It is important to draw conclusions and learn from your mistakes, because if this does not happen then there will be permanent losses. Mistakes are important for development, but if we are talking about trading, then these mistakes can be made while testing new strategies with small amounts, so as not to incur large losses.

But some people don't understand it. I'm not sure if they accept their losses or if that is something a close-minded person as whether we like it or not, people will commit mistakes. It is a way to review what we have done as it was not normal anymore to always suffer losses as surely there is something we did wrong and we need to find it. A mistake can be minimized if we also know how to correct it but if we still don't care and never change our strategy. Well, we also have nothing to expect then but just losses.

It is always advised to shutdown emotions whenever we are engaging in trades and investment.  Research and facts should be prioritized since it often resulted in a successful venture.


Life is a continuous process of learning.  So we should not stop learning especially when we are in venturing in financial industry.


We should always verify every news we heard and apply whatever logic we can extract from it.  It isn't good to be hyped by the news, with that we are basing our decision on our emotions.  Better be calm and collect more information before doing any action.


Diversification isn't bad and it is an SOP to do research in every investment, the worst thing is diversification beyond our capability.

Would like to highlight this one since many are doing the wrong way of diversification since they are just buying coins/tokens without analyzing it and holding for years hoping for some profit but they failed on this one. Don't over diversified and just buy good projects that can last longer with the continuous improvements. Diversification is very important, we should always learn from our mistakes and as much as possible, don't deal with the fake projects.

And if you diversify, remember to keep up yourself with the updates and progress.
So you won't be surprised that the coin is almost dying in the trading market, before you decide to discard it.
If you can't keep up with them, just select coins that are easy to access their development updates.
You are not only investing your money, but your time and other resources when you decide to invest on them.

I would like to highlight this point because not only newbies even investors of cryptocurrencies for long time fall for this trap, they simply go with the hype and believe what is been showed to them in one or other way. Yet simply avoid FUDs.

For newbies the knowledge is important but as beginner mistake everyone thinks that they knows the market better but at the end they only get better with the bitter experience and everyone has to cross this path.

It is good that you learned from your mistakes, these mistakes are the biggest teacher, it is true that the experience is harsh and the loss is difficult, but the important thing is for a person to learn from his mistakes because this gives him a great experience that he cannot get in any paid educational course, you have to look at the positive side of this harsh experience And learn from your mistakes and move forward and do not give in to despair, admitting mistakes and learning from them is the first step on the road to success.

-  First of all, you can learn a lot here on this forum platform, and most of them will guide you to the things you want to know depending on what you want to say. You will experience a lot here from learning and trading in the crypto industry as well.

But of course, you should do some research before you take out money on the investment you want to make so that the capital you use for it is not wasted in the end.

The situation of everyone who got into crypto just for profit without considering the negative aspects of crypto they lost drastically. An investor has to face a lot of losses due lack of investment knowledge that should have been emphasized earlier. Anyway, if the OP can read and understand a bit, I hope he will be successful in his career.

Many have been deceived by their emotions in trading/investing,  they get carried away about their thought cryptocurrency is just as easy as what they imagine. Cryptocurrency is beyond imagination, cryptocurrency is real that has principles that must be followed.  Trading cryptocurrency with emotions without any knowledge always leads to pain and regret.  The problem is that most newbies always want to learn from their bad experience first. Bad experience makes people to go after knowledge.

It is very important when we make mistakes, we should learn from those mistakes.
at least that way we won't repeat the same mistakes,
what is clear is that there is no need to be afraid of mistakes because it is normal as long as we keep trying to learn so never be afraid

I won't say investing with little knowledge about crypto is a bad move, what makes it bad is if after investing the investor who knows deep down they haven't known enough folds their arm without going back to improve on what they have learnt this is also applicable to the intermediate and pro crypto investors. Research is not only done once. Even after investing a closer look at your portfolio often will limit losses.

He will be successful if he is willing to learn more from others because crypto is one of the tools that he can use to make a profit.
And he must also consider the time to achieve that success because success can not always come in a short time.
An investor should try to find what can give him a profit in the future so that he does not make the wrong choice.
And it looks like @OP has learned a lot from his experience and mistakes, so we can expect him to improve even more in the future.

Those who invest should accept both profit and loss and invest. And if he thinks that he will always make a profit, then it is completely wrong. Sometimes there will be profit and sometimes there will be loss. We have to accept it. And if no one can accept it, then  He has to face many big problems. And if he does not have a common sense about it, he will never be able to do anything good or profitable.

Besides, learning is continuous and that was because every day we don't experience the same things, the same problems and sometimes we got tested hard.  Now, if we are not able to look back and disregards our mistakes it is possible that we encounter the same again and again, and no such improvements to expect.
In fact, experience is a great teacher as we know but it never makes sense as well if we don't even learn from our mistake and just ignore it. And never have the time to correct it.

Not every cryptocurrency that you can find in the market will give you profits, especially if you're doing spot trading and hodling, buy low sell high kind of strategy. That's why I agree that you need to make a research first before buying anything in the market. It's better to confidently hodl your coins in the long run because you know their potentials, unlike if you'll by random coins thinking it would go the moon in the future.

Precisely. No one gets guaranteed profits from crypto, it’s always about taking chances with high risk of losing most particularly if you never make thorough research from the start. However, even pros get the chance to lose but there’s always an advantage if you are more knowledgeable and skilled in the crypto market since you can maximize your gains and lessen the risk of losing.

Buying random crypto currency is like investing without doing some proper research that's why most of the results we experienced are at loss. It's better to buy Bitcoin than any random crypto currency or shitcoin that has no value in the long run but the problem is these people prefer the cheap shitcoin than buying Bitcoin because most of them think that they won't own a single Bitcoin instead of just buying the sats. Maybe this was the reason why most of them invested on those shitcoin or someone might be shilling it to them therefore they lack of research to either crypto currency and that's the fault of newbies.

Your story is very common, many people come to this market thinking about all the money they can make but they never think about all the money they can lose, and this is very disturbing, because if you take a look at the statistics about the overall success of anyone that tries to trade or to invest you will see that the majority of people do not really get good results, and this is because they are so blinded by their greed that they try all kinds of methods to make money without really knowing what they are doing, and instead of getting profits what they do is to accelerate the rate at which they lose money, and only once they have lost most of their capital that is the moment when they begin to think about all the things they have done wrong.

Good advice, but i believe newbies will be just like you, only after experiencing bitter loss of money will they realize that new knowledge is the first thing required in this market before you want to grow or earn money in the market. I myself used to be like that, didn't listen to anyone's advice, just followed what I thought and only when I really lost did I realize that everyone's advice is correct word for word. That's why I have very little advice for newbies, I also want them to experience to have the most authentic view of the market, I think there is no better free lesson than a paid lesson.

It was very common for us, we tend to open our minds and be even more careful after tragic losses. I understand this thing as I was also in that situation before but yes, as long as we do listen to others and are able to anticipate any possibilities that will happen next, in this way we minimize the risk and unacceptable ending.

We probably don't have a good start investing crypto but at least we still able to survive and continue trusting despite the bad experience.

Emotions isn't on your side when you are trading on cryptocurrency. When you find out it, you are better than most of the traders. Arrogance, is rival of success. When you say im done i can do it! The reality take you down. The news might be trap sometimes, but sometimes it might be your savior. Researches is like a flashlight it will light your way. Your lessons is may be expensive for you now, but in the future it may be worth nothing to you. Nothing goes up forever or goes down seven floors; unless it's a shitty project :')

That's why it is said that all altcoins here today in cryptocurrency always have an attached risk. It is really necessary as an individual trader that you know how to read movement on a chart or graph because if you can do this, you will know when to buy and sell.

Then it's different what you want to earn in the future and when you see that you got it first, you will wait for it to go down again depending on the desired price of the token you want.

Your thoughts are appreciated. You may have learned by losing. If things were known earlier, this situation might not have happened.
Numerous coins are added to the crypto market every day, buying some cheap coins and then holding them for a long time will not always give you success. Because shitcoins can die anytime. That's why you needed someone's help. Maybe you wouldn't have lost everything if you could have made a coin selection. That's why the first condition of the crypto market is to get an education. Hope you can overcome such situations in the future.

Dont really make yourself believe that money making here on crypto space would really be that simple yet this is something that you cant really just able to handle it out.Investing on new projects or low cap ones

doesnt really guarantee success and if we do compare out in speaking with risk into those established coins in the market then there's soo much difference in terms to that but of course we arent seeing on that one

but rather seeing on the possible returns of our investment which would really be acquired into those low caps which we do really like to have that 2-100x or more kind of return.
This is why people do really make out choice to have that kind of decision.

Theirs no way you can learn the basic things of cryptocurrency and succeed for cryptocurrency trading and other things concerning cryptocurrency, and therefore surviving in cryptocurrency you have to know the primary thing and in exception of that, i believe that you will totally lose all your funds without any realizing your mistake.

That's very much straight forward point of view as you know the most famous dialogue is Learn and then Earn i think that true at some instinct but if you are going for the courses to learn by paying  so bro There Nothing Left except for the Learn L is the Only thing dont be double minded. Learn is going to be from Experience.

Learning from experience is great, but experience is the result of how they take risks in trading. All crypto assets are volatile and they are very wise in making choices even though they are not required to learn the technical stuff. Trading is something very risky, basic knowledge of trading will not guarantee profits but profits will be obtained by those who take advantage of the market with the knowledge and courage to take risks.

The structure is like this, Learn - practice - produce - experience. One or two failures is fine as long as they don't give up, but always do it from a small amount.

lots of people join this forum with the same ambition as you. thinking that it's okay to always make a profit in crypto is okay but just make it your passion and motivation to invest in crypto but don't be too ambitious. because if you invest only because of big ambitions later it will turn into emotions and can't control your thoughts and after that you will lose your money.
actually investing is not too complicated if a beginner is not too hasty to learn the basics of investing first.
because there are so many cases of beginners who have big ambitions in crypto with no investment knowledge and venture to buy the wrong coins for the long term and end up losing all their money.
but for me it's not a loss but it's a lesson for you so you can learn from loss

This is critical, it is obvious that each person which comes to this market do so with the intention of making money, however not many take the necessary steps to make this a reality, and one of the most important steps is to simply set realistic goals for what you want to achieve,  there are many newbies which come to the market thinking about investing in a coin and making 100x in a matter of months and as you may expect the majority of those newbies not only never get profits like that and instead lose their money.

Yes, carry out your personal research to know the potential coins that will bring you massive income in the future before investing your money will really help you to experience favour from the crypto market. There are some cryptocurrency you will invest your money in this bearish season and you will not achieve anything good at the end of the market, because you didn't invested in the right project. Since, the price of coins has drop down for long term traders to buy and hold, it will really help you to feel the positive results in the future when the price hit higher in the market.

you are right, even though the current market conditions are very suitable to buy because the price of coins is mostly down. but the most important thing in a bear market situation like now is to choose the right asset for the long term.
some traders may always focus on a particular asset. and that made him have to buy when the downturn occurred. such thinking should be avoided. because each coin has a different market. there will be a pump when bitcoin makes a pump. but some will not move.

True I think that is where people are missing it in terms of doing research a lot of shit projects have circulated everywhere with crazy hypes and after the hype, the coin starts dumping and the projects become a total failure doing our research is very important while investing in anything because even with your experience there is nothing you can do about losing money is just to know how to manage your risks and left to me doing a market like this just accumulate and avoid frequent checks in charts it might push you to sell so op nice one op
If I'm not incorrect, you were constructed and your ideas were set on always benefitting from your experience, but there are sometimes good and terrible periods in business.

The bear market is indeed the right time to buy coins, because the majority of coins are priced down. Moreover, buying coins for long-term
investment will make us generate large profits. But that doesn't mean all coins are worth buying, because only a few coins whose price will
recover after the bear market ends. It's a shame there are more shitcoins circulating in the market and it will cost us money if we buy them.
That's why we must first do research and analysis before buying coins, it's to make sure the coins we buy are really potential. Because only
potential coins can give us a profit if we buy them now during a bear market. Then why do we have to buy potential coins, that's because usually
the potential coins always follows the price of Bitcoin. This means that if Bitcoin recovers and the price goes up, it is certain that the potential coin
price will increase as well. Don't let us choose the wrong coins for investment, it will only make us lose money.

bad experiences will be a lesson for traders that is why many professional traders are born in this world,
because mistakes will make people feel wise to take steps.
thanks to the OP for giving tips for newbie traders here, and even I am also happy to read your experience.

This is true only if people learn from their mistakes, because as you may have noticed there are many newbies which make the same mistakes over and over again, meaning they never learn from their mistakes and as such they never improve at all when it comes to their trading skills, and when that is the case then those people are just wasting their money as there is no way for them to ever make money from the markets, as we have professional traders which are always improving themselves and their strategies as well.

I'm explaining this with normal understanding, mistake is a correction and anything you do perfectly without involvement of errors will be very easy to forget about, what i want you to understand is that, in trading and also cryptocurrency investment, it's acknowledgeable to someone to venture into mistake so that it will take an absolute correction and after taking precautions concerning the mistake it will not be forgettable. So mistake makes many people to conscious and curious in anything they venture into.

This is almost the sing song experience of every crypto investor you can find. We (I did) all had similar experiences and some of us learnt from it and stayed put while some left the scene in hurt. Those who left in hurt became most of those who now spread lies about cryptos. I've a friend whom I told last year during the bull season that we were going to have a repeat experience of the 2019 bear season. My friend argued that the dynamics that made cryptos dip in the last bear season had changed and that cryptos wouldn't dip that way again. It's funny but it happened. History has a way of repeating itself. We're in that bear season now and it seems nothing much has changed. Again, you should find a way to learn under someone. There's a place for mentorship in this industry. If you want to do it all by yourself, you've to give it some time and practice and also map out time to learn from others like in this forum. You must burn the midnight candle to achieve that. Cryptos demand time and patience.

It's very obvious that nobody succeed in cryptocurrency without having the basic knowledge of cryptocurrency, but some people who rush and venture into cryptocurrency continuously to get lose in cryptocurrency because they have not scrutinized the system of cryptocurrency investment before venturing into it, you have to learn the basic concept of cryptocurrency first before investment, so it's my advice to the newbies.

What if you are really a pro at it? I think its a waste of time to make a research again when what you can find is the same as what you have learned on the past and asking others a question is like fooling them and yourself but there are people who act like a pro when the truth is that they are still starting on cryptos. This rule mainly applies to them.

News do have a certain effect on this market. If it's a positive news then the effect is also positive but negative news can also have a negative effect. Seeing your investment go down because of it, won't give you panic attacks if you are aware that cryptos can recover from a bad fall and negative news are not permanent but time will come that positive news can come which can aid the cryptos price.

Unfortunately, newbies who come to invest in the market are even more confident that they can beat losses in crypto, and since they are mostly motivated by greed, they spend too much investing even in new projects that are currently in hype, and turn out to learn their lessons only when they start experiencing losses and regrets from their own decisions. However, with OP’s desire to correct his mistakes so he can attract possible profits, hopefully this time he’ll start to achieve his goal and maximize his profits more than losses.

Everyone will have their mistakes when it comes to investment, those mistakes will become our experience so we will do more better next time when we want to look for a new investment program/project. Many new people got scammed because of seeing ads on media social, on news, and on others. Having a good mindset will help us a lot, especially in this bear market.

Mistakes are made as setbacks and we better deal with them wisely,
mistakes will make us aware and learn not to repeat the same mistakes,
indeed the more experience it will make us better

And this has also happened to me who came as a beginner who was too confident that the crypto world was easy to conquer and would provide many advantages. But after knowing and being in crypto I began to understand how big the risk would be if we didn't learn the basic lessons of cryptocurrency. Always interested in new projects that are hyped without realizing that the shadows of loss will come.

Regret will indeed be the end result and we already know the ending that from these mistakes we can learn and begin to improve ourselves so as not to get stuck in the same hole. Experience is a good teacher and a reminder that we have made mistakes and must correct them.

Because to be a successful person in any case, we must definitely feel how it feels to make a mistake. The mistakes we make will not make us
a failure if we can learn from every mistake we make. As you said mistakes will make us realize how to do things right, because we learn not to
make the same mistakes in the future and try to correct every mistake we make. That's why experienced people are much more likely to succeed
than newbies, because experienced people have experienced a lot of mistakes made, so experienced people better understand how to make
good decisions. So don't be afraid to make mistakes, it's normal for everyone. The most important thing is how we learn from the mistakes
we have made.

Maybe newbies are just like that, not only in crypto but in all aspects of life, we only learn our lesson in the end, not at beginning or the time we started to invest. And that’s what they say learned it the hard way. However, there’s no wrong in learning from your mistakes and losses, as long as you’re willing to correct them and won’t never give up but always move forward to finally reach the goal of success in crypto.

In a way it is interesting how this works, the less people know about this market the more confidence they have they can actually make profits in it, but the more you begin to learn about it and all the mistakes you can make the less confidence you have about it, but this is a good sign as the less confidence you have then the lesser risks you will take and you will be more willing to spend some time trying to prepare yourself in order to reach your goals.

For trader to be more knowledgeable to the market, there is nothing like learning from another person mistakes. This means there is not like being wise by learning from another person mistakes because the emotions have to be tested to know if you can take up the task of a trader. Therefore, this lineis suppose to be .This important to know that you must make your mistakes and learn from it as far you talk about trading. You must share your experience not someone's experience.

Absolutely right,You cannot be successful in anything without knowing and listening properly To be successful, you must be knowledgeable. Especially if you want to trade on a trading platform, you must have adequate listening skills.Otherwise you will never earn anything good from that trading platform and you will lose all your money there.At some point you will be completely destitute.

You could pay for training instead of paying for the experience you gained from unsuccessful trading and investing. It is possible that it would take you less time to acquire such an experience than it took for independent study. However, you have already figured out the source of your mistakes, and in the future you will have fewer disappointments that trading brings.

It is a good thing to revisit and retest things we experienced.  We don't need to experience them firsthand but by observing people who happen to have the same mistakes but did a different approach to solving them.  After all, there are varieties of way to solve a single problem, and it is best to know which one is the best for us.


The market is greatly affected by news and rumors .  It is where FUD and hype came from.  The cryptocurrency market always reacts to news whether it is good news or bad news.


Or you can do your own research and learn from the other traders who shares their experience, mistakes and decisions.  Our life isn't enough to acquire all the knowledge in trading by our own experience of trial and error besides it is too expensive if we have a 1st hand experience of those failures and errors.

I agree with you Sir, that is often the problem with newbies who enter this industry, what they think and see is how to make a lot of money, and they often forget to study and research first, but instead of doing this, they believe more in what others say, so many of them are deceived and quickly lose their capital that they will allocate here because they have been led to sweet promises and hyped.

That's why what others are saying here is right what will teach us here is experience, not the beautiful promises that can only be read here. That's why we often read here do it at your own risk so you have no one else to blame if you make a mistake but yourself.

1. It is something natural and normal. You can't suppress your emotion even if you did your research and was prepared for everything.

2. It is better to invest with the knowledge you have instead of only reading and watching videos. Start small, learn from your mistakes and go big!

3. Always buy the rumor and sell the news. You will never make profit if you buy the news.

4. As long as you are investing in well known coins, you will be fine. And what you said is right. Don't FOMO!

This is the mindset of every newbie, they only see cryptocurrency as something that can only bring profits.  Most newbie are not aware that crypto is volatile because most of them fails to make research to understand what crypto is all about. I have been lots of people who are making plans to start up cryptocurrency and all this people I have seen they have the same mindset toward cryptocurrency. Newbies finds it difficult to do some research about cryptocurrency to understand the risk factors .

You are correct, many people are unable to see the difference and they think that just because they are part of this market and they put money in one of the thousands of coins in this market then they are traders already, but this is a lie, to become a trader you need at least a few months of arduous study and most likely you will need years before you can actually trade with the skill necessary to make money in the markets, and this explains why we see so many people losing money in the market as deep down they did not knew what they were doing.

I am very happy that you were able to find your weakness and get strong even after you had made some mistakes which can be very annoying due to your entire view of the crypto market in the wrong perspective. All these things you have mentioned are one of the things we all have to do to make sure that we all get the kind of reward we want in the crypto market.
It's very good to diversify our knowledge and exploy new things just like we keep learning every day. We just needed to equip ourselves with the habit of learning to better our strategies.

The mentallity of rookies is very manipulable and impressionable, it is only enough for them to see on YouTube or Instagram someone who makes a lot of money and who shows them a life of millionaires, which in most cases is totally false, but even so they get carried away and lose a lot of money, because they do not understand that trading is complicated and that you can only make a lot of money if you operate with a lot of capital and with little capital it is in the very long term, because it is best to see trading as if it were a business, but not a way to become a millionaire, because it is the worst mistake that can be made and many do it, so that is where the big losses come from.

One guiding principle, particularly when investing in new ventures.
Don't allow your successes fool you into thinking you are an expert at it. Always pretend to be a novice so that you may challenge whatever they say.
When we are in the dark about something, we love to ask questions back. It is better to be in that position once more to avoid wasting money.
Skeptical.
You were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

I think you are referring to professional trader which has a long I think you are referring to a professional trader who has long experience trading cryptocurrencies. You are already a trader once you hit the buy and sell buttons, no matter if you have no knowledge at all or are a newbie, but that doesn't mean that you can start making money right away. That's where practice, reading, and learning everything about trading come in. There are no certificates or years that could now lead you to conclude that you are a trader. Earning a profit from trading really requires a lot of patience and years of understanding before you see the results of it.

At the moment when we begin to believe that we have figured out the intricacies of trading, that when we usually make a big mistake, which leads to a complete loss of money. Therefore, we must assess the risks every time and stick to our trading strategy.

This is correct.

Most of the newbies are asking what coins should they invest, but they don't know why they choose those coins because they just blatantly choosing it from other person picks without actually researching why and what are the reasons behind this and then they blame crypto because it's "bla bla bla". That's what common newbies actually are in my experience.
Do some research first before doing anything even you pick it from other person, so you can actually learn and try it by yourself once you are ready.

That's a good lesson and a right thinking there. It's true that when someone got some success investment, they think that they're the best on it and considers themselves as experts.
Don't get fooled by that because you'll never know what mistake you may do and it's better to have that side of always eager to learn more new things in terms of investments, especially in the crypto market.

I think you have to think about something that is like the basic concepts, and that is, as long as it is about Bitcoin and altcoins, it is known that the King will always be Bitcoin, if bitcoin is doing well, then by nature all altcoins will it will go well, that is something that cannot be denied, for me that is the main one of all the major concomitnos and the other thing that must be taken into account is that many will say that X altcoin rose in price despite the fact that Bitcoin fell a lot, the people should know that these currencies that rise so much are those that survive from large pumps and dumps, that is something that must be taken into account, and that most of the time bitcoin will always have very high ATH.

  - It's true what you said Sir, there are just a lot of people entering the crypto business these days who think it's easy to make money here. They don't think that ideas and knowledge are necessary so that whatever capital we have here is not wasted.

Because the others who are newbies are taking risks because of the little knowledge they have heard about cryptocurrency or bitcoin they feel they already know everything in the field of cryptocurrency. It is not necessary to be an expert, but enough knowledge or just the basics will help newbies a lot.

This is still a newbie move; like their first trade, they win and think that what they do is always working in their next trade. They will then start boasting about it but usually when they try it again, they will realize that it is not always working and start losing money. That is also a sign of a lack of knowledge when trading or investing, which still needs to learn more. Those we call experts do not call themselves experts mostly because they are still learning, even though they already know a lot.

To support the idea of "Experience is the best teacher", I also had the same experience with you, before I invested in any projects though, I tried to give myself the necessary knowledge. However, some of these are not enough to understand it well. Later on, I proceeded on investing small amounts in various projects... some of which are successful, and some are which I got scammed. From that, I understood their processes, furthermore, these experiences helped me to become less vulnerable to fraud projects.

Here's my piece of advise to all new comers or neophyte who try to enter here in the cryptocurrency,

Every mistake we make in this industry will open our minds to the dos and don'ts to achieve what we want to earn in the world of cryptocurrency. This error that we will experience here can push us to continue or not with the matter that you will enter here.

So my question is can we face the challenge of failing or dare to fail? Because if anyone new to the crypto business can't deal with this, all I can say is that this opportunity in cryptocurrency or bitcoin industry is not for you, that's as simple as that dude.

The main thing in trading is not to lose your deposit and this is relevant not only for beginners. And this cannot be done without proper knowledge about trading and cryptocurrencies in general. It is knowledge combined with experience that will give you the opportunity to make a profit.

Many of our cryptocurrency communities are misled and deceived by news about crypto because others are paid to become victims or are given false information about crypto.

Just think what if the USA declare all the crypto as security then what will happen to these 12000+ token that is circulating in the marketplace? Most of them will be worthless and Many people from the USA will be forced to sell their tokens. We know this will have a very bad impact through out the whole crypto space. I think they are going to announce all the POS as security and ETH will be the first to the tank.

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

Those that came earlier than us were lucky because the market as of them was not as fraudulent as it is today. There was little or no scam coins then, if you can buy some coins for yourself would hold for sometime it will rise into profit and you'll be happy in the market.
But today such cannot be said because apart from bitcoin and maybe three or a little more altcoins, buying any other coin and expecting it to rise in the future is at your own peril.

So, the level of learning required of any one is even more higher now than before. Presently you don't only have to learn, you need to be very smart .

Experience is the sauce to the food, you can cook any food without any salt or pepper or any other sauce but at the end of the day it’s not going to be a good food. Reality is that the difference between cooking a pasta with just water and nothing else, versus cooking a fettucine alfredo will always be very different in taste. If you lack everything and just need to feed yourself so you don't starve, then either will do, but if you want to eat good food, you will pick the latter.

So, you can learn trading as much as you want, just study for 10 years with no trading at all, pure studying and know every possible thing about it, but if you don't trade and learn, you will fail.

In the cryptocurrency space requires a very strong mentality with all the possibilities that will happen here. Adequate knowledge accompanied by experience will shape our mentality. But not infrequently they also give up because their mentality is not too strong when they experience losses. That is why we are advised to use money that we are prepared to lose. There are many factors that influence where the price will move and we are required to understand all of them. It doesn't have to be fully understood, the most important thing is that we know the basics about it.
Nothing is easy in the world of trading or investing, everything has its own risks, but it can be prevented as long as we are willing to learn. Especially for beginners, of course they will be confused at first, and it is recommended that they have people who can be asked so they don't move without a knowledge base.

Or simply sticking out with the theories without actual experience would be entirely be that useless or not really complete at all since it would really be that lacking and there are indeed things which is really

that crucial for you to be able to learn up or shall we say complete.In regarding into your definition or assumptions basing on those situations then it is really that precise and i heavily agree with that.

You cant able to learn up things if you dont able to try for yourself which is actually that you do need to do so, if you are really that serious on learning and sustaining
it for longer time or duration.So its up to your own choice!

The best way to learn is through experience, wise people have said. Your limited experience will serve as some guidance for you now that you are aware of the importance of having thorough knowledge about cryptocurrencies—rather than just a basic understanding—before investing in them because of the inherent risk. I'm hoping other forum users and newbies will take these into account so they can use the current bear market wisely and without making mistakes.

When we say money that is prepared or afford to lose, that money isn't really huge. When we lose, we still have money left to continue and try again.

When keep on doing this, experience is also building. Indeed that having a basic knowledge at least on factors that influence the price is fine because they are sometimes not guaranteed but the price can still be able to move on its own, like for example when there is negative news, we then think the price will fall. This is true sometimes but sometimes the price can continue to rise. In your last part I think what you mean there is to have a mentor but that can cost money. Learning on our own way is still the best.

Money is one of the basic need we can't do without because we need it in almost everything we do like buying of our essential needs and wants. Money come first before emphasis on trading, that's the process where funding comes about. There are basically variety functions of money and it's what we aiming to get like profits in trading. Putting in much hardwork and experience will shoot out to some positive results at the end. As they say, experience is the best teacher and it's self explanatory to everyone on the planet Earth.

There is no saying that there will always be a profit by trading, sometimes there will be a profit and sometimes there will be a loss and you have to accept these two trades. However, I think that you must have a good idea to trade, otherwise a trader will never be able to make a profit.

I think that until now there are still many people who do not apply it to be honest. This often happens to newbies entering this industry. Because the only thing on their mind is to make money, although I don't include all newbies in the crypto space.

But if research is done first before investing in something with the right method, surely no one will go home a loser in whatever cryptocurrency they buy, this is just my opinion. Which I think is correct.

Cant really deny that im one of those noobs that do really believe that we could really be having that easy money on this market until the reality do slap you on the face which made you realized that it was

never been easy.I have learned up the things on hard way which i have lost lots of money due to greed and being too desperate on making myself rich.
You would really be having those first impressions specially if you do saw others who do make huge profits.

In the time where you are the ones who do make out such move, then it would really be raising up lots of questions.

In my opinion i just think that not anyone should follow the other person, not even its family member and friends because he will perhaps more familiar with crypto world but you are not. Other important point is that if you fully understood the things related to investment then its the time when you should have to join it but its reality that even experienced guys can also lose if condition become harsh.

One would be safe if they only invest in bitcoins in the long term. They are likely to lose in the short term due to price volatility, but in the long term it is likely that the holder will get a decent return. But anyone who invests blindly in altcoin without doing any analysis, then of course they will most likely be trapped in altcoin that have no potential where the possibility of loss is clearer than the return.

In my opinion, it is better to buy bitcoins in a hurry than to invest in altcoin that have no potential, but they may have to wait a little longer for the returns to be truly worth it.

Cryptocurrency has become a popular trading platform these days. People's desire for which is increasing day by day. However, many have faced big losses by investing without knowing about this. Investing in cryptocurrency is risky because it is the most volatile asset in the world. There are many things you must consider before investing in crypto.

Research is Mandatory, Make a balanced portfolio, avoid doubtful project, Use the right wallet, Gather enough knowledge. If you don't know about these things there is a high possibility to loss your assets.

There are many people who plan long term in crypto without even realizing it. In this case, many of those who invest in Bitcoin are profitable, while those who have invested in various altcoins in the hope of more profit have no chance of getting back. But for investing in cryptocurrency all the time is better for investing in Bitcoin.

It's never a good idea to rely just on other people's opinions without conducting your own study, especially when it comes to bitcoin trading. You need to conduct a thorough analysis before entering the market, not just other people's opinions.

having enough knowledge first before you are into any investment is the best way to be in safety side because it is the  knowledge that will defend anyone against wrong direction. So my advise to newbies should learn well first before are into trading, many people losses money in trading because they refuses to have enough knowledge about it.

That is why DYOR is very much important not only in cryptocurrency investment but certainly in all aspects of our lives. Learning to diversify is a smart way, but I don’t think we should jump to that when in the first place we are not profiting yet. So the first focus is still to gain knowledge and invest in a prominent coin like bitcoin. When we are making profits already, that’s the perfect time to diversify. And when we say diversify, we should not limit only to crypto, but we should take considerations too investing in stocks, real estate, or even in gold. That way, we will gain additional profits from different type of investments.

This is what noobs do believe that making money with trading is pretty easy until they would be finding out theirselves getting fucked up with the reality.Its never been that surprising and this is usually the first time

experience of every trader and into those people whom do believe that it was easy.Its never been easy in the first place, it is really just those first impressions arent really just that right and they are
really just believing on things which arent true.

If you do want to sustain then deal with the risk and try out to be that disciplined and getting more experience and enhance out your skills.

It doesn't always have to be a mentor that we pay to teach us, even people who are older and have more experience I think they will be happy to give us an explanation of what we don't know. And if we even look at this forum when beginners ask questions, they will answer happily and don't even hesitate to give directions on what to do.
I personally would be excited to tell people who ask me about bitcoin, and that is exactly what I wish I had. Because if they come by themselves, it means they are serious about what they want to learn.