Reflecting on Crypto Gains and Losses: A Personal Journey

[aima55]

Hey everyone,

I've been in the crypto space for about four years now, and I wanted to share some thoughts on my experience, particularly regarding profits and losses. Like many of us, my journey has been a mix of ups and downs.

Looking back, I've realized that my overall losses have outweighed my profits. It's a tough pill to swallow, but I think it's important to be honest about these things. The volatile nature of crypto markets can be unforgiving, especially for those of us still learning the ropes.

Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

[X-ray]

It's good that you keep track of your trading. Finding out that your losses outweigh the gain is actually the starting point to turn things around.

I personally also keep track of my trading and actually find out that the biggest gain i've made actually around the transition of the market trend from bearish to bullish where all the coins actually made more than 100% gain and it does make up huge percentage of my profit.
at this current trend of price swing however, its just bunch of gain and setbacks, I think it's kinda normal to be affected heavily by the current market sentiment where even the veteran trader doesn't have idea whether we're gonna be heading to $100k or we gonna dump all the way to bearish market all over again.
the news about mt.gox crediting billions of dollar worth bitcoin is such a concern for many traders that the market lately has been quite swayed. It also making me think that whether i should just settle with current profit or not. however in my opinion, the thing that could heavily helps me in staying profitable is being conscious of the current narrative, just following where the trend going.

[tygeade]

Well, I've been there too, mate. I've also experienced a ton of losses, but I'll keep going, intact. Just yesterday, one of my favorite crypto influencers was talking about how tough the journey can be at the beginning, but consistency, learning, and building every day, as you said, can lead to that big win. It only takes one significant win. This inspired me to explore more, like the event I saw on Bitget called 'Double Your Losses, Cover Your Losses,' which is for traders. Traders can win a pool price of 50,000 just by trading. I feel you can also check out events like this to help you bounce back.

All of us experienced this but maybe some have already given up, while some are still going and maybe have already improved their performances. Congrats to them. This is the ones that we must do, to continue because thinking too much about the bad things won't help us. I wonder what is the name of that influencer where you hear their story/advice. If it's okay, maybe you can share their name here because it's now rare to see an influencer like that and we can learn a lot of good things from them that can also help us on our journey here in the crypto world.

A significant win can compensate to all of our losses, efforts, and hardwork but we must not only look forward in it, so that we won't be contented and maybe settle down after it.

[JoyMarsha]

It's really a tough pill to swallow as so many crypto investors have to watch their altcoin investment dip in losses at bitcoin price get corrected.

The feeling is very terrifying when you know that nothing is to be done to get market control or dance in your favor to make you recover your losses at once. However, this is the time for someone's patience to be tested and how weak their hands can be in not selling their bitcoin or altcoin holdings at a loss price

[Wexnident]

~

That's pretty normal ngl. Pretty sure my losses back then are pretty close to almost evening out the profit I made through this year of DCA'ing. I'm personally glad that it my losses were pretty low and that I stopped early on after realizing I suck at trading. And like you, despite knowing that, I still went ahead and found other methods to invest, like DCA! And just recently I've been going back to shorting some stuff, more of gambling really and less trading but hey, I'm still using my brain to think (or assume) how things would go.

[Tipstar]

Hey everyone,

I've been in the crypto space for about four years now, and I wanted to share some thoughts on my experience, particularly regarding profits and losses. Like many of us, my journey has been a mix of ups and downs.

Looking back, I've realized that my overall losses have outweighed my profits. It's a tough pill to swallow, but I think it's important to be honest about these things. The volatile nature of crypto markets can be unforgiving, especially for those of us still learning the ropes.

Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

The same is for me. Whenever I have a good profit, I go into risking them and lose it all at the end. Specially when its time for the bull.
Not talking about past, I for the last one year of sideways market, doubled the money I put in with grid and swing trades. Almost all of my predictions were right and I was confident about my trading skill. After the news about Ethereum ETF broke out, I was sure there's going to be a price hike on crypto and sold all of my coins to get 5 different pairs of leverage trading. I was not risking it at all. The liquidation price were 20% lower than the price I bought them at. Yet all of those coins did managed to hit the liquidation price on the subsequent price fall and bounce back from that point. i.e. the prices stayed below the liquidation level just for a few minutes. Whether it's my bad luck or what but I don't seem to earn from crypto.

[batang_bitcoin]

Hey everyone,

I've been in the crypto space for about four years now, and I wanted to share some thoughts on my experience, particularly regarding profits and losses. Like many of us, my journey has been a mix of ups and downs.

Looking back, I've realized that my overall losses have outweighed my profits. It's a tough pill to swallow, but I think it's important to be honest about these things. The volatile nature of crypto markets can be unforgiving, especially for those of us still learning the ropes.

Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

Keep going mate. We're all here because we've got a mission and a goal of making profits. If you're more dwelling in your losses and you're still holding on. That doesn't mean that you're going to lose forever. There are setbacks, yes that's true but the ones that don't give up eventually wins at the end. So, you count on yourself as someone who stays until you become a winner and able to recover those losses and you get into the profit margin that you deserve.

[coin-investor]

I've been in the crypto space for about four years now, and I wanted to share some thoughts on my experience, particularly regarding profits and losses. Like many of us, my journey has been a mix of ups and downs.

Looking back, I've realized that my overall losses have outweighed my profits. It's a tough pill to swallow, but I think it's important to be honest about these things. The volatile nature of crypto markets can be unforgiving, especially for those of us still learning the ropes.

I've been in this sphere for seven years and like you, I experienced tough decisions and a lot of downs and a few ups, but this is where experience in losses becomes our source of strength in decision-making, the market's volatility is too high and our experienced on how to look in the market becomes our advantage

Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

We have to; we are going to regret it later if we stop and surrender to our setbacks, knowing fully well that blockchain technology is the future and there is a lot of profit to be made later on if we persevere.

[nelson4lov]

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Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

The fact that you've gone back to the drawing board and looking to improve your crypto strategies and risk management skills means you're already on the right path to make a comeback. It would've been a problem if you had chose to just give up and forget about crypto but since you didn't, keep going! Like you, I have been here for years now and since then, I have had my own fair share of losses, gains, wins and losses. But instead of giving up, I'm reminded daily that there are still opportunities that exist and that I can make it all back as long as I improve my overall strategy and keep showing up daily. It's a bumpy road but in the long haul, we should be set up nicely.

[South Park]

~Snipped
Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

The fact that you've gone back to the drawing board and looking to improve your crypto strategies and risk management skills means you're already on the right path to make a comeback. It would've been a problem if you had chose to just give up and forget about crypto but since you didn't, keep going! Like you, I have been here for years now and since then, I have had my own fair share of losses, gains, wins and losses. But instead of giving up, I'm reminded daily that there are still opportunities that exist and that I can make it all back as long as I improve my overall strategy and keep showing up daily. It's a bumpy road but in the long haul, we should be set up nicely.

I do not know, the OP has invested money and a significant amount of time and yet after four years they still have nothing to show for their efforts, at this stage it is fair to question whether they have any chance to improve and become profitable in a relatively short amount of time, something that I believe is unlikely, so I think it is time for them to consider very seriously the possibility that investing and trading is not for them and do something else with their time.

[Ndabagi01]

Looking back, I've realized that my overall losses have outweighed my profits. It's a tough pill to swallow, but I think it's important to be honest about these things. The volatile nature of crypto markets can be unforgiving, especially for those of us still learning the ropes.

Despite the setbacks, I'm still here, still learning, and still believing in the potential of blockchain technology and cryptocurrencies. I've been focusing on improving my trading strategies and risk management.

It is good you're been optimistic on this trading journey and still awaiting to see the best for yourself in this journey. The trading journey is not an easy one and anyone that’s benefiting big from it today have spent some moments of bitterness and disappointment, but the best are those that don’t give up and want to see the best in their trading journey just like you. I’m very impressed and will want to encourage you more to not give up since you’ve set your mind to it and keep striving to become better in it. When you get to understand it and hit the jackpot, you’ll no more be incurring more losses than profits.

[Cryptoababe]

Yeah, also, the pain of financial losses drives many investors to chase high-risk memecoins instead of giving up. Lol. In a Telegram discussion I joined some dsys back, numerous participants shared how their losses had reduced their investment capacity. Just like you, they persist despite setbacks. Crypto investing seems to have an addictive quality.

[Text]

One thing I learned the hard way was during the 2021 bull run and the crypto crash. I had invested in a meme coin/high-profile ICO based on hype but didn't do my own research. That experience solidified the importance of due diligence for me. Now, I focus on aspect of my trading strategy and utilize some risk management techniques to minimize losses.

Keep believing in the potential of crypto and stay curious!