Crypto Investing Myths vs Crypto Investor Reality

[Cling18]

If you learn things about how cryptocurrency works then you'll be able to understand the movement of the market and you'll know how to deal with it. There are really lots of myths but if you have enough knowledge, you would know the right timing on when to buy and when to sell. We could apply our own strategy based on our experiences.

[jostorres]

There is this "overconfidence" issue with many veterans, they shouldn't really do it but they tend to do it because we are talking about stuff that are simple in their views, but sometimes things do not go according to the plan and that's where they fail. This means that doesn't matter if you are a newbie or a veteran, you should be focusing on learning more, making sure you studied, you researched it well and then take action.

If you remove even one of those, you will crumble even if you have been in this market for a decade. It feels weird to say a decade but we have been here for more than that right? So, it is quite important for everyone to take this seriously.

I don’t think that there is a point where someone would reach and they would be like they’re on top of everything, there’s always going to be things that you do not know, and that’s why learning should be part of our daily lives.

We should always make sure that we are learning, because in the cryptocurrency market things changes, what you know today wouldn’t be what would be there tomorrow, something can happen and a lot of things will change and if you keep on holding to what you knew yesterday, then you would be making a mistake. So that’s why we should keep on learning, it doesn’t matter if you have been here for a long time or you are just a newbie.

[tvplus006]

...The investor reality is that there is no “right time” for crypto investing.
The truth is that the market is impossible to predict. The market’s short-term ups and downs become far less relevant if you know this.
Pro-tip: The best time to invest is when you’re prepared.

Here I cannot agree with your statement, since it is very important at what price level you invest. And if you bought a coin when its price was high, then you may have to wait a very long time for its price to return to the purchase level. And in some cases, it can take years.