If you could give "past you" advice what would it be??

[SonOfJack]

If you could travel back in time and give yourself advice what would it be?

I don't mean things like buy "x" coin and sell when it reaches "x" dollars, but more general advice on how to trade in cryptos effectively.
I'm still new to trading and don't know the best way to fast-track my learning.
For example:
- read every thread you can on here and other crypto forums?
- trade small amounts in alt-coins to get a feel for the way things work?
- read every white paper you can and invest in every ICO that has merit?
- just study charts all day to the point you see them in your sleep?
etc.

Unfortunately due to my job I don't get a lot of spare time so I was just wondering what other people opinions were on how to make the most of your time.

[Cryptic_crumb]

My advice to you would be "Daniel-san, never keep your money on BitCoin exchange, always put it all back in the wallets".. Because of mtgox, btc-e and many others who went down and destroyed peoples finances. 

[mk4]

Ehh.. alot of things. Painful to think of actually, know that starting a year later in cryptocurrency would be a huge huge deal in terms of possible gains.

• Don't base your opinions on reddit,bitcointalk,facebook posts. Research everything.
• Don't be lazy and read the fookin whitepaper.
• Don't be too impatient and use market trades. Wait the prices out a bit.
• DONT GO ALL IN ON ONE CRYPTOCURRENCY

Those are just some. Thinking of all my mistakes is pretty much like slapping myself in the face. Well atleast I've learned from them already.   *maybe*

[ZoranGajic]

I think about this sometimes. Here is the thing. I had an opportunity to buy 5.000 bitcoins  for 0.01 USD each, so that would cost me only 50 USD back then. Me and my friend discussed about bitcoins then and we were "too smart" and realized all the potential problems and stuff bitcoin will have to deal with like scalability issues and few others. So we were so smart and decided it won't work and I simply decided not to spend my money on it. From that point further I completely stopped reading forums and articles about bitcoin, simply forgot it. Until few years later I spotted news on the radio that bitcoin reached 1000 USD...

So yeah I still joke about this how I missed great opportunity to be a millionaire today. So my advice to past me would be of course buy those bitcoins at that moment. But the second advice would be more important. Dont stop reading forum posts, dont stop watching how project evolves and put more energy and effort in understanding the tech behind it, dont judge too fast...

First advice would make me buy bitcoins at almost best price possible. The second one would probably help me not to sell them when they reached 1 USD LOL ... Bcause that was my initial plan before i changed my mind alltogether... To sell them at 1 USD if somehow they ever reach that point (my words exactly, from past)

Just my 2 cents

[SonOfJack]

Ehh.. alot of things. Painful to think of actually, know that starting a year later in cryptocurrency would be a huge huge deal in terms of possible gains.

• Don't base your opinions on reddit,bitcointalk,facebook posts. Research everything.
• Don't be lazy and read the fookin whitepaper.
• Don't be too impatient and use market trades. Wait the prices out a bit.
• DONT GO ALL IN ON ONE CRYPTOCURRENCY

Those are just some. Thinking of all my mistakes is pretty much like slapping myself in the face. Well atleast I've learned from them already.   *maybe*

I think about this sometimes. Here is the thing. I had an opportunity to buy 5.000 bitcoins  for 0.01 USD each, so that would cost me only 50 USD back then. Me and my friend discussed about bitcoins then and we were "too smart" and realized all the potential problems and stuff bitcoin will have to deal with like scalability issues and few others. So we were so smart and decided it won't work and I simply decided not to spend my money on it. From that point further I completely stopped reading forums and articles about bitcoin, simply forgot it. Until few years later I spotted news on the radio that bitcoin reached 1000 USD...

So yeah I still joke about this how I missed great opportunity to be a millionaire today. So my advice to past me would be of course buy those bitcoins at that moment. But the second advice would be more important. Dont stop reading forum posts, dont stop watching how project evolves and put more energy and effort in understanding the tech behind it, dont judge too fast...

First advice would make me buy bitcoins at almost best price possible. The second one would probably help me not to sell them when they reached 1 USD LOL ... Bcause that was my initial plan before i changed my mind alltogether... To sell them at 1 USD if somehow they ever reach that point (my words exactly, from past)

Just my 2 cents

Aside from buy "x" coin, i wish i could advice "past me" not to invest in ponzi game, do more research about bitcoin/blockchain and never trust centralized wallet.

My advice to you would be "Daniel-san, never keep your money on BitCoin exchange, always put it all back in the wallets".. Because of mtgox, btc-e and many others who went down and destroyed peoples finances. 

Thanks for the tips guys, really appreciate it.
It seems LOTS of research and moving your coins to personal wallets are 2 of the most important keys to being successful.

[DoublerHunter]

If i will give advises to my past me then i will just tell myself that; don't go for short, go for long term because it is the best for an investor to go for long term so i couldn't miss anything and also do not let the emotion control you, control your emotion, that is what is my main problem was all about it is all about the emotion that drags me to have a greedy move and it makes me regret in the end of the day.

[warwar]

If i will give advises to my past me then i will just tell myself that; don't go for short, go for long term because it is the best for an investor to go for long term so i couldn't miss anything and also do not let the emotion control you, control your emotion, that is what is my main problem was all about it is all about the emotion that drags me to have a greedy move and it makes me regret in the end of the day.

Agree with you pal. Sort of I always selling my coins in dumps and I cant wait when the price hits high. I always sell it in low price because im scared that it will go lower not thinking of it will go higher but not now in few months like you sold it now but after a week the price doubled and tripled it really hurts badly loosing a ton of profit

[Sadlife]

It seems to me you can't both jobs at the same eventually you have to let go thr other to focus on the other but the decision is up to you whether you stsy in the world of crypto currency or being an employee. If i could be given a chance to travel back time i would advice myself to not invest in any cloud mining platforms or any ponzi schemes and introduce him the site bitcointalk but i know he wouldn't listen so i'll just chill and go to internet cafe's, buy food or bet in some gambling that i already know the results then win and give it to my past self lol.

[UsernameBitcoin]

I wouldn't give my past self advice. It would change who I am now. We cannot go back or forward in time, only now.

[erickkyut]

If I can give my past self an advice, I would tell him to start investing in Bitcoin earlier and stop investing on HYIP and Revshares because they are ponzi schemes. I was scammed different times before on those kind of investments. I will teach him to start and do trading and tell him to join signatire and different bounty campaigns to get more Bitcoin.

[cpfreeplz]

Take out your retirement fund. Get the biggest line of credit you can and buy as many bitcoins as you can. Congrats, you can retire at 30 or 40. Instead I didn't take any risk at all and here we are with a good looking wallet but I'd rather have an amazing wow super doooper story and wallet.

[BitcoinBarrel]

HODL

[CryptoBry]

I want to be talking to myself here. You see, just like many of us here, I also committed many mistakes recently that seems to have contributed to my financial standing which is not really that good (though not also very bad). I guess the advice would be to never trust anyone who claims to be good at this and good at that as anytime that person can also commit mistakes and can be gone in an instant. And another thing is never invest in programs which are already proven not to be sustainable and can collapse anytime they be clear ponzi, revshare or pseudo-trading programs. I am still recouping all the money I lost right now.

[Diablesfunis]

Don't hestitate to buy some bitcoin, never go all in on one crypto, have patient (hodl) and don't jump from one crypto to another one because that one is up right now.

[mrcash02]

Lol, if I were going to the past why would I need to tell myself to read the charts, etc as I would already know what would happen exactly? I would just tell myself buy maximum Bitcoins as possible, start searching for Bitcoin from 2011 on... Collect maximum as possible from faucets. I would tell some future important events too that could help somehow and another personal things.

[Pursuer]

the only good advice is to never listen to random people!

it is a common thing in the world that people spread lots of bullshit around and when they come online this becomes more severe. and when it comes to bitcoin things become even worse. there are a lot of FUD, a lot of people who don't even understand what the hell is going on but they have a hot opinion about everything.

this doesn't mean you shouldn't use what some useful people say, you need to gain enough experience to be able to first make your own decisions and second figure out who is just FUDing and who has a point.

[mx667]

I will tell myself :

1. Buy btc when the price is still low.
2. Start blogging. Start build a blog or a website for Adsense.
3. Start typing captcha.
4. Start posting in this forum.

 

[JanpriX]

Come to think of it, this might be very useful and can provide details on what I learned so far in trading crypto. Here are my "lessons" to my "past me".

• Learn to take profit. Set a target price where you'll be selling your bags and sticks with it.
• Make some price alarms. Prices in crypto could swing in just a matter of seconds/minutes.
• Don't leave your coins to any exchange for longer period of time.
• Buy the fucking dip and just HODL.
• Be patient and enjoy life.

[roomfirst]

Of course i will buy many bitcoins when the price of bitcoin still low, using all my money to buy bitcoins on that day and also i hope i never met gambling in the past. It's really cost me so much, makes my life become worse and my college also destroyed because of gambling. Thats 2 points that i hope can give me advice in the past.

[HabBear]

To not be so turned off / afraid / dismissive / lazy about engaging in bitcoin when the means to acquire via purchase were tough and required wire transfers and dodgy websites. It was so easy to move on to some other curiosity. But it would have been so worth it to just put in a little effort to get involved.

Hindsight is a mother fucker, eh?