Learnings from crash

[LuvCyanide]

For me, the lesson is to put stop losses on time, the currency can fall at any time. When the currency is on the rise it is necessary to fix the profit in dollars.

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[Eva_me]

What do you think you learned from the crash? Hmm ... Perhaps then periodically you need to fix profits. If you do not, then you become a long-term investor.
Also I was convinced that it is not necessary to sell in a minus. All by a little increases in price, I can already sell some positions and have a profit from it.

[exalterego]

and allocate some profits from alt into ethereum and bitcoin.

That's actually what everybody does since these two cryptocyrrencies seem to be the most profitable (though there are some other alts like NEO and Dash that have gained great popularity).
Thanks god I've never lost so much money as some people describe here on the forum but your strategy of reducing the risks to the lowest possible level seems good to me.

[Omega Weapon]

What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!

What I learned from this crash was that I was strong enough to resist it, until the crash came I was very sure that I wanted to be a long term holder but I have not encountered a crash big enough that will make me doubt of my position, and even after we saw such a crash I was still convinced to be a long term holder and not even for a second I thought about selling my bitcoin, so I know that no matter what the market throws at me I will resist and keep my bitcoin.

[ritikasimi]

I learned a lot of things during the last 3 months dip...I was new in crypto & don't take any profit from my coin because I want more profit as a result I am in huge lose..so I think always take profit from your coin..

[Joriecoinbit]

What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!

What I learned from this crash was that I was strong enough to resist it, until the crash came I was very sure that I wanted to be a long term holder but I have not encountered a crash big enough that will make me doubt of my position, and even after we saw such a crash I was still convinced to be a long term holder and not even for a second I thought about selling my bitcoin, so I know that no matter what the market throws at me I will resist and keep my bitcoin.

The market prices crashes at the huge rate and other individuals are in panic selling. This is the most risky times because the prices is unpredictable which it has a possibility to fall .For the safety of coin take a long term holder because it has a chances to bounceback at the current prices.

[Kim Ji Won]

What do you think you learned from the crash? Hmm ... Perhaps then periodically you need to fix profits. If you do not, then you become a long-term investor.
Also I was convinced that it is not necessary to sell in a minus. All by a little increases in price, I can already sell some positions and have a profit from it.

That would be the basic concept of all investors but not all investment that went down in the gutter will bounce back eventually if you give it more time. Some investments although you do not know what will happen, will lose its value it will never go higher than your point of entry so better you do a lot of research in your current one like reading news, following twitter page or any other social media accounts so you will always be on the loop and be updated.

[susuberuang]

yes you are right to learn from failure is the best key to be able to earn a lot of profits if you realize a lot of trading players and successful people before becoming successful and wealthy he never became very difficult and often fail but from that failure he can learn and try hard not to repeat the failures that have ever experienced.

[traderethereum]

For me, the lesson is to put stop losses on time, the currency can fall at any time. When the currency is on the rise it is necessary to fix the profit in dollars.

this is another solution to prevent the crash and although we are getting lost, the amount is not too big if we applied this. but I think the important lesson to get out from the crash is don't get panic because once you are panic, you cannot think and your decision will make you lose much money. it is better to stay calm first when you see the crash and think about how to prevent the more losses that you might get and find a solution to get out from the crash. it is difficult and needs learning but the result will make you satisfy if you succeeded to get out from the crash.

[Herressy]

yes you are right to learn from failure is the best key to be able to earn a lot of profits if you realize a lot of trading players and successful people before becoming successful and wealthy he never became very difficult and often fail but from that failure he can learn and try hard not to repeat the failures that have ever experienced.

this is where they finally knew what will be the best moves that they have to do next after this crash for being patient for everything is what we should and we able to make this things more good to be.

[Jhomzky23]

Learn to cut without mercy. If cutloss point is hit, cut immediately before you turn your loss into bigger ones.

[Saichoukyushin]

yes you are right to learn from failure is the best key to be able to earn a lot of profits if you realize a lot of trading players and successful people before becoming successful and wealthy he never became very difficult and often fail but from that failure he can learn and try hard not to repeat the failures that have ever experienced.

this is where they finally knew what will be the best moves that they have to do next after this crash for being patient for everything is what we should and we able to make this things more good to be.

The learnings and possible lessons that a trader must get is differs from any other traders. Learnings from failed trading or crash is needed to be adjusted but not totally avoiding it somehow in some cases you will encounter it again but you will do another strategy over this cases.

[TooDumbForBitcoin]

Learn to cut without mercy. If cutloss point is hit, cut immediately before you turn your loss into bigger ones.

But it can't be emotional move because of situation became scary for you at the moment. Only if such move was planned from the start.

[bettercrypto]

What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!

It is normal to lose in a crash. We should accept the fact that we are not always gain everyday or even everytime. There are always trend in the market and we need to react based upon the move of the market. If we fail to make profits in trading, don't quit! For sure, there is a new opportunity that awaits to us. Just learn from our mistakes and build a new day for trading.

[raven7886]

it is very important because in the future there will be success and there are accidents as well. so it's natural in trying to have things we do not want. the important thing is never to despair because of failure or accident that we ever experienced and that too also make our lesson for the future can be better

Yes. The most important thing in failure is that you should not be discouraged, it is an extremely important factor to help you succeed in the future. We may be afraid of failure, but let's look at them as a lesson.

Once you are down, you could never ever get up again. You need to work in good aspects while things are okay and you need to work good as well even when things got changed. If you are loser sometime, don’t just stick with it. Life is so long and it is a chain of opportunities and chances so don’t just worry and devastated for a loss of one chance. There are so many more to come.

Are you serious ?
Only a born failure would get down and never get up.
It is normal to fail and make mistakes once in a while, but what makes you a winner at the end is learning from it and doing it better next time. There has not been any one in this world who is totally perfect and those who are close to being perfect have made so many mistakes and learned from those experience to be able to do things better.

Hence the idea of you not being able to get down when you get up is just absurd.

[Dreamchaser21]

Learn to cut without mercy. If cutloss point is hit, cut immediately before you turn your loss into bigger ones.

But it can't be emotional move because of situation became scary for you at the moment. Only if such move was planned from the start.

Setting your cut loss is a good strategy for a trader because it can really help you on saving some money from the crash but don't panic easily look for some confirmation of a crash before you sold your holdings. Always learn from the crash don't make the same mistake again.

[TheUltraElite]

But it can't be emotional move because of situation became scary for you at the moment. Only if such move was planned from the start.

Not everyone has planned from the start. The new people who start trading without the knowledge of market spread wont be able to decide on what price to set buy or sell orders. They will end up buying high and selling low - leading to a huge loss and then they will go to their friends and say "Trading is usless and exchanges are scam."

We all fail to notice our own mistakes. Its true that mistakes happen but then you must rectify it and learn from them not to repeat them.

[lamadu3]

Everytime when price is not good at the saddest point that were lose we should have make  a way not to lose hope. Rather make a hope that price is normal down and up. And it may recover in time so invest on your willingly to lose.

Another great lesson of this big crash of the market was the following one: always stay patient, and do not be in a hurry to sell your coins as they will gain after the fall.

[Prettyme]

For me, lesson learnt is to buy the dip on my choice coins that soared out of my reach. It was so nice having to buy into some of these coins.

As for the crash I learnt that in cryptocurrency whenever a coin with a good use case goes down it will bounce back. Another thing is that we should never wait forever to take profit on our holdings. In addition to all that, I discovered that bitcoin is the pacesetter here. Whenever it (btc) goes down, the altcoins also go down. These were the great lesson for me during the dip.

yes it was a great learning because you can really gain a very effective strategy. As they said we must buy low and sell high which is in lined with this tactics buying during its big dip and eventually it will go up and gained a huge profit.

[darewaller]

it is very important because in the future there will be success and there are accidents as well. so it's natural in trying to have things we do not want. the important thing is never to despair because of failure or accident that we ever experienced and that too also make our lesson for the future can be better

Yes. The most important thing in failure is that you should not be discouraged, it is an extremely important factor to help you succeed in the future. We may be afraid of failure, but let's look at them as a lesson.

What happens with experience is that we learn a lot from it. Most people who have ended up doing well in the trading world till date have been able to learn one thing or the other from the experience they have garnered over the years and some of the mistakes they have made. It is normal when you are even still new to a particular world, mistakes are bound to happen, but the main idea is to learn how to utilize those mistakes for your own good at the end.