Know your limits!

[cheefbuza]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

[1714146298]

1714146298

[Emin90]

Thanks for general advice and you're in this with you fully rights agree. no need to hurry and carefully all study and carry out the steps in accordance with their knowledge.And more patience will not interfere, you can often meet a trader knows but absolutely no patience.

 

[Leane Lee Natividad Cuenc]

Thanks for general advice and you're in this with you fully rights agree. no need to hurry and carefully all study and carry out the steps in accordance with their knowledge.And more patience will not interfere, you can often meet a trader knows but absolutely no patience.

 

Dont be so proud of yourself.always remember no one will win if you dont know how to be humble, You should not jump in your own conclusion,you should always think twice or more than that before you move and do other things especially if that matters not possible for your own good.

[CongHoan]

thank for your sharing ! It's helpful

[palle11]

I guess you were in a haste to make money from your capital and you did under study the coins you wanted to invest on and jumping in when they were already being dump, therefore, catching a falling knive.

My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.

[davis196]

Did you lost everyhting?Do you have a plan about how to recover your capital?
Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to  success.Just don`t give up and you will start making profits slowly.Why do you post your cryptocurrency portfolio here,OP?There are experienced traders,who can give you some useful tips.

[PsylockReborn]

I hope you are doing alright.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

I was also in the same shoe when I started trading crypto last year. At first I was so excited seeing bitcoin pumped up and all other alt coins. It was my first trading experience and I'm very proud of myself for doing it right at the very beginning. I tripled my investment and almost lose half of it few months back when blood bath came to almost all cryptos.

I got scared and let my emotions take over me as a trader. Ignored the possibility that market will correct itself. I was so hyped with the trend so I got buried cos of greed.
Sometimes greed can make us all lose in trading. Since most all of us traders are very optimistic, we tend to get greedy when a coin pumps up we just can't stop. The contradictions from the supposedly trend just to follow our gut feeling, emotions and greed will always make us lose.

We should be glad we have experienced this kind of scenario in the cryptoworld for it taught us to be more cautious and could help us make better decisions in the future.

Patience and humility is really the key to everything. Goodluck to all of us!

[aoihs00]

Did you lost everyhting?Do you have a plan about how to recover your capital?
Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to  success.Just don`t give up and you will start making profits slowly.Why do you post your cryptocurrency portfolio here,OP?There are experienced traders,who can give you some useful tips.

He posted it here because he might want to share the thoughts I believe. It might be nothing but it could be something for those who are new to crypto trading and want to learn more and more about the crypto trading.

Anyway there is no problem in sharing such portfolio and self story as it could be learning for others as I mentioned up here. We always have to keep learning things for our good sense and increased knowledge of trading.

[peter0425]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

Sorry to hear that you lost a lot at this market. This is a very cut-throat economy. Everyone is really for the profit to make. That's why you will hear that strong hands always win and always on top.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

Of course, for sure you should know by now that the market is based on speculation. Just one FUD and everything is gone in an instant. That's why you should not be GREEDY. Its like gambling, we all know that you can' beat the house. But you can play everyday get a margin of profit and exit immediately.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Entry and Exit strategy is a must in this market. With so much volatility and manipulators you need to carefully plan your every move and get out as soon at you hit your target. Again, you don't need to be greedy. As long as you are getting profits then get out before your emotions take over, your decisions clouded and at the end lose everything.

[LodisMcguire]

Yes you're right,don't be tempted to risk your money by hoping it will doubled in short amount of time.Patience is the key,i know it can be scary when the price keep falling,but keep believe it will rise eventually,don't give in.Never use all your money into crypto,just invest enough so it can't be a hindrance to your daily life.

[harizen]

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

But on the other hand, sometimes it's good that others will be like that (not just lots of times).

Why? To feel the actual output of being driven by hype and speculation. To really experienced what things done by riding a wave, a trader must put themseleves on the current and let that current leads them to a specific point of "destination". After reaching the destination, there are things thaat will happened and that will now be part of the experienced of that trader.

What I mean here is, sometimes a trader must be on the actual problem for them to realized what things should be done on their future trading decision.

[malikusama]

What i have observed from your whole story is you lack the basic needed power in trading i.e "patience".
Every beginner dreams about 2x or 10x in a single night but unfortunately they don't have too much skills to make it happen.
These beginners (including you) usually go towards the pump and dump schemes to earn as quickly as they can, which is infact the worst idea.

Anyhow i somehow agree with "Know your limits" because Crypto market is too much unpredictable so you should not invest what you can't afford to lose.

[richardsNY]

Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.

I agree. That basically applies to all investments, but what I see a lot here on this forum specifically, is how people believe to have found a goldmine ICO, which is purely based on the people behind the project and the idea/concept itself. They completely ignore all the variables that in some cases are even more important than the project itself. I have always found it weird to see people have so much faith in certain ICO's, while it still is nothing more than a gamble, just like all other ICO's. If people acknowledge and accept the risks of such an investment, then it's all good, even when things don't go according to plan.

[Chikitita2004]

Thanks for general advice and you're in this with you fully rights agree. no need to hurry and carefully all study and carry out the steps in accordance with their knowledge.And more patience will not interfere, you can often meet a trader knows but absolutely no patience.

 

Dont be so proud of yourself.always remember no one will win if you dont know how to be humble, You should not jump in your own conclusion,you should always think twice or more than that before you move and do other things especially if that matters not possible for your own good.

I dont think he’s proud in what he said. He thanked the author even. He was just neutral and right in what he said. He is right we all need to be patient and no need to hurry. I shoukd thank the author too, what he shared is based on his own experience.

[coolcoinz]

I was doing that for some time. Watching the price, trying to calculate gains and losses, counting Bitcoins in fiat.
As a matter of fact you're wasting time watching the price of Bitcoin because you're worried that this is the most volatile investment and you're looking at fiat money like they were a safe haven that can save you from losing money when cryptos go into bear market. It's the other way round. If you're 100% in fiat money you're the biggest loser. Start looking at crypto as the safe haven. It will probably be the best investment in your life.

[herecomesjohnny]

A lot of people are trying to copy the progress and advances of the big whales which are putting their tutorials of the proper investing everywhere on the web. The problem is that a lot of this advice come from the false millionaires which have just copied someone else advice an showed it to the crowd. Many newbies are attracted by the bits of advice which are promising the easy profit in the crypto market.

Newbies can in most cases be disillusioned because of their own unknowledge. Everyone that is investing in the crypto should know his/her own limits and only invest the balance that he/her can afford to lose. Investment is risky and not knowing the limits is fatal as the OP said.

[ironman2014]

It's always better to learn from other people's mistakes than to do them yourself, thank you for sharing your story, there is something to think about before "making" money in crypto )

[carlfebz2]

What i have observed from your whole story is you lack the basic needed power in trading i.e "patience".
Every beginner dreams about 2x or 10x in a single night but unfortunately they don't have too much skills to make it happen.
These beginners (including you) usually go towards the pump and dump schemes to earn as quickly as they can, which is infact the worst idea.

Anyhow i somehow agree with "Know your limits" because Crypto market is too much unpredictable so you should not invest what you can't afford to lose.

"Patience" is always be the main issue on here on where most people do failed out to have when they are just starting out.We would really make false moves or mistakes which is normal since we are just new into this thing and we should really expect and accept those mistakes further more for us to be a better trader later on.Dont give up as long you can able to manage your funds well and not busting it all out.You might lose up some amounts but the learnings you have gained or experience is priceless.

[ylnar123]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

That would be right, in crypto your actions reflect directly to your output. Actions should be taken seriously and slowly in order to have the full edge of your investment. There is a volatility in cryptocurrency that is why hasty decisions will lead to a lose of your investment. Before going to crypto it is better to read, research and study how the marjet moves and how crypto works in our society so that losses will be minimized.

[dunfida]

What i have observed from your whole story is you lack the basic needed power in trading i.e "patience".
Every beginner dreams about 2x or 10x in a single night but unfortunately they don't have too much skills to make it happen.
These beginners (including you) usually go towards the pump and dump schemes to earn as quickly as they can, which is infact the worst idea.

Anyhow i somehow agree with "Know your limits" because Crypto market is too much unpredictable so you should not invest what you can't afford to lose.

"Patience" is always be the main issue on here on where most people do failed out to have when they are just starting out.We would really make false moves or mistakes which is normal since we are just new into this thing and we should really expect and accept those mistakes further more for us to be a better trader later on.Dont give up as long you can able to manage your funds well and not busting it all out.You might lose up some amounts but the learnings you have gained or experience is priceless.

Not only patience but also the emotions involve on doing trading this is also a great factor that do affect your trading habits or strategies.If you dont have proper control and dont plan on risk management then most of the time you will fail out on doing trading.Take this as a lesson learn for you rather than on giving up directly because you lose out on your first try out.

[khaled0111]

The good thing that you learned something, the financial world is really exciting and you can't stop your self from getting involved in it and accumulating as much knowledge as possible, but, when you start investing things will be completely different, all your knowledge can't help you when you start loosing, sometimes it is only about luck.

[Crypto della Mirandola]

Well, to know our limits - in trading as in any situations - is a very important skill.
But be careful, in a lot of situations, we have false limits.

[francis2]

Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.

I agree. That basically applies to all investments, but what I see a lot here on this forum specifically, is how people believe to have found a goldmine ICO, which is purely based on the people behind the project and the idea/concept itself. They completely ignore all the variables that in some cases are even more important than the project itself. I have always found it weird to see people have so much faith in certain ICO's, while it still is nothing more than a gamble, just like all other ICO's. If people acknowledge and accept the risks of such an investment, then it's all good, even when things don't go according to plan.

Yes, even if a project is good that does not mean it is going to become a success, this happens quite frequently in some other industries the best product does not always wins especially if the other product has a better marketing campaign or a backing by some big players of the industry behind them.

[Biscutard]

Well, to know our limits - in trading as in any situations - is a very important skill.
But be careful, in a lot of situations, we have false limits.

Does the limit really have that thing? What if you really gave everything but still nothings happen? Would you still call it a false limit? I think it is just a matter of experience in trading and a good technical analysis to really ride the flow of the market.

[mycomike12345]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

I’m glad I am doing the alright. In school, I learned the basics of what thw economy is all about. I had a glimpse of the micro and macroecobomic sector. It is but true that the economy is very complicated. It is like a wheel, it turns, and you may be up or down. When investing, no matter which financial institution you are into, planning a strategy is always the first step. Don’t let yourself get in the war with ni weapons at all. Patience, I believe, is essential too  since you will be dealing with the conplexity of the things within the economy. Thanks for the advice dear user. Such would be an eye opener to all.

[munir15]

yes, know your limits when you do something that it can be harm you or other people.. , you think first, not just once but twice before you do that,.. enough is ok at least u tried..

[CASTIEL05]

In everything we did, we must always think our limitations. We must always make things equally. Equal in a sense that it will not bring us harm or destroy one's life. Limitation is not the motto of the people, human does not have satisfaction. And that is one thing why we always lead in conflict because no one of us don't have the satisfaction. We are ruined by our own wants. Sometimes we need to know that living in Earth is enough.

[MakeMoneyBtc]

It is very true what you are saying here, a lot of people think they are different but in reality they are not different at all. I guess everyone has to lose something before they learn how the things work, because only a very few people can do something good from the beginning. Even if you have a very good strategy created by a specialist in this domain on business, it is hard to follow it because you always want to do this differently in you own way because you think is better and you always want to make more profit because you think you are special and you can.

[yinyangwinwang]

Well said OP and it seems like you learned a couple of good life lessons along the way which is good. That is one thing I have been preaching a lot of lately, and that is this space can be extremely profitable but only if you hodl or don't pay attention to your emotions. Deviate from that and you will most probably suffer (unless you are good day trader).

[zngit]

Thank you very much for sharing your experienced. By the way experience is the great teacher ever in the world toward ourselves. This kind of teaching is very powerful in our life that we always remember to take care every moment we do some activities especially business. Learnings so far is unforgettable. Then we should take care to our selves and before participating in one ico we should be strong.

[hermae]

Thank you very much for sharing your experienced. By the way experience is the great teacher ever in the world toward ourselves. This kind of teaching is very powerful in our life that we always remember to take care every moment we do some activities especially business. Learnings so far is unforgettable. Then we should take care to our selves and before participating in one ico we should be strong.

Thanks for sharing your experience, atleast it gives us newbie tips on how and what to do. I think we should be cautious in every steps that we make. We must aim something and try to achieve it but not in a rush. We should take it slow and we should not let our emotions control us. We must all be patient and not rush.

[Jico79]

Human limitations are unpredictable, but talk of greed is endless without the expression, the footsteps attached to the currency can not be said before. On the battlefield there must be winners and losers, so the value of the man goes with the money. Think carefully so that no regrets are the best way to keep yourself

[CryptoBry]

Entry and Exit strategy is a must in this market. With so much volatility and manipulators you need to carefully plan your every move and get out as soon at you hit your target. Again, you don't need to be greedy. As long as you are getting profits then get out before your emotions take over, your decisions clouded and at the end lose everything.

I learned the same lesson the hard way. I got some tokens and coins from doing promotional bounties since last year and I decided to "hodl" most of them until now...guess what if I have to compare the value to my holdings from last year I think I already lost more than 75% of their value. had I sold them when they hit their highest rate, I could have used the money to finance my other business. This is something that many of us should look into or as what you said one must have his own entry and exit strategy.

[ronics]

                     You just ignore everything ! Do you have a plan about how you can get capital ? We have tips for you , though it is just a short value for us because many people have posted on the majority who have tips here .every trades should learn from their  own  mistake .failure in just another steps rowards success .don't lose hope in your life and get started making profits too slowly and why we need to post cryptocurrency profolio here .do we have experienced with the trades .who can afford most useful tips.

[Indrawan77]

Its a fantastic advice, a lot of people put their investment without knowing anything and only led by greed, and without proper knowledge  they are gambling with their investment, although crypto investments is very tempting it got a very big risk, so people who want to involve in crypto should always learn and prepare for the worst and never used any money from your daily need, the market is very hard to predict and sometimes can be bearish for a long term

[jamids]

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

I've done this too when I was just starting to trade. I am just overwhelmed by the fact that the market is so volatile so there is so many opportunities and since a pump is happening everyday then sooner or later I will be able to double my money. I traded from one coin to another and just blindly follow the advise of others and whatever coin the hype is, I would buy it. I am doing good at the beginning but later on I was burned. I'm being dumped because I bought too high and lose a big chunk of my trading capital. That's the time I realize that I am being too greedy so it backfired. I should just have patience and delayed gratification is not that bad.

[PauloLuks]

Economics is a science, but also marketing. In crypto, we see the two connected. It's not easy to dissect them. Some marketing campaigns can blind anyone. I think it's necessary, above all, experience.

[yugyug]

Before i entered the world of investments and cryptocurrency market, i try to study the foot step, the habits and the lifestyle of a rich and successful people in the stock market and economy and one of the person i admired is Mr. Buffet, he is humble, frugal and patient and what make him wealthy. So until i finally follow his mindset and i applied it on the cryptocurrency world in order to win a game slowly but surely.

[Choyor]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

I am grateful to you who have given his experience to this forum, so I agree with this that we must be patient and keep holding, besides that we also must be serious in handling it so that the results are satisfactory, thus we will avoid the risk of loss. Do this lesson than we surrender.

[Caladonian]

Entry and Exit strategy is a must in this market. With so much volatility and manipulators you need to carefully plan your every move and get out as soon at you hit your target. Again, you don't need to be greedy. As long as you are getting profits then get out before your emotions take over, your decisions clouded and at the end lose everything.

I learned the same lesson the hard way. I got some tokens and coins from doing promotional bounties since last year and I decided to "hodl" most of them until now...guess what if I have to compare the value to my holdings from last year I think I already lost more than 75% of their value. had I sold them when they hit their highest rate, I could have used the money to finance my other business. This is something that many of us should look into or as what you said one must have his own entry and exit strategy.

It's very important to have those plan so you wont stress yourself just in case you missed the train, inside this industry many things are possible to happen but being positive is a key to survive, if we are aiming to gain a lot then we needed to have a lots of knowledge and ideas if how things works inside this market, early assessment and good timing are the keys to success, we will be able to build our own strategy each time to made  a success or we suffer loses.

[Kim Ji Won]

It really comes down to your emotional capability, whether you read a lot of threads and gain knowledge about cryptocurrencies as much as you can, it will all be a waste if you can handle all the FUDs and bad happenings to the coin you invested in. It just seems like you really did not learn anything from all the research you made because I know for a fact that you came across an article or something that tackles about how the market works and that you should trust your investment and hold as much as possible.

[floresjonathan123]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Did you lost everyhting?Do you have a plan about how to recover your capital?
Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to  success

[amih]

all the sentences you speak to me are a brief study of things to do or an anticipation for everyone who joins the crypto world. to me this sounds very interesting and the suggestions you recommend will add to my knowledge of how to invest well and I agree with a conclusion of all the things you say that we should be more careful in taking a decision so we can get the best thing.

[fiulpro]

I guess you were in a haste to make money from your capital and you did under study the coins you wanted to invest on and jumping in when they were already being dump, therefore, catching a falling knive.

My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.

I don't think that you do need to .. think about it in such a negative manner because more or less we all did mistakes like that 😂 ...

Everyone's past is like that more or less we have all made mistakes and it's never like one needs to stop trying.
Go for it..
Well I think it's laughably similar whatever everyone's been through...and let's agree on one point " economy is so unpredictable "
Thanks for sharing your experience

[Blamsud]

Before i entered the world of investments and cryptocurrency market, i try to study the foot step, the habits and the lifestyle of a rich and successful people in the stock market and economy and one of the person i admired is Mr. Buffet, he is humble, frugal and patient and what make him wealthy. So until i finally follow his mindset and i applied it on the cryptocurrency world in order to win a game slowly but surely.

Being patient is the key when the price drops we should not overreact, as we see in stocks the price drops too and it's normal and we don't see investors panicking too much.

[portotoi]

We must really know our limits in the crypto currency. As a new crytpo user, you must have to do only those bounty campaigns in order to earn bitcoins. Never deal already in a big investments and trading since you are not aware of the crypto market flows. Study first the strategies to double your income. Hold your feeling when the crypto market goes down and establish your limits when trading and investing in order to win the situation specially during break down of crypto currencies.

[josh07]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

yes yes I agree with what you said sir great help and advice for our new world of crypto would have been all the topics here so that so many you have learned about cryptocurrency so thank you very much for sharing of your knowledge

[Palider]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

This is true though lot of us becoming or we can't overcome our emotional the anger or the revenge that we become or we abuse bitcoin on so man aspects, and some traders usually believe on some fake news that's why they panic sell and it's true that action be taken carefully. But be optimistic at any way at any aspects.

[MarkusIsaiah]

Thank you for your advice. Im agree with you, i need kmow my limits and expectation about cryptocurrency because it is very complicated to know the movement of cryptocurrency. yes we all really need is to be patience and have some knowledge in all what we are doing.

[lennymat86]

If you do not have the patience, then I think you can not buy and trade in crypto currency. There should not be excitement. Only calm logical thinking.

[1Referee]

I learned the same lesson the hard way. I got some tokens and coins from doing promotional bounties since last year and I decided to "hodl" most of them until now...guess what if I have to compare the value to my holdings from last year I think I already lost more than 75% of their value. had I sold them when they hit their highest rate, I could have used the money to finance my other business. This is something that many of us should look into or as what you said one must have his own entry and exit strategy.

The main thing with altcoins, and especially with shitcoins obtained through bounties, is that you should NOT keep them for long term holding purposes. Altcoins in general are horrible long term investments, and in case an altcoin does happen to increase over the longer term, it's either because Bitcoin has gone up, or that it got pumped badly. Too many variables making sure that holding altcoins is a bad way to move forward. Don't forget that with LN coming closer and closer, altcoins will have to swallow a major hit, and that perhaps this year already. Bitcoin's 'incompetence' is what drove people to altcoins, and when you take that 'incompetence' away, they'll come back because everyone wants to hold Bitcoin, and rightfully so.

[bryan21]

We must really know our limits in the crypto currency. As a new crytpo user, you must have to do only those bounty campaigns in order to earn bitcoins. Never deal already in a big investments and trading since you are not aware of the crypto market flows. Study first the strategies to double your income. Hold your feeling when the crypto market goes down and establish your limits when trading and investing in order to win the situation specially during break down of crypto currencies.

Yes I'm agree with you. We must learn about crypto currency market before we do investment to protect if we lose more. Crypto currency market is good for long term investment. We must wait at least 4-10 year, if we want earn much money.

[Klausi]

We must really know our limits in the crypto currency. As a new crytpo user, you must have to do only those bounty campaigns in order to earn bitcoins. Never deal already in a big investments and trading since you are not aware of the crypto market flows. Study first the strategies to double your income. Hold your feeling when the crypto market goes down and establish your limits when trading and investing in order to win the situation specially during break down of crypto currencies.

Yes I'm agree with you. We must learn about crypto currency market before we do investment to protect if we lose more. Crypto currency market is good for long term investment. We must wait at least 4-10 year, if we want earn much money.

I am also thankful for that, as an investor we need not to panic because the behavior of bitcoin is like a roller coaster. As an investor its true that its too risky to invest in bitcoin but i could also say that it is a chance, its all up to you to take that chance or nevermind about it. You have to study its market and dont let your feelings eat your desire to be rich, be patient on holding your bitcoins. Patience is the value we need in this business.
  

[audaciousbeing]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

As basic as all of this recommendations are, a lot of people don't know about it and even those who thought they know actually did not know but when you tell them, they feel since you are not the one taking the decision you don't know what it takes. In this crypto world of rapid change of status where in the morning you are gradually smiling at your wallet balance only before the sun set, you are putting on a frowning face hoping for the next morning if things might get better.

Ultimately, knowing your limit is the key in this 'world' whether to the positive side or the point where things are not going the way they wanted. A lot of people are blaming themselves today for not selling at the all time high period last year with the hope that price will touch $30000 and didn't even change their decision when the price was dropping simply because they don't know their limit.

[sevenbits]

This post can be considered as a guide for beginning traders. It is absolutely true that one must always be patient and not give in to emotions

[burnchan]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

The reason why we do invest because of the potential earnings. But lets not forget the degree of risk involve. Consider the probability of losing your investment thus invest what you can afford to lose. I had a failed investment and the lesson I learned was to prevent from being too emotional on the potential returns instead be meticulous or keen to the very detail of the investment you will get into to lessen the degree of losing your investment.

[Fafabol]

This post is an eye opening for everyone that greediness will always be no good, well I'm not saying OP is greedy but his action at first tells it so as he didn't know his limits and never put limits in his investment. He didn't know when to sell even he knew he already profited and instead to take profit he just let it slip away from his hand and didn't know ge actually losing.

The bottom line here is we should always put limit or target so we know if it's time to sell or hold for a moment.

[urang]

Did you lost everyhting?Do you have a plan about how to recover your capital?
Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to  success.Just don`t give up and you will start making profits slowly.Why do you post your cryptocurrency portfolio here,OP?There are experienced traders,who can give you some useful tips.
[/quote
we have to be careful in what we are doing right now.because we have to know our limits.i just keeping on doing bitcoin for the better tomorrow  we are waiting for.

[Nanot]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Everyone has limmitations even everything and all has limits. But knowing your limmitations is the beginning of wisdom. Knowing your limmitation is good because you can be able to adjust by yourself without help of others. But reaching more high beyond yourlimmitations is good.because you would be able ro try what is someting new about it.

[BitcoinTurk]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

The information you have shared and the content of the article has been quite beautiful and quality. Also an article that everyone should read and make a conclusion. I have a good conclusion about the lessons that need to be taken in the mistakes made and how to advance to the targets in an experienced way. Just as you said in the headline, everyone should know their limits and act accordingly. It is an important point not to be surprised at the targets in the direction of limits.

[Procopiogamscrypto]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

i certainly agree with you, a limitation should be imposed in all plan of work or undertakings to obtain the desired result , just like trading and long term investment, patience and emotion are the key factors in this kind of game , it is too risky but what most of crypto traders said , invest only  for what you can afford to lose.

[charlotte04]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Yes my friend, that is true. Sometimes we need to follow the rules and guidelines in order for us not to cry at the end. It is always important to have discipline in every aspects.

[gentlemand]

Most people know exactly what their limits are but they are totally incapable of sticking to them. As soon as the whiff of fear or fomo wafts up their nose it all goes out the window.

It's not knowledge, skills or shrewdness that defines success, though that's handy of course, it's the total command of your emotions. Very, very few can pull it off. I certainly can't.

[Shutup]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Yes for me its important to know your limits. If we have limitations we have a decipline in our selves.Limitation is good because sometimes if your with your friends you have no limits which you do what you want. Because friends influence so much. Sometimes you can't refuse,because they will try you to pull up or push to a vises or wasting your time to nothing.

[Bugsbey]

Did you lost everyhting?Do you have a plan about how to recover your capital?
Your tips have little value for us,because so many people have posted the same tips here.Every trader should learn from his own mistakes.Every failure is just another step to  success.Just don`t give up and you will start making profits slowly.Why do you post your cryptocurrency portfolio here,OP?There are experienced traders,who can give you some useful tips.

That is correct. Not all mistakes are harmful to us. Some of them are giving us lessons. Because human as we are, can not be perfect. Sometimes we need to stumble  and fall inorder to learn to stand again stronger than before. Just try again and you must be smarter this time.

[nydiacaskey01]

The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of  temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.

[Finestream]

The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of  temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.

Yes.Once you start trading,set up your goals and know your limits first.You may meet some temptations along the road,but if you really want to succeed,stick to your plan.Most of the time our emotions are our best enemy so by avoiding greediness inside,we can avoid big losses too.Just learn how to be patient,and everything will fall down under your expectations.

[decoder88]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

That would be right, in crypto your actions reflect directly to your output. Actions should be taken seriously and slowly in order to have the full edge of your investment. There is a volatility in cryptocurrency that is why hasty decisions will lead to a lose of your investment. Before going to crypto it is better to read, research and study how the marjet moves and how crypto works in our society so that losses will be minimized.

In everything we do, we always need to set up our limits so we will still be on track. Every decision is equal to every action. And every action is equal to consequences. So we need to avoid bad decisions, to avoid bad consequences and to make sure we don't regret things at the end. We need to set goals and to make sure we'll reach them at the end.

[iv4n]

-snip-

-snip-

In everything we do, we always need to set up our limits so we will still be on track. Every decision is equal to every action. And every action is equal to consequences. So we need to avoid bad decisions, to avoid bad consequences and to make sure we don't regret things at the end. We need to set goals and to make sure we'll reach them at the end.

I quoted just you for your start, this post is about life and everything we do, not just trading. Some characteristics that we humans can have can be good for many things, but to be great in something you need to know yourself to be aware of the tasks that waits you and to know your possibilities and your limits, to never push to hard, don`t run away with first hard moments. Its more then knowing just your limits, its knowing yourself and for what you are capable.
To be honest this is more about psychology of a human character than about economy. If you don`t have some important skills you will not be able to push your way trough the life and become a man. If you know yourself you can be a good at many things.

[v0rtecxz]

good advice, it's true the desire to keep trying and curiosity never stops, but I also sometimes feel the desire to continue to try regardless of the risks that will occur when trading, perhaps because of my greed that only saw in terms of profit without thinking about the risks , so forget to take into account the decisions that I take, but as time goes by I begin to realize my mistake, I must be able to control greed and think clearly in making decisions, so that I can get better results from trading

[PokerStein1]

I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.

[Naughty Princess]

The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of  temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.

Yes.Once you start trading,set up your goals and know your limits first.You may meet some temptations along the road,but if you really want to succeed,stick to your plan.Most of the time our emotions are our best enemy so by avoiding greediness inside,we can avoid big losses too.Just learn how to be patient,and everything will fall down under your expectations.

Limitations is depends on what we have plan. If we exceed on what is being plan, it will give a positive and negative result or will change how you take care of everything. You are the one who can control yourself and remember that you already meet your limit. You cannot lose a lot of money when you set any limit for yourself and if you get your goal do not stop but also do not be greedy. Do it smoothly and do not change your emotion.

[Altero]

I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.

You can do it mate,  thinking about this that not all the time we've been lucky, sometime we've down cause that's the real happening in here.  We cant avoid these,  we can make a recovery from that if we will never surrender and keep on believing. Doing investment again,  maybe this is the moment that you will make gains.

[samcrypto]

Most people know exactly what their limits are but they are totally incapable of sticking to them. As soon as the whiff of fear or fomo wafts up their nose it all goes out the window.

It's not knowledge, skills or shrewdness that defines success, though that's handy of course, it's the total command of your emotions. Very, very few can pull it off. I certainly can't.

Commit on one specific for you to succeed, put in your mind that no matter what happen you must stick to the plan. Yes, its not easy but I know you can do it. Limiting yourself is an ideal thing to prevent losses and allows you to maximize the opportunity that you have.

[LovelyFLOWER]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Everyone people has a limmitations . As a human being you must know your limit . Limit has  a thing that anything has. But other people dont even stop to try and overcome thier limmutations so that they do thier best to reach higher than what they have today. Bitcoin has no limmutation because it is too broad to be determined because it is a provider of all.

[lablab03]

That's right.  Don't easily fall or risk your money to any investments site 'cause you will regrets after for sure. 'actually first thing to do is to learn more about the volatility of crypto currencies so that you can gain enough knowledge and strategy on it. And also always bear in mind that doing investment in crypto is risky so you must invest what amount you can afford to lose.. Perhaps small amount is good for beginners.

[ArnoldChippy]

I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.

If you do not know your limit, then there are more chances that you will lose a lot of your money, because investing money in any business having no limit and proper planning is too much risky, if you want to make money from trading you must have a limit and good strategy for trading or investment.

[aardvark15]

I have found that sometimes it is better to buy and then forget about it for a few months rather than watching the marktevery day and trying to time short term trades. Many times you will sell too soon or too late or buy too soon or too late. If you buy and hold long term, there is a good chance that you will make good profit considering that this is a new market with a lot of room to grow.

[Mevz]

I did not know my limits and i hodl my coins too much and i lost 3/2 of them in dollars value. I hope i will get back what i lost and more of them when crypto become more and more usefull.

You can do it mate,  thinking about this that not all the time we've been lucky, sometime we've down cause that's the real happening in here.  We cant avoid these,  we can make a recovery from that if we will never surrender and keep on believing. Doing investment again,  maybe this is the moment that you will make gains.

One success is a habit and its all downhill, people always being confident and never do some research. The path to success will never be a straight line. We all never learn if we don't have mistakes. But we should aim away from failures for us to succeed. We should have the guts whatever would happen we still continue and keep holding you'll only lose if you sell low.

[zarados]

The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

This is the common mistake of traders, they forgot to make an exit plan or they may have an exit plan they didnt stick to to. Some have an exit plan but the goal is unrealistic. I agree that HODL is the key to this but theres a lot of  temptation to Sell when the price is down or the price is up. Bottom line, don't be greedy, be realistic and stick to the plan.

Yes.Once you start trading,set up your goals and know your limits first.You may meet some temptations along the road,but if you really want to succeed, stick to your plan.Most of the time our emotions are our best enemy so by avoiding greediness inside, we can avoid big losses too.Just learn how to be patient, and everything will fall down under your expectations.

in this cryptocurrency investment we certainly often face the moment of fear of a market that is crash, not satisfied with the 50% profit and always want more. yes, it's true it's all part of human emotions, and that's normal. Then how do we to cope? ie by consistently taking a choice set the take profit point you want and will not sell if the price has not touched your take profit point. As with the stop loss point, you alwo need to set a stop loss point to avoid bigger losses.

[ikipiye]

I am very grateful to you for sharing this, it is very helpful to me as a beginner. indeed I need to learn a lot more about this bitcoin, and this is the science that I wait for.

[aoihs00]

That's true and we should never ever rely on other people's choice. We never know what they are thinking while making the inevstment and what are their plans. On top of that we don't know who is thinking what when they read about the portfolio of sepcific coin etc. There are so many things behind one specualtion and thus we should be attached to our own decisions only. I agree on your conclusion that the trades must be done in our own way and the other way people might think so.

[satecream]

thats realy helpful for them for knowing this hyper investment thing
is very riskier if they just pushing and pushing
i still have a little experience when trading, losing or wining is depend on your data not just only by heart this is the real thing

[JC btc]

I have found that sometimes it is better to buy and then forget about it for a few months rather than watching the marktevery day and trying to time short term trades. Many times you will sell too soon or too late or buy too soon or too late. If you buy and hold long term, there is a good chance that you will make good profit considering that this is a new market with a lot of room to grow.

That is what I did to some of the coins I bought that I think is profitable and is potential to hold for a long time, since I don't have so much time in doing and checking the price all the time, and it really helps a lot and less hassle for me.

[Febriana98]

I hope you are doing alright.



In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

this is true, but how can we know without trying, sometimes with us who always think long we do not produce anything and vice versa, should I say fate is very effect.

[Aikidoka]

Knowing one's limits is like admitting that you are jealous. You are not aware until you lose the thing it was within your hands all the time along. That is why you should learn to control yourself in order to take wise valid decisions so you do not blame your ego or greed when you fail.

On the other hand, you should play in a smart way. That is why when you are about to plan a strategy, you have to plan it in a smart way. Otherwise, it will all get messed up.

[andreijoaquin]

It is something that people must know, many just go with the flow wothout making their own research and judgement, all they know is the idea that you can earn big amount by doing the stuff other does. It is not because they succeed in doing a thing ensure that you will also succeed.

[2Godbdglory]

No your limits is a statement  for someone that want to know, study and make research  about some old or new.  You must your strength  and your ability  in carrying out some exercises  in other not to be frustrated.

[totaleclipseofthebank]

well, you need to know that the market is somehow controlled by the people who have a lot of money. NO matter how good the coin is, it can not grow if no whale decide to pump it up. The existence of whales are everywhere over the market. The more you trade, the more you realize that it is hard to beat them. All you need to do is learn how they work, how they act, what are they up to and turn them into your own advantages

[Lhaine]

I hope you are doing alright.



In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

this is true, but how can we know without trying, sometimes with us who always think long we do not produce anything and vice versa, should I say fate is very effect.

Sometimes we need to try everything to know if we really can do that without knowing our limititations, yes we can do everything but of course we also need our limitation in one thing.

[carodupuis]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

That’s true, no matter what you’re doing, not only in Bitcoin, you should always know your limits. When I got into Bitcoin, I didn’t rush and start investing straight away… There were lots of other things for me to do and earn money, no matter what. So I got into lots of things and working towards every single opportunity I see, and they paid off. I now earn more than those that invest and Hodl

[wowbit123]

Thanks for general advice and you're in this with you fully rights agree. no need to hurry and carefully all study and carry out the steps in accordance with their knowledge.And more patience will not interfere, you can often meet a trader knows but absolutely no patience.

 

If you like to success in your life first you must know your limits. Dont be greedy, just work for the better. And be kind to others. And in terms in bitcoin just invest to the right amount so you know how you limit your self. Because their are other people they invest all of their properties and they dont know what their limits until all of them are gone. So think twice before you commit some decisions in life.

[cramcram21]

We should always know are limit so we won't over do something ,
It is good to have a limitation on everything specially in investing we should always have something to back us up when something went wrong in our investment.

[Crypto della Mirandola]

Knowing your limits is always a good thing, in trading as in life. The important thing is not to set FALSE limits

[Quantum Mind Flow]

Nobody knows what the real limits are, so why bother?
When you come up against a limit, you invent something to overcome it.

[cryptbit.man]

Great advice. Crypto trading is a slippery slope, be mindful and do not get too greedy. Another piece of advice I could give, especially to younger traders and investors; invest only what you can miss, do not make your life dependant on it.

[setialovers]

Every kind investment always have their own risk. Stock, obligation or even keeping gold have their own risk. What we can do with our investment is minimazing risk on our investment. Put our idle money to invest is wise choice because I am believe every good invesment is long term.

[Notcalculator]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Im so sorry for what happened to you and thank you for sharing! I guess there's no one right economic model for speculation. There's so many factors and the volatility looks more random than anything else. It's easy to say "dont invest more than you're willing to lose" but in reality when you're in a position where confidence backed by earned knowledge, it's easy to forget about risk. I hope things turn out good for though! It's not the end of the world

[jakagintiri]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Being so grateful for the articles and experiences you make this can be a benchmark for me for the future, where so many motives are in the head at any moment without thinking of the consequences of the future and people are more often trapped in their own thoughts. so captivated to do everything for me it was a very human situation for me.

[The Lone Predator]

Limits are part of the universe, anything has limits. But nobody knows exactly what they are, so it's always worth trying. At worst, if you make a mistake, you can repair it.

[yepaiyique2]

People always blindly enter the market to expect to gain something!

Never carefully studied, but simply by their own feelings to buy and sell!

Panic selling in the face of loss! I used to be like this!

[t2yax]

I can say that this whole thing is great, for us to be aware, not to push in our limit. We can invest but as much as possible dont go beyond the line, because in the end its you that will suffer in the future. Invest what you can lose because we dont know what will happen for the next few days right.

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

[akram143]

People always blindly enter the market to expect to gain something!

Never carefully studied, but simply by their own feelings to buy and sell!

Panic selling in the face of loss! I used to be like this!

I think you are right why I'm saying this i also be like that in the starting stage without knowing any of the trick and tips of the bitcoin i invest in in it but I also loss with the panic so I learned something thing with that losses.

[matuson]

People always blindly enter the market to expect to gain something!

Never carefully studied, but simply by their own feelings to buy and sell!

Panic selling in the face of loss! I used to be like this!

I think you are right why I'm saying this i also be like that in the starting stage without knowing any of the trick and tips of the bitcoin i invest in in it but I also loss with the panic so I learned something thing with that losses.

Panic is bad. I do not believe that there is any real strategy in the cryptocurrency market. The price of cryptocurrencies is influenced by many subjective factors. All these factors cannot be taken into account. A lot of people who do some good deals think they know the secret of success. But this is not a guarantee that your strategy will always work. Perhaps in next time you will lose more than earned in this time.

[Ranly123]

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

That should be a must do when you are going to invest. Don't dive on deep waters to avoid being drowned. Investment should be done thoroughly with keen analysis to be successful.

[UzumakiSakuragi]

I guess you were in a haste to make money from your capital and you did under study the coins you wanted to invest on and jumping in when they were already being dump, therefore, catching a falling knive.

My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.

Yes you have to know your limits! always remember that there is time for  everything ,season to gather and a season to sow be wise then and understand your market for we never know that will happen next!

[Ewox]

That’s some good advice for those who are in a hurry to make millions. I know a lot of people who are like tou OP, and they have this way of thinking wherein they are expecting their investments to double up right away and if it doesn’t; they’ll just pull them out and buy another coin instead of holding them. They can’t wait to make lots of money out of crypto which is the real deal with most people.

[kuah bakso]

thanks for your suggestion, it is very useful and i also agree with you, to invest bitcoin we have to be careful and not have to risk everything here

[Bugsbey]

I guess you were in a haste to make money from your capital and you did under study the coins you wanted to invest on and jumping in when they were already being dump, therefore, catching a falling knive.

My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.

I like your comment and advice. I so agree with you. Before indulging in something we must make sure to have knowledge about it. In business one needs to research first and make sure oneself is ready for whatever happens.

[emezh10]

I hope you are doing alright.

So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.

The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.

In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!

Economics and marketing is a real complex thing. Base on your personal experience, surely you missed something very important or forgot a very conclusive part of your journey to success. Remember that sometimes we need to go back to the basics to stay focus and maintain soundness of mind to make crucial decision and reminds as our limitation to survive being drown even into a glass of water. Quite a lesson to learn.

[Rizky Aditya]

Knowing your limits is always a good thing, in trading as in life. The important thing is not to set FALSE limits

Knowing one’s limits, setting the right limits and then remaining in those limits is not very easy. The most difficult part is staying within boundaries. For this, a person must have a very good self-control with a very calm nature. This takes time. Nobody is calm or patient by nature.

A lot of work needs to be done. Trading is a risky profession and investing in bitcoin can also be risky for a person who gets panic quickly. Without knowledge, nothing can help actually.

[Angi]

Your problem is our problem too people are likely new in this thing is not knowing their limitations because they gaining knowledge about economics or in crypto that's why many people lost money in investing they gaining ideas to all people have experience in investing or trading but they say in the positive sides so definitely the new comers didn't expect the situation is, so they will be in negative ways before they know their limits or what exact limits they have.

[beej]

That's a good thought and advice, I'll take that note highly into consideration. It's quite obvious
we all want the same thing here and we all suffer similarly from poor decisions and limitations.
But in this market, limits aren't quite the same with everybody else's. I'm sure there are plenty
out there with lots of experience and well invested with or without limits. Though personally
I agree with the said advice, it would be wiser to know and set limits in this so we won't
end up losing much and be more productive. One step at a time, cryptocurrency with it's
alluring market and volatile nature can indeed tempt and over indulge people to buy more
than they can afford. Self control and contentment must also be practice and applied.

[onrise]

People always blindly enter the market to expect to gain something!

Never carefully studied, but simply by their own feelings to buy and sell!

Panic selling in the face of loss! I used to be like this!

Learning form your mistake is the first step that of the success. Nobody can be perfect and everybody at some point make mistakes but the earlier you can rectify means less scope of failure in future. Just be cautious and invest only the money which is extra and do not require on urgent basis.

[mersal]

People always blindly enter the market to expect to gain something!

Never carefully studied, but simply by their own feelings to buy and sell!

Panic selling in the face of loss! I used to be like this!

Learning form your mistake is the first step that of the success. Nobody can be perfect and everybody at some point make mistakes but the earlier you can rectify means less scope of failure in future. Just be cautious and invest only the money which is extra and do not require on urgent basis.

Yes bitcoin has a unique and good time features and you can use bitcoin correctly you will be very grateful for you and if you don't use and flow with bitcoin correctly so i hope it will very good .

[YzzyGo]

Good read. Yeah people tend to go overboard especially when it comes to earning money. One thing works, put all your money with the high hopes of gaining more returns with it. This is not smart investing but more on financial suicide if it fails.

[spadormie]

thank for your sharing ! It's helpful

I'm really glad that this had brought up, I really wanted to hear those words as this inspires me a lot. I have to know my limits too for I'm human and for every human out there there's a piece of substantiation.

[nightfury]

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.

That's how cryptocurrency is and it will always be volatile as usual. Since i got here, i don't expect bitcoin to rise constantly since i already know it's volatile. Even tokens in ICOs are not 100% the price you will get when the tokens are listed on cryptoexchange.

[goku1525]

What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.

That's how cryptocurrency is and it will always be volatile as usual. Since i got here, i don't expect bitcoin to rise constantly since i already know it's volatile. Even tokens in ICOs are not 100% the price you will get when the tokens are listed on cryptoexchange.

In every transaction it has limitation, when you feel something wrong of what you've done it is better to change some techniques because it will leads you to the point of being feel down or regrets all. When you feel, that's all was enough better to stand the decision making you made so that to avoid losses.

[charlotte04]

I fell like we are the same, all of the things that happened to him also happened to me, but I have been learning from those mistakes and trying to recover my self.

[wildflower18]

I fell like we are the same, all of the things that happened to him also happened to me, but I have been learning from those mistakes and trying to recover my self.

This may happen always we could tends to lose everything but all of the mistakes we had commit is acceptance and learned to recover your loss. Knows our limits in everything and proves that we can go stands working out, in cryptocurrency since market is volatile always learned to have a profit.

[mrtryonebiggums]

It would be proposterous that some new person to this game comes in and crushes right off the bat. That isn't how life works, you aren't great at something the first time you try it or even couple times. To get good at anything in life you need practice and much persistence. Without those two traits you won't make it anywhere, and crypto is no different. Don't beat yourself up over, learn and move on. We all have made bunch of mistakes but guess what, you can make it through it!