Know your limits!

[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.