Bitcoin Forum
October 19, 2018, 11:27:20 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Top 3 things you wish you knew when you first started ...  (Read 155 times)
Dylon5x
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
June 27, 2018, 09:23:16 PM
 #1

I have lots of downtime at my new job and I've been obsessed with Crypto. I'll probably be buying $200 worth of coins every month, to learn the process, for fun, and to hopefully get lucky and make some more money to reinvest. It's sucked me in completely!

I was just wondering if anyone wanted to share 3 of the things they wish they knew at their beginnings.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539991640
Hero Member
*
Offline Offline

Posts: 1539991640

View Profile Personal Message (Offline)

Ignore
1539991640
Reply with quote  #2

1539991640
Report to moderator
1539991640
Hero Member
*
Offline Offline

Posts: 1539991640

View Profile Personal Message (Offline)

Ignore
1539991640
Reply with quote  #2

1539991640
Report to moderator
1539991640
Hero Member
*
Offline Offline

Posts: 1539991640

View Profile Personal Message (Offline)

Ignore
1539991640
Reply with quote  #2

1539991640
Report to moderator
ferall
Sr. Member
****
Offline Offline

Activity: 672
Merit: 263


View Profile
June 27, 2018, 09:37:02 PM
 #2

1. Don’t trust anyone
2. HODL
3. Keep calm  Grin
damba_
Jr. Member
*
Offline Offline

Activity: 128
Merit: 1


View Profile
June 27, 2018, 09:47:17 PM
 #3

1. Sell at ATH and buy more after the dip
2. Using stop-loss orders
3. What goes up, must come down

★ PRiVCY ➢ Own Your Privacy! ➢ Best privacy crypto-market! ★
✈✈✈[PoW/PoS]✅[Tor]✅[Airdrop]✈✈✈ (https://privcy.io/)
Carbonsong
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
June 27, 2018, 10:22:07 PM
 #4

1. Buy Low
2. Sell High
3. Repeat

 Grin 

Actually, I knew those things going in, but it's easier said than done.
Korkorjkk
Jr. Member
*
Offline Offline

Activity: 168
Merit: 1


View Profile WWW
June 27, 2018, 10:26:49 PM
 #5

1. You have to research about projects before investing in them.
2. Buy more coins when the prices go down.
3. Learn to HODL your coins for a long time before selling them.

gemstra  |▌  The Future of Social Selling  |▌  A blockchain infrastructure
● ● ● ●  for the biggest gig economy of tomorrow  ● ● ● ●
Pitagora87
Newbie
*
Offline Offline

Activity: 86
Merit: 0


View Profile
June 27, 2018, 10:43:50 PM
 #6

I have lots of downtime at my new job and I've been obsessed with Crypto. I'll probably be buying $200 worth of coins every month, to learn the process, for fun, and to hopefully get lucky and make some more money to reinvest. It's sucked me in completely!

I was just wondering if anyone wanted to share 3 of the things they wish they knew at their beginnings.
1- How to trade
            2-Be patience
            3-For bounties and airdrops
            You have to learn how to deal with your emotions , dont panic or overthink when market falls , if u invest in good coins for long term just wait .
chechecuera
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
June 28, 2018, 06:18:06 AM
 #7

1. Read before action
2. Be patient  and smart
3. Hold then dump on the best price

Having it free is the very best!!!


cryptothief
Member
**
Offline Offline

Activity: 280
Merit: 41


View Profile WWW
June 28, 2018, 06:28:14 AM
 #8

1. Don't panic - never rush into a buy/sell, the market moves and there will always be more opportunities.
2. Nobody knows everything - so many experts will point you in different directions, no harm in listening, but make your own decisions based on plenty of research.

And...

3. The first 6 months of 2018 (and more?) was going to be a bear market - hindsight is a wonderful thing.

BITSONG  ▌ THE FIRST DECENTRALIZED MUSIC STREAMING PLATFORM
▅ ▉ ▇ ▃ ▅   THE NEW MUSIC STREAMING ERA   ▅ ▃ ▇ ▉ ▅   PUBLIC SALE is LIVE
[ Telegram ➭ ChannelGroup ]   Whitepaper   Facebook   Twitter   Github   Medium   ANN
pame_gera
Jr. Member
*
Offline Offline

Activity: 34
Merit: 1


View Profile WWW
June 28, 2018, 09:02:41 AM
 #9

1. Dont try to sell at maximum gain or buy at minimum price. It is not possible to predict them exactly.
2. Dont be greedy.
3. Be patient and buy only money you can REALLY AFFORD TO LOSE !!!

Even now i can not use the above 3 rules correctly
HeRetiK
Hero Member
*****
Online Online

Activity: 896
Merit: 758


the forkings will continue until morale improves


View Profile
June 28, 2018, 09:29:05 AM
 #10

1. Be wary of greed and how it clouds your decision making.

2. Be more selective when investing and more conservative when evaluating the risk / reward factors. The risk is usually much higher and the rewards are usually much lower.

3. Diversification accounts for nothing when the whole market turns to shit (ie. alts are a bad bad hedge against Bitcoin crashes despite the tendency to outperform Bitcoin during bull runs).

napsterz
Member
**
Offline Offline

Activity: 179
Merit: 10

The Intelligent Retail Currency


View Profile
June 28, 2018, 04:10:00 PM
Merited by miningnew (1), iasenko (1)
 #11

First of all, thanks for creating this thread. I always wanted to share how stupid I was when I first started crypto investing. So that hopefully people who read about my stupidity could avoid falling into the same trap.

1. Listening to Others

Fear Of Missing Out (FOMO) is real. Super real, it's legit to the max. I remember the time when I was reading forums and reddit threads where people were talking like they knew everything in the world of crypto investing. You see people coming out with super predictions and claim they're rich to the moon by being good at trading small cap coins. They even put up screenshots. And one day they shill this small cap coin and say it's gonna be 10x and now after their "market analysis", they confirm it's undergoing some market manipulation now that "whales" are pushing down the price to accumulate more. They then end with the famous "Buy now, faster buy now or regret when it shoots to the moon after whales are done accumulating"

That's when my stupidity kicks in. Seems like the whales never really finish accumulating until today Sad To make things worst, that was the period when ETH peak the highest, and I FOMO all in only to really regret trusting others. So my advice is: Take everything you read from the internet with a pinch of salt. If that someone is really a guru investor, he/she is probably chilling somewhere in the beach rather than showing off in the online realm. Well I won't say there's not really anyone who's talented at profiting through trade/investment but the percentage of you meeting that someone is probably very very low.

2. Wishful thinking every projects is going to the moon

When I just started, I read the whitepaper and go through their websites. The fascinating thing is that everything looks almost solid to me, the idea is cool, the design of the website, the community. But now when I look back, seems like 90% of the projects out there are pretty much doing the same thing - TPS, scalability, AI, currency, blah blah. They're all buzz words that people put together and boom. I used to think it'll be faster to get rick quick by throwing my money in every project. Diversified right? Heck no! That's not what you should be doing. To be honest, 90% of the projects out there are crap. I expect 10% to really make it.

The reason is simple. It's not always about the idea. It's about the team, how they execute their plan. Most team from what I see are just coming from a normal 8 to 5 desk bound job and then suddenly they decide to call themselves CEO, CTO and what not. I'm not trying to say they can't make it, but it's a risk I can't afford anymore. Because I was naive and went with this project which turned out to be a scam exit. Who knows? They seems totally legit until the last day. The whitepaper is there, checked. The website is pretty well done, checked. But I missed out the most important thing - the team. Apparently, this CEO guy was recruiting the "team" from upwork, more of like a freelance team. He even went out to find a reputable software team to onboard the project. But never did I know few months later the software team announced they are out of the project and the CEO went MIA with few millions in his pocket.

Well shit happens. So better be careful where you put your money in because not all projects are going to the moon. Cold hard truth that I learnt the hard way.

3. When it's time to flip, flip. When it's time to hodl, hodl.

I had a 10x project that I invested in but I was greedy so I waited and decided to hodl. Who knows many people flip it and get quick profits. If I had cashed out and moved on, I could be smiling in this bear market. But I didn't. Very soon, this 10x becomes 0.2x and I feel like crap. Sometimes, you just have to make judgement to decide if it's better to flip now or hodl on. You have to see if the team is able to deliver their promises and if the roadmap is solid and on point. If they can't get it to work for many times, move on. It's like BGR. If it doesn't work out, be a man and walk out the door. God will always open a new door for you. But having said that, remember, if you don't sell at a loss, it's still on paper. So no matter what, only invest what you can afford to lose.

Hope it helps. I wish you won't be like me and you should know never listen to others, take it with a pinch of salt, not everything is going to the moon, learn to make good judgement call, and happy investing.


Ⓞ fluzcoin Ⓞ
█ The Intelligent Retail Currency █
❐ Backed up by global retailers ❐ Legally compliant ❐ Non-speculative
cuong1610
Newbie
*
Offline Offline

Activity: 154
Merit: 0


View Profile
June 28, 2018, 05:32:58 PM
 #12

In my opinion, you try to do these two things
1. Psychologically good to join
2. Learn more

 
vucuong16101997
Jr. Member
*
Offline Offline

Activity: 42
Merit: 1


View Profile
June 28, 2018, 05:34:57 PM
 #13

In my opinion
1. Learn
2. Work
3. Psychologically good
justin86
Full Member
***
Offline Offline

Activity: 406
Merit: 100


Market Integration Platform


View Profile
June 28, 2018, 08:22:38 PM
 #14

I wish I knew I should not trade pump dump coins I didn't know that and got my lesson, now I got a new lesson that I should never invest in most tokens as well  Smiley

Kgdktac
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
June 28, 2018, 09:20:11 PM
 #15

1. What airdrop was all about
2. How to post on bitcointalk forum
3. How buy and sell on exchanges

]██ █▐▐ [ HOMELEND ]    A MORTGAGE CROWDFUNDING PLATFORM  ▌▌█ ██
[ WHITEPAPER ] - SIGN UP NOW FOR UPDATES ▬
█ █▐▐ FacebookTwitter
fraufreiheit
Jr. Member
*
Offline Offline

Activity: 210
Merit: 6

IGT-crypto - lifetime income from working exchange


View Profile
June 28, 2018, 10:58:47 PM
 #16

1. Hodl is not the best strategy in the world.
2. Sometimes you need to sell...
3. ...to buy the same tokens back, but cheaper.

Already working exchange▷ I G T ◁
GIVEAWAY ETH every week | LIFETIME PASSIVE INCOME
https://igt-crypto.io
Quesito
Newbie
*
Offline Offline

Activity: 125
Merit: 0


View Profile
June 28, 2018, 11:13:49 PM
 #17

1.learn
2.apply what tou have learned
3.mind set/emotionally prepared
This are my 3 things i wish to know in my first day in my crypto journey.
2weent6
Newbie
*
Offline Offline

Activity: 69
Merit: 0


View Profile
June 28, 2018, 11:33:40 PM
 #18

1. Don’t trust anyone
2. HODL
3. Keep calm  Grin
Nice, in addition to this one, I'm new here but it doesn't mean you will depend on anyone.
As you said don't trust anyone so better for you to start learning more about this forum and especially more about cryptocurrency. I'm almost a week here and yet I've learned a lot because this forum is really a good place to start learning about cryptocurrency.
ssteinb86
Newbie
*
Offline Offline

Activity: 115
Merit: 0


View Profile
June 29, 2018, 09:27:28 AM
 #19

1. Don’t trust anyone
2. HODL
3. Keep calm  Grin


My words exactly  Smiley
LuongTran
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
June 29, 2018, 10:10:27 AM
 #20

1)hard work
2)hard work
3)hard work
just you try hard work,never give up,you can success!
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!