LESSONS FROM CRYPTO MARKET

[tinkerr100]

Honestly, fear and greed are not acceptable in the field of trading. They are the main factors of your loss. On this occasion, it was even said "who wants a lot, will not receive anything, and who wants little will lose what he had." You should always set a boundary target and not take more. Not such a big risk of losing everything.

[MTVuser07]

Honestly, fear and greed are not acceptable in the field of trading. They are the main factors of your loss. On this occasion, it was even said "who wants a lot, will not receive anything, and who wants little will lose what he had." You should always set a boundary target and not take more. Not such a big risk of losing everything.

Quite right, because of fear and greed, mostly people lose their investments. Bitcoin is a vivid example of when they bought it for 20k and went into negative.

[Anyobsss]

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

This is literally what happened to me. I've become so greedy that I want to profit big so I just hold it my btc and tokens, never thinking that its price could decrease. Everything does not happen according to our plan, and we have learn our lessons the hard way.  This is a great lesson for me though.

[Matthewmorris4]

If you don't know how to trade then start small.

My key lesson is to look around.
- If your friends and grandma are talking about bitcoin - GET OUT
- If Bitcoin seems dead and nobody is talking about it - GET IN

Other than that
- Trade slow and long term (years).
- Sit back and relax, don't go gung-ho-trigger-happy.
- Keep stash safe, offline in a vault on at least 2 mediums (digital, paper, stone tablet, etc.).

The problem when keeping it in a cold wallet is that you can't just withdraw anytime. you gotta be a longtime holder if you do that which means you won't mind whether the price falls down to 80%. Dipping this low is an opportunity lost. If I have to keep my BTC in a cold wallet, I have to make sure I bought these coins the time when the price hits its very bottom. One lesson I learn is to dump all when the bear strikes because you never know when bulls are going to come back.

Yes indeed, sometimes we really should not fight the flow of the current market. Some friends tried it and the results were very bad. I ? just watching how the market will go. But we just can't judge one event to all current situation that might be coming. It can be a sign that bear market will give us a profit for short trade

[aad140386]

Before I started trading cryptocurrencies, I did not manage to trade very well on the stock exchange. So to some extent I was already a trained guy. On the stock exchange, I learned patience, discipline, and thinking with my head. The first 2 qualities are the most useful, but 3 also very often helps not to lose money because of the advice of those people who risk nothing by giving their predictions. ) I can not say that I was disappointed in the crypto market or found something unique that helps me to trade. Most likely, I simply improve the qualities that I managed to acquire earlier.

[cizatext]

Well I have learnt a lot of lesson in my quest for profit making and trading in bitcoin and the cryptocurrency market. It very necessary for us to first understand the market and try to adapt our self's to it, the market is highly volatile and at that we should be smart in making our choice as at when to buy or sale.

[joromz1226]

Whenever, if you are going to enter in crypto trading business never be Greedy, don't panic, and never allow your emotions control you most of the time when you are making trade in the market, and don't depend or rely your profit in luck, these are the things for sure in the end will lead you into wreck, bear that in your mind.

[REYVAN]

very wise lesson, and this is also my personal experience. too greedy and finally a big loss. already given a goat, but refused, hoping to get an elephant, eventually losing a cow. I will always remember this lesson, thank you for the lesson you gave.

[baobao2000]

I learn the same lesson, fear and greed make me lost the opportunity to earn money. I keep on hold the coins even with some bounties coins, and don’t want to sell them for low price, they were good value in the beginning, but then all of them dropped to worthless coins. For a successful trader need definitely good experience and knowledge, we pay our school fee and hope we can learn and improve our skill, do better job next time.

[cizatext]

Lots of lesson have been learn in the course of the past one year because the entire market have faced a great challenge and at that it very clear that the market will always remains volatile and what drive the emotions of the people is the news and qeust to maximum profits which in most cases end up with regret.

[adzino]

Honestly, fear and greed are not acceptable in the field of trading. They are the main factors of your loss. On this occasion, it was even said "who wants a lot, will not receive anything, and who wants little will lose what he had." You should always set a boundary target and not take more. Not such a big risk of losing everything.

Fear and greed is something which is quite natural in human being (i am not talking about excess greed). This is something you cannot suppress. Fear will exist in yourself while trading. Trying to get rid of that "fear" is like doing something to yourself. And it is also not that easy to get rid of fear and greed. The best thing to do is trade keeping a target by including fear and greed on the factors that will affect you.

[crzy]

Whenever, if you are going to enter in crypto trading business never be Greedy, don't panic, and never allow your emotions control you most of the time when you are making trade in the market, and don't depend or rely your profit in luck, these are the things for sure in the end will lead you into wreck, bear that in your mind.

Great advice and we should always remember that being greedy is not good always. Try to be more dependent on your studies and not on any news, because it can lessen the fear of losing the money since you will know the potential of a coin base on your research. Always keep on learning to improve yourself.

[Crypdon]

I learned the importance of buying when there is fear and panic in the markets, hence i am buying now. What i need to learn is when to sell or switch to tether, this is a more difficult lesson

[xWolfx]

I learned the importance of buying when there is fear and panic in the markets, hence i am buying now. What i need to learn is when to sell or switch to tether, this is a more difficult lesson

This reminds me the words of Warren Buffet about how when others are greedy you should be scared and when others are scared you should be greedy.

I personally do it to try to transform my life and be able to help like i know i can do but can't right now because of lack of resources. It's not really greed but the eternal drive to improve and help make the world a better place.

I learned that Bitcoin can be light where there is only darkness.

[Tstar]

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

Greed and fear are the moving forces on all markets, not only crypto.
You should have clear rules for entering the market and clear rules for exiting. Without emotion, without greed and fear. You should accept losses and wins in the same way. I know that it sound hard, but once achieving it, then the trading is the real fun.

[jems]

the lesson that I got was that we should not be too greedy in taking advantage because when our target is not reached, the loss will await us in front of it.

[Ridwan Fauzi]

Your teacher is right, but let me know, is your teacher a bitcoin investor and has he ever suffered a loss? everyone must have their own greedy point. With a note, you must be greedy based on the predictions that you made, even though in the future the price of bitcoin will decline and you cannot sell bitcoin with profit then you will learn the situation many times so as not to happen again.

During the price decline, I have learned a lot now. First, as you say, greedy only makes someone sorry. I have an altcoin, at the first time I bought the total number of altcoins around $ 700 but when the price continued to decline until the current altcoin that I have is only worth $ 47, I think you will know the regrets that I have experienced. However, this did not make me hate and blame myself, because I decided to keep holding until the price recover.

[bitbunnny]

I can say that I'm involved with Bitcoin for a long time so I have learned my lessons long time before but I can agree with your conclusions because I see them by other users. And I would maybe replace "Fear" with panic, I think it's more appropriate to describe the users behaviour.
Greed is another bad thing and unfortunately I think that it's correct to conclude that many Bitcoin users are driven by greed but that can only lead to fast and wrong decisions that at the end could cause you much harm.

[Kemarit]

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

This is what we called entry and exit strategy.

1. Entry point -

DEFINITION of Entry Point

Entry point is the price at which an investor buys an investment. The entry point is usually a component of a predetermined trading strategy for minimizing investment risk and removing the emotion from trading decisions. Recognizing a good entry point is the first step in achieving a successful trade.

https://www.investopedia.com/terms/e/entry-point.asp

2. Exit strategy -

An exit strategy may also be executed when an investment or business venture has met its profit objective.

https://www.investopedia.com/terms/e/exitstrategy.asp

So to minimize your risk, you really need to understand those 2 trading concepts. Specially the exit strategy, maybe you can set it as low as 2% or as high as 10%-20%, if they've been satisfied then liquidate and don't look back. You can always re-invest when there is a dip, at least you have exited with a profit instead of being trap and the only way to escape is to suffer a lost.

[Indrawan77]

That is absolutely a great advice, to make profit in trading we need experience and knowledge, the difference between greed and taking risk is only little, greed means you make decisions base on your guts and feeling, taking risk means you make decision based on the chart, analysing and the experience about the market, I learn a lot from my first trading and my first lesson is never to trust anyone to make decisions for your trade