JeramiParan
Jr. Member
Offline
Activity: 110
Merit: 1
|
|
July 08, 2019, 03:01:58 PM |
|
A very good lesson from cryptoarket is that, do not make decesions quickly that mighy lead you to bankcruptcy. If you going to invest do some research thoroughly, know the coin if you find it good invest it without fear.
|
|
|
|
Chikito
Legendary
Offline
Activity: 2394
Merit: 2056
|
|
July 18, 2019, 02:58:13 AM |
|
A very good lesson from cryptoarket is that, do not make decesions quickly that mighy lead you to bankcruptcy. If you going to invest do some research thoroughly, know the coin if you find it good invest it without fear.
As newbie stiil don't have knowledge about cryptocurrency, they came as trader valas or stock then say it same situation like they invested before. Then Boom dumping price and panic selling, fear coming first time they investing.
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
Botnake
|
|
July 18, 2019, 05:47:55 AM |
|
What I learned out of crypto market is never to be much greedy.
This is really true, with too much greed, it will be hard for us to be satisfied and we might end up losing. It's a bad attitude that every trader and investors has to control, greed would not give us a realistic approach as we will be making decisions based on our emotion, which I think not good if you are investing in a risky market of crypto.
|
|
|
|
djadmika
|
|
July 18, 2019, 08:09:38 AM |
|
The lessons referred to by the OP may be more into the trading category. If our main goal is an investment in bitcoin, then the price volatility that has occurred so far will not be a big problem. Investment is an activity of placing funds in productive assets in the hope of getting a return on the growth of the value of the asset, within a certain period of time. Investment is passive where we cannot control profits or losses in a certain period. While trading is buying and selling activities that are carried out to obtain profits in a certain period. Trading is active where we determine the profit or loss that we will get. This is where there is "fear" and "greed" as stated by the OP.
Bitcoin price movements always go up and down every time, but if you see price trends in the long run, the price always goes up. I myself consider bitcoin as a long-term investment so I am not too affected by the price movements of bitcoin.
|
|
|
|
gabbie2010
|
|
July 19, 2019, 04:32:58 AM |
|
A very good lesson from cryptoarket is that, do not make decesions quickly that mighy lead you to bankcruptcy. If you going to invest do some research thoroughly, know the coin if you find it good invest it without fear.
Personally one of the lessons I learnt about cryptomarket is that its a long term investment I never regard it as a short term investment and always take some profits at the appropriate period when the price reached high and avoid greediness, another lesson is that whenever the price dumps it is the most appropriate period to buy, accumulate and hodl obviously the price will recover and pump this had been the case with bitcoin on several occasions as you rightly said fears and emotions had been a major factor in decision making when it comes to cryptomarkets.
|
|
|
|
Schirer
Member
Offline
Activity: 560
Merit: 17
|
|
July 19, 2019, 09:44:33 PM |
|
The OP is surprisingly on the point. I often have given into " greed "and not sold my assets just to hold on for little more, to earn a little extra more untill the downtrend starts and I end up selling a lot cheaper than my original goal. it is very important to set clear targets and not to listen to emotion.
|
|
|
|
MonsterV
Legendary
Offline
Activity: 2212
Merit: 1008
|
|
July 20, 2019, 05:12:11 AM |
|
Sometimes many of us do not know that the greater the market fluctuations, the greater the level of fear of traders inside. Even pro traders were not spared from this fear. Bitcoin fluctuates rapidly, when it falls, many people are afraid and cut losses, then bitcoin rises again and they are full of regret. But when bitcoin rises they continue to hold as if bitcoin will never go down, I think that is the wrong way to trade.
|
|
|
|
akosijue
Jr. Member
Offline
Activity: 280
Merit: 1
|
|
July 20, 2019, 11:53:37 AM |
|
From my experience, those do make one lose money, confidence is the key I think. What I invested from my previous trades are only from bounties so I'm not that paeticularly frustrated, tho many traders still struggle eventho they're much more experienced than most.
|
|
|
|
narukami
Full Member
Offline
Activity: 375
Merit: 100
Adoption Blockchain e-Commerce to World
|
|
July 20, 2019, 01:51:30 PM |
|
I have learned a lot of lessons from crypto market and the best lessons i learned is not be greedy and always choose the best coins to invest, because if we put our money on promising coin like ethereum and bnb for sure we can able to make huge income.
|
AIGOAdoption Blockchain e-Commerce to World █ █ █ █ █ █ █ █..Find Us!:..
|
|
|
fourpiece
|
|
July 20, 2019, 03:17:07 PM |
|
Before investing always do a research on the project were you want to invest. Only invest what you can afford to lose, dont be so greedy always have some patience
|
|
|
|
Bajank
|
|
July 21, 2019, 02:53:04 AM |
|
according to my personal experience in the market when prices are relatively low, that's when we start to make purchases and must always know the information before buying
|
|
|
|
galestorm
Sr. Member
Offline
Activity: 448
Merit: 251
Futurov
|
|
July 21, 2019, 12:05:30 PM |
|
What i have learned from trading is that we should have patience. Truth be told all of us wants to reach the peak of a coin's value, that is why we hold onto it until it reaches a certain point where the price exceeds our expectations. We should get rid of fear out of the equation as it would just urge us to sell coins at a relatively low price. Greed however, is just fine. Just like what i have said, us traders are not satisfied with the current value of our coins. Though OP is right, we should set a certain point where we could sell our coins.
|
|
|
|
seagates
Jr. Member
Offline
Activity: 127
Merit: 1
|
|
July 21, 2019, 12:26:08 PM |
|
your greed rises inside you and you don't want to take profit and expect more
Wow this is literally me. The whole trading story
|
|
|
|
anggracoin
Member
Offline
Activity: 490
Merit: 10
freelanex.io
|
|
July 23, 2019, 04:50:24 PM |
|
Everyone in the crypto market has a high target for profit. Instead, they have a very small target for the loss so greed will always be side by side with fear of loss. The lesson besides that is patience. Everyone involved in the crypto market-tested mental patience to buy and sell.
|
|
|
|
ufaiz50
|
|
July 23, 2019, 05:22:26 PM |
|
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?
What you are demonstrating is more because there is no analysis and set goals in your actions to trade or invest in cryptocurrency, so you are fear and greedy for the conditions in ahead. It is also a suggestion for some users that analysis and strategy are important so that they are not too caught up in fear and greed.
|
|
|
|
. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
|
|
|
hahahafr
|
|
July 24, 2019, 08:57:43 AM |
|
There are so many lessons that i have picked from my trading activities. First you have to know that in your investment you only lose when you sell your cryptocurrencies. Supposing you purhcase bitcoin at the recent $13k and now it has reduce to about $10k. If you are not caught up with fear and hold you can still gain profits when Bitcoin further increases again. But most crypto noobs get scared anytime the crypto market crashes and things go down. They tend to forget that cryptocurrencies are volatile and their prices changes from time to time. Always go in for a long term hold and you always make some good profits.
|
|
|
|
silversurfer1958
|
|
July 26, 2019, 05:04:42 AM |
|
I have repeated many times that transaction error and I think the investment plan and trading style is a very important thing that we must not change it. Planned work, high discipline will bring good results in the field of investment. That's what I learned after a series of failures.
|
|
|
|
bering
Legendary
Offline
Activity: 2772
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
|
|
July 26, 2019, 05:12:05 AM |
|
Greed rises when you see uptrend situations that you want more and thought your profit will get plenty but everything change when market downtrend that people will starting to being panic and fear to loss so OP says makes sense that this always be happened to us but maybe the lesson from these you can learn how to control your emotion while involved in crypto and starting to set up your profit or your loss
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
iv4n
Legendary
Offline
Activity: 3150
Merit: 1174
|
|
July 26, 2019, 01:07:41 PM |
|
Lesson number 1. Expect the unexpected! Anything can happen, and probably will, sooner or later. That`s why you need to play it safe, to expect things to get worse, or to become better, and to have in mind what to do in both cases. Never trade with everything you have, never buy with everything you have, always have something on side that can cover you if things starts going in the other unwanted directions. When you expect the unexpected you are rarely surprised by the price movement, in either way. You evaluate the current situation, this step involves understanding the position where are you, and you act accordingly, if you think price will go down more short it, if you think price will go up buy and make your position stronger. Always have money that can cover you if price drops more, always have coins to sell if price moves up.
|
|
|
|
tonyvo2017
Member
Offline
Activity: 526
Merit: 10
Lifestyle & Wellness Platform
|
|
July 27, 2019, 07:56:43 AM |
|
For me, the biggest lesson I learned was righteous. we should have the right opinion and knowledge to analyze projects to invest correctly. Because I used to lose $ 4k2 in one investment in a project at the beginning of 2018. The project is called Current. I did not analyze the team and only rely on good news to invest. It is still working very well and has achieved many achievements but until now, investors have not yet received a token because the CEO always ignored the messages of investors.
|
|
|
|
|