LESSONS FROM CRYPTO MARKET

[Fredomago]

One of the best lesson I learned from crypto market was to wait for the best opportunity before joining a trade,  never rush over a trade that has left already also I learned that it's best to trade against countless other trade, always take profits no matter the little amount of the profit made

If you have given such opportunities, it's better to grab those profits even in a smallest part of it than to wait and be stuck. Greed needs to be
controlled especially with this types of volatility where you can't assure what will be the next market movements.

Be wise enough to judge the condition or situations, find your best position from both long and short term intervals.

[Webetcoins]

One of the best lesson I learned from crypto market was to wait for the best opportunity before joining a trade,  never rush over a trade that has left already also I learned that it's best to trade against countless other trade, always take profits no matter the little amount of the profit made

Being patient and profit taking is very essential in trading. It is also important for a trader to have a plan to follow because if you will just go with the flow of the market that you will take profit what the market offers to you then that is not a good trading experience because you do not have a clear stats to follow. Make sure that you set rules for yourself to maintain consistency and also to avoid unnecessary mistakes.

Impatience brings loss. There is no point of hurrying when you understand that you do not have the sufficient skills and required tools for success. It is much better to learn first so that the journey will be a safe one. As is is said, victory loves preparation. I am happy to hear that you learn a good lesson from digital world. Trading demands calm mind and a lot of trust. Moreover, even small earning are earnings.

[ringgo96]

One of the best lesson I learned from crypto market was to wait for the best opportunity before joining a trade,  never rush over a trade that has left already also I learned that it's best to trade against countless other trade, always take profits no matter the little amount of the profit made

In trading it is patience. mentally and emotionally will be a big challenge for traders. they must be able to control themselves to be even better. certainly do not want to get a big loss from their trade or when taking long positions. they must be calm and control their ambitions when it comes to this. I lost several times due to lust and greed

[desticy]

Under your statement, you can draw a line and write one word "experience".
Due to the lack of experience in such a young market as a cryptocurrency, we understand our mistakes post factum, we only recognize them after a lapse of time.
More than once I came across the mistake of greed, buying a coin in the midst of its growth and then losing everything, fearing to fix the losses due to my greed and fear.
Thus, for one price pump, I fell into the trap of greed and the trap of fear. Fear of loss. All this for one simple reason - lack of knowledge.

[JC btc]

One of the best lesson I learned from crypto market was to wait for the best opportunity before joining a trade,  never rush over a trade that has left already also I learned that it's best to trade against countless other trade, always take profits no matter the little amount of the profit made

In trading it is patience. mentally and emotionally will be a big challenge for traders. they must be able to control themselves to be even better. certainly do not want to get a big loss from their trade or when taking long positions. they must be calm and control their ambitions when it comes to this. I lost several times due to lust and greed

Indeed, trading is not something that we will join when we want, or we will trade whenever we want, it requires perfect timing, right decision making, right market, we should not be in a hurry at all, we should always learn all things first, have an experience before we give our all in. Patience is what we needed most on it.

[unicode.03C0]

One of the best lesson I learned from crypto market was to wait for the best opportunity before joining a trade,  never rush over a trade that has left already also I learned that it's best to trade against countless other trade, always take profits no matter the little amount of the profit made

In trading it is patience. mentally and emotionally will be a big challenge for traders. they must be able to control themselves to be even better. certainly do not want to get a big loss from their trade or when taking long positions. they must be calm and control their ambitions when it comes to this. I lost several times due to lust and greed

Indeed, trading is not something that we will join when we want, or we will trade whenever we want, it requires perfect timing, right decision making, right market, we should not be in a hurry at all, we should always learn all things first, have an experience before we give our all in. Patience is what we needed most on it.

Patience allows us to buy common and sell dear.

[virasisog]

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?

It is both true when it pumps greediness arises, when it dumps fear makes you panic.The lesson i learned specially from 2017 and 2018 ,we have to understand the market flow.
If it pump it will not always be like that so decide when and set sell. And when there is blood in the market take the chance to store up because every dump there is a pump. Do a research buy the good ones and be patient.

[shield132]

Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

[dentolas]

My most valuable lessons where also similar to yours, greed on one hand, leads you to always wait that the price goes higher... and then you loose your chance to sell... panic on the other hand can lead you to rush decisions that will kill your investment...

Pacience and calm are very important assets, as these will keep you safe from rush decisions... easier said than done  but I'm working on it

[Aying]

~snip

Patience is the first thing that i learned in crypto market for me not to have huge losses. In cryptocurrency, here i always learned from my mistakes that i should know how to control my emotions when it comes making decision in trading and investing my money in crypto because i always experienced losses which is normal, but we still need to learn how to minimize our losses for us to earn bigger profit.

We learn patient if we experience losses. you are right that losses are normal in crypto but we should do better to avoid this or lessen the amount we lost. I learn experience from others and I don't estimate the price whether it come up and down I really observe and watch the market flow everytime and read some articles to learn its movement.  so its better to experience this all to become a better trader that what we wanted.

[gandame]

You can get more lessons here in crypto world.
Greed if someone are greedy to get more profits here in bitcoin they are not contented to there profits they want more.
Fear some have that they fear to lose there profits so if they say that they get small profit they sell it.

[youdacapt]

Confidence and discipline will make a big difference. there is no more fear when we know where resistance and support will go, especially when we use leverage, the fundamentals must not be thought of first. Discipline is the next key where when we analyze the direction of the next step (according to the time period), sl will always be used to determine profit or cut losses.

[secretgirl]

Confidence and discipline will make a big difference. there is no more fear when we know where resistance and support will go, especially when we use leverage, the fundamentals must not be thought of first. Discipline is the next key where when we analyze the direction of the next step (according to the time period), sl will always be used to determine profit or cut losses.

I agree with your opinion, trust and discipline will make a difference. I think greed and fear will disappear in our thinking, when we are confident and disciplined in trading. for example, we make a benchmark of 2k, when the price exceeds the purchase price and we already profit by the amount of 2k, that means we have to make a sale. Likewise, when prices fall, we must also benchmark. so with what we do, in my opinion will minimize greed and fear in trading.

[alisonwonder]

there are many lessons to be learned when you trade in the cryptocurrency world, one of which I think is very important is that you can control the patience you have and are not greedy, because usually when you are greedy you will find it difficult to be able to profit, it's better to take enough profits and do not be greedy.

[binhvo1505]

My lesson is never be too involved, just like you. This is a common mistake of newbie like us. I would have lost the chance to get $ 1k6 in 10 minutes if I didn't remove the sell order.
I was greedy when I bought wpp and didn't want to sell them when the price went up, and now the price has dropped and I only have a profit of about $ 500.
This is a big lesson and everyone should be disciplined when trading.

[asus09]

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?

Patience is the first thing that i learned in crypto market for me not to have huge losses. In cryptocurrency, here i always learned from my mistakes that i should know how to control my emotions when it comes making decision in trading and investing my money in crypto because i always experienced losses which is normal, but we still need to learn how to minimize our losses for us to earn bigger profit.

Lets leave crypto without have patience and never can't control how your emotion when bitcoin or altcoin up and dump, many investor never take risk when price down with sell by panic moment and buy when price have reached higher price, they invest based on what recommendation from the other without know how to check chart and condition before investing.

[dioanna]

Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

ugly truth sometimes people normally do not learn from their mistakes even if it happenned twice or more.
Self-discipline is really hard to achieve, it needs enough focus and motivation. I am also guilty of this.

[tambok]

Problem is mentioned correctly in this thread but what's really worst to my mind, I can say that people don't learn from this lesson.
It's most common when people buy on good price, then it rises and they expect more (at some point it's really hard to decide when to sell bitcoin cause it may skyrocket or will just rise a little bit, everyone prefers chicken over egg) but how they end up is that price falls and then this fear of loss makes them to sell asap and finally they loss some or a lot instead of profit.

ugly truth sometimes people normally do not learn from their mistakes even if it happenned twice or more.
Self-discipline is really hard to achieve, it needs enough focus and motivation. I am also guilty of this.

If people cannot control their emotions and don't believe in their perception, then maybe investing in crypto is not for them, crypto investment is good if we know what we are doing, if we can find time searching things, and we know how to analyzed our mistakes, our loss, and we are also open to the opinion of others.

[panganib999]

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 I learned and has been the biggest lesson I've learned here in the crypto market is, never get too emotional while doing your job or business here. Getting too emotional while in the midst of the rollercoaster movement of the market cap will surely screw you and will mess up your rationality, leading you too make impulsive decisions. Since then, until now I had that lesson with me, to never let your feelings and emotions get in the way, not only in crypto space but also in every aspect of life.

[White Christmas]

My lessons in the crypto market especially in trading is risk all the things that you can afford to lose, why? Simply because of this you can risk all the things that you have and if you lose you can cover it up eventually and you will not be suffers from a huge loss right? That would be the best motto in my life that I learned here in the cryptomarket.