The One Biggest Lesson you've learnt from Bitcoins Investment

[soltantgris]

Perhaps one of the biggest lessons for me was-don't trust anyone but yourself, and maybe don't trust yourself. You can understand this in different ways. This is quite philosophical.

[shoreno]

Perhaps one of the biggest lessons for me was-don't trust anyone but yourself, and maybe don't trust yourself. You can understand this in different ways. This is quite philosophical.

i understand the first one but the second one is a bit hard to understand  . what do you mean by dont trust your self ? if you dont then who will make the move   .  but that is true sometimes because not all times our decision was correct but what can we do about that . its also normal to make mistake sometimes  but atleast you did it by your self   . it will be regretful if you believe on others opinion and then you lost    .  though not all people are only going to deceieve   you   .  its only a matter of choice

[Casdinyard]

The biggest lesson for me is to stay with bitcoin all through out the competition here in the market. I started knowing bitcoin in late 2015, its price is just running around between $400 and $500 and I know there is something about bitcoin that you can't find with other coin, ' reputation' , that's the only coin that time that has a price of that high so I stick to it. Now I got enough from my investment on it, I can really say that patience is the key for ones success, definitely worth to invest on yourself.

[K4C]

When I first invested in Bitcoin, I didn't have much idea about Bitcoin. At first I invested a small amount and tried to find out about it. I understand that anything can happen at any time in the Bitcoin market. I have seen its value increase and decrease, but at the time of reduction and everyone had confidence in it. The value of Bitcoin may go down but there is no chance of it being scammed. This is a variable process.

[gundala]

~
What is your own one big lesson?

The lesson I got was: we must prepare savings because the condition of the crypto market is not always good.

I join in the crypto world when trading is quite good and it's easy to get profit from day trading. With the help of my close friend, I learned trading and collected a lot of profit at that time, until I had funds to get married. At that time I thought that things would be as easy and as good as that, so I used all the profits I could to realize my dreams, buy electronic goods, etc. I think that money can be easily sought again through trading and bounty campaigns. Then came the bad season, since mid-2018 many bounty campaigns failed, did not give rewards, and trading was difficult because of the deteriorating market conditions. It was really difficult time, there was no savings and income from the crypto world declined. This is the importance of having passive income and savings.

[Sadlife]

My biggest lesson is to not invest in something you dont understand. Back then when i was still a newbie i've always put money in Cloud minings reading their descriptions on how you can quickly ROI in more purchasing hashpower. Unfortunately i got scammed and found out that Cloud minings aren't really real mining companies. From then i've focused on investing and holding Bitcoin that was the biggest lesson i learned "if its to good to be true, then its not true.

[Alert31]

The biggest lesson i've learned from bitcoin investment is to save a part of it because we don't know what tomorrow may bring as we continue to take a chance from the volatility of bitcoin.
I learned it because one day that i earned a lot from joining a campaign and investing in bitcoin,i buy everything i want with out thinking about tomorrow until the time that it's difficult to earn again from campaign because some projects did not pay their bounty participant and i lost in trading. I regret that i did not save even 1/4 of my earnings before.Anyway ,regrets is always at the end and we can only learn from our mistakes.

[Stedsm]

--snip--

I believe this is an English-only section.


I was offered 10k BTC for the price of not even $0.1 a coin when BTC was not on the markets. I didn't take it seriously. 3 years later, I saw this exact same thing to be selling in 100s of dollars. I learnt that we need to overcome our fear and take big risks if we want to make something big out of our investments.

[kezinaur14]

Did you really invest in bitcoin or in other cryptocurrencies? I am asking because I cannot tell if you are an actual investor asking for user's personal experience or someone who only read a book or an article.

My biggest lesson is to have a plan and follow it. I've been burned before because I got a little greedy.

Absolutely, set yourself a goal and stick with it, sometimes plans change, sure, an emergency or whatever, but try to use money you don't "need" to invest, as if you need it you can end up having to take losses in your trades when your plan probably would direct you otherwise.

[7788bitcoin]

I was offered 10k BTC for the price of not even $0.1 a coin when BTC was not on the markets. I didn't take it seriously. 3 years later, I saw this exact same thing to be selling in 100s of dollars. I learnt that we need to overcome our fear and take big risks if we want to make something big out of our investments.

The missed opportunity to make a million dollars in a very short period of time and the number of people who mined the coins using their laptop and then selling it for a few dollars never expected the bitcoin market to flourish like this, even i did not expect the market to rise like this in a short period of time and luckily even though i was not able to get the coins at a small amount like you mentioned but still i was able to invest at a fairly small amount when i started.

[gantez]

Perhaps one of the biggest lessons for me was-don't trust anyone but yourself, and maybe don't trust yourself. You can understand this in different ways. This is quite philosophical.

In my own way, I learn not to trust telegram group that promise you high returns when you use their group to trade. They are mostly not sure and all prediction. It will therefore be cool to trade by yourself and take your risk alone too to succeed.

[crustycrab666]

In my own way, I learn not to trust telegram group that promise you high returns when you use their group to trade. They are mostly not sure and all prediction. It will therefore be cool to trade by yourself and take your risk alone too to succeed.

Do you mean trading signals? although it seems promising it is not fully effective. Most signals given almost touch the correction, in other words when the resistance is almost reached at the 75% level, it does not always provide an advantage because not all coins or tokens manage to touch the resistance before correction. When we do not have a basis in Technical Analysis then we will be easy to FOMO, when we are late then it's a loss.

This is a very important lesson, rather than join signal trading, we better improve our technical capabilities.

[XCANA]

Candidly speaking, the very one lesson I have learnt from this industry when it come to bitcoin is: whenever you want to invest into bitcoin ensure to make that a long-term investment and not a short-term investment. During the era of Bitcoin pump which took place in the 2017, I bought some bitcoin and hold but because the market kept me in the dark because the price refused to grow, I sold my little bitcoin without a profit. Within some weeks after sold my little bitcoin, the price get higher than I expected and I lost at the end of my investment.

[adzino]

Yeah, you either succeed with your investment and make profit or you fail and loose thousands of dollars. The worst part is you never know which one is going to happen. You are correct in this case, the market is uncertain. If everyone knew what would happen in the future, then everyone would be making profit!
Another lesson one should learn is that, if some investment sounds too good to be true, then just avoid it!

[FanatMonet]

Wait and not waste nerves due to falls. I got the bulk of my Bitcoins on various forums. I kept them both at a price of 20,000, and at a price of 3,500, and I continue to keep it now. It is a pity that in June 2017 he sold about 1.2 BTC (about 75% of all my BTC), because it took money to move. I wait six months, I could get 6-10 times more for this amount.

[fullhdpixel]

There are different ways I have worked with Bitcoin and I learnt a lesson from all of them. Talking about Bitcoin as an investment, I learnt to do my research perfectly and have patience. Whenever I invest in Bitcoin I always make sure that I do some good analysis work and after that I will be able to tell when is the right time to start my investment and once I invest I always have patience and hold for a long time. Then in trading, I have learnt to manage my risks and avoid some characters that are not good for a trader. It has really helped and I have also been able to apply what I learnt in areas where they are necessary.

[pakhitheboss]

My biggest lesson from Bitcoin investment is to have patience. Lots and lots of patience. There have been instances wherein I have sold my Bitcoin just before the price went up and I regretted my decision. It is better to keep a cool mind and always think about long term gain when you are investing in Bitcoin.

[Asuspawer09]

my big lesson is probably something that has happened to many people:

when I started to trade I had some habits that don't let me think correctly, I bought bitcoin for $8000 for example and when the price dropped to $7800 I still believed that the price would go up again. When I woke up the next day the price had already dropped to $7200 and I still believed that the price would recover, it would pass a few days and the price would drop to $6800, I was irritated by it ... until I sold it and the next day the price started to rise to the point of exceeding $8000. it happened to me more than 10 times until i started using Stop - Limit and that's how the cycle of losses ended, but i must say it was a great lesson i learned and it took a long time to learn

I feel you mate I lost over 400$ in this buy and selling just because I sell my bitcoin and couldn't wait for the market price to pump again.

Maybe if your not good and long term investment you should just go for buy and selling even for a small profit at least you are not losing profit, but still earning also the time that it would take before it pumps again is a lot maybe months or year so getting that profit would take a  big risk so it is not really a big loss if you already sell your bitcoin for a small pump or profit, still a win situation especially if you really need the money for an emergency.

[Cryptoababe]

I didnt really invest in btc. But I got an airdrop some years ago which was hydro.
I did this airdrop around 2017 and I was given 444444 Hydro. Then, I work in an organisation but I get paid with very small amount

To cut the story short, Hydro gets to 2 cents per token and I didn't make proper use of the token. I just kept exchanging them to btc and using btc to buy shit coins which almost all later yield nothing.

Now, I wish I started trading btc by then and I've been keeping them as btc. I know by now, I will still have some funds by hydro airdrop with me..

My lesson here is, I should have kept some as btc which is the No 1 of all cryptocurrency but u didn't . I bought bunch of shit coins and now, I'm regretting that.

Also, If I've know about trading by then, probably, I will not be regretting by now. But anyways, its all fine now, I can differentiate between shit Project, scam project and real project. Although I'm not fully perfect but Im more experienced.

[Becky666]

For those who know me can testify about my involvement into Bitcoin as a cryptocurrency, I came around to know about this technology from a friend who told me some horrible experience while holding Bitcoin. She hold some good stash of Bitcoin but never understand his to trade Bitcoin on exchange, whenever the price of Bitcoin goes down, she loss along the line and sometimes sold even at the dip for a greater loss.

 I came into Bitcoin around early 2019 and study the trends to found out that; buy Bitcoin when the world crumble around the technology and hold when they will start f**lishly buying back. With this, I was able to make good profits for.myself and my friend. "What you trust, you should believe".