Investment advice backed by real experience

[Latviand]

very informative write up although i think it safe to say we can equally invest what we are capable of losing, making an investment that will bring such anxiety is not a good idea, to each with their investment approach and capability but to me a decent amount that won't hurt us too much is good, not investing in btc at all is what is an offense ^{just kidding}, anyways, it has been a pleasure to invest in btc.

That's what really make investments risky, you only have two options, between winning and losing.

You need to deal with that and make a way in order for you to reach success instead of losing in your investments. BTC is really the best when we talk about crypto investments, that's why I never hesitated to engage to it from the past few years. I never doubt bitcoin about its credibility to give me a profit that I want once managed properly.

[1714633705]

1714633705

[bitgolden]

These are well known stuff obviously, however these needs to be said a lot, that way we could get more attention from people who do not know it well, even the most basic stuff about bitcoin has to be said constantly in order to make sure that bitcoin gets hold of everyone in the world.

There are still people who do not know what bitcoin is, that is not really good for us, we also need to make sure that buying and selling bitcoin is quite easy as well. Right now there is this whole situation of registering to a website, giving them all your info with a picture of you, then sending money from bank to theirs and getting bitcoin that day, hopefully one day it could be something a lot simpler, that way we could at least say that people can get in and learn very quickly.

[SquallLeonhart]

I definitely agree that people should be capable of and should be supported to actually do what they want with how much money they want. Even when you want to do something that is super risky or want to do something super conservative, if you want to do something you are free to do it and that way you will learn more. If you want to learn more about bitcoin that is the best way to do it. Even the wrong things you do helps you with how much you are growing in the bitcoin ecosystem.

When I first started a ton of mistakes, hell those mistakes cost me over 2-3 bitcoins as well but thankfully it didn't worth much at the time, but thanks to all those mistakes I have managed to actually get a good grip of what bitcoin is and how to move around in crypto so now I am doing much better.

[rodskee]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

it is very important that we must learn that this Market trading in crypto is not like a any market that you can make big money over
night because of the volatility and the demand from whom will invest or not
i have read so many thread and post that asking how much they can earn in days or 2 things that only stupid can answer,Starting to invest and roll small amount
is the best way to learn and study this market
when every one is seeking for quick profit,lets remain focus and persevered to make our trading worth profiting .

[Salauddin1994]

I agree with all of you that success can never be achieved without experience there is a need for experience as well as adequate knowledge. The best advice before investing is to study the market well it is not possible to trade without risk. We can only learn if there is a loss. it is important to start with a small amount of capital before investing in this way we will continue to increase the amount of capital as we learn and learn about the market. You can also learn information about investing after various threads.

[wxa7115]

very informative write up although i think it safe to say we can equally invest what we are capable of losing, making an investment that will bring such anxiety is not a good idea, to each with their investment approach and capability but to me a decent amount that won't hurt us too much is good, not investing in btc at all is what is an offense ^{just kidding}, anyways, it has been a pleasure to invest in btc.

That's what really make investments risky, you only have two options, between winning and losing.

You need to deal with that and make a way in order for you to reach success instead of losing in your investments. BTC is really the best when we talk about crypto investments, that's why I never hesitated to engage to it from the past few years. I never doubt bitcoin about its credibility to give me a profit that I want once managed properly.

And the worst part is that the odds are not even, if this was a 50% chance for both of those options then everything will be fine but you have a chance of losing everything of roughly 95% while you only have a 5% chance of becoming profitable over the long term.

This tell us that trading is an incredibly difficult enterprise and we must dedicate months or even years to master it but whenever I take a look around the market I see a lot of people that got here recently and they did not took the time to learn anything about the markets and yet they want to make as much money as those that have dedicated most of their free time to study to the markets, and as we know in the markets everyone single trader is your opponent so it is not really a surprise the money flows from those that did not took the time to study the markets to those that did.

[Shasha80]

Actually, what you explained about investing in Bitcoin in the opening post is not new, because there are already many
topics that discuss similar things. But I am happy with many topics like this, will keep us reminded how to become successful
investors. Because the advice in the opening post is very good if we always remember.

[pawanjain]

Second: Get the profit as quickly as possible "Overcome greed"

So you are basically saying to book profits and get the profits out by selling your BTC.
That shows how your investment you made is just for speculative purpose.
The real purpose of bitcoin was to use it as a payment method which is truly deviating from it's purpose these days.
I am afraid very soon bitcoin's purpose will be changed and people will only use it for trading rather than for payments.

[so98nn]

What makes Bitcoin valuable?
Bitcoin is rare and useful

there should be more emphasis on the useful part because being rare means nothing without it and the main reason why bitcoin is valuable (and continues to increase in price) is because of the utilities it provides alongside the uniqueness of it.
otherwise there are lots of altcoins that are a lot rarer than bitcoin while they have a lot less value which continues to decrease too.

Yeah, this one makes sense. To add to this, bitcoin even has become utility to invest and book the profits on it's trade. It is more or less tool for ya and nothing else. In the broader sense it should have given multiple ways to use it but we have somehow made it into the above mentioned utility.

Altcoins, are actually brought in the market with some vision behind the roadmap. They will have the value based on the developments in project. It means the more it flourishes the more it gets value. Now thats the rare thing in first place. Bitcoin as such carry good store value but not special use of it.

[el kaka22]

I do not believe that inflation in bitcoin is a real thing, people always keep talking about the coins that is mined but the regular spread of movement is so much that something so small doesn't make a change at all if you ask me, that is why halving didn't really changed too much neither, everything is going the same for now.

However one thing is for sure, regular fiat printing makes a difference, the whole American debt was 20 trillion dollars and we are talking about debt all together ever, and they printed 4.2 trillion dollars on top of that, you gotta realize how devaluing that is, bitcoin is not like that, you do not see 5 million bitcoins printed, we get very tiny amount and that is why I believe inflation of bitcoin should not really be a topic of discussion.

[Viscore]

Yeah, I believe that experience teaches as well more than a thing we have to learn from reading books and what others say.
Not only a few but many people asking why the price drops after buying bitcoin? Why does it happen? Is there any manipulation happening? These questions are common to hear but why it goes like this? It is because many investors come in here without knowledge, often to follow what others say especially coming from signals group.

That to OP said,

Beware of anyone who predicts the future, as all financial consequences are tolerable.

[carlisle1]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

Study and little by little taking experiences,SOme Exchange and other sites has free trading Bot and channels in which offering free trading experiences
 without using Funds meaning we are able to have a chance trading continuously in free.
Then we can try in real using smaller amount each strategy that we found better?
spending Money to lose is also good chance of letting yourself know how risky but challenging this area of investing so the more we will be careful but
dedicated,lets use the situation as motivation for more trading habit and success.

[CryptopreneurBrainboss]

There's really nothing to learn, except patient and expectation management, and a good sense of humour for when your investments take the inevitable nose dive;)

All you said is correct. In a lower scale you can see same scenario repeating itself with the DeFi hypes going around currently. You don't need some cristal balls to profit if you're smart and lucky enough to pick the right DeFi coin. Apart from the scams getting pump and defrauding investors, the some worth legit (per see) project are giving outrageous profits. Technically if you had invested in 99% of the DeFi coins currently active way back in 2019 or early 2020, you'll be in 5x or above profits right now.

The crypto space gives room for newbies to think overnight that they're professional Investors due to some luck and having the courage to seize an opportunity when it presented itself.

[buwaytress]

All you said is correct. In a lower scale you can see same scenario repeating itself with the DeFi hypes going around currently. You don't need some cristal balls to profit if you're smart and lucky enough to pick the right DeFi coin. Apart from the scams getting pump and defrauding investors, the some worth legit (per see) project are giving outrageous profits. Technically if you had invested in 99% of the DeFi coins currently active way back in 2019 or early 2020, you'll be in 5x or above profits right now.

The crypto space gives room for newbies to think overnight that they're professional Investors due to some luck and having the courage to seize an opportunity when it presented itself.

Yeah, I can see it now. A whole new generation of super traders who show off to their friends and followers how smart they were during 2020 making 4x, nay 10x the investment in weeks because they were smart enough to invest in Yams and Sushi. They'll be opening secret paid Bitcoin trading groups like they did in 2018, on the back of 2017 performance. And people will fall for it.

Stop being so predictable, people!

[crwth]

Yeah, I can see it now. A whole new generation of super traders who show off to their friends and followers how smart they were during 2020 making 4x, nay 10x the investment in weeks because they were smart enough to invest in Yams and Sushi. They'll be opening secret paid Bitcoin trading groups like they did in 2018, on the back of 2017 performance. And people will fall for it.

I think that's just the cycle right now with everyone or in general if I must say. Just like how people are still getting fooled by Ponzi Schemes. Ponzi schemes have been around the mid-to-late 1800s [1], and people even have been fooled by it, and it's because of the big G in their foreheads, Greed. It's the person's responsibility to know what to invest in or something.


[1] - https://www.investopedia.com/terms/p/ponzischeme.asp

[buwaytress]

I think that's just the cycle right now with everyone or in general if I must say. Just like how people are still getting fooled by Ponzi Schemes. Ponzi schemes have been around the mid-to-late 1800s [1], and people even have been fooled by it, and it's because of the big G in their foreheads, Greed. It's the person's responsibility to know what to invest in or something.

Yup. The media might get away with calling it Bitcoin Ponzi or Bitcoin scams, Bitcoin doublers, or whatever, but the fact is, these schemes have been around for as long as man has tried to come up with ways to make easy money quickly.

Fool and his money are easily parted. Fool and his crypto, apparently, takes even less effort.

[wxa7115]

Second: Get the profit as quickly as possible "Overcome greed"

So you are basically saying to book profits and get the profits out by selling your BTC.
That shows how your investment you made is just for speculative purpose.
The real purpose of bitcoin was to use it as a payment method which is truly deviating from it's purpose these days.
I am afraid very soon bitcoin's purpose will be changed and people will only use it for trading rather than for payments.

Unfortunately this was inevitable, I know that people laments bitcoin being used for speculation instead of its main function which is being a currency, however you need to understand the nature of the speculation, speculators are not going to take the time to invest their money and try to multiplied in an asset that is not good, otherwise they are just wasting their time and money, they immediately recognized in bitcoin an asset that was revolutionary and unfortunately this has the effect of bitcoin not being used as much for its main function.

However the day will come in which adoption by people that only want to use it to buy the stuff they need, but unfortunately those people are not going to understand why we need bitcoin until fiat currencies go through a massive crisis, and then and only then they will look for alternatives and bitcoin will be there to help them.

[stomachgrowls]

very informative write up although i think it safe to say we can equally invest what we are capable of losing, making an investment that will bring such anxiety is not a good idea, to each with their investment approach and capability but to me a decent amount that won't hurt us too much is good, not investing in btc at all is what is an offense ^{just kidding}, anyways, it has been a pleasure to invest in btc.

That's what really make investments risky, you only have two options, between winning and losing.

You need to deal with that and make a way in order for you to reach success instead of losing in your investments. BTC is really the best when we talk about crypto investments, that's why I never hesitated to engage to it from the past few years. I never doubt bitcoin about its credibility to give me a profit that I want once managed properly.

And the worst part is that the odds are not even, if this was a 50% chance for both of those options then everything will be fine but you have a chance of losing everything of roughly 95% while you only have a 5% chance of becoming profitable over the long term.

This tell us that trading is an incredibly difficult enterprise and we must dedicate months or even years to master it but whenever I take a look around the market I see a lot of people that got here recently and they did not took the time to learn anything about the markets and yet they want to make as much money as those that have dedicated most of their free time to study to the markets, and as we know in the markets everyone single trader is your opponent so it is not really a surprise the money flows from those that did not took the time to study the markets to those that did.

Main difference and its no brainer on who would be the one will able to withstand the fierce competition of this market.It do really compose of buyers and sellers which means you would really need to be smart when it comes on making out decisions but those can be attained by gaining experience throughout the years on doing up trades.

Somehow i do see for it to be next in line even to those people who do just jumped in with having those wrong beliefs or perceptions that they can make easy money but when the actual thing do make realized them then
thats the time they would seek out for new learnings.People wouldnt strive if they wont able to experience hardship in life.

All of the recipe on becoming a successful person on this field is to have the qualities of being patient,smart, good on time and money management etc.

[Inkdatar]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

Actually all is worth it to read and a lot of learnings here in the forum. This last part lesson from investors, as what others said never invest on what you cannot afford to lose. When I invest I usually study the market first with great care of course, and just a start invest with a small amount of money so you can learn through with your experience in trading.

[Hypnosis00]

I invest defi project.My experience Dia project investment when this price 1$.I buy some this coin.Some time hold this coin.This coin good profit for me.I sell this coin price 4.5$.This token really good.This token user future bright.Day by day this token price economic so good.Now crypto market down,This token price down.When crypto market up this token price huge pump.

Smart people always think about winning but those weak people always think about the negative and feel worries. And maybe you are one of those lucky people who've been investing crypto and make money in just a few days.
That is why is much better to join the market and invest crypto that is not already in the hype because it has a huge possibility that it soon will strike unlike if they are already at the hype.