Be a wise investor

[LimLims]

Well said.
From your writings i can feel the pain that you have gone through in the past.
But this is the major problem of the most of the newbies. Without doing a proper research on a specific coin, they do a big investment on it. And when later when the coin crashes or the it turns out to be scam, they cry on their fortune.
So it’s always better to think before you do something. As money is very valuable once gone can’t be earned so easily.
So always choose the coin wisely.

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[Dondeon]

Greediness has cost me a lot, I lost everything I have gathered in crypto just because I want to get so rich very fast, if you want to survive in crypto space you must learn to be focus, do not allow greed to take over you at any point. As far as the crypto space is concern, nothing is certain here, you can get it all in one day and still lose it all in one day, learn to move at your pace, you must be a wise investor.

[tarable]

You said absolutely nothing but the truth, before investing, know much about the project is needed so as not to invest in a scam project which can later lead to lost of fund, all full time investors should please learn from this thread to avoid stories that touch.

Full-time investors have also learned their investment for a long time, so don't think that these investors are stupid people in crypto, they are smarter in putting their money into investing, especially for those who have been deceived. At least once, it is clear that they will no longer easily trust anyone except people they know.

[Dr.Osh]

Well said.
From your writings i can feel the pain that you have gone through in the past.
But this is the major problem of the most of the newbies. Without doing a proper research on a specific coin, they do a big investment on it. And when later when the coin crashes or the it turns out to be scam, they cry on their fortune.
So it’s always better to think before you do something. As money is very valuable once gone can’t be earned so easily.
So always choose the coin wisely.

the thing that attracts most people to the cryptocurrency world is the huge profits without working hard. people think all places to invest are the same. however, that was a big mistake. many people even choose a coin because it is cheap and false information that the coin price will be very high in the future, or with a large bonus (this happened in ICOs), and it backfired on them. however, being wise, and doing research on an ICO will be a good weapon to choose the right and right investment place.

[raidarksword]

This is true, no easy money in crypto world and this surely not a easy money scheme that can make us instant millionaire just a couple of months or even years passed. With bad decision of crypto investments it could lose lots of fortune and that's not healthy at all. Controlling emotions and always doing research will only be the way to negate all bad decisions and future investments to come.

[FrozenBit]

been rich isn't the most important part of our lives but living a good life is.

Agree, because there are many things to experience in life, but not everyone realizes that. Most people's lives are under pressure from money, so people want to become rich and they invest. But remember that wealth doesn't come from luck, everything has a reason. And the fact that most people do not understand this market go to invest in it and hope it changes their lives.

[InwardContour]

This is true, no easy money in crypto world and this surely not a easy money scheme that can make us instant millionaire just a couple of months or even years passed. With bad decision of crypto investments it could lose lots of fortune and that's not healthy at all. Controlling emotions and always doing research will only be the way to negate all bad decisions and future investments to come.

Bad decisions taken in crypto investment can wash off all profit one has accumulated over a long period of time, hence its necessary to think / research properly before taking any investment action. For instance, when I started futures trading, I was comfortable with 2x 3x maximum. Later on greed set in, then I used 50x for a trade, I was so confident it will hit my sell target, but unfortunately the market surprised me and it went south, I got liquidated since my stop loss didn't hit. You need to build a good strategy and stick with it to be successful in crypto, you must not invest in all trending coins, knowing when not to invest is very vital too.

[Davian144]

This is true, no easy money in crypto world and this surely not a easy money scheme that can make us instant millionaire just a couple of months or even years passed. With bad decision of crypto investments it could lose lots of fortune and that's not healthy at all. Controlling emotions and always doing research will only be the way to negate all bad decisions and future investments to come.

It is true and very clear that everyone must always control himself in making every decision when he wants to invest, because there are so many people who are frustrated as a result of losing a lot of funds through bad investments in unclear projects.

[gaston castano]

Of course it depends on the thinking and each target and determined by each person, if they think getting rich is the right choice or their goal is to enjoy life why not?
The way people think is different and you can't conclude that what you say is good is also good for other people, no it's not like that.

[Galley]

When we are tirelessly trying to earn money to become richer, it is important not to forget one simple truth. You need to live not in order to work, but you need to work in order to live with dignity. Choose the right path to fulfill your dream, but do not become its hostage. Be content with small, striving for greatness.

[HerbertMarcel]

If you want to be an intelligent investor, it is important that you have some qualities. As such you have to be patient. You need to do research. Make the right decision at the right time. If you have all these qualities in you, then you will achieve success.

[Debonaire217]

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.

Don't be so greedy because it will not help you to win on every trading. Think more than twice or thrice before you invest into something because at the end of the day, you will be the reason if you lost everything or won your investment. Don't get too excited to be rich because it has process so patience and being wise are important.

[ancafe]

It is true and very clear that everyone must always control himself in making every decision when he wants to invest, because there are so many people who are frustrated as a result of losing a lot of funds through bad investments in unclear projects.

apart from not being able to control themselves, most of them also do a little research and make decisions, and it frustrates them in the end. however, in the end, it is not enough to be wise, but we need to know what and who we are investing in, concepts, and so on. this needs to be found out and continue to be considered.

[iTradeChips]

Investing is a huge risk and I think all the good investors know that as a fact. You need not just a hunch to know if your investment would be a good one or not. But rather they need to be able to learn trends, learn the techniques, know the rules, and have a lot of courage to face those factors that would contribute to their investment being a good one or not. Investing is really some sort of a business deal where only those who have the knowhow, will be able to be more successful that the ones who just felt the moment of investing.

[m.rifki]

Yes, Those who have too high expectations and tend to be too greedy to pursue wealth in reality do not produce anything. While people with common sense will be able to be grateful for what they get, Greed for the expectations they make will only lead to disappointment, only people who are patient and conscientious who can enjoy what they get.

[tabas]

Being rich with your portfolio can happen as long as those coins you've chosen are the good ones. There's a chance that you can make that much money on those random altcoins but it's pure luck whenever they get a pump. But the hard part is how long you can wait if you're an investor and longing to have a decent profit on your portfolio. It's better to be patient and wait rather than expecting that you'll earn overnight. So it goes with patience, being wise and resourceful as you go long term in the process.

[konflikkastil]

I believe this would have happened to any body doing this Crypto thing one way or the other. Believing one day the coins you have your wallet will make you rich one day. Let me shock you, it might not happen anytime soon or not even happen at all with those coins. Lot of us have missed good opportunity to sell our coins and then cash in small profits on them, but we will be waiting for the big whales. And only to find out later that the price of the coins has gone really down. That is if it doesn't go down below the price you bought it. We should be very sensitive and understand how the market works.

[avarnet]

It all depends on our efforts to fight for consistency in all work, like a month because of prayer alone but it takes struggle and consistency in working in all areas of projects and trading, sometimes if we are consistent it is not 3 years as you mentioned above even if we are consistent 3 or 4 months we are already rich caused by the performance and luck we have because of our hard work and belief in my opinion

[Pelana vreo]

In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.

Hodl, I will not regret if I do an analysis of every coin I have chosen, some alcoins and almost all coins have different prices, therefore the risk needs to be studied before choosing to invest.
Bitcoin and the other top 100 altcoins are great for trading, but have you ever thought the price of Doge is going up like it is now, hype can change everything and when you have a top coin then you have nothing to worry about because they have a large market cap.

[carrigan]

so true. do not be easily satisfied with what you have achieved let alone boast. try again to learn and do more deeply, of course you can get more benefits. Become rich is probably most people's dream because their life will be much better and decent. Be a wise investor who can regulate your own emotions to achieve goals. And one more thing you need to master a broader understanding of the market so that you can become a pope in the future.