Don't repeat same mistakes

[doctor877]

Long term holding is good mostly when you are able to buy low especially in a bear season. Also you will be forced to hold for long term if you bought high and you don't want to sell low. It all depends on what you like to do or what you can accommodate, however it's more better to buy low and hold for long term, taking profits at the due time without greed.

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[Wawa2013]

I agree that the bear season will definitely last longer than the bull season, so if we already get profit from the coins we HODL, it should be
sold immediately. Don't delay it to get a bigger profit. Greed will only make us miss the opportunity to get profit. I think it's better to get
a small profit but repeatedly, rather than getting a big profit but having to wait a long time.

[coinswebid]

In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?

Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.

Know when to get in and know when to get out, don't be a greedy bastard.

indeed, so many people don't know when the right time to exit the market, because a lot of them gecome greedy, when see the price growing up
and they will regret when the price down really hard, because they don't sell their assets when the price in the TOP
i think the best idea is by setting up some realistic profit target when we hold any kind of cryptocurrency

[DarkDays]

In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?

Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.

Know when to get in and know when to get out, don't be a greedy bastard.

That's a useful insight, and one we should remind ourselves of at these times.
I agree. The biggest difficulty can be when you know you should sell. The bull run won't be forever, so it is more important to get out with the little profit we can generate before getting into the teeth of the market. Though, greed can play a major role...

[lienfaye]

greed is indeed the main role in terms of profit and loss, this I experienced when I first started trading, because I wanted to get more results, always holding the price of the altcoins I bought, even though if sold I made a profit, but I held back too a long time and in the end I took a loss as a result of that greed

We all want to earn as high as possible but for aiming such, we forget to value the current profit that we might get if ever we sell. But because we are refraining fom selling to see how much the price can go, we didnt notice its too late because the price already drop unexpectedly.

Dont buy a coin at peak price and be contented for the profit you have (regardless how much is it) and dont be greedy. These two things are important when it comes to investing in crypto. Learn from the past mistakes and move forward as an experienced trader/investor.

[Question123]

If they make a mistake in that year for sure they already grow or they have chances that they are chances that can able to avoid it because they already have experienced and it's really better to not do it again because it will result losing money that is not good for you. But sometimes the mistakes is not we want to happen because if it's gonna happen it will going to happen like crashing value of the bitcoin.

[LogitechMouse]

Don't be too greedy like what the OP has been posted and he put a significance through it by putting "greedy bastard" and I agree with what he said though.

Having a plan of target selling price and target cut loss would help you. What's worse is that there are some people who did the same mistake once and unfortunately did it again for the second time .
In short, having a selling price and cut loss price is the key .

[RabbiTANK]

It always start with some people and it always ends with some people, there is no way to turn this around, some people will surely be trapped in every bullrun cycle, those who can't wait for another bull season will have to take their losses, many still don't get it that bull season is a bad time to buy

[Miaallen]

The mistake is already being repeated and will keep being like that. A lot of people joined the Bitcoin holding at $40,000 thinking the rise price would be heading to $50,000 but we can all see how market turns to be. Some have been holding Bitcoin since when it was $7,000 last year but their greed to make more profits didn't allow them to release it. Most of them have lost $8,000 on each Bitcoin they hold now base on the ATH and the current price.

[Shubh7668]

Yup correctly said,now also many people are investing in the token which are near about its ath or had broken its ath.
May they will earn good profit but it's too risky also..

[slaman29]

A lot of people joined the Bitcoin holding at $40,000 thinking the rise price would be heading to $50,000 but we can all see how market turns to be. Some have been holding Bitcoin since when it was $7,000 last year but their greed to make more profits didn't allow them to release it. Most of them have lost $8,000 on each Bitcoin they hold now base on the ATH and the current price.

I don't think a lot of people came in at $40k, most of it was from between 30-35k, talking about individuals who finally got in after waiting for years on the sidelines. So now we have a lot of people sweating hoping for that 40k, rather than looking to get more in at that price.

Can't imagine anyone holding at loss now.

[Mighty_crypt]

Look around you, some people re already in loss because they invested in bitcoin at 47k, they simply thought bitcoin will grow over 50k probably, this is what I hate about buying coins when they are pumping, it's always a bad move, you can only tell the difference once you get caught

[republicrypto]

in fact we need to learn from past mistakes and this time invest wisely and diversify buy bitcoins only if the growth chart is constant and then can do scalping on the fly, then also buy some altcoins with high growth potential such as ethereum and polkadot

thats right, because if we don't want to fall in the same mistakes we must learn from the past mistakes
and remember to learn about how to manage the risk in our investment my friend
regards

[GeorgeJohn]

Many think that bitcoin will reach a value of over $ 20k, that therapy is just speculation, we don't really know the future price.
 But I myself predict the bitcoin price will be over $ 20k, but I don't know when that will happen

Really your predictions has come to reality because looking at the current price of bitcoin now is above the predictions you made, so it's obvious that bitcoin will keeping on going up instead of coming down to the initial values in 2020 - June and September which is approximately ten thousands (10k) and nine thousand (9k)  so due to it's increments it's very clear that it will reach like 80k in the next two years or three years now,  so based on Op, is good to make a mistaks like twice so that we shall use it as a lesson in terms storing or holding any cryptocurrency for long time before selling out.

[cryptoknightt]

nobody want to repeat same mistake, but we actually can't make the prediction always right.
because market is unpredictable, for some reason we will always do the same mistake, because when in that situation we can think clearly.

[Hamphser]

sometimes traders don't remember that they have made this mistake, usually the most important mistake is not being able to control their patience so that it makes them sell their assets cheaper than buying, which will make many new traders think that trading in cryptocurrency is very dangerous.

They wont really able to realize if they wont able to commit or experience those kind of mistakes which are pretty common into this market.Dont repeat the same mistakes?
Its really easy to say but it is really hard to follow basing on the current market condition.You cant just hold nor be willing to wait up for definite time just for you to break even.
For those who do able to held up for how many years then thats really quite a challenging thing for someone to hold this long before they do able to break even but mostly will
really be selling off their assets in earlier time and then accumulate when its cheap and trying to recover basing off on the profit that they had made.

[fahmimajannat]

Ha actually. If you become greedy you have to face loss. Because its crypto. Anything can happen. Set your goals when to buy and when to sell. When you will reach the goal do as per plan. Don't be greedy.
Something is better than nothing.
So understand the facts properly.

[firmino10]

But how would you locate the correct time to sell? The 2017 bullrun was filled by the ICO hype but this occasions appears to be unique. More sure news from outside of the crypto world that clue to a lot more extensive adoption. I think we are simply seeing the start of the bullrun and it will go a lot higher than 2017/18. Furthermore, I don't expect a particularly monstrous dump thereafter.

[speedforce]

nobody want to repeat same mistake, but we actually can't make the prediction always right.
because market is unpredictable, for some reason we will always do the same mistake, because when in that situation we can think clearly.

Yeah, example people want to avoid same mistake and then sold the bitcoins at 23k because they think its already on its peak, its end bitcoin surpass it and make another ATH, they end of regret their decisions and hope they can hold longer. People are never feel enough, most of them are greedful.

[Lanatsa]

nobody want to repeat same mistake, but we actually can't make the prediction always right.
because market is unpredictable, for some reason we will always do the same mistake, because when in that situation we can think clearly.

Yeah, example people sold the bitcoins at 23k and think its already on its peak, its end bitcoin surpass it and make another ATH, they end of regret their decisions and hope they can hold longer. People are never feel enough, most of them are greedful.

Being greedy is one of the most common behavior that would surely come out in times like this.I don't really consider for it to be a mistake on selling off at 23k knowing that
it is already on past 20K ath that we had been hoping for it to be breached or broken.If someone do able to buy lower on that price then that's
already considered as a good decision.

Feeling of regret is there because as a human we do normally react or do hope on having more.We don't like to miss out opportunities to make money.
which in result into change of plans or altering on what you had made earlier.

Tendency? You would really be changing up plans and becomes desperate because emotions is already mixing up along with the process of your trades.