Hamphser
Sr. Member
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June 20, 2021, 04:21:41 PM |
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My worst mistake was that I didnot hold for a long time in crypto, and then I faced a lot of loss. In crypto, we need not to panic, if the price of any coin goes down, if we panic and suddenly sale the coin in case of price going down, we might loss many dollars, so we just need to hold the coins, as in crypto HOLD IS GOLD ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Not all the time because not all coins would really be growing in ahead of years to come so it do still matters on what coins you've been holding neither its a good one or still totally shit. Holding too much does have its own con's too like missing out chances on selling on the right time as the coin didnt never ever increased its price after such correction. We do have lots of mistakes in crypto investment but doesnt mean that it is already over.We can still start over and rebuilt up on what we had missed.
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South Park
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 23, 2021, 04:56:01 PM |
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my worst mistake recently is happening, i actually lost my $1000 on binance because i played futures trading, i'm totally crazy for a few days, i can't sleep, does anyone have the same experience as me?, because $1000 is my hard work result money and it's gone in an instant, sadly
What is done is done, you cannot change what happened so you need to calm down and try to relax, if that was not all your capital then you need to stop now before you do something bad and then you lose the rest of it, you need to stay away completely from trading for some time, probably a month is a good idea, then after that time has passed you need to analyze what went wrong and then take a few months to study the markets if you are interested in doing this again.
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Benefactor
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 24, 2021, 03:41:00 PM |
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I was extremely anxious and can not hold any coin, Thus I have lost the shot at getting some great benefit. Another most exceedingly terrible error that I did was the point at which I froze sold. On the off chance that I'll summarize those slip-ups, it's difficult to acknowledge that the worth has risen and the sum is not, at this point a joke.
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kapalmabur
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June 24, 2021, 04:12:02 PM |
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my worst mistake recently is happening, i actually lost my $1000 on binance because i played futures trading, i'm totally crazy for a few days, i can't sleep, does anyone have the same experience as me?, because $1000 is my hard work result money and it's gone in an instant, sadly
What is done is done, you cannot change what happened so you need to calm down and try to relax, if that was not all your capital then you need to stop now before you do something bad and then you lose the rest of it, you need to stay away completely from trading for some time, probably a month is a good idea, then after that time has passed you need to analyze what went wrong and then take a few months to study the markets if you are interested in doing this again. By staying away from trading for a while I think that's good advice, because with this bad experience, it certainly makes us psychologically disturbed and of course if we remain determined to trade, we will most likely be affected, so it's better to rest first and evaluate what was wrong at that time and hopefully in the future it won't repeat the same mistake
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conected
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June 24, 2021, 05:33:14 PM |
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my worst mistake recently is happening, i actually lost my $1000 on binance because i played futures trading, i'm totally crazy for a few days, i can't sleep, does anyone have the same experience as me?, because $1000 is my hard work result money and it's gone in an instant, sadly
What is done is done, you cannot change what happened so you need to calm down and try to relax, if that was not all your capital then you need to stop now before you do something bad and then you lose the rest of it, you need to stay away completely from trading for some time, probably a month is a good idea, then after that time has passed you need to analyze what went wrong and then take a few months to study the markets if you are interested in doing this again. By staying away from trading for a while I think that's good advice, because with this bad experience, it certainly makes us psychologically disturbed and of course if we remain determined to trade, we will most likely be affected, so it's better to rest first and evaluate what was wrong at that time and hopefully in the future it won't repeat the same mistake - A step down to temper turbulent emotions is the right thing to do in a bad situation but the premise is that we don't get into futures contracts because in futures trading, a few distractions are enough to change us into gamblers, the way we can regulate emotions is very limited, failure can cause us to increase and cram more money in large volumes, and some large volume of liquidation will also kill our assets. My impression is especially bad about this form when the monetization speed is not equal to the liquidation speed
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isaac_clarke22
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June 24, 2021, 07:51:03 PM |
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~
Heard of those a lot in here back in 2017, but it was always a "meh" for me even when I was still a newbie back then. Imagine why do people still work a lot when there's possibility that doublers even exist in the first place. From that mindset, I never believed in any of these doublers.
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Mahanton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 24, 2021, 09:10:45 PM |
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~
Heard of those a lot in here back in 2017, but it was always a "meh" for me even when I was still a newbie back then. Imagine why do people still work a lot when there's possibility that doublers even exist in the first place. From that mindset, I never believed in any of these doublers. With just your own common sense then you could really tell it on the first place that those are just indeed obvious scams or money grabbers. I wont deny that when im still a noob you would really get easily hooked up with these things on where you do really believe that you could really make yourself rich in no time if these things would really continue to exist on the first place but if you do really make out some realizations then you would eventually find out that these are just obvious scammers whom do really take advantage of those newbie minds.
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cheezcarls
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June 25, 2021, 11:33:27 AM |
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My worst mistake is that I let go of my BTCs for USDT in early December 2020 before Bitcoin took off like crazy. Until now I am still regretting it. Also my second worst-mistake is that I HODL for too long and not taking profits when it goes high, but it applies to some coins and tokens that I’m holding. Even experts and professional are experiencing their worst mistakes too, despite their experiences.
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carlisle1
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June 25, 2021, 01:44:02 PM |
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Replacing that regrets with dedications and focus, finding the right spice when dealing inside the market, all of us probably experienced the same thing, but the takes from those who keeps moving forward and keep aiming to succeed see those mistakes as learning process to avoid doing the same mistake but to prepare them and make the right decision when the time comes. It's all about trying your best and make things possible even you suffered at first then gain success after. My worst mistake is that I let go of my BTCs for USDT in early December 2020 before Bitcoin took off like crazy. Until now I am still regretting it. Also my second worst-mistake is that I HODL for too long and not taking profits when it goes high, but it applies to some coins and tokens that I’m holding. Even experts and professional are experiencing their worst mistakes too, despite their experiences.
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Btcvilla
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June 25, 2021, 02:19:53 PM |
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I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year). Would be happy to read about your experience !
the mistake i ever made was i was too ambitious and put all my assets at the beginning. And at that time I played a coin whose future could not be predicted. So I lost a lot of my assets at that time. But I made that an important lesson, I have to analyze before doing anything and learn with people who are more experienced
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qwertyup23
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June 25, 2021, 04:27:30 PM |
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I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year). Would be happy to read about your experience !
My worst mistake so far was selling almost all of my coins whenever I receive them from my past campaign signatures. I remember back in 2017, I was just a young person who was hoping to earn money online. As someone also who grew up in a household consisting of a single dad and 3 brothers, I reluctantly withdrew and cashed-out almost all of my BTCs whenever I receive them as payment from participating into campaign signatures (1 BTC = $40-50k). Looking back, if I had not touched my BTCs back then, i would have accumulated around $20k BTCs right now which would significantly help my dad into his expenses.
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South Park
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June 27, 2021, 04:01:36 AM |
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my worst mistake recently is happening, i actually lost my $1000 on binance because i played futures trading, i'm totally crazy for a few days, i can't sleep, does anyone have the same experience as me?, because $1000 is my hard work result money and it's gone in an instant, sadly
What is done is done, you cannot change what happened so you need to calm down and try to relax, if that was not all your capital then you need to stop now before you do something bad and then you lose the rest of it, you need to stay away completely from trading for some time, probably a month is a good idea, then after that time has passed you need to analyze what went wrong and then take a few months to study the markets if you are interested in doing this again. By staying away from trading for a while I think that's good advice, because with this bad experience, it certainly makes us psychologically disturbed and of course if we remain determined to trade, we will most likely be affected, so it's better to rest first and evaluate what was wrong at that time and hopefully in the future it won't repeat the same mistake It is in fact critical and many books about trading recommend this, if you trade after you suffered a heavy loss it is likely you will overtrade trying to recover the money you lost, and if someone was unable to beat the markets even at their best then it does not make sense they will be able to do it now that they are mad about what happened with the previous trade, many times it is simply better to take your time and analyze what went wrong in order to avoid this happening to you again than to trade immediately after a loss.
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nhaila
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June 28, 2021, 10:15:33 PM |
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I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year). Would be happy to read about your experience !
Cryptocurrency market always full of risks and no one can easily predict something in future. So I had no idea about Binance coin. When Binance coin price less then $15 then I sold my 147 Binance coin at $15.63 per rate ......it's my the best regrets ..
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leea-1334
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June 29, 2021, 03:03:04 PM |
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Cryptocurrency market always full of risks and no one can easily predict something in future. So I had no idea about Binance coin. When Binance coin price less then $15 then I sold my 147 Binance coin at $15.63 per rate ......it's my the best regrets ..
But why regret? BNB is now $12 and two days ago it was even $10 and now maybe with all the bad news coming about Binance being banned in Ontario and in the UK and so on I will not be surprised if it dips before recovers. You can buy back all 147 BNB and more at today's price. Essentially you made a profit. Put it all in Bitcoin now;)
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dmamigo
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June 30, 2021, 07:29:17 PM |
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I made a lot of mistakes but the worst two was not buying Bitcoin when it was $200 because I just entered the crypto industry with no understanding but still, I feel pathetic now and then selling half a Bitcoin way earlier due to some personal reasons, few of them was essential and necessary but few were not immediately required. So, I do feel bad for these reasons and I consider them as a mistake and a worst one.
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Hamphser
Sr. Member
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Merit: 338
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June 30, 2021, 08:12:41 PM |
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I made a lot of mistakes but the worst two was not buying Bitcoin when it was $200 because I just entered the crypto industry with no understanding but still, I feel pathetic now and then selling half a Bitcoin way earlier due to some personal reasons, few of them was essential and necessary but few were not immediately required. So, I do feel bad for these reasons and I consider them as a mistake and a worst one.
Not really that bad when you do sell out for some important personal reasons or specially in need because i had been doing that since i was engage into crypto market on where all of my earnings are converted actively because i do really need it to sustain my living which i dont really considered to be a mistake. I wouldnt make this far if i havent done that but to think on how much you had saved or earned after all the years then for sure that would really make me rich already but i dont feel any regrets as long i do still continue to earn even up to this day.Mistakes is on when i do consider on making investment with Hyips and Ponzi way back into those earlier years where i do believe that i can make easy money but i was wrong.
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South Park
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July 01, 2021, 08:37:01 PM |
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I made a lot of mistakes but the worst two was not buying Bitcoin when it was $200 because I just entered the crypto industry with no understanding but still, I feel pathetic now and then selling half a Bitcoin way earlier due to some personal reasons, few of them was essential and necessary but few were not immediately required. So, I do feel bad for these reasons and I consider them as a mistake and a worst one.
I do not think that not buying at the time when bitcoin was at 200 dollars for each coin was a mistake, after all you say that you just entered the industry and you simply did not had the knowledge to be able to hold those coins no matter what, it only seems a mistake in hindsight now that we have seen the price of bitcoin reaching such high prices, in fact many people back then were pessimistic and did not believe that bitcoin could reach 1k, which shows that many things have certainly changed since then.
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Questat
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July 01, 2021, 08:49:39 PM |
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I made a lot of mistakes but the worst two was not buying Bitcoin when it was $200 because I just entered the crypto industry with no understanding but still, I feel pathetic now and then selling half a Bitcoin way earlier due to some personal reasons, few of them was essential and necessary but few were not immediately required. So, I do feel bad for these reasons and I consider them as a mistake and a worst one.
I do not think that not buying at the time when bitcoin was at 200 dollars for each coin was a mistake, after all you say that you just entered the industry and you simply did not had the knowledge to be able to hold those coins no matter what, it only seems a mistake in hindsight now that we have seen the price of bitcoin reaching such high prices, in fact many people back then were pessimistic and did not believe that bitcoin could reach 1k, which shows that many things have certainly changed since then. We are always concerned about the risk, and because investing in bitcoin is a high risk, only a few would really take the risk, hence only a few got rewarded for the success of bitcoin. We cannot say "what if I bought in the past?", that's a mistake, you are thinking of the past when there's an opportunity now, just move on, accept the mistake and correct it now, bitcoin may have reached $60k already but it's not the ATH forever.
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blockman
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July 01, 2021, 11:09:21 PM |
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I made a lot of mistakes but the worst two was not buying Bitcoin when it was $200 because I just entered the crypto industry with no understanding but still, I feel pathetic now and then selling half a Bitcoin way earlier due to some personal reasons, few of them was essential and necessary but few were not immediately required. So, I do feel bad for these reasons and I consider them as a mistake and a worst one.
Everyone got the same mistake as you. There are folks that have seen bitcoin cheaper than that and earlier than you. We're all going to think of it forever but we have to move on and make that mistake forgotten already because it's hard to accept how far bitcoin went already. And as we sell bitcoin, as long as you've sold it for something important, don't think of it as a waste and you've sold earlier. As long as you've used the cash properly in things that are important to you, don't regret what you've done. I've done that too and although it's hard to remove in our minds the regret of selling it that's it, we just have to accept every single action we do is for our betterment and learning too.
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Nrcewker
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July 02, 2021, 03:46:11 AM |
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My worst mistake is that I let go of my BTCs for USDT in early December 2020 before Bitcoin took off like crazy. Until now I am still regretting it. Also my second worst-mistake is that I HODL for too long and not taking profits when it goes high, but it applies to some coins and tokens that I’m holding. Even experts and professional are experiencing their worst mistakes too, despite their experiences.
Glad to see so many people accepting their mistakes and sharing with the community. Yes the mistakes are written in our fortune only and hence we learned something from it. As no one has seen the future, thereby it’s obvious that we will make mistakes. I too made the biggest mistake by buying Dogecoin after seeing Doge reached 0.6$ and thought it will reach 1$ soon. But now it has become worst and i am already on huge losses. Now doge’s price around 0.25$. This is my biggest mistake in trading history.
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