I started investing in crypto 4 years ago but recently did I made profits

[bulldesai]

I've been investing in defi without knowing the risks.
I think we all need to know risks investing in defi.

As a beginner I was following all the Influencers blindly & lost all of my savings.

Had 3 rug pulls & lost more then 80% in other defi projects I Invested into.

what i found is, it's very important to check & verify team.
Also see if they have a live product.

And also Find Influencers who are really credible.

Then I started creating a spread sheet to track Credible Influencers & Their calls.

Bought RSR & Made Really Good Multiples on It.

What I've learned at the End is,

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.


I've been my full journey on coreto.io,
where you can clearly see my credbility (Trust Score).

And my reliability.

P.s - It's also a project I'm Investing recently into as it's pretty similar to tradingview with trust & performance score measured in their tokens.

What was your first DEFI Coin?
Did you got rug pulled?

Share Name of Influencer That you feel is shady?

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[Dragonfund]

Only those with free money to dash off follow influential people on making decisions and calls.
You must be a lazy type If you have stay in crypto for 4 years and you couldn't make your own trade or do proper research, you even know what rug pull means, the risk associated with new projects, yet you didn't stop at one but three consecutive mistakes. That's really bad in my opinion.
My experience with DeFi tokens aren't really bad, the loses weren't significant and they were all sold close to all time high.
Risk with management is really helpful, take the advice.

[DarkDays]

This is an interesting topic since not many people want to admit they've started wrong and that was costly to them.

It does not matter when you enter the market but if you enter the market because everyone else is shilling that project then you should expect rug pulls. With most of these DeFi coins it is about people shilling to new people until this becomes a perpetual cycle which is why it is recommended not to follow influencers so closely - remember they are paid to shill.

NEVER be a sheep, be your own shepherd, except of course in the case of BTC

[RokokGudangGaram]

Why would you follow other people if you can do your own research and know the credibility of the project? Those people were getting paid to advertise the project, they didn't do it for free luckily I never participated to DeFi that's been pull rugged and so far I did make good money in DeFi projects although the price of these projects were really volatile and I nearly lose all my money because of it.

[Alanaz]

simple and I will conclude based on your statement. where some steps are not quite right (I'm not saying the wrong steps), remember the steps you did not quite right:
first : hurry and don't think long

I've been investing in defi without knowing the risks.

second: not clarifying information, and only relying on FOMO that comes out of influencers.

As a beginner I was following all the Influencers blindly & lost all of my savings.

you can feel the rest until now, because 4 years I think is enough to enjoy the results more than what you say now. but don't regret what has happened, you are still lucky, there are still many out there who are not familiar with crypto until now, and it's your job to share the knowledge you have and share it with others.

[Gozie51]

There is a day for the hunters, is good to know you have realized certain things and have started correcting the wrongs. Hopefully you will keep to what you have learnt. And one of the things I saw in your post is lack of confidence in your self which made you to follow other people.  I believe that following people might do more harm than good to you because you may not know the reason a trade is made. Learning is not easy but we have to careful with it

[noorman0]

What was your first DEFI Coin?
Did you got rug pulled?

I'm not going to answer these questions, I just noticed that you're promoting Coreto services (as well as elsewhere). Such a service, will not make you believe in yourself in making trading decisions.  It will sometimes annoy you with investment advice and limit your own experience space.

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.

You haven't covered the point on how you should learn. 80% of Influencers on the recent meme/defi trend are only able to create a momentary hype effect. Rugpull can also occur due to influencer interference.

[Furious 7]

What was your first DEFI Coin?
Did you got rug pulled?

Share Name of Influencer That you feel is shady?

I don't remember about the first DeFi coin what I did obviously I was so much into DeFi coin and in the end it became a Rug pull, I have experienced this and I know this is the risk of the current trend so for me this will be a lesson

There are so many shady Influencers including Elon Musk that many say, but we know as Influencers will continue to scare us into making purchases on the wrong coins.

[Oilacris]

Good for you that you do make profits and since this is the main thing on where people do really target out but simply its not obvious that you are just promoting yourself on here.

Answering up these things.

What I've learned at the End is,

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.


1. We dont actually need one but its not bad to look out for their calls and apply it into your analysis.
2. We are all doing out best to be a better trader or investor at all costs.

[dotcoin.info]

It happens quite well. You are not alone in this. There are many people who could not make money even during a bull run, they just had no luck.
Wherever they invested money, although the most obvious decisions were in front of their noses, they simply ignored them in the hope of a more significant jackpot.

[Shenzou]

I think that a lot of people when they start out they follow some influences or so claimed experts blindly, and when they lose they just blame the person or the method rather than reflecting on what they have personally made wrong, sure you can follow some experts but the market is unpredictable and no one really know how things are going to go, and people find it easier to blame others, the point is experts are not going to make you rich because they are not always right no matter how credible they are.

[ChuckBuck]

Wherever they invested money, although the most obvious decisions were in front of their noses, they simply ignored them in the hope of a more significant jackpot.

I call it as human greed  we are all not too familiar with such things, especially when trading in the cryptocurrency market. I myself am someone who has gone through that process many times. My bad trading experience also came from my greed lam. Have you ever made a profit of almost 3 thousand dollars in a small order in one day? Of course it comes from big leverage. I was able to take profits as soon as I got over $2,000 in profit, but out of greed, I didn't. And you know, when things turned around, I almost all, or to be more precise, lost. Everything happened so fast 

[mk4]

You really don't even need to do those things. All you need to do is to hold BTC long term(along with some ETH depending on your opinions). It's good if you're capable, but researching and evaluating sort of "crypto startups" isn't for everyone.

[ChuckBuck]

but researching and evaluating sort of "crypto startups" isn't for everyone.

It's really a bet. Investing in startups has always been more risky than any other type of investment that I know, there's a lot of risk there, as we can't really know exactly, which is a really reputable and safe business. Moreover, even if we already know the businesses are reputable, and it is a real project, investing in it is still a risk as we will put a large amount of money into it for a while without knowing what we'll get in advance, the rate that businesses and startups succeed is very small, and choosing the right one is extremely difficult  It's real bet...

[wahyu wida]

I think that a lot of people when they start out they follow some influences or so claimed experts blindly, and when they lose they just blame the person or the method rather than reflecting on what they have personally made wrong, sure you can follow some experts but the market is unpredictable and no one really know how things are going to go, and people find it easier to blame others, the point is experts are not going to make you rich because they are not always right no matter how credible they are.

What needs to be understood is that no one knows where the market will move. therefore self-confidence is needed to determine attitudes. many vvip channels to join and get signal, but what must be understood is that it is just an analysis, which is not necessarily true

[mk4]

It's really a bet. Investing in startups has always been more risky than any other type of investment that I know, there's a lot of risk there, as we can't really know exactly, which is a really reputable and safe business. Moreover, even if we already know the businesses are reputable, and it is a real project, investing in it is still a risk as we will put a large amount of money into it for a while without knowing what we'll get in advance, the rate that businesses and startups succeed is very small, and choosing the right one is extremely difficult  It's real bet...

Yes, investing in very early projects is like high risk high reward on steroids; even riskier than investing in the sort of "reputable" cryptocurrencies. Hence why investing in early projects(regardless if crypto or not) isn't recommended unless you really know how to do deep research and have deep pockets.

[Obito]

It's good that you have finally profited in crypto, your situation isn't that unique but not too common, you could've prevented some of those mistakes with patience and some prior knowledge before entering crypto.

[Zilon]

What I've learned at the End is,

1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.

This got me and I'm glad you found your way around even after having your own share of losses which is actually normal for most starters. You can't really do much in defi projects as a novice if you don't have a mentor who is experienced enough to guide you.

What was your first DEFI Coin?
Did you got rug pulled?

My first defi coin was Tron although it wasn't massive but I pulled some profit though it was my early days investing in defi projects and I had a mentor who was always putting me through on when to hodl and when to pull out it was pretty much easier for me

[Wexnident]

Well truly a long time, but at least you're progressing. Project investments are always a hit or miss ngl, with most of them being a miss but finding a hit one could always project you with great profits if you invested big on them. I've tried it myself when I entered and never really profited, mostly why I just gave up and decided to invest monthly on BTC and hodl. Trading was never made for me, glad that your persistence made it last this long though. What made me see when I entered crypto was you go big or you go home while losing big. Small profits weren't really enough to defend the idea of trading, and without risking it all in an asset, it isn't really quite enough.

[justdimin]

investing in very early projects is like high risk high reward on steroids; even riskier than investing in the sort of "reputable" cryptocurrencies. Hence why investing in early projects(regardless if crypto or not) isn't recommended unless you really know how to do deep research and have deep pockets.

True and even the best analysts fail at analyzing these new projects because there are many obstacles in the way of success. I will list down some.

1- Lack of interest from the traders and investors, no matter how good a project is, if there is a lack of interest from public, then it won't do well.

2- Lazy and disjointed teams, I have seen some teams where one group wants to actively work while some were just interested in the project till the crowdfunding was being done.

3- Other problems like scaling and use cases. A project may be fundamentally strong but it must also have good metrics and technical aspects to be successful.