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

[Questat]

You have done and experiencing the worse scenarios in your life in crypto and I believe that you had learned it already. Now, maybe it was time for you to start over again and be sure that everything is in a good position.
All you need to do now is to carefully choose those projects that are worth enough, not just because of someone suggested but it was you who do the search.

Check its market volume, where it was listed, and sometimes we do some chart analysis to know if we are in the best position to buy.

[Fredomago]

You have done and experiencing the worse scenarios in your life in crypto and I believe that you had learned it already. Now, maybe it was time for you to start over again and be sure that everything is in a good position.
All you need to do now is to carefully choose those projects that are worth enough, not just because of someone suggested but it was you who do the search.

Check its market volume, where it was listed, and sometimes we do some chart analysis to know if we are in the best position to buy.

Admitting and willingness to move forward is how a traders should keep in mind, it's not easy to just blindly follow anyone advise and hope that it will bring you something, which is most of the time the outcome is not on your favor.

Understanding and finding the right ways to have a successful journey start inside you, when you already realize that you needed to adjust and change the way you doing wrong, that's the start of doing the right thing. Learn and never to stop learning.

End of the day, success once you achieve it you'll be thankful that you experienced the worse and overcome that failure then convert it to positive successful outcome.

[fullhdpixel]

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.

No matter how much knowledge you gather before entering crypto trading, you will only learn once you make mistakes. We all need to face tough times when the market is bearish and panic is something that cannot be practiced, to be honest. All the social media influencers and pundits are just paid promoters who take money from projects and then promote them just like how John McAfee did.

I believe the best way to master crypto trading is by making mistakes, improving yourself and repeat the process unless all the mistakes are corrected. Even then, because of how volatile the market is, you will face loss but at least you will end up doing more profitable trades than losses.

[South Park]

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.

Step 2 is a must and anyone that is serious about making money should choose that route from the very beginning, step 1 was unnecessary and it is what cost you to lose so much money on the first pace, do not waste your time with the predictions of those experts and influencers, even if there are a 10% of those people that are honest, and I do not believe that for a second, by the time you find one you will lose almost all of your capital which is the same thing that happened to you.

[bandungan]

Don't be influenced by influencers or anyone. i prefer to research myself and try to do analysis based on belief than having to bet money but fail. because investment is not an exact science that can be successful in a short time, but investment requires a lot of good calculations

[Anamika1000]

First, you should listen to yourself and then other people because you should learn from yourself more and get the profit otherwise they have paid project and paid groups. So, read about the coins first and analyzed them if you want to get profit.

[Karish2return]

Yes, you can but for this you have to read about the coins more and  more if you have enough knowledge about the coins and you knows really well that at which time this coin is going to up and this coin going to down. It will give you a lot of profit.

[CryptopreneurBrainboss]

What I've learned at the End is,
1) Find & Follow Credible Experts.
2) Learn as much as you can & become and expert.

I was enjoy all you had to say until you gave that advice, I won't blame you though since you did what you're saying and it works for you so now you'll be thinking it'll work for others too but that's not the case, these influencers are all the same. They'll always choose their pocket over your interest. They might start off as been honest but when the offers starts coming in, they'll take them and start shilling worthless scams that'll most likely steal all your money.

That I merited you doesn't mean I agree to what you're saying, experts aren't the best way to go about investing. What do they have that you don't? You might say the experience. Well that's correct but do you think they got that experience by blindly following others, I doubt. They did it with their own experience of trying untill they perfected whatever they're teaching now. You should do that too, there's something that following an expert dies to you that can make you doubt yourself.

Don't forget if their speculation were to be wrong, you didn't gain anything from the mistakes since the trades we're your own reasoning. You had no idea how the trades came about which shouldn't be how you go about investing in the industry. You should be ables to profit from your gains and losses and that can only happen when you do your own due diligence and not relying on others.

[tvplus006]

...What I've learned at the End is,
1) Find & Follow Credible Experts.
...

The fact that you need to listen to the opinion of influential people is certainly correct. But at the same time, it is not necessary, without proper analysis, to follow their recommendations. You should have your own opinion on what is happening in the market and your own plan for if the market is directed in the opposite direction to your expectations.

[electronicash]

...What I've learned at the End is,
1) Find & Follow Credible Experts.
...

The fact that you need to listen to the opinion of influential people is certainly correct. But at the same time, it is not necessary, without proper analysis, to follow their recommendations. You should have your own opinion on what is happening in the market and your own plan for if the market is directed in the opposite direction to your expectations.

sometimes the expectation is reached, sometimes not. i followed a reputable investor too and turnout to be a good investment for me. i regret investing in the end because i didn't buy a lot of it. i'm sure defi projects are pretty good when behind it are reputable people as well.  

i'm however not fond of staking so i sold it during its ATH. if i didn't sold it i probably regret as well because right now the price dips. i couldn't say i'd buyback but SOVRYN had dip hard. it was a good project actually. still the price is better than its presale price.

[Ararbermas]

What I've learned at the End is,

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

correct whatever it is as long as it's related to crypto business, never trust that there's no scam projects such on defi. Because scammer always find way to caught some victims.. So it's always good to make research first especially when it comes the team behind because that's the most important thing to choose a project and to avoid scamming.. Never ever rely on what you see around the internet because mostly people nowadays is promoting a bunch of scam projects. So be aware always.

[pawanjain]

It's good that you are seeing profits in your portfolio but how are you sure that the influencers you are following are credible ?
You said that you lost money when you started following influencers blindly but you are still continuing to do that.
Don't you think it would have been even better if you could have some how found a way to learn how to trade/invest from those credible influencers instead.
This way you wouldn't had to follow those credible influencers but instead follow their steps and additionally add your smartness into it to gain more profits.

[Maslate]

What I've learned at the End is,

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

correct whatever it is as long as it's related to crypto business, never trust that there's no scam projects such on defi. Because scammer always find way to caught some victims.. So it's always good to make research first especially when it comes the team behind because that's the most important thing to choose a project and to avoid scamming.. Never ever rely on what you see around the internet because mostly people nowadays is promoting a bunch of scam projects. So be aware always.

Promoting scam or fake projects make the market becoming more risky. That rampant market promotions make also for the investors to give no trust for the new projects but instead keeping old coins. As we can see this time, most of the new projects never succeed, most of them just fail because of the lack of interest that investors have due to some negative expectations and doubts that these coins will be a scam or it will die.

[ipanks]

We can have a different method to find a way in investing but you need to be careful if you want to follow Credible Experts as you say because we do not know much about them. I prefer to learn as much as I can and collect as much info from many sources to determine where the market will go. You do not need just to follow and accept the suggestion from the experts because they can not always be correct in the analysis. If you can get more info about the market situation and condition from many sources, it will help you decide.

[palle11]

Check its market volume, where it was listed, and sometimes we do some chart analysis to know if we are in the best position to buy.

Is good to look at market volume and others but we need to know that as far we talking about trading, it is win or lose and it loses we can't know when it will come or neither do we have control over it. This means some projects are merely pump and dump which is a reason we should take a risk we can bear when it fails. That is a more experienced advise we get from professional traders.

[DoublerHunter]

Check its market volume, where it was listed, and sometimes we do some chart analysis to know if we are in the best position to buy.

Is good to look at market volume and others but we need to know that as far we talking about trading, it is win or lose and it loses we can't know when it will come or neither do we have control over it. This means some projects are merely pump and dump which is a reason we should take a risk we can bear when it fails. That is a more experienced advise we get from professional traders.

^ This commonly happens if you invested in a project that has a low volume in the market cap. It is very easy to manipulate the price that could be the result of pump and dump. This is a very risky investment since you don't know how long it will crash or it will pump but when you hit the jackpot and during that time the token you invested will suddenly be lost. If you intend to hold crypto for a long period of time, always choose those proven and tested and also have a high market volume coin, it sure you will never regret it if you invested BTC or even ETH.

[DibiaVxosis]

4 years is really a long time frame for a person to start making profit from crypto, never a day have i ever followed an influencer option, well I only watch YouTube videos to build up my technical knowledge, which is I watch videos concerning technical analysis which makes me point out a good entry for a particular coin before it pumps. Well everybody with their own strategy I never participated in defi tho, been a trader and an investor, buy low and hodl for a long time frame.

[ReiMomo]

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

Mostly, all beginners tend to blindly invest in where either their friends invested in or where he is suggested of. Here they get stuck as the coin they invested in, may not be moving in the right right direction they expected. I know few friends, newly came in and invested into Wazrix when it was on its height. Yes they are at lose as of now. But i have suggested them to wait until market booms again.

Its good that you have learnt a lot to gain profits now. Your patience might have yielded the profit.

[Cherylstar86]

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

Mostly, all beginners tend to blindly invest in where either their friends invested in or where he is suggested of. Here they get stuck as the coin they invested in, may not be moving in the right right direction they expected. I know few friends, newly came in and invested into Wazrix when it was on its height. Yes they are at lose as of now. But i have suggested them to wait until market booms again.

Its good that you have learnt a lot to gain profits now. Your patience might have yielded the profit.

This commonly happens. Newbies needs to follow those people who are already immune to the things they need to do and follow their advices for them to learn. Some of the Newbies follow their friends on where they invest for them to gain. I guess having that experiences really help you to gain knowledge and learn something about these. It is not just following those influencers to gain profit, it is all about having your own strategies and techniques to avoid losing huge amount of money and having patience also research skills to know everything you encounter.

[michellee]

Knowing the risk of investing will be important before you start investing because you will know how to prevent the risk from becoming bigger. We do not know where the market will go but if we know how to manage the risk, it will help us to know what we need to do. That is why you need to learn more about crypto before you invest in any project, including in the DeFi project, because out there, many DeFi projects attract you to invest with them but do not know how good their project is in the future.