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

[Yamifoud]

What I've learned at the End is,

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

Having a mentor that could seriously tell and guide us on what we have to do is very important on the stage that we are still learning. Learning from them is a huge investment on our part as we are also spending time with them and maybe some of us had to pay for their services. But then, it can't be all the time we rely on them. I mean we have to stand by our own feet to make our trading journey so realistic as we are personally making a decision, not the others.
Becoming an expert is a huge achievement that we might get but honestly, we could only just reach that if we are also able to reach it, and that means we have to work it hard and never stop from learning and gathering ideas.

[1714886718]

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[1714886718]

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[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.

2017 hype on ICO we're too high before, if you were able to buy early in 2017 and sell before 2018 there can be a profit. But if you wait 4 years and didn't do anything with some top altcoins there there is a big profit with the difference of the price now. But if from some projects that are not able to recover from 2018 then it's a loss. It will depend on what project we invested in if it's not BTC.

Many ICO projects from 2017 can not rise in the next year or this year because the team is getting tired of seeing their token can not compete with the other. But if you can invest in the right project or the project has a big opportunity to become bigger in the future, you will make a big profit in the next. That is proved by this year where we see many altcoins can rise higher following bitcoin price. It will happen like this in the future, so we need to search for the right project to invest in our money.

[South Park]

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.

We must remember that influencers by their profession have to be polemic and they have to have extreme views, so it worries me the OP is still following influencers that he deems can be trusted, as you say how can you know that a influencer can be trusted when you do not have the knowledge to trade the markets by yourself and you do not know if you are receiving good advice or not? You cannot do that and by the time you develop your own skills in order to know this then you do not need those influencers on the first place.

[imstillthebest]

sorry but it looks like you advertise your self or the website that you mention because you said follow credible experts and we assume that your already an expert because of that 4 year experience in your story . one thing that makes me question this is why will we rely on influencers or the experts  .
we have enough of elon musk  , dont add more . lets not let them dictate us and manipulate this entire market

[tvplus006]

The resulting profit, which OP writes about, in my opinion is explained by the bull market, which may have already ended. There is nothing easier than to get a profit on the bull market, for this you need to buy a coin today and sell it the next day. And it's quite another thing to get a profit in such a market as now, when many have already lost part of their deposit.

[RealMalatesta]

The first rug pull I had was fullsail finance, they were looking great and I invested 100 bucks into it, the promises of great features made me invest into it and thought they would actually end up doing them. However what really hurt was the fact that I turned that 100 bucks which I got in very very early, into 400+ dollars, so I had a chance to sell all my tokens and make 4x profit in less than a day because of how much hype it got. What happened? They rug pulled and now all of that worths just a few cents even if I could sell it, and I lost a good chunk there.

However if we consider Cake as DeFi as well, I have made my biggest profit there, I have really gotten into it at the greatest time, when it was around 2 dollars and that is the way I made my most profit. I also invested into algo stable coin SBDO as well, made a 8x profit from that, and then lost it all and got out at break even, didn't lose any money but didn't made any profits neither.

[South Park]

The resulting profit, which OP writes about, in my opinion is explained by the bull market, which may have already ended. There is nothing easier than to get a profit on the bull market, for this you need to buy a coin today and sell it the next day. And it's quite another thing to get a profit in such a market as now, when many have already lost part of their deposit.

An interesting observation and I agree with it, many traders confuse their own skill with the movements of the markets themselves, everyone looks like a genius when the market can make 3 or 4 ATHs in a single week, that is the easiest thing in the world, but been able to pull profits when the market is going down and when the market is not moving much requires more talent and this is where most traders fail and they lose all the profits they accumulated during the bull market and in many cases they lose more than that.

[jossiel]

Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.

You're brave to get up and stand on your own. The lesson that you're sharing to everyone is important and if there's someone that won't listen to you and is standing on the same situation, he has to learn from you.

[goldade]

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?

Until one finds a credible influencer who only promotes viable projects, one would lose a lot of money trying to find out the best projects possible. 
The only other thing and it is the best thing actually is to be the expert. However, thise doesn't come on  a platter of gold. One would need to be determined to make the necessary time out to educate oneself on all there is to becoming an expert in recognising viable defi projects.
That way, you'd make the calls yourself and not wait for some influences.

[Shasha80]

Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.

You're brave to get up and stand on your own. The lesson that you're sharing to everyone is important and if there's someone that won't listen to you and is standing on the same situation, he has to learn from you.

I admit a lot of people lose money by following influencers blindly, and I'm lucky not to do that. Because when we decide to trade or invest, don't depend
on other people, because other people's predictions are not necessarily accurate. We must be able to do our own research and analysis, because indeed
we have to rely on our own abilities and knowledge to succeed in the crypto world. Then make the experience of others as a lesson for us, so as not
to make the same mistakes. Regarding DeFi investment, I don't do the same as you, because for me the DeFi project is very risky for investment.
I prefer investing in popular coins, such as Bitcoin and Ethereum, which are proven to be safe and can generate large profits.

[Mpamaegbu]

Share Name of Influencer That you feel is shady?

You will also be doing the influencer(s) you've picked as credible some good and aiding this community if you shared their names or channels too. Good things need appreciation so as to suppress evil. It's a way of shaming and avoiding the scammers amongst the influencers. For me, I like to listen to Bithoy Crypto on YouTube. I try as much as I can to hodl firm to any token I have that he promotes. His calls have been tremendous.

[Bitcoin Seller]

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

I have a similar story. Mostly I fall back on different crypto bloggers as I consider them to be more experienced in this than me. But I think that it comes with time that you start understanding which project is worth attention and which one is not. The first my defi coin was Titan. I invested in Iron finance, but fortunately I managed to sell off before this big crash, so I earned there instead of losing.

[tvplus006]

...I prefer investing in popular coins, such as Bitcoin and Ethereum, which are proven to be safe and can generate large profits.

I do not encourage you to change coins for investing, because many also adhere to this strategy. But it has long been noticed that the greatest profit is brought by new altcoins, which after pumping grow in price by hundreds and thousands of percent. Thus, you can subsequently transfer all the profit received from trading altcoins to BTC.

[isaac_clarke22]

~

Not really a fan of paying someone to mentor me, unless there is a fellow friend of mine that is willing to.
Pretty much all the resources out there are already free and it is just one search away most of the time. When I day traded,  I just watched Youtube to learn the ropes and every basic indicators in Binance.

[Rengga Jati]

I do not encourage you to change coins for investing, because many also adhere to this strategy. But it has long been noticed that the greatest profit is brought by new altcoins, which after pumping grow in price by hundreds and thousands of percent. Thus, you can subsequently transfer all the profit received from trading altcoins to BTC.

This is indeed very profitable. Especially now there are many types of tokens this type in Pancakeswap and the price soars high when newly listed in other exchanges.
However, Altcoins this type is also very risky if we don't know which coins will really pump, or we are at the wrong moment when buying and selling them. For professional traders or those who have experienced or at least have experience in coins like this, it's not wrong, the benefits really multiply.
However, for Newbies who only follow it or do not really understand, then this will be very risky, especially they might not know when the right time to buy and take profits, or even Malaha choose Shitcoins.

[Ryker1]

~

Not really a fan of paying someone to mentor me, unless there is a fellow friend of mine that is willing to.
Pretty much all the resources out there are already free and it is just one search away most of the time. When I day traded,  I just watched Youtube to learn the ropes and every basic indicators in Binance.

Well, that is the same with me --all my resources in searching strategies and techniques towards trading are on Youtube video which is very accurate and easy to understand. Until such day I realized that investing in altcoins is very risky and sometimes it will become shitcoins and furthermore, altcoins was followed to the bitcoin price movement. So it is a better shot if you spare a large allocation as your investment in bitcoin because it will surely give a better profit when it is pumped up. For now, divert all my altcoin to bitcoin.

[Boov]

I do not encourage you to change coins for investing, because many also adhere to this strategy. But it has long been noticed that the greatest profit is brought by new altcoins, which after pumping grow in price by hundreds and thousands of percent. Thus, you can subsequently transfer all the profit received from trading altcoins to BTC.

This is indeed very profitable. Especially now there are many types of tokens this type in Pancakeswap and the price soars high when newly listed in other exchanges.
However, Altcoins this type is also very risky if we don't know which coins will really pump, or we are at the wrong moment when buying and selling them. For professional traders or those who have experienced or at least have experience in coins like this, it's not wrong, the benefits really multiply.
However, for Newbies who only follow it or do not really understand, then this will be very risky, especially they might not know when the right time to buy and take profits, or even Malaha choose Shitcoins.

Certainly, I myself undergone being a newbie but everything in trading went unfortunate for me because of less knowledge and skills. Within 4 years of existence in crypto, long term will be the best I can suggest along the ways of this trading career; and you'll always safe on that matter. Shitcoin indeed, did a regretful situation for me when I failed to decide quick of dumping them but I needed to push back and move on for better.

[Karish2return]

This is trading and in tradin there will be some loss as well as profit too, the main thing is that how can you deal it even when you got profit and when you will in loss. You have to analyze the cloin first by yourself and then listen to others, which in fact can give you much benefit.

[CryptopreneurBrainboss]

Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.

That's the problem, traders don't invest they trade. Any trader that knows what he's doing should have gone out of the market when the signals started showing of a downward movement for defis but many didn't. They got caught up with the whole hype surrounding Defi and didn't want to miss out which turned them into investors. Funny thing is they couldn't hold for the market to recover so they sold in losses inorder to prevent further losses instead of just holding. Those who held later got rewarded but those would couldn't lost heavily.

As a traders what you're after is the profit not minding what the project is working on which is why traders could easily profit form any trend before it crashes but this is a risky way of trading which if you don't have the experience you shouldn't involved yourself. Stick to trading project with fundamentals until you're sure you can do well in the new trends that can be very volatile. Many traders profit from the Defi hypes, especially if you use the strategy of trading newly listed Defi related projects on well known exchanges like Binance or buying before the news git announced.

[Yatsan]

At first, before doing any engagement specially if you were just new into the subject you are pertaining with and you do not have prior knowledge to start with, you must concentrate first on doing background research before taking risky actions just to test out what will happen if you do such thing. Maybe on luck you can gain something but that does not happen most of the time. The main intervention to avoid losses and anticipate things to be done is to be knowledgeable first before doing any actions so that you can be able to think what are you supposed to do to handle things out and not just moving by guts.