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

[Shasha80]

...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.

Thank you for the advice, I also know that trading new altcoins can indeed generate big profits. Because often new altcoins when they enter
the exchanges will be pumped up until the price soars very high. But the risk is too big for me, because if we sell the altcoins too late, we will be
stuck for a long time. Based on my experience, new altcoins whose prices fall, take a very long time to recover.

[tvplus006]

Thank you for the advice, I also know that trading new altcoins can indeed generate big profits. Because often new altcoins when they enter
the exchanges will be pumped up until the price soars very high. But the risk is too big for me, because if we sell the altcoins too late, we will be
stuck for a long time. Based on my experience, new altcoins whose prices fall, take a very long time to recover.

To prevent this from happening, it is recommended to put a stop loss. This way you will limit the possible loss if the price moves in the opposite direction. It is better to fix the loss immediately than to wait for several years when the price will return to its previous values)

[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.

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.

Reading the experience of others, made me not follow that type of strategy of following influencers blindly. And just like those influencers, we also know if we're doing research for our investments in cryptocurrencies.

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.

They cannot control their emotion if they're selling at losses. Those traders still need to gain experience so they can easily control and manage their emotions if they don't like what's happening with the market.

[Kittygalore]

To every newbie newbies out there that are shilling their sites, this is how you do it, you make a very intriguing title that makes the user wanting to know what's behind the title. Regarding OP's question about shady influencers, my answer to that is that every influencer is shady, I mean it's in their title already which is influencer meaning that they can move markets if they have enough follower so yes I do believe that every influencer is shady.

[Clavulanic]

Those were part of the challenges in crypto, and 4 years I think is enough for us to become more mature specially on experiences that made us more stronger.
Don't take it as discouragement, but rather a tool for us to grow more desirable and motivational building on our well being towards every trading circumstances. We can't expect all great things to remain constant, there are times we also need to consider failures because it made us definite skills and knowledge.
Having satisfaction with our profit, and avoiding greed could help us move forward in trading together with positivity.

[Shasha80]

Thank you for the advice, I also know that trading new altcoins can indeed generate big profits. Because often new altcoins when they enter
the exchanges will be pumped up until the price soars very high. But the risk is too big for me, because if we sell the altcoins too late, we will be
stuck for a long time. Based on my experience, new altcoins whose prices fall, take a very long time to recover.

To prevent this from happening, it is recommended to put a stop loss. This way you will limit the possible loss if the price moves in the opposite direction. It is better to fix the loss immediately than to wait for several years when the price will return to its previous values)

Using the stop-loss feature is very useful to minimize the losses that we will experience, therefore it is highly recommended every time we trade using
the stop-loss feature. I agree it's better for us to suffer losses that are not too big, rather than having to wait a long time for coins to recover.
Even though I've also experienced the benefits of the stop-loss feature, it's still the name of having a loss that makes us upset and stressed.
That's why I prefer trading popular coins, which don't take too long to recover.

[isaac_clarke22]

~

Just stick with it as much as you can. When I choose coins to trade back in the days, I didn't go way below top 10 in CoinMarketCap. Quite limited of my choices, but it is better to be safe than sorry.
I never did try to use stop-loss back in that day, but by just reading around the forum it helped me understand how literally it can help one to manage in bearish times.

[Shasha80]

~

Just stick with it as much as you can. When I choose coins to trade back in the days, I didn't go way below top 10 in CoinMarketCap. Quite limited of my choices, but it is better to be safe than sorry.
I never did try to use stop-loss back in that day, but by just reading around the forum it helped me understand how literally it can help one to manage in bearish times.

Limiting yourself when trading by only choosing the top 10 coins in coinmarketcap is something that must be done. That's the safest way to trade that
I can think of for now, because we know the top 10 coins have a high demand. So it will be very easy for coins that are included in the top 10 to
recover quickly, meaning that our chances of getting profit are also greater, if trading with coins that are included in the top 10. Regarding
the stop-loss feature, it has been discussed a lot in this forum, so you will quickly realize the importance of the stop-loss feature in trading,
if you are diligent in reading and active in this forum.

[Quidat]

~

Just stick with it as much as you can. When I choose coins to trade back in the days, I didn't go way below top 10 in CoinMarketCap. Quite limited of my choices, but it is better to be safe than sorry.
I never did try to use stop-loss back in that day, but by just reading around the forum it helped me understand how literally it can help one to manage in bearish times.

Reading off other experiences in trading or investment would really be helping you out but not necessarily for you to follow but at least you are aware on whats happening around and possible
actions to be made neither it is your own choice or basing with the things that you had able to read up. Investment decisions will vary from person to person
If you do make profits then thats good but if you lost then thats part of the risk.Thing here is that you dont easily give up and finding ways to make
yourself even way more better.

[AliMan]

Those were part of the challenges in crypto, and 4 years I think is enough for us to become more mature specially on experiences that made us more stronger.
Don't take it as discouragement, but rather a tool for us to grow more desirable and motivational building on our well being towards every trading circumstances. We can't expect all great things to remain constant, there are times we also need to consider failures because it made us definite skills and knowledge.
Having satisfaction with our profit, and avoiding greed could help us move forward in trading together with positivity.

It's so easy to say or give a words of encouragement to a person who you didn't personally knew, specially in way that every person here who share thoughts were anonymous.
We can't control greed when there's a burning faith within us that we're going to earn more and yet having positivity didn't go well during crashes happened.
Let's be realistic here now, and don't ever panic when downfall happens, because 4 years of trading I think we will be able to establish strong foundation instead of quitting from crypto.

[South Park]

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.

You are doing the correct thing, many people get too excited with new ideas that on the surface look great but at the end of the day are going to give them losses, the problem with this is that your capital is not infinite so if you invest in those projects then there is going to be a very high chance that you are going to lose your money and then once you learned your lesson it is going to be too late and you are going to be unable to invest in projects that are worth your time.

[Rengga Jati]

-snip-

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, the long term will be the best I can suggest along with 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 quickly to dumping them but I needed to push back and move on for better.

Well yeah, everyone has their own way to take the profits. Learning by experience is the best. You must have met your best strategy to take profits in crypto...It is better to find out and understand what is really good for us than only following others to do the same. Because sometimes, it actually does not really fit us.
                           
I cannot say that trading like this is the most profitable, or daytrade is the most profitable or even holding is the most profitable. because sometimes, each strategy will fit someone but not for others.

[South Park]

...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.

It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.

[tvplus006]

It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.

In this case, it is not necessary to guess with a new coin for investment, because any coin with a small capitalization in the future will give a greater profit than BTC and ETH. To do this, you need to monitor the dominance of BTC and if we see it growing by 1%, then we can expect that the price of altcoins will decrease by 10%. And, accordingly, vice versa...

[breathlessz]

It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.

In this case, it is not necessary to guess with a new coin for investment, because any coin with a small capitalization in the future will give a greater profit than BTC and ETH. To do this, you need to monitor the dominance of BTC and if we see it growing by 1%, then we can expect that the price of altcoins will grow by 10%. And, accordingly, vice versa...

I have not tried such a strategy. indeed when viewed when bitcoin goes down, altcoins experience a sharper decline, but indeed when bitcoin goes up, not all altcoins will follow it. therefore I think we should be able to find altcoins like you mean.

[dezoel]

What you have said is the normal step that everyone should take. People who take decisions without looking into them properly would usually end up regretting the decisions they have made, so it’s very important to always make that you’re doing your research to verify that the information you’re getting is as accurate as possible. And of course you should be sure that the influencer you are following actually knows what they are doing.

If it is possible you should check their portfolio and see if they are really what they are claiming to be or they are just some fake parading themselves as professionals in the field.

[Mahanton]

It is true that altcoins with lower market caps can be way more profitable than bitcoin and ethereum but the risk that you are taking is many times larger as well, if you have the ability to identify those coins before they go up in value and reduce your risk then those coins are great assets to invest in, but for the rest of us that are unable to do anything like this it is best to play it safe and remain invested in bitcoin and ethereum.

In this case, it is not necessary to guess with a new coin for investment, because any coin with a small capitalization in the future will give a greater profit than BTC and ETH. To do this, you need to monitor the dominance of BTC and if we see it growing by 1%, then we can expect that the price of altcoins will grow by 10%. And, accordingly, vice versa...

I have not tried such a strategy. indeed when viewed when bitcoin goes down, altcoins experience a sharper decline, but indeed when bitcoin goes up, not all altcoins will follow it. therefore I think we should be able to find altcoins like you mean.

Everything is random when it comes to those altcoins who do follow bitcoin trend even top altcoins wouldn't guarantee that it would follow on where bitcoin it is heading but rather or neither do stay
or would go to the opposite path which does  signify that everything do really depends on the market demand or by people.If you do make out  profits no matter what kind of strategy you do have
then it would really be always consider to be good because not all would really be  that good when it comes to handling out their investment and do still end up on holding and some do even loss.

[leea-1334]

I already invested in scam projects and already experienced a lot of rugged pulls which makes me sad and thinking of quitting investing any more in a newly created project but it made me realized that what will I am going to do if I will stop trading, I won't be rich if I will still rely on my main source of income, so as of now I am still investing and most of the time scalping thankfully it gives me good income.

Then at least learn your lessons,,, do not stop crypto but sit carefully and ask yourself what you want out of this.

If it is financial freedom and a chance to be part of the new world of crypto, then stick to Bitcoin and stop trading,,, invest what you can and when you can, learn to use Bitcoin and not just trade it.

And get another job:)

[airdata]

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.

Everyone makes this mistake, not only you becouse beginner can't understand that what is correct and what is wrong, their aim is just make money from crypto,  so they Believes easily the other person.

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?

[killerman2]

As you have made many mistakes like investing in the coins without being knowing their strategies and not analyzing the coins at all which is the most important thing in trading and secondly you were in a hurry like not having patience but you know really well that how much patience is important in trading.