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

[Adorald]

It can be seen that the correct approach was probably chosen for his opinion in order to trade, but patience and perseverance sometimes give a good result

[lablab03]

It's pretty easy to explain. Traders trite believe that they can make money in this way. After all, they see that someone was able to make money, and they think that they themselves can do the same.

its because of doubts? I know it's, coz they just relying of the results of other people when it comes such manner. Which they don't have their own way to make their life easier on the space, like when trading and especially making investment.. If they saw people who suffer due to making mistakes they are hopeless as well.. Lmao  lazy people always a loser. As the matter of fact its their choice, so we don't have rights to correct them.. We need to let them realise their mistakes because on that way maybe they all can get a lessons afte all.

[kumala_abi]

for the past four years, the market has been in a sluggish condition, and until now the market has only reacted. I salute your persistence, where but patient to wait for the target for 4 years. the thing we can learn is that investing like this, we have to be patient waiting to make a profit when the bullrun occurs. besides that we are taught to get out of the market before the peak occurs, because otherwise the market will go back down and we will not know how long we will wait

[lixer]

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

I have started investing into crypto 8 years ago, and my first ever "profit" from investment was just a few months ago, it was a huge profit as well so I am happy (spent it all already) but at least I made it. I never saw crypto as something to invest, I saw it as a new method of "money" and that's about it, just like how I do not "trade to earn more dollars" because there are people who do that but not majority of people who use dollars made that by trading, they worked for it.

Same goes for me, I work for my crypto, and that's about it, then I cash that out and spend it on my monthly expenses to survive and live, pay for my food and bills and stuff.

Trading or investing was something I did small time because I didn't believe that I could do that, I always did it on very small scale, from 100-1000 dollar levels, but for the first time ever I started doing it on early 2021 like January or early February, and I made a very good amount until May. And very lucky that I sold mine on 1st of May to go into another thing.

[Golftech]

It's pretty easy to explain. Traders trite believe that they can make money in this way. After all, they see that someone was able to make money, and they think that they themselves can do the same.

its because of doubts? I know it's, coz they just relying of the results of other people when it comes such manner. Which they don't have their own way to make their life easier on the space, like when trading and especially making investment.. If they saw people who suffer due to making mistakes they are hopeless as well.. Lmao  lazy people always a loser. As the matter of fact its their choice, so we don't have rights to correct them.. We need to let them realise their mistakes because on that way maybe they all can get a lessons afte all.

Let them realize but  if there's a way of reminding them better to do so, lots of lazy investors made this same

mistake over and over without realizing the main factors on why they are losing their money. giving them piece

of advise will give them reasons to think about it and try to change something for their benefits.

[LimLims]

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.

Yes that is one side of the trading industry and i too admit it.
But there is also some positive aspects in this particular field.
If you want a steady profit and yes this will be small, then join some paid groups.
I know as a beginner it’s hard to join paid groups , so you can join twitter free signals.
This will not keep you wait for long time and will yield you quick profits.

[zanezane]

It sure took you a long time to make a profit, never expected that, unless you made a pact with yourself that you are going to hodl for a long time that is but it seems that you didn't and it's a series of unfortunate events for you with those rug pulls and shit projects, you could've made a lot of money if you have stick to bitcoin.

[South Park]

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.

That happens to a lot of people and in a way it is just the price you need to pay to invest in those coins, however if the only thing you have gotten are bad results maybe it is time to rethink your strategy, I know that a lot of people do not like the idea of investing in bitcoin because they know they will never obtain the profits they can with other coins, but you could think of your investment in bitcoin as a retirement account and in 20 or 30 years it will be more than enough to retire comfortably.

[TelolettOm]

Really glad to know this.
Investing 4 years ago may be at a bearish time. You should have got big profits. And taking profit when it has at least reached the target price is wise enough. Sometimes, we need to invest in the long term, but how long we are investing will also depend on our condition.
And using the money to invest again in other coins should be smart and wise enough.
You can use not the whole money but maybe only with the profits that you take. Then, using it to invest in the trusted and reputable coins. If it is about Def, ensure you are not following the hype.

[jossiel]

It can be seen that the correct approach was probably chosen for his opinion in order to trade, but patience and perseverance sometimes give a good result

Patience in a way that you know also when to sell.

If you're just patient but without action and knowing when it is exactly good time to sell, your patience won't be used that much.

But if you know how to apply it properly and it's in the nature of yours then you'll really meet those results and profits.

[molsewid]

Really glad to know this.
Investing 4 years ago may be at a bearish time. You should have got big profits. And taking profit when it has at least reached the target price is wise enough. Sometimes, we need to invest in the long term, but how long we are investing will also depend on our condition.
And using the money to invest again in other coins should be smart and wise enough.
You can use not the whole money but maybe only with the profits that you take. Then, using it to invest in the trusted and reputable coins. If it is about Def, ensure you are not following the hype.

I've met many traders and investors of cryptocurrency today which was a 4 year old traders and now they were doing great in their life and continuously educating their selves about cryptocurrency. To be honest reading this thread I get inspired I mean the patient that OP has instill in himself while dealing in this platform for long time ago and only had take a profit recently is amazing. But there's a lesson that I've learned from this thread is that never be one of those people used to invest in a token because of the hype, learn to educated yourself about the project.

[Kong Hey Pakboy]

It can be seen that the correct approach was probably chosen for his opinion in order to trade, but patience and perseverance sometimes give a good result

Patience and perseverance always gives good results. I mean OP should've learned not to easily trust stuff online especially crypto, OP had experienced 3 rug pulls, meaning that OP was a bit on the stubborn, gullible and stupid side because 1 rug pull should be enough to have a lesson learned type of catharsis.

[Cling18]

Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.

[South Park]

Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.

Like always it depends, those that were smart enough to invest during the pandemic did not really had to wait anything to get profits as they did it almost immediately, however those that decided to invest at the end of 2017 or at the top of the market that we experimented during this year probably are going to have to wait for years and that is just to breakeven, however it can be done and if you want to obtain profits then you must hold your coins for the long term otherwise you're going to become just another trader or investor that came to this market with delusions and lost their money in the process.

[Woodie]

The thing about following credible sources for which project to invest in is some projects will get these guys to be advisors which paints a picture of that project being good when in fact not.
These guys when paid a few pieces of silver can mislead the masses and you need to take their advise with caution which is why they always put disclaimers when introducing projects they consider to be good. But still it's a good strategy to catch good coins but not just foolproof.

[Anamika1000]

I think you had made some mistakes like not waiting for the coins and in trading, I would prefer everyone that patience is very necessary. Some people think that trading is a game but in my sense it is business. And a business without patience can never be done. So, it may be due to some of your mistakes. Try again with small capital.

[RokokGudangGaram]

Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.

Like always it depends, those that were smart enough to invest during the pandemic did not really had to wait anything to get profits as they did it almost immediately, however those that decided to invest at the end of 2017 or at the top of the market that we experimented during this year probably are going to have to wait for years and that is just to breakeven, however it can be done and if you want to obtain profits then you must hold your coins for the long term otherwise you're going to become just another trader or investor that came to this market with delusions and lost their money in the process.

I totally agree with you. Every investor has a different experience, and the success would be highly influenced to the external factors like the environment, trends and even the timing when investments will be made. Cryptocurrency is among the riskiest market so every investor or trader must be ready to continuously learn, have patience and thoroughness in making decisions.

[South Park]

Bitcoin is good for long-term hold and you can't get profit out of it instantly. You wouldn't just need capital but you also have to store lots of patience and well-prepared emotions for it. If you would invest with Bitcoin, expect that you'll wait for months or even years before you reach your desired profit. It couldn't make you rich instantly.

Like always it depends, those that were smart enough to invest during the pandemic did not really had to wait anything to get profits as they did it almost immediately, however those that decided to invest at the end of 2017 or at the top of the market that we experimented during this year probably are going to have to wait for years and that is just to breakeven, however it can be done and if you want to obtain profits then you must hold your coins for the long term otherwise you're going to become just another trader or investor that came to this market with delusions and lost their money in the process.

I totally agree with you. Every investor has a different experience, and the success would be highly influenced to the external factors like the environment, trends and even the timing when investments will be made. Cryptocurrency is among the riskiest market so every investor or trader must be ready to continuously learn, have patience and thoroughness in making decisions.

This is why your entry pointy is so critical, if you choose a period of time when the price is already too high then the amount of time you are going to need to wait to invest in bitcoin is simply too long but if you choose a period of time in which the price is low and the confidence in the market is low as well then that is when you can make profits almost immediately as the market eventually reacts and begins to go up once again, but most investors unfortunately are unaware of this simple truth.

[harapan]

The title is really surprising, 4years is quite a long time for you to know that you should do a research before of buying any coin, but it's good that you have recently started getting some profits from your investment, maybe if you stopped following those paid shill influencers earlier you would have started making profits before now, cause those guys don't care about your portfolio or who follows their shitty talks, also have never lost my money to any DeFi rug pull, prolly because I don't really rush to invest in all these new projects coming out everyday.

[Ebede]

I think why do get issues for investment is that we don't research before investing, at least any altcoins investment we have to make a research of the coin first, and also long time investment gives profit only if the coin in question been listed in good exchange, at least investing in a coin that has name will be more of advantages than a coin that is under hypothesis, because some of the projects just give off along the way of investing, so if such happens the capital for the investment has wiped away.