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

[SirLancelot]

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.

Yeah, it's unfortunate that he was under the influence of these fake influencers but I think he's not the only one. At least good that he's out now. I can't imagine how many people are making the same mistake because it's evident from the Elon Musk tweets and the craziness that follows those tweets. Once he makes any tweet, people put their brains aside and start following the move no matter if it even makes sense.

If anything, this shows how many people are reliant on others and these influencers. It's best to make your own decisions and at least don't regret if they go wrong.

[South Park]

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.

If you begin to think about it you will realize that it is not as surprising as it may seem at first sight, we need to remember that many people bought their coins at the end of 2017 when the price of every single coin was very high, and if a few of those coins in which they invested disappeared while the rest went down in value then it makes sense that they needed to wait until bitcoin surpassed by a lot its previous all time high before they could begin to see some profits, now the key is to keep holding those coins and avoid getting out of this market because I think that the bull run is just starting.

[Quidat]

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.

If you begin to think about it you will realize that it is not as surprising as it may seem at first sight, we need to remember that many people bought their coins at the end of 2017 when the price of every single coin was very high, and if a few of those coins in which they invested disappeared while the rest went down in value then it makes sense that they needed to wait until bitcoin surpassed by a lot its previous all time high before they could begin to see some profits, now the key is to keep holding those coins and avoid getting out of this market because I think that the bull run is just starting.

I have lots of coins sitting idle on my Myetherwallet and most of them turns out to be dead already but there are still some coins who do make out some pumps and significant price rise
which i do end up on getting some profits unexpectedly and i could tell to myself that i was lucky that i do able to buy this coin when its still cheap even though it did really
take some couple of years before it did really become valuable. Most of the time it would really be requiring some mix of luck  on crypto investment specially
if we do talk about random pumps.

[Karish2return]

Trading needs much knowledge as it is the way of earning, and earning didn't come without struggling and experience, You have to be expert in trading in order to earn something and get the profit, for which you need concentration and enough money for trading. But the main point is of patience which is a part of best trading as well.

[Hobo66]

To be successful in trading, you must join that platform and should invest in the coin which has a strong foundation and basement. It will definitely give you advantages. You must know about its strategies, rules, about the team and so many other things which are necessary for the success in trading. If you didn't get benefit in  four years, then it's mean that either you don't know about trading or you have selected the coin of worst background

[retreat]

<...>

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.

invest in the initial project the stakes are big, mentally must be really ready to lose. 80% of the projects that I participated in at the early, ended up being scams and made me lose, the majority were Defi projects. much better to invest only in "reputable" cryptocurrencies.

[Mauser]

That's a great success story, I am really happy for you that you managed to turn around your trading results. For me trading was one of the hardest things I got into and I lost countless times money in the past. After so many bad trades I think now it's just part of the game when being a beginner. For me the problem was being too optimistic, I tend to focus stronger on the good possible outcomes instead of the high risk scenario. You maybe also had some luck last year with the general market direction, but that's part of the game. Only when you are invested you can profit of the market. I really like how much you learned in the last few years. That's probably the most important trait of a successful trader, to learn from past mistakes and to not repeat them.

[slaman29]

In my own opinion this is a verg good topic, it will enlighten most people who are lazy to make their own research rather prefer to follow someone else.

Just like the lazy guys who go to get old posts and respond to them?  

[Benefactor]

I accept that following individuals could cause more damage than great to you since you may not have the foggiest idea about the explanation an exchange is made. Learning is difficult however we need to cautious with it. A task might be on a very basic level solid however it should likewise have great measurements and specialized viewpoints to find true success.

[Xampeuu]

Patience is the main key in investing, as long as the object we invest in is correct, then there is no need to worry about waiting for it, even for years, as you do. it should be like that, not an investment that just wants to get a quick profit. Of course, it takes an established psychology to be able to hold it for that long, and it takes high confidence to always be patient waiting, and finally what is expected will come.

[luna6868]

Then it means you are a bit of a failure

[LUCKMCFLY]

It is not bad, if a person has been trading for 4 years and until now he is starting to generate income, it is not bad, because somehow after all that time he has learned to understand the market and has the correct vision of the market, It is important to stay in that line to take advantage, because if the market gives another direction that the trader can understand or see beforehand so that he can take advantage of the movements, I think that is the trick of being a very good market speculator, there are many ways not to make mistakes , the important thing is to find that way and maintain that level.

[Mpamaegbu]

Patience is the main key in investing

As vital as that's, yet it's the item most crypto traders and investors miss the most. They think only plants need time to grow and investments don't. The hurried investors who by their rationale think that crypto investment is a get rich quick scheme always regret not being patient on the long run. So many of the early adopters still bemoan not keeping Bitcoin till date after they prematurely sold their stash off 8-9 years ago. It's the same way some of us here today will regret it tomorrow.

[Pandu Geddon]

Patience is the main key in investing, as long as the object we invest in is correct, then there is no need to worry about waiting for it, even for years, as you do. it should be like that, not an investment that just wants to get a quick profit. Of course, it takes an established psychology to be able to hold it for that long, and it takes high confidence to always be patient waiting, and finally what is expected will come.

Regret always comes at the end of hasty actions. some investors who can focus on planning made for the long term will get good results.
but those who are impatient and panic very easily when they see the value of their assets move will certainly regret their actions in the future.
We have all seen how many people regret their past mistakes. all because of the rush and not being calm in making decisions.

[LastKiss]

Well, I'm never following specific influencers when it comes to crypto since what they do is most likely because they're paid and yeah skip for that. So far I never get rug pull from DeFi Coin but if getting rug pull by old coins around 2 years ago, it's happened to me and not only 1 coin. From there I always do my own research and use money that I can afford to lose so getting easily scammed won't happen to me again.

[sklopan]

Well ... to be honest, 4 years is a pretty long time. Given the peculiarities of this market, quite a lot has changed over such a period of time, and it was possible to make a profit much faster.

[macson]

snip

as long as i invest in crypto i always refuse to follow an invitation to invest in a crypto asset from those who claim to be experts.  Besides that, i have never been interested in investing in DeFi projects because i heard that many people have experienced rug-pull.  Investing in crypto is profitable and safe when only we make the decisions.

[Eureka_07]

Well ... to be honest, 4 years is a pretty long time. Given the peculiarities of this market, quite a lot has changed over such a period of time, and it was possible to make a profit much faster.

That's true, we may be able to gain profit in a much faster way compared before however, in contrast, we can also lose that much money in a short period of time. This is because of the volatility of the coin, and also the legitimacy of a project, in which most of them now are doing rug pulls.

[fullhdpixel]

Well, I'm never following specific influencers when it comes to crypto since what they do is most likely because they're paid and yeah skip for that. So far I never get rug pull from DeFi Coin but if getting rug pull by old coins around 2 years ago, it's happened to me and not only 1 coin. From there I always do my own research and use money that I can afford to lose so getting easily scammed won't happen to me again.

Old coins? But that's not prolly the old coins in my mind e.g btc and eth, but it could be the coins from the late ico's because many of them are a failure or only just a scam and maybe you invest on those coins because you are being encouraged by some influencers because I can see how much you hate them. That's good that you already learned your lessons. I think you are fully aware about the scams in defi.

Many projects are still continuously being rugged by their devs. It's nice that you didn't try touching them. I think if there are influencers that are telling the truth and not being paid, then that would be the influencers that only talk about bitcoins.

[Lanatsa]

Well ... to be honest, 4 years is a pretty long time. Given the peculiarities of this market, quite a lot has changed over such a period of time, and it was possible to make a profit much faster.

You cant turn back the time and for sure long term holders had been thinking that way too on which if they had just able to sell out on ATH's then they might be making some profits as of this moment and had able to

buyback when its still cheap and repeat on the same process but well theres no choice but to hold up no matter what.4 years is long time, how much more to those people who had been holding
for more.?
As long you dont sell then those profits arent real profits or rather its just been floating.