How to understand that you are making a mistake?

[RussianEnglishTranslation]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

Most meme coins end up in the dumpster but you keep investing because if you do make it you can 1000x overnight. Perhaps balance your risk by buying $NEAR then selling the staking rewards for meme coins.

[thesosorr]

I once made a mistake, when I knew that it was wrong, then I immediately stopped. But the error that had happened to me was not a big mistake that could be detrimental.
That happened in 2019.

[geegaw]

I once made a mistake, when I knew that it was wrong, then I immediately stopped. But the error that had happened to me was not a big mistake that could be detrimental.
That happened in 2019.

It's embarrassing to face a member like you when the mistake that you solved once and for all, that's what it took me so many times to get over and erase and I don't even know how to stop and create deeper ruin on my account because you also know that our basic fear is to lose money, embrace a little hope from the market and then pass up the only stop-loss opportunities. Once the problem was understood by my brain it was time for bankruptcy and another difficult period began.

[Renampun]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

the stupidest thing I did was stay in defi even though I know I will keep losing...

I knew at that time I had made a mistake but just persisted. if only I immediately took a short-term profit then I did not lose. Currently I only focus on staking on pancakes and biswap and am no longer interested in other platforms.

[Gayong88]

Investing has its own uniqueness, sometimes many join in buying it without analyzing it first. we also see almost everyday coins/tokens are born with a very large supply. I myself prefer one that has been accredited with both fundamentals and excellent features.

[rutherford]

When trading is losing, I fail to think that I can't possibly lose all the money as long as I haven't closed a losing position.  I also assume that the price movement will return to normal quickly.  The experience motivated me how to find some very high probability opportunities and how to make the most of them and I developed this ability over a long period of time through various experiences.

[huu78]

Ironic, but it's a very common occurrence. Instead of wanting big profits there, it becomes the opposite. I think this is very normal because we humans are based on excessive desires, greedy to be more precise. This is very annoying, knowing the risk it will be over 70% but doing it anyway. Could this be mental damage? hahaha

[lumeire]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

I had a very similar incidence in the past where I used to trade on the daily Market and was generating good returns while having no knowledge about the charts and market sentiments, but one day my 0.5 btc investment turned to zero just because the coin that I choose was just a pump and dump scheme and the dev dumped all his coins the same day. After that I always invested in the coins having good background and having decent market cap. These days bitcoin and other crypto are rising in value and the same thing is also happening with my portfolio that I have made in these years.

[2tang]

My mistake, and it keep happening maybe until now is don't really know when to sell tokens/coins that i get from airdrop or bought. Sometimes, some of friend who holding it said "hold till dust" and mostly the tokens really be dust because we know some project in past is already be dead project. But not all, sometimes they are success and still survived in market until now.

It's almost like a gamble because no one knows what the future of a project will be, so it's better to sell it early than to hold it to dust, and if any of the coins you hold on to it starts to go up in price but you're done with it already selling it, I don't think it will be a big problem because some of the coins you sell can turn into dust and you've already made a profit from it.

[sherenikaw]

I've experienced that and it makes me feel disappointed. It's not an easy thing to invest in coins that we believe in because if you can't choose a good coin then it will be detrimental. At that time I was too hasty in investing in the altcoins I believed in and I expected the price to be high. I keep holding it and believe that the price will go up, some of the increases I even passed and still believe that the price can go higher than that. But not everything went well, and I felt like a failure in investing in altcoins. From that I learned that don't be in a hurry to want big profits if we ourselves can't handle and choose the good coins to invest.

[aioc]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

The temptation to make a profit is very strong, that you cannot turn around and ignore these coins to me and for so many of us, there are so many meme coins that are hard to ignore because it's pumping hard and you don't want to miss because of FOMO, you want to be part of the train because you are tired of waiting for coins with good potential to pump up, so we take the risk hoping that you can get out in time.

[Vaculin]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

The temptation to make a profit is very strong, that you cannot turn around and ignore these coins to me and for so many of us, there are so many meme coins that are hard to ignore because it's pumping hard and you don't want to miss because of FOMO, you want to be part of the train because you are tired of waiting for coins with good potential to pump up, so we take the risk hoping that you can get out in time.

The truth is that we come in here imperfect, we usually think that by choosing cheap coins will we're able to double or triple our money someday but never in mind that these coins will bring opposite results. Realizations come too late to think that we're wrong, we usually lost our money first before we open our minds and notice that was a big mistake. 
Maybe sometimes we got bored of waiting but to know what, shitcoins are hopeless, we never think that it gives us a profit no matter how long we wait.

[Darktongue]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

Recently I got through a different situation. Some ERC-20 tokens were unlisted from the top exchange because of their volume. Although those altcoins were being traded on Binance and Kucoin. We should believe any exchange support altcoins. Projects types are the main factor. Now I really don't know what to do with those altcoins because the withdraw cost is so high even though sometimes I think I make the same mistake.

[VanDeinsberg12]

It's almost everyone that have experienced this. I once invested in shit coin hoping for short term gain only for me to lose a larger part of my money.

Dude, investing in the shitcoin similar like betting into the coin that doesn't have fundamental value. that being said that if you were expecting a short term profit from the shitcoin but when you are joining in the wrong time and then you will be getting a big lose from there.
These days people are always trying to catch shitcoin before it was mooning but this is a high risk decision by them

[GatotKaca]

It's almost everyone that have experienced this. I once invested in shit coin hoping for short term gain only for me to lose a larger part of my money.

Dude, investing in the shitcoin similar like betting into the coin that doesn't have fundamental value. that being said that if you were expecting a short term profit from the shitcoin but when you are joining in the wrong time and then you will be getting a big lose from there.
These days people are always trying to catch shitcoin before it was mooning but this is a high risk decision by them

that's right. people who see the good momentum of shitcoin who can benefit from short trades of shitcoin. for those who just follow the trend, I'm sure getting caught in a bad situation will be very easy.
if you don't have enough skills, I don't think you should risk your money for something that is a big risk.

[Henrobakkara]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

For those that will invest in an obvious shitcoin and still know that it will collapse in the new future and still refuse to dump when they have made some profits from it, then that is their problem. I believe some investors can go that route to invest in shitcoin because they believe that they can make profits from it in a short time which probably they do but hodling it for the long term is senseless.

[Dread Pirate Roberts]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

in the past I used to always imagine buying "penny value coins" and imagine this coin will had 10000x in the future and most of coin i choice ending up being delisted because no one was buying anymore. eventually the assets are completely lost. and this has been a lesson. I never ever bought any more altcoins other than the top 10 on cmc since then.

[irsada]

Almost users of the defi project must have felt this way, but yes, that's how shitcoin is when I hold it, the price continues to decrease but when I sell it the price increases many times. this is indeed strange it seems luck is getting away from me and as if telling me to stop playing shitcoin.

[aylabadia05]

Never experienced it. Because I do not directly, but try to observe how the market activity. Because if I buy it right away and I don't know much about it, I'm sure I'll suffer a loss. I hope I continue to do things like that.

It's better to know before doing anything especially in terms of buying because playing in the market there must always be good and mature knowledge because there are many risks that must be understood before acting.

Right. Because the problem of risk will always exist. When we already know the mistakes we made, then we can control the opportunity to get the risk. Especially when it comes to trading.

[Ararbermas]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

i had such experience when mostly new projects always explode in the market at first start up. And my biggest mistake is that I'll keep holding and assuming it will last and i can make massive profits from it, but the results always end up losing money. And it happened to me twice .. So i prefer shorterm always after that wherein 2-3 project for a month or less depends the situation of every token. Until now for me its still the best way to avoid losses