How to understand that you are making a mistake?

[travwill]

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.

[Twinkledoe]

I have ever bought the shitcoin and i got loses and i never try to buy anyother shitcoin again. that's the only once in my life.

My friends were also getting rekt by betting into the shitcoin as well. This type of coin was a random coin. It could be pumped but it will be dumped back again to the bottom.

Just take a look at the chart of safemoon and friends. Those coins were getting rekt after people who pumped it first already go out with lots of profit from the safemoon.

I will never buy that shit again.  

I was only rekt once in ICO and now, I don't want to make mistake by jumping on every hype in the market. Yes, it is true that the possibility to gain good profits is there, but that is, if you got lucky of the coin that you bought. If not, high percentage that you will lose your funds if you follow the bandwagon. I prefer to keep my portfolio with established coins like btc, eth and bnb. I have even have some TRX as well. I already learned my lesson so I don't want to duplicate my mistake.

[Helpme_please]

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 made it on uniswap exchanges, many group disccuss to token that i bought . I am suffer some loss at that moment but i am lucky not long after this i got uniswap airdrop. I dont know its big mistake by buying wrong token or be my lucky due uniswap airdrop that i am never thinking before.  maybe alot traders have same situation with me at that moment , from loss trade become profit trade.

[wheelz1200]

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.

That literally is the definition of greed.  If something is too good to be true or you know will end up in the garbage why even start to buy it?  I mean there are always those times when you miss massive profits but for the most time you end up wasting a lot in losses

[Duzter]

My choice of investment were with some ico tokens. Those happened during my early days into cryptocurrency usage. Myself received as bounties, but I missed the opportunity selling at the wrong time. Unworthy projects that grew good during the bull trend, but I expected more out of it and kept hold of the same. This finally resulted in massive loss of my rewards. Few of my holdings got delisted from exchanges.

[sirminesalot]

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.

Sometimes we made a mistakes consciously but our ego still speculating that we will have a decent profit if we continue it. This is a common problem for cryptocurrency investors, some of them are buying shitcoins not because they don't know those are shitcoins, but just speculation that they will have a quick profit and get out at the right time.

[terciduk123]

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.

Of course, one of them is being tempted by the huge profits of meme tokens, then betting to buy them hoping the price will go up again, but what happens is just the opposite, the price continues to fall.
the second mistake that I made several times was joining project funding (token sale) which in my analysis this project was not good, but some of my friends joined and believed the project was pretty good, I finally joined because my friends joined, then after the tokens are traded on the market, the price goes down.

[Devifajarina]

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 just experienced this incident a few months ago, a short story from friends that there is one coin that has good prospects for next month, but what happens is that the coin has not moved at all in the market until now.

I bought a lot of shiba coins yesterday, many people said that next month this coin has good potential, so I decided to buy it, but what happened was the opposite, this coin did not have good potential in the following month, after that I tried to find other information in various media.

How surprising, people assume only based on their thoughts, not through proper analysis, this coin has potential in the next year not next month, meaning we are wrong in trusting people without analyzing the coin ourselves, this is an important student for us to understand in the future.

[CryptopreneurBrainboss]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it.

I guess everyone has, it's a norm if you spend some time in the altcoins market. Most times why you can't back out now is because you have invested some much time and effort including capital into believing in that project but the market isn't been in your favor. I remember buying a project ones doing the whole Defi hype few months back probably last year but can't remember.

Initially the coin was doing so well then it began dropping. I could sell out but kept trading my already invested capital with the goal of achieve more tokens. I was able to trade and increase my holdings from 5,000 token to around 10k plus tokens. Note this wasn't the dollar value. The dollars value however was steadily declining but I couldn't stop hoping it'll recover and kept trading for more token.

When the defi projects started recovering, I did make back my initial invested capital, all because I now had more tokens than I previously owned and didn't have to wait for the token to go back to its previous high before I could make profit. I guess it'll just me been lucky (prepared), now the token has gone back down.

[lumierre]

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 a situation in June-July. After one successful defi-project I started looking for new ones. But after some failures I should have understood that this sphere was dying, I mean that people didn’t invest in them, as a result, devaluation of native tokens. But I tried several times more, resulting in big losses. Now I understand that it is better not to invest in something that was too popular earlier.

[goaldigger]

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.

You're responsible on your every action and if you think you are doing the things wrong, better to address that as early as possible or else you'll keep on losing money. If you think you are making a mistake, correct it right away and don't do the same mistakes again.

Yes, buying a shit project is a big stress to you even if you have the chance to make money in short term, I'd rather play long for that. Don't get hyped by anyone, this is already proven and tested that after the hype, that project will die slowly.

[gurunanakji777]

My some friends keep buying new launch meme coins regularly and they took a risk by buying such coins but sometimes he makes good money sometimes loss as well but overall they are in loss but they are still enticed to invest in such meme coins because some people show and chat in telegram groups that they earn 50x, 100x like this so I would say they are trapped by such traders who always show they are in huge profit But the wise trader always knows what is good for him and what is not So I would say be smart and do not entice by others earning.

[Pelana vreo]

There are a lot of shitcoins and I thought if I had invested in the beginning then I would have sold them at the price I wanted, I had YANU coins on the Exsmarket exchange and at that time the project looked good because they used the tokens to fuel buying drinks and machines product, on finally the project does not use the token and until now there has been no latest news from the project about the token

[goolesby]

Never lost 60% in just 2 days.
My advice: for beginners, it is better to learn technical and fundamental analysis first.
Never dive right in before learning properly.
Trading is a means of moving money from less intelligent people to smarter people.

[isaac_clarke22]

~

I was passively making a mistake back in 2017 when I bought some tokens of seemingly promising project. I cannot quite recall what coin was it, but I forgot that I was holding that token for almost 2-3 years and I was "almost" too late to get the profits out of that coins because it started to go flat already in the charts after the dumps that happened after the project went out to their exchange which was EtherDelta.

[Malam90]

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.

Few months ago, i bought 1 shitcoin and make 2x profits in 2 days. Getting inspiration from it for short term HYPE, i invested in another two shitcoins and finally faced 2x lossess which means my capital went down below my initial investment. Now, i only trade in a project which has been making good progress, partnerships, active and cooperative group.

[_MrTuyul404]

lol it happens to me often, i always buy shitcoin which even though i know it has a very high risk which can cause rugpull
I have bought Vancat, safemoon, safemars and other shitcoins

[semobo]

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.

Short term investors take such kind of risk very much often and its like do or die decision so either you will make big or completely lose your capital. While smart investors take such kind of investments with multiple coins so if one fail then other one makes up for it and importantly exit at the right time is much needed or else you will get rekt and go bankrupt.

[aemma]

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.

Going down memory lane, I would start from the days of ICO, it was a different case altogether because you can hardly tell which one will be good, there are even some that looked very serious only for the team to list on a bad exchange, price dumped and they left the project. Some don't even bothered to list on any exchange, just delayed listing with the excuse of working on their products and just like that, telegram group was muted or deleted and nothing was heard again. Although IEO corrected the issue to an extent but it was a bit better with IEO.  
Now there are many shit coins flying around using the basis of others which pumped heavily, that is for example, a lot now add the name of successful tokens to theirs in order to attract attention and you will just wonder their aim actually; today you see projects adding CAKE, DOGE, SHIBA, etc to their name. Tried once and it ended badly, so I learnt from it and moved on.

[tvplus006]

I was only rekt once in ICO and now, I don't want to make mistake by jumping on every hype in the market. Yes, it is true that the possibility to gain good profits is there, but that is, if you got lucky of the coin that you bought. If not, high percentage that you will lose your funds if you follow the bandwagon. I prefer to keep my portfolio with established coins like btc, eth and bnb. I have even have some TRX as well. I already learned my lesson so I don't want to duplicate my mistake.

If you buy coins on a private or seed round, then your chances of getting a profit increase many times compared to those who buy on a public sale round. And even when a coin is traded after TGE at a price that is lower than when it is publicly sold, early investors usually make a profit because they bought coins at a lower price. But in any case, it is necessary to carefully choose a project for investment.