How to understand that you are making a mistake?

[magnum cyber]

if you invest for the short term or a certain term then you must be really ready to accept every decision or every consequence you take. for example you invest in coin A and get a profit of 40%-50% then you immediately leave after getting that profit. It is not recommended to be greedy, besides that never increase the number of coins you invest when the price has gone up. this can make you lose everything when suddenly a market correction occurs.

[sukmo]

Yes, I have experienced such a situation where I am optimistic that the coins I hold will make a big profit.
And it turned out that the coin did not develop and as a result I suffered a loss.
That's a valuable lesson for me going forward. That prediction could have missed even though we've been trying to research it seriously.

[seleme]

Better compare the results in both strategy or situation and be sure you are doing it right before getting REKT. If the whole market is going down, there is no need to check any kind of technical indicators because everything shows us to join bear trend.

[Pulsar77]

Yeah, actually I had an example for this one time. Meme coins were really popular some time ago and you remember it I guess. Then, I decided to make an investment into one of these meme coins but didn't invest too much money into it. After some time, its price went up really high and there was a great opportunity to sell my coins at that point. But greed took the control of me all of a sudden and I kept waiting for more profit.    I knew that I was doing wrong but still continued. And some time later, the price started going down sharply that I barely saved a little profit.

[cvasy]

Almost everyone has experienced problems, especially those related to the crypto world, be it trading or otherwise, if you make a mistake in buying some junk coins, it's a sign that the analysis you made is not right, so the purchase is meaningless at all, it requires careful analysis. carefully and from every purchase you make.

It's actually very easy to mark coins to buy during corrections and also during bullruns, because apart from choosing the best in terms of ranking, everyone can also see which coins are being developed by the team to get great attention from all investors, for example HEX, and SOL, so both are also very good to buy although the ratings are still not as good as BNB and ETH

[Fatunad]

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.

We do make out these kind of actions since we do believe on the probabilities or chances on where those shitcoins can possibly give and once it do able to make some pump then it does signifies
that you are making out big money or profits on that and this is what we do believe on and been hoping for thats why we do really push up things even we do know that it is risky or we had already
failed wayback but since those hope havent go away then those perceptions will really be giving out some dedication for you to push through even you do know the risk.

[Viscore]

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.

Almost everyone has experienced problems, especially those related to the crypto world, be it trading or otherwise, if you make a mistake in buying some junk coins, it's a sign that the analysis you made is not right, so the purchase is meaningless at all, it requires careful analysis. carefully and from every purchase you make.

Its like dealing with doge coin. We all know exactly that meme coin are no good for long term since they have no potentials to survive once they experience dips but some investors still take the risk that it might be profitable because Elon has hyped it. Yes, it was once profitable but look at it now, its value is already very low compared to its previous price that was definitely high.

This is more likely showing someone's greed. But we have nothing to do with it because its their money that are at stake. The only thing that we should consider first is we know already that the certain coin is definitely no good for long term holding but still some invested it and come out profitable at first and eventually lose in the end.

[TelolettOm]

Sometimes, we don't realize that we make some mistakes before we lose something. Commonly, we will feel that it is my mistake after losing our money or coins (in this crypto world relation).
And we will think several times about what mistakes we have done, in what strategy, and also decisions we took that lead to the loss.
And after we realized what mistakes, everything has changed and we are late to repair it. And then, the mistakes will only be an experience that will teach us not to do the same mistakes in the future.
Our mistakes may be various:
- Being panic buy or sell
- Following hype without any analysis further
- Beings cammed by fake investment or trading profit services
- Being scammed by certain platforms
- Careless of the private keys and other important data
and many others.

[Luqman]

I ever bought hype coins, they are ASS coin (Australian Safe Shepherd), PIG (Pig Finance), and SHIB (Shiba Inu). Till now, the prices of these coins are continuing to decrease more, I have lost my money there. But I keep holding because I think it is a better option than selling it with a huge loss. In my opinion, it is better to lose all money there than to sell them now. I don't know they can increase again their values or not, but I am optimistic to keep holding.

[7788bitcoin]

I won't make the same mistake over and over again.
if I've made a mistake once, why do I have to do it again ?,
I will leave it, maybe because of the current hype like meme coin and Shitcoin many people invest various coins but get nothing. don't have high expectations with these coins.

There are people who makes the same mistake multiple times. Suppose you are interested to enter the token market place where you can make a huge profit in a short period of time, you usually search for promising projects and if you like the team members and their project and then if you think that they could help in giving you the profit you will be investing in them. Most times your judgement wont be right and you will end up in a loss.

People keep doing that simply because the risk reward ratio is huge.

[Gayong88]

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.

Very interesting, I tried to give an overview of the conditions a few days ago on September 7, 2021 when the market price was rising high, most of them were very euphoric and not calculated, what happened now was waiting for the price to rise again. Let alone the SC that is said to be invested, coins/tokens that have good fundamentals are also affected. In my opinion, always choose coins/tokens even though they are new but have strong resistance during market corrections that can occur at any time.

[matchi2011]

Mistakes made by traders or investors in crypto are common, due to various factors. It could be because it's a beginner, or because they don't make an analysis in advance of both fundamentals and technicals. But because crypto is very volatile, it could also be that the mistake occurs because greed wants to get a lot of profit. So basically if the mistake has happened to us, it should not be repeated.

Greed is the most common mistake, just like how OP said you are thinking that the hypes will continue and it will favor
your investment, but the opposite happened and you still trying to find another coin that you have the same hope but
it's just a repeated scenario to your investment.

You should learn and forget about quick profits, instead, try to work and find good asset that have real usages and
good community support.

[midaslordes]

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.

Indeed that is true, mostly of newbies here are victims of hype and FOMOs of mostly shitcoins that loses their hard-earned funds. Always remember that before you enter and invest to something in cryptocurrencies DYOR and just make sure that invest only what you can afford to lose and not do all-in.

[naikturun]

I've done that and made other mistakes, and learned from that, people are smarter after making mistakes and teaching them a lesson. I sold my coins in the previous bull run and a few months after that my coins doubled, so I will hold my coins for now until then, of course there is a risk behind this, but I believe I will win this time.

[coin-investor]

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 should never do that if you think that you already bought a coin or token that turns out to be a scam or shitcoin you should cut your losses by dumping it right away, shitcoins will eventually die, leaving you with dead coins and losing your investment, you must always update the status of all your coins regardless if it's coming from your investment, bounty or airdrops.

[guydin]

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.

Actually it is one of the strategies to buy shit coins as they are likely to increase by many times if they catch the wave of hype. But first of all you should make sure it is not a scam. Secondly, you should do research if this coin is likely to be successful at this moment or the trend is in another sphere. And the main thing is not to be greedy and if your coin has already increased and changed its trend, just run.

[Banulit]

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.

Well its really hard to share this kind of sentiment especially to newbies who doesn't know the movement of the market and just enter in the crypto-space because of hypes and FOMOs. Instead of doing their own research and understand fundamentals, they just believe on a tweet or post by media influencers.

[gurunanakji777]

I have a friend in my friend circle who keeps buying shitcoin in hope of 1000X its principal amount. He keeps losing money on the shit coins but he still hopes someday some shit coin will make him rich. Personally, I advise him to do not to gamble like this it's better to buy some top coins instead. In the end, I can say he is trying his luck like a gambler.

[Alucard1]

I really relate with this, I always find new coins and buy some of them even though I feel that it will be going to get rugged, I will still take the risk and buy some and end up losing my money. This is a common mistake of mine that I am always doing because of thinking that I could find the gem one, thankfully there is still some coins that I have bought and gain x3-x5.

I have a friend in my friend circle who keeps buying shitcoin in hope of 1000X its principal amount. He keeps losing money on the shit coins but he still hopes someday some shit coin will make him rich. Personally, I advise him to do not to gamble like this it's better to buy some top coins instead. In the end, I can say he is trying his luck like a gambler.

We are the same thinking of your friend, there are still some new coins that is worth investing, maybe your friend always got rugged, try to advise him to do proper research before buying, it will prevent him losing his money.
You may tell him these things:
1. Try to look to the website of the coin and check the roadmap
2. Check also the dev teams identity
3. Check the social media platform and check if those are all active.

[MaiQwaN]

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.

Yes, this is the usual behavior of a person who wants to make quick money. There are a lot of crypto projects and there is no time to study each one properly. It seems that the longer you think, the more profit goes away. However, it is better not to make money than to lose the investment. The market will always provide a new opportunity.