Basics things to note before venturing into crypto

[isaac_clarke22]

~

Mentor? Not at all times, OP. There are self-taught traders as well and I would count myself as one, but that experience was from long time ago. I only watch Youtube videos for it and it is quite enough for me to learn the ropes. It might be hard than having network, but some just are not lucky having connections to other people.
On the side note, I also learned programming through crash courses in Youtube and I was able to build a website for myself.

[ReiMomo]

1) you don't always make profits, they're huge losses too, I've lost $300 twice in different occasions, so it's not always Rossy, there are hard time too.

2) Trading Cryptos need PATIENCE, I once lost over $10000 just because of lack of patience, the coin wasn't moving well so I sold it, 5days later, the coin did exceptionally well that I would have made 5Million if I had left it for a bit longer, so Patience is very necessary.

3) You need a mentor, mentors helps to analyze the market and tell you what coin to buy, when to buy it, what coin would pump in the nearest future and the coin that'll delay in pumping.....
As a newbie, if you decide to do all this on your own, you may be running at a lose.

4) You need to be obedient and humble, it's one thing to have a mentor and another thing to take heed to their Instructions and advice.
Most times we just want to act differently from what the ask you to do thereby running into unnecessary loses.

Finally you have learnt much after loosing $10k. Really feel sorry for your huge lose. I have been in the same situation when I sold off the coins when it was low and after few days the same coin had a massive spike. Just a second of our action has lead to loose huge. Then yes I too learnt and till now, have not done the same mistake. Patience is the key to success here. It applies everywhere right.

And I would say, learn by yourself instead of keeping a mentor. Obviously you can get advice from experts but let this not become a permanent support.

[Patigi]

I'm sorry for your loss. I'm also new to cryptocurrency, and I know it's not an easy task. You have to be dedicated, patient, and learn from people who know more than you. When it comes to cryptocurrency, you should have patience, learn how to do fundamental research, and only invest what you can afford to lose.

[Rruchi man]

1) you don't always make profits, they're huge losses too, I've lost $300 twice in different occasions, so it's not always Rossy, there are hard time too.

2) Trading Cryptos need PATIENCE, I once lost over $10000 just because of lack of patience, the coin wasn't moving well so I sold it, 5days later, the coin did exceptionally well that I would have made 5Million if I had left it for a bit longer, so Patience is very necessary.

3) You need a mentor, mentors helps to analyze the market and tell you what coin to buy, when to buy it, what coin would pump in the nearest future and the coin that'll delay in pumping.....
As a newbie, if you decide to do all this on your own, you may be running at a lose.

4) You need to be obedient and humble, it's one thing to have a mentor and another thing to take heed to their Instructions and advice.
Most times we just want to act differently from what the ask you to do thereby running into unnecessary loses.

To this list, you should have added that before venturing into crypto, one Should as well see it as a path that to remain profitable in, he/she must be able to subject themselves to constant research and information.

The mentors that OP has said you should depend on (which i don't completely agree with) are just people who have subjected themselves over the years to learning and experience. You can grow as well, as you learn from them and their experiences, also do your own research and learning so as not to remain at the under level forever.

[KingsDen]

Your topic is not in agreement with the contents of your post. Maybe you have some tips for trading. Not everyone that is into cryptocurrencies is into trading.

2) Trading Cryptos need PATIENCE, I once lost over $10000 just because of lack of patience, the coin wasn't moving well so I sold it, 5days later, the coin did exceptionally well that I would have made 5Million if I had left it for a bit longer, so Patience is very necessary.

Also, this is not a loss. This should be a missed profit or whatever name you should call it that fits. If the above scenario is considered a loss, it therefore means that my Uncle that bought some bitcoins in 2011. Sold them for nothing and staked/invested others in some scam sites lost over 2million dollars.

[chuckweitzman]

Nice pointers

The market isn’t our friend, and everyone loses at some point. People who blame the market dig without understanding how it works. It sounds too stressful but you should never try things without complete knowledge. As they say, “a little knowledge is a dangerous thing.”

[illiki23]

The headline is wrong.
Those advice you give only works for people who trade cryptocurrencies. And most people do that without any prior knowledge or experience. That's why people lose money. People also lose money because they gamble with unknown coins and unlisted tokens expecting higher returns. But many times those returns only turn into bigger losses.

Owning crypto and trading (especially day trading) isn't the same thing. Don't invest in crappy projects, stick with Bitcoin and maybe (only maybe) some of the more popular alts. Understand that the market moves in the direction that Bitcoin moves, so there aren't many reasons to look for something that will act differently from that trend. If you don't day-trade and gamble with your money, there wouldn't be a need for a trading guru or mentor to help you out. 

The crypto world is exhilarating and heart breaking.  The only advice I have is to take a moment to assess the situation, to think about things.  Things won't 'probably' crash overnight.  Things won't 'probably' spike overnight.  Don't get caught in emotional reactions and seriously 'take your time learning about a project'. 

[Luffygroove]

First of all, exactly. There are profits and losses in the crypto world just like two sides of coins. That's why risk management is important so you'll be able to comfortably accept it. Don't ever use hot money, use cold money instead and invest as much as you can afford to lose. Don't use only your emotions or instinct merely in trading cause I experienced it myself, it's just come to losses. And please, no mentor who'll decide your investment. You can discuss with others, you can absorb their knowledge but don't just swallow that suggestion just like that. Please always DYOR first.