My crypto lessons in 2021

[Questat]

The lesson I learned this year is never trust any crypto YouTuber they are chilling coins and tokens because they get paid for it, even if they invested in the project they will exit the market very quickly and they won't tell their followers about it, take your profit once the return is double or more don't be too greedy

Do you mean "shilling"?

Yeah, some of them are just paid to shill a certain coin, don't follow them blindly but instead, look for more resources to verify your analysis. It's not bad to listen to them actually, but at least just don't follow them blindly as they mostly will just lead you to loses, that's the reason why many newbies failed in crypto investing because they don't do much research before entering.

[nurilham]

Not all roads are smooth in investing or trading crypto. The ups and downs of the crypto market are the main reason why many people fail. until here we must understand that understanding and learning well about the crypto world is very important because it can avoid the failure. giving in and giving up will only make us more feel guilty and confused so while we can still survive then do the best. believe it that behind all this crypto prices are going down there will be a crypto market that goes up.

[tsaroz]

2021 have bring so much growth to millions of people around the world I'm glad to have believe in this new technology called crypto and I'm sure as time goes on I will eventually get better at my crypto investment skills, I made more money than I lost but

1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality

2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly

3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt

Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe

Nearly spoke my heart. And if you are investing in an established or promising coin, don't sell for loss. Price fluctuations are wild, don't have a small stop loss. And don't sell all of it at once when you are in profit. Diversification is still the key. And it's generally beneficial to keep holding than hopping around different coins. Even if you are 100% sure about something, don't go all in. DEFI are nice but don't put all your money there. They might earn you good but they can go down pretty sharply.

[Kasabus]

One thing I have learned most from 2021 and that does not to love a project. When you love a project you will not take profits from it by thinking this is the next Shiba Inu. At the end, when the hype is gone you took a loss because of the price dump. Always remember we are here to make money from the market not keep them as an antic. Always book profit and move on to the new project.

Well, if we are just here to keep our coins forever, then we will never be in losses, and definitely never gain profits too. The only thing that we can make profits is to sell them at a good price, which means never sell in times of dumps wherein low prices means you will be at loss. I think its important to seize the moment everytime we see good chances to make profits, otherwise we will end up losing chances and losing our capital.

[adzino]

2021 have bring so much growth to millions of people around the world I'm glad to have believe in this new technology called crypto and I'm sure as time goes on I will eventually get better at my crypto investment skills, I made more money than I lost but

1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality

2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly

3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt


Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe

1. You wouldn't have lost anything if you hadn't sold your coins. You only lose when you sell. If you had kept holding your coins till $100k, you would likely be sitting at $60,000 profit.

2. The market can never be predicted. And most of those youtubers are used for shilling for shitcoins. And most of them spills out gibbrish.

3.That's the worst advice. You don't follow your heart when it comes to investment. You do your own analysis and think logically before making any move.

[tyz]

You missed nothing unless you made zero profits, if you sold your shiba inu very early it's because you already doubled your money, it's a smart move honestly because ask yourself this question, how many projects have became so good as shiba inu in the past months till date? Many meme coins tried to but no one was as good as shiba

Similiar to my crypto lesson 2015/2016. Back then I bought a bunch of Ether for $0.92 each and sold them a year later for around $11 each. Made a ten-bagger and I thought I am a great investor and this was a good deal. Well, few months later the price was already >$100 and I bought some Ether back I don't even want to think about the price today

[iphone5s]

I think 2021 is the best year since I got to know cryptocurrencies, I've known cryptocurrencies since 2013 and in 2021 the value of my assets increased dramatically, 2017 was indeed a very high increase but many altcoins died, the important lesson in 2021 is to always be optimistic and be patient to hold .

But there will be a year that will make something big later. So it's best to look forward to it and keep holding on to it. I can't wait to see all my assets go up so big and make me relax in old age.

[Gudhal Untu]

The most important lesson in 2021 is not to panic when I see a market drop, I panicked when the price dropped in July and I sold a lot of my assets, if I can be patient for up to 2 more months then I can get big money, now I will be patient and will not panic as happened in December until now.

[gurunanakji777]

It happens thrice to me but you learned a very bitter lesson but you are not the one alone who is trapped by the YouTuber predictors there are many others who believed BTC will hit $100K by the end of 2021 and market was also good but it did not happen even I am hopefull market will be bullish in the coming months so we have to be remain patient and should not sell in loss and should wait for the bull market. You would be in loss only if you sell at the moment If you hold it I believe you will recover your losses.

[deean_3one]

The lesson in crypto that I learned in 2021 is to be patient, and don't panic. After a few years the price of cryptocurrencies fell I started to worry about a lot of losses. Therefore, after the price went up and I think it has granted me a profit, I immediately sold all the assets during this loss. However, after a while later, the price soared very high and I regret the decision I took.

[fvb]

My lesson in 2021 is that time waits for nobody,  I'll say I was actually too lazy in my cryptocurrency investments.  I would have used the little money I had for investment, but I was procrastinating it waiting for more money to come which I waited for a long time.

If you think that you have to invest, don't procrastinate.

Sometimes, there's the instinct that we should sell or buy. It happened to me many times and I think that there's the same for the others.

But we really don't know if that gut of ours is accurate at most times.

As for intuition, you are right, in most cases, it works. And a very small percentage suggests otherwise. But I think this is the influence of the market itself. And all this, in my opinion, happens only because you need to learn to wait, especially if the project inspires confidence.

[susuberuang]

As for intuition, you are right, in most cases, it works. And a very small percentage suggests otherwise. But I think this is the influence of the market itself. And all this, in my opinion, happens only because you need to learn to wait, especially if the project inspires confidence.

Waiting is necessary to see a good change because without waiting and being patient maybe the desired thing will not happen, even if it does happen someone will not be able to see it because he does not have the patience for it.

[pauloaragaomelo]

3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt

The news affects the trading principles so much that it will change the previous trading plans, fake news circulating for the purpose of creating panic to bring down market prices, but I agree that you have to have solid principles so you don't get influenced by external factors.

[zulfi125]

Every lesson give you success, as everyone knows BTC was growing and around $70000 and people still wait to sell off $100k but this will not happen in continuously, the market have bull and bearish trend always, so If you got good profit then sold your crypto and wait for a dip this rule can make you profit but if you wait for the high price of crypto then you will lose your profit so this lesson will give you success in future.

[BlackBaron]

2021 have bring so much growth to millions of people around the world I'm glad to have believe in this new technology called crypto and I'm sure as time goes on I will eventually get better at my crypto investment skills, I made more money than I lost but

1. Still I ended losing more money than I made, I was sitting on 30,000$ profit last month but I failed to take profit just because of 100k BTC rumour that looks like reality

2. be careful of Crypto YouTubers deceiving people to buy in cryptos where as they are simply predictions, most times crypto market can't be predicted correctly

3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt


Well the race isn't over yet, one day I will look back and laugh hard at all this, stay safe

Many youtubers are involved in project promoters without any knowledge of verifying project reputation, projects that have been promoted end up with scammers but instead they have got paid as promoters, have indirectly trapped subscribers on scam projects. I no longer look for crypto project references on youtube but analyze them based on my knowledge and compare with the best crypto sites.

[jostorres]

The influence of the latest news for the condition of cryptocurrencies has existed all this time so what needs to be seen is where the news source itself comes from so that everyone can judge whether the news is true or not, because there is a lot of Fud news that is completely unimportant to respond to.

It doesn't even matter if the source is true or not in the crypto world unfortunately. There are too many people who act as if the source matters a lot and then they end up getting run over by the masses. People just see good news and buy, see bad news and sell and that has been the case for years now.

I know that doesn't make too much sense and I still do not know why they do not calculate better before they react so quickly. Only guess I have is that trying to be early in trading, so if it is actually good then they would be buying before anyone else, and if it is actually bad then they would be selling before anyone else, that is the only guess I could make.

[Russlenat]

3. Follow your heart and nothing else cos if I've done that I would have pull my 30k profits and now I'm left with 5000$ in usdt

The news affects the trading principles so much that it will change the previous trading plans, fake news circulating for the purpose of creating panic to bring down market prices, but I agree that you have to have solid principles so you don't get influenced by external factors.

The influence of the latest news for the condition of cryptocurrencies has existed all this time so what needs to be seen is where the news source itself comes from so that everyone can judge whether the news is true or not, because there is a lot of Fud news that is completely unimportant to respond to.

Just ignore the FUD, it's just normal when we are entering the bear market, you know who are spreading FUD, it's the same people who spread the hype and they are the whales who are good at manipulating the market, so we should play their game too.

[Hamphser]

The influence of the latest news for the condition of cryptocurrencies has existed all this time so what needs to be seen is where the news source itself comes from so that everyone can judge whether the news is true or not, because there is a lot of Fud news that is completely unimportant to respond to.

It doesn't even matter if the source is true or not in the crypto world unfortunately. There are too many people who act as if the source matters a lot and then they end up getting run over by the masses. People just see good news and buy, see bad news and sell and that has been the case for years now.

I know that doesn't make too much sense and I still do not know why they do not calculate better before they react so quickly. Only guess I have is that trying to be early in trading, so if it is actually good then they would be buying before anyone else, and if it is actually bad then they would be selling before anyone else, that is the only guess I could make.

We know that this market does really need out some immediate reaction on what conditions or situations you might be into because price could make a U-turn in a blink of an eye that's why I couldn't really

blame out people to be that highly reactive nor make out decisions quickly no matter what because they do tend to get in and get out on fast pace manner before its too late.

One aim would be always be making on profits no matter what the things you should do as long you do able to hit your goal or target then that what matter most.

[Ngemmeng]

trading or invest crypto without a solid foundation or without knowledge is the same as gambling because you only use luck, and all you need to know luck only comes occasionally. If you have a solid foundation and use knowledge in crypto trading or investing of course you will not easily believe the assumptions or predictions that say the price of bitcoin will reach $100k even 1 million USD. as a trader or investor you have to be careful because nowadays many predictions are made without a solid basis and this can affect you and make your confidence in yourself less.

[SlimShadyMmp]

Yeah those things really do hurt sometimes but still as you said your lesson for the year 2021 Am sure things will look much more better next year as you will be more aggressive taking profit this time around Also my suggestion is always follow your gut feeling when it comes to crypto