Few lessons learned from my past to keep up with crypto

[cryptoaddictchie]

Yes thats correct. But it does not mean that if weve stayed holding we can expect that our bags to moon at the end. Holding is the perfect strategy however, it not always bringing same result we also should learn when to sell cause Ive been holding some before and waited for it to bloom turns out after few years they are now worthless compared before. So I think, its come with case to case basis and also depend on the project.

[maydna]

Never be in a hurry is never easy because many people can not hold their emotions when something happens to the market.

They tend to act fast without analyzing or checking furthermore about what they should do related to the market situation. While never giving up is what we must remember so we can have more spirit to do what we already did. Make your mistake as your experience to learn from that and prevent making another mistake in the future.

[Marykeller]

I have really learn alot and continues to learn even more from my mistakes in crypto currency, especially the trading and investment accept. I've come to realize that in life, for you to become what ever you want, you must go through the ups and down of a trade or field and you must be a risk taker. I believe without my experience, I won't be able to understand more about crypto currency.
some of the lessons I've learned so far are:

1. Never be in a hurry
2. Have the spirit of holding
3. Never give up
4. Never be discouraged
5. Always trade with the right platform
6. Always trade with the rules of crypto ( escrow, never Invest what you can  afford to lose)
7. Never have the spirit of fear: fear is the number one key to failure.

It's never easy to come out strong out of crypto. Crypto requires us to learn more lessons out of it to be successful. There's no way you will come in contact with cryptocurrency, you won't be able to learn and adapt to all the lessons you mentioned.
It's only newbies that scream when the market is not going in their favour.
1. They are in a hurry to selloff their altcoins
2. They don't hodl.
3. They give up on crypto so easily
4. They are discouraged when the market is down.
5. They trade with any available platform
6. They "FOMO"
7. They don't take risk

[SFR10]

They likely meant you should only sell goods or do peer to peer trades through escrow.

You have a point and I had the same thought initially, but I ruled it out after checking the other entries on that list ^{[I could be wrong, but even if the latter was the case, it'd apply only to a select group of traders who deal with large enough amounts to not care about the escrow fees]}.

[Agbe]

Well, experience is the best teacher after all.

Another thing, don't put all your eggs in one basket, incase a hack incident even though that the trading website always tell their funds is always safe, always be vigilant and do things on your own.

Yes. There are different ways one can learn and knowledge things in the field study. But according to educationalist, experience is the best teacher.


That is why is why pastors who where in the world (sinners) later were converted to Christian and became pastors do well in the work Ministery (preaching). We can she this the life of Paul in the Holy Bible.

In the essence that, what you had experienced can help you in the future inference.

[XUR_TIP]

It's better to have a spirit of detecting good projects than having the spirit of holding, many coins and tokens won't see 2025 starting from now and things will be more bloody once the bear market begins, many projects will die painfully.

[CryptocurencyKing]

The truth is, one who has never had his or her investment gone wrong by making some serious mistakes would never understand what it means to be hit in the guts by being too confident in your strategies.

One thing that is there to realise is that, it could always go wrong, there is a risk in all you do and as such, when you make the mistakes that almost ruins you or even if it doesn't run you, you do your best to learn some lessons out of it.

So many persons have made some serious mistakes and still have the chances to make some even more mistakes, worst onces if I could say that. So, its best you never:

1. Not to be in a hurry
2. Take proper care in making your analysis
3. Take precaution when it's going wrong, the TP and SL are there to help
4. Don't be too greedy, it drives your emotion and let's your guard down.

[Issa56]

Seriously, when I first started trading cryptocurrency, I made a lot of the same mistakes you did because I was a newbie and had to learn trading the hard way. I didn't have anyone to guide me, so I ended up wasting a lot of money. When I first started trading, I thought that as soon as I start trading, I would start making money right away because I heard so many people saying that there is money in cryptocurrency. However, when I first started trading, I invested a small amount in my sport wallet address on Binance, and I noticed that my profit was always very small, so I went to learn how to trade futures, which I wasted all of my money on because I was always liquidated, As a result, you don't have to be in a hurry to make a lot of money in cryptocurrency trading.
Also, I believe that trading with the mindset of holding is the greatest option; constantly keep in mind that you want to hold it for a long time. When I first started trading, I couldn't afford to buy more than one coin, because my money was really small, so I always keep my eye on the coin, If the coin didn't pump within two days, I always sell it to buy another coin and after selling the coin it will start rising which have already sold it, so always have it in mind to hold.
One of the reasons I've been so happy up till now is that when I first started trading, I was losing money really depressing I was tempted to give up, but I'm glad I didn't, so don't give up when it comes to trading or investing.
I believe there are numerous trading platforms available today, and their are lot's of scam platforms, so whenever you trade, make sure you select the suitable and the best platform and trade yourself; don't trust anyone with your money.
When trading or investing, I believe you should only invest or trade with money you can afford to lose. Don't invest or trade with money you can't afford to lose, don't trade with money that I'd you lose it will endup having some health challenges and don't borrow money to invest in cryptocurrency because you can't trust any project.

[Rengga Jati]

I have really learn alot and continues to learn even more from my mistakes in crypto currency, especially the trading and investment accept.

Learning from our own mistakes is exactly one of the best lessons for us, we know the exact mistakes, why they happened, and how we should avoid and do them later in order not to make similar mistakes. If we, everybody, can understand this, this will be very good enough because we exactly are aware of our own mistakes, not blaming others or crypto itself.

1. Never be in a hurry

This is also commonly related to the condition of FOMO, so we are in hurry to buy something hype without any analysis.
Or, this also relates to the patience and impatience when seeing the market condition at a certain time.
Better to take time wisely and smartly in order to make the proper decisions wisely and smartly so that we are not in hurry.