How to avoid huge cryptocurrency disappointment

[Israelgogo]

Crypto comes with alot of goodies ,investing in it comes with it huge advantage while this advantage are huge, there are also some days for its disadvantage ,it is always advisable to study the market and make research to know when to withdraw and when to invest ,Do not invest all your money on crypto, invest what you can easily afford or risk, have other means of making money apart from crypto, invest wisely to avoid disappointment ,dont be too greedy.

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[cryptoaddictchie]

Actually it depends on the strategy you choose. Its not bad to takea loan but putting it on a right basket. Rich people becoming more rich when they are using banks or firms money and making it double or triple using that money leaving the debt getting paid and the rest is profit.

If you follow or check Robert Kiyosaki videos or learning he said that he got rich by borrowimg money and put that into investment. Thats definitely a testinomy or outlier that its not always be the same.

[passwordnow]

If I am single, I'd probably put my life savings into crypto and I've got my own reason for doing that. First, I'm aware of its volatility and I've experienced the highs and lows of it. Since I am single, I'll have no problems even if my portfolio goes low for bitcoin because I know that it will eventually recover. Again, this is only if I'm single but as time passes and I get to have my own family, I'll diversify it and will need to have savings for cash and as well as investments for real estate properties.

[decodx]

I do not recommend borrowing money to buy/trade the coins as much as if a novice will be successful. This is because the novice would be so excited to get to his trading target, that it can lead him to act upon illusory returns, which can cause a lot of damage. I have witnessed such cases where inexperienced traders lose their entire investment on the first day. The naive one even forget his greed and shorts were not profitable. This was just my own experience and my own take on the matter. For beginners I can only recommend if you have your own funds to invest then go for it. If you have limited funds and therefore cannot invest your money then buy bitcoin which is cheap right now and can give you good returns in the long run.

[Markinzo]

If I am single, I'd probably put my life savings into crypto and I've got my own reason for doing that. First, I'm aware of its volatility and I've experienced the highs and lows of it. Since I am single, I'll have no problems even if my portfolio goes low for bitcoin because I know that it will eventually recover. Again, this is only if I'm single but as time passes and I get to have my own family, I'll diversify it and will need to have savings for cash and as well as investments for real estate properties.

Waiting till your married before starting to have savings is like waiting for a train to start moving then you start running after it to get a lift.

Wether single or married savings is something quintessential for every human being cause hard times are unpredictable.

[Smartvirus]

Reading and hearing of some cryptocurrency traders and investors wailing about the recent crash in the crypto market, some even leading to suicide. Here are my precautionary measures on how to avoid cryptocurrency disappointment.

As we all know cryptocurrency market is  very volatile as such crashes is common. So one has to be prepared for anything.

1. DON'T TAKE ALL YOUR LIFE INVESTMENT INTO CRYPTOCURRENCY;

2. Do NOT BORROW/LEND MONEY TO INVEST OR TRADE;

3. HAVE SEPARATE SOURCE OF LIVELIHOOD FOR EMERGENCY;

4. KNOW THE TYPE OF COINS TO INVEST/TRADE IN;

The system or market has been designed in such a way that, you can have a go at it without encountering some huge lose or a drastical reduction of your crypto portfolio. All that Resides in your best ability because, you can never be accurate on your analysis of the market but if your good enough, you can get some accurate insight to it and you work your coins through wallets, exchanges and swaps to Stable coins as the need applies. It's easier said than done but for sure, it can over ride every other step to "no regrets" especially when you invest on coins that are actually tradable.

A) the first thing is looking at the coin's management team and how reliable it is. Some experience traders suggest that any management team that is anonymous is a big no trading/investing coin.

B) what is the project purpose; one has to read through the project and see if the purpose of the project is worth investigating in and aslo check the road map as to how they are moving towards the ascribed purpose.

C) How active is the project community; any project that doesn't have a strong/active development community is a big red flag.

As it stands now we do not know when the market will come up again or maybe it is longtime down fall. But investors/traders need to find means of diversification to avoid disappointments that could be unbearable.

Looking forward to some advice from senior members of the forum on this thread

Yeah, that's some means to an analysis but at times, it does fails but, you've still got to try and stay on track. Let it be that you invest in some project that you found interesting and make the mistakes while correcting yourself along the line so, you get to learn.

[isaac_clarke22]

If I am single, I'd probably put my life savings into crypto and I've got my own reason for doing that. First, I'm aware of its volatility and I've experienced the highs and lows of it. Since I am single, I'll have no problems even if my portfolio goes low for bitcoin because I know that it will eventually recover. Again, this is only if I'm single but as time passes and I get to have my own family, I'll diversify it and will need to have savings for cash and as well as investments for real estate properties.

It's your money anyway. How we manage our life savings also depends on what we "want" and what we "need". If I was like a PC Building enthusiast which I am for real, I would not just invest it all in crypto considering how expensive are PC parts here in my country. I would invest some part of it to crypto, but not all of it.
I would love to do my hobby after all and not just 100% go in-depth with crypto.

[passwordnow]

If I am single, I'd probably put my life savings into crypto and I've got my own reason for doing that. First, I'm aware of its volatility and I've experienced the highs and lows of it. Since I am single, I'll have no problems even if my portfolio goes low for bitcoin because I know that it will eventually recover. Again, this is only if I'm single but as time passes and I get to have my own family, I'll diversify it and will need to have savings for cash and as well as investments for real estate properties.

Waiting till your married before starting to have savings is like waiting for a train to start moving then you start running after it to get a lift.

Wether single or married savings is something quintessential for every human being cause hard times are unpredictable.

It's not what I mean, a person that has an obligation on his family can't go all in with his investments anymore because there's a bigger part and allocation to the needs of the family since you're already a provider although that doesn't stop him for being a saver and an investor. But if someone is single, he can go all in and all out with his crypto investments and whether he's winning or losing, it's just him that's going to be problematic if the outcome turns out to be negative and those losses can be turned into lessons and learnings while he's still at a young age.

[Rengga Jati]

Thanks for sharing

These are actually very common advice and we have all heard and understood about these many times because many people also have announced about these.
But in fact, many people still don't care about this, only follow their greed and hype, not listening to the kind advice. Whatever we say and however we try to advise and wake up people with this reality, in fact, they may not want to listen to us because what their focus is getting and earning much much much money instantly without considering the risks that they may take. And after these all downtrend, they will panic and regret of the same mistakes, always.

[Viscore]

The most important thing for your journey in cryptocurrency market is

• Never spend more money than what you can't afford to lose.

Prepare for bad and worst things because your journey in cryptocurrency might not be smoothly and rosy. Lots of ups and downs, challenges, success and failure.

Always have fiat on hand. Do not put all your hard earned money into crypto because if that fails, you will be totally rekt. As much as possible, learn to diversify your investments into crypto, bonds, stocks or even in gold investments and never invest what you can't afford to lose. That way, you may lose from crypto, but made profits from other investments, or vice versa.

[cheezcarls]

I am no stranger when it comes to disappointments in my life. Not only that I am disappointed because of the losses that I have in the past because of greediness, but also not thinking twice on what I have been doing just to end up my mind being brainwashed by the hacker and drained my 3 wallets for a total of more than $12,000 due to the malware I have accidentally engaged with. I should have moved all of them to my Ledger Nano S earlier so that even if I clicked that malware my assets won’t get drained. But it is what it is, just another hard lesson learned and move on to become better in making decisions not just in crypto, but in all walks of life.

[Yamifoud]

But in fact, many people still don't care about this, only follow their greed and hype, not listening to the kind advice. Whatever we say and however we try to advise and wake up people with this reality, in fact, they may not want to listen to us because what their focus is getting and earning much much much money instantly without considering the risks that they may take. And after these all downtrend, they will panic and regret of the same mistakes, always.

That is certainly different from how we respond to that advice. Many had neglected to follow and so they regret it later.
That greediness makes someone stressed and also the reason why haven't look any good to what the other says as their emotions influencing their mind.

Just like what I did before,
 * I lend some money to invest but it loses because I invested in scam projects
 * I do trading but I lose my capital because I don't have any idea how to do this

Regrets and disappointments literally come because we are not well-prepared and we don't know what we are doing.

[Masplanc]

Thanks for sharing

These are actually very common advice and we have all heard and understood about these many times because many people also have announced about these.
But in fact, many people still don't care about this, only follow their greed and hype, not listening to the kind advice. Whatever we say and however we try to advise and wake up people with this reality, in fact, they may not want to listen to us because what their focus is getting and earning much much much money instantly without considering the risks that they may take. And after these all downtrend, they will panic and regret of the same mistakes, always.

What I noticed about some humans is that taking other people advice seems to be too difficult for them. They learn quick from their own personal experience , that is why no matter advice like this are giving to beginners they would not listen,  they would want to know if truly greed is real in cryptocurrency.

[NdaMk]

I am no stranger when it comes to disappointments in my life. Not only that I am disappointed because of the losses that I have in the past because of greediness, but also not thinking twice on what I have been doing just to end up my mind being brainwashed by the hacker and drained my 3 wallets for a total of more than $12,000 due to the malware I have accidentally engaged with. I should have moved all of them to my Ledger Nano S earlier so that even if I clicked that malware my assets won’t get drained. But it is what it is, just another hard lesson learned and move on to become better in making decisions not just in crypto, but in all walks of life.

Sorry mate just a hard way to learn, $12k ain't a small amount to loose. Imagine s newbie having to loose such at an early stage it might be devastating and frustrating. That's why new enthusiasts like me need to read up on this kinda flaws so we could minimise our chance of disappointment or moreover safeguarding ourselves from scammers/hackers. I will also need to read up on the Ledger Nano S. I quite don't have any idea on it.

[Munir575]

3. HAVE SEPARATE SOURCE OF LIVELIHOOD FOR EMERGENCY; some newbies actually take crypto Trading as the only means of survival, and when there is a market crash there is a lot of panic which might lead to suicide or people being homeless. As a cryptocurrency trader/investor one should have another means of making ends meet even if it small income. Atleast that could sustain any market crash which can also take some stress out of you.
You can start today by putting some funds out (can be monthly) to start up new business, if there's none currently.

This is a critical point for anyone investing in cryptocurrency; having a separate source of income and not relying solely on your crypto earnings is the best option because there is no guarantee that the market will continue to move in your favor. Maintain a separate work space for cryptocurrency to avoid dipshit situations when the market falls.

[Davidvictorson]

To add to what has already been said. Kindly avoid engaging with users who make comments like this on YouTube

1.


2
 

3.


There are so many of them that follow this same pattern. Just avoid them like a plague to spare yourself the heartbreak and disappointment.

[bittraffic]

3. HAVE SEPARATE SOURCE OF LIVELIHOOD FOR EMERGENCY; some newbies actually take crypto Trading as the only means of survival, and when there is a market crash there is a lot of panic which might lead to suicide or people being homeless. As a cryptocurrency trader/investor one should have another means of making ends meet even if it small income. Atleast that could sustain any market crash which can also take some stress out of you.
You can start today by putting some funds out (can be monthly) to start up new business, if there's none currently.

This is a critical point for anyone investing in cryptocurrency; having a separate source of income and not relying solely on your crypto earnings is the best option because there is no guarantee that the market will continue to move in your favor. Maintain a separate work space for cryptocurrency to avoid dipshit situations when the market falls.

True. Relying all you have to crypto will be not be good for you when the market turn down. I ha e alsolearned this the hardway back in the first time I experinced bull market. I thought it would never end that my money will continue to grow while I sleep. Months pass I'm already lossing thousands which should have been profit if I just sell.

Glad that I didn't give up my freelance job or I'd be scrumbling to sell the coins I intend to hold for long term to fund myself.

[CryptoHeadlineNews]

Another vital way to prevent this disappointment is avoiding online investment who promises to double or triple your investment after a given period of time, because I know of a friend who got scammed of over $1000 meant for his traditional marriage, and this was how it all happened. He came across this Google ads advertising a website who promises to double investment in 48hours, and ignorantly he investment the whole money, of which 48hours passed and he got no refund till date. And that was how the traditional marriage never hold again, he attempted committing suicide, but luckily he was rescue and survived.
So in general what am trying to say is don't invest in a site who promises to double investment in 24hours. They are scam

[AakZaki]

True. Relying all you have to crypto will be not be good for you when the market turn down. I ha e alsolearned this the hardway back in the first time I experinced bull market. I thought it would never end that my money will continue to grow while I sleep. Months pass I'm already lossing thousands which should have been profit if I just sell.

Glad that I didn't give up my freelance job or I'd be scrumbling to sell the coins I intend to hold for long term to fund myself.

The main job would be a good crutch for a side job like in cryptocurrency. Because if the crutch is lost and happens as you describe, then there is no longer a definite source of income for you. You also need to learn how to make decisions when the market is bullish and you are already making a profit. Don't wait until it drops again which of course will make you regret it.

[Marvell1]

I wonder why one will go as far as lending money for an investment that is highly volatile and the crazy part is how the use this funds to invest in shit coin. Crypto investment  is not a job it's an investment and investments is never a get rich quick scheme. For ever as far as crypto investment is concerned Bitcoin remains the safest despite the fall

Taking loans for a very volatile and risky investment, i guess that is putting yourself in misery in the future. Crypto does not guarantee profits, as its also don't make a single person instantly rich. So taking loans is never really a good advice in the first place. However with bitcoin you'll never be in huge loss, but still always have the mindset to invest only on the amount you can afford to lose.

It's best not to and never lending money to invest in cryptocurrency, even if it's bitcoin. Bitcoin probably won't make us lose money in the event that we can hold it in the long term, in the short run, bitcoin's volatility can cost us money so never invest borrowed funds. Investments should only be made when we can afford to invest and can live a normal life when we lose them.