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Author Topic: Mentor experience in crypto trading.  (Read 840 times)
BITCOIN4X
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June 16, 2022, 08:52:42 PM
 #101

But, are there a major change the way crypto market works? Over the past 13 years I think it still work the same. There are still two cycles and that is the bear and the bull. There are coins that come and go but that is normal as they are just junk coins but legit and top cryptos are still there that keeps on going up or going down (fluctuating).

Maybe it's true that mentors are usually the ones which have now a retired from the field that they are teaching because if not then it will be hard for them to coach/mentor people as mentoring is not easy as it seems. This is better so that they can only focus on one thing and they can give you a better advice.
The best mentors in the crypto market are the experiences of others that are shared for free on these forums. Let's be honest that bitcoin and some of the top altcoins are the right choice if someone wants to own an asset that makes them profitable in the long run, they should buy it for an amount they can afford to lose.

Market fluctuations will make traders profit, but also they will be very likely to lose if they are not really able to have a good strategy. Be patient and believe in the potential and understand how to secure it, it is the correct way to invest in this volatile asset.

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June 17, 2022, 05:49:12 PM
 #102

This is what I did as well but mainly with peter lynch for example. Between Peter Lynch, Warren Buffet and Robert Kiyosaki, you are going to have three amazing investors who can navigate through the market and the financial world we are in and tell you the secrets on how to get rich.

You can learn how to invest effectively with Peter Lynch when you do not have a lot of money and how to find companies that would be profitable, then you can use Warren Buffet to find ways to invest into things that can return something to you for you to reinvest back, so create a vicious cycle that will not end, and with Robert Kiyosaki could allow you to start with almost nothing, but find debt to be quite profitable if you know what you are doing and use others money to make you money. All could be applied to crypto directly.
There are a lot of people who think like they could make some crazy move and get rich miss out on. I mean these are the best at what they do people and all of them think that long term is the way to go, and there are some weird people who say "hey I found shibadogeunicakeswap token and if you invest just 100 dollars you could get wealthy!!" and then shocked when others mock them.

Just realize that there is nothing you could do to make any big changes to something that already works. Buy btc-eth-bnb and just keep on buying them for decades and eventually you will be wealthy beyond your wildest dreams, why look for alternatives, when the recipe is there?
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June 18, 2022, 05:12:38 PM
 #103

I am a supporter of the idea that the most important thing is to find the very normal teacher who will allow you to get the necessary knowledge and be able to give it at the right time.
Well I never had a mentor, I've only read some books and somehow a youtuber friend gave me at one point his way of trading, a training where he didn't teach technical analysis but to understand the market, how it moves, what things can taken into account so that we can get an idea of what can happen.

So the best mentor of all for me are the books, but I highly recommend the books that are from some experienced operators, that tell how they operated at the time, that is much more valuable.Personally, I always recommend reading Livermore, Wyckoff, they are my favorite authors, but there are also others who are better known who teach how to see the market from different points of view, such as Robert Kiyosaki, Donald Trump himself, Warren Buffet, they are all important.

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June 18, 2022, 05:19:34 PM
 #104

Cryptocurrency trading platforms can offer the most advice to those who have lost the most profits. From my experience, I always think of crypto trading I would suggest.I would never say no to futures trading. Because I lost the most money from this futures trading platform.I may have made a lot of money from futures trading for a while but I lost more than that.That's why I always advise everyone from futures trading to be careful about futures trading.
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June 18, 2022, 08:41:03 PM
 #105

This is quite important, but in this case there is a risk that the trader will work worse, because he will rely on someone else's experience. This is definitely a minus.
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September 20, 2022, 05:29:41 PM
 #106

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.

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September 21, 2022, 06:21:27 PM
 #107

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
Actually without a mentor you can and now the information is also getting more and more extensive,
I think we need to try more and that can be done by watching videos,
It's important to believe in yourself

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September 21, 2022, 09:42:29 PM
 #108

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.



 

 

 

 

 

 


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September 22, 2022, 12:06:35 AM
 #109

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
As long it is free then i dont see anything wrong about it but you could eventually notice if its something manipulative or dealing only with shit low cap coins then its up into your own preference whether you would

continue to deal or not.Mentors arent really that bad to look upon as long they dont charged up something for the knowledge and tips that they are giving.Its commendable for those who did for free

and not worth for those people who are asking for sub fees.Just like been saying by the rest of people on here that its better to learn on your own
and snip out some ideas on others.

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September 22, 2022, 03:18:25 AM
 #110

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
As long it is free then i dont see anything wrong about it but you could eventually notice if its something manipulative or dealing only with shit low cap coins then its up into your own preference whether you would

continue to deal or not.Mentors arent really that bad to look upon as long they dont charged up something for the knowledge and tips that they are giving.Its commendable for those who did for free

and not worth for those people who are asking for sub fees.Just like been saying by the rest of people on here that its better to learn on your own
and snip out some ideas on others.

Based on my experience the role of a mentor is quite important to accelerate us in understanding the world of trading. Because a good mentor
can teach us how to trade crypto effectively and can remind us if we make a mistake. So learning yourself to be a successful trader is indeed
possible and there are people who have succeeded in doing it, but it usually takes longer than us being assisted by a mentor, that's why we need
a mentor to shorten our time. Moreover, the mentor shared his experience and knowledge for free, it was an opportunity that should not be missed.

But I don't think it's a problem we spend money to get knowledge from mentors, most importantly the mentor is trusted and has a good reputation.
Because sometimes there are some mentors whose knowledge is not shared for free, we have to spend some money to be able to get the full
knowledge that the mentor has. And it's only natural that there are mentors who ask for money, the most important thing is that the mentor does
not commit fraud and indeed the knowledge provided is indeed useful. That's why I suggest we only spend money on paying mentors with
a good reputation, so we first check the track record of the mentor, whether there is a negative record or not.

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September 22, 2022, 06:29:21 AM
 #111

They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
As long it is free then i dont see anything wrong about it but you could eventually notice if its something manipulative or dealing only with shit low cap coins then its up into your own preference whether you would

continue to deal or not.Mentors arent really that bad to look upon as long they dont charged up something for the knowledge and tips that they are giving.Its commendable for those who did for free

and not worth for those people who are asking for sub fees.Just like been saying by the rest of people on here that its better to learn on your own
and snip out some ideas on others.
Yes, if it's free, you should have thought that there's some catch on it. They'll sell you directly those coins that they'll suggest to you or they're paid to do that.
And the normal thing with these free things, is that you're the product of them and that's why they're doing it in the form of being a mentor for free but you know, there should be an exchange and return for them.



 

 

 

 

 

 


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September 23, 2022, 12:32:22 PM
 #112

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
If they are concerned about making a money then they will try to help someone else via a mentoring program. Crypto trading is popular now and many newbies are entering this field. Some of them will look for a mentor because they think it was hard to do it on their own and they also have the money to avail one.

Those who spread wrong information are usually paid shillers and there are also influencers in twitter and other social media sites. Always be careful with them and it would be better to ignore on something you think is good to be true because those are likely a scam. When availing a mentor it's also a must to check their background first if they are legit and you're sure that the info that you will get is accurate.

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carlfebz2
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September 23, 2022, 07:20:24 PM
 #113

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
You would really be needing to have that self analysis or verifying for yourself if those speculations are considerable and ending up on having higher chance of profitability then it would really be worth on following

some mentor but of course you should need to learn for yourself on what to do so that whenever you do decide to be come independent then you could really stand on your own feet and able to deal up with

this unpredictable market.Its not bad to snip out some idea from other people specially to those who do have experience but its bad on making yourself fully relying
on it thats why its better to set up these kind of goals.

ShowOff
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September 23, 2022, 09:20:53 PM
 #114

If they are concerned about making a money then they will try to help someone else via a mentoring program. Crypto trading is popular now and many newbies are entering this field. Some of them will look for a mentor because they think it was hard to do it on their own and they also have the money to avail one.
Yes, it doesn't matter. Some people are ready to pay others for good knowledge. Trading is one of those skills that many people may not understand in a short period of time, mentors are sometimes needed. But now that the internet has become a huge library of a lot of knowledge, I don't think a mentor is completely needed either. The basics can be learned on your own, but for a technical or something like that it takes a mentor.

When availing a mentor it's also a must to check their background first if they are legit and you're sure that the info that you will get is accurate.
Of course, highly recommended. Not everyone on the internet can be trusted, the same should be thought in the real world. But mentors who actually meet in the real world are more likely to be recognized because they are knowledgeable and recognized people.

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September 23, 2022, 11:31:52 PM
 #115

Do you have a mentor in crypto trading?
No. I learn trading on my own (self-taught).
I think we don't really need a mentor because there are many sources to learn (articles, youtube videos).
In my country, it is difficult to look for a mentor because crypto isn't really familiar. So, people who are engaged with crypto rarely publish it to the public. It makes hard to find a proper mentor.

I love Satoshi because he was a great mentor i have never see in the whole world,-snip-
Satoshi isn't a mentor, he is a creator or initiator. As long as I joined this forum, I never saw any information that tells us Satoshi became a mentor for any people. People in this forum mostly learn by themselves.


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batang_bitcoin
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September 23, 2022, 11:43:49 PM
 #116

They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
You would really be needing to have that self analysis or verifying for yourself if those speculations are considerable and ending up on having higher chance of profitability then it would really be worth on following

some mentor but of course you should need to learn for yourself on what to do so that whenever you do decide to be come independent then you could really stand on your own feet and able to deal up with

this unpredictable market.Its not bad to snip out some idea from other people specially to those who do have experience but its bad on making yourself fully relying
on it thats why its better to set up these kind of goals.
Yeah, it's okay to get some ideas from other people but don't wholly depend on it because you'll never know if that's going to work for you. But if it turns out that it's a good one, why there's a need to ignore it?
As long as it's working for you then these mentors are good for you but remind that not all of them really has that heart of helping but just to milk you guys.



 

 

 

 

 

 


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September 24, 2022, 09:29:51 AM
 #117

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
If they are concerned about making a money then they will try to help someone else via a mentoring program. Crypto trading is popular now and many newbies are entering this field. Some of them will look for a mentor because they think it was hard to do it on their own and they also have the money to avail one.

Those who spread wrong information are usually paid shillers and there are also influencers in twitter and other social media sites. Always be careful with them and it would be better to ignore on something you think is good to be true because those are likely a scam. When availing a mentor it's also a must to check their background first if they are legit and you're sure that the info that you will get is accurate.
I think mentor choosing would be the hard part in there. I mean it's clear that you could learn it from the resources available in the crypto world but if you do not want to get lost in there then you could pick one that would help you but at the same time we are talking about picking a mentor that could give you a wrong direction.

It just doesn't make sense to me that people would pick mentors, but if they really want to, if they think that it's the best way to do it, then they should pick someone that will actually help them and not hurt their future. Because not knowing something could be fixed easily, but knowing something wrong and then teaching the right way takes longer time.
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September 24, 2022, 11:22:00 AM
 #118

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.
Actually without a mentor you can and now the information is also getting more and more extensive,
I think we need to try more and that can be done by watching videos,
It's important to believe in yourself
Honestly crypto trading without a mentor will take a lot of strenuous efforts and thorough learning plus plenty of charting hours before such a trader will have a breakthrough or become profitable after series of account rekting, there are so many things to learn in crypto trading such that any newbie who is not well skilled will likely lose huge amount of funds just like the OP, unfortunately a lot of newbies thinks that crypto trading is a get rich quickly scheme thus embark on it without adequate knowledge, actually getting a mentor is not easy perhap majority of them are busy with their trading thus not readily available.

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September 27, 2022, 03:21:01 PM
 #119

Honestly crypto trading without a mentor will take a lot of strenuous efforts and thorough learning plus plenty of charting hours before such a trader will have a breakthrough or become profitable after series of account rekting, there are so many things to learn in crypto trading such that any newbie who is not well skilled will likely lose huge amount of funds just like the OP, unfortunately a lot of newbies thinks that crypto trading is a get rich quickly scheme thus embark on it without adequate knowledge, actually getting a mentor is not easy perhap majority of them are busy with their trading thus not readily available.
I think that without a mentor a new trader can learn a lot, if they have the basic necessities of control over greed, determination and patience. Unfortunately there is a lack of these skills but they can learnt in due course. This is also why those who have a background of stock market trading can fare better in crypto because they know how to control emotions and how to manage budget.

Even then newbie traders are not a loss. Dummy trading for practice can be done by anyone and mentoring yourself through the process will give you the best learning experience for free.

I know for newbies hiring a mentor sounds more appropriate, but most humans are biased and I wont want newbie traders to become biased like their mentors. If you know how to stop that, then by all means hire a paid mentor. Besides the older forum members are pretty supportive of new traders.

R


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qwertyup23
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September 27, 2022, 03:58:51 PM
 #120

If you are referring about mentor then i can say that in current situations mentor is not easily accessible because no one will guide you and all of the crypto users are just concerned with cash and spreading wrong information. I just thought usable information by watching videos  and more about it i just catch good results from my crypto friends.

There are a few mentors that seriously offer their services not just for cash; but because they genuinely care about the welfare of your earnings. Unfortunately, the challenge is looking for the right mentor on this space given that anyone can pose as a mentor. I do suggest that if you want to find one, try asking your friends/peers if they know someone so at least someone has vouched it previously.

If you are aiming to look for a mentor online, check their reviews and past projects if they made some success. Be careful, however, as lots of people will pose as crypto experts and mentors, but they only use this as a scam in getting more people to trick them.

R


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