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Author Topic: Biggest mistake in crypto?  (Read 1611 times)
Lambe Ndumble
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August 11, 2022, 10:50:01 AM
 #181

I think the biggest mistake in crypto is too greedy, many continue to buy when the price of rising, if he sells it then has received profit, but because he always thinks too optimistic then he continues to buy, and when a dump occurs then he is aware and lost the moment to sell and profit.

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August 11, 2022, 02:54:31 PM
 #182

I have perhaps the most mundane story...it's simple, I had coins that were worth several tens of thousands of dollars and thanks to my greed...these coins cost 100 times less and I don't see any prerequisites for growth, in general, everything needs to be done on time, but this is not about cryptocurrency, there is no word "on time" here.
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August 11, 2022, 03:13:44 PM
 #183

everyone will experience mistakes, regrets and so on, but with us experiencing mistakes it will be a science for us in the future, and I have also experienced mistakes of course in terms of crypto. and my mistake was, I didn't have the courage to buy when the crypto price was down, because as a result I didn't have the courage to buy in the end I didn't get a profit from crypto, because if at that time I dared to buy I would definitely get a big profit, because crypto prices soared after all this time. long experienced a bear market.
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August 11, 2022, 06:44:23 PM
 #184

When in comes to cryptocurrency, trust me, everyone has his/her fair share of regrets.
Personally, one of my greatest mistakes was that a token I got for free, I sold it for 48$ and few weeks later, the token pump so madly that the 48$ was worth about 1700$.

I learnt a very bitter lesson which is: never sell off your position. Always leave something behind, just Incase.

If I had sold half of the token, I wouldn't have missed out too much, but I made a huge mistake selling off.


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August 11, 2022, 06:56:54 PM
 #185

I'm sure many people here have the same mistake, that is not selling altcoins when the price is at its ATH in 2021,
because that's what I felt and really regretted it! I don't know if I can recover or not, because I'm really frustrated
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August 11, 2022, 07:49:23 PM
 #186

In my opinion,  no bigger mistake than holding your bags all through a bull circle without taking advantage to the ath to buy back at a much lower price. This has happened to me and I felt really bad not making the right decision at the right time.
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August 17, 2022, 08:33:44 PM
 #187

What have been your biggest blunders so far when it comes to cryptocurrency? We all know that how much volatile the industry is. And the things that made you regret your decision? Can you share your thoughts, guys?

Prior to the bull run in 2021, many people were talking about the price of Bitcoin hitting $50k. But I don't believe it. When the bull run was going on, I was afraid to buy it. These two things are delaying me from getting rich.
What I want to say is that, there is no limit to expression in crypto, we must be able to see the opportunity properly. Including current market conditions. Is this the right time to buy? It becomes difficult for us to determine the step, because the chart shows neither up nor down.

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August 17, 2022, 09:08:45 PM
 #188

My biggest mistake in cryptocurrencies is that I did not believe in cryptocurrencies and did not attach much importance to them. If I had invested in cryptocurrency at the beginning of the creation of the crypto industry. It would be a big success. And this is my biggest mistake, which gnaws at me to this day.
Probably when they were first knew about Bitcoin or even cryptocurrencies in general. They just don't know what to do with them especially at early days when this kind of thing is still uncover without any deep research, unless you do some research at that time then it's pretty normal that you don't put single effort to them, including me too because I had ignored cryptocurrencies in early days as well.

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August 17, 2022, 09:59:18 PM
 #189

I'm sure many people here have the same mistake, that is not selling altcoins when the price is at its ATH in 2021,
because that's what I felt and really regretted it! I don't know if I can recover or not, because I'm really frustrated

at that moment we were to confidence bitcoin price will directly hit 80K and followed by altcoin price , all position hold and not take profits at all. greedy make us loss our profits and maybe some of this position become negative floating. this is important lesson for us , always take profits to make our balance growth no matter it show slow progress.
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August 17, 2022, 10:15:53 PM
 #190

I'm sure many people here have the same mistake, that is not selling altcoins when the price is at its ATH in 2021,
because that's what I felt and really regretted it! I don't know if I can recover or not, because I'm really frustrated


Indeed, quite a lot of greedy people don't sell their altcoins when reach ATH prices in 2021. That's because many people think the bulls will continue,
even quite a lot of people are buying altcoins at peak prices. Therefore, when entering the bear market in 2022, crypto prices fell quite drastically,
very much even altcoins fell by 80%. That's because in 2022 many people panic and sell their altcoins at low prices, they feel frustrated and feel
the market will not recover again.

Though such thinking is wrong, if we study with what happened in 2018, where the bear market was quite severe at that time. Whereas for people
who can be patient and still believe in the future of crypto, finally in 2021 they can enjoy profits. So don't repeat the same mistakes, I think we all
have made big mistakes in the crypto world, but don't do it again. Never give up if you make a mistake, get back up right away and fix your mistake.
Therefore if you fail to sell the altcoins you have in 2021, you don't need to be frustrated, all you need to do is just keep holding the altcoins you have
until the bull market comes again, and have to believe that the market will recover again.

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August 17, 2022, 10:19:53 PM
 #191

I'm sure many people here have the same mistake, that is not selling altcoins when the price is at its ATH in 2021,
because that's what I felt and really regretted it! I don't know if I can recover or not, because I'm really frustrated

at that moment we were to confidence bitcoin price will directly hit 80K and followed by altcoin price , all position hold and not take profits at all. greedy make us loss our profits and maybe some of this position become negative floating. this is important lesson for us , always take profits to make our balance growth no matter it show slow progress.
Set out profit taking price level or making out some goals so that you would really be able to sell on the right time or whenever the market do make out a bullish momentum or situation.
Unless if you do hold for long term then you wont really be bothering yourself with these things but if you are that someone who does prefer on seeing profits on short term
then you should really be doing these things and it wont really be that simple as it looks as you would really be needing to deal with moving price or simply with volatility.
Mistakes are common but once we do able to gain experience then you would really be that aware on next time when you do encounter things.

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August 18, 2022, 09:51:02 AM
 #192

What have been your biggest blunders so far when it comes to cryptocurrency? We all know that how much volatile the industry is. And the things that made you regret your decision? Can you share your thoughts, guys?

Mistakes are part of the most rewarding experience. Both in mistakes in making decisions when trading or investing in new projects.
Trading indeed often makes us lose when we take the wrong action to buy or sell. But it really depends on our personality. But investing in new projects is what makes us frustrated, because so many projects fail to launch. In this case, choosing a new project that has future potential is the most important thing.

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sumant
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August 18, 2022, 10:03:59 AM
 #193

Biggest mistake is not to get experienced in crypto otherwise you will definitely going to make some profit. Any project which comes new will going to hype such things like crypto but now crypto has become a very confusion thing. people want to know about crypto and invest in this. What is purpose and usage of this crypto.
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August 20, 2022, 10:12:50 AM
 #194

My big mistake was holding onto squadgame coins when the price was so high but then the price dropped a lot and became a 2$ million scam.Everyone makes some mistakes in cryptocurrency.Others suffer losses while making short-term investments.  Mistakes are part of the most rewarding experience.There are many of us who are always curious about the crypto market.  Loss due to lack of experience.Good profit is expected but later on the market is seen to dump more.  Many fail to sell coins at certain times when the market is pumped.  Now that the market conditions are bad, the prices have come down quite sharply.

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August 20, 2022, 02:19:04 PM
 #195

Although i had make 3 Big Mistake  Grin firstly i had 3 BTC that i had sell around 1500-2000$/btc and invested only 300$
My Second mistake is Buying USD{Luna} at 0.3$ hoping to get it back at 1$
My 3rd Mistake in the Crypto is to forget to Claim My Ens Reward Airdrop that's worth around 2600$  Tongue
That's is some of the mistake i had made Although i am person not go with FOMO but Luna {USD} and BTC although was the biggest mistake for me but i laugh at myself for that situation for Selling my Btc 🥲 but we all human and we all learn from our past experience Thanks alot

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August 20, 2022, 05:20:17 PM
 #196

At starts i make so many mistakes but now i get able to cope with it. At first i hold a coin and then keep holding it because i had no idea that time that if price enhances then we should sell that price to make more investment or to take out own profit. other big mistake i made was that i did not think about the price that is it high or low but purchase coin and it lets to a big loss and as the time proceeds so i realize these things.

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August 23, 2022, 11:34:20 PM
Last edit: August 24, 2022, 10:37:18 PM by NewRanger
 #197

At starts i make so many mistakes but now i get able to cope with it. At first i hold a coin and then keep holding it because i had no idea that time that if price enhances then we should sell that price to make more investment or to take out own profit. other big mistake i made was that i did not think about the price that is it high or low but purchase coin and it lets to a big loss and as the time proceeds so i realize these things.
all traders ever face this problem in their trade history so we should not regret or feel something bad. personally i am face it now , in my everytrade looks wrong meanwhile i am analize and following trend. maybe my psychology influence my trade so better refresh for a while.
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August 24, 2022, 06:49:36 PM
 #198

When I bought xrp at the lowest price and it pumped, I waited to spike more, but suddenly it drops extremely, That's my embarrassing experience in holding/trading in crypto, I have been doing a big mistake, I suppose to bag good profit but suddenly it's gone and my holding locked at the long period of the time.
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August 24, 2022, 07:09:03 PM
 #199

There are so many mistakes that I have made, one of which is very imprinted on my mind and until now I really regret it,
which is selling 100 ethereum at a price of $ 200!, this is why I really want to cry.
and it's really until now i am really regret it, yeah there's nothing we can do anymore

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August 25, 2022, 06:30:39 AM
 #200


Investors often don't take profits. Sometimes we get so excited about our investments growth that we don't take gains price drops. Some days your portfolio is up and other days it's down taking earnings either way is fine removing your initial investment is a profit taking approach If you've achieved your financial target you may decide to withdraw more than the initial investment. If you're investing in crypto to buy a house or pay off debt you may want to sell when the price exceeds your target the market doesn't go up forever so selling is the only way to make money.

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