Biggest mistake in crypto?

[Xal0lex]

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?

The biggest mistake in cryptocurrencies, especially altcoins, is greed. The desire to get more and faster. Many of us outlive trends and when a good opportunity to sell coins at a good profit comes, we don't do it. If they manage to earn x3, investors keep on waiting for x10, if they manage to earn x10, investors keep on waiting for x25, etc. This is the big mistake, and then these same investors get caught up in FOMO, and they start counting how much they would have earned if they had withdrawn the money in time.

[Awaklara]

The biggest mistake in investing in crypto is not getting Bitcoin when it's still very cheap and releasing assets easily because of the panic that occurred when there was Fomo about regulation that was happening in Crypto so it made me regret that at that time I released a lot of assets because some countries banned Crypto so at that time the price dropped very deep and the biggest mistake was not to repurchase which made me slightly regret the decision I made because I was less optimistic at the time.

[erep]

The biggest mistake in cryptocurrencies, especially altcoins, is greed. The desire to get more and faster. Many of us outlive trends and when a good opportunity to sell coins at a good profit comes, we don't do it. If they manage to earn x3, investors keep on waiting for x10, if they manage to earn x10, investors keep on waiting for x25, etc. This is the big mistake, and then these same investors get caught up in FOMO, and they start counting how much they would have earned if they had withdrawn the money in time.

Greed is the worst way of trading and investing activity because they don't realize the impact of the risk of loss without recovery if investing in new altcoin and low volume, not all altcoins are worth holding long term for higher profits but worth taking profit if you already get 2x profits, many traders Beginners are attracted to FOMO for new project investments because of the lure of high profits but that eventually losses await them.

[fedelowe]

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?

not to invest in NFTs, they are only getting on the market and so many new things being created with nfts and in sometime, it will cost a lot of money

[SistaFista]

I don't know if it is the biggest mistake or not :
Bought LUNA coin and planned to hold it for long time, and boom, the coin price has been dumped.
With this, i learned that it is very important to check your coin sometimes, not just holding like we forget about it.

[iphone5s]

I don't know if it is the biggest mistake or not :
Bought LUNA coin and planned to hold it for long time, and boom, the coin price has been dumped.
With this, i learned that it is very important to check your coin sometimes, not just holding like we forget about it.

You have to be careful with what you want to invest later. There will be many things that will happen later and see the price decrease or you get a big profit later. so you should continue to monitor what you have.

[glendall]

the biggest mistake and always make me lose money is being greedy in taking profit on one coin it can be said to just take a screenshot when the asset is up 50% not releasing it hoping to get 100% even more than that

[gurunanakji777]

There are several mistakes I did in the past 5 years of my crypto trading. Several times I got the chance to make huge money but I missed it thrice because of my greed for more now I can say I learned a bitter lesson now my condition is like do not wait when achieving your fixed target. We should learn from our mistakes and should not be enticed when there is an aggressive move in the market always book the profit at the right time so that will not repent later on. I hope in the next bull market I will not repeat my mistakes again. My biggest blunder was not to sell my DeepOnion coins I was waiting for more push but now the value of DeepOnion is approx 0.10 cents but I did not sell it in even 8$ per coin. I have 300 DeepOnion.

[Balmain]

It's a good question and a good topic. One of my own mistakes is usually waiting a long time not to sell profits, when I decide to sell profits it's usually late, often I can't keep up with this volatility and I'm not afraid to say it openly. I rarely get fomo this once happened for doge coin I bought Doge coin with most of my assets and expected 2x rise but it was totally a mistake already.

[doomloop]

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?

What kind of mistakes we are looking here? The one that is only related to trading or investing? Or this is general? Like mistake of not believing in crypto as early as possible? If both are allowed then yes that is also one of my mistakes here and I considered it as my main mistake.

I realized that time is important here in cryptos. The earlier you get in the more the profit can come to you because at the beginning most cryptos are still cheap in value. Good cryptos like btc started with a zero value then it moves in cents and so on. The second one would be mistake in selling my coins thinking that it was already their highest. It was not top coins though, that is why.

[virasisog]

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?

There are lots of mistakes that I made when it comes to cryptocurrency. One of those is when I missed the opportunity to buy a potential coin during the bear market and bought it during the bull season because of the fear of missing out. I listened to the trend without analyzing the market situation. The good thing about that mistake is that I learned how to deal with every market situation by knowing when to buy and when to sell.

[erep]

There are several mistakes I did in the past 5 years of my crypto trading. Several times I got the chance to make huge money but I missed it thrice because of my greed for more now I can say I learned a bitter lesson now my condition is like do not wait when achieving your fixed target. We should learn from our mistakes and should not be enticed when there is an aggressive move in the market always book the profit at the right time so that will not repent later on. I hope in the next bull market I will not repeat my mistakes again. My biggest blunder was not to sell my DeepOnion coins I was waiting for more push but now the value of DeepOnion is approx 0.10 cents but I did not sell it in even 8$ per coin. I have 300 DeepOnion.

You may not focus on taking 3x profit because you are interested in following news trends about new rich people from altcoin holders in the last few months, I also have the same experience but in the future I will apply a trading pattern to take profit even though it is above 10%. Aggressive movements in the unpredictable market have caused some people to lose funds from futures trading

[isaac_clarke22]

Focusing too much into altcoins. Sure there were a lot of opportunities for me due to tremendous amount of coins out there, but in the end, many ended up to be just a shitcoin. I am not into hyped and all that kind of shit, that is why I really regretted in these decisions as an uninformed individual back then.

[blockman]

the biggest mistake and always make me lose money is being greedy in taking profit on one coin it can be said to just take a screenshot when the asset is up 50% not releasing it hoping to get 100% even more than that

That's because it's part of us, we all want to have more profit despite that it is already in front of us that we can take it out. But because of greed, we tend to lose and miss that part of taking those profits that should be for us.
It's a mistake but teaches us a lesson that this market is truly volatile and you shouldn't missed that part of making profit or else you will have to wait again for a quite awhile before it happens again.

[poodle63]

the biggest mistake and always make me lose money is being greedy in taking profit on one coin it can be said to just take a screenshot when the asset is up 50% not releasing it hoping to get 100% even more than that

sounds ridiculous but that's happened quite frequently. most of us, if encountering such chance of making profit just documenting it, and instead refuse in realizing that profit. the end result as you already know going down instead.
the nature of investing is always like that, it always goes against our investment planning, we think it gonna have even higher bullish, but in the end it goes down instead.
that's the reason greed isn't really a good thing in investing, it always incur loss at the end of the day.

[jaberwock]

Mistakes like this will not happen if people start to come here with a complete understanding, more responsibility to each other, because in the cryoti room only we can control anything, that's why I say knowledge is important before we enter crypto, how many people who are successful in investing are not born by themselves, but they learn the investment work system, even know in advance the coins they want to invest in

Unfortunately people do not come in here with that much knowledge, they come in here with the idea that we are going to end up with a profit or not eventually and that is all there is about the current situation. I feel like we should be avoiding such newbie mistakes and just focus on profit, we should be learning a lot more about reading on a project and figuring out if they would be great in the long run, and learning about fundamental analysis of crypto as well.

Those things matter a lot and if do not really care about these and look for them carefully then we are not going to make the profit part neither. Newbies needs to spend a bit of time before they invest in order to learn this.

[m2017]

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?

The biggest mistake in cryptocurrencies, especially altcoins, is greed. The desire to get more and faster. Many of us outlive trends and when a good opportunity to sell coins at a good profit comes, we don't do it. If they manage to earn x3, investors keep on waiting for x10, if they manage to earn x10, investors keep on waiting for x25, etc. This is the big mistake, and then these same investors get caught up in FOMO, and they start counting how much they would have earned if they had withdrawn the money in time.

And you exactly noticed it. Perhaps, who at least once bought altcoins experienced what you describe on yourself. There will always be little greed inside the investor of any X-s.

I would also like to draw attention to the other side of this issue. When an altcoin makes a x0.5 loss (), it's hard to accept your mistakes and sell it at a loss to avoid even bigger losses. As a result of the further fall of altcoin, the losses become -x1.5, -x3 and so on. As a rule, the hope that the price will recover is deceptive and it is best to get rid of the unprofitable asset before it is too late and switch to something else.

[funteki]

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?

buy the dip, not to do deep research on new projects, buying on the wave of hype

[19Nov16]

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?

buy the dip, not to do deep research on new projects, buying on the wave of hype

When the market is rising usually makes us interested in buying, on the contrary if the market red then many panic and sell even though the loss, this is a panic strategy to buy and sell, and I suggest to do the opposite, that is when buying is at a cheap price that is when the market While red and sells when an increase occurs, of course the profit target depends on what you want, but I think 7% is an easy target to achieve.

[Outhue]

Just as the others of selling too early, not selling at ATH and not buying when it's totally low. That's the same mistakes as the others and you'll hear that at most times.

And that's going to come from new investors and as well as old investors that have been there for several years. This mistake for sure will happen again in the next upcoming years.

Not buying when its totally low? How will you know that crypto is totally low already? Even if one is a chart professional there is a chance you could be wrong, the best way to buy crypto is using accumulation skill, don't buy at one, buy at every dip because you won't know which dip will be the last.