Biggest mistake in crypto?

[Rampagoe004]

Mistakes in the crypto world, of course, we must have felt all for those who have been there for a long time, and I have experienced an error that does make me regret, namely when we have made a profit on the coin that we have invested in but still maintain to get up to 2x from that time but what happens is the opposite all the profits are lost without getting anything, of course this is very painful, then greed is indeed a very detrimental thing.

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[LogitechMouse]

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 buying coins last March-April 2020.

I have some mistakes already in crypto but so far this is my biggest mistake. I don't have cash at that time and as the WHO declared a pandemic, market starts to crash. My mistake is that I didn't have some cash at that time and all of my money are already into crypto. If only I have some cash in hand at that time even only 50$, it would've went up 10x or even higher depending on the price I sold my holdings but unfortunately I did nothing at that time.

Now we have given another opportunity to buy Bitcoins and some altcoins at a lower price. Take the opportunity because this happens only once every few years. If you have some cash on hand, use it to buy crypto as long as it is spare money.

[Gayong88]

The best way to learn and avoid this mistakes is to read as much information as possible and we need to look at every move with optimistic eyes and remember that we have very little knowledge of what will happen next. There are literally thousands of different coins out there, it's essential to grab the one that suits you best and think long term.

[TopT3ns]

So far the biggest mistake I've made in the cryptocurrency world is that I invested in a mining site and it ended in a scam, and some trades that were too fast to make a profit withdrawal even though I could have made more profit if I didn't sell it too quickly at a cheap price, something happened. in cryptocurrency it must be full of calculations and considerations.

[bounceback]

Mistakes in the crypto world, of course, we must have felt all for those who have been there for a long time, and I have experienced an error that does make me regret, namely when we have made a profit on the coin that we have invested in but still maintain to get up to 2x from that time but what happens is the opposite all the profits are lost without getting anything, of course this is very painful, then greed is indeed a very detrimental thing.

Making mistakes as you mentioned I think almost everyone in this forum must have felt it as well as me personally because basically every human being cannot be separated from the nature of greed, but so far I don't want to make that mistake so when making an investment with some coins if the coin has given me a profit I immediately sell half of it and the rest I hold hoping the price can go higher.

[Lubcub62]

The mistake I've ever experienced and made me lose is

- Greed -
When I first got into crypto trading I started out with greed. i.e. want to make big profits in a short time. and it turns out after i got it. I want more and more. and in the end I ended up losing a lot.
from that experience I began to learn to control my emotions and greed. so I finally got used to the market conditions and could be better at trading. even if you lose sometimes.

[Kelvinid]

So far the biggest mistake I've made in the cryptocurrency world is that I invested in a mining site and it ended in a scam, and some trades that were too fast to make a profit withdrawal even though I could have made more profit if I didn't sell it too quickly at a cheap price, something happened. in cryptocurrency it must be full of calculations and considerations.

You should not let your emotions control you, not in this case especially when it talks about money management. It is somewhat needed for you to become strong in the situation of making decisions and thinking wisely.

In fact, for me, I've tried different things just to earn money, I've tried trading which makes me down for a few days before I move on. Now I'd realized how important to have knowledge before doing things like trading. We should also consider our capabilities on what things we can do, or else we just ended up losing and regrets.

[proTECH77]

I refused to sell when the price is high is my biggest challenge in cryptocurrency which I have learnt my lesson never to hold my coins when the price is high in the market. Many people were releasing their coins for sale because the price has moved higher but me, I was expecting the price to move higher than it was before I can sell to make a good profit but I ended up in pain and regret because I refused to sell when the price was good but I was waiting for the price to go higher before I can sell. Now that the price of altcoins is preparing to increase higher in the market, I don't think I will Miss this opportunity because am fully ready to sell to make profit the moment the price increase to $20k.

[sana54210]

Mistakes in the crypto world, of course, we must have felt all for those who have been there for a long time, and I have experienced an error that does make me regret, namely when we have made a profit on the coin that we have invested in but still maintain to get up to 2x from that time but what happens is the opposite all the profits are lost without getting anything, of course this is very painful, then greed is indeed a very detrimental thing.

Waiting for it to keep going up is both a mistake, but also not a mistake at the same time. If you are a long-term investor then you shouldn't worry about the crashes. By that logic, Warren Buffet held coca cola, geico, Gillette and so forth stocks for DECADES now, and didn't they drop too? Of course they did, like look at 2008, everything went low but he didn't sold those and still kept on holding it.

We could be like that, if the things that you buy and profit and did not sell so they went down still somehow ends up in the profit long term then you have done something correct. It is the ones that doesn't recover which creates the problems for us.

[Cling18]

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?

My biggest regret so far was not buying bitcoin while its price dips into $3k. I may have owned a lot of bitcoin at the moment if i did take the risk that time. But still, i make sure i was not stucked with that regret, as i always take every opportunity that comes, and buys in every dip. What could be more regretful is that you keep on missing chances when you already know that its worth to buy, and yet you never take the risk and chances.

I have also the same regret. I have known Bitcoin for a long time but I missed the opportunity of buying it when its price was so cheap because of doubt which I really regret until now. I guess we all have the same regret and if only we bought at its low price years ago, we might be millionaires now but I believe in fate and there's a right time for everything.

[tvplus006]

I have also the same regret. I have known Bitcoin for a long time but I missed the opportunity of buying it when its price was so cheap because of doubt which I really regret until now. I guess we all have the same regret and if only we bought at its low price years ago, we might be millionaires now but I believe in fate and there's a right time for everything.

There is no point in regretting what happened, the main thing now is not to make such a mistake. Otherwise, after a certain time, you will once again regret that you did not buy BTC now, although you already knew that it would be an excellent investment in the future.

[Jocuserious]

Biggest mistake was 2017 in my crypto life because this year was fantastic green market with biggest bull run for all coin. If i could invest a lot of money in the year 2017 then i would be rich today. In fact i had a financial crisis of this year but i know many investors was gainer of the year 2017.

[pantek talacuik]

Mistakes in the crypto world, of course, we must have felt all for those who have been there for a long time, and I have experienced an error that does make me regret, namely when we have made a profit on the coin that we have invested in but still maintain to get up to 2x from that time but what happens is the opposite all the profits are lost without getting anything, of course this is very painful, then greed is indeed a very detrimental thing.

It's everyone's fault to make a choice of what they will lose or make a good profit later. but I think more about everyone's patience to wait for what they have been holding. there a test will come to you. I also think about crypto that you can't guarantee the price will grow or fall according to your expectations.

[wxa7115]

Biggest mistake was 2017 in my crypto life because this year was fantastic green market with biggest bull run for all coin. If i could invest a lot of money in the year 2017 then i would be rich today. In fact i had a financial crisis of this year but i know many investors was gainer of the year 2017.

A lot of people made mistakes during that year, whether they decided to invest in the wrong coin as they let hype to get the best of them and not invest everything in bitcoin and then they lost a massive amount of money, or they did not thought too much about the bull market back then and they missed the opportunity to invest in it and obtain huge profits.

But whatever the case you need to learn to let go of the past because that opportunity will never comeback, however new opportunities will in fact present themselves and now we need to be smart enough to be able to take advantage of them before they appear.

[sulendra12]

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?

Probably people have same experience with me, but in 2017-2018 when I was didn't know anything about Bitcoin and the price crashed on that day was really bothering and burdened me a lot until today, but I don't mind it anymore since I have gotten so far better because of that incident. But still if volatile wasn't a thing in Bitcoin, no one would had ever gotten profit from this thing.

[Untomabur]

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?

My biggest mistake was in 2022, because I'm sure I'm not the only one who has experienced it,
even some people here have experienced it, too! namely holding coins since 2021, and thinking 2022 will go to the moon,
hahaha and in reality it's even to the hell 

[Xal0lex]

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.

There is another side to this case. When you buy an asset and it begins to fall, first you lose 0.5x, then the price falls by a factor of 2, by a factor of 2.5, etc. And the investor sells, fixing losses and supposedly saving at least part of his deposit. But then the project hits rock bottom and starts to grow and you are already out and then FOMO hits you, because you not only made a loss, but also did not get a solid profit, which the project gave, if you had waited a bit. So the approach you describe is not really justified. I've been caught in 2021 a couple of times myself.

[typerex987]

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?

My biggest mistake was not paying attention to projects like Point Network

[MCobian]

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?

My biggest mistake was in 2022, because I'm sure I'm not the only one who has experienced it,
even some people here have experienced it, too! namely holding coins since 2021, and thinking 2022 will go to the moon,
hahaha and in reality it's even to the hell 

What you say is true, because I believe a lot of people are buying coins in 2021 when the price is high, and hope that by 2022 the price of
the coins they buy will rise much higher. The reality is that since entering 2022, the market became bearish and all coins experienced a very
significant decrease. Actually it doesn't matter if in 2021 we buy top coins, even though the price has fallen this year, at least we are still optimistic
that the price will recover again. What is dangerous if we buy shitcoin or new coins in 2021, it is possible that in 2022 we will experience very large
losses and even if we want to sell it is very difficult, because the demand is low. Take our mistakes as valuable lessons and don't repeat them again.

[reza7777]

According analysis that I did, I think that everyone in crypto makes only one mistake, namely that many of them are too greedy so they forget when to sell and when to buy. looks simple but it's actually very difficult