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Author Topic: Biggest mistake in crypto?  (Read 1611 times)
decodx
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October 02, 2022, 09:45:44 AM
 #281


If you want to be a good trader you must be committed in some aspects among them one is selling your assets at a certain level. We often deviate from this track. Sometimes even if the profit is more than 50%, we wait for more profit without selling it. In return we fail to profit. Although many people consider it simple mistakes but it is definitely the biggest mistake trading business.

It's hard to remember how many times in the past I've made this mistake, and each time it was a lost profit. Now I try to take profits from every trade, sometimes I do it too early, but I do not miss the opportunity. When it comes to altcoins, then it almost always short term trades with stops and that's why it works for me. If we are talking about bitcoin, then I buy it for the long term and do not worry about short-term movements.

The trading crypto market is always in tension and money comes quickly, but also can disappear quickly, if you are not careful. The most important thing is to be disciplined and not to blindly trust the situation. The mistake most people make when first starting out is letting their greed get the best of them, and thinking they are always right. This especially holds true in a bear market as coins continue to go down, and everyone is trying to get out of the market. The most important thing is not to panic when the crypto markets go down and not to become greedy when the market goes up—and finally, always stay disciplined and do not let your emotions get the better of you.
Smitty Werben Man Jensen
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October 02, 2022, 10:09:56 AM
 #282


If you want to be a good trader you must be committed in some aspects among them one is selling your assets at a certain level. We often deviate from this track. Sometimes even if the profit is more than 50%, we wait for more profit without selling it. In return we fail to profit. Although many people consider it simple mistakes but it is definitely the biggest mistake trading business.

It's hard to remember how many times in the past I've made this mistake, and each time it was a lost profit. Now I try to take profits from every trade, sometimes I do it too early, but I do not miss the opportunity. When it comes to altcoins, then it almost always short term trades with stops and that's why it works for me. If we are talking about bitcoin, then I buy it for the long term and do not worry about short-term movements.
But we must also be aware that mistakes are also part of the process.
it all depends on us and learning from mistakes is important so as not to repeat the same mistakes in the future,
Bitcoin for long term investment is very suitable and it is profitable

JustEducated
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October 02, 2022, 10:23:58 AM
 #283

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?

To me the biggest mistake one can make is investing in a project without proper analysis.

So investors, most especially newbie who are looking for project to invest tend to make this kind of mistakes, they just look at what social media is saying about such project and then invest in it without even conducting their own personal research.
BobK71
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October 02, 2022, 11:06:01 AM
 #284


If you want to be a good trader you must be committed in some aspects among them one is selling your assets at a certain level. We often deviate from this track. Sometimes even if the profit is more than 50%, we wait for more profit without selling it. In return we fail to profit. Although many people consider it simple mistakes but it is definitely the biggest mistake trading business.

It's hard to remember how many times in the past I've made this mistake, and each time it was a lost profit. Now I try to take profits from every trade, sometimes I do it too early, but I do not miss the opportunity. When it comes to altcoins, then it almost always short term trades with stops and that's why it works for me. If we are talking about bitcoin, then I buy it for the long term and do not worry about short-term movements.

The trading crypto market is always in tension and money comes quickly, but also can disappear quickly, if you are not careful. The most important thing is to be disciplined and not to blindly trust the situation. The mistake most people make when first starting out is letting their greed get the best of them, and thinking they are always right. This especially holds true in a bear market as coins continue to go down, and everyone is trying to get out of the market. The most important thing is not to panic when the crypto markets go down and not to become greedy when the market goes up—and finally, always stay disciplined and do not let your emotions get the better of you.

People who are new to cryptomarkets can't handle emotions most of the time. If the market is up then they are more bearish and when the market starts to come down then they start holding panicky. But what should be done is to sell your asset when the market is going up and sell it only when it starts going down. If it is different, you will be exposed to loss.

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blockman
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October 02, 2022, 11:23:28 AM
 #285

I've always struggled to survive in a bear market. This is my second time at the bear market. I think it's quite unfair with these two seasons, the bear market lasts more than two years while the bull market lasts less than a year which makes this really not a main source of income. The regret is that I don't want to continue to make crypto my main source of income.
There's nothing unfair that I can see, if it's your second bear market. Then I think that you're at advantage right now because you know the drill and you know what exactly is happening. But it's true that whenever we're on this season, it's exhausting and also destroying too many hopes from the past bull run, this makes everyone think that it's going to be the end of the market especially the first timers. But if you've seen it before, you know what's next to come and we're going to be in the cycle soon and bull run is imminent so, prepare for it and don't make yourself uncomfortable from it.
Wong Gendheng
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October 02, 2022, 01:02:06 PM
 #286

Most mistakes in cryptocurrencies that I often experience are impatient to wait, when I think that the price will rise but it turns out the price of drops then I can't wait so it immediately sells, I think this technique is not in accordance with the coins that have a large marketcap because it will usually recover again.
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