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Author Topic: Be open to any possibility  (Read 481 times)
vanesha
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August 16, 2022, 10:34:32 AM
 #41

not only you, a lot of people couldn't expect it to happen and just regret why not hold their dogecoin until Elon Musk arrives. but this is not the end, we can learn to get better at investing from dogecoin, no matter how bad the cryptos are, they can surprise us in the future.

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August 16, 2022, 10:45:11 AM
 #42

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO...

I am sure that if you had opened a topic 10 years ago with the question whether BTC could reach the price of 70 thousand dollars, you would have heard exactly the same answer. Although there is undoubtedly a huge difference between BTC and a meme coin, the price of which is determined by a pump&dump.

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August 16, 2022, 11:14:50 AM
 #43

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.

I don't know about coins that have no use because, at the end of the day, when there will be no promoter of those coins anymore, they will eventually become shit coins. But it's different when it comes to some coins that have true agenda where they had been making true development throughout the years and the result is, that their popularity is increasing and their market is gaining more liquidity. But the problem is when at their starting point, you cannot distinguish them from fake ones until these coins become successful in the future. when that time comes, too late for small-time investors because the coins are already costly.
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August 16, 2022, 11:46:31 AM
 #44

Well, it's a lot easier to adopt analysis on stuff that would make sense compared to, well, something that doesn't. Not that I'm denying it or anything, it has happened already after all but it also doesn't deny that Doge was simply a pump and dumb cycle repeat without any sense. I mean you yourself sold it so you also saw that it isn't exactly something you would have held and judged that there was no sense in holding it (and might've been better for other assets).

I don't really think you selling them back then was a mistake OP, rather you regretting it right now and blaming what, others, maybe yourself as well for not seeing the future, well now that's a mistake. No one can see the future in the first place.

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August 16, 2022, 12:27:45 PM
 #45

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
We realize such mistakes when the price of the coins that we have before has gone up high, and it didn't just happen to dogs, but almost all cryptos at that time had very high prices. besides that even though doge is a meme coin, but doge has lasted a very long time. we do not know what potential will come in a coin until investors glance at the coin. The price of the doge became high due to Elon Musk's push, and no one thought that the price would get any higher. Yeah, but I understand why your perception is like that, I've made mistakes like that too. however, not all coins will have the same potential as doge coins. Personally, I still hold onto some coins that were once valuable, and are currently becoming worthless. it depends on the type of coin you have.

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August 16, 2022, 12:32:01 PM
 #46

When discussing or talking about Dogecoin, I think that everyone has fallen into the whale trap, after Elon Musk's tweet, there was a sharp increase in the Dogecoin movement, and the whales were waiting for the moment where and when to drop the price when everyone fell into the trap of big investors, that's the crypto world where everyone is elbowing each other, to get something big, someone has to be a victim..

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August 17, 2022, 09:56:55 AM
 #47

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
Once invested in any shit coin and your able to make a X10 or X20 profit to your capital, I think you should see it as a profitable investment and not regret if the token get more pumps. Leaving a bit behind is under a probabilism and agreement of accepting the lose that may follow if project is being discontinued.
There is a good chance that we could end up with a huge loss if we aim at those that could make us 10x or 20x profit. I am not saying that we will, but there is a good chance that we may. We shouldn't be risking it that way if you ask me, it is a lot better to just focus on what we can do, and not what may fail to see.

Some small cap stuff could get me 100x profit too, there is no reason why it shouldn't if there is a whale buying it, it is "possible". But more often than not, we are going to end up seeing a horrible drop and it is going to be a bit of a problem for my overall portfolio value, I would need all others to go up a bit to get back that eventually.

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August 17, 2022, 10:00:22 AM
 #48

Don't do all the good investments without praying for luck, this is all I have to say, luck is very important in this space because even the most hated project can open the door of changes for you, I've stopped listening to people who says that this is what you have to invest money into to be rich or that, the biggest projects I made money from are not been talked about on here.

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August 17, 2022, 10:21:22 AM
 #49

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
In my own view, if it feels enough profit then it would be better to take it more (sell). My reason is more to secure profit, because my thinking is more about the risk. As we know crypto prices are very volatile, so it's rare that it's better to take the best possible profit opportunity and try not to regret afterwards.
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August 17, 2022, 10:37:22 AM
 #50

When discussing or talking about Dogecoin, I think that everyone has fallen into the whale trap, after Elon Musk's tweet, there was a sharp increase in the Dogecoin movement, and the whales were waiting for the moment where and when to drop the price when everyone fell into the trap of big investors, that's the crypto world where everyone is elbowing each other, to get something big, someone has to be a victim..
This is a common thing that I often encounter. The right time is one of the most influential factors in the fate of our investment. If we are late, then be prepared for the losses we will get. But if we enter at the right time then the benefits will come. But not everyone is aware of this, they tend to force entry even though they know the risks that will occur.

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August 17, 2022, 11:21:44 AM
 #51

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.

I definitely agree that everything is possible in the crypto world. I would guess that no one would have imagined like 12 years ago that someday bitcoin will be worth 20k or 30k per coin, but that is also the big problem of course. In hindsight everything makes sense and now you think, why did i not buy 1k bitocin back in 2012 or why did i not keep my Dogecoin until they were at 0,70$, but of course that is not realistic. People that bought a serious amount of crypto 10 years ago took a huge risk and of course they are now heavily rewarded for it and are rich now, but the chances for that were very slim.
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August 17, 2022, 11:30:46 AM
 #52

I feel it too. have some coins with a large number like you. The cryptocurrency market is still in its infancy and the competition is intense depending on our expertise/knowledge and goals alone. However, there are some coins that are pegged to succeed on their business model or feature. A wise investor knows that no investment is guaranteed, and there is a risk of losing money. The best strategy is to diversify your portfolio across many different cryptocurrencies, and not invest more than you can afford to lose.

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August 17, 2022, 11:47:19 AM
 #53

I feel it too. have some coins with a large number like you. The cryptocurrency market is still in its infancy and the competition is intense depending on our expertise/knowledge and goals alone. However, there are some coins that are pegged to succeed on their business model or feature. A wise investor knows that no investment is guaranteed, and there is a risk of losing money. The best strategy is to diversify your portfolio across many different cryptocurrencies, and not invest more than you can afford to lose.
Well, a smart investor won't just look for tomorrow but they consider the future happenings. That is why they are not preferred to invest in projects in the short-term but rather invest in a long-term deal. And why? Because they are absolute that they could earn more applying this strategy rather making themselves to buy now and sell later, as they want to buy now, hold, and sell them in the future ( when prices multiplied several times).

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Morningstarr
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August 17, 2022, 11:52:31 AM
 #54

I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
If we think in this way the matter does not end there many possibilities could have arisen, For example, let's say you made a good profit by selling Doge at $0.70 and after some time the price of Doge is down to $0.08 You will consider yourself lucky but as the market improved, the price of Dodge hit $1 at some point you will regret it, but the chances of that happening are 1 in 100 percent for coins like this, so that's why get rid of the thinking and choose a project for investment that has a long-term plan You must trust your research and set the target where you want to invest or get profits. Many coins are pumped but disappear after some time because they don't have any plan and I don't think sensible people ever pay attention to such coins.
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August 17, 2022, 05:04:02 PM
 #55

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.

Assuming the reverse was the case would you still feel the same as you feel with regrets now? i think what is most important is doing what you feel is right and don't be too regretful.
The fact is, it is not easy to know the future performance of a certain project, dogecoin was not expected to reach such a price level few years back mainly because of its nature of being a meme coin, many people never see it to be that worthy to hold, but crypto is full of surprises but it is not a reason to jump into any worthless project just because.

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FanEagle
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August 18, 2022, 05:26:55 AM
 #56

not only you, a lot of people couldn't expect it to happen and just regret why not hold their dogecoin until Elon Musk arrives. but this is not the end, we can learn to get better at investing from dogecoin, no matter how bad the cryptos are, they can surprise us in the future.
Yeah but that's still remain unpredictable. I meant people can easily think that if any coin can go moon but the fact that if that was also following the trend. Once bearish trend was coming and is there a coin that can be pumped so hard?
Any surprise can happen but there would always be a reason why the pump can happen. The whales will not pump token without any reason and i think people know that so well.
I do agree that it is not going to be easy, many people think that pump equals bull run starting, and it might be or maybe it is not, but I wouldn't advise anyone for the time being. I personally do hold mine and keep on buying more, but I am weird in that regard, I would buy more if it was 100k right now too, I just like getting more.

I aim at having 1 full bitcoin eventually, and to do that the price of bitcoin going up doesn't help me Cheesy. and that is why I keep on buying. But to people who are only interested in making quick decisions, I can't say if right now is great or not, I wouldn't know, doesn't look like there is a clue somewhere that can show us what's the reality.

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August 18, 2022, 06:17:13 AM
 #57

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
Of course it would have been no. Who knew Elon would one day show support for dogecoin. This was a rare thing. Look at how many meme coins there are in the market. Look at how many "stupid coins" (the ones you are talking about) there were back in 2017. How many of them survived? Literally none! So lets say you invest a little on all of those shitcoins and only one of them made it while the rest died, you will still make nothing since your profits cancel outs with all those loses you made.

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August 18, 2022, 08:15:03 AM
 #58

Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.

Assuming the reverse was the case would you still feel the same as you feel with regrets now? i think what is most important is doing what you feel is right and don't be too regretful.
The fact is, it is not easy to know the future performance of a certain project, dogecoin was not expected to reach such a price level few years back mainly because of its nature of being a meme coin, many people never see it to be that worthy to hold, but crypto is full of surprises but it is not a reason to jump into any worthless project just because.
We can only regret what we've done in the past but don't forget that we still have a future that will be better than the past and present if we keep trying in earnest. We must learn from our experiences and those of others so that it can be useful for us in improving our analytical skills. Besides, it's all happened and there's no point in regretting it over and over and remaining confident that our future will be better.

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August 18, 2022, 08:30:25 AM
 #59

Almost everyone who knows crypto has experienced the same thing as you, selling assets at the wrong time is very painful when we find out when he was pumped so crazy a few months later, but it's a choice we make, why regret what have done in the past, because time will never repeat itself.
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August 18, 2022, 09:26:29 AM
 #60

We can only regret what we've done in the past but don't forget that we still have a future that will be better than the past and present if we keep trying in earnest...

Even now, when we sell or buy a coin, after a relatively short period of time, we clearly see our mistakes and lost profits. All these mistakes should help us to avoid them in the future and we do not need to dwell on it, otherwise we will not be able to move forward.

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