My thoughts and now my experience.

[Silberman]

Hello everyone I joined this forum over a year now and I was very excited to join. I warmly by the forum members and I felt very welcomed. I had great ambition oh well I think my ambitions were overly much.

I had some thoughts about cryptocurrency and I thought they were enough for me to achieve all I had come here for.
I didn't spend much time and jumped into the crypto market and I guess it swallowed me. I ventured into investing, trading, schemes and everything that I thought would give me profits. How wrong I was, I made bad investments that were from my imagination that anything I touched in crypto would favour me all I had to do is buy a low and affordable coin and hold.

Long story short I have some coins in my possession that are dead and from reality now those coins won't rise again.

Your story is very common, many people come to this market thinking about all the money they can make but they never think about all the money they can lose, and this is very disturbing, because if you take a look at the statistics about the overall success of anyone that tries to trade or to invest you will see that the majority of people do not really get good results, and this is because they are so blinded by their greed that they try all kinds of methods to make money without really knowing what they are doing, and instead of getting profits what they do is to accelerate the rate at which they lose money, and only once they have lost most of their capital that is the moment when they begin to think about all the things they have done wrong.

[fuguebtc]

...all I can say to the newbies is that grow your brain before you try to grow your portfolio.

Good advice, but i believe newbies will be just like you, only after experiencing bitter loss of money will they realize that new knowledge is the first thing required in this market before you want to grow or earn money in the market. I myself used to be like that, didn't listen to anyone's advice, just followed what I thought and only when I really lost did I realize that everyone's advice is correct word for word. That's why I have very little advice for newbies, I also want them to experience to have the most authentic view of the market, I think there is no better free lesson than a paid lesson.

[Kelvinid]

...all I can say to the newbies is that grow your brain before you try to grow your portfolio.

Good advice, but i believe newbies will be just like you, only after experiencing bitter loss of money will they realize that new knowledge is the first thing required in this market before you want to grow or earn money in the market. I myself used to be like that, didn't listen to anyone's advice, just followed what I thought and only when I really lost did I realize that everyone's advice is correct word for word. That's why I have very little advice for newbies, I also want them to experience to have the most authentic view of the market, I think there is no better free lesson than a paid lesson.

It was very common for us, we tend to open our minds and be even more careful after tragic losses. I understand this thing as I was also in that situation before but yes, as long as we do listen to others and are able to anticipate any possibilities that will happen next, in this way we minimize the risk and unacceptable ending.

We probably don't have a good start investing crypto but at least we still able to survive and continue trusting despite the bad experience.

[meser#]

Emotions isn't on your side when you are trading on cryptocurrency. When you find out it, you are better than most of the traders. Arrogance, is rival of success. When you say im done i can do it! The reality take you down. The news might be trap sometimes, but sometimes it might be your savior. Researches is like a flashlight it will light your way. Your lessons is may be expensive for you now, but in the future it may be worth nothing to you. Nothing goes up forever or goes down seven floors; unless it's a shitty project :')

[gunhell16]

Not every cryptocurrency that you can find in the market will give you profits, especially if you're doing spot trading and hodling, buy low sell high kind of strategy. That's why I agree that you need to make a research first before buying anything in the market. It's better to confidently hodl your coins in the long run because you know their potentials, unlike if you'll by random coins thinking it would go the moon in the future.

That's why it is said that all altcoins here today in cryptocurrency always have an attached risk. It is really necessary as an individual trader that you know how to read movement on a chart or graph because if you can do this, you will know when to buy and sell.

Then it's different what you want to earn in the future and when you see that you got it first, you will wait for it to go down again depending on the desired price of the token you want.

[BobK71]

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

Your thoughts are appreciated. You may have learned by losing. If things were known earlier, this situation might not have happened.
Numerous coins are added to the crypto market every day, buying some cheap coins and then holding them for a long time will not always give you success. Because shitcoins can die anytime. That's why you needed someone's help. Maybe you wouldn't have lost everything if you could have made a coin selection. That's why the first condition of the crypto market is to get an education. Hope you can overcome such situations in the future.

[carlfebz2]

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

Your thoughts are appreciated. You may have learned by losing. If things were known earlier, this situation might not have happened.
Numerous coins are added to the crypto market every day, buying some cheap coins and then holding them for a long time will not always give you success. Because shitcoins can die anytime. That's why you needed someone's help. Maybe you wouldn't have lost everything if you could have made a coin selection. That's why the first condition of the crypto market is to get an education. Hope you can overcome such situations in the future.

Dont really make yourself believe that money making here on crypto space would really be that simple yet this is something that you cant really just able to handle it out.Investing on new projects or low cap ones

doesnt really guarantee success and if we do compare out in speaking with risk into those established coins in the market then there's soo much difference in terms to that but of course we arent seeing on that one

but rather seeing on the possible returns of our investment which would really be acquired into those low caps which we do really like to have that 2-100x or more kind of return.
This is why people do really make out choice to have that kind of decision.

[GeorgeJohn]

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.

Theirs no way you can learn the basic things of cryptocurrency and succeed for cryptocurrency trading and other things concerning cryptocurrency, and therefore surviving in cryptocurrency you have to know the primary thing and in exception of that, i believe that you will totally lose all your funds without any realizing your mistake.

[Hamza2424]

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.

Theirs no way you can learn the basic things of cryptocurrency and succeed for cryptocurrency trading and other things concerning cryptocurrency, and therefore surviving in cryptocurrency you have to know the primary thing and in exception of that, i believe that you will totally lose all your funds without any realizing your mistake.

That's very much straight forward point of view as you know the most famous dialogue is Learn and then Earn i think that true at some instinct but if you are going for the courses to learn by paying  so bro There Nothing Left except for the Learn L is the Only thing dont be double minded. Learn is going to be from Experience.

[ShowOff]

That's very much straight forward point of view as you know the most famous dialogue is Learn and then Earn i think that true at some instinct but if you are going for the courses to learn by paying  so bro There Nothing Left except for the Learn L is the Only thing dont be double minded. Learn is going to be from Experience.

Learning from experience is great, but experience is the result of how they take risks in trading. All crypto assets are volatile and they are very wise in making choices even though they are not required to learn the technical stuff. Trading is something very risky, basic knowledge of trading will not guarantee profits but profits will be obtained by those who take advantage of the market with the knowledge and courage to take risks.

The structure is like this, Learn - practice - produce - experience. One or two failures is fine as long as they don't give up, but always do it from a small amount.

[len01]

lots of people join this forum with the same ambition as you. thinking that it's okay to always make a profit in crypto is okay but just make it your passion and motivation to invest in crypto but don't be too ambitious. because if you invest only because of big ambitions later it will turn into emotions and can't control your thoughts and after that you will lose your money.
actually investing is not too complicated if a beginner is not too hasty to learn the basics of investing first.
because there are so many cases of beginners who have big ambitions in crypto with no investment knowledge and venture to buy the wrong coins for the long term and end up losing all their money.
but for me it's not a loss but it's a lesson for you so you can learn from loss

[Silberman]

lots of people join this forum with the same ambition as you. thinking that it's okay to always make a profit in crypto is okay but just make it your passion and motivation to invest in crypto but don't be too ambitious. because if you invest only because of big ambitions later it will turn into emotions and can't control your thoughts and after that you will lose your money.
actually investing is not too complicated if a beginner is not too hasty to learn the basics of investing first.
because there are so many cases of beginners who have big ambitions in crypto with no investment knowledge and venture to buy the wrong coins for the long term and end up losing all their money.
but for me it's not a loss but it's a lesson for you so you can learn from loss

This is critical, it is obvious that each person which comes to this market do so with the intention of making money, however not many take the necessary steps to make this a reality, and one of the most important steps is to simply set realistic goals for what you want to achieve,  there are many newbies which come to the market thinking about investing in a coin and making 100x in a matter of months and as you may expect the majority of those newbies not only never get profits like that and instead lose their money.

[Sebas.tian]

Not every cryptocurrency that you can find in the market will give you profits, especially if you're doing spot trading and hodling, buy low sell high kind of strategy. That's why I agree that you need to make a research first before buying anything in the market. It's better to confidently hodl your coins in the long run because you know their potentials, unlike if you'll by random coins thinking it would go the moon in the future.

Yes, carry out your personal research to know the potential coins that will bring you massive income in the future before investing your money will really help you to experience favour from the crypto market. There are some cryptocurrency you will invest your money in this bearish season and you will not achieve anything good at the end of the market, because you didn't invested in the right project. Since, the price of coins has drop down for long term traders to buy and hold, it will really help you to feel the positive results in the future when the price hit higher in the market.

[GatotKaca]

Not every cryptocurrency that you can find in the market will give you profits, especially if you're doing spot trading and hodling, buy low sell high kind of strategy. That's why I agree that you need to make a research first before buying anything in the market. It's better to confidently hodl your coins in the long run because you know their potentials, unlike if you'll by random coins thinking it would go the moon in the future.

Yes, carry out your personal research to know the potential coins that will bring you massive income in the future before investing your money will really help you to experience favour from the crypto market. There are some cryptocurrency you will invest your money in this bearish season and you will not achieve anything good at the end of the market, because you didn't invested in the right project. Since, the price of coins has drop down for long term traders to buy and hold, it will really help you to feel the positive results in the future when the price hit higher in the market.

you are right, even though the current market conditions are very suitable to buy because the price of coins is mostly down. but the most important thing in a bear market situation like now is to choose the right asset for the long term.
some traders may always focus on a particular asset. and that made him have to buy when the downturn occurred. such thinking should be avoided. because each coin has a different market. there will be a pump when bitcoin makes a pump. but some will not move.

[RockBell]

Many of our cryptocurrency communities are deceived and hyped by news about crypto because others are paid so they become victims or are given wrong information about crypto.

So crypto traders should do their research before investing in a coin or token. And ask here in the forum about the thing you want to know, just like you did it, dude. So that the capital you use to buy cryptocurrency does not go to waste.

True I think that is where people are missing it in terms of doing research a lot of shit projects have circulated everywhere with crazy hypes and after the hype, the coin starts dumping and the projects become a total failure doing our research is very important while investing in anything because even with your experience there is nothing you can do about losing money is just to know how to manage your risks and left to me doing a market like this just accumulate and avoid frequent checks in charts it might push you to sell so op nice one op

My thoughts and now my experience.

If I'm not incorrect, you were constructed and your ideas were set on always benefitting from your experience, but there are sometimes good and terrible periods in business.

[Shasha80]

Not every cryptocurrency that you can find in the market will give you profits, especially if you're doing spot trading and hodling, buy low sell high kind of strategy. That's why I agree that you need to make a research first before buying anything in the market. It's better to confidently hodl your coins in the long run because you know their potentials, unlike if you'll by random coins thinking it would go the moon in the future.

Yes, carry out your personal research to know the potential coins that will bring you massive income in the future before investing your money will really help you to experience favour from the crypto market. There are some cryptocurrency you will invest your money in this bearish season and you will not achieve anything good at the end of the market, because you didn't invested in the right project. Since, the price of coins has drop down for long term traders to buy and hold, it will really help you to feel the positive results in the future when the price hit higher in the market.

you are right, even though the current market conditions are very suitable to buy because the price of coins is mostly down. but the most important thing in a bear market situation like now is to choose the right asset for the long term.
some traders may always focus on a particular asset. and that made him have to buy when the downturn occurred. such thinking should be avoided. because each coin has a different market. there will be a pump when bitcoin makes a pump. but some will not move.

The bear market is indeed the right time to buy coins, because the majority of coins are priced down. Moreover, buying coins for long-term
investment will make us generate large profits. But that doesn't mean all coins are worth buying, because only a few coins whose price will
recover after the bear market ends. It's a shame there are more shitcoins circulating in the market and it will cost us money if we buy them.
That's why we must first do research and analysis before buying coins, it's to make sure the coins we buy are really potential. Because only
potential coins can give us a profit if we buy them now during a bear market. Then why do we have to buy potential coins, that's because usually
the potential coins always follows the price of Bitcoin. This means that if Bitcoin recovers and the price goes up, it is certain that the potential coin
price will increase as well. Don't let us choose the wrong coins for investment, it will only make us lose money.

[Chainsmokers]

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.

Theirs no way you can learn the basic things of cryptocurrency and succeed for cryptocurrency trading and other things concerning cryptocurrency, and therefore surviving in cryptocurrency you have to know the primary thing and in exception of that, i believe that you will totally lose all your funds without any realizing your mistake.

That's very much straight forward point of view as you know the most famous dialogue is Learn and then Earn i think that true at some instinct but if you are going for the courses to learn by paying  so bro There Nothing Left except for the Learn L is the Only thing dont be double minded. Learn is going to be from Experience.

bad experiences will be a lesson for traders that is why many professional traders are born in this world,
because mistakes will make people feel wise to take steps.
thanks to the OP for giving tips for newbie traders here, and even I am also happy to read your experience.

[Silberman]

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.

Theirs no way you can learn the basic things of cryptocurrency and succeed for cryptocurrency trading and other things concerning cryptocurrency, and therefore surviving in cryptocurrency you have to know the primary thing and in exception of that, i believe that you will totally lose all your funds without any realizing your mistake.

That's very much straight forward point of view as you know the most famous dialogue is Learn and then Earn i think that true at some instinct but if you are going for the courses to learn by paying  so bro There Nothing Left except for the Learn L is the Only thing dont be double minded. Learn is going to be from Experience.

bad experiences will be a lesson for traders that is why many professional traders are born in this world,
because mistakes will make people feel wise to take steps.
thanks to the OP for giving tips for newbie traders here, and even I am also happy to read your experience.

This is true only if people learn from their mistakes, because as you may have noticed there are many newbies which make the same mistakes over and over again, meaning they never learn from their mistakes and as such they never improve at all when it comes to their trading skills, and when that is the case then those people are just wasting their money as there is no way for them to ever make money from the markets, as we have professional traders which are always improving themselves and their strategies as well.

[GeorgeJohn]

mistake give us another knowledge on how we have to take decision in market , we know not all traders could survive from bad experience, some of them prefer give up and exit from market that maybe recognized as robber for their money. learn from previous experience and improve it could make our skill and knowledge better, expert will born from bloody condition they have survival power better than someone else.

I'm explaining this with normal understanding, mistake is a correction and anything you do perfectly without involvement of errors will be very easy to forget about, what i want you to understand is that, in trading and also cryptocurrency investment, it's acknowledgeable to someone to venture into mistake so that it will take an absolute correction and after taking precautions concerning the mistake it will not be forgettable. So mistake makes many people to conscious and curious in anything they venture into.

[Mpamaegbu]

I had some thoughts about cryptocurrency and I thought they were enough for me to achieve all I had come here for.
I didn't spend much time and jumped into the crypto market and I guess it swallowed me. I ventured into investing, trading, schemes and everything that I thought would give me profits. How wrong I was, I made bad investments that were from my imagination that anything I touched in crypto would favour me all I had to do is buy a low and affordable coin and hold.

This is almost the sing song experience of every crypto investor you can find. We (I did) all had similar experiences and some of us learnt from it and stayed put while some left the scene in hurt. Those who left in hurt became most of those who now spread lies about cryptos. I've a friend whom I told last year during the bull season that we were going to have a repeat experience of the 2019 bear season. My friend argued that the dynamics that made cryptos dip in the last bear season had changed and that cryptos wouldn't dip that way again. It's funny but it happened. History has a way of repeating itself. We're in that bear season now and it seems nothing much has changed. Again, you should find a way to learn under someone. There's a place for mentorship in this industry. If you want to do it all by yourself, you've to give it some time and practice and also map out time to learn from others like in this forum. You must burn the midnight candle to achieve that. Cryptos demand time and patience.