My exorbitant lessons in last bull market

[South Park]

...Bitcoin is much easier to get into and even though its single unit can be divided into satoshis, people want to go for the altcoins which are recently launched and have been running on media hype. ..

Such a choice of coins by a beginner is understandable to me, since he does not have a large deposit, trying to increase his balance in this way several times in a short period of time. It's like in a casino, the risks of losing your money are very high, but there is still a small chance of getting a good profit.

In a way it is understandable that they do what they do because this is a mistake born out of their ignorance and their greed, however not only beginner investors make this mistake, we have investors which have been part of this market for years which still invest in meme coins and all kind of shitcoins, just last year the NFT craze was completely insane and many people lost all their savings by investing in useless pictures that anyone can download for free.

[Mahanton]

...Bitcoin is much easier to get into and even though its single unit can be divided into satoshis, people want to go for the altcoins which are recently launched and have been running on media hype. ..

Such a choice of coins by a beginner is understandable to me, since he does not have a large deposit, trying to increase his balance in this way several times in a short period of time. It's like in a casino, the risks of losing your money are very high, but there is still a small chance of getting a good profit.

In a way it is understandable that they do what they do because this is a mistake born out of their ignorance and their greed, however not only beginner investors make this mistake, we have investors which have been part of this market for years which still invest in meme coins and all kind of shitcoins, just last year the NFT craze was completely insane and many people lost all their savings by investing in useless pictures that anyone can download for free.

Thinking up logically about that NFT craze or into those images or jpeg or pngs. then its never been that worth if you do really look on deeper picture.You could really make it as a collection but what for?
Anyone could easily make out their own image or whatever they do have in mind in forms of art but its not something that should really be costing hundreds or millions of dollars.
I dont know on whats up into those minds of people who had considered out on buying out those shitty pictures.Its true that even experienced or old investors on this market
could inevitably able to make those kind of mistakes.There are ones who do really love to play with fire.

[ScamViruS]

Whenever any new trend starts in the market YouTubers start promoting it, those YouTubers may not know about it properly. There was a lot of hype around Memecoin when it started trending and it is also true that some people earned huge amounts from these projects. But most ended their journey with some useless tokens in their wallets.

There was a lot of talk about Bitcoin going to $100k but it didn't happen this time, but I think Bitcoin will be able to achieve this target in the next cycle. So hold on patiently without despair it will definitely pay off. What you have learned from this bull market, I think this experience will help a lot in future business.

[TheUltraElite]

Such a choice of coins by a beginner is understandable to me, since he does not have a large deposit, trying to increase his balance in this way several times in a short period of time. It's like in a casino, the risks of losing your money are very high, but there is still a small chance of getting a good profit.

That is what beginners have been doing in speculative markets. To them the amount of fiat money needed to acquire one bitcoin is huge and hence they move away to bigger "whole" numbers and that means going to altcoins. They dont realize that nobody buys 1BTC on their first trade, but fractions in satoshis eventually adding up to a number of bitcoin(s).

But they realize soon enough that in the bull market these altcoins might give some profit, if they get lucky, rest will remain down in the dumps. While bitcoin soars above everyone else and its holders reap profits.

You might have to hold BTC for several months, but you will get 5x of your capital on the next all time high.

[lalabotax]

1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.

Avoid FOMO on hype projects, as they usually just turn it into a pump-and-dump game. So those who already get very high profits immediately exit at a certain rate. Meanwhile, the victims, especially newbies, had just entered when the price soared and ended up selling too late because the price had gone down. And this happens very often. Lesson: Never play with the hype tokens of a new project like this regardless of promotion, because they and you are different. It has a very high risk so it is not recommended for beginners and anyone who is not familiar with the shit coins game.

3. 100k per BTC nearly brainwashed me, I escaped this though but I really believed it, if I had some funds at the time I might have invested on BTC at ATH, thinking its going to 100k.

Hold Bitcoin whatever happens if this is still not reaching your target. However, if you think that it is enough, you can set certain target. Investing in Bitcoin is always profitable, but sometimes, we need more time to make our price target reached. Hopefully, the rate of $100k will be reached in the next Bullrun. I also miss the previous ATH because I am too greedy. but, I wil not think hard ebcuase this is Bitcoin and I am still holdingthem.

[tygeade]

Whenever any new trend starts in the market YouTubers start promoting it, those YouTubers may not know about it properly. There was a lot of hype around Memecoin when it started trending and it is also true that some people earned huge amounts from these projects. But most ended their journey with some useless tokens in their wallets.

There was a lot of talk about Bitcoin going to $100k but it didn't happen this time, but I think Bitcoin will be able to achieve this target in the next cycle. So hold on patiently without despair it will definitely pay off. What you have learned from this bull market, I think this experience will help a lot in future business.

Youtubers have to react quickly so that they would be one of the first ones to make a video about it, but at the same time it is not that easy because they will do it without having the full information regarding the situation at all.

This is why I believe that we shouldn't really be wondering why and how that is done, in the end if that was so easy then everyone would have done it, which is a proof that they are doing what they think is right and if they are getting views then it is what is right for them. It doesn't matter if what is inside is good or not, it doesn't matter if the video is legit or not, if they are getting views that’s good enough.

[tvplus006]

...Some many things happen in the last bull market will hypes that made newbies to regret their mistakes.

The only mistake a beginner should learn is that it is necessary to sell their coins in a bull market in order to be able to buy more when the price drops. Otherwise, you will have to wait a very long time for a second chance when the price reaches ATH again, but this will not happen with all coins.

[$crypto$]

...Some many things happen in the last bull market will hypes that made newbies to regret their mistakes.

The only mistake a beginner should learn is that it is necessary to sell their coins in a bull market in order to be able to buy more when the price drops. Otherwise, you will have to wait a very long time for a second chance when the price reaches ATH again, but this will not happen with all coins.

Well the opportunity during a bullrun is that we have to sell and take as much profit as possible because that is the highest price so beginners know when it's right and they shouldn't be greedy when the price is high they want to wait even higher then what they have to do is sell and take advantage of the profit.
To buy back even low, we have to know which coin is right and don't just pick it It's possible that altcoins will never rise, but there are some coins that can be bullish again when the time comes.
The main thing is beginners don't be influenced by Hype and FOMO.

[LUCKMCFLY]

You know, even I am very impressed with some people who get very high profits from trading memes coins. Of course, they are people who have been experts here, by utilizing the most important and appropriate moments to buy and sell the coins. But for common people or who are not used to it, don't be careless. Because we can just lose our money very easily. In the end, we will lose because of our ignorance and inability. This is more like gambling.

This is because those who were able to increase their deposit by investing $100 and getting a thousand, write about it regularly. But there are a lot more of those who bought a meme coin at high and sold it at the lowest price. So the risks associated with buying meme coins are very high.

When you do consider on buying out;

1.Memecoins
2.Low caps
3.Hype driven coins

Then expect that you are dealing something which is really risky rather than on sticking into those established or high-ranking coins in the market.
When you co consider out on buying then make sure that you are fully aware of the risk involved which is really high.
Make yourself learn on what you had experienced back in the past.

In reality, I would buy altcoins when I am fully sure that bitcoin will enter an upward trend, that is, when it rises from about $3'k to $150k, it is the ideal time that I would buy altcoins because I know that when bitcoin rises these currencies are going to value much more, some can jump 2x, 3x, why not 10x, and that would be something great, because once it reaches a maximum point, the ideal is to sell to be able to buy some bitcoin and continue doing Hodl, there is nothing richer than having bitcoin and the price shoots up much higher, that the thing does not have a fixed peak but continues to rise, is the ideal.

[Murpheus]

Number 3 Is relatable, most of my crypto decisions made was around that speculation.... I've learnt my lesson now, the bear market is the best period to buy and hold, no matter how bullish an asset is, there'll eventually be a bear market...
My only regret now is I was never prepared for this current bear market, going all in on crypto and having nothing to take Advantage of the bear market...

Think this is what CZ terms *BEING OVER INVESTED*

[South Park]

Number 3 Is relatable, most of my crypto decisions made was around that speculation.... I've learnt my lesson now, the bear market is the best period to buy and hold, no matter how bullish an asset is, there'll eventually be a bear market...
My only regret now is I was never prepared for this current bear market, going all in on crypto and having nothing to take Advantage of the bear market...

Think this is what CZ terms *BEING OVER INVESTED*

Make sure to not make this mistake during the next bull run, as it is likely that it will take you some time to accumulate some capital and most likely you will do so when the bull market is already in full force, the bull market is not really the moment to begin buying, that is the moment to sit down, relax and wait for your well deserved profits, I know it is hard but the moment to invest is when the market has crashed already and you can take advantage of the low price of the best assets this market can offer.

[Trouvaille]

1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.

Don't rely on information from even influencers on youtube. Don't trust anything on Youtube easily, their ultimate goal is just to benefit themselves.

Those who are suitable for themselves in the encryption market will be the easiest to succeed in making profits. Do your research seriously, spend time studying, learning and improving your investing or trading skills in the field of market analysis and knowledge base. Do not trust media sources, which can mislead investors.

[sulendra12]

1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.

Well, you know what to expect. The words "gambling" and meme coins. You could make profit at first launch of meme coins but most likely you will lose and you should not bother to try it again anymore.
Of course those Youtube videos only cover the good things but they don't really share the bad experience they got from meme coins for the sake of views and exposure. I don't really care with showing profit from trades on Youtube, if they can provide full details and breakdown of every transaction they make then I'd consider it. Other than that, most of the Youtube videos out there are just baiting for views.

2. Friends told me that Vitalik have promised Proof of Stake on Ethereum for years and it never came to past, I believe them and invested in Eth mining equipment, I am now selling to gamers since they are not profitable, not even a bit.

Then what happens with your friends? Did they also sell the equipment to other users? "Promised" is not enough to guarantee anything and just make sure to double check anything instead of just believing on other people comment/claims especially my post, you can also disagree with it. It's also to manipulate people with few words and sentences these days.

3. 100k per BTC nearly brainwashed me, I escaped this though but I really believed it, if I had some funds at the time I might have invested on BTC at ATH, thinking its going to 100k.

Stay up to date with news mate, stay up to date. People can speculate anything with the number but do they provide the speculation with good proof or not? That's a question.

[MainIbem]

This is one major problems with influencers and friends most at times you make a silly mistakes by adhering to what they are saying which will results in regret at last. It's better you make your research yourself or take decision without anyone convincing you to do that or not. Also do not invest whenever Bitcoin gain another ATH because they would be a market reversal making you to lost investment after few days or  months.

[LUCKMCFLY]

...Bitcoin is much easier to get into and even though its single unit can be divided into satoshis, people want to go for the altcoins which are recently launched and have been running on media hype. ..

Such a choice of coins by a beginner is understandable to me, since he does not have a large deposit, trying to increase his balance in this way several times in a short period of time. It's like in a casino, the risks of losing your money are very high, but there is still a small chance of getting a good profit.

What I know is that bitcoin is the king currency, and every novice should know that, as well as when it comes in that if BTC is at a relatively low price, the entire altcoin market in general will be low, all investment in one altcoins should already be considered very risky, because of what happened in LUNA, the same can happen with any crypto, even with the same ETH it is always an option that could be very good for others, but what Buterin did was something that has the complete control over the high, and that's not good, a centralism in crypto will never be good, for that grace the best thing is to trade and take fiat.

[stomachgrowls]

...Bitcoin is much easier to get into and even though its single unit can be divided into satoshis, people want to go for the altcoins which are recently launched and have been running on media hype. ..

Such a choice of coins by a beginner is understandable to me, since he does not have a large deposit, trying to increase his balance in this way several times in a short period of time. It's like in a casino, the risks of losing your money are very high, but there is still a small chance of getting a good profit.

What I know is that bitcoin is the king currency, and every novice should know that, as well as when it comes in that if BTC is at a relatively low price, the entire altcoin market in general will be low, all investment in one altcoins should already be considered very risky, because of what happened in LUNA, the same can happen with any crypto, even with the same ETH it is always an option that could be very good for others, but what Buterin did was something that has the complete control over the high, and that's not good, a centralism in crypto will never be good, for that grace the best thing is to trade and take fiat.

Centralization would eventually totally oppose on whats the true concept and purpose of crypto just like on what Bitcoin does have.If those altcoins would really be having that kind of set up then it would be entirely

opposing on being anonymous or totally been decentralized and thats why it cant be surprising that Bitcoin is sitting on top of the chain because it does really have that features which altcoins
cant never out able to beat it up.It might have a bit outdated feat but it is really just enough and its been already prove out that is already that sufficient.

People wont really be that blind for them not to notice out in between the demand level in between Bitcoin and alts.

[South Park]

1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.

Don't rely on information from even influencers on youtube. Don't trust anything on Youtube easily, their ultimate goal is just to benefit themselves.

Those who are suitable for themselves in the encryption market will be the easiest to succeed in making profits. Do your research seriously, spend time studying, learning and improving your investing or trading skills in the field of market analysis and knowledge base. Do not trust media sources, which can mislead investors.

This is something that people need to learn, those youtubers care nothing but about themselves and whatever predictions they make are done with the intention to bring views and followers to their channels, if they actually put the interest of their viewers first no one will watch them as they will give the same advice that we give in the forum, which is not exciting at all, so people need to stop watching those youtubers as they are just wasting their time by doing so.

[Baofeng]

What is your exorbitant lesson investing in crypto last bull market (2021-2022)? I will like to share mine...

1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.

That's why I stay away from watching Youtube cypto traders or influencers, because they make it look so easy to just invest a small amount and turn into big numbers. But it was not that easy and maybe they are part of a pump and dump group.

2. Friends told me that Vitalik have promised Proof of Stake on Ethereum for years and it never came to past, I believe them and invested in Eth mining equipment, I am now selling to gamers since they are not profitable, not even a bit.

At least though, it won't go to waste and still make some money when you sold them to gamers and probably go back and invest on solid altcoins.

3. 100k per BTC nearly brainwashed me, I escaped this though but I really believed it, if I had some funds at the time I might have invested on BTC at ATH, thinking its going to 100k.

Who wouldn't? who would forget the S2F model that the majority believed? But I guess if you bought on the top then the best thing for you to do is just hold. No money is lost if you are not going to sell them, all you got is paper loss.

[adzino]

Based on your points:

1. Don't watch those videos were they "gamble" with shitcoins. They are actually getting paid for promoting those coins. They know very well that those are scam coins but they are still shilling for it because very likely they are a part of the scam. And never blindly follow any videos on the internet that teaches you to get rich over night.

2. Your friends told you ETH would shift to proof of stake and you invested in mining equipment? That doesn't make sense. Do you even know how or what proof of stake and proof of work is?

3. Keep holding and that 100k mark you were waiting for might reach. Not today or tomorrow, but maybe after a few years or decade.