My exorbitant lessons in last bull market

[KiaKia]

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.

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.

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.

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[Beparanf]

Buying a dying coin and end up to lose more in the process. I purchased LUNA before when the price dumps from 100$ to 0.2$, I thought that it was already the bottom since its too much low so I bought tokens without doing thorough research on the real situation since the CEO is still giving some reassuring update for recovery. Then I realized that the token is fucked up because it keeps minting new token to add on supply just to dump it on the market and buy back UST to peg on USD. This bullshit code makes the Luna token supply inflate into trillion which result to the price to decrease to the rock bottom.

It's funny that I knew the risk but still I continue buying it because I’m too greedy that the price might recover overnight. 

[adaseb]

Regarding your #2. Vitalik actually did promise POS for years. He has been promising it to take place in summer of 2016.

So you just got unlucky that you bought gear in 2022. We miners were all scared to buy GPUs anytime in the past 6 years because we knew there is a POS risk. However it was delayed for years and we just kept buying GPUs.

[tbct_mt2]

To understand crypto market, you must learn from both bull market and bear market. If you only experience either bull market or bear market, you are missing another important half. Market does not have bull if it does not have bear.

Bull market is where you can learn how crazy crypto market is in bullish phase. In addition, you will be given chances to learn about scam projects that easily to raise fund from investors.

Bear market is where you can learn that how scam projects or incapable projects will be abandoned or die gradually with time. It is hard to find projects that are born in bull market and are still be able to exist and lively developed in bear market. Very few of projects can have active developments in bear market.

[michellee]

I guess it was their luck to invest in such a perfect coin because we will never know if the meme coin could make a huge profit or if it would end without us being able to sell it on the exchange.

Ethereum is still a promising project in the future and since the current market conditions are not showing any signs of rising, many coins are still at the bottom level and waiting for time to improve.

$100k per BTC will come in the future and it depends on how confident and trusting you are in BTC. If you believe and believe, you will continue to hold BTC even more strongly because you want to see the price of BTC rise to the next high.

What is clear, in the last bull run, I made a very large profit, especially in BTC because the price of BTC could rise very high beyond my previous expectations. And I still believe that the last ATH is not the end of everything but BTC can still make new ATH in the future.

[mk4]

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.

I'm definitely not saying that people should try it (because 99% of people shouldn't), but this strategy can work. You just seemed to have picked crappy meme coins. Can't blame you though, pretty hard to look for the next DOGE or SHIB in the huge black sea of memecoins.

[Inspiron14]

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.

I'm definitely not saying that people should try it (because 99% of people shouldn't), but this strategy can work. You just seemed to have picked crappy meme coins. Can't blame you though, pretty hard to look for the next DOGE or SHIB in the huge black sea of memecoins.

Don't be easily influenced like that and make sure to do research and analysis first,
and it should also be noted that meme coins are very risky and there are only a few good meme coins,
the decision is in ourselves so we must be responsible for our decisions

[blue_hurricanger]

Number 1, definitely your mistake. You brought in some tokens from shills on YouTube which is a big no-no. Also, anything that is already exposed on social media means the chance you can buy it at a good price is out of the window.

Number 2, this one is tricky. Cause I know a lot of miners made mistakes like you. Despite ETH's PoS planning for this year being way more serious than the last time, some stubborn miners still don't want to believe it. A lot of disinformation, and hype around the cheap price to get PoW rigs even though ETH PoS is in its last breath. You should consider and mark it as an unfortunate event and move on. Maybe don't 100% trust in whatever that friend of yours advises from now on.

Number 3, well not your fault. Back when BTC @$60k, the hype around it was insane. Did you see how many BTC holders still keep on their BTC for the $100k rally and didn't sell their bags? Complete missed their chance to sell it once it was down to $40k then $30k. The Tech bubble got the same fate and many stock investors miss their chance too. You shouldn't dwell on this matter too much.

[jossiel]

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.

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.

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.

1. It's a fast game if you're into meme coins. You don't know how long the hype will last and how quick those investors that have early invested on it. Don't buy those hyping videos because you'll just end up with what you've experienced, losing and the laugh at the end is on them.

2. Don't just rely on your friends and DYOR whether it's on mining, staking or investing and buying coins that you want to do. Mining altcoins doesn't look good at these moments. You can wait until some discoveries happen on which coin is profitable to mine before you sell your equipment.

3. I also believed it and will always believe that it will come someday. It can't happen on a glance but it has to go through process, maybe on the next bull run it will.

[Solosanz]

It's fine, learning takes time and may give you a good lesson like this one.

From your stories we can draw the conclusion to invest on Bitcoin, don't invest on shitcoins (meme coins) and Ethereum. Even though Ethereum is top 2 crypto, but it doesn't have any fundamental after 2017 passed, the price will always following Bitcoin price until now.

Though Bitcoin price still not reach $100K, but there's a high chance it will happen on the next 3 years.

[justdimin]

Number 1, definitely your mistake. You brought in some tokens from shills on YouTube which is a big no-no. Also, anything that is already exposed on social media means the chance you can buy it at a good price is out of the window.

Number 2, this one is tricky. Cause I know a lot of miners made mistakes like you. Despite ETH's PoS planning for this year being way more serious than the last time, some stubborn miners still don't want to believe it. A lot of disinformation, and hype around the cheap price to get PoW rigs even though ETH PoS is in its last breath. You should consider and mark it as an unfortunate event and move on. Maybe don't 100% trust in whatever that friend of yours advises from now on.

Number 3, well not your fault. Back when BTC @$60k, the hype around it was insane. Did you see how many BTC holders still keep on their BTC for the $100k rally and didn't sell their bags? Complete missed their chance to sell it once it was down to $40k then $30k. The Tech bubble got the same fate and many stock investors miss their chance too. You shouldn't dwell on this matter too much.

The good thing is, this was a good lesson that he learned and that way he won't do it again, well if he ever does it again then it’s all on him, but first mistake always happens. I made a bigger mistake, I have been in crypto for nearly 10 years and I do not own 1 bitcoin, I could have so many bitcoins right now if I knew. But that’s fine, I learned, and I am growing now, and I am going to be rich in the future.

We all make mistakes and we all learn from them and the important part is to be better after the mistake. There is no scenario where people get into crypto and make no mistakes at all, you will make some, it’s better to at least learn something from them.

[palle11]

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.

You are not the only one in this but in your case you might regret more because you have already lost from your investment. At the time of the last bull and btc soar to $64k, many speculation were on air that is now a free rise for btc even to $150k to $200k and many bought in at the time now they are regretting. I usually follow the high and low pricing when investing. In buying of coins you need to invest when price is low and sell when it is high but buying at the high price is risky because you don't really know if you are buying the ATH for the season.

[tvplus006]

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

All your mistakes are that you bought at the maximum price and, accordingly, could not sell your coins more expensive. Your next mistake was that you decided not to sell your coins, fixing the loss and continued to hold them until their price lost its value to 95%. After analyzing these mistakes, you should learn a lesson that will help you get a profit on the next bull run.

[lixer]

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.

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.

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.

1) You cant sell your coins because the exchange was a scam? or maybe the coin have been delisted immediately because it didn't have any volume/liquidity anymore and you are only late to realize it. You know, meme coins can come and go easily, especially if they are popular. There is no need to wait for more people to invest on it because the devs already got their desired profit and they are now ready to exit.

2) Your mistake is that you are late again. You think eth won't transfer to POS because that is what your friend told you but later on it did came true but I think your machine can still be use for mining other coins.

3) Everyone believes on that actually. It may have failed last bull but I am sure that btc will resume its failed mission on the next bull.

[judaspriest]

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

All your mistakes are that you bought at the maximum price and, accordingly, could not sell your coins more expensive. Your next mistake was that you decided not to sell your coins, fixing the loss and continued to hold them until their price lost its value to 95%. After analyzing these mistakes, you should learn a lesson that will help you get a profit on the next bull run.

By looking at this error, it is certainly very unfortunate because buying coins when the price is high is not the right time,
regardless of the error, don't just give up and it's better to hold on waiting for the bull market to sell it,
That's right, we have to learn from those mistakes so we don't repeat them in the future

[Wexnident]

#1 actually works tbh, you just have to know what's in and what's not, which is really really difficult imo, especially if you consider the number of altcoins to pick from in the market, which in most cases would inevitably end up like what happened to you OP, but it isn't impossible. It also gives bigger returns since the coin basically turns from shit to premium to shit, so if you manage to get that time frame of when it's premium then you're good to go.

#3 is a natural reaction whenever the bull market comes, I'd honestly avoid any form of investment during that time period (or just DCA if you really want to invest). Always look at the long term instead of just a few years ahead.

[$crypto$]

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.

You bought on the wrong meme coins and you have also been influenced by people who have earned thousands of dollars while you tried it's not really worth it so I guess the coins are just luck which can't be sure will work in your favor.
There have been many victims of meme coins which in the end they stress that coins can't be sold on exchanges, so don't get your hopes up on meme coins.

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.

Investing in Bitcoin will be better that there is hope to look forward to about the price of 100k but if you believe again in other coins I'm never sure you will get the same profit except Bitcoin.
Well, if you already have the funds, now it's time to buy instead of having to wait for ATH again.

[Husires]

The expensive lesson would be to sell your coins at that price and regret it after several years.
All the previous lessons were on altcoins which are not a good investment.
In the case of Bitcoin, it is a temporary loss.

[Marykeller]

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.

We are in difficult times in the crypto market. Whatever works for Mr A will not also work for Mr B.
Following YouTube promoter's footsteps when it comes to crypto investment is not encouraging cos many are paid to shill projects that will end up having zero investment profits.

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

If BTC didn't reach $100k in the Last year's bull run that doesn't mean it won't reach it in the coming bull season. BTC didn't promise us riches at once, it only want us to be patient, hodl and trust her movement as it to another ATH.

[AicecreaME]

$100,000 per BTC is possible, but no one knows when, or is it really gonna happen in the future. Now, if you bought at $50,000 because you thought it's gonna go straight at $100,000, then you have a long way to go before you could sell your Bitcoin to make profits. It's still better than holding shitcoins, because there's no profit in the long run to the tokens that are not even being taken care of its dev.