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Author Topic: Moment of truth  (Read 706 times)
Cryptomultiplier
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October 28, 2023, 08:13:08 AM
 #61

It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?

2. tell us how your journey in cripto has been.

 3. what would be your advice to the newbie still trying to figure things out?

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
It was easy at first to join, but to learn is the harder task and I got alot of motivation from many of the newbies at the time who have ranked up to senior ranks, this helped me blend well here.
My crypto journey is rather slow because I am all about learning how to be more of a pro trader than a spot trader or short time trader. I believe in crypto as the future and keep up with new innovations and tech that makes having crypto or investing in it smooth and most profitable.

My advice for newbies is to first of all put it in mind to be open to learning the pros and cons, dos and donts firstly, before the consideration of trading would come in to play.

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Flexystar
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October 28, 2023, 08:25:36 AM
 #62

It's time to share your experience.
(choose one question and share your thoughts)
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

I would answer every question but this one is my favorite. I never came to bitcoin market with get rich quick mindset nor I am chasing any dream like that. In fact when I entered Bitcoin market it took me almost a year to set myself into the Bitcoin reality as I was not trusting anything that's put forward here. I was very slow learner when it came to Bitcoin so there was no mindset where I am imagining myself becoming millionaire over night. I heard stories, I read them as witness of fortune but I never fell for the trap of greediness. Till date I am only saving some portion of my salaries and other income sources in the Bitcoin. I am being holder, doing everything to keep it up to optimum levels including dollar cost averaging strategy. In short I am not rushing thing and will never do it anyways.  Smiley
DabsPoorVersion
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October 28, 2023, 09:04:56 AM
 #63

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
No. Your mindset will always depend on the person who taught you about Bitcoin. If you learned it from someone who thinks the same way, surely you will adopt the same mindset. By the time I learned Bitcoin, I was only told the basics and the different ways to earn, like faucet, bounty campaign, trading, and investment. Those days, I only think of having another income/learning or a journey that I never imagined to be like this.

Thinking of getting rich quickly only shows that you need more understanding and learning about Bitcoin. But realizing it is not a tool for getting rich quickly will come for sure. Also, thinking of it that way will only lead you to have high expectations and might disappoint you in the long run.

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posi
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October 28, 2023, 09:59:21 AM
 #64

It's time to share your experience.
(choose one question and share your thoughts)
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

I would answer every question but this one is my favorite. I never came to bitcoin market with get rich quick mindset nor I am chasing any dream like that. In fact when I entered Bitcoin market it took me almost a year to set myself into the Bitcoin reality as I was not trusting anything that's put forward here. I was very slow learner when it came to Bitcoin so there was no mindset where I am imagining myself becoming millionaire over night. I heard stories, I read them as witness of fortune but I never fell for the trap of greediness. Till date I am only saving some portion of my salaries and other income sources in the Bitcoin. I am being holder, doing everything to keep it up to optimum levels including dollar cost averaging strategy. In short I am not rushing thing and will never do it anyways.  Smiley

You don't have the mindset of getting rich overnight with bitcoin, but do you have the mindset of getting rich with bitcoin in 4 years or less? Is it right? That means you invest in bitcoin because you want to make big profits in less time than investing in other assets. If that is true, it proves that we also have a get-rich-quick mindset when choosing bitcoin and this market. And fast here doesn't mean overnight or several months but faster than other assets.

Aside from bitcoin, an asset that appreciates on a 4-year cycle, there is almost no other asset that can do this. So is it correct to say that bitcoin is not a get-rich-quick investment?

bettercrypto
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October 28, 2023, 10:42:16 AM
 #65

It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?

2. tell us how your journey in cripto has been.

 3. what would be your advice to the newbie still trying to figure things out?

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

I have a friend close to me who told me to study and learn about Bitcoin, and he also told me that it can help me financially, as long as I read here on the forum. Because of what he said, I didn't pay attention to it right away; I only paid attention to it when I found out that my friend who told me to learn it was making money here.

After events like that with him, I had a curiosity to find out, and of course he was not easy to understand at the beginning—the kind that I didn't immediately understand what was being talked about here because I really didn't know anything. So, due to hard work and perseverance, I read what I read here in the forum several times until I really understood it.

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Dunamisx
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October 28, 2023, 11:27:41 AM
 #66

It's time to share your experience.
(choose one question and share your thoughts)
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

I would answer every question but this one is my favorite. I never came to bitcoin market with get rich quick mindset nor I am chasing any dream like that. In fact when I entered Bitcoin market it took me almost a year to set myself into the Bitcoin reality as I was not trusting anything that's put forward here. I was very slow learner when it came to Bitcoin so there was no mindset where I am imagining myself becoming millionaire over night. I heard stories, I read them as witness of fortune but I never fell for the trap of greediness. Till date I am only saving some portion of my salaries and other income sources in the Bitcoin. I am being holder, doing everything to keep it up to optimum levels including dollar cost averaging strategy. In short I am not rushing thing and will never do it anyways.  Smiley

Or maybe we all should accept thay one of the reasons that we all choose to adopt bitcoin is to make money from it along side other benefits in which we can use bitcoin for, we don't have to have the mindset of getting rich quick since we are not taking bitcoin as other altcoins or scam projects that promises big within a short period of time, that is why this number four may be applicable to almost everyone of us without having to create the initial mind or getting rich quick.
jeraldskie11
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October 28, 2023, 12:38:18 PM
 #67

3. what would be your advice to the newbie still trying to figure things out?
My advice to crypto beginners is to focus on knowledge first, not money. I know that people get into crypto because they want to make money, crypto is a game changer but it has a big risk if you don't know what you are doing especially if you don't have the right experience.

You don't just enter the futures immediately if you want to trade, just go to the spot first so you can develop your edge and avoid potential losses. Don't trade futures if you are not profitable yet in spot. Small funds are enough just to determine that your trading plan is profitable before increasing your capital.
passwordnow
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October 28, 2023, 02:17:00 PM
 #68

It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?

2. tell us how your journey in cripto has been.

 3. what would be your advice to the newbie still trying to figure things out?

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
1. The curiosity and newness of this space made me got in here.
2. It's a long story but it's not different from the others so, it's all the same on how probably you got in here.
3. First things first, this market isn't a rich-quick scheme but it can definitely make you rich at the right moment and time. You just have to survive all the odds that are being put on you when you try to learn how to get into this venture. Because many have been disappointed already learning that there's always the bloodbath that will come knowing that you have just got in. It's normal for this market to experience and that doesn't make it a discouragement because you will learn everything once you experience the bloodiest days.
5. I can't remember if I did but probably not. Because it seems new to me, but maybe I have thought of it as one of the schemes on the internet because there have been a lot of it before. And that's why knowledge is power and we just need to understand it.

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Mpamaegbu
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October 28, 2023, 02:44:50 PM
 #69


1. what helped you blend into this space?
...
Let me itemize your questions in my response –
Number one – It was curiosity that drove me to this place. I didn't hear of this forum from anyone. I never knew there was even anything like it in existence until Google search brought me here. Reading from veteran and knowledgeable members here has been a rewarding and refreshing learning exercise for me.
Number two – It has been a bumpy ride, near misses and a touch of greed over riding my decisions to pull out until it got late. I learnt profit made isn't yours until it has been withdrawn into private wallet. I've been a victim of this.
Number three – Newbies should learn the process, research everything that catches their attention without taking the words said about them on the surface. Don't just believe anything until you've searched them out.
Number four – Nah! Not at all.

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October 28, 2023, 04:38:14 PM
 #70

3. what would be your advice to the newbie still trying to figure things out?

On the journey of figures in Crypto, newbies are ought to be basically focus on the crypto technical encryptions.
However and primarily lunches the abilities to educating itself on basically to understand the moderations and terminologies of cryptocurrencies in the Blockchains and to be unresistant to consultations and active to news subscriptions for updates on the past as a means to take experience notice and staying update to now and furtherness.

Meanwhile... Research making on what cryptocurrency to engage(Invest) on should be a prioritized laboratory to titrate on and understands the concepts of its community services, terms and conditions. This would expose the newbies to grounded and reliable on decision interests.

Al newbies should be aware about the volatility of cryptocurrencies that has it the tendencies of fluctuations in increases and decreases in value rates so as to be ready of implementing drastic goals of possibilities.
And in all courses, newbies are expected to kickstart on tendering and tolerable rates whereby, even at times of failure in a begining level, there would be fitness and self motivations to "keep going" due to his awareness.
On this note, newbies are should make a capital investment with a tolerable amount as a stake to gamble and also Investing in a variety if capable to handle a multiple portfolio so you don't experience an overall lost.
So... diversification in the crypto marketing industry should be an acknowledgement to the newbies.

And before deciding on what crypto exchange to be used on your trading, you must be confirmative and authenticate its security measures and the transaction charges should also be considered before getting on.

At all, do not be flexible to emotions during DOWNTIMES and the UPTIMES in the trading industry else you maybe be indictedly be under control instead of being in control in your specifically at the junctures of impressiveness and the at the tensions to lost.












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October 28, 2023, 09:27:29 PM
 #71

It's time to share your experience.
(choose one question and share your thoughts)

2. tell us how your journey in cripto has been.

As crypto journey has been quite comfortable till now even though I had been in a decent profit at this stage where I learned some better things that also help me in daily life. The most important thing that I learned from crypto is patience, crypto always taught me patience even when I was at a loss it helps me to keep my patience with time. Also, this thing helps me a lot when there is anything bad happens to me I started to be patient and the problem solve sometimes.
The same thing in crypto as crypto is a game of fortune sometimes or even I say many times but we have also been gifted by the mind we have, so a little bit different strategies have helped me a lot till now. I changed my trading strategies from time to time as whenever I was at being loss I started to change the strategy and with the help of this act, I succeeded many times. BTW crypto life is quite good for me and sometimes it also makes me disappointed but it also makes me much happier as well.

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milewilda
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October 28, 2023, 09:33:50 PM
 #72

It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?

2. tell us how your journey in cripto has been.

 3. what would be your advice to the newbie still trying to figure things out?

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

1. You wont have no choice because if you cant be able to blend then you would really be having a hard time. So what are the things needed?
    Make yourself that knowledgeable and getting well informed on things around which correlates on how to deal up with this space.

2. Just balanced, there are times which are good and there are bad but most likely im still that doing good.

3. Just dont make yourself that greedy, dont make yourself that in a rush. Dont make yourself tend to follow other peoples advises blindly.
    Just trust up your own skills and research and experience as much as you could.

4. When you are a noob, then 100% sure that we are all did really past up into this kind of mindset that money making would really be that
   normal i should say but a you do move forward and learnt up things then it would really be that changing overtime.

bayu7adi
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dont be greedy


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October 29, 2023, 02:30:39 AM
 #73

3. what would be your advice to the newbie still trying to figure things out?
Finding joy in the journey is a truly delightful experience when you have a genuine passion for the world of Bitcoin. People are willing to go to great lengths to comprehend something they love, akin to the way you cherish your significant other. Money, time, and effort become pleasurable investments when devoted to something you hold dear.

However, if you feel burdened by the need to learn and evolve in this space, there might be an issue with your relationship with Bitcoin. You should transform Bitcoin into a genuine interest, not just a means for financial gain.
YUriy1991
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October 29, 2023, 03:00:56 AM
 #74

It's time to share your experience.
(choose one question and share your thoughts)

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

Never had the "get rich mindset" I was aware from the start of my journey that
patience was going to be a trait I would have to exercise, now 6 years later I am still
patient.

I did dabble with altcoins and learned soon after that it was a mistake, it didnt slow
down my learning process because "every day is a school day" and we learn
from all events

I like this sentence fragment "I did dabble with altcoins and learned soon after that it was a mistake, it wasn't slow". Currently, many altcoins seem to have reached the bottom of their market cycle and many still like to spin in altcoins during reversals.

Yes. That's right, what you said is something that cannot be ignored even though it depends on the trading strategy and risk management they use.

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michellee
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October 29, 2023, 04:10:05 AM
 #75

3. what would be your advice to the newbie still trying to figure things out?
Finding joy in the journey is a truly delightful experience when you have a genuine passion for the world of Bitcoin. People are willing to go to great lengths to comprehend something they love, akin to the way you cherish your significant other. Money, time, and effort become pleasurable investments when devoted to something you hold dear.

However, if you feel burdened by the need to learn and evolve in this space, there might be an issue with your relationship with Bitcoin. You should transform Bitcoin into a genuine interest, not just a means for financial gain.
Most people only think about finding a quick way to get something even though it takes time and energy for them to get it. They must realize that everyone who joined before them also took a long time to get what they wanted. But they stop and keep looking for what they need.

If you desire to gain more knowledge, you will become more enthusiastic in seeking it. You will become increasingly obsessed with finding more and more and it will be useful for you. That might also guide you on the right path to develop even more.

Keep learning many things, don't give up, and if you feel tired, rest for a while. And continue again if you are not tired. You will see what you will get in the future will come true.

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Blitzboy
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October 29, 2023, 10:45:45 AM
 #76

3. what would be your advice to the newbie still trying to figure things out?
Finding joy in the journey is a truly delightful experience when you have a genuine passion for the world of Bitcoin. People are willing to go to great lengths to comprehend something they love, akin to the way you cherish your significant other. Money, time, and effort become pleasurable investments when devoted to something you hold dear.

However, if you feel burdened by the need to learn and evolve in this space, there might be an issue with your relationship with Bitcoin. You should transform Bitcoin into a genuine interest, not just a means for financial gain.
Most people only think about finding a quick way to get something even though it takes time and energy for them to get it. They must realize that everyone who joined before them also took a long time to get what they wanted. But they stop and keep looking for what they need.

If you desire to gain more knowledge, you will become more enthusiastic in seeking it. You will become increasingly obsessed with finding more and more and it will be useful for you. That might also guide you on the right path to develop even more.

Keep learning many things, don't give up, and if you feel tired, rest for a while. And continue again if you are not tired. You will see what you will get in the future will come true.
In fact, people are always looking for quick fixes and shortcuts in the worlds of Bitcoin and business because they want to get what they want right away. Its easy to forget how important patience is when doing something important, especially when it comes to something as complicated and deep as the economy. People who've made a lot of money in Bitcoin, for example, didnt just get lucky and start making money right away. They had a plan, were patient, and put learning first.

Regarding your point about the desire to learn, I totally agree. Not having Bitcoin isnt really powerful; knowing how it works is. Changes in the business, the market, and politics all have an effect. You become more and more obsessed with knowing as you go deeper. Its important and almost certain to happen. When does tiredness start? Sure, take a break, but dont lose focus. Because those who are smart and determined will get the biggest benefits as time goes on.

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synchronym
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October 29, 2023, 12:25:41 PM
 #77

It's time to share your experience.
(choose one question and share your thoughts)

 3. what would be your advice to the newbie still trying to figure things out?

Bitcoin newbies may not have a good idea about trading  When you trade bitcoins you must be well informed If you have any problems, consult your senior brothers. If you want to trade Bitcoin, you first need to be patient. One thing you need to keep in mind is that you cannot expect to become rich overnight by trading in Bitcoin. Trading Bitcoin requires you to have a long term plan. Then you need to be aware of the market and be patient so that you will be successful if you trade bitcoins.
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October 30, 2023, 06:10:12 AM
 #78

It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?

I’m sure everyone in the crypto space knows how it feels to be a newbie without anyone coming to your aid even when you’re doing the wrong things. Issues ranging from unfriendly interface of some exchanges, the whole concept of cryptocurrency occurring like a jargon at every slightest moment one is trying to understand it. Anyways I was a able to pull through due to consistency and choosing the right exchange. One major thing that helped me the most is getting to choose a user friendly exchange after so much stress, that’s one of the reasons Bitget exchange is really making wave in the crypto market.
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October 30, 2023, 08:19:22 AM
 #79

It's time to share your experience.
(choose one question and share your thoughts)

1. what helped you blend into this space?


Blending into the crypto was really a tough one but glory be to GOD at last I’m in. I faced a lot of issues ranging from unfriendly crypto exchange interface until I finally started using Bitget exchange which has a user friendly interface. I equally faced the problem of understanding the volatility of the crypto market. Learning and practicing has been my system and today I’m really good at most of the things I do in this space.
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October 30, 2023, 08:28:42 AM
 #80

It's time to share your experience.
(choose one question and share your thoughts)

2. tell us how your journey in cripto has been.

My journey within the crypto space was tough though but now I’m really enjoying the process all the effort I’ve invested.
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