A lesson from other people's mistake can go a long way

[BlackBoss_]

1. Don't trade, just DCA

https://dcabtc.com/
https://costavg.com/
Use two websites for estimating what you can get from DCA with a set period before actually do your own DCA.

DCA can be used for taking profit to take profit gradually because you can not find a peak of a cycle.
(SSS) - A Sane and Simple bitcoin Savings plan

3. Use a hardware wallet

Use open source hardware wallets.
[LIST] Open source hardware wallets

[tech30338]

But for some reason some folks actually like making these mistake intentionally even after being warned or given heads up about what is ahead or involved. Some actually believe that experience is the best teacher of which I do agree but I would to think that learning from other people mistake is actually the best especially when it comes to mistake that has to do with financial affairs.

How will you learn if you don't actually experience those mistakes, its true that we learn on other people's mistakes but for sure on your path to success failure and mistakes will happen to you, we have different experiences and we can't compare those experiences with other people, since you know what happen to the person, you will eventually dodge it but we are not perfect and you will also commit mistakes and that's where you learn a lot.

[YUriy1991]

1. Don't trade, just DCA
2. If you really want to trade, only use a very small amount (and don't use leverage)
3. Use a hardware wallet
4. Don't get scammed: https://chainsec.io/scams
5. Don't make the common mistakes concerning wallet security: https://chainsec.io/checklist

I learned a lot from these 5 items, even though I only read them for 20 minutes. Even though it seems simple, it is quite helpful for me. Btw, in point 1 there may be many differences in implementation due to factors of comfort or being more familiar with which model to choose in terms of investing, even though DCA is highly recommended.
     

[Sebas.tian]

Mistakes will always come in your trading but how to handle the mistakes that matters at the moment, because if you continue with the same mistakes show that you will not be able to make what investors are making from their investment. Many people learned from other people mistakes in this forum, because people will always make mistakes for other people to learn their lesson not to engage themselves in such situations in the future than to do everything possible to avoid such mistakes. When you ask questions in a right place in the community, it will be difficult for you not to achieve what you want in the future because the answers you will get from the question will make you to know what to do at the moment.

[Patrol69]

Sometimes things happen to others that we can fully learn from. There have been many times in my case that things that could have happened to me have happened to someone else instead of me and I have learned from that so that it does not happen to me. Let me give a simple example when the corona virus became a pandemic, many people were infected with the corona virus before they knew how to avoid it. Later when the experts researched this issue they shared with us how to stay safe from coronavirus and we started staying at home as per their instructions, started using hand sanitiser and wearing face masks. In other words, we could learn from what happened to others. In the beginning we could have taken the place of those who died of the coronavirus but later precautions saved us from the virus.

[owlcatz]

Hell we've all made mistakes, it is basically how you learn at times. Albeit, sometimes the very hard way.

I once sent 5k DAI to a wrong chain on <some shitty exchange I won't mention the name of here but is quite popular>. The fuckin' assholes demanded 100 USDT to send it back .. After another 100 USDT attempt, they finally sent them back, albeit like 5 months later.

[Hewlet]

If only we were careful enough to learn from other's mistakes, then we wouldn't be facing a bit of what some of us are going through now.

I find this very applicable to me although it isn't in the bitcoin space. As an undergraduate, most of my senior colleagues in the department came in to share their experiences with us when we initially got admired into the college, we took their words for granted and felt they were probably not serious with their studies. Time has done it work on us now and we are now regretting why we failed to learn from their mistake.

Let others experience be your lesson and guide or others will use yours to learn their lesson. 

[Luffygroove]

it would be nice for the community to drops tips and also past errors that he or she did that others can learn from to advance themselves or do you feel making the mistake ourselves is alot more experience than this?

I think this forum is a place where people share thoughts and experiences, engaging in brainstorming and discussions. It serves as a platform where individuals not only showcase their success stories but also openly discuss their failures. This sharing of both triumphs and mistakes becomes an invaluable example for others, providing insights and lessons. The aim is to create an environment where people can learn from one another's experiences, fostering a sense of community and mutual support. Whether it's a success to celebrate or a failure to learn from, this forum encourages open dialogue, making it a rich resource for individuals seeking diverse perspectives and guidance.

[sokani]

As the bull season is around the corner, there's going to be many shitty coins popping out of the blues, promising to do x100 or more. Don't be deceived by the influencers promoting these projects either, they are all selfish and after their pockets. Instead of commiting your funds in such projects, it will be more rewarding to invest in Bitcoin. Buy a lump some or using DCA and hodl. While HODLing your Bitcoin, set a target price to sell during the bull season and don't be greedy.

[fullhdpixel]

or do you feel making the mistake ourselves is alot more experience than this?

I definitely don't think that way and I'm against the mindset of people who think that they should experience the things themselves in order to learn instead of taking other people's mistakes seriously and avoiding the same mistakes that they did and having to face the consequences.

When it comes to mistakes that I made and I want others to not make, and if we are talking about financial markets, especially Bitcoin or cryptocurrencies, I would say that one should never believe any service or website or person that promises them big returns on their investments or double their money or anything like that. They are all Ponzi schemes, HYIPs, and frauds and should be avoided at all costs. After that, one should never think that they can do trading without having enough knowledge because it looks and sounds easy because it's not as easy as it may sound and one can lose all their money if they make mistakes.

[TakeItEasy]

I have made many mistakes in the exchanges and the use of Authenticator. As I use the Google Authenticator mostly through which I can send my transactions and money etc. But in the recent time when I opened my MEXC I forgot my Authenticator that in which Mobile Phone it is present so I mistakenly restore my phone thinking that it can recover my Authenticator. But when I opened it there wasn't any Google Authenticator at all.

So, in this was I lost my 400$. Although this was not a big amount for me in the MEXC Exchange. But loss is always loss. So, my advice for the beginners is to always save their key in their respective book through which they can easily recover it.

[Renampun]

...

The bull season is closed by and alot of things will be happening so everyone should stay on the alert and also imply some of the skills and also take correction from the many mistakes that other have already committed to avoid making same mistakes of our own.

it would be nice for the community to drops tips and also past errors that he or she did that others can learn from to advance themselves or do you feel making the mistake ourselves is alot more experience than this?

everyone will never escape mistakes, even I myself have done it before (I saved my bitcoin in an FTX account and finally FTX closed because it went bankrupt and was dragged into a case), to be honest, even though at this time I already know that storing bitcoin assets in a CEX is a big mistake, but if something like that happened to me then I wouldn't know the consequences of my trivial feelings. In terms of investing in Bitcoin I also made a mistake, when FUD appeared I immediately panic sold. Luckily, I have never done stupid things in this forum (made plagiarized posts or deceived someone), there is a big risk that I will take if I do stupid things in this forum and my account will definitely be flagged by the DT team, learning from other people's mistakes is a free teacher, so don't underestimate the mistakes made by other people.

[DVlog]

This is a good way to educate ourselves from other peoples mistake but are you sure that only listening to others can help you to avoid those? You can be conscious but without experiencing them by yourself it can still be difficult because there are so many different story and it is not that easy to remember each one of them. Perhaps you can open a self-moderated thread managed by you to share the mistakes you have made in your life. There can be more in the future so you can keep adding them individually so that others can learn from them.

[lalabotax]

it would be nice for the community to drops tips and also past errors that he or she did that others can learn from to advance themselves or do you feel making the mistake ourselves is alot more experience than this?

Lessons can be drawn from anywhere, both from your own experience and the experiences of others. By reading and knowing what other people have experienced, first we should be grateful because these things did not happen or happen to us. Next, we have to learn from this so that one day we won't be like that or can avoid making the same or almost the same mistakes. The point is, whatever it is, we can make it valuable learning lessons.

However, maybe for some people, it's nothing special and they don't really think about it. There are even those who still make mistakes repeatedly even though there have been many similar cases. Sometimes, when we have experienced a mistake or a bad incident, that is what makes us really, really serious about taking the lesson. There are indeed some people who are like that, only realizing when they have experienced it themselves.

[kawetsriyanto]

Don't panic when the bull run comes. Sell when you are at profit and you really think that you've got more than enough for your profit. There are people that sells at a wrong timing even if they're already in profit, they feel that it's a mistake to sell.

To avoid this, make sure to set a selling target. So, we will have a goal, we don't panic or speculate when we sell the coins at the bullrun season. If we already set a target, we have to stick to it and don't try to be greedy. IMO, selling at the wrong time is only when we sell the coins for losses. If we sell the coins for profits, it means we sell at the right time although the profits can be higher if we wait for a longer time.

How will you learn if you don't actually experience those mistakes, its true that we learn on other people's mistakes but for sure on your path to success failure and mistakes will happen to you, we have different experiences and we can't compare those experiences with other people, since you know what happen to the person, you will eventually dodge it but we are not perfect and you will also commit mistakes and that's where you learn a lot.

What's wrong by learning from other people mistakes?
I think learning from the mistakes made by other people are also a good way. Sure, everyone may have different experience and problems. But we can choose learning from other people who have the similar problems/cases that we are experiencing. Just googling dude, there are too many options for learning from other people mistakes!

[robelneo]

But for some reason some folks actually like making these mistake intentionally even after being warned or given heads up about what is ahead or involved. Some actually believe that experience is the best teacher of which I do agree but I would to think that learning from other people mistake is actually the best especially when it comes to mistake that has to do with financial affairs.

You would not want to transact and losing your money or you don't want to try a dubious platform and lose your money just to get experienced on how is it to lose money, that's a costly experience for you, the reason why people are posting their bad experience and warning is for them not to experience what happened to them its total foolishness if you still proceed for the sake of experiencing it yourself, unless its ok for you to lose money

The crypto (Bitcoin) space is filled with lots of opportunity and aslo scammers who are willing to pry on every error that any newbie or curious veteran can make and that's why it's important for newbie and amateurs to actually learn from some of the vital mistakes that other members have already done to avoid making such.

The bull season is closed by and alot of things will be happening so everyone should stay on the alert and also imply some of the skills and also take correction from the many mistakes that other have already committed to avoid making same mistakes of our own.

Whether newbie or advanced we still have to read and get updates on what's happening in the industry as long as you are an investor and keep investing, you should get the latest updates about how scammers work, what exchanges are closing, and what's the best and the worst coin in the market and what a way to avoid pitfalls is to read other people's experience and take note of that whether good or bad.

[lovesmayfamilis]

Our mistakes always make us stronger. And learning from our mistakes is sometimes very expensive, but after that, we begin to walk very carefully. In every person's life, there have been cases when we were very self-confident and did not listen to others who had previously walked this path. It may even be useful to feel it for yourself and blame yourself for being careless earlier. The scary thing is that people do not learn from their mistakes, and life will teach as many lessons as necessary to learn from these mistakes.

[Winterfrost]

Learning from your own experience is good but learning from the experience of other people will save you the time you have to waste learning from your own mistake. Time is precious, so if you see someone who is tryijg to share his experiences on cryptocurrency with you then it's best to take hid and learn from it.

There are a lot of cryptocurrency scam experience and other security scams in the internet. If we make further research we can see a lot of relatable experiences that we may find helpful currently instead of jeopardizing our investment.

[Razmirraz]

The mistakes we have made and the mistakes made by other people are part of life, from these mistakes there are many things that can be learned and can help us improve our morality. Behind other people's mistakes there are several tests they faced and how they completed the tests themselves, that is what must be studied.
Usually, from the experiences of other people, we can learn many lessons, one of which is motivation for us to become better individuals. Never hesitate to learn from other people's experiences so as not to fall into the hole that person fell into.

[BitcoinPanther]

Never forget to enable 2fa and any other form of security that can add protection to our online account.  One should be vigilant on the security of their online accounts specially when it is holding a huge amount of money even in temporary situation.  Enable notification to keep track of the activity of our account, this also make us aware if there is some irregularities on our online account activities especially those accounts that deals with finances.