What we all learnt this 2023

[Troytech]

I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

[Pandji02]

Good thing that you've learned that, congrats. I can definitely say that those are good thoughts. Some people never understand that, I hope that your crypto journey will be bright and interesting.

[Tuclikk]

I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

Op that's a good idea, but on one way or the other, crypto cannot be predictable. Because we found many people gain and some loss, whereby is a risky game you either gain or lose, when you have enough to invest you go ahead to.
 In this world of today we have many investors who invest much amount of money in bitcoin, all i think is we just go for the one we can afford to hold. Not by going for just a little.
  Bigger amount comes with big win or big lose, and small amount comes with small amount or small lose, you are to decide which one you are to take in the risk.

[kentrolla]

The most important lesson which we have learnt in the year 2023 is that don't ever blindly trust any influencer as no one can predict crypto movement accurately those so called influencers just wants to make money by selling you premium channels, always do your own research and do data back testing to understand how the market will play.

Second most important thing which we have learnt is that we need to keep accumulating bitcoin regardless of market conditions as the is the safest method which eradicates risk factor to an extend.

Thirdly, We should gradually start moving away from Centralized exchanges as there were numerous controversies regarding CEX this year.

[abel1337]

I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

Definitely a list of things that newbies would experience on cryptocurrency especially the first advice where you will take influencer posts as an investment advice. There are a lot of B.S influencer last bull market and I believe that those influencers really affected newbies by giving them into bad advices, exaggerated speculations and being unfindable when the bear entered the market. There are influencers who are posting good contents but I believe newbies should understand what those guys are telling you.

What I learned this 2023 is to act early and fast. There are a lot of opportunities I missed this year, I don't want it to happen again next year.

[Winterfrost]

Don't take advice as a conclusion but you can look into others' opinions and advice, if you find it helpful or worth giving some thought then you should do implement it. In a general aspect of life, it is good to listen to what others have to contribute or say. But in crypto, people who disseminate information re people looking for buzz online. Such as the crypto influencers on twitter and other social media. I hardly view their post and listen to their podcast. This is because they don't always share the right information. I make my own conclusion and judgement regarding speculations in my portfolio.

[Upgrade00]

This lessons has been there to be learnt for several years now.

I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

Far better to invest in only Bitcoin and diversify into some other investment option which isn't cryptocurrency.

[Bananington]

I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:

Welcome. Every experience is vital, and someone may just be learning from your lessons.

Trading is risky and investment must be done wisely.

In this year 2023, If you have made more loss from trading then you have gained then the new year should be a time for you to take a pause and then evaluate your strategy so that the losses do not continue next year.

I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

You are not wrong, Over diversification can cause more harm than good. Invest in bitcoins, and if you must diversify, ensure you are sure about your plans and have made your research before diversifying.

[Zlantann]

👉 Don't take popular opinions as an investment advice.

Popular views might also be right. But when you hear this general view, you need to do your research to ascertain if the information is valid or invalid. The prediction that Bitcoin can get to $100k is possible, so you shouldn't dispute it.

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice.

I have heard people say that some groups on telegram have been helpful to them as regards to trading. However, it is important not to totally rely on trade signals from social media platforms. There is always a need to do your research.

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.

Some altcoins have shown consistency and improvement over the years. However, I prefer to invest only in Bitcoin because dealing with altcoins could be complicated. This is why I would prefer to diversify my investment to other sectors outside the crypto space.

[dunfida]

I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

A thing that newbies should really be realizing as soon as possible. Good thing OP that you do able to realize and learnt up these things along the way on which i could say or everyone could say that this is precise.
You wont really be able to take further step if you wont really be able to realize these things first because once you are stuck into those unrealistic mindset and thoughts then you are really that committing tons of mistakes
specially on to that point above on loving on joining up groups and believing that profitable methods does exist? If you wont really be that make yourself that realize then you would really be finding yourself having that
issues on becoming that better. Keep learning as years passing by because this market could be having tons of variations on which it is really just that right that you would really be needing that adjustments so that in next time you would already be that wary on how things works and what are the things that you would be needing to do. Just keep learning until you would be finding yourself that knowledgeable and
having those skills on which it causes for you to survive this unpredictable space. 

[DaNNy001]

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

I think this particular advice of yours rings a bell because I have seen a lot of people entangle themselves because of the supposed assured signal that is shared on this telegram channels. Trading itself for newbie aren't advisable because of the risky nature of the whole act and many newbie actually feel that these telegram channels gives them an edge where as it just increase their curiosity to play and actually get those winnings promised in those channels and most of the end result always goes sideways.

[electronicash]

I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

some very well-known people also have predictions that are way beyond the range like $1M per BTC. these are also the people who predicted $100k last 2021.
i think when they overprice it, it means the prediction is likely not intended to happen in the current bull run but in the next 3-4 bull cycle. it's just a way to hype the market.

you don't really need to believe every influencer. but you can believe they are bullish.

[Dr.Bitcoin_Strange]

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

As a newbie, not diversifying your crypto investment is the best choice to make. Let Bitcoin be the first and only coin that you should channel your investment to, because it's more assured than other altcoins that you may want to diversify to. Newbies are less experienced, have less knowledge, and have less ability to do research on any project, which means that they have a high chance of landing themselves in some shitcoins that will not generate any profit but instead cause them to lose their money.

Because 1 bitcoin is $42k+, some newbies feel that it is very expensive and that they can't afford to buy it with the small capital they have. They may just invest in a random, cheap coin. These are the reasons why I don't advise newbies to diversify into any altcoin apart from Bitcoin. Someone who's more experienced can do so, knowing the risk involved.

[cryptomaniac_xxx]

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

I think if we see people asking for advise here, the first thing we say is that they should not. I mean you someone can easily give advise to anyone here, but it is the best to the individual?

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

Its already 2024, I don't think that someone here is still on Telegram groups for signals? They have been exposed for years already, they are just front for pump and dump (specially for altcoins). But for bitcoin? I doubt that those groups or it's members are making money.

Always remember DYOR (Do Your Own Research).

[Baki202]

The most important lesson which we have learnt in the year 2023 is that don't ever blindly trust any influencer as no one can predict crypto movement accurately those so called influencers just wants to make money by selling you premium channels, always do your own research and do data back testing to understand how the market will play.

Second most important thing which we have learnt is that we need to keep accumulating bitcoin regardless of market conditions as the is the safest method which eradicates risk factor to an extend.

Thirdly, We should gradually start moving away from Centralized exchanges as there were numerous controversies regarding CEX this year.

That is what is killing a lot of people; the way they presented so many things to them was so perfect that they made it seem as though investing in cryptocurrency would make them money in less than a few days, but this is all a lie. Influencers will make anything look good, especially when it comes to altcoins although I don't currently own any assets, I observe how they operate on social media and YouTube.


And you see a lot of channels were you pay to have access to them and since I don t even have any assets I don't bother checking them and even people that do analysis fail just because the market is unpredictable and you can use what happened months ago to happen next month its going to be different that is crypto for you. Research is very important knowing the right thing to do, and I won't agree for anyone to just keep accumulating no matter the condition it will be more convenient to accumulating when the price is down.

[lionheart78]

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

I think it is best to say weigh every opinions and investment advice.  Not all popular opinions are good investment advice but there are still some that are worth following.  This simply means in every investment, we must do our own research and only jump in if we verify the validity of the information.

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

Highly agree, not all telegram group for trade signals are reliable, many of them are created for their own benefits,  some are created to even sell their holdings to people who are trap investing in a certain projects. So it is best to have knowledge of the items we are trading.

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

The advice is not controversial at all.  It should be one of the first thing an investors to understand.  Over-diversification is not a good thing.  It will burn the investors than getting him profit.  Since investing in every new project not only make the investors confused due to too many investments, it can also cause investors to lose huge amounts of money because there is a chance of investing in a scam project if an investors put his money in every new project appears.

[boyptc]

Take good opinions that will help you to grow and understand more of this market. But always remember that opinions should remain opinions and not as a financial advise.

That's where people are being wrong with taking those opinions that are not good to them. They think that a popular person's saying is always right but it's not.

You're all grown up to realize what suits you and what will not. You have your own decision to make and can take advises or just simply ignore them if they are not useful.

[SatoPrincess]

This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

People who have experience in the crypto space would understand this but newbies may feel differently. It’s common knowledge in the finance world that diversification is good for business and like the saying goes “don’t put all your eggs in one basket”. Many newbies have this mentality and they invest in different altcoins believing they are doing the smart thing. It often takes personal experience for them to unlearn their theory of “diversification”

[The Cryptovator]

I learned: don't invest in shitcoins. We have seen how the Bitcoin market has been growing, but a lot of shitcoins are still down. They aren't moving with Bitcoin. A few major and reputed altcoins have shown good movement with Bitcoin. So I can say Bitcoin investment is the best if we want to invest in crypto. I am not talking about traders, because they trade everything from which they could make money. I am talking about long-term investment and solid investment. If I found Bitcoin in a low zone again, I would invest in Bitcoin rather than any shitcoins.

[Orpichukwu]

When you talk about the things that one needs to pay attention to, you should never take anything that most of the streamers do online, like they are all in there to make money and they are paid advertisers. Do your own dire search before you invest in any currency at all in order to not fall victim to some scam.
 
And on the aspect of the telegram and social media channel project promoters, they are the type of people that they are either paid to promote or they go to the market and buy some low-market tokens or coins and promote them on their page. At the end of the day, their subscribers rush to buy them, and they sell their own holdings, making their own gains, leaving the late investors stranded to suffer whatever faith the tokens have.