Before You Think of Giving Up on Crypto, Read This

[Joeboy]

Cryptocurrency may feel kind of unfair at times. Especially when you’re just starting out, and you are putting in the best you can but at the end of the day nothing seems to be working. It hurts a lot, and sometimes it makes you even wonder if crypto is really worth it.

For those in this situation here’s the truth: every experienced person in the crypto has been there, every single one of them, the traders, the investors, even some of the people on this forum that we all look up to today. But instead of quitting they chose to be patient, consistent and continued humbling themselves to learn

So if you are a beginnner in the space, here are a few things I wish someone told me early on:

1) Losses are part of the game. Losing your money doesn’t mean you are a failure, It means you’ve learned something, if you take time to understand why the lose happened in the first place.

2) Don't be in a hurry. The reason why most newbies tend to loose alot is because they jump into every green candle they see without taking time to understand why it was so.
 
3) Risk managementt: The market is highly volatile so never carry your "house rent" or "school fees"  to invest into crypto. Always invest what you can afford to loose.

4) Practice DCA Strategy:  For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.

So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️

[Russlenat]

I think the one you mentioned, "Losses are part of the game" is the most important. It builds character before anything else. Strategy is the easy part since it's all in the mind, you can research, copy others, or learn through experience. But if you're not disciplined enough to accept losses, then everything you've learned becomes useless, because you won’t be able to execute your game plan properly.

[Ruttoshi]

You should be more specific with the word "bitcoin" because crypto is a vague word. Only bitcoin is worth investing into for a long-term with the amount of money that you can afford to lose using DCA accumulation method. What I tell new investors is that, they should see bitcoin investment as a long-term asset and not short-term. So that, this will enable them have proper plan on how to buy and hodli for at least one circle and and above without panic.

If a new investor starts his crypto journey with shitcoins, he will easily give up on his investment. This is because the longer he hodli, the slower the value of that coin depreciates overtime. You might be lucky to buy a shitcoin that gave you huge profit in the past, don't think that you will be lucky again. Bitcoin has been tested and verified to be a good asset for the future.

[Marvelockg]

So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️

what i always hold is that it is best that as an investor, you choose an area, focus on it and ensure that you have perfected it to the latter, that way, you know what you are doing and it will not be that you are trying to invest while trading and then you are equally following after airdrops. if you want to invest, let it be that you focus on investing alone which is actually the best way to go. at least while investing, you are at least certain that losses are not all that much.

as an investor, giving up is far from the options at all, the only thing is to make proper plan on how to invest without risking too much and with strategies like buying through the DCA method that we have talked about so much, there is no excuse as to why we should invest the wrong way and sell at a loss in the process.

[stadus]

Practice DCA with proper discipline and emotional control. If you can manage your emotions well, you’ll be able to stick with DCA consistently. regardless of whether the market is pumping or crashing. That’s the key to making it work: buying at regular intervals no matter what the market is doing.

But in reality, it’s hard to stay calm when everything is red. When the market is bleeding, instead of buying more, many people panic and sell which completely goes against the plan. That’s when you fall into the trap of weak hands. That’s why it’s just as important to train yourself to manage fear and emotion, so you won’t be swayed by FUD.

[OcTradism]

1) Losses are part of the game. Losing your money doesn’t mean you are a failure, It means you’ve learned something, if you take time to understand why the lose happened in the first place.

3) Risk managementt: The market is highly volatile so never carry your "house rent" or "school fees"  to invest into crypto. Always invest what you can afford to loose.

If you were not well-prepared, and did not careful with your risk and capital management, you could lose most or all capital shortly after your start, and surely it is very painful and unwanted experience.

You only can continue if you don't lose all your money, so make sure you understand about the market, risk and have proper management that prioritizes protection of your capital.

4) Practice DCA Strategy:  For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.

DCA is a very good strategy for investors and even traders with Spot trading. The following website is very helpful for anyone who have plans of DCA for their investment in Bitcoin.
https://costavg.com/

[lovesmayfamilis]

If you are, OP, talking about cryptocurrency, then all the losses that those who want to make money quickly will most likely not be compensated, and these people will get a lot of disappointment from their connection with some coins and investing in them. First of all, you need to clarify what you are writing about. If it is Bitcoin, then with the right holding and patience in investing, you will not feel remorseful for investing your money in it. Therefore, OP, before advising beginners, you yourself should correctly distinguish one from the other, and only then make such guides.

[qwertyup23]

I think the one you mentioned, "Losses are part of the game" is the most important. It builds character before anything else. Strategy is the easy part since it's all in the mind, you can research, copy others, or learn through experience. But if you're not disciplined enough to accept losses, then everything you've learned becomes useless, because you won’t be able to execute your game plan properly.

This advice also works on all aspects of life. From our failures we gain the experience and learnings so that we could avoid the very same mistake we have committed.

In general, cryptocurrencies are form of investments. It is nothing but normal to lose money in the process especially if you fail to consider several factors on your investments. The key in making the most out of our investments is by being patient. Due to the nature of cryptocurrencies (specifically BTC) that has a limited supply in the market, expect its price to increase in the future.

If you are, OP, talking about cryptocurrency, then all the losses that those who want to make money quickly will most likely not be compensated, and these people will get a lot of disappointment from their connection with some coins and investing in them. First of all, you need to clarify what you are writing about. If it is Bitcoin, then with the right holding and patience in investing, you will not feel remorseful for investing your money in it. Therefore, OP, before advising beginners, you yourself should correctly distinguish one from the other, and only then make such guides.

Instead of seeing your investments that failed as "losses", see them as experiences where there is an opportunity to grow. Like what they always mention, charge it to experience and make all of those learnings part of your system and process.

[tech30338]

Cryptocurrency may feel kind of unfair at times. Especially when you’re just starting out, and you are putting in the best you can but at the end of the day nothing seems to be working. It hurts a lot, and sometimes it makes you even wonder if crypto is really worth it.

For those in this situation here’s the truth: every experienced person in the crypto has been there, every single one of them, the traders, the investors, even some of the people on this forum that we all look up to today. But instead of quitting they chose to be patient, consistent and continued humbling themselves to learn

So if you are a beginnner in the space, here are a few things I wish someone told me early on:

1) Losses are part of the game. Losing your money doesn’t mean you are a failure, It means you’ve learned something, if you take time to understand why the lose happened in the first place.

2) Don't be in a hurry. The reason why most newbies tend to loose alot is because they jump into every green candle they see without taking time to understand why it was so.
 
3) Risk managementt: The market is highly volatile so never carry your "house rent" or "school fees"  to invest into crypto. Always invest what you can afford to loose.

4) Practice DCA Strategy:  For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.

So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️

No one starts with crypto a pro, they all experience ups and down during the process we lose some, gain experience, and learn from our mistakes, the other thing that you need never lose hope, and focus on what you are doing, even the best trader have to lose some trades, don't let your emotion dictates the moment, always have control mind over emotion, and you are good to go, surround yourself with people who share knowledge and not those who will just use you.

[SilverCryptoBullet]

No one starts with crypto a pro, they all experience ups and down during the process we lose some, gain experience, and learn from our mistakes, the other thing that you need never lose hope, and focus on what you are doing, even the best trader have to lose some trades, don't let your emotion dictates the moment, always have control mind over emotion, and you are good to go, surround yourself with people who share knowledge and not those who will just use you.

People all need time for learning, practicing and experiencing to become professional but they need to have good management and practice so that they won't lose all before they can become professional. It's very challenging for everyone because there are many people who can have many years of experience but can not turn to professional and successful ones in this market.

It's known fact about the majority of people in any market are losers and only the minority of market participants are winners and get profit.

[DPHOR]

Nobody is an island of knowledge and we must not know everything in the crypto space because as we advanced in the journey the more knowledge we have and the more experience we gain for the long run. As an investor; one thing very possible that we must incur while investment is loses, it's a natural thing and usually something in the game of cryptocurrency and in fact if you have never lose money in cryptocurrency then you have never started the game.

[justinlamode]

Most of the posts you raised in this thread are applicable to those who are trading or jumping from one shitcoin to the other and not people are taking their lives seriously by focusing on building a Bitcoin portfolio that they will hold for years. Those who fall into this category does not have any business contemplating on giving up because they are seeing results in Bitcoin which does not disappoint. If we can tell people the truth which is to focus on Bitcoin, I'm sure we will do much better.

[Maslate]

This is mostly for the newbies who haven’t really seen how crazy and volatile the market can get. Just wanna throw in something I always check whenever I start doubting Bitcoin. Check this out: https://bitcoindeaths.com/

That site (and a bunch of others like it) shows how many times people have called Bitcoin "dead" yet it keeps coming back.
Might help give some perspective when things start looking shaky.

as of this writing..

Bitcoin has died 431 times.

If you invested $100 each time, you'd have $124,014,437 today.

Last updated on July 14, 2025

[happybitcoinph]

So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️

Just let them do what they want. If these newbies want to quit, then quit. No need for encouragement.

Realization will come sooner and later and up to them to decide if they will return or not.

[hd49728]

This is mostly for the newbies who haven’t really seen how crazy and volatile the market can get. Just wanna throw in something I always check whenever I start doubting Bitcoin. Check this out: https://bitcoindeaths.com/

That site (and a bunch of others like it) shows how many times people have called Bitcoin "dead" yet it keeps coming back.
Might help give some perspective when things start looking shaky.

There are many websites about Bitcoin deaths and Bitcoin FUD debunk.

Bitcoin obituaries https://99bitcoins.com/bitcoin-obituaries/
Bitcoin is dead https://bitbo.io/dead/

End the FUD website https://endthefud.org/ with many efforts in writing to debunk different Bitcoin FUD types.

FUD, deaths and many other attacks to kill Bitcoin since 2009 have been all failed so far while Bitcoin has become stronger than ever.

[Davidvictorson]

So if you are a beginnner in the space, here are a few things I wish someone told me early on:

1) Losses are part of the game. Losing your money doesn’t mean you are a failure, It means you’ve learned something, if you take time to understand why the lose happened in the first place.

2) Don't be in a hurry. The reason why most newbies tend to loose alot is because they jump into every green candle they see without taking time to understand why it was so.
 
3) Risk managementt: The market is highly volatile so never carry your "house rent" or "school fees"  to invest into crypto. Always invest what you can afford to loose.

4) Practice DCA Strategy:  For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.

So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️

Lessons are always important and what I have learned is that if something bad hasn't happened the lesson would not be effective. We also have our own lessons that cryptocurrency journey has taught us and we hold them there to our hearts. For me and relax you cannot give up and you cannot be pessimistic. Over and again Bitcoin has shown that, it can be trusted and once you keep to its principles, you will be fine. As your knowledge of Bitcoin increases, the doubt younhve dissipates.

[MusaPk]

We all do mistakes in the beginning that's why we are called beginners in the start. The only difference between a beginner and an expert is that later one never gave up despite bearing loses in the beginning. Their are people who came to crypto only to become rich over night and when they don't get success they exit crypto saying it's a scam. It's also important that we don't jump with huge capital because in the beginning we have to bear loses as part of our learning phase. Loses in the initial stages are the best teachers who guides us how to proceed with crypto in the  future.

[Ronsbit]

I used to have this phobia in trying new trades like investing in crypto as a newbie then, but as time went on, I began to learn how the system works, and although I am not perfect or at mastery, but at my stand, I currently have learnt a little and I gained knowledge about how the crypto system works although I have made mistakes in the past and I have learnt from them and all these put together have given me knowledge also. No man is an island, even if you have little knowledge, work on it and make a better result out of it, and watch as you grow.

[The Cryptovator]

At the beginning, newbies think crypto is the quick-risk method. First of all, we have to change our minds about crypto investment. This isn't any money-making scheme or quick-rich method. When your patience ends, the market will start to move upwards. So we can simply say patience is the key to success, especially if you are dealing with crypto. It's a good and important part that losses are also part of the crypto games. We have to accept the loss sometimes and try to recover later by learning risk management.

I have invested in ARB that cost an average of $1.2, but when it started dumping, I didn't accept the loss and decided to hold longer. As a result, I lost a lot instead of a small amount. If I were sold even ten percent less, then I wouldn't lose such a big amount. The lesson is we have to accept the loss when it's small before the amount becomes bigger. However, still I am holding with patience, and I have faith it will recover. I just mentioned it for example.

[Stalker22]

"Invest what you can afford to lose" - This is, in fact, the only really sound advice you gave, imho.  Never take your "house rent" or "school fees" to invest in crypto. not just for crypto, but for any kind of investing. If newbies actually respected this religiously, then most of them would not be "wondering if crypto is worth it" because they would not be facing financial devastation from their losses. This is not about learning, its about applying common sense.