Which Skill Has Contributed Most to Your Success in Crypto?

[kingstep]

One thing I've noticed is that people don't all reach the same results in crypto for the same reasons.

Some people seem to excel because they're good at trading or that they are good at technical analysis or that they are good at digging into information and doing their own research. Others benefit more from patience, discipline, risk management, or simply knowing when to stay out of the market.

Looking back on your own journey, if you had to choose one skill that has made the biggest difference for you, what would it be?

I'm not asking what sounds best on paper, but what has genuinely had the biggest impact on your decisions and outcomes. i know it is likely not always the trading and technical skill that gives you all the positives you have had in crypto right?

[Karl_3000]

Some people seem to excel because they're good at trading or that they are good at technical analysis or that they are good at digging into information and doing their own research. Others benefit more from patience, discipline, risk management, or simply knowing when to stay out of the market.

Trading will only make some people poor, it is not good to trade especially if you are losing all the time. Just stop trading and focus on investment is a very good solution.

Looking back on your own journey, if you had to choose one skill that has made the biggest difference for you, what would it be?

Holding bitcoin has been what that helped me the most, which is not what I consider as a skill because it is very easy and not time consuming to invest in bitcoin.

[OcTradism]

One thing I've noticed is that people don't all reach the same results in crypto for the same reasons.

Some people seem to excel because they're good at trading or that they are good at technical analysis or that they are good at digging into information and doing their own research. Others benefit more from patience, discipline, risk management, or simply knowing when to stay out of the market.

Knowing when to stay out of the market sounds like for trading and traders, not for investing and investors.

Because with Bitcoin investors, it's good if they are going long term with Bitcoin and their Bitcoin investment, that means they regularly and continuously accumulate bitcoin over time. They with good knowledge and experience won't likely feel fearful with market crashes and bear market because such market conditions and time are greatest opportunities for accumulation, very possible with Dollar Cost Averaging strategy.

With traders, it's sure that trading is more risky than investing, and traders must know how to stay out of the market like you said. Meanwhile, all traders must use stop loss order or stop limit order to protect their trading capital, minimize loss as best as possible.

[Guide] Stop loss order: one of best weapons in trading.[url]

[Somegory]

Been selflessness and willing to learning, I'm also not afraid of making mistakes unlike how we are thought in school like making mistakes and failure is a demonic spirit feeding on our souls.

Even when I lose big or I failed, I always look into the world, especially my surroundings, there are too much examples as to why we must not take failure too seriously.

We as humans, are all living on borrowed time, someone I knew finally build his dream house, he has been on it for the past 8 years and right after he finished it he died.

A uncle of mine promised to take me out of the country after he finally got his visa to work abroad, few months to the date he promised he died, it's already a blessing that we are alive.

[michellee]

I benefit from patience, discipline in investment side and a little skills in trading. But if I had to choose one skill, I will choose patience while investing in Bitcoin because that gives me a nice result in my journey. I can hodl for a long term since few years ago and sell at a new ATH although I don't get the real ATH but that still high price.

I am not too good in trading. Sometime I profit but other time I lose but I guess that still profit. But I am not a daily trader and only occasionally especially if market moves good or rally on the high price.

[lovesmayfamilis]

I can't say that I am particularly successful in cryptocurrency, but yes, I have always appreciated the skills that my parents passed on to me: neatness and lack of fuss everywhere, as well as the absence of features characteristic of scammers. I don't put money first, but I am genuinely interested in some things that help me in life. The forum community helped me broaden my horizons and look at the lives of many people, and also taught me patience, which was useful to me not only in the online environment, but also in real life.  Perhaps these are not some kind of material skills, but communication with different people has played a significant role in my success, which, although not necessarily in terms of wealth, naturally affects my inner well-being.