Lessons from the Crypto Market

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gwei_2021Member
Posts: 1 · Reputation: 87
#1May 20, 2020, 08:08 PM
Nobody really has a clue if we're at the peak of the crypto market or what. You might be riding a bull trend without even realizing it, or stuck in a bear phase feeling anxious about making a move. There's always chatter and headlines that toss you between fear and greed, which used to be my biggest struggle... The crypto scene isn’t just about making money; it’s a real test of your patience and belief. From your own experiences, what’s a key takeaway you’ve had?
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wagmiMember
Posts: 25 · Reputation: 111
#2May 21, 2020, 02:16 AM
My problem with you op is that you don't really know where to place your post, even after knowing that this is bitcoin discussion board, you continue to use the word crypto, if you want to talk about altcoins go to altcoins discussion board and do that but if you want to talk about bitcoin then use the name bitcoin and stop, hovering around with no definite coin you're talking about, then if you want to discuss general market mindset and notices, speculation board is there. However, bitcoin consider asset is not a test of patience but you perhaps should be patient especially when you have a long term called for bitcoin call.
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fox_2011Member
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#3May 21, 2020, 04:38 AM
I can see where the fear is coming from op hahaha, is like you didn't invest what you can afford to lose in BTC, because is the only thing can make you to be afraid whenever the price is pumping and dumping in the crypto industry. Don't allow anyone to use this thread to deceive you that they know crypto market price accurate for you to depend on their advise or prediction, because the price of BTC can change anytime to dump or pump. Assume Crypto market is not about money why are you wasting your time on crypto market, because you follow up with the market price to know when to buy or trade your coins in the market to make money.
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byte1337Member
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#4May 21, 2020, 08:35 AM
This is why it is always nice to prioritize Bitcoin over shitcoin, and when you do, there's no reason to feel scared whenever you invest in it for the long term because it's the only crypto so far with the potential of not going to zero. Even the shitcoin CEO knows this, but only a few of them can come out like Charlie Lee did when he said The crypto taught me the knowledge of understanding that change is always constant, and having two or more plans for things. The crypto market also taught me the importance of discipline, never to trust influencers/KOLs over myself, and how the financial market works.
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dan_altMember
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#5May 23, 2020, 04:46 AM
The crypto market is displaying a high level of unpredictability for the past week now and we have being held in between if there's going to follow with the bears from now on or there's still what could be referred to as the last pump to happen before the end of the bulls. At this moment it's riskier to allocate any funds to altcoins  except for those who have funds to gamble with. Though bitcoin price have the signs of rising and it's the only coin I can recommend for an investor to boldly have faith on without fears.
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#6May 24, 2020, 03:36 AM
I always look for more people know about being able to invest into trusted stuff, instead of shitcoins. Many people either use bitcoin with high leverage to get great results, or they use low cap shitcoins. Because they want 10x, and getting 10% is not enough for them on an investment. I am sorry but that is how it moves and we can't really change that, it's going to be the way to move. Shitcoins will end up with bunch of issues for you and you are going to lose all your money. In fact, most of the shitcoins are scams too, so that means you can literally lose all you have, to zero. So there is no reason to do this, just stay away from them and we are going to end up with a bunch of amazing returns without a doubt.
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ledger_gweiFull Member
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#7May 24, 2020, 07:36 AM
The lesson I learned is that if you try to time the market be ready to get broke. Crypto majority of crypto millionaires born from holding not from timing the market. The true bitcoin holders are unscathed when the market got liquidated massively. Just DCA and Hodl.
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falcon404Full Member
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#8May 24, 2020, 07:50 AM
Not to sell when you don't need the money. To be honest, even if the market is at peak and you don't know when the market will go down and you're not yet in need, don't do it. Well, this is for me because I've sold too early even if I don't need the market. There's an exception though, it's good to take profits when the market is at high and you're thinking of taking it because that's what you have planned and it's about being satisfied when you're taking the profits. The market can take a long time before it recovers so, plan your selling time.
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markvaultMember
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#9May 24, 2020, 10:21 AM
All you said here are very true, and I also think the same way about all these. Most Investors fails to take notice of how alt and meme coin falls even more than they rise, that's why they invest crazy amount of money in them hoping to make it big, without knowing that they are just gambling with their hard earned money, but with Bitcoin, you can be very confident because no matter how dip it fell, it will always rally back and even set a new all time high in the process as long as you are patient enough to hold and wait, not alt or meme coin that are full of disappointment.
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atlas2014Full Member
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#10May 24, 2020, 11:55 AM
I completely relate to this, for me the biggest lesson has been learning emotional discipline. Early on I used to chase every pump and panic-sell at every dip. Over time I realised the importance of having a clear plan, sticking to it and not letting FOMO or fear dictate my moves. I understand that crypto cycles are just part of a much bigger picture, it’s easier to appreciate the innovation and progress being built in each phase, even during the painful corrections. Crypto taught me patience, self-control and conviction, lessons that go way beyond trading charts.
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lynx_2016Member
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#11May 24, 2020, 12:31 PM
Nope, I beg to disagree, because cryptocurrency is really all about money, nothing else. Because if no one is willing to take risks here, they won't experience making a profit, and they won't know where they are making mistakes so they can learn here, just simple as that. Because cryptocurrency or Bitcoin is an opportunity for everyone who believes in it. It's also an opportunity for scammers and hackers, OP. Do you believe what I am saying? Because these are the facts of this crypto space industry.
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lonealphaMember
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#12May 24, 2020, 04:29 PM
It takes an experienced trader to know what's going on in the market. We just read it on the news about the market situation because many of us aren't very savvy and lack the insight to check market performance. The market is all about money if you know the right timing to dump and accumulate. What I've learned is not to believe everything you see, and if you don't know how to ride the ups and downs, you will get cooked. There's no better way to gain insight than to practice patience and learn from your experience.
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boss_2014Member
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#13May 24, 2020, 04:50 PM
For a beginner, it will be hard, they will be like what is happening and I have no clue about my next move but if you are someone who is here for a cycle or more then you may have an idea of what is happening and even if you can't predict the short term trends, you can get an idea about how high it can go and when it will be considered that we are in bear...
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ninja1337Member
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#14May 24, 2020, 07:56 PM
As you said that is all about fait and patience is not easy at all when you are seeing your self going at the vage of distraction and you keep going ,many run because they where not teach enough,many just use because of how they have heard that crypto gives money that started investing which they don't know how it works , that's why you see a lot of people don't have faith and patience over Bitcoin investment trading ,we should teach people first before selling them to invest.
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#15May 24, 2020, 10:05 PM
It teaches me to be wise and be flexible in my decisions because the market is very uncertain and very volatile. What you want to happen or what you expect to happen sometimes becomes the opposite, so doing endless research in the market and your portfolio is very important. Another thing that teaches me is to continue learning, we are our bank, our funds protection, and the value we place on what we learned about the market and cryptocurrency we've invested in.
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