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Market Cycle
đ˘What is a market cycle?
đYou may have heard the phrase that âthe market moves in cyclesâ. A cycle is a pattern or trend that emerges at different times. Typically, market cycles on higher time frames are more reliable than market cycles on lower time frames. Even so, you can eventually find small market cycles on an hourly chart just as you may do when looking at decades of data.
đŻMarkets are cyclical in nature. Cycles can result in certain asset classes outperforming others. In other segments of the same market cycle, those same asset classes may underperform other types of assets due to the different market conditions.
đŻItâs worth noting that itâs almost impossible to determine in any given moment where we currently are in a market cycle. This analysis can be done with high accuracy only after that part of the cycle has concluded. Market cycles also rarely have concrete beginning and endpoints. As it turns out, being in the present moment is an exceptionally biased viewpoint in the financial markets.
#FTXSolanaRedemption #USRetailSalesRise #BinanceLaunchpoolCATI #lessonlearned #lessonslearned
đYou may have heard the phrase that âthe market moves in cyclesâ. A cycle is a pattern or trend that emerges at different times. Typically, market cycles on higher time frames are more reliable than market cycles on lower time frames. Even so, you can eventually find small market cycles on an hourly chart just as you may do when looking at decades of data.
đŻMarkets are cyclical in nature. Cycles can result in certain asset classes outperforming others. In other segments of the same market cycle, those same asset classes may underperform other types of assets due to the different market conditions.
đŻItâs worth noting that itâs almost impossible to determine in any given moment where we currently are in a market cycle. This analysis can be done with high accuracy only after that part of the cycle has concluded. Market cycles also rarely have concrete beginning and endpoints. As it turns out, being in the present moment is an exceptionally biased viewpoint in the financial markets.
#FTXSolanaRedemption #USRetailSalesRise #BinanceLaunchpoolCATI #lessonlearned #lessonslearned
#lessonlearned
#SpotTrade
âđ§Always place the same amount of coin (as shown in the red box in the figure) in placing orders to track the profit.
â
â đ§If you complete both buy and sell orders, convert the profit to other coin (e.g. I trade with FDUSD, and convert the profit to USDC.) to track your total profit in a week or month.
$FDUSD
â
#SpotTrade
âđ§Always place the same amount of coin (as shown in the red box in the figure) in placing orders to track the profit.
â
â đ§If you complete both buy and sell orders, convert the profit to other coin (e.g. I trade with FDUSD, and convert the profit to USDC.) to track your total profit in a week or month.
$FDUSD
â
**đ Is He the Biggest Unfortunate Loser in Crypto History? đ**
1. **Stefan Thomas's Story:**
- Stefan Thomas, an early Bitcoin adopter, received 7002 Bitcoins (worth hundreds of millions today) in 2011 for creating an animated video about cryptocurrency.
- Over time, his Bitcoins were stored on an IronKey USB hard drive, but he forgot the password.
2. **Critical Situation:**
- The IronKey allows only 10 password guesses before permanently encrypting its contents.
- Stefan Thomas is now left with only 2 guesses.
**#LessonToBeLearned:**
**a. Double-Edged Sword:**
- We celebrate the decentralization and independence of crypto, which are its greatest attributes. However, they can also pose significant risks.
**b. Value of Passkey Protection:**
- It's crucial to understand the importance of protecting and preserving passwords to avoid devastating situations like Stefan Thomas's.
**Let's Learn from This:**
Protect your passwords to secure your assets!
**#CryptoSecurity #bitcoin #lessonlearned **
**Share to Spread Awareness!**
$BTC $ETH $BNB
1. **Stefan Thomas's Story:**
- Stefan Thomas, an early Bitcoin adopter, received 7002 Bitcoins (worth hundreds of millions today) in 2011 for creating an animated video about cryptocurrency.
- Over time, his Bitcoins were stored on an IronKey USB hard drive, but he forgot the password.
2. **Critical Situation:**
- The IronKey allows only 10 password guesses before permanently encrypting its contents.
- Stefan Thomas is now left with only 2 guesses.
**#LessonToBeLearned:**
**a. Double-Edged Sword:**
- We celebrate the decentralization and independence of crypto, which are its greatest attributes. However, they can also pose significant risks.
**b. Value of Passkey Protection:**
- It's crucial to understand the importance of protecting and preserving passwords to avoid devastating situations like Stefan Thomas's.
**Let's Learn from This:**
Protect your passwords to secure your assets!
**#CryptoSecurity #bitcoin #lessonlearned **
**Share to Spread Awareness!**
$BTC $ETH $BNB
gap fill then fomo then big dip the news and hypes of bull run coming is up next don't buy the news be very diligent my people, side adoption but not fake news #writetoearn #writetolearn #lessonlearned
Some one has lost funds immediately after i bought $TNSR at $1.99.
after he bought it, the price started running down to $1.84 and $1.75 so ,
He had to wait and watch if it will go back up to my entry price but for hours it was still between $1.823 and $1.712, so to avoid stories that touches the heart,
He exit the trade with what is left of my losses.
Guess what, this $TNSR is now at $1.66. at least he exit the trade at $1.8354. $ENA will pay his back his losses.
#lessonlearned if it's not going your way and you see no hope,
He just exit the trade and enter another with a coin that has better potential and always watch the trend plus news behind the coin you are about to trade. DYOR. #write2earnđđš đđš $
after he bought it, the price started running down to $1.84 and $1.75 so ,
He had to wait and watch if it will go back up to my entry price but for hours it was still between $1.823 and $1.712, so to avoid stories that touches the heart,
He exit the trade with what is left of my losses.
Guess what, this $TNSR is now at $1.66. at least he exit the trade at $1.8354. $ENA will pay his back his losses.
#lessonlearned if it's not going your way and you see no hope,
He just exit the trade and enter another with a coin that has better potential and always watch the trend plus news behind the coin you are about to trade. DYOR. #write2earnđđš đđš $
đ Hamster Kombat - 117 Days Wasted... đšâł
Iâve been playing Hamster Kombat for 117 days, grinding hard, only to be called out for cheating this season. đ Itâs a tough pill to swallow, knowing Iâve just wasted all that time and effort. The September 26, 2024 airdrop? Gone.
It feels pretty awful, but itâs a reminder that shortcuts never pay off in the long run. Iâll come back stronger next season, but for now, this one hurts. đ
Anyone else ever been through this? How do you move forward after something like this? Let me know.
It feels pretty awful, but itâs a reminder that shortcuts never pay off in the long run. Iâll come back stronger next season, but for now, this one hurts. đ
Anyone else ever been through this? How do you move forward after something like this? Let me know.
#lessonlearned
âTo newbie,
â
ââ˘Try SPOT trading.
â
ââ˘First, choose one or two coins (e.g. I choose BTC and DOGE). Focus ONLY on what you choose. Don't be distracted by other coins, whatever it is.
â
ââ˘The price goes up and down in a day. Check previous 24 hour high and low data which will give you a reference roughly. (But the market may go unexpectedly.) Set your buying price and selling price.
â
ââ˘I take the profit even though it is small (e.g. around 5 - 15$). A collection of small profits will make a big one later.
â
ââ˘The most important thing is DO NOT follow your emotions; set your goal and stick to it. Continue learning. Otherwise greed will make you bleed.
â
$BTC $DOGE
â
âTo newbie,
â
ââ˘Try SPOT trading.
â
ââ˘First, choose one or two coins (e.g. I choose BTC and DOGE). Focus ONLY on what you choose. Don't be distracted by other coins, whatever it is.
â
ââ˘The price goes up and down in a day. Check previous 24 hour high and low data which will give you a reference roughly. (But the market may go unexpectedly.) Set your buying price and selling price.
â
ââ˘I take the profit even though it is small (e.g. around 5 - 15$). A collection of small profits will make a big one later.
â
ââ˘The most important thing is DO NOT follow your emotions; set your goal and stick to it. Continue learning. Otherwise greed will make you bleed.
â
$BTC $DOGE
â
Crypto 101: Beginnerâs Guide to Smarter Trading đ 10 Must-Know Crypto Lessons for Beginners đ
With 10 key tips and tricks, youâll unlock the power to navigate the crypto market like a pro. Itâs time to supercharge your crypto trading and set the stage for success!
1. Learn What Crypto Is đ§
⢠đĄ Crypto is digital money that runs on technology called blockchain. Each coin is different:
⢠Bitcoin (BTC): Like digital gold.
⢠Ethereum (ETH): Powers apps and games.
đ Example: If Ethereum costs $2,000, youâre not just buying moneyâyouâre investing in a platform that powers things like DeFi apps!
2. Only Use Money You Can Afford to Lose đ¸
⢠â ď¸ Crypto prices are unpredictable. Never invest money you need for rent, food, or school supplies.
⢠Think: âWhat if I lose this money? Will I be okay?â
đ Example: In 2021, Bitcoin hit $69,000 but later dropped to $20,000. If you put $500 at $69,000, youâd have only $145 left. Ouch! đ°
3. Start Small and Grow Your Money đľđą
⢠đž Begin with a small amount and gradually increase as you learn.
⢠Look for coins with steady growth or participate in staking to earn rewards.
đ Example:
⢠You invest $100 in Bitcoin. If Bitcoin grows 10% in a month, your $100 becomes $110.
⢠Repeat this process, and over a year, small gains compound into big rewards!
4. Learn to Read Charts đ
⢠Crypto prices follow patterns. Learn technical analysis to spot trends.
⢠đ Uptrend: Prices are rising (bullish).
⢠đ Downtrend: Prices are falling (bearish).
đ Example: Bitcoin moves from $20,000 to $25,000. If it breaks past $25,000, it might go higherâthatâs when traders buy!
5. Take Advantage of Compounding đđ°
⢠Compounding means earning on both your investment and your profits.
⢠Reinvest your gains to grow your money faster.
đ Example:
⢠Month 1: You invest $100 and earn 10% â Now you have $110.
⢠Month 2: Reinvest $110 and earn 10% â Now you have $121.
⢠Month 12: Your $100 grows to $313 with just 10% monthly gains! đ
6. Donât Follow the Crowd đśââď¸đśââď¸
⢠FOMO (Fear of Missing Out) leads to bad decisions.
⢠When everyone is talking about a coin, itâs often too late to buy.
đ Example: In 2021, Dogecoin went from $0.05 to $0.73 after Elon Musk tweeted. Many bought at $0.73, but the price crashed to $0.10. If you bought $500 at $0.73, youâd now have only $68. đŹ
7. Keep Your Crypto Safe đ
⢠Hackers love crypto! Use secure wallets:
⢠đ Hot Wallets: Apps like Trust Wallet (easy but less secure).
⢠đĄď¸ Cold Wallets: Hardware wallets like Ledger (offline and super secure).
đ Example: If you leave $1,000 on an exchange and it gets hacked, you lose everything. But if itâs in a cold wallet, itâs safe!
8. Avoid Borrowing Money to Trade (Leverage) âď¸
⢠Leverage lets you trade with borrowed money, but itâs very risky.
⢠đŁ If the price drops, you could lose everythingâeven more than you invested.
đ Example:
⢠You have $100 and use 10x leverage to trade $1,000. If the price goes up 10%, you earn $100.
⢠But if it drops 10%, you lose your whole $100. Not worth it!
9. Use Dollar-Cost Averaging (DCA) đŞ
⢠DCA means investing a fixed amount regularly, no matter the price.
⢠It reduces risk and helps you buy at an average price over time.
đ Example:
⢠Invest $50 every month in Bitcoin for a year.
⢠When prices are high, you buy less. When prices are low, you buy more.
⢠Over time, your cost evens out, and you avoid panic-buying at peaks!
10. Stay Calm and Stick to Your Plan đ§ââď¸
⢠Donât let emotions like excitement, fear, or greed control your trades.
⢠đ Make a plan:
⢠âIf Bitcoin drops to $25,000, Iâll buy.â
⢠âIf it hits $30,000, Iâll sell.â
đ Example: If prices move fast, itâs easy to panic and change your mind. But sticking to your plan often works better!
Bonus Tips to Grow Small Money đľđ
1. Staking Rewards:
⢠Stake coins like Ethereum or Cardano to earn 4-8% annually.
⢠Example: Stake $1,000 in Cardano at 5% â You earn $50/year just for holding!
2. HODL Strategy:
⢠Buy and hold coins with strong potential like Bitcoin or Ethereum.
⢠Over 5 years, Bitcoin has grown from $3,000 to over $30,000âa 10x increase!
3. Focus on Low Fees:
⢠Use exchanges with low trading fees like Binance or Coinbase Pro.
⢠High fees can eat into your profits.
Final Thoughts
đ Crypto trading can be fun and rewarding, but itâs risky. Start small, stay safe, and donât rush. Remember, itâs a marathon, not a sprint! đââď¸ Keep learning, and soon, youâll be trading like a pro. đŞ
đŹ Did you find these tips helpful?
đ Follow for more beginner-friendly crypto advice!
đ Like & Share this post with your friends who are new to crypto! Letâs grow together! đ
#BeginnerTrader
#BeginnerGuide
#CryptoDecision
#CryptoTrading.
#lessonlearned
1. Learn What Crypto Is đ§
⢠đĄ Crypto is digital money that runs on technology called blockchain. Each coin is different:
⢠Bitcoin (BTC): Like digital gold.
⢠Ethereum (ETH): Powers apps and games.
đ Example: If Ethereum costs $2,000, youâre not just buying moneyâyouâre investing in a platform that powers things like DeFi apps!
2. Only Use Money You Can Afford to Lose đ¸
⢠â ď¸ Crypto prices are unpredictable. Never invest money you need for rent, food, or school supplies.
⢠Think: âWhat if I lose this money? Will I be okay?â
đ Example: In 2021, Bitcoin hit $69,000 but later dropped to $20,000. If you put $500 at $69,000, youâd have only $145 left. Ouch! đ°
3. Start Small and Grow Your Money đľđą
⢠đž Begin with a small amount and gradually increase as you learn.
⢠Look for coins with steady growth or participate in staking to earn rewards.
đ Example:
⢠You invest $100 in Bitcoin. If Bitcoin grows 10% in a month, your $100 becomes $110.
⢠Repeat this process, and over a year, small gains compound into big rewards!
4. Learn to Read Charts đ
⢠Crypto prices follow patterns. Learn technical analysis to spot trends.
⢠đ Uptrend: Prices are rising (bullish).
⢠đ Downtrend: Prices are falling (bearish).
đ Example: Bitcoin moves from $20,000 to $25,000. If it breaks past $25,000, it might go higherâthatâs when traders buy!
5. Take Advantage of Compounding đđ°
⢠Compounding means earning on both your investment and your profits.
⢠Reinvest your gains to grow your money faster.
đ Example:
⢠Month 1: You invest $100 and earn 10% â Now you have $110.
⢠Month 2: Reinvest $110 and earn 10% â Now you have $121.
⢠Month 12: Your $100 grows to $313 with just 10% monthly gains! đ
6. Donât Follow the Crowd đśââď¸đśââď¸
⢠FOMO (Fear of Missing Out) leads to bad decisions.
⢠When everyone is talking about a coin, itâs often too late to buy.
đ Example: In 2021, Dogecoin went from $0.05 to $0.73 after Elon Musk tweeted. Many bought at $0.73, but the price crashed to $0.10. If you bought $500 at $0.73, youâd now have only $68. đŹ
7. Keep Your Crypto Safe đ
⢠Hackers love crypto! Use secure wallets:
⢠đ Hot Wallets: Apps like Trust Wallet (easy but less secure).
⢠đĄď¸ Cold Wallets: Hardware wallets like Ledger (offline and super secure).
đ Example: If you leave $1,000 on an exchange and it gets hacked, you lose everything. But if itâs in a cold wallet, itâs safe!
8. Avoid Borrowing Money to Trade (Leverage) âď¸
⢠Leverage lets you trade with borrowed money, but itâs very risky.
⢠đŁ If the price drops, you could lose everythingâeven more than you invested.
đ Example:
⢠You have $100 and use 10x leverage to trade $1,000. If the price goes up 10%, you earn $100.
⢠But if it drops 10%, you lose your whole $100. Not worth it!
9. Use Dollar-Cost Averaging (DCA) đŞ
⢠DCA means investing a fixed amount regularly, no matter the price.
⢠It reduces risk and helps you buy at an average price over time.
đ Example:
⢠Invest $50 every month in Bitcoin for a year.
⢠When prices are high, you buy less. When prices are low, you buy more.
⢠Over time, your cost evens out, and you avoid panic-buying at peaks!
10. Stay Calm and Stick to Your Plan đ§ââď¸
⢠Donât let emotions like excitement, fear, or greed control your trades.
⢠đ Make a plan:
⢠âIf Bitcoin drops to $25,000, Iâll buy.â
⢠âIf it hits $30,000, Iâll sell.â
đ Example: If prices move fast, itâs easy to panic and change your mind. But sticking to your plan often works better!
Bonus Tips to Grow Small Money đľđ
1. Staking Rewards:
⢠Stake coins like Ethereum or Cardano to earn 4-8% annually.
⢠Example: Stake $1,000 in Cardano at 5% â You earn $50/year just for holding!
2. HODL Strategy:
⢠Buy and hold coins with strong potential like Bitcoin or Ethereum.
⢠Over 5 years, Bitcoin has grown from $3,000 to over $30,000âa 10x increase!
3. Focus on Low Fees:
⢠Use exchanges with low trading fees like Binance or Coinbase Pro.
⢠High fees can eat into your profits.
Final Thoughts
đ Crypto trading can be fun and rewarding, but itâs risky. Start small, stay safe, and donât rush. Remember, itâs a marathon, not a sprint! đââď¸ Keep learning, and soon, youâll be trading like a pro. đŞ
đŹ Did you find these tips helpful?
đ Follow for more beginner-friendly crypto advice!
đ Like & Share this post with your friends who are new to crypto! Letâs grow together! đ
#BeginnerTrader
#BeginnerGuide
#CryptoDecision
#CryptoTrading.
#lessonlearned
#lessonlearned
6 weeks of cryptocurrency experience
stay away from futures (although difficult)
need patience
stay stronger
stay informed
DYOR
keep investing more in red cryptocurrency until you see them greener daily.
6 weeks of cryptocurrency experience
stay away from futures (although difficult)
need patience
stay stronger
stay informed
DYOR
keep investing more in red cryptocurrency until you see them greener daily.
Hey friends! I'm sharing a cautionary tale, and it's a doozy. I recently got scammed out of $5,000 in cryptocurrency. Yeah, I know, I know - it's a rookie move. But here's the thing: the scammer was slick, and I was... well, let's just say "overly optimistic".
But here's the silver lining: I learned a valuable lesson, and I want to pass it on to you all! Don't let greed cloud your judgment, and always do your research. And most importantly, never invest more than you can afford to lose (like, duh!).
So, let this be a warning to all my fellow crypto enthusiasts: stay vigilant, stay smart, and don't let the scammers get you down!
#cryptocurrency #SCAMalerts #lessonlearned #stayvigilant
But here's the silver lining: I learned a valuable lesson, and I want to pass it on to you all! Don't let greed cloud your judgment, and always do your research. And most importantly, never invest more than you can afford to lose (like, duh!).
So, let this be a warning to all my fellow crypto enthusiasts: stay vigilant, stay smart, and don't let the scammers get you down!
#cryptocurrency #SCAMalerts #lessonlearned #stayvigilant
I've been reflecting on my first bull run experience, and let me tell you, I've learned some tough lessons. There's a lot I wish I knew before diving in. One biggie? Keeping a close eye on my timeline. Seriously, it's crucial. The excitement of a bull run can mess with your head, making you do some crazy things. Suddenly, you're seeing money you never dreamed of, and it's easy to get swept up in the hype. But here's the kicker: that "to the moon" mentality? It's a trap. Trust me, I fell for it. Plus, following too many influencers and experts just adds to the chaos. They're all shouting about the next big thing, and before you know it, you're chasing memes and narratives until your money's gone. Lesson learned: stay grounded, and don't believe the hype.
#lessonlearned #bullrunmistakes #HotTrends
#lessonlearned #bullrunmistakes #HotTrends
Claim Free Reward From Binance đđ
Claim Free Reward From Binance Upto 10 USDT
#HotTrends #BTC #Write2Erarn
Claim Free Reward From Binance Upto 10 USDT
#HotTrends #BTC #Write2Erarn
#lessonlearned
In October 2023, I started my journey in Crypto World as a newbie. I have learned through the Binance academy and other resources and spent much time of the day learning.
I built my number step by step while learning the concepts, but last November, I lost 1,400 USD in Future Trading even though I have studied a lot. As my assets were around 5,000 USD at that time, 1,400 was much. From my loss, I took lessons and now have been staying in Spot Trading. And now I have gained more even after recovering the previous loss.
**Keep learning and DON'T BE GREEDY.
IT'S IMPORTANT. Be Patient.
Build the assets gradually and don't forget to learn.
#learningbyloosing
In October 2023, I started my journey in Crypto World as a newbie. I have learned through the Binance academy and other resources and spent much time of the day learning.
I built my number step by step while learning the concepts, but last November, I lost 1,400 USD in Future Trading even though I have studied a lot. As my assets were around 5,000 USD at that time, 1,400 was much. From my loss, I took lessons and now have been staying in Spot Trading. And now I have gained more even after recovering the previous loss.
**Keep learning and DON'T BE GREEDY.
IT'S IMPORTANT. Be Patient.
Build the assets gradually and don't forget to learn.
#learningbyloosing
Experiencing financial losses in trading can be stressful and disheartening. Here are some steps to help you recover and improve your trading approach:
1. **Analyze Your Trades**
- **Review Your Losses**: Identify patterns and reasons for your losses. Were they due to market volatility, poor timing, emotional decisions, or lack of information? Understanding the causes helps you avoid repeating mistakes.
- **Learn from Mistakes**: Use each loss as a learning opportunity. Document what went wrong and how you can improve your strategy in the future.
2. **Risk Management**
- **Set Stop-Loss Orders**: Always use stop-loss orders to limit potential losses on each trade. This helps protect your capital from significant downturns.
- **Diversify Your Portfolio**: Spread your investments across various assets to minimize risk. Diversification helps cushion against the volatility of individual assets.
3. **Emotional Discipline**
- **Avoid Emotional Trading**: Making decisions based on fear or greed often leads to losses. Stick to your trading plan and avoid impulsive actions.
- **Take Breaks**: If youâre feeling overwhelmed, take a step back from trading. Clear your mind and return with a fresh perspective.
4. **Education and Strategy
- **Continuous Learning**: Stay informed about market trends, trading strategies, and economic factors. The more you know, the better prepared youâll be to make informed decisions.
-Conclusion
Recovering from financial losses in trading requires patience, discipline, and a strategic approach. By analyzing past trades, implementing risk management techniques, maintaining emotional discipline, continuously learning, and seeking support, you can improve your trading performance and gradually rebuild your financial position.
#DontPanicitsOrganic
#lessonlearned
#BillionaireTrader
1. **Analyze Your Trades**
- **Review Your Losses**: Identify patterns and reasons for your losses. Were they due to market volatility, poor timing, emotional decisions, or lack of information? Understanding the causes helps you avoid repeating mistakes.
- **Learn from Mistakes**: Use each loss as a learning opportunity. Document what went wrong and how you can improve your strategy in the future.
2. **Risk Management**
- **Set Stop-Loss Orders**: Always use stop-loss orders to limit potential losses on each trade. This helps protect your capital from significant downturns.
- **Diversify Your Portfolio**: Spread your investments across various assets to minimize risk. Diversification helps cushion against the volatility of individual assets.
3. **Emotional Discipline**
- **Avoid Emotional Trading**: Making decisions based on fear or greed often leads to losses. Stick to your trading plan and avoid impulsive actions.
- **Take Breaks**: If youâre feeling overwhelmed, take a step back from trading. Clear your mind and return with a fresh perspective.
4. **Education and Strategy
- **Continuous Learning**: Stay informed about market trends, trading strategies, and economic factors. The more you know, the better prepared youâll be to make informed decisions.
-Conclusion
Recovering from financial losses in trading requires patience, discipline, and a strategic approach. By analyzing past trades, implementing risk management techniques, maintaining emotional discipline, continuously learning, and seeking support, you can improve your trading performance and gradually rebuild your financial position.
#DontPanicitsOrganic
#lessonlearned
#BillionaireTrader
#lessonlearned
If you are not experienced enough, try spot trading and learn. Better not to dive into future trading. đľđľđľ
Greed leads to bleeding đŠ¸. Control your emotion.
If you are not experienced enough, try spot trading and learn. Better not to dive into future trading. đľđľđľ
Greed leads to bleeding đŠ¸. Control your emotion.
Hey everyone,
Let's share our experiences and what we've gained and lost so far in the crypto world. I started trading last July with only 50 USDT in spot by following others. Over time, I deposited more money and reached $1,000. I gained knowledge about how things work, and my confidence grew. So far, I've invested around $1,800 and made a net profit of $800.
I've made some awful mistakes, as we probably all do when starting something new. I was impatient and missed many good chances to double my portfolio. For instance, I had $600 worth of $REI in my portfolio, which I sold at break-even after holding for more than a month. Then, it jumped around 10Ăâmy biggest mistake. The same scenario happened with $FIDA ; I sold it early, and it pumped 2Ă right after I liquidated it.
But now, I've learned one thing: don't sell at a loss and don't check your portfolio repeatedly. It's a mind game, and only the patient ones are going to make it.
Please share your thoughts and experiences; it would be appreciated. Your previous advice has mattered a lot.
#Crypto #Binance #NewTrader #CryptoCommunity #Investment #lessonlearned #btc70k #altsesaon #ProfitAndLoss
Let's share our experiences and what we've gained and lost so far in the crypto world. I started trading last July with only 50 USDT in spot by following others. Over time, I deposited more money and reached $1,000. I gained knowledge about how things work, and my confidence grew. So far, I've invested around $1,800 and made a net profit of $800.
I've made some awful mistakes, as we probably all do when starting something new. I was impatient and missed many good chances to double my portfolio. For instance, I had $600 worth of $REI in my portfolio, which I sold at break-even after holding for more than a month. Then, it jumped around 10Ăâmy biggest mistake. The same scenario happened with $FIDA ; I sold it early, and it pumped 2Ă right after I liquidated it.
But now, I've learned one thing: don't sell at a loss and don't check your portfolio repeatedly. It's a mind game, and only the patient ones are going to make it.
Please share your thoughts and experiences; it would be appreciated. Your previous advice has mattered a lot.
#Crypto #Binance #NewTrader #CryptoCommunity #Investment #lessonlearned #btc70k #altsesaon #ProfitAndLoss
lost all my savings , it took me 2 years to save this amount . Im so lost right now. Well that's life.. i became greedy . all i want is a comfortable life. I am winning last month , I thought I will never lose. Goodbye crypto , see you again after a year, I'll save up again and I will never enter the futures again . #bitcoin #liquidated #IOprediction #lessonlearned
My Lesson for the Week.
Less Trading and more Hodling.
My lesson is that moving your funds around to try catch the next pump is a futile exercise. In fact, itâs probably capital destructive unless if you strike it lucky đ. I lost a lot this week chasing pumps and getting dumps.
Less Trading and more Hodling.
#lessonlearned
Less Trading and more Hodling.
My lesson is that moving your funds around to try catch the next pump is a futile exercise. In fact, itâs probably capital destructive unless if you strike it lucky đ. I lost a lot this week chasing pumps and getting dumps.
Less Trading and more Hodling.
#lessonlearned