>One thing I'm sure we all gained is humility. There's a lot less ego around here. **Lessons were learned**, and I can see those lessons being imparted to the new people entering this space.
I have every confidence those lessons will go out the window in the next bull run.
Unfortunately, the only way out is through [the volatility]. We can’t just magically skip to a mature market. The volatility is a blessing for some, and a curse for others. I agree, regulation should help the space, increasing confidence and provide a better backbone, but as for now we just have to enjoy the ride.
Agree with half.
The problem is, a lot of people (consumers, users of these products, etc) want a product where they feel protected, don’t have to worry about rug pulls, and want ease of use and more importantly, ease of trust and some sort of “Justice” if they get scammed.
Not saying that the solution is government regulation, but they are asking for some sort of entity to help protect them. It’s a catch-22, because if you study history, governments naturally form (even if it’s a tribal elder) because people inherently want to be able to trust others to help them. Very few people want to be 100% self dependent on everything since it’s very inefficient.
What lessons.
I still am asking “wen lambo” when driving. I then look at the [tractor](https://www.lamborghini-tractors.com/en-eu/ ) I am driving and realize, RIGHT NOW since I took profits.
***please note I bought a Deere not a Lambo with profits, but same difference.
I just had the flashbacks of me watching that asian crypto youtuber, oh god, so much wasted time, I did realize that he was all bait way before the end of the bullrun, but damn, my stomach hurts
Even better, have a plan for when and how you pull profits. For example, congrats you hit a 3x! Now pull out 50% to guarantee profit and remove risk, then have a play around with the free money afterwards.
Have found this is a good way to itch that gambling urge for the big 10-50xs since you can simply let the other 50% ride with no concern that you’ll fumble the bag!
This is what I’ll be doing!!
It’s hard to take profits in the moment but selling a predetermined % at X price will be easiest for me. I challenge others to even set sell orders at that predetermined price so the profit taking will happen automatically :)
I’m convinced that setting pre-determined sell orders is the only way people will make it.
Everyone thinks they’re a master trader when shit goes up, but we are highly susceptible to greed when things are going well. The only way to bypass this is to take that decision out of your hands
Yeah of course, this is always the issue with making future plans for an investment.
But you’re way of thinking is why people ride pumps all the way up and back down again, always wanting a greater future return without considering the risk involved.
Risk management leads to blunting of potential profit, but at least you can make profit
Like putting $425 in, and pulling $35K out, in steps, and still having over $3k in today’s value, remaining, while having invested the $35k in other interests?
Is that why he wouldn't exchange all the bitcoin in the world for $25 USD? Still the most ridiculous thing I've ever heard out of a financial professional
True, but he's seen losses himself as an investor for more than 70 years. Yet, he wouldn't pass on the opportunity even if everyone else did.
In addition, Bitcoin as an asset has stood the test the time well for more than 10 years in this point, and so far, people are dismissing its capability to bounce back from any bear market it finds itself in. It's all about having the right attitude as an investor: are you one of those who want to get rich quick, or do you want to make big long-term? The choice is simple. Long-term strategies always pays off.
I remember the predictions for BTC to reach anywhere from 100k to 300k this cycle. I thought I was smart being conservative and estimating the top at about 100k. My plan was to “play it safe” and start taking profits once BTC hit 75k. This is now the 2nd cycle I have rode all the way up and all the way down without earning a dime.😂
euphoria is a lot more calmed and "rational" than one can think. those "serious" influencers who are actually moonboys with profesional language are the worst
Yeah I estimated the top at 80 and started pulling at 50, but only small amounts. Thank god I was less sure on my other bets like CRO and pulled them more aggressively, but i've got a lot on the table for BTC still.
I'm doing lines of drywall off a sunbleached 1997 Lamborghini wall calendar right now, so I'd say things are going *pretty* *good* for me.
Probably should have taken profits.
Pulling profits is what I’m bad at. I know things will be going down but I still hold as that’s my strategy, buy low and hold. Granted it’s not terrible but it tends to leave obvious money on the table.
This is why retirement index funds are such good investments. Never have to worry about selling at the wrong time. Never have to worry about a giant crash.
DCA in, DCA out basically!
I use the fear and greed index for this. If the index is below 20-25 I DCA in and when it's above 75-80 I DCA out. No more emotions involved! I use 2,5% +- to DCA in/out everyday of my total investment.
How has that fared for you - made some good profits? Unfortunately I got into crypto during October/November so I'm massively down but happy to wait for the resurgence!
Just google Dollar cost averaging
And as a simple overview for the rest.
And then he is following a simple indicator like this to decide when to dca buy and when to dca sell.
https://alternative.me/crypto/fear-and-greed-index/?daily_hash=5f994f5b4f892bb0e2d77134c9d738b030cb54e1
Selling when greed is dominant
Buying when fear is dominant
In short decide to dca let's say 50euro a week every Monday.
Indicator is showing fear on Monday I buy 50 euro worth of btc
Next week Indicator is extremely greedy I sell 50 euro.
The idea is to average out your buy and sell price rather than trying to hit bottom or top perfectly.
Pick your amount and frequency and go from there.
I don't DCA out, only in, but the concept is the same.
By definition, he's really not DCA'ing because he's still timing against some metric/feeling/belief. True DCA is setting a X investment at Y interval, regardless of literally any factor.
I've been DCA'ing about $100 into BTC every week for the past 3ish years without fail as it is set on auto buy every Friday.
It's not that hard, keep track of what you put in and what you take out total. Let IRS / taxman go through all the transactions if they ever request that information.
You haven't been in long, it seems. Sure short-term trading can make good money until you miss a huge jump. I've been in since 2016.
I've learned to always have bids in from likely to wishful.
DCA and zoom out; see the bigger picture.
Don't listen to those saying, “don’t be greedy.” By listening and pulling out at ten times my capital, I missed out on Millions that would have materialized a few months later.
On coins you aren't sure of, sell your capital invested and ride the rest using the house money.
When people are fudding and prices are low, it's typically the time to buy more than usual.
I'm glad I didn't listen to those saying don't borrow. I started with a 0 percent cc check, knew I could make payments, and went for it—the best decision of my life. In three months, I paid back the capital invested, my credit rating went high, and in six months, I paid off my house and two cars.
Never sell all; you could be making a big mistake if you don't need the money for an emergency DCA and chill.
Fudders and many articles with scientific graphs are there to manipulate. Buy above what they say it's going to, and scale bids in increments.
Diversify. If a coin is hated everywhere you go, but research shows impending growth, it is likely time to buy more than usual.
Have regular buys, too, accumulate. Try not to look at the charts/ prices all the time.
When your low bids or regular bids go through, transfer them to a hardware wallet.
Hold based on goals, not emotions.
Always leave some on the table when you reach your goal; it might go much higher.
Those are some of the lessons I learned. I find it comforting now that I'm still way ahead when it's bearish, and people are freaking out. I enjoy those new cheaper coins.. :)
Oh yeah man lol everyone was bullish on everything lmao I have an account on Stocktwits and the crypto threads on there were insane haha lots of fun though hopefully we see that again.
I've been bearish since the 69k top. I even made a post on here and got ridiculed of course. Fortunately I took profits all the way through.
It's always important to distance yourself from the echo chambers and look at hard facts.
I [did a challenge in 2020 where I sunk in $500 into coins Reddit chose](https://np.reddit.com/r/CryptoCurrency/comments/qnaybk/the_great_moon_experiment_finale_november_5th/).
Held them for a year and distributed the prizes in November 2021.
The *average* gains from the coins at the end was 50x. That's an average. I distributed $10,000.
This didn't include the $15,000 I distributed earlier in the year from dogecoin, so $500 turned into over $25,000. Again, this was just in random stuff Reddit chose, not even the top earners.
All of these things were red glaring signals to take profit and sell, hopefully others saw this as well.
Definitely agree with your sentiment. But assuming most people learned anything is probably not accurate. Next bull run you’ll see the same nonsense. That’s when you know it’s time to sell.
Pull partial profits if chart screams sell. However, you would learn another lesson if you hold for the first crash and anticipating another crash when it is followed by a major run. I held BTC from 6k to 3k back to 14k back to 7k then back up to 10k just to sell everything at 7k the short it to 5k. I then bot all my positions back around 5k then got out at 7k anticipating a more prolong grind.
The rest is history. My lesson learned from those two trades are just to trade the chart and stick to it. If CRO pops up to .4 or .5 and it shows weakness, I will get out some position. If it went back up above resistance, I WILL BUY IT BACK AT A HIGHER PRICE.
There is always some price to be paid depending on your strategy. If you hodl all the way, you could miss all the gains. If you profit taking, you would miss out the big move. However, if you try to take profit while not missing out the big move, you could end up losing more when markets is going side way.
You cannot have all the benefits. You have to pick and choose one and live with the setback of a particular strategy. That's what I learned.
Don’t think next time will be different, the same “wen lambo” and “we’re all geniuses” mentalities will be back during the next bull run. If there’s another bull run.
There’s gonna be another bull run, right? Right? RIGHT?!?
I learned the pull profits lesson and also the ‘this time is different’ lesson in 2017 so thankfully I pulled out mid December and have been dcaing into the big boys while Btc had been under $20k…. Maybe got a cheeky bit over $20k as well.
Lesson learned: Everyone is in crypto just to make profits. This thread confirms it. Nobody speaks of utility, real-world usage or hedge. Not in hindsight or foresight. I’m deeply worried whether crypto can ever work this way.
Here to wallow with you. Saw a coinbase ad mid Nov, got an account for the free crypto. Watched YouTube. Was fairly confident my few hundred $ in random shilledcoins in Nov/Dec would turn into at least 30k by now.... 🙄🤣 ..
.the good thing is now I'm learning about dividend stocks and where to put my next few hundred!
Still have hopes for Algo though
I was busy getting downvoted to hell because I was telling people not to trust Plan B who's a tinfoil hat conspiracy nut with a garbage model that says things will only go up.
I don't even wanna remember. That was so embarrassing for me. I came here at November all time high and I didn't know shit and was so naive so I took all the 100k end of the year in and really thought it was gonna happen.
The dank fucking fish tank i get high to every night thinks otherwiiise.
Pull profits.
Not everyone can pull a lambo.
But be sure to make yourself smile sometimes.
Yup, but each market cycle new people will wash up on the beach, refuse to give up, and start quietly DCAing BTC and ETH. The first lesson in crypto is don't sell. The second lesson is learning to sell and take profits. The ranks of veterans only grow this way.
I really miss those days and I want to see them again because we are here to make some profit and yeah we did many mistakes but we are still here and fighting.
Nothing has changed. Ignorance reigns here. The culture in this community will lead to the same cycle of scams and fraud again. Shame on every one of you buying these scams.
If your biggest lesson is to pull profits you are fucking spare parts bud. open your eyes and look at the harm around you then disengage. And no I haven't gained humility, I've gained outrage at the harm caused here. How many cycles am I going to watch misinformed fools cause the entire ecosystem to buck? Seems at least one more.
>What has changed for you since last year? What lessons have you learned
That No, it's not different this time.
It's exactly the Bloody same as last time!
Wth 100k is chump change. Btc to at least a million.
I’m enjoying the bear market and buying more.
Crypto is tiny 1 trillion market cap now. Pretty sure it will 100x by 2030 and beyond.
That's right spirit in I wish I have that type of spirit with me. You guys are the real source of motivation for me because I am doing DCA and I hope I will be that motivated all the time.
Literally. Just rinse and repeat, buy more crypto, wait for the bull and get a 10x on the money you already 30xed , and then ^maaaaybe you can drop $300k on ONE car.
Although for $300k I'd rather have a collection of like 4-5 cars that I love (50-100k each), each with a different purpose and design.
I really wanted to sell my investments in November but I thought I will just hold it and I will select when it will reach the real value but that's just so late right now.
It will be the time when you change that again it's really common, just don't forget to trust yourself and everything will be a piece of cake for you in the future good luck.
Track profits and expected tax... and to create losses so as to drive tax down.
My first piece of advice to anyone starting in crypto would be to use something like koinly, accointing (They have free modes, so no money down) etc **before** you even sign up to an exchange.
I will never again use margins or leverage. Lost most of my portfolio while caught up in all of the hype. It didn't even feel real lol. Also didn't feel like I could lose. Greed and lack of awareness got me rekt. Now I DCA and just live life LOL.
>One thing I'm sure we all gained is humility. There's a lot less ego around here. **Lessons were learned**, and I can see those lessons being imparted to the new people entering this space. I have every confidence those lessons will go out the window in the next bull run.
Greed overrides every drop of common sense we have.
Nah next time is gonna be different!
It's different because I'm here 
Well another chance to buy at ATHs and sell at the bottom for most of us *proceeds to cry*
**Cries in rug pulls**
Just DCA bro!
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Because it is a casino ? What else do you think this is 😂
TECHNOLOGIE
Ye make yourself think it’s an advanced “technology” and do your “research”
Unfortunately, the only way out is through [the volatility]. We can’t just magically skip to a mature market. The volatility is a blessing for some, and a curse for others. I agree, regulation should help the space, increasing confidence and provide a better backbone, but as for now we just have to enjoy the ride.
>It's seen as a casino to those outside the space That's because it's a fucking (corrupt) casino.
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Agree with half. The problem is, a lot of people (consumers, users of these products, etc) want a product where they feel protected, don’t have to worry about rug pulls, and want ease of use and more importantly, ease of trust and some sort of “Justice” if they get scammed. Not saying that the solution is government regulation, but they are asking for some sort of entity to help protect them. It’s a catch-22, because if you study history, governments naturally form (even if it’s a tribal elder) because people inherently want to be able to trust others to help them. Very few people want to be 100% self dependent on everything since it’s very inefficient.
FOMO fuels the market so I hope people FOMO you know, someone has to buy the all time high.
How are we supposed to lose money otherwise?? 
We can never underestimate human greed and stupidity
Some will remember, but the new people will drown them out in their excitement.
excrement
What lessons. I still am asking “wen lambo” when driving. I then look at the [tractor](https://www.lamborghini-tractors.com/en-eu/ ) I am driving and realize, RIGHT NOW since I took profits. ***please note I bought a Deere not a Lambo with profits, but same difference.
Found clarksons reddit account
Yeah people will go with the "this time it's different" mentality and get burned again. It works like clockwork.
Hope it will change for better this time Else it's going to be double burner roast
2014 -> 2018 -> 2022, double burner roast was 2018, 2026 will be quadruple burner roast!
People threw them out the window last week on a rally 😅
Pull some profits; it makes the wife great in the sack!
Funny how cash gets em so slippery aye
You know it! Chicks love the long ball!
Seems like you have been in crypto for quite a while
Just a year, but I work for a DEX so I'm fairly immersed in the culture.
Greed makes people irrational that's what I've learnt
We just waiting for one tiny green and it will be all chaos.
John Deere Green!
Ahah I was about to say - wait for the next round of new insolent bulls
Wen 2004 Toyota Corolla?
Best I can do for you is a '97, with a manual transmission, and a broken turn signal.
I drove one of those til 2016, only issue was the radio and max A/C. Gave it to a friend who's still driving it well past 300k miles.
Can still go for $5000 in this car market
And it comes with a mice colony and cockroach infestation.
Hey, don't kid yourself. That's a good car!
wen lambo
I regret to inform you that there will be no lambo with Harmony ONE
Don’t forget LUNA
fuck harmony one let's go harmony two
I just had the flashbacks of me watching that asian crypto youtuber, oh god, so much wasted time, I did realize that he was all bait way before the end of the bullrun, but damn, my stomach hurts
EOY Q4 2022 this time for sure. 
100K BTC Q8 2021
Hookers and blow
Not soon enough
Wen lambo x2
2030 orange Lambo 🚀
2026
Lesson I learned…don’t be afraid to lick that ice cream cone! Take profits along the way.
Even better, have a plan for when and how you pull profits. For example, congrats you hit a 3x! Now pull out 50% to guarantee profit and remove risk, then have a play around with the free money afterwards. Have found this is a good way to itch that gambling urge for the big 10-50xs since you can simply let the other 50% ride with no concern that you’ll fumble the bag!
Absolutely! Makes it much less stressful when you playin with house money!
This is my plan. It's kinda like taking the profits and reinvesting half.
This is what I’ll be doing!! It’s hard to take profits in the moment but selling a predetermined % at X price will be easiest for me. I challenge others to even set sell orders at that predetermined price so the profit taking will happen automatically :)
I’m convinced that setting pre-determined sell orders is the only way people will make it. Everyone thinks they’re a master trader when shit goes up, but we are highly susceptible to greed when things are going well. The only way to bypass this is to take that decision out of your hands
Absolutely not. Pulling out early weakens your final return.
Yeah of course, this is always the issue with making future plans for an investment. But you’re way of thinking is why people ride pumps all the way up and back down again, always wanting a greater future return without considering the risk involved. Risk management leads to blunting of potential profit, but at least you can make profit
Like putting $425 in, and pulling $35K out, in steps, and still having over $3k in today’s value, remaining, while having invested the $35k in other interests?
Like waiting for the second November month of the crypto bull run before selling.
If we feel like selling and it is giving some profit then we should do it.
I learned this lesson too. But too late. So now I'm holding bags. It is important though. Take profit. I will next time...Next time...
I made 45k in 3 days then lost it all lmao. Definitely humbled.
Damn at least you made 45k I lost a lot of money too
Pretty sure he meant that his portfolio went up $45k in 3 days, not that he **actually made** $45k in cash.
So you didn't make 45k.
How'd you make 45k?
If they didn't close the trade then he didn't make didky squat
Everyone is a genius during bull runs. Once the tide settles, you'll see who was swimming naked.
Love him or hate him, Warren Buffet knows what's up.
Is that why he wouldn't exchange all the bitcoin in the world for $25 USD? Still the most ridiculous thing I've ever heard out of a financial professional
True, but he's seen losses himself as an investor for more than 70 years. Yet, he wouldn't pass on the opportunity even if everyone else did. In addition, Bitcoin as an asset has stood the test the time well for more than 10 years in this point, and so far, people are dismissing its capability to bounce back from any bear market it finds itself in. It's all about having the right attitude as an investor: are you one of those who want to get rich quick, or do you want to make big long-term? The choice is simple. Long-term strategies always pays off.
I remember the predictions for BTC to reach anywhere from 100k to 300k this cycle. I thought I was smart being conservative and estimating the top at about 100k. My plan was to “play it safe” and start taking profits once BTC hit 75k. This is now the 2nd cycle I have rode all the way up and all the way down without earning a dime.😂
euphoria is a lot more calmed and "rational" than one can think. those "serious" influencers who are actually moonboys with profesional language are the worst
This was precisely my thought process too.
Yeah I estimated the top at 80 and started pulling at 50, but only small amounts. Thank god I was less sure on my other bets like CRO and pulled them more aggressively, but i've got a lot on the table for BTC still.
Most of us are still waiting for EOY 2021
I'm doing lines of drywall off a sunbleached 1997 Lamborghini wall calendar right now, so I'd say things are going *pretty* *good* for me. Probably should have taken profits.
Lesson learned: Moons have little to no usage
Love this comment lol
Pulling profits is what I’m bad at. I know things will be going down but I still hold as that’s my strategy, buy low and hold. Granted it’s not terrible but it tends to leave obvious money on the table.
it does grant you some more peace of mind however. less looking at charts everyday bevause you will hold anyways
Former millionaire sounds worse than temporarily not a millionaire anymore
This is why retirement index funds are such good investments. Never have to worry about selling at the wrong time. Never have to worry about a giant crash.
I'm down 75% soldiers ✊ ✊
Putin? Is that you?
Wen 10k btc?
Imagine how early we will be then
Can’t wait to get that dip
Now that thought is just making my dick hard I don't know why.
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Diamond Dicks
You're a little bit too late for that >!for now!<
2 years ago.
DCA in, DCA out basically! I use the fear and greed index for this. If the index is below 20-25 I DCA in and when it's above 75-80 I DCA out. No more emotions involved! I use 2,5% +- to DCA in/out everyday of my total investment.
How has that fared for you - made some good profits? Unfortunately I got into crypto during October/November so I'm massively down but happy to wait for the resurgence!
Your portfolio must be freaking colossal at this point, index been below 25 for months
Anywhere i can read more in detail about strategies like these? I'd appreciate it cause I'm a complete noob.
Just google Dollar cost averaging And as a simple overview for the rest. And then he is following a simple indicator like this to decide when to dca buy and when to dca sell. https://alternative.me/crypto/fear-and-greed-index/?daily_hash=5f994f5b4f892bb0e2d77134c9d738b030cb54e1 Selling when greed is dominant Buying when fear is dominant In short decide to dca let's say 50euro a week every Monday. Indicator is showing fear on Monday I buy 50 euro worth of btc Next week Indicator is extremely greedy I sell 50 euro. The idea is to average out your buy and sell price rather than trying to hit bottom or top perfectly. Pick your amount and frequency and go from there.
Sounds like a real good strategy link to me, thanks to you.
How often do you check this and dca in/out?
I don't DCA out, only in, but the concept is the same. By definition, he's really not DCA'ing because he's still timing against some metric/feeling/belief. True DCA is setting a X investment at Y interval, regardless of literally any factor. I've been DCA'ing about $100 into BTC every week for the past 3ish years without fail as it is set on auto buy every Friday.
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This. I’ve since been taught this by some smart people like yourself. It will definitely be my new strategy going forward.
Good luck :)
You DCA in/out every single day? That is not a sound investment strategy and your taxes must be a nightmare.
It's not that hard, keep track of what you put in and what you take out total. Let IRS / taxman go through all the transactions if they ever request that information.
Love this idea and I'd like to try the same next time. But how would this work with taxes?
But, what do you mean!? We still have time until the end of 2021, it's only Q7 now, be patient.
Next time I'll probably make the same mistakes.
I'll definitely buy more animal shitcoins Giraffe coins the new meta I hope
Of course we will.We will keep maintaining the tradition of buying high and selling low.
That's why we are in this market we have to keep our pride with us.
You haven't been in long, it seems. Sure short-term trading can make good money until you miss a huge jump. I've been in since 2016. I've learned to always have bids in from likely to wishful. DCA and zoom out; see the bigger picture. Don't listen to those saying, “don’t be greedy.” By listening and pulling out at ten times my capital, I missed out on Millions that would have materialized a few months later. On coins you aren't sure of, sell your capital invested and ride the rest using the house money. When people are fudding and prices are low, it's typically the time to buy more than usual. I'm glad I didn't listen to those saying don't borrow. I started with a 0 percent cc check, knew I could make payments, and went for it—the best decision of my life. In three months, I paid back the capital invested, my credit rating went high, and in six months, I paid off my house and two cars. Never sell all; you could be making a big mistake if you don't need the money for an emergency DCA and chill. Fudders and many articles with scientific graphs are there to manipulate. Buy above what they say it's going to, and scale bids in increments. Diversify. If a coin is hated everywhere you go, but research shows impending growth, it is likely time to buy more than usual. Have regular buys, too, accumulate. Try not to look at the charts/ prices all the time. When your low bids or regular bids go through, transfer them to a hardware wallet. Hold based on goals, not emotions. Always leave some on the table when you reach your goal; it might go much higher. Those are some of the lessons I learned. I find it comforting now that I'm still way ahead when it's bearish, and people are freaking out. I enjoy those new cheaper coins.. :)
Definitely ridiculous, but it was still so much fun though lol
Maybe the real profits is the fun we get along the way.
Super fun. In hindsight it was impossible to keep enthusiasm that high. I remember spamming the daily here and every comment would get 5+ replies
Oh yeah man lol everyone was bullish on everything lmao I have an account on Stocktwits and the crypto threads on there were insane haha lots of fun though hopefully we see that again.
here comes the first one, can we get 4 more to ignite the bull market?
I learned a very valuable lesson indeed. Sometimes the markets will go down. Other times, it will go up. #deepthoughts
Did this in 2017/18, not this time luckily.
Biggest lesson is don’t buy when the market is rallying
Learned not to waste any time watching videos or posts on price predictions for a crypto.
I've been bearish since the 69k top. I even made a post on here and got ridiculed of course. Fortunately I took profits all the way through. It's always important to distance yourself from the echo chambers and look at hard facts.
I [did a challenge in 2020 where I sunk in $500 into coins Reddit chose](https://np.reddit.com/r/CryptoCurrency/comments/qnaybk/the_great_moon_experiment_finale_november_5th/). Held them for a year and distributed the prizes in November 2021. The *average* gains from the coins at the end was 50x. That's an average. I distributed $10,000. This didn't include the $15,000 I distributed earlier in the year from dogecoin, so $500 turned into over $25,000. Again, this was just in random stuff Reddit chose, not even the top earners. All of these things were red glaring signals to take profit and sell, hopefully others saw this as well.
Im just bitter I took profits like a good little investor and "safely" put them places like celcius and Anchor....whooooops!
I'm still doing blow off strippers daily. I dunno what you're talking about 😂
Definitely agree with your sentiment. But assuming most people learned anything is probably not accurate. Next bull run you’ll see the same nonsense. That’s when you know it’s time to sell.
Pull partial profits if chart screams sell. However, you would learn another lesson if you hold for the first crash and anticipating another crash when it is followed by a major run. I held BTC from 6k to 3k back to 14k back to 7k then back up to 10k just to sell everything at 7k the short it to 5k. I then bot all my positions back around 5k then got out at 7k anticipating a more prolong grind. The rest is history. My lesson learned from those two trades are just to trade the chart and stick to it. If CRO pops up to .4 or .5 and it shows weakness, I will get out some position. If it went back up above resistance, I WILL BUY IT BACK AT A HIGHER PRICE. There is always some price to be paid depending on your strategy. If you hodl all the way, you could miss all the gains. If you profit taking, you would miss out the big move. However, if you try to take profit while not missing out the big move, you could end up losing more when markets is going side way. You cannot have all the benefits. You have to pick and choose one and live with the setback of a particular strategy. That's what I learned.
Don’t think next time will be different, the same “wen lambo” and “we’re all geniuses” mentalities will be back during the next bull run. If there’s another bull run. There’s gonna be another bull run, right? Right? RIGHT?!?
I cashed out of everything in late October lol.
I learned the pull profits lesson and also the ‘this time is different’ lesson in 2017 so thankfully I pulled out mid December and have been dcaing into the big boys while Btc had been under $20k…. Maybe got a cheeky bit over $20k as well.
Now I think I should learn that technique to it will be helpful.
Lesson learned: Everyone is in crypto just to make profits. This thread confirms it. Nobody speaks of utility, real-world usage or hedge. Not in hindsight or foresight. I’m deeply worried whether crypto can ever work this way.
Here to wallow with you. Saw a coinbase ad mid Nov, got an account for the free crypto. Watched YouTube. Was fairly confident my few hundred $ in random shilledcoins in Nov/Dec would turn into at least 30k by now.... 🙄🤣 .. .the good thing is now I'm learning about dividend stocks and where to put my next few hundred! Still have hopes for Algo though
This sounds like a real good journey to me which I had like that.
I was busy getting downvoted to hell because I was telling people not to trust Plan B who's a tinfoil hat conspiracy nut with a garbage model that says things will only go up.
Lol same
I don't even wanna remember. That was so embarrassing for me. I came here at November all time high and I didn't know shit and was so naive so I took all the 100k end of the year in and really thought it was gonna happen.
I’ve learned nothing. Wen lambo!
People forget so fast. Like they have one of those little light sticks from men in black.
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Found the noob guys!
The dank fucking fish tank i get high to every night thinks otherwiiise. Pull profits. Not everyone can pull a lambo. But be sure to make yourself smile sometimes.
I learned never use defi again, only trading crypto next bull run and keeping it simple
Yup, but each market cycle new people will wash up on the beach, refuse to give up, and start quietly DCAing BTC and ETH. The first lesson in crypto is don't sell. The second lesson is learning to sell and take profits. The ranks of veterans only grow this way.
First time huh…
Nothing can be the investors in beer market and they have been very well.
I really miss those days and I want to see them again because we are here to make some profit and yeah we did many mistakes but we are still here and fighting.
If my portfolio ever recovers, I'm selling everything and going back to stocks for good. The Crypto space is just too much of a meme
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>The great thing is you can buy on drops and sell profits on peaks. Oooooh!
I read all of that in Morgan Freeman voice and it was awesome.
I'm slowly becoming a BTC and XMR maxi. I don't own xmr yet because I want to get it from a non KYC site but plan to convert all my alts into it.
TradeOgre for XMR
Nothing has changed. Ignorance reigns here. The culture in this community will lead to the same cycle of scams and fraud again. Shame on every one of you buying these scams. If your biggest lesson is to pull profits you are fucking spare parts bud. open your eyes and look at the harm around you then disengage. And no I haven't gained humility, I've gained outrage at the harm caused here. How many cycles am I going to watch misinformed fools cause the entire ecosystem to buck? Seems at least one more.
Sir, this is a casino.
>What has changed for you since last year? What lessons have you learned That No, it's not different this time. It's exactly the Bloody same as last time!
I pulled profits and bought low. I've been doing this one coin at a time since 2012.
We know people will act like that again once things rebound to that level.
I feel attacked on a personal level
“we”? “all”?
*"I've ridden so many things all the way up"* yeah i bet u have, u ole' dirty dog you 👙
Yeah some people sold the top, they aren’t ridiculous
Jokes on you. I was already miserable last November!
Lesson, nobody really knows what is gonna happen.
Lessons learned? Doge is on a fire sale right now?! Much wow, to the moon…
November only? Lucky you
Wth 100k is chump change. Btc to at least a million. I’m enjoying the bear market and buying more. Crypto is tiny 1 trillion market cap now. Pretty sure it will 100x by 2030 and beyond.
That's right spirit in I wish I have that type of spirit with me. You guys are the real source of motivation for me because I am doing DCA and I hope I will be that motivated all the time.
If you go more behind you will find other ridiculous things we said. Is funny to see what people say when they don't know how things will go or be.
Similarly, in another 7 months, much of what we we say now will appear equally stupid
Thw amount of Ls in your ‘all’ is pretty accurate
It's actually pretty interesting that this time last year it was very much the attitude as now. China ban crash had ruined everyone's day.
Yeah, I sold most of mine last November!
What color lambo did you get?
LoL. Even if I had that type of money, I would never buy a lambo.
Same. Ferraris are just an overall better deal for the money nowadays.
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Literally. Just rinse and repeat, buy more crypto, wait for the bull and get a 10x on the money you already 30xed , and then ^maaaaybe you can drop $300k on ONE car. Although for $300k I'd rather have a collection of like 4-5 cars that I love (50-100k each), each with a different purpose and design.
Because that just a luxurious thing and nothing more than that.
I really wanted to sell my investments in November but I thought I will just hold it and I will select when it will reach the real value but that's just so late right now.
me then: 🧠 me now: 🥔
It will be the time when you change that again it's really common, just don't forget to trust yourself and everything will be a piece of cake for you in the future good luck.
Track profits and expected tax... and to create losses so as to drive tax down. My first piece of advice to anyone starting in crypto would be to use something like koinly, accointing (They have free modes, so no money down) etc **before** you even sign up to an exchange.
Arrogance go up when bitcoin go boom. Arrogance go down when bitcoin go crash.
These posts are all so stupid.
Yeah I remember how ridiculous YOU were in November while i turned off my DCA and started selling. This sub is the best sell and buy signal.
"we" "we all" Speak for yourself, most reasonable people knew BTC wasn't hitting $100k in 2021.
I will never again use margins or leverage. Lost most of my portfolio while caught up in all of the hype. It didn't even feel real lol. Also didn't feel like I could lose. Greed and lack of awareness got me rekt. Now I DCA and just live life LOL.
to not buy anything else but bitcoin
But then you switch back into alts just before the next bull run. Right? Riiiight?