Well hello there,

i'm new to Cryptos but not new to investing.

So as dumb as I am - ignoring the properties of a highly volatile and unregulated market, I invested a huge amount at ~4100€ (almost ATH), woke up to a 10% loss and sold everything in two charges at a -15% loss.
The hodlers who bought high amuse me: "I am not loosing money until I sell it" - well sure you loose money, the value of your asset declines.
Any investor with half a brain will tell you that a secret to success is limiting your losses (risk).
So at first I regreted my decision, because It went to straight ~3900€ two days after.
I read more about Crypto, talked to people and was more and more suspicious about the current state of the bubble.
Well now I'm lucky. If I would buy now, I would get more BTC for less money including my losses.

So what did I learn? I think BTC has an intrinsic value of around $1000. The rest are hopes and dreams.
Most of the BTC investors never traded a stock before and just want to get rich quick - this is driven by many blatant dumb posts in this thread and others   
Everybody knows somebody who got rich with stocks and BTC, well...but that might be just "luck" (law of large numbers).

And I will repeat what others said before me. Blockchain technology is revolutionary but BTC is not - It is not more than a speculative asset.
Anybody who "believes" in BTC as a decentralized currency is doomed to fail. It is the king now, but there are no kings, only princes.
So, as you do not know the intrinsic value of a BTC you might end with a bunch of worthless private keys.

Anyway I'm surely investing down on teh road for the fun of it.