Quote from: wantjokull on April 03, 2018, 11:23:54 AM

Quote from: traderperspective on February 08, 2018, 06:30:16 PM

What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!

Well the learning is never get too excited and too confident about the bitcoin going up and buy at ATH prices! Lolz, I made little mistake when I invested my money at the time of BTC @12K USD rates because I was crazy to think that it will rise again to the 19K USD which was its ATH rate. However I was not wrong but I do realise that I made mistake out of the excitement and nothing else.

Another learning from the bitcoin drop is simple, it is the right to buy the coins and we can now know the power of BTC uprise in terms of profits.

It is not your fault because you obviously do not know how to trade and you do not know what to look out for in a trade to make a decision and for people in your shoes, it is always better to just hold than trying to gamble your position in the market. Not everyone can be a trader, but the thing is everyone can be a holder and decide not to worry about what is going on in the market as long as they are sure of the future of their holding.

The main thing is to know when to be sure you are having a change in trend. It is not all about the backup, even though you will need fiat as a stable currency anyway to hold up until you are able to get more of the bitcoin at dip, but you need to be sure as well that you are making right decisions either when selling or when buying so you would not end up missing a good chance.