Quote from: Colt81 on October 21, 2019, 02:55:41 AM

Quote from: thinhthai on January 22, 2019, 07:37:41 AM

After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed

I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?

Patience is the first thing that i learned in crypto market for me not to have huge losses. In cryptocurrency, here i always learned from my mistakes that i should know how to control my emotions when it comes making decision in trading and investing my money in crypto because i always experienced losses which is normal, but we still need to learn how to minimize our losses for us to earn bigger profit.

Many people invested with bitcoin to get much money with instant or fast way, they only know whit investing on bitcoin just one day they will get much profit, they not have patience when bitcoin down and when bitcoin up, almost investment kind we need patience how to control and get profit with long term and price of bitcoin or altcoin we can't prediction.