Quote from: Iamcrypticguy on Today at 05:04:50 AM

Quote from: Troytech on December 28, 2023, 02:36:59 PM

I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:

👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.

👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

In all DYOR, don't be greedy and good luck✅

Short and precise! I would definitely be agreeing into these words on which it all matters on how you do make your own research and wont really be that making yourself greedy at the same time there's a little bit mix of luck and this what determines whether you would really be that successful or not into this crypto venture. We wont really be able to know unless we do try and this is why we would really be able to see different outcomes or results basing up on the things that someone has been doing. Some might also be lucky on particular point and there are some who are really that unfortunate. In speaking about loses and mistakes then it would really be just that normal since there's no such thing about being a perfect investor or trader or whatsoever on which we would really be able to incur losses on which it would really be just that normal.

On this case it would be always best that you should really be making yourself that having being versatile or on having that adaptability in terms of the situations that you are really be able to encounter with.
We do know that mistakes and errors are normal, so it is really just that right that you would be making out adjustments basing up on what you have learnt in the past.
It is something that you could really be able to apply and make yourself way more better than before.