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Why do people hate crypto? It's too volatile , yes, that's what makes it more special, but why do the newbies always talk shit about crypto?

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by COINS NEWS 67 Views

We all know, as crypto lovers, we know the beauty of crypto is its volatility and the fact that it never sleeps it's the best market to me even better than stock market by the mile. I usually see newbies fall victims in the market and they are the ones who talk shit about it. I hate forex, I'm not into it, I'm in my early 30s and I love crypto, crypto is like stocks but on steroids lol. I make a living out of it, it's everything to me. I believe in crypto, I've been in the market since 2019 so I lost too much in the first year, then learned TA and learned some important things such as:

  1. I don't do futures, I don't even put 1$ in futures, you might disagree with me but that's the way I work here. Sometimes I see people who got in crypto last week put a large amount of money in futures, I see myself in them, I used to lose until I learned that the hard way. I can trade in futures and still make gains but I left futures since 2020, I only trade in spot, in futures trading, the one I am dealing with is the exchange, the exchanges always win in in the long run no matter what.
  2. The most important thing besides TA is financial management. I am 70% out and 30% in, for instance, I bought Btc at 18k and my target is the ath, I will get another 30% in if Btc goes down to 12k, that's where I will get another 30% in and the next buy order will be activated if Btc goes below 5k, even if btc goes to 100$, I believe that there should be cash in my wallet, a good investor is a coward, he always has cash and he never runs out of cash
  3. I never go all in. Another grave mistake most traders and investors mostly newbies make is going all in. They wanna get rich overnight, they don't have patience while patience is the key here.
  4. I understand market psychology, it's hard to make such claim, I too get emotional just like any other human being but I try as hard as I can. I try to take control of my emotions.
  5. Besides TA, Financial management and market psychology, I always try to keep track of the project I buy and invest in. Don't get me wrong, I diversify for sure but I never invest in many alts due to lack of time, investing in more alts means putting more time in them and that's impossible to keep track of like 100 alts all at once. I always invest in 3 or 4 alts besides btc and always watch the news and follow the team and keep track of what they do. For example, If I see that the team just gives empty promises and what they do contradicts the roadmap, I seek other better projects and try to leave it. I never love the project blindly, I do research and make the right plan then invest. If the team of an inflationary coin/token keeps adding supplies , I think twice before continuing with them, that's why I always check cointrader website and check the circulating supply of the coin or token.
  6. Be fearful when others are greedy and be greedy when others are fearful.
  7. I never buy FOMO or FUD, so I always try to be as far as I can from the social medias and focus on what I do. I always make plan B if plan A fails, a plan C if plan B failes, a ....... plan Z if plan Y fails so I dmor before buying. I worked hard for my money, how long did it take me to have that money? years? months? so I ask myself '' Am I ready to put only days or weeks to study the project and my plans before investing? ''
  8. TA is very important as well, if there's 2 projects X and Y in the time of investing long term(bear market) and see that both projects are great projects but X is at the bottom or close to investing area but Y isn't, I choose X over Y then because one of the things that is very important to know in order to make many Xs is a good entry, where I bought a coin/token is what tells me how much I will make.
  9. As I said earlier, TA may fail you but proper financial management never fails you. DCA and buy the right project that you studied, don't get emotional, before buying, you should think about your losses before thinking of your gains.
  10. Don't marry an altcoin! Even Btc is scam if you don't study it well, even Btc is scam if you love it and put your life savings in it and go all in, let's be real, crypto market is just like any other financial market, just like forex, stocks etc risky. Even when You store cash in your bank instead of ledger, the bank may get robbed or go broke, you may lose your money anywhere, so let's not just put the blame on crypto, it's the best market out there but you gotta know how to deal with it. I have met people who are obsessed with an alt they bought as if that's the family project. If you sey something negative about it, they get aggressive as if you offended their family and trespassed their properties. They always like to hear good things about the project they chose.
  11. Last but not least, crypto currency market is not scam, but 99% of the projects are scam. Crypto Currency is risky just like any other financial market and jobs, if you're not good at something, you'll lose.

I have waited, and waited and waited and waited and I will keep waiting. I will hodl and sell when time comes. I will take profit in alts, I will not expect an alt to give me 100x or even 10x. I bought at the right place so even 6x or max 8x is a blessing. This bear market will not last for so long, we have passed winters, summers of crisis and bad news and China ban and inflations, Btc is here to stay, crypto is here to stay, we just need to have little faith in Btc, not even US Gov and the whole EU can bring it down, we just need to know that newbies will always lose in order for us to gain(zero sum game) harsh but real. That's how it works. Many of us who left crypto now will come back when btc hits 100k or even 200k, that's how whales make money, social medias spread FOMO and FUD and they get paid by the whales for some reasons. Stay safe,

submitted by /u/New_Moment8155
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