How long have you been in crypto and what have you learnt?

[joniboini]

Because I do this to fill my free time when I'm taking a break from my real job, but don't copy it. If you want to learn it, you have to be serious in order to get maximum results. 
It is proven that my friend who quit his real job and focused on Crypto, is now successful and a rich person.

Do you know about survivor bias? I believe if you're not careful then you can fall into this belief. On the other hand, I've read many articles describing how someone who gambled everything on crypto failed, took their own life, fell into debt, etc. So yeah, while I do agree that crypto can be a way to get financial freedom you'll need more than time and tenacity to do that. Luck can be a factor that unfortunately is hard to control, so you'll always need to be aware of every opportunity on the market to get that.

I understand the sentiment though. I have many regrets about my journey too. But I'll never risk it all just to enter the market which is still very young and shaky, if your goal is investment. On the other hand, I've been using crypto to pay stuff regularly with no problem, so I'll keep using them regardless of what happened in the future.

[libert19]

Learned about Bitcoin first around 2013 on Indian forum called Ethicalhavoc, people were mentioning about Bitcoin in forum's shoutbox, which at that time seemed completely alien thing to me and also illegal.

Then I got Stellar (now $XLM) airdrop, I farmed it with my relations Facebook accounts, got plenty Stellar but sold it all for peanuts, iirc I sold it for about 3.5k INR (~45 USD at current USD/INR rate).

During same time joined bitcointalk (although started being active years after with new account), did faucets, did cloud mining (thinking those are legit, I laugh about it now), wrote articles on sites like Steemit to earn crypto.

Since last several years, been active every single day, it's such a good sector to be in.

Regarding learning, have learned plenty but can't exactly pinpoint what.

[snowpega]

I'll go first. I've been in crypto for two years now. And I've learnt that it's not a get rich quick scheme. Using that mindset you'll burnout within a short while... How about you??

Hmm, that sounds to be interesting for me to discuss on this topic here... i have been in the crypto market from one year, and what I have learned is that we need to get more and more knowledge as things are so unpredictable here in the crypto industry, so one should never consider himself a good expert, even if he has been surviving in the crypto market for a very long time, as he can also just make predictions and never time the market so accurately. That is why I think one should keep learning more and more. What do you think about it? i would love to know your opinion on it.

As there is a famous saying in our religion, which is that one who says i has gathered all the knowledge or has knowledge of everything is just like a sparrow who just sips a drink of water from the giant big sea, so one should never consider himself a very knowledgeable person but rather he should keep learning.

[bayu7adi]

I'll go first. I've been in crypto for two years now. And I've learnt that it's not a get rich quick scheme. Using that mindset you'll burnout within a short while... How about you??

Hmm, that sounds to be interesting for me to discuss on this topic here... i have been in the crypto market from one year, and what I have learned is that we need to get more and more knowledge as things are so unpredictable here in the crypto industry, so one should never consider himself a good expert, even if he has been surviving in the crypto market for a very long time, as he can also just make predictions and never time the market so accurately. That is why I think one should keep learning more and more. What do you think about it? i would love to know your opinion on it.

Of course, knowledge in the world of cryptocurrency is still very broad, even studying it for 1 year will not be enough to know everything. The steps you take to keep learning are the most appropriate, because it could result in new ideas for developing cryptocurrency so that it can really be useful for your life.

However, I appreciate what @MCcabe has tried, where he seems to have learned something in the field of cryptocurrency... believe me not everyone in this world has done that too. Whatever he does, it deserves to be appreciated to encourage him to continue studying harder to understand cryptocurrency and the ecosystem related to cryptocurrency.

As there is a famous saying in our religion, which is that one who says i has gathered all the knowledge or has knowledge of everything is just like a sparrow who just sips a drink of water from the giant big sea, so one should never consider himself a very knowledgeable person but rather he should keep learning.

I love this quotes.. +1

[Jamal Aezaz]

Learnt to have lots of patience Even though crypto is more volatile than stocks, still in it, if you want to get profits, you surely need patience and practice in trading, without that it is just not gonna work. Other things like how not to panic and how dip is an opportunity is something one learns through experience.

Crypto is volatile therefore one should be mentally prepared that due to this volatility he can face huge losses and this loss should not be the end of your success journey but it will give you more courage to perform better than this during the next trade. You should tolerate your loss and accept your wins because both are beneficial for you as profit gives you money to make more trades while loss gives you an ability to learn to make your future trade in right direction.

Another better thing is to avoid your fear in trading because this fear can force you to do wrong trades or sell your asset immediately because there will be thoughts in your mind that you will lose money so to avoid further loss you will surely sell without profit and this is all due to fear and panic decisions.

[Gurujebs]

I have learnt that being patient can end in both ways when you make an investment in any coin most especially if you didn't bought at the bottom. When you buy a coin and hold, it can go both side either up and or down. If it goes down, you might be persuaded to hold more because you believe it will go up and again, some coins don't end like that way.

There are some coins you will buy that will make your time in crypto and you will never expect such kind of profits, that's what I have learn in crypto and to avoid the first problem, it's better you buy any coin of your choice anytime we ever have a bear market and not when we are in bull run already.

[target]

I've been in crypto since 2016. I have a lot of regrets and I learned a lot from it. And now, I continue learning day by day as the crypto industry keeps improving. I learned that if you are being controlled by your emotions, it will be the reason of your loss. Make sure that your emotion is in the normal state before making a decision. Because the profit is a result of having a good mindset. That is the very key to survive and benefits from the opportunity we get in crypto.

This is also the time when I got into crypto. The longer I have treid earning in crypro the more I learn about the 4 year cycle that an investor should sell all in bear market.

When you been in 2 cycles,  you know already what you do whatever kind of market is.

[JoyMarsha]

I'll go first. I've been in crypto for two years now. And I've learnt that it's not a get rich quick scheme. Using that mindset you'll burnout within a short while... How about you??

For a few years. I can tell you that I have learned a lot and that I can not be easily deceived wrongly in the knowledge of crypto to invest in a new or old project without having thorough research about the project on why I should invest. For bitcoin, I apply a DCA investment strategy of buying at a low price and selling at a high price during the bull run

[Captain Corporate]

A very important piece of information regarding these situations is that people are not really looking into anything crazy, and we can't really make a huge deal out of this neither. Bitcoin is something that is not a money maker that you turn on and get rich quick. You may think "that is obvious", but a lot of people join crypto, realize bitcoin can't make them rich quickly, and end up putting their money into shit stuff, and then hope for the best. Thats wrong, don't do that. Thats literally the biggest lesson, if you stop doing that and start just putting money into realistic stuff then you will do better.

[LogitechMouse]

I've been into crypto since 2016 and I've learnt not to be greedy. I've learnt to always take profit.. And the recent lesson I learnt is you can lose a  fortune by buying coins on pumpdotfun. Lol

Making mistakes once is still ok since you will learn from it for sure. Making the same mistake twice and you have a problem. Making the same mistake thrice and you must quit investing already.

Making mistakes is pretty normal and in your case, as long as you learned from that then there's no problem on it. Like you, there was a time where I felt that I need to be greedy, and it backfired on me. Instead of taking profit, I choose to hold because I want more profits. Weeks after that, the market went down, and my supposed profits turned into dust, and I didn't sell any of my assets. I learned from that hence, I'll take profit when the peak of the upcoming bull run starts.

[bitbit97]

I am in crypto since 2018, and crypto mostly proved investment and money default situations. There are always trends, market and technologies always develop, early investor get all the cream. Honestly speaking, I havent learned anything new from it. It showed that history repeats all the time. Like early investors in computer developers and manufacturers became rich people, the same early investors in bitcoin did. Like with enough money it is able to create pump out of nothing (GameStop case), the same might happen with any altcoin.

[PX-Z]

I'll go first. I've been in crypto for two years now. And I've learnt that it's not a get rich quick scheme. Using that mindset you'll burnout within a short while... How about you??

Got the idea of Bitcoin since 2016 fully dependent on earning on faucets as a college student then only created an account on bitcointalk on 2017 from peers and explore different things including other cryptocurrencies. Learnt about financial literacy and different things actually this includes the technical side of bitcoin and other crypto, smart contracts etc.

[jeraldskie11]

I've been in crypto since 2016. I have a lot of regrets and I learned a lot from it. And now, I continue learning day by day as the crypto industry keeps improving. I learned that if you are being controlled by your emotions, it will be the reason of your loss. Make sure that your emotion is in the normal state before making a decision. Because the profit is a result of having a good mindset. That is the very key to survive and benefits from the opportunity we get in crypto.

This is also the time when I got into crypto. The longer I have treid earning in crypro the more I learn about the 4 year cycle that an investor should sell all in bear market.

When you been in 2 cycles,  you know already what you do whatever kind of market is.

That's true. If you've learned already that the beginning of the declining phase in the 4 cycle of Bitcoin, you should sell all your assets. Some people thought the price will going to recover even though it won't. We have to wait for another couple of months or years to the end of bear market. We can say that it's tough to wait that much, but it's really worth it if we just keep following it.

[bayu7adi]

That's true. If you've learned already that the beginning of the declining phase in the 4 cycle of Bitcoin, you should sell all your assets. Some people thought the price will going to recover even though it won't. We have to wait for another couple of months or years to the end of bear market. We can say that it's tough to wait that much, but it's really worth it if we just keep following it.

But at least you got a big experience at that time, which you can evaluate so that the mistake doesn't happen again in the next moment... keep in mind that selling at the highest price is quite difficult to do, and we also need to realize that the highest price is only we will realize when the market starts to be bearish in the hope that there will be an even bigger bounce.

You can improve on the lessons of the past... for example by changing your strategy when you want to exit the market and exchange all your cryptocurrencies into fiat with the aim of restructuring your portfolio.

[bitterguy28]

I'll go first. I've been in crypto for two years now. And I've learnt that it's not a get rich quick scheme. Using that mindset you'll burnout within a short while... How about you??

It took me 4 years to completely understand what is the market and crypto was all about , and its good that you understand that scheme about a "QUICK TO BE RICH"  because in this there are lots of trying hard fails here.

Am here for sole purpose and that is to earn and gain for my children and maybe theirs in the next generation because crypto is for the generation to come.