How you gauge your success in crypto space?

[MRY]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

sell on time!, maybe this is the obstacle for everyone, because we don't know when the right time is and the greedy and dissatisfied human nature is very dominant, so I think it's better to set a target price for how much we will sell our BTC later,

We don't know when the right time to sell is, so we have to have a plan when investing and determine a sales target. That's the function of analysis in investing so that we can make accurate predictions. Although sometimes we also make wrong predictions.

The risk is always there. Even with BTC.
That's why we should use the funds we are okay to spend / freeze for the time being.

Everything has risk, and with that, we should really start very slow in beginning. Some of us might have not the money initially to invest and we can't afford to lose that money.

But as we can along, we understand the risk and so is the ins and outs, and so we find strategy like DCA and continue to accumulate. Others trade or they could have other means of income and so they invest it too in Bitcoin and let it grow and for some they might have forgotten their investments and when they go back, they have profited huge money already.

Totally agree, bro! Beginners are encouraged to go slow since it will take time before they invest large amounts of money, that they cannot afford to lose. Certainly, there is always a risk, especially when dealing with cryptocurrencies, which are so unpredictable, so before jumping into it, it’s crucial to know the risks you might face. I believe many people are afraid at first, and gradually they discover solutions such as the DCA method, which is less risky and more accurate.
 
 I also observe multiple people diversifying, whether it is through trading or investing, at the same time allowing their money to compound in bitcoin. Indeed, there were instances where people never recalled that they even invested in the first place and when they logged into the account again they realized the worth was much higher! The two main points that allow growth and that should be adhered to, are consistency and the fact that one should be wise when spending money. With time one is able to find the right beat of which to maximize on profits without much concern on risk.

[satpol_PP]

Totally agree, bro! Beginners are encouraged to go slow since it will take time before they invest large amounts of money, that they cannot afford to lose. Certainly, there is always a risk, especially when dealing with cryptocurrencies, which are so unpredictable, so before jumping into it, it’s crucial to know the risks you might face. I believe many people are afraid at first, and gradually they discover solutions such as the DCA method, which is less risky and more accurate.
 
 I also observe multiple people diversifying, whether it is through trading or investing, at the same time allowing their money to compound in bitcoin. Indeed, there were instances where people never recalled that they even invested in the first place and when they logged into the account again they realized the worth was much higher! The two main points that allow growth and that should be adhered to, are consistency and the fact that one should be wise when spending money. With time one is able to find the right beat of which to maximize on profits without much concern on risk.

New Bies must learn and look for experience if you want to succeed in the world of Crypto and it takes time and must understand the risks, because investing in Crypto is not easy. Maybe with DCA we can add to the collection of Crypto assets with this ebthap is good for New Bies. Because in this way he can meperbessar his assets and the diversifying method exists; is the best method to increase the chance of achieving benefits, we can also do it by buying some potential coins.

[Hatchy]

Success in the world of cryptocurrency varies and is different for each person. For some persons, it is about earning enough profit to feel satisfied, whether it is a small or large amount. Everyone can see success and growth in the crypto world when they can use their crypto gains to buy important things like  house or crypto, turning their investments into something tangible. Some people are simply looking for a way to supplement their income, not to necessarily get rich but to improve their financial situation. However it is about meeting your own goals and feeling that your efforts in crypto have paid off in a way that truly matters to you.

[Captain Corporate]

Trying to figure out a metric would not be that ideal because results would vary. I keep saying that if you are happy then it must be going great and there is really nothing further than that. I know that people feel differently about this whenever I say it, but if you are happy then you must be doing something right and I feel like that's a good result. I know that it will take a while but we shouldn't really be worried about it, we need to make sure that it can go greatly. I believe that the best thing to do would be just keep checking yourself and how you are feeling about your crypto life, and you will answer it for yourself.

[Rubel007]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

Bitcoin is definitely profitable to hold in the long term. But it's not something that a person just holds for the rest of their lives. Moreover, if one can profit from his investment, then he can withdraw the profit in short term if he wants, not in long term. It will entirely depend on the investor what he wants to do. It is good to take advice on financial matters but no one wants to take other people's risk. So, one have to decide on his own good and bad. This is a good strategy if there is an opportunity to sell bitcoins at higher prices and buy from the bottom. But some do not want to take short term risk so they plan for long term. Holding bitcoins for the long term reduces the amount of risk as well as the potential for higher profits.

[luckyledger]

Trying to figure out a metric would not be that ideal because results would vary. I keep saying that if you are happy then it must be going great and there is really nothing further than that. I know that people feel differently about this whenever I say it, but if you are happy then you must be doing something right and I feel like that's a good result. I know that it will take a while but we shouldn't really be worried about it, we need to make sure that it can go greatly. I believe that the best thing to do would be just keep checking yourself and how you are feeling about your crypto life, and you will answer it for yourself.

You are right.
Everybody has their own metrics, so, it takes analysis to say whether one is successful or not.
If you are happy - that's the main thing. Other are fame, funds, etc.

[|MINER|]

Success comes in different ways in each person's life.  Everyone's success story in cryptocurrency is different.   Some have acquired crypto currency through trading, some through investing.  My journey into cryptocurrencies began with exploring and making my first profit investing.  There was a loss again.  Everyone has made their own place here with profit and loss.  Many people have successfully established themselves here by trading.  Again there are many people who have faced extreme losses through trading.  Everyone has a different story behind being a TJ on the forum.

[superman22]

Crypto space is volatile. Some year you can do good as market trends faster however some years you can go down as market trends down. There is no fixed ways to measure success. My point is measuring is never possible. Some says success as they got everything at right time. Majority is no success as they could not figure their invest plan correctly. For me, I made mistakes not holding 2017 as I was financially problem. Then, covid hits my financial problem again. This does not mean I was not gaining from crypto spaces. Still, I hold lots of coins once upon a time was Gold but now no values.

[Legion]

Crypto space is volatile. Some year you can do good as market trends faster however some years you can go down as market trends down. There is no fixed ways to measure success. My point is measuring is never possible. Some says success as they got everything at right time. Majority is no success as they could not figure their invest plan correctly. For me, I made mistakes not holding 2017 as I was financially problem. Then, covid hits my financial problem again. This does not mean I was not gaining from crypto spaces. Still, I hold lots of coins once upon a time was Gold but now no values.

Indeed, Crypto is very unstable and can be influenced by many aspects and one of them is the fast flow of specific tendencies. Portfolios remain one of the biggest challenges among investors, and luck and good practices make the difference in this market. The misunderstandings identified, for instance, failing to have assets at the correct time, happen similarly to other investors during intense unpredictable years like 2017 or the COVID 19 period.
 
Although with some of those previously highly-rated coins it is possible to lose money, it is also crucial to remember that investing in cryptocurrencies also means getting a chance to earn money. In my opinion, understanding how to control it and having a definite view on what investments are possible at the present period will help to liberate the market uncertainty.

[MUGNIA]

Trying to figure out a metric would not be that ideal because results would vary. I keep saying that if you are happy then it must be going great and there is really nothing further than that. I know that people feel differently about this whenever I say it, but if you are happy then you must be doing something right and I feel like that's a good result. I know that it will take a while but we shouldn't really be worried about it, we need to make sure that it can go greatly. I believe that the best thing to do would be just keep checking yourself and how you are feeling about your crypto life, and you will answer it for yourself.

You are right.
Everybody has their own metrics, so, it takes analysis to say whether one is successful or not.
If you are happy - that's the main thing. Other are fame, funds, etc.

happiness is what is sought, what is the point of having a lot of money, abundant wealth, if you do not have happiness
and be sure that if we invest in the right place then everything will run by itself even if you invest from 100$ if you are serious about the process you will definitely be at the highest point in investing

[ajiz138]

Success comes in different ways in each person's life.  Everyone's success story in cryptocurrency is different.   Some have acquired crypto currency through trading, some through investing.  My journey into cryptocurrencies began with exploring and making my first profit investing.  There was a loss again.  Everyone has made their own place here with profit and loss.  Many people have successfully established themselves here by trading.  Again there are many people who have faced extreme losses through trading.  Everyone has a different story behind being a TJ on the forum.

Yes, you are right, everyone will definitely have a different experience in this crypto space. Everyone will also definitely have their own thoughts about what kind of success they want, this cannot be generalized.

But for me personally, at least knowing crypto is also a satisfaction in itself, because not everyone has the same opportunity as me or in other words not everyone knows what crypto is. This is the simplest form of success that I feel.

[gunhell16]

No one will tell you what cryptocurrencies they have or the details of what they will do with them, but you must balance between investment, profits and age. If you are 20 years old, you can invest and accumulate Bitcoin and start your retirement at 40. If you are 40 or 50 years old, you will definitely think of Bitcoin as an investment for 10 years and enjoy it for the rest of your life. The matter will be completely different if you do not have a job or have obligations and projects.

What you say is right and good about the reminder that if a community is between the ages you mentioned, dude. I agree with that, though; they can follow that, and I don't see anything bad in the result of what you said when communities believe or follow that based on the age that they have.

It's the same here in the crypto space; you must learn or study if you want to get good results here in the near future, as long as we are open to whatever we can see in the crypto industry that we are going to enter.

[Asiska02]

Success in the world of cryptocurrency varies and is different for each person. For some persons, it is about earning enough profit to feel satisfied, whether it is a small or large amount. Everyone can see success and growth in the crypto world when they can use their crypto gains to buy important things like  house or crypto, turning their investments into something tangible. Some people are simply looking for a way to supplement their income, not to necessarily get rich but to improve their financial situation. However it is about meeting your own goals and feeling that your efforts in crypto have paid off in a way that truly matters to you.

I like your view on this and I think we are just thinking alike. Different people will definitely have different views on how they see crypto as a means of success in their life. For some people, I think watching their portfolio grow bigger and bigger by gambling with some investment in some coins is a way of being successful. Some may want to use their little profits from crypto to have a physical achievement on ground, the one they can always look up to and say this was their effort they put into crypto that paid off for them. While the last group may also feel that any money they get from crypto by doing some menial jobs is just to supplement their income and make them have a sustainable life and not waiting to see them grow. These are different perspectives I feel people tend to see how their success in crypto can be gauged.

[Hatchy]

like your view on this and I think we are just thinking alike. Different people will definitely have different views on how they see crypto as a means of success in their life. For some people, I think watching their portfolio grow bigger and bigger by gambling with some investment in some coins is a way of being successful. Some may want to use their little profits from crypto to have a physical achievement on ground, the one they can always look up to and say this was their effort they put into crypto that paid off for them. While the last group may also feel that any money they get from crypto by doing some menial jobs is just to supplement their income and make them have a sustainable life and not waiting to see them grow. These are different perspectives I feel people tend to see how their success in crypto can be gauged.

Yea, sometimes alot of these crypto guru's just want to show case their success on social media. It's fun for them though as they love the audience. I guess that's kind of another mean by which the gauge their success. Being wealthy and also famous. I won't actually call investment in crypto gambling, even though I know some people call it gambling which it's not. Trading is a way to grow your money it's kind of different from what most gamblers would say as gambling is a way for them to make money and take risk. A lot of people with different way they see their success but it's mostly with their properties and what they own..

[nakmantu99]

like your view on this and I think we are just thinking alike. Different people will definitely have different views on how they see crypto as a means of success in their life. For some people, I think watching their portfolio grow bigger and bigger by gambling with some investment in some coins is a way of being successful. Some may want to use their little profits from crypto to have a physical achievement on ground, the one they can always look up to and say this was their effort they put into crypto that paid off for them. While the last group may also feel that any money they get from crypto by doing some menial jobs is just to supplement their income and make them have a sustainable life and not waiting to see them grow. These are different perspectives I feel people tend to see how their success in crypto can be gauged.

Yea, sometimes alot of these crypto guru's just want to show case their success on social media. It's fun for them though as they love the audience. I guess that's kind of another mean by which the gauge their success. Being wealthy and also famous. I won't actually call investment in crypto gambling, even though I know some people call it gambling which it's not. Trading is a way to grow your money it's kind of different from what most gamblers would say as gambling is a way for them to make money and take risk. A lot of people with different way they see their success but it's mostly with their properties and what they own..

Investing in crypto is not gambling, because we do research and analysis before buying coins. And this requires in-depth observation, because we have to make fundamental and technical analysis in investing or trading. This is not an easy thing, that's why many investors prefer to buy top coins that they see on CMC because they don't need analysis, just observing the habits of the coins.