Painful lessons learned by the investor after losing a lot of dollars in cryptocurrencies (so we don’t have to).
I am here to share with you what no YouTuber or influencer told me when I started... Does a cryptocurrency trader start with significant losses in the first three months? Yes. But it teaches you lessons and makes you stronger and braver later, and here in the lessons, you might save any investor.
If you're new (or even an expert) - read this before your next trade.
1️⃣ Chasing green candles = guaranteed pain.
I bought Bitcoin at $79,000 because "its price will never drop." Guess what? It did drop.
🛑Difficult🛑.
🖋Lesson: Don't let the fear of missing out creep into the world of green pumps. Smart money buys fear.
No noise.
2️⃣ Leverage is a double-edged sword.
I opened a long position worth 20x $ETH because "the breakout looked perfect" - and it got liquidated in 5 minutes.
🖋Lesson: Never use high leverage without setting a loss limit. Maximum risk limit 1-2%.
For each trade.
3️⃣ Altcoin gems = hidden landmines.
If you blindly bought coins that were overly promoted like imitation coins - then their value dropped to zero.
🖋Lesson: Basics of research. Real projects rely on strong teams, not Twitter ad promoters.
4️⃣ Stablecoins are your best friends.
I used to keep everything in volatile assets. Now, I save profits in the USDC pair when the market peaks.
🖋Lesson: Investing in USDC protects you from corrections. You don't necessarily have to be in the market all the time.
5️⃣ Holding stocks is better than day trading for 99% of us.
The stocks of $BTC and $ETH — BNB$ _ $SLO, which have not been touched for almost a year to two years — outperformed 90% of the investor's short-selling trades.
🖋Lesson: Holding stocks long-term beats short-term panic for most traders.
6️⃣ Diversification is good and beneficial.
When the price of a held coin collapses by 40%, do not lose your happiness because half of the funds are distributed in; $BTC, $ETH, BNB$, and SLO$
🖋Lesson: Don't bet all your investments on one coin. Diversify your investments to spread the risk.
7️⃣ Your mental health is more important than money.
You can't sleep after significant losses. Cryptocurrencies used to worry me until I set clear rules.
🖋Lesson: Keep yourself safe. Use stop-loss orders, risk only what you can afford to lose, and take breaks.
💡 Professional advice for beginners.
To learn, share, and grow. Start with small steps. Be humble. Avoid the mistakes you make.
🔥Last words:
If you're starting anew in trading and investing…
I will focus on currencies;
BTC, BNB, ETH, SOL, PAXGOLD
These are high-quality assets - and I will build them slowly while keeping my profits in $USDC. No need to rush. Wealth in cryptocurrencies is like a marathon, not a sprint, while trying to study the most popular altcoins like.
PEPE, SHIB, FLOKI, DOGE
👉 If this saves you from a failed trade, like this post, share it, and follow me, so we can grow smartly together!