Bitcoin Garden Forum

Cryptocurrencies => Crypto Discussion => Topic started by: robertsmark on May 21, 2021, 10:58:26 AM

Title: How to stop losing money in crypto market
Post by: robertsmark on May 21, 2021, 10:58:26 AM

Rule #1: Only invest idle funds.
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
Rule #4: Dollar-cost averaging (DCA) investment strategy.
Rule #5: Set a profit target and stick to it.'
Rule #6: Control your greed, fear and regret.
Rule #7: After each successful take profit, convert into assets.


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Title: Re: How to stop losing money in crypto market
Post by: [email protected] on May 21, 2021, 02:33:07 PM
Thank you for that advice!
Title: Re: How to stop losing money in crypto market
Post by: Redix on May 21, 2021, 11:46:16 PM
To avoid much losing in crypto investment or trading, you must have proper or sufficient knowledge about crypto. This is very helpful for you to know the right strategy or the right step to apply in your crypto investment or trading. While another thing to have, is self control. This can make you to avoid unrealistic goal or nonsense way in your trading or investment.
Title: Re: How to stop losing money in crypto market
Post by: CryptoStar19 on June 28, 2021, 03:09:20 PM
First understand what bitcoin is so that you conviction doesn't shake when prices take a hit for the reason of one FUD or another, then DCA into bitcoin and holding in the long run (over years) is a sure bet.
Title: Re: How to stop losing money in crypto market
Post by: kirillshift on June 29, 2021, 11:48:42 AM
If you are a spot hodler:
1) find great entry point
2) DCA if price goes down
3) take profits on the way up
4) buy dips
5) don't FOMO on pumps

If you are a trader:
Don’t FOMO on pumps, always buy short time frame dips
Stochastic RSI 1H and 4H a great tool to help you

And, if you want to copy our trades, you're welcome to join our free TG group:
https://t.me/buymecrypto
Title: Re: How to stop losing money in crypto market
Post by: bignicsummer on July 29, 2021, 04:01:46 PM
I agree with most of the comments. But the most important thing is to be cold-blooded and not to do rash things.
Title: Re: How to stop losing money in crypto market
Post by: autodathe on August 05, 2021, 10:32:16 AM
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
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Why is it written 2 times? Is it that important?
Title: Re: How to stop losing money in crypto market
Post by: [email protected] on August 05, 2021, 03:14:12 PM
I think one of the first steps should be to research one's exchange very well. Scams are a big problem for this industry (https://deposit-withdraw.com/?s=crypto+scam), make sure you avoid them!
Title: Re: How to stop losing money in crypto market
Post by: korbo92 on August 08, 2021, 12:29:57 PM
Reasonable
Title: Re: How to stop losing money in crypto market
Post by: [email protected] on August 08, 2021, 03:14:08 PM
Do you do that?
Title: Re: How to stop losing money in crypto market
Post by: Redix on August 08, 2021, 11:59:04 PM
But the most important thing is to be cold-blooded and not to do rash things.
What do you mean? Are you trying to say "patient take the role".
For those people who can be patient and smart to decide everything, they will be successful in crypto market. I agree with this because without patient and smartness, people will be too easy to be influenced by FUDs. FUDs are everywhere in crypto space.
Title: Re: How to stop losing money in crypto market
Post by: folerkot on August 09, 2021, 02:59:48 PM
What would discuss with u - Fetch. They show great results. They have huge partnership with Bosch and Ocean Protocol. They allow you to put limit orders on your LP and change percentage of each asset. A real gem, up and bullish on them
Title: Re: How to stop losing money in crypto market
Post by: dutchy1986 on August 14, 2021, 01:32:48 PM
I’ve always treated my crypto investing as a bit of fun that may make me millions or may lose me some pocket money. At this stage it’s hard to know if it will be fully integrated but would hate to miss the train.
Title: Re: How to stop losing money in crypto market
Post by: WalletInvestor on August 24, 2021, 11:08:07 AM
This is very sound advice. But I think instead of setting profit targets, it's better to have a detailed trading plan - thinking too much about profits can evoke feelings of greed. Your trading plan should have exact strategies on entry and exit points.
Title: Re: How to stop losing money in crypto market
Post by: ritajane21 on September 08, 2021, 08:27:33 AM
To stop losing money in crypto market there are various ways. Online videos will help you to learn all information about cryptocurrency.

1. You have to get knowledge about cryptocurrency.
2. Observe one to two cryptocurrencies at one time.
3. Follow the price chart on daily basis
4. Need to update regarding cryptocurrency like future plan, projects and many more.
5. Don't invest all money on one crypto but invest separately (2-3 cryptocurrency)
6. When their prices goes high then sell them.

With this way you can get more profit & save your money. We lose our money due to lack of information or knowledge so keep update your knowledge by joining crypto chat community. Website:- https://cryptalks.app/
Title: Re: How to stop losing money in crypto market
Post by: [email protected] on September 09, 2021, 02:47:30 PM
My advice is, watch out for scammers and shady exchanges. Even big, established exchanges sometimes get in trouble with regulators. (https://theforexreview.com/2021/09/07/major-decentralized-crypto-exchange-investigated-by-sec/)
Title: Re: How to stop losing money in crypto market
Post by: Reasetia on October 29, 2021, 03:13:47 PM
Bitcoin Markets Crash - Bitcoin was regarded as a haven for a long time until the Bitcoin markets crashed notably. Lucky for you, we've some lifeboats for when you see the ship sinking, as your Bitcoin price predictions turn out to be wrong.

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Title: Re: How to stop losing money in crypto market
Post by: Swiss_cheese on November 02, 2021, 12:51:23 PM
Long term holds.... Get in early and HODL....
Title: Re: How to stop losing money in crypto market
Post by: jason on November 02, 2021, 04:49:47 PM
Here are some key point not to lose your hard earn money.

1. Don't get into low liquidity cryptos.
2. Don't try to "time" the market.
3. Buy the rumour, sell the fact.
4. Don't play with derivatives unless you are a pro.
5. Don't buy NFTs unless they give you some exclusive rights.
6. Never short Bitcoin.
7. Don't leave your cryptos on an exchange.
Title: Re: How to stop losing money in crypto market
Post by: Kligan on November 04, 2021, 08:31:45 PM
I want to exchange my cryptocurrency, how can I do it?
Title: Re: How to stop losing money in crypto market
Post by: wemakereview on November 18, 2021, 09:11:16 AM

Rule #1: Only invest idle funds.
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
Rule #4: Dollar-cost averaging (DCA) investment strategy.
Rule #5: Set a profit target and stick to it.'
Rule #6: Control your greed, fear and regret.
Rule #7: After each successful take profit, convert into assets.


Good. It seems reasonable. Thank you

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Title: Re: How to stop losing money in crypto market
Post by: hair on November 21, 2021, 11:20:46 PM
I want to exchange my cryptocurrency, how can I do it?
very simple. do you have an exchange account (dex or cex) if yes you just need to exchange the coins you have by sending them to the exchange. I hope this helps
Title: Re: How to stop losing money in crypto market
Post by: Dennis2t8 on November 29, 2021, 11:40:18 AM
Great Sharing!! Keep up the good work
Title: Re: How to stop losing money in crypto market
Post by: Dennis2t8 on November 29, 2021, 11:41:29 AM
I want to exchange my cryptocurrency, how can I do it?

On any Exchange you can do that. Exchange crypto for crypto or against the local currency
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Title: Re: How to stop losing money in crypto market
Post by: Selino on November 29, 2021, 10:13:04 PM
These are tips for ideal conditions, which in our real life is almost impossible to fully adhere to. We are forced to live and work in the prevailing living conditions that are far from ideal and there is nothing you can do about it. We constantly choose the best options for us and constantly sacrifice something. It can't be helped, that's life.
Title: Re: How to stop losing money in crypto market
Post by: Reasetia on November 30, 2021, 12:57:33 PM
The crypto market is highly volatile, which leaves a big room for mistakes to be made. Here’s how you can avoid jeopardizing your portfolio.

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Title: Re: How to stop losing money in crypto market
Post by: intrade on November 30, 2021, 04:21:39 PM
Avoid scammers and offers which are too good to be true.
Title: Re: How to stop losing money in crypto market
Post by: MrSpasybo on December 01, 2021, 01:27:14 AM
Some of the ways that I usually apply:
+ First enough knowledge of the market to avoid silly mistakes;
+ No all-in investment, good capital management;
+Always set stop-loss;
+ Manage your own greed;
+Combine technical analysis with project analysis.
Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
Post by: AliForexTalks on December 04, 2021, 04:31:46 PM
You must have proper or sufficient knowledge about crypto to avoid significant losses in crypto investment or trading. This will assist you in determining the best approach or next move to take in your crypto investment or trade. Another quality to possess is self-control. This can help you avoid setting unreasonable goals or following a foolish trading or investment strategy.
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Title: Re: How to stop losing money in crypto market
Post by: [email protected] on December 11, 2021, 04:27:01 PM
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
Post by: cashisking86 on December 14, 2021, 03:40:04 PM
Same with crypto as with any investment.
Title: Re: How to stop losing money in crypto market
Post by: pezza on December 15, 2021, 02:06:13 PM
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
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Why is it written 2 times? Is it that important?
I think it's massively important. Too many people put themselves under pressure to make money to pay the bills, or worse they put themselves into debt to trade. That's when things go wrong and it can become gambling. I think the key is to only trade what you can afford to lose and always have other income sources in the background. Don't put all your eggs in one basket.
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Title: Re: How to stop losing money in crypto market
Post by: patricksh on December 21, 2021, 03:01:50 PM
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Title: Re: How to stop losing money in crypto market
Post by: [email protected] on December 21, 2021, 05:08:43 PM
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Title: Re: How to stop losing money in crypto market
Post by: coinsurges on December 22, 2021, 08:15:55 AM
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
Post by: hair on December 27, 2021, 10:44:43 PM
I will buy the dip to stop losing money in crypto. I never do cutloss, because it is very detrimental. I prefer to add my assets then hold until the market recovers
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Title: Re: How to stop losing money in crypto market
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Title: Re: How to stop losing money in crypto market
Post by: sharabela on January 06, 2022, 08:12:38 AM

Rule #1: Only invest idle funds.
Rule #2: Only invest when you don’t have to make ends meet.
Rule #3: Only invest when you don’t have to make ends meet.
Rule #4: Dollar-cost averaging (DCA) investment strategy.
Rule #5: Set a profit target and stick to it.'
Rule #6: Control your greed, fear and regret.
Rule #7: After each successful take profit, convert into assets.


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Thanks for such good advice. It is important to invest idle money that we can afford to lose in such high volatile market such as crypto. We must not invest money to earn profit that meets our daily needs. Controlling greed and fear are two things that we must maintain as well.
Title: Re: How to stop losing money in crypto market
Post by: patricksh on January 06, 2022, 04:27:57 PM
My suggestion would be to try yield farming since the risks there are really low. There are multiple platforms where you could try that, for instance, Polygon, Curve or PancakeSwap. As soon as you understand the mechanics and algorithms, you could start to earn decent amount of money. My personal favourite one is Polygon, so I would recommend to try it out first. I can also share the article about projects with high yields there: https://icoda.io/blog/polygon-yield-farming/ (https://icoda.io/blog/polygon-yield-farming/). I think it might be helpful. Cheers!
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Title: Re: How to stop losing money in crypto market
Post by: Pendelton on February 08, 2022, 02:03:26 PM
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Title: Re: How to stop losing money in crypto market
Post by: hair on February 08, 2022, 11:16:34 PM
Unfortunately, I did not manage to earn from crypto, I hope I can earn money in my pocket now from the crypto market . (https://www.amknews.com/5-most-searched-altcoins-on-coingecko-february-6-2022/)
You can earn money from Crypto, all you need is patience and consistency. because Crypto is unpredictable