This investment choice cost me 4 years of my life

[bangjoe]

The funny thing is that many people always fall for fraudsters on the internet, as if they bring new hope with innovation and will reach the moon, in fact it's not at all, people who lose are always losing, altcoins are never profitable, bitcoin always has to be the main choice.

Holding altcoins is stupid, do it if you want to trade short term with them, don't interact too much and keep collecting bitcoins.

If the same pattern continues where most newbies who enter the market are greedy and aim to get rich quick, fraudulence will not be stopped as they will be the constant target of these fraudsters due to their being aggressive and lack of knowledge on the nature of their investment. Educating them first is the key and get updated on the current techniques and strategies of these fraudster so they can easily identify them and avoid them by all means.

Holding altcoins may not be stupid if you are on the right and potential altcoins, but if you end up trusting those wrong altcoins, you will only waste your time and money and may suffer consistent losses in the end.

If there is no standardization in this market it is likely that such scams will continue, altcoins will only rely on hype, not on the innovation offered, we know that there are still many free markets, especially in dex.

Education must continue and the outlines of security must be at the forefront of cryptro investment education.

But the fact is that 1 in 100 if a project can continue to grow over time it is already very good in the market, but the fact is that it is not, on the contrary, it is experiencing a decline and even ETH alone in this cycle is difficult to compete in the adoption and increase in the price of its coins.

[Findingnemo]

Learn from your mistakes, that is what I want to tell you. And you said you have been here in 208 and in the later cycle then why you didn't try to diversify at least have some amount of bitcoin if not the most?

With altcoins, just try to cashout the profits along the way, don't wait till the end because you can't predict which is the end until it's too late or atleast cash out half of the profits or even the capital amount could be a smart move.

[uchegod-21]

.

I am even ashamed to mention what I have left in my crypto wallet.

Sorry @op, I believe that by now you should have learnt from your mistakes. For a volatile asset like bitcoin, it is risky to invest only by guessing what the perfect time would be. The most ideal way to invest in bitcoin is to have a target in mind, it could be a target price or a targeted duration. Once the target is met, you should try not to get greedy. Trust me, greed will make you not to notice the perfect time when it is right before you. From your painful experience, you should know all of this already. It is never too late to start all over, learn from your mistake and continue from where you stopped.

[Finestream]

.

I am even ashamed to mention what I have left in my crypto wallet.

Sorry @op, I believe that by now you should have learnt from your mistakes. For a volatile asset like bitcoin, it is risky to invest only by guessing what the perfect time would be. The most ideal way to invest in bitcoin is to have a target in mind, it could be a target price or a targeted duration. Once the target is met, you should try not to get greedy. Trust me, greed will make you not to notice the perfect time when it is right before you. From your painful experience, you should know all of this already. It is never too late to start all over, learn from your mistake and continue from where you stopped.

Sometimes, having to experience those initial mistakes and losses will lead you to a bigger opportunity of achieving real-life profits. And that is why you are now seeing the value of bitcoin, not because majority are now into it, but because you have realized already that altcoins are not the best thing in crypto but bitcoin is. So if you are planning to maximize now your potential profits with bitcoin, now is the best time to do it while the market is giving us a good entry and while bitcoin is still in a bargain. You don't have to resort into lump sum buying, but even through DCA, you can still earn a good amount of bitcoin slowly, no rush.

[LogitechMouse]

---
1. Cycle doesn't matter, the profit you get is all that matters, get them secured, I failed to turn profits to usdt because I felt it's not the right time.
2. Do not trust 👎 those damnn YouTubers, we will bounce they kept screaming, today they started admitting that they were wrong all along.
3. Bitcoin and Bitcoin only is the best, I calculated $3,000 spent on BTC in 2022 @15,000 it's now worth $87,000.

I am even ashamed to mention what I have left in my crypto wallet.

It's not only you that's disappointed with how the altcoins moved this bull run. Many are, and that includes me. I expected that coins will pump, and while it pumped, I didn't expect that it would be that low. I'll said it again. meme coins are partly to blame on this one because they sucked some of the liquidity that's supposed to be put on high market cap altcoins.

Cycle matters still because you can use them as your basis on when to sell or buy, but don't rely on them too much. What's important is you have a selling price target and when that hits, sell your assets and get those profits. As for those YouTubers, I don't trust them as well. I only trust myself, and that's what matters. At least on that way, you will not blame anybody but yourself. They're predictions have the same chances as our predictions. For the 3rd one, you know what to invest in the next bull run cycle.

I wonder how much money left in your wallet though. I mean if you're still in profit right now then there's nothing to be ashamed of if you will ask me.

[mirakal]

Being able to reflect and write this down in your OP demonstrates a strong sense of self. This is a significant asset for getting back on your feet.
Losing is indeed devastating, but this experience can be a valuable lesson for making wiser decisions in the future.

Remember, market cycles are unpredictable past patterns don't guarantee the future. When you make a profit it's imperative to take it, as this is a crucial principle in investing.

Good point. We take the risk to invest because there is goal to profit, now that's already visible, do not be greedy and delay taking it, but take your profits as soon as you can. That is the safest, and the best thing to do especially that you invested on a risky asset. Same thing with bitcoin, know that there is always price fluctuations due to high volatility, always take your profits whenever its possible, otherwise you might miss the opportunity and blame yourself later on.

Bitcoin is bitcoin, no matter how profitable it is, the fact remains that its still highly unpredictable. So always chose to secure your profits first, before taking another risk and accumulate more bitcoin.

[bhadz]

I have the same experienced with your story OP, I am so stupid when investing and holding assets in altcoin too loyal trust that coins will be more profitable in the future. Have great time for taking much profit after holding around one until two years later but I miss all great opportunity to sell it keep holding until that altcoin drop drastically and delisting at market.

I also did have this mistake, held for so long but didn't maximized the profits because I have to sell earlier than to see the movement to the top. Because of my needs and some important other compliance that I have to sell those altcoins that I have. Also, I was one of those who have been convinced several times by those youtubers. They're good in talking and in building rapport, I've thought that they genuinely care for the community that they built. But you will find out later that the motivation is none other than money as usual.

[uneng]

3. Bitcoin and Bitcoin only is the best, I calculated $3,000 spent on BTC in 2022 @15,000 it's now worth $87,000.

I think that was the main mistake here. You went for altcoins and ignored Bitcoin. The cycles do happen and are real, but you have to take a reliable asset into consideration when analyzing cycles. Altcoins aren't safe to be studied through cycles. They are too unstable and driven by speculation, while Bitcoin has already proved to be more predictable along the cycles.

Anyway, now it's already done and there isn't why to complain about it. What matters is that you are still here and still have energy to work your way upside once again. That is what you should focus right now. Use the negative situation you just faced as experience to grow and develop a new mindset, addressing the mistakes you did previosuly, so you can make sure to not repeat them again futurely.

[HONDACD125]

What I learned and what others, especially newbies, should learn from this is to never trust YouTubers and influencers and make your financial decisions yourself after evaluating everything, doing your own research, and finally understanding everything properly, because if you follow their advice or suggestions, you won't get anything because at the end of the day, they are not going to lose anything if you lose everything, so it's you who is going to face financial problems, and it's your responsibility to make sure that you are not making the wrong moves in your journey.

Turning $3k into $30k and still not taking profits is a bad decision indeed, but that's not the end of the world. However, ditching Bitcoin for altcoins was definitely a mistake you made, and you made it clear that it was because of those influencers you were watching or following, and you got the wrong guidance. They probably keep saying that investing in altcoins can get you better returns because they have lower prices and have the potential to get better growth than Bitcoin.

[goldkingcoiner]

I lost everything and with the look of things I believe I have been deceived once again, I hope someone can learn from me

I have nothing on my head more than the 4 year cycle which I was so hellbent to fight through and win, but this thing is different and now it is too late.

1. I worked a lot to save up $3000 in 2022, I could say I found the bottom early but I choose to go with altcoin investments, I was there looking at $16,000 BTC but due to what I have gotten out of 2021 bull market and how 2018 was so accurate with 4 years cycle I thought the same would happened this time around.

I risked all. $3,000 and it grows up to $30,000, stupid me 😭😭😭 I was thinking it's too early since we are in the third year at the time, all I had in my head is it's too early, what a clown I am.

What ended up happening is we had a altcoin season and Bitcoin performed better as the last man standing, in the past it is always altcoins doing better after Bitcoin is done. Right now I don't see that happening, the charts are so so wrong and it looks like we are already in a bear market.

I promised to build myself a home but now it looks impossible due to my miscalculation, if you are reading through this have it in mind that ...

1. Cycle doesn't matter, the profit you get is all that matters, get them secured, I failed to turn profits to usdt because I felt it's not the right time.
2. Do not trust 👎 those damnn YouTubers, we will bounce they kept screaming, today they started admitting that they were wrong all along.
3. Bitcoin and Bitcoin only is the best, I calculated $3,000 spent on BTC in 2022 @15,000 it's now worth $87,000.

I am even ashamed to mention what I have left in my crypto wallet.

See it this way: You paid for an expensive lesson. But that lesson will make you more money later in life.

So do not see it with disappointment but rather a learning experience.
Use this knowledge and experience the next time you invest. The growth is not over.

Just make sure that in 10 years time you will not be regreting again...

[impulse709]

What I learned and what others, especially newbies, should learn from this is to never trust YouTubers and influencers and make your financial decisions yourself after evaluating everything, doing your own research, and finally understanding everything properly, because if you follow their advice or suggestions, you won't get anything because at the end of the day, they are not going to lose anything if you lose everything, so it's you who is going to face financial problems, and it's your responsibility to make sure that you are not making the wrong moves in your journey.

Turning $3k into $30k and still not taking profits is a bad decision indeed, but that's not the end of the world. However, ditching Bitcoin for altcoins was definitely a mistake you made, and you made it clear that it was because of those influencers you were watching or following, and you got the wrong guidance. They probably keep saying that investing in altcoins can get you better returns because they have lower prices and have the potential to get better growth than Bitcoin.

It is also a good lesson to you that it is dangerous to trust influencers. Most of them emphasize altcoins due to their sounding excitement or their benefit in terms of promotion, but not bearing the losses in case something goes wrong. The investor, at the end of the day, has to be brought to task so it is best to know the market yourself before you make an expensive error.

One of the most frequent mistakes to make is not to get profit when you have a good one, and most people learn this lesson rather quickly. However, the tendency to drop Bitcoin in favor of hyped altcoins almost always fails. Bitcoin has demonstrated long-term resilience with most altcoins being speculative. This is not the time to judge yourself, but that you have learned a lesson and can therefore make better decisions in future.

[Peanutswar]

Thats why its better to take profit than taking screenshots, its not a profit until you got it into your hands and into your wallet so better make sure you sold your asset some of the people invested into crypto thinking recently is they need to hold until then reason why they ended up holding much longer well cant blame people would like to risk and gain more. Its not all about the cycle because the crypto aint back again at the lowest price of the market and then back again to the top always make your profit so you dont regret when the market goes up or down with no regrets and overthinking. Before i used to be like that i think holding is more efficient not until the market crash instead securing what i have i focus with the hope of another pump for ATH.

Sometimes mistakes give us a lesson.An expensive one.

[SmartGold01]

Then when I was into altcoin and whenever I invested i do watch out for a 10 percent profits and whenever I made that I don't longer wait to make more from it as the 10 percent profits from that investment is already okay with me so that I wouldn't have to incur more loses when the price when south.
For altcoin investment one should have target and plans towards their investments so that they wouldn't get dumped by those who has already made their profits earlier from their investments.

That 10% TP definitely works. The problem that holding me from taking profit early is the fact that I invested into an altcoin with high risk so I expected high return but the return is nowhere to be seen.
I kept holding and holding yet these alts just never go up so I give up.

If it were 10% gain honestly I got that a lot, maybe I should start thinking of taking profit early with altcoins and only buying the dip. Sounds like more foolproof plan to be honest.

Of course that altcoin for you.. if you want to gamble with it you shouldn't be expecting much maybe little profits could go a very long way that expecting it to come in folds maybe 100 percent, at the time of waiting you could get trapped into losing what you have already gained from the investment. It's always smart to go on shorter term for altcoin, while you go for long term for Bitcoin.

[rachael9385]

Okay to summerize all of these your Regrets is based on the fact that you sold om 2022 and not holding for a long time, accompanied eith the losses that you incurred. Well, there is always an opportunity to start all over again, you can go back in time to change the past but you can start something now with the experience you have gained. Start gaining with whatever is left in your portfolio.

[Wind_FURY]

Be patient, you are not alone. Many people get the same as you but we have a better chance of getting it back later. It is your lesson and also your mistake so you need to move on and start again. It is no use crying over your mistake and not waking up because time is still ticking and will keep running whether you are there or not.

We may see the number in our portfolio increase but if you don't secure, those numbers can change especially in a bear market. If you want to take your profit, get it immediately and come back after the market is low. At that time, you will have more balance to invest more.

You're right about that. Many people who entered this crypto industry have experienced those kinds of things, not just the OP some may have even experienced worse than him, but that doesn't mean it's the end of our lives. That's really how it is in this crypto business industry field that we're part of.

We really need to be prepared for what we're doing when entering this world of cryptocurrency. We should know what limits we can afford to lose if we ever get defeated here, because we expect that its volatility is what becomes our risk here.

I am not saying that you're wrong, but it's merely easy to post something like that if losing all of your savings is not happening to you at the current moment.

Personally, I lost about 30% of my savings before using that money left to buy the Bitcoin DIP during 2019. During that time of losing it, I truly thought that I might never recover that loss, and that's only 30%. What if someone lost 100%? I believe if the amount was large enough, some people might never recover.

Losing 30% of your savings must have been really tough but it’s good that you managed to hold on and even took the opportunity to buy the dip later that decision alone shows that you didn’t let emotions take full control. For people who lose everything though the road to recovery is definitely harder especially if they used money meant for important things like family needs or daily expenses this is why risk management matters more than any other trading skill because once the capital is gone the mental pressure alone can crush motivation completely.

That's actually TRUE. That's absolutely why I was telling everyone in Buy the DIP, and HODL topic that if some of them are still YOUNG and SINGLE, then they should use close to 100% of their savings and invest all of that in Bitcoin. Because,

 - They have less/no responsibilities, therefore less reasons to sell for expenses/needs.
 - If they made the mistake of buying shitcoins and they lost all of their savings, it would be easier to recover than someone who is married/has kids.

When you say time keeps moving that’s an important reminder it means we can’t stay stuck regretting old mistakes the market won’t wait and neither should we accepting losses as part of the process is the only way to move forward the key is to rebuild slowly this time with smaller positions and stricter discipline. Everyone who’s been in crypto long enough has their story of loss and recovery some bounced back stronger some walked away completely the difference comes down to mindset if you learn from it manage risk better and only invest what you can afford to lose you’ll always have another chance to rise again.

I'm still single, and I have no responsibilities, but a friend taught me that even if you have no responsibilities, you should save at least six months worth of your living expenses, then invest the rest.

[Natalim]

3. Bitcoin and Bitcoin only is the best, I calculated $3,000 spent on BTC in 2022 @15,000 it's now worth $87,000.

I think that was the main mistake here. You went for altcoins and ignored Bitcoin. The cycles do happen and are real, but you have to take a reliable asset into consideration when analyzing cycles. Altcoins aren't safe to be studied through cycles. They are too unstable and driven by speculation, while Bitcoin has already proved to be more predictable along the cycles.

Anyway, now it's already done and there isn't why to complain about it. What matters is that you are still here and still have energy to work your way upside once again. That is what you should focus right now. Use the negative situation you just faced as experience to grow and develop a new mindset, addressing the mistakes you did previosuly, so you can make sure to not repeat them again futurely.

As long as you never quit from the forum, there's always chances to correct your mistakes and this time, just stick with bitcoin. But I cannot guarantee that you will not experience some mistakes and losses along the way, but this time you could be wiser and smarter when facing them.

However, just want to make clarity, there are still some potential altcoins in the market, maybe you just end up with the wrong altcoins. But if you can completely focus with bitcoin, much better, there'll be bigger profits await for you.

[Wind_FURY]

3. Bitcoin and Bitcoin only is the best, I calculated $3,000 spent on BTC in 2022 @15,000 it's now worth $87,000.

I think that was the main mistake here. You went for altcoins and ignored Bitcoin. The cycles do happen and are real, but you have to take a reliable asset into consideration when analyzing cycles. Altcoins aren't safe to be studied through cycles. They are too unstable and driven by speculation, while Bitcoin has already proved to be more predictable along the cycles.

Anyway, now it's already done and there isn't why to complain about it. What matters is that you are still here and still have energy to work your way upside once again. That is what you should focus right now. Use the negative situation you just faced as experience to grow and develop a new mindset, addressing the mistakes you did previosuly, so you can make sure to not repeat them again futurely.

As long as you never quit from the forum, there's always chances to correct your mistakes and this time, just stick with bitcoin.

He could quit BitcoinTalk, but he could still be OK in his investment journey if he actually sticks with ONLY Bitcoin. Although, there might be some smart shitcoiners, they probably won't share their investments in the forum. The people that actually share, are losers. Read their altcoin suggestions, the date of their posts, then look at the chart.

 

But I cannot guarantee that you will not experience some mistakes and losses along the way, but this time you could be wiser and smarter when facing them.

However, just want to make clarity, there are still some potential altcoins in the market, maybe you just end up with the wrong altcoins. But if you can completely focus with bitcoin, much better, there'll be bigger profits await for you.

Bitcoin HODLers have outperformed MOST shitcoiners this cycle. Any shitcoiner in BitcoinTalk who suggests you to buy "X" shitcoin probably has very little winning trades from 2022 to 2025.

[dunfida]

3. Bitcoin and Bitcoin only is the best, I calculated $3,000 spent on BTC in 2022 @15,000 it's now worth $87,000.

I think that was the main mistake here. You went for altcoins and ignored Bitcoin. The cycles do happen and are real, but you have to take a reliable asset into consideration when analyzing cycles. Altcoins aren't safe to be studied through cycles. They are too unstable and driven by speculation, while Bitcoin has already proved to be more predictable along the cycles.

Anyway, now it's already done and there isn't why to complain about it. What matters is that you are still here and still have energy to work your way upside once again. That is what you should focus right now. Use the negative situation you just faced as experience to grow and develop a new mindset, addressing the mistakes you did previosuly, so you can make sure to not repeat them again futurely.

As long as you never quit from the forum, there's always chances to correct your mistakes and this time, just stick with bitcoin. But I cannot guarantee that you will not experience some mistakes and losses along the way, but this time you could be wiser and smarter when facing them.

However, just want to make clarity, there are still some potential altcoins in the market, maybe you just end up with the wrong altcoins. But if you can completely focus with bitcoin, much better, there'll be bigger profits await for you.

The whole thing shows how different life feels when someone sticks with Bitcoin instead of drifting into random alts and your example of 3k turning into 87k pretty much proves the point because Bitcoin has a steady long rhythm that actually rewards patience while altcoins move like sparks you can’t predict and most of them burn out fast.

Your mistake wasn’t believing in cycles your mistake was trusting assets that don’t follow cycles at all and altcoins rarely line up with anything predictable because they’re driven by hype waves and sudden speculation while Bitcoin behaves like an asset that actually respects long term patterns and that’s why people rely on it for cycle analysis. The important thing now is that the past is done so stressing over it won’t help but carrying the lesson will and being here still watching still learning means you didn’t fold after losses which already puts you ahead of a lot of traders who disappear once things go bad.

[Floxynice]

Hey man! You are not the first person this has happened to, people have faced similar experience because they got greedy and refused to take profits when they were supposed to. They listened to hypes on altcoins and withdrew their bitcoin investment to buy altcoins, forgetting that altcoins are not guaranteed, only bitcoin is the most guaranteed cryptocurrency anyone can invest  in and be profitable if they are patient. These are lessons learnt, you'll do better as you progress on your investment journey. It is not too late, you can still make more money from bitcoin if you will not allow same mistakes to repeat again.

[Hamza2424]

1. Cycle doesn't matter, the profit you get is all that matters, get them secured, I failed to turn profits to usdt because I felt it's not the right time.

Securing profits is the main part and if we are in profit and thinking that we can make more and not booking even in parts, it shows our lack of skills in understanding how important calculation is if we do it in part. Bro I am not trying to ignite this situation more for you but booking is the best choice or was.

If you wanted to maximize your profit, you should have booked in parts, and if you think the market still has time to pump and you can make more profit, try to invest with other money and try to at least withdraw the amount that was your capital.