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JacksonPalmer

The biggest lesson you've learnt from Bitcoin investments

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I've been recently wondering what people have learnt in their time of investment either in crypto or in other businesses.

I'll start by commenting the one lesson I've learnt when it comes to investments generally.

The Uncertainty Factor:

Investment always have element of uncertainty. Its always based on speculation of success which may sometimes go totally wrong though.

So, it's always a game with two tails....success and failure. Basically very similar to gambling. Even with the biggest research you can still be wrong at the end.

What is your own big lesson after investing in crypto?

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lesson i leaned..hmmmm... i think what i leaned is waiting for bitcoin to drop price and then buy it is a waste of time.. why not gamble it for quicker profit.hehe

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A long hold for bitcoin and wait for it to reach a very high price for me isn't that great since its price is volatile. I learned to divide my hold into two for long term and short term. Once satisfied with the price I sell my short term and buy back again when its price lowers again so that I will not miss some profitable times when bitcoin goes up and down.

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the lesson ive learned is not to trust any scheme sites nor any person you dont even know 

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On the topic of scheme sites, don't trust cloud mining ones either! Wasted a chunk of change early on a cloud mining site - fortunately, I learned my lesson without wasting too much.

Even if they're legitimate, your ROI is depressingly long...just hold the BTC, and you'll probably profit more.

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