Trading coin experience

In this post, I would like to share what I have learned from my cryptocurrency trading experience!

I deposited 704eur=800usd since July 2021. First I use Binance and then I used P2P since I cannot send money to Binance using my bank account. I used TransferWise, but I don't really know how to transfer the exact amount of money the recipient, so I choose to send more money than what I need, wtf shit! This is my first lesson: Having knowledge before doing anything!

I spent my first 117usd to buy Bitcoin. At that time I see that AXS grow up much faster than BTC, I sell some of my BTC to buy AXS. Right after I buy AXS, the price went down so I sell it at the price much lower than when I buy. Yes, this is the second lesson: Not FOMO!

I then comeback to buy BTC and the money in my account increase. But wait, the number of my BTC was decreased. I am so stupid! that taught me about the Trap of BTC, ALT COIN and USD.

Overall, I learned that: Hold not Trade! When trading you may forget about the extremely high fee, be aware of it!

Latter, I buy ADA at the price 2.13USD/ADA. I guess that the price must go down and it indeed goes down! Now, I don't sell it like before, I do the contrary, I wait until it get back to 2,3USD/ADA, I sell! OMG, the price now moving up to 2.9USD! Don't trust your talent!

Then I buy ETH at 3148USD/ETH and then the price moving up, I buy more at the price 3364USD/ETH. My account is still increasing, happy! But, look! The position of my price was increased! So the next lesson is that The price position is important! So please only buy when the price go down, but in a upward trend.

France, 2021-08-25