Row 10144

Row ID: 10144 | Dataset Entry | Axioma AXP Content Repository

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No worries. Learned from teaching crypto to 40+ people in 2019-2020, most traders have to learn the lessons the hard way.

4 of 40 students listened to the advice to focus the majority on BTC and maybe ETH. The majority of students found a way to lose by the end of 2021.

Showed them the 4y cycle, all the evidence from lookintobitcoin etc. 3 UP, 1 DOWN, many of the best sources of information. Etc.

How did 90% lose?

1. A small group of friends who bought early 2020, were up $100k, then bought travel Altcoin at the end of the rally. They lost the $50k - 100k together each. One of this set still has some decent BTC remaining.

2. Some students waited months to invest. Bought after 40k. Or bought a little after the class and a lot more after 40k. Ended up selling down in the bear market. Lost and gave up.

3. Bough so little it didn’t matter

4. Hacked and lost it somehow despite me starting every class discussion with hardware wallet security. Plus I sent email text and follow up horror stories about people losing crypto. Most students did not bother getting a hardware wallet and left it on an exchange.

The winning 4:

1. I helped one family member directly. Setup their hardware wallet. They never learned how to use it so just held the original position of mostly btc and a small selection of ETH and alts. Worked out well for them. This person, asked me, luckily, near the end of the rally in 2021, after October, but before December, for a cash out to be able to buy a rental property. Best decision ever. Not sure how they knew it was the top. But, the psychology of that particular person taught me something. Once they were up 5X or 10 X, they were interested in selling.

2. One only bought BTC and ETH like I said. They were to afraid to do anything else. They are happy to have done nothing.

3. One student bought BTC only, at over $40,000 in 2021. They took the losses, but held through 2022. After 2022 bear market, they liquidated their entire 401(k) and bought that dip, about two months ago, after the ETF, they were telling me how much they were up, they did extremely well with that decision. Because they stuck with it, learned about it, and he figured out to go ahead and make the decision at the right time in the bear market.

4. 2 students actually got deep into defi and learned about it all. One more than me now. That student and I still share info. They are setup for this rally.

The way to win, time. Stop trading, hold BTC 🚀and let it go up. If you get alt fancy, do it early bull market and always keep a btc stash.

FieldValue
text No worries. Learned from teaching crypto to 40+ people in 2019-2020, most traders have to learn the lessons the hard way. 4 of 40 students listened to the advice to focus the majority on BTC and maybe ETH. The majority of students found a way to lose by the end of 2021. Showed them the 4y cycle, all the evidence from lookintobitcoin etc. 3 UP, 1 DOWN, many of the best sources of information. Etc. How did 90% lose? 1. A small group of friends who bought early 2020, were up $100k, then bo…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-20
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url_encoded Z0FBQUFBQm5Lak9JYmF5b2dILTBTZkxOUnJ5R2hGaVRwcUhqcWpPamJOMFNiTHhEWndqTXJLOFhnU1V6MnlxY0tqeklCMVJkc3ZfaDh4WGJYUTEtQzJINkNBYU5VdEk4V3lMSUplVUZ5RTExakx3cWhDUkdTQ2JwUkk1WFVVUjJsanpIR0tZc2dqejNoQlVWUVEwbEF0dHNhZ1NWNkNRbzBaZm91MEVXWEExekFYSTRacG5oRi1lSzVySzJpYkdscmMxX0dRX3B4ZkdyVUdwSjMwVVFZdUhDMEYzdGlSTzBuUT09

Raw Record

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  "text": "No worries. Learned from teaching crypto to 40+ people in 2019-2020, most traders have to learn the lessons the hard way. \n\n4 of 40 students listened to the advice to focus the majority on BTC and maybe ETH. The majority of students found a way to lose by the end of 2021. \n\nShowed them the 4y cycle, all the evidence from lookintobitcoin etc. 3 UP, 1 DOWN, many of the best sources of information. Etc. \n\n\nHow did 90% lose? \n\n1. A small group of friends who bought early 2020, were up $100k, then bought travel Altcoin at the end of the rally. They lost the $50k - 100k together each. One of this set still has some decent BTC remaining. \n\n2. Some students waited months to invest. Bought after 40k. Or bought a little after the class and a lot more after 40k. Ended up selling down in the bear market. Lost and gave up. \n\n3. Bough so little it didn’t matter \n\n4. Hacked and lost it somehow despite me starting every class discussion with hardware wallet security. Plus I sent email text and follow up horror stories about people losing crypto. Most students did not bother getting a hardware wallet and left it on an exchange. \n\nThe winning 4:\n\n1. I helped one family member directly. Setup their hardware wallet. They never learned how to use it so just held the original position of mostly btc and a small selection of ETH and alts. Worked out well for them. This person, asked me, luckily, near the end of the rally in 2021, after October, but before December, for a cash out to be able to buy a rental property. Best decision ever. Not sure how they knew it was the top. But, the psychology of that particular person taught me something. Once they were up 5X or 10 X, they were interested in selling.\n\n2. One only bought BTC and ETH like I said. They were to afraid to do anything else. They are happy to have done nothing. \n\n3. One student bought BTC only, at over $40,000 in 2021. They took the losses, but held through 2022. After 2022 bear market, they liquidated their entire 401(k) and bought that dip, about two months ago, after the ETF, they were telling me how much they were up, they did extremely well with that decision. Because they stuck with it, learned about it, and he figured out to go ahead and make the decision at the right time in the bear market. \n\n4. 2 students actually got deep into defi and learned about it all. One more than me now. That student and I still share info. They are setup for this rally. \n\nThe way to win, time. Stop trading, hold BTC 🚀and let it go up. If you get alt fancy, do it early bull market and always keep a btc stash.",
  "label": "r/cryptocurrency",
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  "datetime": "2024-05-20",
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}
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