Steemit Crypto Academy Contest / S7W2 - Relive Your Top Moments of the Year 2022 (about your crypto trading experience)
MY BEST CRYPTO TRADING MOMENTS IN 2022
However, the year 2022 has not been good for crypto traders, as the portfolios of long-term investors have been badly affected in the year 2022. Due to the crypto crisis this year, people faced a lot of problems. I consider this year to be my bad crypto trading year. At the beginning of 2022, the total amount of my crypto portfolio was about eight hundred dollars, which later decreased to only three hundred dollars.
But it is not that I did not earn that year from crypto trading. I well remember that on July 13, 2022, when I suddenly opened Binance on my mobile phone, I saw that Polkadot (DOT), my favourite crypto, was priced at around 6.15 USD due to a market crash. Seeing a good opportunity, I didn't let it pass me, because DOT was a very good coin, and seeing it at such a low price, I decided to invest in it.
I had a hundred USDT in my Binance account, and I invested all of it in the DOT coin, and I got about 16.26 DOT. I was very optimistic because my cryptographic charting was telling me that the market would now go up. I kept these coins in my portfolio for a few days. When I opened my portfolio after a few days, I saw that the market was actually going up and the price of my coin was also increasing.
But I didn't sell these coins at that time because I was still hoping that the market would go even higher. After about five to six days, I sold these coins at a price of about eight dollars, and I got a good profit of about thirty dollars, which is about seven to eight thousand rupees in Pakistani rupees. Earning 7 to 8 thousand rupees in just a few days was great for me, and this was one of my best crypto trading moments of the year 2022.
MY WORST CRYPTO TRADING MOMENTS IN 2022
There is no denying the way the crypto market was on the brink of collapse in 2022, and I think a lot of people lost their money in the year 2022 because of cryptocurrencies. In 2022, I saw the biggest coins in the crypto world collapse with my own eyes. More than $100 worth of coins disappeared within days. Due to the downfall of these coins, people suffered a lot, and many people lost confidence in the crypto market.
At one point in 2022, I thought crypto had started again because coin prices were too low. As I mentioned above, my portfolio was around eight hundred dollars at the beginning of 2022, and by the last months of 2022, it had dropped to around two hundred fifty dollars. In 2022, I lost almost more than 500 dollars in crypto trading. As a student, this loss was huge, but God gave me a lot of encouragement, and I endured it.
Now I will tell you the moments in which I faced loss. Actually, Luna Coin was a very good coin in the crypto market, and I also believed a lot in this coin. One day, when I saw a huge decrease in the price of this coin, I thought about investing in it. I thought that the entire crypto market was crashing, so now was a good time to invest in it. A LUNA coin was worth about $25, and I bought 2 coins, which were about $50 worth.
Then I was shocked and very upset when I saw that the coins that I had bought for fifty dollars were not worth a single dollar anymore, and I lost my money. These days I am very worried, and I even went into depression because this amount was too much for me. Then I thought that the moments that pass cannot be brought back; it was one of the worst moments of my crypto trading in 2022.
LESSON FROM THESE EXPERIENCES
I learned many profound lessons from these experiences. Because I was a new crypto trader in 2022 and I didn't know much about the crypto market, I learned one thing: we shouldn't invest all our money in crypto currencies at once. Because in some coins I had to face a lot of losses by investing all the money at once.
Also, I learned from these experiences that the crypto market is very risky, and we should invest only the money that we are willing to lose. Because the crypto market can make us very rich overnight, and if we look at the other side of it, it can also make us poor overnight. Because a coin above a hundred dollars goes down to zero dollars in a few days, which teaches us a lot.
Also, I learned from these experiences that we should do crypto trading with full charting and we should diversify our portfolio, not just one, but we should invest in different coins to avoid a big loss. I have also learned from these experiences that no one can predict the future of cryptocurrency; no one knows what will happen tomorrow.
MY FUTURE OF CRYPTO TRADING IN 2023
Although 2022 has not been an easy one for cryptocurrencies and has hurt many people, the way the market is performing at the beginning of 2023 is a very good sign for crypto, and I think 2030 will be a good year for cryptocurrencies. As we mentioned above, nobody can tell about the future of cryptocurrency, but I hope that it will give me profit in 2023.
I am saying this because the first month of 2023 is not even over, and I have already earned almost 60 to 70 dollars from the crypto market, which is a very good thing. Bitcoin has touched around $16,000 to $23,000, which tells us that 2023 is going to be a very good year for crypto lovers. Every coin I have invested since the beginning of 2023 has given me a profit. which tells me that 2023 will be a good year for me as a trader.
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For example, on January 19, 2023, I invested fifty dollars in STEEM, and today I sold them; they are worth about fifty-two and a half dollars, which means that I made a profit of $2.50. I bought STEEM at about $0.1852 and sold it at $0.1946 for a profit of $2.50. In the screenshots above, we can see evidence of this profit. I think 2023 is very good for me, and I hope I will enjoy crypto trading this year.
https://steemit.com/hive-172186/@malikusman1/achievement-1-by-introduction-malikusman1
WRITER:
Greetings, my friend @malikusman1.
Great post , I like yours thoughts and review ,you had faced both some good and bad moments in your crypto trading (part of life life and spacially crypto experience as well no to worry ) experience in 2022. It's understandable that the overall market conditions were challenging for many traders that year. However, it's great to hear that you were able to identify a good opportunity and make a profitable trade with Polkadot (DOT). It's important to stay vigilant and take advantage of opportunities when they present themselves.
On the other hand, it's also important to learn from our mistakes and losses. It looks like you had a rough time with the Luna Coin trade, and it's understandable that it would be disappointing to lose money. But it's important to remember that crypto trading is inherently risky, and losses are a part of the game. It's important to not let one bad experience discourage you from continuing to learn and improve as a trader.
Overall, it's important to keep in mind that crypto trading is a long-term game, and it's important to have a strategy and stick to it. Keep sharing your experiences and learning with the community, and always strive to improve as a trader.
Hello @artist1111,
Yes, this year has been a tough one for crypto traders, but we must take full advantage of the opportunity and take advantage where we can, and I did.
I thought LUNA coin was great but unfortunately something bad happened to it. But I totally agree with you that we should learn from our mistakes so that we can avoid such mistakes in future. I also totally agree with you that cryptocurrency trading is very risky and we should be careful with it, indeed profit and loss is part of the game. If we want to make profit from cryptocurrency then we need to invest in it for long term.
Thank you so much for visting my post as well as your good comment. I hope that you will also take part in it. I wish your success.
Regards,
@malikusman1
Assalam o Alaikum Usman bhai,
Umeed ha ap kheriyat su hon gy or apna time enjoy kr rhy hon gy. Mjy ye jan kar bohat khushi hui ha k apny DOT coin sy kafi acha profit kamaya or yakenan ap ny is me invest krny sy pehly achi janch padtal ki hogi.
Mjy ye jan kar bohat dukh hua k meri trha ap ny b LUNA crash me kafi loss ka samna kia ha. Apny bilkul thek kaha ha k crypto market unpredictable ha so hamy is me invest krny sy pehly risk management ko follow krna chaiye.
Ap ny in tajurbat sy kafi acha sabak sekha ha or mjy umeed ha k apka 2023 ka saal bohat acha guzry ga. Meri trf sy naik tamanaiyein. Post share krny ka shukria or me apki taraki ka duago rahon ga.
Brother I need to know one thing about club5050. If I withdraw my SP will it affect my club5050 position? or just the Steem withdraw and converting it to SP is included in club5050? I am asking you this because you are older than me and you have been active for long. :)
Yes brother, it will surely affect your club status. Look, for withdrawal of SP, you have to do a power down and if a user have power down history in last one month then he is not eligible for club5050. In club75 case, 2 months are considered and so on for club100, 3 months are considered. I hope that you will get the point.
Assalamualaikum.
Walikum Asalam!
I need some Steem for personal use mean need to sell it because I need some money. But it will affect club5050 position. Don't know what should I do now.
However, thank you brother for guiding me :)
Brother I have one more question if you don't mind. When we get reward it divides into 2 SP and Steem. If I withdraw all Steem but not the SP will I still be in club5050? like our reward is already divided into 2 mean 5050. Or we need to transfer half steem to SP and can withdraw half?
Also can you check my club5050 position on Steemworld? I have some doubts so need to clear in which club I currently in.
Ho brother, you are currently a part of club5050 as you have 114 power up and 110 transfer out in last one month.
Look brother, club5050 simply means to convert 50% of the earning that we get in the form of liquid Steem tokens. We have to divide the total Steem (not SP included) into two parts and then power up one part while withdraw the other one. Hopefully, it will be cleared now.
If you have any more question, you can contact me on discord as ask freely.
steemdoctor1#7159
I got it brother. Thank you for clearing it. I will send request on discord :)
Wa Alaikum Asslam bhai jan,
G han g mene DOT token se kafi acha munafa kamaya tha, or mene yaqeenan investment se pehly janch partal ki thi.
G han g sab ki tarah LUNA k crash me mje b nuksan ka samna karna para, lekin nafa nuksan karobar ka hisa hain.
Tarajrbat bht kuch sikhaty hain or mene in se acha sabaq sikha. Apky tabsry ka dil se shukria.
Good morning.
true sailors are produced from wading through seas full of big waves, Year 2022 you have gone through well even though you experienced losses from assets of 800 dollars to around 250 dollars but surely there are many lessons to be learned and I'm sure Year 2023 you will be even more successful
In sha Allah, and thank you so much for good wishes.
Great post @malikusman1, it is always enlightening to read about other traders' experiences in the crypto market. Your account of the ups and downs of your trading in 2022 highlights the volatility and unpredictability of the crypto market, and the importance of being strategic and cautious when making investments. I appreciate that you shared the lessons you learned from your experiences, it's clear that you have gained valuable knowledge and insight from your trading in 2022. One key takeaway that stood out to me was your reminder to diversify our investments and not to put all our eggs in one basket. This is a valuable lesson for all traders to keep in mind in such a volatile market. I can relate to this as my brother invested $200 in crypto and now he has only $35 left in his crypto wallet. Keep sharing your experiences and insights, it's always beneficial for the community.
Crypto currency kafi zyada risky ha, mje ye sun k afsoos hua k apky bhai ne b is market me paisa lose kia, lekin preshan na hon 2023 hamary liye acha hoga. Apky kimiti tabsary ka dil se shukria.
Good morning.
We support quality posts, and good comments anywhere, with any tags.
Thank you so much for the support @goodybest.
The year 2022 was seriously a difficult time for crypto traders and long time investors my dear friend.
You were really favor from inviting in Polkadot (DOT) just as I was favour at the time I bought Luna after the crashed. Know how risky the crypto market is will give someone a peace of mind. You have presented a nice post. I wish you the very best.
Indeed, 2023 was a very difficult time for many crypto traders. I hope 2023 will be easy for all of us. Thank you so much for visting.
Good morning.
You have written so well on the topic under consideration my friend. Your best moment is when you made huge returns from your DOT investment which gave you a lot of joy. Among the lessons you have learnt so far, not investing all our money in crypto is one of it. Indeed crypto trading is risky hence we shouldn't always invest what we can not afford to lose. I wish you success in this contest my friend.
Yes, we should not invest our money in crypto together. I really learned some good lessons from him, I hope these lessons will help me in 2023.
Good morning.
They say there are two sides to a story and that's why when some people are losing on a market some would be profiting. When the market of LUNA was coming pack from the bottom, I buy some and made some profits.
Sorry for your loss, a lot of traders lost money to LUNA and FTT while some used that opportunity to make profits that will satisfy them for a life-time, by shorting the LUNA market to make more money.
I also believe the crypto market will do very this year as we are already seeing some signs from the beginning of the year.
Indeed, there are two sides to the story, profit and loss is part of the game. Thank you for visiting my post.
Good morning.
Amigo el 2022 fue un año bastante duro para todos nosotros, sin embargo, si te mantienes holdeando lo más probable es que tu cartera surga con el pasar del tiempo.
Luna fue algo bastante importante de forma negativa para las cryptos, sin embargo, este mercado es bastante nuevo y bastante manipulado, solo debemos intentar resguardarnos en las cryptos con más volumenes y capitalización.
Hola amigo, no cabe duda que el 2022 fue un año duro para nosotros. pero seguiremos haciendo trading. Espero que 2023 sea bueno para nosotros. Muchas gracias por un hermoso comentario.
Estamos para ayudarnos amigo querido, creo que a finales de marzo hay un buen proyecto en Binance, esté atento.
Bendiciones!!!