Steemit Crypto Academy Contest / S7W2 - Relive Your Top Moments of the Year 2022 (about your crypto trading experience).
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Hello friend, You are welcome to read @jasminemary post. How are you doing today? In this post, I relive my Top Moments of the Year 2022 (about my crypto trading experience). Indeed, in 2022 the crypto industry experienced a lot of challenges. Let's get to know my best trading moment of the year.
What were your best moments in crypto trading in 2022? We want to know about your experience.
Despite how tough the crypto industry was in 2022, there were some months, days, and hours that I had my best moments in crypto trading in 2022. In 2022, between the months of January and February 23rd, I experienced so much joy in crypto trading. I could remember it was the month where we were doing crypto trading practically in this very community.
During these two months, I made profits in spot and futures trading in 2022. Then the price of the STEEM coin went from $0.41789 to $0.5123, and other cryptocurrencies were also moving well. I made some profit from Luna, which I was happy to sell until I lost all the profit that I made from Luna.
Also, after the Luna crash, my friend advised me to buy Luna, saying that Binance and other exchanges were planning to revive the coin, which I did before Binance stopped trading. Then I bought Luna with $10, and after Binance opened trading of the Luna/BUSD pair, boom, my $10 turned into $50, which made me feel happy.
Also, my best moments in crypto trading in 2022 were from March to early April 2022, when crypto was moving before May that Luna crash and spoiled my plans. Then some coins move by 2X. After Luna crashed I made some profit because I took advantage of the crash of Luna to buy some coins, which I later sold in June.
I learned serious lessons in 2022 when it comes to crypto trading, and the number one lesson that I learned was to set my limit and I shouldn't hold coins for too long; instead, once I have made a little profit, I should sell and buy when it has fallen.
In a nutshell, my best moments in crypto trading in 2022 that I experienced were the months of January, February, March, April, and October.
What were your worst moments in crypto trading in 2022? Tell us about your experiences.
2022 is the year that many crypto traders and investors will not easily forget due to the great dramatic events that happened in the crypto industry. Just two months before the year officially began, the total market value of all cryptocurrencies had reached a high of almost $3 trillion. In November 2021, Bitcoin, the king of the cryptocurrency market, reached a new all-time high of $69,000 as of 2021. However, since then, the entire cryptocurrency market, led by Bitcoin, has been in a downtrend, with 2022 seeming to be the worst. Many traders and investors, including myself, have cried.
Events throughout 2022 have harmed the overall sentiment of the cryptocurrency market, and bear markets are notoriously full of them. Ooh, right now I feel like crying over my losses. In 2022 May is the month that the entire crypto industry that was trading at a high of almost $3 trillion fall to below $2 trillion during the Month of May 2022 I feel like running away from cryptocurrencies because of the losses that I encountered.
Before Luna crashed, I had Luna worth almost $80, and at a certain point when I began hearing negative news about Luna, I quickly rushed and opened my wallet, and to my greatest surprise, my Luna worth of over $80 had turned to about $5.
Beside Luna, my entire crypto portfolio fell badly by more than 1200%; you can imagine the loss. Seeing how my portfolio was, I sold some of my coins and left only STEEM before I deleted two of my crypto exchanges from my phone because of the annoyances. although I have downloaded them back.
After the Luna crashed and everyone cried and worried, things started moving gradually okay until another coin, Tornado, swallowed the little money that I had invited, which got me angry and made me withdraw everything.
Another of my worst experiences was when the FTX crashed. Although I don't feel that much because I don't even have FTT as part of my crypto holdings, The only area in which I was affected was that it affected the price of other cryptocurrencies, including STEEM. The truth is that 2022 was a very dramatic year in crypto trading, where most investors lost their money and only the strong survived.
What did you learn from these experiences in 2022?
I learned so much from these experiences in 2022 that is helping today, and some of the things that I learned are:
As a crypto trader, I should always be active online and subscribe to platforms where I can get news concerning the industry.
From these experiences, i have also learned how to be satisfied with the profits from trading. Like if I buy a coin for $10 and make $5, I should sell it and wait and see. To this end, I learned not to be greedy while waiting to make so much profit on one cryptocurrency.
I have learned how to only invest the amount of money that I can afford to lose. In this case, I shouldn't invest all my money in crypto, and even if I do, it shouldn't be all in one crypto. Instead, I diversified my investment.
The experiences of 2022 taught me how to do research on cryptocurrency exchange funders, just like what happened to FTX. With that, I don't trust most cryptocurrency exchanges anymore.
Based on my experiences, I have learned how to close all my trades for the day before going to bed.
Tell us about your future in crypto trading for this year, 2023.
Well, I strongly believe that 2023 will be a better year for crypto trading. At the beginning of this year, even at the time of writing this post, all cryptocurrencies are experiencing a bullish market, which means this year will be far better than the previous year, even that of 2021.
This year in 2023, crypto trading will be vastly stronger because more people will be interested in crypto trading, and there will be a lot of positive change in the crypto industry at large.
I am inviting my fellow friends..: @temitopef, @yakspeace and @preye2.
Great post, it was really interesting to read about your crypto trading experiences in 2022. You've shared valuable lessons on setting limits and not holding onto coins for too long. Your best moments in Jan-Apr and Oct were truly inspiring and worst moments of May were relatable. Your experience with specific coins like Luna and Tornado shows the importance of research and strategy. Keep sharing your valuable insights and experiences
Thank you so much for your great support.
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Curated by : @steemdoctor1
Great post, friend! I appreciate the detailed account of your crypto trading experiences in 2022. It's clear that you learned valuable lessons from the ups and downs of the market. I particularly liked how you highlighted your best moments, such as the profits you made in January and February, and your worst moments, like the Luna crash in May. Sharing your experiences with the community is a great way to help others learn from your successes and mistakes. Keep up the good work, and I look forward to reading more of your posts in the future.
You have responded well to my post friend. Thank you for stopping by.
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Curated by : @steemdoctor1
Thank you dear friend @steemdoctor1
Hi @jasminemary,
These two months were really good for all crypto traders, wow that's great you made huge profits when steem goes from 0.41 to 0.51 dollars. Nice to hear from you that you made profit from LUNA coin, but unfortunately you lost your all LUNA profit.
In the year 2022 LUNA was really a bad coin for people, it's really bad that your 80$ LUNA will turn into 5$. Actually I also lost my money in this coin, but ups and downs are part of the game. I hope you learned a lot from it.
Yes, I also agree that 2023 will be a very good year for crypto trading. I hope you will earn good profit. Thank you so much for sharing. I wish you success.
Regards,
@malikusman1
Thank you so much for your lovely support sir.
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Curated by : @sduttaskitchen
Excelente post amiga, lastimosamente miles de usuarios salieron en perdidas totales con Luna, nadie se esperaba esta debacle, tener cryptos por un buen tiempo es sano pero debemos buscar las monedas que estén respaldadas y tengan una buena capitalización.
Thank you, friend!
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A very creative and detailed analysis of your 2022 experience with crypto, I have also learned to research on platforms before jumping on them.
You have written well on the topic of discussion my friend, your best moment was during the practical section in the crypto academy where you traded using the spot trading and made profit from buying and selling steem token from $0.41789 to $0.5123. I wish you success in this contest my friend.
Thank you sir for your good replied.
Hi friend,
First of all, I really feel sorry for your huge loss in the Luna crash as you have lost almost whole of your investment in that coin.
But I am glad to know that you have made very good profit from the tokens that you purchased just after the Luna crash and sell them in the reasonable conditions.
Yes, the market is highly volatile so we must be very careful before investing our assets in different coins. Thanks for sharing yout best and worst moments.
Good luck for the contest, friend.