Topic: Am I the only one this unlucky during my entry into investments and crypto? - page 3. (Read 1487 times)
December 08, 2017, 05:23:04 PM
December 08, 2017, 05:05:11 PM
Were you doing this with coins that are traded with usd only? Or some with altcoins as well?
December 08, 2017, 03:50:21 PM
Look, back in 2014 I have put several thousands of $$ in cryptos and everything that could go wrong went wrong. When my investment shrinked to almost zero and I was a bagholder of useless coins I took a pause of a few years from cryptos, but didn't sell. 3 dollars worth of Solarcoin which I then had in a forgotten wallet are now worth 2000$. And other coins as well. Time fixes things in cryptos.
Wow that is a good story to other people who may have coins that have dumped to near nothing, best to just hold it and see what happens, I think in your case you were very lucky that some of those like Solarcoin revived.
I have also worse stories of other coins which I dumped for nothing and now would be worth millions... and I know other friends with similar stories.
December 08, 2017, 03:27:50 AM
Welcome to the world of day trading, I would suggest you hold onto ETH and maybe only invest 5-10% into new alt coins. Either way, hold onto those as well for profit. selling quickly rarely pays off in a big profit, you will just make a small short term one.
December 08, 2017, 03:17:22 AM
I wanted to start my post with "I did the same". but i think that 90% of us did the same at the point they entered this world. The fact is that the changes in prices in cryptoworld is very dynamic and for a user with no experience this is very dangerous. Thats why before you start trading you should learn for a month or two. I`ve learned this from stock markets where if you want to have a chance you should learn for at least 6 months by reading and reading.
For start the safest way is to be a holder and follow some basic rules like never invest what you cand loose , dont sell at a loss, never move youre entire portofolio, dont do any panic sales, dont buy when it`s on top, learn how to spot a correction (thats the best time to buy).
For start the safest way is to be a holder and follow some basic rules like never invest what you cand loose , dont sell at a loss, never move youre entire portofolio, dont do any panic sales, dont buy when it`s on top, learn how to spot a correction (thats the best time to buy).
December 08, 2017, 03:03:21 AM
That's why cryptocurrency consider as risky investment and it's bad for short term trading.
IMO, bitcoin show a good profit if you invest it for a long term as you can see bitcoin growth over past 7 years, it's grow exponentially !
IMO, bitcoin show a good profit if you invest it for a long term as you can see bitcoin growth over past 7 years, it's grow exponentially !
December 08, 2017, 02:53:05 AM
This is the main problem of the newbie investors they dont do research before investing to anything,trading isnt just buy low and sell high,you need to do technical analysis to get an accurate trade results.
Yes, of course. The easiest way to get some money is do some research, watch YouTube Videos from some cryptoguys, if you found interesting coins, do your own research an then invest for longterm. For me the easiest way to make a great profit.
December 08, 2017, 02:51:07 AM
Don't do daytrading until you get a feel of the coin, of markets in general and have firm control on your emotion. Swing trading is way safer in crypto.
December 08, 2017, 02:49:12 AM
This is the main problem of the newbie investors they dont do research before investing to anything,trading isnt just buy low and sell high,you need to do technical analysis to get an accurate trade results.
December 08, 2017, 02:41:54 AM
Don't worry, in the beginning it can be hard to invest in the right coin or ICO, but in time you will get the idea and start making better decisions.
December 08, 2017, 02:33:30 AM
Actually i made a mistake too. I bought ETC in recent days in the price of $28.5. But now its a massive dump and falled down to $22. Almost 50% of my funds are lost. But i keep holding the coins, maybe next week it will pump up again.
December 08, 2017, 02:23:47 AM
December 08, 2017, 12:38:24 AM
You start small and build up. Your investment should be relative to the risk your taking.
December 08, 2017, 12:14:12 AM
haha, I think there are many people like you. Because trading is never an easy work. In my experience, if you are not good at technical skills, behaviors psychology and finding the news, you should not trade, let choose investment.
December 07, 2017, 11:02:37 PM
I've made some mistakes along the way and have seen others make some big mistakes as well. I would follow what others are saying and stay away from day trading unless you are very well versed in it. You'll stress yourself out to the max constantly trying to trade. Holding is your best bet for most. Do some research and find projects you feel will succeed and stick with them long term.
December 07, 2017, 10:58:58 PM
If you dont know how to do technical analysis dont do day trading,you will lose all your money theres a lot to learn before youll be familiarize to the market.
December 07, 2017, 10:49:40 PM
Lol stop doing daytrades.
Buy and hold for weeks or months or even years and you ll see more profit.
yes i completly agree. investing for a weeks and for a month is the best way to invest. doing trading for a day will make you lose money and even so you gain some its not going to be good cause you would lose some causr what in your mind is gain and cut lose Buy and hold for weeks or months or even years and you ll see more profit.
December 07, 2017, 10:48:41 PM
no, there are still a lot of people who experience unluckly in cyptocurrency world, because maybe someone suffered losses at the time of trading, lost due to hackers or failed projects. so you are not alone
December 07, 2017, 10:43:17 PM
it's casino and every single thing out there is stacked against the little guy. if it isn't developers themselves, it's pump and dumpers, if it ain't them it's the exchanges and last but most it's your own panicky mindset.
it's pretty incredible how many people here run straight into day trading when they don't have a clue about what you really need to be a success at it. the best you can do is find a coin you believe in, set a price that you'll sell at and wait. even then that's a big ass bet.
I agree, day trading is one of those things that can leave a lot of money but only 1 in 100 gets those results, maybe my bitcoin is not going to multiply overnight with that strategy but I'm not going to lose it either, by just following that conservative strategy I have been able to get some bitcoin, not a lot, but at least I have not lost my bitcoin and my profits come mostly from the crazy rally bitcoin is having in the last months. it's pretty incredible how many people here run straight into day trading when they don't have a clue about what you really need to be a success at it. the best you can do is find a coin you believe in, set a price that you'll sell at and wait. even then that's a big ass bet.
December 01, 2017, 04:31:53 PM
I think you are consistently buying at the top, you need to have a better trading strategy than this, investing or trading require discipline and one of the things I found out is that some people over do it and get burnt long run
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