0.2 and selling it for 0.18 is not a big deal at all
That was very cheap for you to learn something new
Day trade is not for newbie actually
Topic: Am I the only one this unlucky during my entry into investments and crypto? - page 5. (Read 1468 times)
November 22, 2017, 05:23:05 AM
Very detailed explanation, looks like you got good memories
0.2 and selling it for 0.18 is not a big deal at all
That was very cheap for you to learn something new
Day trade is not for newbie actually
0.2 and selling it for 0.18 is not a big deal at all
That was very cheap for you to learn something new
Day trade is not for newbie actually
November 22, 2017, 04:59:20 AM
November 22, 2017, 04:56:28 AM
I also had ups and downs. The price will rise. Crypto currency is necessary to buy. It's a shame to watch from the curb, when someone else makes a profit of 1000%
November 22, 2017, 04:06:14 AM
November 22, 2017, 03:52:43 AM
I address to the author. Before you go and trade on the stock exchange, you need to have either the knowledge to skilfully make a forecast, or insider information to know what will happen next with the crypto currency. In addition to this, you have newbie errors, such as "buying on the rise." Well and the main thing - to panic it is impossible! So, rather "temper"! Here you need a "cold" head!
November 22, 2017, 03:32:08 AM
You are not unlucky, you are only been tutored and prepared for life in crypto space. If all the stories you have heard of are that of unlimited and easy profit, I'm sure your exoerience has already burst your bubble. You will be alright with time and you will make money!
November 22, 2017, 03:20:48 AM
I have 3 tips for you.
1. Do not sell the etherium until it grows to 400, 500 dollars. Sell with a profit of 10 dollars - this is beneficial only for large volumes.
2. Coins that are not so popular, sell at a fall of 20%. Or do not sell at all. Leave them to grow up.
3. Be patient. I bought coins about half a year. I wait when they grow. Patience is important.
1. Do not sell the etherium until it grows to 400, 500 dollars. Sell with a profit of 10 dollars - this is beneficial only for large volumes.
2. Coins that are not so popular, sell at a fall of 20%. Or do not sell at all. Leave them to grow up.
3. Be patient. I bought coins about half a year. I wait when they grow. Patience is important.
This is really helpful! I will keep these in mind! Thanks!
November 22, 2017, 01:46:51 AM
well if it wasn't for you, all these holders wouldn't make money
November 22, 2017, 01:31:10 AM
Lol stop doing daytrades.
Buy and hold for weeks or months or even years and you ll see more profit.
Buy and hold for weeks or months or even years and you ll see more profit.
Totally agree! Personally, I'm not all for short term investments, I prefer the longer investments, they are more profitable imo.
November 22, 2017, 01:29:56 AM
November 22, 2017, 01:21:48 AM
November 22, 2017, 12:27:19 AM
Look, back in 2014 I have put several thousands of $$ in cryptos and everything that could go wrong went wrong. When my investment shrinked to almost zero and I was a bagholder of useless coins I took a pause of a few years from cryptos, but didn't sell. 3 dollars worth of Solarcoin which I then had in a forgotten wallet are now worth 2000$. And other coins as well. Time fixes things in cryptos.
Wow that is a good story to other people who may have coins that have dumped to near nothing, best to just hold it and see what happens, I think in your case you were very lucky that some of those like Solarcoin revived.
November 21, 2017, 09:47:45 PM
Look, back in 2014 I have put several thousands of $$ 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.
November 21, 2017, 07:14:13 PM
If you day trade and sell while you are losing, and do the same thing repeatedly, certainly you will get broke. I also do day trading but that is just for fun. What ever loses i have, that is part of the gamble and learning. Those amount i invested are just small anyway and i got a mindset that whatever i put in in day trading, those are money considered as lost. If you want a sure gain, choose a nice project and invest on it in long term. Surely its price will rise. Go for ICOs, I suggest.
November 21, 2017, 07:11:57 PM
Thanks everyone, I have taken all your advices and feel hope and better about this. I will become a hodler once I buy back. Hodling life suits me. And especially on low amounts, day trading gets me no where really. I was just doing for experience but it seems like I have got enough now lol.
The worst mistake when trading is making panic buys and sells because you made a trade 5 minutes ago and now the price is going the wrong way. If you are going to trade, you need to zoom out on the charts to get some perspective, and you need to understand why a price is changing and have a good idea of whether it will continue that way to give you a strong possibility of a good exit point to make a decent return.
I think I made similar mistakes to you when I started. Another thing to mention is if you are trading a coin against bitcoin, then there is not just the movement of the alt to take into account, but also bitcoin movements against fiat too.
November 21, 2017, 06:59:33 PM
November 21, 2017, 06:03:38 PM
Sounds like you want misery to keep you company. lol
I haven't exactly been unlucky with crypto, because I don't do a lot of trading--I think most coins other than bitcoin are complete garbage and aren't worth owning even for a millisecond. But I've owned quite a lot of fiat dollars' worth of bitcoin since I started in 2015, and stupidly I ended up selling it or spending it all. And we all know exactly what happened since 2015--prices have gone through the roof. Had I held onto all of that bitcoin, I'd have more money than I've probably ever had in my life. So yeah, I regret doing all of those trades. But if you trade bitcoin for shitcoins, you get what you deserve. Buy-and-hold is the only way to go in my opinion.
I haven't exactly been unlucky with crypto, because I don't do a lot of trading--I think most coins other than bitcoin are complete garbage and aren't worth owning even for a millisecond. But I've owned quite a lot of fiat dollars' worth of bitcoin since I started in 2015, and stupidly I ended up selling it or spending it all. And we all know exactly what happened since 2015--prices have gone through the roof. Had I held onto all of that bitcoin, I'd have more money than I've probably ever had in my life. So yeah, I regret doing all of those trades. But if you trade bitcoin for shitcoins, you get what you deserve. Buy-and-hold is the only way to go in my opinion.
November 21, 2017, 06:01:01 PM
Buying some books and getting into the basics would save you money.
However even if you get some knowledge + experience and won't be doing trivial mistakes, it's still not easy to multiply your BTC (by >1 of cource:). I mean it's relatively easy to make some profit in USD on growing market, but making profit in BTC is takes A LOT of skill and sometimes luck.
Dr. Alexander Elder says in his book, that a very good result for the first year of trading is not to give up and not to loose more than 10%. For second year it's good if you get the same you started with. And only third year of daytrading you can hope to make some profit.
So Hodl your coins and it'll save lots of time, nerves and cash. And rather likely than not you'll get some profit.
And a little bonus to support you. Here is the poll about cryptotrading.
https://goo.gl/forms/3XVfqoendEXSVl7E2
You'll find out the results when you complete it.
I did one in one russian telegram channel and got over 150 responses from traders. 65% didn't make any profit. And 70% out of the successful part are trading less than 3 months. So this might be just a luck. Let's find out how things look here on bitcointalk!
However even if you get some knowledge + experience and won't be doing trivial mistakes, it's still not easy to multiply your BTC (by >1 of cource:). I mean it's relatively easy to make some profit in USD on growing market, but making profit in BTC is takes A LOT of skill and sometimes luck.
Dr. Alexander Elder says in his book, that a very good result for the first year of trading is not to give up and not to loose more than 10%. For second year it's good if you get the same you started with. And only third year of daytrading you can hope to make some profit.
So Hodl your coins and it'll save lots of time, nerves and cash. And rather likely than not you'll get some profit.
And a little bonus to support you. Here is the poll about cryptotrading.
https://goo.gl/forms/3XVfqoendEXSVl7E2
You'll find out the results when you complete it.
I did one in one russian telegram channel and got over 150 responses from traders. 65% didn't make any profit. And 70% out of the successful part are trading less than 3 months. So this might be just a luck. Let's find out how things look here on bitcointalk!
Naw man you're not, and if this is the case you should just stop investing into other cryptos and hold your BTC. You will be much better off and live a less stressful like because you will actually make money and you do not have to waste time looking at charts so you can use your time and energy to make more money. This is what it is all about for newbies, or how it should be anways.
November 21, 2017, 06:00:14 PM
November 21, 2017, 05:57:44 PM
Stop trying to daytrade and just hold your coins. Keep buying a little bit more with what you can afford each month and you'll see your stack grow back in no time! Trading is for experienced people only, and even those constantly end up losing as well.
Jump to: