it seems like you want to get rich quick
but you are just a beginner and a bit of experience.
no need to rush to sell and buy altcoin.
need research and do not easily panic and carried away emotion.
Topic: Am I the only one this unlucky during my entry into investments and crypto? - page 6. (Read 1493 times)
November 21, 2017, 04:57:04 PM
November 21, 2017, 04:55:40 PM
Happens all the time man. Best thing to remember don’t invest what you can’t afford to lose. I’ve made bad trades but habe also made good trades. It’s best to hold coins for a while for bigger profit. One thing I’ve learned is NOT to chase the candles. I personally like your approach starting small to learn. Before you know it you’ll be making trades making descent profit. Stick with it and learn from your mistakes.
November 21, 2017, 04:54:29 PM
I believe the secret is sticking with the strategy you choose.
If you want to daytrade, then set up some rules for yourself so emotion won't take te upper-hand. Else, hold...
If you want to daytrade, then set up some rules for yourself so emotion won't take te upper-hand. Else, hold...
November 21, 2017, 04:47:44 PM
The secret is to HOLD....kill fear completely and HOLD!!!
November 21, 2017, 04:42:23 PM
With such rather small ethereum amounts I consider would be much better to participate in bounty campaigns. In 1-1.5 monthes you will collect nice crypto portfolio and then will test your luck on it 
November 21, 2017, 04:35:31 PM
This story is not about you being unlucky, its about you trying to daytrade aggressively (and impatiently) without any experience and expecting to get rich fast and easy. This is not how crypto or any other market works.
November 21, 2017, 04:22:10 PM
Wow you did more trades in a day or couple of days and then I do in the entire month. I think not only in crypto but in stock/futures markets as well patience is the key. The fist thing you need to do is research (at least on what you are buying and why and how long are you planning to keep it). However there are plenty of people who rely on technical analysis alone and have done well. Also second thing you need is an exit plan if the trade doesn't go the way you want it to go (whether you are going to hold it, average it down or cut your losses). I am not a day trader and I can only give you hoddler strategy.
November 21, 2017, 03:57:25 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!
November 21, 2017, 03:31:10 PM
We have all been there especially when just starting many mistakes are made and you get smarter with each one, learning to hold and not panic is something that comes with time.
November 21, 2017, 03:19:55 PM
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.
I agree as well. Start off with long term, then when you have studied/followed a coin that has your interest long enough, you can think about short term or day trading.
November 21, 2017, 03:15:33 PM
Market movers are tight with their information and you an't compete so any short term strategy can't work, the game is rigged. On a long term basis you can deduct what the market movers want and you stick with the plan.
Buy low and sell high, everybody says.. but when is it low.. when it is high? When you go into a trade make 2 exit points, one if things go well and the other if they go south. Update them with new price movements.
Be disciplined about it and you'll avoid most disasters.
Buy low and sell high, everybody says.. but when is it low.. when it is high? When you go into a trade make 2 exit points, one if things go well and the other if they go south. Update them with new price movements.
Be disciplined about it and you'll avoid most disasters.
November 21, 2017, 03:01:58 PM
I actually have had bad experiences too while I tried to invest on btc or altcoins. Few months ago, I started to search for cryptocurrencies and decided to invest on bitcoin but I did want to earn on daily basis so, I watched the trends and it went down at that time , and I sold it. After that, I tried to get some eth, this time I waited few weeks but nothing changes, and while it was declining, I sold it. Lastly, I bought some ltc and the same thing happened . The lesson I learned, don't be hurry. There is no guarantee but as mentioned above, I think also that taking your time would be better if you want to earn. But always evaluate the advices, then decide what you want to do.
, and I sold it. After that, I tried to get some eth, this time I waited few weeks but nothing changes, and while it was declining, I sold it. Lastly, I bought some ltc and the same thing happened . The lesson I learned, don't be hurry. There is no guarantee but as mentioned above, I think also that taking your time would be better if you want to earn. But always evaluate the advices, then decide what you want to do. November 21, 2017, 02:38:36 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.
November 21, 2017, 08:34:04 AM
you're trying to trade and that is usual when you do so. One thing that you have to understand is that you can't predict the market, even if you follow technical indicators you will never be able to predict for sure whether the price will go up or down, it's not possible, because many external factors which can't be influenced by technical indicators are actually moving the prices (regulatory changes etc.) trading has these kind of troubles, that you sell/buy and end up making a loss, so you keep on thinking about what happened and try to justify certain actions, in other words you are getting stressed. That's the life of a trader. If you want to make some profit become a hodler. Which means that you will not sell, only keep on buying and start building stacks, and promise to yourself that you won't sell for the next e.g. five years.
November 21, 2017, 06:04:19 AM
Long term investment (HOLD strategy) has much higher ROI. It's pretty hard to buy and not track something every single day, but you should be consistent in your decision 
November 21, 2017, 05:30:37 AM
November 21, 2017, 05:13:50 AM
Hello,
You are not the only one who did this mistake. I just did this mistake yesterday...
I have to wait for the next pump which may be able to buy it. I have reacted too much with my emotion.
I think, we should be more careful about new coins or coins we are not used to trade. An analyze of the coin is needed before buying it.
You are not the only one who did this mistake. I just did this mistake yesterday...
I have to wait for the next pump which may be able to buy it. I have reacted too much with my emotion.
I think, we should be more careful about new coins or coins we are not used to trade. An analyze of the coin is needed before buying it.
November 21, 2017, 04:47:58 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.
November 21, 2017, 04:46:07 AM
Yeah, this is not forex. Instead of buying when it is past 1 dollar of your price, wait and you will see that it will increase more. 10 or 20 percent profit is a good level to sell in crypto, but of course it depends on the coin you are trading.
One rule: never bet against bitcoin.
One rule: never bet against bitcoin.
November 21, 2017, 04:45:01 AM
It's a lot of people, including the mistakes that many investing veterans make, and can not say that it's a mistake. Should it sell off an altcoin, will it continue to fall? You know, last year, many of the BITTREX exchanges were bears in the bear market, even at half the price of the ICO. It was frightening that individual altcoin was even lower than one tenth the price of the ICO.
I can not laugh because I often make such mistakes.
I can not laugh because I often make such mistakes.
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