Topic: Anyone can succeed as a bitcoin trader - page 5. (Read 793 times)

Merry Christmas to you in arrears!

You see, trading is not child's play and it is rather easier said than done. Be it Bitcoin or anything, it is not easy to trade and profit on a normal day. But what I believe is making people think it is easy is that they are gaining in Bitcoin now, however, the reason is easy, they can trust the bullish side and it is not uncommon in the market when people would think a certain direction is the holy grail direction when the market is strongly biased in the direction. But that condition is not always so in the long run. For now, not only Bitcoin, it is all cryptocurrencies with the right projects, they are giving traders and investors huge amounts of money, and this is easy.

You can imagine BNB for example, when the Binance issue came up when CZ and his company were fined for anti-money laundering. I saw BNB around $200 per one, but today, it is above $310. This happened in the shortest possible time and those who had anticipated the move since this is the FOMO time for cryptocurrencies would have bought it and be making huge money through it on spots and futures markets. It is as easy as that, this is the season for that. But we should be weary too, trading can be so tricky and could deceive you into believing you can win all the time, but if care is not taken when the market is back to normal without FOMO, then you see the other side of the market.

Some traders prefer to be okay and continue trading hoping for some luck like they are in gambling rather than telling what really happens to them.
That certainly happened to me, not all the time I was in profit, the same thing with losses but that is normal. But as I've tried to evaluate the number of times that I was in profit, I find out that I lost more than what I earned - quite disappointing. So I decided not to focus on trading and I'm now more into investing because I see it was less stressful.

Trading has high risks. Beginners who want to get rich quickly? Get up. You have to accept the beastly market. Speculation? Part of the game, but not all of it. How about that four-year Bitcoin cycle? A good event for all traders. Honestly, trading gambling? This is fireplay. Traders shouldn't depend on luck. Years of hard work, learning, and planning are what it really takes to win. No easy ways out or magic tricks.

Last but not least, trading is cruel. If you don't understand this market, it will eat you up and kick you out. The only skills you need to survive are knowledge, planning, and toughness. Are you a gambler or a trader before starting?

The point is that if a layman enters the world of trading, of course he will not be successful in trading because he will experience difficulties and even big losses. Trading is not as easy as buying bitcoin and immediately becoming rich. Because the trading world is full of speculation. Unless your first hobby is speculation, that's okay, especially since Bitcoin has a cycle that can almost be said to be repeated every four years.

The important point is that nothing is instant in trading except gambling and even that requires luck. Trading can also be used for gambling, depending on the response. If you want to get rich in trading, you have to struggle for years. You can suddenly become rich or suddenly poor if your mindset in the world of trading is like gambling, if you don't understand the market, of course you will lose, after a loss you will definitely leave trading. So trading is not as easy as you imagine, it requires knowledge and strategy.

It's sad, but you're not the only one who loses his money trading. According to statistics, 90% of traders lose their money. And the fact that almost everyone writes on the forum that they trade and make a profit is just a desire to pose as a successful trader, and not a statement of reality.

Everyone can become a successful trader but many individuals aren't ready to do what it takes to become a successful trader, they won't learn properly before they start gambling. They want to take the shortcuts and waiting for other individuals to do all the work then they benfits from the signals. If any newbie that wants to become a successful trader study very well on how to read charts and understand the market movement, that individual will become a profession trader.

The more you trade and make mistakes the more you understand what you're doing wrongly and make corrections but when you rely on others giving you signals you can't learn from the mistakes they make. As a new trader, learn one strategy and perfect it so you can become an expert in that way of trading. Don't stop learning things about the market as there's so many things you won't know as a new trader.

Indeed, a lot of individuals have voiced complaints about this kind of problem, even since trading involves losses; if you don't lose, you won't be able to determine the item's true value. Though it isn't always possible, we all want to look on the bright side of things. However, those who have not yet acquired the necessary abilities, fundamental understanding, or knowledge of bitcoin trading are the ones that lose money most or at any point during trading. There are a lot of things one has to know before they start trading that will help them along the way. Some people  didn't take the effort to get knowledgeable about the required skills before participating.


It's possible that the individuals are searching for daily meals and lack the resources to invest in bitcoin. As bitcoin is a long-term investment, it is evident that these people will not make bitcoin investments. They trade bitcoin because they are either mentally unable of taking on the risk of investing and keeping an eye on their money for an extended length of time. You are aware that some investors would rather make quick investments where they can be sure they will receive their money back. If you are knowledgeable about bitcoin trading, you can take advantage of this because you won't constantly lose money.

Losing money is fine but not learning from your past mistakes means you're totally trading with no strategy and zero improvement. Mistakes made ought not to be repeated. Bitcoin have change the lives of so many people in the space and have also been the main reason why most people doesn't have a solid ground in the crypto space. I've lost gigantic amount during the period of bear season, I was a newbie and don't have the experience to push further other than seeking for any slight entry without confirmation. If you're still losing money, it means you're not in the position to trade or not ready. You have to seek knowledge before you can sits in good position to earn.

If we don't have enough knowledge about the trade when we trade then there is a high chance of losing money when we trade. So before trading we must have enough knowledge about the trade and have enough knowledge about the market then our chances of loss will be less.  In trading, however, we need to have a long-term plan and trade with patience. If we trade with patience, we will succeed one day.

Some trader have been success and any of them failed with trading in bitcoin, indeed bitcoin has good progress up drastically but not all trader in the success position sell too early or hold it too long until loss the opportunity for earning much profit. Don't look one side only about people have been success in trading because many of them not publish bad experience when loss more in trading. Don't make your self afraid for investing in bitcoin because still has chance to earn profit in the future exactly invest in right time and not blame to learn trader experience when loss much money from trading.
Must understood about risk in trading before become the investor in bitcoin, not all trader are on the top position become success from bitcoin but you need learned from how many people failed with trading.

Anyone - that is right but not all because not all are also willing to wait and not all are willing to correct their mistakes.

Trading as we know is risky, many traders can't bear it and so they quit after suffering losses. This means that only those who can carry the risk and carefully manage their emotions will likely reach their goal. Because this field is not just about money, I can trade because I have a lot of money, but this will involve proper knowledge and skills, a market approach, and a mindset that most traders don't have.

It is very difficult to me...I always trade in the opposite direction and lost money...

Yes anyone really is has a shot in bitcoin trading, anyome could be successful and anyone could be fortunate because of bitcoin trading but those anyone should have the necessary traits, knowledge, skills, experience and patience, in short if a trader is commited on wanting to suceed in bitcoin trading the they should be ready to face the hard ship of trading and ready to concur their weaknesses in the face of bitcoin market as we all know its easy to say that anyone could be a successful in trading but it never was an easy process, all gas its process and even the experienced traders in bitcoin sometimes stumbles but the most important thing they know how to manipulate it they know how to recover and they know what to do next in order to recover their lost.

It's not bad to give this kind of encouragement to beginners in trading, but remember the "process." You will not get what you want if you do not undergo the process of becoming a successful or, let's say, profitable bitcoin trader.

It is unlikely that people will trade Bitcoin because trading is a short-term buying and selling activity. It's not that there aren't any, but very few are ready to do it because of the big risks involved.
The average person chooses to invest in Bitcoin because investment is a long-term buying and holding activity to get bigger profits.

Napoleon Hill was right that desire will be the beginning for someone to achieve success.
We ask again how they trade amidst very fluctuating market price conditions.
It takes strategy and time in trading so people are rarely successful with trading, but with Bitcoin investment, many are successful even though they don't say it.
For me, it is not the success but the process carried out by them that is more valuable.

Everyone wants to succeed in bitcoin trading, but not everyone is dedicated to succeeding, because most of them do not really know or study with all their hearts the things that should be known in crypto trading in this field industry as well.

It also means that only a few succeed here. And these successful people have extensive knowledge of trading here in the crypto space; it is impossible to be ignorant. We need to have character like self-discipline and know how to limit their capital in the cryptocurrency they want to invest in.

In short, trading is not for everyone. Especially for those people who only want easy money and people who don't want to learn.
People must think that all successful traders right now have experiences, some are worst and some are good before all of they reached what they have right now.

Everyone has the opportunity to become a successful trader, but not everyone can become a successful trader. Because to be a successful trader not only requires desire to win, persistence and consistency, but more than that to become a successful trader sometimes requires luck, ingenuity and betting which not everyone can do.

Every person who trades will of course expect a profit from the trade they make, but they cannot avoid losses in trading if they make a mistake in deciding something in trading, so it is important for those who trade to know whether they are buying a type of coin that has the potential to make a profit and also buy it at a price that may increase after they make the purchase, because if we don't understand market conditions well, of course we will make the wrong time to buy it. When we have experienced several failures in the trades we make, of course we can learn from them and not repeat them in future trades.

Inasmuch as trading is concerned, making profits shouldn't be used as a criteria because in the quest to make profits sometimes we also incur losses not that we didn't apply the right ideas on how we can make profits but rather there are sometimes when the market changes and you might be unlucky that after you've bought an asset with the optimism that the price is gonna rise but at the end it doesn't rise instead it drops below the amount with which you bought it with so at that time you find out that you've incurred some losses so in trading you should have it at the back of your mind that losses might be encountered so that it will make you to have an alternative should such circumstances occur.

Trading is using cold money, unused money, not debt money.
if that happens trading is not calm and always thinking is not too focused, even though trading crypto currency that is the main depth of capital is calm when it goes down because it is just waiting for the time to go up.
because every 4 years there is a moment of halving with halving the momentum of the bitcoin price going up will be very high, because the demand to buy is very high and think the same as the halving will go up.
so the function of cold money is so that you can hold long term when the price drops, and a lot of capital can be used for the DCA strategy.