Big gains come with big losses - page 28.

Catmony

hero member

Activity: 854

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Quote from: Sinecoin on March 27, 2018, 10:49:20 PM

This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

Yes crypto investment is just like gambling for newbies, many people believe in holding but holding only works if you will miss chance to sell your coins at peak price and market is in dump.

We have to be careful during sharp market moves...

Baoo

full member

Activity: 868

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Absolutely yes, and I see many people always complaining and in all situations ( especially, when there is a big crisis ) on the market. As well, despite all those people there are some who have confidence in Bitcoin and they are sure that it will rise again.

In my opinion, for the market and it is true that after big losses there will be big a gains. but for the traders there is a difference, which is the big gains come with big risks. So to those who want to win a lot of money in a long term, must use this opportunity wisely and must take the risk. I am pretty sure that it is the key to profit.

haroldtee

sr. member

Activity: 644

Merit: 299

Quote from: cheezcarls on March 28, 2018, 03:43:54 AM

In life, there are risks. If we don’t take risks, how could we know if we fail or succeed? Our lives would remain a stalemate, like nothing has ever changed to uplift it. Like businesses, it takes a lot of failures before seeing great results in the long run. In this bloodbath event, we have no choice but to hang on and look for other options that could sustain ourselves until the price skyrockets again. We don’t know when it will moon, but cryptocurrency is the future and it will recover later on.

Nicely said! However, is it not when you understand what you are investing before you understand the risk you are taking? The problem here is that people keep getting the wrong picture with the normal human mentality that is generally centered on greed. Ask most people here today, and you will find out they are looking for the quick way out to make money and if you ask them anything about blockchain technology or what they even know about cryptocurrency, they have no slightest idea.

Taking risk is good, but taking one blindly and carelessly is what has led so many people into a lot of financial problem they are facing today. It is always very good that we add some level of wisdom to whatever risk we are taking, and if most people have been doing this, we would not be seeing the level of panic that results to huge dump in the market which the whales are so fond of taking advantage of.

Theb

hero member

Activity: 1680

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You'll only experience losses when you don't have any trading plan or you become greedy with what you have. Technically you won't succumb to being trap with your assets if you know when to hold or offload them. What you have said is true that it will not go up forever and this drops are inevitable as the cryptocurrency market also experience a price increase in a short time, this also means that the price increase is also manipulated and any time people can sell their positions creating the correction and also the panic selling.

magicmeyk

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Activity: 252

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Quote from: Sinecoin on March 27, 2018, 10:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

I agree, many of us are suffering on losses and some are holding because they are in big loss if they sell it now. I hope this will be a lesson for us that pumping the price in short period of time will cause as deficiency in our capital.

TorbiK

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Activity: 448

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Diagon

So it was always, the more the risk, the more money from market you can earn. Cryptocurrencies have always been accompanied by huge risks and huge profits.

nskendrovic

full member

Activity: 285

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Yes, currently the market is going through a correction and it is good and healthy for the markets, as just going upwards in price is not possible always. The harder a market pumps the harder it is going to drop. Crypto is a highly volatile market and with higher returns come higher risks.

Borisb52

full member

Activity: 462

Merit: 101

Big profits always carry great risks. If even go to risk, then do it in a balanced manner. Although in my opinion it is better to have a smaller profit but steadily and with minimal risk. If you are trying to earn a large sum immediately, then be ready to lose the same large sum.

chocolaty

member

Activity: 294

Merit: 14

From this, we can reflect that cryptocurrencies are highly volatile and are naturally unstable. The price can elevate just that quick and it can dump that quick as well. Cryptocurrency investments are risky and that is a fact that future investors should know. Loss is inevitable because that is how you learn your own strategies and techniques - that is how you grow as an investor/trader. Just be sure that you don't commit the same mistakes because in this kind of world, you can't afford losing more money.

cheezcarls

hero member

Activity: 2254

Merit: 658

Looking for gigs

In life, there are risks. If we don’t take risks, how could we know if we fail or succeed? Our lives would remain a stalemate, like nothing has ever changed to uplift it. Like businesses, it takes a lot of failures before seeing great results in the long run. In this bloodbath event, we have no choice but to hang on and look for other options that could sustain ourselves until the price skyrockets again. We don’t know when it will moon, but cryptocurrency is the future and it will recover later on.

MMS2017

full member

Activity: 546

Merit: 100

It is not 100% true that for good gains you must have to bear losses first because if you lose first then it's means that you are getting experience from losses and it is not an effective management and in the present time there are so many sources through which you can get knowledge and then you have to make a long term strategy for this and wait for every thing.

Fazlurkhan.kz

full member

Activity: 266

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That is what traders should keep in mind as they are the ones who solely plan for making extra money or their complete income out of trading without looking at the aspects of the project or its future. For preventing loss of any kind they should try fixing a goal of any coin the wish to trade in and sell that coin when their desired goal is achieved. While the people in the community who are here to actually support projects and wish to only HODL cryptocurrencies for long periods and expect little profits from it don't really get affected if the price fluctuates drastically.

nicolas1979

sr. member

Activity: 826

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Quote from: Sinecoin on March 27, 2018, 10:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

That's just faith and nothing wrong with that, many people still believe crypto market will rise again. About triples in price on relatively short period of time it just data, after triple what happen? no body knows and I believe there's no connection between triple prices and down trend. Price show how much value and will always change depend buyer and seller ( detail ), but trend is about trust and in this situation crypto player will hold their asset for long term period. Price and trend is different meaning.

Fredomago

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: semobo on March 28, 2018, 01:06:02 AM

Most people are always scared to risk but they only want the profits so it is not possible if someone don't want to take risks.If tge people who are strong enough to make bild decision at the hard times can make more money.So people need to realize that and start investing on the cryotocurrencies.

If they can manage t understand and take that risk, then they will see the outcome, just need some time to research and study, analyze if they can
manage to take the risk, if so, then being ready to any circumstances will lessen the fear of losing money, timing is the key in order to avoid loses and
just begin to appreciate your earnings, better to start knowing the chain and study the system much deeper.

semobo

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Activity: 1498

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Most people are always scared to risk but they only want the profits so it is not possible if someone don't want to take risks.If tge people who are strong enough to make bild decision at the hard times can make more money.So people need to realize that and start investing on the cryotocurrencies.

SM23031997

hero member

Activity: 1092

Merit: 582

Quote from: Sinecoin on March 27, 2018, 10:49:20 PM

To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

Yup, lesson learnt. People need to start thinking about the risk crypto possess.
Still, I believe cryptocurrency has good future and it could be the mainstream and unique currency of the world.

boboking

member

Activity: 224

Merit: 19

Quote from: richminded on March 28, 2018, 12:42:28 AM

The market will not go up continuously, we need some correction in order for us to reach the top.
Its just like our life, so many problem but in the end we know its normal and we have to live for it.
Don't expect big money without encountering problem while you are working for it, just be more patience and your goal will come true.

Exactly people who just want to ride the hype are also the first one who panics and sells when the prices goes down.

Also if they knew how to invest/trade most of the time if the price went parabolic you can expect a major correction which is not only happening to the crypto currency market but on all the market.

richminded

sr. member

Activity: 798

Merit: 268

The market will not go up continuously, we need some correction in order for us to reach the top.
Its just like our life, so many problem but in the end we know its normal and we have to live for it.
Don't expect big money without encountering problem while you are working for it, just be more patience and your goal will come true.

minthit

member

Activity: 327

Merit: 11

The problem is I have not seen much news about businesses accepting bitcoin like before. All people talking about is the price of it. I still can't accept that people are using bitcoin for just gaining short term profit but the reality is like that most of the time. We can say that the power is given back to people and people are failing to cope with that power. With certain degree of certainty, price will increase with more and more adoption. But, I don't believe hodling is the best thing we can contribute.

myworkstrade

member

Activity: 238

Merit: 10

not necessary but if you loss much then its time to purge yourself you need to learn a lot from mistakes or any troubles when you trade. Be wise and face the reality, yes greediness is the number one problem or illness most of all traders.You need to overcome factors affecting you from trading like the emotions, you don't want to extract emotions while trading, don't be to excited when you hit your target profit in your trades. Just be calm and patience is the best way to focus on trading the market. Don't focus on the profits focus on the learnings or knowledge that the very important when trading, gaining knowledge when trading. Good luck. happy trading to you.

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