Bitcoin/Altcoins trading - page 4. | Bitcointalksearch.org

beerlover

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Quote from: jerry0 on September 27, 2017, 02:41:47 AM

To those of you that just hold coins, does it bother you a lot if price goes down if you have no plans to sell soon?

Probably since I have been in the game for a while, I do not see this as a problem. It is a market, it is normal and it is prone to FUDs, but instead, I see it as a time to even make some profit than panicking.

Over time, you will get more confident in making such decisions knowing what the whole blockchain technology really is and why the community will thrive with effort to make it work. Moreover, not all coins can fit into this category I mentioned above and I don't even bother holding them unless I get them free though. Grin

rickadone

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Quote from: TheCoinFinder on September 27, 2017, 02:27:24 AM

Bitcoin examines the people emotionally who put their endeared currency into market.
A trader feels terrible when the market status goes against you but a happiness occures when your investment rises up.
In both situations,a trader needs to be patient with these ups and downs because volatility is the main aspect of cruptocurrency.

Yes. Patience is a great attribute for anyone to have in this part of the technology community. The huge volatility most times always end up making people scared most especially at dips, but with patience, a period will come when you will know that no matter the huge dip, it cannot get below what you have bought in the past.

Gradually with patience, the confidence starts building until you realise you are now the one prep talking newbies.

Nameless27

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Quote from: jerry0 on September 27, 2017, 02:41:47 AM

To those of you that just hold coins, does it bother you a lot if price goes down if you have no plans to sell soon?

I’ll be hypocrite if I said no, so Yes, it bothers me about 10% of my emotion I’ve be upset and little worried for sometimes and 90% trust on bitcoin and thinking optimistically. So in the end nothing change and eventually decided to hold till the end. I’m not really much more than 6000$ eventhough it’s possible and it has more potential to go beyond 10000$ per bitcoin. I don’t think I can handle that much if things dramatically happen again. My tolerance to pressure may not as good as others does and I’m guilty of that.

xuan87

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That is exactly how I was when I started to trade, too much worried whether the price is going to go up or down, the worst trade was when I got profit from 3 days trade and it is gone within hours, crypto currencies is a very good asset to trade but the volatility is very high, so it need extra caution to make a trade

Colt22

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Quote from: filharvey on September 27, 2017, 03:05:30 AM

The same thing i too experienced when i was a newbie.I got very much excited on seeing the rates of some altcoins going very high.When i wake up in the morning,i would see some altcoins price going very high and would get disappointed for missing the chance.Since altcoin market is highly volatile,we should follow the market continuously to make profits.So,i have lost my sleep many days to sell my altcoins at ATH.But my advice is to set our own profit margin of 5% or 10% and sell our coins once we reach our target.We could re invest it.

Setting your target margin in trading is one of the best strategy to make your profits regular and healthy. If you become greedy and you are waiting for the high prices and ultimately you get nothing but a strong downfall then you would be regretting that moment of bad decision.
Set your target and whenever you just get that margin, sell.

Emaxxx

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Quote from: dinda22 on September 27, 2017, 01:44:49 AM

I remember when I first put a lot of bitcoin on 1 coin, and the price goes down, that's when I could not sleep aka insomnia just to wait for price movements.
and as bad as I eventually lose out, after I lose, a few weeks later the price increases again is quite high. from that I get the experience, that trade requires extra patience.

You're lucky u don't sell out wen it fell

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Emaxxx on September 25, 2017, 04:59:47 PM

Help....I can't sleep ever since I start trading crypto-Currencies.. INSOMNIA.
Let's share our best moments and worse moment since we embark on Bitcoin voyage.

That happens a lot when you are new and most especially when you have started hitting good trades knowing that the few times you are sleeping, you can be using it to make some cash. You just have to find time to sleep and set a time limit for yourself to trade. See it as a normal work and remove your mind from it once you are done for that day.

If it makes you happy, you can auto set some trades for the night but what is the point? At least leave some of the cash for another different time zone. Grin

If you don't sleep, who will help you to spend the cash? Moreover, you need to be in sound mind for the next day trade you know!

Covesting

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Bringing copy-trading to the cryptocurrency market

Quote from: Emaxxx on September 25, 2017, 04:59:47 PM

Help....I can't sleep ever since I start trading crypto-Currencies.. INSOMNIA.
Let's share our best moments and worse moment since we embark on Bitcoin voyage.

Would you be interested in following best crypto currency traders and professional digital asset managers in order to benefit from best trading decisions? you could check their performance beforehand, read strategy description and reviews. After, you could decide whom to follow with automated trading activity replication.
Hows' that sound?

filharvey

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The same thing i too experienced when i was a newbie.I got very much excited on seeing the rates of some altcoins going very high.When i wake up in the morning,i would see some altcoins price going very high and would get disappointed for missing the chance.Since altcoin market is highly volatile,we should follow the market continuously to make profits.So,i have lost my sleep many days to sell my altcoins at ATH.But my advice is to set our own profit margin of 5% or 10% and sell our coins once we reach our target.We could re invest it.

jerry0

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To those of you that just hold coins, does it bother you a lot if price goes down if you have no plans to sell soon?

TheCoinFinder

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Bitcoin examines the people emotionally who put their endeared currency into market.
A trader feels terrible when the market status goes against you but a happiness occures when your investment rises up.
In both situations,a trader needs to be patient with these ups and downs because volatility is the main aspect of cruptocurrency.

dinda22

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Activity: 1232

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I remember when I first put a lot of bitcoin on 1 coin, and the price goes down, that's when I could not sleep aka insomnia just to wait for price movements.
and as bad as I eventually lose out, after I lose, a few weeks later the price increases again is quite high. from that I get the experience, that trade requires extra patience.

arwin100

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Jack of all trades 💯

Quote from: creeps on September 27, 2017, 12:27:44 AM

Quote from: Emaxxx on September 25, 2017, 04:59:47 PM

Help....I can't sleep ever since I start trading crypto-Currencies.. INSOMNIA.
Let's share our best moments and worse moment since we embark on Bitcoin voyage.

I felt the same thing when i was just started trading with altcoins, of course as a newbie you really have to watch the coin you are trading for, the best moments I've experience is when i first earn coins and worse moments is when you are loosing money now. Well its part of a game, we have to loose for us to learn.

Some newbies have a good expectations that they can earn easily on tradings thats why we see majority of them lose instantly on their trades, But if they will pursue there career in tradings they will see the bright side of the tradings. That's why the best thing to do based on experience for newbies is not to expect more on the coin where trading at and don't be greedy to earn 100% and 200% on a single trade.

creeps

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Quote from: Emaxxx on September 25, 2017, 04:59:47 PM

Help....I can't sleep ever since I start trading crypto-Currencies.. INSOMNIA.
Let's share our best moments and worse moment since we embark on Bitcoin voyage.

I felt the same thing when i was just started trading with altcoins, of course as a newbie you really have to watch the coin you are trading for, the best moments I've experience is when i first earn coins and worse moments is when you are loosing money now. Well its part of a game, we have to loose for us to learn.

Kemarit

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Yup, same here I didn't sleep well before because I constantly monitor the price movement and see how will I make a good profit. But its all behind us, because I don't do day trading anymore and its been months now since my last trade. You feel excited and nervous in the beginning of your career and trying to make the decision to sell or just hold for a minutes minutes before making that order. I think most of us here undergone this same experience initially. However, as much as I love it, I have to prioritized things so giving up trading is not that easy for me. I have my offline business to maintain so I just stick with my signature campaign for bitcoin earnings.

umbara ardian

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Tontogether | Save Smart & Win Big

agree. since getting to know bitcoin and krypto is difficult to sleep even days of zest for doing things and getting krypto trade results is very promising just to pay attention to the price at any time not even sleep. but must be smart to maintain health because health is important.

The Sceptical Chymist

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Top Crypto Casino

Quote from: giveen on September 26, 2017, 04:32:01 AM

I have so many good and bad moments let's start with bad ones:
1. I was holding 10 eth at $10 for more than 7 months the price never increased and i was seeing btc price reaching new heights i didn't want to miss that so i sold my eth and bought btc after 2 weeks eth became $400.
2. This might be quite obvious i used to love doge before all the collapsing had occured i also had stop loss set only for that day i was getting late for work so i didn't set stop loss i returned doge was 90 sat luckily i sold at that time.
The good ones :
1. I had bought xmr at $30 and sold at $50 and literally forgot about the coin. After few weeks i noticed price is $40 i bought 10 xmr and finally sold them all at $150 I'm waiting for the price to drop more so i can rebuy it.
2. During dash , eth all were getting pumped i suddenly thought of ltc the price of $10 i bought 20 at $10 and sold at $70 because i didn't want to get greedy.

Lol, that sounds like the beginning of the movie Office Space, where the dude is driving to work and keeps trying to change into the lane that's moving the fastest. If you've seen the movie, you know what I mean.

I've traded altcoins a little bit, and I can relate to the excitement and somewhat with the insomnia. The market is way too unpredictable for me, and there are way too many coins out there for me to actually try to trade and hold on to my sanity. I don't know how you full-time traders do it.

I like that Warren Buffet quote above. I never heard that one before, but it makes a lot of sense. He's a value investor though. There's no way in hell you can analyze a shitcoin the way you would do a stock. Not even close.

Emaxxx

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Quote from: DaMut on September 26, 2017, 02:48:51 AM

piece of advice from someone who had experienced something like you before and even worst than that,
whenever i did the trade and gonna sleep i always had a nightmare and more or less i slept for 3 hours/day,
sometimes i got sick because of this but i can not move on because i need a money and need to guard my assets.
everything can be happen that way because you do not have a solid strategy,financial back up and emotionally doing the trade.
that is the reason why you can not sleep and had an insomnia.
if you can not find a solution for that 3 problem,you should better stop trading my friend.
i lost a lot because of it,and i learned from my mistake and improve myself.
we had an insomnia because we're afraid we will lose our money which is i believe it's your saving right ?
because last time i did it,it was my live saving.

do not play everything that you can not afford to lose,
keep it in your mind and feel it,if you can feel it i believe you can move on and sleep well

Happy me,have I have almost 300%Rio now...which I have withdraw and kept save...I can now play with the fire..am not going for a degree in trading

Emaxxx

member

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Quote from: giveen on September 26, 2017, 04:32:01 AM

I have so many good and bad moments let's start with bad ones:
1. I was holding 10 eth at $10 for more than 7 months the price never increased and i was seeing btc price reaching new heights i didn't want to miss that so i sold my eth and bought btc after 2 weeks eth became $400.
2. This might be quite obvious i used to love doge before all the collapsing had occured i also had stop loss set only for that day i was getting late for work so i didn't set stop loss i returned doge was 90 sat luckily i sold at that time.
The good ones :
1. I had bought xmr at $30 and sold at $50 and literally forgot about the coin. After few weeks i noticed price is $40 i bought 10 xmr and finally sold them all at $150 I'm waiting for the price to drop more so i can rebuy it.
2. During dash , eth all were getting pumped i suddenly thought of ltc the price of $10 i bought 20 at $10 and sold at $70 because i didn't want to get greedy.

Lol...I bought since I got burnt the first time,I put my head more into the game,but this time I research more to gather knowledge

frowsiter

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Quote from: Emaxxx on September 25, 2017, 04:59:47 PM

Help....I can't sleep ever since I start trading crypto-Currencies.. INSOMNIA.

Let's share our best moments and worse moment since we embark on Bitcoin voyage.

Yeah very common problem now a days and I believe all the crypto people are like this only including me! I used to sleep like around the clock and now since I started the journey of bitcoin I'm having sleepless nights! It's just I don't get time in day as becaus of real job and then I have to work in the nights to complete my targets of different campaigns, whether it's signature or twitter or Facebook, even sometimes I will be reading about news and new happening around the forum or different websites. I'm very addicted to follow the news on social now and before this I use to be lazy to read anything. Lols.

Bitcoin trading on the other hand is still making more insomniac than anything else. Come home and look after those signals, checkout what the alts are doing and sometimes it's frustrating when I find my coins are dumped little bit. Then there is no sleep for that night, lols. It's true that you brought this up. ;-)

Topic: Bitcoin/Altcoins trading - page 4. (Read 2275 times)