crypto is probably the cruelest business I was ever into!

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Quote from: tonmoycrypto on January 11, 2018, 04:26:16 PM

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

And one of the most rewarding too. The extreme risk is why I hardly recommend trading where I live. It is just not meant for most people. An impatient or intolerant person cannot survive the chaos of the World.

You could focus on stable currencies such as BTC, moneroe, Litecoin, Ethereum (not sure), Dash etc to avoid making too many loses, even as a day trader. Most coins are very unstable.

Goodluck.

maman09

sr. member

Activity: 560

Merit: 250

I think you are like a beginner. I think you should meet a lot of knowledge and experience. it is very important to determine what you will do, what else in the world of commerce. yes, you should try to multiply a lot of knowledge about trading and crypto

Hoangz176

newbie

Activity: 5

Merit: 0

we should look at many angles

R21

full member

Activity: 327

Merit: 101

Yes some crypto coins make me panic, some coins are running it's value soo much slowly! some are upgrade so nice, so i prefer to hold some of valuable coins by following crypto market for future profit.

pitiflin

hero member

Activity: 980

Merit: 507

Remember one thing, these mistakes are nothing but experiences for you, so that you don't repeat such a thing in the future. If these mistakes are going to stop you from trading forever, so be it. At least one panic seller will be away from the markets while others still remain. Not a wise decision you have made there. Also you sure you won't look at the graphs, ever again? What if the price drops? Roll Eyes

kueyen

member

Activity: 140

Merit: 10

You have to learn to not look at graphs the entire day, you will lose your mind. You should learn to do some research, invest in a coin, and just wait. As in other investment methods, you have to be patient in order to make some money.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

You have discovered why so many day traders kill themselves. Most people (other than the very lucky) fail miserable at trading. You would have a better chance of survival being a prostitute working in an HIV ward than being a day trader.

The Scorpion

full member

Activity: 280

Merit: 100

Quote from: tonmoycrypto on January 11, 2018, 04:26:16 PM

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

It is just part of the cycle, and you need to understand that there are always bearish trends on all the markets, not only on cryptos. The same happens on forex, on the stock's market, on everything that has price changes. It is how it works.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

What did you expect? Vast amounts of money, the internet, quasi anonymity, no trading laws, no laws about much at all. I'm surprised it doesn't start stripping the skin off your body the moment it crosses your mind.

Kittygalore

member

Activity: 868

Merit: 63

Well obviously you commited such a huge mistakes on it and received a big loss. My opinion on that is have a neutral emotion to avoid being depressed. Here's what im trying to say, when you gain on it dont be happy nor sad same with if you loss dont be sad nor happy, its just a matter of controlling your emotions who knows your loss today will be a lot gain tomorrow ? I'm not into trading but i see how you traders are ranting about it so i did research

gurunanakji777

full member

Activity: 2184

Merit: 100

SOL.BIOKRIPT.COM

It's cruel for those who trade with less knowledge. By the experience we learn how to trade. With little knowledge of market if we do trade we most of the time end up in loss. Always do trade with multiple confirmation and learn some chart analysis. For me crypto market is good so far.

Shamie1002

full member

Activity: 406

Merit: 102

It's not really Bitcoin's fault. It's having those characteristics to be useful and for us to enjoy it's capabilities.
Yes it is volatile but do not forget that users are mainly the factor causing it move aggressively. Businesses and investors just help us to calm down knowing that it will not go flat ZERO.
Back to the topic, well, trading is hard and I have tried it once. I had 15% profit from my small capital and never returned. I felt risk that everyone it talking about. And just decided to just put a small business.

With prices going pump and down, it is very furstrating. Lucky enough for those who are skilled at trading.
Don't give up man. Try to observe more. You will get it next time. And try not to put it all in.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: tonmoycrypto on January 11, 2018, 04:26:16 PM

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

That's what happens when you want become a trader and don't do a bit of research. You can't just get into trading blindly expecting to win some quick money without some proper skills and a bit of knowledge of the market and they cryptos you invested in, otherwise, all you're gonna do is gamble and wait for the best.

Also, it is normal to feel fear, excitement, frustration, anger, dissapoinment, etc, since the market will always test your emotions in some extreme cases, but with time you'll develop the ability to act consequently to the situation no matter the scenario (market crashing or sudden surge in the price).
So don't worry, it happens to everyone who wants to start their adventure as a crypto trader, you now have a bit of experience, so if you're feeling confident you should probably try it one more time, but remember to put the money that you can afford to lose.

drfugazi

member

Activity: 207

Merit: 10

Cruel??? I think you are just cruel to yourself. It is very simple:
1. Buy and set target profit (x10 - x50 -x100)
2. Hodl
3. Ignore hesitation
4. Hodl
5. Stop that urge (addict!)
6. HODL more
7. No panic, it is just a dip/correction/crash
8. Hodl like hibernation
9. Yes its x2
10. Hodl until target profit is reached
11. Sell, then start to forget en never look nack but enjoy your gains (losses don't exist in this game).

StarLawl

jr. member

Activity: 63

Merit: 5

Quote from: BeggarInCryptos on January 11, 2018, 05:36:12 PM

Haha, that's a funny statement - and you are partially right, but not completely. It is true that everything is so extreme in cryptos, and that can be cruel. But look at the ordinary maistream finance. That's not cruel, that's EVIL, which is much worse. I personally like the "cruel" world of cryptos

That is actually the best statement ever - except for major deliberate media hacks(twitter etc) to spread FUD and make inexperienced people loose their money, that is also evil. (And it is not good for market, just the few who win). People get scared from entering into crypto then - instead of learning by small mistakes they get trapped in an all consuming trap.

Think about all the work the lobbyists are doing to prevent the government from protecting the consumer from bad products by hiding lab results, clear evidence etc.

BeggarInCryptos

full member

Activity: 401

Merit: 104

Haha, that's a funny statement - and you are partially right, but not completely. It is true that everything is so extreme in cryptos, and that can be cruel. But look at the ordinary maistream finance. That's not cruel, that's EVIL, which is much worse. I personally like the "cruel" world of cryptos

Glorious04

full member

Activity: 392

Merit: 113

If you make it a business or i mean seriously you will really be depressed most of the time and disappointed. There are other ways to earn from your bitcoin.. if your are tired of trading, try holding it for long, maybe it will make your smile again as you see the graph rising.

Theyasirahmad

newbie

Activity: 39

Merit: 0

if you r gambling than yes where as if you are doing with proper research than it is one of the best business

gundala

full member

Activity: 896

Merit: 108

Calm down. You just need a lot of experience to manage your emotions and make decisions in trading. Not one coin, but our ability to analyze the market and take advantage of every moment that needs to be improved. Moreover, the rise and fall of the price of cryptocurrency is a natural thing.

Chris314

sr. member

Activity: 672

Merit: 266

Yes it's hard to trade cryptos in short term because they highly fluctuate. Better invest in the long term on coins you believe have some potential to grow.

Topic: crypto is probably the cruelest business I was ever into! (Read 161 times)