Topic: Do you believe that trading is just a waste of time and money? (Read 138 times)

This is depend on your skill and strategy during trading, mostly trader loss their money cause does not have management of risk and money. In fact more than 50% trader lose because greedy and does not have management of risk. But we have still chance in trading to make money, if can to manage that all include manage your emotion.

I do not agree with your opinion that trading business will only waste of time, energy and money. If you do not prepare as well, the result should be like that. Trading is not easy and simple, need sufficient knowledge and also preparation. This is a glance overview for trading as reference : https://bitcointalksearch.org/topic/just-a-little-guide-for-new-crypto-traders-2960563.

Nah, not really if you know what youre doing and how you control your emotional stress. Basing on the present market trading today yes its weak but if youre a good trader you can still manage to pull a decent profit out of it. Maybe what you want is a quick money, then you must has have a huge capital in hand for you to be able to gain huge profit as well. Patience is the key bro. I may not be good in trading, but my bestfriend is a good trader and he aint wasting anything, he's earning most of the time instead

Then if you feel its a waste of time and money what pushes you to trade now? Bitcoin and altcoins are not always rising you need to understand the market and if you have a skills you can even trade in this time even though the market is red or having a minimal movements.

Maybe you are just investing in the wrong one or in a wrong way?

During bear markets like this there are still plenty of trading opportunities but you have to shorten your expectations and percentages before going into profit.. you can also short bitcoin/eth or whatever else to make lots of money in bear markets.. just don't trade on margin.

My general philosophy is to just multiply bitcoin and ethereum and ignore USD value.. Bitcoin and ETH are out of position in a bear market so their value isn't important because I won't be selling in these trading conditions... so don't look at your USD value.. in fact just remove everything referencing it.  My strategy right now would be don't try to catch this falling dagger.. either have short positions and don't participate.. the volume on bitcoin is so low, that I think the bear channel will be back in play and could reach lows similar to last time... but definitely not the right time to be taking alt positions for position/day trading.  A safer bet is to wait til confirmed reversal and open up small alt trades to skim off of the recovery (you may miss a couple of % of the absolute bottom but its better than the bottom falling out on you)... but its just not worth staying in these positions for more than a few % points to get back fully in BTC in case it all breaks down again.  You'll never be out of position all in BTC because alts can't be in correct position unless BTC positions first.  I don't think fleeing to USDT is something you should do without lots of practice and trading experience... or at least with lots of bitcoin.. nibble small with all positions taken and turn the greed level down a bit.

In general I think trading is important because mindlessly hodling will put your coins out of position most of the time and more often than not you'll be losing or not gaining (which is the same as losing) especially if you're heavily in alt coins... however just because you are bored and thinking trading's wasting time don't become impatient and trade on margin.. you will get rekt.. you may win 7 times but that 8th when you get cocky will make you lose big.   Bear markets are your friend and are a necessity for bull markets later.. there's tons of money to be made in bear markets using quick skim/scalp trades but you need to be disciplined and not get stuck bag holding as the floor falls through below you. Its important at the end of the day to end up with more bitcoin/eth than you started with and if you don't feel comfortable with that, then do paper trades to see how you would have done at certain percentages to build confidence or merely don't trade at all and read books/learn about trading skills that will help you better in more ideal markets.. I feel at the end of the day 90% of the correct trade to make is obvious.. but people's fomo or fear will not allow them do it.  Work on managing those emotions and go out there and own the bear market like a pro

It depends on how you are trading and what you are trading, if you are trading just bitcoin I think yes it could possibly take a lot of time and energy for small rewards, if you are trading altcoins I think this is where you can really make some good gains but again it does take time but can be worth it if you are in the right coin at the right time.

It's always funny to see dumb money complain about the market, while smart money keeps its mouth shut and use every market situation in its advantage. I am an occasional trader myself, but even when I am not actively trading, I see enough opportunities for traders to benefit from the fluctuations and uncertainties of the current market. Honestly speaking, current market is somewhat repetitive, especially so over a relatively longer period of time, so if you don't even consider these to be viable profit making opportunities, you won't see any opportunities at all. It basically means that you thrive on the market during a bull run, and are lost when the bull run has been put to a stop. In other words, you're a get rich quick noob.

trading are profitable ways of earning why you can say waste of time and energy, working in trading how to much more is depends of the trader's strategies how to earn profits even if the bitcoin price unpredictable when it come up or down.
I am a trader's also I earn profits everyday from 10 percent and up, but yes trading have an a little risk sometimes I'm lose.

On the contrary, I feel trading is the best way to utilize your time and money if you are a Cryptocurrency enthusiast. Week and decreasing market is the best time look for new opportunities. Cryptocurrency market frequently move by 10-15% in any direction within a very short period of time. That is the reason why it is heaven for speculators. You just need two things to make profits from crypto market, one is patience and the second one is risk taking capability.

it's now worth too weak but it's still profitable if you know what are you doing, now is the right time to make a long-term investment, this requires patience but I'm sure it will work

The crypto market is so volatile, and not stable at all, it is different than forex and trading fiat currencies and physical assets. If you are going to panic everytime the prices go down you can't really success with crypto trading, and your best choice would be leaving this world. You have to be more patient and to deal with the price volatility.

Let's rephrase what you said, "Based on "PRESENT"". Can't believe you take the current market behaviour into general and as a whole.

If you can't take the stress I suggest you to take coffee somewhere and relax outside of crypto world. Trading is not meant for that kind of traits. Maybe comeback someday when you are fully ready and understand what trading really is.

No, I don't think so. But if you expect that you will become rich man over night if you do trading then it is waist of time.
Trading demands a great deal of skills and knowledge, dedicated time and analysis of market. It's demanding but it's still the best and the most profitable way to earn bitcoin if you know what are you doing.

You can still make money in the current market. Look for good opportunities to buy the dips and then sell back. Anytime that the market is moving a lot up or down is when the most profits can be made as the volatility is high.

Based on present market trading business is too weak.So I feel that this is only waste of time,energy and money.

Please feel free to describe your opinion.Thank you.