Topic: Don't trade what you can't risk loosing - page 13. (Read 1758 times)
Most people get rekt because they lack the proper knowledge and fundamentals to start trading cryptocurrencies they skip all the stuff like TA, indicators and proper entry and stop loss. They just underestimate it, thinking it's easy to learn and they could make quick money in no time.
If for beginners, then everything is clear, only it is unlikely that a large number of beginners will have an amount for trading in the amount of 10 BTC.
It's just an example tho, there is no way you would invest on 10 BTC if you need the money. It doesn't matter about the number as long as you are going to hold it, that's a conclusion that I got by reading the OP's post.I'm pretty sure the OP is just giving an example to describe what the title is, so why people are getting butthurt right now lol
It's just so stupid to trade right away without learning here in crypto, I mean experience is very important, 10 btc is a huge of money now and more so in the future. We should know the risk, that's the first thing, some traders only know the reward and just later after they made the mistake they realize the risk. There are dumb traders out their and one of that is the example you put in the OP.
That’s very much common and something we need to take lessons from. If we want to be successful then we must cut down our risk since that is simply the only way we are moving anywhere to reach towards success.
The example given is a LOL for me.
How come a person owning a BTC10 doesn't have the knowledge to manage properly their holdings and just rely on those influencers to trade. OP, do you mean that guy just dive into something just because of simple words of that influencer? The fact that guy owned that kind of amount, I don't believe that action will be done without proper and deep research. So I think that guy on the example lost his BTC10 on his own.
I know everybody wrecked on trading even how professional they are but a trader that already owned that kind of amount should already know how to play with the market and not relying on fake influencers.
How come a person owning a BTC10 doesn't have the knowledge to manage properly their holdings and just rely on those influencers to trade. OP, do you mean that guy just dive into something just because of simple words of that influencer? The fact that guy owned that kind of amount, I don't believe that action will be done without proper and deep research. So I think that guy on the example lost his BTC10 on his own.
I know everybody wrecked on trading even how professional they are but a trader that already owned that kind of amount should already know how to play with the market and not relying on fake influencers.
He relied on the influencers tweets, how to trade, what to trade and when to trade. According to the victim, he said it is all his savings, and the wife is also aware. He cannot look the wife in the face. Like I said, he was nervous and wanted quick Money, and got mislead, from what the influencer had told him. My purpose for the thread, is, the influencer felt for him, but I mean, he shouldn't be responsible for the mistake of that dude. It's not the Influencers fault.
You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.
Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.
We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
so whats the purpose of this thread?you did not even share the tweet about that person you are mentioning but continues to discuss ?Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.
We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
and who is stupid to expect 1000x profit?
sorry but people here now is not like what you think and looking for that high Income is a suicide lol.
I am shocked to read about "He traded 10 btc and lost all."
How can he risk all of 10 btc? Did he is not learning anything about crypto trading? Geez, 10 btc is a lot of money for me, and if I were that guy, I wouldn't use all of the bitcoin. I will use 1-2 bitcoin only, and that will be enough for me. Even if I lose, with that 1-2 bitcoin, I am sure that I can make a profit and recover the lost.
But yes, we are responsible for our money, and we don't need to risk all of the money because of big profit. That is a fatal mistake that he made it, and that is a lesson for us to avoid the same thing.
to lose it all is not true. It will never happen in trading that you can lost all your money invested even how shit the coins you have invested there are still amount to be left.How can he risk all of 10 btc? Did he is not learning anything about crypto trading? Geez, 10 btc is a lot of money for me, and if I were that guy, I wouldn't use all of the bitcoin. I will use 1-2 bitcoin only, and that will be enough for me. Even if I lose, with that 1-2 bitcoin, I am sure that I can make a profit and recover the lost.
But yes, we are responsible for our money, and we don't need to risk all of the money because of big profit. That is a fatal mistake that he made it, and that is a lesson for us to avoid the same thing.
Only this thinking is enough to lose the capital. Mainly newbie in crypto belive that crypto means a quick profit or would become reach in overnight. This is totally wrong thinking of newbie. Actually all we thought like this when we were newbies. I thought also like this.
When we will change our thinking about crypto as a gamble than we will succeed in the crypto investment and The popularity of crypto will increase more. Even all countries will think of crypto as positive.
You can lost even you have experience in trading it is possible to happen for all not only newbie.
Having 10 btc capital is not noobs move.
I am shocked to read about "He traded 10 btc and lost all."
How can he risk all of 10 btc? Did he is not learning anything about crypto trading? Geez, 10 btc is a lot of money for me, and if I were that guy, I wouldn't use all of the bitcoin. I will use 1-2 bitcoin only, and that will be enough for me. Even if I lose, with that 1-2 bitcoin, I am sure that I can make a profit and recover the lost.
But yes, we are responsible for our money, and we don't need to risk all of the money because of big profit. That is a fatal mistake that he made it, and that is a lesson for us to avoid the same thing.
How can he risk all of 10 btc? Did he is not learning anything about crypto trading? Geez, 10 btc is a lot of money for me, and if I were that guy, I wouldn't use all of the bitcoin. I will use 1-2 bitcoin only, and that will be enough for me. Even if I lose, with that 1-2 bitcoin, I am sure that I can make a profit and recover the lost.
But yes, we are responsible for our money, and we don't need to risk all of the money because of big profit. That is a fatal mistake that he made it, and that is a lesson for us to avoid the same thing.
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People come to the crypto market for a quick profit.
Only this thinking is enough to lose the capital. Mainly newbie in crypto belive that crypto means a quick profit or would become reach in overnight. This is totally wrong thinking of newbie. Actually all we thought like this when we were newbies. I thought also like this. When we will change our thinking about crypto as a gamble than we will succeed in the crypto investment and The popularity of crypto will increase more. Even all countries will think of crypto as positive.
Of course people should have to understand first how trading is risky especially if they don't have a single knowledge about it. It's just like walking in the dark without a single light. Anyone who wants to try trading should have a better understanding about the theory of what they are going to trade either stocks or cryptocurrency. It may not that easy but those who succeeded did their own research and learn their own lessons before they reach where they are right now.
Trading blindly without knowledge is like gambling, so why trade without knowledge while you can gamble with a same amount of risk? If you are in trading maximize the knowledge considering that the knowledge is your leverage there because, the more you know the more the risk is going to get low. Trade what you can risk only if you are just new to it, but afterwards you will enjoy it considering that the longer the experience you are having the more the knowledge you are acquiring.
The example given is a LOL for me.
How come a person owning a BTC10 doesn't have the knowledge to manage properly their holdings and just rely on those influencers to trade. OP, do you mean that guy just dive into something just because of simple words of that influencer? The fact that guy owned that kind of amount, I don't believe that action will be done without proper and deep research. So I think that guy on the example lost his BTC10 on his own.
I know everybody wrecked on trading even how professional they are but a trader that already owned that kind of amount should already know how to play with the market and not relying on fake influencers.
How come a person owning a BTC10 doesn't have the knowledge to manage properly their holdings and just rely on those influencers to trade. OP, do you mean that guy just dive into something just because of simple words of that influencer? The fact that guy owned that kind of amount, I don't believe that action will be done without proper and deep research. So I think that guy on the example lost his BTC10 on his own.
I know everybody wrecked on trading even how professional they are but a trader that already owned that kind of amount should already know how to play with the market and not relying on fake influencers.
I don’t understand, are you giving advice to beginners and experienced traders?
If for beginners, then everything is clear, only it is unlikely that a large number of beginners will have an amount for trading in the amount of 10 BTC.
While experienced traders with such an amount, as you noticed, will perfectly understand what they are doing.
If for beginners, then everything is clear, only it is unlikely that a large number of beginners will have an amount for trading in the amount of 10 BTC.
While experienced traders with such an amount, as you noticed, will perfectly understand what they are doing.
Yes investment should flow with the expectation of profit. Therefore small investment is less risky and lower in profit likewise, the big investment is coming with high profit and with its own large risk too.
The difference of a certain person who do have lots of btc and to those who do have only have few is that they do really differ in terms of views into things.Lots of btc will really make us some sort of being careless since we do know that we do have lots of money/btc but for those who only have few btc or just some sort of exact funds to invest on will really be more careful.This isnt always the case because
even on average investors do still commit mistakes on first time on engaging to thing specially if they do saw easy money or other traders big profits on trading and easily believed that they can make
out the same outcome if they do try to trade on their own but we do all know that this isnt the case.
even on average investors do still commit mistakes on first time on engaging to thing specially if they do saw easy money or other traders big profits on trading and easily believed that they can make
out the same outcome if they do try to trade on their own but we do all know that this isnt the case.
Of course people should have to understand first how trading is risky especially if they don't have a single knowledge about it. It's just like walking in the dark without a single light. Anyone who wants to try trading should have a better understanding about the theory of what they are going to trade either stocks or cryptocurrency. It may not that easy but those who succeeded did their own research and learn their own lessons before they reach where they are right now.
During the downtrend of the cryptocurrency I went ahead to trade some altcoins on livecoin and I almost lost all my investment (trade) on the platform. XLM was my chosen altcoins but was stock with the market, my first trade went through and was able to make some decent gains, until my second trade. This time I wen for higher gains and lost half of my trade money and I went for another till my issue get complicated with fake volumes from the said cryptocurrency exchange. Lesson I learnt, 'trade what you can risk to loose as in gambling, so also, in trade.'
People come to the crypto market for a quick profit. But it does take them a while to realize that they are wrong. As long as they do not lose their funds, they do not understand. You need must have knowledge of trading before trading. And you have to need an idea of how much risk there is in the market. You should not trade under the influence of anyone.
Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.
But isn't that too obvious to post tho? I mean every one has got their thing to lose, and that includes every thing they have got. It's pretty obvious tho that you can't put a risk on something you can't afford to lose, although sometimes there are instances but that's out of trading anymore.Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.
I agree, I have done it once I almost tripled my money in just a day because of a single trade 
but the risk is too high for that I'll never do it again I swear. Crypto is for every one but trading? Uh oh no it's not.
I don’t understand, are you giving advice to beginners and experienced traders?
If for beginners, then everything is clear, only it is unlikely that a large number of beginners will have an amount for trading in the amount of 10 BTC.
While experienced traders with such an amount, as you noticed, will perfectly understand what they are doing.
If for beginners, then everything is clear, only it is unlikely that a large number of beginners will have an amount for trading in the amount of 10 BTC.
While experienced traders with such an amount, as you noticed, will perfectly understand what they are doing.
Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.
Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.
Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.
You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.
Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.
We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.
We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
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