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Topic: Everyone loses money when the market is down right? - page 26. (Read 22196 times)

legendary
Activity: 3122
Merit: 1398
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So with how much bitcoin and all the altcoins are down, is it even possible for any trader to make any money?  Example let say this.  You buy btc at a very low price due to these dips.  Now you could either keep btc or buy altcoins with it.  Now the market goes down every single day.

If the purpose is to hold for long then the important thing is accumulation. So yes if the price went down more, a.)hodl or b) continue to add more if you can still afford to risks some.

Anyways, with how much all the coins are dropping, is it even possible for any trader to make money on days or weeks like this?  Im thinking its only possible if they make sure they sell it at the right hour and minute etc in order to profit.  But of course if they are down almost all day, how is it even possible for anyone to make any money?  Sure when the market goes back up in a while, and the price gets higher than they bought it at and now they sell, the profit.  However, the same ppl who hold the coins will profit as well.

Patience. You don't need to target profits everyday or every week even for a short term trader. It will just stressed you if you will force to make profits out of the bearish trend if you can't able to properly handled it.

Anyone here have thoughts or opinions on this?  I got excited about cryptocurrency and trading and wanted to do it.  But now when i look at it, its basically look at the market.  There doesn't seem to be any skill in it.  Can anyone here correct me with any of my statements especially if i made any especially in sportsbetting?  Thanks.

Don't want to take too long replies to you since I doubt you will really read it.

Based on your statement, if that's really came up on your mind, I see that you are thinking too much. Try to be comfortable and relax yourself and soon you will understand what's the situation every now and then. You will learned what things should be done on the way so patience.

Trust your judgement, trust your strategy, trust your analyzation, trust your chosen hold coins, trust your own decision.
member
Activity: 240
Merit: 10
A lot of people take out options for the price to go down are take out massive short positions.  These volatile markets are a playground for day traders.
hero member
Activity: 700
Merit: 503
Of course not. Not everyone is losing money. Thousands of traders make huge money on this. First of all, these are whales. They buy up, for example 1000 bitcoins, at around $6,000 and sell it at around $6,150. These $150 on 1000 bitcoins will make a big profit. Essentially experienced and educated traders do the same. Therefore, they do not lose money, but on the contrary earn.
If we move away from trade, then there are other ways to make money now. Participation in good ICO, gives a huge profit (of course you need to participate with a large sum). One good project gives from 5 to 15x.
For today, I was not interested in trading, but I fully devoted myself to ICO, and this was my best decision (not counting the decision to deal with crypto currencies).
There are other ways of earning money in any market. The main thing is not to be lazy and always look for what you can earn.
jr. member
Activity: 238
Merit: 7
That is not true, there are few altcoins rising in green even when the market crashes. With that altcoins it would be enough easy to get profit in a way to convert that altcoin into BTC, ETH or top coins as per coinmarketcap then wait for the market to get stable then again you gain handsome profit on your holding in BTC or ETH. With altcoins that are proportionally getting declined in value when market crashes then it is very tough to get profit & yes at that moment you may lose your money.
sr. member
Activity: 742
Merit: 255
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I think most of the peoples are loose the money and few of the peoples are earn profit. So not everyone loose the money because still many day traders are earn more profit in every day. But my point of view no one loose the investment because we are buying the cryptocurrency and value is down but we have same percentage of coin so again this will going to raise in soon that day we will earn more profit.
full member
Activity: 434
Merit: 103
If you try and trade in the same way in a bear market as in a bull market then you will lose money. You have to adapt your strategy to the market you are in. For bear markets that often means shorting or just selling and buying back later.
newbie
Activity: 112
Merit: 0
In general - yes, some people make profit by shorting BTC, staking and masternodes rewards
full member
Activity: 406
Merit: 102
Not everyone loses money in decreasing market because there are some ways to make money like margin trading probably.
full member
Activity: 1750
Merit: 186
So with how much bitcoin and all the altcoins are down, is it even possible for any trader to make any money?  Example let say this.  You buy btc at a very low price due to these dips.  Now you could either keep btc or buy altcoins with it.  Now the market goes down every single day.  First off, does anyone know if btc or any altcoins ever have a day where the prices drop every single hour?  Or is that impossible?


Anyways, with how much all the coins are dropping, is it even possible for any trader to make money on days or weeks like this?  Im thinking its only possible if they make sure they sell it at the right hour and minute etc in order to profit.  But of course if they are down almost all day, how is it even possible for anyone to make any money?  Sure when the market goes back up in a while, and the price gets higher than they bought it at and now they sell, the profit.  However, the same ppl who hold the coins will profit as well.


Because doesn't it seem like there is no skill involved at all it seems?  Because if the market is down for a long time, what percentage of traders are even making any money when the market is down?  Of course if you got a coin at like 10 cents a long time ago and then it went to 5 dollars... and now because of this.. its now down to say 1 dollar, well you are still up money if you sell it now.  But the same ppl who got this coin probably got it at over 3 dollars and lost a huge percentage of its value.


So is it true almost everyone loses money when the market is down?  And almost everyone makes money when the market is up?  Because if btc goes up, the alts follow.  BTC drops, everything follows.  Its like there is zero skill at all almost.   Such that yes when it goes up, some altcoins might go up higher than others.  Also why do certain very good altcoins drop when btc drop if that project is very good etc?  Yes i know you need btc to get that coin and vice versa but its like its either everyone wins or everyone loses.


So right now market is down a lot especially for those who bought not that long ago.  So where is the skill here?  Its basically when to sell and when to buy right?  However, when market is down like this, who is damn making any money?  Because isn't almost everyone losing money?  The only ppl that i could see that likes this huge dip are those that have usd/usdt ready and picking when to buy.  Of course they could have waited till btc was 8k and thought great i buy now or buy alts and each of these already lost a lot already.


Who is making any money now when the market is down?  The ppl who are selling?  Surely not since the price they sell now is much less than before.  Also just curious but does this apply to stocks and forex trading as well?  I know that well stock market goes up, doesn't almost all the stocks all go up it seems?  The same can be said of forex or am i wrong here?  I only know forex is money trading with different currencies etc.  Because when you look at other things like poker or sportsbetting... someone is winning and someone is losing.  Also to anyone that bets sports or knows about sports, you might hear how all the wise guys are losing money.  Wise guys are sophisticated sharp bettors that are much smarter than your average joe.   That average joe most likely bets very square picks... meaning like obvious public teams etc.  However, the thing is the public does win.  And when they do that, sportsbook would lose money.  But usually they get it back and the average joe loses it back betting very public plays and the sophisticated bettors aka sharps win again.  However, i heard of sharps having really bad seasons etc.



So based on that, doesn't it seem like crypto trading is basically everyone wins or everyone loses?  Because in sportsbetting, yes the house does win and they house could also have a losing streak.  But eventually they win back the average joes money.  But if the average joe gets lucky and goes on a huge run whether betting favorites or underdogs or whatnot, its possible for him to win for a long time or lose for a long time.  Also let say you have a few players who are sharp sportsbettors and a few average joes.  Well if the sharp guys are winning, most likely the average joes are losing.  If the sharp guys are losing, average joes are most likely winning.  I say this because they usually play opposite plays most of the time.  But no matter what, someone has to win.  Whether its the sportsbook or the bettor.  Also in sportsbetting, there is something called live betting where its like trading.  Basically you can bet on either side while the game is going on when odds change always etc.  But when you live bet, if one player bets this team while another player bets another team... remember each of these players are betting against the sportsbook, one player will win... the other loses.  Thus that is where the skill comes in.  So does anyone here feel like the market dictating winning or losing is just stupid?  I mean if market is down, who is making any money?  Its like ppl say when there is a bull market, everyone thinks they are a genius.  Well if its a bull market, the only thing you have to think about is okay i will buy btc but should i exchange it for altcoin or not and which one.



Anyone here have thoughts or opinions on this?  I got excited about cryptocurrency and trading and wanted to do it.  But now when i look at it, its basically look at the market.  There doesn't seem to be any skill in it.  Can anyone here correct me with any of my statements especially if i made any especially in sportsbetting?  Thanks.
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