Topic: Have you tried trading only to realize you should stick with mining? (Read 1503 times)
November 22, 2017, 08:58:09 PM
thats true because trading cause of lossing money but mining is waitin profit.
November 22, 2017, 06:08:56 PM
Its really tough to trade crypto coins. I mean, its great if you are on the right side. But awful if caught wrong footed.
Unlike conventional equities, cryptos can move 20% easily.
Unlike conventional equities, cryptos can move 20% easily.
November 22, 2017, 05:14:11 PM
I've been mining for awhile now and had accumlated a decent size portfolio of coins. Just like you, recently started to get into trading. Its a full time job for people i believe. But i have gotten slot of advice and tips, to date my trading portfolio is in the positive. I think you need to have patience and do not over trade! Make some short trades when possible. You should be fine.
really great advice indeed but I suggest you to do some staking and masternode running as well based on your investment volume. November 22, 2017, 02:03:54 PM
I've been mining for awhile now and had accumlated a decent size portfolio of coins. Just like you, recently started to get into trading. Its a full time job for people i believe. But i have gotten slot of advice and tips, to date my trading portfolio is in the positive. I think you need to have patience and do not over trade! Make some short trades when possible. You should be fine.
November 22, 2017, 01:37:46 PM
I just took part in my first airdrop and was totally overwhelmed when I saw how many coins there were and how much I would need to learn in order to do pretty much anything at all. there's a lot going on, and honestly, I think it's over my head for now. I'll probably figure it out someday, but for now I'll stick to mining.
November 22, 2017, 01:25:58 PM
Ive noticed that i make alot more money when i dont try to hard. During some weeks on my dayjob i get to stressed and i cant think about crypto, thats normally when i dont sell and make alot more than if i sold 
November 22, 2017, 12:27:56 PM
I tried day trading and had some moderate success, but i gave up on it.
The reason for me is that you can't compete against pump and dump group and also the bots are pretty annoying.
Now my strategy is to stick in mining only, participate in some very promising ICO's out there and invest only in the biggest coins out there.
And to tell you the truth i live a better life now, do not miss the stress for sure.
The reason for me is that you can't compete against pump and dump group and also the bots are pretty annoying.
Now my strategy is to stick in mining only, participate in some very promising ICO's out there and invest only in the biggest coins out there.
And to tell you the truth i live a better life now, do not miss the stress for sure.
November 22, 2017, 12:12:52 PM
Hi All,
I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.
I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?
I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.
I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?
Day trading or short term trading is risky, in stocks and crypto.
I think you should do both (but buy and hold the crypto) - you can go 50/50 or 60/40 split (mining/buying), do what's best for your budget and vision.
November 22, 2017, 10:48:48 AM
I do a bit of both but like mining as I can mine good quantities of newer coins and then hold them for the long term.
I'm also looking into more POS coins now and like the idea of a return on your investment with Masternodes too.
I'm also looking into more POS coins now and like the idea of a return on your investment with Masternodes too.
November 22, 2017, 08:18:46 AM
I only mine coins that are on polo margin markets, then use them as leverage to trade on margin. I NEVER have more out on loan than my actual margin value, don't leverage at 2.5x. Gives a nice buffer to ride it out when the market goes the opposite direction that you thought it would.
November 22, 2017, 08:12:18 AM
also I found a free platform that helps with day trading - it has a referral program as well
https://3commas.io/?c=bitcointalk
https://3commas.io/?c=bitcointalk
November 20, 2017, 09:27:37 AM
if you want to trade, there is a good bot that does it for you - you can check it out
https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214
https://bitcointalksearch.org/topic/gunbot-automatic-poloniex-profit-generator-1715214
November 20, 2017, 06:21:05 AM
Hi All,
I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.
I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?
I'm a pretty new miner and have been making some decent income from it. I tried trading recently because I thought that that was the natural thing to get into after mining. I was wrong. I don't have the patience or the grit to trade.
I was wondering: Have you tried trading only to realize you should stick with mining? How much did it cost you before you realized you're not meant to be a trader?
I think trading and mining are part and parcel. Of course one can look at Whattomine then select the most profitable coin and mining it. But it's not the best way to make money in cryptoworld. Trading requires a huge patience and at least "steel balls" but it can give you much more profit than mining alone. Mining "right" coins hold them and sell them at "right" moment can give at least 2-3 times more profit than regular mining. But it's like a 6th feeling and hard work with price plots, news and so on.
November 20, 2017, 05:05:24 AM
Same happened here. Took my 12 ETH coins i've been holding and put into Bitcoin cash during that insane price rise, saw my profit rise about 2 grand over what i put in then went to sleep woke up next morning to see it had crashed and I lost $1000 of what i put in originally. Awful. But lesson learned you gotta skim what profits you can. The thought of "it may go higher" it always a nasty one that will lead you to lose money like I did.
Well, something similar happened to me too.
I'm a miner and I don't know for what reason I bought the rumours that BitcoinCash will be termed as Bitcoin and original Bitcoin will become Bitcoin Classic and in that fuss, I bought around 1.8 BCH for 13 ETH at all-time high and the next day it was not even 7 ETH worth. What a bump! Never did I ever think about trading now.
November 19, 2017, 06:12:39 PM
I tried trading and i have absolutely no talent.. so i stick with mining..
But still need "practice" researching good coins to mine, you know those who have low difficulty, and are profitable a lot after a few weeks..
Started mining BTX lately.. but i'm not sure it'll be profitable..
But still need "practice" researching good coins to mine, you know those who have low difficulty, and are profitable a lot after a few weeks..
Started mining BTX lately.. but i'm not sure it'll be profitable..
November 19, 2017, 05:50:10 PM
Same happened here. Took my 12 ETH coins i've been holding and put into Bitcoin cash during that insane price rise, saw my profit rise about 2 grand over what i put in then went to sleep woke up next morning to see it had crashed and I lost $1000 of what i put in originally. Awful. But lesson learned you gotta skim what profits you can. The thought of "it may go higher" it always a nasty one that will lead you to lose money like I did.
Thats why we now have SMART phones, where you can download some apps and set the alarm which goes off, when the price has rissen or fallen
)Btw. I know how u feel
i had my lesson too November 19, 2017, 05:41:04 PM
So very true. FOMO is a biggest driver of that occurrence. Trading responsibly, not being greedy and golden rule "buy cheap - sell high" are 3 best advice's I received.
November 15, 2017, 04:22:44 PM
I was mining and holding ETH waiting for the price to rise, meanwhile BTC price is climbing, I realized that I loosed a lot of opportunities to make some good profits.
So I decided to sell my ETH for BTC when it crashed during BCH fever. Now BTC is up again, if I buy ETH again for BTC i will get more ETH so will make some good profits.
I placed a buy order a little higher because I think BTC will continue upwards.
So I decided to sell my ETH for BTC when it crashed during BCH fever. Now BTC is up again, if I buy ETH again for BTC i will get more ETH so will make some good profits.
I placed a buy order a little higher because I think BTC will continue upwards.
November 15, 2017, 04:12:15 PM
I thought that i am a good trader, but after that i added my bittrex account to http://3commas.io and realised that i lot much of my mined funds. Compared to hold strategy... That's sad
November 15, 2017, 04:10:34 PM
I would have tripled my money by now if I had just bought BTC instead of buying mining gear.
I bought mining gear after my btc has trippled in value:), I don't see btc trippling any time soon so best to shift those profits to mining gear now. Rinse/Repeat.
Ideally I wish i can use my day job money to buy gear and keep my bitcoins,. But I'm low on usd cash, so I think it's good to take some btc profit after 3x gains to buy mining gear.
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