let me guess, surely you do leverage trading, leverage trading can indeed maximize profit, but the risk is also very big, very not recommended especially for beginners, in this forum there are many who trade bitcoin but don't lose all bitcoin, so far my bitcoin is still okay, because I trade normally without leverage.
There are already many stories of lost bitcoin due to leverage trading. We need to be aware of what we are getting into. We must know what we're dealing especially for newbies who are excited to double or triple their profit, know that at those price will have a correspond risk which is bigger than expected. We need to studied trading before entering. 
Topic: I lost all my bitcoin - page 2. (Read 1410 times)
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Why would you stop when you will literally come back later to recover your money, I would rather to come back and just only invest that you can afford instead of all in because making something big is not a must in trading because that's not gonna make you rich instead the greediness will lead you to loss.or Not at all?
but if you want to learn, never give up because later you will get the best results. if the long term better invests in parent altcoins the results will be very good.
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Why would you stop when you will literally come back later to recover your money, I would rather to come back and just only invest that you can afford instead of all in because making something big is not a must in trading because that's not gonna make you rich instead the greediness will lead you to loss. or Not at all?
I dont understand why there are still people like you who has lost the invested amount in Bitcoin going for a long term holding. I mean, holding and monitoring the market every now and then isn't a hard task to do.
Most cases like this happened to those who rush and trade to earn good profit. It's never easy to trade btw, specifically short or day trading. Now, compose yourself up move on, recover and then decide.
they are the one who are looking for easy money and they think bitcoin can give it to them easily. There is no easy money it needs time and effort monitoring price movement before you can earn profit from your investment . Loosing is also part of investment so if you experience the lost move on and take it as a lesson.Most cases like this happened to those who rush and trade to earn good profit. It's never easy to trade btw, specifically short or day trading. Now, compose yourself up move on, recover and then decide.
Just go the way that works for you. I hate leverage trading, there is no way I can lose all my bitcoin doing a spot trading with USDT/BTC and not trading some shit altcoins. The quest to make more money can lead to greed that may eventually consume one.
Leverage will never have a good return to us, instead, it is a way to lose everything we have.Thus, if you are wanting to be in trading...better to find another strategy that is suited to our capabilities and knowledge. For it, it is important to know our position, knows coins we are going to trade for that is the only way we are able to save from losing in the end.
Stop doing it?
well you should look at your success rate history for at least a year and see if you were only getting lucky and making profit or were you actually making profit because your analysis was good and closest to reality and that made you make profit.
if it is t he former then you must stay away from trading and if it is the later then continue doing it.
but i'm guessing based on your topic title your trading strategy might have been more like a shot in the dark that sometimes hit the target in which case you might want to make some major changes in your approach.
Are you experienced in investing in stock markets? If yes, than you can go for them if you are intrepid with leverage trading. Reading and understanding you I am sure you are talking about leverage trading to go long and short on the market price to make quick profits. This method is really useful if you have the guts to make some research but price going in opposite direction might give you huge loss so it is also treated as much riskier.
You could move to margin trading if you want to start trading with higher amount than your actual capital is. This might seems interesting for you and you might again turn back to cryptocurrency trading.
You could move to margin trading if you want to start trading with higher amount than your actual capital is. This might seems interesting for you and you might again turn back to cryptocurrency trading.
Very many people have experienced bad events like that, indeed investing in cryptocurrency is very risky. And no as easy as imagined.
I'm sure you lost all the bitcoin you have due to lack of knowledge and experience in the crypto world, and there is a possibility the
strategy you are using is not right. In my opinion the decision is yours, whether it will be continue or stop. Whatever answer you do that
you think is good, but for me investing in cryptocurrency is the chance of getting rich.
I'm sure you lost all the bitcoin you have due to lack of knowledge and experience in the crypto world, and there is a possibility the
strategy you are using is not right. In my opinion the decision is yours, whether it will be continue or stop. Whatever answer you do that
you think is good, but for me investing in cryptocurrency is the chance of getting rich.
You probably bought your BTC when it was high as sold it in a panic mode when it hit an all-time low. That shouldn't be a character of an investor, honestly. If you go short term, you need to be updated on what's going on with the crypto market every day, which is a bit less concern for someone who hold BTC for the long term.
Anyway, if you are still testing the waters never invest bigger than the amount you would accept to lose. Just a little money at first then you can increase it gradually. Don't invest without knowledge as much as possible. Research is the key always.
Anyway, if you are still testing the waters never invest bigger than the amount you would accept to lose. Just a little money at first then you can increase it gradually. Don't invest without knowledge as much as possible. Research is the key always.
Going short or long has got me so much money but at the same time, it makes me too bold.
Now what?
Stop doing it? or Start diversified investment in Stock?
or Not at all?
If you're bullish on bitcoin on the long term, why not just simply hold it? Historically, just simply holding bitcoin can earn you a good amount of gains. And not only that, when you passively hold bitcoin, you have time to do some other productive things instead! You can use the time(that you're not trading) to learn stuff and start businesses.
But of course, control your risk. Bitcoin, stocks, and businesses. Don't go all in.
I supported what you said because short form of trading is not for people cant control their greed and emotion and for OP to have said he lost his investment when he does the long aspect of trading completely shows that he's totally inexperience as crypto trading is concern but i will advise him to do his home work first while he just buy and hold his coins. But of course, control your risk. Bitcoin, stocks, and businesses. Don't go all in.
There's no such thing that you will loss all of your bitcoin into trading, either the coin that you are holding turned out to be a scam project or some exchange scam you, What I think is you are doing a leverage trading, If you are doing that, it is almost a gambling so for me I think considering that you can lose your money in one big dump. I highly suggest that you should avoid leverage trading if you are just starting in trading or you are not sure about trade. Personally, I am doing leverage trading if there's strong news which I think it will affect bitcoin in massive way. btw, good luck to you, I hope you will continue to trade, just be careful next time, and don't think your trade as a lose of money, just think what you learned on that trade and what knowledge you gain from it. Good luck mate!
If you are not experienced enough to understand how the crypto market works, I advise you not to invest large amounts until you have all the necessary information to ensure successful trading. I think it's a good idea to buy Bitcoin and not exchange it in other currencies until you learn the crypto mechanisms. You can only keep Bitcoin until its price rises above the investment price. I hope you don't give up crypto. People learn from their own mistakes. .
Especially if you are new in the crypto world, it is always fine to take risk,, but don't take risk by grabbing opportunities in crypto, don't be too hype as there's a lot of scam project out there, that even a legit project can't even provide ROI because after they have their fund raised, most of them doesn't care about investors anymore.
If you are not experienced enough to understand how the crypto market works, I advise you not to invest large amounts until you have all the necessary information to ensure successful trading. I think it's a good idea to buy Bitcoin and not exchange it in other currencies until you learn the crypto mechanisms. You can only keep Bitcoin until its price rises above the investment price. I hope you don't give up crypto. People learn from their own mistakes. .
Just go for long-term hodling.
Can't advise you a lot in stocks, since I don't do that no more. You could use of diversified investment though and it would most likely work out.
Sorry for the losses you got though, OP. It is just the beginning for you, so don't be discourage by the losses.
Can't advise you a lot in stocks, since I don't do that no more. You could use of diversified investment though and it would most likely work out.
Sorry for the losses you got though, OP. It is just the beginning for you, so don't be discourage by the losses.
Op should be able to learn from the mistakes he made, by finding out where the location of the error is so that he can correct deeper the mistakes he made so that no losses will occur again. if he is easily discouraged and gives up to leave bitcoin then the decision he takes will certainly later regret it for not trying to get back the capital he has spent investing in bitcoin
Usually, losses can make people aware and try harder in learning the right strategy for trading, some others give up without learning more, your decision is in your hands, OP. make mistakes as learning, let alone cryptocurrency is full of risks, besides preparing strategies it also requires a strong mentality. respect the decisions you've made, don't regret it if you lose, and make it a good lesson if you make money. one thing that is important, understand your passion, all in risk is indeed high, so if you are not sure then choose another strategy.
Why don't you just analyze your trading pattern and see what went wrong? Learn from your mistakes. See how you could have done better. Try to understand the market. The crypto market is not like your traditional stock market. They have no fixed patterns that you can follow. Analyze the market for deeply before you invest. This of your current loss as a price you paid for learning more. At least you now have some practical knowledge. Don't just give up. And yeah, I would suggest you to diversify your investment.
~snip~
Now what?
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Having Bitcoin The key is only one, not greedy when you have benefited, both from trading and investment.
Because it often happens to someone who is greedy when he has benefited but he did not take that advantage and eventually he lost it all.
I don't see the connection of your title to what you want to ask. That's your money and you can continue your plans of holding it. Determine yourself for shorting or going long right now. You can diversify as much as you want but the very tip that I'll tell you is don't leave your bitcoin investment and never sold all of it. Sell some for diversification but still allocate an amount for a longer time so that if bitcoin ever pumps again and grows naturally, you still have something to get.
Quitting is never a good option, but as you have already experienced a lot in this market you can excel in many ways. As in diversification, you will determine percentages for the distribution of different assets. Diversified investment will reduce the chances of risk and increase the chances of success. You should go for the diversification it will benefit you both in short term and long term investments.This is true. Knowledge is also better then money because with the right knowledge you can earn lots of money just by applying it to some sort of trade or service. Losing money hurts now but maybe in 5 or 10 years you make it and you made it because you never gave up and now that amount you lose is nothing compared to the amount you gained later on.
Just go for long-term hodling.
Can't advise you a lot in stocks, since I don't do that no more. You could use of diversified investment though and it would most likely work out.
Sorry for the losses you got though, OP. It is just the beginning for you, so don't be discourage by the losses.
Can't advise you a lot in stocks, since I don't do that no more. You could use of diversified investment though and it would most likely work out.
Sorry for the losses you got though, OP. It is just the beginning for you, so don't be discourage by the losses.
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