Topic: I lost all my bitcoin - page 6. (Read 1410 times)
make your own decision. so far, I aim to hold back until halving occurs. I am pretty sure that the potential is still very large to rise. for now, the price of bitcoin has not yet developed after the increase is quite good, but in a few days, I think the price of bitcoin will rise again. however, this also applies to other altcoins. if you plan to look for stocks, try to find one that doesn't have a big risk.
It's your choice if you want to stop investing in bitcoin, you are not alone on that situation. if you can still do it and you have funds to do it, why not? learn from mistake and make it your experience for your next move. the risk now are totally high if you are not gaining knowledge and you are basing of your thoughts.
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.
True most of the traders who lose too much are the one's who always rush things up.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 don't want to study how to trade properly and how to lessen the risk in trading.
I think OP needs to use his experience and learn from it and look what he/she did wrong.
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.
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.
Op, how do you know about Bitcoin? if you find out from this forum you should be to ask more questions or research before doing things that result in losing Bitcoin.
If you do trade with leverage trading (like what another members guess) I think you should stop and learn more about leverage trading.
If you do trade with leverage trading (like what another members guess) I think you should stop and learn more about leverage trading.
You probably have to improve your trading strategy. Diversification is only useful if you're investing for some time and not swing-trading every now and then.
You can do both of them. Use some of your money to swing trade, and the left-over to invest in potential stocks after you research for days about them. If you can find another 'Amazon' or 'AMD', your return is probably better than shorting or longing Bitcoin every day.
You can do both of them. Use some of your money to swing trade, and the left-over to invest in potential stocks after you research for days about them. If you can find another 'Amazon' or 'AMD', your return is probably better than shorting or longing Bitcoin every day.
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.
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?
Unlike in crypto in which the possibility in earning a good amount of money is pretty high if the market will start to move upward. Or you can just split your investment in stock and in crypto 50/50 then see for yourself if what investment will give you a better ROI.
I'm sure no one here will say "stop investing in Bitcoin". But there's a difference between trading and investing, and you should learn that.
Through trading, you try to multiply your balance. You do that when you've gotten enough experience and studied graphics long emo urgh to consider yourself a possibly good trader to some extent, but you still have to know there is always a risk of losing this way.
Yes, holding an asset for the long term without shorting/longing it on the short term means trading too, but it involves a smaller risk. At least this way you only lose what you've bought. Daily trading can leave you in the end with a smaller portfolio value (if the price decreases) AND with a smaller amount of Bitcoins in it if you don't know what you're doing and lose through trading.
So either study trading long enough to know what you're doing or buy & hold.
Through trading, you try to multiply your balance. You do that when you've gotten enough experience and studied graphics long emo urgh to consider yourself a possibly good trader to some extent, but you still have to know there is always a risk of losing this way.
Yes, holding an asset for the long term without shorting/longing it on the short term means trading too, but it involves a smaller risk. At least this way you only lose what you've bought. Daily trading can leave you in the end with a smaller portfolio value (if the price decreases) AND with a smaller amount of Bitcoins in it if you don't know what you're doing and lose through trading.
So either study trading long enough to know what you're doing or buy & hold.
I see a lamb being led to the alter lol. Those type of tradings would definitely get you some good profits but if you are not careful and get too greedy you can lose everything within a flash. Never be swayed by the market by going in with all your funds, always go in with something small to make a substantial amount of profits. Avoid trading with huge leverages in the attempt of maximizing your profits, you only lose your investment money way too fast if things go downside.
Looks like you have to do verification or do some more research about the investment because all investments will have risks so don't be easy to give up so easily because there are still many opportunities ahead for investing in bitcoin.
Bitcoin is now also an opportunity why because prices have dropped below $ 9,000 and of course this will rise again after a few days to believe about your investment and do not despair.
Bitcoin is now also an opportunity why because prices have dropped below $ 9,000 and of course this will rise again after a few days to believe about your investment and do not despair.
With diversified way of investment the risk is low. Same time if the investment is made all in one automatically the risk will be high. To the risk taken if things go good a big profit can be made out of it, or else it'll be of loss. When diversified the growth differing between various assets will minimize the loss and give profit even when the market conditions weren't good for trading.
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.
But of course, control your risk. Bitcoin, stocks, and businesses. Don't go all in.
Such is life mate. Some people learn it the hard way and others don't. In as much that you lost your Bitcoin, life still goes on. Get a real job and everything will be okay.
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.
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?
Jump to: