what do you mean what would you do to your money?
and did you quit now because you lost 7 btc for 2 years?
or just because you dont have time for it now?
im studyng about trading , but im still new to it.
and im hoping to get some information, or lesson that i can learn,
since you are already 2 years from it.
or if you will say that its more loses than win.then il just stop this.
Topic: I quit trading - page 130. (Read 242526 times)
Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Congratulations for admiting failure. Not many people are able to do that. They only report gains, but never losses.Withdrew: 40BTC (roughly)
Good luck in future investements.
Not at all. In fact, I earned most when doge had been collapsing in March-April down to 36-37. Dogecoin is very awarding whether it falls or grows, if you know its ways, of course (it is just heavy on the CVS, lol). The only time I suffered significant loss was in February, but that was not due to trading, wtf. Back then I had been trading at Bter, and I had all of my deposit in doges (about 3.5 BTC at the time), which I bought at 59. Right after that (just a few hours later) Bter got hacked, and I got my funds frozen there. A few days later the price was at 61-62 everywhere, which would have given me 4-5% of profit. When in March I was finally able to withdraw my deposit, the price had fallen to 50-51...
That issue confirmed my prior decision not to buy crypto with fiat
That issue confirmed my prior decision not to buy crypto with fiat
any tips for a newbie?
1) Don't get married to a position
2) Trade a pair which is (most) mood-invariant to you
The first naturally stems from the second
I would rather advice you to invest rather than trading.Right investment choice is for long term unlike shot term trade gains
Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .
I started with around 1.7 BTC in January, and by June I had about 8 BTC, 90% of which came from trading Doge:BTC pair. Since it was all manual and rather exhausting, I switched to automatic trading (and to BTC:USD pair), earned (and learned) something, and right now I'm developing two bots, one for a fiat exchange (it is already bringing in profits) and another for arbitrage on BTC exchanges (still in the works). Autotrading at one exchange hasn't been very profitable recently (not enough volatility, wtf)...
I'm aiming at 1% daily (as a minimum)
Well with Doge it's been really difficult to make a profit since it has had long downtrends and very short and abrupt bullish moves. I suppose you picked the May peak in price but imho I consider risky to have 90% of your profits in only one crypto but I admit I'm in the same situation, recently I've picked a crypto where I've invested heavily and for now it has given me nice profits but I've been trading only for two months
Not at all. In fact, I earned most when doge had been collapsing in March-April down to 36-37. Dogecoin is very awarding whether it falls or grows, if you know its ways, of course (it is just heavy on the CVS, lol). The only time I suffered significant loss was in February, but that was not due to trading, wtf. Back then I had been trading at Bter, and I had all of my deposit in doges (about 3.5 BTC at the time), which I bought at 59. Right after that (just a few hours later) Bter got hacked, and I got my funds frozen there. A few days later the price was at 61-62 everywhere, which would have given me 4-5% of profit. When in March I was finally able to withdraw my deposit, the price had fallen to 50-51...
That issue confirmed my prior decision not to buy crypto with fiat
any tips for a newbie?
Try make your own bussness like a faucet site or gambling site or any site that can get some profit to your coins.... dont try invest to any site like coinsera and scrypt.cc
This will work. This is a sound investment. Gambling sites make ton of money but there is a lot of competition. Faucet owners make nice money as well.
Of course you have to know how to build one of those or pay someone if you don't know how to do so. You also need to know how to operate these sites. But now I have noticed that some people even hire people that run these sites for them. In this case your earnings will decrease considerably.
wow thats a lot of money at least for me and some other newbies here anyways as you said you don't have sufficaint time to give on this kind of things then simple use those funds either to make a gambling site or just use it to develop any kind of apps but something uniquely designed and with totally a cool concept almest like crytocurrency it will be good if you accept cryptocurrencys in it too
Try make your own bussness like a faucet site or gambling site or any site that can get some profit to your coins.... dont try invest to any site like coinsera and scrypt.cc
Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .
I started with around 1.7 BTC in January, and by June I had about 8 BTC, 90% of which came from trading Doge:BTC pair. Since it was all manual and rather exhausting, I switched to automatic trading (and to BTC:USD pair), earned (and learned) something, and right now I'm developing two bots, one for a fiat exchange (it is already bringing in profits) and another for arbitrage on BTC exchanges (still in the works). Autotrading at one exchange hasn't been very profitable recently (not enough volatility, wtf)...
I'm aiming at 1% daily (as a minimum)
Well with Doge it's been really difficult to make a profit since it has had long downtrends and very short and abrupt bullish moves. I suppose you picked the May peak in price but imho I consider risky to have 90% of your profits in only one crypto but I admit I'm in the same situation, recently I've picked a crypto where I've invested heavily and for now it has given me nice profits but I've been trading only for two months
Not at all. In fact, I earned most when doge had been collapsing in March-April down to 36-37. Dogecoin is very awarding whether it falls or grows, if you know its ways, of course (it is just heavy on the CVS, lol). The only time I suffered significant loss was in February, but that was not due to trading, wtf. Back then I had been trading at Bter, and I had all of my deposit in doges (about 3.5 BTC at the time), which I bought at 59. Right after that (just a few hours later) Bter got hacked, and I got my funds frozen there. A few days later the price was at 61-62 everywhere, which would have given me 4-5% of profit. When in March I was finally able to withdraw my deposit, the price had fallen to 50-51...
That issue confirmed my prior decision not to buy crypto with fiat
Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .
I started with around 1.7 BTC in January, and by June I had about 8 BTC, 90% of which came from trading Doge:BTC pair. Since it was all manual and rather exhausting, I switched to automatic trading (and to BTC:USD pair), earned (and learned) something, and right now I'm developing two bots, one for a fiat exchange (it is already bringing in profits) and another for arbitrage on BTC exchanges (still in the works). Autotrading at one exchange hasn't been very profitable recently (not enough volatility, wtf)...
I'm aiming at 1% daily (as a minimum)
Well with Doge it's been really difficult to make a profit since it has had long downtrends and very short and abrupt bullish moves. I suppose you picked the May peak in price but imho I consider risky to have 90% of your profits in only one crypto but I admit I'm in the same situation, recently I've picked a crypto where I've invested heavily and for now it has given me nice profits but I've been trading only for two months.
What I miss the most in exchanges is more indicators since in Cryptsy, where I'm trading, you only have volume and japanese candles and Bitcoinwisdom only has a couple of altcoins. I imagine you must be programming all your indicators manually on your bots or do you pick them from some website API?
i wanted to become a trader.one of my friend nearly convinced me to quit my engineering and become a day trader.i opened a demo account at fxcm did very good there, then i started trading on secondstrade and i am in a debt.
giving up to job/school for trading is a pure gamble, you should nopt do it ever, it require to have a good experience before doing anything
and i would suggest to start with a small amount to try how the thing work, don't bother in any other case
Never stop investing at yourself,left the school is the worse mistake ,and even worse when you try a demo trading and wow i had made 5 btc in one wee i can live from this insteasd study and work.I dont remember demos,that makes you loose money,forex has those demos and usually you lost 5000 and earn 50000 ,soo they create an ilusion to atract new investors,then the reality comes and strike,as mentioned above you should start with some ammount and trade test with them,if you lucky you can keep making it and studying.
As you are saying you have already withdrawn your 40 bitcoin,i will say save them for future use or spend it on something you like or want..If you have not withdrawn the 40 bitcoins then my advice would be to store them in offline wallet and wait till the price will go up (it sure will in coming days 
) and then withdraw it.i am pretty sure you could have got a nice profit by doing that
) and then withdraw it.i am pretty sure you could have got a nice profit by doing that 
i wanted to become a trader.one of my friend nearly convinced me to quit my engineering and become a day trader.i opened a demo account at fxcm did very good there, then i started trading on secondstrade and i am in a debt.
giving up to job/school for trading is a pure gamble, you should nopt do it ever, it require to have a good experience before doing anything
and i would suggest to start with a small amount to try how the thing work, don't bother in any other case
i wanted to become a trader.one of my friend nearly convinced me to quit my engineering and become a day trader.i opened a demo account at fxcm did very good there, then i started trading on secondstrade and i am in a debt.
Well its an amazing result into the tradying system,making a bot sounds good let me know when some trial version ready to test.I dont know why but these month the market is hot but volatility is very low raising the risks into any coin
Trading bots are not a panacea. If you can't earn by hand, bots will only magnify your losses. They can make life easier, but they still can't think for you...
I know about it the fact is to play with crypto must have time and some information and join the coin on the right moment.But more important is that it requires time to search and be sure where to invest.
Just withdraw them and keep them somewhere safe. After 10 years you could pay off your house with it.
Well its an amazing result into the tradying system,making a bot sounds good let me know when some trial version ready to test.I dont know why but these month the market is hot but volatility is very low raising the risks into any coin
Trading bots are not a panacea. If you can't earn by hand, bots will only magnify your losses. They can make life easier, but they still can't think for you...
Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .
I started with around 1.7 BTC in January, and by June I had about 8 BTC, 90% of which came from trading Doge:BTC pair. Since it was all manual and rather exhausting, I switched to automatic trading (and to BTC:USD pair), earned (and learned) something, and right now I'm developing two bots, one for a fiat exchange (it is already bringing in profits) and another for arbitrage on BTC exchanges (still in the works). Autotrading at one exchange hasn't been very profitable recently (not enough volatility, wtf)...
I'm aiming at 1% daily (as a minimum)
Well its an amazing result into the tradying system,making a bot sounds good let me know when some trial version ready to test.I dont know why but these month the market is hot but volatility is very low raising the risks into any coin.
About the experience taken from these last 2 years im pretty sure that even with such knowledge he owns now he can keep trading and the results can be the same as before,the market is very volatil some wins others loose .
OP at least you have gained the experience. There are many bots out there that won't require you to give it full time and will improve your trading as you already have the necessary knowledge. If not just sit back and sell in the runup to halving.
Well is one of the first persons that says his results and well into 2 years is something to show that exchange turn into a loss as well not soo easy to profit,and yes without time to make your positions is hard to profit ,looks you must look for other feature besides exchange .
I started with around 1.7 BTC in January, and by June I had about 8 BTC, 90% of which came from trading Doge:BTC pair. Since it was all manual and rather exhausting, I switched to automatic trading (and to BTC:USD pair), earned (and learned) something, and right now I'm developing two bots, one for a fiat exchange (it is already bringing in profits) and another for arbitrage on BTC exchanges (still in the works). Autotrading at one exchange hasn't been very profitable recently (not enough volatility, wtf)...
I'm aiming at 1% daily (as a minimum)
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