I quit trading - page 84. | Bitcointalksearch.org

katrimans

hero member

Activity: 882

Merit: 500

Quote from: zombie007 on November 09, 2016, 01:51:41 PM

Quote from: bittraffic on November 07, 2016, 02:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

Winning and loosing alternatively and frequently is the nature of gambling but trading has different methodology here : winning big amounts and loosing small amounts like professional traders do say "let your profits grow and cut your losses early".

When you are not trading as per the above methodology, it is better to quit trading before losing all your wealth. Quitting trading need not to be permanent. They can learn trading skills and come back again always.

Trasamania

newbie

Activity: 33

Merit: 0

Quote from: zombie007 on November 09, 2016, 01:51:41 PM

Quote from: bittraffic on November 07, 2016, 02:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

That is true. If you can win 55% of the time and lose 45% of the time but lose less, you will win in the end.

zombie007

full member

Activity: 214

Merit: 100

Quote from: bittraffic on November 07, 2016, 02:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

yes i think winning and loosing is the part of trading you cannot make money every time you have to compromise some thing and must book some lost,but i does not mean to stop trading, if you are continuously losing money then you should try to change your strategy of trading but leaving trading is not a wise decision.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: bittraffic on November 07, 2016, 02:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.

What good projects are you referring to? ICO's? Altcoins with fancy features? Investing in the bankroll of new casinos? If any of these, which is most likely the case, then none of them is good enough to put your hard worked cash in. If you do however proceed to put money in them, then it's more like a gamble rather than a well thought out investment plan.

Quote from: bittraffic on November 07, 2016, 02:52:54 AM

If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

If people quit trading due to constantly losing money, or just because they are tired of it as it is quite time consuming, then it's a decision to quit trading, and not to leave the entire Bitcoin scene. They can either keep holding their coins as a long term investment plan, or just offer their skills to the public as a service, or simply use Bitcoin as a currency tool. That's the benefit of Bitcoin, it's multifunctional tool.

Mzie

full member

Activity: 140

Merit: 100

why quit unless you have other businesses or investments to venture into

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: Murtiya on November 07, 2016, 07:40:14 AM

Quote from: Kotone on November 07, 2016, 05:42:49 AM

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

It depends on how much pay for the lesson. If you arr not rich, it is better not to star trading initially.

There is not restriction in trading, you can be rich and poor as long as you have the capacity to trade. From what I know, our main purpose in trading is to make money so more like it's the opportunity for the poor to be rich if we do it right.

Murtiya

member

Activity: 109

Merit: 10

Quote from: Kotone on November 07, 2016, 05:42:49 AM

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

It depends on how much pay for the lesson. If you arr not rich, it is better not to star trading initially.

Kotone

hero member

Activity: 1372

Merit: 503

I will never quit trading because i lose i will considered as lesson and i really make sure that i learned from my mistakes in the past and i will continue trading even i lose and i will make profit patience is really a virtue and if you keep calm and keep trading in the future you will see that you hard work is really wort.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: bittraffic on November 07, 2016, 02:52:54 AM

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

As OP mentioned hes been doing trading for almost 2 years now but still he didnt do well on this career thats why he intend to quit than to continue its lose of money even more if he intend to continue. Trading is really good though but for some people it doesnt always work . There are really things thats didnt worked for us.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: deisik on November 07, 2016, 02:26:27 AM

Quote from: 8Habits on November 07, 2016, 02:10:20 AM

Quote from: mirakal on November 07, 2016, 01:48:10 AM

Quote from: 8Habits on November 07, 2016, 01:14:35 AM

Quote from: Yuuto on November 07, 2016, 01:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

That is already irrelevant to the topic, arbitrage betting in sports does not pose any risk on winning as long as you can fine a good line to do your arbitrage betting. We are not talking here of the possibility of getting hack.

bittraffic

hero member

Activity: 3038

Merit: 617

I don't think someone can actually leave trading just when there are so much good projects to invest with.
If you got into crypto trading, that means you have been into bitcoin for more than months already. I don't think you would want to back away from bitcoin for good, you will always come around.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: deisik on November 07, 2016, 02:26:27 AM

Quote from: 8Habits on November 07, 2016, 02:10:20 AM

Quote from: mirakal on November 07, 2016, 01:48:10 AM

Quote from: 8Habits on November 07, 2016, 01:14:35 AM

Quote from: Yuuto on November 07, 2016, 01:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

Thanks, that was really my point that there will always be a risk. although in this case the risk is minimal when in terms of winning or losing the game but the bigger risk is your money being stolen away from you. Hence, there is really risk free investment and gambling around - we just need to keep playing safe.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: 8Habits on November 07, 2016, 02:10:20 AM

Quote from: mirakal on November 07, 2016, 01:48:10 AM

Quote from: 8Habits on November 07, 2016, 01:14:35 AM

Quote from: Yuuto on November 07, 2016, 01:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: mirakal on November 07, 2016, 01:48:10 AM

Quote from: 8Habits on November 07, 2016, 01:14:35 AM

Quote from: Yuuto on November 07, 2016, 01:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time betting arbitrage

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: 8Habits on November 07, 2016, 01:14:35 AM

Quote from: Yuuto on November 07, 2016, 01:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: Yuuto on November 07, 2016, 01:02:18 AM

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

Yuuto

hero member

Activity: 644

Merit: 501

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: rokkyroad on November 05, 2016, 04:56:55 PM

I appreciate the OPs honest post. He was smart enough to call it quits before he lost more. Was he trading altcoins? If so, a good lesson for everyone.

Holding bitcoin is the only "relatively" safe way to grow your investment. Wait for it to go up and sell. Wait for it to go down and buy. Its a waiting game and those with patience win.

No fast money in altcoins anymore unless you are on the inside of a scam or pump.

That is true. That is really the one thing that I hate a lot in trading cryptocurrencies - the pump and dump. Although, I am not really affected to it, but I was and so with the new comers in trading crypto currencies. Most of the victims here are the new ones and they easily lose a lot of their bankroll because of these pump and dump.

rokkyroad

legendary

Activity: 1090

Merit: 1000

I appreciate the OPs honest post. He was smart enough to call it quits before he lost more. Was he trading altcoins? If so, a good lesson for everyone.

Holding bitcoin is the only "relatively" safe way to grow your investment. Wait for it to go up and sell. Wait for it to go down and buy. Its a waiting game and those with patience win.

No fast money in altcoins anymore unless you are on the inside of a scam or pump.

Bitcotalk

hero member

Activity: 966

Merit: 517

Quote from: coynedterm on November 05, 2016, 02:45:48 AM

Quote from: Mayer Amschel on September 21, 2015, 06:21:35 AM

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.

i will suggest you to invest your btc at casino sites in small small amount , in this way you will get earning without doing any more trading like tedious work .
otherwise you can make own investment site or cloudmining site with less Profit .

If you are suggesting for to gamble with his money on these casino sites then it is not good to suggest like that because it is not a place to earn money and he will lose all of them while if he start his own casino then he will earn a good income from that amount.

Topic: I quit trading - page 84. (Read 242600 times)