Topic: Im sick and tired of this Bitcoin - page 8. (Read 1489 times)

First of all, you should not invest what you cannot afford to lose, since any investment has some risks associated with it, that's just how it works. Secondly, Bitcoin is not really a coin for trading. Well, at least I never saw it as such. And from my experience, it's way easier and safer to make long-term investments (I myself made a couple of very successful ones back in the days) than go for trading (I tried but ended up losing my initial capital). Bitcoin is a long-term investment, and even though it is risky, it's been growing year by year, and always recovered from the bearish trends so far (okay, there hasn't been $20k price yet, but there has definitely been some improvement).

The money is on the market, all you have to do is trade, and make a lot of money. If you cannot do day trading, then you can trade at any time you want, don't push yourself if you cannot do. Know your limit, hard work in learning to trade, practising of what you learn, don't give up and never stop even if you lose. Make sure you can manage your money to trade so you can use some money as back up trading if the market is down like today. Don't complain if you cannot make a profit now because I believe that you can make a profit soon, just keep trying.

All of us have the same problem as you in the beginning, but if you can try trading, I am sure that you will get time to make a profit. Good luck.

Altcoins won't give you profits at least during this period of time where the market supports only Bitcoin.
You should better make better technical analysis and read charts thoroughly before making any decision.
If you do that you should probably  make some profits and your efforts would be rewarded, apparently.

Trading is a very systematic venture and in most time you will need to drive your own personal tools for trading and if you are involved in day trading with small capital then you always tend to spend your profits on exchange fees without making any thing out of it. I will advice you take some break off trading and limit you number of trading period to once a week or two.

I guess you wanted to make quick money in short time with minimum efforts. If you want to make some real money, you need to careful analyse market, make some technical analysis (not only with BTC, any other cryptocurrencies too), read news, read some investment books, make your own predictions, use a lot of indicators and more.

You have to live in crypto market to make real profit.

Its not that I Don't make profit Trading.... I make but it takes a lot time but the profit is so small maybe about 1-3% After 2-3 days.

That I Can't use that money for real, I Can't cash out I have to keep it in it Can Only grow by the time
But the profit is so small but the time and efforts i put in, a lot hours a lot Learning I been doing and Still I Don't make enough.

As for me trading is not for you. Unfortunately, any operations on the exchange included the payment of a fee. If you don’t understand such basic things, you should do something else.

It will do you good to get all this thinking out of your mind and don't used your experience to judge the realities. I have made the most part of my current wealth from Bitcoin and investing and trading cryptocurrencies! It is not trading or bitcoin or your capital that makes you rich but your knowledge and applications of that knowledge in profitable ways that do make you rich and wealthy! I started here from the campaign as a jr. Member in 2017, and today I am a profitable trader. I have never put in fiat into cryptocurrencies I only invest what I make from this forum and today I have enough capital that I am using in trading in about five different exchang

the money is on the screen . you can only see numbers but they arent fake because its a digital currency  . you dont need to force yourself to invest on other cryptos or tokens and no one has told you to invest on them  . if you want to earn in a safe way then you should only stick on bitcoin . on trading you dont also need to have a huge capital because small capital can do as long as you know what your doing  .  lastly , if you still hate bitcoin then why your here on a bitcoin forum ? asking this stuffs ? better if you can take a break for awhile to loosen your anger ,.

Were the same. I also gave up trading not because they are leeching the fees but because I felt that it is not for me. I always lose in trading and luckily I didn't invest too much on it.

I also focused on holding already Bitcoin and some altcoin. Long live the HOLDERS!!!!!

As a beginner on trading its a common thing to face this kinda situation. You should gather proper knowledge's about best trade able coins which are listed  on your desired exchange. Choose best coins which are stable enough to give you handsome profits from regular trading. Don't run after sudden price bump. On the other way you can pick some coins by researching their project carefully and invest your fund for long time.

For new traders long term investment is much better than day trading. At the very beginning honestly its slightly tough to make profits from day trading. After building necessary trading skills and experience day trading can be a good source for making profits but not in the very early days.

One of the main rules in crypto is to have patience,  or you don't look to have too much remaining patience. 😊

The easiest and less stressful way to earn some money in crypto is to buy a hardware wallet to be sure you won't remain without your funds overnight and hold your Btc for at least 2-3 years. Don't panic sell, don't verify the price too often and never invest in crypto more than you can afford to lose.

And that's the reality of life. As what I have learned from a movie, "Dreams don't come for free. Nothing comes from nothing." Same goes here in this community. If you want to earn cryptos, then you have to work for it. Also, there are other means of earning such apart from trading. Maybe you can try others which you find your strength and eventually grow with it. Trading may not be for you right now, but if you really want to pursue it, then you'll exert more effort to be better at it. Just take note the saying above.

I gave up on day-trading Alt coins, because the only people making money is the exchanges that are leeching the fees generated from these frequent transactions.    I even tried a financial service that specialized in Alt coin trading and it turned out that these services are just doing the same thing, by added their fees on top of the exchange fees.   

I am now more focused on long-term hodling of Bitcoin and a small amount of Alt coins with future potential that might give some good profits over time.   

I empathize with your frustration OP. However incoherently it may have been expressed, I understand and hear you.. ...

Most people who heard about Bitcoin in 2017-18, heard about it because of the stories of insane returns and 10X ICOs and free tokens. The intelligent amongst us realized quite early that you have to flip to fiat or BTC as soon as the scammy ICOs turned a profit. This category of people made a lot of money.
Sadly, A lot of us (including me) were awed by the promise of "Blockchain Technology" and ended up "believing" in the vision of some of these "World-computers" and "Smart contracts for Decentralized Finance" and all that shit... ..

I feel amused more than scammed that the idealist in me fell for these tech promises. Maybe I am amused because it wasn't really the idealist but the wannabe "investor" who secretly thought "Ahaaa..Here is the next "Apple/ Google" that I am "investing" in, (Smart Investor Me) that nobody else knows about. Now I just gotta wait till it explodes and I'll have my own story of 'trials and tribulations and being a visionary'.."
As shills and TG groups and Binance trading took over, we realized that it was not the technology but the bag-holding and bag-dumping at the right time that mattered most..

Now most people have realized that it is going to be just BTC. Most of what these "revolutionary" ICOs/ Alts boast of doing can be and will be done on BTC or BTC Sidechains at some point of time. The Alts will mostly die out retaining value only as long as the respective "Teams" have cash to burn or cash to raise from their own echo-chamber communities. So any of you hopefuls out there still searching for these "pearls" in the barren landscape of Alts, Do yourself a favor and realize that it has been picked clean.

The cycle of big BTC holders buying Alts leading to a push in their value so that the smaller "investors" can flip a profit is gone.

The present cycle has "smart ICO scammers" making up fluffy stuff that the "small investors" will buy up. They can then keep the money while the same "small investors" shill it for them. The "Devs" will just wind up shop and you will be left thinking, "Ohh well, at least i tried"..
This is all bewildering because it is all Legendarily-Fucked up..(It is only you who thinks it is actually the short form for L-UCKED UP..)

So, the best advice for people like OP and myself would be from majgul above:


Do some work or suck it up is that "its about bag-holding AND bag-dumping at the right time." Or else, Just stick to the Big Daddy, BTC.

the same way you make money with USD, JPY, CNY, ....

what did you expect? to become a millionaire by investing a small amount like $1?
it is the same in any other market. if you enter stock trading with a small amount you won't make enough to make it worth the time!

lol.
again you seem to have unrealistic expectations from the market! in this case the sell price can not be higher than buy price because it doesn't even make sense! the sell orders which indicate the price you sell at are others who are placing their order at that price. if they wanted to place a sell order higher than buy order price then they fill one of the buy orders and there would never be a sell order placed in first place.

trading is a hard thing, it is not just for bitcoin but generally trading in any market is hard. trading in these altcoin exchanges (trading altcoins) is even harder because altcoins are manipulated. it is not about "wealth" it is about having experience and then investing what you can afford to lose.

Trading is not for everyone.

Another thing is that trading will not always give you a profit, it still has its risks. Risk of losing and as a trader and investor you should know that cryptocurrencies especially Bitcoin is so volatile. If you don't know what you are doing better find other things you can do for you to earn money.

Like a normal person. Bitcoin is a cryptocurrency, and how do you earn currencies? You either start a business, get a job, or do gigs. In your case, if you really want to trade, either you suck it all up and try harder or do something else instead. Trading ain't for everyone.

You don't need to start with a few thousands at all. I've known people who started with just a few hundred dollars.

Exchanges are a business. For them to make money, then need to set up fees. Exchanges aren't a charity.

trading is a risky venture
overall, long term, it seems better to be hodl your btc versus trying to make a few satoshi's here and there
i let my trading bot do my actual trading, as i don't have time to trade manually non-stop, as i'm usually busy with school and 9-5 work.

Yep. He can get the real money by selling his bitcoin to fiat and send it into his bank account. Gladly, now we can buy something using cryptocurrency, and in the future, maybe we will see the more online store and offline store using cryptocurrency too.

He needs to know the right coins to invest, so he doesn't feel sick and tired. Maybe he needs to learn how to analyze first, so then he can select the coins. But if he follows what people suggested, then it might be the wrong decision because he doesn't analyze by himself and just follow.

It is difficult to know when is the right time, but we have a clue here. If he can see the coin can increase high or so high, that will be the best time to sell so he can make money with bitcoin or with altcoin. That is the hard thing that we must face, but we can learn that by reading more about trading.

Yes, efforts take the biggest part for every people. There is no step two before we pass step one. Although you only have little money to start, it doesn't mean you cannot make a big profit. Every people have a chance to get the profit from trading, but do we have the effort to try? That is the question.

I think that is because we cannot trade with the right, and we always make a wrong buy, so that will make us get lost. We need to fix the trading style we use, and maybe we need to break for a while and learn something else about trading so when we come back to trade, we can analyze better than before. That will give us more chance to make money.