Its not so Easy to lose in crypto trading and btc - page 2.

Sterbens

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Quote from: tsaroz on April 07, 2021, 11:24:45 AM

And when you are on margin/leverage or buying timed shorts and longs. They do increase the chances for huge profit but are likely to lose you your money tha while investing with you own money. When you buy a coin with your own money, you would be more comfortable while you are taking loses as you know, the prices could rise some day and you just needs to hold on till that. That won't be possible if you are trading with borrowed funds.

I would add, don't use borrowed money from the bank, it really won't turn you into a trader, there you just look like you're being chased by flower collectors every month. then trade by buying and leaving for a long period of time. buy and forget, save for the future.

bobyhodob

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always a lot of people who are consumed by Fomo because they always see those who share people who are already famous but after I thought for sure the person who shared it had bought a lot before and just shared it, finally there was a high pump

tsaroz

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And when you are on margin/leverage or buying timed shorts and longs. They do increase the chances for huge profit but are likely to lose you your money tha while investing with you own money. When you buy a coin with your own money, you would be more comfortable while you are taking loses as you know, the prices could rise some day and you just needs to hold on till that. That won't be possible if you are trading with borrowed funds.

Mr.007

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therefore buy during correction and don't be easily consumed by Fomo, find out the truth of the project first before buying it in order to reduce the loss factors

Alert31

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Quote from: cryptoboss2020 on April 06, 2021, 11:33:55 AM

Only way and most way are :
You buy fomo and sell at correction.
Thts the biggest way to lose.
Also if you buy btc with any lower times any red day then youll just wait until you get better price to sell it.
Dont invest what you can not afford to lose but invest what is small money enough for you( and you r not depend on it) that you can wait until you brake Even or profit.
Otherwise its quite difficult to lose.

If you don't have patience and enough knowledge about trading, it will surely bring you in many loses. Another thing you will lose in trading if you trade a coin which doesn't have a good future that's why it's important to choose the right coin to trade. In trading good timing to buy and sell is also necessary, so learn the graph and price movement carefully. Don't rely on Fomo or through the words of others. Use your own strategy!

acener

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Well it is easy for those who are just picking randomly and buying the one who is being pump.
It isn't easy for some of us trading takes time,experience and knowledge and for some they are too eager to learn all of it so they would just jump in.

Smartvirus

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This is why most persons have faith in the saying which goes 'Cryptos are for hodlers'. There is even a topic about this and it goes a long way in explaining how your in the advantage of in the clear if your willing or ready to hodl your coin.
This is when considering only one aspect of crypto investiment and that is trading. In trading, you can vary loose crypto if you have the luxury of time to wait on your investment. Its the main determinant for a failed investment and that is, if you don't buy at the pump and sel at the dump. Cryptos can be easily lost when you aren't careful enough to observe certain rules and that is;

* Sending cryptos to the right address
* Not confirming the address your sending crypto to
* Sending crypto to the wrong wallet
* Hacked exchanges
* Investing in scam platforms and
A lot of other means.

Fesatmas

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Quote from: tabas on April 06, 2021, 04:52:45 PM

It's majority of the investors mistake to buy at highs and sell at the corrections. But if you keep repeatedly doing that mistake, the mistake is in you and you don't notice it.
Once is enough for that mistake and you're going to be wiser the second time you trade and hold it. Honestly, it's easier to lose than to make if you're not learning the lessons that has passed through your experience.

Trading principles like that, nowadays we find it more and more frequent and very massive among new traders, witnessing prices that don't know their history, they are usually carried away by FUD from social media about the increase in bitcoin. . but in fact the panic was very out of control.

Maslate

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Do we here just to lose our money for the scammers and by mistakes if making bad decisions? Maybe we are wrong about that because it is not a reason why we are here and why we spend time knowing crypto and Bitcoin. I don't feel the sense of doing this, not really.

Because if we are here just to experience losses, we better not waste our time knowing crypto in the first place. Much better to hand over your money directly to the scammers. We are here for good reason and that because we wanted to grow our money and that is why we need to to avoid anything that could ruin our plan.

mezzaluna

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Its true that its not easy to lose but if someone is/are the type of person that tends to lose patience, Cryptocurrency Trading is not the type of thing you should do in this industry. There is just so much to lose and gain in that type of situation since you will be needing to learn and study different kinds of token economies and look for the perfect opportunity to join the ride when those Cryptocurrencies are pumping. Fomo'ing is a good thing but you need to make sure that the Cryptocurrency you will be Fomo'ing has a big community.

isaac_clarke22

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Quote from: cryptoboss2020 on April 06, 2021, 11:33:55 AM

~

I fomo'd back in the days, but that was like 2 years ago already.
Just put your mindset into investing when you have the extra money to do so.
Don't just go invest whenever opportunity comes even if you are almost financially down.

bakasabo

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"its quite difficult to lose" ? Just give me your private key or access to your exchange account and I will show you how quickly I can turn your balance into dusk. After 3 years in cryptocurrency trading, I think I lose more than earn. I could say that I have a black belt in unsuccessful trading. (But I'm good at holding only

)

cryptomaniac_xxx

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Quote from: cryptoboss2020 on April 06, 2021, 11:33:55 AM

Only way and most way are :
You buy fomo and sell at correction.
Thts the biggest way to lose.

This has been preach many times in this community and yet many still fall for this specially newbie investors.

Quote from: cryptoboss2020 on April 06, 2021, 11:33:55 AM

Also if you buy btc with any lower times any red day then youll just wait until you get better price to sell it.
Dont invest what you can not afford to lose but invest what is small money enough for you( and you r not depend on it) that you can wait until you brake Even or profit.
Otherwise its quite difficult to lose.

Timing and patience is the key, wait for the price to at least go on a correction. But since we are in a bull run, people are still going to buy though. But in a bear market, it could be different strategy, but cheap and then wait and hold.

Lorence.xD

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If it is not that easy to lose money in cryptocurrency then how come a lot of traders based on statistics suffers losses though? There must be an explanation to that.

Quote from: ?? on ??

The biggest reason some people lose huge amount of money or even all of their money is that they invest into altcoins that they have no idea about it. I always say, "Don't invest in a crypto which you don't know anything about the project". Because it has no difference than gambling with your money.

Although I feel bad that they lose a lot of money in investment, I think that this is a retribution for not doing research when it comes to investing and I would add that you should've gambled your money instead of just investing into something that you have no idea.

Yamifoud

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Quote from: cryptoboss2020 on April 06, 2021, 11:33:55 AM

Only way and most way are :
You buy fomo and sell at correction.
Thts the biggest way to lose.
Also if you buy btc with any lower times any red day then youll just wait until you get better price to sell it.
Dont invest what you can not afford to lose but invest what is small money enough for you( and you r not depend on it) that you can wait until you brake Even or profit.
Otherwise its quite difficult to lose.

I'd found another way, just join the pump and dump group...they will help you to spend everything you have.
I hope people would clearly understand the risk of trading and they should have to spend time studying this. We need to gain knowledge because that is the only tool that could help us to make a good decision.
If we don't want to lose everything we have, then we should extend our effort make research, listen to other's advice, and never be in FOMO.

tabas

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It's majority of the investors mistake to buy at highs and sell at the corrections. But if you keep repeatedly doing that mistake, the mistake is in you and you don't notice it.
Once is enough for that mistake and you're going to be wiser the second time you trade and hold it. Honestly, it's easier to lose than to make if you're not learning the lessons that has passed through your experience.

GeorgeJohn

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Quote from: cryptoboss2020 on April 06, 2021, 11:33:55 AM

Only way and most way are :
You buy fomo and sell at correction.
Thts the biggest way to lose.
Also if you buy btc with any lower times any red day then youll just wait until you get better price to sell it.
Dont invest what you can not afford to lose but invest what is small money enough for you( and you r not depend on it) that you can wait until you brake Even or profit.
Otherwise its quite difficult to lose.

I agree with you because investing on what you don't have the perfect knowledge or basic knowledge is not really ideal because it can lead to negativity in life or negativity in area of concentration, now some people buy coins at cheaper rate which is approximately when the coin is low and immediately the coin rise they have to sell to make profit, so I would have prefer to purchase and hold for long time so that the profit will come in surplus form, and i noticed that people always perform these, that after purchasing a coin with higher rate and the coins happen to decrease in price, some people rush and sell, which is bad, if you buy a coin and the coin go down in price, if their is a spells money purchase more and hold because definitely it will rise again.

Sterbens

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and precisely do not use the necessary money in sufficient daily needs to invest, it will really disturb your trading mentality, where you will be required to immediately exchange crypto for money when the price looks red.

use money that is safe to store in the long term. but apart from bitcoin, which crypto to choose when it's all green and we don't want to be left behind in the market?

cryptoboss2020

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Only way and most way are :
You buy fomo and sell at correction.
Thts the biggest way to lose.
Also if you buy btc with any lower times any red day then youll just wait until you get better price to sell it.
Dont invest what you can not afford to lose but invest what is small money enough for you( and you r not depend on it) that you can wait until you brake Even or profit.
Otherwise its quite difficult to lose.

Topic: Its not so Easy to lose in crypto trading and btc - page 2. (Read 305 times)