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Topic: Lost money both on recent rice and fall lol - page 2. (Read 1198 times)

full member
Activity: 220
Merit: 110
I feel your pain. Some tips:

1. Learn to read charts, this is vital. I made the mistake countless time of buying at the top of a rally and ended up as a bagholder. There was a sell signal somewhere at 740 USD.

2. The markets do not care about you or your perception. If it proves you wrong, you have to be flexible and sell.  BTC and Altcoins are controlled mostly by whales.

3. Most BTC volume originates from China, they don't care about Brexit.

member
Activity: 84
Merit: 10
you got whaled
sr. member
Activity: 420
Merit: 250
Thought recent price rise due to halving and brexit was a sure thing and bought Bitcoin @ $775. The market crashed right after, people said due to Britain predicted to remain. Than in order to recover shorted Bitcoin thinking it will surely fall,  but it did the exact opposite, it rebounded even before the announcement of brexit??  Grin . I was further tempted to buy bitcoins but having been burned twice this week,  decided to stay put, but Bitcoin coin price instead of rising falls  a little ?  I now have learned trying to play the market is foolish.

All prices are factored in before little investors like me are even aware. By the time we get the news it's too late and will only be buying losses.  Better to just hold the coins you believe in and forget the market. It's too smart and has leverage to magnify and small gain or loss to their advantage.

Or maybe I should just do the opposite of what I think is logical  Huh

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