Topic: Lost of my capital has made me to have a change of mind about Bitcoin . (Read 493 times)

If he still can't trade well, it's better for him to buy and keep bitcoins. At least I used to have experiences like him.
At that time, I had bought bitcoin but when I wanted to sell, the price dropped again and I was worried that if I sold it, I would make a loss. So I kept it for a while and bought it again once it really stayed at a low price.
After holding it for several days, the price of bitcoin rose again, and that's when I sold the bitcoin I bought first.
You can't always sell bitcoin immediately after you buy it. Often, you need to wait days before you can sell the bitcoins you bought.
But if you don't dare to trade, you don't need to force yourself to do it. Another option is to buy and hold the bitcoin until the price reaches ATH, and then you can sell it.

There is no doubt that you can lose your value if you start trading bitcoins from now on. Becoming a Bitcoin trader requires certain knowledge and techniques. In that case training is essential and emphasis needs to be placed on providing proper guidance and support to new investors at the initial level. If you have extra money you can take a trading course and learn how to invest as a new trader. If your greed for getting rich quick is rising in your mind, then be prepared for the destruction of the trading world. I think you need to choose a right method, you can get the best future price with bitcoin hold as the best strategy to trade without losing your initial capital.

From your presentation, at least the candlestick Bible is your basic capital in trading where the pressure due to the feeling of wanting to buy quickly and in a hurry is definitely reduced from previous habits.

So, if you want to be safe in trading, combine your trading style with what you learn. Place a bid price exactly as in the guide then set the sale at the price you want, whether your time limit is 4 hours or even a week is up to you. The important thing is not to mess with your brain any more. Just wait for your coins to change into USDT again. Just repeat this style over and over again, I'm sure the capital will not be lost, the asset estimate will increase.
     

What you did was day to day trading of Bitcoin, not advisable because of the risk involved. I feel no matter how good and experienced you are trading there must still be room to entertain looses, the trading market is unpredictable not what you plan might be the outcome sometimes it becomes the opposite. Well some people usually see profits from those trading but nothing should be compared to the idea of BUY and Hold.
If you are well patient and want to make profits from Bitcoin buy Bitcoin at this point in price where we still experiencing the DIP and Hold till we hit a new ATH.
There is every tendency of making better profits from Holding as long you won't alter or panic and sell when the price drops, you need to understand the volatile nature of Bitcoin and even keep accumulating bit by bit because there Is no risk factor involved.

The main reason why beginners try to trade is that they have a very small deposit. And even if the price of Bitcoin increases several times, it will still turn out to be a very small amount that cannot improve its financial situation in any way. Therefore, they try to increase their deposit by trading, violating all the rules of risk management, which eventually leads to its complete loss.

It cannot be denied, there are many beginners out there who want to make money by trading Bitcoin even though their knowledge is still very minimal about Bitcoin and trading, so that in the end they lose and leave Bitcoin trading activities.
Bitcoin trading is not something that can be learned in one night, one month or one year, it takes a long time to be able to master Bitcoin trading well, so consistency is a very important thing in Bitcoin trading, if you still use the hit and run method, then you will fail.

Honestly what you experiencing is very normal and as a trader have got to a phase where I thought my strategy wasn't good enough and almost gave up altogether, but like they say practice makes perfect and this could be the case here... Keeping looking at more charts and sooner or later you will crack the code and increase your winning chances!!

Btw, just so you know when it comes to trading, you won't always win and the sooner you understand this the better your trading journey will be .

Like I said earlier, losing is part of trading it's just a matter of getting your trading psychology right and practice good risk management to protect your capital.

Welcome to the community and of course the same welcome to the newcomers we highly recommend reading those pinned posts in each thread, Based on your content you have now knowledge in the Bitcoin trading charts and technical analysis, so why not take a look to our Trading Discussion board this contents a lot of information how to make a trade, tips, lessons about different strategies and of course the experience of other traders with their wins and lose trades.

First of all,  it is not recorded anywhere that after reading or studying your candle stick you can't incurred losses.  Trading is a thing of the mind,  sometimes your mind might tell you to trade and maybe at that point in time the market is about to experience bullish and believe me after making profit, you will began to think you are good, you have arrived,  you are an expert,  NO: it is what was about to happen and sometimes reverse maybe the case and you began to feel less of yourself,  discourage etc.  Trading is patient,  you can't be perfect in trading because even the best trader in the world also incurred losses but it is not equivalent to its profits

perfectly i am at the right place to learn because the guidance here is very superb and educating ,i have seen series of threads that will not only teach you, but will also make you realize that knowledge you seek outside is been discussed here in details and politely . The forum (bitcointalk) has actually taught me  alot this few months that i joined the forum because every aspect of bitcoin is detailed here and that gave me the opportunity to tap from the ocean of knowledge from some knowledgeable crypto experts here  who are crypto pundits.

you are in the right place here you can ask about btc and other crypto.

you need to know that I am still in the learning stage, but I always read posts by great people on this forum and of course there are many benefits for me.

and I'm just giving advice and my experience in trading on BTC, before trading of course you have to be prepared for the risk if a loss occurs, and of course in trading you have to use money that is ready to be lost so that your mentality is maintained. But if you Trading in BTC, of ​​course it can be called safe because BTC is different from altcoins, for altcoins the movements are very difficult to predict and sometimes the price can be destroyed, but for BTC, of ​​course it has the potential to have a good future, for example now the price of BTC has started to recover and For those who don't panic sell, of course their capital is slowly starting to return.
and in my opinion BTC is very suitable for long term investment, but short term it is also possible as long as we have good trading techniques. and you must be able to manage risk.

op you have to keep exploring insights, don't give up, do research and be yourself.

 There's no perfect strategy in trading that will free yourself from initial losses. Note that trading has always been never easy so its already given that once you trade as a beginner, you will definitely lose your capital in the first place. This is the reality when you trade, you will never trade for quick profits but its more on exposing yourself to your initial losses. But losses should not be your barriers when trading, but lack of knowledge and skills are.

This is the reason why trading is not advisable for beginners, because aside that you will experience frequent losing, your emotions are not stable yet and controlling it is still impossible. But as you expose yourself into trading more often, the more experience you will gain, the more tips and lessons you will earn.

As a newbie, why should you choose trading to start with your Bitcoin journey when you should know that as a newbie, you have to limit your risk level and for that to be achieved, you have to look away from risk investments and also stay clear from trading, and gambling with the price of Bitcoin.
The best possible position to stand for is to buy Bitcoin and hold it in a personal wallet because that is the only way to increase your chances of profits but only in the long term goal and perspective,  and while you are at that, you should keep building and gaining knowledge about the entire community.

Every beginner who thinks that trading has no risk can be sure that they are only listening to the many profits obtained by those who already have good experience in the trading they do, but this is certainly very wrong if the reason for starting trading for every beginner is a lot of processes. that they have to go through to be able to gain profits from trading.

It takes a lot of experience to be able to make us successful in trading and we must be able to learn from the failures we have made in trading and improve them to make better trades.

The wrong idea that beginner traders always have is that trading is an easy activity and has no risk at all ^{(it's just an activity of buying cheap - selling high)}.  The reality is that trading is not an easy activity, trading also involves psychology, analysis and skill, there is not a single trader in this world who has a 100% win, they definitely lose ^{(i also lose quite often)} but that is what makes them survive. is that their winning percentage covers the percentage of losses they experience.
you are undergoing a process of becoming a good trader, make all kinds of experiences you get a valuable lesson, continue to hope for your skills and abilities, don't let failure at the beginning make you withdraw from trading activities forever, however if you give up it will be in vain everything you have done, including the initial capital you used when starting trading.

The higher the reward you pursue in crypto space the bigger the risk, if you are a beginner for real and you have interest in trading why not start with spot trading? The chances of losing money in spot trading is very low, you just have to buy low and sell high, it takes time and it's less profitable unlike futures and leverage trading where you can use multipliers to make insane amount and this multiplier is also the problem because you can also get wiped out in a second.

Too risky for a newbie, and that is why investing your money in Bitcoin and holding is the most relaxing thing you can do for yourself, the hard part of holding is...

1. If you fail to keep your recovery seed and someone steal your bitcoin, you can avoid this by getting a hardware wallet instead which is more secured than other crypto wallets.

2. If you use the money that you will be needing very soon to invest in Bitcoin you might end up selling at a loss, because when the real time comes because might already be lower than the price you bought it and you just have to sell because you need the money.

Do not invest with money that you will need in some months later, we don't know what the price of Bitcoin will be then, it can be higher and it can be lower, so always invest with money that you can ignore for a very long time, like a year or two from this moment.

Investing in Bitcoin is better than trading, lack of knowledge is what's trying to make you quit from Bitcoin, trading is another thing entirely, and you need to learn to understand trading.

I think what affected you was how you view the whole trading and it is not working the way you think, man, because you expected a huge amount of money after you did a little research about trading and you think you have already gotten to understand everything without going for more research. You decided to trade, and you now think that since you have already understood, you will need a big amount of money to start it, which is why you are now panicking. Why did you use the amount you cannot afford to lose? If you used a small amount for a start, we could have said at least they will guide you more. However, ask your friend who is introduced to the crypto space how things work for investors and cryptocurrency traders. People don’t expect too much here; we believe in how the market favours us at that time.

So what affected you was that you don’t ask questions before you take action; you only learn small and think you can earn a lot. That is not how it works; you need to put in more effort so that you will succeed. However, I can see that you are not here for trading, so for you to know much about trading, you can compose some questions and ask them in the trading discussion board. I can see that you are looking for a way to know more about trading, but note that losing in trading is natural; you must lose whether you like it or not. As far as you will trade, you must lose.

You're on the right track. You did research that will help you, and as a newbie, you did download some apps that will help you understand trading. You undergo this kind of stress, and all of us experienced it as well.
You know what's the problem with you? YOUR EXPECTATION.

You expected so much that you think that you will gain profit because you got stressed doing some in-depth research. It doesn't work that way OP. If it's that easy to gain profit in trading, all of us must've been rich by now. You expected that if you will spend some time doing research, and go trading, you will automatically gain profit. That's how the game works OP. Now you understand how hard it is to gain profit through trading. You did do some research, but I guess it isn't enough. If you really want to be a successful trader, spend more time, and learn more.

The best strategy to trade without losing any capital? There's NONE. If there is, like I said all of us must've been rich by now. In investing, there's no such thing as "GUARANTEED PROFIT". Trading is considered investing, and in investing, there are no guaranteed profits, so there will be times that you will incur losses. Unfortunately, no one will give you the "BEST STRATEGY" that you're asking because there's no one existing.

One of the most tempting factors for traders who are just starting to trade Cryptocurrency is because the value can increase by hundreds of percent without any limits. However, the profits that can be obtained are commensurate with the risk of loss due to an unlimited decrease in value when trading crypto. As a result of crypto assets being very volatile, you could make a profit or, on the contrary, lose a large amount.
Every trade and investment has its own level of risk, now the most important thing is that you need to be more careful in trading to reduce or even prevent possible risks.

best strategy is very easy: buy and hold. Buy as small packages (like each month?) or buy just one stake all in one....
here the not easy part... wait some years? maybe more? but meanwhile try to understand as much as you can about this technology.
it helps a lot in your everyday life... there is no second best