Topic: My story so far (Read 1823 times)

I still think you made the right decision.  The worst part of it is that it really drops and there'd be zero profit for you and more losses.  Nobody could really predict this coins behavior so a profit made by buying low and selling high for me is still a win. 

I'm sure that many of the users have pulled their hair out because of the fact that they once sold Bitcoin at a cheap price, especially when they see today's high and the prices for Bitcoin. Some of us could become a millionaire today, but we found it necessary to sell our coins several years ago.

Hi just got in this world.

I made some money here and there mainly by selling stuff and what not. Grinding, playin some micro stakes poker (i dont like higher stakes then that, to serious and to many aholes that are purely there for money and not the game, but hey mayb ill get over that someday, its also the "lying" part of the game that i cant get really in tune with it seems at higher stakes. Side note )

Anyway. When i saw the oppurtunity of Binance, i was like hell yeah! Lets do this! Guaranteed winner! Dump that money on there! And... dumpin it was to this point. I bought in HIGH! 2.71 to be precise. FOMO for real.

As i see coins rising and missing out on them i start to become crazy. It drives me nuts. Here i am, wanted to take a chance. Now im stuck with an investment that so far only loses money.

I bought some more bitcoin to invest.

LISK everybody. Seems good. Seems nice project. Bought 168 of m at a price of 2.91.

Then i bought some ripple when it was going up and down. I made $60 on the first high. Selling when it was goin down. Then it had another low. I was like, its not getting any lower before it rises again. Well, wrong as most know... Break even. While bagholding 900 of m at this point. But im not worried bout them. Neither am i about BNB really, but... FUD bigtime nevertheless.

Then... i see Lisk starts dropping. From 4.15 to 3.60. Im not worried. I believe in the project. Then i start reading some more. I read, "there are much better projects then Lisk". Its doing the same as Waves but worse... bla bla bla.

Also, pump and dump spooks trough my head. Is this another one?.... could be... dont know.... i read some more: Lisk is a shitcoin, someone wrote.

I strat thinking...

it will so the same as ripple, it will drop and never go up again. Even more so, it will start dropping even more untill... its dead. Because "its a shitcoin"

That does it, im convinced! While my initial intention was to hold longtime. But together with all this and bnb price dropping hard i decided to sell to get at least a profit "cause its gonna drop anyway" its a "shitcoin" take that profit now while u can  says my FUD voice.. it will take some strain of that BNB investment  SOLD! for around $150 "profit"

Ooh what are they today?

Here i am. Seeing all these oppurtunities, yet im stuck in the hole.   I feel like an idiot. And i cant stand this, if only this, if only that. I hate myself feelings start to take a hold of me.

BUT... this is just a share. I know i will be fine. Its not money i cant afford. But... someone dropping a comment "Lisk is a shitcoin" did it for me. And im pretty sure it was because he wanted his prices to go up instead. And for me that is against my nature. Its my fault i let myself influenced by that, but looking back at it i think that was exactly the intention. So as i see... while loving crypto, i also see that there are also many  people here that DONT GIVE a FUCK about crypto, they are only in it for the money. Thats ok. I am very positive and what not, and it seems that is the overall tendency. But that doesnt mean u dont have to arm urself against negative people. Which is what im gonna do. I was very enthousiastic, but because of these negative people once again i cannot fully express that because i have to protect myself against them One day...
 

Nearly all those here started back in 2009 or 2010 and didn't show up late to the party, so that means that most of us on here had and either sold, spent, burnt, whatever, a good number of coins when the price was low, $60 or less. No one here, except for those new guys that never read the internet, is unfamiliar with early price coin issues and mistakes of that nature.

It's part of trading brother. It happens with the best of us and I have been there too. It was during the beginning days of my trading when I made many mistakes similar to yours. I bought coins and then FUD made me sell my coins. I was a complete idiot those days thinking that the coin won't recover back but just as i sold the coins the price started to increase. I have quiet a few experiences which made me believe that coins do recover at some point of time and its just a matter of time. The only thing to do until then is HOLD.

You do the right thing, I think it's important to do stop loss. stop at a large loss percentage. 10% loss then buy back at a low price. that's another strategy that most traders use.

the most important thing in trading is that you have to have a reserve fund to handle the losses you experience when the price of a coin falls.
Remembered my friend said "do not put all your money to invest in altcoin and bitcoin".

Hi just got in this world.

I made some money here and there mainly by selling stuff and what not. Grinding, playin some micro stakes poker (i dont like higher stakes then that, to serious and to many aholes that are purely there for money and not the game, but hey mayb ill get over that someday, its also the "lying" part of the game that i cant get really in tune with it seems at higher stakes. Side note )

Anyway. When i saw the oppurtunity of Binance, i was like hell yeah! Lets do this! Guaranteed winner! Dump that money on there! And... dumpin it was to this point. I bought in HIGH! 2.71 to be precise. FOMO for real.

As i see coins rising and missing out on them i start to become crazy. It drives me nuts. Here i am, wanted to take a chance. Now im stuck with an investment that so far only loses money.

I bought some more bitcoin to invest.

LISK everybody. Seems good. Seems nice project. Bought 168 of m at a price of 2.91.

Then i bought some ripple when it was going up and down. I made $60 on the first high. Selling when it was goin down. Then it had another low. I was like, its not getting any lower before it rises again. Well, wrong as most know... Break even. While bagholding 900 of m at this point. But im not worried bout them. Neither am i about BNB really, but... FUD bigtime nevertheless.

Then... i see Lisk starts dropping. From 4.15 to 3.60. Im not worried. I believe in the project. Then i start reading some more. I read, "there are much better projects then Lisk". Its doing the same as Waves but worse... bla bla bla.

Also, pump and dump spooks trough my head. Is this another one?.... could be... dont know.... i read some more: Lisk is a shitcoin, someone wrote.

I strat thinking...

it will so the same as ripple, it will drop and never go up again. Even more so, it will start dropping even more untill... its dead. Because "its a shitcoin"

That does it, im convinced! While my initial intention was to hold longtime. But together with all this and bnb price dropping hard i decided to sell to get at least a profit "cause its gonna drop anyway" its a "shitcoin" take that profit now while u can  says my FUD voice.. it will take some strain of that BNB investment  SOLD! for around $150 "profit"

Ooh what are they today?

Here i am. Seeing all these oppurtunities, yet im stuck in the hole.   I feel like an idiot. And i cant stand this, if only this, if only that. I hate myself feelings start to take a hold of me.

BUT... this is just a share. I know i will be fine. Its not money i cant afford. But... someone dropping a comment "Lisk is a shitcoin" did it for me. And im pretty sure it was because he wanted his prices to go up instead. And for me that is against my nature. Its my fault i let myself influenced by that, but looking back at it i think that was exactly the intention. So as i see... while loving crypto, i also see that there are also many  people here that DONT GIVE a FUCK about crypto, they are only in it for the money. Thats ok. I am very positive and what not, and it seems that is the overall tendency. But that doesnt mean u dont have to arm urself against negative people. Which is what im gonna do. I was very enthousiastic, but because of these negative people once again i cannot fully express that because i have to protect myself against them One day...
 

Demo trades could really help you out to train yourself which is good but when it comes to psychological aspects demo trading is different on actualt live trading which you can actually tell the difference on the pressure that it gives.This is why emotions is the most common enemy on trading field.If you cant able to control such thing for sure you would really have a hard time to do profitable trades.

Yes, trading as a newbie will set in emotions  I.e fear and panicking  to become a good trader you have to train yourself on psychological aspect of trading, there are a lot of  ebooks and YouTube videos on those aspect.
More so, there are some trading platforms that encourages a newbie to demo-trade I.e using virtual coins to trade until you started making profits consistently thereafter you can invest and always trade with the amount of investment you can afford lose e g 10% of total investment.

if you can share your skill mate I'm also willing to learn and earn from your advise, I think its always depend on how far we can go and how much risk
we are willing to take, there's a lots of struggles and downfall but if we are willing to take everything and allow our self to experience that kinds of
situation then we will be able to gain.

Trading is like planting a tree, you cannot expect a fruit from a newly planted tree. How about investing from a good coin, and get back on it after few months?

I started in Forex (Whaleclub, Simplefx), then I lose a lot of money. Stay away from Margin trading. Start to learn the basic of chart reading, it can help you when to jump in or when to exit.

It's part of trading brother. It happens with the best of us and I have been there too. It was during the beginning days of my trading when I made many mistakes similar to yours. I bought coins and then FUD made me sell my coins. I was a complete idiot those days thinking that the coin won't recover back but just as i sold the coins the price started to increase. I have quiet a few experiences which made me believe that coins do recover at some point of time and its just a matter of time. The only thing to do until then is HOLD.