Professionals traders' opinion! - page 3.

metalglowd

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

in this case all I can say is, it's better not to ever again, get hit by FOMO, because it is most likely why traders there instead buy expensive and sell cheap. Scalping may still be possible for trading at this time, but that also depends on the losses faced and the money you have for now

BitcoinHunt3r

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

i'm not professional, but i think people only buy bitcoin when it is popular, and they think they will get easy money from it, it is totally wrong. Even newcomers must know that investment is risky and they must know what they do when they loss their investment.

Bagaji

sr. member

Activity: 1330

Merit: 291

The best advise i will give you now is to buy more since crypto currency market value are very much low now. Although this advise may sound as if one is encouraging you to waist more money because you are currently at lost of the one you bought in January or last year, but that is really the best and rational advise in my opinion.

Edsemen

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Quote from: Rohtox on October 09, 2018, 01:53:05 PM

wow buying when january and february it is a high price i think it's better to hold it or if you want to take the risk of selling it and start trading again using the up and down prices. before learning more knowledge about trade so you don't lose anymore

Hold your coins and don't ever plan to sell it while the value isn't profitable yet. Be strong enough during the dumping stage of our asset, because you might not wonder in an exact time you'll be able to have the opportunity to sell during pumping periods.

Oilacris

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

Just follow on the Text you can read up on your signature which is "HODLER" if you are at loss.Then why sell? unless if you are in need of money then you wont really have any choice but
if you do have still the money to make investment then better hold and forget yet this market will definitely recover. Theres no need for an expert advise because even just a basic
hold would really be enough.

Rohtox

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wow buying when january and february it is a high price i think it's better to hold it or if you want to take the risk of selling it and start trading again using the up and down prices. before learning more knowledge about trade so you don't lose anymore

btcdevil

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Quote from: raven7886 on October 09, 2018, 10:09:50 AM

Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

The number one thing inexperienced people forget is to double down on your losses no matter what if you believe in it.
If you see bitcoin going to $20k and now at $6k and think it will be end of it than you can cash out your money and leave. However since you are here asking how to be better that means you still believe in it and you should definitely double down on it.

For example, if you bought $20k worth of bitcoin during $20k levels your bought price is $20k, if you buy another $20k worth while at 6k that means your average is $13k, if you buy another $40k at $6k that means it will be $9.5k which is quite close to profit as it is right now.

Now if you think "I do not have that much money" just change the numbers, don't make it $20k but make it 20 dollar who cares, and if you do not have any money after buying at $20k that means you bought more than you can chew, buy with certain amount of your bankroll all the time, never go all in.

What you told is the only option left for who ever bought on ATH as their is no other option left. Either average your buying price by buying more in current price or just leave it or just book loss and leave the crypto world.

raven7886

legendary

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

The number one thing inexperienced people forget is to double down on your losses no matter what if you believe in it.
If you see bitcoin going to $20k and now at $6k and think it will be end of it than you can cash out your money and leave. However since you are here asking how to be better that means you still believe in it and you should definitely double down on it.

For example, if you bought $20k worth of bitcoin during $20k levels your bought price is $20k, if you buy another $20k worth while at 6k that means your average is $13k, if you buy another $40k at $6k that means it will be $9.5k which is quite close to profit as it is right now.

Now if you think "I do not have that much money" just change the numbers, don't make it $20k but make it 20 dollar who cares, and if you do not have any money after buying at $20k that means you bought more than you can chew, buy with certain amount of your bankroll all the time, never go all in.

haroldtee

sr. member

Activity: 644

Merit: 299

Your mentality is the first thing you should work on. Most of the people that invested in this space when the market was in its peak was because they were looking for an avenue to get rich, they believed so much that the moon is kicking in and they ended up joining FOMO.

If you want to do well in this space, learn from your mistakes, and which by now, I expect those who have already made such mistake to know that accumulating the dips as an investor is usually the best way to go and if you do not have funds at least for now, to accumulate the dips, then you should just hold what you have. Read more about the space, understand the potential that is obtainable in the future and focus more on that future.

If you do not have a goal and a long term focus, the possibility of seeing your short term judgment weakened will always be there. Only if people can realize that Rome was not built in a day and all that is required of them is patience, even if they find it hard to understand why they have invested in the first place.

Ararbermas

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Of course accept the fact and keep holding don't become hopeless and frustrated. in fact there's a time for it to bullish just be patient . Because selling is not a good option especially if you have huge losses. Which is much better to buy some coin again if you have money that not needed to regain gradually your losses but of course at this point make sure you can gain profits rather than losing money again .

Mpamaegbu

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First off, there is a wall of difference between buying a crypto and trading it. What OP did was mere buying for hodl and not for the intention of trading. Of course, traders make profit or loss from any engaged crypto. But you only incur this when you sell. As long as you haven't sold, you don't make a loss.

The technique to buy for profit will at all time depend on your entry point. You get to know the right entry point from Technical Analysis. So get yourself acquitted with TA.

jrrsparkles

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

It is very late to think about minimizing the loss because it looks like the bottom level of bitcoin was reached so we can hold it all the way until the prices increase is the best thing an an investor can do for now.Or else he can increase his btc holdings by start experimenting with trading,I think btc to fiat is better to trade for the inexperienced traders since the prices is swinging at some range constantly.

Lakai01

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If you still hold your coins from January you are not a trader in my opinion ;-)
You have two options: sell at a loss or hodl and hope for a market turnaround.

Indrawan77

hero member

Activity: 1274

Merit: 516

Of course we need to invest again, if we invest in the wrong time then decrease the loss with more trade, if we give up in the middle of the road then for sure we lose the money and don't get any experience, but this time we need to be smarter and be more careful, losing money is the part of trading, and what counts is the end result not the beginning or in the middle

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

I'm not professionals trader but become expert is not easy and need high experience. We need to fix our mindset, everything begin from there and will end on the market. Believe in you, trust no one and keep practice is good step. The answer is simple, start again from beginning with know the risk. No need push hard to get profit, market can red but mindset should green.

Rahar02

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

~ many of us that buy bitcoin in January and February are still holding at loss. ~

Correct, the biggest problem regarding investing in cryptocurrency is to predict the peak and when it starts to fall, basically the right time to enter the market. It's not easy to do it right as many people predicting bitcoin will rise to $50,000 and high price in January and February is just a start. But if you see it carefully, bitcoin has started to fall sharply after reached its peak on December 17th, 2017, yet recover to $17K on January 7th, 2018 but then fell afterwards.

However, holding at loss is better than sell at loss, a right thing to do. Keep your bitcoin in cold storage for a year at least, or until bitcoin reach new ATH. Forget it for a while and starts over again with new funds. $5,900 was the lowest level for bitcoin in this year, consider $6K-7K range as the good entry point. Majority of coins at discount right now, feel free to re-invest, as the moment bitcoin rise again, other coins will follow.

Remember the rules:
1. Anything you have spent on cryptocurrency, consider it as a loss until proven otherwise, so do not spend more than you can afford to lose.

2. Be patient, profit doesn't come so quickly, sometimes it takes months or even years. So, keep your coins safely.

juperos

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Activity: 459

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Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

Be careful with these incentives. That may be the strategy of some sharks or that's just a joke. I have heard many opinions of professional investors but I have never had the desired profit. The number of times I'm losing is more than a profit! be careful.

renemagritte

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Activity: 235

Merit: 40

If/when bullrun comes, most solid coins (ether, neo etc.) will do 4-5x even neo can do 10x. Some new fresh blood coins will do 100x, you will see. But don't count on that, even this market is profitable.

I've learnt how bitmex and this kind of "leveraged long-short" exchanges. I earn some. If you can guess bullrun or bear, you can earn tremendous amount of money. (however you can lose that much too, bigger risk, bigger gains.)

If you wanna stay safe, just buy coins which did 1/10 from their ath. Neo, wan are some examples.

ylnar123

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Activity: 350

Merit: 10

Quote from: omonuyak on October 08, 2018, 03:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

Those who bought Bitcoin in January really is finding it hard to see their profit right now, but they should not get frustrated over the current market. It is not about making profit overnight but also in dealing with circumstances that this volatile investments has to offer.

markiz73

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Activity: 1190

Merit: 641

Most cryptocurrency has already lost much in price. I do not think that the ETH or Bitcoin will fall much down.
Bitcoin trading volumes are very low, it can mean that positions are recruited and the market can go up sharply.
In the near future an interesting event should take place in the cryptocurrency market.

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