Your loss isn't caused by the supply of bitcoin or demand. Your loss is caused by you if you have done a mistake in trading.
You probably have sold earlier or you have bought due to FOMO.
Topic: Put this in your mind as you begin trading - page 2. (Read 292 times)
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This kind of reminds me of those ads in Google.- The person searches for a wallet using a search engine, clicks on the first link in the results and becomes a victim of a fake wallet.
I even remember someone reporting in here about the fake Blockchain site being advertised in the first page of the results of Google.
Call me paranoid, but I tend to check those trading sites I traded back then through a domain checker tool.
Successful trading with anything requires the trader to have the knowledge, experience and a high level of self-control. For me, these are the most important things - although there are certainly more that experienced traders can mention. Trading Bitcoin or cryptocurrencies in general is very risky, not only because of the market, which is really unpredictable - but also because of the security factor which means that a person knows the basics of what he is trading with.
Take the example of a person who has successfully bought a BTC on a crypto exchange, has mastered the basics of trading and makes some profit over a period of time. At one point, there is information that it is not wise to keep all the crypto online, and that person downloads some non-custodial crypto wallet and transfers part of their funds from the exchange to that wallet. Let's ask ourselves what can go wrong?
Trading is only part of something much more complex, but although some manage to profit in this way, it should be known that some research shows that only 5% of people manage to make a profit in the long run. The data may be discouraging, but that’s why we have a golden rule that we should never invest what we’re not willing to lose.
Take the example of a person who has successfully bought a BTC on a crypto exchange, has mastered the basics of trading and makes some profit over a period of time. At one point, there is information that it is not wise to keep all the crypto online, and that person downloads some non-custodial crypto wallet and transfers part of their funds from the exchange to that wallet. Let's ask ourselves what can go wrong?
- The person searches for a wallet using a search engine, clicks on the first link in the results and becomes a victim of a fake wallet.
- The person avoids a fake wallet, successfully transfers their funds to that wallet - but on the first transaction discovers that something is wrong - a surprise, greetings from clipboard malware.
- A person avoids the first two situations, but saves the backup using his e-mail or keeps it unprotected as a regular document on a PC or a piece of paper on the desktop - it's only a matter of time before the backup is compromised.
Trading is only part of something much more complex, but although some manage to profit in this way, it should be known that some research shows that only 5% of people manage to make a profit in the long run. The data may be discouraging, but that’s why we have a golden rule that we should never invest what we’re not willing to lose.
Everyone knows that Bitcoin is famous and fastest growing
Cryptocurrency and many have gained in investing in Bitcoin
due to the value it has .
But Bitcoin is not about gaining and having more profits too,
Sometimes there may be loss due to supply of Bitcoin and the
demands by the market and other factors.
Just have at the back of your mind that the price can drop at
any time without any notice. So you have to this very
phenomenon of Bitcoin.
It is not making more earning at times, and as a trader you have
have to build your emotion to welcome challenges in tough time
when their is loss.
Cryptocurrency and many have gained in investing in Bitcoin
due to the value it has .
But Bitcoin is not about gaining and having more profits too,
Sometimes there may be loss due to supply of Bitcoin and the
demands by the market and other factors.
Just have at the back of your mind that the price can drop at
any time without any notice. So you have to this very
phenomenon of Bitcoin.
It is not making more earning at times, and as a trader you have
have to build your emotion to welcome challenges in tough time
when their is loss.
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