You are right but if they have the determination and knowledge and they won't experience the same fate that most newbies do. Of course, they can loss at the start and on the later trades but its important that they are learning and then when they already familiar with the market then I think they can now make profit. And for those newbies who always lose, instead of quitting I think it is better for them just to HODL.
Determination is a huge game changer for most of the people. Even though you are losing a lot of money or losing hopes for continuing what you are doing but if you have determination, it will light up the fire in your heart and you will become inspired and motivated again and that is why we should identify why we are doing what we are doing.
Topic: Quit cryptocurrency trading its not for you! (Read 3864 times)
You are right but if they have the determination and knowledge and they won't experience the same fate that most newbies do. Of course, they can loss at the start and on the later trades but its important that they are learning and then when they already familiar with the market then I think they can now make profit. And for those newbies who always lose, instead of quitting I think it is better for them just to HODL.
Determination is a huge game changer for most of the people. Even though you are losing a lot of money or losing hopes for continuing what you are doing but if you have determination, it will light up the fire in your heart and you will become inspired and motivated again and that is why we should identify why we are doing what we are doing.
You are right but if they have the determination and knowledge and they won't experience the same fate that most newbies do. Of course, they can loss at the start and on the later trades but its important that they are learning and then when they already familiar with the market then I think they can now make profit. And for those newbies who always lose, instead of quitting I think it is better for them just to HODL.
Trying to balance things is all it takes remember that you are actually trading with real people and everyone is trying to make money off it and that greed can actually swallow you whole if you are not carefully executing your hustle well
Over the past one year or so, many people have plunged into crypto in the hope that they would become rich quickly. They heard that some people became rich quickly during the 2017 bull run and they want to try their luck. As they didn't bother learning crypto trading, so instead of getting rich they lost all their funds.
In 2017 so many people have become rich because of trading, trading is about luck, skills and knowledge we should know this, as learning in trading should never end because as you said some people lost money because they did not move on right path and at the end the suffer, but those who took wise decision for not panic selling have become milliners.
We don't have the same path. Though i may experience some unlucky moments with my trading, but despite of that I was being pushed with my passion and I am very serious in achieving success in trading. Now I am not a loser and already gaining enough income from trading.
Passionate about trading? Looks interesting but in trading there is no guaranteed success even if you are more skillful and giving all your efforts because your profits mainly depends on the mistakes of other traders. Over the past one year or so, many people have plunged into crypto in the hope that they would become rich quickly. They heard that some people became rich quickly during the 2017 bull run and they want to try their luck. As they didn't bother learning crypto trading, so instead of getting rich they lost all their funds.
In 2017 so many people have become rich because of trading, trading is about luck, skills and knowledge we should know this, as learning in trading should never end because as you said some people lost money because they did not move on right path and at the end the suffer, but those who took wise decision for not panic selling have become milliners. 
Being impatient with trading cryptocurrency is one of the sign that you are really not for trading. Being patient is not only applicable to investing but also in trading. You should always be ready to accept mistakes that you will make along the way of trading, you should be professional enough to accept those things and implement the lesson to yourself so you will become better you.
That demonstrate your lack of discipline, every day is not a good market, there are timing that is necessary for a trader to take in order do the right action. You make mistakes then you learn from it, if you aint improving then trading is simply not for you.
It's profitable to trade if you have the skills, if not you'll loss your time and money in the process.
Being impatient with trading cryptocurrency is one of the sign that you are really not for trading. Being patient is not only applicable to investing but also in trading. You should always be ready to accept mistakes that you will make along the way of trading, you should be professional enough to accept those things and implement the lesson to yourself so you will become better you.
Over the past one year or so, many people have plunged into crypto in the hope that they would become rich quickly. They heard that some people became rich quickly during the 2017 bull run and they want to try their luck. As they didn't bother learning crypto trading, so instead of getting rich they lost all their funds.
We don't have the same path. Though i may experience some unlucky moments with my trading, but despite of that I was being pushed with my passion and I am very serious in achieving success in trading. Now I am not a loser and already gaining enough income from trading.
Cryptocurrency trading is for everyone, but if you complaint most of the time because you always loss your coins or capital, and giving any FUD about it, it is actually good for you to leave this field of business instead of giving negative feedback in crypto, which is not good habit as one of the community here.
Well that basically means it's not for everyone. There are people who are not capable of detaching themselves from certain situations that needs detaching, like trading. These people would eventually end up giving in to panic or starting one and would lose a lot of money in the process. So better stay out.
Cryptocurrency trading is for everyone, but if you complaint most of the time because you always loss your coins or capital, and giving any FUD about it, it is actually good for you to leave this field of business instead of giving negative feedback in crypto, which is not good habit as one of the community here.
The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.
If you are doing this at the moment just quit crypto trading its not for you.
There are a many of things in my opinion why do people have to get out of trading where trading is not really for him. One of them is in my opinion, when traders do not try to analyze and make their own analysis, many even ask for advice where the advice is not evaluated. I find this little where traders who have tried to find information and make their own analysis with various considerations, but do not understand also about crypto trading, this incident may be because you are not on the trading side but on the other hand. The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.
If you are doing this at the moment just quit crypto trading its not for you.
No risk, no gain. If you quit cryptocurrency trading, is there any better options available to you, if not then sticking to it and wait for the market to turn around would be a good thing for you.
The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.
If you are doing this at the moment just quit crypto trading its not for you.
this is certainly very risky if only relying on temporary knowledge without learning. Another thing that should be used as one of the benefits is that you have to be able to explore trade more and to get closing profits The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.
If you are doing this at the moment just quit crypto trading its not for you.
Alot of people changed their life from crypto and we can make it too. In bull market alot of crypto going up to more than 10 times and in that trend will be easy to make profit, never be greedy is key to make good profit, because after bull market the trend will change to bearish. So for newbies trader is better only enter to crypto trading only in bull market and avoid greedy.
Yes op you are correct . that is the reason why many wanabies are entering the trading scene because someone told them that trading is the best way to earn a profit but trading is not actually for everyone because not all can afford to risk and loose their cash but all can possibly learn trading .
Im not tempted to do trading no matter how they say how profitable it is . i rather go for investing and other less risky activities because that can suite me better .
Im not tempted to do trading no matter how they say how profitable it is . i rather go for investing and other less risky activities because that can suite me better .
trading is not easy but anyone can do that.. its just how they manage and how they know when to stop or go.
It takes a lot of hardwork, but its possible to have that kind of profit if you trade good enough. Last year bull run many traders made almost a 200% profit but I can say that the market right now is totally different so stop looking for an easy profit now and start to trade well.is not favoring your investment, having a quality of making small gains even the market are unstable can be workout if you really keen to discover
new trading pattern.
People only do trading thinking they can make easy money and doesn't even bother to try learning the whole thing then just buy an unknown crypto because his friend says so then it dumps and his investment failed then post in social media and forums that bitcoin is a ponzi and then tries again this time joined pump and dump groups then gets scammed few months later loss everything. My advice dont be this kind of guy.
This is something that I have seen as well and it bothers me, it seems that some people have the idea that the only thing that you need to do become a successful investor is a hot tip from a friend and that is not true, if you really want to make money in this market you have no option but to begin to study the subject of trading in a very serious way and dedicate months to that activity alone. Jump to: