Quit cryptocurrency trading its not for you! - page 16.

xitrum

member

Activity: 392

Merit: 10

Quote from: deonyx on June 03, 2018, 03:20:36 PM

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.

I believe that many of us are entering the market only with the desire to profit from the bitcoin trade, but you can see that the market is fluctuating continuously and is in a bear market, because So I believe that if you have a lot of losses then you should try to divest and withdraw from the market. You can see that financial markets are not for the masses and few can succeed in this field.

raider150shifter

jr. member

Activity: 126

Merit: 1

Agreed, doesn't mean someone profited in trading means you can do it too,
trading is not for everyone, evaluate yourself first.

pokeronlinestatus

full member

Activity: 455

Merit: 102

Quote from: Wittycoin on July 22, 2018, 03:55:45 AM

Many people wants to make money out of crypto trading but constantly loosing and still insist to do trading. Maybe it is better for them to quit trading already, there are more ways to earn out of cryptocurrency after all.

Well, there are some different opinions about this thing. There are some people who don’t want to go in trading just because they don’t have interest in it but for some odd reasons, they only want to earn money. This objective let them take this initiative but they don’t learn about it. So you are talking about such people here. Else traders are mostly winning the cases.

Cosbycoin

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Activity: 980

Merit: 506

Quote from: SixOfFive on July 23, 2018, 09:39:02 AM

Exactly, there are many people who are investing in cryptocurrencies and are totally uneducated about this market. They don’t know what the market is all about, how it works, what its motives are and how to use this wonderful technology. They are treating this market like a gambling market where they trade on luck. But I don’t think so that one can survive in this market for long on the basis of their luck. Someday trends may against your expectations causing you heavy losses.

Knowledge is another factor. The real pessimism is just because we had a down market and it is never easy to earn money by trading in the recession phase. Besides there is no perfect trading concept as well and when the market is imperfect, you just cannot blame the crypto you are trading.

Quitting trade is never a solution because the market is not static and dynamic and we have a recovery phase right which implies that one can trade when market is in good vibes. Besides trading, there are other ways to earn money as well. If one way does not work for you, try another.

filtyfrank251

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Activity: 364

Merit: 10

The Exchange for EOS Community

Quote from: lushlifing on July 26, 2018, 04:16:02 AM

Agreed, trading is not that easy. there's no such thing as invest now hundred percent growth tomorrow,
study and effort is necessary, if you don't have the qualities then there are many alternative investment out
there that might suit you,

Financial markets and cryptocurrency are also very risky and investors should be aware of that if they want to succeed in this market. There should be a clear investment strategy and plan for long-term development in this market, do not invest without having any idea about it.

TonyFat

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You can earn on anything, in mlm, on crypto currency, on the sale of toilets, it all depends on the person, how purposeful he is and how much he wants to make a profit

deppil

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Quote from: Lhaine on July 20, 2018, 05:21:39 AM

Quote from: coffigayo on July 20, 2018, 05:06:42 AM

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.

Yeah business, investment, or trading crypto is indeed the right way to earn wealth. but you need to learn more about crypto.
if you're not smart yet you do not have to quit from trading or investment crypto. but all you need is more hours to learn about crypto

XIANNE25

newbie

Activity: 177

Merit: 0

Yes I agree with you..trading is not that easy as what others think..even pro traders got big losses too..it needs a lot of time to study..youtube is a great help to newbies in trading..many pro traders are sharing their ideas and technique and most important is to know how to read technical analysis..this is what I need to focus..better study first before starting to trade and start with a small amount and dont be greedy... for me,no need to give up coz there's a place for growth and improvement..

lushlifing

newbie

Activity: 196

Merit: 0

Agreed, trading is not that easy. there's no such thing as invest now hundred percent growth tomorrow,
study and effort is necessary, if you don't have the qualities then there are many alternative investment out
there that might suit you,

Findingnemo

hero member

Activity: 2366

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Bitcoin = Financial freedom

Quote from: deonyx on June 03, 2018, 03:20:36 PM

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.

Most of the people doing crypo currency trading like a gambling,so if you don't have enough skills about trading and analysis then go with long term trading.It just need patience and the margin rate that how much you need profit from your investment,util you reach into that point just hold your coins.

lotsky123

newbie

Activity: 112

Merit: 0

If you are new to something especially trading or investment you must learn the basics first. Cryptocurrency is just too risky. You need to learn what crypto is, how it works, how to earn it and how to make profits from it. Because jumping and investing in it right away without studying it thoroughly the result would be regretful. Do more research and try to learn new things everyday to be able to understand fully what you are getting into.

lixer

hero member

Activity: 2688

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Quote from: imstillthebest on July 20, 2018, 05:31:24 AM

Quote from: Lhaine on July 20, 2018, 05:21:39 AM

Quote from: coffigayo on July 20, 2018, 05:06:42 AM

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.

Thats right , trading is not a childs play . we should avoid trading as early as possible if we dont have experience on business or any other marketing schemes but we should not have to quit cryptos because cryptos isnt all about trading , cryptos is about services . everyone can be able to use cryptos even he or she dont have a background in trading .

There are so many traders who have stopped doing trading and that is because of the reason that they find it very much difficult to deal with the things related to that of the trading. If you are unable to perform well, then there is no such point of pushing yourself harder and that too for no reason. You then need to look for some other ways which can help you bring money.

SixOfFive

sr. member

Activity: 630

Merit: 257

Exactly, there are many people who are investing in cryptocurrencies and are totally uneducated about this market. They don’t know what the market is all about, how it works, what its motives are and how to use this wonderful technology. They are treating this market like a gambling market where they trade on luck. But I don’t think so that one can survive in this market for long on the basis of their luck. Someday trends may against your expectations causing you heavy losses.

alfs75

full member

Activity: 392

Merit: 100

platform for everyday business

Quote from: deonyx on June 03, 2018, 03:20:36 PM

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.

Why quitting into this crypto tradings,this means thats you quit also your dreams to achieve your goal to become rich someday with the help of cryptocurrency investment,there are saying thats a "winner never quits and a quitter never win"so therefore if you have an ambition why quits now just continue believing in yourself,because someday all this will back to normal and become profitable,otherwise learning in cryptocurrency will based unto actual experience.

kaizerblitz

full member

Activity: 504

Merit: 105

Trading is just like gambling if you are not on gambling you are not good also in trading you need to put an effort and patience because trading is not easy you need to fail first in order to have learnings. If you want to be good on trading all you have to do is research and study the trading method of the professional.

Siminarota

newbie

Activity: 126

Merit: 0

If you followed, you should follow for a long, do not miss midway, so wasted effort and loss on your capital. In my opinion, you should focus on how to learn and analyze pennies.

Wittycoin

full member

Activity: 696

Merit: 100

Many people wants to make money out of crypto trading but constantly loosing and still insist to do trading. Maybe it is better for them to quit trading already, there are more ways to earn out of cryptocurrency after all.

Cryptokarl

newbie

Activity: 154

Merit: 0

You are very much correct in what you just said. Many people do not ask questions or try to learn before investing. You must be willing to get Information and that would help you to make 70-80% right choices in this trade as this is a volatile market

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: imstillthebest on July 20, 2018, 05:31:24 AM

Quote from: Lhaine on July 20, 2018, 05:21:39 AM

Quote from: coffigayo on July 20, 2018, 05:06:42 AM

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.

Thats right , trading is not a childs play . we should avoid trading as early as possible if we dont have experience on business or any other marketing schemes but we should not have to quit cryptos because cryptos isnt all about trading , cryptos is about services . everyone can be able to use cryptos even he or she dont have a background in trading .

You might quit if you don't have time and eagerness to improve your skills, crypto currency trading is all about ups and downs, if you know how to make a good entry then you will be able to gain from it, continues learning and capability to take alternative decisions when things are not favoring you is a must, people who loves trading are those who have a lots of knowledge though there's no perfect timing but it can lessen your chances to burned out all of your investment.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Lhaine on July 20, 2018, 05:21:39 AM

Quote from: coffigayo on July 20, 2018, 05:06:42 AM

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.

Thats right , trading is not a childs play . we should avoid trading as early as possible if we dont have experience on business or any other marketing schemes but we should not have to quit cryptos because cryptos isnt all about trading , cryptos is about services . everyone can be able to use cryptos even he or she dont have a background in trading .

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