Quit cryptocurrency trading its not for you! - page 17.

Lhaine

full member

Activity: 742

Merit: 128

Coinbene.com - Experience Fast Crypto Trading

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.

coffigayo

member

Activity: 322

Merit: 12

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.

Cotton Candy

full member

Activity: 392

Merit: 100

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.

False desires are one of the most serious issues that I find in this market, it isn't uncommon to see individuals in the discussion asking how they can get 100x in their speculations, while it is conceivable to get those kind benefits in all actuality those that did lucked out or were virtuosos at choosing the correct coin at the ideal time, so as should be obvious individuals have exceptionally improbable assumptions regarding what they can get and when their desires are not satisfied they go for broke losing cash all the while.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: cryptowhiz on July 15, 2018, 03:15:53 PM

crypto trading is for the not for everyone

Its not for the lowlife bounty spammers whose job is to dump coins at exchange once their bounties pay out. They are the ones who make the a potentially profitable coin look like a pile of shitcoin with a huge sell wall.

Quote

one should start by using small capital first to test their skill and knowledge or trading strategy.

Small cap or big cap its all the same. If you dont have control over emotions and want to trade you can very well get ready for losses at one time and gains at another time.

Quote

Its a game about being patient and hit the right spot on right time and only then can you really make profits

Timing and analysis of the market to know which time is good to enter the market are essential.

weeklyeth

newbie

Activity: 168

Merit: 0

crypto is nt for get rich scheme we cant make money overnight we should concentrate more on technology rather than growth of coins

Altero

full member

Activity: 784

Merit: 123

Quote from: cryptowhiz on July 15, 2018, 03:15:53 PM

crypto trading is for the not for everyone
one should start by using small capital first to test their skill and knowledge or trading strategy.
Its a game about being patient and hit the right spot on right time and only then can you really make profits

That's right, trading isn't just easy as people think about it. It needs more time to learn and acquire more knowledge about it before taking a steps into this field. You might get loss if you don't have this tools, it also needs to control our emotions since mostly people get lost just because it these.

RockBar0

member

Activity: 350

Merit: 10

Quote from: p i e c e on June 26, 2018, 08:11:41 AM

Quote from: Whosdaddy on June 21, 2018, 06:33:16 AM

Quote from: littlebill16 on June 19, 2018, 12:10:31 AM

To an extent I think you are right and I agree with your point that a lot of people believe cryptocurrency is a quick and easy way to turn money you already have into a massive amount. However, I dont think that it is right for a person to tell another person where the do and dont belong. If they want to invest and sell quickly, let them and let them learn the hard way. Cryptocurrency does require research and keeping up with, but experience is going to also really help a person grow.

That mentality was exactly what made people to join FOMO, some even did go to the extent of borrowing to be able to enter into the market and now suffering huge loss and unable to pay the loan.
It is absurd to think that the market is a get rich quick scheme when indeed it is not, and it is because of this they get to panic easily when things start beginning to go unexpectedly in the market, and in such state, making decision without applying emotion for those in this category is impossible.

Those people that do not know what it is to wait and to be patient must not even start to trade. Trading is for those guys that are very patient, have really good nerves, and never take the decisions too fast.

Trading is not easy to succeed in a volatile market like cryptocurrency so take time to learn knowledge and experience from a variety of sources and real trading experience in the market place. Appropriate investment direction. Trading is not for those with weak psychology, so please identify your investment professionally if you want to succeed.

Bubblestonemax

newbie

Activity: 70

Merit: 0

One must have adequate knowledge in order to be a profitable trader. Cryptocurrency is a volatile area and you need knowledge to operate, knowledge to read charts, knowledge to research to know which coin to buy, etc

cryptowhiz

jr. member

Activity: 53

Merit: 13

crypto trading is for the not for everyone
one should start by using small capital first to test their skill and knowledge or trading strategy.
Its a game about being patient and hit the right spot on right time and only then can you really make profits

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: p i e c e on June 26, 2018, 08:11:41 AM

Quote from: Whosdaddy on June 21, 2018, 06:33:16 AM

Quote from: littlebill16 on June 19, 2018, 12:10:31 AM

To an extent I think you are right and I agree with your point that a lot of people believe cryptocurrency is a quick and easy way to turn money you already have into a massive amount. However, I dont think that it is right for a person to tell another person where the do and dont belong. If they want to invest and sell quickly, let them and let them learn the hard way. Cryptocurrency does require research and keeping up with, but experience is going to also really help a person grow.

That mentality was exactly what made people to join FOMO, some even did go to the extent of borrowing to be able to enter into the market and now suffering huge loss and unable to pay the loan.
It is absurd to think that the market is a get rich quick scheme when indeed it is not, and it is because of this they get to panic easily when things start beginning to go unexpectedly in the market, and in such state, making decision without applying emotion for those in this category is impossible.

Those people that do not know what it is to wait and to be patient must not even start to trade. Trading is for those guys that are very patient, have really good nerves, and never take the decisions too fast.

Patience is a must but too much of it would really still give you some negative effects therefore you should know how to utilize such patience you do have. This do always matter most on decision making.
Experience do gain overtime and cant really be easily learn. Quitting is not a solution but if you are already engage on trading for a long time but still you end up on negative profits i think trading isnt really for you.

code

sr. member

Activity: 536

Merit: 251

I believe that you can not just come to the market and give advice. we need to teach people to check the source of information, and not to trust him immediately.

p i e c e

full member

Activity: 336

Merit: 100

Quote from: Whosdaddy on June 21, 2018, 06:33:16 AM

Quote from: littlebill16 on June 19, 2018, 12:10:31 AM

To an extent I think you are right and I agree with your point that a lot of people believe cryptocurrency is a quick and easy way to turn money you already have into a massive amount. However, I dont think that it is right for a person to tell another person where the do and dont belong. If they want to invest and sell quickly, let them and let them learn the hard way. Cryptocurrency does require research and keeping up with, but experience is going to also really help a person grow.

That mentality was exactly what made people to join FOMO, some even did go to the extent of borrowing to be able to enter into the market and now suffering huge loss and unable to pay the loan.
It is absurd to think that the market is a get rich quick scheme when indeed it is not, and it is because of this they get to panic easily when things start beginning to go unexpectedly in the market, and in such state, making decision without applying emotion for those in this category is impossible.

Those people that do not know what it is to wait and to be patient must not even start to trade. Trading is for those guys that are very patient, have really good nerves, and never take the decisions too fast.

Cacao2017

newbie

Activity: 140

Merit: 0

If it's a transaction you do not like it and they do not give you, you can stay silent and do not worry about them because they are not the type of transaction you need or need to trade.

cola-jere

full member

Activity: 665

Merit: 107

Quote from: adaseb on June 03, 2018, 03:51:56 PM

Trading in general is not for everyone.

This is no different than the Nasdaq internet bubble of 2000 or the huge bull market of 2017 in the global stock markets.

There was a small percentages of retail traders that only made money. The rest most likely got greedy bought at the top and ended up making nothing or losing their entire life savings.

Trading Cryptos is no different. There are some that can make some profit off it, but for most it becomes a losing business due to fear and greed.

This is absolutely true! People follow the "heard mentality".
There's a saying that, "if you heard it in the news - you're already too late."

Crypto is no different. Also, never invest your hard earned fiat in crypto if you are not ready to lose it.
Caveat emptor! Use only what you can afford to lose.

bitcoinerjawa

member

Activity: 364

Merit: 10

yes you are right if you do not have better trading skills you get out of the world of trading first and learn to be a good trader and can generate profits very much.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: zelda131292 on June 15, 2018, 03:26:14 AM

there are a lot of people really expecting to make millions of dollars in the first day of trading, and at the end of the day, they just end up losing a lot of money because of bad expectations

False expectations are one of the biggest problems that I see in this market, it is not rare to see people in the forum asking how they can get 100x in their investments, while it is possible to get those kind profits the truth is that those that did got lucky or were geniuses at selecting the right coin at the right time, so as you can see people have very unrealistic expectations about what they can get and when their expectations are not fulfilled they take greater risks losing money in the process.

jamids

sr. member

Activity: 616

Merit: 252

Quote from: Ludji on June 23, 2018, 07:21:36 AM

Trading is stressfull and definitely not for everyone. However, you can't start your trading career without getting burned first(you really can't, everybody suffers a big loss at one time or another). What you can do is minimise the losses you make by doing good research about the coin you are trading and about trading in general. That way you at least have a good knowledge foundation, if you lack the experience.

You can only truly learned trading by losing and then learning from it so that we will know what not to do next time. I believe that all traders suffer a loss at some point in time in their trading career as no one is perfect and for those who are already profitable, they learn from their losses and get back up again. Those who weren't able to cope up with their losses just quit trading and maybe some just become a holder/investor and wait for their coins to have some value and others totally with draw what they can and never turning their back again. This is the reason why not everyone can be a trader because not everyone can take the stress of trading and not being able to control their emotions.

anonymous2020

member

Activity: 120

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.

Yeah right, aside from trading there were so many ways to earn in crypto, better quit trading if we dont have much knowledge on it,, maybe prefer long time holding.. those who profit more in trading knows how to understand the chart and can predict whats next..if we are low IQ you were right we must quit trading.

HSRP

member

Activity: 392

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: sumanto on June 23, 2018, 05:36:30 AM

yes you are right cryptocurrency does have its own risk fixed with trading with cryptocurrency I can get very much profit that you can do if you know the right time to buy and sell coin. I decided to keep trading cryptocurrency.

To buy at low prices and sell at high prices is an important issue that is difficult to do, so now is the time we buy, the price of altcoin is severely reduced. Perhaps in the near future prices will rise again.

Visbay

sr. member

Activity: 1236

Merit: 252

Quote from: beerlover on June 22, 2018, 06:22:05 AM

Quote from: arnoldrimmer on June 18, 2018, 06:19:27 PM

well this is true at some point, if you are just a newbie you can not expect to make millions of dollars because it is not going to happen, that is the main mistake from most people

Any newbie that is even expecting to start making something huge immediately from trading is joking and that idea of wanting to get rich pretty fast is what has put a lot of them in jeopardizing their investment in the long run.

Trading comes with a lot of attention to details, learning and trying to find ways to do it better but as it is, so many newbie traders do not always want to go through that path and feel gambling their way through they are all aware of that trading will be better for their efforts. We never need to quit trading and if we are not good at trading then taking some rest may be a good solution for finding ways to make money with trading.

Begin fast to get rich is not good for sure so I think we should wait for long while holding our bitcoin, It is sure that bitcoin is the most promising currency buy as you said losing hope is not good for us, trading needs a lot of fine skills about internet and about crypto currency, the more your will put your time and attention the more you will earn from trading, quitting trading can be like giving up at your profit so don’t lose your hope just hold your bitcoin for long term trading I am sure you will be one of most rich person in our community.

Topic: Quit cryptocurrency trading its not for you! - page 17. (Read 3886 times)