Quit cryptocurrency trading its not for you! - page 19.

desmonddesk1

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Quote from: wvizmanos on June 03, 2018, 03:57:14 PM

It is the promise of profit by some wicked influencers that entices newbies to invest in cryptos. What's saddening is these people simply jump in blindly and the worse part is when they cut their losses by selling all what they have when see their investment go south.

While many jump into crypto trading blindly, make mistakes and loss some funds, the motivation or challenge of seeing others succeeding in the crypto world is what has made many folks to stay up until now. Saying from experience.

Any serious person who want to succeed must be ready to learn fast. Though you may make mistakes, you must pick up yourself and move on with anticipation of success ahead and dream of recovering what ever amount you may have lost. I learn everyday.

rickadone

legendary

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Quote from: Barcode_ on June 19, 2018, 03:24:02 AM

Crypto-currencies trading does not really suits every traders, some traders are afraid to see the huge price drops in crypto-currencies but this is actually a very common sight in crypto-currencies trading, and I would say the traders who are able to hold their bitcoin and altcoins for a long period of time during a bear market would stand a higher chance to make more profit than others.

Some really should not even be called traders as long as they did not go through the path of learning and garnering some experience before going ahead to start trading. Trading is a profession and one that comes with a lot of decision making which is hard to make such decisions without very good knowledge.

As long as wannabe traders start getting the idea that this is a risky and volatile market, I guess that would make them to understand why they should not just assume things will go smoothly for them without any knowledge.

chocolaty

member

Activity: 294

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If you think that it is your forte then you can look for other ways to earn money. But if you think that you still have the guts and willingness to learn how to do it, then continue it. Do not let failures nor losses tell you what you can and can't do. Sometimes it is a challenge you've gotta face. But if you want to play it safe and to not lose money anymore, then try to divert your attention to other options. You can offer services within your skills and knowledge.

I, myself, knows that I am not good at this. Though I am still trying.

jvdp

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Quote from: Bitinity on June 20, 2018, 01:55:07 AM

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 cant agree 100%, what you say here is a part of learning in trading. Without it, newbie wont be able to improve their trading skills/strategies. It does not mean that trading is not for them, learning by mistake is a good thing to be a better trader. It will only bad if they keep on doing it without evaluate what they did.

Not only trading mate. Every thing you need to take a time and learn it then only it is possible to do well verse. As I know there are many people invested on trading site recent days and trying to make money out it bro.
If you really stop the people in trading then you can see the marketplace volume will go cheaper bro.
Without evaluation you will be find the bad experience with it and then you need to admit the lose and profit both.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: VclDm on June 19, 2018, 05:46:10 PM

Some of my friends invest in the form of trust, but lose 50 - 80%. When the BCC investment trust model collapses, other types of virtual trusts are heavily impacted. So do not invest when you do not really understand the market, which is a very dangerous investment.

Are you out of your mind? BCC or bitconnect was a scam. A pure scam disguised as an MLM/HYIP. Made for the ones who invest first and scam for those who dont sell it to get money. Its the profit styled pyramid scheme which is going to collapse in future - those are pure scams and newbies often fall for them.

So next time dont invest in some HYIP scam and then call trading as "unprofitable". A major chunk of crypto profits come from trading and inexperienced people will always say idiotic stuff that seems just the opposite.

Supercrypt

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Quote from: fibrolit on June 18, 2018, 06:49:19 PM

I believe that the market and the capitalization of cryptocurrencies are still falling because of the huge number of newcomers to this market at the end of 2017. Someone disappointed in the market in January-February, someone in March-April,someone now. They are still selling out huge stocks of cryptocurrency made at the end of 2017. I do not see any other reasonable explanation for the low bitcoin rate.

Newcomers will always be disappointed since they refused to take the pain to learn and understand that joining FOMO when it comes to trading is the last thing anyone want to be doing.

We are in an era where a lot of people simply do not understand that the volatility of the market is huge and for you to be able to play safe in the market, you really want to at least have some basic trading knowledge but when you tell them this, they come up with the theory buy low and sell high, while making you feel like you are trying to scare them away.

Bitinity

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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 cant agree 100%, what you say here is a part of learning in trading. Without it, newbie wont be able to improve their trading skills/strategies. It does not mean that trading is not for them, learning by mistake is a good thing to be a better trader. It will only bad if they keep on doing it without evaluate what they did.

Hell-raiser

sr. member

Activity: 462

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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.

What is making you think that most people here are for trading? Some of them certainly are, but the majority don't want to be glued to their screens as this is what trading means in practice, that is closely following the price throughout the day (and likely night too). Further, the whole cryptomarket is relatively new (just a few years), so everyone here is essentially a newbie. Apart from that, it is not a rocket science either, how to open or close a position. Every normal person can manage that and learn the tricks in a couple of months (sending and receiving coins, etc). It doesn't mean that he will learn to trade but as I already said, most people prefer to hold anyway, not to trade actively.

yanto@1977

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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.

Agree with you but people also can say this is my money my life, stay away. We all know start trading/ invest with out knowledge is bad idea but people already have mindset that big profit is easy to catch, wrong brothers. Most of us will do the right thing with giving them advice to learn and practice to know how it work, but the result is fail. Just give them suggestion about the risk, rest of it leave it and let them know reality.

emberbekas

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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.

We need to learn by doing. But as newbie with less experience in trading, especially when dealing with red portfolio, maybe they can try it first with the small investment instead of quitting the game.

VclDm

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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

Some of my friends invest in the form of trust, but lose 50 - 80%. When the BCC investment trust model collapses, other types of virtual trusts are heavily impacted. So do not invest when you do not really understand the market, which is a very dangerous investment.

Casmania

full member

Activity: 390

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Quote from: supercanada1 on June 19, 2018, 04:08:45 PM

Quote from: Souldream on June 18, 2018, 10:14:30 AM

Quote from: bering on June 15, 2018, 09:04:47 AM

trading is a unique jobs because similar such as gambling that people can be rich from trading but possibly too people can became an poor people because trapped on the particular situations and lost your money but very unfortunate most of traders didn't thinking clearly about the risk and don't have good mentally when facing downtrend and became an panic sellers

Everyone has a right ro become a member which is supposed to be, a right to know how operte the cryptocurrency was. The system of bitcoin or even the system of the market is just favourable to those who knows already what they would going to do.

Yes this is right of every person here that he can use bitcoin or any other crypto currency just as per his own plan and strategy. But for those who have tried so many times but didn’t succeed, they must review their decision. Basic reason behind their quitting response is that they can’t just make good memories and results from trading. So they better chose to leave as well.

Quiting for good is better for those who failed with cryptocurrency expectations, and with that I must think that the frustrations caused this to happen. However you need to move on in case you've encounter some feeling of regrets, and leaving cryptocurrency is a final conclusion.

supercanada1

sr. member

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Quote from: Souldream on June 18, 2018, 10:14:30 AM

Quote from: bering on June 15, 2018, 09:04:47 AM

trading is a unique jobs because similar such as gambling that people can be rich from trading but possibly too people can became an poor people because trapped on the particular situations and lost your money but very unfortunate most of traders didn't thinking clearly about the risk and don't have good mentally when facing downtrend and became an panic sellers

Everyone has a right ro become a member which is supposed to be, a right to know how operte the cryptocurrency was. The system of bitcoin or even the system of the market is just favourable to those who knows already what they would going to do.

Yes this is right of every person here that he can use bitcoin or any other crypto currency just as per his own plan and strategy. But for those who have tried so many times but didn’t succeed, they must review their decision. Basic reason behind their quitting response is that they can’t just make good memories and results from trading. So they better chose to leave as well.

Sadlife

sr. member

Activity: 1400

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Yes the root cause of this price crashes are mostly newbies panicking to sell all their coins when there is an FUD in the market that the whales manipulated and mostly done by spoofing(faking) volume trading transactions. Most newbies doesn't take time to learn cause they thought they can make lots of money in no time but when something unexpected happens they immediately pull out.

Barcode_

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Crypto-currencies trading does not really suits every traders, some traders are afraid to see the huge price drops in crypto-currencies but this is actually a very common sight in crypto-currencies trading, and I would say the traders who are able to hold their bitcoin and altcoins for a long period of time during a bear market would stand a higher chance to make more profit than others.

littlebill16

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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.

fibrolit

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I believe that the market and the capitalization of cryptocurrencies are still falling because of the huge number of newcomers to this market at the end of 2017. Someone disappointed in the market in January-February, someone in March-April,someone now. They are still selling out huge stocks of cryptocurrency made at the end of 2017. I do not see any other reasonable explanation for the low bitcoin rate.

arnoldrimmer

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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

NeverSop

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HODL

Quote from: MiF on June 16, 2018, 02:24:31 AM

Quote from: TheUltraElite on June 16, 2018, 01:54:54 AM

Quote from: asyakashi on June 15, 2018, 05:33:38 AM

Do not trust anyone who says that trading is very profitable. They do not explain the greatest risk in trading.
very dangerous if beginners do not analyze the risk of altcoin or bitcoin trade.

Do not trust anyone who says anything is very profitable. Nothing is profitable in the world without experience. People gain experience from their exposure to different fields and they understand the risks and returns from the same. That said trading has been profitable if you know how to put in your money. Think of the early adopters of bitcoin - they did make a lot of money after they sold.

Quote from: alihassan99 on June 15, 2018, 07:34:15 AM

but beleive me i use to make a good profit on etherdelta once.. but sometimes get loss all my profit Cheesy

so trading is luck..

Etherdelta is mainly for selling tokens. I believe you got those tokens from some shitcoin bounty or airdrop? Profit in trading is relative based on what you put in to get the coins and how much return you get.

Don't be discourage if some of your coins become shit, you might not wonder in the future that it will develop a community that helps the coin valueable. Other traders thought that trading future is worst, but in reality its a brilliant opportunity that could provide as better profit. However when it reached a good price, I am sure you'll not regret the blessings that you might experience.

I also believe that the cryptocurrency market is very potential and the chances of success in this market of investors are huge. The key to success in these deals is having a clear investment plan and adhering to the established principles.

Scripture

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Bitcoin becomes a thread when it comes to moon last year that it took the attention of the greedy people. Now that thise people invested on a high price and the market goes consecutively downward, they are mad. You know, market is not blooming everyday. If you are not there in its worst, you have no right on its best.

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