Quit cryptocurrency trading its not for you! - page 20.

Manchumichael

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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.

Yes many people say trading is easy and it is profitable, yes it is easy but when you become expert in analysing this crypto market. don't think all investors and traders will make a profit there are many people quit trading because of a huge loss. Patience is the key to success in trading. if you are a calm person and have the ability to face the risk then you can make a profit in trading.

yatogami

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bvo.trybravo.com

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.

It takes a lot of time to figure out how profit can be made on crypto market.
When I entered crypto I spent several months for reading and analyzing the information on the internet, on this forum, youtube blogs, Telegram groups, etc.
And this process of analyzing is eternal - every week tons of projects arise that could be profitable..

Souldream

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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.

Koro-Sensei

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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.

False advertising nowadays are worse than i thought since there are ads everywhere some may say it's fake and maybe some gets scammed by the fake BITCOIN because they lack the prior knowledge in terms of handling btc or even identify which was legit and not. The title might be offensive for some but for pros are not it's a nuisance to answer questions that have been answered several times still newbs ignore the same s**t over and over.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Rooster101 on June 16, 2018, 02:30:10 AM

There is really a need for the newbies to educate themselves first before joining the cryptocurrency trading.

I dont see any reason why newbies should not do so. Being educated about trading would only make them more experienced in crypto based activities and will be useful some day in future because they can invest in some coins other than bitcoin and also ICOs.

Quote

If that person wishing to join the trading is really serious then he/she should take the first step first to prepare him/herself. Many newbies are invited by some unknown person the social media to join their group and participate in their trading without educating them first.

Well if they think someone is trustworthy then they will get scammed in future. Its a good advice for newbies but then they also have to learn how people scam and survive in this market.

Again some people are just hoping to get investors into some shitcoin - those should be avoided.

syahdurindu

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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.

every person must have a desire to succeed in trading, for a beginner, certainly an experiment in trading, so many who experience failure and lose in trade.
I think a one-time failure is common, and you should try again, but if in a few times you just get a loss, then you should stop trading you are doing, find another job you are good at.

spyerf

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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 think trading for all circles. what to do here is self-improvement and re-learning. Losing trades then leaving it is a desperate behavior. it is very sad and only a protracted regret.

Whosdaddy

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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.

Some do think trading is just some rosy way to make quick money once they can just buy when it is red and sell when it is green. They may get lucky when the market is in an uptrend, but the luck usually do not last once the market switches to a downtrend and in a market like this, it makes matters even worse for them due to its level of volatility. There is a lot to learn and a lot of practice that should be done before even considering trading at all, but it seems a lot of people, are always in a rush to make money.

Rooster101

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There is really a need for the newbies to educate themselves first before joining the cryptocurrency trading. If that person wishing to join the trading is really serious then he/she should take the first step first to prepare him/herself. Many newbies are invited by some unknown person the social media to join their group and participate in their trading without educating them first.

MiF

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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.

TheUltraElite

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So anyway, I applied as a merit source :)

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.

Kelvinid

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win lambo...

Quote from: miyaka26 on June 15, 2018, 10:38:53 AM

It's totally not for everyone, not all of the people can handle the stress of losing money over a minute and how to counter that stress with their own strategies and will, not all of the people have the knowledge to trade and the capital to maintain their position to the crypto market, I saw tons of people saying crypto is scam or bubble after losing their money either from investment or trading.

I agree.Trading needs more experience and skills so you should be well equipped with all the basic things for you to succeed and will last longer in trading.Since it has more risks compared to some other crypto works,then don't expect too much if you're not willing to make big risks.

milewilda

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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.

Trading is indeed profitable and its being said and been suggested for a thousand times not only to this forum but even offline how much more on online world. Cryptocurrency trading is indeed risky which is more than dangerous due to volatileness but we know the higher the risk the higher the reward thats why most people do easily get their attention on trading up with crypto but the thing is that they dont even know how risky it is and rushing up themselves on to trade without enough preparations. Results? Majority would lose up money and got easily discourage.

miyaka26

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It's totally not for everyone, not all of the people can handle the stress of losing money over a minute and how to counter that stress with their own strategies and will, not all of the people have the knowledge to trade and the capital to maintain their position to the crypto market, I saw tons of people saying crypto is scam or bubble after losing their money either from investment or trading.

goldcoinminer

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Quote from: ohkkstaaahp on June 15, 2018, 09:12:33 AM

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

Because of their high expectations, the high ambition of failure is greater so do not be too ambitious in today's market, it is not easy to earn profits from day trading. It's probably more difficult to get hold of us to become richer from Crypto.

If you really want to make good profits in trading,you must be knowledgeable enough and should have more experiences so you can ride with its volatile market.There is no really quick profit in trading,all comes with hardships and perseverance before attaining success in trading.If you cannot do this,then better quit crypto trading before it's too late.

ohkkstaaahp

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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

Because of their high expectations, the high ambition of failure is greater so do not be too ambitious in today's market, it is not easy to earn profits from day trading. It's probably more difficult to get hold of us to become richer from Crypto.

bering

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Leading Crypto Sports Betting & Casino Platform

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

alihassan99

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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..

asyakashi

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Just.bet - Decentralized On-chain Casino

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.

zelda131292

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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

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