Quit cryptocurrency trading its not for you! - page 22.

lienfaye

hero member

Activity: 3024

Merit: 629

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 agree nowadays the only concern of some of us is to gain profit and dont mind even they dont have knowledge on what they're doing thus they are prone to lose their money compared to traders who take their time to educate themselves before trying to trade. I think its a human nature to enter in a situation just because of hearsay that you can earn huge money without even knowing the full details and fact behind it.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: MinerHQ on June 05, 2018, 08:50:38 PM

Quote from: Phantomberry on June 03, 2018, 09:56:47 PM

Trading is just like a gamble in casino if you are not smart for that you will rather to lose just be learn everything you can in trading and trade in your risk.

If you trade without any knowledge then it will be just checking your luck but if you got a knowledge about the coin and you know that in future it will give you a good profit and invest it is not gambling but a risky investment. So one shouldn't invest just based on someone else recommendation but they need to know about the project. Many times whoever is giving out tips might have bought these coins at a lower price and they want to sell at higher prices so they may ask their followers to buy those coins. You will end up buying at a higher price and they will make money.

I believe trading with cryptocurrencies still takes time to be learned and of course with lot of experiences.The more you have experiences in trading,the more skilled you will be.But if you always gain consecutive losses even how hard you tried,then think of it a lot of times.You may not destined to become a trader,or else you're really not fit for it so better quit before it's too late.

heninur

full member

Activity: 490

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.

true, people who panic sell because they do not want to lose more of them are a beginner in trade, so they decide to sell when a little bit of losses, but selling when losing is not a good decision.
if this happens to me, then I will continue to try, except if every trial I always fail and continue to lose, maybe I will leave the trade and find another job in crypto.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: Phantomberry on June 03, 2018, 09:56:47 PM

Trading is just like a gamble in casino if you are not smart for that you will rather to lose just be learn everything you can in trading and trade in your risk.

If you trade without any knowledge then it will be just checking your luck but if you got a knowledge about the coin and you know that in future it will give you a good profit and invest it is not gambling but a risky investment. So one shouldn't invest just based on someone else recommendation but they need to know about the project. Many times whoever is giving out tips might have bought these coins at a lower price and they want to sell at higher prices so they may ask their followers to buy those coins. You will end up buying at a higher price and they will make money.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

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 is true that is the main reason, but they are never going to understand what you are telling them, they will see all the profits they can possibly make and they will keep investing until they lose all their money, the only ones that can see profits like that are those which invest for the long term in cryptocurrencies and most of the time it takes them years of holding before they see profits like that.

Gaaara

hero member

Activity: 1106

Merit: 501

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.

You're absolutely right, since there are so many newbies trying to earn money from crypto w/out even trying to understand it they are most likely to lose some money then after they lose some most of them are considering crypto as worthless and only causes people to lose moeny. Without a complete knowledge regarding crypto they will now unlikely to consider crypto as profitable.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: stsms06 on June 05, 2018, 03:35:08 PM

Do not quite agree with you. People as a result of such trades will only gain experience and understand how to actually act on the crypto-currency market. All this will only positively affect the crypto economy.

Trading crypto, just like how it works in stock markets, is nothing more than a long term cycle where dumb money ends up in smart pockets. It's not profitable for average joes to keep trading, even not when they learn from their mistakes one way or another. If after decades of stock history nothing changed when it comes to the winner to loser ratio, then how on earth is it going to work in a market as unpredictable as the one from crypto? I purely focus on longer term trades, where I only buy or sell when the market is literally asking for it. In current market with its neutral sentiment it's better for most people to just wait it out....

stsms06

newbie

Activity: 37

Merit: 0

Do not quite agree with you. People as a result of such trades will only gain experience and understand how to actually act on the crypto-currency market. All this will only positively affect the crypto economy.

playboy654

member

Activity: 546

Merit: 32

Quote from: redfin31 on June 05, 2018, 01:58:21 PM

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, i totally agree with you. many people come to a crypto world and doing a trade just want to get a huge profit without thinking about a risky which they will get. and they really ignoring about knowledge of trading. for me personally, knowledge about trading is the important thing if want to do a trade in the crypto world.

Yes many people want money then only they will come to trading and other crypto investment but in starting stage they don't learn much more then they will beat and drop in it but many people don't know how to had an experience in Trading if they got it then they will be the man who learn more in this

redfin31

sr. member

Activity: 700

Merit: 275

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, i totally agree with you. many people come to a crypto world and doing a trade just want to get a huge profit without thinking about a risky which they will get. and they really ignoring about knowledge of trading. for me personally, knowledge about trading is the important thing if want to do a trade in the crypto world.

SvonioneFromMangoCoinz

member

Activity: 663

Merit: 10

https://streamies.io/

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.

100% I use hold method is effective and safe investment method. I rarely put money to trading in the day or short-term trading. To be able to trade effectively, I need to take trading courses taught by famous traders

Greed Dev

member

Activity: 490

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.

The deal is only for some knowledgeable people who understand penny stock analysis. Not all 100% of those investing in the crypto market have considerable knowledge of trading

Supercrypt

legendary

Activity: 1554

Merit: 1054

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.

Do not call them wicked, but rather call those who act on whatever any influencer says and make decisions on that the fools that they are. As long as you cannot make investment decisions on your own or trading decisions, then you should not be making any decision at all. Listening to others opinion to make decision will only put anyone's fund in jeopardy.

Trading or investing require some knowledge and some experience as well, and it is best to get those before even considering moving so fast on the market. People are just greedy and they want to get rich quickly, which is what makes it easy for them to be swayed.

Dudeperfect

hero member

Activity: 1190

Merit: 534

As of now I am doing a full-time job and part-time business so I cannot give the time which is required in trading and that I believe that it is not my cup of tea but I can always take some time from my schedule and use it for the research purpose which helps me to make trade decisions considering the gains in the long run. To be honest, I have lost my entire capital multiple times just because I made trading decisions based on other's research and opinion about the market and I would never recommend anyone to blindly follow others opinion.

nl247

full member

Activity: 518

Merit: 145

Even before now when Forex and stock trading was in vogue, a lot of people still ended up flopping and losing a lot. The problem actually is that a lot of people always think it is just an easy way to make money rather than seeing it as a profession and because of that, they usually do not take it serious in anyway which is bad and one of the reasons they lose so much. As long as they do not learn and keep learning, they always get to rush out eventually the same way they rushed in.

I guess the mentality that one brings into trading, determines how such a person is going to end up doing or not. Normally, without knowledge and good experience, there will be no strategy and without strategy, that is 100% gambling and once it is 100% gambling, we all know the rest of the story.

Birin016

full member

Activity: 378

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.

Anyone who want to join crypto must have knowledge about crypto and trading. Not just they want a lot of profit in crypto and then they invest their money without knowing about trading crypto. This is reason why they are do cut loss . But i think if they already join crypto i think they can understand about crypto. Just do and got experience, i believe if you already enough experience and knowledge you can do trade without cutloss.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

I have to say I fully agree with that.
So many crypto users, mostly those unexperienced and without any knowledge think that trading is the easiest and the fastest way to get rich. And what is worse they think no skills and knowledge are needed. Which is completely wrong and usualy ends up very bad with huge losses and debts.

But the question is are the users only to blame? Or is there general attitude promoted on forums, social media and similar that cryptocurrencies are " the free lunch" you just have to take. With attempts to show only positive sides of cryptocurrencies risks are often forgotten and deliberately hidden which makes the opposite effect.
We have to do more on general awareness and education showing people both, good and bad sides and promoting education and trusted information about crypto world.

arthotdog

full member

Activity: 462

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.

Yes trading is the best way to gain good profit in crypto,and this is the only section when you can earn the biggest members can get here,but this is not for everyone maybe theres a lot of aspiring candidates to do trading but not all of them can succeed.

Quote from: birzh0 on June 04, 2018, 03:47:08 AM

but everyone hope and will go on for hoping in sudden reachness coming. Because they think it is easy money

And thats desperately needing,that attitude will only bring you to failure,being a trader must have special skills and brightest mind before entering here,if now then better go away and live

birzh0

newbie

Activity: 182

Merit: 0

but everyone hope and will go on for hoping in sudden reachness coming. Because they think it is easy money

Moiyah

member

Activity: 630

Merit: 20

We have been previously a newbie before. I, myself is a starter. At first, I have a huge losses. And I thought that trading is not for me. But this losses encouraged me to not just enter and exit market without further looking at some indicators. This also help me to learn more about trading, learn more about indicators, and continuously study to prevent loss. Now, I am having just enough profit everyday and already gaining what i've been lose then.

Topic: Quit cryptocurrency trading its not for you! - page 22. (Read 3893 times)