Quit cryptocurrency trading its not for you! - page 3.

iv4n

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Quote from: Distinctin on January 04, 2019, 01:37:01 AM

Quote from: peter0425 on January 04, 2019, 12:18:47 AM

Quote from: tarukam on December 29, 2018, 02:29:29 AM

it's true I think crypto is not as easy as you imagine, getting money here needs expertise to understand analysis and this fundamentals are not investments that can make a lot of money if you gambling

I guess its no easy money here. Those mindset are very wrong in the beginning, specially in 2017 when there's a lot of irrational buyers, even getting bitcoin at its peak price in December. Maybe someone whisper to team that this market is a get rich scheme, but it's not and it's a hard lesson for them. I'm sure they got burned early and never come back. But at least they learn something and will be very careful again and not repeat the same mistakes again.

Surely they learn something because 2018 brings massive destruction to the market, imagine being down by over half of your investment, I'm pretty sure a lot had already panic selling. Now that we are in a new year, I'm expecting that most investors left are those with strong hands.

People heard and people saw how crypto is making new millionaires and they wanted to try the same thing. It's not easy to make money in any way, for some people maybe that can look like that, but it's only what comes after very hard work and lots of knowledge. Luck also can make millionaires, what can be hard in choosing some random alt and investing couple hundreds in it, who choose good will become millionaire one day.
Crypto is so big that anyone can do multiple things, you can hold some amin coins or to try with alts, you can trade or gamble, you can invest just time and claim faucets, every beginning is hard, to learn basics everyone needs some time, but the main thing is that everything is possible with crypto.

Distinctin

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Quote from: peter0425 on January 04, 2019, 12:18:47 AM

Quote from: tarukam on December 29, 2018, 02:29:29 AM

it's true I think crypto is not as easy as you imagine, getting money here needs expertise to understand analysis and this fundamentals are not investments that can make a lot of money if you gambling

I guess its no easy money here. Those mindset are very wrong in the beginning, specially in 2017 when there's a lot of irrational buyers, even getting bitcoin at its peak price in December. Maybe someone whisper to team that this market is a get rich scheme, but it's not and it's a hard lesson for them. I'm sure they got burned early and never come back. But at least they learn something and will be very careful again and not repeat the same mistakes again.

Surely they learn something because 2018 brings massive destruction to the market, imagine being down by over half of your investment, I'm pretty sure a lot had already panic selling. Now that we are in a new year, I'm expecting that most investors left are those with strong hands.

peter0425

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Quote from: tarukam on December 29, 2018, 02:29:29 AM

it's true I think crypto is not as easy as you imagine, getting money here needs expertise to understand analysis and this fundamentals are not investments that can make a lot of money if you gambling

I guess its no easy money here. Those mindset are very wrong in the beginning, specially in 2017 when there's a lot of irrational buyers, even getting bitcoin at its peak price in December. Maybe someone whisper to team that this market is a get rich scheme, but it's not and it's a hard lesson for them. I'm sure they got burned early and never come back. But at least they learn something and will be very careful again and not repeat the same mistakes again.

Aivaryamal

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I was immediately told that such figures yield expected during the year and need to properly dispose of its portfolio

OlgaFS

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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.

As they say, never confuse luck with an uptrend Wink

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: tarukam on December 29, 2018, 02:29:29 AM

it's true I think crypto is not as easy as you imagine, getting money here needs expertise to understand analysis and this fundamentals are not investments that can make a lot of money if you gambling

Trading is not much harder but this is quite unstable market so it is risky to hold these coins by over night too,so it depends on how much risk willing to take then the profits will be based on this.

QuadsPoker

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nothing is impossible

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. This mostly is done by those stupid scammers with their so called 'legit' investment platforms. There are good profits to be made in crypto trading but it requires some skill and most important hard work. But majority involved in crypto are newbies and novices like you mention and they get trapped by those so called investment platforms offering consistent 5% daily or sometimes even more.

Even now on FB in all btc related earning groups and network groups a familiar thing is that they tell people they can double or even triple their money in mining in less than 48 hours.... and still people get trapped by this. They even do not do any effort to do some research and find out mining can NEVER bring this amount of money.

I sometimes post myself in those groups to aware people for scams and I offer some advice for free..... and then I got called 'scammer'. Just so unreal. People rather follow scammers offering unrealistic returns and burn their ass instead of taking some advice and start doing it themselves. There is only 1 word that is destroying a lot of newbies and novices....GREED. They think to become a millionaire even without putting money in.

noormcs5

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Leading Crypto Sports Betting & Casino Platform

Quote from: mornabo on December 14, 2018, 08:49:14 PM

Quote from: shoreno on December 13, 2018, 01:17:50 AM

Quote from: mornabo on December 13, 2018, 01:00:22 AM

Quote from: Shinpako09 on November 30, 2018, 05:57:18 PM

That's why I didn't got hooked in trading. It requires a lot of work and effort. Although I didn't have weak hands, i'm a bit lazy when it comes to trading even how much I'd like to learn it because of being the most profitable among other ways, still laziness come to me. I prefer not to pursue it or i'll just waste my money because of laziness.

for lazy people, trading is not the right place for you, because in trade you will need people who are diligent and conscientious in carrying out technical analysis with various strategies, lots of things to do to predict prices, if you are lazy, of course you are reluctant to do that, dont you?

but being lazy is not an excuse to earn and learn if you really wanted to . me myself was once a lazy guy that doesnt do anything valuebale other than playing games on my phone but until i discovered cryptos and i found out that trading is the best source of income , i then slowly becoming productive and i now value the time for more important things such as doing a research on how can i improve my trading career . its up to the person if he or she wants to change his life for the better .

Yeah, laziness can be eliminated by perseverance and willingness to change, but what I emphasize is that if they are lazy, they certainly won't want to do technical analysis, because it will require a lot of things to do for analysis and lazy people don't want to do it, but if they want to change it, of course he can

Quiting cryptocurrecny or trading is not the solution to the problems. Its the learning ability and overcome the laziness which needs to be addressed if you want to succeed in trading or in any field in the life.

tarukam

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it's true I think crypto is not as easy as you imagine, getting money here needs expertise to understand analysis and this fundamentals are not investments that can make a lot of money if you gambling

justspare

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Quote from: sakokinak on December 28, 2018, 06:57:25 AM

Quit trading if you simply do not like it. If you have a desire to deal with the cryptocurrencies, you should not have a lot of experience - just learn more, and you will soon understand what you really need.

It is always the best option to stop which is not profitable for us. Instead of facing continuous losses with something, it must be right idea to stop that right away. I'm not just talking about trading but in general. Yes, everywhere it will be applicable then why not for trading.

At the same time, I like to suggest to get back into trading after learning all the skill which are essential for profitable trading. Yes, quitting should be for temporarily.

logicgate

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Quote from: cfif123 on December 28, 2018, 09:11:26 AM

Quote from: newbie-hero on December 18, 2018, 12:05:49 PM

Quote from: LuvCyanide on November 30, 2018, 04:25:20 PM

Cryptocurrency in a falling market does not spare not only beginners but also experienced traders.

Most of us have been suffering for a long time, almost a year already. Many guys decided that trading is not their business, and it was their choice. I am not going to give up, however.

That's right because giving up is a person who doesn't want to develop or succeed, because with crypto conditions now it's a great enthusiasm for us to always try to get what we want even if we have to wait for crypto to rise again

It does not make any sense to give up when you know this is just a temporary fall. In trading rise makes fall come and fall ends when rise come. So have patience and keep on moving in forum of trading until you see everything getting better once again. Hold your emotion and see what happens next but never ever give up as people will say such things to discourage you but never listen to them.

cfif123

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Quote from: newbie-hero on December 18, 2018, 12:05:49 PM

Quote from: LuvCyanide on November 30, 2018, 04:25:20 PM

Cryptocurrency in a falling market does not spare not only beginners but also experienced traders.

Most of us have been suffering for a long time, almost a year already. Many guys decided that trading is not their business, and it was their choice. I am not going to give up, however.

That's right because giving up is a person who doesn't want to develop or succeed, because with crypto conditions now it's a great enthusiasm for us to always try to get what we want even if we have to wait for crypto to rise again

fullhdpixel

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Quote from: newbie-hero on December 18, 2018, 12:05:49 PM

Quote from: LuvCyanide on November 30, 2018, 04:25:20 PM

Cryptocurrency in a falling market does not spare not only beginners but also experienced traders.

Most of us have been suffering for a long time, almost a year already. Many guys decided that trading is not their business, and it was their choice. I am not going to give up, however.

For any trading, profits and losses are just part of it and we should not quit for the reason of not finding chances to make profits. We must keep trying so that we will be getting chances to achieve what we actually want to. Making profits from the downfall market is not an easy task, but when the market is not in our favor, it is not good to quit. You must time for the markets to turn positive so that we will resume our profit making way of trading.

sakokinak

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Quit trading if you simply do not like it. If you have a desire to deal with the cryptocurrencies, you should not have a lot of experience - just learn more, and you will soon understand what you really need.

MOBbrothers

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life has always been like this. people failed to know that all that glisters is Not gold. the first stage is always sweet especially when the first trade is successful. we feel the zeal in us thinking that it will always follow the trend. it has never been so. My advise is strictly for people that wants to listen. make sure you take your lessons first before venturing into trading.

johanesrobin

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Quote from: newbie-hero on December 18, 2018, 12:05:49 PM

Quote from: LuvCyanide on November 30, 2018, 04:25:20 PM

Cryptocurrency in a falling market does not spare not only beginners but also experienced traders.

Most of us have been suffering for a long time, almost a year already. Many guys decided that trading is not their business, and it was their choice. I am not going to give up, however.

the difference is mental and emotional, experienced traders do not easily panic and survive with the market situation while newbies tend to be emotional and panic.
this becomes the fundamental of a trader, must be strong with any situation. smart in determining attitudes and smart take the moment to enter and exit the trade.

rhomzkie26

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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 majority of the novice are easy to hype by some of the community in here in the forum. Which is not supposed to be happen actually.
Although, in Trading business many are called but few are chosen to get a huge profit in this industry as well. Meaning, everyone had a chance to become a traders but not all are destined to become successful in this business.

newbie-hero

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Quote from: LuvCyanide on November 30, 2018, 04:25:20 PM

Cryptocurrency in a falling market does not spare not only beginners but also experienced traders.

Most of us have been suffering for a long time, almost a year already. Many guys decided that trading is not their business, and it was their choice. I am not going to give up, however.

KorakPawon

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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.

Actually, if people have their plan and intention, whatever it is, it's natural, you can't complaint about somebody's motives in investing their money. Looking for some profits, getting rich with no burden is of course what people expected from bitcoin. That's why most of them lack of experience and easy to be influenced here and there. People will be more understand along with the journey, their choices and consideration, so it will change by the time.

massbuldog

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Quote from: mornabo on December 14, 2018, 08:49:14 PM

Quote from: shoreno on December 13, 2018, 01:17:50 AM

Quote from: mornabo on December 13, 2018, 01:00:22 AM

Quote from: Shinpako09 on November 30, 2018, 05:57:18 PM

That's why I didn't got hooked in trading. It requires a lot of work and effort. Although I didn't have weak hands, i'm a bit lazy when it comes to trading even how much I'd like to learn it because of being the most profitable among other ways, still laziness come to me. I prefer not to pursue it or i'll just waste my money because of laziness.

for lazy people, trading is not the right place for you, because in trade you will need people who are diligent and conscientious in carrying out technical analysis with various strategies, lots of things to do to predict prices, if you are lazy, of course you are reluctant to do that, dont you?

but being lazy is not an excuse to earn and learn if you really wanted to . me myself was once a lazy guy that doesnt do anything valuebale other than playing games on my phone but until i discovered cryptos and i found out that trading is the best source of income , i then slowly becoming productive and i now value the time for more important things such as doing a research on how can i improve my trading career . its up to the person if he or she wants to change his life for the better .

Yeah, laziness can be eliminated by perseverance and willingness to change, but what I emphasize is that if they are lazy, they certainly won't want to do technical analysis, because it will require a lot of things to do for analysis and lazy people don't want to do it, but if they want to change it, of course he can

In business and trading, there is just no room for laziness and foolishness. You have to be very vigilant and smart to make things happen. The right decision at the right time is very important for the progress of the investment.

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