Quit cryptocurrency trading its not for you! - page 9.

coinsontheroad

full member

Activity: 336

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.

Or you can learn more in depth about crypto trading. What your describing can be the start for many people. This can lead them down the rabbit hole of trading and eventually hone their skills to be good traders. I don't think discouragement in this area is good.

darkr

full member

Activity: 546

Merit: 100

Quote from: noormcs5 on September 14, 2018, 11:18:06 AM

Gambling and trading are totally different things and they are for different type of people. You can expect a good gambler to be a good trader also and vice versa. Both gambling and trading has different type of profit and losses and both of them is done with a different mindset. A trader may not be looking for instant high profits and also will not expect instant losses while a gambler can be rich with seconds but at the same time risk of losing money is very high as compare to trading. But trading also needs a lot of study which gambling can be done with just fun.

Only the people, who do not know anything about the rules of the crypto world, can compare trading and gambling. The first one is the real job, a hard work needing skills.

passeroutpass

full member

Activity: 438

Merit: 100

I do not understand those people who came to the market and decided that they will be able to earn money thanks to luck. In the end, they lose their money.

ginellis

jr. member

Activity: 85

Merit: 2

Quote from: noormcs5 on September 14, 2018, 11:18:06 AM

Gambling and trading are totally different things and they are for different type of people. You can expect a good gambler to be a good trader also and vice versa. Both gambling and trading has different type of profit and losses and both of them is done with a different mindset. A trader may not be looking for instant high profits and also will not expect instant losses while a gambler can be rich with seconds but at the same time risk of losing money is very high as compare to trading. But trading also needs a lot of study which gambling can be done with just fun.

There is nothing about gambling in this topic. It is obvious that gambling and trading is different because gambling is just a waste of time and money while trading is a very profitable business. You can make huge profits from crypto trading. Gamblers cannot trade because they have no time trading. Trading is not for gamblers especially for addictive gamblers.

Hell-raiser

sr. member

Activity: 462

Merit: 515

Quote from: gilangIDR on September 01, 2018, 10:39:50 AM

Everyone will be able to know the advantages that they have and that includes the skills and knowledge that will be useful in doing something. Like trading that when there is someone who does not have the ability and the future to become a trader, the person should try to stop and change the flow of activities. Choose according to ability because it will be far more useful than when we force things we cannot do.

I cannot say that I completely disagree with your point as it definitely has some substance to back it up. With that said, however, we often overestimate our abilities and thus overstretch ourselves, then become frustrated and disappointed with our underperformance (as we come to think), lose interest as a result, and ultimately arrive at the conclusion that it is not our thing at all. While in reality we just need to move slowly in the chosen direction and do not make rush decisions. The undisputed boxing champions like Mike Tyson or Lennox Lewis, they all started their professional boxing careers by fighting so-called journeymen, who typically have adequate skills but still not quite on par with future title contenders. This gives prospects the ring experience they lack but without risking their boxing career too much if they chose to fight a top-notch boxer right at the very beginning.

BryanRoseWalker

newbie

Activity: 215

Merit: 0

Crypto trading has made me experience a lot of fun and progress over the past two years, a lot of knowledge I know about assets and this I did not get before while still working in the company.

I feel free at this time to determine the steps of life, and the biggest challenge is at times of uncertain fluctuations, but that is not very important because there are still short-term methods that can still be done.

beezunus

full member

Activity: 420

Merit: 100

yes that's true, if we decide to trade in crypto currency then we have to learn a lot about trading so we will know how to do good and profitable trading and can avoid losses, so don't do it without any knowledge about trading

aervin11

full member

Activity: 602

Merit: 103

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.

Such a brat. It is true but I cannot imagine people getting into things that they didn't even know how it operates and goes. If you want to lose your money in the first place, do the research before entering in such investments/trading on crypto, we don't have ETF yet that could help us.

loverets45

jr. member

Activity: 82

Merit: 4

Quote from: Bhargurn on September 14, 2018, 02:48:23 PM

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.

Cryptocurrency trading is not for those who are emotional and don’t control the bearish situation of the market. Patience and courage are the main factors in cryptocurrency trading. If you have these qualities you will become a successful trader but if you do not have these qualities then cryptocurrency trading is not for you. You should do some public or private job. Emotional people are not good businessmen.

ngacengan

full member

Activity: 504

Merit: 100

if you have thoughts like that then you are a person who does not want to learn new technology that can make money, it should be for these readers you must be able to learn trading and you must be able to get benefits and not be able to give up easily and for sure you have to be able to control your patience.

micle222

sr. member

Activity: 784

Merit: 255

I am also aware that there are many investors who have left cryptocurrency now.
I see many telegram groups talking about Offline jobs. But in full I will continue to learn about how to keep on cryptocurrency.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

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 don't think its about trading that's why there's a huge number of newbies trying out Crypto Currency. I know a forum from my country and there you can see people inviting others to try earning Bitcoin because there's a lot of way to earn from it, one of them is through signature campaigns here. They make it sound like all you have to do is post something and you'll be paid. You must be thinking whats in it for those who invites new members in this forum. They give them a link to a local exchange site where they can earn for signing up a new user.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Vanshenz on September 03, 2018, 01:25:04 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.

many beginners trade while they don't know the science of commerce completely, they just think that TRADE CAN PRODUCE PROFITS, even though trading is not that easy. we need a lot of knowledge about trading and have strong predictions to avoid losses.
our success in trading depends on the knowledge and patience that we have, if we always get losses from trading then it would be better if we stopped for a while to find more science, and start trading again after everything was ready.

Actually trading for anyone, but the conditions are simple you have to understand the trade how to do analysis and research, know the risks, and so forth. if you understand everything then trading can be a good way for you to gain wealth, but what happens now is that many people jump into trade without any knowledge capital..

Cryptokarl

newbie

Activity: 154

Merit: 0

It is clear that cryptocurrency is not a get rich quick thing. It is something that needs Patience before been successful in it. You need to learn the ropes very properly before going into it. This is how successful traders did. They paid the price to be successful

lushlife

newbie

Activity: 280

Merit: 0

I don't think you should quit if you lost a trade, there's a saying "Failure is a part of the road to success"
so don't give up or get depress just because you lost a trade, but always remember to know your limits.
Good luck.

Bhargurn

newbie

Activity: 43

Merit: 0

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.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Gambling and trading are totally different things and they are for different type of people. You can expect a good gambler to be a good trader also and vice versa. Both gambling and trading has different type of profit and losses and both of them is done with a different mindset. A trader may not be looking for instant high profits and also will not expect instant losses while a gambler can be rich with seconds but at the same time risk of losing money is very high as compare to trading. But trading also needs a lot of study which gambling can be done with just fun.

Premooooo

jr. member

Activity: 280

Merit: 1

Thanks for my trading I'm not paying much money and many times i lose already all my funds I think it's also time to quit this job i will apply many options in cryptocurrency to earn money.

katuhakuh

jr. member

Activity: 322

Merit: 2

In my opinion, many people want to make money from the cryptocurrancy trade but continue to lose and still insist on trading. As long as they don't learn and they always rush out the same way when they are in a hurry.

lavishlifing

newbie

Activity: 143

Merit: 0

Agreed, this problem needs to be addressed. We should spread awareness
about not trading/investing blindly, in other words you invested because someone
told you crypto trading game will give you hundreds or even thousands profit in
a short time, it is possible if you have the knowledge and skill, so study first.

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