This year has been really rough on all of us, I have been working for bitcoin for years and this year has seen most of my time going to waste.
I have worked and earned bitcoin as long as I remember and this year has been the only year where my money actually shrunk and by the fact that I do not buy my bitcoins but work for it, this new devaluation has seen many of my hours spent working has gone to zero because I have lost all that earned money into devaluation at the prices.
When you work and save up thousands of dollars and it drops 20% it means that 20% is the time you spent working but never got paid for. This is a big big part of bitcoin and why there is no interest in it anymore. I am a fundamental believer and no matter how much I lose I won't be going out completely keeping some of it in but it just shows why we are here where we are.
Topic: Story of crypto market - page 4. (Read 1009 times)
Use margin in crypto trading is one of the mistake for newbie trader, and second mistake is did not use stop loss and greedy. Learning from previous trading mistake , we should be avoid greedy and create better trading plan. Become successfully trader need times and we should be pass alot of thing like loss, stress and others emotional, but by surpass it we will make our self become pro trader later.
The problem with most newbies is that they are always jumpy and in a haste to want to make every single money they can lay their hands on in the shortest possible time. That is not a bad thing, even though it can be a bad approach to trading most of the time but the funny part of it all is that they tend to discard the side of learning as much as they can before even trying out any market at all, whether a spot market or a margin market and that is how they pretty much get burned most of the time.It is no harm to try out margin trading, as long as you know you can handle yourself, but in the vein of trying to approach the market without knowledge, margin trade can get you done before you even started.
Use margin in crypto trading is one of the mistake for newbie trader, and second mistake is did not use stop loss and greedy. Learning from previous trading mistake , we should be avoid greedy and create better trading plan. Become successfully trader need times and we should be pass alot of thing like loss, stress and others emotional, but by surpass it we will make our self become pro trader later.
Crypto market is full of blood and tears.
Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
The truth remains that anyone who hasn't lost money in cryptocurrency is yet to make a purchase. Profit and loss is the name of this game. It has wrecked more people than it has turned out millionaires. The industry follows the kitchen principle: If you can't stand the heat, get out of the kitchenCertainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
This is true. Those who hasn't lost are those people who are just speculating from behind and as if they are real experts in trading. LMAO.
But if you are going to look closely, those people haven't had any experience in trading. This bear market has really brought majority of us from brink of quitting crypto (at least on my end), however, I just look a the bright side of it and thinking that this is how the early adopters or those who are in the bear season from 2013-2014 and some of them survived up to the last all-time-high and take a lot of profits.
So let us be that person now, lets take this bear season in stride and hope that break out can happen anytime within the remaining months or the start of 2019.
Crypto market is full of blood and tears.
Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
The truth remains that anyone who hasn't lost money in cryptocurrency is yet to make a purchase. Profit and loss is the name of this game. It has wrecked more people than it has turned out millionaires. The industry follows the kitchen principle: If you can't stand the heat, get out of the kitchen Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
immediately wd the profits obtained, Most traders do not realize that profits should not be mixed with capital. for example, you start trading with a capital of $ 5,000 and you have managed to collect profits of $ 1,000. then immediately withdraw the profit. Leave the balance on your account back to $ 5,000.
Why is that?
This is so that you do not "fall asleep" by assuming that your capital is still "safe" even though you are experiencing losses. Like the example above, you have managed to make a profit of $ 1,000 so that your balance becomes $ 6,000. In the next transaction it turns out that you experience a floating loss of up to $ 1,000. In situations like this, a trader often thinks, "Ah, my equity is still $ 5,000 which is 'lost' only yesterday's profit."
This feeling of calm washed away. Often traders who are in such conditions actually expect prices to bounce back, so that he can get a profit. Often it is precisely when he really loses, regret arises because he thinks his hard work of collecting profit before becomes futile. Even quite often traders who mentally dropped at that time and wondered, "Is trading really suitable for me?"
Why is that?
This is so that you do not "fall asleep" by assuming that your capital is still "safe" even though you are experiencing losses. Like the example above, you have managed to make a profit of $ 1,000 so that your balance becomes $ 6,000. In the next transaction it turns out that you experience a floating loss of up to $ 1,000. In situations like this, a trader often thinks, "Ah, my equity is still $ 5,000 which is 'lost' only yesterday's profit."
This feeling of calm washed away. Often traders who are in such conditions actually expect prices to bounce back, so that he can get a profit. Often it is precisely when he really loses, regret arises because he thinks his hard work of collecting profit before becomes futile. Even quite often traders who mentally dropped at that time and wondered, "Is trading really suitable for me?"
This year is very bad situation for crypto market, since 2 years i jumped in to crypto trading, in this year is my biggest loss. Because all crypto going down to much even Ethereum was dumped hard to 85% from the top price. But i believe there are another bull market will be coming soon.
Yes in this bearish market iam loss so much money and the biggest loss that i will never forgot it is loss 0.35 BTC just in aday because the coin dumped by their developer and i was invested in fraud coin. Make invest or crypto trading become more risk now since crypto on bearish, now i can only wait for other bull run to recover loss. I think other trader also has been loss bigger than me, and hopefully bull market is back soon.
Not long ago I was involved in crypto market, still too much to learn how to avoid the loss, I just trying to gain profit and reduce the risk of loss in the crypto market, I also still need knowledge from the experience of others.
In this bearish market i been loss alot money, i bought some coin on february and till now the price continue down. I dont have any choice ,except only hold that coin. My most bad story is loss about 0.4 BTC just in 1 day because the price of the coin dumped by their developer. But i still have hope so that my loss will be recover soon next year, i believe later crypto market will be change to bullish.
A lot of people are experienced that big lost because of the bear market and most of them are decided to cut their loss. Honestly it's a normal situation for me, up and down but high percent of going up. You don't need to worry about the dropped, just believe that it will grow up again.
In this bearish market i been loss alot money, i bought some coin on february and till now the price continue down. I dont have any choice ,except only hold that coin. My most bad story is loss about 0.4 BTC just in 1 day because the price of the coin dumped by their developer. But i still have hope so that my loss will be recover soon next year, i believe later crypto market will be change to bullish.
The story now is it's now getting difficult for the ICOs to sell because of the fund in the crypto and also many scams as well. Hoping that the bear market will subside.
I think for ICO its a different story. You need to really take time to study what projects you are going to invest because just like you said, there are a lot of scams out there and they are very hard to detect not unless someone really calls it out. So just be careful. Millions and millions of dollars being bag by those scam ICO's and those legit are now having a difficult time to attract investors because most of them lost a lot that they are now doubting ICO's even if it is legit.
The story now is it's now getting difficult for the ICOs to sell because of the fund in the crypto and also many scams as well. Hoping that the bear market will subside.
The crypto market lacks systemayic of success hence..
Crypto currrent market condition is moving upwards again...
Crypto currrent market condition is moving upwards again...
Loosing of the money is part of the game one need to learn before becoming a master of trading. The crypto market lacks systematic means of achieving success hence half of the lessons are self taught and try and luck.
I can honestly say that I've never lost a lot of money with crypto, just because I've never invested any fiat.
I've sold a lot during different ATH's, the one before Mt. Gox went down and the latest one at 20k.
But I'm still holding some coins and looking to re-buy when I see that the market is moving upwards again.
I've sold a lot during different ATH's, the one before Mt. Gox went down and the latest one at 20k.
But I'm still holding some coins and looking to re-buy when I see that the market is moving upwards again.
Crypto market is full of blood and tears.
Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
Certainly many people who enter this market long enough will have losses money, even lot of money.
I've lost a lot money because of the margin. When I think I know everything about this market. That moment I was gone.
Have you ever lost a lot of money? Please share with me your story about this market. I want to learn from you. Thanks a lot.
In this current market condition, most of the people in the crypto industry have lost money. I, myself and some of friends too are also incurring losses but we keep on reinvesting in the coins to position ourselves better because I know we'll be seeing the good days again.
If I get out from crypto-currencies in this moment I would be in nice profit. I still
have Bitcoin's that I bought at $2000. I have many tokens now, Ethereum's, Litecoin's
and many others.
My story didn't change since day one, invest when ever you can, earn if you
can, do what ever needs to be done for making good looking portfolio filled
with many crypto-currencies.
It's the plan I have! I'm doing great for now and I believe great times are waiting
for people with crypto-portfolio.
have Bitcoin's that I bought at $2000. I have many tokens now, Ethereum's, Litecoin's
and many others.
My story didn't change since day one, invest when ever you can, earn if you
can, do what ever needs to be done for making good looking portfolio filled
with many crypto-currencies.
It's the plan I have! I'm doing great for now and I believe great times are waiting
for people with crypto-portfolio.
Not acceptable.If you had invested in bitcoin,hold your bitcoin as much time you can.Then surely you will get profit from it.Last year the price of bitcoin will raise some maximum every month.So the investors will get profit based on their investments.But this year,the price is assume to be a stable.Because it reduce further and ,not reduced below certain value.
For margin trading, if you don't know how to do it you will end up losing more money than expected. I lost a great deal of money on OKex futures trading. It was quit experimental but I came to my senses with all my initial cap
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