The Reasons Why I Have Lost 50% Of Bitcoin

Naida_BR

member

Activity: 980

Merit: 62

Quote from: alik111 on May 30, 2020, 01:38:22 AM

Actually I am sharing my personal experience with Bitcoin to aware all Bitcoin earners.Hope you all will not make mistakes like me.

At First I started earning bitcoin when its price was around 1000$ and then I worked in crypto for full time.And Day by Day earned 0.1 Bitcoin.Then I suddenly attracted in HYIP(Highest Yield Investment Program) investing and lost my funds gradually and at a time I left it.Then again focused on earning Bitcoin by doing micro works like Airdrops, Social and YouTube Bounty etc .Then I earned Again 0.1 BTC but now Btc Value has increased to 10000$. I have traded in many exchanges like Binance, Mercatox, Kucoin and others and bought Altcoins using Btc.To be true I earned a lot from there.But the last time when Bitcoin Dropped to 4500$ in this Year I made some mistakes by holding Altcoins and by trading without Stoploss and without any proper technical analysis.

So it hurts me when I see that I have lost 50% of my total Portfolio because of some little mistakes.I tried hard but again and again I lose funds when my total Portfolio touches 0.1 BTC..

Suggestions: That's why I think you all should be careful about bitcoin trading and focus on Altcoins when you are expert.And must avoid HYIP investments and go for earning bitcoins without taking high risk.One day you will know what actually means about success.

We have all made some mistakes when we were firstly introduced to the crypto market.
I was scammed in a HYIP even though I had some thoughts that this program was a scam. We are made to be greedy and crypto attracts a lot of people because the market is volatile and many people believe that they are going to earn a lot of money from that.

Jamesdila1

member

Activity: 686

Merit: 10

Some little things that we see as not important like high fees / not setting up stop loss or using exchanges that dont have stop loss option
Trading also without scaling risks
All these things can make a huge difference
My suggestion is always " don't invest what you you can't afford to lose"
Sometimes we trade on impulse and that can be a huge problem

Utoy101

member

Activity: 368

Merit: 11

Quote from: alik111 on May 30, 2020, 01:38:22 AM

Actually I am sharing my personal experience with Bitcoin to aware all Bitcoin earners.Hope you all will not make mistakes like me.

So it hurts me when I see that I have lost 50% of my total Portfolio because of some little mistakes.I tried hard but again and again I lose funds when my total Portfolio touches 0.1 BTC..

Suggestions: That's why I think you all should be careful about bitcoin trading and focus on Altcoins when you are expert.And must avoid HYIP investments and go for earning bitcoins without taking high risk.One day you will know what actually means about success.

It's really so sad seeing oneself lose while on trading adventure and i believe everyone has had that experience no matter how little. The current market condition is very volatile and unpredictable making it very dangerous to trade and that's why a lot of people have abandoned trading for quite sometimes now and focused on holding some of the major coins and tokens because one thing is certain in this space, there will always be up and down movement and once you get yourself positioned when the price is at the bottom, you sell off and take profits when the price increases. Thanks for sharing your experience, i believe many people will learn a lot from it

AakZaki

legendary

Activity: 2366

Merit: 1084

zknodes.org

same as you, I have also experienced a loss in value of assets may be more than 50%. Many mistakes are made, trading without regard to the risks and do not understand the science of analysis and fundemental. Fooled by HYIP investment has also been and even not just me, people who are new to the crypto world will definitely feel it. Managing mental and emotions when trading is very necessary, do not panic when you trade and buy altcoin then the price drops dramatically, it is better to wait for your target to be reached rather than just doing cutloss that will hurt you. All have unpleasant experiences in crypto, but it's a lesson that will make you get up to go again.

princesspoppy

member

Activity: 634

Merit: 10

You just made a mistake, although that's really a big loss, everythings gonna be okay, just let it go, don't think about it over and over, you can start again. Just make sure make good decision this time. You should learn from your past mistake and don't trade with something you don't know and lastly, don't trust HYIP, they don't really guarantee big ROI but rather loss of money, so be careful.

Oceat

sr. member

Activity: 2506

Merit: 368

Well, it's still not too late to get back up again OP, just put that mistakes as a way to not gonna fall again to the same trap. And also, trading in altcoins is a not a good idea anymore because most of them falls in the long run and never get back up. I think you already know that since you are doing some trading but if not then the fault is in you that you did not do your own research. Every altcoins traders are more in risk of losing than Bitcoin traders.

shield132

hero member

Activity: 2450

Merit: 948

Metawin.com - Truly the best casino ever

Quote from: bitcoin_paypal on May 30, 2020, 06:24:14 AM

Thats why hodling is much better than trading for persons without experience in it

Hodling isn't good in overall for people. Imagine you have one billion and don't touch it vs you invested one billion in business and create jobs for people. Which one is better? To my mind, second one. I know that your revenue grows without taking much risks but for society, I prefer second one, where the money isn't in stuck and it's in actual circulation.

Also OP, the problem is that a lot of people don't analyze that when you lose, someone wins. And another major factor is that people don't analyze again that not everyone can become professional footballer, basketball-player, etc. Same applies to trading, not everyone can become a professional trader. If it's not your job, just get out from it and do what you can do better.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: alik111 on May 30, 2020, 01:38:22 AM

Actually I am sharing my personal experience with Bitcoin to aware all Bitcoin earners.Hope you all will not make mistakes like me.

At First I started earning bitcoin when its price was around 1000$ and then I worked in crypto for full time.And Day by Day earned 0.1 Bitcoin.Then I suddenly attracted in HYIP(Highest Yield Investment Program) investing and lost my funds gradually and at a time I left it.Then again focused on earning Bitcoin by doing micro works like Airdrops, Social and YouTube Bounty etc .Then I earned Again 0.1 BTC but now Btc Value has increased to 10000$. I have traded in many exchanges like Binance, Mercatox, Kucoin and others and bought Altcoins using Btc.To be true I earned a lot from there.But the last time when Bitcoin Dropped to 4500$ in this Year I made some mistakes by holding Altcoins and by trading without Stoploss and without any proper technical analysis.

So it hurts me when I see that I have lost 50% of my total Portfolio because of some little mistakes.I tried hard but again and again I lose funds when my total Portfolio touches 0.1 BTC..

Suggestions: That's why I think you all should be careful about bitcoin trading and focus on Altcoins when you are expert.And must avoid HYIP investments and go for earning bitcoins without taking high risk.One day you will know what actually means about success.

You should always trade in altcoins with supreme care as they are highly volatile and especially the low volume ones, their price can easily be manipulated by a person or a group of people and if your timing is wrong in entering that market then you are left with a bag of worthless coins commonly known as shitcoins.
Also the basic trading analysis is must before doing any trade in a market as if you don't do the homework then it will be equivalent of throwing your money away.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: Kelvinid on May 31, 2020, 04:58:00 AM

That is pretty hard when you can't able to understand and read charts.

I also would not say it as something easy. Trading is an attempt to make a profit, and we must sacrifice time and money to find the best way to do it. It takes time and energy and money so that trade will produce something valuable.

Quote from: Kelvinid on May 31, 2020, 04:58:00 AM

Losing is a thing that can't be avoided but it can be minimized if we know how to control ourselves.

You are right, besides having expertise in market analysis, self-control is also very necessary. Mastering emotions is another important thing in trading. Price fluctuations are the main cause many people fail to control emotions.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Assface16678 on May 31, 2020, 03:29:55 AM

I am just quite curious why you lose a huge amount in trading we all know that even you are not a pro in trading there is a chance that you will win your games because of having a good knowledge and skills

Yeah there is no need to be a Pro before getting profit in trading but remember that we must have skills,enough time,Knowledge and the most
important thing is capacity to engage whenever there is a losing season,i mean when you constantly chosen the wrong coins to invest with.
and also there are some traders that uses some Bot to at least lessen the opportunity to lose.

If you really want to Gain in trading then better spend more time first before you decide to enter daytrading because for the 20 person that
i have known who enters trading the gainer is only 5 ,and the 10 already quits and the 5 is still struggling to gain and win

If you can't make profit in trading ,try HOLDING maybe you'll find good enough reason to make money inside crypto

serjent05

legendary

Activity: 3052

Merit: 1281

Quote from: alik111 on May 30, 2020, 01:38:22 AM

Suggestions: That's why I think you all should be careful about bitcoin trading and focus on Altcoins when you are expert.And must avoid HYIP investments and go for earning bitcoins without taking high risk.One day you will know what actually means about success.

I agree we must do research and study the market well. Even in a Bitcoin market we should familiarize ourselves in trading, the signals, charts, news, hype, and FUD. This indicators can tell us where the price will go. As of altcoin, you should never trust 100% any projects may it be old or new. We should also keep ourselves updated and always set up stop loss so that whenever the price of a certain altcoin we are trading goes down we can sell them at a reasonable loss.

As of the HYIP, I always avoid that scheme. It will highly not give us a good result, may it be with friends or money.

alquinte

member

Activity: 76

Merit: 10

Quote from: bitcoin_paypal on May 30, 2020, 06:24:14 AM

Thats why hodling is much better than trading for persons without experience in it

That's true in some aspects I guess. But for me, holding has made me lose 50% of my portfolio, which sucks.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

It could be negligence though but the experience is still our best teacher and learning your sharing the lesson you've learned is heroic because not all can easily admit their mistake and share it with everyone.

I am also doing some things as you do like selling products and services and made me paid by bitcoin for a sure earning. Even though trading can provide us higher earnings but it also makes us more susceptible to risk and may lead us to failure. I cannot blame you either on what you did for every one of us in the bitcoin world who are struggling to achieve our goal in the soonest time possible.

Trusting to the one which you have been with and proven by many will be an advantage instead of trying other things like altcoin or investing in HYIP that you haven't tested yet it may either make you lose or missed opportunities in your own home base which is bitcoin.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: alik111 on May 30, 2020, 01:38:22 AM

And Day by Day earned 0.1 Bitcoin......

Wow, you earn a lot, 0.1 bitcoin per day makes you earn 3 BTC per month. I just don't understand why you are not satisfied with that, instead you invested in HYIP, you must be investing with a lot of money here to earn 0.1, may I know how exactly you did that? I'm just curious.

Quote from: alik111 on May 30, 2020, 01:38:22 AM

So it hurts me when I see that I have lost 50% of my total Portfolio because of some little mistakes.I tried hard but again and again I lose funds when my total Portfolio touches 0.1 BTC..

And this one is quite confusing to me, your portfolio touches 0.1 btc while in you claimed you are making 0.1 btc per day before you shift strategy.
I am wondering how much is your capital.

GreenMelon

newbie

Activity: 7

Merit: 0

Quote from: alik111 on May 30, 2020, 01:38:22 AM

must avoid HYIP investments and go for earning bitcoins without taking high risk.One day you will know what actually means about success.

The current site that you call it HYIP is completely scam, the see the daily volume is high, then del the site, but if it honest HYIP then this will be too profitable, for all sides, but there is no.

HYIP At Now, can also be called gambling, with percentage of 50% lose, then you have 50% to win.

Just i think, they see who have referrals, then take ref's money, gives it to who prefer(main).

billykannithi

member

Activity: 330

Merit: 12

Cryptocurrencies are a trap-filled school, you can lose your entire fortune if you're not careful. It is simply that you log into a scam site, identical to the project's official website, from which your Private key is revealed and the hacker will transfer your entire property away. It is also investing in a scam project - projects committed to very high profits, up to 20% -30% / month, you "blurred vision" with that number and investing in will lead to losing blank that investment. It's also your trading through uncensored news channels, fomo - into pumped cryptocurrencies - buying at the top, selling at the bottom or not even having liquidity ... These are just a few reasons. cost you money in this market. Therefore, if you want to make a profit, do your research before making any decisions

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: BITCOIN4X on May 31, 2020, 03:39:12 AM

It seems that this thread is more precisely on the trade discussion board, and the OP can consider moving it.

OP, many investors or traders have the same fate as you, even though we dont know the true amount. HYPE is not new to produce problems for traders. Without good analysis, everything will be destroyed. Losses and profits are reasonable in trading, but to make a profit a trader must do a good analysis.

That is pretty hard when you can't able to understand and read charts. We're not just good to market analysis but we must have a good approach to every market changes it happens. But to the fact that we can't be good at all times and could not anticipate the market flows, that is the reason why we suffer losses.

Certainly, we can't be in trading if we really don't understand what we are doing in the first place. Losing is a thing that can't be avoided but it can be minimized if we know how to control ourselves.

cheater detector

member

Activity: 213

Merit: 53

You should learn how to trading first before trading without any knowledge and analysis. It is why you loss so much money, because you not use it wisely. Also about HYIP, don't easily trusted the project offering too good to be true scheme.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

It seems that this thread is more precisely on the trade discussion board, and the OP can consider moving it.

OP, many investors or traders have the same fate as you, even though we dont know the true amount. HYPE is not new to produce problems for traders. Without good analysis, everything will be destroyed. Losses and profits are reasonable in trading, but to make a profit a trader must do a good analysis.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

I am just quite curious why you lose a huge amount in trading we all know that even you are not a pro in trading there is a chance that you will win your games because of having a good knowledge and skills I'm not judging you I think you just need to have a lot of knowledge in terms of trading also do not trade that you cannot afford and once of my conclusion because you lose I think it is on your margin trading it is too much. One of the best things I highly recommended is avoiding getting trade for the meantime and also you just need to do right now is back to the start what are your mistake what is the cause why you lose on your trading and be careful again to the things you made.

Topic: The Reasons Why I Have Lost 50% Of Bitcoin (Read 633 times)