Topic: THE VERY TRAGIC MOMENT IN FUTURES TRADE HAPPEN AGAIN. (Read 638 times)

Quote from: btc78 on January 29, 2024, 04:08:13 AM

Lots of frustration on social media, especially from new and aggressive traders. The recent events are causing significant losses. Our advice: before diving into trading, arm yourself with knowledge and skills. It's the real deal, and it can impact your life. Trading isn't a game; it comes with costs. Be prepared. 📉💡

No matter how skilled or how equipped you are in trading, bitcoin investment is still the best investment so far compeard with what op meant.

radjie

sr. member

Activity: 1792

Merit: 264

Quote from: radjie on January 29, 2024, 02:56:18 AM

Quote from: radjie on January 29, 2024, 02:56:18 AM

Lots of frustration on social media, especially from new and aggressive traders. The recent events are causing significant losses. Our advice: before diving into trading, arm yourself with knowledge and skills. It's the real deal, and it can impact your life. Trading isn't a game; it comes with costs. Be prepared. 📉💡

Crypto trading can certainly have a bad impact on anyone who doesn't have the patience, knowledge and skills. Many people suggest that before deciding to start crypto trading, they should invest a small amount of money first and choose a type of coin that is already popular. This is done so that they get used to it first and can read market price movements.
Of course, the feeling of frustration due to losing a lot of money in trading is not only felt by novice traders, this is of course due to being too hasty in making decisions and not having extra patience in trading.

It is true that trading might be more risky than simply investing.

I believe you need to be really interested and ready to learn because it is only that way that you can truly appreciate what trading is. Trading is hard and most of the time you might even feel like you do not know what you are looking at and you feel incredibly lost. I personally tried learning about trading but I knew that the most important thing was lacking and that was interest.

Trading is complicated and often requires critical thinking skills. If you are not 100% into trading, you might not be able to see successful results. No one can accurately predict the market but a trader can still make educated guess based on historical patterns. Along interest, you would also need patience. It might take you a while to learn about trading or see any progress in trading but you have to fight through it.

Most importantly, you should be level-headed at all times. Never let your emotions run your decisions because nothing good will come out of it.

Yes, self-control should also be applied in order to minimize the risk of loss. This of course applies to a trader so that he does not make decisions with the wrong steps because he feels frustrated at not being able to control his emotions when he sees price movements that are always decreasing. This is where we must be able to apply patience, skill and also self-control in trading in order to further minimize the risk of loss

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Lots of frustration on social media, especially from new and aggressive traders. The recent events are causing significant losses. Our advice: before diving into trading, arm yourself with knowledge and skills. It's the real deal, and it can impact your life. Trading isn't a game; it comes with costs. Be prepared. 📉💡

Crypto trading can certainly have a bad impact on anyone who doesn't have the patience, knowledge and skills. Many people suggest that before deciding to start crypto trading, they should invest a small amount of money first and choose a type of coin that is already popular. This is done so that they get used to it first and can read market price movements.
Of course, the feeling of frustration due to losing a lot of money in trading is not only felt by novice traders, this is of course due to being too hasty in making decisions and not having extra patience in trading.

It is true that trading might be more risky than simply investing.

I believe you need to be really interested and ready to learn because it is only that way that you can truly appreciate what trading is. Trading is hard and most of the time you might even feel like you do not know what you are looking at and you feel incredibly lost. I personally tried learning about trading but I knew that the most important thing was lacking and that was interest.

Trading is complicated and often requires critical thinking skills. If you are not 100% into trading, you might not be able to see successful results. No one can accurately predict the market but a trader can still make educated guess based on historical patterns. Along interest, you would also need patience. It might take you a while to learn about trading or see any progress in trading but you have to fight through it.

Most importantly, you should be level-headed at all times. Never let your emotions run your decisions because nothing good will come out of it.

radjie

sr. member

Activity: 1792

Merit: 264

Quote from: john1010 on January 26, 2024, 06:26:06 AM

Lots of frustration on social media, especially from new and aggressive traders. The recent events are causing significant losses. Our advice: before diving into trading, arm yourself with knowledge and skills. It's the real deal, and it can impact your life. Trading isn't a game; it comes with costs. Be prepared. 📉💡

Crypto trading can certainly have a bad impact on anyone who doesn't have the patience, knowledge and skills. Many people suggest that before deciding to start crypto trading, they should invest a small amount of money first and choose a type of coin that is already popular. This is done so that they get used to it first and can read market price movements.
Of course, the feeling of frustration due to losing a lot of money in trading is not only felt by novice traders, this is of course due to being too hasty in making decisions and not having extra patience in trading.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

I appreciate your advice on futures and leverage trading. You are right, they are not for beginners and they involve a lot of risks. But I also think they have some benefits, like leverage and hedging. Leverage lets me trade more with less money, and hedging helps me protect my spot position from price drops. Of course, I always have a stop-loss and a profit target in place, and I never risk more than I can afford to lose. I respect your choice of investing in crypto for the long term, but I also enjoy the thrill and challenge of trading in the short term. To each their own, right? 😊

I like long term trading. And I still respect short-term traders like you. You have the advantage of buying several altcoins that have the potential to rise and then selling them at a certain price. This cannot be done by long-term investors because investing in many altcoins for the long term risks losing your investment funds. Because not all altcoins can last several years (Dead Coins: Over 50% of Cryptocurrencies Have Failed). Long-term investors can only invest in certain coins that have good fundamentals.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Quote from: john1010 on January 26, 2024, 06:26:06 AM

Lots of frustration on social media, especially from new and aggressive traders. The recent events are causing significant losses. Our advice: before diving into trading, arm yourself with knowledge and skills. It's the real deal, and it can impact your life. Trading isn't a game; it comes with costs. Be prepared. 📉💡

We need to understand that future trade is not for everybody. It is good for us to know what we are doing and we don't have to do things that would cause problem for us in the future. Trading has risk management that we have to abide to by all means and we don't have to feel too greed to make fast profits immediately. It is good when we organize ourselves and put and trade in proper consideration on what if the market go against us, what do we tend to lose in a long run.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

...
I appreciate your advice on futures and leverage trading. You are right, they are not for beginners and they involve a lot of risks. But I also think they have some benefits, like leverage and hedging. Leverage lets me trade more with less money, and hedging helps me protect my spot position from price drops. Of course, I always have a stop-loss and a profit target in place, and I never risk more than I can afford to lose. I respect your choice of investing in crypto for the long term, but I also enjoy the thrill and challenge of trading in the short term. To each their own, right? 😊

Leverage gives users to trade with the money they don't have which can end up positively or negatively but I will always prefer the spot trader over anything because its our money so we can make the decisions with no extra fear factor but when we are doing something that is not our's we always be very careful and not to take the risk even if we want to.

However I guess you have the experience of how to minimize the loss in case it happens but generally, people aren't aware of it and just go all in when they hear they can make more money which is wrong in my opinion.

Luffygroove

member

Activity: 966

Merit: 25

Ton Together | Save Smart & Win Big

One of the things that people should know before jumping into the crypto space is absolutely about the risks. Futures trading is an extra-high-risk way to trade that can bring you either prosperity or poverty. Don't pamper your greedy side, people. You really need to be in your cold head before deciding to use a certain strategy in the crypto space. There are many examples, and many people share their bad experiences with crypto too, so take a lesson. Don't let you experience it by yourselves.

john1010

hero member

Activity: 2100

Merit: 562

Quote from: Tipstar on January 25, 2024, 10:33:03 AM

Quote from: john1010 on May 24, 2021, 07:06:24 AM

Quote from: john1010 on May 24, 2021, 07:06:24 AM

We will always hear this kind of stories especially during the bull run, some people will lose, while some people will make money. The sad reality is there's a lot of newbies who are convinced that trading or investing is profitable, but in reality, it depends on your knowledge and skills, and it's like gambling where one could make or lose.

Yup, newbie who are so aggressive lack of knowledge but only guts, they are the one who've become the milking cow of those playing around the market. The problem is, some of these newbies are victims of so called hype in social media and they are the easy target, we all know that in trading, someone will lose and someone will gain money from losers.

Futures and leverage trading are risky business and people should not venture towards it unless they have plans for every market movement. A good trader should have loss stopping strategy and know where to book profit. For lesser risks, it's better to trade with your own money as even though the price crash, you'd not be liable for more than your own money.
Investment on the other hand is a much laid back approach towards crypto. You don't have a loss until you sell for a lower price than you bought. Historically crypto always had been on upward trend and having patience in investment would pay sooner or later.

I appreciate your advice on futures and leverage trading. You are right, they are not for beginners and they involve a lot of risks. But I also think they have some benefits, like leverage and hedging. Leverage lets me trade more with less money, and hedging helps me protect my spot position from price drops. Of course, I always have a stop-loss and a profit target in place, and I never risk more than I can afford to lose. I respect your choice of investing in crypto for the long term, but I also enjoy the thrill and challenge of trading in the short term. To each their own, right? 😊

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

Quote from: livingfree on May 23, 2021, 03:35:33 PM

We will always hear this kind of stories especially during the bull run, some people will lose, while some people will make money. The sad reality is there's a lot of newbies who are convinced that trading or investing is profitable, but in reality, it depends on your knowledge and skills, and it's like gambling where one could make or lose.

Yup, newbie who are so aggressive lack of knowledge but only guts, they are the one who've become the milking cow of those playing around the market. The problem is, some of these newbies are victims of so called hype in social media and they are the easy target, we all know that in trading, someone will lose and someone will gain money from losers.

Futures and leverage trading are risky business and people should not venture towards it unless they have plans for every market movement. A good trader should have loss stopping strategy and know where to book profit. For lesser risks, it's better to trade with your own money as even though the price crash, you'd not be liable for more than your own money.
Investment on the other hand is a much laid back approach towards crypto. You don't have a loss until you sell for a lower price than you bought. Historically crypto always had been on upward trend and having patience in investment would pay sooner or later.

john1010

hero member

Activity: 2100

Merit: 562

A newbie shouldn't do trading if he's not familiar with it. And if putting it on futures, putting himself into high leverage, the likely of being liquidated is very high.

I keep seeing those people sharing their experiences and how they've ended being liquidated. It's good that they can still share it because they have accepted their losses and what happened. But those people that have tried it and then liquidated who can't move on, they're the ones that are unlikely to recover because they are dwelling with that mistake and experience.

Absolutely agree! Trading, especially with futures and high leverage, can be a tough game. Newbies should take it slow, learn the ropes, and avoid diving into risky waters too quickly. It's unfortunate to see people getting liquidated, but the silver lining is those who can share their experiences and learn from their losses. It's crucial to accept mistakes, grow from them, and move forward. Dwelling on losses can hinder recovery. It's a learning journey, and resilience is key. 💪📈

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Right. However, how to convince a person of this who does not know anything about trading, but knows that Bitcoin Ethereum and other coins have made x2 or more in a certain period of time?
Plus, some people will tell him that trading is easy. Therefore, until an individual experiences the bitterness of defeat from trading on his own skin, he will not understand how to cook it.

nowlscor18

member

Activity: 282

Merit: 11

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: senyorito123 on May 26, 2021, 10:51:54 AM

Quote from: TWW on May 26, 2021, 09:58:19 AM

Quote from: speedforce on May 26, 2021, 09:27:22 AM

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Its true, also many position opened because many trader try to open position in some of supports, and when dump happen it opened then liquidated very fast.
Its like throwing money and you cant stop it.

all that happened very naturally. everyone will try to save their money even at a loss. And most of them will build their investment and trade again from the ground up when the market actually shows a good signal to buy.
we will never know what could actually happen in the market in the future. but a longtime trader and investor must have experienced the hard times of the crypto market.

We cannot totally say what may happen in the future, but what already happened may will have it's way back again to that situation which is just a normal thing in crypto. What we need to do is ready ourselves about that thing in order to avoid worries, negative mind and not to panic when experiencing it again.

We can't predict what things we might be facing for the future, but we are still hoping that everything will go with the flow just like how everyone wish that everything about crypto will be back to normal to a nice process. We will just need to ready ourselves for what we might be facing especially these days in order for us to avoid negativities and must expect hard times in crypto market for it is it's flows and accept if it will happen again. No one want's it but this is the crypto world, expect everything happened but don't lose hope.

Flowzer

full member

Activity: 490

Merit: 107

Quote from: ?? on ??

and I don't think anyone knows for sure or in detail about the market situation, but predictions can make you minimize your losses or maximize your profits instead of doing nothing and just following people who buy coins because of fomo from famous people or just hear that news and buy it before do research first.

But its the easiest way to earn profits, surf the trends even if it's very risky.
Also, My only way to interact with market recently is only on hold on spot, dont do any trade on leverage trading because market can flip agains you anytime.
Of course research is a must, but nowadays influence sentiment can trigger market too.

wheelz1200

legendary

Activity: 3752

Merit: 1415

There's a lot of people posting Frustration in social media and most of these people are new blood and aggressive in trading, This event will surely create huge amount of loss, but we always encourage people that before they put the money in trading they need to arm themself with knowledge and skill, because trading is the real thing and it will cost you something and will cause to change your living.

If you are futures trading crypto you can't be mad at any result that happens lol. That is like risk on top of risk. I wouldn't be able to sleep knowing I could be called right in my sleep before I even wake up. Can't hack the downside then DONT DO IT.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Futures trading is a lot riskier and takes a good analysis and strategy to be able to gain but the recent dip was unexpected and many traders lost because of it. This is crypto, bad or good can happen people to lose a lot of money if they poorly manage the risks.

BaeSuzy

full member

Activity: 854

Merit: 100

For those people who still crying because of their decision they just need to blame himself because he spend money they can't afford to lose and maybe they just follow the trend to invest without 0 knowledge about that coin they invested in.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

There's a lot of people posting Frustration in social media and most of these people are new blood and aggressive in trading, This event will surely create huge amount of loss, but we always encourage people that before they put the money in trading they need to arm themself with knowledge and skill, because trading is the real thing and it will cost you something and will cause to change your living.

This is something that happens to new traders, they do not understand that just as leverage can increase their profits it can also increase their losses and they can lose all their money in a single movement of the market, and doing such a thing is not trading that is gambling, after all if you actually had a way to earn money from the markets then you are not going to have to take such high risks as you could play your trades in a conservative way and still earn money, so unfortunately while I do not like people losing money this was going to happen to them eventually.

TokenForUs

member

Activity: 392

Merit: 10

Ccfound

This is why i dont like trading futures. Cryptocurrencies it selaf is very volatile, it could goes down or up 50% in one day. Even if you only use 2x margin trade you could possibly liquidated when the market crash. And i dont even have a ball of steel to do that. People who did 50x margin is more insane. When its down just 3% it will be liquidated and lose his money.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: chanler on May 26, 2021, 08:57:17 AM

~

Thing is some people expect too much from the volatility of the market. Trends are being forgotten that there will be times that top coins like Bitcoin would be stuck or stabilize at certain price range. Felt that when it was 7k-ish in 2019.
There are newbies that aren't even familiar with the bearish side of the market.

Cool meme there, OP btw.

Digital_Lord

hero member

Activity: 1498

Merit: 502

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Yes, there are many new users taking interest in trading and crypto but first they should learn basic things about crypto and Trading. They should learn which time is good for taking entry and which time is good for exit from market.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

I do not understand why people who do not have the proper training or the knowledge of high leverage trading do end up doing it. Like what's the point of it. Just because I know what basketball is, I do not sign up to play for the Lakers do I? Not that they would get me obviously, whereas you CAN do a leverage trading without knowing it, but it would look silly right? That's exactly what's going on, people who didn't studied and learned about leverage for years and years end up doing it without knowing how it exactly works is exactly the same as me putting on a jersey and going out to play for the Lakers in the playoffs, there is ZERO difference between them.

The level of difference between people who make money from leverage versus people who are very new to it is exactly the same as my basketball talents versus Lebron James, which is why if you are noob on futures you should not do it but somehow they still end up doing it just because they can.

jostorres

hero member

Activity: 2562

Merit: 586

don't expect instant profit in the crypto world because it takes a process. if people haven't even studied crypto well and started trading right away then that would be self-defeating. this is what often happens to new people who want to immediately get big profits from crypto without adequate knowledge. therefore it is important to learn little by little because in addition to knowledge, skills are also needed to be able to analyze the market well.

There is really a weird period in crypto world where people actually did made profit instantly and that is why there is a shocking amount of people who think that they could do the same thing because it did happen and it is not a new thing and it is not an impossible thing that never happened before. It can happen and I think it will happen again in the future when we are hyping.

I have seen a friend turn 700 dollars into 40 thousand dollars with one leverage, it was the most stupidest move I have ever seen, he doesn't know a lick about leverage trading and yet he still somehow made that kind of money. So that is why I think there were people who ended up doing the same and lost a lot of money because it was something that happened but it was a very rare thing and not really happens that frequently.

Koutami

member

Activity: 155

Merit: 13

Quote from: TWW on May 26, 2021, 09:58:19 AM

Quote from: speedforce on May 26, 2021, 09:27:22 AM

Quote from: TWW on May 26, 2021, 09:58:19 AM

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Its true, also many position opened because many trader try to open position in some of supports, and when dump happen it opened then liquidated very fast.
Its like throwing money and you cant stop it.

all that happened very naturally. everyone will try to save their money even at a loss. And most of them will build their investment and trade again from the ground up when the market actually shows a good signal to buy.
we will never know what could actually happen in the market in the future. but a longtime trader and investor must have experienced the hard times of the crypto market.

Its not naturally, if the trader can access Binance faster, they could stop its become liquidated.
We need a better platform for sure, Binance not ready for huge traffic, or its Binance strategy to take profit from liquidate trader?

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: speedforce on May 26, 2021, 09:27:22 AM

Quote from: john1010 on May 24, 2021, 07:06:24 AM

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Its true, also many position opened because many trader try to open position in some of supports, and when dump happen it opened then liquidated very fast.
Its like throwing money and you cant stop it.

all that happened very naturally. everyone will try to save their money even at a loss. And most of them will build their investment and trade again from the ground up when the market actually shows a good signal to buy.
we will never know what could actually happen in the market in the future. but a longtime trader and investor must have experienced the hard times of the crypto market.

We cannot totally say what may happen in the future, but what already happened may will have it's way back again to that situation which is just a normal thing in crypto. What we need to do is ready ourselves about that thing in order to avoid worries, negative mind and not to panic when experiencing it again.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: speedforce on May 26, 2021, 09:27:22 AM

We will always hear this kind of stories especially during the bull run, some people will lose, while some people will make money. The sad reality is there's a lot of newbies who are convinced that trading or investing is profitable, but in reality, it depends on your knowledge and skills, and it's like gambling where one could make or lose.

Yup, newbie who are so aggressive lack of knowledge but only guts, they are the one who've become the milking cow of those playing around the market. The problem is, some of these newbies are victims of so called hype in social media and they are the easy target, we all know that in trading, someone will lose and someone will gain money from losers.

Even with a less experience in trading newbies usually trade with a high leverage trading thus got rekt easily they never consider the high volatility of the price but throw in their funds in a bid to make huge profits whereas they lack all the necessary skills to achieve that having been convinced with fake and photoshoped trading results found on social media thinking that trading is very easy and profits can be earn cheaply, this is a wake up call to all intending new crypto traders to follow the learning process in order to be a successful trader.

TWW

full member

Activity: 1456

Merit: 109

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Its true, also many position opened because many trader try to open position in some of supports, and when dump happen it opened then liquidated very fast.
Its like throwing money and you cant stop it.

all that happened very naturally. everyone will try to save their money even at a loss. And most of them will build their investment and trade again from the ground up when the market actually shows a good signal to buy.
we will never know what could actually happen in the market in the future. but a longtime trader and investor must have experienced the hard times of the crypto market.

speedforce

full member

Activity: 758

Merit: 104

Quote from: Atang Sulaeman on May 26, 2021, 09:15:19 AM

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Its true, also many position opened because many trader try to open position in some of supports, and when dump happen it opened then liquidated very fast.
Its like throwing money and you cant stop it.

Koutami

member

Activity: 155

Merit: 13

There's a lot of people posting Frustration in social media and most of these people are new blood and aggressive in trading, This event will surely create huge amount of loss, but we always encourage people that before they put the money in trading they need to arm themself with knowledge and skill, because trading is the real thing and it will cost you something and will cause to change your living.

The inexperience of newcomers to the crypto world is indeed very painful because of their lack of experience in trading, everyone will definitely feel the pain of losing assets if they experience a loss, but all must come back again to increase research at every step and stage.
experience is what keeps people going and continuing to learn.

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Flowzer

full member

Activity: 490

Merit: 107

There's a lot of people posting Frustration in social media and most of these people are new blood and aggressive in trading, This event will surely create huge amount of loss, but we always encourage people that before they put the money in trading they need to arm themself with knowledge and skill, because trading is the real thing and it will cost you something and will cause to change your living.

The problem is binance lagging when dumps happen, its somehow prevent many people to cutloss their position. In my case, i only can save 10% of my margin when the dumps happen.
Its not a good thing for the biggest crypto exchange, i will stop trading until that thing fixed.

Atang Sulaeman

full member

Activity: 910

Merit: 101

Quote from: Beparanf on May 23, 2021, 09:51:52 AM

There's a lot of people posting Frustration in social media and most of these people are new blood and aggressive in trading, This event will surely create huge amount of loss, but we always encourage people that before they put the money in trading they need to arm themself with knowledge and skill, because trading is the real thing and it will cost you something and will cause to change your living.

The inexperience of newcomers to the crypto world is indeed very painful because of their lack of experience in trading, everyone will definitely feel the pain of losing assets if they experience a loss, but all must come back again to increase research at every step and stage.
experience is what keeps people going and continuing to learn.

chanler

member

Activity: 753

Merit: 15

mulierum.com

don't expect instant profit in the crypto world because it takes a process. if people haven't even studied crypto well and started trading right away then that would be self-defeating. this is what often happens to new people who want to immediately get big profits from crypto without adequate knowledge. therefore it is important to learn little by little because in addition to knowledge, skills are also needed to be able to analyze the market well.

grabpopcorn536

member

Activity: 476

Merit: 12

Quote from: grabpopcorn536 on May 23, 2021, 09:10:06 AM

We repeat the bear market of 2020. This time it looks more severe as most cryptocurrencies have fallen near their ATH levels and many altcoins have split 3.4 times in value instead of halving as in May. March 2020.
This price drop has severely affected the entire market and we don't know when it will end. This price drop can cause most futures traders to liquidate their accounts.

The current price is still the All time high few months ago if you check price history. This bloodbath is very serious for those new traders that bought on top. But for old traders like me who's holding and buying BTC @10K level below, This current price is still high same as altcoin price since most of it was on the same level as BTC that time. Nothing new, It will recover soon.

A rebound happens in every major drop, this one seems too quick and the consequences are more severe than the whole of March 2020. We cannot determine if the bull season continues or not because of the drop. The price is always showing signs and if Bitcoin does not return above the $43k, $46k resistance mark, it will be difficult to guarantee the continuation of the bull run.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Mauser on May 25, 2021, 02:00:56 AM

I got asked by my nephew on Sunday how he could buy some bitcoins. He is 14 and wants to trade with bitcoins. I had no idea that he even knows what it is. After a little bit of talking I realised that he had no really idea what bitcoins are or how to trade them, but he heard from others that you make money with bitcoins. Had to promise him that next time I buy some o would buy some for him too as his birthday present. I think at 14 you are just too young.

I think you explain to him the investment things to use for trading because he needs to learn more about trading. Maybe you can teach him a little about trading and explain the danger of trading if he does not have the right skills to analyse. It is a good idea to teach young people to know about bitcoin to prepare their future better.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Maybe it's not repeatable moment for those who depressed, most of them are newcomers to crypto and was get hooked into crypto because they saw a lot of profits that people made in a short time. I was also one of the people who depressed when market crash in 2018. So right now is the 2nd time for me and i'm getting hype for buying more and wait my profits in the future years

lienfaye

hero member

Activity: 3010

Merit: 629

Many people are still lazy to gain knowledge first before engaging themselves in crypto, then if something unexpected happen they will find someone to blame or spread rumors that they got scammed for investing in crypto. This is the problem you might face if you didnt follow the simple rule before starting your journey in crypto. Knowledge and understanding are a must to be aware of what to expect because you cant expect for the situation to go as planned.

There's no guarantee to gain but you can always have a high chance to earn if you know what you do and knows how to deal with different market situation.

Mauser

hero member

Activity: 1974

Merit: 534

I got asked by my nephew on Sunday how he could buy some bitcoins. He is 14 and wants to trade with bitcoins. I had no idea that he even knows what it is. After a little bit of talking I realised that he had no really idea what bitcoins are or how to trade them, but he heard from others that you make money with bitcoins. Had to promise him that next time I buy some o would buy some for him too as his birthday present. I think at 14 you are just too young.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: Viscore on May 23, 2021, 06:11:47 PM

We all have to deal this bloodbath and its up to us how we will work things out despite of the dump market. This is definitely not new to us as we always experience bear season after its long buying and market profiting.

The newbies might see this season as a threat to loss their investment but for us the old and strong hands, bearish season will always bring us new opportunities to buy and sell them at its top price. If you can't handle a single correction, i think crypto market won't work out for you.

I have been around for three bear runs right now and I can handle all of it without any problem. I was here when that 2014 drop happened, it went to 1400 dollars and I thought to myself that I am rich beyond my wildest dreams, then it crashed, then 2017 happened and I felt the same thing, it was nearly 8x higher than the previous one and I believed I would never have to work again, then we had this one which peaked 64k and I imagined the same thing.

Whenever the price goes up I believe I am going to get rich, I make calculations on "if this keeps up another year I will be super rich" each of those times and at all those three times I end up with just a bit of profit, I am happy that I am an early investor for many coins and made a good amount of profit that allowed me to buy some vital stuff for life, but I am not sad when it goes down. Happy when up, normal when down because that is how it should be.

HanaTenun

sr. member

Activity: 817

Merit: 250

We will always hear this kind of stories especially during the bull run, some people will lose, while some people will make money. The sad reality is there's a lot of newbies who are convinced that trading or investing is profitable, but in reality, it depends on your knowledge and skills, and it's like gambling where one could make or lose.

yes it looks faintly like gambling, but I don't call it that, this is a trade where we trade and expect big profits but trading also sometimes trading can also bring losses, which is normal. like what you say they lack knowledge and are too reckless they only think of big results and don't know how to analyze it.

john1010

hero member

Activity: 2100

Merit: 562