Trading is a real gambling bro. IMHO the best way to derive money from cryptomarket is basically to mine BTC or ETH. This is a safe option because you earn small amounts and the income is not so volatile. Moreover it is more like a passive income so you may sit and enjoy
Yeah, that's true hwver you must combine mining and trading anyway to know what currencies are better to… I am mining since 2017 and can say that without trading you can earn significantly less. 
Topic: trade makes me poor - page 16. (Read 3480 times)
Trading is a real gambling bro. IMHO the best way to derive money from cryptomarket is basically to mine BTC or ETH. This is a safe option because you earn small amounts and the income is not so volatile. Moreover it is more like a passive income so you may sit and enjoy
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
Not too far from my experience. $1000 dollars is really huge and frustrating. And the thing here is that, we can't really predict the market. There are so many sideways and manipulations. In different kind of tradings, i have learned that there are so many ways to lessen our deficit, always use stop loss and better to move on and start again.
This shows you aren't doing the right thing. It's okay to say you missed out on a trade but saying it makes you poor means you lack the right knowledge about trading. I will advice you to stop and then go for the knowledge as well as meeting a mentor who can teach you all you need to know; it might take time but it will worth it.
I am a live example for this I have made huge losses in trading, trading always comes with the high risk if you do not have experience than it is better not to do trading.
Why do you think so? You should know that trading has a big risk, you can get big profits in an instant, but you can also lose big in an instant. Before trading, you must be prepared for the risks that exist so that you will not regret the decisions you make yourself.
Yes, before entering into the stock market we should prepare for everything because it cannot be same every time to make a profit. There might be pumps and dumps in the market, we should prepare for everything before entering into the market, without risk it is impossible for us to go through in trading.
Trading is not as easy as we think, trade requires high skills and extensive knowledge in analyzing coin prices. Even if you don't have that attitude then you go straight into the world of commerce of course you can easily spend money in a flash. my advice before you trade make sure that you have knowledge about trading.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
I have experienced it already. Getting lost in trading when I was a newbie but I only invested a small amount of my money because I know that I will get rekt as I learn trading. If you are just learning, don't spend too much on trading but spend more time in gaining information and knowledge that can help you trade efficiently. Read some books, find a mentor/s and watch youtube videos. That can help you. If you really want to be a pro trader, spend time learning and researching.
Peoples lose money not only in trading, there is was hacking, scam ico's investing...
That's right, it is better to only invest what someone can afford to lose, and not get involve in crypto trading or investment without basic and proper knowledge.
if I am in your position maybe yes, because it is a very large amount of money, if someone experiences a loss with a very large amount of money their mind is not controlled. trade is not easy, not only speculating but we also have to be asked to monitor the price movements of coins traded. if you don't have this knowledge, are impatient, unable to control emotions, and also careless of course you will easily lose money.
Why do you think so? You should know that trading has a big risk, you can get big profits in an instant, but you can also lose big in an instant. Before trading, you must be prepared for the risks that exist so that you will not regret the decisions you make yourself.
Peoples lose money not only in trading, there is was hacking, scam ico's investing...
That is huge to have lost in this situation of the market as every trade should have stop lost to prevent the rate in which one loss everyday, and also good for who dont know TA and where the coin might be heading for .
The unique of the trade is to gain but if other way round no one will say a good thing about trading but it really need a patient to scale thorough.
The unique of the trade is to gain but if other way round no one will say a good thing about trading but it really need a patient to scale thorough.
I lost 20k USD, and the reason is I didnt hodl a good coin and bought some shitcoins, like OCX exchange coin, and some good ones which were tanking in 2018, eg, btm, soc, cvc. Hope it is still a good time, and maybe as Libra is a double edge sword it will bring more people to cryptocurrency and invest?
The projects I invest now:
BitTorrent
Stellar
Ebakus
RavenCoin
Mithril
DGB
I hope these can recove my loss in years. It is like gambling, but most important is still do your own research and invest the good projects.
The projects I invest now:
BitTorrent
Stellar
Ebakus
RavenCoin
Mithril
DGB
I hope these can recove my loss in years. It is like gambling, but most important is still do your own research and invest the good projects.
There are a couple of very important things to remember.
First, you don't actually lose money unless you cash out or trade at a lower price.
So if you are just keeping the coin, and the price goes up and down, you aren't actually gaining or losing.
If you traded for a loss, was there a specific reason?
Were you just impatient?
Did you choose a coin that didn't perform as well as you hoped.
Experience is the best teacher.
Combine that with research on effective trading strategies and you will only get better and better with time.
First, you don't actually lose money unless you cash out or trade at a lower price.
So if you are just keeping the coin, and the price goes up and down, you aren't actually gaining or losing.
If you traded for a loss, was there a specific reason?
Were you just impatient?
Did you choose a coin that didn't perform as well as you hoped.
Experience is the best teacher.
Combine that with research on effective trading strategies and you will only get better and better with time.
I think all trader have an experience with losing, but some times they have fast recover or not losing so much, cut lose and buy again in the dip can bring back your investment but with patient, many trader have good knowledge but patient is virtue
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
When you lose your money its normal to feel frustrated.Trading is risky especially if you invest in coins that is not well-established.
That's why you have to be prepared for the worse outcome because we cant say if we are going to earn or not.
I will only advise you that in trading there are advantages and disadvantages, so you have to know this basic knowledge, I myself have experienced losses due to Bitcoin trading, but I learned a lot from my failures and started to get back up.
Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.
you should know how to trade correctly, learn before earn, because trading is not gambling
trading is a complicated way to make money my friend, we should analysis the market in all sides,
you must know how to read the chart with technical analysis, then combining with the fundamental my friend
so, you will know when you must buy and when you must sell it
In truth, it is not very easy to make money on a trade without incurring losses, there can always come a moment when you have to incur a loss, but the most important thing is that you do not get discouraged and continue to work on yourself improving your skills and knowledge.
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