Trading crypto is a different ball game

Fredomago

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Quote from: Bitlover10 on September 12, 2020, 08:39:32 PM

Trading in crypto is really very difficult ball game and more risky then stock. Its need fully risk management and research because one single news makes high fractutuation in price. Also if you are a future trader your risk going to be high and you need to keep an eyes on the market 24x7 hours. It's gives you a lot of pressure. So keep away from future trading and be in spot and do safe trading.

You need to realize how you will manage time when you are doing this kind of trading. There are significance where people tends to choose this kind of practices anticipating that their entries will comes up good and bring decent to their investment, it's all about how well you'll going to monitor your assets and how well you understand the business.

Bitlover10

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Trading in crypto is really very difficult ball game and more risky then stock. Its need fully risk management and research because one single news makes high fractutuation in price. Also if you are a future trader your risk going to be high and you need to keep an eyes on the market 24x7 hours. It's gives you a lot of pressure. So keep away from future trading and be in spot and do safe trading.

TheUltraElite

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Quote from: Kamilaz on September 07, 2020, 10:53:55 AM

Only go for pump and dump if you're the luckiest person on earth. Otherwise, settle with long term investment. Patience is key.

Your advice is strange. How can someone know that a coin is going to pump and dump if they never owned it and never checks its price charts? Of course if you own it already then you should sell at the big pump because it never might go up again and because 99% of the altcoin projects are bound to fail. But otherwise it would wrong to jump into it. You see a 400% price rise on some shitcoin that you never heard of, dont buy it hoping it will go up more, it is a inorganic pump.

But yes a long term holding of bitcoin is definitely like a fixed deposit in a bank as long as you can sell it in future.

Oilacris

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Quote from: South Park on September 11, 2020, 03:03:47 PM

Quote from: ?? on ??

Quote from: proscratcher on September 06, 2020, 03:33:02 AM

Yes, the cryptocurrency market is a different animal. It is very volatile as of the moment and you were been trading on other markets like stocks, you get shocked into this space.

Main reason why most banks and major traders are not in to it yet. It needs to become stable to get big sharks to it

Then we will have to wait for a very long time, people complain about the volatility of bitcoin but this is what the volatility of a free trading asset looks like, stock markets are not really free, they have a bunch of regulations to reduce the volatility especially when the market is going down and those measures are impossible to apply in something like bitcoin, so anyone interested in this market will have to accept it or simply refuse to participate, after all we do not really need anyone that does not really want to be here.

Would like to say the same thing on which theres no one who do forces you out to make investment or do get involvement with crypto.This isnt like with forex and stocks

when it comes to movement and regulation aspect.As we know that this is indeed a free market which no one can really dictate out on how prices do move.There might be some other

factors that can give out effects but not really that much considering that this market is composed of big community.Trading crypto is indeed different and if you do get

used to traditional markets then you will see that difference.

South Park

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Quote from: ?? on ??

Quote from: proscratcher on September 06, 2020, 03:33:02 AM

Yes, the cryptocurrency market is a different animal. It is very volatile as of the moment and you were been trading on other markets like stocks, you get shocked into this space.

Main reason why most banks and major traders are not in to it yet. It needs to become stable to get big sharks to it

Then we will have to wait for a very long time, people complain about the volatility of bitcoin but this is what the volatility of a free trading asset looks like, stock markets are not really free, they have a bunch of regulations to reduce the volatility especially when the market is going down and those measures are impossible to apply in something like bitcoin, so anyone interested in this market will have to accept it or simply refuse to participate, after all we do not really need anyone that does not really want to be here.

dimonstration

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Dimon6969

Quote from: lixer on September 10, 2020, 12:16:29 PM

Cryptocurrency was created for transaction, but people saw the chance to make money through and the majority of them are getting in for that alone, and when it’s not working for them they decide that it’s time for them to quit. That’s the same thing that’s happening, he didn’t see that opportunity to earn money so he decides to call it a quit and go with the remaining he has left in cryptocurrency, though I don’t think he is really at loss here, the last tweet didn’t mention how much he earned at last, rather it said that he dumped the bag on them while the first one said he lost $25k.

So, it’s quite possible that he lost at first and then decided to try Link and recovered everything he lost before deciding to quit.

He didn't really quit as per his post he will try to study the market, he might win in last or not I think it he knows the drill and risk in crypto as well in Stocks since he even loss 1M in Stocks as per his tweet. Sometimes when we already use in doing what we're best as like for him in Stocks we applies it in crypto which way different in Stocks and with higher risk and volatility. We will need to weigh our knowledge and expectations in both different platforms so studying it carefully is a must.

Mahanton

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Quote from: lixer on September 10, 2020, 12:16:29 PM

Cryptocurrency was created for transaction, but people saw the chance to make money through and the majority of them are getting in for that alone, and when it’s not working for them they decide that it’s time for them to quit. That’s the same thing that’s happening, he didn’t see that opportunity to earn money so he decides to call it a quit and go with the remaining he has left in cryptocurrency, though I don’t think he is really at loss here, the last tweet didn’t mention how much he earned at last, rather it said that he dumped the bag on them while the first one said he lost $25k.

So, it’s quite possible that he lost at first and then decided to try Link and recovered everything he lost before deciding to quit.

You are right and this had been always the perception of most people when it comes to crpyto which they do believe that its on the investment side without realizing that it isnt really the reason on why its been created
which is solely talking about decentralization or in payment system.
For people who do just lost their money just because they do expect that much on gaining bucks on easy or quick process then that where theyre totally wrong and the situation given or exampled does show
to those people who do just jumped in with those kind of wrong hopes and when real situation slapped on into their faces then they do say negative things without even realizing
on what they have done.

lixer

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Cryptocurrency was created for transaction, but people saw the chance to make money through and the majority of them are getting in for that alone, and when it’s not working for them they decide that it’s time for them to quit. That’s the same thing that’s happening, he didn’t see that opportunity to earn money so he decides to call it a quit and go with the remaining he has left in cryptocurrency, though I don’t think he is really at loss here, the last tweet didn’t mention how much he earned at last, rather it said that he dumped the bag on them while the first one said he lost $25k.

So, it’s quite possible that he lost at first and then decided to try Link and recovered everything he lost before deciding to quit.

Kamilaz

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Only go for pump and dump if you're the luckiest person on earth. Otherwise, settle with long term investment. Patience is key.

proscratcher

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Yes, the cryptocurrency market is a different animal. It is very volatile as of the moment and you were been trading on other markets like stocks, you get shocked into this space.

South Park

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I am terrible at Fantasy Football!!!

Quote from: apache20 on September 01, 2020, 04:55:13 PM

When I heard about this I really started to wonder if it's true how they say that anybody trading stocks with a bunch of money to throw around looks like an expert in a bull market. I have never traded stocks much but my experiences trading crypto has been really really difficult. That being said, I don't see how stocks would be much easier..

Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not.

I'm not an expert but the impression that I get is that people really believe that they know how to trade despite not making any effort to improve their skills in that area if they happen to enter the market when there is a bull market, and this can be very damaging for their future career as traders and as investors because anyone that has been in the market long enough knows that those two activities are not easy at all and the real talents of a trader show when things do not go according to plan and the only way to improve your skills on those circumstances is to put all your effort into studying those subjects, something that very few people do.

goldade

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The Standard Protocol - Solving Inflation

This is a very interesting piece of news. I believe such conclusions after just a week in trading is unreasonable.
There are 2 points to consider here.
1. One week isn't enough to make such judgment.
2. He most likely didn't care to study how trading crypto works because of how experienced he is, trading other markets.

Even if one is an experienced trader trading crypto, one week isn't enough to count your losses or profit. One should give it time.
Secondly, trading without getting the necessary knowledge and skills will only result in losses. He's an experienced trader, he should know this.

However, just like OP said, it might have a negative impact in making people, especially his followers, stay away from bitcoin

Dime miner07

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Trading cryptocurrency required well versed technical analysis. It always works. You can make a decent amount of money doing a scalping trade. That is based on experienced. Volatility is the strength of cryptocurrency market.

Dorodha

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Truly trading crypto is a different ball game it is very difficult to say which way the crypto market will ever go. The crypto market is affected in the ups and downs although it depends on the fate it is often easy to change the destiny by using one's own knowledge and experience. before trading in crypto you have to learn well and verify which currency is better. Then you don't have to suffer too much even if the market goes up and down the whale market is very dangerous. At that time it is better to stop investing.

Btc_1856

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Quote from: Bitlover10 on September 04, 2020, 10:00:22 PM

I know in this field many possibilities happen but it's also true that those possibilities only for big money investors not for regular traders. Regular traders makes 100 200 or 300 dollars and one he lost everything in this market. So overall its bad impact on the market. Price manipulate by few people and exchanges and they can move price any direction and you can't do anything just watching to loose your money.

This the basic thing happened to me many times, which we need to be very careful with the market situation. We should always can't keep our whole investment into single coin and we need to divert to other postnatal coins and it will help us to make a profit. Some time we cannot help based on the market situation because many whales will change the according to their way.

wiss19

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Wall Street people are very upset about bitcoin just because of this reason. They are so used to the fact that they are the ones making and breaking companies that having absolutely no power over bitcoin upsets them.

Let’s talk about giant companies, Amazon, facebook, apple they are all huge, however if tomorrow all shareholders decide to sell their positions in these companies they would make the owners a lot poorer, and I mean a lot, or their customers could stop working with them, buy Samsung instead, use twitter instead (or tiktok or whatever) or simply buy from ebay instead and these companies will go down and bankrupt, even though they are huge they are still vulnerable. Bitcoin is not like that, as long as people who wants bitcoin exists, it will always be high and whales can't decide for us on this one.

iv4n

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Quote from: Bitlover10 on September 04, 2020, 10:00:22 PM

I know in this field many possibilities happen but it's also true that those possibilities only for big money investors not for regular traders. Regular traders makes 100 200 or 300 dollars and one he lost everything in this market. So overall its bad impact on the market. Price manipulate by few people and exchanges and they can move price any direction and you can't do anything just watching to loose your money.

Markets will always be markets, you can't find a market where the prices are stable all the time. You can trade with gold, stocks, crypto or tomatoes, it's almost the same, there will be a time when prices will go down, and times when the prices will go up, learning how to surf on the waves and take the best from it (making profit) is a skill, and it's not for everyone! How much can you earn on the markets, there's no limit, you can start with small amount and make a fortune, you can start with fortune and lose it all, I saw many stories, and which story is yours will depend on you! Your skills, your bankroll, patience, you will have to give all you have if you wish to become successful. Every market can be a subject of manipulations, and nobody stops you from take a break when you see some whales coming in, you can dump what you have and wait for the prices to dip and buy when whales are buying.

Bitlover10

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I know in this field many possibilities happen but it's also true that those possibilities only for big money investors not for regular traders. Regular traders makes 100 200 or 300 dollars and one he lost everything in this market. So overall its bad impact on the market. Price manipulate by few people and exchanges and they can move price any direction and you can't do anything just watching to loose your money.

Ridwan Fauzi

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Maybe it will be different if he has tried to trade in gold but if I noticed gold and bitcoin have the same path their price movement. I see in bitcoin, there is a huge dump it means it is just one candle which has a long shadow and it is happen in gold as well. Honestly, I haven't tried to trade in stock market even I haven't seen a price movement in stock market. But I'll bet if the basic concept between bitcoin and stock market is mostly same, maybe this is not his place to trade.

Kasabus

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Quote from: jrrsparkles on September 03, 2020, 06:33:41 AM

People who thinks crypto trading is so easy to make profits are newbies because experienced trade know how the volatility of cryptocurrencies can eat the profits we made in hundreds of days in just few hours so we need to keep active all the time and stop loss feature can save from huge losses and much more to learn everyday from trading cryptos.

Sometimes, it's good to stay only in one field if you think you already mastered it rather than entering into crypto trading believing that it would be another rich quick scheme. Crypto trading is a different game and you need to be more knowledgeable and skilled with it first before you can say making profits in crypto trading is easy.

Topic: Trading crypto is a different ball game (Read 802 times)