If you are using some what tool is it?
I personally most likely would use backtester.
I have often male good decision, but have too less courage to risk higher amount, so my profit isn't big
Topic: Trading sucks, I'll just hold my coins - page 13. (Read 25900 times)
What do you think about trading tools?
If you are using some what tool is it?
I personally most likely would use backtester.
I have often male good decision, but have too less courage to risk higher amount, so my profit isn't big
If you are using some what tool is it?
I personally most likely would use backtester.
I have often male good decision, but have too less courage to risk higher amount, so my profit isn't big
Well it is too late to give you any advise. At least you have understood your mistakes (the biggest one was to start trading) and you on't do it anymore. Now just try not to buy any shitcoins (100% sure that cryptoinvestment is not yours), do not store your BTC online and other simple rules.
Exactly it will serves as a lesson to you and that is also good because now you know on what you must and musnt do. Always be careful so that youll regret it in the end. That line of thought makes me think of a new possible upgrading.
Overall trading is a nice job where you do make good profit when the market prices of your coin are in your favor. When the prices are low, just keep holding coins.
Some people (like me) lacks skill and patience in trading. And it's better for us to hold coins than trade.
If you don't know anything in trading then you might just say that trading sucks because it is very difficult to make money in trading if you don't have any knowledge and you are like just roaming around in a trading site and just keep trading without precautions and you are just keep taking risk without knowing it and that results for you to tell that trading really sucks.
There is no risk in holding bitcoin as compared to get involved in trading. Trading is the one which is a good professional method of making money from digital currencies but as you have said, it is very risky if you don’t know well about coins. You should be really careful if you are investing into different projects because all projects appear very Entertaining in the beginning but alter on they put you in loss.
I sold enough to get back exactly what I invested originally. So even in the worst case scenario I can at least be satisfied that I didn’t lose any money from investing.
Thanks for the advice, I hope this will serve as a lesson for those beginners who attempt to deal with trading. After reading your post, I realized that Trading is much riskier to what I thought because even you who already acquired some knowledge about it still fail to succeed. I think I have made the right choice for not yet engaging myself in trading and chose to just hold my bitcoins. (Actually I plan to do this since mining is not practical in our country because of high cost of electricity but I hesitate now because I might also fail in the end).
My advice to you is study harder so that you won't fail again next time you deal with trading, always remember that "What doesn't kill you makes you stronger".
My advice to you is study harder so that you won't fail again next time you deal with trading, always remember that "What doesn't kill you makes you stronger".
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Did you make out yet, OP? Hope you are still hold some BTC because it's price hit hard. BCH also a good chance to make back your loss. I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Keeping your money and not letting it exchange trading is a stupid thought. Why not sell it when the high value and buy back when the value is low?
Yup, in my point of view, holding Bitcoin is the best way to earn money. How's about altcoin? I think trading is the best way. Let earn about 10%-20% with altcoins
Yeah holding bitcoins longer will always give positive results on your investments and to make quick and regular profits we should play with altcoins as there is regular ups and downs in the price so if you buy and sell at a right time then it can give you really good profits in short term.
Yup, in my point of view, holding Bitcoin is the best way to earn money. How's about altcoin? I think trading is the best way. Let earn about 10%-20% with altcoins
I think it's a good way for you to think about holding coins as you get more money than trading because you're losing money in trading, as you can not tell why your coins are dropped. So you must stock in bitcoin and have lots of bitcoins so you can also earn a bit of money, trading is also risky so I stop trading like you.
Trading is really complicate,
very dynamic and almost unpredictable.
I don't like it.
I also prefer HODL.
very dynamic and almost unpredictable.
I don't like it.
I also prefer HODL.
I agree that trading is complicated. But there are certain chart movements that do not require complicated analysis and interpretation. If a certain coin's price jumps too high very quickly, it is almost 100% certain that there will follow afterward a big dump. That is basic interpretation. That is applicable to all coins even to Bitcoin. The most complicated part in trading is if a coin is moving sideways. It is difficult to predict where the line goes next.
It happens a lot of times already in bitcoin, see how bitcoin chart moves, it will set new record then will drop toofar from it, that's how it really goes, we just need know that coin is not a shitcoin that will readily be dump by everyone, pick what you see havea potential and what we know will het a good adaption afterawhile, trading is risky but once its arise it will be worth it.
Trading is really complicate,
very dynamic and almost unpredictable.
I don't like it.
I also prefer HODL.
very dynamic and almost unpredictable.
I don't like it.
I also prefer HODL.
I agree that trading is complicated. But there are certain chart movements that do not require complicated analysis and interpretation. If a certain coin's price jumps too high very quickly, it is almost 100% certain that there will follow afterward a big dump. That is basic interpretation. That is applicable to all coins even to Bitcoin. The most complicated part in trading is if a coin is moving sideways. It is difficult to predict where the line goes next.
I also tried to become a trader for the first time I was successful and I earned 30%, but the following became very difficult because of the bitcoin's high price I could not afford to buy a bitcoin so I was I decide to level up my rank first so i can apply to a signature campaign to get a bitcoin and like you i leave my bitcoin with a pro. trader.
I think so that in trading, you never lose. Either you earn a good amount of profit or you learn some great experience which can help you in making better decisions in the days to come. The thing is trading is really a good thing to do but if you are suffering again and again, then it is better to leave trading. Holding is also a good option but for that you really need to remain patient.Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Good choice, but trading is far beyond only holding, you should split your coins 50/50 and startt trading.
Trading has got its own time, people should not tend to make profit all the time. Need to analyze the market and needs to know about the situation. If he finds it to be time for profiting or finds an fluctuation that can be used for profiting then its OK. If the small is not possible should not make ourselves into it. Better is to just give a break.
Don't trade if you don't have the guts of taking up the risk better stay at holding out your coins. Before I'm afraid of doing some trades but now I'm into holding my bitcoins and also at the same time I'm do day trading. It's enjoyable and fun in my side because I'm learning with new methods of reading the market and this is really an effective way of growing myself.
That's right! Don't trade if you don't want to take the risk of losing your coins. For me, I like trading because I like the adrenaline rush when trading and it makes me not be bored by facing the computer all day. Even if I am losing at times, I know that I am learning which can help me in deciding for my future trades. Only those who take up the challenge to aim higher would be able to trade. I am holding some coins too because I don't want to worry when I am on the losing side because I still have some coins intact in case the trade would be a bad one.
Too many people complaining about the risk. In real world, when it comes to investments like stock market, businesses and other profitable activities where you had to put money there is a risk. But if you keep on falling, you just have to quit. And what's good about crypto's or to be specific with bitcoin, when you aren't too good in trading of alt coins or by being a day trader, you can just simply stay as a holder.
It is dropping now,
it suck when dropping.
Looking to sorting
it suck when dropping.
Looking to sorting
In trading it takes knowledge of trading and should be able to read the market well, know when to buy and when to sell, I also experience bad trading and hold my coins in a long time, but that is normal in trading, keep patience and passion for trading
I also tried to become a trader for the first time I was successful and I earned 30%, but the following became very difficult because of the bitcoin's high price I could not afford to buy a bitcoin so I was I decide to level up my rank first so i can apply to a signature campaign to get a bitcoin and like you i leave my bitcoin with a pro. trader.
I think so that in trading, you never lose. Either you earn a good amount of profit or you learn some great experience which can help you in making better decisions in the days to come. The thing is trading is really a good thing to do but if you are suffering again and again, then it is better to leave trading. Holding is also a good option but for that you really need to remain patient. Jump to: