Topic: Trading sucks, I'll just hold my coins - page 15. (Read 25868 times)
Trading is not only for the experts, we all start as new one but the best thing we can do is to have a knowledge before we start, that is the key in trading we need to start in small investment and also yo have a knowledge about the coin.
Trading is not something I would encourage someone to just jump right into. Take some time to observe the market, learn how various patterns relate to each other and build your knowledge of such things first. Like everything else it takes time, even the pros aren't always right but if you are patient it will be rewarding.
Indeed, trading without some experience and without earlier research is very hard to bring profits.
Now searching all the news is almost impossible, but nothing lasts for ever, even bitcoin bubble.
So it is necessary to find good moment to sell/short your equity.
Because when bubble burst, price could have fell by 90% or more..
Now searching all the news is almost impossible, but nothing lasts for ever, even bitcoin bubble.
So it is necessary to find good moment to sell/short your equity.
Because when bubble burst, price could have fell by 90% or more..
I don't know how to trade, I have no experience and knowledge. But I don't keep coins. I invest them in interesting projects. But it is also dangerous.
Basically invest your money in online investment is risky, you cannot cintrol your money after you sent it. But we should throw away all of negative thinking in our head. Invest our money in cryptocurrency is also proftable, so it will be good if we still invest but make an observation first. 
Im sorry for your loss. This really is shit, I made similar experiences when I started trading (not that big losses though). Eversince I just keep hodling and it payed off well so far. I guess with crypto, as the market gets bigger and bigger every day, this is totally fine for the average person. But for trading its also true as for everything else: you wont master it until you failed in it. Standing up and trying again with more experience and learning from the mistakes is the way to go.
If you still want to learn and find a way to profit, then do it. If you want to hold coin, you have to have plenty of coin for investment so you can profit a lot. That means you have to keep your coin together so you can profit a lot. The question is, how are you going to collect or have a lot of coins? What's more, are you sure the coin you have got can give you a lot of profit. Maybe you should keep trading to collect coins. I do not do trading myself because I do not really like and I'm afraid of loss, hahaha. I just do Bitcoin investments and keep collecting Bitcoin so I can get a lot of profit.
I think if you are not proficient do not invest too big, if you want to play it safe you better buy bitcoin or ETH then sell it when the price goes up. because as you say pro traders know when to buy and sell their experience is a lot, well if you want expert trader you have to have a lot of experience.
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.
I don't know how to trade, I have no experience and knowledge. But I don't keep coins. I invest them in interesting projects. But it is also dangerous.
I think you are talking about ICO project, yes they are absolutely dangerous , maybe they were built by some scammers and waiting us to feed them.
I don't know how to trade, I have no experience and knowledge. But I don't keep coins. I invest them in interesting projects. But it is also dangerous.
Both holding and trading are risky, what you need to do is it to study more, gain a lot of experiences and not to get easily frustrated when you see the price of the investments going down, you need to become a mature investor or trader, in that way, you will lessen the risk of having negative returns, and you might be always have a winning hand once you learn how to trade with patience and becoming more educated in you investments.
Yeah I am agree with you it will take some time because now a lot of the people us to sell the bitcoin. I hold the bitcoin and the value of the bitcoin will give us the huge amount of the bitcoin if we will hold for the long time, if we are buying the bitcoin and trading in the bitcoin it is up to our luck if we are lucky we will get the profit from the bitcoin, so according to me the trading is not better than investment. 
Im sorry for your loss. This really is shit, I made similar experiences when I started trading (not that big losses though). Eversince I just keep hodling and it payed off well so far. I guess with crypto, as the market gets bigger and bigger every day, this is totally fine for the average person. But for trading its also true as for everything else: you wont master it until you failed in it. Standing up and trying again with more experience and learning from the mistakes is the way to go.
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!
Lol its your loss to that matter you should have consulted some pro at trading or some with experience and you even wage a huge amount of money that a bad move for you trading needs some good insights and good speculation of a true growing coin that is worth investing with. Trading is no easy because it is risky although it is a really really good advice that dont wage a huge amount of money if you cannot afford to lose it in every way. 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 am sad about your experience but you could be patient and wait for the price to come in its place again, at least I do like that and never disappointed. But unfourtunately this shitty pump coins are different.
You are not a traader. There are many coins that do not recover its price after crash and I can ensure that you can never know about this if you are not a trader. Look at bittrex and you will see, there are many coins that always decrease and if you keep holding them, you will suffer a huge loss.
Both holding and trading are risky, what you need to do is it to study more, gain a lot of experiences and not to get easily frustrated when you see the price of the investments going down, you need to become a mature investor or trader, in that way, you will lessen the risk of having negative returns, and you might be always have a winning hand once you learn how to trade with patience and becoming more educated in you investments.
Why loosing money when you can still hold your coins until you reach desired profit? You can't make a profit everyday, sometimes you have to hold more and buy more when prices goes lower and lower.
Trading is risky,
Trading is not easy, too much surprises.
You have to be patient and you have to read lots
Trading is not easy, too much surprises.
You have to be patient and you have to read lots
Read the news,
Read the chart
Use TA,
Not easy, yea sucks, that s the challenge
Trading is risky,
Trading is not easy, too much surprises.
You have to be patient and you have to read lots
Trading is not easy, too much surprises.
You have to be patient and you have to read lots
I agree that trading is not easy,
I prefer to buy and keep my coin,
ICO is better
Not trading
I prefer to buy and keep my coin,
ICO is better
Not trading
Yeah if you don't have any knowledge of trading then its better to stay away from it and either invest in ICO and wait for the price to pump after the launch or simply hold your coins in wallet as trading requires good knowledge of market trends and that will only help you in buying or selling your coins at a right time and if you lack knowledge then you are likely to make wrong moves which will result in huge loss.
I agree that trading is not easy,
I prefer to buy and keep my coin,
ICO is better
Not trading
I prefer to buy and keep my coin,
ICO is better
Not trading
main of trading is patient bro , don't use your emotions when trading
its make you loss because if price coin down , you doing panic sell.. right ?
i'm say this because i'm feel what you feel now..
but i don't give up , i'm try again and again , but i'm loss again and again too..
i calculate , maybe loss 50-60% until now
its make you loss because if price coin down , you doing panic sell.. right ?
i'm say this because i'm feel what you feel now..
but i don't give up , i'm try again and again , but i'm loss again and again too..
i calculate , maybe loss 50-60% until now
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