Topic: Trading sucks, I'll just hold my coins - page 16. (Read 25900 times)
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 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.
the best advice i can give after 3 years trading is
Hodl!!!
Hodl!!!
haha, if you are not lucky enough, you should choose Bitcoin and just hold. Hope that you will succeed
For me when you earn your profits in trading have you ever thought where your profit is coming from? I have and I know from where I'm getting my profits, I get half of my profit from whales and the other half comes from people like op
Mining isn't a question for me personally at any cost. These days it's obtaining not possible to earn using the mining because of all the elevated competition really. I mean exactly what the stage if I necessary to purchase a new hardware every few months to increase my dropping hash price? By doing this gone will be the kind of earnings at all times. I prefer to choose buying and selling and investing in to the ICO, the are rip-off mainly but applied your brain you could find the correct one effortlessly. Currently making good dollars for this and I'm sure that I'll have ideal portfolio from the cash within the possible future. That's the best choice I suppose and everybody can workout by using it effortlessly. :-)
what are you talking about? op is talking about trading, not mining. @op yeah trading is just sucks because the market is totally unpredictable therefor it is hard to decide whether you let go or not and one single wrong move can always lead to a major disaster. thats why its better if you can just hold your coins if you dont want be stressed out and have a completely peace of mind.
Mining isn't a question for me personally at any cost. These days it's obtaining not possible to earn using the mining because of all the elevated competition really. I mean exactly what the stage if I necessary to purchase a new hardware every few months to increase my dropping hash price? By doing this gone will be the kind of earnings at all times. I prefer to choose buying and selling and investing in to the ICO, the are rip-off mainly but applied your brain you could find the correct one effortlessly. Currently making good dollars for this and I'm sure that I'll have ideal portfolio from the cash within the possible future. That's the best choice I suppose and everybody can workout by using it effortlessly. :-)
well, sometimes, people are not too able to trade. it may look easy, but it's very difficult. I also gave up trading. but, I'm sure, by holding the coins we have longer, the price will surely rise. I always believed that.
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.
Well, it actually works. Is all simple as really sounds. But you have to remember:I though I can trade. Buy low, sell high. Sounds good, doesn't work.
1) Ignore what other traders say. Some of them just made 200%/day, 20000%/day, 200000fckyou000%/day. You should not care, this is not a competition, they aren't enemies, and their numbers almost always are just fake. Do your 10%/month and everything still will be fine.
2) Don't buy shit. Even if you see some great pump, shit is always shit. This is related to almost 1000+ coins and, the hell, 99% tokens. Yes, this takes time to differentiate them, but without that skill you will be screwed as HODLer too.
3) Sell, the fck, higher than you buy. Don't ever think like: okay, I lost 90% on this coin, but I really need my money in BTC right now to buy another one with great potential, so I sell that one now. That is doomed. That is only one real way to lose everything.
4) Fck all technical analysis bullshit: indexes, waves, some wired triangles, lines, on price chats... this simply does not work. This never works. Save more time for part 2)
5) Don't be so fast. Just imagine: you done 10x this month, you done 10x next month, and finally 10x another month. Now you moved from poor to very rich and you even don't know how to live being rich. You will be afraid of it, you afraid of it now. And hence you will lose money. Not actually YOU but some parts of your brain.
So... That's all really what I call "buy low, sell high".
Hey, the tutorial is just cool! That list should be shown to all beginners in crypto/trading world.
Good straight points,i agree. For beginners who doesn't really have that much technical skills yet, its helpful to remember these things. With experience, you'll be able to learn how to make technical analysis and it will co.e naturally don't worry
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.
Well, it actually works. Is all simple as really sounds. But you have to remember:I though I can trade. Buy low, sell high. Sounds good, doesn't work.
1) Ignore what other traders say. Some of them just made 200%/day, 20000%/day, 200000fckyou000%/day. You should not care, this is not a competition, they aren't enemies, and their numbers almost always are just fake. Do your 10%/month and everything still will be fine.
2) Don't buy shit. Even if you see some great pump, shit is always shit. This is related to almost 1000+ coins and, the hell, 99% tokens. Yes, this takes time to differentiate them, but without that skill you will be screwed as HODLer too.
3) Sell, the fck, higher than you buy. Don't ever think like: okay, I lost 90% on this coin, but I really need my money in BTC right now to buy another one with great potential, so I sell that one now. That is doomed. That is only one real way to lose everything.
4) Fck all technical analysis bullshit: indexes, waves, some wired triangles, lines, on price chats... this simply does not work. This never works. Save more time for part 2)
5) Don't be so fast. Just imagine: you done 10x this month, you done 10x next month, and finally 10x another month. Now you moved from poor to very rich and you even don't know how to live being rich. You will be afraid of it, you afraid of it now. And hence you will lose money. Not actually YOU but some parts of your brain.
So... That's all really what I call "buy low, sell high".
Hey, the tutorial is just cool! That list should be shown to all beginners in crypto/trading world.
Yea i know what you mean. I got trapped on Pump and Dump coins when I trade. I lost money because of Pump and Dump coins situation. I am still try to learn do the best trading. For now on, I'll hold for some coins for long term trade just like what you do now 
. Better luck someday to gain good profit on trading. Cheers
. Better luck someday to gain good profit on trading. Cheers 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.
Well, it actually works. Is all simple as really sounds. But you have to remember:I though I can trade. Buy low, sell high. Sounds good, doesn't work.
1) Ignore what other traders say. Some of them just made 200%/day, 20000%/day, 200000fckyou000%/day. You should not care, this is not a competition, they aren't enemies, and their numbers almost always are just fake. Do your 10%/month and everything still will be fine.
2) Don't buy shit. Even if you see some great pump, shit is always shit. This is related to almost 1000+ coins and, the hell, 99% tokens. Yes, this takes time to differentiate them, but without that skill you will be screwed as HODLer too.
3) Sell, the fck, higher than you buy. Don't ever think like: okay, I lost 90% on this coin, but I really need my money in BTC right now to buy another one with great potential, so I sell that one now. That is doomed. That is only one real way to lose everything.
4) Fck all technical analysis bullshit: indexes, waves, some wired triangles, lines, on price chats... this simply does not work. This never works. Save more time for part 2)
5) Don't be so fast. Just imagine: you done 10x this month, you done 10x next month, and finally 10x another month. Now you moved from poor to very rich and you even don't know how to live being rich. You will be afraid of it, you afraid of it now. And hence you will lose money. Not actually YOU but some parts of your brain.
So... That's all really what I call "buy low, sell high".
i think it depends on you when you dont want to trade and just invest your bitcoin and then wait for a good price that you wanted then sell the bitcoins you have.
It is more safer than to do trading but you cant double or more your profit from holding but still it is a passive income over the time just hold it in a period of time . Though there are a lot of strategy but you choose to hold but as my self while im holding I do it on trading so that I could earn more profit and at the same time im holding it to earn more profits
It is easy to say don't invest what you can not afford to lose when you have not lost big before. And most of the time, your gain is proportionate to what you have invested. There is thin line between profut and loss. We can only hope that trade is in our favour most of the time!
You can easily cost it to see and perhaps try to learn from it. Crypto buying and selling isn't an easy factor despite what other medication is declaring.
Yes, Trading is not an easy task at all. You have declared to hold your altcoins in hand and using only in the short term investments .I also prefer holding the coins in hand if the prices are high because buying and selling of the shares are eventually difficult in this time and before you comprehend the situation well, your all money is gone. So it is better to hold the Btcs at the time of pumping phase and then trade in long terms when the prices are again low because at that time the investment gets doubled.
With youtube, countless people get the false sense that trading is a simple matter of just having the right technical indicators on a chart or trading off of support/resistance levels.
It does not work especially with crypto, where the volatilaty can wipe out any gains in seconds.
There are only 2 ways to win at trading and that is off information received before the masses or manipulation ....period.... the concept of the "trading pro" is a sham meant to sell you black box trading algorithms or "expert coaching".
if you don't believe it then go to any market and backtest some algorithms. There are countless out there especially in forex market that can be easily backtested ... technical trading for a living is a myth.
Barring all that best option is diversify and dollar cost average over longer term.
It does not work especially with crypto, where the volatilaty can wipe out any gains in seconds.
There are only 2 ways to win at trading and that is off information received before the masses or manipulation ....period.... the concept of the "trading pro" is a sham meant to sell you black box trading algorithms or "expert coaching".
if you don't believe it then go to any market and backtest some algorithms. There are countless out there especially in forex market that can be easily backtested ... technical trading for a living is a myth.
Barring all that best option is diversify and dollar cost average over longer term.
I start trading two months ago and i have get some small profit without knowledge. But last 2 weeks, i lost more than what i get. Trading really suck, market is being control by someone. If they want we lose, then we lose. If they want we win, then we win. This is not a game for us.
Are you thinking you can just easily earn in trading without knowledge? Nothing is easy money here but I guess this is easier than stocks and forex as per my experiences. You need to study in order to learn otherwise your just like playing in a casino.
I start trading two months ago and i have get some small profit without knowledge. But last 2 weeks, i lost more than what i get. Trading really suck, market is being control by someone. If they want we lose, then we lose. If they want we win, then we win. This is not a game for us.
Actually, trading is not just "Buy low, sell high"... you should watch the LATEST of the latest news, keep an eye on all the market and have some theory in the background...
Well, I'm HODLING for 2 months and it sucks too!!! Luckily my altcoins started recovering.
It's not like you made a big mistakes. Generally last 2 months just sucked for everybody.
Depends on the cryptocurrencies you are holding, for me, holding is still risky like trading if you do not understand your decision.It's not like you made a big mistakes. Generally last 2 months just sucked for everybody.
Because almost altcoins dumped to low price and if you compare to BTC rates, you can understand it is really bad!
Jump to: