Topic: Trading sucks, I'll just hold my coins - page 18. (Read 25900 times)
True to some extent! There are rewards for holding your Bitcoins.. Believe that someday it will make sense; it will have value. I know a lot who did the same and look where it brought them? Their money multiplied substantially. In the same vein, you have to open yourself to the possibility of losing because in business, anything can happen at any time! You can minimize losses, though, by dividing your risks through different channels.
yes mate, i think you are right. bitcoin totally change my life style . i believe that bitcoin gonna change world, i think its for our welfare and now wanna buy bitcoin and hold it long to change my future
In my opinion, there is nothing bad in opting of holding if bitcoins. Trading is indeed a very good option but in case you are not doing well in trading, then there is no point of losing more money in trading. In fact, this is really a good option to go for holding of bitcoin. This will help you multiply the amount of money you have with each passing second. You only need to remain patient.Or in case that you can't fully adopt the trading system, like its giving you lost, sleepless nights, bad decision or too emotional then its not for you I guess and the next best thing for you is just hold on your coins. But when the price is at discounted price and then continue to hold. It will be hassle free for you because you don't need to stay late and watch the price of bitcoin. Although its boring but I think its gonna be a perfect fit specially if you are born not a trader.
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!
Thats your experience,and what ever happen in your trading experience,we should not know when did you find mistake,maybe you should tell that you do everything to gain more profit but in the end you failed.that your story and we believe in you,but for me,my opinion i will continue in trading because if you have a dreams you would never stop dreaming,and bitcoin i thinks is the answer. 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!
Yeah, that's Right!
Losing hand is what will give you experience and make you a cautious successful trader
Right but also be prepared to loose many hands!! while your skill is being honed
Losing hand is what will give you experience and make you a cautious successful trader
Right but also be prepared to loose many hands!! while your skill is being honed
Right but also be prepared to loose many hands!! while your skill is being honed
But for sure you can start trade with the little amount of your portfolio like 5%
This will hone your trading Skill
This will hone your trading Skill
You are right
Right now if you aren't expert with years of experience stay away from trading.
Right now if you aren't expert with years of experience stay away from trading.
You are right
Right now if you aren't expert with years of experience stay away from trading.
Right now if you aren't expert with years of experience stay away from trading.
yes mate, i think you are right. bitcoin totally change my life style . i believe that bitcoin gonna change world, i think its for our welfare and now wanna buy bitcoin and hold it long to change my future
In my opinion, there is nothing bad in opting of holding if bitcoins. Trading is indeed a very good option but in case you are not doing well in trading, then there is no point of losing more money in trading. In fact, this is really a good option to go for holding of bitcoin. This will help you multiply the amount of money you have with each passing second. You only need to remain patient.
Just like what everyone says, trading Bitcoins is not for everyone. There are newbies out there who jumped to trading because they thought its easy money but lost it eventually. Some would even go as far as joining those paid groups that tells you what coin will be pumped but again end up with nothing as before they hit the buy button, owner of the group already purchased a lot of coins and just preparing to exit. Holding is safe but make sure that you are still following the development of the coin or else you might be holding a worthless coin after a year.
yes mate, i think you are right. bitcoin totally change my life style . i believe that bitcoin gonna change world, i think its for our welfare and now wanna buy bitcoin and hold it long to change my future
Well I think that's great to know there are some people who would want to buy Bitcoin and hold it for their future. I stopped trading a while ago already and realized I will just hold on to some coins for long term and just leave it there for a couple of years but do check them once in a while.
trading is not easy and its not for everyone. For many people, HODLing a few TRUSTED coins is much more profitable option (for multiple years).
Good luck and always chose the best option for YOU!
Good luck and always chose the best option for YOU!
This is a valid strategy, I know a lot of people who trade and have not beaten the gains of just holding a coin over the years.
Not unlikely, because anyone with some Bitcoin and can click buy/sell can easily claim to be a trader, but for a trader that knows his/her onions, they should be making as least twice as much as anyone that is only just holding. Anything short of that calls for such traders to take a break and go equip themselves with the appropriate knowledge and skills, trading is not a child's play!
This is a valid strategy, I know a lot of people who trade and have not beaten the gains of just holding a coin over the years.
Not unlikely, because anyone with some Bitcoin and can click buy/sell can easily claim to be a trader, but for a trader that knows his/her onions, they should be making as least twice as much as anyone that is only just holding. Anything short of that calls for such traders to take a break and go equip themselves with the appropriate knowledge and skills, trading is not a child's play!
trading sucks, indeed. But you have to find out on your own, if you don't got through the experience of trading, you will never know how difficult it is. Everyone is seeing the traders going nuts and spamming chats about making a huge profit, and they think it's like that the entire day, but it's not. Trading takes many years of experience and there isn't anyone who can always predict the direction of the market. Things get even more complicated if you have a limited amount to trade, and without knowing the technical fundamentals, you are done right from the begin. Only when you've made a massive loss you start making some sense on how difficult it is to adjust to the market. Holding is by far the best strategy and most recommended one. All the holders don't have to think a second time about whether to sell or buy more, cause they've already made that decision so their life is easy
As a newbie, long term investments are far better.
Buy when the market is in blood.
Research the volume and team of a coin before buying into it.
Buy when the market is in blood.
Research the volume and team of a coin before buying into it.
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!
trading can be sucks when the price drops and becomes a loss but it is a risk in trading that can be done just to hold and wait until the price back up and get the benefits in bitcoin the main thing needed is patience
This is a valid strategy, I know a lot of people who trade and have not beaten the gains of just holding a coin over the years.
holding is the ultimate goal, and trading is the best option for actively doubling it, because I am an active person then more interested in using it for trading and facing a risk with skill and experience, assuming that the passive holder will be able to buy a car from profit every year, but for traders can definitely buy villas and resorts. there will always be maximum benefit from active trading.
Day trading is not a cup of tea of each and every person especially if you are new to it as you will easily get panic when you see price dropping and in that case you will sell your coins at lower price and it will entertain loss for you so if you don't have patience better to invest in highly reputed coins and hold it for long term and sell it when price exceeds your entry price.
I think good traders should have lost a lot to learn from their mistakes, that why joining with big capital is not recommended for new traders, however, experience and controling emotions are important in this domain, but these advantages do not came without losses.
Day trading is not a cup of tea of each and every person especially if you are new to it as you will easily get panic when you see price dropping and in that case you will sell your coins at lower price and it will entertain loss for you so if you don't have patience better to invest in highly reputed coins and hold it for long term and sell it when price exceeds your entry price.
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