Topic: Trading sucks, I'll just hold my coins - page 19. (Read 25868 times)
Although I agree with holding the investment and letting it grow but with BTC prices, for fast growth you do have to take some calculative risks. Maybe 20% of investment can be used for trading and rest should be held on long term. Hope I follow the same advice and don't let graphs fool me...
trading is for active people who can stand the pain of loss now and then.
holding is for the majority. hold and wait some years. this strategy works with most stocks too.
holding is for the majority. hold and wait some years. this strategy works with most stocks too.
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.
Before a time I was against this strategy, but for now I have seen a lot of people who are just making hundreds and thousands of bucks just because of holding. Maybe you have seen the price chart today or even the last months. Price of bitcoin have amazingly increased to $1000 approx. and now still going up so what is better than holding? Nothing.
Always be humble to the markets. It is not just buy cheap and sell high, it is also about sticking to a strategy, and try different strategies, before putting all ones money (or what one considers a lot) in to play.
Never invest more than one can afford to lose.
Never invest more than one can afford to lose.
Trading doesn't suck for me. Traders should accept that losing is part of trading. No one have ever been made a tons of profit on trading without experiencing losses.
yeah that's right, you cant earn more without any experience of lose. like me at my first time on trading, ive choose a wrong coins to invest in and I lose 70% of my capital and before it will all gone ill cut my loses just to save the rest of my capitals left. severals mistake ive made after that and ive learn on that mistake, now im gonna take recovery from my loses and thankful that I know what to do next.
We should really treat our loses as a part of learning process and same as you said on the next time we do such thing we do already have the idea on what to do which would really lessen the possibility on committing the same mistakes. Trading do really suck on our mind specially when we are a newbie but we do really accept those defeats and move on.These things will really mold you up to be a better trader soon.
Trading doesn't suck for me. Traders should accept that losing is part of trading. No one have ever been made a tons of profit on trading without experiencing losses.
yeah that's right, you cant earn more without any experience of lose. like me at my first time on trading, ive choose a wrong coins to invest in and I lose 70% of my capital and before it will all gone ill cut my loses just to save the rest of my capitals left. severals mistake ive made after that and ive learn on that mistake, now im gonna take recovery from my loses and thankful that I know what to do next.
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
Trading doesn't suck for me. Traders should accept that losing is part of trading. No one have ever been made a tons of profit on trading without experiencing losses.
yeah that's right, you cant earn more without any experience of lose. like me at my first time on trading, ive choose a wrong coins to invest in and I lose 70% of my capital and before it will all gone ill cut my loses just to save the rest of my capitals left. severals mistake ive made after that and ive learn on that mistake, now im gonna take recovery from my loses and thankful that I know what to do next.
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.
Before a time I was against this strategy, but for now I have seen a lot of people who are just making hundreds and thousands of bucks just because of holding. Maybe you have seen the price chart today or even the last months. Price of bitcoin have amazingly increased to $1000 approx. and now still going up so what is better than holding? Nothing.
Trading doesn't suck for me. Traders should accept that losing is part of trading. No one have ever been made a tons of profit on trading without experiencing losses.
it is understandable how good it is to keep it in your hand ypur coins as you gain more value but it is still possible to increase your trade by buying and selling for trade markets
Anyone trying to buy and then sell the same day is going to get hurt. If you buy and sell on a weekly basis you'll see a little more predictable patterns.
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.
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.
I have recently started investing in crypto-currency and ICOs with the plan to hold the coins I buy for long term (though my first purchases were right before the last dip, so not the best timing ... where is that crystal ball when you need it?). However, the other day it dawned on me that eventually I will have to sell to make some profit (might be months, might be years). Thanks for sharing your experience. I realize I should start reading more / becoming more familiar with exchanges for when I do decide to sell.
The other day on a different thread I read that what a member would do was to buy and hold until the price was 2x, and then sell half so that you recover your investment and anything you sell later on is profit (can't remember his/her name). This is an approach I would love to follow when the time comes, but who knows, I guess the best is to procede with caution.
The other day on a different thread I read that what a member would do was to buy and hold until the price was 2x, and then sell half so that you recover your investment and anything you sell later on is profit (can't remember his/her name). This is an approach I would love to follow when the time comes, but who knows, I guess the best is to procede with caution.
People have different strategies on which you can learn it automatically on the way.
If you have set your own plan and strategy and it gives you good result on the long run then stick to that strategy while at the same time enhancing it for more success trades in the future.
Yes I agree. Patience is very important. But it is not easy to implement it. It's the matter of training.
Patience and controlling your emotions especially at the time when you are going in loss are the thing which you learn with the passage of time and experience. Holding of coins is no doubt a very good option but for that you need to master yourself in controlling your emotions no matter what the circumstances are Only then you can make a good profit by holding your coins.
now it is a hard time for exchange and for alts, we all suffer losses, but patience will reward us
I have recently started investing in crypto-currency and ICOs with the plan to hold the coins I buy for long term (though my first purchases were right before the last dip, so not the best timing ... where is that crystal ball when you need it?). However, the other day it dawned on me that eventually I will have to sell to make some profit (might be months, might be years). Thanks for sharing your experience. I realize I should start reading more / becoming more familiar with exchanges for when I do decide to sell.
The other day on a different thread I read that what a member would do was to buy and hold until the price was 2x, and then sell half so that you recover your investment and anything you sell later on is profit (can't remember his/her name). This is an approach I would love to follow when the time comes, but who knows, I guess the best is to procede with caution.
The other day on a different thread I read that what a member would do was to buy and hold until the price was 2x, and then sell half so that you recover your investment and anything you sell later on is profit (can't remember his/her name). This is an approach I would love to follow when the time comes, but who knows, I guess the best is to procede with caution.
I suggest you to hold in BYC,
You ll get free forking
And you ll get it higher price.
Later you can go for shopping fir many coins
Simple but smart. You are so right that bitcoins have much to give you. You just buy it in a dip and store it in your online or hardware wallets. But make sure you are observing the market consciously and you are not like sleeping. Better it would be at the end when you sell it and there are so many bucks you will enjoy with. You ll get free forking
And you ll get it higher price.
Later you can go for shopping fir many coins
Trading always sucks when you lose but you get to appreciate it when you are winning. Holding of course is best since it sure to win when you know the project will have the potential to moon after the development of the token. The problem with holding is that it could take years and years to see it fruitful.
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