Topic: Trading sucks, I'll just hold my coins - page 21. (Read 25868 times)
If your not good in trading then that is ok, You can still earn a lot of coins from joining in bounty campaigns. Gambling is similar to trading with a very level of risk so it is ok to hold your coin for a very long time since holding will lead you to double your profit.
Oh well. Sometimes we have to learn it the hard way. When i started trading i enjoyed it to the point where i lost half of what i invested because i base my judgment on what people tell me. From then on i didn't want to do it again. Trading is only for those who are patient and daring. Guess i'm not both.
Trading is not for everyone. Although learning about it, reading news, articles, video tutorials, this forum or anything that can help you getting known to bitcoin trading. Still there are some people who are, by hook or crook, lose every other time and get depressed. For them I want to tell, please get in your interest field, trading is not everything.
I lost on my first buy as well. I thought I could ride the Green dildo and sell the top. HAHA. i was ignorant. lost most of that investment. still have it to keep reminding myself of my naive ways. I too just invest and HODL. I may try flipping coins in the future but for now Ill just wait.
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
You ll get free forking
And you ll get it higher price.
Later you can go for shopping fir many coins
From what I have seen for the past 4 years, trading in Bitcoin (and the altcoins) is just like gambling. A select few may profit out of it, but the vast majority are going to lose their investment capital. I have stayed out of trading ever since I joined this forum. And I am doing just fine. 
It is not like gambling don't mention gambling because gambling is a sin in many religions so i would like to say that trading in bitcoin is depended on luck that when bitcoin goes pump when goes down but in right ways it always goes up.Oops you are taking it as too serious. There are many people in the world involves in gambling and many wrong activities. Some people compare it with gambling due they are facing bump and dump in the same time and facing lose right. That is the case. If you are skilled trader you will utilize both the time for your favour.
Holding is a very good option as well and you can earn a good amount of money by even holding you Bitcoins.
Trading is much more complicated than signature campaigns. In trading you need to stay online all the time, reading complex charts to figure out the best time for selling your coins.
I really want to thank you for this post and for sharing your experience ! I've been thinking about trading and do the same like you , and fellow what ive seen and what i've watxhed on youtube but now ! I don't think i am gonna do that
From what I have seen for the past 4 years, trading in Bitcoin (and the altcoins) is just like gambling. A select few may profit out of it, but the vast majority are going to lose their investment capital. I have stayed out of trading ever since I joined this forum. And I am doing just fine.
It is not like gambling don't mention gambling because gambling is a sin in many religions so i would like to say that trading in bitcoin is depended on luck that when bitcoin goes pump when goes down but in right ways it always goes up.Oops you are taking it as too serious. There are many people in the world involves in gambling and many wrong activities. Some people compare it with gambling due they are facing bump and dump in the same time and facing lose right. That is the case. If you are skilled trader you will utilize both the time for your favour.
Holding is a very good option as well and you can earn a good amount of money by even holding you Bitcoins.
traders are switching fromg being a day traders to being a long term trader by choice not because they are trapped with their trades ,there are lots of good coins coming out that are worth holding for quite a long time
Trading is a good option if you want to make quick money by taking advantages from the price movements. Anyway, it demands some time of your life, when i was a fullday trader, i used to be more than 10 hours in front of the PC to take profit from the altcoin market, and it was not healthy for me because it took me a lot of time.
And i agree with those who says that manually trading is profitable than bot trading, because you know that a bot is not a real person.. and it can have more mistakes than a human trader.
And i agree with those who says that manually trading is profitable than bot trading, because you know that a bot is not a real person.. and it can have more mistakes than a human trader.
Day trading is not everyone's cup of tea.
Its a pain to watch for charts.. switching tabs to check different coin charts.
I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer
Gunbot available at https://tradingbotpro.com/
Its a pain to watch for charts.. switching tabs to check different coin charts.
I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer
Gunbot available at https://tradingbotpro.com/
Gunbot is nowadays famous among all the traders who are busy in other works but I noticed mostly day trading guys are more money than bot users. We just need to monitor the price chart since you be in online to make more money with the price fluctuation and making the price changes in your trading account.
More to the disadvantages of gunbot is that it only obeys your orders and can not retreat when situation would be risky to continue. In other words, it only obeys technicals and can't put fundamentals on check.
Day trading is not everyone's cup of tea.
Its a pain to watch for charts.. switching tabs to check different coin charts.
I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer
Gunbot available at https://tradingbotpro.com/
Its a pain to watch for charts.. switching tabs to check different coin charts.
I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer
Gunbot available at https://tradingbotpro.com/
Gunbot is nowadays famous among all the traders who are busy in other works but I noticed mostly day trading guys are more money than bot users. We just need to monitor the price chart since you be in online to make more money with the price fluctuation and making the price changes in your trading account.
Day trading is not everyone's cup of tea.
Its a pain to watch for charts.. switching tabs to check different coin charts.
I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer
Gunbot available at https://tradingbotpro.com/
Its a pain to watch for charts.. switching tabs to check different coin charts.
I would recommend Gunbot or other bots.. which does the trading for us, while we do other things..
Gunbot i prefer
Gunbot available at https://tradingbotpro.com/
Oh well. Sometimes we have to learn it the hard way. When i started trading i enjoyed it to the point where i lost half of what i invested because i base my judgment on what people tell me. From then on i didn't want to do it again. Trading is only for those who are patient and daring. Guess i'm not both.
You could have just kept on going instead of giving up and stop listening to people but instead listen to your own judgment better. Since you said you have learned, you don’t have to trade all the coins, you can just find the few ones that are worth trading and comfortable with and then apply that knowledge you have by trading them. Do not guess yet that you are not patient and daring, you may never know until you do it the right way.
It's a common story with most of the new traders, you need to have lot of patience and good strategy to do the trading. If you invest all the money in one go and want to earn money it would be difficult. Instead you can invest partial amount and you need to keep on buying when it goes low. So that you will get averaged and when it start growing you will be able make good money.
If you want to become rich overnight, I think it's not the place. You need to play sensible & safe game to make money in the trading. I wish you all the best in investing.
If you want to become rich overnight, I think it's not the place. You need to play sensible & safe game to make money in the trading. I wish you all the best in investing.
Many users who haven't been successful in trading are disappointed and have the attitude that trading is waist of time. That is not true but everyone should have in mind that trading is not easy job. It's risky, it takes skills, knowledge and information and it's not for everyone. So if you are not willing to spend a lot of time and learn a lot and if you are not prepared for loss, better don't go into it.
This is the problem for new traders they are scared to risk and when they lost money they usually quit and that is a bad habit because if a coin dump it will usually pump (depends on the volume) and you will regret that.
Keep in mind that trading is risky for both newbie and pro traders and holding a coin is part of the game as we don't know what can happen and the trader may lose or hold it for a long time waiting for tye peice to get back and recover.
Trading is risky!
It is up to you to decide if you wanna take up trading, or if you are better suited for just investing. To me, trading is a fun and exciting alternative to gambling where there is no house edge.
I play around with manual strategies, automated strategies etc but never with more than i can afford to lose (just like in gambling!) and it has given me many hours of fun, a few of frustration.
coming to terms with yourself, and staying away from trading cant hurt your investments so you have my blessing OP.
To others, don't be scared of trading. Learn it with funds you can afford to lose, and try out strategies. I do feel like you can expect a certain predictability after indicators such as upper or lower BBands behing crossed, or a bull/bear pinbar, though they can fake it.
It is up to you to decide if you wanna take up trading, or if you are better suited for just investing. To me, trading is a fun and exciting alternative to gambling where there is no house edge.
I play around with manual strategies, automated strategies etc but never with more than i can afford to lose (just like in gambling!) and it has given me many hours of fun, a few of frustration.
coming to terms with yourself, and staying away from trading cant hurt your investments so you have my blessing OP.
To others, don't be scared of trading. Learn it with funds you can afford to lose, and try out strategies. I do feel like you can expect a certain predictability after indicators such as upper or lower BBands behing crossed, or a bull/bear pinbar, though they can fake it.
An important thing to keep in my is when we started trading, we also started to play trade the risk of losing and not just winning. Bitcoin can be earned in many many ways and it has a lot to be discovered to than trading. Look for the long term effect when you trade and to not be disapponited easily.
This is the problem for new traders they are scared to risk and when they lost money they usually quit and that is a bad habit because if a coin dump it will usually pump (depends on the volume) and you will regret that.
Trading always needs a lot of patience and dedication because you need to learn many things about the market fluctuations. Every time we won't get positive results through trading we have to wait patiently when we reach our target price.
yes, trading requires patience and good skills and smart in reading the market, I also have experienced it, do not despair keep the spirit and positive thinking
With anything, dont invest what you cant afford to lose.
Did you research these projects before you purchased?
i agree to you, dont buy any altcoin if you dont want to take the risks.Did you research these projects before you purchased?
before you buy some alt you need to know about and that project before you purchased.
That's correct and if you invest in any altcoin blindly without doing any research then you will surely loose money in it so if you don't have any idea about altcoins the best thing would be to buy bitcoin and hold it till the price goes higher in future and sell when you are making good profits from it.
You are also a gambler when use your money for invest to an altcoin by the promote from someone
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