Topic: Trading sucks, I'll just hold my coins - page 22. (Read 25900 times)

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!

 It is obviously that holding gives more profits than trading, but only if you know how to choose and decide in which altcoins are you going to invest, otherwise you are not going to earn a penny from it. It is too easy to say, but a little bit difficult to do it, anyway, everybody who has been holding in the last months can know that holding gives more profits.

if you have small skills with only think to make money you will hate trading trading need some one who believe in it and ready to pay more for 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.

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.

As far as buying and selling is concerned, then you are very much right that buy when low and sell when high. As far as trading is concerned, I think if you are not doing well in the field of trading, then there is no harm in taking a pause. Holding is in fact the best option for the one who is not good at trading.

Yeah it is time to stay calm and don’t be panic just hold and the time will come when you will release them at higher rate and the most of the common thing when new investor sees the price going down he will be in the panic situation and then he sold at low and this gave him loss the only way to score profit is sell high buy low.

That is the case, at least with crypto-currencies such as Bitcoin which are protected against inflation. Even if we hold them, we will be able to reap good profits in the future, as these currencies are protected against inflation. As the user-base expands, their value will also increase.

yes of course if you can not do short term trading the right choice is to play long term, safer because not too fooled by the price in the market.