Topic: Trading sucks, I'll just hold my coins - page 23. (Read 25900 times)

Investment without reseach just is gambling, you cannot call this is trading or investment.
You are also a gambler when use your money for invest to an altcoin by the promote from someone

There is every possibility you did not study the market before buying and you probably bought when the market was being pumped. It is sad to lose but it should be a learning experience. Most altcoins are totally good for being pumped and it is always a mistake to buy when it has been pumped to a very high level. Everyone who bought wants to drop fast for profit and FOMOs like you end up getting fried. Number 1 rule is never to be a FOMO if you want to play safe in trading except you are sure you still have a good standing based on previous market. Best is to buy below previous support level or at least at dips and study some few-days-back chart.
Incase you have no idea what FOMO means (Fear Of Missing Out) ... So you don't think I cursed you...

Regarding this topic, Holding is the best secure way to make huge profit if it is a stable coin like bitcoin, ether, waves etc. Even if you hold them, you will be able to reap good profits in the future. but whenever the market will be dump, you should daily trade to grow up your accumulating stock.

HODLing is the best way to make profit bruh. sorry for your lost.

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!

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 understand if op wants it, the expertise and style of each trader is very different, if we do not dare speculate then it can hold as long as possible until the price becomes clear, it is tantamount to investing in gold assets. But it should be noted that we also have to be reactive to weak coins that can be didelist anytime by the market, we need to take quick steps to sell it.

Definitely, it requires technical analysis and a lot of time to make fine decisions to get profit in the market. But sometimes our bad decisions help us in learning new things and discovering new ways to make money from bitcoins. Just be patient at loss and don’t panic.

In any way to lose 1.8k is better than 10k. Also I sincerely hope that it wasn't your last money. It's a good thing that you decided to quit, propability to earn on trading is very low

Very well said! I think it is not the trading which sucks but your own personal interest which plays a vital role in any of the task which you perform. If you are not feeling good while doing trading, better is not to get into it. Holding will be the very much appropriate option in that case.

Definitely, it requires technical analysis and a lot of time to make fine decisions to get profit in the market. But sometimes our bad decisions help us in learning new things and discovering new ways to make money from bitcoins. Just be patient at loss and don’t panic.

Trading requires maturity of analysis as well as diligent learnings. No instant successful trader, they experience bitterness in their journey to become a successful trader. However, holding coins still better, because we still have hope to make profit when one day experience a surge in value.

i won't buy if the advice is like that because i have this experience in my earlier trading and the reality i am currently hold until 3 monts or more. i'd better to search by myself, doing analyze for the coins, determine the price for buying and selling. if the conditions is like now, my advice is better to hold our coins and don't sell to cut loss.

Trade does not depend on luck, but on knowledge, experience and analysis. If you just try to guess in the trade, then it really will be like a gambling game and will bring a lot of losses.

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.

Trading is not easy, we  heard many time some people earn quickly from trading.But we donot know  how much time they spend this trading.So first you research and than invest your money.I think you will be success in this platform.You can also hold your coin for 1-2 years you will must profited.

Yes trading sucks sometimes, so hold your coins. And I would like to add some more things to do during crisis i.e. as follows:
1   Try to control your emotions during hardships.
2   Don’t panic yourself when bear any loss.
3   Try to learn from your mistakes and make some wise decisions.

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.