Topic: Trading sucks, I'll just hold my coins - page 26. (Read 25900 times)

This is what I've telling to the people that are asking me about trading that if they don't know what they're doing, they must study about it first. They are thinking that it is an easy thing and they will have an assurance that they'll get more than their capital. I'm sorry for your loss, that's a total of your 6 months lost and if that happens to me I will definitely suffer and can't have a good sleep for several months. I had an experience of lost but not that this much.

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!

Being patient is everything, and have the knowledge to buy BTC for the long term because it's supply is key. Play with 10-15% alts if you're feeling lucky.

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.

Crypto currencies really need us to stay patient with them if we want to make big profits. It is never working to our plans or in accordance with our predictions. We really need to be as cool as cucumber to enjoy tremendous profits with bitcoins. Let’s all treat our emotions like visitors.

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.

trading moves the market and it is necessary for the spreading of bitcoin to the masses. greed is the one that leads you to losing money. remember trading is a zero sum game, for every winner there is a loser. So educate your self, accept your loses and don't be greedy. That way you may end up winning this game.

I'm really sad. After I'm buying particular coin, after how many hours or days. It keep dumping. Since I started trading. Always loss. All my coins are negative. Almost 50% loss. I'm very sad guys, hoping you guys should study and keep reading.