Topic: Trading sucks, I'll just hold my coins - page 32. (Read 25868 times)
some people said trading is good option to get profit in cryptocurrency world but it all still depend on the skill for the person themself because sometimes if we have false move then usually we will buy at the low price and sold again even when the price even more low and eventually we will facing experience to loss so to avoid this situations we have to realize our skill with not starting trading with huge amount of money so small amount of money for the beginners is good i guess
I tried trading, but I never managed to see any patterns. Price goes up, price comes down, why does it do that???
In the end I mostly had the money I started with. But no profit.
To me it would have been really better to do something usefull during the time I invested in trading.
That is why I have decided as well that the best working strategy in the crypto currency world for me is to be just a holder.
In the end I mostly had the money I started with. But no profit.
To me it would have been really better to do something usefull during the time I invested in trading.
That is why I have decided as well that the best working strategy in the crypto currency world for me is to be just a holder.
Hold is a good tatic to become rich but it's really boring... Like play Battle ground.. If u hide good enough u will get high top but very boringYeah, its kinda boring and all you have to do is just check on the price and see your investments. But I guess for some who really hate trading because they are losing will go to this route. Even though is not really interesting just to hold, it has no risk whatsoever so it makes really sense for investor who are not into trading. But for most of us here, who love the volatility of bitcoin price, we do go in trading because the profit is really great although you have to have the proper skill set and knowledge to practice this craft. Right now the price has plummeted, and I pretty sure that most of the traders have already taken profits by now.
try to be patient and do not be fooled when the price goes down, hold your coin is the right choice, because the coin is not always in the expensive price, wait until prices rise rapidly and do not be fooled by the price decline in the market.
Hold is a good tatic to become rich but it's really boring... Like play Battle ground.. If u hide good enough u will get high top but very boringWhen we are not finding trading as a satisfying opportunity then there will be nothing wrong to switch over to investment mode with bitcoins. Because, just holding bitcoin will ensure we are at right path with respect to bitcoin opportunities. Hence we never need to worry about not being a trader to make the benefits due to bitcoins.
Hold is a good tatic to become rich but it's really boring... Like play Battle ground.. If u hide good enough u will get high top but very boring 
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!
Trading doesn’t suck. Losing lots of money really is the sucker. Come to face it. Trading isn’t actually for everybody. It is for those who are ready to take the risk. 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 sucks because bitcoin is going to the moon and the exchange rate is dropping down so you don't make any profit in bitcoin.
Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.
Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.
I tried bitcoin and altcoin trading many times but I didn't have success in trading. It's a taft job and requires high experience. Not for the amateurs like me. I will just hold my coins long term after all.
I know that the altcoin trading is quite different from Forex trading, where I have traded for several years with good results, but despite my supposed experience in trading I have come to the conclusion that holding my coins along these months involved in this business would have been much more profitable than trading them, so I have also come to think that I must value and respect my bitcoins and not risk them or exchange them for shitcoins.
Trading sucks because bitcoin is going to the moon and the exchange rate is dropping down so you don't make any profit in bitcoin.
Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.
Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.
I tried bitcoin and altcoin trading many times but I didn't have success in trading. It's a taft job and requires high experience. Not for the amateurs like me. I will just hold my coins long term after all.
Trading sucks because bitcoin is going to the moon and the exchange rate is dropping down so you don't make any profit in bitcoin.
Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.
Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.
i have the same case with now i holod shit NXT coin withworth that $1500 because market going down so deep.
I suggest to do backups on the base price, if you do not do it then you will incur big losses. Maybe you will not suffer losses on condition that you have to hold for several weeks ahead. This is a matter of time, you throw it away by doing hold. You can just charge it to experience and maybe try to learn from it. Crypto trading is never an easy thing despite what others are claiming. Not only must you require patience and a goos understanding of what you are getting into, but the risks will always be there especially for the alt coins that only serve as pump and dump instruments. I was also into a bit of trad8ng before but since I found out that I can't devote too much in it, I just decided to hold my coins and let it appreciate in value over time.
I hope you haven't lost all hope in trading, I think that you'll learn a lot from the experience that you've had. It's definitely hard yet profitable. I understand that the amount you've lost is huge, but losing comes with the risk of trading. Trading is not for everyone and there will always be a risk in it. I haven't tried it out because I don't think I'm ready and I can't afford to invest and lose money. So as of now, just been holding my coins as well with the hopes that will appreciate after some time.
you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money 
Yes, I agree with you many people want to become rich with in short period of time but they will end up in loss due to because they don't experience about trading. Op need to spend a lot of time on the trading market in order to get knowledge about trading.
That's right better knowledge should take place most of the time, because you might fail on your decisions particularly those time of doubts while the price decrease happens you cannot sell into good profit as well. I really feels disgusting when the price showed negative signs of drops and that hinders us to sell our coins in a right price which is so stressful. Long term solutions will be the right thing to do since, most of the profit experiences from different traders really have their better feedback about holding for so long months or even years.
Market never had mistake, the wrong is ourselves. Trading relies on money management, timing, and conditions. Analysis movement and trends and make sure our understanding of coins we traded. Most amateur traders are in a hurry to make buy or sell order, due to inadequate analysis. But i believe, over time and your understanding increases about trading you can enjoy profits flowing from trading.
i have the same case with now i holod shit NXT coin withworth that $1500 because market going down so deep.
you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money
Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict) 
you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money
Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict) We need to sacrifice something to make money. You have big investment then no need to sacrifice your health just invest money and wait for a couple of years. Or you want to become a day trader then you must spend a lot of time in trading. Ofcourse it will spoil your life by giving many shocks per day. You can able to control your tension then it will be possible but not sure.
A good alternative would be to just keep your btc in your wallet. Some traders easily make mistakes when doing day trades and its understandable due to the spikes and drops in altcoin market prices. If you're not experienced enough, you'll be emotionally pressured to react and more often than not, it doesn't turn out well. So just hold your coins if you don't think you can handle the pressure of day trade
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!
There is nothing wrong with holding your coins. Some do pracice and find success in it. However I also think that you can miss and overlook somethings if you just hold your coins as there are some pros in trading that cannot be replicated by just holding your coins.
you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money
Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict) We need to sacrifice something to make money. You have big investment then no need to sacrifice your health just invest money and wait for a couple of years. Or you want to become a day trader then you must spend a lot of time in trading. Ofcourse it will spoil your life by giving many shocks per day. You can able to control your tension then it will be possible but not sure.
you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money
Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict) Jump to: