Topic: Trading sucks, I'll just hold my coins - page 34. (Read 25900 times)

yeah you are right for becoming a good trader you need practice and analysis of at least 3-4 years then you  can call your self a good trader.
its not very easy to earn money with trading . if you don't know anything about the market you can also lose your money in one day so start with a small amount which you can afford to loose. think twice before doing anything   .thats my advice to all the beginners

Here comes the thing that what actually you want to make? And there are two possibilities, either you would be aiming to get more money or you would be aiming to get more bitcoin. holding coin is lazy thing it will and trading is active. Both contains risk because if value falls in market then both things will be at loss but trading will be more in loss. The only difference is that trading gives you bitcoin and holding gives you money. So its up to you what do you want.

Yes and for me I have nothing to say about bitcoin proves everything that he is the number coin of all we can't say that it will die soon but never be happen so for me trading much better and holding give this only a specific time but don't hold too long.

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!

And I must say I got some real experienced man. I would say that if somebody wants to quit trading then it is up to that person and it tells us that that person is not hard working. Market always has ups and downs and for real trading we must how to go through them. Bitcoin already has proven that it is better than all other currencies. But holding is also not a bad thing if we think about it as it also gives huge benefits.

Actually the crypto market still very potential and easy earning profit if you can spend your money buy Bitcoin and long term it, or choose an altcoin for have profit better Bitcoin if you know. The price of cryptocurrency in future can growth more but we need Bitcoin create this trend first.

This is true, we cant really anytime rely on trading earnings because some will not pump for a long period of time which means if we rely on that one then it would really be a disaster for us. This is why diversification would be the best move because if one coin dump its price we do have still chances on hitting up on other coins for pumps which would somehow patch up it which we can able still to make money.

Forsooth, we can't rely anytime in trading because sometimes the coin that you are trading is dump and it will takes a lot of time before it pump. Hence, you should have another way of income so that while waiting for the right time to sell you have your alternative income. In trading, you must monitor your coin all the time because in any minute it might grow.

It all depends not all the time trading is reliable because it's a normal case when it has low value at times and also there are good chances in trading for some reasons especially when there are many investors. If I also my coins,I have to monitor it from time to time so that I will be able to see if I gain profits or if I will have losses. We can't blame but just control our emotion always have patience with you in terms of trading btc.

Actually the crypto market still very potential and easy earning profit if you can spend your money buy  and long term it, or choose an altcoin for have profit better  if you know. The price of cryptocurrency in future can growth more but we need  create this trend first.

Quitting too early is not an option! My advice to is you should go back and learn the basics of bitcoin trading (Available on YouTube) and master few things and start over with small budget. People tend to lose money when it comes to putting a lot of money in the market, even professional traders sometimes lose money too. In fact in business you can't just always make money, someday you can make money, someday lose money too, that is part of the learning.

To be honest I would like to have more information on which coins have you invested and WHY did you do it at all in exactly those coins.

And if YOU sold - I guess you did - why did you do it. As many here said, for trading to be profitable you gotta be able to hold as long as it is not profitable until... it is.

Don't ever sell your values unless you need them or the coin is almost really dead. Do some proper research on projects before getting into a coin and don't ever get to a coin without enough market cap.

And of course... as yourself said that: buy low, sell high  

How about altcoin holders?

You tell us to hold bitcoins, this is true but only valid for bitcoin holders. Majority of us diversified our assets between different altcoins and bitcoin. Maybe the pumps were incentives for us to go for altcoin, anyway, we're in loss. When we try trading them, we undergo unexpected price results. Holding without trade makes us weak.

True, trading your bitcoin to alts now sucks. So much better not to trade and let your bitcoin moon itself.

I think you made a bad move, did you sell your coins while it was down during the bitcoin correction? Then you lose in the trade.. Did you know that you dont need to sell that, few months later that coins you bought will go up.