Topic: Trading sucks, I'll just hold my coins - page 37. (Read 25900 times)

Hey, don't quit just because you had an accident. If you want to trade, you should be aware that this is an activity for the long-term. Moreover, if you are just beginning you should be prepared to lose, probably even several times. If you don't like the long-term aspect, then you probably shouldn't trade. There will be wins, but there will be losses too. If we could predict all the ups and downs with certainty, we wpild all be millionaires here. Give this a thought and I wish you the best of luck

If do not have sufficient knowledge or skills, then you could have been made more by just hodling ... It's a lesson that has to be learned by yourself.

Yes thats right but it is much better if you have coins just get some small amount and try to trade cause you will never learn about trading if you dont try and experience the feeling in trading.

Yes thats right but it is much better if you have coins just get some small amount and try to trade cause you will never learn about trading if you dont try and experience the feeling in trading.

If you don't have any knowledge of trading then best thing is to hold your coins in your wallet and sell them only when its giving you good profits but keep in mind that holding will never grow your bitcoins which is possible with trading.

Yes you're right we need to take risk in order to gain profit we never know when the price will go up or will go down we must pay attention to the market status of the coins we are holding

Sometimes holding is not a good option because the value may go down that you never expect it. So it is always good to check the market when the price of the coin is increasing you can sell them in the market for profit.

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!

See , you are facing many losses because of your own mistakes . You should have control on yourself and stop behaving like mental people breaking things and then regretting. For trading you need to be mature , if your not then any one would manipulate you and they will make huge profits by making you a fool. So if you don't understand trading, then STOP .

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.

No doubt about this that buying and holding coins is the simplest way of earning in trading but why you are calling trading a gambling. Trading is not gambling by any means. The volatility of the crypto market does not make it gabling at least. Even in the businesses other than virtual ones, you are not always damn sure about the profits and same is the case with trading.

I've been long enough in this space to know that there are a sh*'t load of people who think they know what they' re doing. Believe me they don't. In fact it's just 'sustainable' gambling in a sense because you never know what the market's going to do. So if you buy an alt, you gamble that it will go up in the next few hours, days, weeks or months. Okay technical analysis can help you make better trades but that doesn't take away that you're gambling. It's better to just buy and hold.

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!

Sometimes holding is not a good option because the value may go down that you never expect it. So it is always good to check the market when the price of the coin is increasing you can sell them in the market for profit.

If you don't have any knowledge of trading then best thing is to hold your coins in your wallet and sell them only when its giving you good profits but keep in mind that holding will never grow your bitcoins which is possible with trading.

Trading is not risky at all. I believe that trading is safer than any other means of earning bitcoins. Holding bitcoins is not tough at all. Rather I believe that holding bitcoins is far better than doing trading. Trading just gives enormous profit; it does not put any risk. Trading is better than any other ways of earning bitcoins or huge profit.

Trading is not risky at all. I believe that trading is safer than any other means of earning bitcoins. Holding bitcoins is not tough at all. Rather I believe that holding bitcoins is far better than doing trading. Trading just gives enormous profit; it does not put any risk. Trading is better than any other ways of earning bitcoins or huge profit.