Trading sucks, I'll just hold my coins - page 38.

Darknight31

full member

Activity: 209

Merit: 100

Quote from: glutoken on August 03, 2017, 06:21:17 PM

With anything, dont invest what you cant afford to lose.

Did you research these projects before you purchased?

Trading involves risks, but less risky than gambling. And people who wants to invest onto it must always remember to only invest what one can afford to lose and to make researches of must study before entering or trying to invest. Holding is a playsafe thing to do, but people who trades are risk takers and will sure earn a lot when they knew what to do.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: LimLims on August 10, 2017, 04:08:19 PM

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.

People not knowing how this market works, or what trading involves, should indeed stick to hodling. The problem these people often face is that they underestimate what it takes to trade this market.

People shouldn't focus on increasing their coin count if there isn't a viable opportunity to do so. In most cases trading won't work out well for them, investing in altcoins doesn't work either, cloud mining not, and the list goes on.

People for once should be happy that their coins are increasing in value, but as always, greed is stronger. They will only learn when they will pay the price for it, that's when they will appreciate hodling a bit more.

setupbounds

hero member

Activity: 910

Merit: 509

Quote from: zidanw on August 09, 2017, 04:49:47 AM

Quote from: bitcoinisbest on August 09, 2017, 04:12:36 AM

Quote from: JJriver on August 09, 2017, 04:00:24 AM

Trade does not require haste and the influence of emotions because of what is not suitable for everyone. I prefer to just keep coins, because this will also be a good profit because of the price increase.

This is one of the safe options in bitcoin if you are not able to take much risk. If you develop a skill to do trading then you have an added benefit which is that even in the falling market you can make money. While this benefit cannot be taken when you just invest in btc and do not trade with it.

Only holding the coin especially bitcoin not so risky, just sometimes takes a long time to feel the profits or price increases. Trading gives more profit but also puts more risk.

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.

ophyrim

sr. member

Activity: 994

Merit: 391

holding, long term investment is the best way for many times for many people. Even I daily or short term trade with some little amount of many, my big part of the money is invested for long term. I avoid using this long term invested money for daily or short term trade. Except for big expectations for a trusted coin after some really good research.

xFiber

sr. member

Activity: 336

Merit: 252

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.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: tiptopgemdotcom on August 10, 2017, 09:07:35 AM

Quote from: kafeelniazi on August 09, 2017, 02:22:53 PM

trading is good if you take it as your habit, because trading need your concentration and focus.

Trading is not suitable for everyone imo. If you ever had trading experience with altcoins then it is better to find which altcoin covers your needs. Sometimes you cant manage your emotions,sometimes you forget your money management rules vice versa..

Yes, trading is not suitable for anyone. Some people are born with trading traits. But those who are not suitable for trading, they can learn trading with patience. There is nothing that we can’t learn if we are putting all serious efforts into it. I will recommend all not to give up on trading or bitcoins. If you can’t do well at trading, just hold onto your coins.

corroze

sr. member

Activity: 602

Merit: 254

With trading certainly has the opportunity to grow bitcoin with a short time and this is different from those who always hold the bitcoin in the wallet although it can benefit probably with a relatively long time.But not all bitcoin users have knowledge and ability in terms of trade.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

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.

tiptopgemdotcom

legendary

Activity: 1736

Merit: 1000

Truly decentralized stable asset

Quote from: kafeelniazi on August 09, 2017, 02:22:53 PM

trading is good if you take it as your habit, because trading need your concentration and focus.

Trading is not suitable for everyone imo. If you ever had trading experience with altcoins then it is better to find which altcoin covers your needs. Sometimes you cant manage your emotions,sometimes you forget your money management rules vice versa..

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Valzzz005 on August 10, 2017, 07:48:55 AM

Quote from: rremus91 on August 03, 2017, 05:40:29 PM

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!

It depends upon the person who trades if you are going to be successful or not. Maybe trading is not just for you my friend. Just don't buy some shitcoins too if you are going to invest. And another thing, don't trust wallets some hackerscan steal all your investment. Just be happy and thankful that tou knew about this site, it can provide you money to be financially stable so don't waste it.

It is not that trading is not for him, he just starting to know trading and how it works so having this problems like getting huge losses is normal but the important thing is, he know what are the things that he need to improve in order to get new ideas to use in having a better decision and strategy.

bamboylee

hero member

Activity: 1148

Merit: 504

Trading is not for everyone especially if you do not have the discipline to control yourself or your emotion. It needs a lot of time to learn and to have enough experience to make decent trades. As OP said, you can just hold your bitcoin if you are not fit for trading. It is the easiest way to grow the value of your bitcoin.

themathiasmiller

sr. member

Activity: 434

Merit: 254

That just sux bro! I'm glad you posted this here, this just proves that not everyone can be a good trader and it can take lots of losses to be a successful one. Honestly I'm still a noob in trading I've started trading just a month ago and I haven't experience having that much of a loss but I've lose some luckily for me it isn't that big and the coins that I've invested in moon so I've regain the money that I have lost and gain profit.

Valzzz005

full member

Activity: 434

Merit: 100

Quote from: rremus91 on August 03, 2017, 05:40:29 PM

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!

It depends upon the person who trades if you are going to be successful or not. Maybe trading is not just for you my friend. Just don't buy some shitcoins too if you are going to invest. And another thing, don't trust wallets some hackerscan steal all your investment. Just be happy and thankful that tou knew about this site, it can provide you money to be financially stable so don't waste it.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: karmamiu on August 10, 2017, 07:23:28 AM

Quote from: matchi2011 on August 09, 2017, 10:29:36 PM

Quote from: kafeelniazi on August 09, 2017, 02:22:53 PM

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

I totally agree with you, some people literally wants to earn instantly in trading, but as we looked into it or from some of the people having further experience in trading, holding a coin is also one of the strategies a trader can make. Never think about losing while you can still hold for it and wait for the time til it goes back or the price rises up until you gain profit and decide for it whether sell or still hold.

well most big earners are those who really hold for a longer period, fluctuations are the big factors for both knowledgeable and newbies if you know
how the game works then you are in and possible to earn much bigger for holding.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: karmamiu on August 10, 2017, 07:23:28 AM

Quote from: matchi2011 on August 09, 2017, 10:29:36 PM

Quote from: kafeelniazi on August 09, 2017, 02:22:53 PM

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

I totally agree with you, some people literally wants to earn instantly in trading, but as we looked into it or from some of the people having further experience in trading, holding a coin is also one of the strategies a trader can make. Never think about losing while you can still hold for it and wait for the time til it goes back or the price rises up until you gain profit and decide for it whether sell or still hold.

If you do still hold off into your coins it cant still be considered as a loss since you didnt make a cut loss which is really an advantage for you as a trader but the risk is always there for you to lose up because we wont really know if the coin would still pump or not. Trading do really sucks if we do make losing trades but having these kind of losses cant really be avoided even on the professional ones do commit these loses.

karmamiu

sr. member

Activity: 588

Merit: 351

Quote from: matchi2011 on August 09, 2017, 10:29:36 PM

Quote from: kafeelniazi on August 09, 2017, 02:22:53 PM

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

I totally agree with you, some people literally wants to earn instantly in trading, but as we looked into it or from some of the people having further experience in trading, holding a coin is also one of the strategies a trader can make. Never think about losing while you can still hold for it and wait for the time til it goes back or the price rises up until you gain profit and decide for it whether sell or still hold.

Glory90

full member

Activity: 392

Merit: 101

Quote from: rremus91 on August 03, 2017, 05:40:29 PM

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!

Be patient, i think a trader must have experienced it
if it has lost 50% of your capital, holding yout coin is the best choice

but you have to get to know the technology and developer, if you are convinced of the potential crypto you are holding
it would not hurt us to invest with the crypto currency that we like

2double0

legendary

Activity: 2618

Merit: 1105

OP, the whole story gives a lesson to ^noobs^ that they should not try out their hands on something they don't know otherwise some horrible results may occur and financial losses may take place, but I want to know what did you invest your money in? There are obviously some verifiable parts here that could help you to think again before plunging into those ^pumps^ because it is meant and done to make a fool of noobs like you and many who just watch out a video over youtube about cryptocurrencies pumps and how it works, and just buy and wait without knowing a level of getting out. Greed won't let you win in the long run so leave greed or leave trading.

JPMoron

full member

Activity: 157

Merit: 100

I was thinking about the same amd I fpind your thread.
I just didnt knpw which to buy with my BTC or USDT.

So I leave everything as it is.
You got the point that suddenly that I found trading is too much and I am confused.
I ll need coffee now.

starblocks

hero member

Activity: 1344

Merit: 502

The title of the thread contains some valuable advice that's something I'll definitely agree is a good strategy, however you'd want to research well to ensure you're not buying into scams (there's threads that highlight scams in the forum here)

Else joining a pump group or two can be VERY profitable! (joke)

Topic: Trading sucks, I'll just hold my coins - page 38. (Read 25900 times)