Topic: Trading sucks, I'll just hold my coins - page 39. (Read 25900 times)
People say that trading sucks, by the same time there are people who are successful through trading. Just holding is a good choice for the one who doesn't have the mind to take risk or who wish to be on the safer side without any loss happening. While holding need to be good going with the security features.
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 agreed. Its not for everybody. Because if you are too emotional and affected by every price swings you see, and just suddenly jumps the gun to sell whenever the price dip then trading is not for you. You also need patience in trading and look for the perfect time to dump your coins and not just based anything on FUD's around that will influence your decision to sell. So its not easy as it seems. Specially for newbie's here, who at the beginning thought that bitcoin is a quick rich scheme, go into trading and later find out that it didn't work that way. Instead sell incurred lost and wake away from trading.
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.
Over time, my risk appetite has lessened and I've lessened my exposure to short term trading. It feels good to have funds tucked away in cold storage while seeing the ecosystem grow so much at once.
We're also in a new era of regulated exchanges, and it's becoming increasingly dangerous to store funds on unregulated exchanges. The BTC-e takedown must have been an eye-opener for many.
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.
trading is good if you take it as your habit, because trading need your concentration and focus.
I did a bit of day trading but i never seem to time the market well, bitcoin always outfoxes me and even though my exchange has no fees, its just not ideal situation.
I think im gonna be a hodler from now on.
I think im gonna be a hodler from now on.
The market has never been good, but it's not bad either. It is important that your decisions, in business, you need a well-informed head. Making money is not difficult, but it needs your skills.
However, I noticed some skillful newbie get struggle too much since they gave skills with them. They cannot be part of any project in the forum itself. Trust is expected from every people to part of any btc related projects. Then money not difficult to earn at all.
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.
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.
Yes, trade can give a very big profit. And many people are willing to risk for this profit. Each of us has two options - either work without risk in the office and get a small income, or take a chance and get a very big come in the trade.
I did a bit of day trading but i never seem to time the market well, bitcoin always outfoxes me and even though my exchange has no fees, its just not ideal situation.
I think im gonna be a hodler from now on.
I think im gonna be a hodler from now on.
The market has never been good, but it's not bad either. It is important that your decisions, in business, you need a well-informed head. Making money is not difficult, but it needs your skills.
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 thhink you have not analyzed the market and have bought a shit coin just on seeing its rapid increase in price.You didn't realize that its being pumped.So sad to hear that you would have to work for six months more to recover that amount.Crypto currency trading is very highly volatile.So,just save your bitcoins in a wallet and let it be there as a long term investment.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!
Trade requires a bit of luck, patience, and analysis. I invest an amount that does not cause so much if I lose and i lose around 60% of my trades, for me is the price to learn. Try not to buy coins in pump, unless you can buy at the beginning. Don't give up, trade is serious but can also be a lot of fun. Good luck!
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 thhink you have not analyzed the market and have bought a shit coin just on seeing its rapid increase in price.You didn't realize that its being pumped.So sad to hear that you would have to work for six months more to recover that amount.Crypto currency trading is very highly volatile.So,just save your bitcoins in a wallet and let it be there as a long term investment. 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!
Same here. I lost 5k 4 days ago. going to hold for a long time
If you don't know how to trade properly then you should just hold your coins because trading is not for people who didn't have patience to accept the losses and trade again and just keep the cycle until the trading performance gets better. Trading will give you headache and frustrations before you enjoy the opportunity of it.
It will really give your frustrations if you dont really know on what you are doing specially on trading we know trading is very crucial and do really need knowledge in able to make good trades. Seeing negative results would really give emotions effects on us which would really lead to frustrations and rage if we dont know how to control it then we would really got pissed off on trading.
If you don't know how to trade properly then you should just hold your coins because trading is not for people who didn't have patience to accept the losses and trade again and just keep the cycle until the trading performance gets better. Trading will give you headache and frustrations before you enjoy the opportunity of it.
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.
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.
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.
Many people became hodlers since they missed out the last heavy bull run candles. I am not sure how this will end.
Many people expect too much from trading, think it's easy money and very soon they get disappointed or lose big money. When they realise they got it all wrong they become holders. And trading is not easy job and it's not for everyone, you have to invest a lot of time and efforts in it. .Not everyone can be a trader.
It wasn't that easy , there's risk where you should anticipate it before talking good things abd good result.
I personally better to talk how much i could lost put certain buy position rather than the good possibility.
Who else here loves to follow pump/dump groups? Beware! You may end up in same trauma. Why?
Answer is simple, such groups are meant to earn personal profits, they don't care where your profits go. They invest in coin first and then tell you to buy that coin. As a result earn themselves good amount but you are the one who lose. In 99% cases, they choose shitty small cap coins.
So make it a habit, whenever you are desirous of investing, choose only big and established coins.
Answer is simple, such groups are meant to earn personal profits, they don't care where your profits go. They invest in coin first and then tell you to buy that coin. As a result earn themselves good amount but you are the one who lose. In 99% cases, they choose shitty small cap coins.
So make it a habit, whenever you are desirous of investing, choose only big and established coins.
So many young traders are leaving day trading because it puts them into frustration and stress. Indeed day trading demands quick and big decisions which is a big challenge for so many traders.
Many people are not good at managing stress, ultimately the end up with wrong decisions. This is not the case with long term trading. A trader has maximum chances of making profit in this trading.
Many people are not good at managing stress, ultimately the end up with wrong decisions. This is not the case with long term trading. A trader has maximum chances of making profit in this trading.
The fact is that most people aren't cut out for trading... especially day trading. It's a very stressful endeavor for those that can't handle losses easily. A good trader wins 60% of the time. More than that, and you are either very talented, or very lucky. Trading is all about managing risk, and that involves taking lots of small losses on the path to bigger gains.
It's definitely easier on the psyche if you have some "extra money" to invest in something for the long term. Then you don't feel the day-to-day stress of "losing money." When you consider yourself a trader, your capital is at risk every day.
Jump to: