Well in trading it is not always a win. That is why it is important to diversify, and have spare bitcoins available.
I do not know how you do your trading, just buy low sell high. You forgot patience.
Or maybe what you thought is low is already high, and you want to get it higher?
I first learn how to survive, only then the profit follows.
Topic: Trading sucks, I'll just hold my coins - page 40. (Read 25868 times)
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.
Getting into long term plans after having frustration with day trading is becoming common among many crypto currency traders as most of the times day trading is not profitable as it requires more intensive decision making to make profits with it. I think im gonna be a hodler from now on.
But with long-term trading plans, we can relax ourselves as we will be having lot of time to take any decisions and there will be a minimum guarantee for profit with long-term holding/trading plans.
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.
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.
Getting into long term plans after having frustration with day trading is becoming common among many crypto currency traders as most of the times day trading is not profitable as it requires more intensive decision making to make profits with it. I think im gonna be a hodler from now on.
But with long-term trading plans, we can relax ourselves as we will be having lot of time to take any decisions and there will be a minimum guarantee for profit with long-term holding/trading plans.
But crypto currencies are always good in long-term perspective hence holding them will be highly beneficial regardless of where you are investing. Because even unpopular coins also giving good returns in terms of USD value as bitcoin prices are always in rising mode.
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.
Getting into long term plans after having frustration with day trading is becoming common among many crypto currency traders as most of the times day trading is not profitable as it requires more intensive decision making to make profits with it. I think im gonna be a hodler from now on.
But with long-term trading plans, we can relax ourselves as we will be having lot of time to take any decisions and there will be a minimum guarantee for profit with long-term holding/trading plans.
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!
That's your decision, your money your call. But hold is half from trading itself, time to buy and sell never forget that. Every trader or investor will hold but how they choose the right coin and when to sell is different story. One more thing, we all know about stop loss but only few trader use it. As long your strategy make profit and fun just do it and never forget to fix when mistakes comes up. Good luck.
Trading is part of tricky investment in which you have to be very patient about your goals. If you get greedy while trading then you are almost finished with that trade no matter what you do. Your loss is not much and it should not happen but it is really temporary and bitcoin will rise up again. Most if the people do even greater trader strategy than this by holding at least 5-6 coins at the same time and they never get panicked with fall situation because they always have mind set that they can earn big with their trade. So try to learn these strategies and control the emotions. Rest is yours.
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.
Markets beat most traders. I've heard that trading generally fits a Pareto distribution: 80% of traders lose money, and 80% of trading gains are made by 20% of traders. So, don't feel too bad about it.
I think im gonna be a hodler from now on.
Not a bad strategy, in my experience. It's difficult to beat "buy and hold."
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.
I found the easiest way for me to trade is to stay off margin. Just buy with cash and hold for long term. The trading will come in time. I believe buying and holding coins for now is the best way to plan for your future. That's what I am doing. I am looking ahead. Best Wishes!
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.
Many people became hodlers since they missed out the last heavy bull run candles. I am not sure how this will end.
One of the biggest trust I have read here, thanks OP for sharing your opinion here, I think this thread must be pinned to avoid seing crying faces of another unsuccessful traders.
I agree, his experience in trading should be a lesson for other newbies who think that easy to make profit through trading.
Bitcoin really has advantages which makes it growing bigger over time, so no need to panic if its price drop back because in the end it will always recover.
We've been going through all this years with bitcoin and the cycle always repeated, keep holding your bitcoin and it will worth even more as time goes on.
If a trader succeeds in trading, the profit gained will surely be big. Trading is one of the considered best methods in earning and gaining profit but it does not just go with clicking the buy or sell button. In order to succeed we must study and learn how to it in the most wisest way to avoid failures. Honestly, I have been doing trading since I learned that the profit here is big but I still experience loosing better opportunities. Trading will always be like that, it will never be easy and there will no right time to do it but if we will study it first we can avoid getting disappointed in the end. Trading must surely come with being sport, we can never achieved big but we can continue trying in order to learn.
you have to learn who you are first before going after others. Trading is a mastery of psychology. It takes 10k hours to be a novice and become profitable long term. Ask any respectable trader in the world if you ever get a chance and they will tell you same thing. Most people don't get it. Some people here just got lucky. Most of these so called prophets that made it big with a few alts will give up the gains in the future if they keep trading because they don't know how to trade or don't know themselves enough.
And there are those that have enough btcs to manipulate how altcoins move. Not necessarily bitcoin but smaller altcoins that can be pumped or dumped by whales. Though in time, if you can figure out how to ride those pumps and dumps, you'll be able to take advantage of it as well.
Newbie trader here and it took me exactly 3 days to understand that short time trading is not for me. I lost some and gain too, but most of it was plain luck and I dont deserve that profit. I left it and now I just buy coins for holding now.
I know many professional traders who have already stopped day trading as it is not at all profitable for them also. Long-term trading or simply investing into bitcoin are the better option for any people with respect to bitcoin. Trading requires lot of on time decision when a trader cannot give them properly, it will be better option just holding bitcoin for some long period.
as for me its reversed, i'm actually good at day trading but shows difficulty on long terms. i don't know how they done it but compared to long term holding of altcoins.
maybe we are using different strategies, what i'm using is like this, find a high volume coin, buy a large number of it as much as possible, add 10+ sats on the bought price and
make a sell order. your profits will depend on the amount you bough and you might do it many times until the day ends but the bottomline is it is less risky since you're gonna get
out quick.
Newbie trader here and it took me exactly 3 days to understand that short time trading is not for me. I lost some and gain too, but most of it was plain luck and I dont deserve that profit. I left it and now I just buy coins for holding now.
I know many professional traders who have already stopped day trading as it is not at all profitable for them also. Long-term trading or simply investing into bitcoin are the better option for any people with respect to bitcoin. Trading requires lot of on time decision when a trader cannot give them properly, it will be better option just holding bitcoin for some long period.
Newbie trader here and it took me exactly 3 days to understand that short time trading is not for me. I lost some and gain too, but most of it was plain luck and I dont deserve that profit. I left it and now I just buy coins for holding now.
We really need a proper analysis and buy the right coins at the right time in other to succeed or trade professionally. Though I am sorry for your loss but you loss because you buy at the wrong time and no really market analysis. The simplest way to succeed in altcoins or bitcoin trading is buying when the price is at it lowest and sell when the price is at the highest. Follow this strategy and you will thank me later.
One of the biggest trust I have read here, thanks OP for sharing your opinion here, I think this thread must be pinned to avoid seing crying faces of another unsuccessful traders.
I agree, his experience in trading should be a lesson for other newbies who think that easy to make profit through trading.
Bitcoin really has advantages which makes it growing bigger over time, so no need to panic if its price drop back because in the end it will always recover.
We've been going through all this years with bitcoin and the cycle always repeated, keep holding your bitcoin and it will worth even more as time goes on.
The lessons are good and we should make use of those lessons so that we can find where we are lagging and we must focus on fulfilling all the requirements for trading so that we can make big profits from trading.
One of the biggest trust I have read here, thanks OP for sharing your opinion here, I think this thread must be pinned to avoid seing crying faces of another unsuccessful traders.
I agree, his experience in trading should be a lesson for other newbies who think that easy to make profit through trading.
Bitcoin really has advantages which makes it growing bigger over time, so no need to panic if its price drop back because in the end it will always recover.
We've been going through all this years with bitcoin and the cycle always repeated, keep holding your bitcoin and it will worth even more as time goes on.
If a trader succeeds in trading, the profit gained will surely be big. Trading is one of the considered best methods in earning and gaining profit but it does not just go with clicking the buy or sell button. In order to succeed we must study and learn how to it in the most wisest way to avoid failures. Honestly, I have been doing trading since I learned that the profit here is big but I still experience loosing better opportunities. Trading will always be like that, it will never be easy and there will no right time to do it but if we will study it first we can avoid getting disappointed in the end. Trading must surely come with being sport, we can never achieved big but we can continue trying in order to learn.
you have to learn who you are first before going after others. Trading is a mastery of psychology. It takes 10k hours to be a novice and become profitable long term. Ask any respectable trader in the world if you ever get a chance and they will tell you same thing. Most people don't get it. Some people here just got lucky. Most of these so called prophets that made it big with a few alts will give up the gains in the future if they keep trading because they don't know how to trade or don't know themselves enough.
And there are those that have enough btcs to manipulate how altcoins move. Not necessarily bitcoin but smaller altcoins that can be pumped or dumped by whales. Though in time, if you can figure out how to ride those pumps and dumps, you'll be able to take advantage of it as well.
One of the biggest trust I have read here, thanks OP for sharing your opinion here, I think this thread must be pinned to avoid seing crying faces of another unsuccessful traders.
I agree, his experience in trading should be a lesson for other newbies who think that easy to make profit through trading.
Bitcoin really has advantages which makes it growing bigger over time, so no need to panic if its price drop back because in the end it will always recover.
We've been going through all this years with bitcoin and the cycle always repeated, keep holding your bitcoin and it will worth even more as time goes on.
If a trader succeeds in trading, the profit gained will surely be big. Trading is one of the considered best methods in earning and gaining profit but it does not just go with clicking the buy or sell button. In order to succeed we must study and learn how to it in the most wisest way to avoid failures. Honestly, I have been doing trading since I learned that the profit here is big but I still experience loosing better opportunities. Trading will always be like that, it will never be easy and there will no right time to do it but if we will study it first we can avoid getting disappointed in the end. Trading must surely come with being sport, we can never achieved big but we can continue trying in order to learn.
you have to learn who you are first before going after others. Trading is a mastery of psychology. It takes 10k hours to be a novice and become profitable long term. Ask any respectable trader in the world if you ever get a chance and they will tell you same thing. Most people don't get it. Some people here just got lucky. Most of these so called prophets that made it big with a few alts will give up the gains in the future if they keep trading because they don't know how to trade or don't know themselves enough.
One of the biggest trust I have read here, thanks OP for sharing your opinion here, I think this thread must be pinned to avoid seing crying faces of another unsuccessful traders.
I agree, his experience in trading should be a lesson for other newbies who think that easy to make profit through trading.
Bitcoin really has advantages which makes it growing bigger over time, so no need to panic if its price drop back because in the end it will always recover.
We've been going through all this years with bitcoin and the cycle always repeated, keep holding your bitcoin and it will worth even more as time goes on.
If a trader succeeds in trading, the profit gained will surely be big. Trading is one of the considered best methods in earning and gaining profit but it does not just go with clicking the buy or sell button. In order to succeed we must study and learn how to it in the most wisest way to avoid failures. Honestly, I have been doing trading since I learned that the profit here is big but I still experience loosing better opportunities. Trading will always be like that, it will never be easy and there will no right time to do it but if we will study it first we can avoid getting disappointed in the end. Trading must surely come with being sport, we can never achieved big but we can continue trying in order to learn.
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