Topic: Trading sucks, I'll just hold my coins - page 8. (Read 25900 times)
Trading is very risky moreso if you are new to trading cryptocurrency. Newbie venturing to trading should first do some dummy trading and move to trading with own money. You should trade with money you can afford to lose. When you have have established Your Own method of trading, you can then proceed into trading with big amount.
Any profitable trading strategy should include competent money-management. You should to limit your losses and always stick to your strategy. If it doesn't work, then it's worth trying another one. The main thing is not to give in to emotions. All this is very difficult, so being a successful trader is a difficult profession.
I also experience it, I trade by buying when the price goes down and then sell it again when the price goes up and I do it for the short term, I do it several times so I got a lot of profits but I am not careful in seeing the market so I missed the moment to sell when the price started to fall and now I can only hold and wait for the price to go back up.
I always attitude towards cryptocurrency as long-term investments. I also understood that trading is definitely not mine, so I decided to create a cryptocurrency portfolio and make less speculations with it.
Every one has Bad day, especially when we are part of crypto we know it very well. To me Crypto is 50% reality+30% news+20% luck. These three can change anytime for anyone.Each individual is very small part crypto market until we think bigger market can't give bigger. So think for future market and forget trading. Keep smile friend.
asumming that you lost that huge amount of money, you probably started with much more money, how you do you expect having profits without any knowledge? that is insane, it was your fault, you didnt know how the market works, strategies, anything, and you just jumped to the pool without water.
Obviously that is a very huge amount of money, i dont know how would i feel if that happens to me, it would be horrible that i can not even think about it.
your being so hard for the OP mate,but what you are saying is true,never engaged to anything thy you had no big knowledge and most specially if the dealing concerns funds and money,this is one big mistakes that everyone should avoid,trading is the most risky part of crypto,but this is the biggest profit provider so better risk big and gain bigger Obviously that is a very huge amount of money, i dont know how would i feel if that happens to me, it would be horrible that i can not even think about it.
asumming that you lost that huge amount of money, you probably started with much more money, how you do you expect having profits without any knowledge? that is insane, it was your fault, you didnt know how the market works, strategies, anything, and you just jumped to the pool without water.
Obviously that is a very huge amount of money, i dont know how would i feel if that happens to me, it would be horrible that i can not even think about it.
Obviously that is a very huge amount of money, i dont know how would i feel if that happens to me, it would be horrible that i can not even think about it.
Day trading is not a cup of tea of each and every person especially if you are new to it as you will easily get panic when you see price dropping and in that case you will sell your coins at lower price and it will entertain loss for you so if you don't have patience better to invest in highly reputed coins and hold it for long term and sell it when price exceeds your entry price.
You don't need to trade it everyday. Day trading is risky. if i we're you i will hold my coins and it's safe just keep it in your wallet and sell it when it's alts season. Always remember patience is the key to all success.
We all know that patience re making to our success for cause this is the most common thing that may ever happen for , patience of that this is you may able to hold for are taking you to have patience for.Patience is the key to success but not all time we need to be patient, we need to know first about the coin we want to hold for long term. sometimes it is OK to sell our coin when it's totally get profit.
And being greedy is no good for everybody so just set a target or limit to your coins and when you hit that then sell it especially when you profited good.
OP, trading isn't for everybody, and maybe it's not your cup of tea so better just be a bag holder and who knows being a holder makes you rich in time as we all know that many gets rich just by holding. No hassle, no pressure.
You should have diversify your portfolio by putting your capital on several coins . You lacked proper trading strategies and knowledge so the best options for you was to trade with littler capital or put in place a stop loss trading strategies.
oh. I think you are quite right in opinion. , no trade and keep coins. But I think, neeua little deal how the value of coin will increase. So that choice can only come from a minority.
If I had a lot of money, I would keep the value for a long time, come back and surprise the value up × 10 times. hihu
If I had a lot of money, I would keep the value for a long time, come back and surprise the value up × 10 times. hihu
You don't need to trade it everyday. Day trading is risky. if i we're you i will hold my coins and it's safe just keep it in your wallet and sell it when it's alts season. Always remember patience is the key to all success.
We all know that patience re making to our success for cause this is the most common thing that may ever happen for , patience of that this is you may able to hold for are taking you to have patience for.Patience is the key to success but not all time we need to be patient, we need to know first about the coin we want to hold for long term. sometimes it is OK to sell our coin when it's totally get profit.
Statistics say that most of the traders lose money, so... yes, trading sucks. In cryptos you have the fortunate alternative of getting rich by just holding your coins for several years, so I'd rather go for that way too.
Trading is really the best way to get the best earning than many other opportunities that are available in the market. Holding the coins is the best one that any user can do. In between users need to sell and buy it back than holding long-term, because this will contribute to the circulation required for growth.
Yeah,trading is really risky for people who is new in the business...but for the veterans it's their bread and butter,a full time job that they are sticking because they earn a living from it,they have vast experience and knowledge of the game.For us trying to learn the trade i advise to do it slowly but surely losses can't be avoided so trade on small amount until you gain a good experience to trade big time.
And lastly,you are not alone the best investment for us at the moment is just hodl the coins.
And lastly,you are not alone the best investment for us at the moment is just hodl the coins.
Any activity sucks, if you don't know the job...
Losses are an inevitable part of trading; if you are a good trader, you accept them and recuperate.
If you are not, you will lose more. That simple...
Losses are an inevitable part of trading; if you are a good trader, you accept them and recuperate.
If you are not, you will lose more. That simple...
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!
If you are a newbie and want to do a day trade that would be a risky part on your self plus you are buying coins that been hype by your fellow traders you will caught on a high price and will be stuck there for long term. pump and dump is also not advisable for newbie they are only fooling you. Invest only in coins that you are familiar with and with good standing and project to lower your risk for losing your investmentI 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!
Sorry to hear you lost so much money 
It's always better to learn from somebody else's mistakes, especially when it comes to such big losses. I've read a lot already about cryptocurrencies and ICO's, but I am still not sure about my abilities to trade right. So I just keep my investments and look into promising ICO's for now.
It's always better to learn from somebody else's mistakes, especially when it comes to such big losses. I've read a lot already about cryptocurrencies and ICO's, but I am still not sure about my abilities to trade right. So I just keep my investments and look into promising ICO's for now. 
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!
Maybe tarfing some coins is not just for you so that you are sayimg those things. And not all people can be good at trading because before you will gain some of those profits that trading can give you, you will first lose a lot of money and the problem to you is you give up that easily so that you did not win back all of your loss. But it is really up to you if it is much better to just hold you cpins then just hold it because it is less risky than trading because trading is more on active thing ao if you dont have the skill then it will be hard.
If your patience and if you think checking any update in the market consume a lot of time for you, it is good to say that just hold you coins and just focus on your everyday life and check the market after month.
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