Topic: What have you learned in cryptocurrency trading. (Read 404 times)

I learned to be need patience its a key for trading and earning something. If u want to do some profit u need to wait for your profit

That's the difference between crypto trading and forex. Crypto is more speculative and a couple of negative news and fuds can greatly affect how a certain coin moves. That's why more than technical analysis, i think it's more important to be aware of recent news and happenings in the crypto world for your own basis

I've learned so much in crypto that i think i will never learn in real life. This tested my patience most of all. I'm actually a fomo guy, but eventually i learned to do trading without emotion. Just setting your target price and stick with it.

Cryptocurrency trading is very risks like others treated it. It is not easy at first but when you are ready into taking challenges you can come up with the difficulty and you can faced the reality. Like once in lose accept the fact and serve it as a lesson. Also we must have learned the patience and not too emotional in order for us to achieve of gaining profit.

For me the very interesting that I have learned in my life is that I am able to manage my time and my money well, it also boost you to have your own techniques and strategies for you to earn more, as well as learning to overcome my fear of losing some of my money and the emotion whenever I am seeing the price goes down.

Trading just for me a good way to increase your btc and then i have to invest it in the major crypto for long run. i used to do short term trading with a specific amount of btc and then put the profit into some high potential crypto for long run. Although long term trading is more profitable and it is more safer than short, but you could have a lot of profit in doing short term though it can't be deny that is it too risky, it is just need to monitor it from time to time for you to avail the chance to earn big in it.

It doesn’t make much sense while you trade both of them. The only physical difference that they have is decentralised network and centralised network. To be picky, I would say both work on the same principle of news, comments, happenings around the world and get affected with them.

We need to stay up to date with all the kinds of trades, no matter what is the nature of trades.

Speaking on the regulatory fronts, I have learnt very well that decentralisation could be pain in the ass whenever we see the artificial manipulation of the market. This thing can not happen in the centralised manner, where the whole thing actually depends on the world news and nothing else’s.

New investors coming into the market when it’s hot.

They have no knowledge about the coin their investing in, they are just looking to make money - The sad thing is that the market is volatile and the veterans are making money from this swings.

People are greedy so although we encourage everyone to invest only a little portion of their investments, they go all in, in hopes of getting millionaires by night.

So as i was saying, the market goes up a little, they pride of their investments to friends - their friends don’t want to miss out so they buy in because of FOMO (Fear of missing out) - Then something happens, the veterans are taking some profits and the market percentage goes down (We call this correction).

It’s very hard for regular people to understand this phenomenon and they are being fed with news like “The Crypto Bubble is popping” - What do you do as an individual who invested all his life savings and watch shitty news which influence your emotions? - That’s right, you sell them to minimise the loss.

Do you know who is there to buy you out? - The veterans who sold their coins when the market was hot.

So you are left out of the market with a loss of maybe 20% of your investments and now you are spreading bad words about Crypto and Blockchain, that they are a ponzi scheme and so on - The problem is, people are very easily influenced and they will form a bad opinion of this new technology - That’s not very good.

Crypyocurrency trading is not easy as what we do in the real world because you must always updated with your altcoins and other than that when you want to enter the world of trading other than being intelligent you must also have patience because if you want to gain huge profit you must know how to hold before you trade it

Over my short stint of trading full time, I'd say this has been the lesson you'd need to hold on. Timing is everything in these markets, that's why it's very difficult to do this full time and make it a profitable, even with bots. The guys who do this full time are simply talented.

I learned to be patient, dont let your emotion control the decision you have to make and dont trust easily in so many speculations. Its better to be updated in the news about cryptocurrency and balance the situation because only yourself can decide how your investment would be like as time passes.

Timing the market and so you dont missed the right time when to make profit with your holdings.

there is the big lesson:  forget how much money i earned and how much money i lost. keep a cool head and dont let them affect the next trading decisions.

Think always with your head and do not buy something according to other people's opinion. Perform technical analysis yourself

I earned a lot making scalping or day trading but what you said it is very risky. Yes it is risky you must enter and exit at the right time or else you will lose your money. Sometimes I make day trading that turns to be a long term because of wrong timing on buying coins, instead of going up it goes down more. But sometimes day trading would make you profit easily. 

This is the most important thing to learn in trading. You must have a very big patience because if you or me is a short tempered trader. I bet you, we will lose constantly but if somehow we managed ourself. We will avoid this. Another thing i learn from trading is to never stop learning because if we don't learn from it. We can't be successfull and i always accept the fact that if i lose some of my investment. I won't mind it and just find another trading opportunity because it will only distract you.

Trading is not that easy so its great things if you learn how to have patience. I learned that trading with cryptocurrency really need patience becuase its very volatile but no matter what happen your target price will be hit on the right time, learn control emotion, study more about trading so you will be confident for every trading decision you will be made.

Yes as we need to be up to the date with all the global news and events about crypto coin if we need to be a good trader and also we need to have our own market research and then take facts and figures based on that research to see where we stand in understanding the crypto market and panic selling is the worst and last things a trader can do (even new traders do sell off the coins at lesser price when there is a dip).

Patience is a virtue, that is what you have to keep in your mind. And always trust no one but yourself. Trading needs a lot of knowledge and you have to always be informative when it comes to the pricing so you won't be losing any amount. Don't ever be listen to others about when to trade, you have to know it in yourself.

Just nailed the point as patience is the most important aspect of trading and trader should never panic which we all tend to do when we are new to trading and the as trader one has to be more optimistic as there are ways to make the most when the value of a particular crypto currency drops as i have seen traders going through tough time but it's their patience and hardwork which makes them rich and successful.

If you have a big bag of a small coin good luck trying to exit all your coins because if you did at once you would smash the book right down. Sucks to be holding onto a lot of valuable coins you can't get rid of, truly awful feeling .