What is the Biggest problem you have with trading / exchanging? - page 2.

soham

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Quote from: ponchovilla on July 04, 2017, 12:54:18 PM

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

The biggest issue I faced with trading is time management. I have a day job and I started trading just to increase my bitcoin savings. But to become successful in trading, you need to track the market very well. Otherwise, you won't be able to make informed decision and your speculations may fail to reach the conclusion.

Since I have a day job, I usually don't trade during weekdays because I don't time to track the market. I trade only during weekends now since I get time to track the market and also can stay online for as long as I want.

FrankNoland

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Quote from: ponchovilla on July 04, 2017, 12:54:18 PM

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

The problem that I usually have when I am trading is that I usually loose it when coming to timing. Say I buy now at a higher value and a few hours/days the values of the coins I bought crashes. Imagine, If I should have waited until then, I would bought at a cheaper value. However, it happens once after a while, trying to build up on that. Hopefully, they will recover, that is how the market goes.

Harriti

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Quote from: gabmen on September 15, 2017, 01:47:04 AM

Quote from: rgm108 on September 14, 2017, 05:50:09 PM

The exchange fees, they add up fast!

Well though i also would want to have this issue looked into.by exchanges, i think it's also necessary sometimes especially when the price of bitcoin shoots up very high. Exchanges base their fees probably on how they deem it fit to make the platform work better and faster

Hmm it just makes you spend many money when you trade on margin. Actually the exchange fees does not high and it very reasonable, only margin, it will increase when whales want to make trader take loss Cool

CarnagexD

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Quote from: xSkylarx on July 04, 2017, 02:54:36 PM

I think my biggest problem with trading is I am really a panic seller,
And because of that I have lost a lot of money .

In context we all could possibly be a part of the decision we will take in the future. It is true that dealing with transactions also a part of our feelings Becuase our trading is dependent on how we would an analyze every transaction we would take.

Emitdama

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Quote from: gabmen on September 15, 2017, 01:47:04 AM

Quote from: rgm108 on September 14, 2017, 05:50:09 PM

The exchange fees, they add up fast!

Well though i also would want to have this issue looked into.by exchanges, i think it's also necessary sometimes especially when the price of bitcoin shoots up very high. Exchanges base their fees probably on how they deem it fit to make the platform work better and faster

You are very much right. I think there are pros and cons of each and everything. If you want to do trading, then you have to face these little problems as well. There is no way that you can get rid of all these issues.

You have to accept them as it is. The good thing is that in comparison with advantages, these disadvantages hardly matters.

DevilSlayer

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I think the biggest problem is it is very hard to predict if the coin will rise up or go down. Prediction is really matter. We should not fear to invest our money because I know we will gain profit by investing.

bohr

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Quote from: veleten on September 11, 2017, 09:10:32 AM

the biggest problems are:
1.being able to determine the trends correctly and act accordingly,this is trader's bread and butter
and if you cannot predict if the market is going up or down,you should take up origami instead
2.being able to control your emotions and never succumb to panic or be a conformist (I think the trend is bullish,but everyone is selling,so I must be mistaken,lets selll...)
3.secure your accounts and do not store your assets online EVER,once you finished trading-secure your money
if you don't you are risking all your bank and future profits and whatever have you been doing before

The third point is something that a lot of traders do not take into consideration until they are burned because of a hack, a government intervention or an exit scam, then you see a lot of people crying and infuriated because of the losses that they got, but if they took care of their money and did not leave it in an exchange for an undefined amount of time then they could be fine.

newlone

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The hardest thing I encountered in the crypto market could be :
- Constant fluctuations are difficult to control.
- Other traders are tamponade the price
- suddenly coin disappears on the trading floor

BobBct

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That the fees is so high especially when you have a very big amount to trade it's like your trading 10 BTC and the fee is like 1% 1 BTC is is a very big deal so it sucks trading because of the fee.

yndye

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Quote from: Karen23 on September 17, 2017, 11:16:27 PM

My biggest problem in trading was when to buy low. Sometimes I'm becoming greedy and really wants to buy the lowest price. Onetime, I hold and hold because I thought it would still go down and when the price is slowly rising I panic and that's the time I bought missing the lowest price. And sometimes when the market had abruptly crash I bought all my funds realizing it will go down further more. Dah., Now Im buying my funds little buy little. If it drops I buy 50%, 25%, 25% respectively. Sometimes I divide it in 4 so that if it drops further more I still have some to purchase.

This is the best way to trade I think. Do not go all in when trading so that when the price go down, you can still buy in the dips so you are averaging down and you can lower down your target price. We cannot always buy at the bottom and sell at the top so it would be better to buy in portions so that wherever the price will go, you will know what action to take.

For my biggest problem in trading, I sometimes go all in in one trade as oppose to buying in portions before that's why I lose more than half of my trading capital before. Now, I am still trading getting back those losses and if my trading style would be effective this time then I hope I would be able to get my losses before the year ends.

GeniusAko

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Quote from: ponchovilla on July 04, 2017, 12:54:18 PM

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

My biggest mistake in trading when I sell quickly my coins. That time I don't have a patience and I regret that moment because the value of that coin tripled but because of my mistakes, I learned a lot of things.

Karen23

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My biggest problem in trading was when to buy low. Sometimes I'm becoming greedy and really wants to buy the lowest price. Onetime, I hold and hold because I thought it would still go down and when the price is slowly rising I panic and that's the time I bought missing the lowest price. And sometimes when the market had abruptly crash I bought all my funds realizing it will go down further more. Dah., Now Im buying my funds little buy little. If it drops I buy 50%, 25%, 25% respectively. Sometimes I divide it in 4 so that if it drops further more I still have some to purchase.

SMSabuj

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I am a professional Web Designer and Developer

I don't fill any big problem on trading. But I think transaction Fee and Time is the biggest problem on trading. Some well-known sites are charging so high. And all the site take huge time for Deposit and Withdraw.

GrayFullbuster

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Quote from: batang_bitcoin on July 04, 2017, 04:58:33 PM

Quote from: ponchovilla on July 04, 2017, 12:54:18 PM

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

The biggest problem that I'm experiencing in crypto trading is I'm becoming greedy. I usually not sell when I see the price pumping and that's making me miss a lot of profit. Because I don't have an idea on when it's going to pump and dump and if I sell sometimes it's already late but that is before and now no more regrets, profits is profit upon selling.

Yeah you have a point. We have the same problem in the trading. I also becoming greedy in the trading world. I always make bad decision and the result is really bad. I think we should not be greedy in the trading world.

rachelia13

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Quote from: xSkylarx on July 04, 2017, 02:54:36 PM

I think my biggest problem with trading is I am really a panic seller,
And because of that I have lost a lot of money .

Well I am a panic seller too, not only panic seller i also a panic buying too, i always panic buying when the price is rising and when I buy the price of the coin is falling down, so I often cut lost, I end up with losing many until now, but now since i busy with bounty and office work, I am not so focused anymore with trading, so I hold the coin that i have because the price is down too

dunfida

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Quote from: cryptokitty on September 15, 2017, 03:04:43 AM

The biggest problem i think is when investor/trader are facing a situation like what bitcoin's situation right now. News are greatly affect the bitcoin's price and demand. When you are an investor and you invest more, you will diffinetly scared about the situation now but some are staying cool and wait for the bitcoin price to rise.

This is the common problem on most investors or crypto traders on which we do suffer lose of money when prices do go down and when we saw our portfolio is falling down.It is really a hard thing even you are already an experienced person on this field.If you do see decreasing prices panic cant really be avoided this is why im sure some people are panic selling now.This is why its really important to learn trading carefully and dont rush up on making any decision.Cryptomarket is too volatile and unpredictable.

cryptokitty

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The biggest problem i think is when investor/trader are facing a situation like what bitcoin's situation right now. News are greatly affect the bitcoin's price and demand. When you are an investor and you invest more, you will diffinetly scared about the situation now but some are staying cool and wait for the bitcoin price to rise.

ReLieD

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Patience is what most of the people don't have when it comes to trading. Next is to stay protected from scammers . Basically only trade with trusted users or users who are ready to go first. Apart from all this you should have enough experience to negotiate and stick with the price you want and not to get manipulated by the other trader.

gabmen

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Quote from: rgm108 on September 14, 2017, 05:50:09 PM

The exchange fees, they add up fast!

Well though i also would want to have this issue looked into.by exchanges, i think it's also necessary sometimes especially when the price of bitcoin shoots up very high. Exchanges base their fees probably on how they deem it fit to make the platform work better and faster

rgm108

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The exchange fees, they add up fast!

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