What is the Biggest problem you have with trading / exchanging? - page 8.

noictib

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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.

Yeah , everyone have big challenge in this field , The all types of the challenge are mostly similar .
The most usual problem is to predict about a particular coin and invest in them at a particular amount .
Since not everyone facing the same problem everytime because many of the old experienced trader are much powerful
To make prediction and can easily invest the better amount and I also always follow them because I don't have much idea
To make prediction , so best thing is that follow your senior in this field instead to do everything own self .
So probably such type of the condition are in minor in my trading job of altcoin and Bitcoin trading Cool

bitcoineverything

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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 problem I had before is having trouble looking for coins to invest into, considering there are already more than a thousand of them.

However, when I started doing research and learned how to do technical and fundamental analysis, that's the time I gained confidence in crypto trading. Know the value of the coin first before investing to it.

If you need more tips and strategies in trading, I have sent you a private message. I hope you find time reading it. Thanks!

racasanuk

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I have to agree with everybody who said “having patience” that said I have now after losing quite a bit of money learned that patience
do your best to never buy or sell at the current market price

shirazteam110

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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.

it depend on Which exchange you are in ..
few exchange take time to in withdraw and few exchange take time in Deposit But in the you will get what is yours !!! Cheesy

Simss

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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 problem in trading is I'm too brave to buy altcoin at high prices, and because of that I often lose my btc, Cry

gabmen

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Quote from: aldrian09 on July 15, 2017, 12:53:16 PM

The biggest problem I had with trading crypto is when xrp/ripple was pumping and the exchange site crashed so it was so hard to put sell order and then after a couple of minutes it dumped. I lost big amount of money that time.

Ouch i can imagine the anxiety you felt there. What exchange site would this be? This hasn't happened to be yet though i've thought about this scenario a lot of times already and i'm nit sure as well about what to do if it happened to me. I'm currently trading on three exchanges,yobit polo and bittrex and so far, i haven't had the misfortunte of that happening to me

aldrian09

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The biggest problem I had with trading crypto is when xrp/ripple was pumping and the exchange site crashed so it was so hard to put sell order and then after a couple of minutes it dumped. I lost big amount of money that time.

micle222

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The biggest problem I've ever experienced in the world of trading is the fudder that makes everyone panic and make prices out of prediction or prices go down quickly.
I often lose a lot of money when it happens.

azguard

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Some basic problem can be hacking exchange account or wallet maybe, sometimes more then slow confirmation, expectantly on some exchanges now. Lack of support for some exchanges (not gonna names then).

But besides this obvious problems we have some other that can be mentioned: acceptability issue, legitimacy and maybe regulatory issue.

holtzmann

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Sometimes I wait for too long and neglect the opportunity. I look forward to higher prices and eventually miss the chance.

PokerFace3

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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.

Monitoring. Monitoring is the thing which usually lacks when you talk about the beginners.

Firstly, they don’t learn the trading properly. In fact they don’t even know the basics of it still they start trading bitcoins. Secondly, you have to keep looking into the market. The exchange rates of crypto currencies. Wait for the better time to do both buying and selling.

Continuously watching market will eliminate more than 50% of complications of trading and exchanging. Monitoring will give us latest updates with less efforts of studying them. Instead of going for separate class for gaining knowledge on trading, just monitoring will help better.

buenav

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Hackers and scammers. I'm fairly paranoid so I'm ok but it really prevents the average person from WANTING to engage in any legitimate trade. Its unfortunate because bitcoins irreversibility and anonymity is a feature.

naidray

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Quote from: SaShiRaJaVu on July 04, 2017, 05:10:34 PM

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 .

If you are looking for quick profits these things will happen,you must have a laid back character while trading and if you are entering the coin at a decent price then you have to wait for a longer period than to sell at a loss because these coins will climb up at a later time,i never encountered a loss while trading because i make sure that i will not sell at a loss.

Yes though holding coins for a longer time is only worth with reputed coins like obviously bitcoins and a few more : ethereum doge, dash and litecoins apart from these and a few more, it's really almost like gambling keeping more than a few bucks.
But the problem is that these stable coins hardly have any big swings to trade with and hence we have to takew risk with the newer coins.

timerland

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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.

I have two major problems currently with trading:

1. Lack of local traders, existing ones have spreads of upwards to 10%
2. Verification process is way too extensive and unnecessary at most licensed exchanges

In a sense, these two problems are all the same problem that can be solved by more people actively trading bitcoin p2p, and reducing the spread. Then, people have an alternative to using a centralized exchange. We have seen this in China when the KYC laws became real strict, people switched to p2p almost immediately and localbitcoins volume in china is booming like crazy.

RealPhotoshoper

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Quote from: ubercool on July 05, 2017, 06:14:40 AM

The major problem for me in trading is to find the right time for selling/buying, sometimes I sold my coins too early without thinking about the future of that coin, similarly bought some coins very lately where I could have made a great profit but now I have to adjust with a normal profit or equal cashout.

you will never find a right time to sell or buy in trading lol.
if so then trading is predictable and nothing good happened when it is preadictable , it could be chaos.
at least you have done an effort to predict the price until it is close to the accurate.

el kaka22

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Quote from: AjithBtc on July 05, 2017, 06:52:18 AM

Quote from: toolucky98 on July 05, 2017, 06:49:38 AM

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.

i got really bad problem bro, when i bought some altcoins, it continued to dump and when i sold some altcoins, it continued to pump.
i know im still a newbie, but this is really bad and sad lol .

You itself knew that you don't have a perfect understanding about the market. So directly don't get into the trading. Learn about the do's and don'ts of bitcoin and altcoins trading. Gradually start with a smaller amount and this will make things better when you go on further trading.

Yep, it’s always more safer to enter crypto market with small investments. Being new to crypto trading, it is an act of stupidity to start buying and selling with large values. Furthermore, we should have sound knowledge about market fluctuations and strategies to deal with unfavorable circumstances.

As discussed earlier, many people face severe problems in handling emotions. Never let your emotions overpower your mind. Trading is a slow process of making massive profits but it demands patience and courage.

rickadone

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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.

Basically my biggest problem is the ability to trade coins on desired platform. I mean there are some coins which I love and would like to trade all day but basically due to them being only listed on low grade exchanges I am unable to do that.

If the same coins hit poloniex or c-cex their value would be worth 100 times more. But unfortunately this can't be helped and we have to trade only coins listed there.

sana54210

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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 .

You are a panic seller and I am a panic buyer, when I see a coin's price rising I am just too tempted and buy the coin later I realize that was a temporary bump and have to sell them at a cheaper price. For panic sellers you can easily control that but what do I do ?

I mean how can I know what's the best time to buy a coin, about selling I can just set my targets and then sell them once that price hits.

RedditMaster

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The biggest problem I have experienced so far with trading/exchanging is when the exchange all my money was on (forget the name, it was a smaller one) closed down and the owner stole everyone's Bitcoins. Boy, did some people lose a lots of money. I think I lost something like $200, so it wasn't all that bad, could have been a lto worse if it happened a couple weeks before that when I had over $1,000 on there. Oh well, live and learn. Paper wallet.

stevebc

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The biggest problem I have is that it seems like it would be a tax nightmare - so I don't do it.

Honestly I don't consider it a problem - I HODL tight to put off having to deal with that. It's worked well for me so far!

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