Topic: What was your experience trading cryptocurrency? - page 2. (Read 1028 times)
My worst experience so far is missing the opportunity not to invest in bitcoin when it was around $3k last year. I was only busy acquiring worthless token that has no means of skyrocketing, other than depreciating in value. Each time I remember such mistake, I feel depressed.
Mistakes makes you better, without learning how to be good you can't become good without making mistakes and learning from there, hence why you should even make mistakes and that is promoted since that would allow you to get better. However, there are people who say too many good things about making mistakes like it is amazing even after a while, it is not, if you are making mistakes after a year, two years, even five years later that means you are not doing that well and maybe you should stop.
I mean not small mistakes rare in between, I am talking about someone who still makes a ton of mistakes. You gotta learn and start to make less and less and less losses after a while if you are not getting any better you have to try to see why you are not that good after a while.
I mean not small mistakes rare in between, I am talking about someone who still makes a ton of mistakes. You gotta learn and start to make less and less and less losses after a while if you are not getting any better you have to try to see why you are not that good after a while.
Reading all the replies and comment in this thread, it gives me realization how trading it works. The risk is really high and I believe that not all who have the hard try in trading will succeed. It is to see that even how good you in trading but can't disclose any chances to suffer losses someday. Now, I understand that there is no easy way to become a pro trader nor to see an instant return. But then, if we think ourselves that are capable of doing this, we have to stick to until we got it to reach.
Watch the price! You can open any chart for bitcoin and take a look at the price movement for the last month, year, all... you can find some patterns, you can find some middle price and sell over that price and buy under that price for certain time.
I learned everything by myself, I looked what others do, check some signal here and there, compare that with others, and the beauty is that if you miss a trade with bitcoins just move them on a side (you can't do this will all coins) and wait for price to recover, that always happens!
My trading experience is full of ups and downs, and in the beginning it was more downs than ups, but if you are persistent, if you like to learn you can become better with more experience, with more practice.
I have a bad experience too as a trader when I was just starting. I thought its easy and though I dont have enough knowledge on what to do in actual trade, I decided to try it already but unfortunately I lose that capital, good thing its a small amount. As time goes by I learned many things but losing is inevitable no matter how good you are and I think its part of being a trader. It has a good sides and that is learning from that experience and never repeat the same mistakes the next time you trade.
That is what most of us experienced when we are just started and some have learned but some continues to make mistakes until now.
actually i had stopped trading because for me i would rather risk my money in Holding than trading.
also i have work in real life so i don't need to spend time in money in trading .
Reading all the replies and comment in this thread, it gives me realization how trading it works. The risk is really high and I believe that not all who have the hard try in trading will succeed. It is to see that even how good you in trading but can't disclose any chances to suffer losses someday. Now, I understand that there is no easy way to become a pro trader nor to see an instant return. But then, if we think ourselves that are capable of doing this, we have to stick to until we got it to reach.
TBH, it wasn't really a perfect day all the time. Maybe it is quite normal to experience bloodbath sometimes the same as what it happens to the others.
But ain't make me think all in negative and even drop my trust to myself.
One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.
The first days of my trading ended up with a lot of mistakes which made me a loser that time. But i never blame myself because trading wasn't that easy especially that i'm still a newbie. But from those mistakes i have gained, it made me challenge to trade again with more confidence and to regain my previous losses. Although i can say that i'm not that profitable in trading, but i learned how to minimize my losses and focus on maximizing profits.But ain't make me think all in negative and even drop my trust to myself.
One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.
I have a bad experience too as a trader when I was just starting. I thought its easy and though I dont have enough knowledge on what to do in actual trade, I decided to try it already but unfortunately I lose that capital, good thing its a small amount. As time goes by I learned many things but losing is inevitable no matter how good you are and I think its part of being a trader. It has a good sides and that is learning from that experience and never repeat the same mistakes the next time you trade.
TBH, it wasn't really a perfect day all the time. Maybe it is quite normal to experience bloodbath sometimes the same as what it happens to the others.
But ain't make me think all in negative and even drop my trust to myself.
One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.
The first days of my trading ended up with a lot of mistakes which made me a loser that time. But i never blame myself because trading wasn't that easy especially that i'm still a newbie. But from those mistakes i have gained, it made me challenge to trade again with more confidence and to regain my previous losses. Although i can say that i'm not that profitable in trading, but i learned how to minimize my losses and focus on maximizing profits. But ain't make me think all in negative and even drop my trust to myself.
One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.
TBH, it wasn't really a perfect day all the time. Maybe it is quite normal to experience bloodbath sometimes the same as what it happens to the others.
But ain't make me think all in negative and even drop my trust to myself.
One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.
But ain't make me think all in negative and even drop my trust to myself.
One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.
I still remember the early days and it was so hard. I still didn't had the local exchange and it got created probably 3-4 years after I started crypto so it was very difficult for me to buy bitcoin with fiat for years. I however took that as a sign to maybe not buy but use it as currency and work to earn it. After all I do not "buy fiat" , which is a thing if you are a forex trader but most of the time you do not "buy fiat" in regular life.
So, I told myself since there is no easy way, maybe I should focus on thinking like bitcoin was fiat. After however it was created, I started to trade crypto like crazy and it allowed me to make a decent amount of profit for a while, then lose a lot, then earn again basically all around a cycle. Its a fun cycle that has been going on even today, it is really exciting.
So, I told myself since there is no easy way, maybe I should focus on thinking like bitcoin was fiat. After however it was created, I started to trade crypto like crazy and it allowed me to make a decent amount of profit for a while, then lose a lot, then earn again basically all around a cycle. Its a fun cycle that has been going on even today, it is really exciting.
If only we could all trade like robots and get rid of emotions 
That's what a cryptocurrency trading bot should do for you. You input what kind of strategy and what indicator you are going to use than the bot executes it. I think it's pretty straight forward what bots could do, it's the configuration is what would differ with every bot in the cryptocurrency market. If you are interested, you could pm me. I trade price action. The only indicator i use is M.A's. The confluence for every trade vary; it is not just a specific rule the bot has to follow.
I dont think a bot can do that.
Cryptos trading is quite tasking and very volatile as far as the price movement is consign thus if not carefully practice well before going full time is very risky and can rekt an account within the shortest period of time.
I can imagine seeing double-digit market gains during my first trade last 2017. I can't forget that year and 2017 are really profitable which makes people jump into here but that was of short stay because after the Bullish season it turns into a tragic surprise of a declining market where most traders and investors are in big losses. And that is also a cause of why I stop in trading for a while. Then I realize that trading is not always in good times, there is also a time where we have to struggle losses and felt hard in making money. The 2 years in bearish season is a big struggle for very traders and that makes many had also quit and I am one of them.
When talking about the cryptocurrency trading experience, I have gone through a lot, especially I also had a bad experience
in 2018. I then bought several altcoins at the end of 2017, which was when almost all of the altcoins reached all time high prices.
And I sold it in 2018 where the price of altcoins dropped by 50%, when I was selling out of panic. It was an unforgettable trading
experience for me.
When we start trading we all have this bad experiences at first because some of us entered the world of trading without any idea, some of needs a job that's why they took this opportunity on trading here just to earn money and many of us was recruited by a friend or someone. It is normal at first when we encounter struggles at first most especially if we are a newbie without any idea on trading. As the time passes by, eventually we will all learn how to trade professionally that's why we should never quite and put more hard work on trading to gain success. in 2018. I then bought several altcoins at the end of 2017, which was when almost all of the altcoins reached all time high prices.
And I sold it in 2018 where the price of altcoins dropped by 50%, when I was selling out of panic. It was an unforgettable trading
experience for me.
When talking about the cryptocurrency trading experience, I have gone through a lot, especially I also had a bad experience
in 2018. I then bought several altcoins at the end of 2017, which was when almost all of the altcoins reached all time high prices.
And I sold it in 2018 where the price of altcoins dropped by 50%, when I was selling out of panic. It was an unforgettable trading
experience for me.
in 2018. I then bought several altcoins at the end of 2017, which was when almost all of the altcoins reached all time high prices.
And I sold it in 2018 where the price of altcoins dropped by 50%, when I was selling out of panic. It was an unforgettable trading
experience for me.
Forex trading is something I did in the past and I don't know if I'm still going back to that. After forex trading I discovered options trading platforms such as the Expert option and IqOption. I tried them out as well, but it wasn't really working the way I expected it. Honestly I am not seeing anyone is making consistent profits from forex trading nor from options trading; as far as I have seen all of them making only losses on regular basis.
As for cryptocurrency, I started as an investor and I was investing long term and it was working out for me. But, when I decided to go for day trading, it wasn't really what I was expecting. Though I have taken my time during this quarantine and lockdown to learn more about it and I believe I'm getting perfect in it.
As for cryptocurrency, I started as an investor and I was investing long term and it was working out for me. But, when I decided to go for day trading, it wasn't really what I was expecting. Though I have taken my time during this quarantine and lockdown to learn more about it and I believe I'm getting perfect in it.
I saw Forex trading through advertisements while I'm watching youtube, that's the time where I get interested on using it in trading. I seek information about it, I learned a lot, I understand how it works and that's the time I always invest all of my money in trading. As I trade, I realized that I need to find and explore other trading platforms, and Expert Option is somehow good enough. They are both a good trading platform but I still prefer to use Forex because I'm used to it for so many years. I'm confident and comfortable in that platform that's why I still use it until now and I don't see any problem with that. The result of your trading really depends on your skills and strategy and not on the platform that you are using in trading.
I thought Bitcoin trading was no different from forex and stock trading but I was wrong, I lost 70% of my assets and then decided to cut loss. 
That's what everyone from the other trading platforms thought so.
Bitcoin's very high volatility makes it more riskier than trading in forex, because you can loss everything in a few trades, as well as earn much more profit than any other trading platform. But the knowledge and expertise will be acquired for quite a long time.
I had a friend who thought the same as you and tried crypto trading. In a span of 3 months, unnoticeably he had lost a thousand dollars, then decided to quit lol.
I am from 2017 in cryptocurrencies market. This market has lots of big fluctuations where anybody can get a big loss or big profit. Traders earned money in 2017 might be in loss in 2018.
Same happend with me as well. I think in this world on daily basis lots of cryptocurrencies being created and coming in the market so it will always going to be very risky. I have not earned too much money form this crypto tradin. But with fluctuations you can also earned money from this cryptocurrencies trading.
Same as me! I joined the market since 2017 and have seen a lot of changes in this cryptocurrency market. My experience is that despite the market is growing or suffering, a trader always has a chance to earn profits. All you need to do is to equip yourself with a lot of knowledge, understand techniques, and learn analyzing skills. By having that, you'll know enough to judge any situations by yourself, reduce the risks, and increase the chance of earning profit in this market. Same happend with me as well. I think in this world on daily basis lots of cryptocurrencies being created and coming in the market so it will always going to be very risky. I have not earned too much money form this crypto tradin. But with fluctuations you can also earned money from this cryptocurrencies trading.
I am from 2017 in cryptocurrencies market. This market has lots of big fluctuations where anybody can get a big loss or big profit. Traders earned money in 2017 might be in loss in 2018.
Same happend with me as well. I think in this world on daily basis lots of cryptocurrencies being created and coming in the market so it will always going to be very risky. I have not earned too much money form this crypto tradin. But with fluctuations you can also earned money from this cryptocurrencies trading.
Same happend with me as well. I think in this world on daily basis lots of cryptocurrencies being created and coming in the market so it will always going to be very risky. I have not earned too much money form this crypto tradin. But with fluctuations you can also earned money from this cryptocurrencies trading.
I experienced something unpleasant...
I am a former broker, I decided to quit because I felt I already had enough knowledge from there, the first time I bought Bitcoin around 2017, I bought a few hundred dollars from my last salary, then traded confidently, I thought Bitcoin trading was no different from forex and stock trading but I was wrong, I lost 70% of my assets and then decided to cut loss.
The crypto market is completely different from the ones you already know because this is the only place that changes very quickly if there is new news coming out and very easy to manipulate. I am a former broker, I decided to quit because I felt I already had enough knowledge from there, the first time I bought Bitcoin around 2017, I bought a few hundred dollars from my last salary, then traded confidently, I thought Bitcoin trading was no different from forex and stock trading but I was wrong, I lost 70% of my assets and then decided to cut loss.
There is always a specific strategy in trading, and you must set a stop-loss price after buying to ensure your profit. New investors will usually skip this step, but I think if you don't do this, you will lose your money very quickly.
Got bad experience with lost almost than getting profit in trading experience, but I will try again until how to know best time to trade and get much profit, many people try how to manage risk of trading way and always get positive side from trading and become their source income in daily day. I will keep continue going on for trading and never give up until how to be success from trading and investing with bitcoin or altcoin, I hope could help the other how to manage trading risk at the future.
Jump to: