Topic: What was your experience trading cryptocurrency? - page 3. (Read 1069 times)

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.

In trading, you always have to be careful and need to add new knowledge to make the most profit in this market. You may not always be able to make a profit as the crypto market is so volatile and even a small mistake can cost you money quickly. In the past, I lost more than 80% of my assets from trading, and that was the time when I was most depressed because I didn't know what to do next. However, now things have gotten better, and I have regained the money I lost in the past.

One particular advantage that makes me fav cryptocurrency trading over forex is the fact I can result to holding my coins in scenarios when I missnterpreted the market and had wrongly placed prediction but that's not the case in forex trading although while you can exit the market when trading forex and make profit while the market is falling that can't be said about cryptocurrency trading.

Therefore both have their advantages and disadvantage. Bitcoin was also the first cryptocurrency I traded although it isn't my most traded coin. My experience so far has been positive although I have surffered some losses that were quite painful to the extent they almost discourage me from the industry entirely but thankfully I had hope them because some airdrop I participants in give me some profit to keep my spirit moving.

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.

My experienced in crypto trading was I don't know how much money does this opportunity in crypto gave me.
All was started only in the bounty campaign in which is ICO campaign, from there every time they paid me on my work
to their campaign, I learned how to trade by simply selling every time the token will be listed in the platform exchange
where up to now I remain doing trade in bitcoin or crypto as well.

Trading involves a lot of trial and error. Even if you are taught by the best trader in the world, you still need to experience it on your own, one way or the other.
A trading plan is quite important too.


Definitely, HODLING is not meant to be difficult.
Trading is difficult because you can make a fortune off it if you can master it,


No trader can escape FOMO 


Oh, man! I made some crazy money from Dent

very difficult to avoid failure in trading. if we cannot control our intellect, then the pay is purity. however, many try to trade, and after losing, they will not come back anytime soon. I have felt this, but in the end, I returned to trading after studying chart movements.

Before trading it is always necessary to have a proper strategy and a specific market analysis to know what is happening. I always learn a lot from my predecessors and have made a lot of money from their advice. For me, without the knowledge, it would be very difficult for investors to exist in this market so you should spend time before choosing to trade in this market.

Fast-paced or slow paced, all would vary on a certain trader and as said not all would really have the same capability on how they do deal up with the market.
Mistakes are inevitable thats why we should keep learning from it so that on next time we are already aware on what we should gonna do.
We might differ on some aspect but generally all of us do have the same experience in talks of hardship and challenges specially into this very volatile
world of crypto.

We do have different experiences with crypto trading, and I'm sure that most of here in this forum who is trading will agree that trading crypto isn't that bad. I think you are liquidated to fast before you can react to your trades. Always remember that crypto is a very volatile asset if you compare it to stock and forex trading.

Try finding your forte on trading, Not everyone can surf the fast-paced trading experience on crypto.

I fall sort of into the same pitch as this guy. My cryptocurrency experience hasn't always been great mainly because at time I found myself too slow to react to the market changes and if anything I tend to hesitate selling especially during times of market dumps. Though overall I must say that it still is a learning experience for me as with every trade I make the more knowledge I obtain and that will one day for sure come in handy.

I've had my days of losses and gains but its all a waiting game and if you're too slow to react you'll sure be missing out one way or another - at least this is what my top learning tip is anyway.

Before I made into the world of trading I need to take some readings and a lot of style and techniques came from the internet also with the help of our forum bitcoin talk which is more active about the different experiences of their users. Also one of the most memorable things I've got into the world of trading is the use of cryptocurrency because it is easier for me to use this kind of coins because it is easier to trade and the market is volatile.

One of the most memorable things I start into the world of trading is the first trade because I wage for over ten dollars and I won my first trade that is one of the most memorable things I've had on my life also on the upcoming next trade is good but one time because of getting greedy it cause a lot of damage I take for a buy long and wait to the market to pump again and now by that mistake it is a short the market price falls down and the liquidity gets all of my hard works for a long time. As we say if you want to deep dive into the world of trading make sure you are ready enough that your funds will be done having a wrong decision.


One of the best things also we can do while we are in trading is always updated about the market price of the coin what are the latest news and articles about this and use with the proper trading indicators those are the simple things we usually forget

When trading on the Crypto market, I often pay attention to the long or short data on the big exchange and then it will be the signal of the whales. To identify trends in the short term, we can use that data and it's quite effective. means we will look at the Long and Short ratio at Bitmex, then see which higher is the opposite of it. because most margin exchanges now rely on the ratio to kill Long or Short. My strategy can be applied in M15 or H1 candles, you can refer and try it in Demo account.

It has been an experience not imagined. Trading has not been a fair adventure. It is more difficult than hodling and no wonder majority prefer hodling. Still learning the ropes as they talk, hoping for good experience with the time coming. So much loss try to discourage but you keep trying to be better for it.

Trading for me has been a bittersweet experience lol. But I would say it’s more of a sweet experience now that I’m quite good at it and the losses I make are little. At some time I decided to give up on trading because it was starting to seem to me like it was a gambling, since I was still new and I was losing regularly with every trade I make.

It wasn’t easy and I had to keep trying and giving my best. I didn’t have much then , but I still kept trying with the little money I could afford. Kept doing it and now here I am. I like to suggest all newbie traders to try hard at the same time with least capital. Trying hard does not mean you may risk more but it means you must try more different strategies. Strategies are your actual plans and without plan we cannot be successful nowhere.

You finally found what works for you.



at least you didnt get to lose your capital.

ta didn't work?

we all have different experience in trading. i don'tthink i can ever win back the money i've lost unless the bullrun goes way high up to 1M.

i don't trade every day these days, i only look the charts and only every time the market trends are changing but stick to a daily chart.  since 2018 I started shifting to DEX to move out from the mandatory KYC of exchanges.  i still do trade but only on dex and spending only about $500 as capital.  iIts the only that might work for me until the dex mature enough.

My first ever one was a bit too overkill to begin with that I had to calm myself down into something smaller and something more stable instead. I personally studied as much as I can about TA's about the price actions, about all indicators and basically all around studied everything I can to find out what I can do and profit from, instead of that I realized I should have just used it for store of value.

After studying all that much and working so hard to become a good trader, I got into trading and I am not going to lie I profited more than I lost but most of the time it didn't meant that it worth it all, I have made so little amount of money that, one month I made 1.7 dollar profit total out of 700 dollar investment, so I realized it doesn't worth it and stopped and just invest nowadays.

Are you being serious now?

The market is either uptrending, downtrending or in consolidation.

You can trade any of these market conditions and make money. That's why we have buy and sell button. No trend is the "best" trend.

But if you're investing though, the only way to make profit is when the market is bullish. This marks the difference between trading and investing.

In bearish trend the chances are less for traders other than who involved in intra day trading, best ever time for trading is sideways not the bearish or bullish but when someone literally begins their crypto trading the bullish trend is the best way to get involved into it.