What was your experience trading cryptocurrency? - page 5.

tbterryboy

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Quote from: Bright_dhykseen on May 25, 2020, 05:30:32 PM

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it Undecided

.

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market. Cheesy

I view switching markets due to losses will not help and moreover you must understand the core concepts and strategies for all the markets are same. It means you must stick within only one trading type and you must focus on sharpening your skills and abilities which will definitely guide you toward success. Without gaining knowledge on your trading abilities, switching markets will not get you any differences but will definitely maximize your losing occurrences.

I am sticking only with crypto trading even I am not good at technical analysis nor in over all profit making things. But, I am making good profits from cryptos by holding them for years. Some people do call this as a long term trading. Yes, my holding period exceeds years as I eye big targets like doubling my capital.

crwth

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Quote from: Bright_dhykseen on May 26, 2020, 02:55:42 AM

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.

There are a lot of possible things that you could do, and unlike other trading bots, you could customize with Gunbot, and you can even turn a request feature for your trading needs. There's a feature called AutoConfig that you could do multiple things with specific indicators etc.

Scan exchanges and automate the adding of pairs
Scan exchanges and remove pairs
Change strategies with specific pairs by a filter

And many more. You could set up your different configs when the MA crosses early or something with that regard. Gunbot is not just a trading tool that you would leave alone, and it could enhance your trading experience and work side by side if that's what you want.

bitgoldpanther1978

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Quote from: Bright_dhykseen on May 25, 2020, 05:30:32 PM

Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me Grin

.

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it Undecided

.

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market. Cheesy

It was a painful experience though Grin

What was your experience ?

Trading cryptocurrency is only easy if you have a lot of idea and knowledge about it. But if you are empty about its
basic things knowledge in terms of crypto trading that would be hard for you to start with for sure. Now when it comes to Forex trading
I would rather still choose crypto trading because of its volatility.

BitcoinTurk

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Quote

What was your experience ?

I first started trading in the crypto money markets in early 2015. At that time, the market was very sluggish and inactive, and making money was not so easy. Moreover, since there were not many investors, it was very easy for large investors to control the price. At that time, I would try to make money by buying and selling without any experience or technical or basic analysis knowledge. Of course, as I earned money, I lost a lot of money, but at that time I had the opportunity to gain more experience than the money I had earned. The events that have hurt me the most since the first day but have had a good experience for me are as follows;
- Never choose a single investment tool with all your capital.
- Never make a one-time purchase with all your money.
- Create a basket absolutely.
- Making transactions with debt money.
- Take care to use stop loss.
- Make sure technical analysis.
- Research the project before investing or buying.
- Using high leverage.

Even though there are many more that have come to my mind for now, I have had a lot of experience in crypto money markets since 2015.

LbtalkL

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The majority of us suffer a loss when entering crypto trading, Because we are still a newbie in trading we don't know everything yet, until now even I have several years of experience in crypto I still consider myself a newbie. There is no wrong or right prediction in trading, I guess it is really unpredictable sometimes, Green and Red markets happen we can't avoid it, But most of the traders that have knowledge about charts, indicators and stuff minimize those risk of losing If they are lucky they can maximize the market into their favor.

Fordrefym

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I can honestly say that it was a good experience and negative.

Mahanton

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Quote from: Bright_dhykseen on May 25, 2020, 05:30:32 PM

Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me Grin

.

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it Undecided

.

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market. Cheesy

It was a painful experience though Grin

What was your experience ?

So you head forward to Forex yet you cant deal the crypto market? If I were to say that the whole concept is just really the same neither you are here on crypto world or in forex one because they do both involved buy and sell- they only differ on the volatility and regulation aspect but making money would really be hard.

Of course, none of us do start from being pro which we do start from being noobs.Thing here is that you do know on how to accept losses and learn from it and who do say that you can able to learn up everything? Life does give out learning on daily basis and so as with trading itself where you do continue to learn even you do think up to yourself that you already learned enough but that's not always the case.

Bright_dhykseen

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Quote from: maydna on May 26, 2020, 02:56:30 AM

I assume you have skills in forex trading, so I guess that you will not have a problem to learn about crypto trading because I think the lesson of crypto trading is not too complicated than the forex trading. I guess the lesson is not difficult, and if you can search for more lesson, I think you will understand how to make crypto trade, and with the practice with some money, I think you can have a chance to make a profit. Don't force yourself to trade if the market is hard to analyze because that can make you get the loss with making a wrong analysis.

I love this!
It is just as simple as that.

Just focus on what you can control!

Quote from: btc_angela on May 26, 2020, 03:21:03 AM

Quote from: ?? on ??

Yeah, I agree many traders made a lot money by end of 2017 till early Jan 2018, but I was still a newbie that time and hodl my BTC thinking it will keep going further than 19K (which is a costly mistake and should have sold them immediately). Since then, I never hodl just learning from the sidelines and observe the trading trend.

Today, I no longer hodl, just scalp when the opportunity arised. Still learning though from several telegram channels.

P/S: Are you looking for a payroll outsourcing services for your company? or are you looking for a new job in Singapore but not sure where and how you can find the best recruitment agency singapore to match your dream job? Look not further than Sgpayroll Pte Ltd

Lol i'm sure 80% of investors held onto their BTC investment as at that time.
The hype was all over the place.

Some even bought at 19k Grin

And those who have bought BTC @$19k have exited as early mid 2018 I supposed when the price really goes on a downward spiral, so they got burned. And I think your timing will be good if you are going to make a comeback. We still have a lot of legroom here, we're not yet in a bull run and chances are in the next two years the price of BTC will go up again.

You just have to be very focused, and I'm sure with your forex trading experience, you can simply transition to the crypto market fairly easy.

i am currently stepping back into cryptocurrency.
The knowledge gained from trading FOREX has really helped me a lot!

I'm just studying the crypto market for now and backtesting my strategy.

btc_angela

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Quote from: ?? on ??

Yeah, I agree many traders made a lot money by end of 2017 till early Jan 2018, but I was still a newbie that time and hodl my BTC thinking it will keep going further than 19K (which is a costly mistake and should have sold them immediately). Since then, I never hodl just learning from the sidelines and observe the trading trend.

Today, I no longer hodl, just scalp when the opportunity arised. Still learning though from several telegram channels.

P/S: Are you looking for a payroll outsourcing services for your company? or are you looking for a new job in Singapore but not sure where and how you can find the best recruitment agency singapore to match your dream job? Look not further than Sgpayroll Pte Ltd

Lol i'm sure 80% of investors held onto their BTC investment as at that time.
The hype was all over the place.

Some even bought at 19k Grin

And those who have bought BTC @$19k have exited as early mid 2018 I supposed when the price really goes on a downward spiral, so they got burned. And I think your timing will be good if you are going to make a comeback. We still have a lot of legroom here, we're not yet in a bull run and chances are in the next two years the price of BTC will go up again.

You just have to be very focused, and I'm sure with your forex trading experience, you can simply transition to the crypto market fairly easy.

maydna

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I assume you have skills in forex trading, so I guess that you will not have a problem to learn about crypto trading because I think the lesson of crypto trading is not too complicated than the forex trading. I guess the lesson is not difficult, and if you can search for more lesson, I think you will understand how to make crypto trade, and with the practice with some money, I think you can have a chance to make a profit. Don't force yourself to trade if the market is hard to analyze because that can make you get the loss with making a wrong analysis.

Bright_dhykseen

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Quote from: crwth on May 25, 2020, 09:58:21 PM

Quote from: Bright_dhykseen on May 25, 2020, 08:14:36 PM

If only we could all trade like robots and get rid of emotions Cry

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.

crwth

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https://linktr.ee/crwthopia

Quote from: Bright_dhykseen on May 25, 2020, 08:14:36 PM

If only we could all trade like robots and get rid of emotions Cry

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.

Bright_dhykseen

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Activity: 84

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Quote from: ?? on ??

Yeah, I agree many traders made a lot money by end of 2017 till early Jan 2018, but I was still a newbie that time and hodl my BTC thinking it will keep going further than 19K (which is a costly mistake and should have sold them immediately). Since then, I never hodl just learning from the sidelines and observe the trading trend.

Today, I no longer hodl, just scalp when the opportunity arised. Still learning though from several telegram channels.

P/S: Are you looking for a payroll outsourcing services for your company? or are you looking for a new job in Singapore but not sure where and how you can find the best recruitment agency singapore to match your dream job? Look not further than Sgpayroll Pte Ltd

Lol i'm sure 80% of investors held onto their BTC investment as at that time.
The hype was all over the place.

Some even bought at 19k Grin

Quote from: crwth on May 25, 2020, 08:07:27 PM

It's great that you have discovered trading as a possible instrument for making money. It's what everybody wants to learn and make profits from. It's not impossible to learn it it's just that the emotions and consistency of your trading techniques should be balanced. The risk management acts as your protection against the possible loss of the whole capital and much more. It's not an overnight thing. I think we have all been there where we experienced a painful loss.

What I think traders could do is take advantage of the 24/7 market that we have and utilize it to trade continuously like using a bot like Gunbot.

If only we could all trade like robots and get rid of emotions Cry

crwth

copper member

Activity: 2912

Merit: 1279

https://linktr.ee/crwthopia

It's great that you have discovered trading as a possible instrument for making money. It's what everybody wants to learn and make profits from. It's not impossible to learn it it's just that the emotions and consistency of your trading techniques should be balanced. The risk management acts as your protection against the possible loss of the whole capital and much more. It's not an overnight thing. I think we have all been there where we experienced a painful loss.

What I think traders could do is take advantage of the 24/7 market that we have and utilize it to trade continuously like using a bot like Gunbot.

Bright_dhykseen

member

Activity: 84

Merit: 14

Quote from: maxreish on May 25, 2020, 07:01:20 PM

I started trading bitcoin way back 2018 and ethereum at the same time on that year. Just like what beginners felt, everytime price drops I panicked. Which is kinda stressful because of that regrets I felt when I didn't sell those of my coins before the dump.

There are times that I sold my btc at lost because I m thinking it will go down and down. And experienced to be left hanged.But things change now and I learned so much in trading. Controlled emotions, chilling, determination and goal are one of the realizations and learnings I finally did.

I know that feeling
We all thought "When Lambo?" Grin

One needs to master the art of Technical Analysis before hopping into trading at all.
Also, Trading psychology is also one big aspect to take into consideration.

I'm happy you finally learnt!

Quote from: sandra_x on May 25, 2020, 07:12:50 PM

It use to be an easy way to make money day trading in the last major bull run, I made alot with little knowledge because everything had an upward trend. now you have to be really good at it to scalp some profits, even at that, the best TAs can cause you losses.

If only i knew BTC would have gotten as high as 19k, would have kept on placing buy orders till margin call! Cry

A lot of traders made a whole lot of money back in 2017/2018

sandra_x

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It use to be an easy way to make money day trading in the last major bull run, I made alot with little knowledge because everything had an upward trend. now you have to be really good at it to scalp some profits, even at that, the best TAs can cause you losses.

Bright_dhykseen

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Quote from: rathaha10 on May 25, 2020, 06:01:32 PM

Like like nearly everyone in this space, I've got my portfolio burnt several time in the course of both investing and trading and aside that, the few tokens i earned from bounty hunting turned to shit due to the orientation of hodling i had while starting trading back then. It wasn't really a good experience to be honest

I remembered my view on HODLING back then was to hodl to the moon.
I was looking for the next bitcoin Grin

The huge losses from crypto hodling was what took me into trading. I really needed to know what and why price moved the way it did.
I was Hodling based on hope! Sad

Quote from: Stedsm on May 25, 2020, 06:21:16 PM

Trading a leveraged BTC is what I'm still learning about, because it can drive you holy nuts and even crack them a lot earlier when you see your entire capital reaching to 0 just because either you used cross leverage or just leveraged your entire capital into isolation but the leverage set by you is above 50x. It looks too good to be true when we just see our potential profits while setting our profit limit but it just eats our entire principal amount itself if the trade immediately goes into the wrong direction. I've learnt that patience is the key, as well as it's true that better late than never. So, it's better to earn small chunks of BTC rather than going for a straight bigshot move and lose everything.

The BTC market is very volatile. One needs to thread carefully.
I once traded BTC using a brokage platform and the spread there was so crazy, it was so hard even getting little profit. Huh

What platform were you trading on? Bitmex?

GreatArkansas

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Quote from: Bright_dhykseen on May 25, 2020, 07:01:31 PM

Quote from: GreatArkansas on May 25, 2020, 05:46:02 PM

I remember when I started to trade cryprotocurrency which most of the wrong doing or bad practice in trading was I done, result was getting rekt.
But those bad practice makes me become better trade, I continue to learn after those experience and become better trade compare to before.

Trading mistakes are exactly what yields growth int trading. Is there even a way you wouldnt get to lose in trading?
Losses in trading can be compared to the cost of running a business.
more knowledge comes alongside experience.

Agree! For sure those successful traders now are also experience such a huge loss for sure but they still remain and continue to learn. They also lost a more than our losses.
For me, trading is how you will gonna remain or how long you will be trading, you can't become a millionaire in just one night or a week.

Bright_dhykseen

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Quote from: GreatArkansas on May 25, 2020, 05:46:02 PM

I remember when I started to trade cryprotocurrency which most of the wrong doing or bad practice in trading was I done, result was getting rekt.
But those bad practice makes me become better trade, I continue to learn after those experience and become better trade compare to before.

Trading mistakes are exactly what yields growth int trading. Is there even a way you wouldnt get to lose in trading?
Losses in trading can be compared to the cost of running a business.
more knowledge comes alongside experience.

maxreish

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Activity: 1330

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I started trading bitcoin way back 2018 and ethereum at the same time on that year. Just like what beginners felt, everytime price drops I panicked. Which is kinda stressful because of that regrets I felt when I didn't sell those of my coins before the dump.

There are times that I sold my btc at lost because I m thinking it will go down and down. And experienced to be left hanged.But things change now and I learned so much in trading. Controlled emotions, chilling, determination and goal are one of the realizations and learnings I finally did.

Topic: What was your experience trading cryptocurrency? - page 5. (Read 1055 times)