Bitcoin Forum

So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins.  I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.



Some of these coins a while back people said that are great.  These are the prices when i put i on blockfolio before when i recorded and price now


sia coin  0.08 0.01
substratum  3.06  0.32
spectracoin  4.56  0.24
oyster pearl  0.93  0.25
electroneum  0.10 0.01



So with these coins people spoke about... they have fallen over 80%.  Spectracoin when i put it on blockfolio at 4.56 when people spoke great about it and prices kept going higher, its now 0.24.  The same can be said of substratum.  Also people talked a lot about electroneum.  It was 10 cents and i thought about buying because of all the things people spoke about it.  Now its about 1 cent.  So basically anyone that bought it at 10 cents has lost 90% of its value.  Thus if you put $1000 in it, you lost $900.  If you put $10000 in it, you lost $9000.


So with the market like this the last few months, how are people even making any money?  So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right?  Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.


Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right?  I mean that would be an 80% loss minimum.   Or 90 or 95%.  I also read thread where ppl said oyster pearl is a scam?  I mean does anyone here think these altcoins can drop another 80%?  That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents.  And electroneum go from 10 cent to 1 cent to 0.001.



So my question to the traders out there, in the last few months, what percentage of traders are even making any money from this?  Unless you are buying at the dips and selling at the highs and always get it right, then doesn't it seem at least 90% of traders are losing money the last few months?  Example you could but btc or altcoin at a price.  Wait for it to go up 10 percent and sell it.  Thus you lock in profit.  You wait for dip, it dips and now you buy.  Now you wait and price go back up 5 percent and you sell and profit.  Dip happens again and you buy again.  The issue now is everything keeps dropping and doesn't go back up.  Now you don't have any loss unless you sell, but look at the altcoins like spectracoin, electroneum etc.  They are down 90 percent.  How do traders even make any money when the market is like this.  Sure there are certain coins that are up in profit but these are very few since if btc goes up, everything goes up.  But btc has been dropping so everything drops.  But with these altcoins, they are falling like 90%. 


How do traders even make money like this?  Example you might say look at the coins i listed above.  Well buy it now since they are so low.  But what if electroneum drops to 0.001 from 0.01.  That would be another 90% loss.  The same can be said of spectracoin etc.  I mean it could go down to 2 cents.  That mean it was 4.56 all the way to 0.24 then to 0.02.  Does that mean you just have to invest in new coins that you think would pump and dump?  Of course you have to buy and sell at right time which is basically a guess.

When I see those prices, especially Substratum and Sia, it just makes me want to buy more. Yes, they were inflated prices back at the beginning of the year (along with the rest of the market), but they are solid projects and should bounce back quickly once the overall market starts to recover. And to the question of making money when the markets are like this, I know plenty of people who make a ton of money taking advantage of the increased volatility. Not for the faint of heart, but if you keep your head screwed on and your emotions in check, there's opportunities galore.

Non institutional traders are usually unprofitable and even more most of them are bankrupt but newbies replace them constantly.
There are much more successful people among investors because they do not trade every day and they do not use margin trading. The crucial secret of investors is less orders I mean that investors waits nice price then buy an asset and hold. 

I've read 95% traders lose money on crypto market because lack of experience and lack of knowledge and no emotions control

It is not possible to determine the percentage of people that lose money or gain money through cryptocurrency investment and trading. no one is going to tell you.

To those that say yes there are ppl making money when the market is like this.  How are they making money?  You mean buy spectracoin at this price and then sell once it hit a set amount?  What if it never goes back to those prices?  Like those that guy it at the 4.50 mark and 3.25 mark etc and as of now, they are down 90 percent.

Looking at overall price trends from multiple timeframes helps.  Also looking at fiat vs sat value.  There is a 90/90/90 rule for trading as well.  ()% of traders lose 90% of funds in the first 90 days.  Cost of education for a lot of it

It depends upon their own decision, the losses or maybe gaining cannot be measure In percentage because it  has a different reason. Same with our life we have a different disicion to some different situation that may come on our way so then I believe that we cannot tell the exact gain or losses.

you are making the two huge mistakes which are practically the biggest mistakes anyone can make.
first is listening to random idiots on the internet who are advertising the shitcoins they have been bag holding and want to get rid of.
and second is calling the bags you are bag holding as a "portfolio". this pretty word that they introduced to altcoin bag holders last year is used to mask the fact that they are making a big mistake by holding a lot of shitcoins and lose money in the process. altcoins are not meant to be held more than the duration of their pumps which can be from a couple of hours to a couple of days tops.

For the percentage people who made a decent profit, it could be 60% or up and only 5% made a millions of profit. For the percentage of losers, it could be 99% because everybody loses but not everybody wins.

for either make/lose money in trading, someone can lose all the money either can also gain several times form the money invested. The multiplication is more for make money which is possible to receive more than double.

One broker said that I will not advertise it. But he said that 90% of traders lose money :)

what percentage of traders are up this year?  Are there even 10 percent of traders that are in profit this year due to everything falling down?

I too imagine most traders and investors lose money over time, though it's nearly impossible to come up with an exact percentage figure as to how many people lose money in trading with so many people in this world trading cryptocurrency every day and so many exchanges out there. This shouldn't be a massive concern if you're starting to trade, though. It's extremely likely you're going to lose money in your first days of trading due to a basic lack of experience that you can remedy by simply trading more often, but with dedication and practice you'll get better at trading over time like any other activity in life. Persistence is key if you're trying to learn something new.

A look at your topic answers this question. The first set of people are traders, they're the only ones who can successfully make money in this bears season. Buying at certain prices and hoping it gets higher is speculation and you'll easily get fried in times like this

It all depends on your strategy and the goal you've set with having those coins in your portfolio, add the duration of hodling them. If your investment is short or mostly speculative, you should not hodl that alt more than the period of the pump, there's every possibility of losing money. If your investment is long term, price drops wont really bother you as they're temporarily and you're looking at the long term

According to the statistic, in the zero-sum markets, no more than 1–2 percent of players get a profit from it.
If someone want always be among that 1-2%, he should be very smart, lucky, quickly adaptable, and has some sixth Sense.
Not an easy task, you know..

The lack of experience and their emotions were not the main reasons for the loss. No one could do anything when the cryptocurrencies you invested in were falling. Most of the traders lost.

I'll choose electroneum from your list
Since from the start people have doubts about that electroneum project is scamm
But as of now still keeping good brigter future in the market

Trade and investment in crypto-conversions can be compared to playing American Roulette in a casino, where the rules of the game change very often. I think most novice traders lose money.

Probably the 80-20 rule is working in this market as well. Meaning 80 percent of the traders are getting 20 percent of the market gains whereas 20 percent of the traders are getting 80 percent of the gains. You can't have a market where everyone is winning but in a bull market everyone can make money whereas in a bear market everyone can lose money.

The difference is in a bull market buyers/sellers could be divided into "losers who only made 5% and winners who made 50%" so everyone is making money but some traders are making more money.

During a bear market it is more like "losers who lose %50 whereas winners lose only %5", so everyone is losing but some lose less. Hence, you can't actually calculate who wins how much and how many people are making money because in reality sometimes nobody wins.

Interesting thoughts, I mean about 80/20 rule.
I even didn't try apply this to trading. I should to calculate.
Oh, also let's do SWOT analysis :)))

you lost money because you didn't make a trading decision on your own. instead you listened to others and bought shitcoins that they were telling you to buy. so to answer your question, most probably all of those people who told you to buy those shitcoins have made a profit because those people dumped on you after you bought and you continued to bag hold useless coins that were getting dumped. that is why they suggested them in first place, because THEY wanted to sell those coins so they fooled others into buying it from them.