Bitcoin Forum

Are you frustrated when you experience defeat in trading? yes I experienced this ... I have lost $ 1000 dollars in the past 2 hours ... I did not switch with another coin and I just focused on the initial coin. but in fact I was still losing, in my opinion trading was not much different from gambling.

Sorry for your loss, You shouldn't have put that much at stake when you don't know much about trading. Trading and gambling are different things but both have their own specific risks attached.

Really? How did you lose in a trade that can be avoided. It's just a matter of how you deal with the market and do the basic in trading. Buy low and sell high, in that way you cannot lose that much. I disagree with your thoughts that trading is no different from gambling since trading does not depend on luck but on skill and understanding on the market trends.

The loss is mainly due to your skills, you should focus on your own skills and understandings that need to be enhanced.  Need to know how to identify markets, how to manage assets to avoid unnecessary losses.  Currently the market has become smarter so focus on safe assets in the Top 10 or simply focus on Bitcoin.

It doesn't mean we're sorry for his lost, instead try to congratulate for that experience because certainly it could make him more skillful with trading in the future. Despite of becoming poor, don't blame trading that put you on that situation. The decision making is mainly the root cause, so get up and move! correct those factors made you fail with trading.

on which coins that you traded with? and what is the factor for the coins you bought?

Losing all balance must be a pain for the experienced trader but it will be an experience for the new traders. Gambling is based on luck and your decisions have no effect over the outcome of any game. In trading, the luck is eliminated and only your experience matters on charts. If you have a deep understanding of the chart trading techniques then risking all balance can be somehow understandable. Otherwise treating the trading as gambling will not undervalue the mistakes made on the trading session and it will prepare you with valuable trading lessons.

It's not much different because you are betting on the price of the coin. If you have no clue about what are you doing there and you should not do that dude. remember trading is not for an amateur and it looks like you are a new user in the cryptocurrency.

With my losses, I'm frustrated too because it lost me money but that doesn't mean that I should feel that forever. I've learned a lot from those experiences and losses that made me better today in trading.

Sorry with that loss, it's an expensive one but how did it happened? you are trading and probably you aren't monitoring on how's your trade was doing. Next time, when you are not confident don't risk your money and don't trade because you have an option to hold.

There are two types of traders. being poor and being rich. Which one do you prefer will depend on how you manage and have the strategy and ability for trading. A good trader will never stop to learn and make an effort to be smarter, diligent, careful, and also smarter in deciding which coin to buy, what time to buy and sell. And so sorry to hear that you are being poor being trader. Probably you need to have more experiences, more lessons, and also more research to do.

It means your trading strategy still not good. If you only speculate in trading and not use your analyze, it will have no different with gambling. But it is totally wrong things. Trading if we really can analyze or maybe pick right options, we can make profit, or at least minimize our loss.

how can you lose $ 1k in 2 hours? You have to buy when prices go down to avoid losses, it looks like you have to increase your trading knowledge  ::)

Having a disadvantage I think it is natural and this is a risk. And you should know that trading using a fairly good strategy and your speed in selling coins and buying coins. Maybe you think too small that equate trade with gambling. Surely we need to learn a lot and keep paying attention to the movement of coins. To know the right time to sell coins and buy coins.

don't blame trading friends, trading is never guilty,
You might lose because you don't have trading management, or maybe you don't understand how to read the chart, because trading without knowledge like you would burn your money,

Trading isn't really any different than gambling. But that doesn't just apply to crypto, also applies to stocks as well. Just with stocks it tends to be less volatile.

Always remember though it's not an actual loss until you sell. What is a 1K loss today can turn into profit tomorrow, simply by doing nothing but waiting... never know.

Losing in the trade is normal, you should before trading you do an analysis of the coin / token and maybe look for news about the coin / token.
I don't agree if you say trading isn't much different from gambling

I don't think so, market is a ball of money, money just flows from yours to other's poket. If you lose, must be someone else win,
That's how most of trading markets work. My friend with 10 years experience, still living and doing trades as fulltime job.

I totally agree with you that trading is not any different from gambling. Both are events whose outcomes are not predictable. Even the best of experts cannot tell with precision which coin or token will do well and which will not so traders are left to only speculate

When some one losing in trading than other one is making profit, thats may be you called trading not much different from gambling. Gambling is a speculation and when you trading like that than its not different, but trading have a lot factor like FUD, FOMO, good news, bad news, chart anlysis and others..

You may play it safe. Traders suffer a big loss due to their ignorance about trading skills. Greedy is one of the factors that would lead you to a loss. So it is better off to learn crypto trading before going for it.

. Its your fault because you've trade in a wrong coin and you didn't even make a new strategy just to protect your capital.  There's a lot of ways and you stay even your coin while it gradually decreasing? In the first place you're doing mistakes mate because in fact switching to another coin is a good idea. Maybe you're a lazy trader. Lol

that's big capital! Next time be careful before trading. , make sure that you really have skills in this field, not just speculating like gambling. if you don't have skills in this field you will lose quickly

If you trade like gambling then you must loss of your funds. In gambling also people making huge profit buy you loss that means you don't know even gambling nor the basic of trading. So, at first learn the trading strategy from different sources like the internet, YouTube tutorials and the most prominent is the academic learning.

Lost $1000 in two hour i think that's was very bad statistics during trading but your fault is why not switch to other coins when you feel your initial coin won't give you profit anymore and as far i know in crypto stick to one coin only is not good however make this as your valuable experience that in the future this mistakes should not be repeated again

trade is not the same as gambling. why, because I think our trade can monitor the development of the goods we trade while in the world of gambling we only rely on one thing, that is luck in ourselves. trade must be clever in terms of taking opportunities in each market segment.

Trading is different from gambling, your trade must have expertise in seeing price charts or coins that you trade. If you choose a coin or don't have the expertise to see a coin price chart, you will lose money quickly. I think gambling includes Luck, you don't need to have expertise in this field because you can easily speculate to determine your decision when playing gambling.

Out mate needs legitimate trading education before managing trades essentially. His lost was a direct result of having deficient information towards exchanging. With the goal for him to practice himself before risking on huge amount, beginning with little amout of btc is the best alternatives to do. Given that situation, he won't become poor or loser if he's not aggressive on particular decision.

Trading is easy so you can make profits but its unpredictable so you might lose more as well so total profits will be based on how you manage your funds.If you want to quit after a loss then its just a loss only for you.

bad experience, why did it happen to you? with coins do you trade? Balance and make a good plan before making a decision to trade because trading is very risky if you don't have knowledge about trading, of course your money will disappear in an instant. make this an important lesson in your life and remember before you take part in the trade to make sure that the coins you trade have high trading volumes and also in large markets

why will you ask if why it happen to him ? all of us did experience a bad experience  . not all time you can trade perfectly because not all times that market is in good condition   .

trading volume does not depend on the trader but it depends on what exchange he is using . binance is known to have a high trading volum and other dex exchange have a small trading volume  .

if trading makes us poor there is no reason to pursue it  . find other non risky way to earn money to live with  .

We all know that trading cryptocurrencies are the most risky and the fastest way to lose your fund or investment so it will you really poor if you're not prepared. Joining this of kind of trading is no joke so you need proper preparation like educating yourself first on how to trade rather than getting yourself into the tradingchart without knowing how to use it. Trading itself will not make you poor but its your ability to make a successful trade.

You need patience in trading and you need to analyze the price of your coin. If you put your money into a coin being pumped, the risk is bigger than trading with a stable coin as it can be dumped very fast.
You will need patience to recover your loss.

Not everyone is suitable for trading in the cryptocurrency market. Trading requires patience and discipline in the planned strategy. If we don't have trading skills, I think it's better to invest for the long term, and this in my opinion is more relaxed and profitable

If you stay on that coin and didn’t sell anything then its not trading, but if you do focus on one coin for the past 2hrs and yet losing money then you must stop doing that. Day trade is risky and yes investing is also a form of gambling but on a different perspective. Trading is only applicable to those who have enough knowledge, don’t try it if you don’t have it.

Gambling does not have any rule, it is based on probability only but trading has some rules which need to be followed. $1000 is a big amount to lose in 2hrs, I have experienced such defeat many times ( not of $1000 but $500, $300 but multiple times), the only reason I found was over-margin trading.
I was taking trades much much bigger than of my actual margin and a little downside was eating my account. One need to calculate the risk he can take in a single trade which must not be higher than 5% of the total amount. If trading is done with proper plan and rules chances of success become high, if trading is done w/o any rule and money management then its same as gambling.

choice the best coin for trading then it will be profitable.

I do not know any beginner who would not lose money in trading. Even relatively experienced traders lose money from time to time. No one is immune from this.

not only you even i lost but i didnt lose much i knew that i should not put more money when learning , when we lose obviously there will be negative things in our head as you told as trading is gambling yes it is and many make money in this too learn how to make money

Education part will solve the problems caused by emotional and reckless trading. Winning huge amounts can be a source of motivation but it doesn't fully explain the main idea behind emotional trading. Getting the proper education will help @OP to manage the trading risks and control the bankroll ion the gambling too. Being aggressive is another shape of the emotional reaction in trading and it does not only happen to the gamblers, traders.

Been a professional or expert would not shade you from losing and you just need to understand that every traders do lose money and what actually differentiate professionals from the amateurs traders is how careful and patience when they are in the face of strong directions against their order and how they used it to their advantage is what put them in position to make profits.

crypto trading is not easy for us to be able to make profits quickly, you can be poor for example you are careless in trading crypto, you need experience and strategies in trading crypto, so suppose you trade crypto as gambling, you are wrong, because you will not lose the estimated number of coins that you bought at that time, and even if you won't sell it when the price drops, you won't suffer a loss.

My friend, losses can be avoided if you directly converted it to stablecoin like USDT, but sorry that you loss that such a big amount, its just that we need to understand that trading takes a lot of strategies in order to work for it, study hard and understand all those technicalities overtime. Maybe for now, just try to trade which are low in circulation of coins, compared to billions of supply, the lower the supply the better the chances of immediate price movements.

Did you completely read the statement?

Don't conclude too fast by seeing the first few words on a sentence.

It looks like that he was buying coin and then he was getting dumped by the whale to the bottom. he was loosing 1k in 2 hours that mean he was buying at the high level or he was loosing caused by the whales were shorting the market.

Honestly, to lose is what everyone doesn't like. It is like a nightmare that happens every single minute particularly if you are dealing here in crypto most of the time. Sorry, mate for your lose. I wish your success bounce back. Take some time to reflect and learn from your past experienced. Best wishes ahead.

From what you have posted it looks obvious that you were doing margin trading which is never recommended for newbie or small scale traders, you should know that it is high risk trading and yes it is similar to gambling especially if you are doing it for getting rich quickly and you do not know what you are doing.

Don't get discouraged, we all have had one bitter experience or the other trading in this market, it can be disheartening at times but persistence and continuous learning will help you improve, besides you should not go greedy, losing that much in such a short time shows it, avoid pump and dumps

This is why USDT is your friend, when Ethereum was trading at $309, I was very busy and had to pause my trading so I can handle something offline, forgot to convert to a stablecoin before logging out of my Binance account when I checked later, I saw ETH las dipped a lot in my absence, I lost a lot that day.

Trading has nothing to do with gambling. If you can not control your emotions, then you should refrain from trading (at least until you rethink your approach to this occupation).

If you decided that trading made you poor, you have just started your way into the crypto world. Here, everybody loses sometimes, and professionals do not pay attention to these losses. They simply start looking for new ways to get their money back and even earn more. Be sure - you will get your returns. Simply do not give up with cryptocurrencies.

Take a break and think over the mistakes you have made.

For everything in our world, you have to pay. Here, probably, there are no such people who would not lose money on the trade. From a lack of knowledge or experience, almost everyone has gone through this. But this experience and knowledge, for which you have to pay. I also lost, but now I take it philosophically. I believe that these losses are a payment for the knowledge and experience that I received.

You lost 1000$ because you did panic selling. If your portfolio goes down, its just an opportunity to buy more to level up ur loses. It is not the time to sell. In crypto, we all cannot win, some win while others lose

Trading requires skills, and this high volatile skills you have to be prepared. Every successful traders, been there and done that but you have to be quickly realized your mistakes. Don't quit and share your successful trade again in this forum.

Which coin you are talking into? Trading would really be like gambling if you dont know on what you are doing specially for those people who do just simply jump

because they believe that they can make money just like what other have done.It isnt really that simple in reality.Buying and Selling sounds simple but when you are already on the
field you would really come to a point on asking yourself on what the hell are you doing.  ;D

Dont risk the amount that you cant afford to lose,just practice on small amounts until you do able to make your profitable trade system.
Mistakes are inevitable and you should learn from it rather than escaping from fear.

In your opinion trading was not much different from gambling ?? Funny bro, because you loss then you say trading like gambling. Trading and gambling is diffrent.

Gambling You bet something to win, but if lose will get nothing
Trading, its about profits or not, and you can control your profits depend on when sell it.

I see so many cases and the answers trader not get profits because not patient

Trading can be devastating sometimes. I remember I lost about $200 in less than a week. But I will hold the coin till the price comes up before I sell. I will not run at a loss. Making profit in a long run is better than making loss within a short time.

Trading is not an easy thing to do, because when we take a step or a decision, what we get is a loss. At least from the losses you get, you get experience and learning about it, what you think is inappropriate and makes you suffer losses. Observe the movement of the chart and always be ready to take the next step if what happens is not what you expect.

really sorry about your loss. but It could be avoided if you were well known about the coins you dealing with. Actually, if you have a better understanding of those tokens you have enough time to make choice. because of cryptocurrencies price do not change fast as in forex assets. 1st thing is the skills. it doesn't matter what kind of trading type you use, you need to gain enough skills 1st.

Sorry about the funds lost via trading. I think you need to take more time to understand Technical Analysis very well before you delve into trading.  Also, are you referring to margin trading? Or normal trading?.  The risk involved in margin trading is bigger comparatively. Also, you mentioned that trading is similar to gambling, this happens when you just jump into a coin especially when price is going up, then get cut up at dip. Never buy the greens,  my own opinion.

Been there done that! But not that much, I did this when I immediately jumped into FET - 1st day of trading in binance. It skyrocketed then jumped in and I am too greedy waiting for it to be like BTT, I guess most of you know what happened on BTT on its 1st weeks of trading wherein it boomed and soared high maybe because it was the first IEO in binance. But with this kind of experience I am now confident on how to handle trading whether for short or long term.

What kind of background do you have in trading? Have you learned any TA skills or do you have fundamental reasons for buying / selling? But to answer your question, of course i feel bad after i am heavily on loss. But at the same time i kinda enjoy that on some masochistic level.

Trading is not gambling and you should not treat it as such
To trade; you need to dyor and develop a pattern or principle to follow

It’s not about buying single coin or multiple coins; it’s about buying valuables and selling at profits or stop losses

Increase your research and learn even further more before venturing into trading

I don't understand, what coin do you mean? why only two hours can they experience a dump? does the team sell all coins? please provide the coin information that you trade so that we all know the name of the project and can assess the potential of the project

Gambling is guessing an uncertain number, while trading is a fixed number but up and down. Up and down prices depend on demand. Up and down prices depend on demand. If the purchase request is more, then the price will rise, if the demand for buying is less, then the price will go down. This is the principle of trade. If you learn about the trade economy.

What amount did you lose on trading that makes you poor? In which coin? What kind of strategy?
Are you sure that you have decided the right ways of trading? The best strategy? Well, trading only will result in two things, profits of being rich, and loss for being poor. And to pick one of them will depend on your coins, stratgey, and way of trading.

That's because you don't know anything about trading and it for sure it won't give the best result rather than to lose all of our funds.
This is what it actually plays, it is very important to know what we are doing and stepping into trading life is a big challenge for us especially when we are new into this field. It needs more time to make everything right and to have a better strategy to be used.

Good evening everyone. And do you guys considering any other options, besides trading? For example, holding or mining

This is indeed a good question, but you know, much depends on the token and, if we are talking about mining, on solution

Yeah. + electricity and other costs, if we are talking about mining. And do you mine on your own?

Yes, I do. And this is why I am saying that the right choice of proper equipment matters a lot

I see. And can you recommend anything? Because to tell the truth, I am new to the industry and would probably search up what you recommend

I bought from Globemining com. And they have a wide range of devices, so I recommend you to acquaint with what they are offering

Any particular devices to have a look at? Probably the ones you have used?

I recommend you to have a look at Antiminer S17 and T17, from my point of view, the most interesting models, but also explore other

Ok, will do, thanks a lot for sharing. And will get back with more questions in case I have any, probably in PM in here..

You are welcome and sure, feel free to get back with more questions, if you have any

Oh sad to heard about your loss, but don't compare trading into a gambling both are have benefits, trading is a serious job to earn profits, gambling don't treatbit as source of earnings treat it for fun to avoid huge loses.
Both are risky crypto trading and gambling if you don't know how to handle it properly to avoid loses in trading get skills and knowledge to avoid loses and loses is part of the trading job before they can earn prpfits.

Trading is like gambling you need tobe aware to the altcoin you pick to trade always set a stop lose this is important to not losing more money, dont fomo on the alcoin always use indicator and check the bitcoin chart before trading on altcoin because most of the time altcoin rely on Bitcoin price action.

Sorry about that but trading requires high level of expertise, you don't wake up one day and jump into trading, you learn and you grow with it. Also, in trading it's better to remove greed as it is one of the things that gets traders trapped.

Trading isn't like gambling, while you rely on 99% luck on gambling, in other hands, you are relying with your skill 50% on trading (50% ofcourse luck too). For atm, altcoin only got affected based on usd with bitcoin

Was trading fun? If it was, you're not poor in heart atleast.

In truth, it is not very easy to make money on a trade without incurring losses, there can always come a moment when you have to incur a loss, but the most important thing is that you do not get discouraged and continue to work on yourself improving your skills and knowledge.

you should know how to trade correctly, learn before earn, because trading is not gambling
trading is a complicated way to make money my friend, we should analysis the market in all sides,
you must know how to read the chart with technical analysis, then combining with the fundamental my friend
so, you will know when you must buy and when you must sell it  ;)

I will only advise you that in trading there are advantages and disadvantages, so you have to know this basic knowledge, I myself have experienced losses due to Bitcoin trading, but I learned a lot from my failures and started to get back up.

When you lose your money its normal to feel frustrated.

Trading is risky especially if you invest in coins that is not well-established.

That's why you have to be prepared for the worse outcome because we cant say if we are going to earn or not.

I think all trader have an experience with losing, but some times they have fast recover or not losing so much, cut lose and buy again in the dip can bring back your investment but with patient, many trader have good knowledge but patient is virtue

There are a couple of very important things to remember.
First, you don't actually lose money unless you cash out or trade at a lower price.
So if you are just keeping the coin, and the price goes up and down, you aren't actually gaining or losing.

If you traded for a loss, was there a specific reason?
Were you just impatient?
Did you choose a coin that didn't perform as well as you hoped.
Experience is the best teacher.
Combine that with research on effective trading strategies and you will only get better and better with time.

I lost 20k USD, and the reason is I didnt hodl a good coin and bought some shitcoins, like OCX exchange coin, and some good ones which were tanking in 2018, eg, btm, soc, cvc. Hope it is still a good time, and maybe as Libra is a double edge sword it will bring more people to cryptocurrency and invest?

The projects I invest now:

BitTorrent
Stellar
Ebakus
RavenCoin
Mithril
DGB

I hope these can recove my loss in years. It is like gambling, but most important is still do your own research and invest the good projects.

That is huge to have lost in this situation of the market as every trade should have stop lost to prevent the rate in which one loss everyday, and also good for who dont know TA and where the coin might be heading for .

The unique of the trade is to gain but if other way round no one will say a good thing about trading but it really need a patient to scale thorough.

Peoples lose money not only in trading, there is was hacking, scam ico's investing...

Why do you think so? You should know that trading has a big risk, you can get big profits in an instant, but you can also lose big in an instant. Before trading, you must be prepared for the risks that exist so that you will not regret the decisions you make yourself.

if I am in your position maybe yes, because it is a very large amount of money, if someone experiences a loss with a very large amount of money their mind is not controlled. trade is not easy, not only speculating but we also have to be asked to monitor the price movements of coins traded. if you don't have this knowledge, are impatient, unable to control emotions, and also careless of course you will easily lose money.

That's right, it is better to only invest what someone can afford to lose, and not get involve in crypto trading or investment without basic and proper knowledge.

I have experienced it already. Getting lost in trading when I was a newbie but I only invested a small amount of my money because I know that I will get rekt as I learn trading.

If you are just learning, don't spend too much on trading but spend more time in gaining information and knowledge that can help you trade efficiently. Read some books, find a mentor/s and watch youtube videos. That can help you. If you really want to be a pro trader, spend time learning and researching.

Trading is not as easy as we think, trade requires high skills and extensive knowledge in analyzing coin prices. Even if you don't have that attitude then you go straight into the world of commerce of course you can easily spend money in a flash. my advice before you trade make sure that you have knowledge about trading.

Yes, before entering into the stock market we should prepare for everything because it cannot be same every time to make a profit. There might be pumps and dumps in the market, we should prepare for everything before entering into the market, without risk it is impossible for us to go through in trading.

I am a live example for this I have made huge losses in trading, trading always comes with the high risk if you do not have experience than it is better not to do trading.

This shows you aren't doing the right thing. It's okay to say you missed out on a trade but saying it makes you poor means you lack the right knowledge about trading. I will advice you to stop and then go for the knowledge as well as meeting a mentor who can teach you all you need to know; it might take time but it will worth it.

Not too far from my experience. $1000 dollars is really huge and frustrating. And the thing here is that, we can't really predict the market. There are so many sideways and manipulations. In different kind of tradings, i have learned that there are so many ways to lessen our deficit, always use stop loss and better to move on and start again.

Trading is a real gambling bro. IMHO the best way to derive money from cryptomarket is basically to mine BTC or ETH. This is a safe option because you earn small amounts and the income is not so volatile. Moreover it is more like a passive income so you may sit and enjoy

Yeah, that's true hwver you must combine mining and trading anyway to know what currencies are better to… I am mining since 2017 and can say that without trading you can earn significantly less.

Trading is much more different than gambling if you have the right tools and if you use your stop loss very widely, of ourse it's not everyday that you wilould make profit but in some days, you will lose and in other days, you gain, it just depends on the mood of the market.

But not only on trading depends the outside cash, yes? Mining is all about equipment nowadays

Okay I have seen some people saying that trading is not for those who doesn't know anything about it… Okay that is the truth, but even with some experience and knowing how to trade, that still doesn't mean that you're not going to lose money in trading. Trading is very risky, and cryptocurrency trading seems to be more risky because you can't really predict anything.

You can read the charts as much as you want but at the end it's still going to be something else and not what you have predicted the price to be. That's why any trading platform you want to register would always tell you that there is high risk involved in it.

I think the basis of your trade is incorrect. what kind of market situation you bought is not explained. it could be when the bullish trend you buy it then the dump happens and you keep holding it and hope the price will rise. this is what is called gambling

yes, there are many crazy rigs like Z11 but I prefer mid class S17 antiminer you all must have heard of that

Of course, I have previously owned such miner, unfortunately it broke up but that's my mistake

Where did you bought it as it broke up so quickly? On ebay?

The difference between trading and gambling is that you can trading is a skill and you can train it. The more time you invest in learning about how to trade, the better you are going to be. Anyway, trading contains very high risks and you should accept the rules of the game when you start.

Yes, there was a guy selling this rig being used with a half price. And you ? You get it all form other sources?

I got my rigs from asicequipment com, as they are official registered resellers in US, not just a random guy selling used miners

Sounds thrilling really, you must have purchased a guaranteed miner?

Sure, that's why I prefer new equipment.

I think if you can get the point of trading, you can prevent from getting lost so you could only get profit. Maybe you don't get the right time to buy and sell the coin so you cannot get the profit. But if you still try to get the low price and sell at a high price, I am sure you can make a profit. Maybe the profit is not bigger but trust me, if you can do that over and over, your profit will bigger too. You don't have to be sad if you cannot make more profit because your time will come to make those profit.

Why quote my message? You do not engage in a dialogue(to debate) do not give an answer(because there was no question) but simply repeat my opinion in other words.

In the trading market you are exposed to loss and profit, You will become poor if you are trading randomly. To avoid loss, you must choose a suitable currency, monitor it carefully and identify the time of purchase and sale, You should also be interested in technical analysis so you will become rich.

If you refers to trading as a game of chance, then it becomes one. Any person who starts trading should first of all get the knowledge necessary for trading, which needs to be consolidated in practice (trading with small amounts), and this in turn will provide the necessary skills for the job. Being a trader is a constant, daily training. And if you are not ready for this, if you think that trading is just a game in which you are lucky or not, then you put yourself in a losing position in advance.

i feel your sadness too  :'(, indeed trading looks like gambling but i think it's quite different.
it's only natural that you say something like that because you just lost your money quickly in just a matter of hours.

i also felt that, but i continued to study and continued to look for other opportunities to return my money.
indeed my money has not fully returned, but i also work as a hunter bounty, so i feel my money has returned even increased.

Trade is a race estuary 24 hours. You should always be in good shape. Have a lot of information. It is literate to analyze the market and follow the trends. And while not all transactions are profitable. You've seen a lot of movies about volistr. One unsuccessful deal will ruin you. By this I do not trade. The only trades that I carry out are tokens from hunting. Or I multiply them or just sell them. For this, I have a strategy. And then I incur losses. What to say about trading every day.

If you are just want to try day trading for the first time, then you need to use a liitle amount of funds to test it because if you fail with that little money then it's really a lost rather it's a lifetime experience.

Unlike using a huge amount of money just for a test to try your luck on trading that's an insane idea.

Yap, that's true. it's highly speculated and you can't just put your money on them and hope you doubled your bucks. I'll not recommend trading for people whos still don't know about the basic and how you can survive. better to avoid it if you don't have the basic trading skills

Holding is better for inexperience crypto enthusiasts. Trading is bad choice if you don't have enough experience and past losses in crypto. Crypto newbies should spend around 3-4 years in this market, to have enough experience that will help them trading profitably.

maybe you should learn more about trading so that you can benefit in trading ... because in terms of trading, there are times when you have to sell old coins in a loss to buy another coin that has the potential to rise ... so that we can take the profits back ... then don't hold a coin that is drastically Dump because it can make you poor ... but look for opportunities from other better altcoins ...

Trade is often disappointing and many lose their money, I also lost a lot. But I saw the opportunity to earn in the trade of little-known coins with low trading volumes. Often I see good prices on decentralized exchanges and on the difference in prices you can earn a few tens of percent for a few days, but this is if you manage to buy cheap coins, which you then sell more expensive. Sometimes I see a difference in the price for a sale and buy order of about 70%, and if you manage to buy low and sell high, you can get 65%-70% in one operation, but this operation can take a week or longer. There are other options, but you need to remember that all these methods are associated with risks, so if there are no skills, then it is better to just invest and not risk.

Everything in cryptoworld is a risk its either you win or lose (learn) $1000 is a huge money if i were you trade what you can afford to lose, better to playsafe invest your money in bitcoin and before millionaire in 1/2 years. Thank me later.

So don't trade! Choose another way like invest on IEO. It's really popular and you only need some luck to win the lottery!
If trade only give you loss then stop it, don't be greedy if you can't trade. Don't push yourself.

If trading is making you poor, then you are doing something wrong and should stop immediately. First of all, is the first time you are trading to make profit? If it is, then why did you start with huge capital? Try trading with small amount and see how you do. Try to find out your mistakes and fix it. Keep trying with small amount until you have experienced the market and understand how it works. Then go big with all the knowledge you have gained.

Even though not everyone can trade, I don't think trading can be liken to gambling, it can only be seen as gambling when you don't know what is required to trade, and you just start trading, but if you understand the technicalities, trading is very profitable even though there might be losses also but the profits outweighs the losses.

Yes you are right we can compare trading of coin in gambling because like gambling we need a good strategies and plan. And the most imoportant thing before you enter at the trading activity you must be knowledgable in every step that you will make because this is very risky and like you said you can loss large amount of money in a minute or in a hour so always remember that you need to be careful in every actions.

You can be in the act o trading but what you are doing is just gambling, some people have no idea what it takes to be a good trader, because trading is a profession, just like a doctor, not everyone is a doctor, so because you see someone of the tweeter sweet talking you, you think it is damn easy. Please learn to be a trader and not a gambler just throwing your money on the next to pump thing

3 wins 1 loss or 5 wins 2 loss... this is experienced by all professional traders, there is no professional trader who never loses.  so don't stop immediately if you just lose when you first trade, make a plan and start looking for the right signal, practice patience and learn to read the chart, then you will feel that trading is not gambling but an opportunity.

You are right, if trading makes us poor, we should self-criticize ourselves when this problem is we create, we handle it incorrectly or make too risky decisions, and failure is certain, too many mistakes, success cannot come. And this story is becoming more negative when we constantly blame work, so accept our weakness, look for cracks and fix it, trading is a job that creates more money from the capital we have, it can't make us poor, the people who make us poor are our selves, trading is just a victim, even a reason for us to explain the mistake

If you have the right knowledge to use inside this market the chance to get positive outcome will overweight those loses that you might encounter along the way, as long as you have good  positive outlook and you are willing to take the risk then even you are still in the learning process you'll be able to gained.

I am very sorry to hear about your misfortune in trading, everybody has an area which they excel greatly and you just have to find that area in cryptocurrency and create a niche for yourself there, some people excel greatly when it comes to trading and make a lot of money there, for me personally it's bounties.

Failure in trading is experienced by almost everyone in the world of Cryptocurrency, and in my opinion it is a risk, to avoid failure it is necessary to experience, my experience in trading, has also suffered losses, but after so long studying here I began to understand the world of commerce, I have failed in 2018, by buying one of the coins at a price of $ 2, in 30 days the coin fell to $ 0.5, I lost about $ 800, and that experience, I began to study trading techniques, and rarely failed.

I don't think so. The nature of trading is that the market(Exchange Specially) price of something could rise or fall at anytime. So, u should be patient and wait for the right moment to buy or sell unlike the gambling. Wish you a good luck.

For you to make that statement means you have been dealt with, sorry about that but I think will do you more good if you take a break and seek someone who will teach you properly. Trading requires a vast experience not something that is taken for granted as it all involves money. So seek for someone to teach, learn then try again.

This is one of the most problem people have, they can't trade, can't read candlestick, don't know where price will be, but they are so convident to enter to the market. If you can't trade, its mean you must learn first or better if you put your balances to build real bussiness.

If you had traded in the right way and with the right strategy, you would not have lost your trade, and I can bet that you were the cause of your losses, it is either you margin trade or you panic sell. A margin trade makes you indebted, and once a trade goes against you, you will surely loose, so if you do margin trade, then stays away from that.

Secondly, if you trade normally, there is absolutely no way you will lose your trade, it is when there is a drop in value of your coin, and you click on stop trade that you lose, but if your trade has dropped in value, and then you wait for the market to balance again back to the position you started trading no matter how long, you can still recover your money, I guess you just have to stay off trade for now, and go for better training on trading and come back with the right strategy.

l don't agree with your statement. There are of course risks both of them, but the situation is different. Excuse me, but When you don't have knowledge about trading, you would call it gambling, it is insecure and it can not be helpful for you. Sometimes it can happen, your experience defeat in trade, when you lose you would get some knowledge. When you win, it is your success, but when you lose, it is your experience.

If you are a cryptocurrency trader and cannot earn money for a long time, you need to leave trading and do something else, such as investing in the long term

Anyone will bankrupt in trading if they do not have the intelligence and skills in it, trade requires skills, strategy, patience and many other things, if you only rely on luck of course you will only suffer losses later. trading will not make you poor if you have skills, so right now start to learning, what are your shortcomings in trading fix it!

It is carelessness by making the wrong decision by starting to trade without knowledge so that with greed with enough capital makes you poor, remember trading is not the same as gambling which only rely on luck and big capital to get money but trade needs knowledge and experience, a mature strategy

I would say you have learned a bitter lesson that would be quite helpful further in trading. It depends on your skillset. You must have lack of knowledge of trading. Golden rule never invest all your money in one coins and always follow the money management otherwise same thing can happen again while trading. You can not correlate trading with gambling. Gambling is like blindly trade on luck basis without skillset. Always trade with plan and strategy then result will be different.

I've also experienced the same thing as you, but in my opinion trading is very different from gambling, because if we gambling we immediately lose our money but if we trading, of course the money we have is not lost but only decreases if the price of coin we buy goes down and the possibility of our money back or even increasing can occur if the price of coin increases, so what we need to do is hold and be patient until the price of coin we invest (trading) increases and gives us profits.

The title says it all, you didn't do research and studies.
Did you make your trades through the hype?
There are so many ways to win the trade and never see the hype.

yes trade will make you poor because you don't have the slightest knowledge of how to trade. even if I personally have a large capital like you don't dare to take the risk of trading with just one coin, unless I trade with bitcoin I might not lose a lot. but whatever you have learned is important in you, the next day you have to learn a lot in everything you don't know about trading.

Trading needs skills and studies. It also requires lots of research on coins before trading. We need to observe the development of the market before deciding to buy a coin. Trading and gambling are different things, gambling is based on luck but luck does not work in trading instead of luck it needs skill and understanding of the market trends.

I think you should not lead to the bad conditions that are now afflicting you. If I become you, I will take the best lessons from that experience and develop concrete steps to create a more beautiful game. You should not blame trafficking which causes you to be poor. I think you are just wrong in applying the strategy and you have to learn more. I think you have to get up and think more positively.

Please, do not try to get this 1000USD back. When you trade with emotions it always mean a loss.
So forget about that and try to earn money somewhere else.  :'(

if you are poor because of trade then there is something wrong with you in trading ... because many people get rich because of trading ... and I suggest you leave the trade if it can make you poor ... and you can do something else which can make you rich ... like following an investment in ICO / IEO ... you can search for one of the best ICOs ... or you can do anything else ...

It's sad to hear of such a great loss in your crypto trading but you have to be very careful when investing into cryptocurrencies especially based on just rumours and hype in the crypto space. Always do a good and deep background search about the project before investing and also learn how to hold your cryptocurrency for a long time because some cryptocurrency do recover after falling.

Trading without knowledge and skill is gambling. You bet on up or down trend, but it is not as easy as you think.
Good trader could predict the future with a certain probability, so he is reducing the potential risk.

There is no quarantee if you trade you always get profit, the faith isn't same for all of us. Sometimes that poor can't be avoided. The only thing that wrong is he chose the wrong coin in trading, that's an important point.

If trading makes you poor what of those who trading paid handsomely?. That means you are doing something different from what they are doing and as such you need to stop on your own path and move over to theirs. I will suggest you take time to learn about trading if it's possible pay to be taught if not you will continue making such mistakes thereby losing money.

By taking a gander at the present market, exchanging is one of the most secure and simplest approach to make something or recuperate all lost cash from the market. Exchanging ends up unfruitful in the event that you are somebody who's a fledgling in exchanging. I know somebody who makes at the very least $300 every day in exchanging.
Trading is very risky and you have to be ready for what you are getting into

As you know trading of cryptocurrency is very risky otherthan forex or other trading so you should first learn about cryptocurrency trading and than you can earn and you will not suffer more loss .

Volatile crypto markets are not suitable for everyone and everyone has a different risk acceptance level. Some people like to trade the altcoins and pump dump coins but other groups of traders don't see any meaning behind the small marketcap altcoin trading.


Before running towards to the crypto market, the new market shareholder should go to the learn basic trading stuff and newbie luck syndrome is not going to save everyone. Investing what you can afford to lose does not sound clear until they lose the balance in single wash trade by crypto whales.

Trading is very different from gambling. Of course, there is a risk there and there, but by trading you can influence your results. I'm sorry for your loss, but you shouldn't be upset. If you want to trade, you should be prepared for losses. You just need to analyze your mistakes in order not to do the same in the future.

You should learn how to trade wisely. I know many people who are making profits regularly just from their daily trading. You can use trading tools to improve performance. Some trading bot tools are very effective and can analysis deeply through the ask/bid across exchanges to ensure profitability.

Crypto trading, you should always have in mind that there are possibilities of you losing some portion of your invested capital. Once you have this in mind, you learn to avoid this possibility by developing plans and strategies to minimize your chances of losing money. Considering the crypto market right now, trading is the most profitable activity in the crypto space. You can also easily lose huge percentage of your investment capital. Having plans and strategies are the perfect ways to avoid losing money.

Pro trader also have that experience. Gambling just only for who not really know indicator,fundamental and other. Betwen skill we must have good control and emotional,i mean we should can handle our emotion. Psikology is main factor behind the skills. Sometimes lost make us more be careful in the next day. We just no need to give up. Lost is like paying what we can learning. But dont be loser.

Amazing you really believe that pump signal ? You have enough money,what make you trust that pump signal ? We all know yobit is like ghost market. Altcoin pumping and dumping more faster than other exchange. Personally i am avoid to trade in yobit.

You are wrong, what distinguishes trading from gambling is analysis. To increase profit opportunities, you must analyze using available indicators to predict the right position to buy, sell and hold. You also have to pay attention to other factors such as the development of news, rumours, etc. The luck factor is indeed quite instrumental, at least not as big as gambling which depends entirely on luck.

Maybe for some people trading can make him poor, but for some people trading can make them rich. For me, I prefer to trade rather than investing in ICO, the key to trading is patience and don't be greedy. Don't really want to earn a lot of money, even though you can get a little profit from trading, but I can benefit from trading every day. As soon as the coin signal goes up, we sell it, and we wait again until the trend drops then we buy again. I always do that, and can minimize losses

There seem to be like 95%+ idiots to 5 or so % regular thinking people.

And then 1% or so of those 5 % that are more adequate people some percent of whom make the ruling elite. And then some people have the audacity to question the governments and elites. You (and me as I'm a pretty bad trader honestly) are the idiots. The ruling elite is quite smart and good people after all. You just need some life experience to realize that.

Not sure about the proportions, where you get them. However, I agreed that majority of traders lose their funds, and there are limited, minority of traders get profits from their funds by tradings. In contrast, holders, mostly get richer.

If you know about Forex, Binary Option & Other Trading Investment. The percentage's true, 95% Trader got a lose went doing a trade other 5% was a successful trade sometimes this 5% sharing his successful trade for sharing his own referral site like Binary Option / Exchange Referal. Remember "Went trader got profit, other trader got lose"

if you think trading is not different from gambling you are doing something wrong. if you know what you are doing the odds are on your site, much more than in gambling

first of all you need to learn the basics, 2nd important thing is to train your mind, psyche is the biggest enemy when it comes to trading. and please, always use a stop loss.

I am a little bit confused. Are your picked coins fell down that much? If that coin has potential then the price will be higher again! Trading and gambling are not the same but both needs perfect timing to avoid the loss.

I have been trasing for such a long time now and I would definitely disagree with the generalization that trading is gambling. There is a level of risk of course but that risk can be controlled and that risk can also be minimized to the point that you will only lose a few dollars and then profit the next trade. I am really baffled how you lost it.

You should understand the factors that will cause the altcoin price to fall, so you can make decisions in your trade.
When Bitcoin falls you should not trade.

Yes i think always that trading is anouther kind of gambling...in both things you just make your trust and your money in a Prospect and if this Prospect is wrong you will lose

That is supposedly you must have to do. We don't need to find it difficult and aim for big returns if we don't know anything about it, it is better to be keep safe or at low risk rather than to have regrets in the future. We have nothing to blame but just our self?

I've been burned big time back when I was more of a noob, that's why I stay away from trading. I try to focus more on investing instead of putting money here, then there and hoping that I will succeed.

Learn how to trade first before trying out trading, you can't just trade if you got to training at all,there is assurance that you will throw your money away

if your predictions going wrong, you should cut your lost short buddy
find out on youtube or others source how to trade before you start trading
regards

Trading isn't kind of lucky spinner. You won't get any further by relying on your luck.

It makes you a fortune or make you bankrupt. If you really wanted to do trading, why not go for demo account first and make yourself familiarize with the dashboard and some technical analyst.

I am not really good with trading either, but I am not so bad also.

Trading is indeed synonymous to gambling if you are doing it without any basis at all, or if your sole basis is your mere gut feeling. That will bring you nowhere. I haven't experienced that so huge a loss in so quick a time even when I was a newbie. Here are my questions to you:

• Why didn't you start with a small amount?
• Why did you remain loyal to a single coin?
• Why did you even start trading without learning the methods and the strategies first?

In my opinion, i believe the only difference between gambling and trading is that in trading you take CALCULATED risks. You can gain in trading if you know your way around it. I would have suggested you use some automated trading bots with minimal risks like that of Dropil. Trading can be very stressful (even emotionally) i agree

The wrong way of trading will indeed make you poor, therefore study first before you start trading so that you avoid losses and minimize the poverty that might occur.

Yes, I agree with you. I have been trading for about two and a half years, and now only I have started to get something.
Without experience, you can make a few good deals, but most likely later to lose everything. You must be prepared for this.

yes, trading is gambling and investment is the same. But to increase the probability of winning, we need to cultivate more knowledge. Newbies like us all encounter failures at the beginning. Don't be discouraged, get up and continue learning. we will be rich soon.

yes, most beginners lose large sums of money because they don't have extensive knowledge about trading, they just want to get big profits but don't think about the risks. I think before we trade we need to learn about how to observe the price of coins and also regulate attitudes, both patience and emotional levels within us.

I just learned to trade crypto. although I have known for a long time, I just started trading about 2 months ago. trade with the big profits I make on bitcoin. and the movement on the market really made me not sleep well. but right after I stopped the market, I went down and was really lucky.

of course, before we take part in trading, we need to learn a lot or at least have the knowledge to analyze a coin price. I personally always learn about how to trade in several sources for starting materials before trading. but in fact if it is already within the scope of trade, what we have learned is different from the reality before our eyes. trading really needs hard work and takes the mind to always monitor the market and the price of coins.

then where do we get those experiences and skills? just by trying we will get it. by trying small trade and we have to understand we can just lose, so start with small capital. after we begin to understand trading in the market we can start with a larger capital.

the answer is failure at the beginning. I mean if we have experienced a failure when trading, it will teach you important experiences about trading. if someone does not try to do it certainly will never know how to trade, it's just that we must be prepared for every risk we face in trading.

You're right my friend, only 5% of people can earn money on trading, rest 95% are just losing them because of poor experience and no strategy. For most people, holding strategy is better, because to start gain money on trading, you got to lose a couple of deposits:)

yes holding is the best strategy and also safe unless you hold a coin potentially not with a dead coin. trading is also one of the best ways to get profits quickly and vice versa, but if someone has never traded and only relies on long-term investments someone will never know what trade is.

It's a pity that a loss with a large enough number of $ 1000,Supposedly with such a large number, we must be careful in trading, we must have a mature strategy and sufficient experience.Maybe I think we should start with small numbers first so that the losses are not too big

I'm seeing if you can't make the right decision about taking care of your health, you won't last in trading.
We trade to make money, and we make money to enjoy the money, we will not be able to do that if we are not healthy anymore before of trading.
Proper balance is very important, don't put all your life in trading alone as definitely it's not our whole life in this world, we have our family and friends which also needs our time.

yes it is not a small amount of money, in my opinion also a large amount. Trading is not recommended for beginners who have no knowledge of how to trade. in trading you must have basic knowledge of price charts, besides mental and patience. maybe his view with big capital can be immediately rich, even though I don't think that is easy because trading does not quickly make the rich and quick to make poor if they lose.

Many people say that trading can easily benefit. This is what we have to understand, that not everyone when trading immediately gets rich. Because the trade certainly has a strategy in everything that is done. It's not arbitrary to buy altcoins and it must be remembered that good trading is trading in several altcoins, not just an altcoin.

i know that feel mate, there is no trader who suddenly becomes great everyone has suffered losses. I guess you should start learn trade per risk so you don't experience another big loss next time. and also don't to use large capital if you don't understand technical analysis or fundamental analysis.

trading with large capital is very high risk for someone who does not have enough knowledge in trade, but besides that you have got a new lesson from the initial failure. and make the experience better for the next day. my advice, don't rush to take part in trading if you don't have enough knowledge.

I can understand that feeling. Really sorry for your loss. I lost many bucks on trading  when I was new to this market. Now I only do long term investment or sometimes some mid trading of I was sure about that. Trading is very profitable if you are a professional and if you have great knowledge about the market. And sometimes it's luck. After losing so many bu ks a off day trading. It will better if you take some time and do more research and return stronger.

I think you are getting too much addicted which make you a gambler and not a proper trader. A decent trader will have a basis for every coin or token he or she intend to trade. The best way is to have a target and probably a very possible one. No matter how small it is. It is something do not just rush to buying just because a particular token just went up without you knowing the reason behind that. Do your own research and invest wisely. Sometime I may not make more than $50 in a week but I'm satisfied

If you do not know how to trade then why trade without skills ?
you need to learn this business , as I myself for about a year only lost money but after I was trained and had at least some thoughts on the account of growth.

I know how it feels, i have also tried trading many times, even if you succeed at the start there will eventually time when you will either get stuck in trades or make massive losses while trading, so always take low risk strategy and never open too many positions and also try to take small profits whenever possible.

I have lost much more tha you in trading.. But the point is that we go into trading not setting our target right. Another thing is greed. You might see a little profit in trading and still leave the trade expecting a higher one. That's where we get burned most times. I say this cos I have been there and once I set my target in a trade now, I leave it at that.

This basically shows that you don't really understand and know the risks associated with cryptocurrency trading. You joined the trading ecosystem with no strategic or plan to help you minimize the risk at which you might lose your invested capital. Please next time when joining the trading ecosystem, you should first draw out a strategic plan and try to understand some principle of crypto trading..

Haha yes, it is really important to hold not a total shitcoin, but as i said i dont think that trading is the best way to get profit, especially for non-experienced users, even if you own and use crypto long time, trading for the professionals, every mistake you've done in trading = losing of your money.

Yes, even people who may be good at trading, I am also not sure that they have never made a mistake including trading, because I think everyone must have made a mistake, but if someone does not dare to take the mistake of course that person will never know what which they don't know and will never get new experiences.

Yeah, that's true. But I combine mining and trading. Anyway, combining you earn significantly more. I started mining in 2018

But trading depends the outside cash? Mining is all about equipment nowadays?

Yes, there are many crazy rigs like Z11, S17 pro, DR5 or T17 but I prefer middle class S17 antiminer if you ask my preferences

Where can I take a closer look to this?

Am sorry about your loss, I have the same experience in trading and it makes it difficult for me to think about trading. I see trading generally as something really difficult to be in and I admire anyone who makes money through trading

Here, on globemining com. They hav e a big list of rigs with all charactersitics and notes. Here is the direct link: https://globemining.com

Have you purchased there? How does S17 work?

I got my rigs there, on globemining. I was glad to receive a big box and was delighted with the safety package. It was awesome

Do they have a guarantee on miners? How long does it last?

I haven't got into guarantee, but I guess as all electronic devices: 1 or 2 years, you may ring globemining or write them

Me too loss a lot on trading, I thought it is easy but it is like gambling that when you enter a wrong price then you will lose all the money that you enter.

Trading and gambling were the best earning access available for the cryptocurrency users. Both were highly risk involved medium of earning. Even a small earning will cause a big loss. Trading is much risky, because a small value drop could lead to massive loss if the trading volume is big. It is always good to invest little by little which is the best way to lower the loss.

Yes its a type of gambling. If you dont have experience on Day trading at least 1-2 years , Do not invest money. Invest on Fixed deposit or certificate of deposit instead. its risk free and stable return.

The trader must have a clear goal. Know when to stop, do not be too hungry for profit or still think it will return, I am amateur so only trading and eating 5-10%, when you become a professional have bigger goals

It is not gambling but still, I would like to recommend you to invest as much as you can afford to lose. If you have lost 1000$ in only 2hours then you have invested a lot of money which is not at all recommended for a newbie.

Trading becomes similar to gambling when you don't know what you're doing with trading. Knowing the right coins to invest too is one of the most important things when it comes to trading. And the two things have different risks that must be though about before taking it.

unfortunately many traders start their trades without any knowledges so as if its like a gambling.they put money into high risk market without any skills and knowledge in trading, so that's easy for them to suffered loss while market crashing.knowledge be mandatory for us if we want to get return in our investment.

it must have been done. but sometimes the market changes all the predictions we make. we can estimate asset value growth, but who is the market condition? that makes us sometimes have to be prepared for losses, and that is natural. we just need to be patient and wait for the value to return if possible.

Do you pay attention to prices when buying or reading news and know what trends are happening? in trade, it looks easy to buy cheap and sell expensive but in reality, it is not. there are several ways to learn even though it is not accurate it can prevent a large loss.

Trading is about buying and selling at the right time, not buying and holding. If you have a good strategy / indicators set you would not need the hype to come back, as you could trade at any price level.

depending on how you trade if you trade using guesses, that's the same as you gambling but if you do a thorough analysis, it's not gambling, and also every trader is certainly frustrating if loses the assets, especially for those with large losses.

Trading is extremely different from gambling. Most times, many people who think they are trading are a totally gambling because they dont even know anything about the market situation, yet, they put in their money and hope to get much more in return. No one works on that kind of trial and really succeeds.  It's possible that you can try it one or two times and it works,  but for the most other parts, you will lose so much money that you will almost be discouraged.

There is nothing as beautiful as being knowledgeable about what you want to do... asking questions and making inquiries.

If you dont do all these, you will sincerely be gambling and not trading.

but it is not happening in all the situation in some situation only we cannot understand the trading field and makes the wrong otherwise trading is the best platform for getting huge profit if you had good Intelligence and experience

Very interesting ... the name is reciprocal relations..some decision you really know the risks and things that are common in trading.

I've been doing this for years and I'm still not a confident trader. Too much luck involved (or bad luck) to ever really feel confident. Even if you do everything logically and without emotion, some dumb little thing out of your control can crash the markets at a moment's notice.

This is sad to hear and shows you are trading in the wrong way. If I may ask, how long did you study or train before going fully into trading? Trading requires time to master, it requires patience and a good mentor without these one might be making unnecessary mistakes which will cost money. Please go and learn before proceeding.

Someone said that even if you are trading blindly you should be able to make gain in few trades out of ten. In any case, you cannot over learn. You just have to continue to read on trading strategies, pinpoint the one that works for you and build on it. In any case you should be flexible in learning- learning and unlearning is the key

Yep, the first one. And I was told that the guys are having wide range of devices

People are also making thousands of dollars from trading which is making them rich.  If you don't have good plans or strategies  for trading, you might lose huge sum of capital within seconds. I will strongly suggest that you develop investment plans and strategies before investing in any crypto coin.

You are absolutely right. Trading is not a simple matter. You buy to wait and make a profit, not like that. We must do complex analysis by utilizing the available indicators. News and rumours are also very influential. The basic thing we need to know is that experience and mentality have important roles in trading.

Trading is kind of competitive, someone's loss is your profit and vice versa. So it best done with you are knowledgeable enough. Even the best and experience trader do record losses on some days, nothing is absolute. The important thing is to keep improving on your skills , then your chances of making a profit is significantly improved

You lose money and you come here to explain the situation but this is not the correct path. Yobit pump groups are used for the dump tokens on the new traders late to the pump event. Never join such shill groups and be careful about combining pump-dump trades. Yobit is shay exchange and they don't return back the funds of the users.

Trading isn't suit for everyone. There are experts in trading that making more but for someone who just known trading can be a potential good source of income and doesn't know fundamentals about it is likely to fail. Someone who just follow the trend and heard trading is good and then he started his own trading career without proper learning will have bad experience.

Trading without knowledge is the same as gambling. Because in this stage you just predict the price can go up or down by your feeling.
Why not try to start learning some Technical analysis? It is easy to understand, but hard to practice. Just keep trying dude.
Even when you can't really understand a TA, you can just analyze by looking on the News that incoming.

You are risking big money, have you done a market analysis and know the risks so you dare to play that kind of money? If you only do it because feeling like you do gambling, as explained below.
Trading is risky because the cryptocurrency price is very volatile, but price movements can be predicted. So, don't blame the trading, it's just that you don't understand the technique and what to do. It's time to learn and understand the risks.

That was a great loss within a short period, normally I don't put such a huge amount to a particular coin, I split into bits and put in different coins,  one thing about trading is that it requires dedication, time and experience and monitoring. Sorry about your loss, always know to switch and also apply stop loss

It sucks to see this thing happened. $1k is too much for an investment, especially for a single coin where it would had been good if you had invested it to several coins. So, at least you can maintain your assets better than only just one.

No, it's not. Gambling is 1000000% depends on luck, trading at least you have to analyze something before making an action.

for some people to be holders is the safest thing because trade is very difficult to understand.
not only for beginners, this also applies to experienced people. but i think, we should also be active in trading to increase our understanding of the crypto market.

indeed it will be very risky, but we must take the risk to learn and if we are lucky while learning we can also collect profits.

yeah, trading is indeed very risky. i agree with you not to blame trading, we just need to expand our knowledge of trade so that we don't experience the same thing in the future. i think your suggestion is very good, your suggestion also applies to me.
i also have to learn and understand the risks so i don't suffer losses.

Lol! be glad you have realize this on time especially when you are not a professional trader, if trading where that easy to make profit lots of people would engage in it but truth is many losses only few people gain in trading, it is always advisable to hodl if you are not very good in trading then don't do it.

Do you have so small starting capital? On Binance fee is 0.1%. To spend capital on the fee you should make billions of deals with the small sum. Otherwise fee is not so much.
Exchanges live by fees. The fee is the blood of exchange. And such a situation is on every exchange, stock or crypto

That's because you take trading as gambling. How did you lose $1000 in 2 hours unless panic sell, invest in pump&dump coin or what?

For the majority of people this is perfectly true. trading is 1:1 gambling.

and then that goes well at some point and everyone thinks they are now the superheroes and
continue to play until the credit is used up. i can only say one thing. finger away from trading.
the fewest can do that. ;)

if trading make you poor, so never did that again, or you can try harder and make your previous mistake as your experience.

I think trading and gambling are two very different things, because gambling only bet using instincts and estimates, while trading requires precision and accuracy in choosing coins that will be invested

yes, everyone has experienced this, but that's normal, in my opinion, it's trade forex, stock, binary, crypto, there must be a point where we experience the core losses that can be used as lessons and for crypto maybe you should update frequently and certainly a good management portfolio so as not to experience significant losses

Of course, these are different things, but you can look at them simply as an opportunity to make money. if you evaluate it as an opportunity, they will become the same for you.

That's how the market works.
all you need is a good trading plan, management risk, and analysis. And yes, what you are doing is not trading but gambling that's why you can lose $ 1000 dollars in 2 hours.

frustration must be there, there is also disappointment, all of that must have a lesson. I often experience what you feel right now, but I don't make it a burden to keep trying. all need process and experience. if you are new and have a loss, and you cannot accept it, then you are not ready to trade here. because here crypto is volatile where prices can change at any time significantly.

Well, trading really requires a relative accuracy of the information we receive, and want to achieve this accuracy, we need to go through multiple checks and inspections, being impatient and not doing these tasks, we will fail and therefore, the path becomes poor from trading starting from here. And with such clear explanations and opinions, perhaps many people already know that mistakes are coming from them, they bring poverty to them that they do not recognize, the boundary between rich and poor is due to our ability

I had that feeling too when I was losing money trying doing trades with leverage at Poloniex and Bitfiniex..You know I had stopped doing it. I am not a trader ,I am a holder and a bounty hunter ,so it is more relaxing for me doing bounty tasks than sitting with a laptop following trends in cryptomarket )))

Im loose more than 1.2k usd in trading in last year and actually i still sorrow about it today

You should have tried first a small amount of money, and you should know about trading before taking the risk because crypto trading is riskier than the stock market. Prices can fall easily in just a split second. Crypto market is very volatile; that is why many experts always remind us to be careful in entering the market.

In my opinion, you need to trade not one but several coins at once and then the result will be positive. Of course, you must first select these coins so that they are promising in the future and not exhaust themselves today.

I'm sorry for your loss, mate. Maybe you should try some arbitrage instead of classical trade. I made tons of money with arbitrage. It was worthwhile during the crypto bubble in 2017. I will explain why was it profitable back then, and not so much today.

First of all, we need to define atomic and non-atomic arbitrage, pros and cons of both methods.

Arbitrage consists of two trading operations and one or more fund transfer operations.

If sequence of arbitrage is trade->transfer->trade , this is non-atomic arbitrage, and is susceptible to transfer speed. Transfers between exchanges are really long, and anything lasting more than few seconds is putting you at risk.

If sequence of arbitrage is trade->trade->transfer, this is atomic arbitrage. Naturally, you need to have funds and specific coins ready on multiple places at once, perform trades at once, and then rebalance your funds. Transfer itself is outside of arbitrage opportunity, and this is the only professional way of doing it. You need to create your own software, connect to particular exchange APIs, and detect favorable trading opportunity.

Now, you might ask why the bubble matters? In bear market your coins might lose value overtime much faster than you would gain arbitraging. Frequency of opportunities also is much lower today. However it's still possible to earn smaller amounts, but if you account for risks such as exchange hacks, exchange closures, scams, overall risky trend etc... It's just not much better than being shitcoin "investor" .

In the trading process, of course there are profits and losses. If everyone gets a profit, of course this is not a trading name. Or where does the profit come from if no one bears the loss. Trading is not gambling. We don't make bets there, so it's not gambling.

We can not regard cryptocurrency trading as gambling because it is definitely not. It is just like investing normal business in which you can sometimes make profits and you can on the other hand make losses. That does not make your investment, buying and selling a gambling.

I become sad  I see a loser trader. But that doesn't mean it is something like gambling. For instance, gambling is insecure. Incidentally, in my view, trading is improbable for you. You have to improve your knowledge. For example, you can research that. When you are just trading you have to be patient. It can be helpful for you. But don't forget you can not equivalent Trading to gambling for an obvious reasons.

many people suffer losses in trading but that does not mean you have to be frustrated or assume that trading [is not much different from gambling] in trading is that you can profit if you have expertise in analyzing coin prices. and gambling is luck, speculate as you like without having to have expertise.

That's their difference but they have something in common, which is the risk.
Trading is not easy as we think, though we think it's better than gambling but without putting much effort to improve and develop a working strategy, things would not be easy and a trader might fail in the long run.

In gambling where you use luck, you can't win in the long run, but in trading you can if you keep improving by learning from your mistakes.

being poor is not only in trade, in the outside world it is also possible, one of our mistakes is not being able to manage money properly, I think trading has a number of conceptions that you have to look at, 1. reference tokens before you trade, 2. learn the direction of movement tokens on the market, 3. don't rush to draw conclusions in trading. if you don't use these 3 concepts, then you will be poor in trading, whenever you do.

If you said that trading is not different from gambling well on some point yeah that’s true,but just like gambling and trading people are also has different way on treating each area of profiteering.

There are traders that knew where to stop and go.like gamblers there are some who knows when to quit and when to play again

We can choose our path and why you did is a mistake because you focus on single coin in which there’s plenty to choose from when the one is not functional

As you know trading of cypto is not suitable for evryone and when we need to start any trading than before start we should learn about trading and than don't invest big amount should always invest small amount.You should learn before star that's why you loose your money.

with use of customs with personal strategy trader to collects on spares as releasing use of efforts on backup with the funding of capital and gains on finest with the terms as examination to collects as least with risks on losing and complete of number with minimum amount on balance to keep on ledger with the accounting of finance on administration.

Trading is not so easy as it may seem to be...Especially more dangerous trading with leverage without stop-losses..So I recommend to try demo-trading first amd then you will realize if you really want it ...

Well, it seems that you don't know that much enough about crypto trading. I feel sorry for your loss but I think that will serve you as a lesson for yourself. Don't start trading if you have no knowledge about it.

It's a Pity you lossed that much, well I think you need to strategise or learn new skill to be successful that doesn't mean there won't be losses. Again just to point out, I think You got it wrong by saying it's likened to Gambling, it's only gambling when you don't know the technicalities involved.

I thought so too, from what the OP said it seemed to have no knowledge at all about trade, maybe he thought that with large capital fortunately it was also large? actually it's true, but if you trade with BTC or not just focus on one coin ... if you want to trade requires another strategy I mean not just depending on the first coin what the OP is doing and I think the OP trades bad coins.

I won't put $1,000 in a single coin in trading looking at the condition of the market, I did this last year and all got burnt down. The year I could afford to put $5,000 in a single project was year 2017. Things are different now. Bitcoin is more sure.

I agree with your opinion. Also i think if you experiend in trade, you never be poor.  Risky

I assume you have lost 1000 $ in 2 hours via some pump and dump scheme, or you are dealing with massive amounts trading funds. But yes, at the start of my crypto "career" I have lost some money via trading. I have participated in couple of those PnD schemes (willingly - I was aware of how they work) and I was too late to sell in profit, so I took the loss, but those losses were really a pocket money losses, so I didn't care that much.

Now is not the time to be very confident in Bitcoin. the fact that bitcoin has now shown growth to 14 thousand is just a manipulation which is aimed at you to stop believing in altcoins

When you invest only on 1 basket. If you lose on it then you don't have anything to save with.
So please share your investments in another Altcoins. I think $1000 is enough to spread it into 5 altcoins, not just focussing on 1 coin.

That’s is why many people use to say noob should not enter into trading without proper guidance. I saw many people who lost their funds on trading equally to the gambling.

We should not find any guidance means atleast learn some basics before you go to trading. That’s my humble suggestion.

Problem right now is that most of the entire alt market is down. So instead of losing with one basket, he'd just lose with 5 baskets.

I'm not saying not to diversify, just that as the way things are right now, it may not help that much. Maybe primarily invest in btc, some in eth, then spread out the rest into 5 altcoin baskets could work. But I wouldn't tell anyone to invest just in alts right now, kind of risky, even if they diversify.

Stop trading then. Paper trade until you learn what to do.

I get so scared when it comes to trading but there is a lot to gain there only if you know the ropes. Only problem now is that you can barely bank on fundamental and technical analysis, the market will just end surprising you

Sometimes it is much better to sell while things are going well and you are in profit. Otherwise you might not make profit or even worse lose more. If you hold longer you could lose it all. You need to see where the project is going. If you see a good price for your tokens/coins then you should sell them when the project is losing momentum before it totally slows down to a halt and basically the coin/token crashes.

I disagree with the last statement of OP that trading is not different from gambling, i guess it all depend on how you are handling the trading, stop trading as if all your life depend on it and be realistic with yourself anytime you are trading.

if you trade without having knowledge you will say trading is not much different from gambling, because you trade only using luck not with knowledge or analysis.

indeed understanding and knowledge of how to trade is very necessary, so if we have not been able to understand and know in conducting crypto trading, indeed we will be able to experience defeat, especially as a new trader, panic and sell when prices suddenly decline it is mostly done because they are afraid that they will lose all their assets, whereas for example they can be patient to wait for the increase in the coins they buy, surely they will not suffer losses.

Can you share us what specific coin was that?so we may.check what gone wrong about you investment? Nut i have a feeling that you put investment in shit coin or you didn't manage to keep the holding and sold the coins ar loss

But if you still have the currency in your wallet or exchange don't worry theres a chance for recovery .just invest time as well

Never put all your eggs in one basket and trading required a lot of skills to get profit from this market.

If trading without knowledge or experience. It is definitely trading blind. and money will be lost every day. It's best to learn a lot before you start trading

Not only you many people have suffered loss and many have got benefits from cryptocurrency. Everything has both good and bad sides. If you do not have crypto knowledge enough, there you can experience loss. So crypto knowledge is required first.

yes it is true that basically before starting trading we at least have basic knowledge about the price chart on the exchange, actually if the OP learns about it first, because trading without having knowledge / experience is certainly very risky. as happened with the OP, it is unfortunate to lose a lot of money

It is no exaggeration to lose money while trading, there is always a risk. Before you invest you have to research the coin and to get some information or to read the experience of another investor. We can not deny the fact that it is not for everyone and absolutely you must tell apart what is gambling and trading. That is right there is jeopardy in both of them. But in the meantime, gambling is consist of more risks than trading, investing. You have to use given opportunities for winning in gambling, but trading it depends on your ability to reading charts.

Lol, that's reminds me of my past experienced with Yobit exchange when i started trading around 2016, i started with $250, i was following pump and dump coins and never new how trade works. when i bought at high price when coins pumping, in a few seconds the coins dump so hard. my $250 became $40, lol. I had to call trading a scam game. that got me off in trading throughout 2016, and i would just open the exchange and keep watching all the activities going on till i began to understand the tricks. i found out that patience is the key. i ventured in again in 2017. then i began to make profits.

The way you see trading, will determine if you will earn from it or not. Frankly speaking, gambling is totally different from trading. If you cannot analyze the market, products and news carefully well, then yo might not be able to trade to taste.

Trading is one of the most complex and challenging professions in the world, with great competition and interest from a vast variety of

extremely talented groups and individuals. If you want to have a hope of being a profitable trader, chances are very high that you will need

to take it very seriously and make it your top priority as a business...

I don't easily give up in trading. Though, I loae a lot of money in trading, still I try my best to gain even in small amount. If you easily frustrated, you will be defeated throughout your life. The common mistake of the people is that we give up easily because we want an easy and fast outcome which will not absolutely happen.

What coin did you invest in? I think if you invest in a coin that has a high volume and of course has a product, then you don't need to worry about the money you invest even though the price of coin is down, because I believe the price of coin will definitely increase very high if the project of coin has a product that will be useful in the future and of course the project has progress.

Friend, if you lose in trading, you can try long term cryptocurrency investment. It is always good to adopt new strategies if one does not work well for you because every avenue has got its unique expertise in order to excel.

That is true, we not lose anything if we are invest on top 100 coin based on CMC and hold it until the price going up again. My asset drop 90% after buying coin on late 2017. I hold my coin and i belive if bitcoin start to hit $19.000 again, and altseason is coming, my coin will be back to price i bought. Another option is, cut lost and buy back if need it.

we have to set several strategies to survive in this market.don't only focus on one coins, hold it for long time make us miss another opportunities that appear in market.maybe if we sell it ,and switch to other coins we could recover our loss slowly.

trading by just relying on instincts in my opinion is very dangerous and can cause us to experience losses in trading, so as a trader it is really necessary enough knowledge in analyzing the movements of altcoin / btc prices at this time, and maybe it's better if we join a premium group that is indeed provide accurate analysis for each exchange, it is not wrong if we have to pay a little to get a large profit from the analysis.

I feel you ceruka i had been that situation too and it's really frustrating all to loss something you did work hard on it but that's crypto trading, you lose some, you win some. Greed was always been the root of all and that's a bad habit that every traders should be taken off in order to succeed in crypto trading.

Yes, I am frustrated after big loss. I think that there is no need to ponder too long over defeats. I try take my lesson deep and move along because you can't change the past. I am heard that best trader is dead man - he don't make unnecessary emotional moves and his portfolio is growing.

always be careful when trading is something that needs to be done, I have a difficult experience when trading crypto, when doing daily trading I never get a profit, then I try to hold the coins that I have, almost from 2 new ICO projects that I have followed this time the price is still far below the ICO price and I am trying to trade with more buyers. We must be good at choosing coins to trade, because if we choose wrong and leave a lot of information, then we will lose if we never see the update information and the current market situation

yes, crypto trading is very high risk and if the worst possibility occurs in us, of course we must be prepared to accept the risk. but it's true that if we don't make decisions we won't know the truth.

before trading you should first study market analysis, both technical analysis and fundamental analysis. it is very important for beginners to learn first, do not be too oriented to big profits. your experience reading indicators on charts is very necessary as well as good news and bad news. there is a saying "buy on the rumors and sell on the news"

Yes, same something! too much different between trading and gambling, gambling is a high risk activities but for trading it's a analysis matter! and patience and good analyse can get you rewarded!

To become a successful trader you have to learn trading and know how to manage or limit your risks, many traders takes trading like a gambling den thats why they lose,for example trading on olymptrade you can trade with 10$ for each trade but some likes going higher so that they can get higher rewards which of cos increase the risks too

ohhhh so sad...
so many possibilities exist to trade without spending the single coin...

Ok,
if you trade without risk,the feeling is not so big...but the fun to earn more and more is the same.

Advice:
Depose for free some BCRM on the different tradings places possible and trade with.
You can use them to learn and train...

for me, trade is not to be confused. actually in trading we have to have the right tactics for example before trading we certainly have to know what the price of the coin we choose to trade, and we also have to look at the situation of the coin and the market when trading, and trading is not done carelessly just like that .

The first time i tried out trading on a trading platform i lost some dollars and after few months i retry again and i make few profits so they trick is there is always a bad trading day,if you are losing just stop trading and try again the next day

I do not think like you, when we experience losses in trading, of course it's a mistake in yourself that has wrongly predicted a coin. I think you have a lot to learn to trade first before starting so as not to lose big in a short time.

Trading is not meant for me because im always too eager to make profit,i prefer to invest in good coins and token dor future profits than trading

You're god damn right, bro, gambling, pure casino :)
99% of the traders who are going for daytrading are wasting their time and money. Other 1% got some kind of flair, intuition or something like that :)

Trading is not a job you can just start and gain. There are fundamentals attached to trading. Don't expect to always win all trades, there's always a space for losses. If you ain't ready to learn the techniques i don't think it's a good idea to do trading.

At least for trading you need 3 months to study the materials. These are books and video tutorials. I think that in trading you need to have experience of 2 years.

Well, trading is not really easy and traders some time are always confused and it makes everything looks more like gambling, I will advise u look for what actually works for you, either investing in coins at low sat for long term or probably investing in good project IEO. This will really help, am always scared of trading myself

trading with gambling is almost the same. it's just that distinguishes that trading requires skills in analyzing the price of coins while gambling does not require skills, gambling depends on luck.

wonder how people expect good results in something they have a very vague understanding of
trading =/= gambling , it is way more skill based , gambling is more luck based as you could run the optimal strategy and lose because the stars didn't align ( or because of the casino's house edge :)   )
in trading one has to read ALOT first , it requires a certain mindset too , you must understand that you cannot be profiting all the time and losses are inevitable
I heard stories about Forex traders who made millions on their demo accounts
once they deposit and trade with the real money - its a completely different story , 99% of them lose their money
it is psychology , mindset , discipline and technical analysis and even then you could end up in the red because some markets decided to crash and you were holding
or you shorted and there was a global super bull run , things happen

this is just for me and i think for genaral.
If you think trading makes you poor or if it is happening now.
then you went to a game without knowledge like playing basketball with an MVP skill in volleyball.
crypto is not a fortune telling, this is stratigic and knowledge will prevail.

I, too, at the very beginning of his trading career , lost a lot of money lost more than $ 5,000 , but it was an experience and need to learn from it , now I get more profit than losses in trade.

I also failed in trading altcoins and this continues to happen to me from time to time. From this I made conclusions, which I began to apply in the future. The main one is never to put all your money into trading one pair of coins. Always split your money into multiple instruments.

Its really bad. But in this market people lost more than that in history. And if you are trading your asset it's fine. Its not always a win win situation. This market is full of volatility and this win loss happen. Trading is the most profitable thing if you got some good experience in that. But most of the time people lost moeny in trading bcause they don't have enough knowledge of trading. So whatever you do be care fullband do your best.

It only makes you poor if you do not know how to trade. Because trading is not a simple thing, you have to learn it deeply to understand how to play the game. It is normal to lose during the course because you will learn most of the time when you make mistakes. Invest in knowledge together with your money to ideally win the game in trading.

One of the option could be to buy a trader not license, you will get around 1% per day of revenue. It is very good profit.

at the present time, the things you say are true. If you are one short-term traders, you have really good to be able to earn money, or you will lose for sure. Because right now trading with the BOT's trading platform, not humans.
In the short term, BOT can make price, increase or decrease. Insert your orders. But surely the BOT cannot do this with long term. Set a target for your commands. Buy at the buying zone and set targets according to the knowledge you have and go to other jobs. The more you sit with short-term charts, the more likely your psychology will go down and out of control.

What did you do to your $1000 just only 2 hours ? You should not lose such money in short time.
If you want to be a trader, you must not afraid to sell your coin if the price keep going down.
You should set target when you must sell, and buy. For example if the price -10%, you must sell the coin.
With this way, you won't lose your money easily.

It means that you don't have enough knowledge in trading that's why you lose. Better learn it first because the risk is big if you don't know how it works, it takes time be patient and wish you will recover your loss in the right time.

yes, trading is a very high risk especially if those who have no expertise at all in the trading industry will quickly suffer defeat, to reduce the risk you better invest in the long run and make sure once again that you invest with popular coins or have lots the user.

a bad trader can lose more than that in a matter of seconds
and even get into serious debt if trading with margin leverages - do not do that if you are not a pro
some people are attracted to the possibility of easy and fast money and they do not realize that they can go as easily as they come
once again : learn and read before you are trying anything that involves money , be it trading , investment , gambling , banking etc.

You will go more & more poor if you are trying the trading without knowing about the trading basic and the strategy. And, while talking about the crypto trading it is a tough job in your life. So, first of all follow the equity trading and after the mastery go for crypto trading and do cautiously as the market is highest volatile than other market.

yup! it does look like gambling because it has the same purpose but with a different meaning. this is my opinion.

indeed being a trader is not easy, we must be required to understand the conditions and look for loopholes to make a profit.

That means trading is not for you,bro.So ,better stay with holding crypto as I do and you will be fine.Remember one thing ,90 % of traders lose their funds in first two-three months of trading.

Right now, trading alts kinds of makes everyone poor. It's very difficult to trade alts due to btc dominance. Anytime an alt makes a move up, btc crushes it a week later.

So for now, holding may be the best bet. And unfortunately for alt people, even holding results in losing money lately...

You look like an amateur. You call yourself a player, not a trader. With this approach to trading you will never be a good trader.

for trade crypto indeed if you are not careful you can fall into poverty and also maybe you should learn first before trading with large capital for example 1000 $ is very big for me.

Trading is not gambling for me, gambling is a matter of luck while trading is about the knowledge.
You should be smart in doing trade coz in just a minute you can win it or lose it.
You must go making research and studies before doing trading again.

Cryptocurrency Trading needs aptitudes and studies. It likewise requires bunches of research on coins before trading. We have to watch the advancement of the market before choosing to purchase a coin.
Trading and betting are various things, with trading there is need for expertise and comprehension of the market patterns.

Recently read the book "Innovation of the Ninja" by Gary Shapiro. It says that you must fail to become more experienced.

Experiencing loss in trades is not new and unexpected. You have to take it as part of the risk in the business you are in. Take the loss as a lesson you have learnt and move on. I have also bought coins that ended up a total mess and my capital lost.

When you trade you need to have a golden rule to have a risk of only 1-3% of your portfolio. Don't worry to get only 1% daily, it's a very good profit, even for professional traders. If somebody will try to get money from you for trading and will tell you that you will get a lot of %, don't be fooled.

My golden ryle is — if possible, do not trust anyone.

If one is starting to trade and yet trading or even investing with the whole of his hard earned money or better still l not trading with spare money, such is calling for serious regret, because there is every chance that he loses at some points and you never can tell which will be affected.

Holding the altcoins will result in the less balance in the bear market but holding the top cryptocurrencies will lead a richer portfolio in terms of dollar value. It is not easy to trade the altcoin while Bitcoin dominance on the pick point of the crypto history.  Generally, the poor trading returns means the trades by the unexperienced trader and using indicators in the crypto market is meaningless, waste of time from my general market analysis.

Have you forgotten that once you enter into cyrpto trading it has a risk involved because of the volatility of the market, that's the dangerous things we have in this business concept. Then, if you lost 1000$ probably the methods you used for trading was obviously wrong so the result was that your capital melted away. So the better thing you can do for now is think and accept as your charge experienced learn from it and move on dude.

Trading is profitable for some people but it can also bring harm to others. If we don't have a good trading system, our trading could lose but if we already have a strategy and are able to read market movements, I think trading can be profitable

the volatile crypto market, which made some allcoins experience surges and falling prices, experienced traders can certainly read this signal,
 for novice traders must learn more about buying and selling.
 to avoid more losses, do not stick to the price but must find the latest information about crypto developments.

Maybe you are wrong in trading. Trading requires trading knowledge, concentration, patience, and tactics. You cannot always follow Fomo or FUD in trading. I am sure you are too following the trends.

You better learn the science of trading. And that you can find on the internet. Make this your first and last learner. Good luck.

For me, trading is like gambling too because the price is really unpredictable that is why i considered it risky but trading is better than gambling because i did not heard anyone became rich because of gambling unlike trading in which many have become in prosperity so i suggest to wait for the bullish market and try again.

It was a very large amount. What coins did you buy? Did you not check information about that coin?
That is the biggest mistake. In trading, you must continue to look for information about the coins you want to buy. The most forbidden thing to do in trading is that you buy coins because you don't want to miss when prices are rising. It can make you lose in an instant.

NO ONE IN THE UNIVERSE can predict "the market".

Understand this for the rest of your life - There are NO patterns in random noise, which is what short term market movement is about. There NOTHING for your or an AI to learn.

Traders are always trading against what is happening in the world and how OTHER traders react to it. An AI can never understand that.

No, when you want to experience with crypto trading use small money don't get your money over $10. then when you loss aren't much and not frustated came. You make mistaked by experience with crypto especially initial coin. trading cryptocurrency need high skill, you have to learning year by year to know how situation of market price. not instance to know it.

With the price hike reduced. In this market. Those who have profited. They are doing just profit.If you do not understand the position of the market, then you will be lost. So well know and understand.

It's true that gambling is not so different from trading right now. I picked some alts at favourable positions using TA and everything seems to be going well until btc started its movement again and I watched as my little profit got wiped off one by one

Trading is very different from gambling. I think ome thing the crypto space has taught me personally is the ability not to be greedy when trading. You can't tell exactly what the market situation will be. The best shot one  an have is not putting all his money into a single investment.....the money can be distributed into several trades such that if you lose one, you stand the chance of having other coins to continue  your investments

Yeah lose and profit is all about the trader when people are new so they should not trade for shorty term and as you said all of use to lose we only should gain experience. Trading does not make anyone poor but their greed and their bad nature makes. Learn about it before trading then it will make you rich.

In a lot of cases, Trading resembles betting because you need to be mindful to the altcoin you pick to exchange constantly set a stop lose this is critical to not losing more cash. That is why i strongly recommend you trade with trading bots.
By trading due to the Fear of missing out is by far the worst strategy because that is the easiest way to loose your money as you are setting yourself up for bad decisions. The Bitcoin price activity is always a good guide and dont assume you know the market.

I doubt trading makes us poor, this is not true. Although, in trading you could face or encounter win or loss but it doesn't mean it can lead you into poor situation. Unless you careless being trader in crypto trading that's possible I guess. But as a traders here you need to feed yourself everything about in trading just like in Technical analysis, candlestick and etc.

Everyone has different predictions and analysis and I think not everyone who trades makes a profit, many traders lose because of the wrong strategy. Trading is indeed profitable if we have a good strategy and fit with our psychological but if we are not disciplined with our strategy, then we can lose our money

Do not forget that trading in the crypto market is much like a casino. You may be lucky or vice versa. Therefore, when trading, you should understand that you can incur losses at any time. If you are not ready for this, then you better do another thing.

Yes, it’s a kind of gambling and lottery, but here it all depends on you and here it’s more possible to hit the big jackpot

Exactly!! But it is only true when you do not have any knowledge about it. Have you ever questioned why there are always winners?

When you don't have tradecoin knowledge, it means gambling. But not really. If you want to win, you must learn carefully about chart analysis. The psychology of players and good information about the project is also important.

Trade will only make you poor if you allow it. 2018 has taught me a serious lesson about holding for too long. I have now learned how to cut my losses whenever a coin I am trading is going down in price. You should employ similar techniques when you are trading so at least when you cut your losses you will not lose too much and thus, won't get poor

I understand your plight, loosing such an amount within some days is  very painful . You need to understand the techniques involved in trading,before you venture into it else you keep lossing

Even if a person successfully trades, large market players can collapse their cryptocurrency asset in price. In the cryptocurrency market, the situation is now very difficult with Altcoins.

Sorry for your loss, trading is a function gain and loss, hence, i think that show you experience and to improved more by applying new strategy on your trading, to overcome challenges. 

Trading is not for everyone, but you can still look for the aspect that you best fit in. You should be able to at least invest not just in one coin, but at least four, by dividing your investment capital on all those coins, to reduce your risk level. Traders have their ways to how they make gains.