Bitcoin Forum

Lots of frustration on social media, especially from new and aggressive traders. The recent events are causing significant losses. Our advice: before diving into trading, arm yourself with knowledge and skills. It's the real deal, and it can impact your life. Trading isn't a game; it comes with costs. Be prepared. 📉💡

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I agree with you because in the present case such scenes are seen in many cases.👍

The crypto market crash is happening and altcoins are bleeding heavily. Most people often have a behavior of bottom fishing and pooling their losses so their losses are easy to see. This fall could be a major correction or the start of a downtrend.

We repeat the bear market of 2020. This time it looks more severe as most cryptocurrencies have fallen near their ATH levels and many altcoins have split 3.4 times in value instead of halving as in May. March 2020.
This price drop has severely affected the entire market and we don't know when it will end. This price drop can cause most futures traders to liquidate their accounts.

There were some signs of this crash. Of course it didn't happen in one day and those people who suffered weren't able to see it. Only experienced traders in this market might have seen and avoid huge losses. Bitcoin is very volatile at the moment and it isn't recommended to catch the knife. Anyway, there's a high chance that bitcoin will rise again and make a new ATH, since the ATH of USD 64.8K this year was rounded and doesn't look like any old ATH.

The current price is still the All time high few months ago if you check price history. This bloodbath is very serious for those new traders that bought on top. But for old traders like me who's holding and buying BTC @10K level below, This current price is still high same as altcoin price since most of it was on the same level as BTC that time. Nothing new, It will recover soon.

If you check the market the bitcoin price is still up to around 200-300% from the old All-time high of 20k$, I don really think that the market price of bitcoin will go down from 10k$ again or just like last year.

I also lost some of my investment because of the dump and this happened to my Future margin as well where it texting you because your future investment is already liquidated, the same thing on DOGE.

But that's the risk of investing in cryptocurrency and we can't always win in our investment, this dump will come in the market that is why I always take profit if it's possible.

A newbie shouldn't do trading if he's not familiar with it. And if putting it on futures, putting himself into high leverage, the likely of being liquidated is very high.

I keep seeing those people sharing their experiences and how they've ended being liquidated. It's good that they can still share it because they have accepted their losses and what happened. But those people that have tried it and then liquidated who can't move on, they're the ones that are unlikely to recover because they are dwelling with that mistake and experience.

Well if you are looking into several projects that have the potential of creating profit, --I highly recommend investing in bitcoin is always the best way.
Most newbies investors come just solely of making profit, they never think about the possible risk and consequences that waiting ahead and now here we come, there is a massive correction and I think everyone begun to panic and selling their holding thinking that it is time to divert their asset into cash but the fact, --they already accept their losses. But I agree that this is the right time to invest and take advantage while the market is a dump and the price of all cryptos are quite cheap compared to when there is a bull trend.

Billions of money got liquidated instantly in the past days, and that’s why many loses their money since the market is down. I don’t know why newbies do futures while they still have a limited knowledge about trading, that’s pure of greed to me and this is the result of that. This is a lesson to everyone, and take this opportunity to buy good project and hold until the market recovers, I don’t mean that futures is not good but make sure you do this based on your experience and knowledge.

Its really frustrating to see a notification that your position got liquidated, that’s the problem if you didn’t monitor your position and if you do take the risk on a much volatile trend of the market. If you lose all your assets, that’s fine because you can’t do anything to recover it, just accept the fact and continue moving forward don’t ever think to do bad things because it can’t help. Futures are for those who are willing to lose their money, not to those who are just hoping to make money without understanding the risk.

Very well said. If you are not ready with the risks involved in futures, just opt for less risky position like the spot trading. And these days, it seems futures is not a very good idea to venture with. Many people will curse the crypto market after this bloodbath because of their losses. But it is not the crypto market's fault on why it happened to them. This is normal correction in the market after such long duration of bullish market. So if you are not ready in this market, just keep your fiat or stablecoin in place.

We all have to deal this bloodbath and its up to us how we will work things out despite of the dump market. This is definitely not new to us as we always experience bear season after its long buying and market profiting.

The newbies might see this season as a threat to loss their investment but for us the old and strong hands, bearish season will always bring us new opportunities to buy and sell them at its top price. If you can't handle a single correction, i think crypto market won't work out for you.

Oh yes, Too many traders were being liquidated lately because of bitcoins big movements. Even if you're on altcoin, You will be affected if bitcoins crash. Those who experienced the 2017 crash will feel nostalgia for sure and as of now, I can tell that most of them left their position or put their money into stable coins for now to avoid the expected market cycle.

If ever 2021 crash victims experienced a bull run again, I hope they know that it will happen again and they should be ready.

You are correct, this current situation is not yet a bear market, because a month ago, we only looking for 20Kusd for bitcoin, but look at bitcoin now, it's around 30-38K, maybe some could say that it is bearish because like me, I bough in high price, so for me to recover the loses if I sold my coin, I'd rather to chose to hold it until such time the price goes up.

That image reminds me of what I got in a few days ago when I tried to make future trades.
I got a message on my mobile phone about liquidation on my trade because I lose the trade.
That makes me sad because I make a mistake in analysis, but nothing I can do about and I can only take a break for a while instead of depositing some money to the future account.
It feels sad and makes us lose, but I am sure that we will have another time to recover.

This is all good advice and most people know it, but the issue for me lies even further back than this. And this is in the expectation setting. Expectations are all completely wrong. They see it as money making and profit and stuff.

They can always seek knowledge (I actually doubt skill because you can't really learn to be proficient in trading, just in using trading tools) but if you don't solve the expectation issue they'll always get it wrong right from the start.

people to be frustrated when they loss a large amount, especially when the money used is debt
while those who use personal money seem less panic and waiting for the right moment to take profit

We will always hear this kind of stories especially during the bull run, some people will lose, while some people will make money. The sad reality is there's a lot of newbies who are convinced that trading or investing is profitable, but in reality, it depends on your knowledge and skills, and it's like gambling where one could make or lose.

Yup, newbie who are so aggressive lack of knowledge but only guts, they are the one who've become the milking cow of those playing around the market. The problem is, some of these newbies are victims of so called hype in social media and they are the easy target, we all know that in trading, someone will lose and someone will gain money from losers.

yes it looks faintly like gambling, but I don't call it that, this is a trade where we trade and expect big profits but trading also sometimes trading can also bring losses, which is normal.  like what you say they lack knowledge and are too reckless they only think of big results and don't know how to analyze it.

I have been around for three bear runs right now and I can handle all of it without any problem. I was here when that 2014 drop happened, it went to 1400 dollars and I thought to myself that I am rich beyond my wildest dreams, then it crashed, then 2017 happened and I felt the same thing, it was nearly 8x higher than the previous one and I believed I would never have to work again, then we had this one which peaked 64k and I imagined the same thing.

Whenever the price goes up I believe I am going to get rich, I make calculations on "if this keeps up another year I will be super rich" each of those times and at all those three times I end up with just a bit of profit, I am happy that I am an early investor for many coins and made a good amount of profit that allowed me to buy some vital stuff for life, but I am not sad when it goes down. Happy when up, normal when down because that is how it should be.

I got asked by my nephew on Sunday how he could buy some bitcoins. He is 14 and wants to trade with bitcoins. I had no idea that he even knows what it is. After a little bit of talking I realised that he had no really idea what bitcoins are or how to trade them, but he heard from others that you make money with bitcoins. Had to promise him that next time I buy some o would buy some for him too as his birthday present. I think at 14 you are just too young.

Many people are still lazy to gain knowledge first before engaging themselves in crypto, then if something unexpected happen they will find someone to blame or spread rumors that they got scammed for investing in crypto. This is the problem you might face if you didnt follow the simple rule before starting your journey in crypto. Knowledge and understanding are a must to be aware of what to expect because you cant expect for the situation to go as planned.

There's no guarantee to gain but you can always have a high chance to earn if you know what you do and knows how to deal with different market situation.

Maybe it's not repeatable moment for those who depressed, most of them are newcomers to crypto and was get hooked into crypto because they saw a lot of profits that people made in a short time. I was also one of the people who depressed when market crash in 2018. So right now is the 2nd time for me and i'm getting hype for buying more and wait my profits in the future years

I think you explain to him the investment things to use for trading because he needs to learn more about trading. Maybe you can teach him a little about trading and explain the danger of trading if he does not have the right skills to analyse. It is a good idea to teach young people to know about bitcoin to prepare their future better.

A rebound happens in every major drop, this one seems too quick and the consequences are more severe than the whole of March 2020. We cannot determine if the bull season continues or not because of the drop. The price is always showing signs and if Bitcoin does not return above the $43k, $46k resistance mark, it will be difficult to guarantee the continuation of the bull run.

don't expect instant profit in the crypto world because it takes a process. if people haven't even studied crypto well and started trading right away then that would be self-defeating. this is what often happens to new people who want to immediately get big profits from crypto without adequate knowledge. therefore it is important to learn little by little because in addition to knowledge, skills are also needed to be able to analyze the market well.

The inexperience of newcomers to the crypto world is indeed very painful because of their lack of experience in trading, everyone will definitely feel the pain of losing assets if they experience a loss, but all must come back again to increase research at every step and stage.
experience is what keeps people going and continuing to learn.

The problem is binance lagging when dumps happen, its somehow prevent many people to cutloss their position. In my case, i only can save 10% of my margin when the dumps happen.
Its not a good thing for the biggest crypto exchange, i will stop trading until that thing fixed.

I dont think newcomers play with future, most of them only hold position on spot.
The problem of Future currently is market didnt ready for the huge traffic when dumps happen, most of them liquidated without any chance to cutloss it.

Its true, also many position opened because many trader try to open position in some of supports, and when dump happen it opened then liquidated very fast.
Its like throwing money and you cant stop it.

all that happened very naturally. everyone will try to save their money even at a loss. And most of them will build their investment and trade again from the ground up when the market actually shows a good signal to buy.
we will never know what could actually happen in the market in the future. but a longtime trader and investor must have experienced the hard times of the crypto market.

Even with a less experience in trading newbies usually trade with a high leverage trading thus got rekt easily they never consider the high volatility of the price but throw in their funds in a bid to make huge profits whereas they lack all the necessary skills to achieve that having been convinced with fake and photoshoped trading results found on social media thinking that trading is very easy and profits can be earn cheaply, this is a wake up call to all intending new crypto traders to follow the learning process in order to be a successful trader.

We cannot totally say what may happen in the future, but what already happened may will have it's way back again to that situation which is just a normal thing in crypto. What we need to do is ready ourselves about that thing in order to avoid worries, negative mind and not to panic when experiencing it again.

Its not naturally, if the trader can access Binance faster, they could stop its become liquidated.
We need a better platform for sure, Binance not ready for huge traffic, or its Binance strategy to take profit from liquidate trader?

There is really a weird period in crypto world where people actually did made profit instantly and that is why there is a shocking amount of people who think that they could do the same thing because it did happen and it is not a new thing and it is not an impossible thing that never happened before. It can happen and I think it will happen again in the future when we are hyping.

I have seen a friend turn 700 dollars into 40 thousand dollars with one leverage, it was the most stupidest move I have ever seen, he doesn't know a lick about leverage trading and yet he still somehow made that kind of money. So that is why I think there were people who ended up doing the same and lost a lot of money because it was something that happened but it was a very rare thing and not really happens that frequently.

I do not understand why people who do not have the proper training or the knowledge of high leverage trading do end up doing it. Like what's the point of it. Just because I know what basketball is, I do not sign up to play for the Lakers do I? Not that they would get me obviously, whereas you CAN do a leverage trading without knowing it, but it would look silly right? That's exactly what's going on, people who didn't studied and learned about leverage for years and years end up doing it without knowing how it exactly works is exactly the same as me putting on a jersey and going out to play for the Lakers in the playoffs, there is ZERO difference between them.

The level of difference between people who make money from leverage versus people who are very new to it is exactly the same as my basketball talents versus Lebron James, which is why if you are noob on futures you should not do it but somehow they still end up doing it just because they can.

Yes, there are many new users taking interest in trading and crypto but first they should learn basic things about crypto and Trading. They should learn which time is good for taking entry and which time is good for exit from market.

Thing is some people expect too much from the volatility of the market. Trends are being forgotten that there will be times that top coins like Bitcoin would be stuck or stabilize at certain price range. Felt that when it was 7k-ish in 2019.
There are newbies that aren't even familiar with the bearish side of the market.

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Cool meme there, OP btw.

This is why i dont like trading futures. Cryptocurrencies it selaf is very volatile, it could goes down or up 50% in one day. Even if you only use 2x margin trade you could possibly liquidated when the market crash. And i dont even have a ball of steel to do that. People who did 50x margin is more insane. When its down just 3% it will be liquidated and lose his money.

This is something that happens to new traders, they do not understand that just as leverage can increase their profits it can also increase their losses and they can lose all their money in a single movement of the market, and doing such a thing is not trading that is gambling, after all if you actually had a way to earn money from the markets then you are not going to have to take such high risks as you could play your trades in a conservative way and still earn money, so unfortunately while I do not like people losing money this was going to happen to them eventually.

For those people who still crying because of their decision they just need to blame himself because he spend money they can't afford to lose and maybe they just follow the trend to invest without 0 knowledge about that coin they invested in.

Futures trading is a lot riskier and takes a good analysis and strategy to be able to gain but the recent dip was unexpected and many traders lost because of it. This is crypto, bad or good can happen people to lose a lot of money if they poorly manage the risks.

If you are futures trading crypto you can't be mad at any result that happens lol.  That is like risk on top of risk.  I wouldn't be able to sleep knowing I could be called right in my sleep before I even wake up.  Can't hack the downside then DONT DO IT.

But its the easiest way to earn profits, surf the trends even if it's very risky.
Also, My only way to interact with market recently is only on hold on spot, dont do any trade on leverage trading because market can flip agains you anytime.
Of course research is a must, but nowadays influence sentiment can trigger market too.

We can't predict what things we might be facing for the future, but we are still hoping that everything will go with the flow just like how everyone wish that everything about crypto will be back to normal to a nice process. We will just need to ready ourselves for what we might be facing especially these days in order for us to avoid negativities and must expect hard times in crypto market for it is it's flows and accept if it will happen again. No one want's it but this is the crypto world, expect everything happened but don't lose hope.

Right. However, how to convince a person of this who does not know anything about trading, but knows that Bitcoin Ethereum and other coins have made x2 or more in a certain period of time?
Plus, some people will tell him that trading is easy. Therefore, until an individual experiences the bitterness of defeat from trading on his own skin, he will not understand how to cook it.

Absolutely agree! Trading, especially with futures and high leverage, can be a tough game. Newbies should take it slow, learn the ropes, and avoid diving into risky waters too quickly. It's unfortunate to see people getting liquidated, but the silver lining is those who can share their experiences and learn from their losses. It's crucial to accept mistakes, grow from them, and move forward. Dwelling on losses can hinder recovery. It's a learning journey, and resilience is key. 💪📈

Futures and leverage trading are risky business and people should not venture towards it unless they have plans for every market movement. A good trader should have loss stopping strategy and know where to book profit. For lesser risks, it's better to trade with your own money as even though the price crash, you'd not be liable for more than your own money.
Investment on the other hand is a much laid back approach towards crypto. You don't have a loss until you sell for a lower price than you bought. Historically crypto always had been on upward trend and having patience in investment would pay sooner or later.

I appreciate your advice on futures and leverage trading. You are right, they are not for beginners and they involve a lot of risks. But I also think they have some benefits, like leverage and hedging. Leverage lets me trade more with less money, and hedging helps me protect my spot position from price drops. Of course, I always have a stop-loss and a profit target in place, and I never risk more than I can afford to lose. I respect your choice of investing in crypto for the long term, but I also enjoy the thrill and challenge of trading in the short term. To each their own, right? 😊

One of the things that people should know before jumping into the crypto space is absolutely about the risks. Futures trading is an extra-high-risk way to trade that can bring you either prosperity or poverty. Don't pamper your greedy side, people. You really need to be in your cold head before deciding to use a certain strategy in the crypto space. There are many examples, and many people share their bad experiences with crypto too, so take a lesson. Don't let you experience it by yourselves.

Leverage gives users to trade with the money they don't have which can end up positively or negatively but I will always prefer the spot trader over anything because its our money so we can make the decisions with no extra fear factor but when we are doing something that is not our's we always be very careful and not to take the risk even if we want to.

However I guess you have the experience of how to minimize the loss in case it happens but generally, people aren't aware of it and just go all in when they hear they can make more money which is wrong in my opinion.

We need to understand that future trade is not for everybody. It is good for us to know what we are doing and we don't have to do things that would cause problem for us in the future. Trading has risk management that we have to abide to by all means and we don't have to feel too greed to make fast profits immediately. It is good when we organize ourselves and put and trade in proper consideration on what if the market go against us, what do we tend to lose in a long run.

I like long term trading. And I still respect short-term traders like you. You have the advantage of buying several altcoins that have the potential to rise and then selling them at a certain price. This cannot be done by long-term investors because investing in many altcoins for the long term risks losing your investment funds. Because not all altcoins can last several years (Dead Coins: Over 50% of Cryptocurrencies Have Failed (https://bitcointalk.org/index.php?topic=5482067.0)). Long-term investors can only invest in certain coins that have good fundamentals.

Crypto trading can certainly have a bad impact on anyone who doesn't have the patience, knowledge and skills.  Many people suggest that before deciding to start crypto trading, they should invest a small amount of money first and choose a type of coin that is already popular.  This is done so that they get used to it first and can read market price movements.
Of course, the feeling of frustration due to losing a lot of money in trading is not only felt by novice traders, this is of course due to being too hasty in making decisions and not having extra patience in trading.

It is true that trading might be more risky than simply investing.

I believe you need to be really interested and ready to learn because it is only that way that you can truly appreciate what trading is. Trading is hard and most of the time you might even feel like you do not know what you are looking at and you feel incredibly lost. I personally tried learning about trading but I knew that the most important thing was lacking and that was interest.

Trading is complicated and often requires critical thinking skills. If you are not 100% into trading, you might not be able to see successful results. No one can accurately predict the market but a trader can still make educated guess based on historical patterns. Along interest, you would also need patience. It might take you a while to learn about trading or see any progress in trading but you have to fight through it.

Most importantly, you should be level-headed at all times. Never let your emotions run your decisions because nothing good will come out of it.

Yes, self-control should also be applied in order to minimize the risk of loss. This of course applies to a trader so that he does not make decisions with the wrong steps because he feels frustrated at not being able to control his emotions when he sees price movements that are always decreasing.  This is where we must be able to apply patience, skill and also self-control in trading in order to further minimize the risk of loss

No matter how skilled or how equipped you are in trading, bitcoin investment is still the best investment so far compeard with what op meant.

These margins doesn't seem important, what's necessary is your initial capital. Cryptocurrency is not for the weak, like I said, only the strong and wise do survive in the space. It takes only a legit on-time information to generate gigantic profits in the system. Liquidation comes when you do not trigger the market with the appropriate entries price and watching yourself behind the heavy pumps. Why are you focused on the negative side? Instead look forward to the brighter side where we would witnessed the top bullish run and watching our portfolio multiplying in huge figures

For me it is even the opposite of what you do in futures / futures trading, because this instrument also helps those with small capital can trade with maximum potential, sometimes people only focus on the results of one trade but if there is a win rate and accumulation maybe 1 week / 1 month can be 8:3 maybe the final result on trading is not as bad as others. As you mentioned that leverage is created very useful this simulates the sensitive market, although I entered 1-2$ but it was a pleasant penetration sir ;D, I try to enjoy with the capital I have, I believe that the price history in the past will always come back. Although I trade futures cheerfully but I believe everyone has their own way of trading crypto including new instruments like this. this is a unique method that allows unlimited.

Capital and self-confidence if combined with experience and good risk management will certainly be the maximum profit, there is nothing to lose as long as there is revision and learning every time you trade and have a strong desire and blend with the moment, loss will come if only occasional trial and error and burning guts with arbitrary entry without analysis.