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Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader .  Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much

Yeah it can take aquite a while to get familiar with what to pay attention to, what to notice and how to develop a strategy.

I doubt any resources can really help you speed up the learning process too as most of successful trading is recognising things you've seen before and determining how likely a swing in either direction is. The most you might get from a book is some ta stuff and risk management (but realistically putting more than 2% risk of you're deposited amount on anything is high - unless you're just holding/accumulating).

Short time trading doesnt pay much?  You are wrong on here on that one buddy because if you do compared  out the profitability between the two then you can really tell  on which one would be worth of and this is one of the reasons on why people do go on active short trades rather than on just simply  holding.

1.They dont have the patience to wait up that long.
2.They do need to roll up their investment fast.

Yes, it does have cons  but you wont able to know if  it does work or not on you if you wont try.

What's a positive mindset when it comes to trading? Mindset that you will profit? Isn't that kinda emotional if that's the case and traders should leave them out right? What we should aim for if we enter trading is a calm mind but that's easier said than done.

I don't think that the positive or negative mindset affects the trade so much that the trade is based on it. "Before", I am a negative thinker before and whenever I trade, I don't really expect to gain profit from that trade. All I know is to execute a trading order and nothing to be expected, If I win from that trade I will surely be happy, and If I lose It doesn't really affect me much. It also helps me become careful on how and when to trade so I think that kind of mindset is suitable for me "before". All of this is when I am new to trading a few years ago.

But if its done well then its really worth to test of and to mind that there are two types of investors which are ones who do held for long term and the one who do actively trade because they do like to make their capital grow
in shortest time as possible.Its not really that a hasty decision since you can still take advantage on it depending on how you do make your trades.

Desperation is something that could either give out positive or negative impact. Desperation in mix with some dedication is a bit good since you would really be that consistent but of course it would be needing that learning
and mistake realization overall.

Almost all traders have experienced failure at some point of their trading, whether small or big losses. With those losses, they learned their mistakes or where they made it wrong. Only experience can give the traders the real tips and tricks that they can use throughout their trading journey. For me, it is fine to make mistake in trading, because that will be used by yourself in your future decisions.

Making money takes time and those who make money instantly don’t know how to multiply it and because of greed, they’ll try again until they lose that money and that is because of their ignorance and lack of knowledge.

We should not rush things, in trading we value the time and we analyze the market but that doesn’t mean we are going to make money instantly. Always have your patience, understand the process, and be confident every time you trade, this is where real money came from which you’ll value later on.

For the long term, there's the strategy of holding. It's also the same as trading but you only sell when you see the price goes on the price that you desire and you don't have to be engaged in trading from time to time because you only need to wait until the right time comes. You're right that in the long term, there are more of those matured traders and they're no longer affected by the FUD and bad news that everybody sees from time to time because they're coming no matter what your stand is in the market. And as a trader, you can still earn short-term and make money from it but how sure you're with your strategy that you can make the most of it? unless you really are a professional trader and got a lot of experience and you know how to read indicators and charts.

There's nothing wrong with our aims to generate quicker profit, but using short time tradings isnt guaranteed to provide us certain profit. But we have to secure an asset which could brought us up to brighter future, as we decide to hold foe longer terms. I was once did a failure upon holding a token that doesn't even grow after an ico, so I made my choice to choose potential asset that's listed and active at trusted exchanges.

I hope that it can be realized by those fainted hearts and to think that trading is not a tool to make us rich instantly, but sometimes this could bring us losses very quickly. Because we are too positive with the results but still we can never expect that it went so well, losses will certainly be happening to all of us as a part of trading. If we can understand the situation, it is for sure we know that profit can't be obtained without sacrifices and patience.

Learning will takes time, and so the profit will follow next. So it means that if you start trading now, you can probably make decent rewards a few months later, not by tomorrow.

Of course we can achieve our goals when good coins was accumulated on our holdings, but thinking about decent rewards after months can't be certainly meet. Sometimes it might take about years before you really feel the benefits of your investment, because market usually recover slowly. Maybe during bullrun months, but in reality hype was only a trending situation which people believed we're already experiencing bullrun.

There is no success in short or long holding assets when it comes to trading ... Because it both gives a profit if your decisions are in line with what will happen at the right time and the opposite can also happen if you make a mistake in choices you make.  Many lose money from HODL due to the expectation of a big return and some make money somehow in a short period.  Most important of all is that you know the risk you have entered and you are aware of how the market is moving, you should also always be updated with news and new trends.

Learn to be friends with time.
From my two-year trading experience, long-term investment is much more profitable than short-term investment, and it is much simpler. When I first joined the cryptocurrency industry, I couldn't help but frequently operate it. Since I bought it, I always looked at my account balance, and I wanted to make money right away. This makes me very anxious. When it loses money, I sell it immediately. It appreciated again after being sold. Frequent short-term operations not only make no money, but also lose money. Later, I learned to trade with a long-term perspective.

Cryptocurrency trading is not a game, it's about real money. So hopefully every beginner to understand it first. long-term trading is suitable for beginners so that it is not too much of a burden if you jump straight into short-term trading. to start short-term trading we can learn with a demo account first or use a small part of the capital we have

But I suggest not to carry the burden if you think it was not suitable with your capabilities, it is suicide. Some just try and later on, they let it go knowing that they are incapable of doing it. To learn trading is easy but to accept losses is pretty hard because nobody wants it but this literally we have to experience it can be today, tomorrow, or maybe on the following day.

Yes you are right for this, but to be maturity trader must be willing to always learn from many sources,

Your statement is not always true, there are also traders who can earn a lot in a short time, because long-term or short-term it is more up to the style of each trader and also the expertise of the trader

that's easy to do. it doesn't sound like we need a shaman for a guide. there is nothing else to do for our minds to be in the positive direction. from what i understand is that he meant to be a swing trader rather than become a day trader which is harder to learn and make money.

this i think is about the personality of a trader. if he likes adrenaline rush,  he could become a day trader which he could do some risky investment, do binary options or the risky margin with about 100x leverage in a 1-minute TF.

Yes, I strongly agree.
It takes time but if there are stories out there that was made to a blog to introduce a speed trading profit those maybe lies for views and ads or just lucky traders that sold at the right time.
It takes time and effort from monitoring the market, looking at history, learning how it reacts to different social media blast and more.
Short-term trades are already riskier right now when volatility becoming higher. I guess it's because more people are trying it that's why high fluctuation rates are happening every minute.

Face it all of you,,, not one of you was built for trading. Learn another skill,,, or improve the one you already have, most likely the job you are doing now is the one you are already good at and can improve at. Earn more money, live a better life, improve and educate.

On the side, you buy Bitcoin with Dollar Cost Average strategy (look it up).

tldr; short-mid term trading/investing is not for everyone, but it can also be very profitable if you know what you're doing; and that's a huge if. Short-mid term trading simply requires A LOT of psychological experience to be able to pull it off, whereas most people are simply incapable.

Many traders are trying to chase the profit once they got profit before. They forget that the price can not still increase after reach the high price because the price can back to the lower price and adjust price for a while.

If traders can calm down in trading and not thinking about the profit, they will see their chance to continue trading or need to leave the market for a while. Maybe this time is a good time to buy coins but to make sure, you need to analyze more.

OP is absolutely right. And I think everyone should be aware of how difficult to make money from trading. And this is also why only a few people become successful in this field where many just lose and stop trading. I can really imagine the sacrifices and struggles for those who survive. If they don't have a positive mindset, I'm sure they also give up after suffering losses.

I could say that those who come for short-term trading will likely are not to succeed but those who aim for long-term trade have more chance to win. And why? it is because the market recovery couldn't be made so fast, that it takes weeks, months, or even a year.

One of the common mistakes of traders that fail is being impatient and seeing crypto trading as a shortcut to success which only leads them to disappointment in the end. Trading is a long process of learning and it isn't a shortcut to success because there are still lots of risks that we have to face. If our mindset would focus on gaining profit without learning and adopting the changes in the market, you'll surely lose and have regrets in the future.

Desperate investors commonly are the losers in this market because lets admit that there are no specification when the market will grow or will continue to fall.

if you invested in this market you must be sure that you can handle all things that will come your way specially the dumping and the lowering of the amount in fiat of your crypto investments , because in short period of time market will go around either in favor you or out favor.

Wrong , there are strategies to use in putting our money here.

- There are Long term holding in which you are mentioning.

- There are Semi long term.

- There are day trading.

- There are Arbitrage .

and some other strategies uses to earn .

But the best of them all is of course you must be ready for long term holding , if you fail in your short term then expect to keep them longer than you expected.

Disagree with the title all the way, don't make stupid decisions just so you can make an earning if you have all the choices available and you were raised to know what's right and wrong but that will only apply to some people that have the privilege, unlike those who are from the slums, the unwanted ones, they get desperate easily especially if starving is going to be the cause of their death, think of them as wounded animal, they will do everything and they are unpredictable when they are put into a corner.

Chill out in this statement, OP. I failed back in my first few day trading days, but the profit was surely gonna be continuous there if I just kept it up for few more. It was just cents but if you continuously save that up, imagine how much profit you got in that day.
In long-term investment, you are kind of waiting a "fixed target price" before you sell.

I agree with you @Op desperation only ends a trader in consistent loss take out time to learn the skill then practice with demo until you are good enough to handle live account. Every one has the tendency to succeed in trading but it takes a more deciplined trader to get the right concept and make good profit.

Slowly but surely does work on this market but dont always anticipate nor expect that you could profit or make greens from time to time.Therefore, consistency would be the main key on here and desperation would really create that kind of motive which would result into actions which shouldnt supposed to be done.Fix up your mindset on how you would gonna make profit on a non rush way because hurrying up
will really be pushing you to done things which arent that good or suggested. Take it slowly and you would be good as you go ahead.

You did explain it great and i am agree with you.
A trader’s only fear is desperation and greed.
If he always be desperate in making huge profits in small amount of time, then ultimately he will face losses.
What he can do instead is wait for the right time to buy and sell and gain some proper information about the market.
If he overcome the above two mentioned things, then he can surely make good profits.
Hope this add something meaningful to the OP.

Yes you are right. Cryptocurrency trading is not an occupation for everyone, or for successful trading, I would say you need to have a special mindset. The fact is that when trading cryptocurrency, you need to be able to make quick decisions, be able to analyze the market situation and try to anticipate what will happen next. Such a mindset is far from being common, and I would say it is generally a rarity, hence the majority of those who lose money. I have traded cryptocurrencies and I know how it works, while I know people who would also like to trade and earn money, but they are afraid to even register on the exchange on their own, what then can you even talk about? So cryptocurrency trading should be done by people who understand the complexity and responsibility of their actions.

To learn about trading is our responsibility if we would like to become a pro trader, we can let other people do that but by just ourselves. That is why, if we plan to become a trader it is a need for us to set a plan, to define what we really aim for. I know we are here just for money, to make a decent return is what we want to achieve but can't be denied that not all the time we are too lucky nor the market is going up.
Earning money in trading is not impossible but indeed, it was not easy as well. If we are not able to achieve it on our first try, we still have a chance on the next try.

It is not easy to profit from trading because there are many things you need to learn to know how to trade better. Sometimes, short time trading can pay you a big profit, especially if the bull trend is coming because that means you will see the profit will come to your coins. But if the market is like today, I am not sure that you can make a profit unless you have skills and know when to trade. If you can learn trading from many lessons, I am sure someday, you can be a pro trader.

Hate to disagree but short time trading can make you money if you are patient enough to watch the price movement everyday, I think that you will be able to make money out of it. Of course you are right that we shouldn't be desperate about making an earning since there's a likely chance that you might mistake in your haste to make a profit but saying you can't earn in such a short time isn't really true.

According my 6 years experience only i can write about trading and crypto investment is that there is no secure way to make profit. Short and long have good and bad things and no rule at market. Cos crypto is not predicable so invest smart, dont invest money you cant afford to lose. Simple. Regards and good luck.

Yes, really emotional attitude in this matter is very important, because at first, if you do not choose the right trading strategy, then you can drain your entire deposit and withdraw into yourself, many give up this business without even starting to trade. There is no need to despair, you can cover monthly trade minuses with one deal.

I would have to disagree with OP too. Short time trading can bring profits too if a trader knows how to handle and make wise decision. Also, going with the flow of the trend can be such a huge opportunity to make money in just a short span of time. Desperation in making a living can come at a cost of making unnecessary and bad decisions because of too much eagerness. So, determination is what we must all possess instead of mere desperation.

by continuing to practice then a newbie will become a master...

it's true that crypto trading is not a kid's game, it's good to keep learning and trying to gather experience so that the mind is more mature. For newbies, it is highly recommended to do long-term trading so that you don't just cut losses.

I think some traders fail to earn  profits on short term trading because they don't have the knowledge and skills to do so whereas there are other experience traders who trade on short term basis and are making profits consistently especially those that scalp using high leverages on future trading, this style of short term trading is not meant for everbody especially newbies who want to become rich quickly or overnight. Traders suppose to research the type of trading that will fit their style either long term or short term, I will advise newbies to opt for long term trading so as to have enough time to analyze their charts and steady movement of prices in higher time always quarantee profits if the trader is patience and avoid greediness.

Trading isn't easy to make a profit we know that thing because the market is unpredictable and I think there's no such rules to follow as long as you have a trading plan you have the potential to gain profit in the market.  Those consequences might occur unknowingly so you must be prepared for it whatever happens, instead, learn those mistakes and don't let will happen again.

All I can suggest here is don't be harsh in making money in trading if you don't have enough skills on it, I prefer to have an investment in the long term for the less risk but of course, not the same potential of gaining profit.  Knowing the fact that trading isn't a game or a job but it's a sort of gambling that anytime your money will wipe out in just a matter of a short period of time.

This can also be another view of the matter, more precisely, we are talking about the objectivity of making money in the short term when in many phases of the market, an uptrend becomes prominent and short-term investment for profit becomes easy, a few more special cases are professional traders with their ability to read charts, using margin mode to make money in the short term. Mainly perhaps this topic is aimed at inexperienced investors and not yet firmly grounded in the concept of trading

But there is no way that someone will not think of profit even when hodling some coins. Trading is difficult but to hodl is easier and you can still wish for profit because that is the essence of hodling the coin. Only to say that many people are greedy to expect very high profit when price have even gone high they still hodl until bear drops it down to nothing and they go complaining while wise ones sell off to buy from low.

talk about making money everyone will not despair. because the first rule is money becomes an important allowance in carrying out life and buying daily necessities.
when he feels he is not currently making money in crypto, he will look for money elsewhere. crypto is only an alternative, and not all alternatives give satisfactory results.

and to achieve big profits, need to sacrifice time, energy, thoughts and capital.

I agree with the statement of being patient when going into this crypto market and not being hurried up when in this market because it will drive the panic situation and also decision.
Trading doesn't also only need patience but also smart and wise decisions, the right strategy based on the current market.

But, I don think so about this:
This is not always going so. Long-term investment or what we can say as holding may indeed provide high profits. But this also has a high risk too. Moreover, we must really not use the money for a long period of time, at least 5 years or more.
And who said trading did not provide high profit?
Look at the laily traders. Daytrade also provides high profits as long as we can manage our funds, strategy, and also control our emotions in trading. Because daytrade requires patience, tenacity, policy, intelligence in reading the market every time. And this can also produce a lot of profit.

If in my opinion, the key is not on how long we saved the coin. But how good the coins we take, how effective and exactly the strategy we use, and how good we take risk management, funds, and emotion.

What if those sacrifices will turn out to nothing as we aim for profit in crypto, like what's going on today we can't have the assurance while market has no good outcome. Sacrifice is just an option by virtue of no choice, because you can't dump your holdings because of lower valued asset. While we see btc was on bloody market, altcoins also suffered much.

Hold is easy but several factors would affect;

-Emotion
-Impulsive decision because of sudden situation changes.
-Desperation
-Impatience

You should get rid because this is the hardest part even just on holding.

yeah, we have another option to make money out of crypto, why we should have to force ourselves into a thing that we are incapable of doing it. We are not just losing our money but we are also compromising our comfort. If we are not good at trading, then we have a choice to find another, maybe outside of crypto.
To find a job or to invest in the stock market. It is very important to live in our comfort zone and we are happy to work with.

Seriously you are really correct with your write up I believe if you are not really in a rush to make money then you are good to go but if you just want to buy coin then in few days you are expecting massive profits that's really bad if you are really expecting a hug money within a short period of time in Cryptocurrency you might endup losing your money but I believe if you are having patience then you will definitely get to your target.

Desperation is sometimes normal in every investors specially when time comes that in badly needed the funds but the capital is dropping or not functioning well.

this will end up the Player will need to sell Low or even at losses.

and besides many of us had already experience this though let us not live with it, losing is normal sometimes but if this happens all the time/ then find other place because this is not for you.

Thinking about profit is not wrong but they need to see the reality about what happened to the market. If the market does not have a good movement like a few days or weeks before, they do not have to force to make a big profit. Making a small profit will be good because they still make money and when the market starts a good move, that will be their time to search for a big profit. That is calm down and can adapt to the current market situation. The hold is not easy as I see many of my friends end up selling their coins at loss. Greediness is one thing that we must prevent and that will make people still hold their coins because they want to get the biggest profit.

I also experienced it, at the beginning of this year, where I still have some ethereum. but out of necessity, I sold it without any leftovers, and in the months ahead, I saw a bullrun happening. if I wish, maybe now I have a lot of money, but that's the decision and the conditions, we can't do much, maybe it's just that

Most people are eager to make bank with cryptocurrency and trading without even realizing that it takes time before one can familiarize himself/herself on which investments are good to take, how to calculate risk/reward ratio, and when to stop for the mean time and calling it a day. I've been with crypto for a lot of years now, and I still can't say that I mastered trading since there are still a lot of things to learn in this field. You need to accept some losses and some wins and be comfortable with the market and how it goes.

Making earning with cryptocurrency is very beneficial for anyone who is just getting into trading. There is a lot of profit to be made as long as you use TA and profit is earned by constantly developing your trading skills and learning where to place order and stop selling. Correct entry is undervalued topic to talk about and that is one of the most important thing to learn while trading. As long as your entry is close to perfect, you will make money in cryptospace.

Indeed! Although I must say scalping is quite a dangerous proposition. Recently when the market went down and fast, people scalping on leverage were sweating because they either have to put more money into their trading wallet to avoid the loss or just accept the loss directly.

Being desperate to earn money in itself has problems and when you are desperate in trading to earn, you already are more likely gambling with your trading decisions.

Short term or long term, one must have a clear vision on how they plan things and what they are going to achieve doing it. If you have a clear path and you even make a few mistakes, at least you learn. If you are desperate for making money and make mistakes, you get more desperate instead of learning anything.

For me though, it's not determination that we need but the opposite of despair which is hope. You are right about following the trend but you have to be careful because there's a likely chance that you might be too late in the trend that you will arrive on the dip which leads to you experiencing big losses.

As it is simply clear that making money is not that easy it takes some time, you have to face some obstacles and also many of the roads will desperate you but it doesn't mean you have to loss hope. We have to try again with a different method and some other possible strategies. This is probably help us.

A wise trader and investor make a good profit the time he decided to put an amount of investment in a certain things he choose to make as its investment because as a trader we don't just jump in to join and follow the crowd because we know how to read and background check the project and sophisticated to check if its a worth it project. Trading in cryptocurrency is not easy but I know that we can be a good trader if we wouldn't fail to feed our mind about this platform.

Yes. You have explained out precisely the thought of making money in short term, considering market uptrend phases. And maybe you are right too that this is pointing to inexperienced people who are indulging to invest or trade.

Well, I think we all have our own perspective, and we can call it anything we want to, but I also believe that we have the same thought after all. I cannot disagree with you that with the trends, one must know how to read the charts and other indicators, to be able to analyze the market situation and come up with a good decision.

Unless you have the right knowledge and experience of doing it. I have seen traders who have made a good amount of money just by trading quickly from one coin to another because they somehow knew which coins were going to go up, which might be a result of their technical or fundamental analysis.

I feel like you might have misunderstood investors as traders. Someone who puts money into a project for the long term is an investor while the trader has to keep trading activity because they don't have a gigantic capital and liquidity (ability to sell or buy coins quickly) is important for them.

Short-term trading gives more profits theoretically but the forgotten fact is that you lose more money than what you made from short-term trading.

Being desperate in trading is okay but if their desperation becomes greed then they are going to be crazy with their decisions for sure and they are not going to make any profits in real life by doing that trading.

For someone who wants to stay in trading and don't want to loss their hope, they can do that. But for someone who have already lost their hopes, there's no need for them to keep on trying because that's already enough for them. They already understood that being desperate in earning through trading isn't for them and all of that won't be worth it anymore if they keep on trying hard as much as they can. But to those who wants to try and they see the potential on this and to themselves, I agree to what you said and that's what they have to do.

Well, if someone can able make a profit and consistently gain profit in trading why would other cant do it?
Perhaps because they are lazy, they want easy trading without having hard research and studying it well, most of them are thinking that trading is just an easy way of making a profit --not to think that it is the same on gambling.
Being desperate is not good behavior, this will lead you lose all your capital and out of control, there should be always self-discipline.

Everyone does have the same opportunity to be able to make a profit through trading, the problem is people who fail in trading, usually people
think trading is easy and can generate instant profits. Even though there are many things that must be learned to be a successful trader, I agree
most people are lazy to learn how to analyze the market and do research. They only rely on other people's signals when trading, so it is very natural
that many people experience failure when trading. Finally, it's no wonder some traders are desperate to make money, even though the way they
trade is wrong and needs to be fixed.

Indeed, in a trade, you can not earn anything for a whole month due to the fact that a couple of deals went into plus and the third deal ate up all the profit. You really need to be patient in our craft in order to start making money, many immediately after losing trades leave the crypt without starting to trade and make money because of their character or upset feelings ...

With such failures, of course, we should be able to learn from it.
if we only rely on other people's opinions without having our own strategy in trading we will most likely not move forward,
what is clear in trading is not easy and we need to learn and do our own analysis while listening to suggestions from other people I think it's much better

I have been in crypto longer than almost anyone here, there are only a handful of people who have been involved with bitcoin as long as I have been but at the end of the day I am a bad trader, I am not really interested in learning how to as well, I tried once upon a time I read about everything I know Bollinger bands and MACD and resistance and support and many other things, I can read a chart if I try hard enough, maybe I will fail but I can give it a go as well as I can.

However I am horrible at it, even though I know how to a bit, I still suck at it because I just can't comprehend it, it is not what I am good at and that is why I end up with losing money at short term trading. This allowed me to make a lot of profit though, how? Because I realized I am not good at it and I ended up using long term investment, the "buy and forget" method and that allowed me to make a good profit.

You are right, being trader make us grow and thinking carefully and predictably before take action. And the situation today make some of us desperate with unknown market direction, no wonder some of trader stop what they do and taking vacation while wait the market give good sign to entry.

the current situation is indeed very difficult to get money,
especially those who have bought crypto currency at a high price will certainly feel frustrated because it has suffered a lot of losses,
even though I bought it at a low price and still profit, to be honest I also still feel frustrated because it has lose more than -50%

It's obvious that mastery is key, most people don't strive to master the movement of the market before there jump into trading, putting  more effort to gather much knowledge on how the market works can be more profitable than just chasing profits, the main problem is that people are more concerned on making profits than even studying the market to be good enough to trade.

It's not that we shouldn't hear other people's opinions at all, but it means that we shouldn't trust other people's opinions completely. We also need
to do our own research and analysis to make sure the decisions we will take are correct, therefore the opinions of others can be used as
a comparison with the results of the analysis and research that we have done. Because sometimes we do need input from others, but we must
wisely accept other people's opinions. By doing all that, our analytical skills should be increasing and getting profit is just a matter of time.

If you engage yourself in crypto (regardless if you plan to become a trader or a long term hodler) its a must to know what you are getting into by filling our minds with knowledge and prepare ourselves for the worse that can happen.

Dont expect that everything will go as planned because we know thats not the case in crypto. Patience and controlling the emotions are really needed to prevent committing a mistake that you might regret later.

Keep in mind that there's no easy money here and it can take a long period to profit depending on the market situation.

There's is no limation if you want to take a trade because it's all about the knowledge regarding the trading many people would like to join into the trading industry but some of them does not have any kind of idea what's going with it even the circulation or the process of the cryptocurrency. In some instances, newbies in trading learn some from their mistakes and some traders learn through the use of the knowledge its all depends on the trader how it adopts the environment to have a successful full trading plans. Again if you are a beginner in trading trade what you afford to lose, know the best strategy and suitable platform for you.

Its called HOLDING if will take long time of waiting mate and not trading.

If this is your view then better leave crypto because if you wanted an easy money then you must learn an Easy losses.

Again Long term holding is far from daily trading .
depend on how good you are in looking and researching because sometimes Short time trading can make you millionaire over a day.

As we all know really well about the quote that 'greed is a curse' , so if someone have more money he don't know where to sell, where to buy and what can do to this money. But on the other hand if someone don't have money he knows well about it. That is the main problem.

You cannot blame other people for being too much eager when it comes to earning but it is really true that you must not be too much desperate on making an earning specially when it comes to trading because many traders are failing into the part wherein they loose patience or they have ignored an opportunity right infront of them because they are too much excited for profit or they are wanting more to gain as their earning. Take it slow and trust the process and just do necessary actions so that you can still enjoy trading while earning despite of the stressful environment as well as a big pressure while dealing with a highly volatile market.

"...Matured mind, bulid up mindser to be patient..." you started with those adjectives or phrases, which are very fundamental in any activity that we develop but without a doubt there are areas or professions where a lot of them is required, commerce is one.

I always maintain that the trade is open to everyone but not everyone can make a profession of it, at least not in the short term, it requires preparation in knowledge and strengthening mental capacity.

There are many people exercising the activity without any previous experience, in their life they have sold or bought nothing from a commercial point of view, some have never even managed a budget, and they want to come to put money in the crypto trade and earn, like everything in probability, some achieve it; luck, others talent but the vast majority stay in the first phase, perhaps the most important that of learning.

These guys leave frustrated, they return again at a certain time due to the good news that is generated in the crypto market and repeat the cycle of failure, only those who return mentally renewed and full of doing well stay.

Depending on the situation. What is your strategy? If you're trading like shit, hodling must be appropriate to you. Cryptocurrencies offer many different opportunities for making money other than simply buying and holding or trading. In case you have not made any money through trading, then you should reevaluate your approach. Trading is not just buying random coins and hoping that they will go up, you must go through with more details and be patient.

You need to step forward and make a better research, buying and hoping that all will ends well is not appropriate, adding extra time in finding and sorting information that will help to properly assess certain project before investing your money.

If things is not working well, re-evaulating is the best thing to do, finding what's lacking and what adjustment is needed to be made.

Aiming and patiently waiting for your goals, it works once you already sort the right project to hold.

Trading itself isn't a child's play. It takes a lot of discipline to be a trader. The kind that, most persons lack and it can make you go crazy when you try and try, ensuring that what your putting in is your best and yet, its not going your way. What could simply be wrong here is discipline. You become so consumed about how much money you intend to make at a particular time frame that you forget to understand understand it is in someone else's lose that you make gains and that someone is some other trader that is also expecting some profits from his or her trading positions. Mind you, there is a lot of professionalism about it and as such, you don't just jump in and start calculating profits, you should be ready for some loses too and how to keep calm about it.

New traders usually never think about losses but probably they are only calculating their profit. In their mind is focused on how to get money from trading and so very unfortunate that they forgot the volatility of the market making them lose easily. It was their mistake why they had come in here and do trading without knowledge and skills about this. It wasn't a surprise that most of these people will lose as they never know what to do next.

Yes, there is the possibility of trading cryptocurrencies short term, but even at that you still need the mindset and to understand that there is risk, that you’re not going to be making profit all the time. And one thing about being a day trader is that you will have to be spending time in front of your screen to figure out where the market is heading next.

Though I have also seen people making use of bots, but I don’t know how reliable those bots can be. As for long term, you don’t have to do much, just buy when the market is very low and then you start to hold and wait for the right time to sell. Now that the market is down, anyone that buys and hold for a long time is sure going to make profit when the market goes up in future.

There's always a risk not only on cryptocurrency market but on other investment as well.Desperation would really led to mistakes because you would be doing such actions without any basis
and due to desperations then those actions would really be done.This is a common newbie  move but as we do gain experience then we would really be that meticulous into our actions
later on since we had already experience on how we've been dumped down by the market.This isnt something that anyone could really dive in without any preparation
nor even realizing on how this market works or moves.

or we can disregard the situation but only depend in our strategy because there are traders that can trade according to their strategy and not by the situation .
 there are traders that trade for short term but i dont think they dont have a patience to wait  but maybe they only got more experience and they want to use every opportunity that they see  .

Having desperate attitude always tend to exist depending on how your funds will work out in trading. These days of bearish market, we needed to consider many possibilities that made your asset too slow to gain profit. While you're still struggling to earn better earnings, entire marketplace price fluctuations remain stable.
Unpredictable signs hasn't yet revealed for now, waiting and patience is our very best keys.

You have to earn consistent with your own capital if you would like to earn more everything are going to be lost if whales affect the market. If you trade with a target you get curious about the trade but the interest isn't so good that you simply will trade with risk otherwise you are going to be wanting to meet it but yes if you trading with a target that i'm proud of numerous dollars per month then you'll trade accordingly but you can't trade with any quite risk to satisfy the target. If you trade this manner you'll definitely benefit.

Some of them get into cryptocurrency trading and investing just to make a quick profit but sadly, most of them fail too. How not, they enter when the uptrend is about to end which makes them panic and sell it immediately because they have no knowledge of long-term investing. Well, basically they can't just follow friends or other people who have gone through a long process to make a profit, they should be more aware of the process so they are ready to be patient longer to get a profit.

There's always a risk not only in trading but also on the other investments as well. Newbies don't really think how they loses their huge profit due to lack of knowledge and they are not that patience to wait for the right time. Having desperate attitude always tend to exist depending on how your funds will work out in trading. Trading is not a game, you need to have enough knowledge, need a research skills to understand everything. Some who lose profit are those newbies. It was their mistake since they didn't even follow some advices and they enter here without any knowledge about it. If they might really interested in trading, they must need to learn everything first next time.

even said a professional trader in trading requires a minimum of 1 year for us to be able to analyze how smooth our trading is. because in trading requires a lot of evaluation and set a good strategy technique. so I think don't despair if the profit doesn't come quickly, stay focused and enjoy the process

The best factor is the experience, it's the major thing that would help you succeed as a trader. Yes, you might be good in theory because you read all the books in trading 101, etc, but it's not always applicable in actual practice and experience would really make you mature and smarter in making the right decision.

I can't agree more. We should take our time as it can work for us. According to different calculations, fast trading is always less profitable and includes more losses than long-term investment . It also applies to the stock market, for example. When you don’t rely on emotions and just follow your long-term strategy you will earn much more and experience fewer risks.

There are fast learner traders that can learn how to trade smoothly within less than a year but I think having that experience for a year, that will make you aware of the sides of trading. A lot of tests have been made and experiences will make you grow through time.

That's right, enjoying the process is the way to prolong yourself in trading. Being prepared with equipped experience and strategy, you don't have to be desperate as you've been through the process, making money as you trade will come naturally.

I have been in stock market longer than 13 years now and I have made some "decent" return, my average is about 12% a year which is not awesome but not horrible neither, it is at least better than the market average during the same period, I was at around 16% before pandemic but this year I have lost way too much and just wanted to get out and go into crypto full time which is a wonderful move, even though stocks recovered, it didn't go up as much as crypto did and I made a lot better profit here.

Whereas I have been in crypto for 8 years and I kept on depositing and withdrawing so I do not have exact number, but I can say that I made over 100% annually because I actually made more than 3x in the past 3 years, I am very glad that I invested during the bear run during 2018 because it allowed me to make a lot more money these days when the price is so high.

Each trader has its own personality and thus has distinct relative performance on different trading timeframes.

A trader who is consistently profitable on a intra-day timeframe might not be able to generate profits when trading on a daily or weekly timeframe.  It's all a mixture between personality, experience, strategy and skills.

Literally patience is one of the key to success, so being patient in the right trade will surely pay off and truly always being anxious of how much profit one can earn from a trade can make a trader take the wrong decision because he will always be in a rush to jump in at any opportunity he sees without evening making some strategies, tryna think of how much you could possibly loose from a trade will kill that haste and make u calm down to take reasonable trades with good risk management.

We have different personalities that's  why we have different takes in any decision we made that's why if we see a discussion the same like this we can always see  that everyone of us have different opinion on some matters. But what matter the most here is  as long as we  are earning fast or slow  its still a good  progress. I don't really believe  on patterns but I'm more in experience since sometimes the one we study will not show and those crucial incident are the one  came so we need to have experience on this to spot on possible result on next time  around so that we can earn with it.

Deep thoughts! Never believe your angry mind or greedy mind it can cause big loss and this has been proven many times. People keep sharing there stories about loosing the mind while crypto trading and this forum is big enough to find such stories. I think even new person should not start trading right away before they read through experience like the one in this OP.
It’s always better to crunch the numbers before entering this volatile market. The thread replies is enough to understand the whole point here.

Despair is the worst thing that can happen to you, remember that when you are feeling that, you will end up with nothing but bad results because desperate measures leads to results that were created due to hasty decisions. Greed can cause desperation so be self aware and be self accepting when falws in you presents themselves.

No doubts that with both emotions things won't workout well with your trading/investment, clear mindset provide enough patience and good assessments to expect how the market will help to pick the right place to favor your side. Keep in mind that if you keep the positiveness upon you stress won't triggered anything to hurt your investment.

Check your self first and always be aware with how emotions swing you up before engaging to this business, it always  best to go slow and have that patience beside you while learning how to run the business the right way.

Desperation is neither been caused by greed or trying to recover on what you had lost because this would just likely in result on losing your money even more because you cant really think off clearly or properly

and since you are on this state where you do focus on how to make more profits or on how to recover losses then you would lost track on things that you should do like following your analysis and more.D

Dont rush up because this would really result into carelessness and you would really be lost on track.

Agreed! Rushing things and not taking the time to understand where your money are invested might well end up in a waste of both time and money. I get that emotions can sometimes take over realistic mindsets and checking on this every now and then can keep you sane and safer in the long term.

It is very easy to get side tracked and greedy and rushed so you don't miss out on something but sometimes taking the time for some dd is worth it.

Yes, because greed doesn't give you much money, in-fact the money you have would be of no use when you have greed. So, the most important thing is that money comes with the time, earning should be there but it takes some time.

Yes, the emotions while trading is number one reason for losing money, unfortunately there are too many people who end up doing that, we should be focusing more about the fact that numbers already doing the talking without we needing to find something, all those emotions do not give you anything in return, it is not a beneficial thing and you will end up not profiting from trading with anger or happiness or whatever emotion you are feeling, most importantly fear.

This is why I think that it is going to be quite difficult for many people, not everyone is destined to become a trader, there are many people with mental problems even if it is not hugely problematic, it is still there and it blocks it.

I for one am a person who have anxiety attacks time to time, this is why I work at home and became a freelancer, that means if I become a trader I am not going to really leave emotions out the door, that is why I became a long term investor.

There are traders that are good in short time trades, the futures trading which is the popular way of trading in short term because it's more rewarding.

But it isn't really for the kids and those that are new to trading, the risk is very high on that classification and OP is right. It's not for those who are desperate to make money.

I cannot agree with you.
Of course, stress resistance is necessary, but in what cases?
After all, all stress resistance is based on how much you are attached to your money.
If, for example, you take a teenager and give him an unlimited deposit, then he will not worry about losses.
This means that your attitude to the deposit is important and not a specific age.

newbies doesn't know the importance when it comes doing trading and they just riding the greediness of some people who are lack of knowledge as well and prefer to ignore the basic tips from experts in order for them to avoid doing mistakes, reasons they always fell to failure.. This is a very common issue actually and until now no one cares about such results because of being hasty but afterwards they're still blaming others.. Lol

Well not all newbies but most of them are greedy I think that was nature as a newbie they really wanted to earn in a disperate way and I knew it because I am once a newbie, I want to earn in a very quick way before without knowing the fact that there was a big risk of acting so desperate for a profit, for now I learn from my mistakes and I slowly change strategy and being calm instead of being hasty is what I am practicing right now.

Confidence is very important and key element in trading with having patience because patience is the necessary element of trading and also i can say that making money takes time, we don't make money everyone in trading, sometimes we will suffer from a loss too.

 Desperate and hasty decisions in life are very dangerous and can be detrimental, Desperation in trading is even more dangerous, and newbies in trading should recognise that decisions made desperately in trading often lead to mistakes that can make you loose your entire portfolio and cause the new trader to be depressed and not want to continue in trading.

Do not make hasty or desperate decisions when trading, always try to be calculative and analytical, the process of making money requires a lot of patience and learning and new traders should be made to understand this.

Calmness and patience are needed in the world of trading. Many people are impatient with making money, and they end up regretting it. In fact, many people always repeat the same mistakes in trading because they are controlled by greed

Many people enter the BTC market with the intention of making a lot of money, and in some cases they want to multiply their money in a short time, because they believe that trading gives money that fast, that's where things start to look bad, and that is where most operators begin to fail.

For many newbies they only follow signals with the intention of multiplying their money very quickly, but it is the worst of businesses, because most lose all their money. To generate money in trading or with BTC, it must be taken into account that safe profits are long-term, and that not everything goes into a single operation, that is why I see trading as a business, where in each operation like this small profits are obtained, but they are profits.

Indeed. They did all their best just to double their money without knowing the result of what they did. When you enter in this kind of platform, you need to know first what is it all about and have knowledge on it. You need to have your own strategy to double your money. If taking risk is your best way, just make sure you manage it in a good way. Being greedy is not good, it will lead you on losing such a huge amount of profit if ever. Calmness and patience is what trading needs. Traders lose such a huge amount of profit because they are controlled by greed.

Short or long term trading is good as long it be done with right person. I don't want to say that this is bad or good because out there, a lot of people can be success from scalping and a lot of people success in investing. Both way will be good if we know anything that we need to know before do trading.

I agree with this mentality, "Don't be too desperate to make earning"

This is the most comfortable and ideal money-making mentality. We are always on the way to learn.

In fact, only if you have the desire to make money can you generate wealth (except for art to create other value and influence). Simple operation in the trading market is the best state, and it depends on the plan we make.

What about "Money dont smell" ? I know there is always a line of what people are ready to do for money and what they dont. But if I will be in a situation, when I'm in desperate need of money, I would use all methods I can do and even I'm inexperienced in. It will take time, but I will learn and get out.

I honestly realized that when you are not working way too hard to earn money, that is when the real money starts coming in. How is that possible? Of course not by just sitting around doing nothing, but only when you do something you really like doing, instead of working hard for money.

There are "jobs" and there are "careers" in this world, realize what you want your career to be and you will be a lot more lucky then just a job, and if you do what you love the most for 30+ years eventually there will be a lot of moments when you will not enjoy it, but overall it will feel a lot a better.

I am a person who always liked writing, I studied literature in college in my nation and now thanks to that, I write for a living and I am quite happy about it. Of course I would love to learn more and get better but I used to work in different odd jobs when I was a student and they all sucked and were terrible compared to my amazing job now.

Short time trading do pay off, I feel it’s all about your level of skills. People shouldn’t do what they can’t do. If you are not good at something it’s best to leave it and go for something else or take a different approach to it,if not you will be ending up with too many losses. There is short term trading and there is long term trading.

So anyone can be a day trader, if it’s working for you and you clearly understand what to do and the right skills to apply, then you can follow that route. And if what you’re good at is long term investment or if that’s what works for you then you can go ahead with it. But that doesn’t mean there wouldn’t be any risks, no matter how good you are in any type of trading, the risk will still be there and you can lose money at times. Now that’s when you will have to apply risk management strategies to help curtail the losses.

Or just holding is profitable in the long run than you to trade with what you've got. You can make mistakes as you trade while when you hold, you're not going to see that mistake unless you sell early. Usually, that's really happening after when we sell, the price shoots and that's why if you're already decided to sell, don't be regretful that you've sold already because that's part of your plan and decision and just be happy with the gains that you make as you sell whether you're a holder or a trader.

People nowadays were fascinated to earn much from their investments, without knowing the risk behind. Being too desperate will probably put your savings at danger zone, because if not managed so well and you applied short term trading with the wrong actions it won't sustain for long time.
You have another options like long term holdings, but patience is the key in order to reach it successfully.
If you can't control your emotions on that situation, I guess trading is not good for you.

Desperation somehow makes you ignore the facts. The things that really do matters and should have been a guide towards you avoiding unnecessary mistakes but, a lot of times, our desire and desperation as to why certain profits ought to be made at certain time off a particular tramlines us in loses.

We tend to forget that loses are a part of investment that is inevitable should you not to have made proper analysis on what your investing in. In investing, you always hope for the best buy still you prepared for the worst as these are the only 2 outcomes that can come off any investment package. Which ever one comes towards you, you accept it in good fate and seek other opportunities, making sure that your situation doesn't make you desperation enough to make rash decisions.

I've realised it with cryptocurrency in particular. When we're in need of money we'll give the best of our learning to make good money. In reality we won't get the best outcome for the efforts made or the predictions go wrong. This is the reality, when we are in desperate need we won't get what we're looking for. When unwanted we'll succeed, but we need to act wise and keep the win out of the trades safe for the next play. Some out of mistake losses it too investing on other cryptocurrencies.

It's seems like you are talking about gambling instead of trading since trading takes patience and self control because of how risky it was. This is how people taken for granted when they have the money they never think about of what will going to happen tomorrow. And when in desperate needs they risk everything without thinking how to minimize the risk instead of adding more of it to straight loss all of their money.

Only the one who has patient and right knowledge can make profit from the market without exerting too much effort such as desperation to make money when the market is not in their favor yet.

If you don't follow the golden rules then you will suffer such failure because from the very beginning we are being advised by tons of members here and even in social media that "Only invest the amount we can afford to lose" meaning that if you are not an expert in this market then limit your transactions and investments or else suffer the consequences .
this market is very volatile and risky and since you enter this (surely expecting to earn big easier) then you are wrong .

Yes, that's right, maybe so far many have failed because of this. It's not that they don't want to hold coins or wait. But due to other factors that might be one of the reasons they sell their coins when they are cheap. It's different again with the context that they sell cheap because the coins are no longer feasible to be able to pump.

You are incorrect on here on that one mate since, in such a case that you do looked at out the productivity between the two then you can truly tell on which one would be worth of and this is one reason on why individuals do go on dynamic short exchanges instead of on essentially holding. Generally significant of everything is that you know the danger you have entered and you know about how the market is moving, you ought to likewise consistently be refreshed with news and recent fads.

Yes I agree with you opinion too desperate to make earning is really not a good idea for me because one of my friend do the same he is so desperate to earn money and his minds think like a greedy his plans are in a greedy way and after he losses all his money. So i think desperate sometimes makes a person so geeedy. 🙏🙏

Short-term trading does not last long if you do not have proper knowledge about the market and the right information you will lose everything this is more common in the case of traders selling increases the price, leaving it decreases. When trading or investing, do not be discouraged and hold on to the long term learn something new about other coins to help you trade in the long run the trader can easily make the right decision if the market moves forward according to the dynamic plan.

Our goal is to make a profit when trading, but we need to control our emotions, so we are not desperate to make earnings. If our emotions are
not controlled, we will make wrong decisions and in the end can make us experience losses. In getting profit sometimes there is no need to rush,
we need to be patient when trading. Don't let greed take over our minds, not a good thing if we trade with greed. Successful traders, make profits
slowly and gradually, there is a long process to go through. Because we can't make big profits instantly.

Indeed. Once you're in trading, you must need to have knowledge first on what to do. Some people who enter this usually give large capital for them to earn higher as they want without even thinking what would be the result of it. Trading without knowing will surely lose your capital. You must need to know that trading is risky and you must also control your emotions especially to some newbies for you to earn. Don't be to desperate, even you made mistakes just let it because experiences will help you learn. Learn it step by step, start with just small capital until you can handle the large capital.

Whether when trading or investing knowledge does play an important role,
when you have no knowledge i suggest don't try to trade or invest because most likely we will lose money,
but it all comes back to each person's decision

Here, I agree 100%, short-term trading pays a little, because in a short time it is very difficult to predict this or that cryptocurrency rate, even if you are an excellent chart analyst. You also wrote about positive thinking, I think positive thinking leads when you have positive deals, it's hard to think positively when you exit deals in the negative ...

It's best when trading, don't rush to use large capital, I agree to start with small capital. Even a newbie can try trading with a demo account to
improve trading skills first, so when trading using real money can be used properly. Unfortunately most people are greedy and want big profits
instantly, which will only cost them money. Make the experience of others who are greedy and desperate to make earnings a lesson for us,
don't follow the mistakes that others have made.

Not being too desperate is like a skill you learn. A lot of people cannot control themselves when they are trading. I understand how difficult it can be, and they always feel pushed. Even when they lose they still feel desperate to try again and recover everything and make even more, which at the end hurts them since they don’t recover it. When you’re trading your mind needs to be relaxed. It’s not something that you stress too much about, you have to calm down and calculate the moves you’re taking so that you don’t make mistake. When you’re in a hurry and desperate you can make a mistake and hit the wrong option.

There are two salient points you made that really struck me! The first point is maturity.  Maturity goes beyond wanting to earn quick money, you also need maturity to move on after a loss or losses.  The ability to start again intelligently require high level of maturity! The second point is positive mindset.  If you are negative about the market, the negativity will blind you and opportunities will pass without knowing!

True.. actually being a day trader is profitable but I think this is also very tiring. Because it takes up a lot of time and must always monitor the market situation. From here sometimes our emotions are unstable due to the effect of price fluctuations. It's true what you said being a long-term investor is the right choice on condition that you choose an established and good ln koi.

It's difficult to see your investment losing its value. Way back I experienced while dealing with my trading, I once panic and lose almost half of my initial capital. Thinking smart cutting my losses and try to divert my money to another asset and boom another panic attack, then lose everything ;D funny, but it's the reality when you are dealing with this business without proper understanding.

Without the right ideas to work with trading or investing, you are doing it the wrong way. Having a clear mindset and good sets of plans while working inside this business will give you a decent chance to succeed. Never to chased the same way fomos are moving, best to plan and observe what kind of investment you'll going to involve with.

Being desperate cannot help us earn. In fact it can make us loss because we cannot make a proper plan because of the desperation that we fell. The only thing that we need to do specially when we are desperate or when we arein loss is to keep calm and have some rest for good there is always another day to start again.

What I notice is when we get desperate to earn a profit on some things we are going for ex. trading we will lose more since the more we pressure ourselves to earn and we became greedy its because the first thing came to our mind is big profits, even though we know the risk of losing but still we push since we want to gain profits and its hard to chase and put double of the amount we lose just to recover back and hoping to gain again that's why we should have discipline so that we became contended and knows when to stop if there's a opportunity to gather or bounce back on next time.

Indeed. Being too desperate just to earn will possibly lose your capital in trading. It will never help us earn. Once you start trading, you must be discipline for you to make a good decision and acceptance for you to accept everything you lose because of your greediness. Maybe we are desperate to earn it is because we want to earn huge profit, that was the first thing comes in our mind once we trade. Even they don't have knowledge in trading but they push their self to trade. Once you start trading, knowledge also is very important especially learning to analyze market for you to make your own strategies and techniques to earn not to lose.

When a despair comes to us of course we can't think calmly,
and it also results in making an inappropriate decision so indeed we need to have high patience that is important,
yes it's a good suggestion with us getting enough rest it will make us much calmer for sure

It will help every individual that struggles. Being desperate gives us the encouragement that we should do better but with trading, this is a hard thing to apply. There's no shortcut to becoming a successful trader and that's why we have to learn from that desperation as it fuels you and motivates you to do better when you're in a bad situation and want to make it better and get out of it.

It includes being calm and that's what those desperate people has to remember. Just because they're in a bad situation, they have to remain calm so that they can trade properly and think wisely.

Really good advice for the newbie because this is what some scammers look for when they want a victim, they want them to be a desperate gullible that will do their bidding. If they don't see those qualities in you, there's a likely chance that they're going to stop and find another possible victim. Of course it's not enough that you don't despair since you could still get scammed. Don't be dumb too and do your research on your investments.

it's true that don't give up easily in the world of crypto. not every day we can make a profit, there will be times when we can get a loss too, that's what is called a game and we must be able to play it well. it needs caution an also patient in it. nothing is impossible here, we just need to be more patient in dealing with the sometimes ups and downs of the crypto market, which makes many people panic and can end up getting big losses. keep calm and do the best that we can.

Yeah, those who are too greedy for money will have a bigger chance to become a victim of scams. Either we are a newbie or not, we should have not to think like this and have to control our emotions because this might lead to the worse end. Perhaps, there is no instant rich nor to earn money quickly, we can just earn it if we work hard and that also it takes time.

i think it is not a game , in investment loss and profits was be common thing and it generally happen to all traders or investors. we must understand our earning not as a game , i think its totally wrong diction for us . In investing cycle, sometime we make a mistakes that could make us suffered loss , but in another occasion we earn money and all if depends on how we analize the market.

When you are treating this investment as a game then you are just simply a gambler because not all would be having the same mindset on how they would gonna treat their investment.
Some are way too serious which is a must but not on exaggerated manner and some doesnt really mind much about having good analysis and just put up and go whatever the results
it might have.Desperation do only comes when you are really eager to make profits which means you do forget that risk management thing and when you do tend to chase up losses
then this is where desperation sets in too.

I lived the same thing back in the day. I was looking to see where the next money will come from and constantly worked tirelessly hard in order to make a living in the crypto world. The moment I stopped and realized that long term stuff are more calm and collected and planned out, the more money I started to make and become a full-time crypto earner.

It is not easy to get in, but when you crack in and become some cog in a machine, you start to realize that you will be doing that rest of your life without any problems at all. Obviously you need to keep your resume sharp as well, it is not easy to keep finding jobs all the time but if you can find it, then you could potentially make it to big league as well and then the rest of the deal becomes easy, because finding a job after you held like 3-4 of them in crypto world suddenly becomes easier.

Common behavior initially when you dont have much experience and skills on where you do make out actions without any basis or analysis which turns out that you would really be committing mistakes frequently.
Dont be desperate specially when making money, dont stress yourself out and dont anticipate that everything would be simple because the reality of this market is something that you cant really able to
sustain if you dont do it well.

Just stick with the basics and further learnings would be gained ahead as you do make out trades or well aware about investments.

Despair makes a person lose his enthusiasm and passion, and if you are a beginner and despair, you will sell at a loss and lose everything in a few seconds. It is necessary to experiment, try, and optimism, which makes any investor has hope and can earn profit, and then no matter how long it takes, he will achieve good profits that satisfy him in the long run. Every beginner should know that making earning requires patience, and the more patient and optimistic you are, the more you will get.

I agree on that we always need to be decipline and keep calm. Because there are a lot of people that loss a huge amount of profit because of being disparate to have some. Fucos and being patience can always help us to earn in trading but our fucos maybe lost because of being desperate to have earnings. So we need to avoid our self to be desperate for good.

In every investment or any trading activity, a person should learn how to be more patient and wait for the right timing to make profits. Its never a good mindset to rush in every thing where in profits is possible because most of the time, its outcome will never turn out positive. This is most likely the reason why people chose to hodl and trade for long term because the profits is quite bigger compared to short term. But i also believe that there are those lucky individuals who got to gain huge profits in short term trading but the risk is very high that's why only few of them have succeeded.

For me, being too desperate to make profits is never a good mindset when you're in crypto. Its like you believe crypto is a rich quick scheme when in fact its not. The more you put an effort on it, the more possible you will gain huge profits at the end of the day. So always make one step a time.

Sadly, that's the truth here. A lot of newcomers in crypto thought that this is their way to get rich quick. But they will find it quick that it is not and then, they will spread fud when they lost their money. And with the thought that they can earn high profit at a short period time, they tend to get sloppy with their decisions and so the consequences are not what they expect. And so most of them quit early and say bad things about their experience. This is why some people are discourage to get into this market because of those negativities, but they are not getting the whole picture of it.

Not that really. I'm holding and I'm mainly in profit whether the price of bitcoin goes lower than what it has right now. Honestly, is more rewarding than doing day trading for me. I'm not a very good trader and that's why I've found myself to be at my best with patience through holding. Someone who's desperately wanting to earn more are likely to do many things and ways that they don't mastered yet and in the end, they're prone to more losses which will make them restart and back to zero.

  Day trading does not mean short profits all the time because there are definitely those who are good in trading and make huge profits even if they only trade in a short term. It might be more risky but somehow its rewarding as long as you know how to do it right when all of a sudden the market crash.

But i know most of us here are really into long term trading as they believe that they can yield better profits compared to short term or day trading. Being desperate when it comes to your finances will only worsen the situation so as much as you can keep calm and wait for the market to give you good chances to earn and not that you want to earn eagerly even if the timing is not right. Good earnings definitely come when you know you are making it out from your hardwork and patience.

But there are more of those day traders that undeniably before getting that much profit, they're always going through with losing too. That's why to me, I'd be choosing to be an investor and holder because I've experienced how intense it is to get some profit as I day. Yes, day trading isn't just all about short term because you can do that continuously in the long run but that's still different from just being a holder and someone who's long term in his crypto investments.

Depends on how carefully they invest or buy coins. If those greedy people are careful enough to decide crypto coins they want to invest in, I think the chance to be scammed is small. But greedy people have a big chance to lose money because they set a target to take profits too high. When the price increases, they don't sell. They want to sell at the highest price. Unfortunately, then the price of their coin decreases, they are panic and sell it immediately. This is what mostly happened to greedy newbies.

You are right about being too desperate to earn in trading, I have found out that its not always about how much you make short term but how you can keep up the energy, Learn from losses and try to improve on your trading strategy, most noobs start trading with the hopes of earning huge in a short amount of time but it's not always that way, trading is not a shortcut to wealth this is one thing they fail to understand,that's why they usually end up losing their money because they try to risk more just to get more reward.

For novices or people with a bad mentality, especially those who are not good at controlling their emotions, this conservative approach is still very right, except for gamblers of course. I am not a day trader or a swing trader myself. I may pay more attention to value and long-term holding strategies. Because my heart is not strong enough.

In my point of view, you should only get money if you acquire patience. Tolerance is the most important thing in trading and in many other aspects of lives. If you rush to earn money in short time of period, then it will become difficult to earn money. Because your mind cannot think good and reliable in short time. Trading needs time. You must concentrate on your strategies and trading plans. Don't be in a hurry to make money. It can lead you to loss money.

Trading is something that you have to work out to develop your own strategies and skills and it will only be possible if you have the positive mindset and patience. And being rush in seeing your profits has no place in trading because a good trader will always have to wait for the right timing, otherwise you'll end up losing. There may be long term and short term traders and they are both profitable if they will always go with the right coins and with the perfect timing when to sell. If you are not good in waiting, don't bother to trade.

Never ever a trader should be hurry to make the profit and get the profit, always should keep patience while trading, the more a trader have patience the more he will earn and get the profit from that coin, but making money and being desperate for more money has two different things, which need clear clarification for the investors.

There is a saying that slow and steady wins the race. It is very much effective in trading. Traders should not be in a hurry. You can never make too much profit in a hurry. Not only profit but also loss can happen in many cases. So traders must keep their minds calm. The better his strategy, the more he can go ahead in trading.

Yes, everything takes time and time to practice patience to keep waiting. Those who have enough money outside of crypto assets will definitely agree to hold it, even with years it doesn't matter. For those who only have limited money in their pockets, they will sell crypto assets little by little and don't care about losses anymore. this is a bad decision in trading, but because of circumstances forced to take this decision. And for me personally before deciding to trade, always prepare myself to avoid financial problems in everyday life. So I don't need to rush if the market is being dump.

I do not agree with you saying short term trading don't pay. Sometimes Short term trading pays, but I know there is always good profits in long-term training.
.

Maybe what to be desperate is when we lose, don't to desperate to get our capital back. Because it can lead us to do anything that can made us suffer. Why not, like what OP said, we need matured mind to do trading because if we put our emotion we can be wrong to make decision and made us lose. That can be worse thing happen to us. About age, i think it is no matter how much our age as long it not disrupt our live. 

Most of the newbies and beginners out there are having the “quick profit” mindset and mentality in terms of cryptocurrency trading. Of course, we all know we badly need to have profits as soon as possible, but this is not how crypto works. As it is an unpredictable field or industry, you may not know when it will go up or down in value.

Yes it will take time for you to earn (unless you are lucky if that specific coin or token suddenly made a huge jump or so for taking profit as soon as possible).

Desperation has led many people to lose 50 percent if not all the capital used in the trading. I must confess here I have lost all my trading capital at the beginning of my trading career in forex but that has thought me lesson and that has helped me in my trading career in crypto currency.

Emotion is something that you can't avoid while doing trading. It's part of the game and the challenge is, how to manage it properly.

Honestly, we can't just say to others that they need to control their emotions. It's hard. Let them experience the losses they will make while dealing with how to manage their emotions. Without errors and losses on the way, a person can never be matured. It's just fine to lose but while experiencing it, we should learn from it and try to minimize the losses while we progress.

It's ok for me to be desperate to make earnings but in a responsible way.

I am absolutely agreed that trading here in crypto business is very difficult to understand if you are here only for the profit.
Because, before we earn here there is a basic things that we must undergo in which there is no short cut. Therefore, always start with
the basic knowledge were most of the community that are newbie didn't take this seriously where in the end they loss their assets and melted
their investment anyway.

Of course, every trader needs to control himself in trading so that he is not emotional and hasty in making decisions. All traders do have to be patient, not all of our trading results get in a short time. If you say to keep waiting until the market is favorable for us, I think the decision to hold is the final decision. and this should have enough money for daily needs.

Hurrying yourself too get a profit would really be a big problem instead on which it could really result into losses because you arent already on your right mind on doing such good analysis because your emotion
had mixed up with your ambition to make profits.

Never be ever be desperate specially on the times that you are losing some trades.It would cause even more mistakes and losses which you should avoid it since from the start.

This isnt a race but rather talks about consistency and sustaining yourself in the long run.Dont hurry and just let things happen as you do go on.

Timely advice because crypto advertisements are starting to be so aggressive online and in real life and people are so blinded such that they forget that these markets are of high risk. And because these companies are all in it for the money, very few have a deliberate policy to highlight some of these concerns that affect the markets such as volatility. But with the responsibility falling on ourselves let's seek to have the knowledge first before we get the money.

 

Well said!

I would say the same thing too that dont be desperate on dealing up with things because this would result into problems which you said was right.
Everything does have its own time and moment which it is right that you shouldnt rush on doing things.

Trading was never been an easy thing and its true that this is not a race for you to rush up on making profits.This is why lots of  traders do really
fail on this field because of that kind of behavior.

We do trade crypto to make a profit, because trading can indeed be a source of income if done correctly. The problem is the wrong mindset,
make some people only focus on pursuing profit and want instant profit. So many people fail when trading crypto, it's because they make a lot of
wrong decisions. Crypto trading is a high-risk activity, so caution and patience are required when making decisions. Emotional control is very important
and influential when trading, people who can control their emotions well, then making a profit is only a matter of time.

I can't say that this trade is not for children, but it is for people who have consistently learned and trained themselves to have skills in trading. Meaning, if kids of that age can use Crypto and have expertise in trading, for me it's fine. As you said, the most important thing is patience and don't rush into trading.

^ Definitely right and they said if you are a high-risk taker, possible to have a high return but not all in trading there is a return, sometimes it will turn out losing their money because of having a desperate way of earning. There is no easy way in crypto trading, everything is difficult so, you need to have decent research first before joining. However, sometimes greed was always there, you should follow your plan in trading to avoid all of these. Be contented with what you have earned, if in your technical analysis it is time to cash out, go on just follow them.

It does pay as always but it is not really for everyone. There are traders that have a short term target and that's where they earn so it's not just sometimes for them but most of the time they earn on it. The thing about short term trading is that you have to bear with a larger risk than the usual way of holding. You also need to be active with all of your trades or investments in the short term because that's your plan and still you can make money from it.

Crypto trading is complicated, if someone says it's easy it's possible that the person is not experienced in the crypto world. To be able to make
a profit from crypto trading, the first thing we must have is knowledge about the crypto world. Lack of knowledge makes us not understand
how the crypto world works, and will eventually panic and make wrong decisions. The next thing we really have to have a planning, because
without planning the possibility of us losing is very large. And the last, as I said before, must control emotions, in order to avoid greed,
which makes us desperate to make earnings. If we have already made a profit, take profit immediately, if we delay it will only eliminate
the opportunity to make a profit.

This pretty much sums it.
It is just those people being subtle in their emotion, but their running thoughts spells their emotion. Having no emotion is purely BS for a human being. You cannot stop having emotion to everything regardless of what situation you are in.

Maybe it can be concluded that don't be rash in making decisions when you trade. Especially in a state of panic because the market continues to fall and does not show a rapid increase. Take the right strategy and think positively, maybe such a time is a golden time for those who will buy coins and a bad thing for those who have bought coins at high prices. It doesn't matter you just need to make long trades until the coin stabilizes again. But keep control of your emotions because this may take a long time.

Buying cryptocurrency in this bullmarket and holding it for long time is not wise. Because we have seen the ATH of all cryptocurrency.  I think this bullrun is nearing the end now. So now short term investment is good whatever the profit.

I think you might be ignoring the factor which is most important for people looking for an income in poorer countries, especially if those countries make it more than difficult to earn a decent living wage. Those kinds of people are usually desperate enough and justifyingly so... So they might see your post as a bit judgemental

Yes that is right. Back then I am so excited to earn money. I am thinking about becoming rich at an early age or even that I am still a student at that time. I think it is also greed because I am seeing my friend that gained a lot in trading but no. I was wrong. It was an illusion.
The thing is, after reading some articles and trading topics in here, it feels like I can already do anything. I prove myself nothing and I realized I have a lot to learn more in this trading. So I must not hurry. Emotions always brings us to incorrect decision.

That's right, trading is not for kids. But sometimes adults also make the mistake of not having enough knowledge to trade. Read the experiences of your predecessors to learn valuable lessons for yourself

I have also been in the crypto market for a long time. When the bear market happened, my psychology was unstable and it failed me many times. But I also gained a lot of knowledge every time I lost. The lesson learned is to be prepared to fail in order to succeed

If you are thinking that you will become a wealthier person in few days then you are wrong. Each and every successful achievement needs time and concentration. If you are rushes to get profit in one day then it is your fault and you are choosing the way of failure to yourself. You should keep calm and wait for the best time of selling and buying of coin. It will be very crucial for your success.

There are some people who are just greedy and the reason they want to trade is because they have heard stories of other traders that were able to become successful by trading cryptocurrencies. But, what they never ask is what these successful traders had to go through and how long it had to take them before they became successful traders. They just come in and they start thinking that they are meant to become rich the same very day that they became traders.

And their desire to get rich quick blinds them from doing what they are meant to do and following the right steps. They continue making mistakes because they are in a hurry, which is very bad. This requires patience and understanding.

That's a very wrong mindset. Many of those that have thought of that have been made a mistake because they're rushing and have to think wrongly.

I think there's nothing wrong if you're aiming to earn within the day, whether you're a casual day trader or seasonal trader. That's totally fine, what's wrong is that you're becoming greedy with your goal.

Never chase that success or certain living state on that way because that would really be ending up on some desperation which would might result into mistakes when making some actions.
Just take it slowly and surely and avoid lots of mistakes in regards on what you are doing. Achieving this kind of condition isnt something  that could be get overnight.It would be taking
lots of trials and errors before you do able to get it and also its not an assurance because not all things turns out to be real or could be done on what you do have in mind.
It is somewhat needing some sort of luck too.

You have provided traders with input on the basics of trading. I quote about "don't rush to make a profit" for me to make a profit depends on the trader himself. if the profit they expect has been achieved, I don't think it should be fast or slow in trading. it all comes back to the profit we want to achieve, what every trader must have is patience and not be affected by market conditions.

Yes, most people looks for quick money in trading, so once they see little profit the withdraw or sell the crypto token so as not to have price fall, meaning they trade for a very short time. After selling the token out, when they see the coin rising again, they will be regrating whily they took the previous decision. It's advisable to maintain some token for some period of time so as to get more profit.

assuming you need to bring in cash in tarding then you keep persistence in each plunge of market and consistently should keep tolerance while exchanging, the more a merchant have persistence the more he will acquire and get the benefit from that coin, yet bringing in cash and being frantic for more cash has two distinct things, which need clear explanation for the financial backers.

Many traders still find it difficult to earn good income for this season of profits earring. Trading is different from other social activities you can just start a day and start doing well with it in the community. Trading has some procedure you must follow to be part of those professional traders in the market. Those professional traders don't trade with fear whenever they find their selves in a difficult place than to make use of their strategies to know if to sell at that particular period of time or to hold until the price of that particular coin improve in the market before sale.
In trading everyday is not a Christmas day, there will be loss sometime in the market and there will be massive gaining sometimes in the market.

It should be understood that making money in this way is quite serious. It is important to understand this in order to get a positive result.

Dont expect from anytime to get positive results because this would really push you into into desperation which would result into mistakes which the things you must avoid
when you are trading on this market.Dont hurry because this isnt a race but rather you should mind about sustainability and this isnt something that can be attained
on shortest time as possible.Take it slowly but surely even though mistakes cant really be avoided but at least you do know on what to do.

It is actually serious.

And every move you do must have been thought many times like if you're going to sell at losses or you're going to take profits with a 5% gain.

That's vital for those traders that are depending their daily needs on trading and that's why if you're going to make money. Remove the greed and have a set that you're going to earn within a period of that which is achievable.

I agree with you. Ideally, buying crypto coins in the bullish season is only for the short term. When the coins reached their ATHs, we must sell them to take profits. Holding them for a long time is a bad idea because their prices will drop much in the upcoming bearish season. Because we are almost in December, we should plan to sell our coins gradually. We must regret it if we don't sell them during the bullish season.

That's how it is and in trading we must know when to buy and sell because otherwise we will lose the moment to make a profit,
at the time of correction I think it's a good time to buy some potential coins,
Besides that, following market developments is also important

Of course, buying and selling at the right time will determine success in trading. That's why a trade must have a good analysis of the time for entry and exit. You must understand that trading isn't for everyone, right? The reason is only a person who has a good understanding and knowledge about the market analysis can succeed in trading.

All traders must know about this. Following the market development is a must because it may change the trends at any time. Fail to follow it, may cause we miss the moment to sell/buy.

Buy and Sell would be the basics but the big question is on when you would do it? You cant just simply buy and sell without those considerations specially if you aren't  still in profit.

When you do make yourself desperate or in a rush on making profits then this is where you would really be making decisions which would be wrong.

Let experience and those mistakes tell you on what you should gonna do in next time because losing is inevitable.

Indeed. Desperation can lead to committing wrong decision. Thats why its important to have plan to follow so that you're not in hurry to make money and willing to wait according to what's in your plan. Its understandable that we want to earn as soon as possible but there's a right timing for it thus we need to be more patient.

Yes experience is a good teacher to improve our knowledge and strategy the next time we trade. Its a lesson to not repeat the same mistakes again.

I agree, the crypto market is very volatile and can be risky if you are not mentally prepared for it. In crypto, or any financial market, you should take risks with proper analysis. Always start slow. Trading and even holding for a long time can be exhausting. We should invest only if we can afford to lose because there is no guarantee of returns.

Not only mentally prepared but also emotionally prepared because these two things would always be tied up when you are dealing on a market something like this and you would definitely able to realize that based up on your own experience. Dont rush up on any decisions you would make because this
isnt a race but rather a marathon which the winner would really be the ones who do able to sustain for long term and not just really having some
mindset that whatever comes first would be the winner.

Exactly,that's what almost made me sick ones,because I invested,putting all my mind on it,hoping it returns much profit,and at the end of the day I lose,with the huge amount of money I invested,it almost put me into depression.
So one thing about trading is never putting all your resources in it,invest the one you know you can afford to loose without it affecting you emotionally.

Patience is a virtue that everyone should have. You cannot make money if you are too desperate to make it. You need to have a plan, and you need to execute that plan. Just because you bought a cryptocurrency does not mean that you are going to make money. You need to be prepared to hold it for a long time if necessary.

Indeed, in a trade, you can not earn anything for a whole month due to the fact that a couple of deals went into plus and the third deal ate up all the profit. You really need to be patient in our craft in order to start making money, many immediately after losing trades leave the crypt without starting to trade and make money because of their character or upset feelings ...

A month would really be enough on taking a good grasp on everything because this isnt how the market works and it would really take up years of experience when it comes to familiarization and able to be efficient and good on handling out the market. Dont be on a rush on learning everything in a short span of time because you will surely
be missing up lots of information and things because you do make yourself in a hurry which is really a very wrong move to have.
Take it slow and surely and make profits do comes next.

When we focus too much on winning , winning didn't come at all. We need to allow ourselves to lose sometimes and just bounce back once the market recovers. It is also idea to have set the goal between the day on how much only to spend and focus more on styfmdying what coin we are investing with. We must aim high but consider the situation if the market is just from decline or if there are news that affects the market..

when it comes to money anyone is desperate because they are losing all the time or not earning or simply earning little, so it is normal to be desperate, what one needs to do is to be able to keep calm a little every time who make a profit, exit the market and relax to avoid stress. trading is very tiring, very exhausting that's why people prefer to do Hodl which is less tiring, but doing Hodl can leave a person in a bad situation when they have a 90% loss and the currency takes years to recover

This is the reason why many people loss in crypto, because being desperate is something like uncontrollable when is comes to earnings or making money. That is why they decide base on their emotions not on their learnings and end up to lossing asset, so I suggest to control emotions specially in crypto for your own good.

In general, this should be treated more calmly. The more experiences you have, the more likely you are to get a negative work result.

Sorry but I did like to tell you not to mistake trading for investing, trading and investing are to two different ways one can make money in crypto or any other like it.
Day trading involves constant buying and selling of assets while investing means buying and holding for a future profit.

What you clearly talked about is investment and not trading, a good investor know that he or she has to buy and hold for long to make good money as long as the capital is invested in a good coin/project.
A trader is one who is taking advantage of the volatility in the market to make profit for him or her self on seconds, minutes or hourly based, investing and trading are to different professions.

Well I don't think that being greed and hasty is connect or corelates to something, it's up to the investor how he/she defines it because I think greedy isn't so messed up than we used to think, it's doing appropriate things without getting hasty to your goals. And even if we like or not, being greedy already runs in our DNA since the time of Adam and Eve. Being hasty on your plans gets you really messed up in the future instead.
I still believe that timing is everything, no matter what the issues are, deviate only from your plans if you're already seeing a deadend rather than lose it.

The most common cases of despair is when trading is done, trading tends to make the person despair when the movements do not occur at the expected time, and when the movement takes a long time, it is not possible for many to hold on, because honestly Some prefer to sell rather than wait and take profit, then at the same time they come and realize that if they had waited the relevant time they would have won. That is for me the main case of despair that occurs.

You would really be having that despair and regret when you do commit mistakes out of your desperate moves that's why we should really be wise on making
decisions and don't long for making profits on fast pace.

Try to be sustainable first or able to make profits despite of losses which means that you could really sustain.Try to increase your position
until you are comfortable with.

Also you should be mindful on how much capital you could only put or to risk on.

That’s why I always keep suggesting one important point in every money making discussion and which states that you should have multiple income sources and non ending economic growth. I mean this way one can really help self growth in terms of wealth and healthy life.

In the OP case as we speak about trading, well that’s just one income source which is inclusive of high risk too. You can’t rely on trading alone if you can’t beat the system. Sure there are peeps who make their living solely on the market itself however not everyone is that much blessed so it’s better to brace oneself with multiple incomes sources and keep one of them steady and long term.

Crypto market is really good for making money actually you must be cool minded. If you become disturb and become in shoot to make money then it will become so hard for you to get cash. As you all know the real thing that every good thing occur with calmness. You have to wait and after sometimes you will get benefit. You can achieve your aim by tolerance.

Cool minded is something that you cant really able to achieve or attained when you dont have experience on this market.
Desperation would come after if you dont have that good control on oneself towards emotion and have no good grasp on your goal.
When you do step your foot into this market then you should really be aware on what are the things or risk you could possibly
face on and not just going simple and tending not to be serious on dealing of with things.

I Think trading isn’t for kids.Trading or investing is risky it’s not an easy. When you start from or holding then you need to patience and experience. Experience trader can be earned from trading easily. Don't be desparete to make investing be Smart and keep patience.