Bitcoin Forum

How will Bitcoin change? Or whether it can be used as banknotes

Every day, looking at the charts and looking at the blue and red Kendalls, I get stressed out,

They say there is no such thing as a noble profession, but you also need a basic base (capital) to get that job.

I don't think you can make a lot of money as a trader because you have a lot of money.

However, if you are a person with a lot of basic knowledge of trading, you think it is true that you can earn a lot of money because you have a lot of money.

I lost a lot of money as a trader for a year, so I gained a lot of experience in trading.

It would be very miserable compared to an experienced trader who traded for 3 to 5 years. In any case, each person’s wishes and
'Cause there's a way

But now I have no choice but to stop trading

Of course, I don't know if it will be possible in the future.

I want you guys to always follow the trading laws you have experienced and trade by unconditionally.

I failed, but I wish you all a successful investment!

Google Translate may be hard to understand.

have a good day and have a good night

Use the amount of money you can afford to lose for trading. Learn trading and have experience for many months before you will have to choose if to continue or not. But I think you decided to stop. Trading is very risky, it takes from people than give, I mean the total number of people and the total number of people that are losing.

The best can be to just hold. You can always be patient, let the market fall and invest at bear time, the market will rise and you will definitely make profit. You can as well have a plan like investing more as the bear market continues so profit will be the net result in bull time.

Patience can help while dealing with cryptocurrencies.

Maybe trading isn't for you, OP and that is okay. Trading isn't for me either. Back when I was still learning day trading, I had managed to learn stuff from trading like the Bollinger Band and RSI stuffs and learning how to use those weren't enough for me to make some money and knowing that I still have a full-time job outside crypto, I know I am not going to succeed in trading because it isn't literally for me.
I just went full holding after that.

To add up, you shouldn't really hurry on learning up everything because this doesn't talk about few days or months before you could get a good grasps on this market.This do involves a long span of days

making out those trial and error because trading is hard and cant really be handled out on just few tries that's why quitting wont really be a solution but rather learning out from those mistakes.

Yeah, we aren't on the situation on where you are now but it wouldn't be bad to at least having some retrying out again but on a much wiser condition.

when that happens do you see other opportunities such as investing for the long term?
don't be in a hurry to learn everything slowly because we still have a lot of time, don't let emotions get to you.
when you keep losing, this is actually an order for you to be more active in learning this but of course don't force it if you have already suffered a lot of losses, try to look back at what mistakes you made so that you lost.

There is nothing best as holding. You will be able to sleep and not wake up at the middle of the night, you will not give pains to your eyes by not watching the candle stick chats very often, no stress like in trading. What pain traders that lost most is when they will devote their time, energy, data network and money but yet still losing. You can have a good investment plan and just continuing holding.

This may be very difficult to happen.
We've seen so far how big a challenge Bitcoin is to become one of the currencies in the world.

I think that most of us are also feeling the same, we are in this market condition.
But what makes us different is our preparation, starting point, strategy, and also emotional management.
Not all people are stressed when facing this kind of market because it is sometimes that is very usual to happen in the crypto world.
But unfortunately, most newbies are feeling so stressed because they think that they lose money so much because of the decreased price of Bitcoin itself.
I cannot blame this kind of person because I know that they are still being stressed and also they are so sad right now.
But, there is no need to be stressed, you may not be able to turn back your money by being in that's stressed condition.
The way is by being patient and more patient. We all don't know when the market will be better again.
But one to note, you will not lose your money as long you are still holding the asset. And you will exactly lose your money when you are being panicked and then sell off all your assets in this decreased price market era.

That is what you must decide carefully.
You must be ready about the risks of investing or trading. Don't only Expect for the profits but you must also know and understand how you manage loss and emotions when being in this market situation.
Keep it up and never panic yourself.

Giving up is a sign of defeat so best to try again and maybe you are just disappointed on how all things turn down on your trading career so I guess best to take a break for a while and study again the basics also analyze well on why you lose on your trades. For sure next time you do trades you are wiser on your decision making so be knowledgeable first and also learn to control your emotions while doing trades.

As they say, experience is the best teacher that could make our mistakes becomes corrected and avoid those mistakes that won't happen again, so I think that's the important thing while you're learning in trading.  There are no perfect traders even how long your experience is because the price is always unpredictable and no one can guess which direction it will lead or which coins the right choice to invest.

If you have a consistent loss, I would say, don't be hurry in trading, just keep practicing or find a crypto trading platform that has a copy trading option which is while gaining experience you can avoid heavy losses.  It could be also a demo trading is quite helpful for you.

Trading can be more profitable than just holding - that is in the short-term. However, trading is not for all as there is certainly a learning curve one has to go through successfully before one can decide whether this can be a person's focus and of course there are some risks that has to be understood and managed well because they can be the main obstacles that can hinder one's growth. As for me, I realized years ago that trading is not something I would want to go through as I am so weak with technicalities and grasping concepts that are necessary to be a successful trader. Now, having said that, a person can pursue trading if there is really that interest inside and learn as much as possible and if you can it would help to have a mentor on your side. Anyway, good luck and more power.

When I first got into crypto I was also very eager to trade. I don’t know, perhaps it comes with the excitement. That passive hodling is definitely not as interesting and attractive as that very active trading, at least to an overexcited newbie. Of course, I incurred losses rather than made gains. The lessons I learned made me a hodler.

So don’t you worry too much. Yours is not an isolated case. Many of us here probably travelled exactly the same road. If you’re really committed to stop trading altogether, try hodling while also stacking small amounts of Sats every once in a while. It’s actually fun and most probably more profitable, too.

I started trading crypto from a small capital. enter the stock exchange and then run out because continues to decrease in value. it happened almost a year. maybe almost the same as your experience.
but after I learned, I was wrong in determining the asset for day trading or short term. as well as feelings of panic easily when market movements are very volatile. I decided to stop for half a year. then return with a larger capital.
I tried to fix my mistake. learned about short trades from several communities and I'm making continued profits.
I think you should find the weakness of the trade that you have been doing. find the solution and you can return to the market for your profit.

You wanna try again but has no time? until we have breath  in our lungs we can still try and try our best leaning and profiting here in crypto market .
if this is what behavior you will have? then best to leave it now and never come back because this is not for weak and surrendering , this market is for strong and progressive .

No one won't dispute the fact that everyone wants happiness but not every opportunity is worth your time, say for example that you are a billionaire, and you've been presented with a million dollar opportunity but you know that it's only that and you will have to spend billions worth or resources to make sure it's going to be successful, would you take it? Pretty sure that most will say no. Choose the opportunity that you want to get in.

If you have something in mind for yourself, the main thing is not to give up. If you fell, then get up and go on.
Our mistakes and failures make us even stronger... ;)

Being a trader is not easy and also very risky, therefore you must first learn the risks and also the correct way of trading and also use small capital to start so that the losses you get are not too large.
always have a plan B when plan A fails and trade at the right time, because most trading beginners are not based on sufficient knowledge and when they lose they easily give up and blame bitcoin, and actually failure is a valuable experience to be able to correct and also correct mistakes to make it better good and not give up easily.
if you are not ready to take the risk you just buy and hold it until the price rises then sell it for profit and according to your wishes and that is the best and safest way.

Stay away from crypto trading, because it's actually not too different when compared to gambling. You can be a skilled charts' reader, but it doesn't mean you will be able to predict market fluctuations with efficiency on long run, because we are in an unpredictable market which moves without apparent reasons relatively often from times to times.
Keep trading as a hobby in your life, but don't rely on it for a living. Use your money smartly to invest in another options which are safer. For an example: just hold bitcoins or buy a property and milk passive income from it. Once you start receiving profit from your investments you may think about start trading again. Only then you will have the assurance you won't compromise yourself if you lose money that way, so it won't be an issue at all.

Maybe this time, you need to take a break after trying for some time and not succeed in trading.
But you can come back anytime you want, especially if you have already refreshed everything, prepare for some money to start and know what you should do before trading.
As many others said, only use the money, you can afford to trade and not try to use more money if the situation is not good to trade.
A wise trader should know when to stop trading before the situation changes and can not adapt to that situation.
I hope you can succeed in the other fields you want to make money from that and use that money for yourself.

There are times when nothing can be done so it's better to stop than say more sorry later. At least you've tried your best and it didn't work for you. maybe it's not meant for you this time and you need to continue your own journey in other things and if you want to return back, this time you are not starting with nothing in your pocket rather with some experience. Crypto trading is a little bit tricky, you need some failure to successfully nail the right timing to buy and sell.

Take a break man, I have a good strategy and plan towards it.
You might be doing very well making safe decisions, but not the right ones.
It's better for you to take a break, have excessive funs with close pal's eat good food then try once more.
Two things important in this life is time and patience, if you're doing the right thing, the right things will come for you when necessary.

I'm sorry for your loss. I hope you followed the golden rule: only invest when you can afford to lose. It's simple, but people break it very often. I believe it's a good sign that you realize that you should stop trading of this caused a big loss of money. Perhaps you just need a different focus. For example, doing a risk-free job and investing some money longterm in Bitcoin. It's safer and less time-consuming. But if you're worried you might not be able to stop trading even though you think you should, that sounds like an addiction and should be addressed. I hope it all works out for you. Losing money is hard, but it's not the end of the world.

I feel sad about what I have read about the end result of OP during his trading journey, yeah I do also hope that he followed the golden rule of traders and investors, and that is to only invest or trade only the amount that he can afford to lose. However, I do also believe that losing in trading and investing is natural or we will definitely be going to experience it and we will only differ on how we gonna accept those losses. I mean some of us manage to put a good amount of their money in trading and what's good about it is that's the amount that they afford to lose. I hope also OP could compose himself again and get back to trading, this time he is already a smarter trader.

Trading isn’t for everyone. If it’s not for you OP, then try something else that would be your true calling. To be honest, I am not a day trader as well. I usually do a few trades in my career and most of the time I just simply sell the coins and tokens that I have coming from the airdrops, bounty programs, ambassador opportunities, etc.

I also tried futures and copy trading, and lost a lot as well. But I am already aware of the risks though, as I can afford to lose those amounts.

OP, you must not give up trading the easily, especially if you really want to do it, and considering what you have already started. I agree with the other users here that saying you need to rest. I think you need to step out of the game for some time to relax, reflect, and think how would you like to be back on the game. We all know that in trading there will be moments of winning and losing, but I want to encourage you to try it some more time. And if after that you find yourself unhappy about it, then maybe it is the time to let it go.

realizing the level of risk will make us more comfortable and not easy to panic sell that can harm us. indeed to do daily trading is not easy, sometimes we are made dizzy because of market movements that seem to play tricks on us. but if it is based on joy, then it seems as if the burden is off, and losing is a normal part of trading, because we believe that we will be able to make bigger profits.

This is a different topic when compared to what I am usually used to seeing in this forum. I like the fact that you are trying to help others through your own experience with cryptocurrency trading even though you aren't fluent in english.

Truthfully, whatever you stated is common sense in the crypto world, but I respect your positive intentions. Long-term HODLING>>>Day-trading in my opinion!

Its your own experience you shared .There are may be something difference for others .You didn't explain the reason of your loosing on trade but you have lost your asset .However if there is nothing on it to get profit people might not take it as a profession .I have few friend who are doing it professionally and they are gaining a lot .I think there might be the reason of your lacking knowledge behind trading and also not able to make a good strategy .However you are telling that after loosing your fund you have gotten the experience ,i think everything goes wrong with you .So you are just doing it stop and i think it will be good for you not to trade here and loose your fund again .However i am also doing trade for over 2.5 year and i didn't lost everything what i have gained ,happy for it .So that i wanna suggest to the new trader to get the lesson from here and do your study and research before doing trade on the market .

Just curious what trades have you made? There are certain types of trading that people get frustrated with and decide to quit. The need in trading is not only a matter of analytical ability, but also adjusting the type of trade with psychological conditions. Analysis is not always accurate, so have a backup strategy in place at all times. And always remember that 1BTC will always be 1BTC, you don't lose anything when you hold it for any length of time

That's pretty much it. You gain some and you lose come. Consider it as an amount you paid to get that experience.
Real traders are those who learn from their experiences. The more mistakes you make the more you learn.
But it hasn't ended here. I am sure you will keep trading after a while and start making profits as well.
Just keep learning, if not yours then from the experiences of others.

I understand that you have used the translator, but your words seem sincere and that is appreciated.

I think there is no bitcoin discussion here (op), it is you own experience in an unexpected result, but it is not the end, each defeat or loss in this case is only the beginning, nobody limits the possibilities, only oneself.

It is good that you see the forum as a possibility to comment on your experience, that in itself is a way of revealing itself, of identifying faults.

Never lose the desire and with bitcoin even less, there are always other areas related to bitcoin for which one can start again.

Everyone wants happiness, and when you are doing something and you’re not getting that happiness you need, then it is best to avoid such thing. Anything that I choose to do I always make sure that I’m doing the things that I’m going to love, and also things that whenever I am doing them, I will be happy doing those things. I’m not in for the kind of things that I will feel frustrated whenever I’m doing it.

If you choose to be doing something that will frustrate you, something that doesn’t make you happy when you engage in it, then it is not worth it. Although sometimes some of us do choose things that are not meant for us all because we think that we are going to make profit. But it’s usually best to do something that you are passionate, and good at doing.

Life will be fun if we get happiness, therefore most people work hard in their life to be able to have a lot of money. That's because having a lot of
money can buy what we want and so we get happiness. Bitcoin can give everyone the opportunity to become rich, that's the reason why
Bitcoin is increasingly popular and in demand. Because if we live an unhappy life, it only makes us depressed and the worst thing will think about
ending our life by suicide. After all, happiness is the most important thing in life, therefore we must be able to get happiness in our lives.

True that! It's true that trading isn't for everyone. It's a big part of the reasons why we have multiple paths in crypto where you can succeed either as a:
- Trader
- Investor (typical DYOR investing + holding)
- Earner: through skill-based opportunities to gain more crypto.

Whichever paths works that works, it's completely fine. Trading is a craft and not many can master it correctly enough to be profitable.

Many people have the same fate as you (OP) I am no exception, because I have also lost, falling hurts but it will hurt even more if we give up and don't try again we have already plunged into this world full of risks you just have to leave your seat and go to an open green space while reflecting and studying your every mistake and then returning to your desk.

I am sorry for the kind of experience that you have had in trading cryptocurrency.

Yeah, it is usually not easy, but the experience that we get is what builds us to be better at what we do. Sometimes you never really get better until you fail at something, that’s when you realize the areas that you are meant to be putting in more of hard work.

I am wishing you success in any other thing that you choose to do, and moreover don’t forget that if you are not really good at day trading, you can still try to just hold Bitcoin and sell it when the price goes up. You can be targeting the right time to invest in the market, which is when the market is low in price, then you can invest and hold it for a long time.

Google Translate really sucks.  :D Candles became Kendalls. Damn!
Well, there must always be a loser for the winners to make profit, it's the balance of things. If we are all winners then there is no need for an exchange to be made. We all try to make something out of it and on the other side of it, there is someone who is having a hard time to learn the basics.
Prevention of being rekt was my first thing to think about when I started trading. I don't want to lose it all. So I took care of my money very well by being on the safe side. Didn't let my greed took over me and when I see profits I take it without even thinking twice. Profit is profit, be happy with it.

This is nothing short of the truth. You don't make a lot of money in trading because you have a lot of funds to trade with though, it has its advantages in terms of a multiple on what could be gained. Upon that, traders ought to understand that, it always goes both ways and as much as you can gain, you could also loose significantly.

Losing money to gain  experience, it doesn't mean there is something lost. Its like a trade, money for some knowledge. Where it becomes a Lose is, you not making use of the knowledge you've got for some purpose . Maybe to earn with it or impact on others.

It's still okay to know ones limit and when to call it off. Anyway, kudos to you too and you did good trying.

Oh, this excitement ... In fact, you never need to forget that there are gamblers who can burn their deposits on the same futures, you just had to stop when you lost your money and take a break, sometimes it gives its benefits for trader.

All beginners in any trading (not limited to crypto trading) initially face more losses than profits and only with the help of own experiences they are making changes. So, if you start making use of your knowledge that you got from your own experiences then you may not repeat same type of mistake which would be the exact starting point of your life changing moment.

This is a common mistake of most traders; you have chosen the simpler one to get out of your trading problems but that will not relive you from all other life's problems. You may think about getting back to trading with least possible capital and always trade with stoploss.

that's what it is mate just accept the fact, and try paper trading first before anything else. Practice your skills and keep searching for specific information because you know if you keep making mistakes it means there's something wrong and you still lacks of information..so just be patient and learn more.. Keep backtesting as well so that you become comfortable on your strategies.. You will become successful but you need to trust yourself as well just keep believing because there's no easy way how to succeed to be honest..

It is the fact that you will be successful if you give your concentration on that thing which you are doing. So in case of trading if you have certain education then you can handle losses but just think that success always come after struggling more. Always select little amount of capital when you are initially starting trading as it will be easily managed after loss but it will give you good experience.

I agree.

But a year of pure heartaches because OP seemed gained nothing from it is exceptional, if he thinks he needs to quit, then I guess we should just respect that. On the other note, if OP really wants to pursue his trading career, I guess he needs a lot of money in order to gain enough experience to make profits in Trading.

I recommend stock trading rather than futures, because it's better for me to slowly but surely profits than a high risk high reward one.

Trading for a year might be long if you really done it everyday for over a year but if not I guess it's still a short-lived one for you. Well, it's your choice and who we are to hold you on that, of course we will respect it. Trading isn't really for all and this thread is a proof on that.

OP, the crypto market will still be here, if you want a comeback it will totally welcomes you again.

Earning money still exists hard whether it's online or in real life. If you have only money but don't have experience of how to use it then you can't make more money. Rather than you would lose by using it wrongfully. On the other hand, if you have enough knowledge but don't have enough money then also hard to apply your knowledge and experience. Trading crypto is harder than earning in real life. Most of the traders are at loss. It's because we thought it's a very easy thing and trade the wrong way. But day by day we learn many things from there where we lost and why. We can't keep enough patience during the trade and that's the reason behind the most loser trader. However, since you learned hope you can make decent money now from the trading.

In making a trade don't settle only on a single strategy there's a lot of possible ways to earn and take a risk to your trading still its better to make awareness on every trade you made not all the time bullish market gives you a profit always analyze the market to have an idea what are the upcoming trends. If you think it's trading is not to you and taking a lot of risk it's better to have a take a rest and patience, not all trades all about emotions consider the possible given information to keep you are.

I just add the proverb that "failure is the pillar of success". I think you will appear shortly as you are a crypto dreamer. A great day is waiting for you.

To be successful in trading is not about having money(capital) , what matters is to have the knowledge of the trading as to get direction of what you ate doing. Experience also matters in trading,  one can learn more from his loss and gain as he/she trade over time. Learning how to trade is the basic thing not just having money.

I wished you took a break with the intention of going to develop on your strategy before coming back to trading. But it sucks to discover you are ending the career already. Trading might be very risky but it's not safer anywhere it only takes good knowledge to excel in any discipline and trading is not an exception. I might suggest I would rather say you go learn some more then come back with an amount you can afford to lose other than waste the knowledge you have gathered

Trading is not just buying at a low price and selling it at a high price, because trading is complicated and not as easy as we imagine. Therefore,
to be a successful trader, we really have to focus on trading. We have to do our best, never stop learning how to trade well from various sources.
So that we really understand how to make a profit from trading. It is true that we should start trading with small capital, because if we experience
a loss, it can be considered a learning cost. Because sometimes when starting trading we experience several losses first, after that we can start
learning how to avoid losses by correcting the mistakes we make. The conclusion is that achieving success in trading does require sacrifice and
hard work. If we can get through it all, happiness and success will come naturally.

So knowledge is important if we want to succeed, not just in trading but also in other fields. If you want to succeed in trading, there is nothing you can do except learning as much as you can about trading to improve your trading skills. If you do not have capital but have skills in trading, you can increase your capital by slowly from trading and I am sure you can have much capital in the future. I see many people can trade better but they do not have much capital but they can prove that they can make much money from trading.

If you're getting stressed looking at the charts, avoid it and just look at it for a few times. Maybe in a day, avoid to look at it as much as you can because you're just going to get stressed as you've said. I've been there and done that and that's why you need to do something such as avoiding it to help yourself.

In trading, it's true that once you're used to it, you can earn a lot if you're too experienced with it and as well as got the capital that you needed to have especially if it's a bigger amount.

To be frank, trading isn't for anyone at all; if we go by your analysis because one failed at it. Remember that quitters aren't winners and that winners aren't quitters. Every profitable and professional trader was once a loser. It's the same way that every experienced person was once a novice. Don't give up.

OP, thanks for sharing that with us. I like the fact that you graded trading experience and skills above capital.

Thanks for your concerns to all the active traders of this community. A trader will remain successful only when following set of rules and resolutions which means you need to be disciplined and self-controlled while trading. Whenever you are about to breach your predetermined rules then you may start losing your status of being a trader and slowly you will become a loser. Being a loser or trader is up to your skills.

Yeah, trading is suitable only for hard working people who are good in self discipline and self control. Because, following all the principles of risk management is not easier for everyone.

I have come to realised that trading is not for everybody. Of course yes because if you observe closely, you will notice that some people are excelling in Daily trading,  making good profit. While some other people keep losing, no matter how hard they try. I remember years back when I gave trading a try, I kept losing huge amount. But I don't think the OP have to keep up on Crypto, you can probably get involved in long term Investment. Buy at low price, be patience till the price pumps and then sell. Although, long term usually takes a lot of time, but is indeed profitable.

Trading requires many things, including knowledge, experience, readiness, good management of funds, and emotions.
Sometimes, we only expect for taking profits in trading, but in fact, trading is not only about taking profits but also about risks of losing.
Many people can gain high profits but many can also lose much money. This is not only based on how long we are doing trading and having the experinces. But how we are doing the trading itself. How we manage the strategy and also evaluate our strategy whether it is working very well or not. If we are always experiencing loss, there must be something that is wrong.

When we are thinking about it and we are assuming that it is enough, just stop and quit. This is better than forcing yourself to do tarding again.
We cans top trading in order to save other money and maybe will come to trade again once we are really ready again with new strategy and knowledge.
good luck.

That's right, even though trading is very risky if we have a strong desire and keep trying to learn it's not impossible that we can be successful in trading,
everything needs a process and trading is the same so it's better to keep learning

But the problem here is that majority of us doesnt really like to wait up for that long which simply means that most of them do really rush up and this is where mistakes do happen.
Dont rush up specially in trading but instead you should mind on learning up things along the way.This isnt how thing works and you wanted to be and once you do realize
on how things needed to be treated up then you will surely able to handle up yourself well into this very unpredictable market.

Yeah, usually crypto traders do focus on only profit making but they do fail in taking enough measurement for not losing their capital. It means they never give priority for setting up stoploss or not choosing the right amount of quantities of coins based on available capital and stoploss levels. This is the reason, rushing up toward picking up right signals led them to get collapsed on the occurrence of any small unexpected fluctuations.

In trading, technical analysis is more important for making profits and at the same time not losing the capital by ensuring about following all the basics of trading. There will be no point of making profits once with the help of good TA and then losing it on another trade due to lack of risk management.

Losses will always be part of trading and it's normal to commit mistakes but what is important is that we learn from them. Even trading professionals and knowledgeable about trading still commit mistakes since there's no such thing as perfect trading so don't lose hope if you fail for a couple of times because that's part of the learning process.

Not everyone succeeds in trading profitably and not everyone talks about their failures in trading. Nevertheless, many continue to study the basics of trading in order to transfer them to practice. Perhaps you will return to trading or find yourself in a different role, for example as an investor.

sorry for the loss you get...

Trading is not an easy thing, many people think that when they have a lot of money trading will be very easy, the reality is that those who only rely on capital when trading will only experience losses. there are many things that need to be considered before trading, skill and mentality are important components that all traders must have before trading.

Capital is important but it would be useless no matter how big or small it is if you dont know on how to handle it out thats why it would really be sensible that you would
really be mindful on how to handle it out and trying to make yourself sustainable no matter what the cost.This isnt something that you could deal off easily and losses
would be inevitable but somewhat could be handled out if you are aware on how risks goes and works.You would gain up sufficient experience for you on at least
able to sustain yourself into this market.

Are you going to stop and say I lost ?  :'(
Don't be like that mate, everything will be destroyed when you decide to stop. Don't you love your experience so far?
Look, true defeat is when you give up, so don't give up and walk away, the world doesn't likes that, sorry for being emotional mate, I only regret when someone quits from what he has been doing for sometime.

Failure is not the end of everything, learn from the failures that have been passed so that you can learn from previous mistakes. A trader must experience failure too because not everything goes as desired. That means we have to train our skills and also our mentality in trading in order to make a profit. yes, that's right, trading is not that easy and requires good skills and knowledge in it. Not a few fail and finally give up. We are all in the same situation where markets go up and down and it is our job to manage our assets well, so each has its own constraints on the assets owned.

Every or each one of us did really come into this point or experience that we are almost able to give up just because of those noob mistakes but to think about reality that mistakes cant really be avoided no matter how good or skillful you are because this market is really that unpredictable and there's no way that you could able to get rid of it but with due experience and skills you would able to lessen out the risk which people should
really focus on at least and stopping isnt something a solution for you to have because mistakes are learning stones for you to take and you shouldnt really stress out yourself
and make directly decision on quitting.

Ar first i was also into trading and made quite good amount of profits along with the loss which is regular thing in this trading field but after 2017 crash there was some big loss but afterwards thought of only going into long term investment period of btc which is more profitable than alts.So in my case trading is now becoming occasional and holding is my main concern.

Failure and mistakes would be a never ending story and this would really continue to pile up and make yourself aware and becoming and experienced trader/investor and this wont involved a short span of time.

Keep pushing forward even if its hard because you wouldnt able to obtain success if you wont really be putting efforts into it and of course it is part of reality with those unfortunate events to happen.

If you do put up some mix of passion and interest then you wouldnt really be easy to quit out even if you do experience excessive losses.

Holding is always a big part of trading especially if you aim for the higher pump than scalping. But of course, people with lots of experience might choose scalping rather than holding aiming for a long term investment plan. But the Bitcoin market is always a volatile market that fluctuate now and then so I think it's rather convenient for them to do it. Although, the risk is always there but I think it's worthy if you try.

To OP, if you are having a problem with English maybe you can try the local boards here perhaps you can find some people who could help you better.

All of the traders here in the cryptocurrency faced losses in the end, especially if their tactics are wrong. Now if the traders individual are greedy most of the time in the end they loss of course. So for me, earnings in enough amount would be much good anyway. But of course, we need to apply DYOR(Do your own Research) or DYOR(Do it at your own risk).

Everyone has their own strategy and we can't just imitate the strategy because it's not what we want,
as a trader self control is one of the important things too because if you only follow your lust then it can have a bad impact

Making a lot of money in crypto trading is not about having a lot of money but having a lot of knowledge about the market entry and exit point.

Having a lot of knowledge in trading I not enough because the person also needs to understand the market historical movement. Things like halving effect and market blood bath.

Crypto trading is just like gambling and you just need to know the type that is good for you while you also learn how to control buzz i.e day trading is not meant for everybody.

Maybe greed you do mean? Lust has nothing to do with this but rather Greed does, so i believe that this is some type or totally you do believe that lust and greed is the same?  :D :D

Each of us does have its own way on dealing with the market and also to mind off that not all would really be successful in trading.Some might succeed and some would definitely fail
no matter what you do.

So expect the unexpected because the market could neither be good or bad against your trading analysis.

I think also about my own happiness.
We can see how Bitcoin has changed many people's life conditions. This may turn people to be richer, but on the opposite, it can also turn people to be poor shortly. The condition will depend on how and what we are doing with Bitcoin. This is not the mistake of Bitcoin but we ourselves.
Btw, investing in Bitcoin may be very risky, of course with the volatility. But as long as we are ready and also understand the strategy that fits us, we can consider to have that investment for at least little bit profit. We may not be rich overnight, but at least, we are not poor overnight because of Bitcoin. I agree with some members above, only invest the amount that we exactly able to afford to lose, because we ourselves who will experience the loss, not others.

Of course, the first thing you need to do is stay patient by holding it in and waiting for the right moment to sell,
Seeing your intention to build a new house to make your wife happy is very noble,
keep hoping and we'll see what happens

This is what most traders have experienced and newbies has to, for there own experience too. Losing money in trade is not the problem but what you gain from it afterwards. That is where you gain more knowledge on your strategy both entering and existing plan, stop lose, leverage and general money management skills.

You can forever show restraint, let the market fall and contribute at bear time, the market will rise and you will create gain. You can also have an arrangement like contributing more as the bear market proceeds so benefit will be the net outcome in bull time. you will be unable to turn around your cash by being in that is focused on condition.

I am sorry to hear that it has come so far for you buddy. Realising that you have to take a break from trading is a hard decision, but better to take a break than to make everything worse. Don't forget that nothing is permanent in life, you can always come back and recover. It might seem very black and white for you right now, but that is not the case. Making mistakes is part of the game and we can learn from them. Once you save some money you could always try and go back into trading, just start small and build your portfolio up from the ground. I wish you all the best in the future.

The uncertainty and unpredictable nature of crypto market makes it difficult for any newbie to be successful in trading, however that does not mean that there isn't any successful trader, the key to being a profitable trader lies on the in-depth knowledge and skills of such a trader, charting time of candlestick patterns is one of the prequisite which is part of TA, trading is not gambling, the OP needs to go back to the drawing board and restrategize and possibly trading with a daily timeframe to avoid high volatility and erratic movement of price in lower timeframe.

In general, we have to put huge effort and do it well. Many people had underestimated trading, perhaps, they'll think easy money and profitable experience, yet they neglect losses and so it ends regrets and disappointments. That is why we should have to remind everyone especially newbies to consider trading as a risky job, not a money generator otherwise, they end up losing their money or somewhat quitting.

*continue to learn
*watch tutorials
*read books

Everything that could help us is necessary until the time that we are at the full set.

You say that you have gained knowledge and experience from crypto trading,but all that knowledge and experience will be lost,after you quit.I'm not saying that you shouldn't quit.
Day trading isn't for everyone.If cryptocurrency trading isn't for you,leaving this "business" might be your best bet.Some people are created for a 9/5 job,while others want the risk,the excitement and insecurity of day trading.
Happiness is just a concept.The journey is more important than the goal.
The meaning of life is to keep grinding and never surrender.Maybe you will find your purpose some day.
Good luck,OP.

Well, I think that one of the greatest weaknesses or vulnerabilities that we all have at some point when we enter the market may be desperation, perhaps we buy a currency and see how it falls and loses value, many cannot stand failure and simply leave, others do not Others, what they do is learn from everything the market can offer, it is well known that it is never good to try to take revenge on the market, the market is always very benevolent and always gives new opportunities and ways to enter.

if you try to understand bitcoin with your usual understanding of fiat then you will forever not understand what bitcoin is and what satoshi meant to create bitcoin

Bitcoin is a currency as well as an investment asset that we cannot expect to be like the banknotes that we use every day, bitcoin is more complex and gives more freedom than that

if you only think of bitcoin as profit then to get bitcoin you can do other things besides trading (if you are bored with candles) there is currently a lot of information scattered about how to get bitcoin besides trading

In trading use only yours money.Also remember that there use only those money which will not in use for example no need.if you saw too much dip in market so you can be wait for long than I will be in no tention nowories

Getting rich is easy if you know what to do. But in reality it will not be that easy, if only with material capital without extensive experience, then trading will not provide better profits. Remember that trading is not just buying and selling, in trading there is a lot to think about. Psychology is an important part because it will determine where you have to go and make the right decision. It is not easy to be rich even though you have a lot of capital, losses will continue to haunt you. Profit is just a bonus that will continue to be repeated. Cryptocurrencies will give you wealth easily but vice versa, being very poor will be very easy.

Its never too late to try again, when you fall you rise up and come back stronger that how successful people behave. Success is never easy you have to be ready to overcome obstacles and giving up should never be an option.

Many of the beginners who only follow the hype in investing or trading in the market and as a result when the hype ends it will certainly make them suffer losses, besides that difficulty in reading price movements is one of the reasons why many of us suffer losses due to incorrectly determining the entry level in the market, that's why in trading analysis and experience are very important for trader and better before we become traders, we have a lot to learn both from people who are experts and reading on the internet.

Have to change of investor mind when try investing in cryptocurrency, they want to be rich with faster time without care about how to predicting with some coin at the future, they looks out from thinking how to earn profit consistent on cryptocurrency is not easy and how to be rich in short time take long time, some trader or investor looks funny with small fund entry to cryptocurrency they want to be richest and earn profit more than 1000%, how come under 100$ to earn much profit except with future trading but still looks impossible can earn out our mind with their profit decision.

Money management for trading or investing is very important besides it is highly recommended to use cold money,
we know for ourselves that in crypto it is very risky and vulnerable to losing money,
so it's good to also prepare mentally

Trading is not easy mate and its normal to get stressed out but why not learn to become uncomfortable? You will get used to this soon. Do not believe them when they say there is no noble profession because that's false. Can't you see there are now professional in many fields? That is because they are so good at it and if they can, you can too but i believe that its easy to build more wealth when you already have a big capital, you only need to equip your self with some knowledge though.

Lastly do not compare and look down your self, they have longer experience than yours although you can be like them if you wont give up. You already have some experienced, do not waste it up.

Yes, many feel unhappy, it seems the same is what you are experiencing. because bitcoin's correction since last year had a clear impact on altcoins which were also affected to decline. obviously in a situation like this it is time to hold on with the best hope that there will be a bright spot that bitcoin will rise again. because many projects will also be affected by the very volatile bitcoin price.

hopefully there will be good news next month, and this seems to have seen an increase although it is very insignificant because with an increase like this it will obviously be able to go back down. so we hope that the end of this month will see the impact of the increase which will make all altcoins also move up.

but you already have the capital that you have saved, in a lot of altcoins which may in time be able to increase along with bitcoin. where you can complete all the wishes you want to do because the price of your altcoin has improved.

As many of the senior colleagues have clarified, trading is not a do-or-die matter; it favors some people while others lose their capital every time they trade; all of this occurs as a result of a lack of basic trading knowledge and understanding. Again, patience is essential in crypto trading, and you should only invest money you can afford to lose.

Market is not looking good for sellers to make a huge amount of income from their investment than to hold and keep watching the green and red light for happiness. Many bitcoin investors will definitely enjoy happiness when the price light change to green next two weeks for investors to start preparing for profit making.
Many people are confused about the current situation in the market because many was hoping for happiness in this month of January but market Change negatively for those that  want to sell their bitcoin last week to improve their businesses that shake during the celebration of Christmas and new year.

I personally switched to NFT flipping right now. It's the ecosystem that is doing good so I'm focused on that right now.

You can also have an arrangement like contributing more as the bear market proceeds so benefit will be the net outcome in bull time. Making out those experimentation since exchanging is difficult and cant truly be dealt with out on only couple of attempts that is the reason stopping wont truly be an answer but instead advancing out from those botches.

This is really a nice topic and this should be the aim every businessman, happiness of their customers should be the pass and passue of them all.
  A situation whereby they can meet all customer service and requirement .

Maybe it's the Google translator confusing me here or your reasoning are just confusing. Firstly you said you can't make lots of money trading just because you have lots of money then you said you can make lots of money trading because you have lots of money and basic knowledge, that's confusing Buddy. Trading doesn't revolves around having lots of money although having the capital can be a big booster when you have already perfected the skills.

Traders with little or no funds has alternative method they use to generate fuds for trading. It could be using others money (not advisable) or selling courses, providing signals (if that's still a thing) etc. You can also save up some small capital to start with and over the months you build up your account. Once you're good at trading, generating capital won't be an issue but many go in with the money hoping to be lucky and then end up losing. Well congratulations on stopping what you don't know now go learn something you'll be good at.

It depends upon personal experience if anyone want to do trading as a part-time work, full time work or quit his job in order to give dedicated time to the trading.
In my opinion you should not leave your 9 to 5 job as you can keep trading part time and also while on job. Day trading may not be an ideal thing to do if you are busy with other things as it demand dedication. However swing trading can be an ideal choice for job holders.

when everything stops, whatever happened in the past will be in vain, mentality may be very influential on a trader who continues to lose money until he decides to stop. but that's the process of success if someone continues to learn from experience or other things if he doesn't give up maybe success will be obtained if he wants to keep learning.
Regarding daily and long-term trading, it's the same when knowledge has time is not a problem because now we can access the internet wherever and whenever we want.

it is always our own decision and desire to what will happened to our investments so strategy and mindset will be our savior .

Buy the Dip sell high, never become greedy and never become stupid to invest when you still not understand the whole market.

Your post reminded me that I lost a lot of money doing day trading, I spent hours and when I won the profits were low and when I lost I lost a lot. it was something that I didn't understand, but today I understand perfectly well what is happening, day trading in this market is high risk, I don't recommend it, in my opinion, buying low and selling high is the best way using longer chart times

That's a bit toxic in my opinion, if OP can't sustain trading and he always loses with his trades then I think that it's time that we should startdoing some self reflection and ask the question as to whether we should continue trading because there are other ways to make money in cryptocurrencies and trading is just one of them and it's not even the best one.

This is also my realization after trading so many times, It's really hard to outsmart the market and if you don't have enough time to analyze, you'll burn out and lose everything. This is my turning point that I should trade longer, I just need to buy and chill, waiting for the right moment to sell. I believe if you want to find happiness, know how to be more contented, take the risk that you can afford and don't ever go beyond your limit.

Well, that's the thing with trading, it goes hand in hand with stress, and if you were to start saying everything gives stress, then the stress in trading is way more because of the fact that you directly handle money while doing it. It's nothing odd or new really, most traders experience it, it's just that the level you can handle is correlated to the amount of money you actually have or earn in a daily basis, not counting the ones that you get from trading. If you were plenty rich, then trading wouldn't be that stressful if you were handling levels that could be easily handled (though if it were BIG numbers, then yea, they'd also feel a sting tbf).

Basically if we talk about failure I think it can happen to anyone and it's a normal thing,
and with that failure and then decided to stop trading it seems it's a pity,
That's why it's important to keep up with market developments

There are really thing in life which isnt really built for us on which no matter how hard we do try but we do still fail and thats really a common scenario but there  are people whom
do really tend to sustain despite of those failures and losses even though they are compromising out too much in terms of finances but it wont be enough for them to completely stop.
If you are really serious on dealing with the market then these mistakes wont really be an enough reason for you to stop but this would be somehow base up on
some cases or scenarios neither if its severe or not.

everyone experiences failure at the beginning of trading, there is not a single trader who does not experience that failure, but when they retreat then it is a fatal mistake.  learning in trading will never end, all traders must be able to make a profit that is more than the loss they get.  then don't give up on the first failure.

Having a lot of money as a trader is not a guarantee to make money in trading, having much money with no knowledge about trading may cause huge losses in trading.  Their  has never been a time in trading that having a  lot of money  can result to making more money. Trading  is beyond having lot of money,  but also requires knowledge for it to be done in the right to be done in the right way.

Sorry to hear that trading took your energy away. It's not a good sign if get tired quickly and feel bad looking at the market. It's good that you realised you need a break from it all. Trading and making money is no guarantee of success, just by investing a lot of time and capital. The current downwards trend hurt many of us here and let us reevaluate our positions. Gaining experience in trading is one thing, but we also need to be realistic in our abilities. Becoming rich overnight through crypto currencies is just not possible for most of us. We can still go down the long road, eventually we are going to make it. Take a break from trading my friend and recover, remember the lessons learned and try to come back to us in a few months when you feel better.

Yeah having a lot of money doesn't mean you can get a lot of money but with big capital you can get more profits. It's recommended if we have big capital without any knowledge about trading just move your money to get interest from a bank. Also maybe gambling will help if you want to get more money or lose it without knowledge and only depends on luck.

Buying low and selling high, you mean a long term investment or HODL? Because that would definitely be the best for anyone that has such plans. HODL is the easiest thing for anyone to do, but most people can’t wait that long, some of them even end up selling at the worst prices because they can’t wait at all for the price to go up before they would sell, and that’s how they miss the big fish.

It’s best to wait it up for a long time. The thing with most people is that they invest at a time like this when there is a bearish trend or the market has become stable, which would probably be lasting for some years  and they wouldn’t he able to wait that long. That’s why they fall out.

Sorry you lost your money while trading cryptocurrency. But that doesn’t mean that you can make money from trading. Trading isn’t  really something that you have to rush. The opportunity is there, but it is something that you will have to take your time to learn it and get better. I don’t advise people to just get on trading and do it fully.

It should he something you see as a process and you have to take your time to learn about it and have another job that you’re doing to sustain yourself since you’re not yet certain about the future of what you’re doing, whether it is going to be successful or not. You keep doing it at your spare time and with little amount of money and learning, and when you finally get better you can decide to go full time into it.

That is why crypto is said to be unpredictable. It is not really easy to make money with crypto trading whether you have learned trading basics or not. It depends on your experience How much experience you have.
I suggest you do investment for long term if you have plan in future.

I would definitely going to disagree whenever I heard someone will going to talk to me right in front of my face that having or earning in crypto that easy is really going to be an easy money. I mean, this one is too good to be true and if you have heard this kind of thing and with the fact that you don't have any idea about crypto the. I guess you should doubt about it already. Cryptocurrency is unpredictable and volatile and with this definition you could already assessed that earning an easy money is impossible.

If you do not check what you are buying into, and only do it by the suggestions of others then you are going to lose money, that is 100% reality that won't change. However, if you do all of your own research like crazy and then end up being a bit better in profit, then you will probably get a bit tired as well.

There is no situation where you could make a lot of profit then you will get a lot more tired. It really tires you like crazy if you end up doing all of the research so it will not be easy and then hours and hours of research type of situation which is why it would maybe it could be easier for people to listen others and run away from it.

I see this pump and dump thing in a not very good way, because nothing of technical analysis or fundamental analysis is applied, just trying to catch movements to take the pump and win, sometimes the indicators are not valid, because there are only the pump when those in charge of these movements determine them (there are many telegram groups where they are dedicated to this) but in the same way I see it as high risk, because they are movements that bet a lot of money, it is like gambling.

Technicals and fundamentals doesn't really work or make out precise predictions since from the first place and we should really be accepting that fact because it had never been precised to rely

with these things but somewhat having these analysis would really help you to sustain at least this market and wont really be making out things without any basis for you to make use.

Don't expect that it would be simple on dealing with this unpredictable market.Dont set your mind to be a gambler because this isn't how this market works.

Maybe you have to link yourself to a professional trader or traders. in most countries they offers some basic/professional courses that will guide you additionally browse and make some research about what you needed, i guess you jump into without understanding most of trading principles   since ever i gat to learn and understand most the various involving i m happily making some earning from trading and secondly i trade only crypto in reputable exchange which happens to be world largest trading platform today. so i suggest you should choose where suitable for you before you could be able to make it.

I came to discovered that you don't use to carry out your personal research before investing your money on a particular project. Involving yourself in personal research in the community will help you to be happy through out your investment.
Don't miss this opportunity to buy more of bitcoin to be part of this celebration that is about to happen to investors. Bitcoin price just hit $43k to prepared the mind of investors both short term investors and long team investors to embrace happiness soon in the community.

If he thinks trading as gambling is wrong. I don't agree, gambling just guesses there is no market analysis. Trading requires a lot of skill instead of just guessing, if they do that then they won't last long. Maybe once or twice they are lucky but there will be many markets next they will lose money.
Technical and fundamental analysis does not necessarily give true results, but it may be useful to avoid even greater losses.

It would be good to use this break learning more about trading, and how can you prevent what happened to you before, OP. Since money is somewhat a issue right now, you can explore and research on your own. And better yet, follow the market analyses being shared here in the forum, and eventually learn how to conduct such so you could make it useful for yourself when you go back to trading again.

It's true that if we talk about trading and gambling, I don't think we can compare it,
I think it's very clear that in trading we can't just guess we need to analyze the market as well,
as far as I know gambling does not need to have special skills

All you have to do to chat is to work hard. You always have to keep an eye on the market. You have to know the market conditions and if you want to make a profit, you have to keep an eye on all the markets.  I think you have to keep a close eye on that song for the coin you will net.

It is sad to hear you write that you have failed and that you have to stop trading. I would have preferred you use your trading experience to restrategize and become a better and successful trader. I don't know how long you've been trading or how much you lost but I'll advice that if you ever consider coming back to trading, you should stick with the top coins on CMC.

If I were to say that from my own point of view, I would say that the popularity of this bitcoin has increased.  I think once the paper money goes up then all the transactions will be through bitcoin and we don't have to wait long for it.  I think it will happen soon.

Ever I heard with this statement about cryptocurrency trading like gambling, I think he not really understood about cryptocurrency and do not know what is different way between gambling and cryptocurrency working. I see some people as beginner in cryptocurrency without try to learn with cryptocurrency working will said as gambling, usually they have wrong position right now after loss much money in project investment they called bitcoin and altcoin as gambling.

Sorry to hear that, but thank you for keeping you head up and sharing your mistakes.

There's a saying that goes something like,if you fail to plan then you are planning to fail. Before jumping into a trade we must make a trading plan. And part of this plan should be planning for your loss especially in this volatile market. Learn to exit and cut your losses when having a bad trade. And thats what you did right now..  :) Take a break. Maybe trading is not meant for you

I think it's time to take a break from trading and analyze what caused you to fail,
and start trading again when everything is ready,
obviously there is no need to worry and think that to stop trading because after all everyone has experienced failure

Regarding to the losses made, I believe that proper money management skill will help. If you use lesser leverage or no leverage at all then when the volatility come your account won't shake. Also the use of stop loss is important to our trade, it takes better care of our capital not to go with the trade within seconds of volatility but it just guide you form huge losses.

I can say from my own experience that I am very much in the launch of futures trading right now. I bought futures trading in many high markets.But now I am in a very bad position.My request is that none of you go to future training at this moment. I am seeking the help of all the experienced people who have to read. Can I cancel my order? If said then I must be my loss though I will cancel. Please suggest me a little help in the morning.https://i.imgur.com/xscq2ve.jpg

Some people used to say that trading is not for some people. Some people use to research for a long-term. But they will still fail. Some people will not take their mind off their portfolio whenever they enter a particular trade. They have have that phobia for trading and they will eventually loss money.

all will always experience where there will be a downfall, as well as trading in crypto, the op has done and has tried but couldn't find anything to make the op happy, because it always has problems.
if you have done it, at least continue to study well, because the best teacher is from wrong actions and you try not to repeat it again.
a lot can be learned here if you really want to continue and want to learn from those who understand better and don't be lazy to ask questions.

gambling is very clearly not profitable and it would be a lie if someone said gambling could be profitable. but what you say that don't decide to be a gambler is clearly I really support.

true, indeed there must be a choice between trading and gambling which is clearly very different at all, because gambling only relies on instinct and is only based on guessing but there is no underlying analysis to be able to make choices.
if trading requires an in-depth analysis of every current and previous market movement so that it can determine the steps to be taken .

The best investment is learning, and most people nowadays just want to take an instant way to make a lot of money, many of them fall because of their own carelessness and end up making jokes about crypto, without realizing that they themselves are at fault. we only see someone's success where we don't know their hard work to be successful, Of course they went through a lot of hard work to get it like it is now

Whether it's gambling or investing, it's all a money game. There will be winners and losers. In trading we need to analyze and then have to rely on our own experience and skills to make the final decision, In gambling the risk will be much higher than in investment but we also need some experience or certain skills. It's not just a guess.

Crypto trading is favourable to those that obey the rules and regulations that guided the community. Many investors experienced losses because they want to make quick profit from wrong direction that will make them to lose everything they have invested. Try to carry out your personal research before investing your money to aparticular project that will not bring you happiness at the end of the investment. Try to observe the type of people you found around the market at a particular time to know if truly you are in the right position to make a good profit or to experience unhappy in your trading.

Don't allow the challenges you experienced from crypto trading to make you quit crypto trading because such mistakes occurred for you to become a professional trader in future.

Trading isn't going well always, sometimes we suffer major losses that could even ask ourselves if we continue doing this or quit. I was in this situation before and even have the time to decide to quit, and I really did for just a few days as I was thinking that I can make things good if I have to give focus on my trades. Fortunately, I win the feeling of being doubtful to myself and turn to have the confidence after making a good profit after the break. And I also realize that we need some time to relax in times of suffering losses as this could help to think of the best way to overcome this failure and turn to success.

In making a trade don't settle only on a single strategy there's a lot of possible ways to earn and take a risk to your trading still its better to make awareness on every trade you made not all the time bullish market gives you a profit always analyze the market to have an idea what are the upcoming trends. If you think it's trading is not to you and taking a lot of risk it's better to have a take a rest and patience, not all trades all about emotions consider the possible given information to keep you are.