Bitcoin Forum

Are you playing to lose or you are playing to win? a friend of mine lose all his bitcoin to trading and when he started complaining about i decide to take a look and i detected that he traded in a gambler's way.
He has 100$ and he traded just twice with 50$ which results in quick lose,im not an trading expert but most trading platforms always warn traders to limit their trading to the highest of 10$ which would have given him more chances to continue trading

Apart from not learning how trading works he is playing to lose,i think this is what many newbies are doing as well,if you are doing the same you will always end up losing your money,if you want to bet 50$ on a trade you must have thousands  of dollars on the trading platform not trading with 100$ and be praying for a miracle.

Trading is not something you can rush,expert traders out there spend days trading for profits and if a particular day is full of loss they quit trading for that day.

No one knows when bitcoin get back to 19k. I think your friend was optimistic on that way thinking he will win. However, he did not noticed the other face which is the side of lose.
Every new traders are aggressive to try the business. Until the long run by mistakes they have done they will be a professional traders. By the way even professional traders experience to lose. It means New or Professional are not exempted to lose.
It depends on how everyone deals the trading platform. Playing is not always about winning big value. Small amount once earned will become big.

It is always better to have some security capital while we are trading but not only the capital matters we need to know what we are doing while trading rather than picking a random trading pair and trading for it.SImply it is better to trade against the stable coin pairs when they don't know how the trading works.

I cant blame your friend cos many newbies like learning the hardway and remember that every single pro traders are all losers to trading at the very beginning of their trading journey before they actually became professional traders,its not easy to understand how market movement works and most strategies ive seen doesnt work for me either,we have to lose before we become winners its part of the procedures

most beginners when trading think fast rich without thinking about technical analysis, money management, psychology even though every trader must have all three.  your friend is also not wrong, it's a small step towards a pro trader, one mistake is better than not trying at all

this is going to happen with new traders whether it is anybody this is the law of nature people learnt by their mistakes finally they will learn many things.

Like you said, he is probably gambling, not trading  ;D

But serious, it's part of the learning process, I already lost money on trading at the beginning and then I started to study and research about trading, trends, read news
Now I can do my trades with more confidence

You should advice your friend to study first, it's not easy, and I speak for myself: keep distance of day trading unless you are a pro, focus on do few trades along the month, focus on midterm

Some bitter experience is good for lessons to be learnt. Sorry to your friend for losing money through such amateurish more means. I guess this is a learning process for him/her as a noob in crypto trading. Life is a teacher hence so far as we live we shall continue to learn from our mistakes to make things right.

He bought probably during the time when the market rises and many have been doing that strategy. But it's wrong to have that strategy if you can't afford to lose the amount you just deposited. Give him a reminder and an example on how to trade in a trader's way. You are right that you don't have to be an expert to excel in trading, it's more about the experience. Well at least that $100 was part of his lesson and charge to experience.

I believe your friend might have traded a coin cos of FUD and as such has lead to him losing his funds, he never actually took the time to study the flow of price, he just wanted to rush in and out. Hopefully he had learnt now

Perhaps your friend didn't know what trading it, he just jump on the bandwagon and putting his money on crypto exchange. This game is not really for the feint of heart, you really need to educate your self specially if you are a newbie. You can call it gambling, but here in trading you can mitigate your risk many ways.


Exactly, you need to take it slow in trading and not thinking of profit early one. Learn in the beginning, but make it a habit not to repeat your previous mistakes, and then read, not just spend your money here, but spend some time and understand how everything works, stop/loss strategy or even learn when to enter and then get out on time before you loss all your money.

Only traders with out knowledge about trading can lose their investment. Trading is good and profitable if you know how to trade correctly. It takes time to learn just to make sure not to lose but to earn profit. Me,personally earn just by trading but always not ib a hurry to avoid loses.

I will not be of the opinion of blaming your friend, he probably did what most of us did when we joined the cryptocurrency space at first and learning the hard way and getting burnt will actually make him sit up to learn and also not to commit almost half of his investment on a single trade at a time.

The more you trade, the better you are at it. You do not start a thing now and expect to be a pro at it at that same time. It takes a process.
There are times you gain and there are times you lose, but you need to ensure that your loses do not outweigh your gains.

Let me ask a honest question, does it mean right from when you started trading you haven’t made a mistake as such that could be attributed to inexperience or a beginner? I don’t think I have come across anyone who hasn’t got burnt on this space before.

You are absolutely right because those mistakes are actual lessons except the person involved is dumb to a fault otherwise some lessons must be learnt along the line.

thats why a lot of expert said if you want to trade in the right way, you should learn first before earn, and use a good money management system too
anyway i'm sorry to heard about your friends

10$ or 50$ is really not much if your intention is to day trade and scalp some profit. Trading fees and withdrawal fee will wipe your profit. True, trading is more like gambling as there are no certainty reading the charts. you only improve your chances of profitable trade through study and experience

your friend didn't knew how to trade correctly, and not only your friend but a lot of newbie traders will do the same
because they think if trading is easy buddy
regards

I think so. Many beginners got losses because they don't understand about crypto trading/investment. They just think too much about profits and high income without sufficient knowledge. They may be not aware of high risks from volatility on crypto market. people with these characteristics are potentially getting losses and quit in the early stage.

If your friend has used all of his amounts to get the coin at the high price and he has got the more probability to get lost too. It's not about how you can divide your amount into some partials amount to trade but a lot of consideration must be done in crypto just like the time, technical and fundamental analysis, demand and development progress.
It's not about how to divide your amount and invest it and it's about how you can predict accurate rate to take the buy position that will put yourself into the profit area

Trading can really be considered gambling if you don't know on what you are doing.You can lost up money as easy on short time.If you are trading like this way then its much better to play gambling instead.Trading shouldn't really be done on this way but as said this had been done by most newbies who do just jump to trade without even knowing on what they are doing but eventually your friend will realize that trading is much more worth to engage on when he do forseen the possibility of money making if its done well.

sorry to say that your friend was greedy, and that's result for his greed (i dont mean to judge everyone). Before trade he should learn about technical analysis and fundamental analysis, and also money management, it will help your friend to minimize risk.  Trade is trade and gamble is gamble, dont trade with gamble. To make many profit it will take a time, sometimes i'm not open position for trade for a week or even two weeks, just because my analysis is not good enough

with use of customs as reference from technical competence on traders preparedness the work might gives as chance to returns with target to commit as the terms of manage with plan on investment.

Yes you are right many traders are playing for loss and not only newbies sometimes even you are already have lot of experienced on this activity they did not learn from their own experience or in their mistakes. For me we can avoid that. When we have enough knowledge before investing we are free from loss. And sometimes too much greed will drive us to loss.

Your friend is playing like a 50% gambler wins 50% of the losing. When I play, I always put a stoploss to protect my capital. It's very important

I agree with you. Trading just not a game that you bet on it and win, it's more than that. Many newbies are actually don't understand that they'll lose their coin if they don't get idea how's trade works. If it's a easy way to earn money then many good and expert traders didn't spent their lot of time on it. If you win the race of trade you have learn how it works and you have wait for right time.

The very principle of this business is when you win someone loses their investment, it's a game of strategy and good plans, if you are new to this market better to find ways to understand it completely there's no going back once you lose your money, start studying and research all the tools that can helps you to lead out and be competitive, it's not a rush you can learn steps by steps process just be keen to enhance your skills, you need to have the right attitude and right overview of your system to be used while working around this business.

Almost all of the new trader going loss while they are involving in the trading if we talk about the crypto trading. This because of their foolishness of assuming that  all the markets are same. As the crypt market is highly volatile and there is no certain guidance body of this market there are many manipulation are occurred by the market maker. On the another hand if wee truly say that the price behaviour is showed totally by the market demand and supply of that particular market. So, again this behaviour worked on only the top giant crypto coin or the token.

yes , my friend have same experience. that's why we need to have risk management , don't over confidence and FOMO.
buy bitcoin when price cheap and hold for long term.

That is what will happen to people who don't want to learn more about trading. They just make a random buy without analyzing the market or just follow the other people suggest. Yes, that is happening to all traders, especially for the new people who want to start trading.

For people who are new in trading, and that person has much money, it is better to use little money first while learning more about trading. Try to make your first profit, then try to use medium money to trade and see how you can make another profit. If you can become familiar your way in trading, then you're good to go. But if it's not, then you need to back to use little money and learn more.

as per newbies, I think they are excited to trade and earn from trading,.. but they don't know the risk that they are taking..maybe they know it but they just ignore.. after they lose blaming is there

What im saying is if you have 100$ in your trading account dont use 50$ to trade because you will only have two chances to trade and if you lose all the 100$ will be gone but if you use 5$ you will have few chances to retry and even start learning how trading works.

This is a classic newbie mistake. It’s not that your friend doesn’t want to learn to trade. It's all about his character. Like poker, trading requires a cold mind and patience. Most novice traders and poker players lose their money because they do not know how to manage their bankroll (poker) budget. They go to the limits above, not leaving themselves the opportunity to recoup.

All he needs to do is learn how to manage his budget. And keep your emotions under control. Poker Face 8)

Personally, I do not climb into trading. I'm emotional too. Even the sale of coins from hunting causes a lot of emotions. Probably because I'm like your friend as soon as I start trading right away - money) I couldn’t beat it all.

Trading is not an easy money thing, it requires patience, hardwork and most of all you whould take the risk for being or losing money, sometimes you would gain profit in trading and sometimes not. However trading is risky especially when you are new to it or no experienced yet, its hard to have profit for the first time when you dont know how to begin trading. But it is normal to commit mistake on the first time as it may serve as an experience to improve more for the next time.

For me it does not matter to trade what percentage of the total money we have, as long as you know how to analyze the market. I myself when trading is uncertain, when I see a very good market situation, I can bet up to 50% -100%, it is very risky but for me it is an opportunity.

The mistake new trader is not wanting to learn how the market works, they are new but want to jump right into the real market and finally they are confused when taking a position. Not only learning about the market but management and fundamentals are also very important, it will be useful to determine how many bets will be placed.

It is true as we could see there are so many new traders nowadays most of them are somewhat related or connected to some old traders,
I think they just got greedy or jump into trading because they saw some of their friends earn a good fortune from trading and they think they could also do it so they just jump into it without a proper knowledge.
Most of them doesn't even know the basics in trading doesn't know how to read charts .

That's right, when we trade, then the main capital must still be protected in order to avoid loss or loss in trading, because if we trade like gambling it will always lose and minimal victory, then protecting the main capital in trading is very important.

Trading is not very complicated as purported by many, you just need to be good with your technical analysis and also trade with FA. Saying your friend lost all his bitcoin to trading sounds weird to me, didn't he/she set stop loss? Your friend should go back to the basics before indulging in trading.

Trading is not an easy aspect of earning in the cryptocurrency market, must newbies rush into trading after watching some YouTube videos and feeling they're ready to commence the journey, only to get stuck in less than 3 days as a result of their capital depleted. Trading takes much more and professional traders who manage large accounts still apply due diligence before entering a trade to avoid losses.

Your friend is not a trader but a gambler, he lost his money in a short amount of time, only 2 trades lost $ 100, that doesn't make sense, I think he needs to think about the difference between gambling and trading, you have to be a good friend to be able to teach your friends how to trade.

It is not about the amount of his trading portfolio but on his gambling ways of trading. It is also not necessary to start with 10% of trading, you could trade whatever amount you have and what is wrong about your friend is his knowledge about trading, or risk management at the very least.

I think you and your friend learned a lesson you could treasure, just remember to do the homework next time when stepping in on any trading platform.

There is no related to make same between gambling and trading, that is my point. Gambling only have 30% if you play with some strategies that you owned but in trading you have for almost 70% to gain profit with your strategy do you have.

I just weird when there is someone who made a day trading which no have knowledge against it. He only start to guessing a candle chart and set buying and selling based on that.

That is correct most of them are newbie, they forget the knowledge thing before start to trade. Because I haven't found there is someone who has a knowledge and he lost a lot of money on trading.

Whenever you trade, you should always protect your capital by setting a stop-loss order.

actually a new trader entered in crypto not to lose, of course, everyone who trades in crypto for profit. only emotional maturity that your friend cannot do.
trading is very different from gambling.
the trade  between profit and loss.
gambling between losing and winning.

Perhaps new traders overestimate their knowledge of the crypt and exaggerate their ability to trade. Here the risks of loss are very high. It happens when the profit from one or more successful transactions is completely lost in a few hours.

Learning is the best thing to do before start trading. All the traders have some idea about fundamental analysis and technical analysis. Those two things really important to trade.

Trading is not a quick real scheme and if you do some research before trading then you can achieve good results. Never risk too much equity on a single trade as if that trade not favored you then you can make a big loss. Always put a stop loss to each trade so if market go against you, you limit your loss and if your trade comes to a certain profit then you can change your stop loss to your buying price to protect your investment and close your trade at your target later.

Most new traders rely on luck and determination to be able to make more dollars because it is too ambitious. This must be addressed by newcomers for traders today. look at market conditions when you trade.

They are motivated by quick profits, but where is quick profit is also quick loose.
Instead of buying some coins and holding them on safe place, they choose risky move without any knowledge or strategy.

Losing is not that they want to happen of their early trading experience but they have already. In some reason why they lose us that, they might probably drag with their emotions and make control with their mind.
Market analysis and as well as effective strategies is very helpful in order to close such chances and turning it into profiting.

You should tell that to him.
Give him some good advise.
Yes it should not be rushed. It is not something that can be learned in just a day. But for $100, I do think that is a good start to just experience how trading works.
I did that before. My first time, $50 just so I could try it. I did it successfully though and then learned more watching videos and reading statements from users here.

Trading is a very hard and disciplined job. It’s not just logged in, pressed a couple of buttons and got a profit

the most decisive is emotions that are not yet stable, where experience is still minimal. they are still happy to make drama by telling others about the incident that happened to him, indirectly, this will interfere psychologically, which will be easily influenced by the decisions of others

$100 is just a small amount and it was a good lesson for him. But you are right, he could have started small but it can also be beneficial because sooner or later he will do the gambling with big amounts so it's a good thing that the already knows that it don't work and it needs a lot of precautions.  But newbies are really bound to lose first before they feel the rhythm of the game they entered and then finally profiting after.

No matter how very careful you are when trading you will sometimes always lose thats why its better to quit trading when you keep losing over and over,since no one can predict market movement anything can happen when you are trading,sometimes you will keel wining and sometimes you will lose too

Trading is almost like gambling, there we have to think clearly and not rush to take steps. If it is not sure to hold please sell if you lose 2-5%. Until now I have remained hodl despite losing more than 25% of my assets. Because trading money is not from main income.

it's better to learn to trade first before starting, losses are a risk. you must know what trading method you are playing, whether it is daytrade or longtrade. we must be realistic when taking advantage. if the capital is small don't dream to get a lot of profit immediately.
losing is a risk.
if you don't want to try again it means you are not a trader.
no trader always experiences profit.

As long as people are in bitcoin world (or generally crypto) it is fine by me even if they lose. That just means there is more people involved in crypto, if there are winners there has to be losers as well and if they are idiots who do not really care about crypto and learn how to trade which means it is their own choice and I am fine with it, that means I am facing a bad trader who doesn't know what they are doing and that would end with me making more money since they don't know but I do.

Bitcoin needs idiots as well, everyone is so suspicious of everyone and we are thinking there is some shady stuff going on with it and everywhere there is manipulators and speculators trying to make moves that would make them more money than normally would have. So if we have couple of idiots that is just fine, we have enough smart people some idiots would be great.

In most cases if someone loses money in trading, they are even more ambitious to continue trading and try to cover the losses beforehand, but unfortunately it does not function as expected. if you have the courage to trade you will not run away and it is better to use other strategies to cover your previous losses.

Trading requires patience in a hurry that won't work because trading in cryto is not that easy we have to watch the market movement and sell coins at a price higher than the initial price we buy that way to profit if we sell at a lower price than the purchase price  it will be a loss

Crypto trading in most cases is just a gambling, we should admit this :)
Professional investors are playing in a different way, they are not trying to get rich fast and don't feel any FOMO or FUD when making trading decisions :)

Nothing is free in this world and if you are going all in, you will lose everything. This is not my opinion, I believe it is reality and a good trader always knows that you need to diversify your portfolio and trade with less than 10 percent, to become successful.

This is the first time that I will be hearing from you that they gamble with trade again, I use gamble often actually for those that I feel they don’t analysis the market before trading but does not mean the real gambling, but based in what you said here, it seems you are talking about the real gambling here.

There is no one that will be insane to just come to the market with the intention of losing money, but there was something that I did also when I first started to learn how to trade, after I learn some certain strategies, I felt the best way to test if I am really good with it is to test with little amount, so I did not trade because I want to get something back, but to trade just to test my ability first, and I feel that was what your friend did.

I don't mind others's things cause that's their problem, their fault to lose money.
Just need them not to blame market and others fault.
Money in this market was circled. There must be someone losing for the rest make profit.

Money is not taken out of thin air. If someone made a profit it is likely that someone has suffered losses. There is no one to blame and even more so to blame the cryptocurrency itself.

Sounds more like gambling than trading. Better to either look at it like an investment and buy a good coin and simply hold (or just buy $100 worth of btc, hold and forget about it) or if someone wants to do the trade thing, do some research first and know when to buy/sell.

$100 is such a small amount though, so it hardly matters really. I mean how much did he expect to make, like $30 out of a couple of trades? And then factor in fees and time spent, and it's probably not worth the hassle.

If someone with $100 came to me and asked how to invest it, I'd say just put it into BTC or ETH and hold it, or put it all on a longshot coin to hold and consider it lost money.

Concern also about your situation that you have lost due to wrong predictions for trading. I agree with you that trading is almost the same as gambling. requires proper analysis and is not in a hurry to determine the steps, because it will experience a big loss. but this is a risk of the trade, but if you can anticipate it can also be sure to get a big profit.

Many amateur traders are actually playing to loose in the sense that they don't know the rhetorics behind trading, from my personal experience in trading which wasn't favourable, I always rely on people's trading calls because I don't how to read charts and the technicality involved in trading and those people I rely on their calls, I don't know how much expert they are, so when I went to trade I lost the $200 I started with because of wrong trading calls.

Coming to the crypto market to invest, without the prior knowledge of the volatility of crypto currency or knowing about how volatile it is and yet investing without accurate information is like gambling. Which means that you stand a chance to loose what you have invested. Therefore, knowledge is very important.

That is what we did for the first time we trade. We risk our money to make a profit, but unfortunately, we don't have good skills in trading, so we get a lose. But if we can learn more about trading, I am sure that we can avoid getting a big loss.

I am not an expert in trading too, but at least, I want to learn about how to analyze in trading, how I can get the right time to enter the market. We all know that only with skills, we can make a profit even if we only have a small balance at a start. I agree that we need to know when we need to get out from trading no matter if we lose or profit on that day so we can trade again in the other days.

So if we can be careful in choosing the coin from the result of our analyze, we can have a chance to make a profit. But we need to remember that the market cannot be predicted and sometimes, the market will run without news.

Well it's his own fault trading without any knowledge, most new traders just getting into the hype and fall for market condition. They need to learn first all about trading then start with a small capital and when they have enough experience they can go for higher funds to trade.

That is the stupidity off some traders that we are talking about here, how can you just jump into a terrain that you are not familiar with without first learning about it, and I see that we have many traders that are also quite greedy, they have the knowledge and they have the skill but greed and too much expectation is what usually lead to their downfall.

I have a friend that is not rich, and wants to start trading with $100, instead of just respecting himself, he wants to take big from $100 by leveraging at 20x, and despite all my advice, he said life is all about risk, and that was how he lost the money within seconds, so those type of stupid traders, I usually leave them to make mistake and learn their lessons, maybe they will have a corrected brain by then.

Strongly agree with you trading is the same as you said so we cannot earn from trading without being careful we should increase our knowledge before getting in trading and learn it properly about the way of trading and it Will be safe for you if you Will be aware of all trading rules properly and trade for long term at beginning.

Trading requires some sort of learning and mastery skills of the market. You can't win if you don't understand the market and play by it if you are naive or a gambler you will lose your funds while trading.

Do you know is site globemining com a good seller? I haven't found any reviews at all, who knows?

Hi, this is offtop I guess, but occasionally it it's a good one, as I personally know them. Bought from there  with no delays. For short, no bad experience at all.

Is shipping free? One guy told about free one but I know for sure, that S&H cost a fortune in US. No?

No not free, 100 USD per order. Not per unit but per order.

Thank you!

You are welcome! So you are buying there something? What?

Yes, it's different between trading and gambling. And most people thinking that they can get huge profit only in just 1 or 2 days trading.
They are rushing and not thinking to predict what will happen on the market in the future. Maybe it can be a lesson to people who want to start to join in crypto.

Yeah, I thought about some asic miner but I can not decide what model to chose. What do you think?

 I would have taken S17 pro as the price on is very cheap on globemining

When one is in doubt what altcoin to trade against the bitcoin, I advise they trade a stable coin against the bitcoin or a fiat against the bitcoin. If one picks a dead cat bouncing altcoin, one may end up shooting himself when developers dump or when something go wrong with the altcoin network like we have seen in Eterbase and other shitty coins.

Luck is also an important factor, this is due to the many facts that market analysis and mastery are not everything, sometimes luck is a very important factor for a trader.

A lot of traders lose money because

(1) they bought in at resistance, instead of support
(2) they invested in worthless (shitcoin) projects
(3) they are too impatient and will quickly sell at a loss so they can go to the next trade
(4) they FOMO into a trade
(5) they panic sell when the price drops
(6) they based their trading decisions on social media posts

trading is not only concerned with profit and loss, but how to manage the capital you have to get maximum profit and keep your capital safe. If as a beginner trader needs to learn capital management, if only trading without regard to it, we can be sure to always lose. and what needs to be studied further is about Fundamentalism and the most difficult and complex is TA (Technical Analysis). I'm also not a pro trader, I'm just a small trader who uses the moment and then HIT and RUN.

They said : Holder took it all. In reality holders are losing money by time  :-\

They said : Traders are playing to lose. Alright, but, who is winner for this game?

I think, it's up to you. Chose right time and got money, ortherwise, you jump in bad time and hope miracle?

He has $100 and start trading with $50? it's ridiculous, if you have big or small amount of money to trade, trade with few dollars first to gain you psychology also he need to make money management and don't be too confident that trading is easy way to be a rich guy

I think that many people have such friends,I myself have made such mistakes.Well, there is nothing terrible,the main thing is not to give up,learn from other people's mistakes, so as not to make their own.Be patient,and experience and success are sure to come.

I need some more time to consider, I would take into account you personal advice too.

Take your time. Always better to doublecheck other possibilities before purchasing anything!

I cant blame your friend cos many newbies like learning the hardway and remember that every single pro traders are all losers to trading at the very beginning of their trading journey before they actually became professional traders,its not easy to understand how market movement works and most strategies ive seen doesnt work for me either,we have to lose before we become winners its part of the procedures

I also found a lot of people who are like that, but it is better than them doing forex trading where they really will rivet their money in an instant different from bitcoin trading, at least they still have a cryptocurrency that will someday touch ATH  ;D

trivial, inexperienced, just fad, impatient and not in the right references group are the most reasons why new traders lose for the first time.

exact... after you have the skills, experience, and enough references then only luck is what you need.

What do you expect when you gambled with your money, you neither win or lose. Your friend aims for higher quicker money that will pay off hugely without much stress of re-betting continuously to get the amount he wants. He aims high,so he should try again later. There's no harm in trying again and again, he will win this time (lols)

When the market grows, you can profit by trading on the exchange, even with minimal trading knowledge. But if the market is the same as it is now, it is not surprising that many people lose money when trading on exchanges. Without sufficient knowledge and experience in trading, losses will be commonplace and trading will turn into a game of chance that has nothing to do with trading.

I agree that trading is not something can rush. Even experienced trading will definitely use a strategy to make a profit and they always make a trading plan. Cryptocurrency is different from forex, which is more stable, crypto movements are sometimes very extreme

Knowledge is required in trading. If your friend is new in the industry and then invest in large quantities. I guess it's too risky because your friend has no experience, so lose a lot of money. Trading requires patience and the right time to buy coins and sell coins.

Everything must be included in the calculation including trading. does not have to be big capital when it is learning. if we already have a mindset that is very profitable at the beginning it will be a little difficult because here on average they will find it hard to beat lust

Analysis techniques can be learned, many sources of knowledge can be read. What's hard to get is the experience. Being a trader with a strong mentality requires a lot of time, ups and downs, losses, and other bitter experiences. That is what builds the experience to be able to exist and adapt in the cryptocurrency ecosystem. Trading requires analysis, not just luck as gambling. Risks must be understood, never invest money that you can't afford to lose.

Indeed. Knowledge is nothing with acquiring experience. An experience is must in order to execute those technical analysis that is being learned. Risk management, experience, technical and fundamental analysis are the things that a trader must apply in order to be a successful trader. This is why it takes time to master trading.

Some people thought that trading is just buying and selling and it is not. You need the knowledge to study patterns and movements in order to make an entry or exit. As a newbie, it is normal to lose sometimes as this happens to to expert traders, just do not put all your eggs in one tray so you will not lose.

There is no trader that has never lost, the market is not favorable at all time, sometimes one may have assumed he has made the right entry and the next moment, market dumped and goes heavily against him. It is from losing that one learns, I have lost huge trading as a newbie but they constitute what I know today and apply to win

How many new traders wants to listen to this advice,  all they are just after is how they are going to enter the trade and picture the amounts of money they can make with little without acknowledging that everything is to be played by the rule, most traders that we even see just  picking interest in the market now does not even wants to go through the stress of learning how to apply strategies, so what they do is to use gut instinct to place order for their trade and then sell still using gut instinct, but you know what, it is better that they do whatever they like, when it is time for them to be thought lesson, no one will really advise them to run after the knowledge because they will need it badly after they have failed several times.

Yeah it is the perception of most of new comers that trading is the easiest thing to do to profit, some take as a game to earn money, some thing it is as easy as buying and selling but the fact is that it is highly complex market structure with dozens of factors and market can move in any direction any time that is why we have very rare amount of successful traders and most of the bew ones just loose.

1) Whoever thinks this level is resistance should make an analysis based on the historical price chart which can't exert influence on that price is high or low
2)  Shitcoins can be found on the small exchanges which experienced traders avoid
3) HODL has some disadvantages for impatient people, maybe this potion is better for them.
4) FOMO is a real price exponent of the uptrend
5) Panic selling kills the market liquidity at full speed
6) Socia media mentors are anonymous in general, but the real traders also share the trading setups on the respective platforms.

Of course, trading on the crypto market is somewhat similar to gambling in a casino, but I would not compare them. Because while playing in a casino, it all depends on your luck. When trading in the crypto market, luck is also important, but your knowledge and skills that you apply in trading are even more important. The ability to remain calm and patience is also important. If you have it, then you will be successful in trading in the crypto market.

the most important thing is not giving up.
trading is not an easy job, but it requires a lot of practice and practice.
keep trying

That is a normal newbies experience tha loses in trading, I advise in every loses learn where did you mistake and analysts it well.
Trasing is not an easy job need to learn and focus to avoid loses and mistake decision every now and then while working in trading.

At least he will learn something about that. But maybe a lot of people face something like what your friend do too. Especially if they can get their first profit. My friend after get his first profit, really confident about trading and use all his money. I already warn and i said it is better to get a lot of capital first with earning coin but like what peoples do, they try it by themself and then lose in trading because don't know basic or maybe strategy in trading. Only know buy and sell coin.

I just wish your friend has known better. It's not healthy to trade like that. It's like putting all eggs one owns in a single basket and throwing it across a field, and expecting none of it to crack. What he did is not the proper way to trade. when one wants to trade, you should trade with an amount you can afford to lose and if you have lost severally for a day, you should stop. Take a break because the optimism that things could still work out for you to win might actually be disappointing. There is a thin line between trading and gambling. One has to be learned about trading to be able to do it right

Lack of knowledge and strategy are the problem why he end up losing his money. Trading is like gambling but you can set a plan to prevent yourself from losing your money.

Trading is not easy as it seems, however mistakes are normal because thats how you're going to learn.

So before you decide to trade have a research because there's a way to do it right.

Success and rich instantly is one of the worst mind. Sometimes we not patience with process and dont want to learn. This fact will bring us to wrong decision. We all know gambling is one of the most high risk system. But all is depend on how we will put our money for,we cant control other people. From this maybe your friend will more be careful.

In my opinion to become a good trader with altcoin , first you need to boost your confidence because it's not easy especially on this current situation of market . And second be yourself which is don't rely on others opinion and thoughts . Always look for ways and build new strategy to reduce risky situation. ( Learn how to fundamental and technical analysis ) because that is the most important.  Lastly don't panic and always control your emotions.. like what i said build new strategy  instead to protect your portfolio and to reduce risky situation. That's it the basic rules i know mate. Think positive  goodluck!

You are right about your friend, if a person does not have or has little trading experience, then you should not trade all your money at once. In this case, a person should divide his money into many small parts, and trade each part separately, in case of failure you will lose only a small part of your money and will be able to trade further.

My opinion you are right thinking so many new traders available falling lose. because they are don't know about good quality coin. which coin future must can do pump they don't know. when any body want to trade need to more known and big patience and wait. need to invest big capital different quality coin. if any coin bear market do dump, other coin can do pump then we can  recover our capital. so carefully need to trade.

When traders don't learn about trading, he will lose his money in trading. That will happen too with the new people who want to try trading because many new people don't know where they can learn more about trading so they cannot make their first profit. But if they can get a good lesson about trading, I am sure that they will be able to make a profit in the next time of trading. Not only that, they can get a bigger profit by choosing the right coins.

It's true that most of new traders are in lose on crypto-currency trading. To be honest whales are getting benefits from tradings. It doesn't mean other people's are not gaining. But you need to be a experienced person in order to get profits from crypto-currency trading. If you just trade like glambers then most likely you are going to lose your fund although its depend on your luck. But fortunately you need to learn market analysis for be a good trader.

The same thing happened to my friend. Usually, he doesn't trade but recently he found a signal group, where he saw some successful signals! So, he decided to start trading without knowledge and he ended up with lose! Trade needs experience, knowledge about the crypto market, price chart and patience. New people should gather these virtues before trading!

Trading cryptocurrency requires a great deal of patience and skills, one needs to learn the basics and hope to grow in a the process. I remember the time I started trading cryptocurrency, it wasn't an easy process learning how to set trades and I can say it takes some extent of luck to be a good trader.

I play to win but what often happens is losing. I like to trade in binance and use bitcoin to minimize losses because the current price of bitcoin is increasing. related to trading, I think we must have extensive knowledge before doing so and never be greedy if you see an opportunity to sell immediately.

You should be give an advice to your friend that as you says trading is not something can do with rush and there is no instant way how being to expert traders so it took plenty of process to reach as good traders and losing the money is became an common thing in trading but do not give up and learn from the mistakes is necessary to makes us better

Newbies lose in trading because of lack of experience. They only see the good side of the picture while completely ignoring the other side of the image that they have a chance of losing too. I myself have made those mistakes in the past and have learned from my them so it is essential to learn from your mistakes.

As sad as it sounds but many are trading to lose. Some think trading is something you jump into without any prior knowledge or guideline from an expert. They say knowledge is power therefore to win in trading one needs to seek the knowledge first from experts. I think you should talk to your friend to first learn all about trading before he ends up lossing all capital.

Cryptocurrency trading does have a very high risk, we can lose money if we are not good at analyzing and buying coins for us to trade.  Moreover, your friend is a beginner.  You should guide your friend so he doesn't lose his money.

Before buying cryptocurrencies, your friend should have learn how does trading work by trying trading with a demo account on some exchanges. And you can't always win immediately. He should study more about how cryptocurrencies work too and be patient before taking a decision. And he should accept the results of his actions.

I also started trading in the same way. This is really a very big mistake. Unfortunately at that time there was no person around who could tell me what to trade in this way is not worth it. Much easier now. There is a lot of information about trading online and it will not be difficult to find a mentor who could teach you everything.

What kind of trader was your friend? Swing trader? Did he instantly lose all the $100? If he is a typical trader he can still hodl and wait for another pump. But if he is a margin/swing trader. Necessary precautions, not hastily entering the markets, good technical analysis was needed and possible that he might lose that $100 in an instant because of wrong entries and strategies.

As long as you can manage your money, you can easily limit your loss.
Trading is not a good way to make money quickly. You need to be calm. Making a profit of around 1-5% / day is good already, as long as you not rushing it.
In trading If you greedy, I'm sure you will be losing more.

New traders are playing to lose because the amateur traders fail to learn and practice first to gain the required expertise before starting their crypto trading. Cryptocurrency trading is a whole profession which cannot be entered without any knowledge on how it works. The fact it, it goes beyond the normal principle of buy low and sell high.

In my opinion, in general there are other options that make it possible to somehow earn. And trading is only one of them

But what are other options, from your point of view? Any you can outline?

Well, from my point of view, in here we can also speak about investing, holding and, for example, mining

Hmm, I would say that mining, for example, is a bit more complicated and requires more knowledge

This is indeed so. Cause more things must be taken into consideration in here, like costs and equipment price

Absolutely. And have you ever tried mining on your own?

Yep, I have. And that's why I am sharing the experience

And how have you been choosing the equipment? From my point of view, one of the most fundamental questions

I was choosing on Globemining com - have a look at what the guys are offering. Truly wide range of different devices, so you will indeed find the one that suits you the best

Thanks a lot for your recommendation, will have a look at it shortly!

A trader must be able and observant to see market conditions, so they can decide whether to buy or sell, and this is where the expertise in analyzing coin price movements are needed, by analyzing market movements, of course traders can minimize their losses and even today many telegram channels that provide information about cryptocurrency analysis now, and I think you can join by paying a little money to them.

Thanks for the add up and I think every reader will appreciate it if you could post some links to authentic telegram groups or channels where lessons on how to become effective cryptocurrency trader are shared. Because knowledge is very important if a trader intends to have a successful trading experience.

He should trading as trader, not a gambler. I mean, we should calculate the price movements of the coin before we buy them.
If we know the coin price is on the bottom, we can buy the coin to trade it and have more chance to sell it higher later.
And i wonder why your friend didn't sell the coin before it goes too low, trader should be able to cut the loss before it worsening.

Lack of adequate trading knowledge leads to painful losses and that's what happened to your friend. Trading is only meant for those who have taken time to study everything about it and not those who gambles with it. An expert trader takes time to study a coin before trading and not jumping from one coin to another without good analysis. Advice your friend and direct him accordingly so he don't end up making same mistake in the future.

Most new traders just want to make a profit without thinking about strategies that must be used and careful analysis. analysis in terms of trading is very important to get profit. therefore many traders lose because they don't think about analysis and strategy.

Why what's the difference of 100 and a 1000 budget for trading? Even a trader doesn't have much spare money to use in trading I dont think it can be a reason of losing in the market it is just an alibi of not having a good experience in trading in the market. I know some good trader even started in a small then making it huge by means of technique and patience. What other people need is mot importantly is skill and patience. If they dont have these then this kind of business isn't for them.

Your friend is just gambling and his strategy is really ineffective. He really needs guidance and inspiration now.
and so I think you should be taught by someone who is good at trading signals.

If you have only $ 100 and you are new to trading, then in no case do you need to spend them on trading one pair of coins. Break this amount into dozens of pairs, or set aside some of the money in reserve. If you do not know how to trade, it is better to learn how to do it with small amounts of money.

lack of knowledge that makes them lose in trading, in trading requires knowledge, how to analyze the market, determine coins and also see price charts. if a new trader does not have the skills of course very risky if you directly take part in it.

new traders do not have mature knowledge and they think trading will benefit quickly, even though it's not as easy as they think. in my opinion trading requires mature knowledge and patience in observing price charts. although it is very risky but also profitable if you win in trading.

Learning to trade without loss for the new day is very difficult. If you do, then the illusion of capital is created. I think we should get down to trade by studying.

Trading might appear to to be the easy way to make it but trust me it very demanding and entails a lot. Not only the financial stability you have to gain before start but also  the whole process, technical and time involve.

When you are new and entered into the crypto trading business to make a quick buck, please keep in mind you can't do this. There is a high risk of losing funds in trading specially when you try getting rich. Better learn things first, start with a small amount like $10/$20 to get knowledge of how thing works. get tips from pro traders but not a shiller. Trade only in reliable exchange and with a popular currency like BTC, USDT, ETH. This will cut off your chance of losing funds.

trading without losses is impossible. the market cannot always give only profitable trades. sometimes it will knock out your stop loss and you will lose a little, but that's fine

No one wants to trade at a loss. It seems to me that your friend simply does not have experience in trading. Newbies often lose their balance and this is normal.

It is very normal actually.Trade is very hard thing to do and even experienced traders having tough times from time to time. Inexperienced traders would rekt.Mostly new traders was forced to lose some money. They have to considered it as a profit in knowledge and loss in money alone.Once you learn with the loss, your mind will not forgot the things.Once you learn trading full, it will gives you 100 percentage profit for your investments.

As a beginner, they have emotions that cannot be controlled. They buy coins but do not pay attention to market conditions. At least they did a review by looking at the movements of some exchanges like Binance.

As a beginner, they are too easy to lose money. But we also give appreciation because they are interested in trading. This is crypto need to thrive and can attract more investors.

they play to win but don't consider all the consequences, while in trade it's a very high risk. for example new traders who do not have extensive experience about trading and they plunged into it without the knowledge of which made them lose. if you want to trade, do it with little capital and also while learning various ways to trade in several sources.

yes it is indeed very reasonable for crypto trading. especially for those who are just trading crypto assets, surely they will feel the difference from trading crypto with other assets.

in addition to ability traders should first learn about how to develop trading in market conditions that are not so good. but this way they will get valuable experience.

It is a game of whales and small fishes are the victim of an attack in this ocean. There is no enough power by the small group of traders in order to push market forward and back. The altcoins are investable but everyone should take care of the amount they intend to lose in the stormy days of the market.

Do we really have a pro trader, I can bet with you that most of the trader that you see place buy and sell order today don’t really study analysis or make use of any before they make trade, and they just look at the market and use their instinct to place order which has always been very wrong.

We only have very few people that knows how to make use of technical and fundamental analysis to really check a trade before they go into it, so I just look  at when  people complain of losing sometimes, and then I just shake my head for them because how can they not loose when they are just playing guess game, and gambling with their trade, which the op friend is honestly doing and never to be relied on by any trader who is willing to continue trading for long.

We all went through something similar. At one time, I also spent a lot of money learning how to trade. I bought one coin with all the money and traded it, bearing great risks of losing all my capital. It was only with experience that the idea came to me that it is much more reliable to divide your money into several parts and trade various coins.

i think most of new traders are doing trade like gambling , buying without knowing anything and just hoping for price raise then lose xD

I don't think that's a problem because everything we've gone through in the beginning has failed and when we have had experience, we don't realize that we've experienced the same thing. So, it does not become a big problem if they lose at the beginning because it will all become a lesson that will make themselves better about this.

The beginning of 2019 market prices was difficult to predict. But if you do daily trades, I think you have a lot of advantages. As a beginner, it is better you should be able to play fast due to market conditions especially Bitcoin. If the price is high it will not last long and then definitely will go down. Conditions like this are better for live coins sold when already making a profit.

However, if you want a long-term investment, of course, it can. But you also have to be patient and not panic easily. Because in trading you should be able to make a profit and do not lose.

New traders are hasty to earn money before get knowledge and experience from old traders. The result is blatantly obvious, they are playing to lose, nevertheless, new traders are new traders, it is simple. It is not easy than expected. Step by step you will learn without knowledge it is so risky to trade. No pain no gain. If you decide the learning to trade, you must be patient.

That's the way it should be but somehow many of them quit just because of the bad experience they have. They consider trading as a trial and error and mostly they think that trading will give them a big shot at first which is not. We'd like to see people become a successful trader but to ask them how many time they've lose...it probably countless of times. 

They are inexperienced, but they already want to get a big profit.  Whereas Cryptocurrency trading is not the same as other trades, where here we are required to know and have knowledge in Crypto trading.  We have a lot to learn, if we don't have that then we or the new traders will surely lose money.

Well, naturally, I am not sure about the credibility of this statistic, but I have heard that 95% of so called "traders" are losing money in the long term, so to be one of the "winning" 5%, you cant take a half-baked approach to it.

Trading is not something you can get in a short span of time. Traders jump into the crypto market by getting trading knowledge to ensure they may not experience loss. So we must learn about crypto knowledge before trading.

95% of novice traders lose their first deposit. Cryptocurrency trading is a rather difficult task. The reason for this disappointing statistics is the poor preparation of beginners, who make the same mistakes. In a hurry, trying to make money on the cryptocurrency market, newcomers skip very important elements in trading - money management. So, they make a very serious mistake - they transfer all available funds to the trading account at once.

Trading is not an easy way to earn .However a master trader always earn a lot from trading .He has a lot of strategy to go through and get profit always .I know something what they really follow .They are always being patience and not greedy always .They are strict on their strategy .A smart trader always try to cut their profit level a particular tp level .Most of the newbie trader lose their money cause they invest blindly and most of them are greedy as well .So that we have to learn many things before start trading .

Trading doesn't just start and end in a day. I remember when I used to trade in bitcoins, I could wait for days before I get my preferred movement and then to start and new trade. Do not use coins that are new on the market to trade because they might be too high to buy at that time and it will continue to drop after you buy so always trade in coins that are in the system for over 3 years and above. That's the little I can add to it.

@OP
That has been the normal thing for most of these newbie traders. They don't really take the time to check out how trading works they just go straight and jump on the ship and expecting to make profits and at the end they will lose their money. Another problem that a lot of them have is that they don't even know that cryptocurrency has risk. They feel like cryptocurrency is a space where they can just walk in and invest their money and start making a lot of money as much as they want and when they are done they can just leave, lol. They don't know that there are risks and they are likely to lose their money while trading Bitcoin or any other cryptocurrency.

I have those that introduced them to blame. Some people will be telling others about Bitcoin and wouldn't explain property to them and let them know that there risks involved , rather they just let them know that cryptocurrency is for them to earn lots of money . When these newbies are joining they just have it in mind that they are just going to walk in and make lots of money but it's not like that.

None is better than the other they are both the same thing and there really isn't any difference , it all depends on what you feel will work best for you. If you feel like long term will be the best option for you then you should go for it and if you feel like altcoins is better , then that's what you want.

that's right, it all depends on our own comfort and of course it also depends on our expertise in assessing market conditions and the latest news that supports it. so we don't need to compare the two, we have to do what we feel is convenient and beneficial for us.

You beat me to it , the journey to become a successful trader won't happened overnight.. continue learning day by day , make a plan and making progress out of it.

Too much uneducated newcomers rushed to gain profit with zero effort , no wonder they are ended up losing the whole balance ... they deserved it all with their loser /gambler mentality.

The profit one can make from a $10 trading is too insignificant. Then it would be better not to trade. If you are trading, trade with courage, if you win, then you win big time, sameway if you lose, then you add up to your experience. There are two ways to every decision one makes in life

I always believe trading must be done by following money management. One should always check the lot size of its trade while keeping in mind of its total equity in the trading Ac and if one is not following money management then I must say he/she is a gambler. One must make its own strategy to trade in a systematic way and always follow it.

Trading is not roulette, where you try to tickle your nerves. Trading is a job requiring painstaking work and certain skills. Without basic knowledge, you are doomed to lose, and this is the law.

Your friend probably gambled on pump & dump coins and lost most of his fund to heavy dumps. I guess he still have some funds in the the exchange he traded on but can't trade anymore due to trading limits. If he wishes to continue trading he could add little fund to cover his trading fee and continue trading or convert his holding to main cryptocurrency then withdraw his remaining fund.

And probably your friend doesn't even know how to read charts or do technical analysis. Bad risk management and zero TA equals quick disasters or instant liquidations. I suggest your friend should practicing with demo money first.

i'am newbie at trading and that happen to me too for real  :D some times when i already have some coin and seeing another coin pump and ill cut lost my asset and buy that the another coin that has pump xD by the time i realise that decision is make me lost my money and i start from my mistake to not doing again. and thanks for the tips it is make me reliase how to not going all in on 1 coins

The excessive enthusiasm of making quick gain in any trade or business is usually dangerous, and it tends greedy when one doesn't invest by bit, most especially when the general market value is tensed. Trading involves skill and patience.
There are traders who collect cash from people to trade for them in Ponzi form, they wouldn't want them to know that the market is bad, they keep losing in silence and robbing Peter to pay Paul.

This trade may be very complicated for beginners. Even seniors who continue to trade can also suffer losses. Your friend lost money because of the rush and didn't analyze the trading chart carefully.

Maybe I was lucky because of the focus on Bitcoin, and Bitcoin in this year is very high. As a beginner, I recommend focusing on one coin that has a large volume.

Examples are Bitcoin and Ethereum. Given that Bitcoin is now very dominating, you are changing the focus on Bitcoin.

That's how exactly what is happening inside this market, many new traders who failed to understand the market much deeper are playing to lose their money, without good control of your emotions it's easy for you to decide cutting your possible loses and make sure that you'll not losing your initial investment as a whole, while wise traders are just waiting for anyone's mistakes and grab the opportunities right away, it's needed to be well practice
and good dedication focusing your mindsets on how to work things to favor in your position, it's not an easy task but if you are willing to take the risk it can bring good profits.

It is normal for beginners always losing in trading, just like me when I was a beginner I always losing my money in trading, but it just small amount like $10 just practicing how it works until I gain knowledge about trading style you know, the strategies, stop losses, patience just like that.

You don't lose if you don't sell.  It's pretty simple.  I guess in theory right?  I suppose new traders to need known exactly what they are getting involved in first.  Do lots of researched, never make an emotion decision on a trade, or panic buy/sell.  There are lots of resources to help make a profitable trade decision, even run test trades.  If I knew now what I didn't back in 2012, I'd make a hell of a lot of money, just by backtesting alone.  Hell, I didn't even know what backtesting was until smart bot coin made it open to use.  Most of the trade simulators I've seen are either crazy expensive or you need to code them from scratch.

But anyways, new traders, just HODL and you'll be fine. 

Many traders are dumb, thinking they could outsmart the markets without having any skill in analyzing them. Some even mock technical analysis as nothing and compare it to tarot card reading. I'm sure they will get wiped out one day.

Same with me, as a new trader I use a trading bot also because that helps me to trade while I'm at work or traveling. I can use my spare time to to do manual trading and when I'm at a vacation or at work my trading bot is doing the work for me, and yes! it is profitable :)

New traders are waiting for a repeat of 2017 and many newbies who think that trading in the cryptocurrency is easy, that's how it's all treated as a game

Now the situation in the cryptocurrency market is not the same as it was in 2017. I think that market growth will not be as big as before. The growth of the cryptocurrency market will be global and smooth.

Crypto can bounce back even though it might not be like 2017, many people hope that time can be played back and beginners can only observe history and look ahead. There are a lot of things happening this year between countries that have already begun economic industrialization with Crypto, of course this will be more interesting and Crypto will increase because it is recognized by the world.

Venturing into a new life must cost one something and as a  trader you must sacrifice something before you can get use to it. I can speak of my experience, the first time I get into trade I lost almost $300 which is much more valuable in my local currency, till now am still feeling bad about my lost. It was after the lost I gained more knowledge and insight into trade, till now am doing great with trade as never before.

Maybe they are not playing to lose, but they just don't know how to trading yet.
Your friend would not losing money if he sold the coins before the price worse.
When trading, you must think yourself as a trader, not as an investor.

In my opinion trader statement not a easy so needs for that more skills, basically i am in here more time but i can't understand fully about trading but i can do something necessary making some profitable. Seems like that i want suggest everyone new traders take joined popular trading group and keep learning more and more then you will make profits.

Is your friend margin trading?

Else technically if one bought something at price A, unless that thing became $0, else he won't lose the entire $50
For example if i would have bought Ethereum at $1,000, as long as i hold and don't cut loss, i will never loss the entire $1,000 (Unless it went $0)

The main problem with trading is that most people have no constructive trading plan to enter and exit
Most just bought a coin, then hodl and believe that it will come back
Of course some coin does come back but not all

Thus, always have a trading plan and void off emotion because emotion kills

I often wonder what is a trader? Is it something you can learn then how do you learn it? How can you become good at something if it is like gambling? I see these stock exchange apps on google play and they all show people winning money not losing. It looks just like gambling and you choose up or down. How can you possibly train or study for this? Yet you do get full-time traders?

Beginners, as a rule, give preference to trading with one asset they like, while not paying attention to other cryptocurrencies. However, it should be remembered that the market is never just rising or falling. In those moments when your favorite asset is down, other alts can offer excellent opportunities for profit. Therefore, traders using a diverse portfolio get more profits

Many of these new investors are amateurs and lack some basic skills and expertise when it comes to cryptocurrency market analysis and market prediction. Cryptocurrency investment is a whole profession on its own and new investors must see it as such in order to take some time to learn the fundamental concepts underpinning it’s activities.

Thats quality over quantity, choosing many shots to win more I guess. Most of the people think that big investment means big returns too but they forget in the process that it also has high risk involved.

I am trading on the local bitcoins literally and its not even real trading website but gives me pretty good profits as I play slow and steady on it. Its fun and profitable if you apply few simple tricks.

Like your friend who seems to had greedy trade and went for quick money. That never works.

I do trade for learn that which token is good for hold. In my extra time, I do trade even I lose 500 USD even more USD.

What you see in those ads are binary options, and they are not considered to be trading. Your observation that they are similar to gambling is spot-on! Many regulators consider binary options to be gambling: https://en.wikipedia.org/wiki/Binary_option

Learning to trade without loss for the new day is very difficult. If you do, then the illusion of capital is created.

Professional trading requires many years of experience and theory. I think that the minimum process for training a trader is 3 years.

I still remember that feeling the first time we know about trading, something that we can get money without big effort to do. When we realize, we can earn big profit instantly from it we just try again and again, always greedy. Until one moment that shocked everyone, yeah bearish candle show up and we just panic then sell it with losing lot of money.

it's exactly like what I did when I was a beginner and tried to trade with the wrong strategy, did not have the skills then dare to take risks with large capital and finally I experience losing money quickly. but from that experience I get a little idea that trading is not a ponzi scheme to get rich quickly, because trading requires a mature strategy, patience, emotional control, no panic and also how to observe price movements and manage finances for trading.

There's a lots of different types of trading practices and if you are referring with binary options and yes it's same deal with gambling, you are betting with the next possible movements it's more on luck based trades, though there's also other types of trading where you can choose between short, medium or long term investment, it's not to have a good interest for you to be able to learn much deeper information about trading.

You can protect yourself and succeed from this field and of investment if you have good dedication to keep learning from every situation that you will going to experience while still in this market.

I agree about it being a bad idea to be gambling with crypto trading. But splitting trades into 10 each may not be a wise option as exchanges usually charge you a low percentage for each of those trades regardless whether in profit or in loss as long as the order has been filled. Not a smart bit of business in my opinion

Your friend took a wrong approach in trading; trading is different form gambling and when one trades in a gamblers way just like your friend, the chances of being trapped increases. Before one can think of trading he needs to be sure he has all the needed knowledge which will guide him else he will lose; even experts losses sometimes although not much when compared to someone who lacks the expertise of trading. Encourage your friend, direct him to learn the basis first then he can try again.

Why would someone put in half of his available trading money in a deal. If there is anything I have understood it is that however prospective a certain move might look there is also a high degree of it going bunkers. So folks should be cautious when staking their money

Maybe your friend wanted to hit it really big forgetting that therr is a greater likelihood of loosing than win. I hope he has learned some lessons from his initial expensive

Your friend probably traded only for the sake of emotions and he was not very worried about earnings, there are many such people, it's like addiction)

it is not surprising  , not only traders are making a mistake of not learning the ropes before risking their money
I would not even call them traders , your friend is just a noob trying his hand at trading
being a trader means at least understanding of how does the trading work
this is indeed looks like gambling , just a quick all -in and waiting to get instant result
when the inevitable loss came , chasing your loss , thus driving your balance deeper into red
tell your friend to spend some time reading about trading strategies or even testing them with a free trading terminal

I feel everyone at some point tasted this waters. Most times every trader thinks its a gamble I don't support trading without learning and understanding the market. Everyone should study first before venturing into trading.

I think he is trading with high leverage and this is a risk, you should learn to trade because this is not trading but gambling.

yes i agree, i don't think binary options is not a part of forex, gold and other trading ecosystem but but more towards gambling.
when we trying in first time many of them are winning and get profit because make open position in market, but after that they are getting lose money from binary and make user to deposit more and more.

i see many case like this, especially i know this from my friend case and he is tell to me and make nonsense

Well, I have not seen an exchange that tells it's trader the actual amount to trade, it there is usually a general warning to trade with caution and to trade with spare money, which is what you can afford to lose. However, despite these warnings, some still lose a lot and make then to say all sort of things, such as putting blame on those who should not receive the blame.

You can't remove the fact that in trading there's always a risk. Whether you trade at the lowest possible outcome, you will have to take the risk. It has always been associated too that trading is a kind of gambling because there's risk but let's not compare and trading.
They are both two different areas where you can mostly excel on the other area while not for the other side.

I believe you trade either for long term or short ! In crypto they say you don’t lose until you sell at loss ! Although some people don’t know the trading rules which turn them to forceful holders which they didn’t plan because of lack of orientation !

its okay, something normal for them , my mean for newbie to learning from what their doing, maybe some newbie didn't want to learn before they do trade. also most of them want to get rich by instans. Without many knowledge they just throw their money

I think the difference between the two is quite clear between gambling and trade. Gambling only relies on feelings and luck factors, while trading using strategy and luck becomes the last hope. and usually their novice traders rely on their feelings and emotions in trading, of course, once in a while they are lucky, but it has a lot to lose, and finally they realize trading is not as easy as they imagine

seriously, if you are talking about crypto trading then i will say you should not make it look like a gamble, the amount you trade with does not matter here, what matters is you investing in the right coin so that you can make your profit.

Being expert and skilled in trading will not guarantee a sure profit but sometimes it needs to associate with luck. If your friend is just lucky on that day you will might also follow his steps and will depend on luck too but if we don't have the courage to do the gamble then it would be better if we do not put all of our eggs in one basket.

if your friend is a newbie it's normal for me. I have also experienced and done the same thing but I learned to improve money management and technical analysis after that. I think every beginner has experienced that, and the valuable thing they get is the experience and the desire not to lose again.

Trading is more sophisticated than it seems to appear. Learning the basis is not even enough! Learn and practice then gather experience. Emotional balance is as important as any best strategy to think of. Trading requires lots of patience too.
Too many things to take care of before consistent profit can be achieved.
Newbies must learn over and over before trading if they want to profit.

Sad for him, of course but we all have to learn. He made some actions and this is a base for analysis. Some never dare to start.

New traders tend to lose is not a new thing. Its always like that and it does not matter whether its crypto or stock trading. Over the time, they learn tricks. if they dont learn those tricks, they will not be successful.

I am playing to win big.
We should not play the game and start fast if we want to win.
We should wait for some time and let the game goes on while watching it.
I took 2-3 days watching the movement before i start playing. i also follow their social media and telegram if i want to gain more.
One of the best movement we are having now is EOSBET @ BINANCE DEX.

Its not just your friend there are many people who lost their money in trading. Trading is a very profitable way to push your asset up but only when you are a expert. In most of the cases newcomers think trading is very easy this whole market is just made of green marks. Some of them are into fake pump and dump group and after in few days they lost their asset. That's why I always recommend if you are new to this market or don't understand how trading works then just hold bitcoin and educate yourself how this market works and then go for day trading.

Not only your friends but the majority of the traders are also the feeding source of another side-winners. The market always rewards the best traders who have the proper education on the required spheres, the average trader is not able to gain a decent profit in the crypto markets. Many traders lost the amounts bigger than they can afford to lose due to the emtoional trading especiailly the greed. The fear and greed are the two enemies of the any trader but traders prefer to do what they think about the market trading patterns. Trading the patterns is the name of the required skill from the traders and the knowledge is essential as a confirmation of the trades.

yup! you are right.
indeed every newbie must have passed that time. and it is a great experience as well as a great teacher that will keep us learning more.

no matter how big a mistake we made in the past, if we want to learn, i think one day we will be successful in trading. until now i also continue to study and try to collect more profit than loss. i hope i will succeed.

They are rushing and not thinking to predict what will happen on the market in the future. Maybe it can be a lesson to people who want to start to join in crypto.

Trading short term is a receipt for disaster in any market and I have learnt it the hard way . Factor in the 24 hour window and the extreme volatility in crypto currency you are more likely to exit at a loss

many say trading is very easy and very fast to make money, but for me it's not like that. for me trading faster drains assets and thoughts! I have learned to trade for one year but the return is only a few% of the capital that I use. but I am beginning to understand that trading is a high risk if you do not have the skills, experience, patience, not panic and can also control your emotional attitude when trading.

Trading - crypto or traditional - can allow good earnings, but only if it is dealt with seriousness and discipline, and under the guidance of an experienced trader.
Most new traders believe instead of being at the casino, and obviously the results are the same as at the casino.

Yes, that's right, you noticed, your friend, like many who come to cryptocurrency and trading, thinks he can get rich in 2 clicks. But, of course, this does not happen, trading, as a rule, is a separate problem, and in order to start making money on trading, you need to devote a lot of time to understanding the philosophy of the market, yourself and the crowd. Choose a niche in which you can fully realize yourself, which means that you will have to trade in more than one cryptocurrency market. I could list for a long time what needs to be done to become a successful trader, so tell your friend if he really wants to become a trader, then you need to start training, and let him start his training with a risk limit)) If you do not want to study, it’s better to just go to the casino.

People treat crypto as a gambling or a game with a "quick profit" mode. It can really work in some occasions but crypto is too complex and unstable. Even great traders using tech and fundamental analyses can lose funds.
IMHO such people are too greedy and want "all at once" as they also been influenced by media and  advertising channels that promote "quick" rewards.
It's more important to discipline greed and discipline yourself, patience, more patience and clear mind.

Trading is not really easy. And, unfortunately, many new traders think that they will soon become rich in this market with doing trade. But in the end they losing a big part of money. The important thing is to take a lesson from it, despite at least financial damage and be careful in other trials. It should be noted that the crypto market is highly variable. So we need to be very careful and knowledgeable about the market to trade.

There's also a strategy in other sort of gambling games but defining them as trading too or vice versa, we can't really tell that they are both the same.
In whatever outlet you are good with, you need to cultivate it. If you are a very talented and knows how to trade and has a lot of experiences, stay on it and make good trades.

You have spoken well. The culture of reading in cryptocurrency has diminished as people are now after quick bucks. Years ago, you have to read tons of materials to learn the do's and don'ts of the industry even before participating in trading. Another factor making traders loose money is greed. If you have lots of it, you will be recked

many new traders lose their money.because they do not know how to trade well and their strategy is not enough. Your friends may be in a hurry.😅Trading is not just a game it's need time,research,discipline and plan's before doing.even those who are expert or have a long term on trading they lose a large amount of their money before they get a high profit's.Hope this will be a lesson to all new traders You don't have to rush to get the big profit that you want . Just get the right timing right decisions and be patience.

Trading is not suitable for everyone. Only people who are able to control their emotions and also people who are able to analyze the market that will be successful in the trading world. With the crypto market movement which is very volatile, if we want to make a profit, we have to wait patiently for the right time to buy or sell

I agree, if you want to consistently get profits from our trading, you must be able to be patient and manage your emotions. Good psychology is a key factor for being able to analyze the market well and make strategies that can generate profits

Trading is a very difficult job, because in addition to the basic concepts of market analysis, you must understand that the cryptocurrency market is also easy to manipulate. All risks are your responsibility.

Tell that to newbies, that come here to make a profit. They don't think about anything else, they don`t know for anything else, just profit, and when they realize that trading isn`t just making profit they start crying.
I lost some money with day trading in the beginning. I didn`t know what to do, I was making trades in a hurry, on a feeling, of course I was losing. Only later I found that long term trading suits me much more.

new traders is amateur, usually they only use their felling to buy, and hope the price will gain in next day.
actually they are lot factor can effect of price fundamental/technical analysis, good/bad news.
and announcement with new partnership, or have a new development.
but it all does not mean anymore if someone or a group plans to pump on certain types of coins, usually not long but can cause great losses if you are late to join.

Beginners are only quickly tempted by promotion of benefits offered, moreover they are lazy to think, will become easy prey in the game or trade

The fact is not every person ini this world has ability in trading. People need patient in this kind of job. We must not rush on it. If we can not be patient, we will get lose so much money. In gambling, anything unpredictable can be happen. All risk must be face.

basically don't ever do things outside of your limits because that will only make you lose everything. I mean if someone who has no knowledge of trading is very risky, at least before trading make sure you can manage your financial management (small capital for a start) and have a basic strategy (observing price charts) before joining the world of trading.

Good observation with determination to acquire more knowledge instead of moving forward without any plans. You have to learn every statistically factors that will give you advance information to really work and advance you up and avoid losing your money each time you trade.

Playing to earn and not to keep yourself losing your investment. New traders have a big room to learn from the market, even you suffer some loses from the start, you can still increase your chance once you learned the proper ways of trading.

It is just part of the process of learning. But it is better to start off with a stable coin if you don’t know how trading works or you want to get your hands in this business. It is better to have some money as a capital or security deposit rather than trading blindly. I had to learn this the by making some foolish mistakes.

Everyone understands that trading is difficult. But not everyone understands this, because for this you need to go a long way and make a lot of mistakes that will entail losses.
This is how beginners become professionals. The most difficult thing in trading is the discipline itself. People often gamble.

You have told the truth. If you want to understand trading strategy then study is required. If you do not understand the market trends, then you are more likely to lose. To be a good trader, you always have to be updated. Always have international economic knowledge. And take care of the rise in the price of Bitcoin. Then it is possible to be a good trader.

right, everything needs a process, including trading. for novice traders who never give up, of course their mistakes will be evaluated so they do not repeat it again in the next trade. if this is done continuously, it will become an experienced trader later. trading is difficult, if we can't control our emotions

  I really don't want to lose money so investing really needs to be thoughtful. It takes analysis before you want to buy anything. nothing can be sure as long as you get it wrong after a minute has passed you can lose thousands of dollars. So try to understand carefully and make the right decision if you do not want to lose

But in fact when viewed this year's graph tends to always go up. but also the price dropped dramatically in the middle of this year did make all traders panic with their assets, but for the strong hand still get a profit. and it is indeed a challenge for new traders, I myself had a big loss this year, even though if I keep holding until now I should have made a big profit.

Successful traders are not going for a couple of weeks. Even if you crush your $ 100 order for $ 1, then vseravno no trade skills you lose. So before you start trading you need to learn the theory of the trade, and then later sell amounts for a few dollars to turn out the practice.

I think that wouldn't be a mistake to say that 95% of traders are losing their money, they are playing to lose. That's the reality of every trading market. Big and smart guys wins as much as newbies and gamblers lose. Sad but true.

Trading needs some knowledge about how cryptocurrency works in the market. We can get trading knowledge from experts and we can find tutorials on the internet. Without trading knowledge, one is expected to end up suffering loss. Most of investors including newbies tend to involve in trading without knowledge. So we need trading knowledge to reduce loss and get returns on investment.

In my opinion we have a plenty of scammers which advice to buy and buy each time when bitcoin and cryptocurrency grow significantly. After that an beginner investor spend money during bubble (because guy from youtube told him), which means the worst case scenario or catastrophe for him.

Many new trader do not know when the best time to buy and sell, many of them never learning about chart of some altcoin or bitcoin to buy or to sell and always buy at higher price.

Quite sorry for your friend, but this is the case for most new traders, they go into trading with full force hoping to make huge profits in a rush, without setting stop loss, also with little knowledge acquired they think they are good to go. No capital management.
The good thing is after the loss, they become more experienced and careful.

Afternoon ladies and gentlemen. And how about investing? In my point of view, also a pretty rational alternative

Hello there mate. For sure, investing makes sense, however, as known, being an investor requires a lot of knowledge. So I wouldn't say that this type of getting profit is for everyone

In general you are right. But how about platforms that offer advanced solutions in here? Kinda the ones that allow you to deposit funds and then they invest for you? For example, as I know, the most advanced on the market is Hodium - heard of them already?

Hmm, this might be an interesting path. Is the platform available for everyone? How does it works exactly? Where can I check out more?

I would probably recommend you to have a look at their website, Hodium com - much information available there. And the process is basically very simple, so platform may be used by everyone - from beginners to professional traders. And kinda helps to reduce risks

Sounds more than impressing so far, thanks a lot for your recommendation. Will have a closer look and get back with own thoughts

Greediness is the enemy of most traders. They thought they can get rich fast especially in crypto because of its volatility. However, someone needs to have knowledge and skill in crypto trading as most of them don't rely on TAs. Most of them are relying on coin's background, the capability of the team and many others that TAs are not in major play.

It is a question of psychology if you want to gain or if you wish to lose. The current problem is the lack of education, because a lot of newbies see a trader that makes 100 percent per months, trying to do the same, fail and lose all their money.

I also don’t understand how you can believe in a trader who earns 100% profit per month. Beginners are very naive and believe everything.

I am playing to win, and i love playing with cryptocurrency.
You just need to be smart, resourceful and have the patience and you're good.
Those players has no patience and keep hearing the FUD and HYPE>

As you said it is play, you may win or lose, many traders really play without any understand how to trade.

Only 100 USD isn't enough to start trade. Even miracle can't help you to get high profits, because when price will few positive you will certainly sell. If you have thousands USD, you can invest in several coin and ultimate results you are a gainwe.

I cannot accuse your friend cos numerous novices like learning the hardway and recollect that each and every genius dealers are on the whole failures to exchanging at the earliest reference point of their exchanging venture before they really wound up proficient traders,its difficult to see how market development functions and most systems ive seen doesnt work for me either,we need to lose before we become champs its piece of the techniques

It is always better level one look if you have good skills about trading then you can inter here that's means trading skills without you will not lucky here. I know one man he start trading learning almost 7 month over but he haven't finished yet, so i want says that trading not a easy options.

95% of investors lose money. So almost all of you have lost money playing this game. The problem is that you don't want to admit it because you don't want to wake up from your dream of "get rich quickly sitting on my sofa".

That's right, of course you can start trading with a small amount to understand how everything works in cryptocurrency trading, but then to get a normal profit, you need to have a good amount for this, with which you can start trading and constantly reach new heights, but before that, of course, you need to get as much experience as possible in the trading field so as not to lose all your money and then you can already control the process of your trading.

I think that now there are very few people left on the market who still believe that there can be profit from cryptocurrency. and these people deserve to be rich in the future because they believe

It is because people think that trading is easy, that it is a game like casino. But trading is not gambling, if you do not learn how to trade for atleast 2 years, don´t trade, you will 100% loose your money.

According to statistics, new traders lose their money in 1 year, which is more than 70% of newcomers. I think that we need to learn to trade in small volumes. I started trading with $ 10,000 and lost $ 8,000 in 4 months.

This is a phase most new traders will probably pass through. A phase of noob, trying to proof smart with any trading strategy or knowledge. Most professional traders of today probably had been in this situation you just described. Some lessons are best learned by experience. Whoever is willing to give it what it takes won't be discouraged after losing first trades. Like you said, you can't rush trading, it requires patience and solid knowledge.

Basically many thought of trading as gambling thereby getting the wrong lotion about the two. Trading is more of learning than gambling that is base on pure luck, as a gambler; one thing that I have understood from this industry is: gambling is more of a game of non-pro unlike trade. More reason why many run at loose in trade is purely because; they thought trade is like gambling that required no skills and techniques. Personally, I have been involved in the two and have gotten the needed experience in differentiating the two similar profession.

I heard on the news how many traders have been knocked down because of the downtrend of the current situation in cryptocurrency. Many thought trade is simple but haven't understand how technical and skillful a trader should be before embarking in trade. I have lost in my early days but later learn how to be a little pro.

Some people must lose, so others can win. It is the basic of the market. Transferring money of some people to other people.
So much people enter crypto market without any knowledge about crypto or stock markets.
No FA, No TA, No diversity, No risk management = REKT
By the way losers are not only new traders 😊
It’s what make crypto valuable, unpredictable sudden movements.
Many professional traders also REKT at these sudden movements.

Trading is not an easy things as you all know, and as a traders we have our own understanding about it. For others this like an investment that can able to help the investors to grow their capital, while to some it is gambling because you are risking your money, But for me trading is one of the methods to gain more knowledge to get profit. So meaning, to win or loss in trading is in our hands as a traders.

Personally, I have no idea how it is possible to trade without some initial training, without basic knowledge of technical analysis. There should always be a basis for trading, without it it is difficult to understand where you are in the moment, and what you should do next. I am for an adequate and rational approach to such things. First you need to learn the rules of the game and then play.
Even if you spend a lot of time on training, but thanks to this you will make much less mistakes, which means that even the first earnings will be much more stable.

The reality of trading cryptocurrencies is the most Traders are not actually bad Traders but the crypto market itself is very hostile and volatile for any Trader to be hugely successful from and this is because the currency market is highly unstable with thousands of cryptocurrencies trading against each other and the price movement can easily be affected by the news and what is in the media.
so a bad news from China or the USA can simply make all the prices of a good market day dump in an instant and Traders who were making profit will be beginning to lose everything
This is why I always recommend that for every trader should always take profit as you go along and don't invest your capital into the next rate

It is through volatility that a good trader makes profit, I can you expect the market not to move especially ina crypto market like this that we can witness 100% pump in price  in a single day. What is killing most people is lack of discipline, most chase their losses and resulted in more loss, I was in this class before until I started implementing stop loss, this is one of the most important thing to do when trading

Not intentionally, but some traders are really setting themselves on a part that will only but cause them to lose. Some are not even totally aware of the market system and are just into trading without proper indepth knowledge to trade. The market is quite unpredictable, but when you know your way through, you will be able to maneuver it to your own advantage.

I want to suggest to traders especially newbies to learn trading skills before joining cryptocurrency and start trading. There are multiple best and effective ways to trade, which can be found on the internet. You can pick which skills you find comfortable with and start trading. I have also lost much funds to trading without knowledge. So acquire trading skills beforehand. 

How come not for new trader if buying altcoin in higher price, they faced panic situation from an expert after show up how increase or higher price some altcoin, the new trader never think any more and buy it becaus ethey think could up again, but an expert trader take the moment to sell their altcoin but new trader buy it.

This is the most common mistake made by a newbie. Doing something without knowledge, without consideration, most are just trapped in hype and lure, most also want to earn money in an easy and fast way. Even if you want to get the best you have to understand the ecosystem first in-depth. Understand the risks, to determine appropriate precautions to reduce risk. Many techniques and indicators must be understood in trading, reading charts, determining the right timings, and reading news situations. It was all obtained not instantaneously. So make careful consideration and analysis before making a decision.

I think not only new traders experience losses or losses when trading, old traders also suffer losses if they cannot analyze the right time to buy and sell,if your friend loses $ 100 dollars enough to be an experience in his life, if he returns to trade my advice is to choose btc and eth, do not trade on coins that are not yet popular.

So true, and I hope more people read and follow this advise.

I know of people who think just because they've read a book on trading they think they can take on people doing trading as their full time job. Remember that when you're trying to become a day trader you're going up against people who've been dedicating a lot of their time research, analyzing, and studying all there is available. If you're doing less than that then you're just gambling, trade at your own risk!

Trading is one of the best way to make quick and large profit in this space. But the problem is if you have to be a professional. Otherwise you can lose all your money in trading. And the problem with new comers is that they think they can do it but after a time they end up with losing all thebminey.

   You mentioned the technical side of trading. Almost everyone can understand this. But there is a psychological aspect. And it is given to few. You can be a genius and understand everything that is necessary for successful trading, but trade at a loss.
   The property of being afraid or being greedy may be characteristic of a person. Each time, the trader should have enough internal strength not to succumb to his fear or greed. And these feelings can come with every trade. This is the most difficult in trading, IMHO.

It is because new trader are only putting money and they didn't considering many factors such as fundamental and technical analysis.  I observed that most of the new traders are only doing speculation and that's  why they lose money.

it's correct. They only saw the market collapse and altcoin prices kept going down. They then speculated their money on those altcoins and without any analysis

he is greedy and wants to make a profit, if he wants to put 50 at least he has to have a balance of 3000 I watched on video and someone said never put more than 2% of your total money, so if you lose, you can still benefit from 49 times next.
and also you are not alone in the market, many people also do the same thing with you.
or if with minimal capital, you can join with others so that the capital increases.

Playing gambling or any such type of game is ultimately totally loss so never paly these types of games always try to trade in good exchanges with help of seniors as they are available in different channels like Telegram, Skype etc for guidance.

There are different type of new traders, some newbie trade even without an idea and knowledge because He/She is thinking to earn quick in short they are depending their luck fortune, Then some newbies doing trade because they knew the consequences of of trading, therefore they knew that winning and losing are the only can be happen to them. So your, friend probably became optimistic by it, because of his behavior. Though, I agreed with you that trading is not something you can rush, that's true!

Totally I have no any good knowledge about trading but recently i take decision i want learning more about it. Now daily i watching YouTube video and more articles, in fact when i got some skills then i will inter trading.

Really curious what trading platforms warn traders to limit their trading to $10. The risk you take on a trade should be taken in accordance with your account size. A rule of thumb for professional traders is to never risk more than 2% of their account on a trade. Anything over that will probably trigger your emotions and affect your next trades. So actually the rule would be to only risk what you can easily afford to lose. Don't be a greedy, but be mindful and think with probabilities in mind.

We know many people who want to get profits quickly and many people who start trading without knowing more about how to become a trader and they only have the courage without thinking about everything first and when they start getting new failures they start to complain and ask for advice by other people. In my opinion this is a bad thing for someone who starts without learning and knowing more about something they will do, so don't forget to ask others for advice when we want to do something for the first time for us.

It's a must things to do before you jumping inside this business, there's a lot of cases where traders who join this business without any knowledge loses their investment and disappoint themselves leaving the market with a lot of regrets inside them. If you can invest your money then better also to invest your time before making any participation inside the market. The more knowledge you have, the more better you will execute your trading activities.

Be prepared for the fact that in order for you to learn how to trade well and really make money on it you just need to cross a very difficult way. this is not just a video from youtube

Yes, textbooks are needed, video for the general worldview will not hurt, but trade, as a rule, rises and falls, not everyone will find themselves in trade

its not only in cryptocurrency, traders are hard work, but I know a lot of people who earn by trading good money in cryptocurrency, also in youtube and websites a lot of information about it! But from my experience I lose a lot of money in cryptocurrency
if market will recover everyone will be a good trader!

Many traders behave like in a casino. Now they bet on growth, tomorrow on the fall and they all do it for good luck. However, even in the casino you can not carry all the time. So they end up losing their money. To make money on the trade you need the right strategy, and only those who have the right strategy in the trade can earn constantly.