Bitcoin Forum

I'm very worried, Will I ever be able to make some income by trading crypto? Everything I buy is down. If I want to earn something from Crypto trading, then what do I have to do? What do I need to know?

As you are new in trading platform, you should learn the basics of trading. You need more market analysis. I'll suggest you to go for day trading. Try to earn 4-6% profit at a time.

You should have two things in trading of crypto currency.Firstly you should analysis the market very well and try to buy the cryptocurrency at low price.Then you should have a mind of patience and hold till the price reach of the maximum from your brought price.After selling at good price,you can making a decent income from it.

There is no easy money in Crypto trading that's why you lose profit because you always worried if the price might goes down or if the price will drop more that's why you end up selling your holdings.
You should control your feelings and always do the basic "buy low and sell high" so you must hold your coins even the price drop around 5-10% or more if you don't want to lose you should hold it until the price recover and make your profit.

There are so many strategies on trading crypto you must learn about them and appy it to your self.
Try to read this below this is good source of learning about trading crypto.
- https://github.com/learn-crypto-trading/learn-crypto-trading.github.io

Not all strategies are there but there are so many strategies that you can learn like technical analysis.

That's not how it works tried to learn how this trading works before trying it on your own it's really helpful if you have mentor or friends that will guide you what to do. Too risky for you because you don't have enough experience doing that and doing this now means possible lost on your side. Don't do it that way try to learn it by searching and watching videos and tips from professionals traders.

If you are concerned with trading and asking about it, I suggest you study first and be confident when applying what you have learned. Many people are profiting from trading because they have trading plans and strategies to approach their trades.

Others, like me, rely on automatic trading software like Gunbot (https://gunbot.ph) to trade for you. If you cannot entirely focus on trading, adding this tool could improve your trading, and you can trade 24/7.

i think it is just an unfortunate moment for you to buy at that time, maybe the time is not correct and always went to red. maybe you need to learn how to manage your money and learn how to read the candles and read the event also prediction could help you really much, you will get at the point that you can generate income from there

I'm sorry if I tell you this so directly but:

If you have to ask this question, please keep your hands off trading and give it a wide berth, especially if you are doing it because your coins are all in the red.
There is a very famous quote you might already know:

Trading on a whim - or because you want to win as fast as possible - will therefore lead with a very high probability to the fact that you will lose many more coins.


It sounds so simple at first: I buy when the price is low and sell when it is high. Or vice versa and then have more BTC/AVAX/ETH/...
But that is not it. Look at the statistics of professional traders. You can see very quickly that in 100 trades, they are also 45 - 49 times wrong. The few trades that are successful make them the profit.

It is a very hard, stony and paved with many losses way until you can actually earn money by trading. If you are really interested, I suggest you get a trading account with some free BTC. This way you can get familiar with (day) trading step by step. After a few months (yes, months), when you know the market, understand charts, have worked out a trading strategy and know what a Stop-Loss is, you can start trading with your own coins.

Here is an overview of providers that offer such test accounts:
5 Websites To Demo Trade Bitcoin With Virtual Money (https://www.hedgewithcrypto.com/bitcoin-demo-trading/)
Personally I have not tried any of them.

There would be so much more to say here, if you have any questions about any of the topics mentioned please just ask.

From the way it looks it seems like you are still new to trading and I would like to point out that in trading you need to separate your emotions out of it since this will be the one who will ruin your trading plan. Always setup a trading plan when it comes to trading as this will separate you from being a newbie trader to a trader who knows what he is doing. Now if you still experience a loss when you still followed your trading plan you should learn your mistakes from that point and try to figure out on how to improve on it that includes adding cut losses where you minimize your losses and as well exit points for you to take profit in.

Build experience. Makes those losses and wrong decisions as your foundation so that you will try your best to win as much as possible. Dealing with the volatile world of crypto is not as easy as 1,2,3. There's no easy path to success.

Every professional trader starts from the bottom. There's no shortcut.

Be serious if you really want to pursue your trading career. We all have different strategies on how to deal with our trading problem so your task is to find yours.

You need knowledge. You can basically search through the internet to learn things about crypto trading. You need experience. Through experience you will gain knowledge that you can use to earn money. It will not be immediate but eventually you will definitely earn. Since you are new, it is usual that you will lose some trades but as you go on, you will gain knowledge and will start to earn.

Amazing. If you have bought this with current lowest point which might be for you then surely you should hodl at this moment. If you are very new to this market and is panic seller then man you really need to pull your sleeves to have patience. If you make little movement which is not in the set rules then you can loose money surely.

It's better to take all your decision wisely. No emotional trading, no freaking out when downfall is way too hard.

Crypto has always shown such pitty falls, it's better to be ignorant little bit if it is revolving around bear-bull trend.

Try looking at the chart and figure that if the price of the token drops, this is going to be a chance for you to buy and then sell when its green again.  You wouldn't panic when the price is red when you bought it with green all over it. You don't even have to learn more indictors to see it but just look at the daily chart of a token you want to invest.

But just to make you relax, the prices to day are way lower than what it could be in the coming years. As long as you have invests to real project, your good.

First of all, trading is not a job, it is an activity of its own kind to make money. So, you can't earn income with trading, but can make good profits in trading.



Ahh, let me know! Panic buying? Like you FOMO'ed in without even knowing what you are buying? Markets go red, and so they also swing in greens, no need to panic buy at market price, always set a buy order. Now, if you've already bought under panic (without any stop loss for sure), then please don't sell it under panic if the project is worth watching.



Don't buy anything before complete analysis has been done by you about that specific token and the amount of development it has gained since its inception. Look for possibilities rather than jumping quick under "fear of missing out" effect and stop following hypes for projects and even if you follow hype, just remember to get in before the crowd starts buying and set a trailing stop so that you may not end up in loss even if it dumps, and trailing stop will just stalk your profit price in order to let you get stopped if the price declines.

It's very easy to earn money from trading of cryptocurrency.Some people think,it was hard to earn from trading.It was not a real ideology.To earn from trading,you need to learn trading with some practical experiences.If you worry about huge investment,it's better to start with 20$ as a first investment.

You arent the only one who do get worried when the market tends to plummet down specially for those people who do bought much higher price and then suddenly the price goes down.
This is an inevitable event and you arent the only ones who do experience such hardship even the pro's or veterans of this market do still experience such problem.
What you gonna need to do? just trade up and gain experience and knowledge.Trading isnt something that can be learned within a day or months.It will surely takes years for you
to have some good grasp on it.Losses are inevitable thats why treating your mistakes as stepping stones will really be helpful into your success.Take some time and some mixed of long
patience.Trading will really involved lots of trials and errors.

Hard to answer because each trader has a different trading ability and skills to read the charts. I can recommend reading the trading forums for understanding how the price goes up/down, how to read market cycles, how to analyze the naked charts with price action. The first recommendation is to stay away from day trading and focus on long term price action. Unlike forex trading, there is no weekly news calendar and you can't find when or which news will change the trend. Playing with long term odds will give less profit but the risks also will be lower.

Yes. If trading is no longer profitable, everybody will be losing their entire portfolios.

Give an example of which coin you buy. It's probably your choice of coins that you need to change because if that's what happens, you need to restrategize for you to have a better trading experience. The market is up and why is it that you're complaining with your choices that are down. So, one possible reason, wrong choice of buying.

Buy bitcoin, start trading it and if you are not an effective trader then be a holder and investor.

If you are beginners or just starting with trading, I strongly suggest DON'T start with huge capital, especially you are still learning.
To answer your question, YES! You can make some money by only trading but you can still LOSE money while trading.
I also suggest you to learn risk management, how to use stoploss, risk:reward ratio.
And additional, did you know you can still trade or earn profits even some coins are dumping? there are some exchanges that you can long trade (buy low, sell high) or short trade (buy high, sell low) where short trade is the opposite of what you are currently doing.

well I don't agree with what you say because only people who have a lot of money and a lot of experience in cryptocurrency trading can say that it's easy to get money but actually if you only use that little capital it will be difficult to get profit if the trading conditions are not crowded because we need fast price movements to make a lot of profit.

Don't worry when there's time that our holdings goes down, it was just a normal behavior during bearish period. Right now we're experiencing corrections, and basically that affects every cryptocurrency price. This is our great opportunity to buy while every coin price was down, because we have a biggest chance to hold before recovery of each price will commence. Hold your coins and don't panic, that's always a simple keys towards success.

Hello sir, can you help me, that What do I need to know for Trading?

You need to learn about analysis as the member above me said that. But it will not makes you have skills in analysis overnight because that will need time to learn. That is the basic thing that you should have before you trade, but perhaps, you can try to follow one coin moves for the sample.

Let say you want to trade bitcoin pair usdt. You need to follow the chart and make sure that you can buy it at the right time.

You can check the trading interval in the exchange. You can use 1D to see the daily movement, and then if you know the trend is down, you can continue to check on 30 minutes or 15 minutes.

If the trend still at the downtrend, you can try to place an order buy at the price you want, but don't make it close at the first order. You can make the order at the number 3 order queue or number 5, so your order will be filled when the price will down for more.

https://i.imgur.com/ujNR1u3.jpg

Perhaps, you need to activate Bollinger Band and MACD to see where the trend will go.

Never try to buy instant because we don't know if the price will increase or decrease more.

But that will depend on how the market moves. Again, if your order already fills, you can check the price to search for what price you should buy. Don't place the order sell too high if the price is not bouncing fast or moves fast because that can make your order need to wait for some time. But if you are okay with that, you can place your order sell at any high price and let it finish by itself.

You should learn many things and don't forget that the experience will take part to improve your skills. Keep trying, and don't give up because you will never know when you can make a profit.

What coin do you have right now? Trading requires many different skills so that you can make money steadily. It is reckless if you do not have knowledge in this field but still want to have some income with it.  Trading arbitrarily easily makes you to lose a huge amount of money. It is hard to earn those money back. Respect your money and be a investor.

Instead of becoming a trader, becoming an investor is way more better. Not much effort is needed. Patience in holding is the only thing that is essential. I strongly suggest you should only hold coin in the top 10 of the coinmarketcap and try to accumulate more with your salary of your saving. For example, right now, ethereum price is around $300. By holding it, I can ensure up to 80% that you will x4 your capital in the next 2 years. Blockchain technology has a brighter future than many other types of high-tech. People will soon realize that their privacy and anonymity are invaluable

The first thing that should be aware, what have you done to trade crypto? this question must be answered by yourself.  If you have done something like you have learned about the basic knowledge to trade or some basic strategy I don't think you will always when you make an entry, at least you will get a profit although it is small. This is what has happened to me, before I was a newbie to trade crypto, meaning I underestimate the basic knowledge of trading I always lose money, I never got a small profit at that time. When the price up I'll just hold it because I have to get high profit but the price just down a lot and I sold when I got loss.

But I realized that was wrong and I should change my habbit so as I bought some books about trading and I studied them, I never entry while I learning. When I known the basic knowledge to trade, I try to entry with small amount and I always noticed all the thing that will be happen . And greatfully, I have been changing my bad habit to a good habbit. So, the key you get profit from trading is you should know first the knowledge against it, if you underestimate it you will never get success and comfort when you trade, believe me.

Or, consider leaving trading and simply buying at particular dips, with long-term views in mind. A lot of people like to "hug the line" and in this case that is checking for maximum support line and buying just near there or below there.

It is riskier for me than dollar cost average because one day you might miss that support dip as the price moons;)

Not need to worry about crypto trading. Everbody know that crypto are very risky but another thing it is very profitable too.
Invest in any project with research. Don't be blind investor. Always invest in the project who has stablish in market. Dont put your money in today's new cryptocurrencies that is coming daily in large numbers. In short invest or trade in top CMC 100 coin by the rank. You will not going to loss your fund.

Well said. No worry is the best way to go. Shrug that stress off your shoulders. ;D

Risk comes with reward, buddy. You dont see a non risky thing to be very profitable. But honestly speaking the profit you make also depends upon a lot of things like buying price and selling price for spot trades. Even more stuff comes in for margin trading.

Or, just buy bitcoin at the dip.

Or, just avoid all altcoins, call them useless and scam and keep focus on bitcoin.

Its actually no longer a helpful statement. Majority of altcoin projects have either snowballed all the way or been failures and sold off to bigger companies.

Top 5 except XRP,forkedcoins is not a bad choice though. But I prefer to keep a unidirectional focus on bitcoin. :D

I think you are having a hard time regarding the trading I think one of the best ways is to stop first.
Why?.
I think you still lack knowledge and ideas with the use of trading, this is base on my experience and opinion only.

Before I start in trading some of the people around me who are already experiencing the use of trading you need to research about the coin you want, next is looking for news, articles and any update on the coin you want, also learning trading strategy may help you a lot to learn more techniques.

During trading, you need to make sure you applied all of the knowledge you acquire. IF you made a mistake always learn from it and don't ignore this. Another note if you think you already losing don't hesitate to pull out your position if you think you still confident why not go.
Trading is risky, it depends on your feeling how much earning you could get. You cannot escape risk but you can prevent having a higher loss.

You are right Sir. But tell me how I will understand that which coins will Profitable for me. Becouse i have no idea about any Coins. Which can be traded daily and profit will come.

Thank you sir for your Helpful Opinion on my topic.   

Before investing study the market first as others also saying this to a new crypto trader. That's right by investing in a project always look for an established company in this industry. A lot of things you can learn and can earn money so the above message is very helpful. As saying never invest in what you cannot afford to lose.

There is no surety that you can make profit daily with trading. Occasionally crypto market shows the downward movement for few days. So you have to accept the loss during those time. You may choose some top altcoins for daily trading in order to gain profit. Observing the crypto market is most important thing here. Cause same coin won't perform nicely always. Here you can have some information Best cryptocurrencies for day trading (https://stormgain.com/blog/best-crypto-for-day-trading)

Losing is part of trading but by the way you are expressing yourself it is as if you traded without a plan and without a doubt that is a mistake, you ask what you need to know to become a successful trader, the first thing is why are you making the trade on the first place, do you know? Did you invested based solely on hype? If true then that is your first mistake, when you trade you need to have very specific reasons to do so.

You also need to know how much do you expect to earn in this trade before you sell? How much are you willing to lose on this trade before you cut your losses? How long will you hold your coins in the case the coin moves sideways to not lose the opportunity of another coin going up? And that is the bare minimum and you do not seem to have an answer to any of those questions.

What do you need to know is everything about the crypto asset that you are trading or you are planning to trade.
The history, the current value (is it the average? Or currently at hype).
For me, I won't suggest you to buy any cryptos on it's hype periods.
You must buy them at a lowest possible price, but it's not easy to be completed.
Then sell it high, when you are comfortable with the profit.

But winning is not always guaranteed. DYOR.

If you have no confident to what you are doing then it will be wise if you will just pause it for a while then find a solution in order to solve those problems that you are encountering like why all your portfolio are down and etc.

This will give you a better understanding on how crypto trading works because there are only few reasons why you are experiencing it either you didn't have the skills
yet in order to trade properly or you don't have the knowledge and tools in making a good trade. If you are lacking one of those, it will be wise if you will fill it first before you will continue your trading.

I would advise you to learn how to trade properly and know the basics of crypto trading, so you don't complain when you buy and then the price drops. Trading in crypto if you don't have the basic knowledge is the same as trading with your eyes closed and knowing where to go.

You can make profits from crypto even more than your real job income provided you can read where the market is going. Don't buy when the price is high and don't sell when the price goes down, it will cost you a lot. The scalping method and Hodl might be able to help you solve all the problems you experience when trading. Trading crypto requires technical analysis and fundamentals and a strong mentality.

Even the best traders in the market cannot be sure that they can make a profit, trading on the cryptocurrency market is risky.

In order to successfully trade in the cryptocurrency market, you need knowledge and experience.
So the first thing you need to do is continuously study, monitor the market and learn from your own experience.
I think the most important thing before you start trading on this market is never invest beyond what you are willing to lose.

It is very difficult for a novice to do daily transactions, they do not have much experience so it is easy to get FOMO.
I think it is best for newcomers to try to learn and follow those who have had success in the crypto market. Ideally at the beginning, a novice should invest a small amount of money, after getting used to the transaction they will invest a larger amount.

If everything you buy goes down then it is enough for the price to recover and increase, because it's useless if you sell when the price is lower than the purchase, even though you sell to buy another asset, then still it won't return your money 100%. So all you do is enough to hold it and continue to be patient, making a sell order will be an option you can do too if you can't monitor the market all the time.

It's natural to have concerns when the price of the coins we buy goes down. But if we are optimistic and patient, we can definitely
feel the profit from crypto trading. I understand that those who don't have crypto trading experience will definitely have doubts
about being able to produce something from crypto trading. My advice is to be patient waiting for the coins you have bought to go up
in price, because as long as you buy good coins, I am sure the price of these coins will go up again. And when the price of the coins
we have bought goes up,  immediately sell them if they are already profitable. Don't take too big a profit first, because if we want
a bigger profit, the coins could fall in price again. And you will miss your chance to make a profit.

Why are you worried about your crypto trading? I think you should learn before involving yourself fully in crypto. Here is a great place to get a decent idea from others. All the best!

You don't need to worry, as long as the coins you hold are ranked in the top 50 in CMC the price of your coins will increase,
usually altcoins that have a bright future, the price will increase when the price of bitcoin rises, but if it doesn't go up you have to be vigilant, there is a chance that the coins you hold don't have much interest and have little liquidity, so there is a chance that the price will continue to fall and will be difficult to go up.

Indeed. He can use that way to prevent the worry that he will have when he sees the price move volatile. If he can buying at particular dips, he will not worry about the price because he already got the coins at a lower price. He could only hold it for the long-term and not sell the coin if the coin does not increase so high.


He can still worry if bitcoin price gets dump so deep because that can make the other coins in the top 50 in CMC drop too deep. But I agree to select the coins in the top 50 coins position because that coin will have a chance to increase in the future. He needs to analyze and search for those coins because the list will be too big, and perhaps, he can write in the paper or notepad to select the coins.

Try simple way when you buy something coin is not down, always buy coin have lower price and look touch more drop price if you not understand how to analyze chart coin, I think this best option for us beginner and always make big mistake with buying coin after touch higher price. First time joining with cryptocurrency I made the same mistake like you and always get problem after buying price is drop and after selling my coin price is up, I try to buy coin after really at lower price and sell for reach profit about 10% or 20% depend how condition and coin price.

Are you joking?
Advocating a novice to trade every day and trying to make 4 ~ 6% daily is impossible.
Even the top traders in the market cannot make 4 ~ 6% daily returns. Even if anyone could make 1% every day I was sure he would become a rich man very quickly.

In your case, I think you should switch to a long-term strategy.
Ideally, you should invest in big and reputable coins, the top 20 coins in the market seem like a good decision.
The theory is, but to achieve success is a very difficult thing, you never know when a currency is low in price to buy it.
The evaluation of a cryptocurrency project and the crypto market requires a lot of skills and knowledge, and even the most veteran investors cannot be sure of their judgment.

He did just make use of the world "Try" and it isn't that mandated or compulsory on what you do believe for but you do actually had the point because suggesting unrealistic
goals  for a newbie will really be just disrupting his own concentration which might lead up more problems.

Issues on trading like losing funds, fomo, fud, panic sell and lots of more will really be just part.Anyone on this market will surely experience these things and if you do get
worried then better to analyze up things rather than on stressing yourself too much on things.

Even trying on 1% per day no matter how big or small your capital is.The important is you do able to see gains.

If you want to make money from crypto trading you need to be patient in analyzing the market patience is a virtue sometimesit is better to trade less than just trading for your own benefit there are days when i just enter the business. Or less because before you think about setting up a trade you need to determine the ideal market situation and only when you patiently analyze the chart for several hours can you identify the market.

Maybe you are not doing a TA before making a call.
Where do you support your calls? Maybe you are more a FOMO guy and you buy when the price is at their ATH and after you buy it starts falling.
Read about trading first, make some calls with small amounts of money and as the time goes buy you are going to be experienced with that.

Don't worry, a coin up or down is very normal in the market. If you are holding the few top coins, you won't need to do anything, just wait and you will definitely make a profit.

Well honestly upon reading your post I think you are on the right track, I don't know which coins you have bought but the fact that it is all down makes me think that you will get profit eventually specially if you have bought top tier cryptocurrencies, you definitely shouldn't worry about it for I'm sure you'll get profit from it you just need to wait for the right moment to sell it, just stick on holding it and do not try to trade it often because I think you are still a newbie.

If you are worried; then crypto currency trading is not for you. You need to be in the right and proper state of mind to be able to trade crypto currency. Emotions such as fear, anxiety, or over excitement are psychological status that you have to overcome before you can be a mainstay and trade crypto currency.


Well, you need to know the basics of crypto currency trading.
You need to understand how Technical analysis and fundamental analysis works and how to read out a chart
You need to undergo a course about trading psychology
You need to learn how to trade, perfect a strategy and always do your own research.

More importantly; you need to know that in a trade, you can earn x500 today and lose all tomorrow. prepare your mindset.

It is a known fact that every professional trader right now actually went through times like this in their beginning days of trading.
I believe you're making these losses continually because you didn't take the necessary time to learn, study and get the skills and knowledge required for trading.
Trust me, trading isn't something to dabble into just like that. One has to learn all the intricacies of trading from learning how to analyze the market to overcoming psychological and emotional problems such as fear and anxiety to strategy for taking profits. Only if these things are mastered can one be a successful trader

Don't be hopeless ever. Trading is always researchable and you can not be a successful trader in one day. There are too many articles in forum about to be a successful trader. I suggest you to read those articles more and more so that gradually you will be a successful trader one day. In trading the more you will be informative about that coin you will be gainer. So best of luck in future.

thanks.

And why do you think that trading is a thing where you'll shine? I don't love to reply to this kind of posts but I know there are a lot of people who misunderstood some things. Almost everyone shouts loudly that you can earn decent money by crypto trading. Well, yes, you can but at the same time you have to consider that there is correlation between reward and risk. Higher the reward, higher the risk, especially in crypto. First of all you have to understand is trading really the thing that you want to do? And should crypto be a part of it? Maybe other currencies can be better like USD, Euro, GBP...
You need to practise a lot, virtual trading platforms are great but also you can start with small amount of money (I prefer this last one because when people actually trade with their money, even if it's small, they show their true image). Also, please consider that trading isn't only skill or ability to read charts or ability to understand what news causes what, it needs luck too!

Yes, I always suggest people to do trading with demo account or at least with a small amount such that you can lose it all and don't drop a sweat because trading is one part in crypto where knowledge and patience is the key to getting any profits. People often jump into trading too early and believe they have gained every ounce of knowledge they needed for starting trading.

I often consider that a good trader is one who always has the passion to learn because once you stop learning your knowledge will start fading away as you become too arrogant to learn and slowly the old knowledge will not be good enough to cope with the new patterns of trading.

You don't need to be afraid if you invest in the top 5 coinmarketcap, you will not lose everything, investing in long-term crypto is recommended for beginners, my advice if you are holding an altcoin that is still running, you should sell and replace it with the top 5 coinmarketcap.

I hope this will give you some enlightenment to realize that crypto trading is not for everyone and before you get to those level of traders who do earn big on their own, you must have to learn how did they do it. Basics is always an important assets you need to learn first when you want to learn something. It is not a given information but you can learn it from everything, through experiences, it may take some time to master it but it is worth the wait.

Some people do believe that it was easy but if they are already on the actual situation then those kind of hopes had been broken out because trading doesnt really work on that way.Easy money? No its not and just because you have seen others do make money but you dont know on what are the things that they had passed first before they do able to make themselves profitable.Lots of trial and error would really be needed for you to be
good in trading and that wont indeed only spent a few weeks or month but these will take years for you to take or have grasp on everything, not just on giving up in few tries.

Learn the logic of trading first. Trading seems simple but difficult. Don't perform surgery before going to medical school. Follow influential that have been in the field for decades, watch YouTube videos on how to minimize risk and trade successfully in any market condition. Don't follow pump and dump group and avoid extra grated price prediction YouTubers

Please stop telling people such nonsense.

Market cap doesn't say anything about the coin's current and future performance!

XRP that is rank 4 on CMC is down about 90% from its ATH and also down a few % from the last month's price so you could buy it in 2018, 2019 or even last month and you'd still be at a loss.

Also, start small with top cryptos. Don't go big at the start as you are just grasping how crypto trading works. Don't be overwhelmed by too much info here. Take baby steps, don't push yourself trading unknown alts. Don't follow someone else's piece of advice regarding what crypto to invest with. Follow your own instincts. Experience will teach you tips and tricks in crypto trading. Not an overnight skill to learn by.

Everything in trading can be learned and even mastered so take your time in studying the movement of the market before you participate into a real trading. Internet can give us the best resources nowadays so start learning with them. There are also free demos for trading before you engage into real trading. And as much as possible, control your emotions while you trade so you can stay focused even if the market suddenly crashes.

Almost crypto traders always worried about their profit and money somehow it is a big gamble of their money because there are ups and downs on trading it is not easy to predict how the market goes of your altcoins.

First of all relax and understand that what is happening with you has happened with the best traders in the crypto space so there is no need to worry and don't panic at all.

If you want to earn some crypto what you should do, you asked. The answer answer is find jobs in the crypto space like if you are a designer find that kind of jobs or if you have good coding knowledge you can find those.

But if you only want to earn with trading then you have to learn patience and avoid buying useless coins because there are so many shit coins in the market and it is hard for even experienced traders to pick them so you being new it is even hard. I advise you to do day trading with bitcoin's price.

You need to have self control, you need to balance yourself and learn to think wise, you will lose everything
once you panic each time you trade inside the market.
Keep your composures and stay in the positive side, there are many ways and options that are available in
terms of taking benefits.


One good thing if you have such skills, you can sell your knowledge and start getting money to invest and make
a good way in profiting to this market.


Try every venues of opportunities as crypto market is an open door to everyone. Don't stop looking for the best way for your investment.

What you need to learn about crypto trading or holding is how to have patience. As I can understand you, seems you bought some coins or tokens for holding and their current value is far lesser than the amount you bought them.
You need to know what you are buying before investing on any project. There are many scam projects these days. Scam projects are more than 70% if not more than 80%. So, one need to know what they are doing.

I agree with all the advice you gave but really the one thing I would agree is, watching Youtube videos. I have been watching so many videos and I can frankly tell you that most of the guys giving out advice are doing just plain speculation and some are even paid by token owners to hype their coin and get investors hooked into investing.

I think the best way to learn trading is by losing your own money, yes you read it right. Lose small amounts because if even you trade on a demo account to learn you won't be able to take the same decisions when your real money is involved. Trading is a kind of investment you do in yourself in beginning and with time you develop and then reap rewards.

This is one of the reasons why trading is not for everyone because it takes a lot of self dedication to go through with those stressful days and nights trying to gain some profit in trading. It may be stressful but when the time comes you start to gain profit, the joy you have felt during that time is worth your hard work. That is the time when your hard work pays off although you may master it but always remember that even pros still losses but the experience you have gained will give you enough idea of what to do next during the hard time.

When it comes to issues or matters backed with currency as it is in trading, it's always a matter of experienced to be able to compit favourably with other professionals in the trade. You attempt to make money from them, they attempt to make money from you. Your experience and strategy in the act becomes an added advantage.
Trading is one of the best way to increase your available fund in no time depending on how volatile the market is and the coin for which you are trading. If your looking for a trading strategy that would suit you, I suggest you don't really depend on people's opinion on what's best. I'm not saying other people's strategies don't workbuy I'm saying, what works for others might not work for you. As such, when you are approached with a strategy that seems to add up to you, you test it and she's how far it takes you. Should it suit you, then you adopt it else, you go ahead to testing another. It's more advisable you do your testing in a demo account and if you most do it on an actual account, use the least lot size.

That involves our mindset, if we think always negative and if we think about failure, we'll never go far and not to succeed.
Successful traders can surely tell their life that not trading is not so easy. However, they don't give up, they keep moving and correct those mistakes in the past which I believe that everyone can make decisions to correct it and to continue.

What brings your self-esteem down is because we think a lot of negative things around. Why not focus on how to win this battle and thinking about how to learn to trade in order to reach our goal. Nothing is impossible if we seriously work on it.

That normal to worry about trading when it's your first time dealing with cryptocurrency. What's important is to prevent that kind of feelings, don't use huge amount of money for the start of your capital. I suggest to invest only at $10, it not painful when you fail on trading and you can learn within a step by step process; before risking at bigger quantity of money.

We can't enjoy that $10 and it is a too small amount to start learning in trading. More experience = more learning and it is impossible for a $10, maybe $100 is good enough then. Learning to trade is costly but if you can make it short, you can save more. But you don't need to rush, not exactly what I mean about short-time learning. If you have studied it before in actual trading, that would be an advantage and it saves time.

But we should have to keep in mind that everything can't be good at all. Sometimes we struggle hard and that is a part of trading, and that should be included in our preparation.

In a simple explanation we should educate ourselves first before we will going to trade in any kind of cryptocurrency. Yes, trading was simple to think of but difficult to execute since you need to put a money in it and thinking of a money involve makes it terrify. Observe the market for a while and study the market fluctuations though it may not predictable but atleast you may develop your gut feelings of which crypto was worth to trade 

Trading is risky and we should be aware of the risk associated with it and that means losing our money. But dont be discourage because if you know you did the right thing on how to start as a trader then dont stress yourself.

You need knowledge, plan and strategy. Thus if you buy a potential coin despite of having low price at the moment dont lose hope because if the market turns better most likely these potential coins will bounce back and you can profit from it.

Try to change your way how to buy some coin and get profit later, maybe last your moment for buying some coin after getting good news and you will not have chance to get profit because bigger investor waiting for good news to sell their assets, you have allow their way when buying some coin after get bad news and make price dump, they have ready with bigger amount for investing and you can enter with them, but after getting good news never holding your coin and soon as possible you have sell to get profit.

Well, it has never been that easy, trading is always difficult and most cryptocurrencies keeps on going down almost all the time, you just have to technically analyse and invest in the right market at the right time or else you’re just going to keep losing. If you didn’t learn the market before you started, you’re going to be making some mistakes.

But that’s not something to worry too much about, you can still learn everything that there is to learn about cryptocurrency trading. And once you have figured it all out, you’re not going to be losing most of your trades.

It's a depressing situation you described there. You're not alone on this and I can tell you for free that every veteran once had their fingers burnt on this too. But the important thing and what cuts them clear of losses is their ability to pick themselves up and forge ahead, mastering the skill sets for trading. The easiest place to start for free is YouTube. There are lots of tutorial materials on YouTube. However, you should also realize that even veterans also have bad trades from time to time. No one holds a holy grail when it cones to trading.

Nevertheless, I must warn you that learning isn't child's play. You have to devout time and practice (this is the area a lot of aspiring traders lag behind) to it to have a grip on it. While you are at it, let me quickly add that, for whatsoever reason, you shouldn't make any trade call from anything less than the 4hr Time Frame. It saves you the emotional trauma of what the lesser TFs do and muddle your brain with.

By trading? Maybe, depends on how good you understand the market. If the coins that you buy falls, as long as it is a well known crypto currency such as bitcoin and ethereum, keep holding. If you don't sell anything, you don't make any loss even if the price falls.
You should keep trying. You will make a lot of loss, but eventually with experience you will figure out anything. Or a safe way to make profit is by investing in crypto currencies and holding it for a long term or until your profit goal is met.

Get a job to sustain your daily life, since you are new to crypto trading, I suggest that you should trade in small volumes because you might encounter losses along the way. Scour this discussion board and hopefully you can get lessons from other members who shared experience in trading. Do not be discourage when things do not go your way as most of them does all the time, you will hit a lucky break and when you do, the good times will just grow exponentially.

You are giving almost the same answer as the post you quoted gave. Anyways I agree with you both because I am hurt when I see guys like OP being panicking and it is natural to panic when someone new enters trading and suddenly the market which was looking like a gold mine turns into a war and you are only losing everywhere you invest and whatever coin you buy.

I read so much about trading but even now when I try to trade I get baffled like I was so hyped about UNI coins but when they hit exchange the price pumped and I bought some then the market dropped and I had to sell for loss. I mean the market is not easy to read even for someone experienced and I don't know how UNI is doing now but I stopped trading alts recently because of the loss.

Exactly, if things were as simple as just buying the top coins in the market then most people will be in profits, the truth is that trading is extremely hard and only a specific type of person has the necessary tools to even have a chance of making money in the markets, anyone that gets easily frustrated after a loss is someone that must not ever trade, because even the best traders around the world lose money and lose many trades in a row.

So anyone with that character flaw will eventually get desperate and make bad moves or will leave the market, and the market has the tendency of going on the direction you wanted just when you are not invested in it, so to anyone that is thinking on becoming a trader my recommendation is that at least they dedicate 6 moths to study the markets before they begin to trade.

So you are buying wrong coins! Probably yes but cryptos trading and every kind of trading comes with risks so we need to make our assessment related to our asset.for clear goals with our trades or investment.

I advice you to learn technical analysis which will help you to get forecast about coins you are going to trade so it is possible for you to buy or sell and make money from it.

they say when your in doubt dont do it . i think worried and doubt are verry close to each other or have same meaning thats why i apply this qoute . what you need is confidence , throw your worries or doubts in the window  .

you can earn an income on trading if your already good at it , no income yet doesnt mean your suck at it but you can always improve and work out your mistake .

 by the way , what is that coin that you buy ? but i think still  useless to know because whole market now is down  .

I will recommend you to read this article I wrote about money management, wich is the main thing IMHO you should be looking at when you trade.

Notice is based on Gunbot strategies but you can apply the methods to your manual trading.

https://cryptodroi.com/gunbot-money-management-crypto-trading-secrets/

Be aware that Im a Gunbot Reseller and I do market the product in my site, but I really hope you can learn some from the article.

If you’ve entered the market and bought a coin, your next step doesn’t be to panic too much if the price of the coin you bought is now in decline. So don’t sell them when the price of the coin you’re buying is lower than the selling price. If you buy Bitcoin, the price will recover. So be patient! But here I do not know, what coins do you buy?

There are no trades that are not risky, so learn everything about trading on the internet, everything you need is there, even in this forum you can also learn a lot, as long as you want to spend a lot of time. Trading in crypto is not easy. If you don’t want to learn, you’re going to be at risk.

There are some things you have to look before Carry out trading:
1) Environment: crypto trade is not like other trade you can just jump and start training without observing the areas of the market to know if the market is due to supply your coins.
2) Research: For you to earn well in your crypto trade you have to do some personal research to know if the supplier are low and the demand are much before carry out your trade.
3) Patient: For you to become a successful crypto trader you don't need to rush when others are rushing in the market.

I think the fact that you're asking on here what you need to know already indicates that little research was done before investing into these projects you are now having difficulty getting profit from. This is not good.

First, grasp which coins you want to buy, why do you think buying them will help you make profit either in the short-/long-term and also decide on which exchange out of many you want to use, which one is more attractive to you?

These are some of the initial questions you should do right away. As for how can you minimise the loss, you could always add a stop loss, or if you think the coins won't ever rise to the value you bought in maybe best to let go now, and repurpose the remainder into coins you do have some inclination/idea that will at some point go up.

It depends , some people can’t tell whether they are investing in a good crypto, would have been better if you listed the coins you have been buying so that forum members will give their thoughts on them and whether they are a good choice. Sometimes it would be better to leave altcoins that are still very new and go for the old ones that we have all known for a long time.

New cryptocurrencies can be good though, because sometimes if it’s a good cryptocurrency the price can start growing from there, and being one of the early investors means that you will be able to benefit a lot from it. But for now you have to go for the ones you know that are very good and have been able to last for long.

Which of the cryptocurrencies did you buy that crashed? Did you buy Bitcoin and when?

You should have pointed out the cryptocurrencies you buying that keeps on crashing. I have noticed that newbies in the forum when they point out their coins of interest it’s usually some strange coins that I have never heard or read of before.

Since you’re new, if you don’t know, just buy ETH and BTC, then add some of these to it – LTC , Tezos, etc. These ones are cool. Lastly is the area of trade you’re into, is it hodl or day? Holding seems more easy and people are easily attracted to it.

Unless you have already learned in some way how to trade crypto currency, you have no reason to be worried about that ;D .
Other than the basic of this market, you should take in consideration that Road Map and any target provided by a project should be highlighted in your task manager. I will suggest more over to study just few coins since in this overcrowded space it can be difficult follow all new product or operate with a wide range of crypto currencies.

You won't be worried about your crypto trading if you are into a great coin that is profitable and if you do know the basics on how to do crypto trading. If you are still not knowledgeable enough about crypto trading, then it seems to be the problem on your part for engaging too early when you do know by yourself that you do not basically know anything about the field of work you have chosen to work with. You are literally risking your money for doing such thing because doing crypto trading is not based on luck and guessing on which crypto coin is good for trading. You must get yourself familiarize first on the cryptos in the marking which basically about their price behaviors, the state of their market, and other related things about that. After you have truly know about it, then it is the time to try trading again with some confidence because you already acquire needed knowledge that can help you be profitable in crypto trading.

haha you sjould be ,trading is always very difficult task ,and in crypto its so volatile and difficult to trade

If you are buying at a very high levels you are not going to make a profit, you should not get in when there is a big hype and the price is high, wait for it to go down and you can get in at a great price. Look at the previous 3 months for example, almost everything was down 3 months ago, now they are all higher right now, obviously you can't do that every single time, but that happens very frequently for everyone involved.

Look at every single year in the past 5 years, there is a huge down and there is a huge up as well, every year has that and that is why I think if you could wait for that big down that will always happens, you could buy from that place. But no matter what you do there is no way that you could sell when the price is lower than when you bought it and lose money, that is the worst thing you could do.

He should wait until the price increases higher. But if the price is not high and down deeper, maybe he can buy back at a low price. But that is only if he has more money to buy, and if he has limited money, he doesn't have to force to buy more bitcoin because that can make him wait for more. It is always recommended to buy at many orders, so he can still buy at another low price when the price is going down.

Those who trade for others and get paid for it wil disagree with you on this. They will be right to do so because that is what some bankers do in the banks. They trade for banks and they get salaries for doing so. How do you define such situation? On the part of OP, am thinking he is doing panic buying and panic selling. That is not a good way to trade.

Many people are still observing the market if it's time to trade or not because every market has is own time to put smile in the eyes of the trader. In this season we are, is a stable season for all crypto investors, if only you can still do your personal research to know how the market will look soon.
I guess you have nothing to worry about because market will soon get better for all crypto trader. Things is about to work well for all those that trade their crypto for long . Market is changing gradually which many traders are feeling it already in the market.

The era of just buying crypto anyhow and expecting a profit is gone for good except you learn how the market moves based on candlestick patterns there are many tutorials on YouTube and google on how to buy low and sell high, there are some indicators and candlestick patterns trading strategies e.g exhaustion candles coupled with price Volume analysis that will indicate opportunities for buying and selling thus avoiding trading blindly without taking into consideration some basic knowledge of trading.

This should how things works, there are many information that you can gather around the internet, you can learn how you'll be able to anticipate how the market move and how things will works accordingly.

Buying low and selling high is still the best working strategy but it's  not that easy as it is, there are many factors that affects the current movements of any projects that you'll involve yourself, learn everything and make things favorable to your investment.

Learning yourself is a very long way, lots of mistakes and big losses. Not everyone can make money on trading, you can study a lot of theory, but in practice nothing will come of it. Now the holding time is really over, it can only work with bitcoin. Perhaps you should do this, just buy bitcoin and wait for a while until it starts to grow well, I think this will definitely happen.

In any of the exchange site platform you can able to earn anytime you want actually. On your case you bought a coin then suddenly most of them after you bought it the price went down. right? as a trader you need to be patience and you must observe the movement happening in the chart as well so that you will have an idea about what your gonna do or next step for you to earn in the future.

crypto trading is depend of ur mind control. if u worried about trading it’s better to firstly analyze market movement. don’t take it’s a money machine because it’s not like that u can earn money without lose, here surviving is bigger challenge for beginner's. profit or lose can be happen on trading. i'm worried u r a newbie on trading   

Trading isn't an easy way to earn money unless you got skills and knowledge on how to analyze and observe the market. Trading an active and reputable coin just like Bitcoin and Ethereum is also an advantage. It's also a matter of how you control your emotions because the market situation is always like a toller coaster ride. Try to learn more about trading so you won't have a hard time dealing with it.

There is nothing to worry about with crypto trading trading will become easier if you have a good idea about trading. First you have to learn about trading without thinking about earning. Decide where to trade. It is very easy to achieve success if you follow the plan. Try to learn something new by researching trade sites in forums and crypto markets in addition to learning trading you can invest in Bitcoin and Ethereum currencies earn money and learn a lot about the market.

When you do start up from scratch then you do really have should this kind of thinking where you shouldn't aim for profits directly but rather trying to experience things first on how thing works.

Loses are common on your start-up and even pro's do really commit mistake.Goal here is that you should lessen up the risk and make yourself profitable in the end of the day.

This had been the most common point or target on people is on how to make money or make yourself profitable but as said , these cant be achieved in a short period of time.

Don't make out conclusions and do quit just because you had committed few losses.

This is how crypto trading works. Maybe you are still a newbie to the trading platform. I must say to you that you should need to know the basics of trading and if you are well calculated then it will be one step easier for you to understand. Before doing anything, anyone should know about the details of it first. You don't need to be worried. Just have some patience till the green signal. Market will recover soon. I don't know which tokens or coins you bought, so nothing to say specifically. Keep patience and learn how it runs.

All coins in the market are surely will decrease their price, it is because there are volatile.
And because of this matter lot of traders also got earned several times here, we just need to be wise and
aware about the coins on which has a potentials to increase in future.