Many people regret that they did not buy BTC while they first knew about it. For some, they did not sell BTC while they could.  For me, I got MWC & HEX for free from airdrop to BTC HODLers, but dumped them before they peak. I could easily make 10x of my existing BTC, if I held them strong.  What is your Biggest Crypto Regret?So far my greatest regret are holding tokens that I earned from long time bounty. I really thought that the market will be more than what its worth during the last bull season. Lessson learned; needed to be attentive and dont be greedy if there is an opportunity come at your doorstep be glad and contented with your profits. Now Im gonna be smart on holding some tokens that I think worth on the long term and those I feel as shitty project but have fair value will goes to btc wallet and wait for a good opportunity again and again. Same as me! I regret holding shit tokens for a long period of time instead of trading it with other worthy coins. At first, I felt angry but then I realized that it's all my choice. I couldn't blame anyone for my own choice! I learned a lesson in a hard way. However, it builds my experience to be smarter in the cryptocurrency market. It also builds an ability to realize whether holding or trading tokens. |
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If the project has no liquidity, it will surely be dumped by a large number of tokens from bounty. It is not the fault of bounty hunter, projects need to improve their volume to avoid dump when distributing bounty or airdrop.
True! Stop blaming us - bounty hunters. A project token will have a better price if that project has a great plan and the project team does the great work! It all depends on the ability of the team. Bounty hunters just jump in-and-out in a project to make a profit. They're not the ones who follows along with a project like long-term investors or holders! Therefore, stop blaming us!!! |
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There used to be a lot of bounty scams and I decided not to post them since August 2019. I was very disappointed to see the bounty in 2019. A few days ago I met one of my friends who said that if there are fewer bounty scams now, is that true?
I now decide to join the signature that I use now
Even if there are, we should not bring our guards down, it's still risky scammers are not on vacation they are continuously making projects that look good, scammers are far better than legit developers in launching a project so better take heed and always on guard we never know what's going to happen next. Right! I agree that the number of scammed bounty projects is decreasing. However, it doesn't mean that there are no scam projects. We always have to be aware of that, don't waste your time and work into a scam project. The best thing to do is that you have to be good at doing research. It reduces the risk of being scammed! |
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Those crypto signal groups are mostly paid signals that needs VIP subscriptions to join. And when it's come to accuracy it is not 100% accurate. Though I can tell there are some signals that they provide that are effective sometimes but if you know how to read teachnical analysis, volumes, charts, etc. Then I won't advise you to join any signal groups. Waste of money + not that really accurate. Well, that's my own experience. So, you can still try it yourself.
You're right! Trading signal groups work based on the creators' behalf, not yours! You should learn how to analyze the market by yourself so you can have the ability to double-check any signals given. Despite the fact that sometimes trading signal groups actually help traders, there'll be a lot of time that they give out the signal for their own reasons, which can hurt traders! Therefore, don't completely rely on trading signal groups to trade! |
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Just do not rely on ONE ARTICLE. If you think those charts, indicators in an article compplicates things as a newbie trader, then find another resources that explains well about those tools. You can also rely other tools like youtube for better understanding.
I know it is hard for a newbie to trade when you do not have strong weapon (wisdom) like technical and fundamental analysis. But it takes time and do not rush things. You can still do some trial and error. From that, you will gonna learn something.
One of common mistakes of people who do just recently jumped into a particular thing on where they do rush things up and when they do found out a single resource and sees that it isnt really that helpful then they do generalize it all and presuming that others would have the same thing without even thinking to research up for other resource and we know that internet do provide all of things, it will really just matter if you do put efforts on making up a research. We do start all from scratch and it is really a wrong mindset for a person to think of that they can learn everything overnight and make quick bucks. True! You can't expect anything good to come to you without putting effort to gain it. Doing research is extremely critical in this cryptocurrency world! There are no completely trusted sources of information. Considering different sources of information to confirm the intel that you have collected! Besides, equipping yourself with fundamental knowledge, learning techniques, and skills are also important to be a good trader! |
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How lucky you can have a capital of $ 20k, which for me that amount is very large. My advice is to use this capital for investment or trading.
Avoid mining, gambling and HYIP investment, if you do not want to lose capital. I recommend the $ 10k invest long-term in bitcoin. Then the
remaining $ 10k investment in altcoins, choose altcoins that are popular and have a high volume.
I agree with you. Stay away from HYIP projects and gamble as this can cost you money very quickly if you are greedy in this market. I think the traditional investment is enough for you to make money here, but before investing, you need to prepare knowledge because the market is very volatile. Of course, sometimes you will feel you lose money from this market but do not give up and continue investing because every time you lose money, you will have a new lesson. Agree! Furthermore, don't do gambling such as margin trading like Bitmex! You know, it's gambling. $20k is just way too big with me. If I were you, I would choose to allocate my capital on different coins. BTC for sure, ETH, and then some altcoins. The reason you should invest in BTC and ETH because it's good for you in a long-term way. In short-term, altcoins can be very potential to gets higher prices. However, before you do anything, you need to do research about it since there's a lot of scam projects in this market. |
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Hello,
The situation unfolded for me that I am not a very good trader, when I am trading, I always loosing.
I thought that maybe I can find people to invest into and they could trade with my funds for a share.
Could anyone tell me if this even legal and where I could find this solution?
In a reasonable matter, I/We will not recommend this thing and we don't like you to lost either all of your funds one day. If you can't afford to make things right in trading, better not to push yourself. And not a good idea to trust someone in the other world to work with you and use your money in trading. If you had never experienced being scammed, then it absolutely you are bringing your life into it. I understand how desperate you are because of your losses but I don't understand how it comes into your mind thinking about this. Maybe, you'll need to rest first and think deeply about your plan. Right! First of all, don't be too disappointed at yourself if you're losing some bucks in this market! All of us have been losing something and the loss is unavoidable! The important thing is that instead of invest money for others to do a job based on your behalf, you should invest time to learn about the market! Having the fundamental knowledge about the market, skills, as well as techniques is really helpful! A good trader has to have knowledge, skills, techniques, and experiences. You're in the phase of collecting experiences! Don't give up! |
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I think this project was launched long ago perhaps in 2016-17, even then it has good community and hype and its price soared, it was introduced with the name of Monaco but then the team rebranded to crypto.com and also new tokens were introduced, uptill now i rate ot as good project and they are legit but always calculate your risks before investing because online world is full of shocks and you never know when any project closes.
Yes! You're right! Even crypto.com is a legit project, it's not completely safe! There's nothing as "safe" in this cryptocurrency market! Always manage your risk before you investing in any projects! That's how you reduce the risk and increase the chance! |
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at the moment I have also done that but is it possible to just look for a bounty project that is already listed on the exchanger is certainly good? Are there no more cases of cheats or the project does not make payments after the bounty is finished? and some options for a good bounty manager do you have a recommendation?
There are plenty of projects or campaign listed on exchanges. Cheating or scamming is inevitable, the latest one I heard so much is digitalbits, good thing I did not participate on their campaign cause the management decided not to pay them and they are really ignoring their promoters. For good managers you can bet on arteezy, bubblealex and bounty detective. So far these are the people recommended for altcoin campaigns. Yub! Projects that are listed on exchanges don't mean that they have credibility. Scam projects are very sophisticated. It's hard to realize which one is scam. However, you can do several things to reduce the chance of being scammed such as doing research about the projects, following along their plans, etc. |
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It's easier said than done, every pro traders have their bad days you know, OP makes it sound like doing all his point will make you are winner well in trading there will always be winning days and losing days, the greatest enemy of trading is our emotional part
It's not only pro traders but everyone have their bad days but when they can handle their bad experience and try to be a better for the future and they will get a lot of experience.That's why we must able to control our emotional and never try to follow it. It will always bring us to the loss. Yub! Emotions in this market such as angry, sad, happy, etc are very important. When you're sad, you can think about giving up this market. When you're angry, you may do some stupid thing that blow all of your money. Happy seemed like a good emotion but no, when you're happy you may act without thinking wisely. Emotion-control is just as important as risk management. Keep your head cold when you do anything in this cryptocurrency market! |
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all altcoin if the time is good then everything on your list will experience an increase, I believe 100% of that will happen,
because seeing Xinfin go up 300% makes the reality that other altcoins will definitely be able to do it
LOL! It's good to be positive but you have to be wise also. You have to accept the fact that any coin that is listed could be a scam-coin. Don't pay all your trust to anything in this market. However, that would be nice if those coins could increase its value since I have some of them in my wallets! |
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Many times I came across the fact that some people hold coins that should have been sold. At one time they were quite successful, but then they reached their price peak and then their price began to decline. It is very important to be able to take profit on time.
that also happened to me, when ethereum prices were very high, and I did not immediately sell them when ethereum prices began to show a decline, because at that time I was sure that ethereum prices would return to normal but in fact not ethereum prices declined Previously we don't have any idea about the cryptocurrency market situation where many people failed to sell them at a higher price. During the last bull run, there are only very few fiat currencies, which nobody has any idea about converting for ETH to USDT. So it is always good to hold them in long term. True! Fiat-cryptocurrency such as USDT is kind of safe to hold in the long run. However, holding it as a store of value is good. But if you try to hold it to earn a profit, it's quite impossible. A stable coin such as USDT is born to be a coin that keeps its value over time. Therefore, if holders want to earn profits, they have to risk their money in other altcoins that have the potential to pump its price. |
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Unfortunately, I learnt this the hard way but lost a whole lot before I realized it was the wrong way to trade. I thought I was wise at the time until got caught in between trades and ended up losing a lot of money. Some of these market waves and price reactions are mostly whales playing with the prices and influencing the market. You might be thinking your analysis has properly made it only to be shown another side of the market by whales. One has to be really careful when trading the crypto market as it is full of extreme manipulation.
You're right. Waves in the cryptocurrency market are normally created by whales. They want to pump the prices and then dip it down for their own reasons. However, following waves isn't that bad. You can jump in and jump out real quick by setting your profit target at a reasonable point. By that way, you can earn some bucks while the waves changing unpredictably. I call it "ride-the-wave". |
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Taking consecutive losses in trading has led to a lot of blown accounts. Losses affects us psychologically and doesn't make us think logically. Just wanna know how you get yourself back in right state of mind after taking a loss or better still, how do you handle losses? Share your experiences and techniques, this will be helpful.  I have read Dr. Elder's book and he always has a 6% rule. If you trade continuously but the entire order is at a loss, your account number has decreased by 6% then he advises that we should leave the market briefly. The first is to stabilize the mentality and look back on your mistakes. Then review your trading system and correct those mistakes. When the psychology stabilizes, we return to the market again to trade. True! I always set a loss-limit for myself at 8% of the transaction. At the time I lost more than 8%, I'll cut the loss - jump out of that transaction and wait until it's stable to re-join in again. You have to do your mind-set, having a strong mindset helps a lot in cryptocurrency trading! |
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I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.
I write this article today to explain some few reasons why i think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).
2. No Risk Management
I am a victim of "No Risk Mangement". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have a proper risk management regardless of your analysis of the market. I personally enter a position with 3 -- 5% risk of my total equity.
3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as i mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you changing the pairs you trade.
Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.
Apparently most of the people I do think are :- Scared to loose money Cannot invest much time I do think in trading one needs a lot of time and ofcourse , even a single mistake can cost you a lot . It is really hard sometimes to keep track of the market , the prices changes every second and therefore most people unfortunately have that negative feeling that they won't be able to perform better . At the same time their past mistakes makes them really think about doing it again . Contrary to popular belief I do think trading is actually not about luck , but rather it's Time , Investment, Strategy . It is an art , the person who knows how to do it can actually become rich in a matter of days I would say . You just said what I'm about to say lol. Most of people who quit trading because they thought the cryptocurrency market is so easy to earn money. They just throw their money to the market without understanding how the market works. Therefore, it brought losses that they are so afraid of. They want to earn profit but don't want to invest their time in studying and learning any basic knowledge. Hence, they thought cryptocurrency is nothing but gambling. Therefore, they quit! |
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Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.
It is not with the trading bots though, keep in mind that what bots are trying to execute is a command from the user, so basically they are acting like the trader's extension hand so if it is profitable or not it will vary on the trader's settings. I've been thinking lately to use bots coz I'm very busy apparently the virus just become a pandemic and here I am been locked in my house for 2 months now, don't need any bots to trade. And to be honest trading manually is better than using bot imo. True! Besides, exchange platforms such as Binance and Bittrex also have the tool that you can set the limits of buying and selling. Some of those bots can trade base on the signal. However, it doesn't always work efficiently. Keep in my that bots and trading signal groups are created based on behalf of the creator. If you think it works on behalf of you, you're so naive. The best way to trade is to learn how to trade! |
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The main mistake of a trader is to hope for luck and trade manually  How can you work differently? Do you mean using additional software? Yes, of course, there have long been trading bots that significantly simplify trading. Look, there's a lot of information about this here. https://tradingbot.info/bittrex-trading-bots/Without knowing the basics about the trading directly it is not good to follow trading bots and trading signals because basic knowledge is always important for trading. Trading is long term things and it is not a good idea to follow the signals and bots provided by the others, even though it takes time but we need to learn things. definitely, having TA knowledge is an advantage when you are in trading. though most TAs are not applicable in most altcoins, yet you have the advantage of understanding what might be happening in the market, generally speaking. also most trading bots or trading signal groups dont work in favour of the trader but rather who owns that particular group or bot. it is right, it is better to learn the basics and know the ins and outs in crypto instead of relying those auto features. you will find out sooner or later, that your effort will paid off by better returns rather than relying on signals (you can compare if you have prior experience using those autobots/signals) Agree! Some people are so naive to believe in TAs and trading signal groups! "There ain't no such thing as a free lunch"! It's always the best to equip yourself with a certain knowledge base! The very first thing you should invest in is the time to learn, to explore, to understand the knowledge as well as the trading techniques, trading skills, and analyzing skills. |
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The realistic thing is, if you do nothing, you gain nothing, if you do something there is a "chance" of you making a profit. Here we are not discussing the theoretic of trading and what it means to human economy, we are talking about already deciding to trade and how it will affect. The thing is trading is never a sure thing, you could make a lot of profit, or you could lose most of your money.
There has been a lot of people who lost over 80% of their portfolio in the 2018 crash for example, most of the altcoins haven't recovered from that period. But, there has been a lot of people who invested in small stuff and made 50x of what they got in as well. We can't tell you which one will happen because it is not something we can see neither, if we could we would have been super rich and not be here.
It's so dang true! You can't search for rewards if you don't actually earn them. Personally, I would choose to trade. Trading can bring you profits in the short-term periods while investing in a coin takes you a lot of time to do research and wait. Consider that you only have a small amount of money, you should choose to trade with altcoins since they don't cost a lot of money. It's just my opinion, hope you found it helpful. |
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I am not sure that ICO will return. if it returns, then the system must be better than IEO, and that doesn't make it ICO, but something new. Until now, ICO is a nest of scammers, so I am quite doubtful that ICO will return, except in special terms and circumstances.
True! Even ICO returns in special terms or circumstances. I would not risk my money again. Not only me but also a lot of people lost money in ICO. Even I did my research carefully, ICO scammers still won. I prefer to invest my time and money in bounty and trading. |
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The best Stablecoin is Tether (USDT) as it is most popular in the world and known for it's 6th month valuable digital asset. It's a fait collateralized asset that backed by the dollar.
USDCOIN it is a fait collateralized Stablecoin and pegged with 1:1 dollar. It is available on more crypto exchanges . based on Ethereum Blockchain, issuers also maintain the financial services company Thornton as auditor.
I agree! The best stable coin is USDT. The reason is that USDT is kind of the same with fiat money. However, I hope you not just invest your money into a stable coin and just leave it that way. You should allocate your money to different coins which you think can create profit. |
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