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Such things happen to any person. And you should not be so upset about it. If you seriously decide to engage in trading, then you need to get used very carefully and every day to monitor changes in the exchange rate.
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I agree that the price is controlled. This happens always, even when it seems to you that no one controls the price and some event has caused panic buying or panic selling. But it is not. Events with the help of which manipulators affect the price can also be created artificially.
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The fact that ethereum has fallen in price does not affect the fact that this platform is unique. There is no one who could replace ethereum. The team of developers continues to work on the project and there is no reason to doubt that this project will be successful in the future.
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I made a big mistake when I started trading using large amounts. As a result, in the first month of my trading I lost much more than I could afford. Do not repeat my mistakes - always start with small amounts.
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Panic mood is something that is characteristic of almost any newcomer when he gets into a non-standard situation. It is very difficult to avoid such an error if before that you had no experience of going through such situations. As a rule, this always leads to large losses.
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I started doing it myself. Nobody helped me no one taught anything. I started with small amounts and then increased them gradually. Thus, in about a year, I learned to understand the market quite well.
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I came to the conclusion that the best option for me in everything is to listen to myself and in no case listen to the advice of other people. It always confuses me. When someone convinces me to buy bitcoin, it usually means for me that I don’t need to do this. I prefer to rely on my knowledge.
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If you have a MacBook, then the Safari browser has protection that allows you to filter out fake websites. Use the technique of famous brands and you will have fewer problems.
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It makes me laugh when I read such predictions. Someone actually believed that bitcoin could cost 64 thousand this year. Many who believed it - now suffer from losses.
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I'm conservative in this regard. If you did not succeed the first or second time, then try the third time - do not. We must try to understand that you are being pushed again and again to make mistakes. Analyze, and only then make a decision to repeat it again. Otherwise, you will lose money every time.
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When we lose large sums of money - we should never try to win back, as if we are in a casino. Usually this leads to the final loss of all money. The only way to regain your losses is to try to make money again, carefully and keeping calm.
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This advice may not be suitable for everyone and not in all situations it will work well. When you deal with altcoyins, a profit of 20 percent is sometimes less than a fluctuation in the value of a coin within a few hours.
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I think it better to control your emotion during trading than to get to get of it. Emotion will always be there and no one can detach from it. Learn to manage your emotions first before going to trade and learn also on disciplining yourself. Prepare your mind for any eventuality in your trading, accept whatever the result and learn from it. Every loss is a part of a learning process that will eventually make you wiser in your next trade.
You will not be able to get rid of emotions until you lose a large sum of money for the first time. When you first go through this - the next time you will not be so restless. |
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In YouTube there is a lot of training material about trading. You can learn all by yourself if you have a great desire. But it's better that someone who has experienced you watches and tells you if you start to trade yourself.
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The HODL - is one of the best strategy for beginners investors. I agree with this. But also you will need a lot of patience and endurance. Your nerves should be like metal cables.
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I think that bitcoin will necessarily grow, but I'm almost sure that it will not be able to reach the level of 20,000 again. This will happen not at this year, but much later.
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I have not had such negative events this year, so I can not say what I would do in the place of the person who lost money. Until you sold your coins at a loss - you did not lose anything. Do not give up - that's one of the most important principles!
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Despite the fact that I think bitcoin is a bubble - it does not stop me from selling it. In addition, I'm sure that this bubble will have an incredible future.
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I now do not have bitcoins. Because I transferred all my bitcoins to altcoins recently. I think this is the right step.
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I've never liked the idea of mining, because I do not know much about it, and I find it very laborious. It's easier for me to trade.
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