Yep, of course, holding is not an easy task. Even trading is not simple. Hold, of course, we do for a long duration. This is the time we spend in a state of anxiety. It is not apparent to announce when the market circumstance is. Many times it is glimpsed that it is not going to be sold when it is needed. Furthermore, even if the price is high, there is no route to sell. Many periods the price of the coin never goes up again. All in all, one has to handle a dilemma. So literally holding is not an easy thing.
Well, if you are spending that time in anxiety that is the problem right there, you need to learn about how you should not be feeling any anxiety at all and you will see that holding is a lot easier in that situation. I am not saying that it will be a piece of cake, of course it is going to be difficult but I believe it is not that difficult, I believe it is quite easy when you do not feel anything about it. Problem with anxiety is that if you let it overtake you, you can't do anything in your life and not just crypto holding and that is why you have to learn to calm that down. I know it is not easy but at least if you know where to focus your situation, you could make some profit holding and can do that easier. I used to have the same feeling, after a while it became such normal feeling that I literally started to just ignore all my holdings when they go down or up. |
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Hello guys,
does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
Thank you
I don’t think there is any accurate data on this, even when it comes to stocks and forex trading, you don’t really have accurate data, and I think that’s because there are so many platforms out there for trading and everyone doesn’t trade on the same platform, and every platform has different data when it comes to this. According to blogs, around 70%, 80% to 90% of traders lose their money. I once researched on this and found an article where eToro disclosed that up to 80% of traders lose their money up to 36%. So that’s just it, cryptocurrency trading wouldn’t be any different. |
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I also already lost a lot of money when making a trade, I remember I bought $1000 in bitcoin and I lost when making a trade, I already lost $500 when making a trade
Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well. I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times. I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that. I do the same thing, I really never feel pessimistic about my chances even when it drops in price. If you own bitcoin (and I own few more other bit coins like eth and bnb so forth) I know that even if I lose money today, I will earn it tomorrow, it is always a profitable business to keep some money in those things. Which means at the end of the day we are talking about something that will profit us, so why be sad about losing it. Of course if you risk your money with leverages, margin trading and many other method where it is totally gone when you trade, you will lose money and be upset over it as well. How could you lose money if you only hold bitcoin and wait for it to go up? There is no way to lose that, as long as you can wait long enough time. So it is not about if trading and losing is bad, it is about how you trade and how you approach your losses. |
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And ever since this topic was created we are still in a great rise, bitcoin rises, altcoins rises, hell even dogecoin broke over 67 cents, I don't get how that happened but it happened. Which is why I always say that do not listen to people who do not know what they are talking about, they are just contrarians who want to get attention they can't anywhere else and that’s it. Market doesn't agree with this notion, we all believe that bitcoin is still in bull run, it is evident from the purchasing and buying of coins right now where people are still buying a ton of them.
This is why I do not think that we should be worried about if it is a ponzi or a bubble, it was always obvious that it is not a ponzi, it was clear from the start, ponzi is something totally different, but it is also obvious that it is not a bubble neither because it actually is valuable to many.
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I think there is a possibility that it would not soar as high as it is right now because Elon Musk advertisement of Dogecoin has clearly influenced a lot of investors. Just like what he did with bitcoin, as he bought a huge amount of it, the value spiked up and many people started investing on it once again. He is a huge personality who is capable of controlling not only the price of any coin he choses but also the decision making of the crypto enthusiasts who clearly believe in him. It wouldn't be a surprise if ever he can make Dogecoin become more successful in the future so watch out for it and start investing if you think it would make it to the top someday.
Well dogecoin is already at the big table now. A coin that wasn't even in the top 20 a year ago I think, is now the fourth biggest coin. I know it makes no sense to me neither but they managed to buy it and hype it to this level. I think without Elon it could still succeed but it would be harder, it would have a chance to go down even more without Elon and would be very fragile. However there is still a huge chance it could go down very fast even with Elon tweeting about it, it would be a harder situation than not tweeting one but it is still possible that it could go down. This is why I think it should be obvious to anyone who thinks that it is a good investment that Elon is a helper, he makes it easier, but he is not the only thing, its easier with him and harder without him and nobody can deny that its %100 fact but he is not the whole thing. |
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every year, the potential of bitcoin and other altcoins will always be different. in 2018 was very different from the year we currently have. We all know that currently there are very many large investors who believe in bitcoin technology. whereas in the previous year, the impetus for cry [tp only lies in a few pushes such as the popularity of ICOs, and the halving. I'm pretty sure that the conditions will be different from the previous year.
Let people think whatever they want to believe. If they think bitcoin will go down, they will sell, when they sell we will buy from cheaper and get richer  . That is why I do not mind people who keep saying that we are in a bubble, because I believe even if they say whatever they want, a bubble, ponzi, crash, whatever they want to say, in the end we are going to make the profits and not them (if they act according to what they say. This is why I do not mind the Fudders, let them fud as much as they can, it is not going to work and will only hurt them. I also believe that anyone who believes bitcoin will go down, secretly wants it to go down so that they can buy more, that is the only reason that anyone would want it to go down, anyone who holds bitcoin wouldn't want it to go down so that means there are people who create fud so that it goes down and they can buy more. |
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Does anyone know of a group or individual who gives out crypto signals with buy in and take profit calls ?
There are a lot of such signal groups for crypto trading are available in almost all social media but if you are asking for accuracy them I'm sure you will find anyone. Because, almost all signal providing services are scammy ones they will just provide some signal but they are never responsible for accuracy. I have tried many such signal providers in the past but finally I concluded I am better than all of them in generating good accurate signals. My kind suggestion for you, better go learning basic of technical analysis and then you will be able to generate accurate signals for your trading purposes which will give peace of mind and at the same time will save costs as well. |
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Peopkle know about this and this could become the basic consideration before try to join in the bounty campaign. DYOR is a must but these days people know so well how to avoid the scam project except the bots who have been still posting the application without try to do any research. The managers were also helping the hunters to avoid the scam project by doing some verification to the project that interested to held its bounty campaign.
DYOR is a must for all of hunters.
Yeah, people are already aware of these things still they are participating in to bounty program without taking time to do due diligence which is the reason why is scammers are easily enjoying here in the name of bounty program. I like this topic because it is spreading awareness but in the past also I have seen many similar topics but unfortunately most people are never giving important for following the guidelines. Anyways, it is our duty and basic responsibility to spread awareness and the rest are up to hands of individuals. No one could take care of them for each scenario. But, these days I'm seeing there are less number of scammy bounty programs compared to what we had in old days of ICOs. |
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The market is recovering today and it is difficult to predict how long we will see this rally but the way in which huge investment are returning once again whenever there is a minor correction shows that we might see another huge rally from this stage before we see a major correction. All the alts rallied this time around and there if there is any alt that failed to do so you just get rid of them or look for a good exit point.
It is recovering today somewhat but until we are reaching another ATH, we can be sure about continuation of bull run. I am also in favour of seeing correction in coming days as well. Because bitcoin is struggling to break its resistance levels of around $59k to $60k which make most of the crypto markets to be struggling in high volatility. So, before seeing another good rally for most of the altcoins, we might experience another correction rounds in coming days to week. But nothing to worry about because some altcoins like ethereum and dogecoins are into strong bull run which may take care of other altcoin's bull run as well. |
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Have always wonder which currency would the world accept if only one currency was to be used. Maybe the dollar?, don't think so, The British won't tolerate that.
Cryptocurrency?. Maybe. Until the advent of cryptocurrency, I never thought that would be possible but it seems possible.
The world is not too far from a unified currency.
When it comes to having a one official currency for the world, I don’t think that’s going to happen. And as for those who think that cryptocurrency is that one currency, lol they are all totally wrong because cryptocurrency is not a one currency for the world, there are so many cryptocurrencies and people make use of them, although bitcoin is the one that has more usage than other cryptocurrencies, but others are still competing in the ways that they can and that’s it. Lastly I don’t see the need for having a one currency, I don’t see what kind of problem that’s going to solve. If there is, then I’d be happy if you’re going to tell me about it. There are more important things we have to focus on doing, we need to fix our system of government first. |
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You can't venture into any adventure unprepared and unskilled. To be classified as a trader you must have a well structured trading technique be it fundamental or technical.
But unfortunately many people are preferring those adventures and that too in manner of unprepared. Honestly I could not get those people who risk their money even there are lots of people keep shouting about the all possible risks of losing money in quick time. It seems they love fun and not the profits. The bottom line remains such a trader must have an entry trigger. Which could be regarded as what the traders gets as a signal before executing a trade
You mean that they do enter into trading due to they are provided with easy signals from third party? I never trust any signals from others; instead of risking based on other's signal, it would be much better we can simply leave the trading and may go enjoying that money in other ways. |
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Trading cryptocurrency for a living is currently not for you. First you need to find a job to have a fixed income. Second develop your trading skills or system. Until you are very confident to do trading for a living.
You are right. When we are trading without commitment then we can find peace of mind which must be more important for profitable trading in crypto markets. Having another regular income stream and then trying for extras income along with in crypto trading will definitely give traders an extra edge as they will not be in need of chasing profits but they can easily grab the opportunities which are naturally happening in market. Both new traders and experience traders should never take pressure on them because that will easily lead to emotional failures which is a known enemy for profits making in crypto trading. |
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future trading (others call margin trading) is what you are looking for. This trading type allow you to buy bitcoin as well as sell bitcoin without actually owning any bitcoin. You are beneficial because this function creates more opportunities
I somehow understood that OP is not referring to futures trading but it seems they are about to ask when to buy bitcoins like buying at bullish market will be benefitable or at bearish market will be benefitable (I am sorry I may be wrong with my interpretation as well). Anyway, for any trader, futures definitely not going to be beneficial for known reasons hence I will not suggest that OP. But I will suggest to keep buying and holding in both ups and downs and even more when bitcoin turns bearish as well. If you buy when bitcoin rising then you can book immediate profits and then you can look for dips to buy more. |
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in some aspects or some strategies we have our own kind, and that doesn't mean that this kind of strategy are work with you will going to work with other. That's is why in trading you must keep yourself updated and educate.
I do not find any specific reasons why some strategy will be working for you and not for others. If you keep using one same strategy for years then you may find that will not be getting you profits over the time as market conditions may got changed which makes your old strategy inefficient and when people copy that old strategy will definitely feel like what you have mentioned above. I am not ready to agree with OP neither. I am sure every trader must be having their own customized strategy to crack profits from this crypto markets but basically we are all doing buying at low and selling at high which doesn't mean that we are into same strategy. |
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It is true that altcoin or bitcoin holding is something that is not easy, but holding when bullish is very profitable,
I suggest multiplying your coins during the bullish season, and look at the market now !, Bitcoin prices drop causing altcoins to drop drastically except for Doge and Ethereum,
buy coins that are still cheap now then HOLD, don't let you sell it at a low price
Holding in the times of bearish is too hard, I agree but you need to make use of dips then you will never find bearish markets as hard as looks now. It means you can do cost-averaging at the times of bearish markets. If you keep buying at dips along with holding, you will get cheaper buying prices for all your bitcoins in average. This is one simple method, most people are already into practice. Just learn and enjoy the benefits of long term holding among both bullish and bearish markets. |
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Centralization reports on profit and decentralization shows a growing volume and on which side you will decide
I am not seeing big differences between profit levels and volumes as both might get us the same things. So, getting into decentralization for privacy and freedom reasons will make sense to me. I am just wondering how wise paypal is on deciding a timely decisions to adopt cryptos into their business. Because, that must be the core reason why they have up surge in their revenue. At the same time, I feel pathetic for the people who never gets time to think beyond paypal. It shows lots people still must need enlightenment on latest technological improvements. The bad part is paypal's cruel policies are not still a big concern for most people, it seems. |
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I am not too worried about whether I will enjoy everything I have earned so far or not in the end. Even before Covid, the terror of death was always there when you left the house. Everyone who is alive has a death threat no matter how healthy thye are. As you said, it is only a matter of time.
Yeah, I understand that OP is talking against holding bitcoins but I am not ready to change any of my habit that I have developed in last 5 to 6 years in this crypto space. We need to spend money or bitcoins up to the level of what we need for living (and the level of living cost is not same for all the people and for all the countries) still we must focus on saving for tomorrow even there is no guarantee for our life in tomorrow. Even we left something after our life, that is the best thing we can do rather than leaving nothing to our family. So, I never agree for spending everything; it should in control and should not be in lavish manner. |
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During this pandemic, sudden adjustment was made to adapt from the changes due to covid-19 virus. The usual way of purchasing was limited because the government made policies to refrain people from going outside unless it's essential and emergency. There are only certain age bracket that can go in and out the establishments.
This crisis paved way to transition of traditional to modern mode of payment. We are used to paying with cash (fiat money) and it is usually over the counter. But right now, most customers prefer to transact online using their e-wallets and digital bank accounts.
Based on my experience, it is less of a hassle, since I don't have to worry about contacting the virus because I'm in the comfort of our home. In addition, I can easily tap to pay, and viola! All done. No more long lines and very much convenient. I can save time to do other tasks while waiting for my orders.
Crypto wasn't seen as a way to pay neither, people weren't attaching to crypto during pandemic because they couldn't go outside so they paid with crypto, that wasn't the reason at all. The real reason was the fact that there was too many people with money in their pockets doing nothing and having no income, so they put their money into bitcoin with the hopes that they would make some profit, in the end they did, and when others heard about it they invested too and they did it as well and basically everyone started to put their money in here so that they could make a profit. That is the only reason why people made a profit and that will stay that way as well. I do not think that people invest because they want to change the way they spend money, they are not using crypto debit cards, they are not buying with crypto, they just invest into it and that's it. |
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Next doge maybe in making a huge pump, it will be better to stay updated as well in some personalities tweet like what Elon did in Doge. Even a meme coin create too much hype and make a big increase in its price just because Elon tweeted it, who knows there will be another coin that can make this pump even it’s not a essential coin.
But I'm seeing there are no possibilities for anything like that to happen in near future. Elon Musk and dogecoin combination smut be an unique thing in crypto space which may not occur more frequently like we do people imagine. Because, if some new billionaire will be joining crypto space, I'm not sure they will follow what Elon Musk has done with dogecoins; there are very least possibilities. At the same time, I'm seeing some possibility for Elon Musk to continue what he is already doing with dogecoins or probably he will get into a new coin and may repeat what he had done with dogecoins. Or, he may completely forget about dogecoins as he has lots of other projects to be taking care of. Anything will be possible hence we need to be careful when we are expecting another round of dogecoin rally or another similar scenario of dogecoin to happen. |
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I have joined like 100 of Airdrops in the past 3 - 4 months, that too from the telegram groups which post Legit Airdrops "As they claim", but I have only received tokens from 5 Airdrops only and most of the Airdrop channels have changed names and scamming people.
I was thinking about joining Bounties like we have some of them in here, anyone have any experience with them, is joining them worth the effort it requires, like weeks of work, posts and stuff.
You never know which one will worth something and which one will worth nothing at all. Sometimes you join a bounty and they promise you $100 worth of token, you work hard and do every task available and get that $100 worth token but on third day it becomes 10 cents and everyone sells and it crashes. Sometimes you do barely anything, get 1 token, then you check it and it worths over $100, who knows what could happen. This is why bounty hunters work very hard, and in return sometimes they get a lot of things, sometimes they get nothing. However we need to be honest with each other, as bounty hunters we do not make or break a token, sure it helps but we do not suddenly turn it into something that worths a lot of money, in fact more often than not we crash the price by selling it, so I would understand if they do not want to pay us a lot of money neither. |
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