The beautiful thing about the markets is you can trade with tiny amounts. So as Newbie make sure to trade with amounts which you can afford to lose and expect to lose and not always win. Gain experience and next you can trade with bigger amounts.
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because i have to make it with the bitcoin hold you really need to sell it and I'm going down the price of bitcoin you also need it again to make it big, just like trading it will make you really sure you should have a bitcoin hold so you make a big deal, because I have to make it sooner and the bitcoin increase is less than you would expect the oppurtunity that the next day will increase its price and double the return on your investment.
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If you’ve ever made a bad business decision that has resulted in failure, congrats! Failure is a good thing. Don’t let your ego tell you differently.If you invested time and money into something that didn’t work, look at what you learned from the process. Use that knowledge as fuel to propel you forward. I always say that the more you learn, the more you earn.
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I think it's very hard to trade with out losses,just like gamble you can't really predict the outcome although in trading we look for patterns and coins price movement,we can do background and profile research on a particular coin with this we have some basis to rely on for our selection of coins but it's still not enough to foresee that you'll always on the win side.Probably we can only minimize losses by trading on small amounts but with out losses i really doubt it.
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Most of people take initiative with low investment to avoid risk, one may earn money with low investment to select appropriate field but I think those people only who disappointed in trading because they cannot esrn bitcoin because they dont have enough knowledge.
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There are quite number of cryptocurrency investors out there who buy cheap altcoins and just hold and open a sell position with a good amount of gain. They have patience to wait and just never mind what is happening in the market because they believe that one of these days, some sharks will do a big pump or there will be some high demand in the market.
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This is just an beginning of an new revolution that bitcoin has started and it has lot to offer in near future and the price of bitcoins will go very high in long run so its good to save bitcoins for future and sell it only if there is any emergency situation for you and buying now will depend on individual as not all will be in position to buy at the current price.
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Without any doubt I haven't any intention to quit my real job, even if I still earning good income online from trading and working with Bitcoin and altcoins. Real job is also needed not only for money but also to meet people and enjoying the life.
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patience are not everything , if you think with only being patient you could reach the target of having profit through trading then you guys are wrong. everyone seems to be misleading to understand about the meaning of 'patience' in this matter , the real important role in trading are having a good skill to read the market situation wheter it's time to buy or sell due some big news that could affected the market? after that then you can go talking about patience to hold it a little longer or stop it to cut the loss.
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Whether bitcoin has a good future or not, but all that who have trusted in it and invested into it has benefited in large scale. Based in this reality I assure that bitcoin provides the users the goodness upon the way they make use of it. Just go through the growth chart, can understand in better way about the reality.
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At first, i bought altcoins which were in high price expecting price to rise more, but sold in panic when the price started to fall.Thus lost lots of my investment. Always buy when price is getting reduced and sell when price is increasing.Dont be much greed and set goals of getting 5 %, 10 % or 15% profit. Better invest in altcoins which is in the market for atleast 2 years. If you have to invest in a newly released coin, read its ANN thread thoroughly and do clear research about it.
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It is a really very difficult task to choosing a currency for investment purposes . It requires hard work and study. There are many coins, where investments can be more risky and more likely to lose money. So if you want to invest in ICO projects, then you would expect to read ico white paper and find out what the projects actually stand
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when the price are falling, i need to make a good analization about it. Most of the time i just keep and hold it until the price goes up and back again but sometimes i need to sell it and forget the losses and trade again to gain in other coins.
But, it's your own choice beside that is your investment, you can do whatever you want.
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To make money is step one and isn't too difficult. Not to loose then the most of what you made is the next, more difficult task. Try to learn the understand the market sentiment in crypto. In my opinion and based on my experience this is the key. When you start understand the sentiment, you will stop buying the tops and selling the bottoms. Or at least it won't happen to you too often.
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You need to overcome your fear losing money because it will help you to think or decide what you gonna do next to keep your money safe. It's hurt losing money especially if you earned it by your hard work and dedication. It is the same of losing your love ones I hope it will not happen to me because I know the feeling of losing money. I felt horrible on that time, I don't know what I am going to do but the life must go on and it is just a money. You can earn it again.
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In trading, my strategy is buy low currency and keept it until the selling price become high or i just set my selling currency in a particular value knowing that i'm sure i gain a great profit. And to avoid lossing and for assurance after selling my currency i cash it out and deposit into another wallet that i am sure it will not be loss.
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If you cant accept your loss means that you have just lost too much money than what you cant afford to lose. This is the very first mistake, you should not start trading/gambling with all what you have. You should set your limit, this will help you to manage your mentality once you face a loss. If someone doing bad or getting in a bad situation because getting lost in trading then he/she must not have his limit.
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I really belive in the saying that "patience is a virtue" But when the time comes that the value of coins decrease drastically most of us specially newbies sell their coins. They are afraid of losing profit without thinking that holding will give them high profits. By the way, Im one of that newbies that do that before, but not im having more patience and holding coins believing I will earn more in the future. But still there is always a risk in doing that.
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