many times while trading we let our goals down and get greedy or fearsome. the problem are the reason behind, mostly psychological reasons.
two scenarios
a. price went +20% up, we dont sell.
reasons
we dont need the money now
we anticipate more gains (greed, market sentiment)
we see others with more gains (greed, jealousy)
we dream of million (greed, new life vision)
b. price went -25% down, we sell.
reasons
we need the money now
we are fearing it will crash more (fear, market sentiment)
we doubt our initial decision to buy (judgement by single point of time)
we see others leaving the investment (fear, mass psychology, group)
we see other investment that are not -25% (fear)
thats why many books advice to trade in smaller steps. dont go with a gut feeling, set a goal and stick to it.
the biggest impacts to our psychology? maybe the media, the news, the rumors.
we read something and anticipate that it will move 'others' and so we act on our own.
we do it, but we have no idea what it should mean. what should a musk tweet mean to a price? 3%? 10%? what should india banning crypto mean?
This really reflects most of us . Sometimes we are not grateful for the benefits that already exist. It's the turn of the price to go down and even sell the coins for fear of falling deeper. very funny indeed.but this is the reality in the market..even sometimes i also do this. Indeed. It really do reflect most of us, especially being greedy or being not contented of the profit you gain. Some reasons for bad trading is because of they don't have the proper knowledge. They want to start already to the top even they are new or didn't know a lot. Some of those are newbies, not just newbies but I think some of us, we tend to panic on selling our coins when we see prices started to fall. It was really funny that we let our emotions control us especially when we're really in need but that's the reality in the market. I suggest to just have patience and always search for you to be updated always. |
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It is very difficult to always profit in crypto trading. Maybe if luck is on your side, it could happen but when bullish bitcoin, where all the altcoins pump up following bitcoin, but when the market bears, it seems like a difficult thing to always make a profit, it may happen to traders who are already experts. But it's also not always.
Only experience can help a trader become an expert. But regarding crypto trading signals, it depends on yourself, it usually requires money in the wallet.
Not even experts can give accurate signal to newbies. Better to learn the hard way as you can always adjust with how the market is running and how you see the next position you'll going to take. With knowledge that you acquire from the market, it's instinct inside you that will guide you where to place your investment with better confidence that with good patience you'll earned good compensations. Indeed. No one can be sure of anything even an expert, otherwise, everyone would've become rich. Usually, if you are getting the best of the best, it's great to check out the background of the coin. Like who are the team and what are the applications that the coin does for the world. It's better that you have learned the hard way so that you can always adjust with how the market is running and for you to see position you'll going to take. It would be hard to depend on somebody, so give your best for you to learn and have the knowledge to earned good profit. Patience is also needed and confidence on the things you choose to do and wait for the signal to avoid losing money. |
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Biggest mistake i seen investor do.
Nobody ever wants to buy when the price is low because they don’t know the bottom
Then the price goes up and they want to buy high because they don’t know the top.
Indeed. I also observe that to some of investors. They never buy when price is low but they buy when price is high or started to increase. I understand that they have their own techniques and strategies but they might lose huge amount of money if they continue on doing that things. Some of them also lose money due to lack of knowledge and experiences, many make mistakes that leads to losses. |
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- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)
Indeed. All you've mentioned above was great and very true. Trade only on the things you only know and understand. If you don't know more about the other coins then don't forced yourself to trade and don't be greedy just to earn money. Learn to set aside funds. When you want to trade or invest, only use your prepared money. Anyone who trades when they have excess emotions they will not be able to succeed from trading because it doesn't usually use good analysis. When you start on trading it should be avoided and you must also learn to control your emotions especially market prices always changes. |
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As per the current market situation, many good coins are falling due to dot, cake and many other reasons. I would suggest buy cake, sol, and such coins for at least 5k amount, and soon those coins will return high profit margin
if you see coins falling then that's the best opportunity to buy more and keep it because the top altcoins are highly recommended to buy and hold until the market goes back up because it will make a profit if the market returns positive like cake, bake and sol these are altcoins who already have a big name and have such a high increase rate of a big investment the price will definitely hit their ATH again. Indeed. When you see coin price are cheap then it is the right time to buy and keep it. For me, if you want to invest in a long-term, it's better to put a higher percentage capital with bitcoin and Ethereum. These coins goes higher when those two main coins pump up. Also, there is like a grace period when a dump happens. Alts tend to drop instantly while BTC and ETH do it slower. If your going to invest in BTC and ETH before any other coins, then it means your in the right hands. It's a saver for everyone's portfolio when most alts are down. |
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My worst mistake was when I participated in buying the meme tokens that people fomo. I rack realized I was trapped. I bought one of the meme tokens when the garga was at its peak. Then a severe dump. And I lost, some of my money. From that frustration I learned little by little in terms of trading. I learned from the fundamentals and technicals of the coin. And now it has started to improve a little in terms of trading. Now I am very careful. I take care of my emotions and greed in trading.
Though similar to that. Your experiences was truly worst. But, in my experience, my worst mistake was not buying profitable coins when prices are cheap, instead I buy coins when prices starting to increase and it was so risky. That time I don't think the possible result of the things that I did. Sometimes I sell my coins early because I need the profit. There are lots of worst mistakes I made in the past but I will try to learn on my mistakes and take it easy. I am now being careful especially to my emotions and I learn also that in every trading you must have techniques and strategies to earn. |
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Just as it is necessary to have knowledge about trading, it is also necessary to have a discipline. A trader cannot make a profit only if he has knowledge of the market unless he closes that trade at the right time. If the trader does not have discipline and the power to control himself, then that trader will not be able to stay in the market for long.
I have seen for myself that even though many trades were in my profit, I did not close them due to greed and later that trade had to close at a loss. So a good strategy with trading knowledge is very important for a trader so that he can retain profit.
Indeed. Knowledge and discipline in trading is very important. Considering the fact that trading is highly profitable and responds majority to knowledge, skills and discipline, this means it needs full attention and concentration consistently. I have noticed some of the traders especially to those upcoming traders, that means they are newbies that carried away easily with little profit or loss especially when there is changes of price. Becoming a good trader is like your on the school, you do necessary things consistently without any distraction until you succeed. Once you started trading, it needs the guidance of an expert, so seeking mentorship from a companion is my best advice. |
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Start with a capital, you should first have a capital even if it is just small in order to have some experience in the market and test things and probably explore the market. That's the way I learned how to trade, I first explore the market and after that learning different technical analysis and apply it.
Indeed. Knowing your capital first is very important in trading. Trade only with your prepared money and always set aside funds. Start with a small capital in order for you to have some experiences in the market and for you to test things and gain knowledge. Starting with a small capital will help you explore the market and learn something about it. Make sure you have techniques and strategies before you start on trading, you will surely earn a good profit but risk is always been there, so much better to be careful to avoid losing your fund. |
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Please explain, why shiba inu not come 1$ ? Total supply?
do you really believe that this will climb 1 dollar knowing the max supply? and seeing the movement of the value will this be climbing to 1 dollar? https://coinmarketcap.com/currencies/shiba-inu/having 5 zeros in this price now? i am afraid this will ever reach 1$ in the sooner time , maybe for another 5-10 years then it can be certain to climb that high. Shiba inu will never reach 1$ it is because shiba inu is a meme coin that has a very large suppy and the demand and supply is not enough in all markets that's why it can't break 1$ in a correction period like now because it is just depend on the shiba enthusiasts themselves. Shiba inu got too many supply and it is the problem that investors sees on it. Supply is a major factor that based in which decide the price of the coins. |
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In my personal opinion, if I am a beginner, I will not use margins trading at first to start my trading journey.
I will prefer to learn about trading at first in spot trading.
This is safer (although it will also require the risks, I think that the risks are not as high margin and other trading types).
Margin will also you get the leverages, it may double your money but also will also decrease your money very soon if you take the wrong decision of short or long in certain rate and also coins.
However, if you really want to try margin trading, I will suggest you use small margin and small leverage at first in order to secure your funds. Although it will not give big profits, at least, you can learn by doing at first how margin trading is working on and you can have a better and better experience by it.
Yes, Indeed. It is not good for begginers since it is very risky. But, if you will love to take risk and want to try margin trading, then it's your choice. If I were a begginer, I will choose to learn it step by step than doing risky things. Margin trading has lot of opportunities maybe but it was just good for pro users. Margin trading could bring more substantial profits, diversifying your positions, access to more funds, and allows you to learn trading strategies. If you try margin trading, I suggest that start in a small margin in order to secure your funds. Just use your prepared money. Although it will not give you big profit but at least you will learn from it through those experiences. |
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I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
My advice is that you try to understand your past failures. because with failure you can learn from those mistakes. besides that, maybe you can try to choose other coins that have more potential. so I think you understand the learning just then you return to trading. good luck Indeed. In trading there is always risk and you need to know what strategies and techniques to manage your risk. My advice is that you need to have the knowledge first before trading. Trade only with your prepared money for you to not regret something. It is very important that you understand also your past failures because you learn from those mistakes and can give you inspiration. Buy low, sell high and don't be greedy, don't panic and be patient. |
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Holding is indeed far more profitable than trading because the level of risk is much lower, but trading promises much greater profits even though the risk is also large.
I think both are the same, if you want to hold a low level of risk and the possibility of getting a profit is also low. but if you choose to trade with a high level of risk, the chances of getting a profit are also high, it's very worth it in my opinion.
Indeed. Holding is the best way when you have a coins that is good for long term. Holding is more profitable than daytrading since the level of risk is much lower. Day trading and HODLing are some of the common ways most people use. They are not the same. Daytrading requires a substantial amount of your time because you have to be very aware of news and happenings in the crypto space, and also price changes and that was very struggle. If you decide to hold, choose a coin that your comfortable with its functionality and the technology behind it. You can invest your prepared money without much regret if you lose it. Daytrading gives you high risk since it is daily basis while holding gives you less risk since you can evaluate and manage your risk to earn big amount of profit. |
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The development of ethreum is no doubt and the price increase continues to increase and will certainly reach a new ATH for this month, and it is very noticeable after the London Hard Fork happens the price continues to grow and the increase in the price of bitcoin is also a big boost to the development of ethreum and other altcoins at the moment, and we hope all transaction costs will not increase again because this will be our problem when making transactions using ethreum.
Indeed. It seems that the problem of Ethereum network has been overcome by developers. This is an indication that the crypto market has started to improve and develop, and Ethereum has proven it's class as the best investment after BTC and it happens because of the London Hard Fork recently. With the support of London Hard Fork, Ethereum will continue to improve. It's really nice to see these very popular coins pumping. I hope most of us recovered from our previous losses. |
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Assuming you don't view it in a serious way to keep away from misfortunes, you don't have a thought when it comes exchanging your cash. For me much better to stop since you won't become effective coming and you're simply squandering cash. So it involves timing and not getting that additional benefit from a green market. Information helps yet less if the above is important for your container of computerized resources.
Though similar to that. But, some of those newbies experiences losing a huge amount of money in trading is because they put a huge money without any experiences at all. They put a huge amount of money even though they don't have a knowledge about it and they take risk just to earn even the market prices are red. If I were a newbie and don't have knowledge about it, it is much better to stop than continue losing huge amount of money. Some of those newbies experience lose money is because of their emotions, once market prices starting to decrease they will panic to sell their coins just to earn. |
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This is because several months the crypto currency market has experienced a major outbreak. And start falling btc and expect coins too. As a trader, I feel tension and fear when the market slowly drops due to the garbage market ... What about you who are afraid when the market goes down.
I think that it is unpleasant for all people when the market goes against them. Nevertheless, investors are nor so caring about bear markets as we consider them to be good time to increase our position in crypto. For example on this drawdown I bought more Bitcoin, BNB, matic, cakes, Etheum so I am quite satisfied with my purchase and I believe that this opportune decision will yield a profit to me. Indeed. When market is against to those traders or investors who wants to earn money they feel disappointed as what we feel when we know that market prices experiences downfall. But right now there is no need to be afraid of or panic since market prices started to rise or increased and that was traders and investors want. Don't be afraid of the market prices and don't lose hope since market prices is not stable, there is the time it experience downfall and it experiences increasing of prices which is good. I am not afraid, because I take advantage of the current market situation to earn profit. |
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Sometimes, it's best to sell them at an early stage, due to the hype they create when they first launch. I had two different tokens, which had some kind of value when they first launched, I decided to hold for a while, but then I forgot about them, their value was zeroed.
For most of the altcoins and tokens, I agree that taking profits as early as possible must be a good thing. IF we go for waiting then we will lose value and I have few coins and tokens which finally got delisted from exchanges hence now I am unable to encash them. So, taking profits time to time in this crypto space is more important. Some people do argue like the December 2017 must be a right time to take profits for all bitcoin holders so that they could buy back by December 2018. In some sense, they are all right but being a long term holders, I never plan for long term/short term trading of my bitcoins. Indeed. Selling it early will possibly give you profit. You might earn profit by selling it early but you can gain a small percentage on it. You need to have strategies and techniques on doing this especially market prices is not stable. Sometimes, it experiences downfall and sometimes market prices will boost and increase. If you want to wait until prices goes higher then make sure that the coins you are holding is worth the wait. Because sometimes other coins and tokens lose value and finally got delisted. If your not sure that those coins is good for long-term then selling it time to time in crypto space is very important. |
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I just put money into investments that I can afford to lose. Investment based on emotions can affect investment. To produce worthwhile gains you will need patience and the correct information. Knowledge about the coin in which you invest can result in larger gain. By varying your Portfolio and investing in a variety of cryptocurrencies you can mitigate the risk associated.
That's why we shouldn't invest on things we are not sure about things we don't know and there are so many hypes around so we shouldn't let ourselves to get FOMO by unverified information we can find over the net. That's why we need to research about such things on our investment so that we can grow our portfolio and to avoid losing so huge on single mistake. Yes, Indeed. We must avoid investing on the coins that we are not sure about it. Especially, if we don't know the all abouts of the coins. When you invest, you must need to have the knowledge about the coins you invested. Set aside funds and only use your prepared money on investing. Try to research things out especially on how to handle coins so that we can grow our portfolio and avoid losing a huge amount of profit and for you to avoid making mistakes. Having strategies and techniques before investing is very important to earn profit especially if you hold a coins that is good for long-term investment. |
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According to my experience in trading for the past few years, sometimes it also does not guarantee a person will be successful in trading,
it takes a long time, when a trader is losing money, even he knows he has to recover his capital in order to return and it takes time, even
to take profit after that, the crypto market is very unpredictable. Especially for those who are new to trading. Be Patience.
That's key there, patience and never to assume that high when you are still newbie, there are lots of flows to understand and with your willingness to work on with your knowledge, there's a good chance to earned from this market and lessen also the chance of losing your investment. Indeed. Having patience and knowledge is very important for those newbies to gain a huge amount of profit. Newbies lose huge amount of profit it is because after learning the basic in cryptocurrency, they think they know it all. Newbies must need to have a research skills to be updated on the things happened in cryptocurrency world and must have a lot of knowledge about it. Newbies experiences lose of profit but those experiences help them learn and have a high intentions in trading. Nothing is impossible, if we keep on trying and do our best, we will gain profit and learn from our mistakes. |
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Holding need big patience,In fact, we can increase the original amount of currency held in other ways, and at the same time, we can earn some spreads without waiting for the currency to rise. Always trending coin can give you more profit than just holding coin.
Indeed. It is hard to hold when you have nothing else but the BTC you have or the coins your holding and if there isn't anywhere you could get money for your everyday needs, you will be forced to sell it in a low price instead. Holding is really need to have big patience. A lot of people want to hold but still they've been forced to sell it because of their daily needs. But, some of them are thankful since they've learned a lesson which they can make as an inspiration to their next hold of coins to gain more profit. |
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Personally, I could say it was not the RIGHt TIME to invest. Just look around, almost all coins do the pump and this might be possible that it won't stay like this for long and dumps it inevitable and the thing that we can't predict. Buying this time is a huge risk, waiting for the hypes to calm down will be the best option rather than taking the risk at this hypes situation. Yeah maybe you can flip one or two coin and make firrune here and there or if you have some trading experience I will suggest you dig into that and find what works better for you but My suggestion will be wait a little bit before you go invest in coins right now..small pull backs are healthy
That gonna be a smart thing to do and we should wisely spend our money as the market volatility makes a lot of surprises. It is the right time to invest since market prices are started to rise. Indeed, we should spend our money wisely since market vitality makes a lot of surprises. It is the good time to invest because as we can see, the dumping of prices is already stop and prices right now is now increasing. Buying right now is a high risk because you might lose a huge amount of profit if you will do that this time but mistakes will help you, it will make you as an inspiration to compensate in the future. |
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