Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.


For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

Technology believers believe that bitcoin is the mission of decentralization, the future of the world currency.


BTC just need, relative scarcity and the manufacturing cost, nature has the price, the price is the fluctuation, as long as access to the securitization in the human history of human use of the most profound institutional invention, the currency is likely to generate huge profits.


You have a lot of money and you have followers. With followers there is a crowd. The masses will naturally divide.


With differentiation, there is naturally a blank majority. Naturally, there are evil men who have been swindled. Nature has its center and leadership.


This is the history of bitcoin's journey along the way, which is why the BTC creator went to the center to turn the government against the pursuit of liberalism.


But on a philosophical basis, technologists are wrong.


The beginning of human birth is said to be monkeys. No government, no center. No money, no inflation. Government is not the product of power, but the government itself is the product of liberalism.


Because freedom must be evil, freedom itself creates chaos, and chaos leads to the pursuit of order, thus freedom produces power and bad power transition to good power.


In the world of BTC, new centralization has begun:


Global mining is concentrated in the hands of a few. The maintenance and development of bitcoin is concentrated in the hands of few digital farmers. The influence of virtual currency is concentrated in the hands of a few big v.


They are the new army, the new bureaucracy, the new emperor. Are these people trustworthy?


The emergence of BTC is a technological advance in the history of human currency. It makes up for the deficiency of the existing monetary system and should also promote the reform of the existing monetary system.


Like insurrection, it is either extinguished or assimilated into the long river of history.

Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.

http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/

For people who has no patient, trading will be more like a gambling. When they saw the red market they will be panic and make a cut loss. Patient is about controlling our emotions and it won't be come instanly. Need time and experience to be able to do patient.

Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!

The volatile nature of the crypto coins is something which makes the entire crypto market quite unique from the rest of the markets and that this is the only reason behind this much increase in the number of people getting into it. The present situation of the crypto market is not that much good as it should be and that the market rates of the crypto coins are not that much good but still we can hope for something better.

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys ! 

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

All we can do is not to panic, or spread negative and untruthful news. The situation is not the best on the market, personally I will expect improvement!)

The market will improve again, just a matter of time, because not always crypto coins will go down, but will start to improve and gradually there will be price increases.