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Author Topic: I quit trading  (Read 240629 times)
MMA
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December 24, 2016, 06:40:31 PM
 #1041

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.
you should probably invest your bitcoin in to a gambling site and your bankroll is
so big or should bet on sports their are alot of tipsters out there that have a good stats
and lastly why not buy goods with your bitcoin instead of losing your bitcoin

I guess your suggestion is big and very risky for him invest to gambling, since you have a lot of option to choose on how can you regenerate your money like it into business after you get your money into your wallet already.


Gambling is very risky and i also lost my bitcoin in huge amount in gambling and now i forgot the gambling and now i am trying to invest my bitcoin in trading and other online business and i hope i will be make a good profit in the future .
yes there is no doubt about this that gambling is more risky as compare to trading, therefore you need to be careful while playing trading, as you should set a target for yourself even on both side, loosing or winning.

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December 24, 2016, 06:54:15 PM
 #1042

So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)

I have calculated all my trades on the various platforms i have used in the last couple years.

Deposited: 47BTC (roughly)

Withdrew: 40BTC (roughly)

Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.

Now the question is: what the fuck do i do now with my money.
you should probably invest your bitcoin in to a gambling site and your bankroll is
so big or should bet on sports their are alot of tipsters out there that have a good stats
and lastly why not buy goods with your bitcoin instead of losing your bitcoin

I guess your suggestion is big and very risky for him invest to gambling, since you have a lot of option to choose on how can you regenerate your money like it into business after you get your money into your wallet already.


Gambling is very risky and i also lost my bitcoin in huge amount in gambling and now i forgot the gambling and now i am trying to invest my bitcoin in trading and other online business and i hope i will be make a good profit in the future .
yes there is no doubt about this that gambling is more risky as compare to trading, therefore you need to be careful while playing trading, as you should set a target for yourself even on both side, loosing or winning.

Investing in gambling using the money is acceptable because if you invest it in the right site then it will be

certainly profitable but betting it on a gambling is a different story. As you all know that the house often wins

like 70% chance that the house will win and the other 30% will be the chance that the players will win. Yes the

bigger the amount you bet the bigger your profits will be and if it's not your day your loss will be bigger also.

That's why many people here are saying that gamble only what you can afford to lose.

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December 24, 2016, 07:30:32 PM
 #1043

Taking into account the experience gained, in fact a loss of 7 btc over two years of trading is not so significant if we take into account that you started  this business without prior trading knowledge. It is a shame that you can not continue, because I am sure the good times were just beginning.

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December 24, 2016, 07:48:01 PM
 #1044

Taking into account the experience gained, in fact a loss of 7 btc over two years of trading is not so significant if we take into account that you started  this business without prior trading knowledge. It is a shame that you can not continue, because I am sure the good times were just beginning.
I guess quitting trading does not need to be permanent and taking some break to sharpen their skill must be inevitable for a trader who was continuously facing losses. Instead of struggling with continuous losses, stopping it must be a better idea in my opinion too.

I'm not sure about OP's idea about resuming trading. But I strongly believe any trader will be able to quit trading completely, so he also will join trading soon.
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December 24, 2016, 08:55:05 PM
 #1045

I appreciate the OPs honest post. He was smart enough to call it quits before he lost more. Was he trading altcoins? If so, a good lesson for everyone.

Holding bitcoin is the only "relatively" safe way to grow your investment. Wait for it to go up and sell. Wait for it to go down and buy.  Its a waiting game and those with patience win. 

No fast money in altcoins anymore unless you are on the inside of a scam or pump.

I hope the OP stayed away from alts. Holding bitcoin long term has proven to be extremely profitable.

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December 25, 2016, 07:05:36 AM
 #1046

I would suggest to invest it somewhere. Hire some people and start an online business for something you get in your locality. I did that with my money and it is quiet successful.  Smiley
But usually people here are suggesting to re-start trading after gaining required skills. Because if a trader decided to quit trading due to losses then he must want to recover his losses only from trading. But I like your suggestions. It would be better to get into a complete new business and starting a new life.
should keep trying until we can get the appropriate results. a lot of people who just have a little spirit.
we must have a focus and belief that we can be a trader. it will help any trader to have confidence.

I guess, if you have the same result again and again with failure result, better find another way because your way is not that effective, look for another thing or way where you can excel and earn more, you must not be stagnant on your earning it should be increasing.

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December 25, 2016, 08:02:56 AM
 #1047

I would suggest to invest it somewhere. Hire some people and start an online business for something you get in your locality. I did that with my money and it is quiet successful.  Smiley
But usually people here are suggesting to re-start trading after gaining required skills. Because if a trader decided to quit trading due to losses then he must want to recover his losses only from trading. But I like your suggestions. It would be better to get into a complete new business and starting a new life.
should keep trying until we can get the appropriate results. a lot of people who just have a little spirit.
we must have a focus and belief that we can be a trader. it will help any trader to have confidence.

I guess, if you have the same result again and again with failure result, better find another way because your way is not that effective, look for another thing or way where you can excel and earn more, you must not be stagnant on your earning it should be increasing.

If you always get same bad result again and again then you need to change your strategy or the way how you trade different crypto-currencies either it is bitcoin or altcoins. Never give up, Take your failures as a lesson and basis on making decision in the future. Failure is always part of the game.

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December 25, 2016, 01:49:57 PM
 #1048

Traders =! bitcoin supporters, a lot of traders join the bitcoin community just to make money, not because they believe in bitcoin/blockchain. Of course there are others that believe in bitcoin and also trade, so it would make sense that they would hold their bitcoins. Smiley
I find that line of argument illogical as something must hold some interest for you before you might want to have confidence and willing to identify with it! The traders trying to get some profit from bitcoin, yes are attracted by the potential for profit making and by so doing, are invariably promoting bitcoin by contributing to its market capitalization, volumes of trade and patronage of companies doing businesses with bitcoin. What is more?

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December 25, 2016, 11:23:46 PM
 #1049

asking someone to tell u how to use your own money...... it might not end up with what you want to do with the money, for now maybe you have nothing really tangible to do with it, start up a business to get more or keep it safe for future purposes, it might be needful tomorrow more than today....

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December 25, 2016, 11:29:52 PM
 #1050

asking someone to tell u how to use your own money...... it might not end up with what you want to do with the money, for now maybe you have nothing really tangible to do with it, start up a business to get more or keep it safe for future purposes, it might be needful tomorrow more than today....

Hahhaha, this is indeed very funny indeed if no one is willing to help him to find the money in it. Because I am sure all those who are now able to earn an income are those who used to be just like him. But now they do not want to divide it.?? , is this something a good thing ..?? . The business is indeed a much better thing than have to aspire to become a company employee and my respect to those who want to start a business during the sinking, because it would give them far greater experience than those who start a business when it already has all of the



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December 25, 2016, 11:36:23 PM
 #1051

Traders =! bitcoin supporters, a lot of traders join the bitcoin community just to make money, not because they believe in bitcoin/blockchain. Of course there are others that believe in bitcoin and also trade, so it would make sense that they would hold their bitcoins. Smiley
I find that line of argument illogical as something must hold some interest for you before you might want to have confidence and willing to identify with it! The traders trying to get some profit from bitcoin, yes are attracted by the potential for profit making and by so doing, are invariably promoting bitcoin by contributing to its market capitalization, volumes of trade and patronage of companies doing businesses with bitcoin. What is more?
Well honestly trading is giving more chance to get more profit and if you can stay in legit coins you can be still far in losing a large amount in bitcoin..instead it can gives your more opportunity to get earn unlike in gambling casino.

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December 26, 2016, 02:58:26 AM
 #1052

Traders =! bitcoin supporters, a lot of traders join the bitcoin community just to make money, not because they believe in bitcoin/blockchain. Of course there are others that believe in bitcoin and also trade, so it would make sense that they would hold their bitcoins. Smiley
I find that line of argument illogical as something must hold some interest for you before you might want to have confidence and willing to identify with it! The traders trying to get some profit from bitcoin, yes are attracted by the potential for profit making and by so doing, are invariably promoting bitcoin by contributing to its market capitalization, volumes of trade and patronage of companies doing businesses with bitcoin. What is more?
Well honestly trading is giving more chance to get more profit and if you can stay in legit coins you can be still far in losing a large amount in bitcoin..instead it can gives your more opportunity to get earn unlike in gambling casino.
If I were to choose between the two, I would certainly choose trading over gambling, I have many years in gambling and it does not bring me great profit, in fact with the way I treat it now, I just do it for fun and that is a statement that I cannot win in gambling so I totally accepted it.

With trading, though the income is totally base on how much your capital but if you are extremely good, it would be easy to double your money.

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December 26, 2016, 04:04:09 AM
 #1053

I would suggest to invest it somewhere. Hire some people and start an online business for something you get in your locality. I did that with my money and it is quiet successful.  Smiley
But usually people here are suggesting to re-start trading after gaining required skills. Because if a trader decided to quit trading due to losses then he must want to recover his losses only from trading. But I like your suggestions. It would be better to get into a complete new business and starting a new life.
should keep trying until we can get the appropriate results. a lot of people who just have a little spirit.
we must have a focus and belief that we can be a trader. it will help any trader to have confidence.

I guess, if you have the same result again and again with failure result, better find another way because your way is not that effective, look for another thing or way where you can excel and earn more, you must not be stagnant on your earning it should be increasing.

If you always get same bad result again and again then you need to change your strategy or the way how you trade different crypto-currencies either it is bitcoin or altcoins. Never give up, Take your failures as a lesson and basis on making decision in the future. Failure is always part of the game.

I have been trading and investing for some years in stock market as well as in Cryptos. I  just got to say that I made more money by investing rather than trading. Trading, at the end of the day has only helped me in burning my money.

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December 26, 2016, 05:03:30 AM
 #1054

i think its good time to hold your bitcoin because bitcoin increasing its price more and more and a lot of people getting and making a big profit who hold their bitcoin so it really good time to more hold your bitcoin and get a big profit in the future .
crossing 900 USD is really a remarkable increase, i was predicted that the price of bitcoin will cross 1000 USD, at the end of 2016. Now look like my prediction is going correct. i think still the price of bitcoin has a good potential to increase.
When seeing your predictions come true, those who had quit bitcoin trading in between times must be regretting for their action. But, I have seen many traders who had quit trading but actively holding some bitcoin for their future use so those had quit also might be saving some bitcoin. This is indirectly showing the attractiveness of bitcoin.

Only Few people holding bitcoin, many people out there are still trading bitcoins even for low profits. That how trading will be, most of the expert traders won't look for future, they look for their daily profits.

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December 26, 2016, 08:51:29 AM
 #1055

i think its good time to hold your bitcoin because bitcoin increasing its price more and more and a lot of people getting and making a big profit who hold their bitcoin so it really good time to more hold your bitcoin and get a big profit in the future .
crossing 900 USD is really a remarkable increase, i was predicted that the price of bitcoin will cross 1000 USD, at the end of 2016. Now look like my prediction is going correct. i think still the price of bitcoin has a good potential to increase.
When seeing your predictions come true, those who had quit bitcoin trading in between times must be regretting for their action. But, I have seen many traders who had quit trading but actively holding some bitcoin for their future use so those had quit also might be saving some bitcoin. This is indirectly showing the attractiveness of bitcoin.

Only Few people holding bitcoin, many people out there are still trading bitcoins even for low profits. That how trading will be, most of the expert traders won't look for future, they look for their daily profits.

Yes those traders who is making trading of alt coins as main source of their living they are looking and prefer to gain profits on a daily basis. And for those people who are not good enough in trading they can just simply try to hold for a long time so there is no way to quit in trading as holding does, you are still trading but you are just totally do nothing.



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December 31, 2016, 07:04:04 AM
 #1056

i think its not a right time to quit trade you can hold or save your bitcoin for few months wait for bitcoin high price and i am sure that bitcoin will be more increase its price in coming few months and surely your bitcoin will be more grow up its price.

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December 31, 2016, 03:39:39 PM
 #1057

i think its not a right time to quit trade you can hold or save your bitcoin for few months wait for bitcoin high price and i am sure that bitcoin will be more increase its price in coming few months and surely your bitcoin will be more grow up its price.
I agree.. as we can see the value of bitcoins is really high as of this time and we already predicted it 3 months ago and we're also expecting it to even get higher in 2017 so just keep your patience and you'll earn more in the future using your bitcoins.


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January 02, 2017, 09:53:34 AM
 #1058

i think its not a right time to quit trade you can hold or save your bitcoin for few months wait for bitcoin high price and i am sure that bitcoin will be more increase its price in coming few months and surely your bitcoin will be more grow up its price.
I agree.. as we can see the value of bitcoins is really high as of this time and we already predicted it 3 months ago and we're also expecting it to even get higher in 2017 so just keep your patience and you'll earn more in the future using your bitcoins.


Yep. but nahh bitcoin price now I think it will go down, The bitcoin price now is in the pick so as expected it will go down and rise again so I think It will be good to hold it for now and trade it later or cash out because I think the price will go down next month.


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Ewinsane
Hero Member
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Activity: 644



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January 03, 2017, 09:20:20 PM
 #1059

i think bitcoin are going to increase its price too much faster sooner and people are going to buy bitcoin in huge amount for the future so i recommend that do not quite trading its good time to trade and maximum people are going to trade .

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AUDREY23
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January 04, 2017, 01:28:50 AM
 #1060

i think bitcoin are going to increase its price too much faster sooner and people are going to buy bitcoin in huge amount for the future so i recommend that do not quite trading its good time to trade and maximum people are going to trade .


Why do you get out of trading is not trading is very advantageous for those who are already proficient, or you've incorrectly analyze so that you lose?

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