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Author Topic: I quit trading  (Read 230036 times)
mirakal
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January 20, 2017, 01:52:29 AM
 #1121

I'd just keep the BTC though..
Price is still going up!

yes just trust your self on trading and thanks to you for updating me that price pumping right now. Trading is a matter of fact that you controlled your own money by your prediction or instinct that how you will keep flow of money that you holding on your hand that can make a cause of positive and negative result, like this bitcoin just buy low and sell it high when the days come.
to quit trading is not the right solution, i think if you want to become a good trader you need to have strong decision power and only then you can make a good profit in trading. therefor you need to change your strategy and not to quit gambling.
The op dedicated 2 full years to trading and he did not make any profit out of it he could have been better just holding his coins, so there are times where the right thing to do is to give up and move on.
What exactly he is doing is he is day trading and that needs great skills to succeed but his skills is not enough to give him profit so he gave up. You are right, it's better to hold bitcoins if you are not good in day trading, for sure the price will increase as what we are all speculating.

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January 20, 2017, 06:47:51 AM
 #1122

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .
Do you think mining will be ore profitable than trading ? Instead of trying new businesses, why not take time to sharpen trading skills to start trading again ?

I agree trading is highly sensitive business for your skill set, at the same time if we expertise those skills then trading will be highly profitable business in short term dedicating hard work itself. I quit trading 2 years back , but now I am depending on it as a main source of income.


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markyminer
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January 20, 2017, 03:21:03 PM
 #1123

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .
yes investing bitcoin in such places where you have no experience and interest is really too much risky. i think one should invest their money in such place where you have some experience and interest. as i am interested in trading and therefore i have got good experience in trading and i am also making good money in trading.


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January 20, 2017, 03:43:08 PM
 #1124

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .
But I think if a person is not that much better in trading then he will not be able to start a business or any other work which will be more tricky in than trade. As according to my views if a person spend that much time in trade then he do not leave but earn a good income.

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jacaf01
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January 20, 2017, 03:54:39 PM
 #1125

I'd just keep the BTC though..
Price is still going up!

yes just trust your self on trading and thanks to you for updating me that price pumping right now. Trading is a matter of fact that you controlled your own money by your prediction or instinct that how you will keep flow of money that you holding on your hand that can make a cause of positive and negative result, like this bitcoin just buy low and sell it high when the days come.
to quit trading is not the right solution, i think if you want to become a good trader you need to have strong decision power and only then you can make a good profit in trading. therefor you need to change your strategy and not to quit gambling.
The op dedicated 2 full years to trading and he did not make any profit out of it he could have been better just holding his coins, so there are times where the right thing to do is to give up and move on.

I totally agree with you at times the best thing to do is to quit, trading requires a high level of discipline to succeed in it on the long run, and what most people don't understand is that when you make a profit, someone out there is losing money. I tried trading myself and I realise it is not meant for me and I decided to drop it.


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January 20, 2017, 04:02:46 PM
 #1126

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
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January 20, 2017, 06:07:41 PM
 #1127

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes, I think it is easy to understand explanations. You just need to be smart in making decisions. you buy at a low price and sell them at high prices. only people who are always in a hurry to lose in this case. you may be able to stop, but other people who always feel the benefit, will not stop at this time.

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January 20, 2017, 06:18:24 PM
 #1128

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point

Your post just screams in agony (emphasis added)

Did you ever think about whom both of you are going to sell, who the profit you are talking about comes from? Do you understand that you profit from the buyer who will be left holding the proverbial bag when the price goes down below his entry point? Bitcoin trading is essentially a zero sum game, so there will always be someone who loses money at the end of the day. It is the same with any purely financial asset out there which has no direct use, i.e. which you can only buy or sell but can't consume

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January 20, 2017, 06:20:24 PM
 #1129

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes, I think it is easy to understand explanations. You just need to be smart in making decisions. you buy at a low price and sell them at high prices. only people who are always in a hurry to lose in this case. you may be able to stop, but other people who always feel the benefit, will not stop at this time.

honestly, over the extreme long term i believe that bitcoin is going to steadily gain value.  you can play around and win or lose trading in the moment, but if you can hold a balance somewhere of BTC for another ten years, you just might be a very happy investor
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January 20, 2017, 06:26:48 PM
 #1130

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes, I think it is easy to understand explanations. You just need to be smart in making decisions. you buy at a low price and sell them at high prices. only people who are always in a hurry to lose in this case. you may be able to stop, but other people who always feel the benefit, will not stop at this time.

honestly, over the extreme long term i believe that bitcoin is going to steadily gain value.  you can play around and win or lose trading in the moment, but if you can hold a balance somewhere of BTC for another ten years, you just might be a very happy investor
It is still depends in your own strategy how you can make a good profit even you are not waiting for 10 years you can earn a good amount in early stage.. if you know the margin the movement of the price is increasing and decrease with small margin $10-$25 is a good start of margin to make profit.. and don't sell all just set percentage of total of your bitcoin to sell and the rest sell it if the price will continue to increase that is one of the good strategy if the price goes low you can buy bitcoins again and save your profit..

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January 21, 2017, 07:54:28 AM
 #1131

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes, I think it is easy to understand explanations. You just need to be smart in making decisions. you buy at a low price and sell them at high prices. only people who are always in a hurry to lose in this case. you may be able to stop, but other people who always feel the benefit, will not stop at this time.

honestly, over the extreme long term i believe that bitcoin is going to steadily gain value.  you can play around and win or lose trading in the moment, but if you can hold a balance somewhere of BTC for another ten years, you just might be a very happy investor
yes no doubt that long term investment is a good way of making money, but i think it required a lot of patient and well power and specially if you are going for invest your money for 10 years. the second is that most of the people have limited amount of bitcoins and that is their all assets, so they  like to invest their assets for short term so as to get instant income and use it for fulfilling their needs, i think long  term investment is good for those people who have some extra bitcoin, they he do not feel the need in next 10 years.
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January 21, 2017, 08:00:29 AM
 #1132

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes, I think it is easy to understand explanations. You just need to be smart in making decisions. you buy at a low price and sell them at high prices. only people who are always in a hurry to lose in this case. you may be able to stop, but other people who always feel the benefit, will not stop at this time.

honestly, over the extreme long term i believe that bitcoin is going to steadily gain value.  you can play around and win or lose trading in the moment, but if you can hold a balance somewhere of BTC for another ten years, you just might be a very happy investor
yes no doubt that long term investment is a good way of making money, but i think it required a lot of patient and well power and specially if you are going for invest your money for 10 years. the second is that most of the people have limited amount of bitcoins and that is their all assets, so they  like to invest their assets for short term so as to get instant income and use it for fulfilling their needs, i think long  term investment is good for those people who have some extra bitcoin, they he do not feel the need in next 10 years.

yeah, we create alt coin hedge mutual funds for some of our clients.  the structure and balance of the coins in the funds is very like a stock market hedge fund.  for a stock market hedge foundation i would very safe using stocks like walmart and microsoft as long-term steady yield stocks. bitcoin is definitely like those stocks, almost guaranteed to be worth more ten years out. 

if that is half your investment funds, the other half could against be split between a selection of brand new alt coins and the other half middle of the road coins like litecoin and eth
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January 21, 2017, 03:09:20 PM
 #1133

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .

It is right, we couldn't courage or discourage to anyone, who have decided to left trading. But i realize, if we have patience than trading give us profit, if we do hurry than make money from trading, many time it is not suit for us and in the end we think may be it is better to quit it. Also i suggest him, should take turn, many other ways are here to invest the bitcoin.

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January 22, 2017, 02:50:23 PM
 #1134

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes but i think if you can manage and can wait a little more you will see the price again trading at that level. because people have now again started inerest in bitcoin therefore it the investors increased the demand will also and the chance is that the price of bitcoin will also increase and this time we can expect that the price will cross all time high level.
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January 22, 2017, 03:59:19 PM
 #1135

what most people don't understand is that when you make a profit, someone out there is losing money.

i don't think that is always true.  take you and me as an example.

1. Early 2016 I join the exchange and buy 1 BTC at $250

2. You buy 1 BTC in the November time range at $600, the price is important, may have been more like October

3. Now comes the 1000/900/800/900 week we just saw.

4. I can sell at any of those numbers and make a huge profit, no one got hurt. You can sell at any of them and you profit, no one gets hurt.

Either one of us could have missed the $1000 price and kicked ourselves a day later selling at $800, but we both still made money. Yes, somewhere tow people traded at $1000 or higher to get that price up there, most likely many people, but that does not mean that anyone lost money.  In fact, any time that the price hits a "record high", in that moment every single Bitcoin holder can sell and make a profit.  It would dump the price, but you get my point.
yes but i think if you can manage and can wait a little more you will see the price again trading at that level. because people have now again started inerest in bitcoin therefore it the investors increased the demand will also and the chance is that the price of bitcoin will also increase and this time we can expect that the price will cross all time high level.
You the point but honestly it is not always good to choose sell all always just sell the partial and sell the rest if the price could be still increase more so that you can make more profit everytime the price is increased. It is always depends in you strategy how you  can manage your ways and methods to make more profit..

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January 23, 2017, 01:14:27 PM
 #1136

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .
But I think if a person is not that much better in trading then he will not be able to start a business or any other work which will be more tricky in than trade. As according to my views if a person spend that much time in trade then he do not leave but earn a good income.
If the person does not have much capital and experience to be a trader, opening a business can be a more profitable activity. This will depend on the business, of course, and the conditions present in the market. Starting a business in the cryptocurrency space may be a good idea, especially because it is a field that is still in the early stages of development.

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January 23, 2017, 01:44:38 PM
 #1137

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .
Mining is simply not interesting enough (if you ever turn out to make profit at all) with the difficulty being in a constant upwards movement. And this is not likely going to stop any time soon.

But digging a bit further in your recommendation of investing in legitimate Bitcoin related sites, what do you then specifically refer to? Investing in casino bank rolls? Investing in certain beginning services?

If you purely look at how hodlers have been doing compared to whatever legitimate investment option, then it's safe to assume that hodling easily outclassed everything.

Mainly when you consider that when you do choose to invest in whatever legitimate site or service, the offered rewards are quite poor. That's why they are only worthwhile when investing amounts like +100BTC.

But then again, there are only a very few people with that many coins where they also have to agree to invest it somewhere. It's not all that easy. Even at legitimate sites or services your precious coins are at risk.

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January 23, 2017, 02:15:27 PM
 #1138

If trading is not your passion better you quit trading. I couldn't agree more with your decision. For now i think you can use your remains bitcoin to other business. I prefer you to invest your bitcoin to legitimate site that bitcoin related, mining and multi pool is also very good ways .
That is true, don't ever go in to the situation where you don't see yourself working, if you really think that trading is not good for you then quit, find something where you can be succeed on. Not all people became wealthy by just trading so don't limit yourself. If you don't want to devote your time doing trading then just buy bitcoin and wait for the perfect time to sell as simple as that.
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January 23, 2017, 02:29:43 PM
 #1139

I come to a point where I need to question my staying in trading. I give it a try, but I lost too much. And several times I said no more and after some time I come back and try again.
I'm quitting, but I will not run away when I hear for some good investment coin. When I see some good tip I will try to cut my losses a bit.
Its  really good to  put  up  money when you saw theres a  potential  or opportunity that we could able to earn from it.  Trading  may not  for us  for some   time but  with  the help of others such  as giving   us some  tips we could somehow  follow them and  luckily could able  to make profits. Quiting  is not  a way though   but   if  you learn  how  to  dive  up  opportunities  then  its really a good  move anytime.
In trading, we should know the price movement that happened in last month, last week, last day and today,
so we will easily read the suitable price to us trade it. I suggest to trade Iconomi coin (ICN),
I think, Now, this is the best coin for trade.

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January 23, 2017, 02:51:00 PM
 #1140

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.

That is what you get for trading a zero sum game, you have just basically gambled, while the exchanges got guaranteed commissions out of you.

It's the oldest trick in the book, you took the risk, they took the sure path.


The markets are efficient, you cant make money over longterm by trading, it's essentially gambling. Its a zero sum game. Congrats, you learned the lesson the hard way.

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