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Author Topic: I quit trading  (Read 228455 times)
tabas
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April 14, 2017, 06:23:17 AM
 #1301

there may be time to get out of trading, when the price rose to a high bitcoin. Well, it never hurts to stop trading for a while. but, when you quit for good, I think it will only make you lose, especially when you have an expert in such matters.

You will actually lose, lose a lot of opportunity. Instead of using the time for more profitable things in bitcoin but you chose to quit. Then you surely will lose a lot of things with bitcoin. But if you are not going to quit right now and just take time to relax instead of quitting. It's more better to hear that word.

no problem for me to stop trading, because there are few other jobs are more prospective, if we think over the fact that we live in this world has a certain talent in the field, I have expertise in trade, but there is work that can't be divided by time for trading, I decided to quit while not know when it will come back again.

Well if you have assurance that you can nail a good that fast then that's fine. But why would you waste your expertise in trading and don't expand your knowledge for it. Because if I were, it's going to be a good thing if you are going to have your real job why doing some trades. Don't forget that the market is becoming bigger each day.
He leaves in trading because he can't manage his time to balance his work and trading at the same time. It is good for him to sacrifice one of his source of income because it will be good for him to focus in just one job. If he don't leave trading then he will suffer panicking each day in balancing the right time for work and trading and it might cause for him to experience bad results.

I'm the one regretting that losing his other source of income. Because for me, it's not that bad to focus on a single job but it is not that bad too if you are going to have 2 or more source of income. But if there's a conflict of interest and his time isn't enough for managing all of them, it's his choice. Maybe someday he will comeback again.

Actually I think the decision he made was right. Trading should not be done full time because it is not a stable job. If you can't balance your time

between the two of them it is a wise decision to give up the other one to give way to something that should be prioritized and that is his offline work.

Maybe when he gets a vacation he can use that time to trade again.

I respect his decision for quitting trading with his reasons and I don't want to question it any longer. Because there might be the time that I'm going to be on his shoe and will certainly do the same thing when I'm out of time for doing things that I need to do.



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April 14, 2017, 09:07:17 AM
 #1302

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.

It dropped slightly, but not enough to make current price a good buying moment. Especially if you take into consideration that we are far away from seeing Bitcoin finally scale. In that regard, expect the price to drop more than has been the case already. Only good thing about this situation is that the market is going through some decent ups and downs from time to time. It's indeed a perfect time for traders, but not so much for the average Bitcoiner. Trading the volatility doesn't only require a good level of market understanding, but also steel balls, because in times of volatility, you can't always rely fully on your experience.

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April 14, 2017, 10:39:30 AM
 #1303

there may be time to get out of trading, when the price rose to a high bitcoin. Well, it never hurts to stop trading for a while. but, when you quit for good, I think it will only make you lose, especially when you have an expert in such matters.
Yes of course if we stop trading we'll stop earning those  high profits but all the experts can't simply trade and earn profit as you need timing and sometimes the timing won't be suiting us and  it becomes really stressful to trade. Sometimes money is not the only thing just remember to gain momey most of the time we have to sacrifice something.
To trade and also earn money easily then you need a lot of time to sacrifice in able to get knowledge that you can so the timing will be not a problem for you because you already know what to do next and what are the things to consider in doing your future trades. Money is not a normal thing and we should work hard to get that because if we have money then we can literally get almost we want because in the world, money is like a boss and if you got money then you can be and get respected like a boss.
What you are saying is sad but also true. We are in a world were people have forgotten that there is something called family , something called to enjoy and not just run after money all the time. As a trader of course we obviously know what to do next but the timing is bad. For example i knew that dash is going to increase soon but i was still waiting for perfect results and i finally bought dash at 4 am in night. I did get a really good profit in long run but because of trading i was getting daily headaches and anxiety. I did take a break and felt way better.

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April 14, 2017, 12:52:45 PM
 #1304

None has a strong reason to quit trading. Very few say that mining is not profiting much so they quit. Most of the active traders and following the simple concept of buy low and sell high. This is not possible not all the time, at times based on price movement the profit margin need to be reduced to sustain long in trading.

Very precisely. Only for those who have not understood about trading that would say that a trading is the very thing that harms or just give a small profit. Because of trading essentially is the place for those who can understand and comprehend the margins on trading, if indeed they do not understand and comprehend the margin then it will be difficult. And to be able to understand and grasp the margin then it should be able to analyze each trading
 

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
yes i also think that it will be a right decision. as the price is still trading below 1200 USD therefore it is still good time to trade bitcoin and secure a good position. because the price can go increase at any time.
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April 14, 2017, 01:15:03 PM
 #1305

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
Yes its a good idea to buy now but we can also wait to become $1000 for sure the price will increase fast if the price will dump for that price.  Trading is also needs timing

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April 14, 2017, 02:29:53 PM
 #1306

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
Yes its a good idea to buy now but we can also wait to become $1000 for sure the price will increase fast if the price will dump for that price.  Trading is also needs timing

In trading, we improve our trading with the passing of time. It is right, we need time in trading, when we become skillful and expect to make money from trading. I also agree that we should required time in trading.   


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April 14, 2017, 11:55:00 PM
 #1307

None has a strong reason to quit trading. Very few say that mining is not profiting much so they quit. Most of the active traders and following the simple concept of buy low and sell high. This is not possible not all the time, at times based on price movement the profit margin need to be reduced to sustain long in trading.

Very precisely. Only for those who have not understood about trading that would say that a trading is the very thing that harms or just give a small profit. Because of trading essentially is the place for those who can understand and comprehend the margins on trading, if indeed they do not understand and comprehend the margin then it will be difficult. And to be able to understand and grasp the margin then it should be able to analyze each trading
 

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
yes that is very right to say that it is the best time to invest in bitcoin because the price of bitcoin is trading as low and it is expected that the price of bitcoin will increase more and more.
i also think that it is the best time to invest in bitcoin as the price of bitcoin is expected to increase more and more and therefore it is still a good time to invest your money there.
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April 15, 2017, 07:52:27 AM
 #1308

Chances are very good you will loose Even more if you go in for trading...
Rather than that.... Keeping 40 btc Is still trading because btc price will eventually go higher

Or you can invest for longterm  in major promising Altcoin like Ethereum Dash XMR or Litecoin... etc

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April 15, 2017, 11:03:24 AM
 #1309

None has a strong reason to quit trading. Very few say that mining is not profiting much so they quit. Most of the active traders and following the simple concept of buy low and sell high. This is not possible not all the time, at times based on price movement the profit margin need to be reduced to sustain long in trading.

Very precisely. Only for those who have not understood about trading that would say that a trading is the very thing that harms or just give a small profit. Because of trading essentially is the place for those who can understand and comprehend the margins on trading, if indeed they do not understand and comprehend the margin then it will be difficult. And to be able to understand and grasp the margin then it should be able to analyze each trading
 

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
yes that is very right to say that it is the best time to invest in bitcoin because the price of bitcoin is trading as low and it is expected that the price of bitcoin will increase more and more.
i do not think that the price of bitcoin is trading as low. it is already trading above 1200 USD level. but still the price of bitcoin has good potential to increase more and more and that is the reason that still it is good time to invest in bitcoin. i am hopeful that very soon the price of bitcoin is expected to cross 2000 USD level very soon.

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April 15, 2017, 12:20:25 PM
 #1310

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
Yes its a good idea to buy now but we can also wait to become $1000 for sure the price will increase fast if the price will dump for that price.  Trading is also needs timing
i think it will be a foolish decision to wait for the price of come down, because the price of bitcoin already stay there for a long time and now we can hope that it going to increase. therefore to me i think it is the best opportunity to buy bitcoin right now and then hold it for next few months to get a desirable result.

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April 15, 2017, 12:24:24 PM
 #1311

Now that you have around 56 thousand dollars with you, you can open up your own firm which operates mining of bitcoins. You can set up the fully operational unit to mine more bitcoins for your lifetime. Just imagine! You will have lifetime income and you don't really have to do anything except to spend your money.

Tip of advice, try to install with solar electric grid so that you cut your electricity costs.  Cheesy

And if you wanna just spend the bitcoins and not reinvest them, then you can throw up parties every weekend, join some exclusive clubs and get crazy avenger to drive along beach side.  Smiley

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boyptc
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April 15, 2017, 02:09:12 PM
 #1312

You can only mine when your electricity price is lower than $0.07. Otherwise, it is better to cloud mine.

I don't agree with it, there is nothing better if you are going to say, it's better to do cloud mining. It's better to quit for real and stop because you are just going to be ended up scammed by that website and let's learn from the past incidents of those early cloud mining sites that runaway the funds of their investors.

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April 15, 2017, 04:08:15 PM
 #1313

None has a strong reason to quit trading. Very few say that mining is not profiting much so they quit. Most of the active traders and following the simple concept of buy low and sell high. This is not possible not all the time, at times based on price movement the profit margin need to be reduced to sustain long in trading.

Very precisely. Only for those who have not understood about trading that would say that a trading is the very thing that harms or just give a small profit. Because of trading essentially is the place for those who can understand and comprehend the margins on trading, if indeed they do not understand and comprehend the margin then it will be difficult. And to be able to understand and grasp the margin then it should be able to analyze each trading
 

Right now might be a good time to buy  as the price has dropped some. If you can time your trading correctly, you will be able to increase your s over time.
yes i also think that it will be a right decision. as the price is still trading below 1200 USD therefore it is still good time to trade  and secure a good position. because the price can go increase at any time.
right know investing in it is really a good decision rather than quitting and i hope it will rise its price to an extent at the last of this year or start of next year. trading of bitcoin will really good at that time.


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richardsNY
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April 15, 2017, 07:50:31 PM
 #1314

You can only mine when your electricity price is lower than $0.07. Otherwise, it is better to cloud mine.

I don't agree with it, there is nothing better if you are going to say, it's better to do cloud mining. It's better to quit for real and stop because you are just going to be ended up scammed by that website and let's learn from the past incidents of those early cloud mining sites that runaway the funds of their investors.

Basically every cloud mining site will eventually close its doors, or they will 'legitimately' void your hash contract(s) where you end up with nothing if the service in question sees your contracts as not profitable anymore. I doubt in current times that anyone will ever see 50% of his initial investment back. All odds are against the end user. People who are still willing to "invest" in cloud mining are basically agreeing to something called capital destruction.

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April 15, 2017, 10:51:09 PM
 #1315

None has a strong reason to quit trading. Very few say that mining is not profiting much so they quit. Most of the active traders and following the simple concept of buy low and sell high. This is not possible not all the time, at times based on price movement the profit margin need to be reduced to sustain long in trading.

Very precisely. Only for those who have not understood about trading that would say that a trading is the very thing that harms or just give a small profit. Because of trading essentially is the place for those who can understand and comprehend the margins on trading, if indeed they do not understand and comprehend the margin then it will be difficult. And to be able to understand and grasp the margin then it should be able to analyze each trading
 

Right now might be a good time to buy  as the price has dropped some. If you can time your trading correctly, you will be able to increase your s over time.
yes i also think that it will be a right decision. as the price is still trading below 1200 USD therefore it is still good time to trade  and secure a good position. because the price can go increase at any time.
right know investing in it is really a good decision rather than quitting and i hope it will rise its price to an extent at the last of this year or start of next year. trading of bitcoin will really good at that time.
if you are not getting succeeded  in trading and going to quit trading then you should try to change your trading planing and strategy instead of quieting trading. hope through this way you will start making money from trading.
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April 16, 2017, 02:06:55 PM
 #1316

You can only mine when your electricity price is lower than $0.07. Otherwise, it is better to cloud mine.

I don't agree with it, there is nothing better if you are going to say, it's better to do cloud mining. It's better to quit for real and stop because you are just going to be ended up scammed by that website and let's learn from the past incidents of those early cloud mining sites that runaway the funds of their investors.

Basically every cloud mining site will eventually close its doors, or they will 'legitimately' void your hash contract(s) where you end up with nothing if the service in question sees your contracts as not profitable anymore. I doubt in current times that anyone will ever see 50% of his initial investment back. All odds are against the end user. People who are still willing to "invest" in cloud mining are basically agreeing to something called capital destruction.
That's their last resort if they are seeing that their investors are just collecting hash power and has a very good rate, they will void it for real or they can just simply run away for real and will let the site keep on running without operator and admin to support for the queries and answering the problem of their investors.

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April 16, 2017, 06:18:06 PM
 #1317

Right now might be a good time to buy Bitcoin as the price has dropped some. If you can time your trading correctly, you will be able to increase your Bitcoins over time.
Yes its a good idea to buy now but we can also wait to become $1000 for sure the price will increase fast if the price will dump for that price.  Trading is also needs timing

Unless there is a big bad news, I think the price will be above $1000.
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April 16, 2017, 07:01:14 PM
 #1318

Chances are very good you will loose Even more if you go in for trading...
Rather than that.... Keeping 40 btc Is still trading because btc price will eventually go higher

Or you can invest for longterm  in major promising Altcoin like Ethereum Dash XMR or Litecoin... etc

Well the cryptos that you've mentioned are also following the trading patterns of bitcoin for the most part, and apparently bitcoin is also doing good amidst the drama that is currently on going as to where are we going from here. I suggest that you just keep it as it is since the growth wouldn't stop here; there's a lot of money to be made in bitcoin. But to don't miss out on the opportunities, you can always try to diversify your assets.

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April 16, 2017, 07:14:17 PM
 #1319

Chances are very good you will loose Even more if you go in for trading...
Rather than that.... Keeping 40 btc Is still trading because btc price will eventually go higher

Or you can invest for longterm  in major promising Altcoin like Ethereum Dash XMR or Litecoin... etc

Well the cryptos that you've mentioned are also following the trading patterns of bitcoin for the most part, and apparently bitcoin is also doing good amidst the drama that is currently on going as to where are we going from here. I suggest that you just keep it as it is since the growth wouldn't stop here; there's a lot of money to be made in bitcoin. But to don't miss out on the opportunities, you can always try to diversify your assets.
Generally it's good to put money in several different cryptocurrencies at once so that you know that they're fairly stable and likely to go up.  There's a CRYPTO5 index in the securities section which invests in 5 cryptocurrencies and has had 300% increase in the past year as I recall.

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April 17, 2017, 08:00:46 AM
 #1320

Chances are very good you will loose Even more if you go in for trading...
Rather than that.... Keeping 40 btc Is still trading because btc price will eventually go higher

Or you can invest for longterm  in major promising Altcoin like Ethereum Dash XMR or Litecoin... etc

Well the cryptos that you've mentioned are also following the trading patterns of bitcoin for the most part, and apparently bitcoin is also doing good amidst the drama that is currently on going as to where are we going from here. I suggest that you just keep it as it is since the growth wouldn't stop here; there's a lot of money to be made in bitcoin. But to don't miss out on the opportunities, you can always try to diversify your assets.
Generally it's good to put money in several different cryptocurrencies at once so that you know that they're fairly stable and likely to go up.  There's a CRYPTO5 index in the securities section which invests in 5 cryptocurrencies and has had 300% increase in the past year as I recall.
yes distributing your money in different places is really a good idea, through this way you can get more chances to make to earn money. i myself has distributed my money in different alt cons and i am really getting a good profit from it.

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