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Author Topic: I quit trading  (Read 230474 times)
Battareus
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November 07, 2015, 03:02:12 PM
 #141

Until you lost whole deposit do not give up - only the loss of all a sign of poor outcome. 40 bitcoins you can left in Dice or Poker Cheesy
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1511496675
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knowhow
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November 07, 2015, 07:04:45 PM
 #142

Or he can hold them and wait the price recover or see some low risk investment or even lending with colateral.
OrientA
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November 07, 2015, 08:49:46 PM
 #143

The pump and dump days are gone but they might come back: there are always new people who will get close to this world and they will put new money in here.
And trading will become profitable again: it's so sad it works like this though.

Trading will not be profitable for all the traders as whole as exchanges charge a fee. It is a zero sum game.

Some time we feel we make a profit, that is just because the price of bitcoin rises. But for the people selling short, they will still make a loss.

This is different from stock market, the companies we invest in make profit, so it is a positive sum game.
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November 09, 2015, 07:17:41 AM
 #144

Or he can hold them and wait the price recover or see some low risk investment or even lending with colateral.

well the price surge did happened already, so if he was waiting for that he must have missed it, buying at any 230-280 price, and dumping at 450-500, would have been the best trading
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November 09, 2015, 09:31:59 AM
 #145

i quit too after 2 years but i never invested anything
and i made as much or more (same amount usd roughly)

i had to find 2 pennies to make 3 and so on..
try doing that.. what i did was hard.

taking 47 BTC to start with and walking away with a 7 BTC loss is not good.

i walked in with nothing and walked out with the same amount  Cool

i took me forever to get 1 LTC

i guarantee i learned more than he did LOL

FUD first & ask questions later™
aubert
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November 09, 2015, 09:48:46 AM
 #146

i quit too after 2 years but i never invested anything
and i made as much or more (same amount usd roughly)

i had to find 2 pennies to make 3 and so on..
try doing that.. what i did was hard.

taking 47 BTC to start with and walking away with a 7 BTC loss is not good.

i walked in with nothing and walked out with the same amount  Cool

i took me forever to get 1 LTC

i guarantee i learned more than he did LOL
i've never lost any on trading,because i've learned from other people's mistake, why do i need to learn from my mistake while i can learn from other ppl's mistake?

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Zorrocoin
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November 09, 2015, 02:01:44 PM
 #147

Real simple, start trading here. Seriously though, maybe :
1) Invest in a gambling site, because of the house edge you'll win in the long run
2) Have a look at this post, as I'm not going to repeat something already said https://bitcointalk.org/index.php?topic=1153888.msg12165431#msg12165431
If you really dont want to trade anymore just invest somewhere online. Gambling sites are sure profit-makers. You can start your own mining (if you have the time and can afford high electricity bills). Or if you feel better about it, buy a piece of real estate. The price of real estate will not go down for the foreseeable future. Best of luck for whatever you decide!
greBit
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November 09, 2015, 03:15:40 PM
 #148

Real simple, start trading here. Seriously though, maybe :
1) Invest in a gambling site, because of the house edge you'll win in the long run
2) Have a look at this post, as I'm not going to repeat something already said https://bitcointalk.org/index.php?topic=1153888.msg12165431#msg12165431
why not simply get a job and in the meanwhile hold on to your current BTC till the halving. I am sure you will be more than happy with the amount of profit you will see on your holdings.
Spoetnik
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November 10, 2015, 08:57:08 AM
 #149

i quit too after 2 years but i never invested anything
and i made as much or more (same amount usd roughly)

i had to find 2 pennies to make 3 and so on..
try doing that.. what i did was hard.

taking 47 BTC to start with and walking away with a 7 BTC loss is not good.

i walked in with nothing and walked out with the same amount  Cool

i took me forever to get 1 LTC

i guarantee i learned more than he did LOL
i've never lost any on trading,because i've learned from other people's mistake, why do i need to learn from my mistake while i can learn from other ppl's mistake?

I bet anything you started with a seed fund.. i did not.

I started by using a Core2Duo E7500 CPU to mine for i gazillionth of an LTC coin.
I did not walk to my bank and withdraw a crap load of money then go trade and brag about riches..
The two are so different they are not even comparable.

One takes skill and the other takes a bit of luck (gambling)

FUD first & ask questions later™
deisik
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November 10, 2015, 09:43:15 AM
 #150

The pump and dump days are gone but they might come back: there are always new people who will get close to this world and they will put new money in here.
And trading will become profitable again: it's so sad it works like this though.

Trading will not be profitable for all the traders as whole as exchanges charge a fee. It is a zero sum game.

You're right, Bitcoin is aggressively turning into a pyramidal enterprise. Not that it has somehow been much different from the start, but at least there was some hope back then and it wasn't as ostensibly evident...

MrsHash
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November 11, 2015, 10:10:37 PM
 #151

If you like this, try to find a job on exchange, you will learn more, you can trade and you will get a salary as well.
richardsNY
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November 12, 2015, 12:44:11 AM
 #152

If you like this, try to find a job on exchange, you will learn more, you can trade and you will get a salary as well.

Can't you read!? He said that he will quit trading. And not that he is looking for a job at an exchange and to continue trading. Regarding OP, look into Bitcoin related startups and try to find one that will give you a nice interest. If you believe in Bitcoin, then it's the right investment for you.

Proxiebuier
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November 12, 2015, 01:40:40 AM
 #153

If you like this, try to find a job on exchange, you will learn more, you can trade and you will get a salary as well.

I think better he start to build new bussines (offline market/real market) like bookmart, shoe's store, kitchen store or something like that
he will get new experience with new bussines
mdgreasyjohn
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November 12, 2015, 02:54:58 AM
 #154

if you are really quitting then just hold on and wait for the next pump and sell for fiat
Proxiebuier
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November 12, 2015, 03:06:11 AM
 #155

if you are really quitting then just hold on and wait for the next pump and sell for fiat

This is like Trading but for long term (maybe look like invest)
better sell all his BTC and open other bussiness than hold his btc
kyrios_
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November 14, 2015, 03:15:18 PM
 #156

If you like this, try to find a job on exchange, you will learn more, you can trade and you will get a salary as well.

Can't you read!? He said that he will quit trading. And not that he is looking for a job at an exchange and to continue trading. Regarding OP, look into Bitcoin related startups and try to find one that will give you a nice interest. If you believe in Bitcoin, then it's the right investment for you.

How does one invest in these startups?
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November 14, 2015, 04:25:54 PM
 #157

Trading are risky task just like gamble. I know if someone expert for trading, they might can turn loss into profit in a few day.
Anyway if you're really want to quit , you may donate some of your bits to charity and convert all the rest into your currency and save it into bank for your future need.


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Videodrome
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November 14, 2015, 04:28:52 PM
 #158

You can buy a boat, a car a motorcycle...i think your question is troll inside.
randy8777
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November 16, 2015, 11:59:41 AM
 #159

Trading are risky task just like gamble. I know if someone expert for trading, they might can turn loss into profit in a few day.
Anyway if you're really want to quit , you may donate some of your bits to charity and convert all the rest into your currency and save it into bank for your future need.

holding bitcoin is without much risks if you plan to hold your coins for at least a couple of years. day trading is quite risky as you don't really know what will happen. if you know how to read the market, then you can be successful in day trading.
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November 16, 2015, 02:09:33 PM
 #160

Until you lost whole deposit do not give up - only the loss of all a sign of poor outcome. 40 bitcoins you can left in Dice or Poker Cheesy
Exactly 'he can left these coins in Dice or Poker'. Lose will happen more likely that huge win imo. Never tell someone to gamble with all his funds. 
If he want to gamble, good option is to bet not more that 5%-10% or total coins, not more.
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