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Author Topic: I quit trading  (Read 241515 times)
chip1994
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October 17, 2017, 09:02:16 PM
 #2001

After 2 years of trading,  you lost 7 btc, Careful on scam ICO's, better you hold your btc, and wait for another opportunity to soar up, or learned from your mistake, moved on and start another chapter of your life.
He used his money to trading, it does not mean he has joined in scam ICO's project. However, by some reason he has lossed a huge amount of Bitcoin, if calculate to current value of Bitcoin, 7 BTC = ~ $40,000 OMG Shocked





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October 17, 2017, 11:31:48 PM
 #2002

After 2 years of trading,  you lost 7 btc, Careful on scam ICO's, better you hold your btc, and wait for another opportunity to soar up, or learned from your mistake, moved on and start another chapter of your life.
He used his money to trading, it does not mean he has joined in scam ICO's project. However, by some reason he has lossed a huge amount of Bitcoin, if calculate to current value of Bitcoin, 7 BTC = ~ $40,000 OMG Shocked
That's huge with the current price but he already made his journey and he failed that why he quit. If we only know the outcome then we should only be holding it until the price will increase. With bitcoin you do not need to do trading actively as it will increase the value of your assets overtime even if you are just only holding it, also you do not have to worry because you are in the early phase and it's expected to go mainstream and we won't see the price today anymore.

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October 18, 2017, 12:08:34 AM
 #2003

After 2 years of trading,  you lost 7 btc, Careful on scam ICO's, better you hold your btc, and wait for another opportunity to soar up, or learned from your mistake, moved on and start another chapter of your life.
He used his money to trading, it does not mean he has joined in scam ICO's project. However, by some reason he has lossed a huge amount of Bitcoin, if calculate to current value of Bitcoin, 7 BTC = ~ $40,000 OMG Shocked
That's huge with the current price but he already made his journey and he failed that why he quit. If we only know the outcome then we should only be holding it until the price will increase. With bitcoin you do not need to do trading actively as it will increase the value of your assets overtime even if you are just only holding it, also you do not have to worry because you are in the early phase and it's expected to go mainstream and we won't see the price today anymore.
Quitting you are telling that you are not able to get back what youve lost so for me quitting is not the answer of it you may continue but as what the scenario is you have lose your hope for me if you are trading bitcoin then the possibility of it that you can gain profit even you are holding it is positive.

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October 18, 2017, 05:59:53 AM
 #2004

HODL 75%, diversify and spend  Tongue

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October 18, 2017, 11:28:51 AM
 #2005

It is not that easy. Even if you read the trend you might guess 5 movements and the 6th one will go bad and take 100+% of the previous 5 ones. It is just a matter of time. Perhaps it will happen now or in 5 years. So nothing is gained on the long term...
Even the pros will make you understand that it is not always a win win situation. Good knowledge can make you minimize loss, but ability to see the future will only make you to always win which we both know it is not possible to see the future. Like you said, if you have 6 trades, you might win in 5 but you do not have to lose the 6th one badly if you know when to stop and cancel the trade.

I agree on this matter,  pros sometime fail due to trading isn't good for the coins that's been holding for several months and it took up a year upon achieving good pumps. But other investors were courageous to face the very big challenge and won't ever quit and always controls their emotions.
If you have buy some bitcoins now and you can keep it for some time then it is the best decision according to me because the price of bitcoin is increasing very quickly it will give you more profit after sometime when you want to sale it.

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October 18, 2017, 11:40:46 AM
 #2006

put the remaining money to some ICO, or spread them on several. I think completely withdraw from the trade is not worth it.
Be careful with ICO's there are plenty of scam out there make sure you made all the research before investing. I prefer investing in bitcoin alone and those existing altcoins that has been around and has a real use.
You are right there are really lots of scam ICO out theres which we should really be aware on investing on them and we should really make some research first.Back into the topic i would say OP do really have a hard time on improving his trading skills which turn out that hes still on negative inspite on having long years of trading already.Quiting might be a valid reason if things doesnt really work out.
ICOs, bounty campaigns and airdrops are never recommended by me to any digital currency investor because I personally don't feel safe in them. I prefer signature campaigns over all other methods because it has no risk and the payment is a guaranteed one. It was due to this scam issue that China banned ICOs to keep the investors safe from any economic harm.

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October 18, 2017, 02:39:51 PM
 #2007

After 2 years of trading,  you lost 7 btc, Careful on scam ICO's, better you hold your btc, and wait for another opportunity to soar up, or learned from your mistake, moved on and start another chapter of your life.
There no way that scamming ICO won't occur because ICO is mostly the way of earning 2x,3x or more this days so scammer will use the advantage of that to steal from people. However, there are some precaution one must do in other not get scam and I bet the OP don't do that. Meanwhile,  Graft Network is the option for you to get back your lost.
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October 19, 2017, 02:26:51 AM
 #2008

So how do you feel now is a good time for trading? Or a good time has already passed. And in general, how to start trading? Where should I start?
The place to start to trade bitcoins is to look at some videos on youtube about trading, then read a few books about the subject, trading bitcoin is no different than trading forex, so read those books and finally, begin to practice in a platform you like, after some time you will be ready to begin to trade.
I have the same opinion regarding trading. Trading is dependent on numerous factors and it requires to keep eye on many things if you want to be successful in trading. I don’t like and suggest trading especially for collecting bitcoin.

If you have good market knowledge still without practice and experience you are nothing. Trading requires a lot of wisdom, you need to make right decisions at right time.
I agree, anyone can see in a graph when you should have invested, but doing it in real time is a completely different thing, most people simply do not have the instincts to become a trader, sometimes you need to take risks and many people are not able to take them and as such are terrible traders.

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October 19, 2017, 03:17:32 AM
 #2009

You could try to invest it on some other things. Buy some mining hardware or investing on some companies. It's a large money, you can make it grow larger with the right move. Or you could just spend it. I guess you have more money in your bank though.

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October 19, 2017, 03:27:25 AM
 #2010

I tried to trade (I mean, when you focusing on prices, technical analysis, current profit and so) and only lost some money. Hopefully gained almost equal amount on re-investing (technically still trading, but in long-term and only by well-known information and prediction). And I mean losses/gains in crypto itself. In fiat money that of course still big profit (actually almost equals to just holding BTC).

So, yeah, I'm too wondering how you people constantly make profit from trading, and even doubting is it for real or what.
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October 19, 2017, 04:52:21 AM
 #2011

I tried to trade (I mean, when you focusing on prices, technical analysis, current profit and so) and only lost some money. Hopefully gained almost equal amount on re-investing (technically still trading, but in long-term and only by well-known information and prediction). And I mean losses/gains in crypto itself. In fiat money that of course still big profit (actually almost equals to just holding BTC).

So, yeah, I'm too wondering how you people constantly make profit from trading, and even doubting is it for real or what.
if you start trying professionally, then you need to have a lot of opportunities and information. Knowledge determines your status and prospects. I have been working on the crypto exchange for a long time, but nevertheless I am still a beginner and work with small volumes. Probably I'm never a professional, because you need to have so many opportunities for this.

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October 19, 2017, 05:08:52 AM
 #2012

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.

Lessons well learned. Short term always lose some out to long term holding, across many asset classes. Especially new ones poised for growth such as this
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October 19, 2017, 05:14:01 AM
 #2013

If you don't have any experience in trading, especially when you don't have enough money to back it up then better not to trade it at all. It's better to hold it. Save up some extra money with your job, set an amount of investment that you're willing to lose, read some guide and learn from that.
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October 19, 2017, 05:40:42 AM
 #2014

If you don't have any experience in trading, especially when you don't have enough money to back it up then better not to trade it at all. It's better to hold it. Save up some extra money with your job, set an amount of investment that you're willing to lose, read some guide and learn from that.
Experience can be earn, all you need to have is money so you can trade but if you don't improve along the way that means you are not good in trading and the best way to do is to quit to cut your loses. Trading is one of the many ways where we can grow our money but if we do not have the necessary skills required to succeed, we better find another way to earn money.

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October 19, 2017, 06:41:25 AM
 #2015

I have quit trading also. I mean you are stressed all the time and a wrong entry can block you for weeks if not months. Better to buy and hold for x months. Eventually it will turn our way.

You not really need to quit trading because you lost your profit once. Try to hold your coins for a little bit longer till the value increase again. You can still work on campaigns while waiting for your coins to increase its value or rather build a mining hardware and earn coins passively while waiting for the market price to increase again.
Its depends bot all coins needs to hold some other you need to let go and buy more at much cheapper price. There are times that you need to stop but don't quit.
Quitting is not at all a good option as it is never appreciated to lose hope. You need to remain determined and keep on working hard. Quitting of trade is a good option but this will not help you in getting back what all you have lost. If you want to earn more money, then you need to remain motivated. Take a break and come again in trading with fresh mind.



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October 19, 2017, 11:09:21 AM
 #2016

I certainly will not do any more trading. Because I am very difficult economically right now, I am not psychologically good, it will take some time to recover the money I lost.



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Rainbot
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8Habits
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October 21, 2017, 07:13:53 AM
 #2017

I have quit trading also. I mean you are stressed all the time and a wrong entry can block you for weeks if not months. Better to buy and hold for x months. Eventually it will turn our way.

You not really need to quit trading because you lost your profit once. Try to hold your coins for a little bit longer till the value increase again. You can still work on campaigns while waiting for your coins to increase its value or rather build a mining hardware and earn coins passively while waiting for the market price to increase again.
Its depends bot all coins needs to hold some other you need to let go and buy more at much cheapper price. There are times that you need to stop but don't quit.
Quitting is not at all a good option as it is never appreciated to lose hope. You need to remain determined and keep on working hard. Quitting of trade is a good option but this will not help you in getting back what all you have lost. If you want to earn more money, then you need to remain motivated. Take a break and come again in trading with fresh mind.




I could not agree more to take some break before trading again from a big trading lost. This is to free our mind from being disappointed. It is also a good way to think hard where did you go wrong on that previous trade and what you can do in the next trade - because we really either win or learn in traiding.

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October 21, 2017, 07:19:02 AM
 #2018

I have quit trading also. I mean you are stressed all the time and a wrong entry can block you for weeks if not months. Better to buy and hold for x months. Eventually it will turn our way.

You not really need to quit trading because you lost your profit once. Try to hold your coins for a little bit longer till the value increase again. You can still work on campaigns while waiting for your coins to increase its value or rather build a mining hardware and earn coins passively while waiting for the market price to increase again.
Its depends bot all coins needs to hold some other you need to let go and buy more at much cheapper price. There are times that you need to stop but don't quit.
Quitting is not at all a good option as it is never appreciated to lose hope. You need to remain determined and keep on working hard. Quitting of trade is a good option but this will not help you in getting back what all you have lost. If you want to earn more money, then you need to remain motivated. Take a break and come again in trading with fresh mind.




I could not agree more to take some break before trading again from a big trading lost. This is to free our mind from being disappointed. It is also a good way to think hard where did you go wrong on that previous trade and what you can do in the next trade - because we really either win or learn in traiding.
True that! We should not push our selves more if we think that we are being stress because of the effect trading gives us specially when we lose a lot of money. Taking a rest would help to freshen up our mind and maybe start again when you feel good.

8Habits
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October 23, 2017, 03:38:31 PM
 #2019

I have quit trading also. I mean you are stressed all the time and a wrong entry can block you for weeks if not months. Better to buy and hold for x months. Eventually it will turn our way.

You not really need to quit trading because you lost your profit once. Try to hold your coins for a little bit longer till the value increase again. You can still work on campaigns while waiting for your coins to increase its value or rather build a mining hardware and earn coins passively while waiting for the market price to increase again.
Its depends bot all coins needs to hold some other you need to let go and buy more at much cheapper price. There are times that you need to stop but don't quit.
Quitting is not at all a good option as it is never appreciated to lose hope. You need to remain determined and keep on working hard. Quitting of trade is a good option but this will not help you in getting back what all you have lost. If you want to earn more money, then you need to remain motivated. Take a break and come again in trading with fresh mind.




I could not agree more to take some break before trading again from a big trading lost. This is to free our mind from being disappointed. It is also a good way to think hard where did you go wrong on that previous trade and what you can do in the next trade - because we really either win or learn in traiding.
True that! We should not push our selves more if we think that we are being stress because of the effect trading gives us specially when we lose a lot of money. Taking a rest would help to freshen up our mind and maybe start again when you feel good.

You are right mate. Even in anything we do,  a deep breath and a little walk (getting yourself out of the situation for a time being) can most of the time do the trick but not true to all though. Trading is very stressful for those people who are using a huge amount of money and are so emotional - the solution is only invest with money you can afford to lose and don't get emotional.

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October 23, 2017, 03:52:14 PM
 #2020

Hold it or maybe invest in a gambling site and I do hope you didn't waste it. This is one of the living testimony that holding bitcoin is still the best way for having a great number of money. 40 bitcoins is a very large money. I hope this guy take the advice of other members to hold his coins. That was 2 years ago where bitcoin was too cheap, and now it multiplied almost 30 times.
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