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Author Topic: I quit trading  (Read 228459 times)
Kalder
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February 24, 2016, 10:20:42 AM
 #241

As you are having 40 btc (I consider you as a Mini Whale)

I can see many people having more than 10 btc are enjoying trades at the cost of small traders.

I would rather suggest to invest in a potential coin sit back and enjoy profits Smiley


In the bitcoin trade, people with 40 or 100 bitcoin are not whales. They can easily be absorbed by markets.

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mrflibblehat
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February 24, 2016, 07:55:58 PM
 #242

You think 100 bitcoin is not much? Then you surely have more than that.

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February 24, 2016, 10:35:33 PM
 #243

As you are having 40 btc (I consider you as a Mini Whale)

I can see many people having more than 10 btc are enjoying trades at the cost of small traders.

I would rather suggest to invest in a potential coin sit back and enjoy profits Smiley


In the bitcoin trade, people with 40 or 100 bitcoin are not whales. They can easily be absorbed by markets.

how much btc do you think is enough to qualify one as a whale?
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February 24, 2016, 11:08:41 PM
 #244

As you are having 40 btc (I consider you as a Mini Whale)

I can see many people having more than 10 btc are enjoying trades at the cost of small traders.

I would rather suggest to invest in a potential coin sit back and enjoy profits Smiley


In the bitcoin trade, people with 40 or 100 bitcoin are not whales. They can easily be absorbed by markets.

how much btc do you think is enough to qualify one as a whale?
I think if some one have more then 100 Bitcoins he is consider as Whale because its enough funds to do many things
Kalder
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February 25, 2016, 10:10:36 AM
 #245

As you are having 40 btc (I consider you as a Mini Whale)

I can see many people having more than 10 btc are enjoying trades at the cost of small traders.

I would rather suggest to invest in a potential coin sit back and enjoy profits Smiley


In the bitcoin trade, people with 40 or 100 bitcoin are not whales. They can easily be absorbed by markets.

how much btc do you think is enough to qualify one as a whale?

In order to move a market in an exchange, you need at least 1000 bitcoin to do that. That is just a small whale.

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February 25, 2016, 03:29:11 PM
 #246

Buy a motorcycle and start traveling the world with it. Time to start learning and seeing new things.

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February 25, 2016, 05:03:17 PM
 #247

Why you should do that. It is not smart. Bitcoin will be now worth later in the future and that will be also good for trading.
I know that you are very negative about the btc price are, but there is now a change. It is rising now and that is good.
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February 26, 2016, 08:52:45 AM
 #248

Why you should do that. It is not smart. Bitcoin will be now worth later in the future and that will be also good for trading.
I know that you are very negative about the btc price are, but there is now a change. It is rising now and that is good.

For most of us, it is better to keep the bitcoin in our own wallet and hold for the long term. Leave the trading to the professionals.

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February 27, 2016, 07:20:45 AM
 #249

instead i'm trying to trade again on 1broker, going long for short term on btc/usd counter pair

seems easily profitable since the bottom is already established at 350 so you're safe with any bets above it
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February 27, 2016, 07:24:26 AM
 #250

instead i'm trying to trade again on 1broker, going long for short term on btc/usd counter pair

seems easily profitable since the bottom is already established at 350 so you're safe with any bets above it

my friend trade on 1broker too, he introduce me how to trade at 1broker, but for me bittrex more simple and less risky than 1broker

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February 28, 2016, 01:41:41 PM
 #251

instead i'm trying to trade again on 1broker, going long for short term on btc/usd counter pair

seems easily profitable since the bottom is already established at 350 so you're safe with any bets above it

I think the price will not go below $350 in the future. So we need to establish a new psychological bottom to do buy.

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phreaky
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February 29, 2016, 09:43:58 AM
 #252

As you are having 40 btc (I consider you as a Mini Whale)

I can see many people having more than 10 btc are enjoying trades at the cost of small traders.

I would rather suggest to invest in a potential coin sit back and enjoy profits Smiley


In the bitcoin trade, people with 40 or 100 bitcoin are not whales. They can easily be absorbed by markets.

how much btc do you think is enough to qualify one as a whale?

In order to move a market in an exchange, you need at least 1000 bitcoin to do that. That is just a small whale.
Just a wait a little longer. Dont give up so fast, that is not good. I hope later that the value will rise.
And if you are looking at it. You can see that the price is rising. But you never know what can happen in the future.
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February 29, 2016, 09:52:56 AM
 #253

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.

Wow, 7 BTC loss, quite something. I really hope that you've learned A LOT, since it didn't come cheap.

What I'd do?
If you still have 40 BTC after 2 years it means you don't need it so bad as fiat value. So I will not start with buy this or that, you surely have enough fiat for that.
What I'd do, I'd split the money in at least 3 parts:
1. One part will sit on paper wallets. That's the part you always can count on for emergencies or future use.
2. One part will you can invest in house on gambling sites, you can lend on forum or on exchanges. This part should grow while still staying as Bitcoin.
3. One part I'd convert in a few high potential altcoins. This is the highest risk investment. Some will be lost money while some others may make you rich.

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February 29, 2016, 06:25:33 PM
 #254

I quit trading after losing 0.5 over a weekend made bad investments that crashed very quickly before I had chance to react never going back lol

Did you do margin trading? If not, you will lose just a small percentage of your original investment. Do not give up.
techgeek
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March 01, 2016, 01:43:05 AM
 #255

I quit trading after losing 0.5 over a weekend made bad investments that crashed very quickly before I had chance to react never going back lol

I quit when i was lost around the same btc when I noticed I knew that my TA was all over and done.

Although it was a expensive experience not much compared to the op`s 7 btc loss, but shits literally gambling at this point.

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March 01, 2016, 10:44:31 AM
 #256

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.

Wow, 7 BTC loss, quite something. I really hope that you've learned A LOT, since it didn't come cheap.

What I'd do?
If you still have 40 BTC after 2 years it means you don't need it so bad as fiat value. So I will not start with buy this or that, you surely have enough fiat for that.
What I'd do, I'd split the money in at least 3 parts:
1. One part will sit on paper wallets. That's the part you always can count on for emergencies or future use.
2. One part will you can invest in house on gambling sites, you can lend on forum or on exchanges. This part should grow while still staying as Bitcoin.
3. One part I'd convert in a few high potential altcoins. This is the highest risk investment. Some will be lost money while some others may make you rich.

Why you should stop trading. You can do it later in the future more. The value is indeed not so high.
But you need patience and that is very important. You can see that the value now is rising so that will be good.


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March 01, 2016, 11:33:00 AM
 #257

Well. You are happy with what you've learned so far, eh? Why don't you apply that knowledge? You don't have to trade on such a large scale, but maybe buying and selling 1 bitcoin. That'll be fun for you.
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March 02, 2016, 11:27:42 AM
 #258

Well. You are happy with what you've learned so far, eh? Why don't you apply that knowledge? You don't have to trade on such a large scale, but maybe buying and selling 1 bitcoin. That'll be fun for you.

For most of us, trading is not an option. Trading just transfers money from many people to very few people.

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March 06, 2016, 02:58:53 PM
 #259

i have the same problem like OP mentions.
i found out that i have to dedicate a lot of my time if i want to be successful in trading. so it is hard to do everyday, i do it from time to time but the problem is i lose some opportunities and when you give up and come back it is hard to keep up with the news.

Yeah I agree, it takes a lot of effort to keep track and successfully trade bitcoin. It'll be like having an official job
It is now not the right time to stop trading. Bitcoin will be more popular in the future and more used.
So that is quite good for trading. I hope that more people will use Bitcoin and that the value will rise for a long time.
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March 07, 2016, 02:22:14 PM
 #260

Why you should do that indeed. Are you losing to much money or what. The most important is to have a strategy.
Without strategy you wont earn some good money. And that is very important, otherwise you will lose it and that will be not good.
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