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Author Topic: I quit trading  (Read 230320 times)
PokerFace3
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November 04, 2016, 07:33:37 PM
 #941


Do anything you want with it. Build a business for the future. Or just gamble it if you don't care losing it. Buy something for yourself or treat someone you love. 40 btc is big enough to treat yourself for one day or invest it to something or building a business.

Or after quitting, he can start a traditional business and manage it. If he is good enough he can be successful. But above all, he can his  this is a good way to determine your success by doing what you loved or passion.
Right, why does he need to do anything when he is actually done with online earnings Smiley
He should just save the coins for his future and maybe once again he gets a time in his life where he has a lot of free time and hence start trading again, then the knowledge will come into play and help him.
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CasioK
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November 05, 2016, 07:37:28 AM
 #942

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.

Do anything you want with it. Build a business for the future. Or just gamble it if you don't care losing it. Buy something for yourself or treat someone you love. 40 btc is big enough to treat yourself for one day or invest it to something or building a business.
gamble is really bad decision especially if he's holding that big amount of money,his greediness will lure him to bet more when he's losing,and it's normal for all people to have this kind of behaviour but it's about how to prevent it to be happening,so gambling is not right
Yes, actually advising such a pro trader to gamble is not worth it, if he had time to gamble maybe he would have continued to trade and earn. I think gambling will just make him loose those 40 BTC in very quick time itself and then making him feel so depressed that he even looses all his earnings and salary together.

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erickkyut
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November 05, 2016, 07:42:26 AM
 #943

I suggest you build up a business from your 40btc. From it you can start a small business on your own or try to invest it to some brokers if you do not have the time for trading. Of course choose a broker that has a high trust rating and have a excellent performance in the market. Use your 40btc to earn more.



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November 05, 2016, 07:43:28 AM
 #944

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.
I Think that it Happens With You Because When You are New to Trading then You Deposited 47 Btc in Trading and I Know You Have Knowledge About Trading But I Think that You have Less Experience about Trading that's the Reason You Lost 7 Btc In Trading Or You Focus on Earning at Beginning and Don't Focus On Learning That's also Can Be A Reason For Your Losses......
You have a  point  but   considering on the price of bitcoin 2 years  ago when  op put  it  up  into trading  is quite  low compared as  of todays and   also   2 years is already  long   and for sure you would  really learn about trading  , it may takes  more time  but  2 years  would   be  enough  but it seems  OP isnt effective on trading thats why  he decided to  quit  to prevent more lose which is  a  good decision to me.
Thats true OP have lose big amount of bitcoin and now trading is much risky because they are more shitcoins aroun in the exchanger now.

                       
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coynedterm
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November 05, 2016, 07:45:48 AM
 #945

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.
i will suggest you to invest your btc at casino sites in small small amount , in this way you will get earning without doing any more trading like tedious work .
otherwise you can make own investment site or cloudmining site with less Profit .


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November 05, 2016, 08:58:20 AM
 #946

Try C-cex. It is to easy to understand it. Better not to put all of your money in just one coin.

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November 05, 2016, 09:05:45 AM
 #947

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.

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November 05, 2016, 09:15:53 AM
 #948

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.
Maybe it's better to take a few months distance from trading where you purely focus on what exactly you did wrong.

Mistakes where you experience some losses are normal at the beginning, but the main point is that you learn from your trading errors and turn them into profitable trades after a while.

But it will be good to know what exactly you were trading. If it was Bitcoin, then all the above mentioned apply, but if you're talking about altcoins, then it's different.

The altcoin industry is purely based on hype and speculation around trending coins. You either need a lot luck to make profits, or you need insider information when you're close to the devs.

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November 05, 2016, 02:19:23 PM
 #949

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.

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November 05, 2016, 02:24:57 PM
 #950

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.

It is the right decision what you took, when you feel that you are giving too much of time and not earning well then it is much better to take a break and come back with full energy or you can always have a watch on the market and when ever their is any good investment option you can just enter and enjoy the profit.














 

 

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StarofBTC
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November 05, 2016, 06:28:32 PM
 #951

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.

Do anything you want with it. Build a business for the future. Or just gamble it if you don't care losing it. Buy something for yourself or treat someone you love. 40 btc is big enough to treat yourself for one day or invest it to something or building a business.
Build a business needs time to run and manage it. I think he should hold the bitcoins for future or say retirement because maybe the price of bitcoins by the time he retires get around 2000-5000$ then he would be really having a relaxed old age without the need of doing anything.

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skyway1
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November 05, 2016, 09:14:42 PM
 #952

I suggest you build up a business from your 40btc. From it you can start a small business on your own or try to invest it to some brokers if you do not have the time for trading. Of course choose a broker that has a high trust rating and have a excellent performance in the market. Use your 40btc to earn more.
you are right that build up your business from 40BTC and i think 40 Btc is enough amount for establish your business and i see that there is many people have do not time for trading and then they want to establish their own real business and if you get hard work for your business then i hope you will get success in your business.
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November 05, 2016, 09:19:47 PM
 #953

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.
i will suggest you to invest your btc at casino sites in small small amount , in this way you will get earning without doing any more trading like tedious work .
otherwise you can make own investment site or cloudmining site with less Profit .
If you are suggesting for to gamble with his money on these casino sites then it is not good to suggest like that because it is not a place to earn money and he will lose all of them while if he start his own casino then he will earn a good income from that amount.

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rokkyroad
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November 05, 2016, 09:56:55 PM
 #954

I appreciate the OPs honest post. He was smart enough to call it quits before he lost more. Was he trading altcoins? If so, a good lesson for everyone.

Holding bitcoin is the only "relatively" safe way to grow your investment. Wait for it to go up and sell. Wait for it to go down and buy.  Its a waiting game and those with patience win. 

No fast money in altcoins anymore unless you are on the inside of a scam or pump.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
8Habits
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November 07, 2016, 05:55:00 AM
 #955

I appreciate the OPs honest post. He was smart enough to call it quits before he lost more. Was he trading altcoins? If so, a good lesson for everyone.

Holding bitcoin is the only "relatively" safe way to grow your investment. Wait for it to go up and sell. Wait for it to go down and buy.  Its a waiting game and those with patience win. 

No fast money in altcoins anymore unless you are on the inside of a scam or pump.

That is true. That is really the one thing that I hate a lot in trading cryptocurrencies - the pump and dump. Although, I am not really affected to it, but I was and so with the new comers in trading crypto currencies. Most of the victims here are the new ones and they easily lose a lot of their bankroll because of these pump and dump.

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November 07, 2016, 06:02:18 AM
 #956

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

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November 07, 2016, 06:14:35 AM
 #957

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..

mirakal
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November 07, 2016, 06:48:10 AM
 #958

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..
You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

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8Habits
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November 07, 2016, 07:10:20 AM
 #959

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..
You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time  betting arbitrage

deisik
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November 07, 2016, 07:26:27 AM
 #960

I think that you need to look into something that doesn't carry as much risk as trading to be honest. Trading altcoins can be really dangerous and the risks often outweigh the rewards. Perhaps try something risk free like arbitrage betting?

I am not sure if arbitrage betting is a risk free. In everything, there will always be risk. We encounter risk everyday n our lives. Even when we drive going to our destinations, there is a risk for accidents and other untoward incidents. It would be a matter of personal resolution to equip your self with the required amount of knowledge and skills to mitigate risk and you will be good to go..
You can do your research and I tell you in advance that it's risk free. However, the journey is not that easy for everyone to make money in arbitrage trading because you have to monitor the price of every exchange sites if possible and just take advantage of the price movement if you can.

hmmn. It is really risk free? Sounds interesting. If it is really, it takes some skills and great amount of knowledge how to perform this. It is like driving a car, if you are the kind of defensive and responsible driver, the risk of getting an accident is very slim. Hmm.. interesting. will check it in my free time  betting arbitrage

As far as I can tell, arbitrage betting is still prone to a number of risks (provided we are talking about sports betting and arbitrage thereof). First of all, it is a systemic risk (i.e. risk which is not associated with any one individual) of a bookmaker going bust, getting hacked or just running away with the money. If these things happen all the time with Bitcoin exchanges and casinos, why do you think it will be different with sports bookmakers? Besides that, there are also smaller risks, for example, many, if not all, bookmakers have a clause in their terms and conditions according to which they can cancel the bet at any time if they think they made an error in their odds. In the case of arbitrage betting that outright leaves your other bet totally uncovered...

What is bad, there is basically nothing that you can do to avoid such risks

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