BitHodler
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Activity: 1526
Merit: 1179
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October 05, 2016, 11:48:31 AM |
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My biggest mistake was that I at the beginning of my time here in the crypto world thought I could easily make profits whilst trading in altcoins.
After realizing that the entire altcoin market is one big joke with all the fake devs that bought their coins for a few bits, I completely left the altcoin scene. Best decision ever.
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BSV is not the real Bcash. Bcash is the real Bcash.
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septiumwolf
Newbie
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Activity: 56
Merit: 0
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October 05, 2016, 12:07:49 PM |
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My biggest mistake was that I at the beginning of my time here in the crypto world thought I could easily make profits whilst trading in altcoins.
After realizing that the entire altcoin market is one big joke with all the fake devs that bought their coins for a few bits, I completely left the altcoin scene. Best decision ever.
Interesting, so you stick with the bitcoin? Is altcoin really bad for your investment? I want to hear more about this |
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CroDam
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October 05, 2016, 03:42:09 PM |
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My bigger mistakes were made when I didn't close trades with low loss. Of course bigger lose come later.
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gandame
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October 05, 2016, 04:09:11 PM |
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Most novice to trading that's happening to them. But learn to their mistake that how they earn big in trading because the money is in trading. Correct timing and must study carefully so that you earn more money and you have knowlegde about trading. Based on my experience when I first in trading i lose but recovered only a few weeks and earn more.
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btcdevil
Legendary
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Activity: 1302
Merit: 1027
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October 05, 2016, 04:28:15 PM |
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Two times i made mistake once when i got a free giveaways coins of an altcoin when listed after seeing a small hike i just sold it and after some days i am seeing 10 times more rate then what i sold it, and second time i just kept it holding as thinking of first mistake and that coin after made high went to 1 satoshi price .
So now i have learned that what ever price you are getting be happy with it as you cannot enter in high and low buying selling in trading.
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gentlemand
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Activity: 2590
Merit: 3014
Welt Am Draht
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October 05, 2016, 04:46:32 PM |
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My biggest mistake was ever attempting it in the first place. I'm utterly crap at it. I've also been crap at dismissing the dead certs. When ETC popped up it was 0.0007. I thought 'hmm, this is a no brainer... nah'. When I woke up it was 3 times or so higher.
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richardsNY
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Activity: 1232
Merit: 1091
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October 05, 2016, 05:21:45 PM |
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For me it were the beginner mistakes that have cost me hundreds of dollars worth of coins 2 years ago. It were the well known "When I buy the price goes down, when I sell the price goes up" mistakes.
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bitbunnny
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Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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October 05, 2016, 06:09:49 PM |
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The worst thing you can do is that you lose your cool head. When you are not thinking rationaly and you start panic buying or panic selling it is almost certain you will suffer the loss. So, try to keep calm, analyze the situation, watch the market and make decisions with cool head. And try to predict things. This is maybe the hardest thing and comes with experience but it will save you from buying or selling in wrong time with wrong price.
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tee-rex
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October 05, 2016, 06:57:09 PM |
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Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
I know that I should close losing positions as soon as possible but I still get married to them hoping to wait out the bad days and have it my way eventually. With Bitcoin it usually works out in the end, but not with altcoins. This seems to be the primary cause of me losing money. Under these circumstances I try to refrain from trading altcoins nowadays and prefer to stick to fiat currencies and Bitcoin mainly. If Bitcoin goes up, that's OK, if it goes down, I just buy a little more coins. |
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Red-Apple
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October 06, 2016, 07:22:05 AM |
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Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
one of my mistakes in the early days of my trading was not knowing about what the hell stop loss is. in short i can say it is a life saver, and you should always have a stop loss prepared and ready to sell at that price or if the platform allows you, you should then make it automatic in order not to miss out on selling in case of a big dump. |
--signature space for rent; sent PM--
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1Referee
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Activity: 2170
Merit: 1427
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October 06, 2016, 07:46:47 AM |
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It was in 2013 when I was trading altcoins quite frequently. I was about to place a huge NMC sell order somewhere 25% higher than the market price at that time, but instead, I executed a buy order and bought the price up by mistake. But I kept holding holding, and probably a week or two after that, the price of all altcoins listed on BTC-E exploded in value. My patience made me not lose anything. It turned out to be a mistake with high profits as result.
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TheSnow
Member
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Activity: 70
Merit: 10
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October 06, 2016, 07:49:30 AM |
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My most mistake at trading coin is when i buy when the price is rising.And the second mistake,when i see the price for coin is falling,i don wan to wait.I gamble the coin by hoping i can earn some profit before selling all my coin back to cash.And at the end,i lose all my coin because of impatient.
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Viyamore
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October 06, 2016, 08:13:41 AM |
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My most mistake at trading coin is when i buy when the price is rising.And the second mistake,when i see the price for coin is falling,i don wan to wait.I gamble the coin by hoping i can earn some profit before selling all my coin back to cash.And at the end,i lose all my coin because of impatient.
Patient is the enemy of a trader especially newbie traders that not knows how to wait or like you that you always tend to sell when everyone is selling and you buy when the coin is pumping but i guess you've learned for on it now as you know what are your mistakes ,Try it to apple and avoid your mistakes and surely you will take a good shot ,a successful trades. |
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UnknownEye
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October 06, 2016, 08:16:43 AM |
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My most mistake at trading coin is when i buy when the price is rising.And the second mistake,when i see the price for coin is falling,i don wan to wait.I gamble the coin by hoping i can earn some profit before selling all my coin back to cash.And at the end,i lose all my coin because of impatient.
I believe you situation i also happening on most trader including me.Because lack of the knowledge and greed to earn the profit as fast as we can,we just buy the coin at random and hoping the coin will rising at the big gap tomorrow.This is why patient is the most important thing in trader.Not only trading coin,but also in other trading. |
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Kevin77
Legendary
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Activity: 1652
Merit: 1057
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October 06, 2016, 09:19:16 AM |
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I had an experience of buying an alt coin on a small bump. Buying at the starting of bump will get you some definite profits whereas if you got stuck at the end of bump, only God may save you. I hate altcoin trading for this reason. We do not know when we may get stuck in middle of their bump and dump.
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zeaderza
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October 06, 2016, 09:22:19 AM |
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I had an experience of buying an alt coin on a small bump. Buying at the starting of bump will get you some definite profits whereas if you got stuck at the end of bump, only God may save you. I hate altcoin trading for this reason. We do not know when we may get stuck in middle of their bump and dump.
Yes, it happens. Trading non-reputed altcoins might result in losses most of the times. I too had similar experience many times, now I'm trading only established altcoins and bitcoin against fiats. In my opinion trading bitcoin is more than enough as it always gives more fluctuations to book profits time to time. |
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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October 06, 2016, 09:26:39 AM |
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My biggest mistake was that I at the beginning of my time here in the crypto world thought I could easily make profits whilst trading in altcoins.
After realizing that the entire altcoin market is one big joke with all the fake devs that bought their coins for a few bits, I completely left the altcoin scene. Best decision ever.
Interesting, so you stick with the bitcoin? Is altcoin really bad for your investment? I want to hear more about this That's correct, I am solely focusing on Bitcoin. The main thing about altcoins is that the far majority (+95%), are nothing more than copied clone coins doing absolutely nothing interesting. The "devs" behind these coins make empty promises to make rookies buy into their coins, so they will be bag hodlers if their "project" runs out of steam. The result will be that a lot innocent people end up losing money while they thought it had real potential. Yes, I know in potential there is a lot money to be made with altcoins, but I don't want to support fake devs launching copy coins just to dump their pre-instamined crap on me and other people. |
BSV is not the real Bcash. Bcash is the real Bcash.
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Dolbycocoin
Newbie
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Activity: 32
Merit: 0
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October 06, 2016, 10:38:13 AM |
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always leave my buy order , but get sleepy and then wake up with coin that already get dumped , i get that experience so many times and now i always cancel my buy order if feel sleepy
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harizen
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Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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October 06, 2016, 11:07:11 AM |
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Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
Not that much loss but the main thing is so much expectations for the profit that I will take. When there is a sudden price increase happening, even I already reached a good and decent profit still Im not getting out because I want to maximize the profit. Then the price will slowly increase but still because that is slow, I think it will bounce back in a few hours. But that isn't the common case that happens resulting for a lesser profit. Greed is really not good. |
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noictib
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October 06, 2016, 11:12:59 AM |
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Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
i have lost my 0.005btc in my blockhain wallet because i had started bitcoin after one year . but my email was not accessible because i was not able to receive otp at my mobile ( i contact google and also my customer care of service provider but everyone saif it is program fault not our fault ). |
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