What is the Biggest problem you have with trading / exchanging?

[ponchovilla]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

[Andrew1337]

Hi . Well I have lots of problems by trading altcoins and exchanging . For example if I would like to get some profit and I bought that coin for a low price , that coin can go more less and stay at same price for weeks , even months . But trading is not like gambling , you are not going to lose all just a bit from your funds , but also the price can grow up and get some profit
Also you need to be careful before exchanging , there are lots of sites who have big fees for exchange

[xSkylarx]

I think my biggest problem with trading is I am really a panic seller,
And because of that I have lost a lot of money .

[batang_bitcoin]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

The biggest problem that I'm experiencing in crypto trading is I'm becoming greedy. I usually not sell when I see the price pumping and that's making me miss a lot of profit. Because I don't have an idea on when it's going to pump and dump and if I sell sometimes it's already late but that is before and now no more regrets, profits is profit upon selling.

[SaShiRaJaVu]

I think my biggest problem with trading is I am really a panic seller,
And because of that I have lost a lot of money .

If you are looking for quick profits these things will happen,you must have a laid back character while trading and if you are entering the coin at a decent price then you have to wait for a longer period than to sell at a loss because these coins will climb up at a later time,i never encountered a loss while trading because i make sure that i will not sell at a loss.

[hardtime]

My biggest problem is going to have to be managing emotions, it's been something that I've had issues with for awhile when it comes to my money. It's tough for me to see losses and I try to minimze them and fall into the shitty trade trap of buying high and selling low, which is someting that a lot of others do when they're trading as well. I miss the boat on a lot of good trades and it really fuckes me up when I notice what could've been out of all of this. Another one of the minor issues I had was accounting for the exchange fee which is bound to be there, you're going to have to notice stuff like this to be able to be a good trade, handling emotions and allowing yourself to lose a little with the chance to win  out on a lot is also FUCKING VITAL. There ya are bud, good luck!

[Jemzx00]

I think my biggest problem with trading is I am really a panic seller,
And because of that I have lost a lot of money .

If you are looking for quick profits these things will happen,you must have a laid back character while trading and if you are entering the coin at a decent price then you have to wait for a longer period than to sell at a loss because these coins will climb up at a later time,i never encountered a loss while trading because i make sure that i will not sell at a loss.

Actually this is the common problem regarding about trading coins. Most people tend to sell their coin whenever they see that the price is falling which is wrong since not all coin's price go down constantly since most of them eventually regain their price and even go higher but the most important thing is that you do your research before buying and selling to know the cause why price changes.

[timerland]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

I guess it's the fact that a lot of payment processors has outrageous spreads. For example, paypal. If you want to buyp bitcoin with paypal then you should obviously be expecting to pay like 5-10% over spot price for these bitcoins. If you want to sell your bitcoin for a trusted person's paypal though, you'll probably only be getting like 5% less paypal than spot price USD.

And also, strict KYC rules on certain exchanges. They want you to even provide proof of where the funds came from which is quite outrageous at least to me. If you want to go anonymous, again expect to pay a premium.

[jaceefrost]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

Mine is my lack of knowledge on trading. I also let my emotion decide when I ma panick buying or selling so my profit is not that good. I often follow what's the highest volume trading on an exchange and buy it and sell it after it rise a bit or sell it immediately when I see it drop. I'm still working on it and I hope I'd learn proper trading because I really want to make a stable income from it.

[sweetbet]

Patience. Sometimes I find it difficult to be patient when the price of an alt coin is so close to my buy/sell target price, but not quite there yet. I force myself to be patient, but it's not easy.

[Herbert2020]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

the biggest challenge which i think most people would agree about is reliability of that platform which you are using to trade.

we all know the hacks and the risks of one of these exchanges either get hacked or scam and say they were hacked. and that is why it will always be a huge risk and a headache to keep coins on exchanges for simple trading.

the other problem about not being reliable is the fact that these exchanges go down, slow down, ... during high traffic. we have already seen this one too. many times. you want to sell when you notice a dump but the exchange becomes non-responsive and you lose money because of it! and this happens to big exchanges like poloniex, coinbase, ...

[matchi2011]

Patience. Sometimes I find it difficult to be patient when the price of an alt coin is so close to my buy/sell target price, but not quite there yet. I force myself to be patient, but it's not easy.

Lol. Many people are having the same problem as you dude and i think sometimes i do the same. Though most of the time i manage to be relaxed with my trades, even opting to hold for an extended time if my alts haven't yet made any profits. There are a lot of people also indicating they are having problems with the site they're using like transactions being slow or fees being too high though for me, i've been using polo most of the time, i haven't yet encountered any issues with that platform.

[1Referee]

My personal problem with trading is that I have to grant an entity other than myself total control over my coins. It means that from there I need them to keep functioning properly, to not get hacked, to not have one employee perform an inside theft, etc. That's why I always withdraw everything back to my own wallet once I am done trading. The only thing that I am not withdrawing is fiat, but I understand what risks I expose myself to, and I accept these risks to the full. My main priority is always making sure that my coins are securely stored under my own control when I am not trading.

[ubercool]

The major problem for me in trading is to find the right time for selling/buying, sometimes I sold my coins too early without thinking about the future of that coin, similarly bought some coins very lately where I could have made a great profit but now I have to adjust with a normal profit or equal cashout.

[carlfebz2]

The major problem for me in trading is to find the right time for selling/buying, sometimes I sold my coins too early without thinking about the future of that coin, similarly bought some coins very lately where I could have made a great profit but now I have to adjust with a normal profit or equal cashout.

This thing is the most common problem on most trader on which its hard to execute trades either on long or short because its really hard to determine if we are on the right spot to make such action.Among on this kind of problem the thing that I do hate is the fees specially when you are a day trader/active trader which you would surely feel what I mean but still okay for me as long I do have bulk profits in the end of the day. Fees wont really much in doubt.

[toolucky98]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

i got really bad problem bro, when i bought some altcoins, it continued to dump and when i sold some altcoins, it continued to pump.
i know im still a newbie, but this is really bad and sad lol .

[AjithBtc]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

i got really bad problem bro, when i bought some altcoins, it continued to dump and when i sold some altcoins, it continued to pump.
i know im still a newbie, but this is really bad and sad lol .

You itself knew that you don't have a perfect understanding about the market. So directly don't get into the trading. Learn about the do's and don'ts of bitcoin and altcoins trading. Gradually start with a smaller amount and this will make things better when you go on further trading.

[joganuts]

I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

The biggest problem that I'm experiencing in crypto trading is I'm becoming greedy. I usually not sell when I see the price pumping and that's making me miss a lot of profit. Because I don't have an idea on when it's going to pump and dump and if I sell sometimes it's already late but that is before and now no more regrets, profits is profit upon selling.

I also suffers on the same problem you experiencing. We are people so it is normal for us to have a bad decision in life. Like you i become greedy in the point that when the price of bitcoin sudden changes or developed there comes the time I do panic selling where all my funds can be set aside on selling. But i can also happened on vice versa when the price dump in tend to sell to not loose more but it happens there more loose that may happened if you will do it.

[maydna]

the biggest problem that i made is when i am new in trading, in that time, i became a panic trader and when i see the price is down a little, i made a cut loss my coins so in the end my balance is reduce. the other problem is i am not selling when the price is getting pump but i make an order sell too higher than the pump so my coins is not sold at that time and it makes me to wait for a while although after the pump, the price is increase until my order sell is fill. i am still trying to handle this and i am sure that i can solve this with easy in future.

[Ucy]

Biggest problem in my opinion is the experience of having along lasting bearish movement or a bullish Cryptocoin quickly reversing as soon as you hit buy.