Master_dandosha
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August 02, 2017, 10:40:13 AM |
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The biggest problem facing me with trading in all exchanges bittrex\polo ..etc , when i was following long term plan ex i buy from stable market for almost 2-3 month when going red then sell higher 2x at least also with no problem if i wait for one year ahead but suddenly found that market decreased with time being even get 10 x lower so better to stay in short term only buy low and sell a little high . acknowledged from experience .
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chocolah29
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August 02, 2017, 10:59:10 AM |
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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.
My biggest problem is only one, patience. I have been lost almost 40% from my money because can't control my emotion. When the price falling down, I should see graphic price chart not sell all my coins. But it's too late, after I sell it the price comes up again. This time I try to control my self-becomes patience people, hope will happen soon. Good luck. That's my main problem too when I buy a good altcoin with cheap price, I can't wait for it to be more valuable. I instantly sell it out again and get back to bitcoin. I think you're a bit excited to have a profit brother? In first place when you bought coins you should know whether its for long term or short term. And dont be too hurry to profit or else you'll end up panicking and you cant think right as many thoughts are running in your mind. Good things happen to those who patiently wait.
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bohr
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August 02, 2017, 10:37:52 PM Last edit: August 06, 2017, 09:40:55 PM by bohr |
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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.
My biggest problem with trading are centralized exchanges, bitcoin is supposed to be a decentralized currency and now we have these big hubs of data that can be hacked or stolen or that can turn into a scam, decentralized exchanges have appeared but at the moment are subpar when it comes to their platform, whoever can create a decentralized exchange that works perfectly is going to become millionaire overnight
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Fireblade
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August 03, 2017, 09:09:35 AM |
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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.
My biggest problem is only one, patience. I have been lost almost 40% from my money because can't control my emotion. When the price falling down, I should see graphic price chart not sell all my coins. But it's too late, after I sell it the price comes up again. This time I try to control my self-becomes patience people, hope will happen soon. Good luck. That's my main problem too when I buy a good altcoin with cheap price, I can't wait for it to be more valuable. I instantly sell it out again and get back to bitcoin. I think you're a bit excited to have a profit brother? In first place when you bought coins you should know whether its for long term or short term. And dont be too hurry to profit or else you'll end up panicking and you cant think right as many thoughts are running in your mind. Good things happen to those who patiently wait. in very beginning when we get some profit, it really feel very good, for me when i get my first profit from altcoin trading i was really too good, and i become more excited and decide to continue trading.
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RedX
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August 04, 2017, 02:12:03 AM |
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Well for me it would be the maintenance on altcoin addresses. It always happen on yobit when I'm doing an arbitrage and I know it's intentional. When I see a coin that has a different value but then when you are on the move to transfer the coin then you found out it's not available to deposit. It's very frustratingt that it also happens in polo and coinexchange.
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Yuhee
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August 04, 2017, 03:23:40 AM |
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Well for me it would be the maintenance on altcoin addresses. It always happen on yobit when I'm doing an arbitrage and I know it's intentional. When I see a coin that has a different value but then when you are on the move to transfer the coin then you found out it's not available to deposit. It's very frustratingt that it also happens in polo and coinexchange.
Happened to me also in yobit and until now haven't made any deals with yobit anymore. Poloniex for me is a very common site and i just traded 0.05 btc in there. My biggest frustration would be just missing out the suppose to be biggest deal in eth but i went to the bathroom for an hour and when I came back the price had just fallen fact and i hoped it would return to 380 price but it did not. I ended up selling it to 290$.
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karmamiu
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August 04, 2017, 04:27:25 AM |
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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 This is why trading needs to be more cautious, There are also some terms that are called to traders like this who buys for now and hold it for how many weeks or even months, I think they are called long term trader, correct me if I am wrong? well because this is what I am doing too because I cannot look at the chart every time due to schedule problems so this is the only way I am trading .
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marky89
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August 04, 2017, 04:56:00 AM |
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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.
My biggest problem with trading are centralized exchanges, bitcoin is supposed to be a decentralized currency and now we have this big hubs of data that can be hacked or stolen or that can turn into a scam, decentralized exchanges have appeared but at the moment are subpar when it comes to their platform, whoever can create a decentralized exchange that works perfectly is going to become millionaire overnight It'll be a while. Once atomic cross-chain swaps become tenable, a lot of altcoin/BTC trading can be taken off centralized exchanges. I can't wait for that. I lost some alts (fiat as well) on BTC-e. It was always the best litecoin exchange. Live and learn. So I'm with you...... but I wonder how many years out we are from a decentralized exchange with good enough liquidity and fast enough trading engine to compete with centralized exchanges.
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quarkyplum
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August 04, 2017, 05:41:09 AM |
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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 This is why trading needs to be more cautious, There are also some terms that are called to traders like this who buys for now and hold it for how many weeks or even months, I think they are called long term trader, correct me if I am wrong? well because this is what I am doing too because I cannot look at the chart every time due to schedule problems so this is the only way I am trading . Have many typte trading and your mean is type trader week or month, but they not as holder for create a target and waiting it. Why I say they not as holder? Because they have some contingency plans when the price of altcoin they bought drop down to lowest price, as cut loss and buy back or accept this loss and minimize.
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arpon11
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August 04, 2017, 07:07:01 AM |
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I think the biggest problem is unnecessary price fluctuations due to the activities of pump and dump group. Though many people see this as a great advantage but I do see this as problems as manipulations is not healthy to coin market. Another little problem I do have too is slow response from my exchanger.
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Soranith
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August 04, 2017, 09:24:41 AM |
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Before when I was still a newbie my biggest problem was I get hype by the troll I read in the troll box and end up buying coins on its peak. But I have learned a lot as I go through in my journey in trading I decided not to be a day trader or a type of trader that trades in a short period of time I prefer holding my coins long term because I admit I am not good in reading charts.
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nicster551
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August 04, 2017, 10:22:59 AM |
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My biggest problem that I've been encounter is become a panic trader and believe sometimes in the troll box that cause me to loss some profits in a trading site
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Nicol3
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August 04, 2017, 12:07:18 PM |
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I think the biggest problem I had with trading/exchanging was when the trading site went down when altcoins are pumping and you could not set a sell price because it went haywire. But other than that, I usually set them ahead of time so I rarely encounter problems with trading.
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investinator
Member
Offline
Activity: 112
Merit: 10
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August 04, 2017, 12:09:34 PM |
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The one tip I can give you is sell high buy low. Maybe you have read this but I'm gonna tell you when. AT THE PEAK and AT THE BOTTOM.
Hope I helped you. Happy trading and more wealth to come.
My biggest problem is that I tend to buy high and sell low... For some reason no matter what I do the result is always the same, I end up worse than if I just waited long and when I do wait it just continues down (or up if I already sold).
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Shinpako09
Legendary
Offline
Activity: 2002
Merit: 1015
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August 05, 2017, 12:41:03 AM |
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My biggest problem in trading is my patience. Especially that i'm a gambler and doesn't want waiting to make a profit plus I didn't study well. I've tried before but I got burned easily maybe because it isn't my passion.
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ssb883
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August 05, 2017, 03:07:45 AM |
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By this hour, my problem is finding the next coin on which to invest my money. It is a bit hard doing research.
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Casdinyard
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August 05, 2017, 03:26:55 AM |
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Actually my biggest problem is when Im still new to this. I traded without proper knowledge about the exchanger. I didnt know what to do and Im starting to get panic. Good thing I have a good friend that taught me what to do and I calmed down. I realized that time that we need to have proper knowledge when trading so you wont lose as well as your coins.
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Ewinsane
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August 05, 2017, 03:25:01 PM |
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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.
My biggest problem is only one, patience. I have been lost almost 40% from my money because can't control my emotion. When the price falling down, I should see graphic price chart not sell all my coins. But it's too late, after I sell it the price comes up again. This time I try to control my self-becomes patience people, hope will happen soon. Good luck. That's my main problem too when I buy a good altcoin with cheap price, I can't wait for it to be more valuable. I instantly sell it out again and get back to bitcoin. I think you're a bit excited to have a profit brother? In first place when you bought coins you should know whether its for long term or short term. And dont be too hurry to profit or else you'll end up panicking and you cant think right as many thoughts are running in your mind. Good things happen to those who patiently wait. in very beginning when we get some profit, it really feel very good, for me when i get my first profit from altcoin trading i was really too good, and i become more excited and decide to continue trading. That must be an awesome moment for you and a feeling of victory had overwhelmed you. It is great that you are trading still and never get disappointed with crypto trading. I hope that you are also investing in bitcoins because they can get you on the top of the world within short time and with little investment.
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doomloop
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August 05, 2017, 09:02:12 PM |
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I think the biggest problem is unnecessary price fluctuations due to the activities of pump and dump group. Though many people see this as a great advantage but I do see this as problems as manipulations is not healthy to coin market. Another little problem I do have too is slow response from my exchanger.
I will suggest you taking fluctuations as an advantage than a flaw. Fluctuations ultimately lead to the buying and selling process which otherwise people would have seldom sold their coins. As far as your exchange problem is concerned, shift to some good exchange like bittrex, poloneix etc.
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bncbnc
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August 05, 2017, 11:49:43 PM Last edit: August 09, 2017, 03:05:43 AM by bncbnc |
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My biggest problem in trading is my patience. Especially that i'm a gambler and doesn't want waiting to make a profit plus I didn't study well. I've tried before but I got burned easily maybe because it isn't my passion.
in very beginning i was facing some problems but now everything has become ok and now i do not feel any problem relating to bitcoin exchange. now i can easily convert my money from bitcoin in to our fiat currency and can also withdraw it in 4 to 5 working hours.
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