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

[Intersan]

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 .

Yes this is true, I already experienced panic selling. When my first time in trading, I don't have no idea how to do trade my coins to other crypto-currency, and this is my big problem. Since I have no idea on how to trade, so the other problem is I have no idea which exchanger is legit and have a good price. That time I need a money so instead of studying of trading I make a request to my friend to trade my coins even the price is low because of financial needs.

[PokerFace3]

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 bitcon exchange.

It would be more helpful if you specify what were the problems you are faced in your beginning days because only for that reason this forum and all our discussions are here. If you state your bad experience that will be helpful for more number of people who are just start their trading.

It is good you are not currently facing the problems with trading but it is common all the beginners are facing problems. When you will be sharing our experience it might lighten up good path to many new people.

[bohr]

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 this is a mistake in your strategy, when I buy a major coins I know that I’m going to hold for months or years and I will get out when I think the price is way up and then wait for the price to come down it is a simple strategy but it works, but when I buy an altcoin that is relatively new, I’m ready to sell at any moment and grab whatever profits that I may get.

[Mpamaegbu]

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.

Even you OP seeking to know what challenges other traders face didn't state what yours is. So, how does one help you out with suggestions and solutions? Anyway, I think generally, traders should get a hold on their emotions while trading. That's my advice or how do you explain the scenario of those who sold off their bitcoins in panic before the fork? I am sure they are in regret now.

[azguard]

Current problems are that btc-e is down and poloniex is having bad times with several coin, users are not happy with this.
So mainly problem are exchanges overall, hard is to find good one. And what then to keep them on exchange or to keep them on wallets.

This is individual decision. But before this speed and key factor on exchanges, lack of speed and transaction confirmations.

[JPMoron]

Common problem is the price of coin
I loose some and get some

I have to learn alots here.

[Exotica111]

The biggest problem that I've been encountered is the exchanging some coins in the wrong time that caused me to missed some profits that can I got when I get the correct timing of buying and selling of some coins

[figmentofmyass]

Current problems are that btc-e is down and poloniex is having bad times with several coin, users are not happy with this.
So mainly problem are exchanges overall, hard is to find good one. And what then to keep them on exchange or to keep them on wallets.

This is individual decision. But before this speed and key factor on exchanges, lack of speed and transaction confirmations.

it's not just that it's hard to find a good one; it's that none of them are good. they all have major drawbacks. btc-e was probably the best exchange for trading engine/API and features via metatrader. but now the FBI is after them, so there goes that.

meanwhile, coinbase API is unusable half the time. the site (or individual markets) go down constantly when any volatility occurs. i'm really disappointed with the "regulated" options. why are they so much more illiquid, with worse trading interfaces and features?

[bohr]

Current problems are that btc-e is down and poloniex is having bad times with several coin, users are not happy with this.
So mainly problem are exchanges overall, hard is to find good one. And what then to keep them on exchange or to keep them on wallets.

This is individual decision. But before this speed and key factor on exchanges, lack of speed and transaction confirmations.

Another problem for many traders was that coinbase refused to give them their BCH and now has agreed to do so but until next year, if there were doubts that we needed decentralized exchanges I think this should erase those doubts, we need decentralized exchanges as soon as we can or we are going to be held hostage by the bad service of centralized exchanges.

[babysweetTiger0401]

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 think when I bought a coins at the expensive price then after a days past its all of sudden dropped the price of that coins, I didn't know that when I buy, it was pumped only. Then I didn't take back my capital I sell it with  a cheap value price.

[btcdiggingmaster]

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 think when I bought a coins at the expensive price then after a days past its all of sudden dropped the price of that coins, I didn't know that when I buy, it was pumped only. Then I didn't take back my capital I sell it with  a cheap value price.

I think it is not wise decision to buy them at when the price of altcoin is pumping because sometimes suddenly the price of altcoin will fall down. So it is not good in trading and at the same time, you also need to have a lot of patience in selling those coin for a higher price.

[orions.belt19]

I guess it would be when regretting the decision right after selling when the price suddenly shoots up. This is why sometimes, I don't like checking the price after I make an exchange because it makes me feel bad when I see that the price has gone significantly higher, and I could have gotten more had I waited a little longer. It's really hard to find the right timing, and I guess in the world of trading and exchanging, you are just bound to win some or lose some!

[LeGaulois]

I lost a little money with trading due to the facts

1) I am in hurry : watching the price every hours to see if am making money
2) I make confusion with trading fees: I forgot to take the fees in consideration
3) not even sure if I am making money with a bitcoin price changing every minute

So at the end, if I am looking to make money, I think it's better (at least in my case lol) to just keep holding my bitcoins (since the value keep increasing) without getting the troubles to think about this and that and avoid the stress.

[suvo05]

Lack of knowledge is the biggest problem I have faced and most of the people faces. When there is a lack of knowledge then emotion comes to play we buy at high and sell at low ,we can't overcome the panic situation and ended up losing.

[Tungsten-1]

I guess it would be when regretting the decision right after selling when the price suddenly shoots up. This is why sometimes, I don't like checking the price after I make an exchange because it makes me feel bad when I see that the price has gone significantly higher, and I could have gotten more had I waited a little longer. It's really hard to find the right timing, and I guess in the world of trading and exchanging, you are just bound to win some or lose some!

Yes! In trading you can’t win all the time. No matter how smart you are, you are bound to lose. Indeed you are not always lucky enough to figure out the right time of selling coins, but by setting up some targets and after achieving them, you could be satisfied. So always have some target for your coins.

[Itjoker]

My main problem is that I can't exit (sell) on time

[yvesp110]

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.

Well i hate the name of altcoins addresses they required many things and many verification so what does it mean by anonymous currency i would like to say a big no to altcoin. My first and last priority is bitcoin and it will be because it can be create easily and can be transfer easily without any verification and after segwet2x I'm very happy because of that as well.

[Whosdaddy]

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.

Well i hate the name of altcoins addresses they required many things and many verification so what does it mean by anonymous currency i would like to say a big no to altcoin. My first and last priority is bitcoin and it will be because it can be create easily and can be transfer easily without any verification and after segwet2x I'm very happy because of that as well.

Where and what kind of verification you are talking about ? I heard some new projects are asking documents even we try to invest with their ICO. I underrated it is kind of breach on basics of crypto world anonymity protections. Still I too do not understand why people go for that.

It is always good to have bitcoins for holding as well for trading as it comes with less hassles. We can enjoy our freedom always with bitcoin.

[BobBct]

It would be the fee, if not the traffic (slow sending BTC)

[bohr]

I guess it would be when regretting the decision right after selling when the price suddenly shoots up. This is why sometimes, I don't like checking the price after I make an exchange because it makes me feel bad when I see that the price has gone significantly higher, and I could have gotten more had I waited a little longer. It's really hard to find the right timing, and I guess in the world of trading and exchanging, you are just bound to win some or lose some!

Yes! In trading you can’t win all the time. No matter how smart you are, you are bound to lose. Indeed you are not always lucky enough to figure out the right time of selling coins, but by setting up some targets and after achieving them, you could be satisfied. So always have some target for your coins.

This is something not many people get to understand, you are not going to win every trade that is impossible in life sometimes you are going to win and sometimes you are going to lose that is the way things work, as long as you win 55% of your trades then you are going to get some profits when you trade if you can push up that percentage that is even better but I would consider that the minimum necessary to become a successful trader.