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Author Topic: My first experience was Zero profit 1000% loss  (Read 222 times)
2beAmillionaire
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June 13, 2018, 10:12:15 PM
 #21

You need to accept it all,that's a part of expectations on high risks when doing investments,trading in crypto world. You should charge it to experience,and avoid to happen it again through by gathering some best strategies,and try to do it again  carefully and wisely.
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June 13, 2018, 10:25:06 PM
 #22

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Welcome to crypto world I hope now you will collect some knowledge. You will/should be more careful in selecting any crypto currency before investing into it. You should learn as much as you can, this forum is full of crytpo knowledge. Move around in different sections. Try to learn posts and participate as much as you can. Observe market trends and do take part in discussions as well. All these things will be helpful in development of a good crypto trader. 
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June 13, 2018, 11:03:01 PM
 #23

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Been there there's always a risk in every investment specially in trading cypto, had the same experience last year but worst I got scam from an ICO due to hype that I did not even bother researching cause I was new and did not expect to get scammed, so yeah I lost everything but that did not stop me. Luckily ended up in some good project with awesome returns of investment and profit. 

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June 13, 2018, 11:07:59 PM
 #24

the best teacher of one are his or her mistakes and as soon as you don`t repeat your mistakes you gain experience and become wiser which will give you something more than a money.
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June 13, 2018, 11:53:55 PM
 #25

I'm currently at 50% loss though I have made some terrible trading decisions but importantly I have learnt a lot which I will apply in my next trading.
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June 14, 2018, 03:19:00 AM
 #26

Well you should learn few things before entering the trade market, most of the the people not bother to learn the basic because they thought that they could just put the money and get lucky, but in reality the market of crypto is very risky and volatile, even the professional with tons of experience could speculate the wrong movement and lost money, but don't give up even if you are losing money, learn to become a better trader, when you gain more experience it will be easier for you to make profit
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July 22, 2018, 04:41:28 PM
 #27

That’s horrible to experience that your experience was zero profit and hundred percent  loss in this business it is proving that you are lack of knowledge about business but let this as a lesson you must learn.
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July 22, 2018, 07:37:33 PM
 #28

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)
This was your mistake. You should have done some researches and try to gain some knowledge prior to investing your precious money. The forum would have helped you a lot. But at least you learned something from your mistake which is actually a good thing. And yeah, don't give up. Try avoiding all the mistakes you have done the first time and you will be good to go.

It might not entirely be his mistake. Most times people introduce their friends and family to cryptocurrency. But they make the mistake of telling them only about the possible profits forgetting to tell them about the downtrend, losses etc. That might just be the case of OP. I know someone who introduced lots of people in December /January Crypto boom and today he can't keep his head up.

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BC.GAME
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DianaZher3
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July 22, 2018, 07:56:26 PM
 #29

For most newcomers, this story would be more useful if you could tell which coins you invested in. Now I do not quite understand what your problem was.
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July 22, 2018, 08:22:25 PM
 #30

For most newcomers, this story would be more useful if you could tell which coins you invested in. Now I do not quite understand what your problem was.
I will explain you where is the problem, with his words! Take a look:

I won't even narrate any history, I will just say it as it is.
I didn't waste much time to gain little knowledge about the market,
Next time waste a bit more time and gain more knowledge about the market before you invest your money.
It can be always green, its not profit all the time when ever you buy and what ever coin you buy. By this post I presume that op bought in december when prices were on top, later he just lost money in trying to recover cause entire market dropped, bad timing for him.
This should be a great example of what people should not do! And before everything spend more time on researching, it will worth it! If you don`t believe check what op wrote!



.
.BIG WINNER!.
[15.00000000 BTC]


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July 22, 2018, 08:32:03 PM
 #31

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)
Hope you have effective methods to correct this mistake. The first day I lost 17% when I bought OMG for $ 9. I was scared, and I sold OMG and bought the BCH. And two days later I made over $ 200 when BCH increased. Therefore, never allowed accept defeat and withdraw from this market

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July 25, 2018, 11:51:30 PM
 #32

It really happen and if your first experience was zero profit and hundred percent of loss then make it this mistakes as a challenges that  you must learned to be able to achieve your goal in this business.
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July 26, 2018, 03:43:51 AM
 #33

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)
First of all you cannot have a 1000% loss, at most you can lose 100% of your money, second your greatest mistake was trying to trade without any knowledge or experience, this market is not going to let go those mistakes and you cannot learn while doing it, the best thing is that you have not given up, take this as a learning experience and next time try to learn as much as you can before investing or trading.
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July 26, 2018, 03:57:37 AM
 #34

I used to be like you and I thought before you invest the money you have in anything you should learn and study all that is relevant to the problem you want to invest, as well. electronic money.
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July 26, 2018, 04:19:18 AM
 #35

I suggest if you want to start trading and do not want big loss, start with a small capital. trade slowly while studying.
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