Trading sucks, I'll just hold my coins

[rremus91]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

[1714934366]

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[1714934366]

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[HughCaires]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

I just started trading too but I'm trying for long term gains. Were you attempting a pump and dump? If so, I'd avoid that for now and stick to solid investments like BTC or ethereum. They are pretty safe and you can still gain 20% in a week if you monitor trading sites vigilantly. Don't give up man. Let's get rich.

[Beerwizzard]

Well it is too late to give you any advise. At least you have understood your mistakes (the biggest one was to start trading) and you on't do it anymore. Now just try not to buy any shitcoins (100% sure that cryptoinvestment is not yours), do not store your BTC online and other simple rules.

[glutoken]

With anything, dont invest what you cant afford to lose.

Did you research these projects before you purchased?

[shield132]

One of the biggest trust I have read here, thanks OP for sharing your opinion here, I think this thread must be pinned to avoid seing crying faces of another unsuccessful traders.
Man on youtube people took videos to earn money from youtube ads, no one cares on your pocket. Also to become good in trading, there are many demo platforms to play with points.
Also holding isn't option here but it's better if you want more guaranteed profit, just need to learn waiting for long time.
I advice you to forget that holding and trading if you lose, save nervous and your health.

[Filmmmakerr]

Everyone on youtube is bumping coins they have shares in, I've stopped watching those videos long ago.

To the OP: I hear you man, can't invest anything you're not willing to lose. At the end of the day investing is gambling.

[iluvpie60]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

You made yourself lose money by selling.

You were being greedy and thought you had to cash out or something? Why did you sell and make yourself lose though? What coin was it?

The first rule of trading is to not lose money. If you would just hold for awhile the price would likely go back up.

[NathanJB]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

This is a great advice, mate! There is a skill needed for trading. You simply cannot assume that everything's pretty simple. A trading skill in crypto is not learned overnight. But, just the same, holding is a good option. Just hold some other alts also, not just BTC. Perhaps you can also hold ETH, Waves, and some others.

[crocozino]

i wish you good luck and maybe bitcoin will rise to 300,000$ or some and youll be rich and quit the 300$ job.

[Darker45]

i wish you good luck and maybe bitcoin will rise to 300,000$ or some and youll be rich and quit the 300$ job.

Bitcoin is definitely hitting that 6-figure in dollars. You just have to wait for a few years and it will come. I hope you bro will earn what you deserve. Cryptocurrencies trading is not for everyone I guess.

[Doms]

You can just charge it to experience and maybe try to learn from it. Crypto trading is never an easy thing despite what others are claiming. Not only must you require patience and a goos understanding of what you are getting into, but the risks will always be there especially for the alt coins that only serve as pump and dump instruments. I was also into a bit of trad8ng before but since I found out that I can't devote too much in it, I just decided to hold my coins and let it appreciate in value over time.

[CrowdFunder]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

I think most people who get into trading thinking they will earn a lot find that they earn more from just holding. I have heard stories like yours a million times, the only way to earn money in trading is for others to lose which means you have to be better than professionals to do it successfully. When the price rises on the other hand everyone wins because more people are entering the market.

[pdpanzer]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

Very honest, humble piece of lesson learned, that requires self reflexion, honesty and bravery in a sense. Thanks for sharing. It's refreshing to read something so simply our of the heart and with not other intent that maybe save a few -or many- but making them a little bit more cautious. Thanks OP. Read the other posters advise, especially, don't hold everything in empty promises coins, avoid youtube "instruction", and if you want to, you don't need to give up. Just play with "play" coins for example HitBTC has a play mechanism and is very friendly. It doesn't matter if you WIN or LOSE money there. It only matter if you can UNDERSTAND what happened and why one thing goes up and another down, to the point where the movements are a consequence of something that's much more understandable. But this is more like a hobby. Since it may not even be fun to 99% of all, the best is to save for a house an rent it. It has worked like for millennia and will continue to hold true in the future.

[sylance]

Yes, it can be very tempting to start trading when you read all these posts about buying low and selling high and how money is raining from the sky.  I love when they offer that like it's sage advice, like it's simple.  But pay attention... 99% of the time that advice is offered it's commentary on past events.  It's easy to look back and say I should have sold on June 11th when BTC was $2950 and again it's easy to say I should have bought June 15th when BTC was $2000.  Of course it's easy to know that afterwards.  Lastly, never trade anything of value that you're not comfortable loosing.

[jamids]

You can just charge it to experience and maybe try to learn from it. Crypto trading is never an easy thing despite what others are claiming. Not only must you require patience and a goos understanding of what you are getting into, but the risks will always be there especially for the alt coins that only serve as pump and dump instruments. I was also into a bit of trad8ng before but since I found out that I can't devote too much in it, I just decided to hold my coins and let it appreciate in value over time.

Trading is never an easy thing. They say just buy low and sell high but the question is when can you say that it is the low and it is the high. Yes there are technical analysis to speculate that it's the right time to buy or to sell and it does work but not all the time especially in crypto trading when you think that it is the support or resistance already but it continues to go up having new lows and new highs because of the pump and dump thing. The safe way is just to hold your coins since the trend is increasing though there are fluctuations during the day the important thing is it is going up at the end of the day and all of us are hoping that it continues.

[dunfida]

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

Sad to hear that pal. Actually i do have the same experience as yours when i was still a newbie but i didnt give up directly even though i lost big amounts because i know that this thing could able to make me profits for long term. Self study and experience would really mold you up as a better trader later on and this is just a common mistakes of a newbie. Buy low sell high its just really the fundamental or basics of trading and as you said its quiet damn hard. I would like to know on what coin you did invest?

[Eclipse26]

Well it is too late to give you any advise. At least you have understood your mistakes (the biggest one was to start trading) and you on't do it anymore. Now just try not to buy any shitcoins (100% sure that cryptoinvestment is not yours), do not store your BTC online and other simple rules.

Exactly it will serves as a lesson to you and that is also good because now you know on what you must and musnt do. Always be careful so that youll regret it in the end.

[CryptoBoomers]

Your first couple hundred trades are you just learning what's what. You just got invaluable experience and chances are you now know a bit more re what to do and what not to do. Best bit of advice from me is TSE = TimeShiftsEverything, just because something is going down, don't panic sell, chances are this is what you/most noobs do. Hyper trading and selling once you're downtrending each time. Try doing things the other way around next time. Get in on coins that are on a low not a high and climbing, and just wait it out (or only assign a % of your port so you're not stuck with one bag losing value quickly).

I had to lose a lot too in oder to learn from my mistakes and now I do very well with daytrading, having VERY short trade sets, mid-term-holds, and longs. If you swing trade with your whole pot, you're bound to get too greedy and bust.

[cpfreeplz]

It sounds like you didn't research, you never traded before but you saw the hype and wanted some easy money. A smarter idea is find good projects, invest some money and sit on it for 10 years. If it's really good other people will take notice too and it'll go up and up in price.

[DaddyMonsi]

Trading is not for everyone. Its easy to say "Buy Low, Sell High" but its actually easier said than done. if you are a first time trader then it is likely that you will commit mistakes and even those who are into crypto trading for quite sometime now still commits mistakes, so dont blame yourself. Get some more patience and have fun trading.