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ngacengan
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September 21, 2017, 07:19:41 AM |
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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!
yes of course if you can not do short term trading the right choice is to play long term, safer because not too fooled by the price in the market. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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batang_bitcoin
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September 21, 2017, 07:21:06 AM |
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This is what I've telling to the people that are asking me about trading that if they don't know what they're doing, they must study about it first. They are thinking that it is an easy thing and they will have an assurance that they'll get more than their capital. I'm sorry for your loss, that's a total of your 6 months lost and if that happens to me I will definitely suffer and can't have a good sleep for several months. I had an experience of lost but not that this much.
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mriansa
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September 21, 2017, 07:25:47 AM |
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in the world of trading the key is a patience, if you can not do that then you will lose, and if you take action to hold the coin up to several years to come it is a good action like investment.
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Duogembrot
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September 21, 2017, 07:30:06 AM |
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do not be a very emotional person so trading people should be patient, patient is the key to success.
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carlisle1
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September 21, 2017, 07:31:21 AM |
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This is what I've telling to the people that are asking me about trading that if they don't know what they're doing, they must study about it first. They are thinking that it is an easy thing and they will have an assurance that they'll get more than their capital. I'm sorry for your loss, that's a total of your 6 months lost and if that happens to me I will definitely suffer and can't have a good sleep for several months. I had an experience of lost but not that this much.
we need to learn not only from perceptions of other who made it successfully but also learned more precautions before trying to do it with an actual balance like what all of us here which already experience such loss we learn from the hard ways. |
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Tecumseh666
Newbie
 Offline
Activity: 19
Merit: 0
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September 21, 2017, 08:46:38 AM |
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NO trading mean you must to loss and loss and loss till get high income
just smile and learn for next time
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LazyBitInvestor
Full Member
Offline
Activity: 350
Merit: 101
Your professional profile on the blockchain
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September 21, 2017, 10:41:33 AM |
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Holding is the best strategy for a longterm investment strategy. Maybe you can`t sell at x2 and then buy at x0.5, but during the time - different coins can give you much profit for just holding (x10 and more).
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BaraxLo
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September 21, 2017, 08:30:47 PM |
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yes trading sucks. i'll hold my coins even if the price going down. i'll make my decision because most of my friends told me that everythings gonna be alright and everything will be back to normal soon. i guest my friends is right. i wait for the time that my coins goes rise to highiest price and time to sell it.
It is not suck at all. It is because you do not know how to trade appropriately. There are many people making money with trading without any problem because they have learned many things before accessing to the trading world. if you want to earn money from trading, you have to learn. Do not expect that you can easily make money from it. It is not gambling  Make sense. Crypto trading is not like nay video game you just sit on sofa and start playing with drinks and snacks. It is a hard thing as it returns some good amount more than any other. So for more profit you have to work hard, more than normal. Do not fell heart, be patient. |
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xaxistech
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September 21, 2017, 08:33:05 PM |
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For trading it is better to do forex trading, cryptotrading is so risky, and you can face to a lot of losses. I am still trading with crypto, but only when i see good opportunities in the charts with some altcoins, but obviously that holding coins is 1000% more profitable that being 12 hours a day sitting in a chair waiting for making a profit of 5% to close an order, that is not fair.. This is why i prefer forex for trading
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batang_bitcoin
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September 21, 2017, 09:00:45 PM |
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This is what I've telling to the people that are asking me about trading that if they don't know what they're doing, they must study about it first. They are thinking that it is an easy thing and they will have an assurance that they'll get more than their capital. I'm sorry for your loss, that's a total of your 6 months lost and if that happens to me I will definitely suffer and can't have a good sleep for several months. I had an experience of lost but not that this much.
we need to learn not only from perceptions of other who made it successfully but also learned more precautions before trying to do it with an actual balance like what all of us here which already experience such loss we learn from the hard ways. The thing is those people that are seeing others success with something or specifically with trading, thinks that it is an easy thing. "Oh, that guy earned a lot from trading and I should invest with it." if you know what I mean, these people really doesn't want to know but they only want to make money. Trading is investing and the risks are there and if you are not prepared and ready for it, just don't invest. |
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Crypto-in-tha-blood
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September 21, 2017, 09:14:52 PM |
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I gave up on trading a while ago. I suck at it. It's just easier to hold your bags and wait for the eventual rise. Most projects do it, you just have to be patient. Hell, there are at least 4 projects I was invested in over the last year that if I would have stayed with them instead of trading, I'd have over 1 million USD. It sucks, but such is crypto.
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Rebisco
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September 22, 2017, 03:35:03 AM |
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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. It is true that holding coins in a long time makes more money and btc. I do long term investment and I earned now many money because of that. Long term investment is really effective. |
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wurth
Sr. Member
Offline
Activity: 331
Merit: 250
Blockchain Just Entered The Real World
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September 22, 2017, 05:48:14 AM |
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This is what I've telling to the people that are asking me about trading that if they don't know what they're doing, they must study about it first. They are thinking that it is an easy thing and they will have an assurance that they'll get more than their capital. I'm sorry for your loss, that's a total of your 6 months lost and if that happens to me I will definitely suffer and can't have a good sleep for several months. I had an experience of lost but not that this much.
we need to learn not only from perceptions of other who made it successfully but also learned more precautions before trying to do it with an actual balance like what all of us here which already experience such loss we learn from the hard ways. Let's think to new scenario can happens on the market, do not let old scenario make you forget the whales always change their move. If you can predict the trend of Bitcoin easily, you are rich man, not like now speculating difficulty about it.  |
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the rise
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September 22, 2017, 06:41:15 AM |
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This is what I've telling to the people that are asking me about trading that if they don't know what they're doing, they must study about it first. They are thinking that it is an easy thing and they will have an assurance that they'll get more than their capital. I'm sorry for your loss, that's a total of your 6 months lost and if that happens to me I will definitely suffer and can't have a good sleep for several months. I had an experience of lost but not that this much.
we need to learn not only from perceptions of other who made it successfully but also learned more precautions before trying to do it with an actual balance like what all of us here which already experience such loss we learn from the hard ways. Let's think to new scenario can happens on the market, do not let old scenario make you forget the whales always change their move. If you can predict the trend of Bitcoin easily, you are rich man, not like now speculating difficulty about it. I do more active speculation, I try to earn daily trading profits from various coins, I only hold the coins if it is feasible to hold because it is still in development stage, if it could be better added, holding a coin is typical for a passive trader or afraid to take risks, and I am on the opposite path, we must have style in every business. |
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Landagert
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September 22, 2017, 07:29:42 AM |
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You should have open a demo account first or at least if you wanna do it for real, start small first.
Don't just dump almost everything into it and expected that nothing goes wrong and things goes as planned. And consider also the fees for trading every time you executed an order, small amount have small fees, and huge amount have huge fees.
So prime advise is: start small, even if you have loss, the loss also small. And you can learn from your experience. You just need some experience i guess
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KEPLER99
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September 22, 2017, 10:31:14 AM |
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Well, trading is based on true experience of course. You can't just expect that you would be on par with other people who have real experience in trading. Without proper skills, you could be in a bad situation. I suggest that you should pay real close attention to the economy and try to build as much experience as you can from small investments. I think what you should change is your attitude toward the market. Be patient because its all what it takes to be successful especially in trading. When the value dumps, you should find the reason why so you could narrow down what will happen in the next few weeks. Again, try to be as patient as possible.  goodluck Sometimes, trading really sucks because of price fluctuations but you can’t take it your mind that you have lost everything, may be your today is bad but you can plan for tomorrow. One more thing you have to do is to hold on your bit coins and wait for the right time to sell them. This is the reason I am never ever in favor of trading with big coins such as bitcoins because it is full of risks or probably you can call it educated guessing. You need a lot of experience and knowledge before trading successfully. Holding bitcoins for profits is far better than doing trading and going in loss. |
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noninum
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September 22, 2017, 12:25:17 PM |
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Trading requires maturity of analysis as well as diligent learnings. No instant successful trader, they experience bitterness in their journey to become a successful trader. However, holding coins still better, because we still have hope to make profit when one day experience a surge in value.
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hilarypolar
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September 22, 2017, 01:42:56 PM |
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I just started trading and you are right, is not easy and sometimes you have to be lucky. In my country is the same thing, 300$ dollars is the average salary, so losing money in dollars or euros is very painful. My advice is that you shouldn't put money that you are scared to lose in an exchange, because anything can happen. it will definitely crash one day, and recover as well, so better just to use money that you don't really need, good luck holding your coins!
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Mr.Hans
Newbie
Offline
Activity: 5
Merit: 0
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September 22, 2017, 01:53:14 PM |
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Hello everyone, i am a trader looking to buy large amounts of BTC / ETH / LTC Anyone who wants to sell at the market price please contact me: robert.arneil@yahoo.comWe also trade Bitmain Antminer. Thank's Robert |
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nl247
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September 22, 2017, 02:05:12 PM |
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Trading can only suck when you rush into it. I am not a very good trader but from what I know, you cannot just rush into trading thinking it is a ball game. There is more to trading than just prediction. Without the proper knowledge, it is apparent that the same way a wannabe trader rushes in is the exact way one will rush out just like what just happened to the OP. Being a Doctor is not for everyone, engineer is not for everyone, trading is a profession and it isn't for anyone as well. Learn first, before making an attempt and your first attempt after learning should not even be with too much funds.
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