Trading sucks, I'll just hold my coins

[Qunenin]

The biggest mistake while you are watching huge price increase to read the people opinions in the chat or telegram groups. People are talking crazy things and they to much excited to think clear, logical and follow their strategy. If you unexperienced trader it's good idea just hodl strong assets like BTC or ETH for long term.

Exactly, this is why most people will fail, they listen to the others with crazy goals instead of setting their own personnal goals

I think the best one can do these days is to hold the bitcoins and that is by all means the best trade of the moments. All the altcoins are down and they will remain down unless and until bitcoin is stabled. So there is no point doing altcoin trading now. The best thing here is to hold the bitcoins.

[dimonstration]

The biggest mistake while you are watching huge price increase to read the people opinions in the chat or telegram groups. People are talking crazy things and they to much excited to think clear, logical and follow their strategy. If you unexperienced trader it's good idea just hodl strong assets like BTC or ETH for long term.

Exactly, this is why most people will fail, they listen to the others with crazy goals instead of setting their own personnal goals

I think the best one can do these days is to hold the bitcoins and that is by all means the best trade of the moments. All the altcoins are down and they will remain down unless and until bitcoin is stabled. So there is no point doing altcoin trading now. The best thing here is to hold the bitcoins.

fir me you have the assurance of holding bitcoin, why we all know how good bitcoin is and it is more tested than everything else cause bitcoin are much better you can get profit also in trading altcoin but if you are much profitable to holding bitcoin then you may do that for your safety and your profit also.

[shinchan123]

Trading does suck at times especially after a huge loss. It requires a lot of research and patience; of course, you also need to have a mind set that risk is always present when you do trading. Don't let a bad experiences stop you from trying again. Best tip yet is to hold onto it as much as you can. Nowadays, making profit with alt coins is very difficult apparently due to decline in value. That is the part where your patience is need and simply wait for the next pump.

[ivrynx]

I agree, since this was also my reaction during the first months of trading, you just need to get a hang of it and it will be easy in the long run, you can watch tutorial videos on youtube, just do not follow one person, try to follow or watch them all, then do what you think will be beneficial for you, if you are still having a hard time try using bots for your trading, and while doing so, make sure you still study how to become a successful trader, don't just rrly on bots

[Mrmuricy]

I traded today for the very first time with the Litecoin high. I got around USD200 profit with a small amount of money just to feel how it would be. I could have gotten USD300 dollars for the day but I was greed and didn't take the money hoping it could increase my profit so I "lost" a little bit.

It was a very emotional process during the day. I lost focus during work monitoring Litecoin ups and down through the day. Luckily I work on a computer so I can do both, but I can tell it takes a lot of time and energy.

I want to find a nice balance because we can easily lost track os everything else just monitoring the market.

I was pleased with the results though. The harder part for me was choosing the right time to take the money out when it's high. When It's low I've no problem holding and waiting for it to be better. Anxiety was high during all day though. With what I earned I already reinvested in another coin that I plan to hold for a mid/long term.

I liked trading I will continue to explore this world, but I got scared how it can "dominate" your mind. It's like an addiction. I don't think I will be doing this everyday.

[Denamen]

see this topic long time ago. And I wish I can do the same thing like you. just hold. buy many coin then I check coinmarketcap every tick and lost money

[Neerajkumar]

Its good to just hold your coins then to trade as trading may require more attention where to invest how much to invest.Thats a bit good in case of coins same like your btc,the price value is going up high and high without yours work.Its will be better to hold coins than to trade..

[hritevanz]

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!

Trading is sucks if everyone experienced lost of money. But on the other side, it is very fun due to it's challenges and capabilities that you will double your money if you are doing it right. Losing money is not fine and it will turns you to be emotionally drained but you should think that it's all part of being a trader because for sure that the expert in trading made a mistake before they achieved how to deal with this process. Watching videos on you tube will help a lot in order to be more confident and get back to become a trader again.

[Genemind]

I believe that it all actually depends on what you are comfortable and confident to do. If you feel that trading is not really for you, then I'd suggest that you quit because you'll end up not being successful for most of the time. Investment is also good as long as you have a continuous income that'll support your investments.

[clarkt]

Trading is lowest form of gambling! It is win or lose! Though the process of these two outcome might be different! I will encourage you not to give up on trading! There will always be good and bad. Take the bad with courage and good will come your way soon

[michkima]

Just let them be. If these people want to trade, who are we to stop them when in fact they are using their own money? Trading, holding, gambling and others of like nature are all aimed at profiting higher than usual. Its just that their ways vary. These people have preferences and it is paramount to work on your money in the manner you are most comfortable with.

[Pansamantala]

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!

Trading can make us rich so it is not a good idea if we will quit trading. I always saying to myself that I can be successful trader in the future. I believe that I can do it if I will exert an effort.

[Edsemen]

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.

I agree, somehow trading is just a matter of how you bring it on in the feild of some projects, infact trading for is the best way and a big possibility that you can earn bugger if you trade some of your coins. But to think you need to hold it for a while ang hunt for the better opportunities so that you can have what you wanted to earn. Its all about you in everything you done. If I were you read some ideas in forum . Don't suck.

[sana9826]

Holding altcoin? if you hold litecoin or ethereum, it will be good choice, but if you hold the deceiving coin then see you in loss. it's not the right time to hold useless altcoin, better to sell all of them then hold your btc to get much profit in the future, some coins are potentially dead, think twice before make decision dude.

[Theb]

Trading is lowest form of gambling! It is win or lose! Though the process of these two outcome might be different! I will encourage you not to give up on trading! There will always be good and bad. Take the bad with courage and good will come your way soon

Trading is not purely a win or lose situation, unlike gambling which if you lose all your money will be loss. In Trading when your asset is below your purchase price you will know that what you see in your portfolio is just paper loss and you won't be incurring that loss until you sell it. You have 2 options right there one is cutting you losses which mean you are avoiding further damage to your capital or 2nd is to average down your asset which is a good option for adding more position at a cheaper price.

[BitcoinGirl.Club]

I pretty much said the same thing about trading because I did not understand certain staff, things like how to read candlesticks ,charts and all that and what kind of coins to trade in.. but now that I have an understanding of how its done I want to grow my coins and I look forward to trading each and every day....but holding coins still works and its safer and has less risk to it.

[onebtcforlife]

Trading works to people who are holding the coin as long as they can because in trading history holding can give you good profit. As per my experience i will always hold the coin until my desired target is reached.

[Baitcoin]

Would it be better to trade altcoins or just bitcoin?

[Sand King]

What do you think will be the best move to make profit here in the forum ? Trading or investing ?

Well for me investing is the best move to do to make many profit rather than trading, i'll say investing is more good because i dont even great or expert on trading, so i am just also holding my coins because trading making me feel that i am not good on it, so i do more on investing rather over than trading.

[cicciobtc]

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 that nobody can improvise as a trader without study and experience. certainly it is easier to lose money without the right skills.
but by studying and with the right tools, in addition to a good self-control it is possible to make profits with trading.

as you said correctly, if it were easy we would all be rich.