Trading sucks, I'll just hold my coins

[dalek]

Trade does not require haste and the influence of emotions because of what is not suitable for everyone. I prefer to just keep coins, because this will also be a good profit because of the price increase.

This is one of the safe options in bitcoin if you are not able to take much risk. If you develop a skill to do trading then you have an added benefit which is that even in the falling market you can make money. While this benefit cannot be taken when you just invest in btc and do not trade with it.

Only holding the coin especially bitcoin not so risky, just sometimes takes a long time to feel the profits or price increases. Trading gives more profit but also puts more risk.

Holding Bitcoin still like holding cryptocurrency, so can't say hold Bitcoin will helps you minimize the risk when investing to crypto market. If Bitcoin growth in future, the cryptocurrency on market will growth too, because they have strong bonding.

[xIIImaL]

I did a bit of day trading but i never seem to time the market well, bitcoin always outfoxes me and even though my exchange has no fees, its just not ideal situation.

I think im gonna be a hodler from now on.

The market has never been good, but it's not bad either. It is important that your decisions, in business, you need a well-informed head. Making money is not difficult, but it needs your skills.

However, I noticed some skillful newbie get struggle too much since they gave skills with them. They cannot be part of any project in the forum itself. Trust is expected from every people to part of any btc related projects. Then money not difficult to earn at all.

[kafeelniazi]

trading is good if you take it as your habit, because trading need your concentration and focus.

[matchi2011]

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

[MAbtc]

Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

Over time, my risk appetite has lessened and I've lessened my exposure to short term trading. It feels good to have funds tucked away in cold storage while seeing the ecosystem grow so much at once.

We're also in a new era of regulated exchanges, and it's becoming increasingly dangerous to store funds on unregulated exchanges. The BTC-e takedown must have been an eye-opener for many.

[Kemarit]

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

I agreed. Its not for everybody. Because if you are too emotional and affected by every price swings you see, and just suddenly jumps the gun to sell whenever the price dip then trading is not for you. You also need patience in trading and look for the perfect time to dump your coins and not just based anything on FUD's around that will influence your decision to sell. So its not easy as it seems. Specially for newbie's here, who at the beginning thought that bitcoin is a quick rich scheme, go into trading and later find out that it didn't work that way. Instead sell incurred lost and wake away from trading.

[slackcryptoz]

People say that trading sucks, by the same time there are people who are successful through trading. Just holding is a good choice for the one who doesn't have the mind to take risk or who wish to be on the safer side without any loss happening. While holding need to be good going with the security features.

[starblocks]

The title of the thread contains some valuable advice that's something I'll definitely agree is a good strategy, however you'd want to research well to ensure you're not buying into scams (there's threads that highlight scams in the forum here)

Else joining a pump group or two can be VERY profitable! (joke)

[JPMoron]

I was thinking about the same amd I fpind your thread.
I just didnt knpw which to buy with my BTC or USDT.

So I leave everything as it is.
You got the point that suddenly that I found trading is too much and I am confused.
I ll need coffee now.

[2double0]

OP, the whole story gives a lesson to ^noobs^ that they should not try out their hands on something they don't know otherwise some horrible results may occur and financial losses may take place, but I want to know what did you invest your money in? There are obviously some verifiable parts here that could help you to think again before plunging into those ^pumps^ because it is meant and done to make a fool of noobs like you and many who just watch out a video over youtube about cryptocurrencies pumps and how it works, and just buy and wait without knowing a level of getting out. Greed won't let you win in the long run so leave greed or leave trading.

[Glory90]

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!

Be patient, i think a trader must have experienced it
if it has lost 50% of your capital, holding yout coin is the best choice

but you have to get to know the technology and developer, if you are convinced of the potential crypto you are holding
it would not hurt us to invest with the crypto currency that we like

[karmamiu]

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

        I totally agree with you, some people literally wants to earn instantly in trading, but as we looked into it or from some of the people having further experience in trading, holding a coin is also one of the strategies a trader can make. Never think about losing while you can still hold for it and wait for the time til it goes back or the price rises up until you gain profit and decide for it whether sell or still hold.

[Fatunad]

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

        I totally agree with you, some people literally wants to earn instantly in trading, but as we looked into it or from some of the people having further experience in trading, holding a coin is also one of the strategies a trader can make. Never think about losing while you can still hold for it and wait for the time til it goes back or the price rises up until you gain profit and decide for it whether sell or still hold.

If you do still hold off into your coins it cant still be considered as a loss since you didnt make a cut loss which is really an advantage for you as a trader but the risk is always there for you to lose up because we wont really know if the coin would still pump or not. Trading do really sucks if we do make losing trades but having these kind of losses cant really be avoided even on the professional ones do commit these loses.

[carlisle1]

trading is good if you take it as your habit, because trading need your concentration and focus.

Some people are not really for trading i suppose. Not everyone has the nose for trading and if you don't have the heart for all the ups and downs, the excitement, the losses, then better stick to holding coins. There's nothing wrong with that as well as you're almost as sure to profit anyways though not as big and not as fast as trading agressively.

        I totally agree with you, some people literally wants to earn instantly in trading, but as we looked into it or from some of the people having further experience in trading, holding a coin is also one of the strategies a trader can make. Never think about losing while you can still hold for it and wait for the time til it goes back or the price rises up until you gain profit and decide for it whether sell or still hold.

well most big earners are those who really hold for a longer period, fluctuations are the big factors for both knowledgeable and newbies if you know
how the game works then you are in and possible to earn much bigger for holding.

[Valzzz005]

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!

It depends upon the person who trades if you are going to be successful or not. Maybe trading is not just for you my friend. Just don't buy some shitcoins too if you are going to invest. And another thing, don't trust wallets some hackerscan steal all your investment. Just be happy and thankful that tou knew about this site, it can provide you money to be financially stable so don't waste it.

[themathiasmiller]

That just sux bro! I'm glad you posted this here, this just proves that not everyone can be a good trader and it can take lots of losses to be a successful one. Honestly I'm still a noob in trading I've started trading just a month ago and I haven't experience having that much of a loss but I've lose some luckily for me it isn't that big and the coins that I've invested in moon so I've regain the money that I have lost and gain profit.

[bamboylee]

Trading is not for everyone especially if you do not have the discipline to control yourself or your emotion. It needs  a lot of time to learn and to have enough experience to make decent trades. As OP said, you can just hold your bitcoin if you are not fit for trading. It is the easiest way to grow the value of your bitcoin. 

[Sled]

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!

It depends upon the person who trades if you are going to be successful or not. Maybe trading is not just for you my friend. Just don't buy some shitcoins too if you are going to invest. And another thing, don't trust wallets some hackerscan steal all your investment. Just be happy and thankful that tou knew about this site, it can provide you money to be financially stable so don't waste it.

It is not that trading is not for him, he just starting to know trading and how it works so having this problems like getting huge losses is normal but the important thing is, he know what are the things that he need to improve in order to get new ideas to use in having a better decision and strategy.

[tiptopgemdotcom]

trading is good if you take it as your habit, because trading need your concentration and focus.

Trading is not suitable for everyone imo. If you ever had trading experience with altcoins then it is better to find which altcoin covers your needs. Sometimes you cant manage your emotions,sometimes you forget your money management rules vice versa..

[LimLims]

If you don't have any knowledge of trading then best thing is to hold your coins in your wallet and sell them only when its giving you good profits but keep in mind that holding will never grow your bitcoins which is possible with trading.