Trading sucks, I'll just hold my coins

[remedcu]

The OP had a really tough day, huh?

I myself sometimes kicks when I trade, as now when I look back, some of the coins I have bought a ton are now valued 50 to 100 times.

But still I do trade, do you know why? Because only some of the coins have reached that potential, for all the others, it is just some rise.

I am not an expert trader, but I book my profits most of the time.

And if it goes down after the rise, I buy again depending on some aspects.

And if it goes up, just move forward.

Trading, either in stocks or in crypto, make some rules, and follow it.

Some of mine are:

1. Not to get emotional
2. Book your profits
3. DYOR
4. Even though we can read charts, market is mainly handled by humans, so we can't be 100% sure, that's why they are called predictions

And even if we can see the future, we cannot be sure that coming back to the past and buying it will result in that certain rise you saw in the future, as there's a thing called butterfly effect or ripple effect.

[steamon]

Holding in crypto is one of the best investments you can make there are more coins coming lately with passive earnings that are way better than any bank can offer you. We are living in the future. When the public gets this offer we are in it for years and solid. Then we will profit from the masses that's how I see it. Kinda cool to think about. Test it? Ask around to your friends and family I can bet not even 10% is in Bitcoin or any other crypto currency. When the official fund's step in that were the fun begins for us.

[msmin]

what are the criteria to distinguish promising projects from bad ones?
for instance, would you invest in this banana plantation project? if no, what would drive you away? Thanks for your brainstorming
http://bananacoin.io/

[lol3c]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

[justdimin]

I never recommend trading with bitcoins because one small mistake can make you deprive of the most expensive coin available in the crypto market. Besides when we all are aware of the fact that bitcoins are in limited number and increasing in price day by day, it is stupidity to trade with bitcoins.

You might be missing great opportunity of earning big money through bitcoin trading. Bitcoin trading is not recommended only if you are not yet prepared well for a high volatiles market situations otherwise it is highly recommended way of making bitcoins. I'm not claiming bitcoin trading is an easier one as it is our responsibility to get into with required skills. When you will be having skills for bitcoin trading then you can make definite big money.

But my point is, instead of risking bitcoin, you can earn better with some other methods. Trading is always unpredictable so I suggest to go for it with possible low risk opportunities. Instead of trading I am always recommending to go for long term holding like investments with bitcoins because that will be definite profitable.

You must accept that trading is not for all the people but other kind of earning opportunities like investments with bitcoin will be suitable for anyone.

[TheGreatPython]

You’re not the first person i’m seeing actually saying that trading the market sucks and would rather keep the coins than trade with it. Come to face it. Trading the market isn’t actually for the light at heart. It is for the experts who are ready to take the risk.

[coin_1122]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

Yes, I agree with you many people want to become rich with in short period of time but they will end up in loss due to because they don't experience about trading. Op need to spend a lot of time on the trading market in order to get knowledge about trading.

[mrfreezeh]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict)

[flower1024]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict)

We need to sacrifice something to make money. You have big investment then no need to sacrifice your health just invest money and wait for a couple of years. Or you want to become a day trader then you must spend a lot of time in trading. Ofcourse it will spoil your life by giving many shocks per day. You can able to control your tension then it will be possible but not sure.

[The_prodigy]

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!

There is nothing wrong with holding your coins. Some do pracice and find success in it. However I also think that you can miss and overlook somethings if you just hold your coins as there are some pros in trading that cannot be replicated by just holding your coins.

[Malsetid]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict)

We need to sacrifice something to make money. You have big investment then no need to sacrifice your health just invest money and wait for a couple of years. Or you want to become a day trader then you must spend a lot of time in trading. Ofcourse it will spoil your life by giving many shocks per day. You can able to control your tension then it will be possible but not sure.

A good alternative would be to just keep your btc in your wallet. Some traders easily make mistakes when doing day trades and its understandable due to the spikes and drops in altcoin market prices. If you're not experienced enough, you'll be emotionally pressured to react and more often than not, it doesn't turn out well. So just hold your coins if you don't think you can handle the pressure of day trade

[KennyR]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

Hehe, honestly day trading always better than holding in long term about profit and base price, however your health will decrease after long time working with day trading (because your emotion easy affect if the price of altcoin you trading not happening like your predict)

Day trading is high risk involved, but it's highly profitable than the long term holding. Long term holding  provides a profit based on the difference between the buying and selling with time change. With trading the small marginal change providing regular profit gives an increased profit when calculated as a whole.

[Backupnime]

i have the same case with now i holod shit NXT coin withworth that $1500 because market going down so deep.

[ahmia39]

Market never had mistake, the wrong is ourselves. Trading relies on money management, timing, and conditions. Analysis movement and trends and make sure our understanding of coins we traded. Most amateur traders are in a hurry to make buy or sell order, due to inadequate analysis. But i believe, over time and your understanding increases about trading you can enjoy profits flowing from trading.

[nethan1btc]

you must not have enough knowledge before starting trading. I have seen many people becoming rich thanks to trading. You need to spend more time to learn about trading before getting use to it. well, holding your coins is not a bad idea, but you will lose a chance to earn even more money

Yes, I agree with you many people want to become rich with in short period of time but they will end up in loss due to because they don't experience about trading. Op need to spend a lot of time on the trading market in order to get knowledge about trading.

That's right better knowledge should take place most of the time, because you might fail on your decisions particularly those time of doubts while the price decrease happens you cannot sell into good profit as well. I really feels disgusting when the price showed negative signs of drops and that hinders us to sell our coins in a right price which is so stressful. Long term solutions will be the right thing to do since, most of the profit experiences from different traders really have their better feedback about holding for so long months or even years.

[orions.belt19]

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.

I hope you haven't lost all hope in trading, I think that you'll learn a lot from the experience that you've had. It's definitely hard yet profitable. I understand that the amount you've lost is huge, but losing comes with the risk of trading. Trading is not for everyone and there will always be a risk in it. I haven't tried it out because I don't think I'm ready and I can't afford to invest and lose money. So as of now, just been holding my coins as well with the hopes that will appreciate after some time.

[asyakashi]

i have the same case with now i holod shit NXT coin withworth that $1500 because market going down so deep.

I suggest to do backups on the base price, if you do not do it then you will incur big losses. Maybe you will not suffer losses on condition that you have to hold for several weeks ahead. This is a matter of time, you throw it away by doing hold.

[ivanst776]

Trading sucks because bitcoin is going to the moon and the exchange rate is dropping down so you don't make any profit in bitcoin.

Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.

[Gobeller]

Trading sucks because bitcoin is going to the moon and the exchange rate is dropping down so you don't make any profit in bitcoin.

Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.

I tried bitcoin and altcoin trading many times but I didn't have success in trading. It's a taft job and requires high experience. Not for the amateurs like me. I will just hold my coins long term after all.

[angaper]

Trading sucks because bitcoin is going to the moon and the exchange rate is dropping down so you don't make any profit in bitcoin.

Maybe the value can be the same but you can notice a loss if you only hold the bitcoins.

I tried bitcoin and altcoin trading many times but I didn't have success in trading. It's a taft job and requires high experience. Not for the amateurs like me. I will just hold my coins long term after all.

I know that the altcoin trading is quite different from Forex trading, where I have traded for several years with good results, but despite my supposed experience in trading I have come to the conclusion that holding my coins along these months involved in this business would have been much more profitable than trading them, so I have also come to think that I must value and respect my bitcoins and not risk them or exchange them for shitcoins.