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Author Topic: Trading sucks, I'll just hold my coins  (Read 25856 times)
miyong
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September 14, 2017, 12:44:54 AM
 #321

This time, i just hold all my coins. The price are getting lower each day. Trading is truly unpredictable, you cannot expect what will happen.

Next time, if this things may happen again i know what i may suppose to do.

I've lost almost 40% of my investment as of this time. Waiting for the alcoins and bitcoin's price increase.

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September 14, 2017, 07:08:21 AM
 #322

U need to be extremely patient in this crypto game and don't buy without doing ur own research...
I am also patience and wwaiting the right time to sell my coins. I having a plan about selling our coins is very effective to make more money. I always researching and creating many plan for me to have a goo d decision.
You maybe right. I think this decision entirely depends on the person himself. If he is not good at trading, then holding will be the best option for him to have a good profit at the end. But for the one who knows about trading, holding will not be the appropriate option. He should go for trading in order to make more money.
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September 14, 2017, 06:02:51 PM
 #323

I honestly admire this guy. Hell yeah! leave it to the experts and make your self comfy in a hammock. It seems like buy and hold will work for you gringo.
Yes you are right I think trading is not like an easy task to do. It is not like that everyone will just come in and will start earning money by trading. Only the experts can do so and if you are not good at it, then it is better to hold your bitcoin instead of putting yourself in risk by going into trading.
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September 15, 2017, 12:26:23 AM
 #324

Trading dont suck at all. You loose all this money simply because u jumped steps of learning, u should have done with low values, and if u loose that much money and u got this pissed(from your mistake) it means that u shouldnt do this size of trade. BUT, if ur wiling to hold ur coins, good luck on this way down  Roll Eyes
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September 15, 2017, 01:31:58 AM
 #325

If you known how to trading you can win more money than hold. You will need pay some money to have some own experience on trading world
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September 15, 2017, 02:24:28 AM
 #326

Trading dont suck at all. You loose all this money simply because u jumped steps of learning, u should have done with low values, and if u loose that much money and u got this pissed(from your mistake) it means that u shouldnt do this size of trade. BUT, if ur wiling to hold ur coins, good luck on this way down  Roll Eyes

I understand if op wants it, the expertise and style of each trader is very different, if we do not dare speculate then it can hold as long as possible until the price becomes clear, it is tantamount to investing in gold assets. But it should be noted that we also have to be reactive to weak coins that can be didelist anytime by the market, we need to take quick steps to sell it.

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September 15, 2017, 06:25:32 AM
 #327

Trading can be sucks with you but they're great with others. I think your lost money in not lost actually, it just changes the owner. "Money doesn't disppear, it just transfer from this hand to others". If trading are not your advantage, you can try other business that you think you have  enough good fearture to fit with it.
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September 15, 2017, 06:58:40 AM
 #328

Trading can be sucks with you but they're great with others. I think your lost money in not lost actually, it just changes the owner. "Money doesn't disppear, it just transfer from this hand to others". If trading are not your advantage, you can try other business that you think you have  enough good fearture to fit with it.

Yeah right. What doesn't work for you may very well work for other people and other are really making big profitsnfrom trading. Its actually a good decision on your end that if you know you're going tonhave a hard time with it, stick to holding but it won't hurt to venture into trading also one more time

 
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September 15, 2017, 07:56:14 AM
 #329

When you earn your profits in trading have you ever thought where your profit is coming from? I have and I know from where I'm getting my profits, I get half of my profit from whales and the other half comes from people like OP. If people like OP always win and always earn profit then people like me would never earn any profit. I have lost money in trading as well but I know how to minimize the risks by not trading every scam coin listed in exchanges Cheesy
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September 15, 2017, 08:06:42 AM
 #330

If you known how to trading you can win more money than hold. You will need pay some money to have some own experience on trading world

That is the funniest mistake most people make, they think you need to spend a lot of money to go and learn how to trade. NO! There are lot of resources online and even on youtube where some people are willing to help newbies learn all the perks of trading to enable them to be successful. But if you don't search, how will you know? For example, this is someone on youtube and even as a pro trader, I still learn from him a lot.
https://www.youtube.com/channel/UCbcxHiowf0TSNKn3xVpGTiQ
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September 16, 2017, 05:02:27 AM
 #331

U need to be extremely patient in this crypto game and don't buy without doing ur own research...
Crypto currencies really need us to stay patient with them if we want to make big profits. It is never working to our plans or in accordance with our predictions. We really need to be as cool as cucumber to enjoy tremendous profits with bitcoins. Let’s all treat our emotions like visitors.

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September 16, 2017, 06:57:31 AM
 #332

In any way to lose 1.8k is better than 10k. Also I sincerely hope that it wasn't your last money. It's a good thing that you decided to quit, propability to earn on trading is very low

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September 16, 2017, 04:31:44 PM
 #333

U need to be extremely patient in this crypto game and don't buy without doing ur own research...

Being patient is everything, and have the knowledge to buy BTC for the long term because it's supply is key. Play with 10-15% alts if you're feeling lucky.



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September 16, 2017, 07:57:55 PM
 #334

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

Did you research these projects before you purchased?
i agree to you, dont buy any altcoin if you dont want to take the risks.
before you buy some alt you need to know about and that project before you purchased.

That's correct and if you invest in any altcoin blindly without doing any research then you will surely loose money in it so if you don't have any idea about altcoins the best thing would be to buy bitcoin and hold it till the price goes higher in future and sell when you are making good profits from it.
Investment without reseach just is gambling, you cannot call this is trading or investment.
You are also a gambler when use your money for invest to an altcoin by the promote from someone Wink
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September 16, 2017, 08:57:30 PM
 #335

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

Did you research these projects before you purchased?
i agree to you, dont buy any altcoin if you dont want to take the risks.
before you buy some alt you need to know about and that project before you purchased.

That's correct and if you invest in any altcoin blindly without doing any research then you will surely loose money in it so if you don't have any idea about altcoins the best thing would be to buy bitcoin and hold it till the price goes higher in future and sell when you are making good profits from it.
Investment without reseach just is gambling, you cannot call this is trading or investment.
You are also a gambler when use your money for invest to an altcoin by the promote from someone Wink

What you said is correct just like sports betting you have to analyse and then bet or invest because then you can know how much profit you can earn it.
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September 17, 2017, 06:57:48 AM
 #336

If you known how to trading you can win more money than hold. You will need pay some money to have some own experience on trading world

Trading is not like a game that if you want to join then you can just easily go in. It's a matter of being equip in the battle. Having enough knowledge in trading and experience is always needed here so when you really doubted yourself that you can't do trading better just to quit it and try other things.

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September 17, 2017, 12:31:54 PM
 #337

U need to be extremely patient in this crypto game and don't buy without doing ur own research...
Crypto currencies really need us to stay patient with them if we want to make big profits. It is never working to our plans or in accordance with our predictions. We really need to be as cool as cucumber to enjoy tremendous profits with bitcoins. Let’s all treat our emotions like visitors.
Sometimes it really sucks last few days were very hard for the traders and investors because of the continuous fall in the price of bitcoin due to the ban imposed on bitcoin by the Chinese government. Most of the people got panic and sold/exchanged their bitcoin for local currencies in low price which become the cause of losses. During such hard times one must not get panic, be patient and hold their bitcoin.
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September 17, 2017, 12:49:35 PM
 #338

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!

Sorry to hear about your losses. Trading can become nightmare sometimes because of the dynamic nature of the crypto currency pricing. Instead of trading, you can also try arbitraging. That means, buying from one exchange at a lower rate and selling from another exchange at a higher rate. That is an easy thing to do if you use ETH or similar token. ETH transactions are usually very fast.

I was also trading during my initial days but then I started arbitraging and the profits are just pouring in. I would not say that I did not lost a dime, but that's a rare case. So you can surely try that method to get back whatever is lost. Good Luck!

   
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keycellko
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September 17, 2017, 02:20:23 PM
 #339

Oh well. Sometimes we have to learn it the hard way. When i started trading i enjoyed it to the point where i lost half of what i invested because i base my judgment on what people tell me. From then on i didn't want to do it again. Trading is only for those who are patient and daring. Guess i'm not both.
GrayFullbuster
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September 18, 2017, 02:20:05 AM
 #340

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!
Yeah it is true. Just hold our coins for today because the progress of most altcoins are still not good. I know the right will come and that time we will become rich by trading.

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