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Author Topic: Why Do I Always Lose Money on BTC!  (Read 3932 times)
937Crypto
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October 12, 2017, 11:36:10 PM
 #1

OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all

Basically, I'm just going to walk the Earth
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October 13, 2017, 12:46:47 AM
 #2

OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all

My god! I was shocked at the way you handle your bitcoin investment. That is very disappointing. Do you not trust bitcoin? Do you not trust your investment? Did you just join the bandwagon without much thinking and studying about it? This I tell you, mate. Despite the ups and downs of bitcoin, it will rise and rise in the end. I can see your emotions playing your decisions. Never sell bitcoins with losses. It is very frustrating to hear.   

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October 13, 2017, 12:51:48 AM
 #3

I do not know how you made a mistake, I hope you always update the news about Bitcoin. it's hard to predict the movement, unless we do the analysis and always connect with the community to remind you. Usually the loss occurs due to panic and impatience.

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October 13, 2017, 12:59:04 AM
 #4

Bitcoin is something you should only trade in small percentages of what you have, and if you don't have much of it, it's better not even trade. You probably will not find something better that is capable of outperforming the stock market itself, so learn your lesson and have a long term thinking.
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October 13, 2017, 01:02:31 AM
 #5

OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all

Well, it is a lesson for you. I hope you won't make the same mistake again. You just let your emotions take over you that's why you chicken out when you see bitcoin at 2,900. I am pretty sure that you are not alone in this because many people who just entered bitcoin last month would have sold out also when they invested $4k+ and bitcoin went down. Maybe your option would be to just put your bitcoin in a wallet and then don't focus much on the price and you open it after a few years. Learn from this incident and accept the fact that bitcoin is really volatile.

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October 13, 2017, 01:10:09 AM
 #6

The secret is to hold, and not try to cut your losses. And I assure you, I know what it's like to be lose out and then lose out on a high amount of profit if I would've had the confidence to sit and watch.

But you're losing cause you're trying to get too involved in day to day trading, just continue to slowly buy more and more bitcoin and hopefully those coins will be worth a good amount more. That's the current trend at least.

Be patient dude, and goodluck!

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October 13, 2017, 01:23:48 AM
 #7

"What are the secrets to MAKING $$$ off this currency not just losing it all Sad"

Firstly, you lost money because you SOLD. Why did you even sold for a significantly lower price in the first place? I'm pretty sure you knew that if you sold you would lose money, and you did. You were totally impatient and you were greedy for profits so you impulse sold thinking you could get in at a lower price. Holding for 60 days is NOTHING. Be patient, don't blame your losses on the markets.

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October 13, 2017, 01:36:14 AM
 #8

OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all
The worst decision you'll ever did. Bitcoin can bounce back after the crash. What made you think selling them for small amount? You already lose huge there. Why don't you just hold them until it recovers. That's the problem when you are emotionally attached to trading. You are easily scared by the crash. That's the common mistake of a newbie on trading. But that's okay. That's normal for newbies. Atleast you learned your lessons from that mistakes.

Next time, don't just listen or believe anything you see on the news. Some news are just FUDs. Manipulators game to make bitcoin to fall a bit. That's what's happen from the recent fall.

   
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October 13, 2017, 01:43:36 AM
 #9

i really think that you did not pay so much attention to the markets lately. The truth is I do not understand how it could be that you made that big mistake. You have to know that rule number one when buying bitcoins is not to feel manipulated by the bad news from governments or powerful people, with economic influencement, because i suppose that you sold during the bad news of china.



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October 13, 2017, 01:51:27 AM
 #10

Before buy Bitcoin shoud be use technical analysis and buy on the deep. But if you buy BTC for long term investment you should be never sell it, because BTC price in strong bullish and will going up continue, this is because fundamental of BTC also very strong.

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October 13, 2017, 01:59:34 AM
 #11

OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all
You just need to be patient, don't sell in low amount if you buy it in high amount, that is very simple to do, unless you already need that money you invested. Maybe you are just investing in a short time, try to invest a money that you will never be needed in a long term. That's the money that you need to invest.



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October 13, 2017, 02:04:25 AM
 #12

OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all

Well, that should teach you a valuable lesson. If you are looking into investing in the long term, pay no attention to dips. There are no secrets, as investments always carry an inherent risk. Bitcoin is no different. You just need to understand that certain events, such as the China exchange ban, can cause a temporary slide, but that it will most likely recover as it always had in the past.

If you're trading short term, then I would say simply don't sell lower than you buy. Don't be part of the jittery masses that sell the second there is market uncertainty. It's bad business practice, and it signals that you should not be trading short term.

If you're looking into investing again, you should probably wait for the price to drop below $5000 because that's probably the lowest we're going to see for a while.

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October 13, 2017, 02:32:36 AM
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not sure if OP is venting or genuinely asking the question. However the new comers here could read this as an example of why many people should not trade, buy bitcoin. If your that bad at trading just lock your bitcoin away for years then decide to sell.

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October 13, 2017, 03:00:07 AM
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I think Op is one of those weak hands who panic selling after the China banning issue and Jaime Dimon JPMorgan bank CEO statement.. I don’t have an idea if Op is new on this investment then he might now know how bitcoin works and how not to be affected by decreasing value of it.. Take this a hard bang to your mindset that bitcoin needs patience and trust..

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October 13, 2017, 03:05:26 AM
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Don't panic sell. Don't buy high. Don't sell low. I mean this all seems pretty obvious. Why would you buy at 4400 then sell at the low point? Someone our there is very happy with your decision, but that's just how the market works. People panic and the smart ones take advantage.














 

 

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October 13, 2017, 03:06:43 AM
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not sure if OP is venting or genuinely asking the question. However the new comers here could read this as an example of why many people should not trade, buy bitcoin. If your that bad at trading just lock your bitcoin away for years then decide to sell.

For those who do not have the ability in trading may be better to hold bitcoin in the wallet for a relatively long time of about 1-3 years of course this is an investment that I think is quite safe and slightly at risk of losses, but it certainly requires patience to be able to get the benefits in accordance with the target plan.

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October 13, 2017, 03:14:25 AM
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OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all
Lol, why you sell at lower price? you do not know how to handle your investment, if you invest your aim is to earn profit. You are one of the panic seller of bitcoin which is bad habits for the investors.
For me when you invest money in bitcoin you need patience to wait until the bitcoin price will goes up and do not even do panic selling it will result what you experience. Also do more research to make you aware on volatility of bitcoin and you will not struggle in your next investment.

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October 13, 2017, 04:12:29 AM
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OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all

the price now is up to $57xx and keep moving up, we don't know until how much the price will increase but the one thing that we know, we already make big profit because of the increasing of bitcoin price. gladly, i am buy bitcoin while the price is at $32xx and i still holding my bitcoin until now and i won't selling if its not reach $10,000. this year is the best time for bitcoin to reach the highest price because we know in january, the price start to increase and even there is a big dump in few weeks ago, it will not stop bitcoin price to still increase until now. maybe we need to learn more about trading especially in how to analyze the chart and the trends so we don't always lose money on btc.
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October 13, 2017, 04:18:45 AM
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OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all
You seem to be emotional guy who just panic at a little bit of dump in the market.
Don't just go with your emotion, look at charts and try to find out trend. You should learn to be patience if you want to make any profit with crypto trading.
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October 13, 2017, 04:32:54 AM
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OVER 5300 already. I bought at 4400 and sold at 2900 within the past 60 days! What the hell. I will never figure out these markets. What are the secrets to MAKING $$$ off this currency not just losing it all Sad Thx all

It's really simple, you buy the dips. When everyone is screaming that BTC is crashing and FUD is everywhere that's your signal that it's time to buy. Also never go all in, that way you can defend your position if it starts to go against you. If you were in the situation you describe of having bought at 4400 then you should have been buying twice as much at 3000. That would have given an average entry price of 3467 and you would be sitting pretty right now.


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