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Author Topic: Why Do I Always Lose Money on BTC!  (Read 3907 times)
posi
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October 18, 2017, 04:30:59 PM
 #121

There is no secret in making money through bitcoin. However, the answer to your question is simple and the answer is (1) you're inpatient (2) you're unskill and you ought to ask people who know how the bitcoin trading network works before selling your coin. You can still correct mistake though cause there dip in price right now.

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October 18, 2017, 04:55:57 PM
 #122

You need to be patient a little bit in order to make good profit with Bitcoin. Don't panic and sell fastly whenever the price go down. Keep holding and wait until the price rise highly again and reach good level, then you can selling and making good profit.
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October 18, 2017, 08:00:01 PM
 #123

I prefer to use stop loss. It can help you to minimize your risks. It's not good strategy to wait when the market's price will turn to your direction.

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October 18, 2017, 08:09:13 PM
 #124

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
For now BTC is growing in awarness. So whatever price you buy DON´T sell at loss. Can you explain why you sold at 2900?? did you think BTC would dead? You must define a percentage of gain, and hold. avoid emotions.
If you buy at 6000 and believe you can sell at 6200 just hold.

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October 18, 2017, 08:12:58 PM
 #125

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

This is really an unfortunate news to tell a family member at this point in time. It is a bewildered circumstances that one would sell bitcoin half the price it was bought.

Don't you have guys who are into the same business or can't you follow up on happenings.? Anyway, I just would stop here because I have no doubt you must have realized you made a big mistake.

My advise is, bitcoin is a big business and it is expected to keep rising because is being sort for now by many people. You can still invest on it, it is not late.
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October 18, 2017, 08:19:56 PM
 #126

BTC always goes up over the long term. Even if you buy it high, you simply need to hold onto it until it shoots up again before you sell it. It does dip fairly regularly over the course of time, but in the long run, it does increase. The only golden rule is to never ever ever ever sell it for less than you bought it. Even if you have to wait weeks or months for the price rise, it will come.

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October 18, 2017, 09:38:36 PM
 #127

I think you aren't ready for this you are still a newbie, you should do your own research before you tackle trading because when you have less knowledge about it you will surely gonna waste all of your money. Make a list of chart, graph, anything with complete details that you can use to when trading.

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October 18, 2017, 09:41:26 PM
 #128

The great at bitcoin is that the price, even if it breaks in, will always rise on long term.

But this is not the case with every coin! So just invest in coins with high volumes for a long period of time, if you aren't good in finding the best time to buy/sell.

You can also invest a little amount in projects you think will have succes.

I found my gem - project. It's called DeepOnion and has an free airdrop! To be eligible you have to show some good activity. (Jr Member or higher)

Further information: https://deeponion.org/

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October 18, 2017, 09:55:47 PM
 #129

I think you aren't ready for this you are still a newbie, you should do your own research before you tackle trading because when you have less knowledge about it you will surely gonna waste all of your money. Make a list of chart, graph, anything with complete details that you can use to when trading.
Considering that all of us do really start on being a newbie and having this common mistake will most likely to happen on the start which is really a normal thing inspite of getting discourage better to learn up from those mistakes and standout to sustain on cryptoworld. If you lose up money then move on and think off that those money are cost for you to learn.This is the thing i do put in my mind when i do lose on trading.



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October 18, 2017, 09:59:01 PM
 #130

Just buy bitcoin when price is some amount decreased and buy it when you see 10% bigger price from  price when you bought bitcoin and you will be 10% in profit or buy bitcoin and wait until it grow 2x or even more but you will need wait longer then.
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October 18, 2017, 10:36:16 PM
 #131

I'm sorry for what happened to you but it's your ego of making money through bitcoin which blind you from learning first what bitcoin trading entails because the volatility of bitcoin which make you panic sell your coin is the only thing that create huge fortune in the bitcoin world.

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October 18, 2017, 11:31:37 PM
 #132

I'm sorry for what happened to you but it's your ego of making money through bitcoin which blind you from learning first what bitcoin trading entails because the volatility of bitcoin which make you panic sell your coin is the only thing that create huge fortune in the bitcoin world.
When you enter trading with bitcoin analyze the market first, and it is always buy at the dips. Stands strong, firm decision and don't let your emotions down you that later on you will create panic. In investing bitcoin always think of a wise decision, so buy at cheap and sell when price high that you can have a profit.

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October 19, 2017, 02:24:23 AM
 #133

There is no secret in making money through bitcoin. However, the answer to your question is simple and the answer is (1) you're inpatient (2) you're unskill and you ought to ask people who know how the bitcoin trading network works before selling your coin. You can still correct mistake though cause there dip in price right now.
Yeah it is now easy because it has various ways to pay the bitcoin service so buy the bitcoin and get into it, hold the bitcoin and then be the part of the bitcoin will be double and the income will be more than this, I like the bitcoin and I am sure it is the easy source of the bitcoin. I like the bitcoin money and the increasing price of the bitcoin will more than this, so be holding the bitcoin and be patient.

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October 19, 2017, 03:16:03 AM
 #134

You think why are you losing bitcoins? You've sold it for a low price and of course it's hard to handle it. I think what you need to do to avoid losing bitcoins is fighting your emotions because it brings you something to do something that is not well thought out. So next time it happens you will not do this again and you can think it will come back to the previous price

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October 19, 2017, 03:25:25 AM
 #135

I prefer to use stop loss. It can help you to minimize your risks. It's not good strategy to wait when the market's price will turn to your direction.

Yes, it will helpful to us when we are loosing the value it will benefit a lot but Everytime it is no good to loose money in trading. Trading always need patience without patience it is not possible to make good amount of money.



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Dreamchaser21
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October 19, 2017, 03:52:39 AM
 #136

I prefer to use stop loss. It can help you to minimize your risks. It's not good strategy to wait when the market's price will turn to your direction.

This is the best way that you can do when the price of coin is falling down do cut losses don't be afraid to incur some loss because a lot of opportunity out there. For you not to loose big money make your plan and execute it well so by this you will surely gain some profit over time.

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October 19, 2017, 05:06:25 AM
 #137

"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.
No people don't lose money for selling Bitcoin, but for selling it below their cost price! So if you were still composed as at the time market reversed past your buying price -$4400, why did you start panicking when it got to $2900? Most bitcoiners would rather prefer to die waiting because in between time, reversal often take place.

The secret why, you're losing money instead of gaining it, isn't far fetched. You simply do not have good enough trading knowledge and skills and without, trading is almost a losing battle. Take some break and learn aright, there are other profitable opportunities to be found ahead.

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xbugitox
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October 19, 2017, 05:09:41 AM
 #138

If you don't understand how trading/market works. Better to just hold it rather than just losing it. You're just wasting your investment. Just hold it for now and try to read some guides here in forum.
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October 19, 2017, 06:36:00 AM
 #139

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

Are you rich enough to do that? In my daily trades I'm not going to let myself sell lower than the price that I bought bitcoin.You bought at $4,400 and sell it at $2,900 what type of trader you are? I did the same mistake before but the difference of your selling order is really far from your bought price of bitcoin. Always remember that you should sell at higher price and will always buy when the price is lower. Don't forget that and bare to your mind that you are trading for the profit not for letting the exchange earn from you.
What a very lovely question to ask. The thing is so many of this guys are ignorant of what they are into and don't even understand the volatility aspect of bitcoin or what it all entails before shoveling in.

The perfect question is that which you have asked cause even in normal real life, when you are losing, you don't just back out but find what could be going wrong or something you missed out initially. If most people had the knowledge of the price movement from the onset, the panics caused by FUD will be nothing.



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DevilSlayer
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October 19, 2017, 06:41:41 AM
 #140

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
I think you don't know yet how the cryptocurrency market works. I think you should study first many information about trading, buying bitcoins and many more articles that have connect to the bitcoin.

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