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Author Topic: Why Do I Always Lose Money on BTC!  (Read 3914 times)
erik m.
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October 14, 2017, 11:07:59 AM
 #61

I don't know why you sold at such loss, but if I had to guess, you probably invested what you can not afford to lose, which is a very bad thing to do in any long term investment. There are lots of ups and downs on the road, and you have to be prepared for the worst.
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October 14, 2017, 12:13:15 PM
 #62

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

That is not how it works. You don't buy high sell low, you buy low sell high!. You should be patient and maybe before investing into something, you should do some research and take seminars in trading. Sorry for the loss buddy, just be careful next time and have a nice day.

BTW, it's Bitcoin so you should hold as long as you can.

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October 14, 2017, 12:31:42 PM
 #63

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.   

What's so surprising about this? Buy high sell low is quite a common practice when it comes to people not knowing what they are doing, what this market is, what Bitcoin is, and what trading is. This is what happens when people just blindly assume that this market can be easily utilized to make loads of profits. It will also happen with all those people who recently joined this market only because they think it will allow them to make short term profits. It's pure gambling that they do - one time they lose, and the other time they win, or they lose plenty of times in a row.

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October 14, 2017, 01:30:38 PM
 #64

you must to be patient when you try to hold bitcoin. you must believe if the prices of bitcoin low, maybe in a few weeks the prices will be raise again.. don't panic and see the situation when you want to sell bitcoin.. I hope the mistakes that you make will improve your trading skill..
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October 14, 2017, 05:35:24 PM
 #65

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 most important thing is to understand the trend and know that whatever goes down with bitcoin, comes right back up as it has a lot of support for it already. At that point you are selling, so many people are ready to buy. Once you buy at a particular price, hold on to it, if it comes down more, and you have some cash, purchase!

No loss for now as the adoption is not even much yet. Wait until the whole adoption thing gets huge and you will see how much you will gain in the next few years.



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October 14, 2017, 05:44:02 PM
 #66

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 was the the matter experience only that results into loss .Here I myself was really disappointed in this field Because I don't know much and also bought the bitcoin at high rate that was totally non understanding thing for me .
Here after the 5 year of experience I realised that it is only the patience that can give much profit .
Here trading is better option of the investment of money and make profit but to get profit with the particular coin we need better amount of  patience in our mind because mostly coins take 2-3 months to rise by price . sometimes most of the newbies in this field bought at the current price and wait to increase but at small decrease they feels much and then sell to avoid future loss with more down price .
So in this way , I would like to tell that keep himself full of patience and make better earnings with multiple coins investment .


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October 14, 2017, 05:51:44 PM
 #67

Always have patience with the btc because the volatility is so much in this that it can go either ways and if you are on right side you will make it or you will lose it. Because of this anticipating the future forecast of the price and economies are very important to understand and predict it.

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October 14, 2017, 11:59:25 PM
 #68

I am very much shock about your entry and exit levels my friend Shocked . Here it seems that your Emotions are eating your capital with bigger margin. I recommend you to Learn the trading skills and then practise them well and then try to trade with small capital first and then go with bigger capital. You cant master the trading within few days, give some time and then see the change in you. Increase your confidence and improve your Mindset by reading some great books like " THE DISCIPLINED TRADER - by MARK DOUGLAS" , which is one of the best books written for the traders for getting improve their mindset and discipline .

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October 15, 2017, 12:03:54 AM
 #69

Scared money always losses. Even when things go the wrong way you have to believe in what you are doing and have patience. Sometimes its better to listen to your heart than your head.

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October 15, 2017, 01:00:24 AM
 #70

You should have sell when the price reach $4000, then you buy when you think it is at its low, then sell now

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October 15, 2017, 01:10:07 AM
 #71

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 invest first on knowledge and gain more experience on trading, read some blogs, news about the coin so you will improved your trading skills. In this kind of market your trading skill is your number 1 weapon so invest on it and i am sure you will really make big money.

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October 15, 2017, 01:20:55 AM
 #72

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 are not only the single person in this field but I think you are that person who have no experience and no helping guys , so you bought at high and sold at low because of Panic to loss all the investment .
Here you should know that we have no restriction to buy bitcoin but we need perfect timing to sell the coin Because selling at high is a better option to make profit .
Here most of the people who are neiwbe has no idea that how the Market can fluctuate and will turn into much profit in hours .
So here my suggestion for you at this time is that buy bitcoin or any other coin and then wait until it get high , means to say that you should have lots of patience .


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October 15, 2017, 02:10:24 AM
 #73

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 should atleast hold your coin and do not panic. Remember the rule of buy low and sell high. If you wanted to really earn just be patient and wait for the right time that your investment earn a profit. Put in mind the every investment there is always a risk.

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October 15, 2017, 03:15:55 AM
 #74

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 are too emotional and not patient.
see if you bought it yesterday and sell it now, maybe you will profit big.
you are in too much of a hurry to sell it.

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October 15, 2017, 03:19:44 AM
 #75

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 see that was bad. maybe your just impatient and cant control your emotions when trading. also you need to check the price chart daily or oftenly in order to monitor the changes of the value if that coin has increased or decreased and theres no real secret on trading , some methods will work on others but will not work on you. so in short you need to figure out what really works for you and its just trial and error to learn from your mistakes.

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October 15, 2017, 04:55:08 PM
 #76

That is very sad for you. You need to be strong when you see your coin dropping especially if it BTC because chances are it will go back up again (and it did)

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October 15, 2017, 05:18:13 PM
 #77

That is a big mistake that you gonna imagine if things happen and mess up with you. I suggest to you for invetment and trading you should have long patience and totally a skills for that field because it really cost you so much money if you traded in wrong timing. Anyway you are not the only one that encountered this kind of problem, most of the first timers experienced that too.

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October 15, 2017, 05:31:11 PM
 #78

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 are buying bitcoin at the wrong time and also selling your going at the wrong time! The simple formula to succeed in this market is still buy low and sell high, if you break this simple trading principle, you will definitely going to lose money. Patient with the market is another harbit you have to develop as the way I understand that you understand the market is that you always buy coins without proper analysis and this market is not a market that you will just jump in. You have to understand how things work by practicing the market several times until you are able to shows profits. I will also advise you to always hold your bitcoin  during correction as bitcoin is still in the early stages and no matter amount you bought today you can still make profit in years to come.

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October 15, 2017, 06:36:02 PM
 #79

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 do have a weak hands. Which it is really a big mistake of yours on selling out your bitcoin on dip price.I assume you did panic the price lowers down on 2900 which suppose to be the support level and then bounce back again on 4k+ range which you would really be pissed on how prices do recover on short span of time.This would really be a lesson for you on next time you wont really do such thing again.

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Rose119
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October 15, 2017, 07:01:11 PM
 #80

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

Just a little advice to you. If you don't have enough knowledge about something don't invest a big money, just take some time to study first especially about bitcoin before you do a move. I think you're do a wrong move that's why you lost your money.

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