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Author Topic: Am I the only one this unlucky during my entry into investments and crypto?  (Read 1296 times)
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November 21, 2017, 09:54:29 PM
 #21

I believe the secret is sticking with the strategy you choose.
If you want to daytrade, then set up some rules for yourself so emotion won't take te upper-hand. Else, hold...

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November 21, 2017, 09:55:40 PM
 #22

Happens all the time man. Best thing to remember don’t invest what you can’t afford to lose. I’ve made bad trades but habe also made good trades. It’s best to hold coins for a while for bigger profit. One thing I’ve learned is NOT to chase the candles. I personally like your approach starting small to learn. Before you know it you’ll be making trades making descent profit. Stick with it and learn from your mistakes.

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November 21, 2017, 09:57:04 PM
 #23

it seems like you want to get rich quick
but you are just a beginner and a bit of experience.
no need to rush to sell and buy altcoin.
need research and do not easily panic and carried away emotion.

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November 21, 2017, 09:57:44 PM
 #24

Stop trying to daytrade and just hold your coins. Keep buying a little bit more with what you can afford each month and you'll see your stack grow back in no time! Trading is for experienced people only, and even those constantly end up losing as well.

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November 21, 2017, 10:00:14 PM
 #25

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day  and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way  for the whole day. Earlier today, I managed  to sell it when bch hit 1250, and then i bought back almost the same amount at 1230.  I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>
I'll tell you about my experience in the cryptocurencies , in the beginning I've invest in a kickico and I lost the half of my money I was so angry from this bad decision, then I decide to recuperate the money that I have lost with another investment so I've invest in paypie which is now from the top 100 now my money was doubled and the price is keeping to rise , so don't be upset keep trying don't give up.

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November 21, 2017, 10:01:01 PM
 #26

Buying some books and getting into the basics would save you money.
However even if you get some knowledge + experience and won't be doing trivial mistakes, it's still not easy to multiply your BTC (by >1 of cource:). I mean it's relatively easy to make some profit in USD on growing market, but making profit in BTC is takes A LOT of skill and sometimes luck.

Dr. Alexander Elder says in his book, that a very good result for the first year of trading is not to give up and not to loose more than 10%. For second year it's good if you get the same you started with. And only third year of daytrading you can hope to make some profit.

So Hodl your coins and it'll save lots of time, nerves and cash. And rather likely than not you'll get some profit.

And a little bonus to support you. Here is the poll about cryptotrading.
https://goo.gl/forms/3XVfqoendEXSVl7E2

You'll find out the results when you complete it.

I did one in one russian telegram channel and got over 150 responses from traders. 65% didn't make any profit. And 70% out of the successful part are trading less than 3 months. So this might be just a luck. Let's find out how things look here on bitcointalk!

Naw man you're not, and if this is the case you should just stop investing into other cryptos and hold your BTC. You will be much better off and live a less stressful like because you will actually make money and you do not have to waste time looking at charts so you can use your time and energy to make more money. This is what it is all about for newbies, or how it should be anways.


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November 21, 2017, 10:03:38 PM
 #27

Sounds like you want misery to keep you company.  lol

I haven't exactly been unlucky with crypto, because I don't do a lot of trading--I think most coins other than bitcoin are complete garbage and aren't worth owning even for a millisecond.  But I've owned quite a lot of fiat dollars' worth of bitcoin since I started in 2015, and stupidly I ended up selling it or spending it all.  And we all know exactly what happened since 2015--prices have gone through the roof.  Had I held onto all of that bitcoin, I'd have more money than I've probably ever had in my life.  So yeah, I regret doing all of those trades.  But if you trade bitcoin for shitcoins, you get what you deserve.  Buy-and-hold is the only way to go in my opinion.

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November 21, 2017, 10:59:33 PM
 #28

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day  and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way  for the whole day. Earlier today, I managed  to sell it when bch hit 1250, and then i bought back almost the same amount at 1230.  I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>
You were not unlucky, you simply did not know what you were doing, and then keep making the same mistake over and over again, you need to stop and avoid trading for the time being, read a few books about trading and trade with the minimum amounts possible in the exchange, make small trades and see if you get a profit, if you do you may now trade with larger amounts.
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November 21, 2017, 11:11:57 PM
 #29

Thanks everyone, I have taken all your advices and feel hope and better about this. I will become a hodler once I buy back. Hodling life suits me. And especially on low amounts, day trading gets me no where really. I was just doing for experience but it seems like I have got enough now lol.

The worst mistake when trading is making panic buys and sells because you made a trade 5 minutes ago and now the price is going the wrong way. If you are going to trade, you need to zoom out on the charts to get some perspective, and you need to understand why a price is changing and have a good idea of whether it will continue that way to give you a strong possibility of a good exit point to make a decent return.
I think I made similar mistakes to you when I started. Another thing to mention is if you are trading a coin against bitcoin, then there is not just the movement of the alt to take into account, but also bitcoin movements against fiat too.


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November 21, 2017, 11:14:13 PM
 #30

If you day trade and sell while you are losing, and do the same thing repeatedly, certainly you will get broke. I also do day trading but that is just for fun. What ever loses i have, that is part of the gamble and learning. Those amount i invested are just small anyway and i got a mindset that whatever i put in in day trading, those are money considered as lost. If you want a sure gain, choose a nice project and invest on it in long term. Surely its price will rise. Go for ICOs, I suggest.

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November 22, 2017, 01:47:45 AM
 #31

Look, back in 2014 I have put several thousands of $$ in cryptos and everything that could go wrong went wrong. When my investment shrinked to almost zero and I was a bagholder of useless coins I took a pause of a few years from cryptos, but didn't sell. 3 dollars worth of Solarcoin which I then had in a forgotten wallet are now worth 2000$. And other coins as well. Time fixes things in cryptos.

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November 22, 2017, 04:27:19 AM
 #32

Look, back in 2014 I have put several thousands of $$ in cryptos and everything that could go wrong went wrong. When my investment shrinked to almost zero and I was a bagholder of useless coins I took a pause of a few years from cryptos, but didn't sell. 3 dollars worth of Solarcoin which I then had in a forgotten wallet are now worth 2000$. And other coins as well. Time fixes things in cryptos.

Wow that is a good story to other people who may have coins that have dumped to near nothing, best to just hold it and see what happens, I think in your case you were very lucky that some of those like Solarcoin revived.

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November 22, 2017, 05:21:48 AM
 #33

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day  and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way  for the whole day. Earlier today, I managed  to sell it when bch hit 1250, and then i bought back almost the same amount at 1230.  I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>
Unlucky at the beginning is a process. Hope still exists if you learn and can control emotions while trading
For beginners I suggest to trade top 10 coins,analysis before trading and try to HOLD because it's hard to get rich with daily trade.

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November 22, 2017, 05:29:56 AM
 #34

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day  and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way  for the whole day. Earlier today, I managed  to sell it when bch hit 1250, and then i bought back almost the same amount at 1230.  I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>

Boy, do we all have these moments in the beginning.

I assure you that this is something that everyone will have to go through sooner or later, and it's good that you're learning from these experiences. Heck, you're lucky that you're not even losing your entire portfolio. At one point earlier in my bitcoining career, i invested in some pump and dump coin on yobit and basically lost 95% or more of my investment.

My advice is to hold for the long term. SHort term, cryptos are way too volatile. Select a few cryptos and hold them till at least 3-4x profitss roll in.


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carlisle1
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★YoBit.Net★ 350+ Coins Exchange & Dice


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November 22, 2017, 05:31:10 AM
 #35

Lol stop doing daytrades.

Buy and hold for weeks or months or even years and you ll see more profit.

Totally agree! Personally, I'm not all for short term investments, I prefer the longer investments, they are more profitable imo.


thats the better thing to do.as you see your not that lucky in daytrades and so eager to gain while the reality is your losing.so why not try to do long term investment .because ETH has a god potential and will increase value in a couple of months.just learn how to wait in crypto patience is the key to succeed

danielwwt
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November 22, 2017, 05:46:51 AM
 #36

well if it wasn't for you, all these holders wouldn't make money
tricialugtu
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November 22, 2017, 07:20:48 AM
 #37

I have 3 tips for you.
1. Do not sell the etherium until it grows to 400, 500 dollars. Sell ​​with a profit of 10 dollars - this is beneficial only for large volumes.
2. Coins that are not so popular, sell at a fall of 20%. Or do not sell at all. Leave them to grow up.
3. Be patient. I bought coins about half a year. I wait when they grow. Patience is important.

This is really helpful! I will keep these in mind! Thanks! Smiley
babsjoe
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November 22, 2017, 07:32:08 AM
 #38

You are not unlucky, you are only been tutored and prepared for life in crypto space. If all the stories you have heard of are that of unlimited and easy profit, I'm sure your exoerience has already burst your bubble. You will be alright with time and you will make money!

27_Mikhail_27
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November 22, 2017, 07:52:43 AM
 #39

I address to the author. Before you go and trade on the stock exchange, you need to have either the knowledge to skilfully make a forecast, or insider information to know what will happen next with the crypto currency. In addition to this, you have newbie errors, such as "buying on the rise." Well and the main thing - to panic it is impossible! So, rather "temper"! Here you need a "cold" head!

yndye
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November 22, 2017, 08:06:14 AM
 #40

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day  and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way  for the whole day. Earlier today, I managed  to sell it when bch hit 1250, and then i bought back almost the same amount at 1230.  I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>

You are not unlucky but it is just part of your trading journey and I believe many traders who are profitable traders now have experienced something like this one way or another. It's good that you tried trading and experienced it than just looking at the sidelines afraid of taking a position. This is a lesson for you and you should have a strategy and follow it like I will buy at this price and then sold at this price and if it goes down then you should already have a strategy that if it goes down to a certain percentage, will you sell it or hold it? There's a lot to consider before entering a trade. Do not over trade just because you sold at a loss because you will end up with more losses if you are being emotional when trading.

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