Am I the only one this unlucky during my entry into investments and crypto?

[mR.k0fka]

just buy promising projects and hold
promising are big like iota, ada, etc, eth, btc, ... this ones will go up for sure in the future

day trading is for people with big money, so they can make daily profit of few thousands $ and keep the same amount of BTC

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[Chan8]

Wow where would someone with crypto beginning telling plenty of stories of how they lost money.
Sellings coins at its low and suddenly price spikes. Ive bought hardware for mining and a few weeks spike of price in the coin i liquidated. By double or triple fold. Lose money there.
Trading coins, thinking that the new coins  you traded for was going to make you money, but the coins that you traded ends up going up in price.  Or how about just liquidating some coins to make ends meet, or to spend. But after a few days or week you see the coin you liquidated start spiking in price.
This is very common in cryto. Get used to it and be satisfied with your sell price.

[chocopapaya]

Wow, your approach seems pretty stressful.
There's already a whole bunch of good advice but maybe I can offer some insight.

I would advise that you change your mentality from lucky/unlucky.
It's not gambling or something like the lottery, through careful research and knowledge of crypto economics, you can make some really good informed decisions that will give you returns on your investment.

This is the great wall that most people are not willing to climb.
But I can tell you from personal experience that it is well worth it.  It makes investment much more rewarding personally and also financially as well.

The other advice I can give you is that you approached day trading totally wrong.
Trading in one coin by attempting to buy low and sell high is never going to work because in the long run the value steadily increases.
You need to make smart purchases of altcoins when they are low, sell when they pump, then use the btc or eth you earned to trade in a different coin when it is low.
Through this, you can increase your capital, cause in the end it is basically more btc everyone is after.

Also, 1 eth is not nearly enough to make any kinds of good returns.
Look at your finances, and decide how much a month you can put into crypto and build your portfolio up.
You will never see huge gains unless you put more in.

Good luck!

[topesis]

I think you are consistently  buying at the top, you need to have a better trading strategy than this, investing or trading require discipline and one of the things I found out is that some people over do it and get burnt long run

[Barbarian]

it's casino and every single thing out there is stacked against the little guy. if it isn't developers themselves, it's pump and dumpers, if it ain't them it's the exchanges and last but most it's your own panicky mindset.

it's pretty incredible how many people here run straight into day trading when they don't have a clue about what you really need to be a success at it. the best you can do is find a coin you believe in, set a price that you'll sell at and wait. even then that's a big ass bet.

I agree, day trading is one of those things that can leave a lot of money but only 1 in 100 gets those results, maybe my bitcoin is not going to multiply overnight with that strategy but I'm not going to lose it either, by just following that conservative strategy I have been able to get some bitcoin, not a lot, but at least I have not lost my bitcoin and my profits come mostly from the crazy rally bitcoin is having in the last months.

[Kocret02]

no, there are still a lot of people who experience unluckly in cyptocurrency world, because maybe someone suffered losses at the time of trading, lost due to hackers or failed projects. so you are not alone

[deloreswest]

Lol stop doing daytrades.

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

yes i completly agree. investing for a weeks and for a month is the best way to invest. doing trading for a day will make you lose money and even so you gain some its not going to be good cause you would lose some causr what in your mind is gain and cut lose

[cryptotitan]

If you dont know how to do technical analysis dont do day trading,you will lose all your money theres a lot to learn before youll be familiarize to the market.

[JTTech]

I've made some mistakes along the way and have seen others make some big mistakes as well. I would follow what others are saying and stay away from day trading unless you are very well versed in it. You'll stress yourself out to the max constantly trying to trade. Holding is your best bet for most. Do some research and find projects you feel will succeed and stick with them long term.

[krayzie32]

haha, I think there are many people like you. Because trading is never an easy work. In my experience, if you are not good at technical skills, behaviors psychology and finding the news, you should not trade, let choose investment.

[Acguy]

You start small and build up. Your investment should be relative to the risk your taking.

[Hammonds]

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 think you are trading in a hurry, trading will be more profitable if we want to be patient and wait. and try to do some research into coins before investing.

[Thardz07]

Actually i made a mistake too. I bought ETC in recent days in the price of $28.5. But now its a massive dump and falled down to $22. Almost 50% of my funds are lost. But i keep holding the coins, maybe next week it will pump up again.

[Zerosk]

Don't worry, in the beginning it can be hard to invest in the right coin or ICO, but in time you will get the idea and start making better decisions.

[nakauten]

This is the main problem of the newbie investors they dont do research before investing to anything,trading isnt just buy low and sell high,you need to do technical analysis to get an accurate trade results.

[Attilaloe]

Don't do daytrading until you get a feel of the coin, of markets in general and have firm control on your emotion. Swing trading is way safer in crypto.

[stfN2128]

This is the main problem of the newbie investors they dont do research before investing to anything,trading isnt just buy low and sell high,you need to do technical analysis to get an accurate trade results.

Yes, of course. The easiest way to get some money is do some research, watch YouTube Videos from some cryptoguys, if you found interesting coins, do your own research an then invest for longterm. For me the easiest way to make a great profit.

[sukamasoto]

That's why cryptocurrency consider as risky investment and it's bad for short term trading.
IMO, bitcoin show a good profit if you invest it for a long term as you can see bitcoin growth over past 7 years, it's grow exponentially !

[sparg]

I wanted to start my post with "I did the same". but i think that 90% of us did the same at the point they entered this world. The fact is that the changes in prices in cryptoworld is very dynamic and for a user  with no experience this is very dangerous. Thats why before you start trading you should learn for a month or two. I`ve learned this from stock markets where if you want to have a chance you should learn for at least 6 months by reading and reading.
For start the safest way is to be a holder and follow some basic rules like never invest what you cand loose , dont sell at a loss, never move youre entire portofolio, dont do any panic sales, dont buy when it`s on top, learn how to spot a correction (thats the best time to buy).

[honeyduckgoose]

Welcome to the world of day trading, I would suggest you hold onto ETH and maybe only invest 5-10% into new alt coins. Either way, hold onto those as well for profit. selling quickly rarely pays off in a big profit, you will just make a small short term one.