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Author Topic: crypto is probably the cruelest business I was ever into!  (Read 160 times)
tonmoycrypto (OP)
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January 11, 2018, 09:26:16 PM
 #1

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!
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January 11, 2018, 09:34:44 PM
 #2

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

That is probably the best option for most people, since trading is incredibly hard. I tried it a few times, and I still try it from time to time, but on the majority of the occasions I end up closing my trade with a loss, only to find out hours later that what I was trying to do would work, if I had waited a little longer. I would definitely had more profit if I just had hold the coins. The problem is that I see it as a game and I actually enjoy it, so I will probably keep trying.
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January 11, 2018, 09:36:26 PM
 #3

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

Well it is happening to everybody in here, do not be surprised.

I have been passing through a lot of problems during the last few weeks because i was sooo depressed about ZRX, i had thousands of them, and i sold them all at $0,30, and i bought them at $0,15 each.

It was a huge profit, i mean x2 is not a little amount.

But two days after i sold them all, it sky rocketed to $1.

I didn't knew what to do after that..
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January 11, 2018, 09:39:09 PM
 #4

The returns just buying and holding a few quality projects have been amazing over the last 7 months since I got in.  

I sucked at trading stocks, so I just learned to research and buy things I believe in with a long term horizon. I works for me, because I decided a long time ago was never going to be a good day trader.
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January 11, 2018, 09:40:39 PM
 #5

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

It depends on your risk appetite. There are some who enjoy the ride, treat it as a game and don't think about what could have been. If you are not a professional trader, you shouldn't read too much into how your portfolio moves in the short term. Buying and forgetting about it seems like a sound strategy.


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January 11, 2018, 09:42:08 PM
 #6

Well it might be because you are not still adapted to the market, but it is true, if you do not know what you are really doing in here, or if you are just not taking in consideration what are you investing/losing, it would be a mess.
I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

I prefer to invest only as much as i can afford to lose, because it makes me be confortable and i do not have to be stressed all day long.

I do not know, but for me, it works great, and of course that investing for a long term is much more better.


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Chris314
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January 11, 2018, 09:42:53 PM
 #7

Yes it's hard to trade cryptos in short term because they highly fluctuate. Better invest in the long term on coins you believe have some potential to grow.

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January 11, 2018, 10:02:08 PM
 #8

Calm down. You just need a lot of experience to manage your emotions and make decisions in trading. Not one coin, but our ability to analyze the market and take advantage of every moment that needs to be improved. Moreover, the rise and fall of the price of cryptocurrency is a natural thing.

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January 11, 2018, 10:09:46 PM
 #9

if you r gambling than yes where as if you are doing with proper research than it is one of the best business
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January 11, 2018, 10:27:20 PM
 #10

If you make it a business or i mean seriously you will really be depressed most of the time and disappointed. There are other ways to earn from your bitcoin.. if your are tired of trading, try holding it for long, maybe it will make your smile again as you see the graph rising.

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January 11, 2018, 10:36:12 PM
 #11

Haha, that's a funny statement - and you are partially right, but not completely. It is true that everything is so extreme in cryptos, and that can be cruel. But look at the ordinary maistream finance. That's not cruel, that's EVIL, which is much worse. I personally like the "cruel" world of cryptos Smiley

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January 11, 2018, 10:46:25 PM
 #12

Haha, that's a funny statement - and you are partially right, but not completely. It is true that everything is so extreme in cryptos, and that can be cruel. But look at the ordinary maistream finance. That's not cruel, that's EVIL, which is much worse. I personally like the "cruel" world of cryptos Smiley

That is actually the best statement ever - except for major deliberate media hacks(twitter etc) to spread FUD and make inexperienced people loose their money, that is also evil. (And it is not good for market, just the few who win). People get scared from entering into crypto then - instead of learning by small mistakes they get trapped in an all consuming trap.

 Think about all the work the lobbyists are doing to prevent the government from protecting the consumer from bad products by hiding lab results, clear evidence etc.

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January 11, 2018, 10:56:52 PM
 #13

Cruel??? I think you are just cruel to yourself. It is very simple:
1. Buy and set target profit (x10 - x50 -x100)
2. Hodl
3. Ignore hesitation
4. Hodl
5. Stop that urge (addict!)
6. HODL more
7. No panic, it is just a dip/correction/crash
8. Hodl like hibernation
9. Yes its x2
10. Hodl until target profit is reached
11. Sell, then start to forget en never look nack but enjoy your gains (losses don't exist in this game).
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January 11, 2018, 10:59:39 PM
 #14

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!
That's what happens when you want become a trader and don't do a bit of research. You can't just get into trading blindly expecting to win some quick money without some proper skills and a bit of knowledge of the market and they cryptos you invested in, otherwise, all you're gonna do is gamble and wait for the best.

Also, it is normal to feel fear, excitement, frustration, anger, dissapoinment, etc, since the market will always test your emotions in some extreme cases, but with time you'll develop the ability to act consequently to the situation no matter the scenario (market crashing or sudden surge in the price).
So don't worry, it happens to everyone who wants to start their adventure as a crypto trader, you now have a bit of experience, so if you're feeling confident you should probably try it one more time, but remember to put the money that you can afford to lose.

.
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January 14, 2018, 01:07:22 PM
 #15

It's not really Bitcoin's fault. It's having those characteristics to be useful and for us to enjoy it's capabilities.
Yes it is volatile but do not forget that users are mainly the factor causing it move aggressively. Businesses and investors just help us to calm down knowing that it will not go flat ZERO.
Back to the topic, well, trading is hard and I have tried it once. I had 15% profit from my small capital and never returned. I felt risk that everyone it talking about. And just decided to just put a small business.

With prices going pump and down, it is very furstrating.  Lucky enough for those who are skilled at trading.
Don't give up man. Try to observe more. You will get it next time. And try not to put it all in.
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January 14, 2018, 04:44:05 PM
 #16

It's cruel for those who trade with less knowledge.  By the experience we learn how to trade. With little knowledge of market if we do trade we most of the time end up in loss. Always do trade with multiple confirmation and learn some chart analysis. For me crypto market is good so far.

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January 14, 2018, 04:52:30 PM
 #17

Well obviously you commited such a huge mistakes on it and received a big loss. My opinion on that is have a neutral emotion to avoid being depressed. Here's what im trying to say, when you gain on it dont be happy nor sad same with if you loss dont be sad nor happy, its just a matter of controlling your emotions who knows your loss today will be a lot gain tomorrow ? I'm not into trading but i see how you traders are ranting about it so i did research
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January 14, 2018, 04:54:42 PM
 #18

What did you expect? Vast amounts of money, the internet, quasi anonymity, no trading laws, no laws about much at all. I'm surprised it doesn't start stripping the skin off your body the moment it crosses your mind.
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January 14, 2018, 04:58:24 PM
 #19

I was ever into! At some days it makes me smile ... the other days it makes me depressed. So many mistakes ... Thinking to stop trading. Just invest in a few sure shut coins and never fucking ever look at the graphs again! Hough!

It is just part of the cycle, and you need to understand that there are always bearish trends on all the markets, not only on cryptos. The same happens on forex, on the stock's market, on everything that has price changes. It is how it works.
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January 14, 2018, 04:59:31 PM
 #20

You have discovered why so many day traders kill themselves. Most people (other than the very lucky) fail miserable at trading. You would have a better chance of survival being a prostitute working in an HIV ward than being a day trader.


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