Stedsm
Legendary
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Activity: 3052
Merit: 1273
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January 13, 2018, 07:48:00 PM |
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There are 2 things here:
If you trade Bitcoins alone: - You'll lose for sure if you buy high and sell low, so holding for long term is an option here as you're stuck due to the the fiat being stronger against bitcoins.
If you trade altcoins against bitcoins: - Let's say you bought an alt, it fell down 50% in against bitcoins. Don't panic, don't sell. Hold. If you're worried, sell it off at 50% itself, so not to lose more (depends on interest of investors as many coins lose their values in no time). If bitcoin rises 100%, your 50% Bitcoins will return you the same value in fiat. What you lost here is your time, but you got back your capital in full.
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JPCain
Jr. Member
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Activity: 49
Merit: 10
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January 13, 2018, 07:54:23 PM |
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People always ask me how much I have made investing in Cryptos. I say nothing, until I sell or the coins I hold become mainstream they are still a risk.
Same applies to losses I believe. If you buy 1 BTC it will always be worth 1 BTC. The currencies around may rise and fall but one day people won't say a Bitcoin will be worth $x. They will say x will be worth x BTC.
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maruf111
Newbie
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Activity: 5
Merit: 0
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January 13, 2018, 08:07:08 PM |
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recently I loss 0.1btc on trading 😞 I had 55k adc but when I saw onion is going to high I sold my all adc in 33sat but after that onion was gone down and down and adc price now 300+ sat 😞😞 huge loss
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sharted
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January 13, 2018, 08:14:43 PM |
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recently I loss 0.1btc on trading 😞 I had 55k adc but when I saw onion is going to high I sold my all adc in 33sat but after that onion was gone down and down and adc price now 300+ sat 😞😞 huge loss
At first loss in trading will be common to all the traders.I was dam sure all the traders will loss some bitcoin at the initial stage and that give him a lesson of trading.
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DoctorMoney
Jr. Member
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Activity: 63
Merit: 2
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January 13, 2018, 08:28:47 PM |
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At first I started with so much confidence the concept is easy Buy low Sell high, the thing I didn't know when I started was how hard was it to hold and watch in patience for the price to go up again, I wanted my profit so fast and I started selling once I see the call is dropping, thus losing.
Best thing to do , choose a point where you think it wont go lower, and choose a point you think it will reach eventually (higher 10-2%) put it for sale, and forget about it until it's sold, also rules : never buy when its pumping or ATH, or in a big pump, buy when you know the coin has a big support at that line, also don't sell unless its higher price than you bought in, it might be lower for a while but eventually it will go up if you bought at a low lvl.
HODL until your target is reached then you can choose and study another target.
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khan149
Copper Member
Sr. Member
Offline
Activity: 463
Merit: 251
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January 13, 2018, 08:54:37 PM |
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At the beginning of trading, there is a lot of damage.Because many people start trading without knowing well.I had a lot of damage at first.There is more loss due to lack of patience.Research on trading hopefully will be successful in trading.
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xsaints128
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January 13, 2018, 08:58:57 PM |
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You will not lose your money unless you sell your crypto, even if you buy at a high price but that doesn't mean that you buy a shitcoin at all time high which happened because of a pump and dump group. You should first start trading with a small amount to gain experience.
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Borisb52
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January 13, 2018, 09:03:24 PM |
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If you are an investor, the most important thing is not to buy shitkoins. Normal coins always grow in value after falling. If you are a trader, you need to constantly monitor the market and if the coin starts to fall, then it is better to sell it with a small minus and then buy on a drawdown than after a strong fall to wait when the price rises.
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eminemcookie
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January 13, 2018, 09:07:08 PM |
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I am a newbie, I just want to ask how exactly are you losing your money in trading? Can anybody explain how you lose your money in trading? Correct me if I'm wrong I just think that when you buy high but you sell it in low price I think you lose, right? What if you you buy it at a higher price then the price falls on the next days or week will you loss something? What if you'll just hold for it and wait for the price to bounce back? Thanks for your opinions! ☺️
Yes you described the scenarios where you can lose. If you hold and wait for the price to bounce back that will generally be a good thing to do but do not do it blindly, some coins will never recover. You need to come to terms with the fact that loss is inevitable in trading, you must learn how to manage it so you don't lose too much.
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bamboylee
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January 13, 2018, 10:26:18 PM |
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Everything is paper loss or gain until you execute a sell order or a limit / stop loss has been reached. It is easy in concept but hard to execute because of different factors. If you are not good in trading better but and just hold it in a safe wallet. If it is a good coin, it will eventually gain in value over time.
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satria33
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January 13, 2018, 11:12:42 PM |
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Noteworthy in trading is how we see and analyze the coins that we want to trading because it is very important to know the coin and must be considered the volume of trading on the coin and whether many enthusiasts, maybe it is one way to avoid losses that many in trading, I think so
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samcrypto
Sr. Member
Offline
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
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January 13, 2018, 11:18:07 PM |
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At the beginning of trading, there is a lot of damage.Because many people start trading without knowing well.I had a lot of damage at first.There is more loss due to lack of patience.Research on trading hopefully will be successful in trading.
Its very risky to start trading with zero knowledge because your money will surely loose. If you really want to succeed in your trading journey then you should invest first in knowledge because this can help you to make good money in trading. Start learning through books, blogs, seminar or have a mentor and money will follow.
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sofi@
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January 13, 2018, 11:24:03 PM |
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Of course every one can experience losing in trading we cannot help but there's really a chance that what you have choses to buy may suddenly drop after an hour or a day but what's traders do to prevent loss is that they choose the best item to buy and trade with such that they saw its possibility of appreciation and has the most promising market standing with that they can wait till the value goes up and then sell their coins for profit
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crzy
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January 13, 2018, 11:25:03 PM |
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It's only a loss if you sell at a lower price than you bought. If you don't sell and the price bounces back it is obviously no loss.
1. Never chase green candles or buy ATH. Instead try to buy the dip 2. Don't panic sell when there is a small retracement.
You may not loose the money but you will loose the other opportunity because of this mistakes. Trading is hard when you know nothing about it, people just want easy money that they think its easy. Trading is not just buying low selling high its also about timing the market. Keep on learning so you can prevent loosing money and start making money.
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rodskee
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January 13, 2018, 11:40:25 PM |
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I am a newbie, I just want to ask how exactly are you losing your money in trading? Can anybody explain how you lose your money in trading? Correct me if I'm wrong I just think that when you buy high but you sell it in low price I think you lose, right? What if you you buy it at a higher price then the price falls on the next days or week will you loss something? What if you'll just hold for it and wait for the price to bounce back? Thanks for your opinions! ☺️
Exactly your right buy in the high price are not advisable in trading job you need to focus and monitor the price when is the right time to buy N sell your coins. Yes bmate nobody can perfect in the trading job thats why have an risk in the trading my advice to you if that scenario buy coins in the highest price and suddenly dump the price hold it do not sell in the lowest price or wait to bounce back again or sell it into same price but you loss a little amount the transactions fee.
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andthereyou
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January 14, 2018, 12:17:46 AM |
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I am a newbie, I just want to ask how exactly are you losing your money in trading? Can anybody explain how you lose your money in trading? Correct me if I'm wrong I just think that when you buy high but you sell it in low price I think you lose, right? What if you you buy it at a higher price then the price falls on the next days or week will you loss something? What if you'll just hold for it and wait for the price to bounce back? Thanks for your opinions! ☺️
You will lose in trading if you trade base on feeling. Trading base on feeling is profitable only when the market is uptrend. You will lose eventually when the market is downtrend. Usually those people trading base on feeling will hold on the coins they if they lose profit in it. Then a time will come they kiss their money goodbye. They will not cut losses unlike to the traders who have a trading system. If you want to become a trader you have to develop your trading system and never let your emotion affect your trading.
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syaripudin
Sr. Member
Offline
Activity: 672
Merit: 253
CryptoTalk.Org - Get Paid for every Post!
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January 14, 2018, 12:20:43 AM |
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the first thing you should do in trading activities is maybe you should choose the right crypto for you to do the trading purpose so that you do not lose. and in principle in trading activity is buy at low and sell at high prices so if you are not exactly in choosing the crypto you buy, of course you will lose. and of course in trading you must have free time so you can more freely in monitoring the movement of crypto market.
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Fundalini
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January 14, 2018, 01:04:27 AM |
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Losses are inevitable in trading--even with a careful research and studying one can only minimize the damage. I myself, being a beginner in trading, paid a hefty sum of money in the name of learning. I just want to ask how exactly are you losing your money in trading? It's when you sell below what you've paid for
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xuan87
Legendary
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Activity: 1666
Merit: 1001
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January 14, 2018, 01:18:12 AM |
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Yes the main idea is to sell high and buy low, but how can you determine the maximum and minimum price? This is the one that keep on being studied and speculated by the senior traders, and some of the coin only go up once and then keep on dropping until no value, when you trade in crypto the only factor that drives the price is the users, and it's really hard to predict where will the investors go and there are tons of coins to choose to invest
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