alyssa85
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January 21, 2018, 01:10:43 AM |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and dominate.
I'm guessing from your comments that you lost it all by piling into get-rich-quick ICO's? The key to trading is assessing risk. It's fine to take a punt on an ICO, but you should put only small amounts in, that you can afford to lose. You don't put everything in and bet it all on the moon.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Flor1982
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January 21, 2018, 01:30:05 AM |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500 every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's the main reason this market won't be there for long. Because it's basically a pyramid scheme.
I understand your sentiment but i cannot agree to you that all projects in general are becoming a scam. Maybe there is a manipulation or conspiracy in the market for a pump and dump operation that is why we need to be always be vigilant, updated of event and always monitoring the markets so that we could ride on to their games by selling high and buy low too.
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DzasterLuc
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January 21, 2018, 04:17:47 AM |
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I'm gonna be honest with you all , i have been trading/investing since 2017 Nice, me too I'm just trying to read a whole lot currently befor I get in too deep and can't easily recover
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cpfreeplz
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Merit: 1042
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January 21, 2018, 04:21:20 AM |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all
Hahahaha what!? So you're a brand new newbie and you lost "everything"?! Haha here since 2017. Love it. That's literally months. Nicely done rofl. What was your motto? Buy high and sell low? Even the worst trader is lucky 8 times out of 10 in these constant bull markets. Let's see some proof of these trades or it's all bullshit. I don't think anyone is stupid enough to lose $110k in this market.
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dave111223
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January 21, 2018, 04:24:38 AM |
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And again a doom post about the bitcoin ending up being the opposite of the reality
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Silvermist
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January 21, 2018, 04:26:54 AM |
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For me, I wont sell everything, because Im a fan of saving. So if the point comes that I would sell, but not all so I still have the remaining in my wallet for it to grow over time.
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cpfreeplz
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January 21, 2018, 04:29:01 AM |
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And again a doom post about the bitcoin ending up being the opposite of the reality
It was more like "blah blah blah I'm an idiot and somehow lost 110k in a bull market (shorting like a moron I guess?) so bitcoin is a ponzi. Oh did I mention I started literally months ago and invested 110k? Yeah, I fell out of the dumb tree and smacked my head on every branch. I thought it was buy high and sell low. Damn."
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nndep3m
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First Payment Gateway using GoldBacked cryptocurre
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January 21, 2018, 04:32:14 AM |
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I followed your advice. I sold everything. I sold my house, my car and even my underwear. Now I'm naked in the street, writing from a stranger's phone. What do I do now?
Pick a coin you will think moon and go all in. You'll either make it or fail, haha.
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Senkuli
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January 21, 2018, 04:36:49 AM |
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honestly, I'm sorry about all your losses, but you should not feel too sad at this time, it would be wise if you try to keep the spirit and keep doing activities in the world of crypto better. now the development of bitcoin and altcoin is very good, many people who want to invest in it, but we also have to learn and find out about the currency of this crypto before we invest, so we can get a good profit and do not lose.
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Magister Magus
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January 21, 2018, 08:19:58 AM |
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Well, someone wins, someone loses, this is the market. If you don't like the risk, invest in mutual funds. However, sometimes after a big loss you can win again and recover your losses. If you quit, this won't happen
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Anonylz
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January 21, 2018, 08:29:29 AM |
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Congratulations, you have just discovered how the real world works, you clearly know how the corrupt politicians are doing their bussines right now. Do you think that they earn legit money? No, of course, it is all laundered money or just stolen money, indirectly from the people. And there is nothing new with that. This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that
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lienfaye
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January 21, 2018, 08:36:24 AM |
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Well thats life you cant always expect that everything is on your side, losing is part of trading but it doesnt mean you dont have the chance to make profit again. If you enter in this kind of investment, keep in mind that it has risk and theres no assurance for your money to grow, its better to expect the worst rather than counting already the amount you expected your capital would be.
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william1135
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January 21, 2018, 09:45:07 AM |
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The market is starting to warm up
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Cryptophorus Columbus
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January 22, 2018, 12:44:03 PM |
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Trading can be a permanent source of frustration and regret, and you need to learn to control your emotions. Then, you have to choose: do you want to quit, and to lose everything, or do you prefer to analyze what you did, learn what you have to learn, and go on? It's up to you
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NeuroticFish
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January 22, 2018, 12:52:53 PM |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
From what I understand you are very new and didn't understand what's all this about. It happens. Next time learn more and understand the ecosystem before investing in it. The fact you've lost some money doesn't mean that everybody did. Also it doesn't mean that the ones have Bitcoin for years just sell it to take advantage of newcomers. They'd be already left without Bitcoin if they'd do this on daily basis. Since you are this new, you missed the point that the enemies of Bitcoin - especially the banks - have way better traders than you and they still make money off Bitcoin trader wannabes (you included) and now you help them even more, possibly for free. Since you are this new, most will (or at least should!) ignore your advice.
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Nasty23
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★Bitvest.io★ Play Plinko or Invest!
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January 22, 2018, 12:59:42 PM |
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Well thats life you cant always expect that everything is on your side, losing is part of trading but it doesnt mean you dont have the chance to make profit again. If you enter in this kind of investment, keep in mind that it has risk and theres no assurance for your money to grow, its better to expect the worst rather than counting already the amount you expected your capital would be.
Correct don't expect that everything is on our side because sometimes we need to let others in order for them to gain a profit and because of that losses we teach ourselves to do must better strategies and improve our skills in trading so that we don't repeat those losses again but earning a good amount of money.
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linyhan
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Early Funders Registration: monartis.com
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January 22, 2018, 01:08:10 PM |
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The market is starting to warm up
Hopefully, cause the market is still suffering by the downside of almost all coins., hoping the market will recovered soon. My eyes are crying when i see my coins in red.
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Nichijou
Newbie
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January 22, 2018, 01:12:09 PM |
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The market is starting to warm up
Hopefully, cause the market is still suffering by the downside of almost all coins., hoping the market will recovered soon. My eyes are crying when i see my coins in red. And a lot of ICO were made in the previous and thats whats making the crypto world complicated, because surely there are some of them that became a scam and was reported to the SEC thus affecting crypto. But we have different styles and we are the risking our money. Some became rich and some became poor. It just deciding where to put your cryptocurrency.
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Idrisu
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January 22, 2018, 01:12:35 PM |
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This is not the first time this has happened and manipulation exist in all human systems! We just has to be truth to ourself that bitcoin has performed very well in 2017 and many of us has make good profits by just holding. The problem that many of us have is that we thought bitcoin will keep going up and a little correction is now seeing as manipulation. I think this coin has great potential to grow and it might go as high as $60,000 by this time next year. Selling your bitcoin at loses is a sign that you buy at a wrong time.
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Shishir99
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January 22, 2018, 01:22:26 PM |
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500 every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's the main reason this market won't be there for long. Because it's basically a pyramid scheme.
I agree with you on some facts. Yeah Market manipulation is going around and whales are doing these things. And it is not new in this market.But after the start of Bitcoin futures we are seeing aggressive manipulation in market.So we have to be very careful in trading.
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