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Author Topic: This can be addictive!!  (Read 3750 times)
Targusluxe
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January 29, 2018, 02:01:49 AM
 #121

Yes it is. Let me share my experience.
My first couple of days in tradig altcoins i was so eager to win every single trades that i make. I'm not  sleeping cause the trading is round the clock but not every trade is a winning trade so i got this altcoin and im stock cause i bought this in its high but all of a sudden it collapse thats when my addiction stops cause my unrealize lost balloon to 70%. I waited for 3 months before i manage to get sell that altcoin.  

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Gunpaycity
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January 29, 2018, 02:08:23 AM
 #122

When we see the traffic market we are excited to get a lot of coins and keep counting on profits, I think this will give us a sense of optimism about the coins we have

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nasipadang
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January 29, 2018, 02:27:38 AM
 #123

I'm a newbie and have been into crypto for a couple of months now.  I must say the advice from other members about not checking trades too often is very good.  One can become obsessed with it, and I think the thrill of the "win" can be quite addictive.  Similarly that depressed feeling when the world is "red" can be deflating as well.  There must be a "happy" medium, if one is to maintain a balanced life.
I get profit from daily trade altcoin but I also often experience loss, addiction I think it seems to be negative, it can be addictive but it's like feeling happy because of our hard work, "depress" all the businessman when they fail to be depressed so that's natural but it turned to each of them whether to get up and learn again.

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sotoshihero
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January 29, 2018, 02:31:51 AM
 #124

Go out and enjoy your life, the market is very volatile, you will get profit in the end but good things take time, don't panic sell, hold anything until you are on profit (exception exists).Good luck !

Good advise, also stay away from  your phone, as if you have blockfolio, its very addictive not to check it from time to time. I already used in this situation and I do not care if i did not check my blockfolio for several days anymore.  Grin I think we need discipline too and we have to go out and socialize too,:life is short and exciting,we have to enjoy!
arteezyy
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January 29, 2018, 03:25:28 AM
 #125

It could be addictive but you shouldn't be. It is normal that the value of bitcoin is volatile. It is continuously fluctuating. You don't need to look every minute to make sure you reached your targeted income. You just need to have a little faith that you will have your desired income. Patience is virtue. Be a long time holder because someday, the wait will be worth it.

Indrawan77
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January 29, 2018, 03:36:12 AM
 #126

When you start trading in the first time you will keep on checking the price but once you realise that the price wont be too far even though that you keep on checking it, then you will slowly reduced the checking frequency and rely on apps to alert you, I think this is more healthy habit rather than keep on watching the chart
Gynjorn24
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January 29, 2018, 04:48:38 AM
 #127

YES! im a newbie and i cant refrain from checking the market, i get so anxious cause its my first time spending money on something so volatile. i try to do my hobbies to get my mind away from it, but sometimes i just cant help myself from checking if my money is still there  Cheesy
South Park
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January 29, 2018, 05:38:25 PM
 #128

I'm a newbie and have been into crypto for a couple of months now.  I must say the advice from other members about not checking trades too often is very good.  One can become obsessed with it, and I think the thrill of the "win" can be quite addictive.  Similarly that depressed feeling when the world is "red" can be deflating as well.  There must be a "happy" medium, if one is to maintain a balanced life.

When I was new to trading I was like this. I click the refresh button probably twice a minute to check any updates and most likely newbie in trading are doing the same. Now I check the price once a day.  Trading is really stressful and if you check the price every minute it will just make you emotional making you illogical that will result to a losing trade. Just stick to your strategy if you are planning to hold it for long term then you can just check it even once a month.
This is why day trading is the field of professionals, people think they are going to be able to stare at a screen for hours and make a lot of money but that is simply not true, it is very stressful to day trade, I tried once and after a few weeks I had problems sleeping and I always had a headache as soon as I stopped day trading all my symptoms stopped so as you can see day trading can even affect you physically if you abuse it.
blozo
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January 29, 2018, 05:41:31 PM
 #129

Ah yes, being traded 24/7 you need to find some balance and not check coinmarketcap or blockfolio like a junkie :-)

EtherATM
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January 30, 2018, 04:04:00 PM
 #130

I will recommend to used buy and selling orders because this is one way to make your life easier than monitoring the markets for the whole day. You can do more thing while doing trading and if you are looking for big income of course you should need to invest huge capital dont make trading complicated.
Yep, buying and selling is a good way to make your life more easier. You are a newbie, all you need now is reading and learning a lot of things in this market. When you have knowledge you can analyze its fluctuation accurately and know whether you should buy ,sell and the like. I’m sure that you’ve known that how risky this brings to you, if you want to get big benefits you may take a huge capital. You should be more comfortable, because this market is notoriously volatile, don’t worry too much about it, you’d better focus on analyzing the market to make accurate decision.
South Park
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February 01, 2018, 08:46:30 PM
 #131

Yes it is. Let me share my experience.
My first couple of days in tradig altcoins i was so eager to win every single trades that i make. I'm not  sleeping cause the trading is round the clock but not every trade is a winning trade so i got this altcoin and im stock cause i bought this in its high but all of a sudden it collapse thats when my addiction stops cause my unrealize lost balloon to 70%. I waited for 3 months before i manage to get sell that altcoin.  
You made the mistake of over trading, just because the markets are going to be there all the time does not mean that you need to do the same, the markets are going to be there when you go to sleep and it is obvious you are going to lose some opportunities but that is just the way things work besides not sleeping decreases your capabilities of reasoning and in trading that can be lethal.
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February 01, 2018, 09:09:12 PM
 #132

I'm a newbie and have been into crypto for a couple of months now.  I must say the advice from other members about not checking trades too often is very good.  One can become obsessed with it, and I think the thrill of the "win" can be quite addictive.  Similarly that depressed feeling when the world is "red" can be deflating as well.  There must be a "happy" medium, if one is to maintain a balanced life.

I agree, it is impossible to constantly monitor the market. Think it's best to spend no more than two hours a day. What do you think? Thank you for your opinion.

shield132
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February 01, 2018, 09:13:59 PM
 #133

I'm a newbie and have been into crypto for a couple of months now.  I must say the advice from other members about not checking trades too often is very good.  One can become obsessed with it, and I think the thrill of the "win" can be quite addictive.  Similarly that depressed feeling when the world is "red" can be deflating as well.  There must be a "happy" medium, if one is to maintain a balanced life.
If you are very seriously in trading you just can't be like simple human. It's addictive because it's your job where your money depends on you everytime and seconds can give you profit and loss. I can say that it's not only addictive but can cause insomnia. If your main goal in life isn't economic and trading, I wouldn't try it.
Imagine when you hold coin and late at night you read some bad news, how will you sleep? Cheesy

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South Park
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February 02, 2018, 08:18:48 PM
 #134

When you start trading in the first time you will keep on checking the price but once you realise that the price wont be too far even though that you keep on checking it, then you will slowly reduced the checking frequency and rely on apps to alert you, I think this is more healthy habit rather than keep on watching the chart
But it depends, sometimes the markets can be very calm so there is not a reason to check the price all the time, this was true some years ago, but now that the price is moving constantly that is not an option, information is key and the sooner you receive it and can process it and take actions based on it the biggest advantage you have that is why some traders do not stop watching their charts.
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April 25, 2018, 05:58:25 AM
 #135

I am also one of the addict long before I learned to store funds as tether when the market isn't stable. This keeps me winning trades as the value of my money is maintained that I don't have to hold them for a long time when the price dip down. This won't keep me up all night staring at the charts and the coinmarketcap.  I'd buy back when it finally hit the support level in the market...
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April 25, 2018, 06:08:52 AM
 #136

I'm a newbie and have been into crypto for a couple of months now.  I must say the advice from other members about not checking trades too often is very good.  One can become obsessed with it, and I think the thrill of the "win" can be quite addictive.  Similarly that depressed feeling when the world is "red" can be deflating as well.  There must be a "happy" medium, if one is to maintain a balanced life.
hi,.good day... life is full of ups and downs..just let it go..enjoy while you still can cope up with the crypto..and see for your self what will happen..though you can experience downfall, that's normal, just stand and fight again..
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April 25, 2018, 06:31:19 AM
 #137

That warning label "this can be addicting" should come with all ICOs.
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April 25, 2018, 06:47:56 AM
 #138

Many people feel that it is addictive. Well, investing in ICO may make people feel so hurt but also can make them so happy to the moon.
The red and green appearance in the coin market is usually to be seen. When we are expecting to invest for a long time investment, it is better not to check the market every time. Just check for analyzing the progress.
But, when we are a trading, it is important to check the update of the market rapidly.
Actually, those will depend on our strategy. However, it is better not to be panic or depressed when seeing red.

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almaerk08
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April 25, 2018, 07:32:11 AM
 #139

When investing in an ico, it is really important that we keep track of it, but it doesnt mean that we have to check it every 5 minutes or so. We know that the market is not stable, it changes from time to time. So dont get panic, be calm, enjoy and think of other things that can divert your attention rather than thinking about your investment all day long.
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April 25, 2018, 01:54:13 PM
 #140

Many people feel that it is addictive. Well, investing in ICO may make people feel so hurt but also can make them so happy to the moon.
The red and green appearance in the coin market is usually to be seen. When we are expecting to invest for a long time investment, it is better not to check the market every time. Just check for analyzing the progress.
But, when we are a trading, it is important to check the update of the market rapidly.
Actually, those will depend on our strategy. However, it is better not to be panic or depressed when seeing red.
Exactly, everyone has their own strategy when they take part in crypto market. To say frankly, I think that when a person use too much time to check the market because they feel panic and completely does not control the time of checking it. Honestly, even though you are a trader or investor, you’d better use amount of time which is not much or little, absolutely you have to spend enough time to it. Because when you make use of time, you don not only keep your health stay well, but also saving too much time.

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