Quit cryptocurrency trading its not for you!

[deonyx]

The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.

If you are doing this at the moment just quit crypto trading its not for you.

[adaseb]

The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.

If you are doing this at the moment just quit crypto trading its not for you.

Trading in general is not for everyone.

This is no different than the Nasdaq internet bubble of 2000 or the huge bull market of 2017 in the global stock markets.

There was a small percentages of retail traders that only made money. The rest most likely got greedy bought at the top and ended up making nothing or losing their entire life savings.

Trading Cryptos is no different. There are some that can make some profit off it, but for most it becomes a losing business due to fear and greed.

[wvizmanos]

It is the promise of profit by some wicked influencers that entices newbies to invest in cryptos. What's saddening is these people simply jump in blindly and the worse part is when they cut their losses by selling all what they have when see their investment go south.

[Mateo123]

The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.

If you are doing this at the moment just quit crypto trading its not for you.

Yes i agree with you and additional for that is,
There are two factors moving the crowd on the market,greed and fear to loose, and how you avoid this?
-turn your brain on and realize,
-look up the graphs of bitcoin
-read, watch videos, educate yourself
-dont used borrowed and credit monet

You should use your brain during corrections, you should use your brain during trading and especially you should use your brain when you just enter the trade.

[Oilacris]

The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.

If you are doing this at the moment just quit crypto trading its not for you.

Trading in general is not for everyone.

This is no different than the Nasdaq internet bubble of 2000 or the huge bull market of 2017 in the global stock markets.

There was a small percentages of retail traders that only made money. The rest most likely got greedy bought at the top and ended up making nothing or losing their entire life savings.

Trading Cryptos is no different. There are some that can make some profit off it, but for most it becomes a losing business due to fear and greed.

This is how the system works either on both sides  stocks/forex or crypto where theres no guarantee that it would work out on a certain individual and come to think up if theres someone becomes a millionaire then there are lots of traders who do lose up money and thats normal into this kind of ecosystem.Therefore,before tending to engage yourself into trading then you should be aware on the upcoming risk that you might encounter, only the fittest and skillful would really able to sustain this trading world.

[oseikuf44]

They will disagree with you for telling the truth. A lot of newbie are in crypto because they think crypto is some kind of ponzi scheme which can make new entrants rich quick on the expense of late commers. NO. crypto requires knowledge as the stock market also requires expert.

[Aion2n]

I fully agree with your statement. To lazy people who dream that they will get rich on a crypto currency quickly, this is not the place. The ability to trade and be in this area does not come just like that. All those who succeeded, made colossal efforts to understand this market, be in it and earn. Training continues daily, every day I receive tons of information that I need to understand, select the necessary and remember it. In this area, education never ends.

[vintages]

Nobody was really born a master in any business. Even the greatest master in any business venture learnt from somewhere or someone. I have no offense if some traders knew about cryptocurrency trading from their friends or relatives because you will be surprised that they might grow to be more perfect in it than the person who taught them. Where I find offensive is not being patient to fully learn before jumping into trading because of the eagerness to make money.  

[chikading2016]

Nobody was really born a master in any business. Even the greatest master in any business venture learnt from somewhere or someone. I have no offense if some traders knew about cryptocurrency trading from their friends or relatives because you will be surprised that they might grow to be more perfect in it than the person who taught them. Where I find offensive is not being patient to fully learn before jumping into trading because of the eagerness to make money.  

Yes I agree on that, even the most amazing riders will commet a huge accident, and no one really born and walk or maybe run directly everyone really needs to crawl first before they can become master on it. So if we are really lose in trading today maybe we can gain on it tommorow or in the near future.

[Hamphser]

Nobody was really born a master in any business. Even the greatest master in any business venture learnt from somewhere or someone. I have no offense if some traders knew about cryptocurrency trading from their friends or relatives because you will be surprised that they might grow to be more perfect in it than the person who taught them. Where I find offensive is not being patient to fully learn before jumping into trading because of the eagerness to make money.  

Yes I agree on that, even the most amazing riders will commet a huge accident, and no one really born and walk or maybe run directly everyone really needs to crawl first before they can become master on it. So if we are really lose in trading today maybe we can gain on it tommorow or in the near future.

Everyone starts to be a newbie but the hopes and dedication would depend on what they do aim for.Doing trading is just for the sake of money but the level of eagerness and greedy/hope for money would be different into a particular kind of person which actions would vary either he would done it on a fast and careless way or on a slow but surely pace.You should really expect the unexpected that students would become more better with their teachers when it comes to trade and i do believe in skills too.

[totholio]

It's absolutely crazy, every ICO channel is full with when when when questions, only those will have big gains actually who realizes that new projects take years to mature.

[Aleister Crowley]

I think it's impossible today to get a profit of up to 500%. to get 15% of it is hard to get ,, and many who have the same opinion with me .. 8% / day it is very profitable for us .. see those who have expressed their opinion on my thread https://bitcointalk.org/ index.php? topic = 4347823.msg38884013 # msg38884013

[NavI_027]

Yeah! Trading is a complicated stuff, it's a little bit hard and risky to earn there but so easy to lose money if you made the wrong choice. That's the reason why until now I refuse to deal with day trading. Another reasons are first I don't have a desktop with a fast internet connection for monitoring the market price much easier compare to the smartphone I only have right now and second is I'm still lack of knowledge regarding this. So to avoid losses, I never try this (at least for now) even though I'm really eager to try it. 

[xuan87]

A lot of people blinded by the greed and ignore all the important basic knowledge about trading, they just want to make profit without any proper knowledge, this can lead to huge lost and also can lead to the panic sell which can caused the market to become worse, so if you really want to become traders learn the basic is the most important thing to do

[shilpyh]

The reason why there has been a serious insurge of people into cryptocurrency mostly populated by newbies and novices is because someone somewhere told them they can make 100% to 500% in crypto within few days, lol but how many really had such experience.
The worst still is that some don't even think learning is necessary in the crypto market, and so they just invest their money in crypto and manage to know how to open and close a trade, and as soon as any candlestick chart turns red they dash their coins into the market in fear to cut off more loss and the cycle continues till nothing is left.

If you are doing this at the moment just quit crypto trading its not for you.

There are a lots of fact to make a perfect trading. If only you can place/close order that is a part of trading. But to be a perfect trader you have to learn how to make profit? You need to know when and why we have to choice stopp loss. If starts red that doesn't mean it will continue to be red. So, you have to learn trading factors first to be a successful trader.

[Phantomberry]

Trading is just like a gamble in casino if you are not smart for that you will rather to lose just be learn everything you can in trading and trade in your risk.

[wiwi24680]

I guess you cannot guarantee how the new comers enter the market. We cannot control how they think about entering the field at first and they should have understood it once they enter to the market eventually. Everyone would encounter the stage to try on the trading at a slow rate and action since the market is really brand new one.

[crocus]

Maybe losing in trading is normally for beginners but if you're long in the field and continuously loses maybe you've lack of research and poor analysis maybe you're also lazy in searching for some good techniques in trading so definitely if you're that one crypto is not for you.

[Idrisu]

I have said this several times that trading is not for everyone and for you to became a successful traders and investors you must developed your skills and knowledge including experience on how to analyze the assets, money management and execution of trade. However,  the market still need the newbies in under to create liquidity.

[Moiyah]

We have been previously a newbie before. I, myself is a starter. At first, I have a huge losses. And I thought that trading is not for me. But this losses encouraged me to not just enter and exit market without further looking at some indicators. This also help me to learn more about trading, learn more about indicators, and continuously study to prevent loss. Now, I am having just enough profit everyday and already gaining what i've been lose then.