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Author Topic: Quit cryptocurrency trading its not for you!  (Read 3831 times)
Pamadar
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July 20, 2018, 10:36:33 AM
 #141

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.

Thats right , trading is not a childs play . we should avoid trading as early as possible if we dont have experience on business or any other marketing schemes  but we should not have to quit cryptos  because cryptos isnt all about trading , cryptos is about services . everyone can be able to use cryptos even he or she dont have a background in trading .
You might quit if you don't have time and eagerness to improve your skills, crypto currency trading is all about ups and downs, if you know how to make a good entry then you will be able to gain from it, continues learning and capability to take alternative decisions when things are not favoring you is a must, people who loves trading are those who have a lots of knowledge though there's no perfect timing but it can lessen your chances to burned out all of your investment.
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July 22, 2018, 08:12:24 AM
 #142

You are very much correct in what you just said. Many people do not ask questions or try to learn before investing. You must be willing to get Information and that would help you to make 70-80% right choices in this trade as this is a volatile market
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July 22, 2018, 08:55:45 AM
 #143

Many people wants to make money out of crypto trading but constantly loosing and still insist to do trading. Maybe it is better for them to quit trading already, there are more ways to earn out of cryptocurrency after all.
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July 22, 2018, 10:22:22 AM
 #144

If you followed, you should follow for a long, do not miss midway, so wasted effort and loss on your capital. In my opinion, you should focus on how to learn and analyze pennies.
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July 22, 2018, 11:11:20 AM
 #145

Trading is just like gambling if you are not on gambling you are not good also in trading you need to put an effort and patience because trading is not easy you need to fail first in order to have learnings. If you want to be good on trading all you have to do is research and study the trading method of the professional.
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July 22, 2018, 12:08:37 PM
 #146

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.

Why quitting into this crypto tradings,this means thats you quit also your dreams to achieve your goal to become rich someday with the help of cryptocurrency investment,there are saying thats a  "winner never quits and a quitter never win"so therefore if you have an ambition why quits now just continue believing in  yourself,because someday all this will back to normal and become profitable,otherwise learning in cryptocurrency will based unto actual experience.

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July 23, 2018, 02:39:02 PM
 #147

Exactly, there are many people who are investing in cryptocurrencies and are totally uneducated about this market. They don’t know what the market is all about, how it works, what its motives are and how to use this wonderful technology. They are treating this market like a gambling market where they trade on luck. But I don’t think so that one can survive in this market for long on the basis of their luck. Someday trends may against your expectations causing you heavy losses.
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July 26, 2018, 07:34:07 AM
 #148

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.

Thats right , trading is not a childs play . we should avoid trading as early as possible if we dont have experience on business or any other marketing schemes  but we should not have to quit cryptos  because cryptos isnt all about trading , cryptos is about services . everyone can be able to use cryptos even he or she dont have a background in trading .
There are so many traders who have stopped doing trading and that is because of the reason that they find it very much difficult to deal with the things related to that of the trading. If you are unable to perform well, then there is no such point of pushing yourself harder and that too for no reason. You then need to look for some other ways which can help you bring money.

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July 26, 2018, 08:54:28 AM
 #149

If you are new to something especially trading or investment you must learn the basics first. Cryptocurrency is just too risky. You need to learn what crypto is, how it works, how to earn it and how to make profits from it. Because jumping and investing in it right away without studying it thoroughly the result would be regretful. Do more research and try to learn new things everyday to be able to understand fully what you are getting into.
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July 26, 2018, 09:03:07 AM
 #150

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.
Most of the people doing crypo currency trading like a gambling,so if you don't have enough skills about trading and analysis then go with long term trading.It just need patience and the margin rate that how much you need profit from your investment,util you reach into that point just hold your coins.

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lushlifing
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July 26, 2018, 09:16:02 AM
 #151

Agreed, trading is not that easy. there's no such thing as invest now hundred percent growth tomorrow,
study and effort is necessary, if you don't have the qualities then there are many alternative investment out
there that might suit you,
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July 26, 2018, 09:34:09 AM
 #152

Yes I agree with you..trading is not that easy as what others think..even pro traders got big losses too..it needs a lot of time to study..youtube is a great help to newbies in trading..many pro traders are sharing their ideas and technique and most important is to know how to read technical analysis..this is what I need to focus..better study first before starting to trade and start with a small amount and dont be greedy... for me,no need to give up coz there's a place for growth and improvement..
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July 26, 2018, 09:54:07 AM
 #153

In my opinion they repeatedly repeat this cycle even if they know they have a bad experience before. Someone should really learn from previous experience and see what they are upto. Many new people are in kriptocurrancy because they think cryptocurrancy is Can make new arrivals get rich.

Cryptocurrency is one of the way to be rich, but it needs more time to study and learned everything especially in trading because you will easily lose your money if you didn't study it very well.
Yeah business, investment, or trading crypto is indeed the right way to earn wealth. but you need to learn more about crypto.
if you're not smart yet you do not have to quit from trading or investment crypto. but all you need is more hours to learn about crypto
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July 26, 2018, 06:52:38 PM
 #154

You can earn on anything, in mlm, on crypto currency, on the sale of toilets, it all depends on the person, how purposeful he is and how much he wants to make a profit

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July 26, 2018, 11:14:51 PM
 #155

Agreed, trading is not that easy. there's no such thing as invest now hundred percent growth tomorrow,
study and effort is necessary, if you don't have the qualities then there are many alternative investment out
there that might suit you,
Financial markets and cryptocurrency are also very risky and investors should be aware of that if they want to succeed in this market. There should be a clear investment strategy and plan for long-term development in this market, do not invest without having any idea about it.

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July 28, 2018, 09:25:07 AM
 #156

Exactly, there are many people who are investing in cryptocurrencies and are totally uneducated about this market. They don’t know what the market is all about, how it works, what its motives are and how to use this wonderful technology. They are treating this market like a gambling market where they trade on luck. But I don’t think so that one can survive in this market for long on the basis of their luck. Someday trends may against your expectations causing you heavy losses.
Knowledge is another factor. The real pessimism is just because we had a down market and it is never easy to earn money by trading in the recession phase. Besides there is no perfect trading concept as well and when the market is imperfect, you just cannot blame the crypto you are trading.

Quitting trade is never a solution because the market is not static and dynamic and we have a recovery phase right which implies that one can trade when market is in good vibes. Besides trading, there are other ways to earn money as well. If one way does not work for you, try another.
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August 01, 2018, 06:53:42 AM
 #157

Many people wants to make money out of crypto trading but constantly loosing and still insist to do trading. Maybe it is better for them to quit trading already, there are more ways to earn out of cryptocurrency after all.
Well, there are some different opinions about this thing. There are some people who don’t want to go in trading just because they don’t have interest in it but for some odd reasons, they only want to earn money. This objective let them take this initiative but they don’t learn about it. So you are talking about such people here. Else traders are mostly winning the cases.
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August 01, 2018, 10:36:35 AM
 #158

Agreed, doesn't mean someone profited in trading means you can do it too,
trading is not for everyone, evaluate yourself first.
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August 01, 2018, 10:41:05 AM
 #159

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.
I believe that many of us are entering the market only with the desire to profit from the bitcoin trade, but you can see that the market is fluctuating continuously and is in a bear market, because So I believe that if you have a lot of losses then you should try to divest and withdraw from the market. You can see that financial markets are not for the masses and few can succeed in this field.

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August 01, 2018, 10:52:52 AM
 #160

I believe that many of us are entering the market only with the desire to profit from the bitcoin trade, but you can see that the market is fluctuating continuously and is in a bear market, because So I believe that if you have a lot of losses then you should try to divest and withdraw from the market. You can see that financial markets are not for the masses and few can succeed in this field.

As what they say, trading is not for everyone. According to the survey, only 10% really profit from trading and the rest just basically give their money to those who are in the market for a long time. Eventually, when you will not be able to adjust and still can't manage your emotions when trading then it is not for you.

If you are impatient and cannot stand waiting for the right time to buy or to sell then you should just invest rather than trade. Cryptocurrency trading is risky and since it is an unregulated market, many are still taking advantage of it doing pumps and dumps.

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