Quit cryptocurrency trading its not for you!

[Mastsetad]

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.

Good advice, but maybe I should let you know that without the money they are losing you wouldn’t have any money to earn as profit., that’s the hard truth. When people lose, there are people who gain. Well, the thing is that everyone would continue to try their luck and when it doesn’t work out for them they find another way and leave. If I happened to quit when I was being told by people to quit Bitcoin trading, then I would have missed the opportunity I got now.

It is very much difficult to control your nerves especially after suffering some loss but I don’t think so that quitting of the trade is a very good idea and that you need to learn from the mistakes and that the only possible way from recovering is to keep on doing trade. If you will quit doing trade, you won’t be able to make any profitable earning and then you have to start from the crash.

Yes that is right and some time same situation we face in gambling. I think that it is too much important to get some experience first, and after that should try to invest a big amount of money in trading. I think that we should increase our trading investment when we realize that now we have good control over our emotions.

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[tothanhtuan]

 High probability trades with good risk to reward ratios (by using stop losses to limit risk, and using TA to guesstimate probability). You'll need a lot of learning and practice for the TA part, but applying this simply using major support and resistance is a good start. Ideally backup trade ideas with indicators (e.g. shorting a major resistance while hitting the top of Bollinger bands and RSI extended or showing bearish divergence would increase probability. Stoploss just above resistance with big drop below allows good R/R)

[richmcrich]

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.

But have you forgotten that for someone to be a winner there will definitely be another person who is the loser.You win and those who lose are how you get paid, but anyway, trading is not for everyone like you said, so if anyone has been trying trade for a long time and is still unable to earn from it till now, then their objective is to quit immediately than continuing to lose their money. But if they think it was as a result of not going through practice then they should take a break and go through some training's.

[naily]

it is the thinking of new players in trading crypto currencies to get a profit in a short time, they do not know that to get profit through the process, maybe this will make the crypto value always go down in the market, as a result of their panic when they see prices always drop

[Cassidyblaze55]

Cryptocurrency requires basic understanding and you need to learn these before doing anything in this market. This is a very sensible market where the people that knows what they are doing thrive.

Trading is an act of transferring wealth from the impatient to the patient

[vinbentrob]

No matter what you are told and your personal experience in cryptocurrency,  you will have to learn cryptocurrency activities which includes trading and investing by the things you will suffer.  Losing money to bad trade and gaining insane amount of money is all part of cryptocurrency experience!

[Kira_lapa]

The overwhelming majority of traders agree that psychology holds a leading position among the factors of success in trading on a currency exchange or stock exchange. By psychology, it is customary to understand the internal state, in which the trader commits operations on the stock exchange.

[Ms.Anna]

In the midst of market trading, the trader's psychology, his attitude, have a strong influence on his decisions, and therefore on the results of trading. Everyone who thinks about personal effectiveness can remember when emotions prevented productive trade and influenced the course of decision making. Therefore, the psychological preparation of the trader is important for both beginners and pros.

[Jaci]

When you make lose then sure it is not for you. But when you can make a profit then can you tell same comment? Please be sure about your increase trading ability and patience as well. Cryptocurrency only can be profitable if you can pick it in the right time. Look, now at the moment Bitcoin going to up. Slow but up moving. And you must know if Bitcoin going up then crypto also follow it. Just keep some patience. All things have up and down move on its own life.

[Jateng]

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.

One thing that I am afraid of is to enter ine thing that I do not, that I am not sure and I have not enough knowledge. I do not know why some people do really invest without enougj knowledge in investment or even in crypto. Crypto us risky and even me, I know I am still not good at trading. I still make mistakes even though I am very careful at it.

[yanesna3]

No matter what you are told and your personal experience in cryptocurrency,  you will have to learn cryptocurrency activities which includes trading and investing by the things you will suffer.  Losing money to bad trade and gaining insane amount of money is all part of cryptocurrency experience!

It will be great if before starting any business including the trading activities, the person will weigh all pros and cons. In this case, he will be ready for any situation - loss or an award.

[gurupauts]

I think to get profit and succeed in trading crypto currencies, then experience is needed even if you will get the worst experience because then you will learn and don't give up, learn from mistakes to be better

[bezygly]

In order to do something that will learn, trade crypto currency for example, you need to act and make mistakes. Losses are not avoided until you pass your own path, do not learn anything.

[pinkliar]

In order to do something that will learn, trade crypto currency for example, you need to act and make mistakes. Losses are not avoided until you pass your own path, do not learn anything.

In trading mistakes is natural but it doesn't mean that you need to have mistake everytime because once you start trading you need to level up what is your doing so learn how to avoid losing money.

[Rodeo02]

No matter what you are told and your personal experience in cryptocurrency,  you will have to learn cryptocurrency activities which includes trading and investing by the things you will suffer.  Losing money to bad trade and gaining insane amount of money is all part of cryptocurrency experience!

It will be great if before starting any business including the trading activities, the person will weigh all pros and cons. In this case, he will be ready for any situation - loss or an award.

but most of the time they have to start trading with out this for , like no other experience though they keep on learning so as for it when you know how to learn and be patience trading are you just keep on waiting for the right time for you.

[P60]

Nobody can tell what is meant for you and what is not. Do what do you think could give you profit or what is better to have a worthy investment which can lessen the loss.

[Xising]

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.

I agree. As much as many people have profited from the cryptocurrency trading market, it has also been very difficult as of late. Many have been very doubtful if the market can stay up and if it can truly recover from where it is now. That's exactly the status of the trading market; many have already lost so much because it has been very hard to find success in it, and also, since the market is not doing great, all the assets are having the same trend. Therefore, if you don't really want to strategize and end the misery of going after the trading market the hard way, maybe it's time to step away.

[Adrin]

First think about a horse of race. When a horse wins its race then we enjoy this winning moment and horse as well. But when it loses then can we enjoy or can think about why the horse loses in the race? Our sorrow and joy for a horse depend upon our money. If we can make profit or win then we make us cheer but when lose we can’t. If you can’t catch the perfect time for buy or sell a coin then you should quit. But in case of catching a perfect coin in the perfect time then who can forbid you from cryptocurrency trading? 

[biletskiy]

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.

Good advice, but maybe I should let you know that without the money they are losing you wouldn’t have any money to earn as profit., that’s the hard truth. When people lose, there are people who gain. Well, the thing is that everyone would continue to try their luck and when it doesn’t work out for them they find another way and leave. If I happened to quit when I was being told by people to quit Bitcoin trading, then I would have missed the opportunity I got now.

It is very much difficult to control your nerves especially after suffering some loss but I don’t think so that quitting of the trade is a very good idea and that you need to learn from the mistakes and that the only possible way from recovering is to keep on doing trade. If you will quit doing trade, you won’t be able to make any profitable earning and then you have to start from the crash.

Yes that is right and some time same situation we face in gambling. I think that it is too much important to get some experience first, and after that should try to invest a big amount of money in trading. I think that we should increase our trading investment when we realize that now we have good control over our emotions.

Forget about gambling and do not even try to compare trading with this risky activities. The person, who is wise enough not to give up when he loses, and go forward, can become a professional trader.

[ethereumhunter]

I believe that some people can earn a big profit in their first time of trading and then tell other people that they are making much money so it attracts people to join with the cryptocurrency. but unfortunately, some of the new people don't know how to trade to make the profit and they still trying without knows that this will makes them getting lost. but I am sure that there will be people that don't do this and they want to learn something new which is trading so they can be able to make a profit. maybe they can say that trading is not for them but after they learn more about trading and they are making money from trading, they will say like this, trading was not for me but I learned many things from trading so I can make a profit and now, I still doing trade to earn more profit.