You determine when to lose or make money, Stop Blaming the Market

[Vsamuel]

It pretty troubling to hear people lament day in day out about how the recent market is making then incur significant lost.
Actually, i think that is total nonsensical. There is no lost without cash out during trading. You determine when to loss or make money, not the market.

Take a closer look at this:
If i held 0.1 etheruem during may 2018, when ethereum price was around 700$, it means i had 70$ as at then. But now (August) that etheruem price is at 256$, my 0.1 ether is currently worth 25.6$.

An anxious person will see this and get too scared, and so will decide to go ahead and sell his 0.1 ether on exchange for something like 24$... Obviously this person has incurred significant loss.

However, if i decide to keep my 0.1 ether during this red season and wait till green season where ethereum price shoot to 800+$, I surely will imagine myself making some profit.

Prompt:
Regardless how much of Bitcoin, Ethereum or any other Altcoin you possess, You determine when to loss money or make profit. Stop blaming the market.

Share below your opinion.

[rayk]

I think you are right we can't blame the market because it is actually total of our moves in the market. Who crashed the market? It is us

[Tytanowy Janusz]

well. If it will go to 800$. If not and will dump to 0$ someone who sold for 270$ has part of his investment at liest . with 0.1 eth you can just ingnore your 70$ but with 100 eth it is difference to have 70 000$ or 28 000$ or 0$. And dont say to me that ETH will never go to 0 and you are 100% sure that it will bounce. If you are 100% sure than sell your house and buy now. Next year you will have 4 houses for that.

ETH is shitcoin in its current situation and i wont be surprised if this market dump will show that (recovery from dumps alwais mix top 100). Here is why:

ETH is doing the same as NEO, STELLAR, EOS, WAVES, ETC and dozens more and is not better then others.
ETH is not finished - its code has lots of bugs that even made investors lost milions https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether ("'$300m in cryptocurrency' accidentally lost forever due to bug") Does it really how should it looks like hiting mass adoption? and 700$ price gives 60 bil $ marketcap - you really think that unfinished project is worth that much (especcialy if there are manny better)
ETH was overload by voting on Fcoin exchange to 100 gwei (1 transfer - ~2-5$) hahaha voting on 1 exchange and ETH has 1000+ projects that are "going to hit mass adoption"
Every suceed project moves to their own blockchain (EOS, VET, BNB, ICX and manny others) - because ETH is not scalable enought to hold load from 1 project that hit mass adoption - that makes it kindergarden for shit/scam projects

Go to coinmarketcap - historical snapshots from december 2013 - from top 10 coins only 3 are give profit till now. None of them was better than BTC. If you bought 1 ETH for 700$ you should sell for 650$ and move to other trade. Till now you will make 1000$ not 280$ hoping for it to bounce. Holding is strategy that leads to 0$ in wallet after first mistake and is one of the hardest and riskiest strategy in crypto market.

Here you can read about risk in holding and trading strategy - https://bitcointalk.org/index.php?topic=4456137.msg39881422#msg39881422

Back to who to blame for market crash. Well I bet that 1% of investors/traders are resposible for 99% of volume. And those 1% pumped BTC to 20k and is dumping now. Rest 99% of investors/traders are just looking at chart and do dozens of analysis and predictions fallowed by "ok i sell my 1000$ worth of btc". I know that because i was in top 4% traders (volume) on BINANCE with my FUN account with 1000$ that i was daytrading (binance show that in account summary while celebrating firs anniversary - And i've traded total of 50 BTC only (in half year) so rest 96% traders didnt trade even 50 BTC in 1 year in all trading pairs). Its extremaly maipulated. Whales are pushing price in direction that makes them the most money. Just ask yourself. If you could short BTC now with 100 mil to make it crash support at 6000$ to make lots of FUD, what will allow you to close short at 5000$ with 20% profit (20 mil profit). Wouldn't you? Thats what push price. Money. But not everyone money with every trade (especialy yours 27$). But big money from whales.

[carlfebz2]

It pretty troubling to hear people lament day in day out about how the recent market is making then incur significant lost.
Actually, i think that is total nonsensical. There is no lost without cash out during trading. You determine when to loss or make money, not the market.

Take a closer look at this:
If i held 0.1 etheruem during may 2018, when ethereum price was around 700$, it means i had 70$ as at then. But now (August) that etheruem price is at 256$, my 0.1 ether is currently worth 25.6$.

An anxious person will see this and get too scared, and so will decide to go ahead and sell his 0.1 ether on exchange for something like 24$... Obviously this person has incurred significant loss.

However, if i decide to keep my 0.1 ether during this red season and wait till green season where ethereum price shoot to 800+$, I surely will imagine myself making some profit.

Prompt:
Regardless how much of Bitcoin, Ethereum or any other Altcoin you possess, You determine when to loss money or make profit. Stop blaming the market.

Share below your opinion.

Kind of mentality is just really normal if you are not on the current situation but when you are on the actual scenario you cant really say that you would totally avoided such temptation for you to sell on loss.
There are situations like you do need the money? and you don't have other choice but to sell on loss then you would definitely haven't any hesitations to done such thing.
As an investor that loses up money will definitely blame the entire market and its normal yet we are just humans that do reacts on what we do saw.

[Tytanowy Janusz]

Kind of mentality is just really normal if you are not on the current situation but when you are on the actual scenario you cant really say that you would totally avoided such temptation for you to sell on loss.
There are situations like you do need the money? and you don't have other choice but to sell on loss then you would definitely haven't any hesitations to done such thing.
As an investor that loses up money will definitely blame the entire market and its normal yet we are just humans that do reacts on what we do saw.

If you are investing all your money/porfolio into crypto you are not investor. You are suicide guy...

Portfolio should be made out of stocks, crypto and oder products and should be made out of money that normally will be put on the 1 year locked deposit in the bank to work on them and gair better ROI.

100% only crypto portfolio is alse not balanced enought in my opinion.

[aoluain]

We really need to stop referring crypto to FIAT values because 1 bitcoin in 2017 is still 1 bitcoin in 2018.

Timing is everything, buying and selling at the right time is key to either making or losing your FIAT values.

[tomahawk9]

Well, it's obvious that people will blame the market, who else are they gonna blame? their neighbour? I mean, if you woke up today and saw that your portfolio is down 15% across every asset that you're holding, then it's normal to blame the market as it is the market going down that's making your portfolio look like a bloodbath.

However, if i decide to keep my 0.1 ether during this red season and wait till green season where ethereum price shoot to 800+$, I surely will imagine myself making some profit.

Everyone knows that, problem is that not everyone is patient enough to wait for the price to go back to previous ATH's or above. That's why this forum gets flooded on a daily basis with posts like "when will the price moon?", "how long until we see 20k?", or "will the price go to 30k or 50k in 2018?".

There are way too many people with unrealistic expectations, and most of them are the so-called weak hands and panic sellers, they're simply too eager to sell during the peaks but are way too impatient to wait for them to come. Uncertainty is way too high in this market and for some people (mostly those who don't understand how this market works yet they still invest cryptos) it's too much to handle which is why a lot of them decide to sell during a downtrend season since it's way easier to sell and cut losses rather than wait for something (a bull run, for instance) that may or may not come.

[valheru]

I do not agree with your opinion. what you said is actually true, if you look at it from a different point of view but not completely. People make their own losses with their own hands, nobody pushes people to make losses. but the increase in the overall loss rate in the market is not due to the failure of people, the biggest reason of the people losses is the market prices are unstable. In fact, you can't blame people for their losses, on the other hand, you can blame people for that

[Diced90]

Hmm! That's not entirely true because its not all up to you. Making a bad decision can be very costly even if you have a good knowledge because the market is too erratic and can't be reliable.

[mbm_ico]

You are absolutely right. It is impossible to accuse the crypto currency market, as everyone makes decisions on how to proceed. Only the most patient and resourceful can survive in this market.

[Reid]

Your risk, your choice and your decision.

Whoever blames the market is a fool. There will always be a fluctuation anywhere when it comes to investing in one thing. The value couod soar high or fall according to the demand of people.
You can sell when there is profit if you wanted but yet greed comes in the way.
You wait for more hoping it could jump another ATH. Cruel but true.

[asyakashi]

the market can't be blamed, the most important thing is that bitcoin is still valuable than a few years before.
maybe we are greedy and hope everything works instantly and easily. This risk should be prepared before we trade or invest.

[Lodipetmalu]

Stop blaming the market on times of falling down. It was you decision on how not to have loss on it. We can not avoid the circumtances where the price drops so you have an option to trade it imeediately or hold it and wait the price increase.

[enawati]

I loss much money now but i try to learn more what is my mistake. I can not blame the market, now i make other strategy because i did make mistake , that my mistake is do not use any stop loss. When bought any crypto, Iam too confindence the price in the bottomed already but in the reality the price going to others more deep.I still believe crypto will be back to bullish again.

[darklus123]

It pretty troubling to hear people lament day in day out about how the recent market is making then incur significant lost.
Actually, i think that is total nonsensical. There is no lost without cash out during trading. You determine when to loss or make money, not the market.

What are you trying to tell by that statement? that as long as you hold on to that certain coin hoping that it could still goes up? Of course not the market has a big impact on your profit or loss. Note that losing amounts in trading is pretty normal but it is how a trader cut the loss to as lowest as possible.

Take a closer look at this:
If i held 0.1 etheruem during may 2018, when ethereum price was around 700$, it means i had 70$ as at then. But now (August) that etheruem price is at 256$, my 0.1 ether is currently worth 25.6$.


An anxious person will see this and get too scared, and so will decide to go ahead and sell his 0.1 ether on exchange for something like 24$... Obviously this person has incurred significant loss.

However, if i decide to keep my 0.1 ether during this red season and wait till green season where ethereum price shoot to 800+$, I surely will imagine myself making some profit.

Prompt:
Regardless how much of Bitcoin, Ethereum or any other Altcoin you possess, You determine when to loss money or make profit. Stop blaming the market.

Share below your opinion.

In some cases, yes that is correct but come on if you go trading most of the time that Idea is not practical. You can only go to  that strategy towards bitcoin. If you used that strategy on the other coins then you are right "You are responsible for your loss because of following this kind of mindset".

Other coins can be in 0 value within just a short period of time. So if you really know how to trade you should decide when to exit even if it's a lost. You better lose 10% or 20% of your asset than to go all in.

How can you trade if your mindset is like this? You should learn how to read market warnings because in the end the market is still the basis of your profits or loss.

[karungbitcoin]

Iam really surprised with price of altcoin, i hold some altcoin that has highest price $10 but now the price dumped hard to $0.4 . I will more understanding about crypto now, and all my loss is because my mistake and my greedy. I hope this is to be lesson for me to avoid greedy and never FOMO.

[jackylion]

In the down market today I think all those holding the coin are having a pretty high loss. Currently the market is down very low. But please be patient not to sell pennies out at this time however follow me Predictably, by the end of 2018, the market price will rise again, which is the time for us to make profit

[KalaiBTC]

Kind of mentality is just really normal if you are not on the current situation but when you are on the actual scenario you cant really say that you would totally avoided such temptation for you to sell on loss.
There are situations like you do need the money? and you don't have other choice but to sell on loss then you would definitely haven't any hesitations to done such thing.
As an investor that loses up money will definitely blame the entire market and its normal yet we are just humans that do reacts on what we do saw.

If you are investing all your money/porfolio into crypto you are not investor. You are suicide guy...

Portfolio should be made out of stocks, crypto and oder products and should be made out of money that normally will be put on the 1 year locked deposit in the bank to work on them and gair better ROI.

100% only crypto portfolio is alse not balanced enought in my opinion.

Yeah, stop blaming the Bitcoin’s market because only you are responsible for your profit and loss that comes after your precious decision. When you decide to sell in high market on high price then the profit is yours to keep but when you sell out in low market on low price without monitoring the market price is a big fault so your bad decision will result in loss for you.

[Joshercine]

You and only you have any impact on you're trading decisions. The more emotional you're getting the less chance you'll finish well rewared. You did not lose money until you didn't sell with a loss.

[LogitechMouse]

The people who will blame the market are either the newbies who doesn't know anything about crypto and they just throw their money away hoping that it will make them rich or the stupid idiot buyers of crypto.

Before you buy cryptocurrency, you must know how much will you risk in buying. We know that it is volatile. It can go at its ATH now or an all time low later.