Keep proper distance but not losing passion

[sana54210]

yes understanding the market situation is always been an important and needed things to be a good trade and here because there are lots of we are available to make your knowledge about cryptocurrency field and trading also so I also been learning something to do before making any decision.

Understanding the market movement is more important. The situation may be dire but you can understand the trend - then it will be useful to turn the tide of war into your advantage. Like when a bear market is going on you should not panic rather take out a loan in dollars and use that to buy coins and dump when the prices start rising again. Whales do that to manipulate the market when long bear markets are ongoing and they take advantage of it dumping on those who think that a bullrun is not coming up.

This is the best way to learn crypto markets - by trading yourself. If you lose some money in the process consider that as teaching fees.

When you talk about loan, you mean real loan or leverage trading load ? If it is real loan, I really frown at loans because it is very dangerous since the market is unpredictable and no one knows the waiting time for the bear to become bullish, which the lender will eventually be a pest on one’s neck overtime.

Since, the investor already has an investment which can never turn zero no matter how deep the market is, it is better the investors wait for the bull run  till his original investment comes out for him to withdraw and make amendment in whatever mistake he made that made him buy when market was BULLISH.

[BitHodler]

Since, the investor already has an investment which can never turn zero no matter how deep the market is, it is better the investors wait for the bull run  till his original investment comes out for him to withdraw and make amendment in whatever mistake he made that made him buy when market was BULLISH.

Waiting, that's what makes people lose a lot of money. I really noticed that we're dealing with more people that keep hodling their coins regardless of what the market is doing, but don't actually believe in the coin they invest in.

In this case you would expect them as an investor to take a loss and let the market bottom out, but nope, these brand new investors think a bull run is close every month which is what they prepare themselves for.

Overall, if we look at the weakest hands, they very likely have outperformed the majority of the investors/hodlers here. People here made fun of those who sold last year, but seriously, they did the right thing panic selling early on.

[dunfida]

Since, the investor already has an investment which can never turn zero no matter how deep the market is, it is better the investors wait for the bull run  till his original investment comes out for him to withdraw and make amendment in whatever mistake he made that made him buy when market was BULLISH.

Waiting, that's what makes people lose a lot of money. I really noticed that we're dealing with more people that keep hodling their coins regardless of what the market is doing, but don't actually believe in the coin they invest in.

In this case you would expect them as an investor to take a loss and let the market bottom out, but nope, these brand new investors think a bull run is close every month which is what they prepare themselves for.

Overall, if we look at the weakest hands, they very likely have outperformed the majority of the investors/hodlers here. People here made fun of those who sold last year, but seriously, they did the right thing panic selling early on.

Those weak hands on last years did really make some money which we can really actually say that being weak into those times do have significant positive impact to them.
I agree that do most people hold do losses more compared to those who sell early even they do keep saying that they would regret later on that they sold early but look at what happen now?
Who the one still holding and waiting?

[CoinCollect]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

[TheUltraElite]

When you talk about loan, you mean real loan or leverage trading load ?

Either of the two. The purpose of the loan is get money in the hand to trade with. Both of them serve this purpose.

If it is real loan, I really frown at loans because it is very dangerous since the market is unpredictable and no one knows the waiting time for the bear to become bullish, which the lender will eventually be a pest on one’s neck overtime.

Thats your opinion. We have leverage traders who live on these methods to make money. Its nothing new and has been happening from the stock market trading.

Since, the investor already has an investment which can never turn zero no matter how deep the market is, it is better the investors wait for the bull run  till his original investment comes out for him to withdraw and make amendment in whatever mistake he made that made him buy when market was BULLISH.

True but there are differences in the methods of trading of different traders. Some prefer to jump in on the bear market and bet in the opposite direction to make money. I am not saying it is good or bad. It is a method some people follow. Other prefer to hodl for long term and sell when bull run appears. There is nothing wrong there either.

[redsun114]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

It is actually the passion that has made man enter in to cryptocurrency. A number of investors in cryptocurrency have entered due to FOMO because people around them have been making big crazy profits which turned as a motivation for them to invest as well. So I think that no one who understands the crypto ideology would loose passion but would rather be more passionate.

[doycku]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

It is actually the passion that has made man enter in to cryptocurrency. A number of investors in cryptocurrency have entered due to FOMO because people around them have been making big crazy profits which turned as a motivation for them to invest as well. So I think that no one who understands the crypto ideology would loose passion but would rather be more passionate.

I think that the time has already passed when cryptocurrency users madly chased profits and tried to earn a lot of money. It is time has passed, Because the possibilities have changed. But I understand that stress is very difficult for people who bought cryptocurrency at the end of 2017 to cope with.

[Malsetid]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

It is actually the passion that has made man enter in to cryptocurrency. A number of investors in cryptocurrency have entered due to FOMO because people around them have been making big crazy profits which turned as a motivation for them to invest as well. So I think that no one who understands the crypto ideology would loose passion but would rather be more passionate.

I think that the time has already passed when cryptocurrency users madly chased profits and tried to earn a lot of money. It is time has passed, Because the possibilities have changed. But I understand that stress is very difficult for people who bought cryptocurrency at the end of 2017 to cope with.

The time has passed but it will come again. It's not passion or anything else that drives people here but money.. You probably will develop your passion once you've successfully made money already. Though it can be very tiring in the long run plus the string of losses you'll accumulate along the way. But if you're really after what it will be in the long run, then the interest will still be there.

[TheUltraElite]

It is actually the passion that has made man enter in to cryptocurrency.

The biggest part of bagholders have entered in that manner. That includes the whales who are playing with crypto. You have to appreciate that they are also the reasons why the market capitalization is so huge.

A number of investors in cryptocurrency have entered due to FOMO because people around them have been making big crazy profits which turned as a motivation for them to invest as well. So I think that no one who understands the crypto ideology would loose passion but would rather be more passionate.

There will always be honest traders who buy bitcoin for its future price and then sell at a good price and then buyback at lower price. They are the most sensible of all investors. Only thing that they need to sustain is the intervals between these transactions and the criticism that they face. Its tough to be one of such hodlers but its one of the safest and profitable ones out there other than leaving your money in the bank at give it a 6.5% boost every year. LMAO

[whirlcoin]

I agree we can only trust that will be not a good idea because the other job also important for a person to get the required income like to make his journey more easily otherwise it will be always difficult in the price of your investment was reduced.

[XCANA]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

It is actually the passion that has made man enter in to cryptocurrency. A number of investors in cryptocurrency have entered due to FOMO because people around them have been making big crazy profits which turned as a motivation for them to invest as well. So I think that no one who understands the crypto ideology would loose passion but would rather be more passionate.

I think that the time has already passed when cryptocurrency users madly chased profits and tried to earn a lot of money. It is time has passed, Because the possibilities have changed. But I understand that stress is very difficult for people who bought cryptocurrency at the end of 2017 to cope with.

If there where people still hodling those coins bought at the end of 2017 will be very few because in 2018; there where still an opportunity for those bought coins to yield profits if discretion was applied. I was a victim by this said circumstances and i overcame by trade, and at the end was able to get back my profits.

[deisik]

like in my case, trading has always been a thing of fun especially when I was still learning, I know I lost a lot of funds but I saw it as an opportunity to even learn more and get better, it helped me not to repeat same mistake twice and made me get better.

I understand the thrill of trading, but there is no such a thing as fun trading when you are risking your hard earned money. People thinking trading is a fun thing are mostly the ones who end up losing in the long run

I guess the point is here to not get married to your investment. Broadly speaking, it depends on your definition of "fun". For example, Linux was started "just for fun" but that didn't prevent it from turning into a major milestone in the operating system development and information technologies in general. So there is a grain of truth in approaching trading with a sane bit of superficiality since otherwise you wouldn't be able to deal with the losses which are inevitable on your way to success at this endeavor. And let's be honest here, many of us like the thrill of trading, especially if we have a backup income not related to this activity

Simply put, when you are penniwise, you'll never win the highest prize!

[adzino]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

Here is the root problem. People get inspired by reading other peoples story of success. I would say they actually get "excited" by reading other peoples success story. The stories they read makes them disillusion. They think that the traders got lucky over night and made some quick huge profit. Even though this is not the reality, the readers still jump into the market hoping they will get rich too. And this is exactly where those traders suffer the most.

[bitbunnny]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

Here is the root problem. People get inspired by reading other peoples story of success. I would say they actually get "excited" by reading other peoples success story. The stories they read makes them disillusion. They think that the traders got lucky over night and made some quick huge profit. Even though this is not the reality, the readers still jump into the market hoping they will get rich too. And this is exactly where those traders suffer the most.

I would support that. Based on stories of others people often think that trading is easy and making money with Bitcoin is easy. They don't know how much efforts, experiences, knowledge and risk taking stays behind that. Yes, some success stories could be good motivation and like for any other job for trading you also need some passion but in such cases people have difficulties to tell the real situation from some illusion.

[deisik]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

Here is the root problem. People get inspired by reading other peoples story of success. I would say they actually get "excited" by reading other peoples success story. The stories they read makes them disillusion. They think that the traders got lucky over night and made some quick huge profit. Even though this is not the reality, the readers still jump into the market hoping they will get rich too. And this is exactly where those traders suffer the most.

I would support that. Based on stories of others people often think that trading is easy and making money with Bitcoin is easy. They don't know how much efforts, experiences, knowledge and risk taking stays behind that. Yes, some success stories could be good motivation and like for any other job for trading you also need some passion but in such cases people have difficulties to tell the real situation from some illusion

Such stories definitely have some ground and substance

In fact, making money with Bitcoin was pretty easy the whole time since the second half of 2015 and till the end of 2017 (which is over two years, just in case). You could simply buy a few bitcoins at any price back in the day and then wait patiently for your investment to double or triple (and if you were extremely patient you could even quadruple your starting capital). The hardest part was to curb your greed when it was the right time to call it a day. That's what these stories typically don't tell

[dunfida]

Everyone has a different incentive to start working. Someone inspired by the successful story of another person and began to study trade. And someone need to make a lot of mistakes to start doing things right.

Here is the root problem. People get inspired by reading other peoples story of success. I would say they actually get "excited" by reading other peoples success story. The stories they read makes them disillusion. They think that the traders got lucky over night and made some quick huge profit. Even though this is not the reality, the readers still jump into the market hoping they will get rich too. And this is exactly where those traders suffer the most.

I would support that. Based on stories of others people often think that trading is easy and making money with Bitcoin is easy. They don't know how much efforts, experiences, knowledge and risk taking stays behind that. Yes, some success stories could be good motivation and like for any other job for trading you also need some passion but in such cases people have difficulties to tell the real situation from some illusion

Such stories definitely have some ground and substance

In fact, making money with Bitcoin was pretty easy the whole time since the second half of 2015 and till the end of 2017 (which is over two years, just in case). You could simply buy a few bitcoins at any price back in the day and then wait patiently for your investment to double or triple (and if you were extremely patient you could even quadruple your starting capital). The hardest part was to curb your greed when it was the right time to call it a day. That's what these stories typically don't tell

Definitely agree on the thing you have said about the situation where making money with bitcoin was pretty easy into those years unlike now that volatility isnt really that much
which cant really give out chances on making profits.When it comes to money making stories and failures then most people would really have the same story for sure.

[BlueStackz]

A number of investors in cryptocurrency have entered due to FOMO because people around them have been making big crazy profits which turned as a motivation for them to invest as well. So I think that no one who understands the crypto ideology would loose passion but would rather be more passionate.

There will always be honest traders who buy bitcoin for its future price and then sell at a good price and then buyback at lower price. They are the most sensible of all investors. Only thing that they need to sustain is the intervals between these transactions and the criticism that they face. Its tough to be one of such hodlers but its one of the safest and profitable ones out there other than leaving your money in the bank at give it a 6.5% boost every year. LMAO

This automatically implies that everyone is a whale and indirectly saying whales are honest traders, lol. I said this because you did not breakdown the future, have you forgotten that future could be tomorrow too. So, if I come to pump money into the market now and I see a price that profits me tomorrow, I can as well as dump it and not be tagged as whale.

I am just kidding with but on a seriously note, I think we need to define the number of years an investor can leave their money before pulling it out to consider such investor as an honest traders because the activities of whales are not far from what you said, they buy at dip and sell at good price, the only different thing about them is that they manipulate this with large funds.

[Goodvalony]

i think that is an exactly mindset of a beginner in crypto trading. you must pass through that feeling and pains of concentration.  it is not easy to maintain a top class with passing through different chapter.

[Eildosa]

You're right. You very well described situation through which passes every newcomer. Thank you for this information. I hope that she can help many and prevent their mistakes.

[samycoin]

Well all of in crypto have different story about their losing in trading and even investing but sometimes because of losing we've learned many things so we know what we do next time. And it's part of being trader and investor to lose sometimes the important thing is you learn to what happen.