Many new traders are playing to lose

[The Cryptovator]

It's true that most of new traders are in lose on crypto-currency trading. To be honest whales are getting benefits from tradings. It doesn't mean other people's are not gaining. But you need to be a experienced person in order to get profits from crypto-currency trading. If you just trade like glambers then most likely you are going to lose your fund although its depend on your luck. But fortunately you need to learn market analysis for be a good trader.

[hirngespenst]

The same thing happened to my friend. Usually, he doesn't trade but recently he found a signal group, where he saw some successful signals! So, he decided to start trading without knowledge and he ended up with lose! Trade needs experience, knowledge about the crypto market, price chart and patience. New people should gather these virtues before trading!

[Mrcharles]

Trading cryptocurrency requires a great deal of patience and skills, one needs to learn the basics and hope to grow in a the process. I remember the time I started trading cryptocurrency, it wasn't an easy process learning how to set trades and I can say it takes some extent of luck to be a good trader.

[Plinteng]

I play to win but what often happens is losing. I like to trade in binance and use bitcoin to minimize losses because the current price of bitcoin is increasing. related to trading, I think we must have extensive knowledge before doing so and never be greedy if you see an opportunity to sell immediately.

[bering]

You should be give an advice to your friend that as you says trading is not something can do with rush and there is no instant way how being to expert traders so it took plenty of process to reach as good traders and losing the money is became an common thing in trading but do not give up and learn from the mistakes is necessary to makes us better

[torpedo]

Newbies lose in trading because of lack of experience. They only see the good side of the picture while completely ignoring the other side of the image that they have a chance of losing too. I myself have made those mistakes in the past and have learned from my them so it is essential to learn from your mistakes.

[irixo10]

As sad as it sounds but many are trading to lose. Some think trading is something you jump into without any prior knowledge or guideline from an expert. They say knowledge is power therefore to win in trading one needs to seek the knowledge first from experts. I think you should talk to your friend to first learn all about trading before he ends up lossing all capital.

[Meysa_richa]

Cryptocurrency trading does have a very high risk, we can lose money if we are not good at analyzing and buying coins for us to trade.  Moreover, your friend is a beginner.  You should guide your friend so he doesn't lose his money.

[xenomorphe1]

Before buying cryptocurrencies, your friend should have learn how does trading work by trying trading with a demo account on some exchanges. And you can't always win immediately. He should study more about how cryptocurrencies work too and be patient before taking a decision. And he should accept the results of his actions.

[fathur01]

I also started trading in the same way. This is really a very big mistake. Unfortunately at that time there was no person around who could tell me what to trade in this way is not worth it. Much easier now. There is a lot of information about trading online and it will not be difficult to find a mentor who could teach you everything.

[Moiyah]

What kind of trader was your friend? Swing trader? Did he instantly lose all the $100? If he is a typical trader he can still hodl and wait for another pump. But if he is a margin/swing trader. Necessary precautions, not hastily entering the markets, good technical analysis was needed and possible that he might lose that $100 in an instant because of wrong entries and strategies.

[tondenga2122]

As long as you can manage your money, you can easily limit your loss.
Trading is not a good way to make money quickly. You need to be calm. Making a profit of around 1-5% / day is good already, as long as you not rushing it.
In trading If you greedy, I'm sure you will be losing more.

[reality18]

New traders are playing to lose because the amateur traders fail to learn and practice first to gain the required expertise before starting their crypto trading. Cryptocurrency trading is a whole profession which cannot be entered without any knowledge on how it works. The fact it, it goes beyond the normal principle of buy low and sell high.

[arnefrie]

In my opinion, in general there are other options that make it possible to somehow earn. And trading is only one of them

[vanimis]

In my opinion, in general there are other options that make it possible to somehow earn. And trading is only one of them

But what are other options, from your point of view? Any you can outline?

[arnefrie]

But what are other options, from your point of view? Any you can outline?

Well, from my point of view, in here we can also speak about investing, holding and, for example, mining

[vanimis]

Well, from my point of view, in here we can also speak about investing, holding and, for example, mining

Hmm, I would say that mining, for example, is a bit more complicated and requires more knowledge

[arnefrie]

Hmm, I would say that mining, for example, is a bit more complicated and requires more knowledge

This is indeed so. Cause more things must be taken into consideration in here, like costs and equipment price

[vanimis]

This is indeed so. Cause more things must be taken into consideration in here, like costs and equipment price

Absolutely. And have you ever tried mining on your own?

[arnefrie]

Absolutely. And have you ever tried mining on your own?

Yep, I have. And that's why I am sharing the experience