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Author Topic: Im sick and tired of this Bitcoin  (Read 1417 times)
Polo7 (OP)
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August 22, 2019, 08:20:44 PM
Merited by cfbtcman (1)
 #1

Where is the money?
In this real the real money


Sick and tired seeing some rubbish tokens I invested into some, Nothing.



I Don't know how should I make money with Bitcoin?


I been doing trading but You need at least few thousend to make it worthed time And efforts.


I have done trading day trading and swing trading..
What is scam about this that sell price on exchanger are always lower then Buy price.
Its a pure scam Exchangers Got fees from US... Why They steal like this more?
So the Trading on Exchangers like binance ,polo is worthed Only for People who Got Good wealth all Ready!!





Thank You and I Hope at least someone Here Had a Good day!!
BitMaxz
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August 22, 2019, 09:52:32 PM
 #2

If you are doing day trading it won't give you high or maximum profit you are just wasting your daily fee if you trade daily.

I suggest trying weekly movement instead of daily movements because the movement for daily trade is little compared to weekly or monthly. Just always set your stop-limit and stop-loss in binance. You can manually set if what price you want to sell for your coin if you just directly sell your coins it won't give you a profit. That is why I suggesting you use the stop limit feature for weekly trading so that you don't miss some high price movement or stop-loss to sell coins before the price drop a lot.

I don't know about Poloniex I am not trading their anymore due to KYC.


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vintages
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August 22, 2019, 10:59:12 PM
 #3

Trading is not for every one.
In as much as you might have heard these words many times, they are true!
Exchanges are not running a charity business, it's all about the profit. Which contributes to why buying price is higher than selling price.
In trading sometimes you gain big, sometimes you lose big; more like gambling.
To get less frustrated, it's best you store your Bitcoin in a secure wallet and wait for the better days to come.
livingfree
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August 22, 2019, 11:12:28 PM
 #4

You don't actually need a few thousand to make thousands. Take the example of patient holders that has held bitcoin for years, it's also stressful mostly if you are checking the charts daily.

But the ease to this kind of strategy, you don't have to do anything. If you fail as a day trader, you need to take time and restudy your course. You can shift as a holder of bitcoin since you've failed with altcoins.

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kawetsriyanto
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August 22, 2019, 11:25:48 PM
 #5

I think you have a too big expectation. How much profits do you want to make it meet with your hope?
Actually, people always expect more and more profits. But it must make sense with your capitals and the current condition on crypto market. You mustn't gain big profits or be rich suddenly by trading or investing. Everything needs a process and takes time to make it real. Moreover, our strategy sometimes cannot run effectively, it possibly gets losses. But this is a natural process and remember that not all coins can be successful to gain profits for us.
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August 22, 2019, 11:37:14 PM
 #6

Where is the money?
In this real the real money


Sick and tired seeing some rubbish tokens I invested into some, Nothing.



I Don't know how should I make money with Bitcoin?


I been doing trading but You need at least few thousend to make it worthed time And efforts.


I have done trading day trading and swing trading..
What is scam about this that sell price on exchanger are always lower then Buy price.
Its a pure scam Exchangers Got fees from US... Why They steal like this more?
So the Trading on Exchangers like binance ,polo is worthed Only for People who Got Good wealth all Ready!!





Thank You and I Hope at least someone Here Had a Good day!!
It is hard to understand what you are trying to say, but I guess all you are trying to say is that you are really frustrated/disappointed with bitcoin because you could not make any money with it?
Well first of all, looks like you have invested your money on some shitty ICO and lost a lot. ICO tokens and bitcoins aren't the same. Secondly, looks like you don't have any idea how the market works and thus you weren't able to make any profit using bitcoin. Well, trading comes with a risk and it isn't as simple as you think.
Did you buy bitcoin last year? If so, then you already made some decent profit!

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cfbtcman
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August 22, 2019, 11:41:13 PM
 #7

Forget trading that is a lost of time and money, exchangers are like casinos, they got always one % in the end only traders lost.

You can earn money mining, when you enter in a exchanger and you buy bitcoin what you need to wait to make money?

BTC need to grow up! Its the same as you mine even if you dont have profit, you need to wait BTC value goes up to come to the green,

Mining you are supporting the network and you can keep your earnings safe in a offline wallet, not the money in the hands of exchanger that can be robbed, hacked etc.

Doing that you are protecting the bitcoin crashes by robbers like Mtgox, trading its just one illusion, exchangers are good just to buy bitcoin and withdraw immediately, nothing more, the best trading is to buy products with bitcoin, using it and promoting Metcalf Law:

https://en.wikipedia.org/wiki/Metcalfe%27s_law

Where is the money?
In this real the real money


Sick and tired seeing some rubbish tokens I invested into some, Nothing.



I Don't know how should I make money with Bitcoin?


I been doing trading but You need at least few thousend to make it worthed time And efforts.


I have done trading day trading and swing trading..
What is scam about this that sell price on exchanger are always lower then Buy price.
Its a pure scam Exchangers Got fees from US... Why They steal like this more?
So the Trading on Exchangers like binance ,polo is worthed Only for People who Got Good wealth all Ready!!





Thank You and I Hope at least someone Here Had a Good day!!
maxreish
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August 23, 2019, 12:06:44 AM
Last edit: August 23, 2019, 05:22:02 AM by maxreish
Merited by Slow death (2), michellee (1)
 #8

Where is the money?
In this real the real money
This is digital money. If you want it to be real, convert bitcoin into fiat to make it as you want it to be "real". It's not fake. We can actually purchased anything using cryptocurrency coins like bitcoin, eth, etc.

Quote
Sick and tired seeing some rubbish tokens I invested into some, Nothing.
That's the problem with you. Whenever you have wrong decisions of investing in some altcoins, the whole thing touches the ground. It's you who wrongly choose the right coins to be invested.

Quote
I Don't know how should I make money with Bitcoin?
What? You simply buy low and sell high. Or buy, hold, sell high. Maybe what are you trying to say is that you do not know when is the right time to make money with bitcoin. Everyone knows how to make money with it but they do not know the right timing.

Quote
I been doing trading but You need at least few thousend to make it worthed time And efforts.
You need efforts but you do not need thousands. You see, I have started to buy not the whole one bitcoin but just a part of it. And until now, I am gaining profits.

Quote
I have done trading day trading and swing trading..
What is scam about this that sell price on exchanger are always lower then Buy price.
Its a pure scam Exchangers Got fees from US... Why They steal like this more?
So the Trading on Exchangers like binance ,polo is worthed Only for People who Got Good wealth all Ready!!

I do not want to be rude here but just because you lose some money in swing trading or scalping doesn't mean that the exhanges you have been doing the trade are scams. Haven't you reflect on your wrongdoings and see what was wrong with your trades? You can start all over again if you had determined your past trading mistakes. If you are worried with the fees, try looking for the lowest fees rate.
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August 23, 2019, 01:57:24 AM
 #9

Where is the money?
In this real the real money
This is digital money. If you want it to be real, convert bitcoin into fiat to make it as you want it to be "real". It's not fake. We can actually purchased anything using cryptocurrency coins like bitcoin, eth, etc.
Yep. He can get the real money by selling his bitcoin to fiat and send it into his bank account. Gladly, now we can buy something using cryptocurrency, and in the future, maybe we will see the more online store and offline store using cryptocurrency too.

Sick and tired seeing some rubbish tokens I invested into some, Nothing.
That's the problem with you. Whenever you have wrong decisions of investing in some altcoins, the whole thing touches the ground. It's you who wrongly choose the right coins to be invested.
He needs to know the right coins to invest, so he doesn't feel sick and tired. Maybe he needs to learn how to analyze first, so then he can select the coins. But if he follows what people suggested, then it might be the wrong decision because he doesn't analyze by himself and just follow.

I Don't know how should I make money with Bitcoin?
What? You simply buy low and sell high. Or buy, hold, sell high. Maybe what are you trying to say is that you do not know when is the right time to make money with bitcoin. Everyone knows how to make money with it but they do not know the right timing.
It is difficult to know when is the right time, but we have a clue here. If he can see the coin can increase high or so high, that will be the best time to sell so he can make money with bitcoin or with altcoin. That is the hard thing that we must face, but we can learn that by reading more about trading.

I been doing trading but You need at least few thousend to make it worthed time And efforts.
You need efforts but you do not need thousands. You see, I have started to buy not the whole one bitcoin but just a part of it. And until now, I am gaining profits.
Yes, efforts take the biggest part for every people. There is no step two before we pass step one. Although you only have little money to start, it doesn't mean you cannot make a big profit. Every people have a chance to get the profit from trading, but do we have the effort to try? That is the question.

I have done trading day trading and swing trading..
What is scam about this that sell price on exchanger are always lower then Buy price.
Its a pure scam Exchangers Got fees from US... Why They steal like this more?
So the Trading on Exchangers like binance ,polo is worthed Only for People who Got Good wealth all Ready!!

I do not want to be rude here but just because you lose some money in swing trading or scalping doesn't mean that the exhanges you have been doing the trade are scams. Haven't you reflecr on your wrongdoings and see what was wrong with your trades? You can start all over again if you had determined your past trading mistakes.
I think that is because we cannot trade with the right, and we always make a wrong buy, so that will make us get lost. We need to fix the trading style we use, and maybe we need to break for a while and learn something else about trading so when we come back to trade, we can analyze better than before. That will give us more chance to make money.

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August 23, 2019, 02:17:22 AM
 #10

trading is a risky venture
overall, long term, it seems better to be hodl your btc versus trying to make a few satoshi's here and there
i let my trading bot do my actual trading, as i don't have time to trade manually non-stop, as i'm usually busy with school and 9-5 work.
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August 23, 2019, 02:23:34 AM
 #11

I Don't know how should I make money with Bitcoin?
Like a normal person. Bitcoin is a cryptocurrency, and how do you earn currencies? You either start a business, get a job, or do gigs. In your case, if you really want to trade, either you suck it all up and try harder or do something else instead. Trading ain't for everyone.

I been doing trading but You need at least few thousend to make it worthed time And efforts.
You don't need to start with a few thousands at all. I've known people who started with just a few hundred dollars.

What is scam about this that sell price on exchanger are always lower then Buy price.
Its a pure scam Exchangers Got fees from US... Why They steal like this more?
Exchanges are a business. For them to make money, then need to set up fees. Exchanges aren't a charity.

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August 23, 2019, 02:51:46 AM
 #12

Trading is not for everyone.

Another thing is that trading will not always give you a profit, it still has its risks. Risk of losing and as a trader and investor you should know that cryptocurrencies especially Bitcoin is so volatile. If you don't know what you are doing better find other things you can do for you to earn money.
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August 23, 2019, 03:06:03 AM
 #13

I Don't know how should I make money with Bitcoin?
the same way you make money with USD, JPY, CNY, ....

Quote
I been doing trading but You need at least few thousend to make it worthed time And efforts.
what did you expect? to become a millionaire by investing a small amount like $1?
it is the same in any other market. if you enter stock trading with a small amount you won't make enough to make it worth the time!

Quote
What is scam about this that sell price on exchanger are always lower then Buy price.
lol.
again you seem to have unrealistic expectations from the market! in this case the sell price can not be higher than buy price because it doesn't even make sense! the sell orders which indicate the price you sell at are others who are placing their order at that price. if they wanted to place a sell order higher than buy order price then they fill one of the buy orders and there would never be a sell order placed in first place.

Quote
So the Trading on Exchangers like binance ,polo is worthed Only for People who Got Good wealth all Ready!!
trading is a hard thing, it is not just for bitcoin but generally trading in any market is hard. trading in these altcoin exchanges (trading altcoins) is even harder because altcoins are manipulated. it is not about "wealth" it is about having experience and then investing what you can afford to lose.

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August 23, 2019, 03:51:21 AM
Merited by Slow death (1)
 #14

Quote
I been doing trading but You need at least few thousend to make it worthed time And efforts.
what did you expect? to become a millionaire by investing a small amount like $1?
it is the same in any other market. if you enter stock trading with a small amount you won't make enough to make it worth the time!
I empathize with your frustration OP. However incoherently it may have been expressed, I understand and hear you.. Wink...

Most people who heard about Bitcoin in 2017-18, heard about it because of the stories of insane returns and 10X ICOs and free tokens. The intelligent amongst us realized quite early that you have to flip to fiat or BTC as soon as the scammy ICOs turned a profit. This category of people made a lot of money.
Sadly, A lot of us (including me) were awed by the promise of "Blockchain Technology" and ended up "believing" in the vision of some of these "World-computers" and "Smart contracts for Decentralized Finance" Shocked and all that shit... Cheesy Cheesy..

I feel amused more than scammed that the idealist in me fell for these tech promises. Maybe I am amused because it wasn't really the idealist but the wannabe "investor" who secretly thought "Ahaaa..Here is the next "Apple/ Google" that I am "investing" in, (Smart Investor Me) that nobody else knows about. Now I just gotta wait till it explodes and I'll have my own story of 'trials and tribulations and being a visionary'.." Grin Grin
As shills and TG groups and Binance trading took over, we realized that it was not the technology but the bag-holding and bag-dumping at the right time that mattered most.. Shocked

Now most people have realized that it is going to be just BTC. Most of what these "revolutionary" ICOs/ Alts boast of doing can be and will be done on BTC or BTC Sidechains at some point of time. The Alts will mostly die out retaining value only as long as the respective "Teams" have cash to burn or cash to raise from their own echo-chamber communities. So any of you hopefuls out there still searching for these "pearls" in the barren landscape of Alts, Do yourself a favor and realize that it has been picked clean.

The cycle of big BTC holders buying Alts leading to a push in their value so that the smaller "investors" can flip a profit is gone.

The present cycle has "smart ICO scammers" making up fluffy stuff that the "small investors" will buy up. They can then keep the money while the same "small investors" shill it for them. The "Devs" will just wind up shop and you will be left thinking, "Ohh well, at least i tried".. Grin Grin
This is all bewildering because it is all Legendarily-Fucked up..(It is only you who thinks it is actually the short form for L-UCKED UP..)

So, the best advice for people like OP and myself would be from majgul above:


Like a normal person. Bitcoin is a cryptocurrency, and how do you earn currencies? You either start a business, get a job, or do gigs. In your case, if you really want to trade, either you suck it all up and try harder or do something else instead. Trading ain't for everyone.

Do some work or suck it up is that "its about bag-holding AND bag-dumping at the right time." Or else, Just stick to the Big Daddy, BTC.
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August 23, 2019, 05:50:20 AM
 #15

I gave up on day-trading Alt coins, because the only people making money is the exchanges that are leeching the fees generated from these frequent transactions.  Roll Eyes  I even tried a financial service that specialized in Alt coin trading and it turned out that these services are just doing the same thing, by added their fees on top of the exchange fees.  Angry  <Just eating away your investment capital>

I am now more focused on long-term hodling of Bitcoin and a small amount of Alt coins with future potential that might give some good profits over time.  Cool  <Less stress & less fees>

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samputin
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August 23, 2019, 05:55:13 AM
 #16

I Don't know how should I make money with Bitcoin?
Like a normal person. Bitcoin is a cryptocurrency, and how do you earn currencies? You either start a business, get a job, or do gigs.

And that's the reality of life. As what I have learned from a movie, "Dreams don't come for free. Nothing comes from nothing." Same goes here in this community. If you want to earn cryptos, then you have to work for it. Also, there are other means of earning such apart from trading. Maybe you can try others which you find your strength and eventually grow with it. Trading may not be for you right now, but if you really want to pursue it, then you'll exert more effort to be better at it. Just take note the saying above.

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killat
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August 23, 2019, 06:13:43 AM
 #17

One of the main rules in crypto is to have patience,  or you don't look to have too much remaining patience. 😊

The easiest and less stressful way to earn some money in crypto is to buy a hardware wallet to be sure you won't remain without your funds overnight and hold your Btc for at least 2-3 years. Don't panic sell, don't verify the price too often and never invest in crypto more than you can afford to lose.

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Be kind whenever possible. It is always possible
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TalkStar
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August 23, 2019, 06:28:35 AM
 #18

As a beginner on trading its a common thing to face this kinda situation. You should gather proper knowledge's about best trade able coins which are listed  on your desired exchange. Choose best coins which are stable enough to give you handsome profits from regular trading. Don't run after sudden price bump. On the other way you can pick some coins by researching their project carefully and invest your fund for long time.

For new traders long term investment is much better than day trading. At the very beginning honestly its slightly tough to make profits from day trading. After building necessary trading skills and experience day trading can be a good source for making profits but not in the very early days.


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August 23, 2019, 06:38:15 AM
 #19

I gave up on day-trading Alt coins, because the only people making money is the exchanges that are leeching the fees generated from these frequent transactions.  Roll Eyes  I even tried a financial service that specialized in Alt coin trading and it turned out that these services are just doing the same thing, by added their fees on top of the exchange fees.  Angry  <Just eating away your investment capital>

I am now more focused on long-term hodling of Bitcoin and a small amount of Alt coins with future potential that might give some good profits over time.  Cool  <Less stress & less fees>
Were the same. I also gave up trading not because they are leeching the fees but because I felt that it is not for me. I always lose in trading and luckily I didn't invest too much on it.

I also focused on holding already Bitcoin and some altcoin. Long live the HOLDERS!!!!!

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August 23, 2019, 06:40:20 AM
 #20

the money is on the screen . you can only see numbers but they arent fake because its a digital currency  . you dont need to force yourself to invest on other cryptos or tokens and no one has told you to invest on them  . if you want to earn in a safe way then you should only stick on bitcoin . on trading you dont also need to have a huge capital because small capital can do as long as you know what your doing  .  lastly , if you still hate bitcoin then why your here on a bitcoin forum ? asking this stuffs ? better if you can take a break for awhile to loosen your anger ,.
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