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Author Topic: I lost all my bitcoin  (Read 1342 times)
arimamib
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January 21, 2020, 07:41:13 AM
 #21

whatever you choose then it is your right, you need to be confident in the developments you will make next. I refer you to make a business in the real world, and so on, you can convert the funds again in this industry. if you leave this industry I think you will learn new things again elsewhere, so if you want to invest elsewhere then don't leave the crypto investment in full.

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January 21, 2020, 07:47:07 AM
 #22

whatever you choose then it is your right, you need to be confident in the developments you will make next. I refer you to make a business in the real world, and so on, you can convert the funds again in this industry. if you leave this industry I think you will learn new things again elsewhere, so if you want to invest elsewhere then don't leave the crypto investment in full.
Very well said. You are right. He is the one who holds his own fate and also the success of himself depends upon how hardwork he is and I think it is good if you invest in both real world and here in the virtual world. And yes you should try new things most especially business if you reslly want to increase your money savings.
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January 21, 2020, 07:59:12 AM
 #23

Do you trade leverage? Because it is impossible for non-leveraged trading to lose all bitcoin. At least you only lose by its value.
Diversification is a way that I think is good for minimizing risk, because if one loss there is a possibility that the other is not necessarily loss. Not only stocks, cryptocurrency can also be diversified, so don't limit yourself if diversification can only be done on the stock market.

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January 21, 2020, 08:03:15 AM
 #24

If the strategies you use are not effective then think of other ways or simply hold. Dont make it too complicated because even you dont do anything to your bitcoin you can still earn by simply holding and wait for price pump, less stress for your part.

But still it depends on your plan, if you want to diversify then do it, but dont forget to take time learning before investing your hard-earned money.  

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January 21, 2020, 08:17:08 AM
 #25

I think this is your own carelessness, and don't see a very good situation to invest in several factors, so for that reason think for a moment to do what you have done and risk losing your money. Maybe from here you can take lessons in a number of things to do something that is very valuable for you to understand.

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January 21, 2020, 08:27:08 AM
 #26

if you think diversification of investments in the stock market is good for you, just do what you think is good, because whatever it is shares and crypto investments all have their own risks, but if it's not good you think just leave it, because everyone trades in crypto or shares of course you already understand the risks, so you can start which one you think is safe, but if you don't want to be at risk it's better to leave and don't have to invest anything

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January 21, 2020, 08:37:03 AM
 #27

Margin, leverage these kind of trading options are only for expert and financially strong traders because it's very high risky way to trade and they can afford it this is the simple point which is necessary to understand for beginners and average skill traders anyway I won't say that forget about the mistakes which you have done in past because the mistakes are good lesson for you and it will be helpful for you to establish yourself again just don't loose your confidence.
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January 21, 2020, 08:45:20 AM
 #28

control of an activity is necessary, in my opinion, trading using the long and short methods is the same as bet. it's just this margin version. when you don't control everything, losing is the biggest risk. better now is to start to buy and hold bitcoin. this is a form of passive investment. and not disturb your emotions. This is better for an investment without the risk of being out of control.
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January 21, 2020, 08:57:07 AM
 #29


Going short or long has got me so much money but at the same time, it makes me too bold.

 

Now what?

Stop doing it? or Start diversified investment in Stock?

or Not at all?



Just start focusing on your job and return to bitcoin if you have some money to invest, money other than your personal savings. because if you engage in this industry too early, you will end up losing everything you have. That's why most of the people who want to invest in BTC are working to gather enough knowledge before doing so and FYI not all of them are successful. only those who have enough patience can hold longer to this volatile market.

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January 21, 2020, 09:21:42 AM
 #30

Such is life mate. Some people learn it the hard way and others don't.  In as much that you lost your Bitcoin, life still goes on. Get a real job and everything will be okay.
I agree,  it wasnt the end of everything yet.  Maybe you fall but stand again. In fact you can earn again what you have lost, you really need to start over again. Finding a real job was really the best thing to do now to slowly get and earn money again.

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January 21, 2020, 09:46:04 AM
 #31

I think learning strategy and psychology is more important. we can not take advantage of opportunities because of greed, so that claimed the profit that should be obtained, after that psychologically disturbed so that they can not think healthy. therefore fix psychological first and then return to the market

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January 21, 2020, 09:50:55 AM
 #32


Going short or long has got me so much money but at the same time, it makes me too bold.

Now what?

Stop doing it? or Start diversified investment in Stock?

or Not at all?

That is what leverage trading is all about. That is why it is somehow comparable to gambling because it could give you x100 profit very quickly but it could also take everything from you in a blink of an eye. Leverage trading is best to those who have a lot of experience in trading already.

Don't stop trading but if you are not yet very knowledgeable about that kind of trading, you better start and get better in spot trading first before jumping into the use of leverage. That is a double-edged sword that as sweet as it is dangerous.

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January 21, 2020, 10:00:03 AM
 #33

I don't see the connection of your title to what you want to ask. That's your money and you can continue your plans of holding it. Determine yourself for shorting or going long right now. You can diversify as much as you want but the very tip that I'll tell you is don't leave your bitcoin investment and never sold all of it. Sell some for diversification but still allocate an amount for a longer time so that if bitcoin ever pumps again and grows naturally, you still have something to get.

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jhonjhon
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January 21, 2020, 10:13:52 AM
 #34

let me guess, surely you do leverage trading, leverage trading can indeed maximize profit, but the risk is also very big, very not recommended especially for beginners, in this forum there are many who trade bitcoin but don't lose all bitcoin, so far my bitcoin is still okay, because I trade normally without leverage.

It must be the case, leverage trading is good because it can give you big profits but that is if you predicted it correctly but it not then it could make you broke as hell. For me, leverage trading is good but only use small percentage of leverage and only spend the amount you can afford to lose, don’t gamble all your money while doing leverage trading.
Dart18
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January 21, 2020, 10:19:29 AM
 #35

Did you rush the process?

I bet you did.
Did you even try to learn the movement first?
History, daily movements, and everything that needs to be done before trading it?
If you didn't, then you might want to step back first. It will just get worse if you continue it.
Better to just save more and get ready.

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January 21, 2020, 10:27:06 AM
 #36

let me guess, surely you do leverage trading, leverage trading can indeed maximize profit, but the risk is also very big, very not recommended especially for beginners, in this forum there are many who trade bitcoin but don't lose all bitcoin, so far my bitcoin is still okay, because I trade normally without leverage.

It must be the case, leverage trading is good because it can give you big profits but that is if you predicted it correctly but it not then it could make you broke as hell. For me, leverage trading is good but only use small percentage of leverage and only spend the amount you can afford to lose, don’t gamble all your money while doing leverage trading.
trading leverage can indeed be profitable, but as you said don't use lots of funds when trading in this way. and must know the potential time when doing, and certainly accuracy is important. what used to make failure is the emotional level, because I once traded in a way to leverage but I could not control the emotions that finally made my funds run out and ended up holding for quite a long time.

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January 21, 2020, 10:56:22 AM
 #37

You should change your mindset. You believe in the tech or you don’t, if you are just in for short term profits and not willing to put time and effort in it, you will lose. I recommend instead of trading, just do investing in Bitcoin and Hold for at least 3 years. I love HODLing because people who believe in the tech aren’t stressing out everyday. All those ignorant quick profit seekers deserve to lose. It’s not about any coin it’s about the tech and one thing for sure, this tech is gonna change the world as we know it, and although I lost too mush in day trading, but I’m still loving it and I learned to invest and HODL.
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January 21, 2020, 11:07:23 AM
 #38

Now what?
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Stop doing trading? I think you should but don't stop investing on Bitcoin but instead change your strategy from trading to buy and hold strategy Smiley

Diversifying your funds into different investments is a good idea only if you have a large funds. Having a large fund means that you can pick many stocks and invest big amount of money there. If you don't have that much money, 2-3 investments is fine already (disregard Bitcoin). In the end, it is your decision to make. We are just sharing our opinions. Good luck Smiley

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January 21, 2020, 11:14:54 AM
 #39

Go on what you feel like is right. If you want to push investment in bitcoin which most the people here would recommend I suggest you go and study more things about trading, more knowledge will help you profit. Now if you feel like you want to push investing in bonds because you feel it more to be better than bitcoin then go, nonetheless, both of them are good investments.

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January 21, 2020, 11:18:43 AM
 #40

Now what?
Stop doing it? or Start diversified investment in Stock?
or Not at all?
Stop doing trading? I think you should but don't stop investing on Bitcoin but instead change your strategy from trading to buy and hold strategy Smiley

Diversifying your funds into different investments is a good idea only if you have a large funds. Having a large fund means that you can pick many stocks and invest big amount of money there. If you don't have that much money, 2-3 investments is fine already (disregard Bitcoin). In the end, it is your decision to make. We are just sharing our opinions. Good luck Smiley

Why stop trading? Just because you failed in it once does not mean you will fail in it all the time and the rest of your life. Learn something from it and make yourself a better trader in the future. Every trader failed many times in their lives as a trader. That is something I am 100% certain. The road to expertise and success will have failures on it.

 
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