Don't trade what you can't risk loosing

[hahay]

Not sure about that which loses all bitcoin you have, because when you lose all your funds or capital then at least you have chosen coins from the wrong project, because it is not possible if you only trade bitcoin with usd or with other currency pairs that can traded with bitcoin will lose everything without any left, as bad as you can in trading at least you will still get a return at the end even if the results lose but it will not lose everything because this is trading not gambling.

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[barbara44]

People do not really care about their future as much as they think, they do huge investments and risk all their money because they believe if they can get it right just once they could actually make a lot of money and then their future will be pure bliss but what they are forgetting is the fact that if they risk all their money and end up losing, they are going to live a horrible future (at least until they recover).

Buying bitcoin with credit card is one of the examples of this, in USA you can do that with coinbase, buy bitcoin with credit card and if you do not have money in your card and go to debt because of it, there is really no point on continuing such a thing because you are getting money from one pocket and removing from the other one which doesn't make sense.

[South Park]

You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

This is common sense and yet so many people do not seem to get it, they get introduced to bitcoin and if they happen to lose their money then they blame the person that introduced bitcoin to them when it is clear they are the only ones responsible for their problems, after all as you say if you buy 10 BTC even if the price of bitcoin goes down you will still have 10 BTC, the only way to lose that bitcoin is by investing in altcoins that have no future and keep holding until the coins crash all the way to zero, and bitcoin is not at fault when that happens.

[abel1337]

People do not really care about their future as much as they think, they do huge investments and risk all their money because they believe if they can get it right just once they could actually make a lot of money and then their future will be pure bliss but what they are forgetting is the fact that if they risk all their money and end up losing, they are going to live a horrible future (at least until they recover).

Buying bitcoin with credit card is one of the examples of this, in USA you can do that with coinbase, buy bitcoin with credit card and if you do not have money in your card and go to debt because of it, there is really no point on continuing such a thing because you are getting money from one pocket and removing from the other one which doesn't make sense.

It's like being a happy go lucky person that doesn't think about the future and the possibilities that they can get after they trade/invest amounts that they can't possibly lose.

In your given scenario that being all-in in investment is a very cruel move especially if you don't literally have plans and sooner or later can possibly make your life worst because of the debt you have. This kind of scenario defeats the purpose of investing because you suffer from the investment you did and not acquiring a good life with the possible profit you can get.

[Shasha80]

If we want to succeed in trading, always follow the basic rules in trading. One of them uses capital that we can afford to lose.
Very true if you can't risk loosing better don't trade. Just hold all the capital you have, so the risk becomes very small. Even
though we know that trading can produce 1000x, but the risk is huge. Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.

[Jateng]

If we want to succeed in trading, always follow the basic rules in trading. One of them uses capital that we can afford to lose.
Very true if you can't risk loosing better don't trade. Just hold all the capital you have, so the risk becomes very small. Even
though we know that trading can produce 1000x, but the risk is huge. Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.

I agree, even people who have experienced in trading have also lose some amount of money even they do it a lot of time so it's not a hundred percent guarantee that you can totally win it a lot. They should master a lot of strategy and analyzing a lot of charts before they will place their order. Newbies should know the higher risk if they trade a higher amount of money. I suggested that start with small amount to become not emotional in handling the money throughout the process of self-development and making right orders in trading.

[princerepon]

Of course this is the first rules for trading "Don't trade what you can't risk loosing". And many people in this thread learn from their mistakes. Specially those people whom knew crypto currency before 2018. I agree also that holding is much safer than trading. Holding bitcoin is totally safe but if you try to hold altcoin then you have to think twice which altcoin are you holding. Choosing wrong alt is very dangerous for hold. 10 BTC at this moment really valuable. I will recommendation to new traders that "calculate the amount of water before you jump in to the pond".

[Oasisman]

Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.

People with high risk tolerance aren't limited to only those professional or experienced traders. There are those beginners who are totally aware of what worst might come ahead while learning the ropes of trading. Of course, lossing some is considered as "automatic" when you're on the basic course of trading, only you're lucky if you don't lose too much, because there are those who are talented enough to analyze the market movements, signals and TA's during the early stage of their trading careers.
However, holding is simply easier than day/short trading.

[GrayFullbuster]

Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.

People with high risk tolerance aren't limited to only those professional or experienced traders. There are those beginners who are totally aware of what worst might come ahead while learning the ropes of trading. Of course, lossing some is considered as "automatic" when you're on the basic course of trading, only you're lucky if you don't lose too much, because there are those who are talented enough to analyze the market movements, signals and TA's during the early stage of their trading careers.
However, holding is simply easier than day/short trading.

But there are some newbie mindset that can be called as suicide mindset because they are not expecting any losses and onky profits. For those new in the markets, do not trade what you cannot lose. If you have savings, do not all in it in trading because there is a high risks that can lead you to huge losses. We should just put money that we can afford to lose.

[quality.crypto]

Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.

People with high risk tolerance aren't limited to only those professional or experienced traders. There are those beginners who are totally aware of what worst might come ahead while learning the ropes of trading. Of course, lossing some is considered as "automatic" when you're on the basic course of trading, only you're lucky if you don't lose too much, because there are those who are talented enough to analyze the market movements, signals and TA's during the early stage of their trading careers.
However, holding is simply easier than day/short trading.

But there are some newbie mindset that can be called as suicide mindset because they are not expecting any losses and onky profits. For those new in the markets, do not trade what you cannot lose. If you have savings, do not all in it in trading because there is a high risks that can lead you to huge losses. We should just put money that we can afford to lose.

People who are not confident about the trading better they need to stay away from the trading because trading loss cannot be estimated. We should always analyze the situation of the market before placing an order, it is not an easy job to survive, but there is a huge chance for us to lose too much amount of the money.

[Kasabus]

Of course this is the first rules for trading "Don't trade what you can't risk loosing". And many people in this thread learn from their mistakes. Specially those people whom knew crypto currency before 2018. I agree also that holding is much safer than trading. Holding bitcoin is totally safe but if you try to hold altcoin then you have to think twice which altcoin are you holding. Choosing wrong alt is very dangerous for hold. 10 BTC at this moment really valuable. I will recommendation to new traders that "calculate the amount of water before you jump in to the pond".

Trading is risky if you are not sure of what you are doing. But if you trade with much preparation, gained a lot of knowledge from different experiences, it will surely lessen the risk in trading. As long as you trade only with the amount you can afford to lose, then there's no wrong with it. Trading is not making profits all the time, sometimes it will also make you lose.

[redsun114]

Let's research at the middle and say that trading is definitely for professionals who know what they are doing but there could be some newbies out there who are future professionals, not every experienced trader starts as an experienced one, they do have times when they are not experienced and professional, think about the early days of their trading life when they were inexperienced and not professionals, well there are those people in crypto as well, people who are newbies but have what it takes to be a crypto trader in the future and be great at it, they are just taking their first steps and maybe they will make mistakes but eventually they will definitely get better and better.

[isaac_clarke22]

If you're trading, don't trust too much  in social media. I've seen plenty of posts already in Twitter from random people about their thoughts in BTC plummeting at a certain price. It is just merely speculation and don't get caught with it because surely/nearly 100% you're just gonna lose due to FOMO which is pretty common in this market.
@OP
Is that a news from a twitter post you quoted or it is just a random guy's tweet?

[htsy585]

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

I can't deny the fact that the entire cryptocurrency sector isn't secure from hacks to crypto volatility. We've witnessed the hack of various exchanes leading lost of millions of assets, due to that lots of exchanges haves seize operation as they can't refund the asset catted away and another security problem is the volatility of cryptocurrency market.
 The 2017  price fall validates the fact that crypto assets can loose more than half of there value overnight, so just imagine someone entering into this space with his/her lifesaving

[ufaiz50]

You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

this is weird, someone who has 10 btc is that stupid? and anyways it's impossible if you lose all your money from btc trading. btc is not zero and will not be shitcoin.

I've heard a lot about how someone loses money from trading, but this is the strangest thing.

[Lanatsa]

You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

this is weird, someone who has 10 btc is that stupid? and anyways it's impossible if you lose all your money from btc trading. btc is not zero and will not be shitcoin.

I've heard a lot about how someone loses money from trading, but this is the strangest thing.

Same thoughts in mind on which a man that do have 10 btc arent aware into his surroundings.For sure he would really have that even basic idea on how thing works and not just simply shoot all that 10BTC and lost it all.
If that 10btc been transferred to that fund manager and the one who traded up then it do only have two things which that dude honestly lost it all in trade or just simply make those coins directly goes to his own wallet.
Everything should really be learned up even the basics on this crypto space because it will really cost you some coins if you do even the slightest mistake.

[Kelvinid]

Even you have a lot of money and even you can afford to lose it but I'm not thinking that you can just give throw it away.
Even you have that thinking but it for sure you don't let that thing will happen to you and I know you will have to work and to save some rather than letting it off it from your hands. That is we have to understand that people have come into trading are risk-takers but most of them are not and they are not willing to lose.

[Savemore]

Even you have a lot of money and even you can afford to lose it but I'm not thinking that you can just give throw it away.
Even you have that thinking but it for sure you don't let that thing will happen to you and I know you will have to work and to save some rather than letting it off it from your hands. That is we have to understand that people have come into trading are risk-takers but most of them are not and they are not willing to lose.

Trading are for the risks takers after all, before we out money in trading we should be aware that there is no easy money here. Easy money mindset is the reason why there are newbies who experience huge money and regretted their decisions. For those who want to invest just make sure that the money that you will put is okay for you to lose. Being a risk taker is prepared not only to win but also to experience losses.

[CryptopreneurBrainboss]

You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

Although I'm in support of the common trading phrase "don't invest more than you're willing to lose" but in as much as you follow that guideline, you should also understand that our mindset as traders is one of the important decided of the outcome of our trades. As a trader you shouldn't develop the mindset of been comfortable with losing since you feel it won't affect you based on your following of the guideline of trading with only with funds you'll be ok losing.

Although as a trader, you have to understand that losing is a part of the process of winning since it comes with its lesson but don't let it get into your head that when you do lose it doesn't bother you to improve on yourself and get better chances of winning on your next trade.

[BlackFor3st]

You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.

I totally agree with you as many newbies are blaming someone because they lost their hard earned money in trading or investing without thinking that they are the one who lost it. Knowing someone who became millionaire in trading in just a short period of time didn't mean that we can do it also as we don't know what that person has gone through in order to obtain that success. But all of his achievement is not impossible for us to obtain if we strictly follow the fundamentals of trading and we will become wise especially in decision making.

Therefore if you want to trade or invest, use only the money that will not hurt you if you are going to lost it and make sure that you will not jump to trading without learning the basics first.