What was your experience trading cryptocurrency?

[Sadlife]

It was losses for me also, although not as big as the other big time traders out there but it was huge for me especially that it was only the money i can trade.
Right now i've learned that im not good in speed trading (day trading) that's why i've decided to switch strategy and HODL in a long term as i see huge profits in it.

[VoucherS]

I've made 1.28 Bitcoins from 0.0004 bitcoin back in 2017 December! At Cryptopia exchange, and i thought it wont stop , but after some months i lost 50% of my money cause it dropped a LOT.
I was stupid, i didn't sold at top price, but i was new on trading. Can show proofs about it

[logfiles]

Mine was in 2018, I made $25,000 almost out of nothing because i started of with about $100 around late 2017 and then I ended up being greedy(a newbie's common mistake) instead of selling off the shitcoins I had stacked. The shitcoins would then start dumping. I was too stubborn to sell off thinking the price would bounce back but the dumping just continued. At the end, I traded off when it was too late and just got roughly only $4,000  

[Shasha80]

If i have to share crypto trading experience it might be very long if I tell you everything, because it's been 4 years that I have
been trading crypto. And a lot that I experienced during those 4 years, starting from the good experiences to the bad experiences.
I have felt all of it. And the most memorable experience was that when I lost $ 1,000 in a few hours in 2018, it was a crypto trading
experience the worst I've ever experienced. I was FOMO when I started in 2018 by buying lots of altcoins at peak prices.

[LogitechMouse]

I don't have any not that bad experience when it comes to trading cryptocurrency. I don't consider losing my first capital in trading a bad experience since it really happens for most newbies like me at that time.

Maybe what I can consider as my bad experience is that I didn't sold my token rewards from bounty campaigns back when I'm still joining bounty campaigns. When this token has been listed, I sold around 70% of it at a high price at that time and decide to hold the remaining 30% hoping that it will rise in the next years but it was the exact opposite of what I'm expecting. I hold the token for around 1-2 years but the price of it was 3x lower than the price I initially sold my tokens. I just sold the remaining ones since I really need money at that time and luckily it got liquidated.

[peterurb]

At the start, I was looking for some trading bots, cause they are working much better than people. I had only few USD in crypto so there was a minimum of bots which were able to trade my money. Then I had a few months break and started to trade on my own. I had a strategy to buy tokens with the highest looses and looked at its graph if it has stopped falling and rising. Then I open order for price few % lower than it had before fall (I believed in V pattern as now at Dow Jones Index). I never had a stop loss.  It worked quite well, cause I bought KMD and it took 1 month until it was sold back to BTC and I was annoyed of that waiting so I stopped and started to find another way how to earn crypto.

[huu78]

Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me .

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it  .

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market. 

It was a painful experience though 

What was your experience ?

I already knew bitcoin in 2016 where at that time the price of Bitcoin was very cheap. I was trading using only a small capital at that time because of the economic crisis, don't know why I didn't try to buy a lot of Bitcoin by borrowing people's money or borrowing banks at that time, lapse one year later Bitcoin rose dramatically where if buying at that time could become rich suddenly but unfortunately I regret not buying Bitcoin at that time. maybe the experience of regret at that time but thanks to that, I can learn a lot about cryptocurrency now and more want to explore trading some altcoin that has the potential like Bitcoin.

[sajedul islam]

The first time I encountered Loch while doing crypto trading was because I didn't know much about trading. Then when I struggled a lot with it, I brought it to my Iowa and learned about trading. Like Sarpot, it took a long time to learn the resistance chart. Rules of crypto trading
Simply invest in what you can afford to lose
Always pay attention to bitcoin.
Never put all your fruit in a basket
Do not be greedy
Don't invest blindly
Don't FOMO
Classify your investments and look at the long picture.

[bobitza]

As every trader says, trading isn't for everyone so if you are into looking forward to high profits having a lack of knowledge and experience, trading isn't for you. Good for you that you were able to make in other markets as you say, the forex.

My experience was the same as yours, didn't made that much on my beginning days. Until I've decided to stop it and just focus in holding. I guess you can consider that there's still trading in it but, it only happens when you want to sell at a higher price or buy when the price was a bit low but you have to wait again. So it's a combination of patience and target selling/buying.

I also want to learn from cryptocurrency trading experience from you. According to me before trading you have to carefully understand the market, prices, partners ... is the best way, from time to time. You and I and many others want to buy at low prices and sell at high prices.

[XCANA]

Inexperience in trade cryptocurrency will only lead to bigger lose, these coins are most volatiles in their natures. Newbies who want to join the trade in cryptocurrencies should know that, they are to be more careful about their funds, don't start trade with the amount they can't afford to loose in the process.
My first trade ever was done on binance exchange, this made me to realized the true power of Bitcoin, during the trade I made some decent profits which I hold till bitcoin had a good pump back then.

[rexxarofmoknathal]

It was a painful experience though 

What was your experience ?

Just as painful.  And that's because of the volatility in the market and FOMO. Like I'd buy coins to HODL but then somehow the market would start declining and I'd find myself pondering over HODLing or not.

Since then I have come to learn more but it would be untrue if I was to say that I mastered FOMO, it still creeps in sometimes but at least I'm not as reactive as I used to be - turns out that sometimes it relives me not only from a lot of mental strain but financial strains too! After so many years I'm Still learning because trading is all about continuous learning

[Youghoor]

This reminds me of the the very first day way back about 3 years ago when i started investing into this industry. The very first coin I bought was Binance Coin and I was a bit skeptical intially that I might not received the coins as many people complained of being scammed in this industry. But all the same it was fun and the knowledge has been so worth it.

[Golftech]

Inexperience in trade cryptocurrency will only lead to bigger lose, these coins are most volatiles in their natures. Newbies who want to join the trade in cryptocurrencies should know that, they are to be more careful about their funds, don't start trade with the amount they can't afford to loose in the process.
My first trade ever was done on binance exchange, this made me to realized the true power of Bitcoin, during the trade I made some decent profits which I hold till bitcoin had a good pump back then.

The first time you heard this business you'll be entice, especially if the information comes from your friends or close relatives thinking that it's an easy access to earned more money without doing any hard works.

But the time you lose your money due to your irresponsible decisions, you'll be starting to cry out very common to newbies, it was a great experienced when buying low and selling high still working inside crypto exchange.

[Bitcoinislife09]

Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me .

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it  .

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market. 

It was a painful experience though 

What was your experience ?

To begin with you should probably move this thread to the trading section of the forum since that section seems to be the right section for this topic.

My experience trading bitcoin has been in fact positive but that is because I have dedicated an enormous amount of time to try to learn how to trade, anyone that dedicated just a few days or weeks is bound to eventually fail, trading is a very deep subject and there is no one that can master it so quickly, not only that even if there are many ways to trade that could be profitable there are only a few that could be right for you, also it takes a lot of time to backtest your strategy so you make sure that it actually works, when you combine all of these factors it is really no wonder why so few people are successful, so my recommendation is that before you pick a new instrument to trade that you try to find the reasons of why failed and then you correct them.

I also tried trading bitcoin, last time I tried risking at poloniex. It is an online bitcoin trading website. In trading you cannot be sure of the future of your bitcoin. In trading you may win and you may lose. Many people say that it is out of lack. But then in bitcoin trading you may gain more if you also trade more. You may lose more if you trade more. You may win less if you trade less and you may lose less if you trade less. That is the idea of trading. You have to risk your money to gain. It is a bit hard in maintaing and watching the charts and trades. If you have the passion and enough knowledge in trading, you will surely enjoy trading. But if you do not have a passion I doubt you will earn more in here.

[nelson4lov]

Trading has been a bitter sweet lesson for me. In that time, I've had my own fair share of wins, losses, regrets and lessons. Trading the crypto markets has taught me how to keep up in a fast paced environment. I may not be an experienced trader yet, but I know I can surely improve. Trading in a live account beyond  both paper trading and demo trading. You're faced with difficult situations without a clear head way in sight. The lessons have taught me a whole lot (majority of which can be applied to real world situations) – like the fact that I shouldn't be too quick to make certain decisions.


I've been in situations where I panicked and sold too soon or in situations where I got a greedy hoping the price of a coin will continue pumping for everywhere. Now, whenever I see an opportunity – on the chart or reality, I grab it with both hands.

[Charles-Tim]

Trading has been a bitter sweet lesson for me. In that time, I've had my own fair share of wins, losses, regrets and lessons. Trading the crypto markets has taught me how to keep up in a fast paced environment. I may not be an experienced trader yet, but I know I can surely improve. Trading in a live account beyond  both paper trading and demo trading. You're faced with difficult situations without a clear head way in sight. The lessons have taught me a whole lot (majority of which can be applied to real world situations) – like the fact that I shouldn't be too quick to make certain decisions.


I've been in situations where I panicked and sold too soon or in situations where I got a greedy hoping the price of a coin will continue pumping for everywhere. Now, whenever I see an opportunity – on the chart or reality, I grab it with both hands.

Trading is not only about knowledge but also about experience, when I started trading I always rush into decision and lose, I also panic to sell soon and what happened after was the coin I sold risen in price. We all face all these and thought us lessons not to panic or greedy but to be patient. Experience really matters a lot in trading.

[suhadi88]

Crypto-assets are risky activities, so if we lose, this is the risk we should be aware of.
 
I also had the experience, but I was lucky when I started trading in 2017, benefiting from BTC and ETH. I learned to trade for the first time, guided by my brother, who had previously been a trader. Especially at that time, the price of the crypto-assets increased significantly. It is my precious experience, though when trades sometimes will also disappear.

[Antinass]

Fear of going into the experience, for the next time to start will be easier and faster.
I invested some currencies in the year 2018 and I didn't sell them, I plan to buy more this year and I want to invest some money in some markets. I am waiting for a return from them to start again.
Investing is a game of profit and loss, and I do not fear loss.

[7788bitcoin]

Fear of going into the experience, for the next time to start will be easier and faster.
I invested some currencies in the year 2018 and I didn't sell them, I plan to buy more this year and I want to invest some money in some markets. I am waiting for a return from them to start again.
Investing is a game of profit and loss, and I do not fear loss.

If you are investing your hard earned money then you should fear about the loss you could encounter if you are taking a risk, not sure what coins you invested to have a bold statement but trading is all about top coins rather than the shit coins we have in the market and you need to be careful what coins you are trading and bitcoin is the only coin that can guarantee a profit in the long run and that cannot be said about majority of the alts.

[shata]

Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me .

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it  .

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market. 

It was a painful experience though 

What was your experience ?

Trading cryptocurrency is a bit fun and exciting; however, its risky knowing that you are playing real money.

Basically the idea of trading is that you should not lose yourself with the intense mechanism of the market especially trading with
very volatile and liquid market like BTC and ETH. In fact, I created a lot of techniques from creating my trading set-ups out of technical and
fundamental factors, making my own strategies to lure out fake walls, FOMO "ing", fake price reversals then suddenly pumping the price along
with our peers and groups(mostly for low volume market).

Well, everything should be played within the market to maximized profit, right! However, I settled with consistent losses and the saddest part,
I end up cutting my losses. Although, it kinda exciting but time will come up that you need to think a little bit further, cause you are not only fighting with the price
but rather controlling one`s fund and fighting with your own emotion. The concept of trading for me is self-discipline. And even if it is fun, it kinda kills my time and ends up having profit and losing at the same time.
So, I think maybe my trading skill sets need to step-up, that is when I decided to teach other people and sell my strategies on how to trade better. And this one is very odd, although it didn`t
really work for me but it worked to those whom I taught. Really, most of them get huge profits out of my strat, some may even withdrew thousands and me "" .

That`s the time I decided to sell information and trading only when the market showed potentials.  I am day trader before, and now I am swing trader/position trader.
Also, am hodlers of crypto coins and fascinated to be a pioneer trader/investor on any potential, disrupting the future, and developing projects/coins/tokens in circulation. Hope this will inspire newbies (traders) out there...