What was your experience trading cryptocurrency?

[Pamadar]

At the beginning it was not that rosy,  I followed some couple lots of fake trading groups on Telegram not until I learned the hard way before I started to desist from such channels, right now I can boldly boast of my own personal calls, not 100% right but much more better than lots of those fake channels calls

In the year 2015/16 there used to be a lot of pump and dump groups that mostly targeted Bittrex cryptocurrency pairs but the only problem was that you couldn't make money from those groups at all because the owner used to dump his coins after announcing it to his followers onto those who used to buy that coin after his announcement. I guess now it isn't the case anymore as these pump and dumps are illegal to participate into, at least in wall street it is.
My first trading experience was back in 2014 selling the coins that I received in an airdrop, back then airdrops used to give you more than 0.04 btc usually, and sometimes more than that too.

The pump group will allow you to earned at the beginning of your subscription letting you to feel that they are really
doing good at this kind of signals, without knowing that they are just for you to
completely trust them and bring more investment, once they already get your
attention and interest, that's the go signal for them to do their business.

Like what you have said, the owner already position his holdings before
sending the signal to group, making sure that every profits will be bank
inside their wallets.

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[Alert31]

My first experienced in trading it was late 2018 and i started in coinexchange,i just trade bitcoin and dogecoin without even a litle knowledge in trading that's why i lost all my small capital on that time. But i still practice trading and now i already know how to avoid loses and how to read the graph and movement of price. It's really true that experienced is the best teaching method that we can use to improve and move forward.

[lumeire]

At the beginning it was not that rosy,  I followed some couple lots of fake trading groups on Telegram not until I learned the hard way before I started to desist from such channels, right now I can boldly boast of my own personal calls, not 100% right but much more better than lots of those fake channels calls

In the year 2015/16 there used to be a lot of pump and dump groups that mostly targeted Bittrex cryptocurrency pairs but the only problem was that you couldn't make money from those groups at all because the owner used to dump his coins after announcing it to his followers onto those who used to buy that coin after his announcement. I guess now it isn't the case anymore as these pump and dumps are illegal to participate into, at least in wall street it is.
My first trading experience was back in 2014 selling the coins that I received in an airdrop, back then airdrops used to give you more than 0.04 btc usually, and sometimes more than that too.

These kind of groups were very famous back them and most of them used to run on telegram, slack and on IRC channels. Now people are more aware about these pumps and dumps and don't fall for it usually.
I also used to hunt bounties and airdrops in the past, the most profitable for me was of Decred, I earned about 1.5btc from that single airdrop. But my first experience in trading was with Cryptsy which was the biggest exchange in my starting days and also having the biggest volumes but due to many hacks it ran out of business.

[Asuspawer09]

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 think getting the experience into trading really is the thing here. Having that experience you're really going to learn a lot from it.

You are always going to be temp to do something like selling your investment from time to time if you don't have enough experience sometimes your always going to fall in it.

Earning a profit really is the best thing in trading but at the same time, there is a big risk in it.

[danggoron]

The whole idea of trading seems to be the opium in the crypto space. I always like existing in spaces where i have control over situations and looking at the crypto space, trading seems to be the only sector that has that and also keeps you independent. I also noticed that the trading business has maximum risk hovering over it and to avert possible losses, it is wise to go for knowledge first before involving or exposing your funds to trading as you are entirely responsible for what ever the consequences of the trade is whether loss or profit.

We do have freedom in trading, there are many opportunities, but if we do not have the ability to analyze the market, then we cannot see any opportunities. We will not get anything if we only rely on feeling, technical and fundamental analysis must be done, depending on which strategy you like and understand. We also have to remember that nothing is instant, everything requires a process. We never know what successful traders have felt in the past, who knows how many times they have lost, or how many times they have become pessimistic, but it is all a process that must go through to gain valuable experience.

[htsy585]

My first trading experience was when i tried selling some few tokens i earned from airdrop, due to complexities of decntralized exchanges, it was quite difficult for me to navigate around the exchange but i took up trading courses and months later, i was able to trade on any kind of exchange

[taufik123]

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The pump group that I once attended always had a lot of followers and there was a pump schedule that they had planned beforehand so that the members in the pump group were getting ready to buy coins targeted by the group owner.

It is true, such a pump group is a business that they run for their own benefit by utilizing the thousands of members who join. Most members who join are beginner traders who don't know about trading techniques (including me at that time).

it's better to avoid the pump group, because in the end we will lose and even get stuck in the FOMO that they made themselves.

[FlightyPouch]

My first trading experience was when i tried selling some few tokens i earned from airdrop, due to complexities of decntralized exchanges, it was quite difficult for me to navigate around the exchange but i took up trading courses and months later, i was able to trade on any kind of exchange

That is really amazing. I can't take those courses because I am always at work. Most of the thing I knew in trading and investing in crypto currencies are from this forum and I am really grateful since there are those people that even shares their strategies and other investements they have.

It is still hard since I can't stand on my own but still, slowly, I am getting used to the changes.

[kayvie]

My first trading experience is just the same as you, OP. I also lost every money I had because of my lack of knowledge and experience. That time I give up because there are people who says that trading is not for everyone, while some advices me to move forward and learn from my mistakes. Earning experience and knowledge will take a lot of time and learning will always be there.

[Negotiation]

My early experience in trade was much worse Many have been damaged But later on I was able to overcome my frustration by following the trading charts by analyzing the advice and analysis of different places of trading. But it took a long time Nothing is ever possible in a hurry.

[Inkdatar]

Every trader has a worse and nice experience when it comes to trading. Way back year 2016 my first experience was terrible because of impulsive buying and selling some coins at that time. Due to lack of knowledge it resulted me to lose of my money. Although I experience those failures that time it did not gives me the idea to stop entering the market instead it took me the courage to learn more in trading cryptocurrency.

[angrybirdy]

What I experienced in trading for my first time is I have limited knowledge about what trading is, so, the outcome of my trading is not that good. Though, I already expected that since I don't have any experience yet, but that failure really helps me a lot to keep on learning more about trading.

[lepbagong]

Every trader has a worse and nice experience when it comes to trading. Way back year 2016 my first experience was terrible because of impulsive buying and selling some coins at that time. Due to lack of knowledge it resulted me to lose of my money. Although I experience those failures that time it did not gives me the idea to stop entering the market instead it took me the courage to learn more in trading cryptocurrency.

appreciate what you have said about your experience that:
"Although I experience those failures that time did not give me the idea to stop the market"
it's certainly not easy to continue with the experience that might have been pretty bad that has happened.

I agree that such an experience will trigger us to be more careful in analyzing it well and not to make mistakes repeated from experiences that have taken place of course.
because we also know that trading in crypto is very unique, and at any time it can change drastically without our will.
precisely because it underlies the experience we have received so we don't need to panic and be in a hurry to determine the next step. because every step in a panic and in a hurry will certainly result in an analysis that can go wrong.

crypto is very feasible to be a long-term investment and is worthy to keep abreast of every moment of its development because time can determine the good or bad steps that we might make. and time cannot be repeated quickly if wrong and not quickly anticipated.

[Wawa2013]

The most memorable experience when buying Bitcoin early in 2017 at a price of $ 1000. And managed to get a big profit when
the price of Bitcoin reached all time high. It was the most beautiful experience when trading crypto, but in 2018 I bought Bitcoin
in large quantities with borrowed money from the bank. I think by the end of 2018 the price of Bitcoin could go up to $ 50,000,
actually not what I expected. I suffered the biggest loss at that time, and I had to sell my car to cover my debt to the bank. Now
in 2020 I am trying to get up again.

[raidarksword]

I never been a good trader since i started on crypto currency because i always get losses instead of profit. Everyone says trading is not for all after all and had to admit on that.  In my experienced i did tried scalping for once in a while and ended in a good and a bad way because i lack patience sometimes and greed will always be a factor also. That's why i only sell my tokens in a good price and never look back again and look for another opportunity lies ahead on me. Nevertheless, experience will always be a teacher and will always makes you better in the future.

[bitcoinst]

The most memorable experience when buying Bitcoin early in 2017 at a price of $ 1000. And managed to get a big profit when
the price of Bitcoin reached all time high. It was the most beautiful experience when trading crypto, but in 2018 I bought Bitcoin
in large quantities with borrowed money from the bank. I think by the end of 2018 the price of Bitcoin could go up to $ 50,000,
actually not what I expected. I suffered the biggest loss at that time, and I had to sell my car to cover my debt to the bank. Now
in 2020 I am trying to get up again.

A perfect example of how FOMO spoils people's lives. Your example is most indicative, since you already had a positive experience, you were able to make good money on bitcoin.
And they decided that you can do more, and here you are caught. You, like many other people, forgot about the risks and went to the bank taking a loan. We all know what happened next.
In my opinion, you still got off easily if you had a car that could cover your adventure for you. Many people sold everything they had to buy bitcoin and remained in a huge debt hole.

[gamer4156]

If you think that they will back up your account and refund money to your account if they give it away for free then you are wrong. You have made a mistake once in the first place and will refrain from making a mistake a second time. Now just ignore it and refrain from making such mistakes in the future. Stop dealing with these type of scam sites.

[Rebisco]

At first I'm really nervous because I'm still not used to do it and I still do not understand a lot of things but after many months, I began to understand what I'm into. Through a lot of experiences, I began to make my own trading system that is really suitable in my personality and skills. I also experience a lot of failure and I believe that it is inevitable and we shoukd understand. If we experienced to play then maybe there is something that we didn't yet know and understand.

[dongosquad]

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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 ?

Everyone has a different experience to realize that trading is not a simple thing that can be guessed by "feeling" alone. Behind it, there are many processes and learning that must be passed. If we see many successful traders, that is the final result after he has gone through many painful processes and losses. Only those who survive and want to learn and can evaluate previous mistakes can adapt.
I have also been in that position, carried away by FOMO and joined in without learning first. Until I realized that I needed analysis before making a decision to enter the market.

[Wexnident]

Painful. Fear of losing out made me literally lose everything lmao. It's like I made a compromise, instead of losing everything, I might as well just lose a part of it and call it quits. Did that for about 3-4 times before thinking, "Am I retarded?". Stopped trading since then and now I just like to look at charts and movements without any reason at all. Even if I am not trading, just seeing the price go up and down makes me quite satisfied. I didn't really experience any FUD tbh, hell, I don't look up much with regards to news tbh, and I see no need to. When I traded, I always just thought of what I can do to make profit or make it even out, which most of the time happened, I lost out. But well, experience is experience after all.