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Author Topic: What was your experience trading cryptocurrency?  (Read 959 times)
Dhoe
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June 09, 2020, 05:45:39 PM
 #101

I used to trade with a lot of loss, around $ 500, my mistake was I put all my assets in one coin, when the coin I traded dumped, then all my assets dropped up to 70%, after that I met a mentor who was willing to teach me about trading, until now I always hear his opinions or suggestions.
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June 09, 2020, 06:07:26 PM
 #102

The experience of the first time was of course about the loss and all of it about losing the first time trading and indeed, I am not a big trader who has a lot of money to spend because even in the past my salary was only $150 - $200 before finally my salary gradually increased. I have lost a lot in trading on the cryptocurrency market because of the ignorance and panic that I experienced when prices went down.

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June 09, 2020, 08:55:56 PM
 #103

The first experience I had wasn't with trading, it was with holding Bitcoin. I was still a newbie then and I never really understood Bitcoin and I didn't know anything about the volatile aspect of it. How I got to know about Bitcoin was when I was searching for a means to receive money from abroad from someone and I stumbled on Bitcoin. At first I thought that Bitcoin was another form of PayPal and the rest of them. Then I installed my first Bitcoin wallet which was Xapo and I was able to receive my money.

But, after some days the amount I had in my wallet reduced and I had to contact support to know what's happening. That's when they explained to me and I had to go back and do more research to understand. And as for trading, there is nothing much apart from the trading losses I see as regular, which I can still cover up after a few good trades.
I personally think that each of us have our own ways of dealing with crypto, and even though there are tons of people who use crypto for many other reasons than just trading, there is also at least that much people who trade differently from each other. We should stop with how we traded or how we should have done differently and all that talks and focus on how we learned from what we did and how we could get better together if we share our troublesome past.

Regardless of you are successful with your trading or not, we must focus on learning new things about cryptos which will definitely guide us to achieve our dreams. But most people do worry about the past and that usually ending up in messing the current opportunities. Just forgetting the past experience will definitely work in productive way in trading.

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