What was your experience trading cryptocurrency?

[bitgoldpanther1978]

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 only easy if you have a lot of idea and knowledge about it. But if you are empty about its
basic things knowledge in terms of crypto trading that would be hard for you to start with for sure. Now when it comes to Forex trading
I would rather still choose crypto trading because of its volatility.

[1715248285]

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[1715248285]

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[crwth]

I trade price action. The only indicator i use is M.A's. The confluence for every trade vary; it is not just a specific rule the bot has to follow.
I dont think a bot can do that.

There are a lot of possible things that you could do, and unlike other trading bots, you could customize with Gunbot, and you can even turn a request feature for your trading needs. There's a feature called AutoConfig that you could do multiple things with specific indicators etc.

• Scan exchanges and automate the adding of pairs
• Scan exchanges and remove pairs
• Change strategies with specific pairs by a filter

And many more. You could set up your different configs when the MA crosses early or something with that regard. Gunbot is not just a trading tool that you would leave alone, and it could enhance your trading experience and work side by side if that's what you want.

[tbterryboy]

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.  

I view switching markets due to losses will not help and moreover you must understand the core concepts and strategies for all the markets are same. It means you must stick within only one trading type and you must focus on sharpening your skills and abilities which will definitely guide you toward success. Without gaining knowledge on your trading abilities, switching markets will not get you any differences but will definitely maximize your losing occurrences.

I am sticking only with crypto trading even I am not good at technical analysis nor in over all profit making things. But, I am making good profits from cryptos by holding them for years. Some people do call this as a long term trading. Yes, my holding period exceeds years as I eye big targets like doubling my capital.

[durilup]

As a normal trader I have positive and negative experience by trading cryptocurrencies . My worst experience was when I invested some thousands of dollars in a altcoin and the team sold everything and ran away

[Bright_dhykseen]

The majority of us suffer a loss when entering crypto trading, Because we are still a newbie in trading we don't know everything yet, until now even I have several years of experience in crypto I still consider myself a newbie. There is no wrong or right prediction in trading, I guess it is really unpredictable sometimes, Green and Red markets happen we can't avoid it, But most of the traders that have knowledge about charts, indicators and stuff minimize those risk of losing If they are lucky they can maximize the market into their favor.

You are right there!

There is no wrong or right prediction in trading. You go with the flow of the market and stay flexible!

As a normal trader I have positive and negative experience by trading cryptocurrencies . My worst experience was when I invested some thousands of dollars in a altcoin and the team sold everything and ran away

I have had several experiences of this exact thing you mentioned

Everything is risk based. If the altcoin you invested in performed well, it would have been another story.

We just need to accept the risk eventually

What was your experience ?

I first started trading in the crypto money markets in early 2015. At that time, the market was very sluggish and inactive, and making money was not so easy. Moreover, since there were not many investors, it was very easy for large investors to control the price. At that time, I would try to make money by buying and selling without any experience or technical or basic analysis knowledge. Of course, as I earned money, I lost a lot of money, but at that time I had the opportunity to gain more experience than the money I had earned. The events that have hurt me the most since the first day but have had a good experience for me are as follows;
- Never choose a single investment tool with all your capital.
- Never make a one-time purchase with all your money.
- Create a basket absolutely.
- Making transactions with debt money.
- Take care to use stop loss.
- Make sure technical analysis.
- Research the project before investing or buying.
- Using high leverage.

Even though there are many more that have come to my mind for now, I have had a lot of experience in crypto money markets since 2015.

Wow! 2015!

As at 2015, i haven't heard about cryptocurrency then.

I can imagine how trading cryptocurrencies must have been back then; little volume.

• The first point you mentioned is really paramount to me. I had a friend who always invest all in one basket but he was always lucky cos he always made his research well. I prefer diversifying.
• Yes, One time purchase with all your capital is too risky.
• I once traded with a borrowed money. Psychology did justice to me till i lost it all.
• Researching projects took me a while to learn but all it does is just reduce the risk on the investment. It is never guaranteed that the project wouldn't flop!

I'm happy you've gained enough experience.  

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 only easy if you have a lot of idea and knowledge about it. But if you are empty about its
basic things knowledge in terms of crypto trading that would be hard for you to start with for sure. Now when it comes to Forex trading
I would rather still choose crypto trading because of its volatility.

Everyone talks about the volatility in crypto trading but the question is "How many can handle it?"

You know, with crypto trading, at times you have to go outside your risk parameters.

I trade price action. The only indicator i use is M.A's. The confluence for every trade vary; it is not just a specific rule the bot has to follow.
I dont think a bot can do that.

There are a lot of possible things that you could do, and unlike other trading bots, you could customize with Gunbot, and you can even turn a request feature for your trading needs. There's a feature called AutoConfig that you could do multiple things with specific indicators etc.

• Scan exchanges and automate the adding of pairs
• Scan exchanges and remove pairs
• Change strategies with specific pairs by a filter

And many more. You could set up your different configs when the MA crosses early or something with that regard. Gunbot is not just a trading tool that you would leave alone, and it could enhance your trading experience and work side by side if that's what you want.

I would love to check it out!

I see a lot of bot trading online but i just don't believe in them.
Hopefully this will convince me.

[onrise]

The majority of us suffer a loss when entering crypto trading, Because we are still a newbie in trading we don't know everything yet, until now even I have several years of experience in crypto I still consider myself a newbie. There is no wrong or right prediction in trading, I guess it is really unpredictable sometimes, Green and Red markets happen we can't avoid it, But most of the traders that have knowledge about charts, indicators and stuff minimize those risk of losing If they are lucky they can maximize the market into their favor.

For newbie trading is never meant for them. Initially for some time one has to understand what it is about and how to trade. Watch videos and read books. Do some demo and start with small amount which you can afford to lose it. Also investing initially would be better than directly trading it. But once you get those trading skills you can make good money in both side of the markets.

[Bright_dhykseen]

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.  

I view switching markets due to losses will not help and moreover you must understand the core concepts and strategies for all the markets are same. It means you must stick within only one trading type and you must focus on sharpening your skills and abilities which will definitely guide you toward success. Without gaining knowledge on your trading abilities, switching markets will not get you any differences but will definitely maximize your losing occurrences.

I am sticking only with crypto trading even I am not good at technical analysis nor in over all profit making things. But, I am making good profits from cryptos by holding them for years. Some people do call this as a long term trading. Yes, my holding period exceeds years as I eye big targets like doubling my capital.

Left to me, i really believe forex trading can help master intra-day trading skills because with less volatility, and stable market movement, you get to learn the real-time application of your strategies and you see more of your trade setups occurring from time to time.

I'm happy you're sticking to crypto trading.

The majority of us suffer a loss when entering crypto trading, Because we are still a newbie in trading we don't know everything yet, until now even I have several years of experience in crypto I still consider myself a newbie. There is no wrong or right prediction in trading, I guess it is really unpredictable sometimes, Green and Red markets happen we can't avoid it, But most of the traders that have knowledge about charts, indicators and stuff minimize those risk of losing If they are lucky they can maximize the market into their favor.

For newbie trading is never meant for them. Initially for some time one has to understand what it is about and how to trade. Watch videos and read books. Do some demo and start with small amount which you can afford to lose it. Also investing initially would be better than directly trading it. But once you get those trading skills you can make good money in both side of the markets.

We all can't wait to make money.  

[carlfebz2]

It was a painful experience though  

What was your experience ?

When it comes to experience then i do have lots, from mistakes to success.. It isnt an easy ride because on all the years ive been keeping on doing trade im still into that border line between profiting and losing but i know that i can pull it off one day where i can make constant or sustaining
profit which would free me from 8-5 day job.

Talking about experience, i did able to;

panic sell
believing bots can generate you money
believing on some so-called professional speculations and follow them
making easy money with the market

but all of these things are just part of the experience because committing mistakes will surely open your eyes into the reality and after
that you do alter up your own trading ways to be profitable and wont make the same mistakes again.

[Bright_dhykseen]

It was a painful experience though  

What was your experience ?

When it comes to experience then i do have lots, from mistakes to success.. It isnt an easy ride because on all the years ive been keeping on doing trade im still into that border line between profiting and losing but i know that i can pull it off one day where i can make constant or sustaining
profit which would free me from 8-5 day job.

Talking about experience, i did able to;

panic sell
believing bots can generate you money
believing on some so-called professional speculations and follow them
making easy money with the market

but all of these things are just part of the experience because committing mistakes will surely open your eyes into the reality and after
that you do alter up your own trading ways to be profitable and wont make the same mistakes again.

Mistakes are vital in the process of growth.
We grow by making mistakes.

I hope you learn from your mistakes though.

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 ?

So you head forward to Forex yet you cant deal the crypto market? If I were to say that the whole concept is just really the same neither you are here on crypto world or in forex one because they do both involved buy and sell- they only differ on the volatility and regulation aspect but making money would really be hard.

Of course, none of us do start from being pro which we do start from being noobs.Thing here is that you do know on how to accept losses and learn from it and who do say that you can able to learn up everything? Life does give out learning on daily basis and so as with trading itself where you do continue to learn even you do think up to yourself that you already learned enough but that's not always the case.

Everyday in the market is a lesson.

[Ridwan Fauzi]

You will be fine if you spent your time after you leave trading crypto currency for trading in forex.

Because the whole of the strategy is mostly same, you can trade it back and compare how the profit that you get from them.

Actually, I have the same experience. For the first time I learn how to trade was trading forex so when I start trading crypto I have no significant obstacles to start, even I'm still trading in both places right now.

How do you feel right now? do you have a plan to trade in crypto currency back? If so, you may need a diligent and patient to stay because it will pay you.

[Bright_dhykseen]

You will be fine if you spent your time after you leave trading crypto currency for trading in forex.

Because the whole of the strategy is mostly same, you can trade it back and compare how the profit that you get from them.

Actually, I have the same experience. For the first time I learn how to trade was trading forex so when I start trading crypto I have no significant obstacles to start, even I'm still trading in both places right now.

How do you feel right now? do you have a plan to trade in crypto currency back? If so, you may need a diligent and patient to stay because it will pay you.

Yes i'm planning to trade crypto back.

Thanks for these words!

[Hidden Heart]

At First, i want to tell you that, I'm not a Professional Trader, so i have not Any Proper knowledge and Experience about Crypto Currency Trading.         

[Nathanz]

I started trading cryptocurrency in 2016. There first crypto that I trade from my local money was of course bitcoin. I had this experience when I have no idea what am I doing in yobit, I just buy some coins using Bitcoin and just sell it immediately and only to find out that I lost money by switching my BTC to other coins and switching it back to Bitcoin a few seconds after. You see, back then I really had no idea what trading is all about but that's when learning comes in. I never stopped learning until now. Sooner or later you will be good in trading, you just need to practice and you have to read a LOT.

[ene1980]

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  .

This is a major issue when people who traded in traditional market like stock market and forex makes when they see a huge volatility they sell off and wait for the market to stabilize but in cryptocurrency the market does move in both directions and if you are not used to the market then you would panic and take positions and then when the market returns back you already sold the coins at a loss.

Welcome to the wild west of trading  .

[Quidat]

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  .

This is a major issue when people who traded in traditional market like stock market and forex makes when they see a huge volatility they sell off and wait for the market to stabilize but in cryptocurrency the market does move in both directions and if you are not used to the market then you would panic and take positions and then when the market returns back you already sold the coins at a loss.

Welcome to the wild west of trading  .

Main difference that you would definitely encounter when you switched up from forex to crypto.You will surely be shocked on how
prices move that will really easily eat your capital if you dont know on what you are doing and same goes on making profit
because if you did it well then money making wont really be that a problem and thats some reason why other forex traders
did eventually transfer to this market due to that volatility thing.Its surely a wild journey because this market cant really
be precisely predicted out neither on technicals or fundamentals.,

[darewaller]

Well, my first experience trading cryptocurrency wasn’t really bad. Before I started to trade cryptocurrency, I have been into forex trading and I did with my friend. And it was this my friend that introduced me to cryptocurrency trading. Before doing that, he already took his time to learn about cryptocurrency and the day trading of a thing. So, when he told me about it he already started trading.

Moreover my first day I was there with him and I made my first trade with his direction and it worked out. After that, I started to make regular trades, and some of them were a win and some were not. Kept doing it till I got good in it. My story is definitely not an inspiring one for many people here but for me it is like big achievement of my life time because trading supporting me to lead a life out of the consistent profits from my own trades.

[Bright_dhykseen]

I started trading cryptocurrency in 2016. There first crypto that I trade from my local money was of course bitcoin. I had this experience when I have no idea what am I doing in yobit, I just buy some coins using Bitcoin and just sell it immediately and only to find out that I lost money by switching my BTC to other coins and switching it back to Bitcoin a few seconds after. You see, back then I really had no idea what trading is all about but that's when learning comes in. I never stopped learning until now. Sooner or later you will be good in trading, you just need to practice and you have to read a LOT.

Eventually! it all balls down to this.

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  .

This is a major issue when people who traded in traditional market like stock market and forex makes when they see a huge volatility they sell off and wait for the market to stabilize but in cryptocurrency the market does move in both directions and if you are not used to the market then you would panic and take positions and then when the market returns back you already sold the coins at a loss.

Welcome to the wild west of trading  .

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  .

This is a major issue when people who traded in traditional market like stock market and forex makes when they see a huge volatility they sell off and wait for the market to stabilize but in cryptocurrency the market does move in both directions and if you are not used to the market then you would panic and take positions and then when the market returns back you already sold the coins at a loss.

Welcome to the wild west of trading  .

Main difference that you would definitely encounter when you switched up from forex to crypto.You will surely be shocked on how
prices move that will really easily eat your capital if you dont know on what you are doing and same goes on making profit
because if you did it well then money making wont really be that a problem and thats some reason why other forex traders
did eventually transfer to this market due to that volatility thing.Its surely a wild journey because this market cant really
be precisely predicted out neither on technicals or fundamentals.,

Funny enough, the volatility of the crypto market doesn't scare me.
It just makes me wanna improve my win ratio.

Well, my first experience trading cryptocurrency wasn’t really bad. Before I started to trade cryptocurrency, I have been into forex trading and I did with my friend. And it was this my friend that introduced me to cryptocurrency trading. Before doing that, he already took his time to learn about cryptocurrency and the day trading of a thing. So, when he told me about it he already started trading.

Moreover my first day I was there with him and I made my first trade with his direction and it worked out. After that, I started to make regular trades, and some of them were a win and some were not. Kept doing it till I got good in it. My story is definitely not an inspiring one for many people here but for me it is like big achievement of my life time because trading supporting me to lead a life out of the consistent profits from my own trades.

You're very lucky.

This is great. Congratulations!

[drlukacs]

It's psychologically unstable. I traded exactly as the indicators signaled and when the price went up a bit I took profits, but when I was at a loss I wanted to maintain that loss for a while and hope not to lose. but I was wrong and it cost me more than $ 1k in the crypto market. I then realized that as long as the market went against our trading direction, we had to accept a stop loss. so my experience is NEVER HOPE!

[Cryptoababe]

My experience has been as bad as yours . I started trading in 2019 and since then, whenever I make huge profit, I loss more later. I think Ive been too greedy all the way. The truth is that you need to always be carful of what you do and have a specific daily target which is not suppose to be too much. Being too greedy and setting higher leverage leads to loss and  do not risk bigger leverage at any time.
Now, I've been following some trading analysis and I think they are working out good for me for now.

[Bright_dhykseen]

It's psychologically unstable. I traded exactly as the indicators signaled and when the price went up a bit I took profits, but when I was at a loss I wanted to maintain that loss for a while and hope not to lose. but I was wrong and it cost me more than $ 1k in the crypto market. I then realized that as long as the market went against our trading direction, we had to accept a stop loss. so my experience is NEVER HOPE!

The stop loss is there for a reason; Just let it perform its duty!

I also made this mistake in the past. Sometimes now, i watch the market move closer and closer to my stoploss and even hit me out; Why this? I accepted the risk!

My experience has been as bad as yours . I started trading in 2019 and since then, whenever I make huge profit, I loss more later. I think Ive been too greedy all the way. The truth is that you need to always be carful of what you do and have a specific daily target which is not suppose to be too much. Being too greedy and setting higher leverage leads to loss and  do not risk bigger leverage at any time.
Now, I've been following some trading analysis and I think they are working out good for me for now.

I'm happy you learnt from this and found balance.