What was your experience trading cryptocurrency?

[iv4n]

Reading all the replies and comment in this thread, it gives me realization how trading it works. The risk is really high and I believe that not all who have the hard try in trading will succeed. It is to see that even how good you in trading but can't disclose any chances to suffer losses someday. Now, I understand that there is no easy way to become a pro trader nor to see an instant return. But then, if we think ourselves that are capable of doing this, we have to stick to until we got it to reach.

Watch the price! You can open any chart for bitcoin and take a look at the price movement for the last month, year, all... you can find some patterns, you can find some middle price and sell over that price and buy under that price for certain time.
I learned everything by myself, I looked what others do, check some signal here and there, compare that with others, and the beauty is that if you miss a trade with bitcoins just move them on a side (you can't do this will all coins) and wait for price to recover, that always happens!
My trading experience is full of ups and downs, and in the beginning it was more downs than ups, but if you are persistent, if you like to learn you can become better with more experience, with more practice.

[el kaka22]

Mistakes makes you better, without learning how to be good you can't become good without making mistakes and learning from there, hence why you should even make mistakes and that is promoted since that would allow you to get better. However, there are people who say too many good things about making mistakes like it is amazing even after a while, it is not, if you are making mistakes after a year, two years, even five years later that means you are not doing that well and maybe you should stop.

I mean not small mistakes rare in between, I am talking about someone who still makes a ton of mistakes. You gotta learn and start to make less and less and less losses after a while if you are not getting any better you have to try to see why you are not that good after a while.

[Onuohakk]

My worst experience so far is missing the opportunity not to invest in bitcoin when it was around $3k last year. I was only busy acquiring worthless token that has no means of skyrocketing, other than depreciating in value. Each time I remember such mistake, I feel depressed.

[KrisAlex18]

I remembered the for the time when I did trading, it happens when I was a beginner in cryptocurrency, I have watched so many videos about trading before so I became interested in I because while watching it seems so easy to earn money, from $100 capital then he earns 10x from it, which is equivalent to $1000, that is really bit, how can we easily earn that kind of money? That is really easy in reading while watching on YouTube but upon trying it on Binance, at first I was so happy because I already earned for about $50 but I became not contender on that because of thinking that I could earn more money, but in the end, I lost it all including my capital. I realized that trading is not really easy, it requires skills and knowledge so you would have the advantage of winning it.

[sulendra12]

Started in 2017 for full-time trading, I felt like at that time was the best time for you to actually getting started into cryptocurrency because of how great the impact of the price to your trading portfolio. I've made lot of profit at 2017 because most of the coins were pumped up until 200% in just a day.

Well, things are different now. It's really difficult to actually find a great stuff in 2020 :/ Especially with those shit scammer coins.

[Zackgeno96]

Speaking of my experience when it comes to trading, to be frank there have been many UPs and Downs in my trading career.
When I was new in trading I didn't knew anything about the market at all and also didn't know anything about charting and technical analysis. Also in start there were many lucky breaks and many downfalls which were worse than those lucky breaks and many a times I had to start over because of my huge losses. But now with consistency and hard-work I have actually started making profit on a regular basis.

[Mpamaegbu]

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 ?

Your mention of Forex Trading drew my attention and subsequent response. Forex Trading (as the name implies) is also trading, though currency pairs and other commodities. You lose and profit the same way you do with crypto trading. Technically, crypto trading is even safer than FX because you don't get to lose until you sell off your tokens. But in FX, once you trigger a trade you're either in loss or profit. The best you come out with is BE (Break Even). My advice to you is to be careful. If crypto trading scared you away, FX can do worse to your finances.

[YOSHIE]

I have had a very good experience these past few months, I am currently quite actively trading Bitcoin on one of the IQ Option sites, before, I used to trade with brokerage methods starting with Forex and Binance, However, at the moment IQ Option has a pleasant experience for me, which I really enjoy from Bitcoin trading in EUR / USD currencies, this is a good intervention with a foreign party, but for that I need to monitor every economic calendar day of a certain country.

All I have to do is adjust the news released, if not I can stop loss, the price move in the IQ Option is purely based on day trader activity, This is my current experience that I am doing, from trading at Binace & Forex, of course there are also bittersweet and sweetness.

[btccoffee]

My experience in trading very hard i lost a lot of money before but now i am started to fire out i slowly learn how to trade in forex, cryptocurrency and stocks its hard at first but if you are dedicated on what you are doing you will succeed in the future. My advice to all newbie that you have to study trading by your own and don't just wait and listen to other people. 

[Yamifoud]

My experience in trading very hard i lost a lot of money before but now i am started to fire out i slowly learn how to trade in forex, cryptocurrency and stocks its hard at first but if you are dedicated on what you are doing you will succeed in the future. My advice to all newbie that you have to study trading by your own and don't just wait and listen to other people. 

Yeah, that is right.
We have to consider that past bad experience is just a sort of learning. Keeping positive in our minds will lead into a better future. We all have suffered such thing but we are coming back and overcome the fears of losing again as we know ourselves that we have the capability and we can make the things right. We are here because we know already the risk, we might fall yesterday and it can probably be happening again but it can be avoided if we anticipate.

We all are learning from the past and we come back stronger wearing with a positivity/proactive mindset. Things will get fixed in time.

[Ryker1]

[snip]
We all are learning from the past and we come back stronger wearing with a positivity/proactive mindset. Things will get fixed in time.

Well, I like this thought.
Sometimes mistakes make us become perfect, we should treasure those mistakes that we won't let happen again in the future.
Perhaps trading is a sort of trial and error but makes it sure that every error you had you will learn on it and you can avoid your next trading. However, my trading experienced is not bad for me because I gained too much on it. My advice is focused on trading and prepare your different analysis before taking action to it.
Indeed, trading is not an easy job, you will experience losses first before you will become success.

[Triffin]

I have a bad experience too as a trader when I was just starting. I thought its easy and though I dont have enough knowledge on what to do in actual trade, I decided to try it already but unfortunately I lose that capital, good thing its a small amount. As time goes by I learned many things but losing is inevitable no matter how good you are and I think its part of being a trader. It has a good sides and that is learning from that experience and never repeat the same mistakes the next time you trade.

That is what most of us experienced when we are just started and some have learned but some continues to make mistakes until now.

actually i had stopped trading because for me i would rather risk my money in Holding than trading.

also i have work in real life so i don't need to spend time in money in trading .

And when you start your trading experience you will have to face high risk in life but with time passage you will learn more about trading ask also did mistakes but I did not stop trading ever because I know I can either win or lose but I will have to keep trying to get profit. If you will lose hope and stop trading you can never learn to be a good trader.

[Negotiation]

I agree with you that there is a risk in trading and we should not lose hope The one who persists even after losing can be successful Trading is as easy as it is difficult Before that we have to follow the trading rules. It is possible to reduce the risk if we can understand the difference in the price of the currency by analyzing the market well I also lost a lot but did not give up the trade At first everyone's experience is bad.

[Alert31]

When i try to trade ,it's just fun because i don't understand first ,that's why i'm always lost than having a profit. But i never stop until now,i learn it so that i can earn profit and avoid loses. Aside to bitcoin,I also trade some litecoin,dogecoin and ethereum but it was all mistake. I've lost all my coins and start over. But now i can handle my trading and that was because of my past experienced.

[bitgolden]

I can't forget the day I made 15% in probably 10 minutes, I talk about it everywhere all the time. I know there must be some person who has made more money in shorter time, or if you look at the total gained, it is only 15% and it is not really a big deal, we make 15% plenty of times, I made 15% after that and before that as well, so it is not really a big profit neither.

But the fact that it was in 5-10 minutes is what made it so much better. One day I was looking at etc (back in 2017 peak days) and I saw that it got stuck while all other coins started to go up, looking at the charts everything is green but ETC was just staying still, so I said ETC will probably get some attention very soon to reach the others as well, so I bought it, around 700 dollars or so, not a big amount. And literally just 10 minutes later it started to go off like crazy . I got scared and got out after I profited 15% but it went up a bit more after that.

[Bright_dhykseen]

My experienced in crypto trading was I don't know how much money does this opportunity in crypto gave me.
All was started only in the bounty campaign in which is ICO campaign, from there every time they paid me on my work
to their campaign, I learned how to trade by simply selling every time the token will be listed in the platform exchange
where up to now I remain doing trade in bitcoin or crypto as well.

I had the same beginning too.

Forex trading is something I did in the past and I don't know if I'm still going back to that. After forex trading I discovered options trading platforms such as the Expert option and IqOption. I tried them out as well, but it wasn't really working the way I expected it. Honestly I am not seeing anyone is making consistent profits from forex trading nor from options trading; as far as I have seen all of them making only losses on regular basis.

As for cryptocurrency, I started as an investor and I was investing long term and it was working out for me. But, when I decided to go for day trading, it wasn't really what I was expecting. Though I have taken my time during this quarantine and lockdown to learn more about it and I believe I'm getting perfect in it.

I think you shouldn't let your experience keep you close-minded to forex and options trading. There are lots of profitable forex traders out there.

In trading, you always have to be careful and need to add new knowledge to make the most profit in this market.

New "relevant" knowledge

Got bad experience with lost almost than getting profit in trading experience, but I will try again until how to know best time to trade and get much profit, many people try how to manage risk of trading way and always get positive side from trading and become their source income in daily day. I will keep continue going on for trading and never give up until how to be success from trading and investing with bitcoin or altcoin, I hope could help the other how to manage trading risk at the future.

I love your spirit!

I saw Forex trading through advertisements while I'm watching youtube, that's the time where I get interested on using it in trading. I seek information about it, I learned a lot, I understand how it works and that's the time I always invest all of my money in trading. As I trade, I realized that I need to find and explore other trading platforms, and Expert Option is somehow good enough. They are both a good trading platform but I still prefer to use Forex because I'm used to it for so many years. I'm confident and comfortable in that platform that's why I still use it until now and I don't see any problem with that. The result of your trading really depends on your skills and strategy and not on the platform that you are using in trading.

Just the perfect answer I have been looking for.

TBH, it wasn't really a perfect day all the time. Maybe it is quite normal to experience bloodbath sometimes the same as what it happens to the others.
But ain't make me think all in negative and even drop my trust to myself.

One thing I've found out when you are in trading,
BE FOCUS on your trading...something that I missed in the past days that brings me into a sad end but it serves as learnings to me in returns. It has something we need to take action in order to help it out from the recurrence of the same mistake.

This remains one big lesson. Everyone needs to face their trading. Your success in trading depends on you.

Reading all the replies and comment in this thread, it gives me realization how trading it works. The risk is really high and I believe that not all who have the hard try in trading will succeed. It is to see that even how good you in trading but can't disclose any chances to suffer losses someday. Now, I understand that there is no easy way to become a pro trader nor to see an instant return. But then, if we think ourselves that are capable of doing this, we have to stick to until we got it to reach.

The road becomes easy with time and experience. By then, you will know what you need and things to discard from your trading.

Your mention of Forex Trading drew my attention and subsequent response. Forex Trading (as the name implies) is also trading, though currency pairs and other commodities. You lose and profit the same way you do with crypto trading. Technically, crypto trading is even safer than FX because you don't get to lose until you sell off your tokens. But in FX, once you trigger a trade you're either in loss or profit. The best you come out with is BE (Break Even). My advice to you is to be careful. If crypto trading scared you away, FX can do worse to your finances.

I am doing better with FX now. 

Preparing to dive into Crypto trading.

I can't forget the day I made 15% in probably 10 minutes, I talk about it everywhere all the time. I know there must be some person who has made more money in shorter time, or if you look at the total gained, it is only 15% and it is not really a big deal, we make 15% plenty of times, I made 15% after that and before that as well, so it is not really a big profit neither.

But the fact that it was in 5-10 minutes is what made it so much better. One day I was looking at etc (back in 2017 peak days) and I saw that it got stuck while all other coins started to go up, looking at the charts everything is green but ETC was just staying still, so I said ETC will probably get some attention very soon to reach the others as well, so I bought it, around 700 dollars or so, not a big amount. And literally just 10 minutes later it started to go off like crazy . I got scared and got out after I profited 15% but it went up a bit more after that.

I'm happy you got out. You might have had some self-sabotaging beliefs there 

[Gozie51]

Well, things are different now. It's really difficult to actually find a great stuff in 2020 :/ Especially with those shit scammer coins.

I'm thinking fake projects and scam are the challenges for this time. Back the time such project had value and most of the projects are in cmc in top form. If developers can be sincere to what they are bringing out, I think 2017 can keep repeating itself.

[Bright_dhykseen]

Well, things are different now. It's really difficult to actually find a great stuff in 2020 :/ Especially with those shit scammer coins.

I'm thinking fake projects and scam are the challenges for this time. Back the time such project had value and most of the projects are in cmc in top form. If developers can be sincere to what they are bringing out, I think 2017 can keep repeating itself.

More the reason why as an investor, you have to do your homework in scouting for projects you think are good enough.

P.S: No amount of research will give a project full credibility/trust. Everything is a risk.

[Nhor1011]

My first experienced in crypto trading is really difficult and a lot of ? in my mind on how to gain. I trade some dogecoins and litcoin first because it was not so valuable and just have experience on how to trade but i lost all my coins. I start over with small amount of bitcoin and little by little i learned how to trade properly and get small profit from it. Experienced is the best learning method i used in order to continue do trading until now.

[Emitdama]

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.