Trading losses

[Nellayar]

Can someone balance me real quick, how do people get losses even though we know that Bitcoin is destined for growth?
is it because people are looking to buy and sell quickly which may result in a loss if market falls?
Because in my view i feel like buying and holding on to your bitcoin until its value has increased(which is an assured) will always set you for profits.

please correct me if im wrong...

It is destined to be growth yet there is no specific time for that to happen. There is no so called "one direction in the market". There are always ups and downs. No matter how we avoid it, losses in our capital will always be happen. Look at 2017 crashed, there are many people who had been disappointed in bitcoin. And if you hold bitcoin, probably you will be upset when you see how bitcoin slowly dying during 2018 bear season. If you want to be successful in trading, you have to know where to buy, hold and sell your position.

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[FanEagle]

People are exactly right, bitcoin is destined to go up in the long run and not every day, tomorrow it could fall but I know in 10 years it will be higher, which creates a problem with traders who lose money because they trade constantly. Would I do something like that daily?

I am not sure, but do I understand those people? Definitely. If you buy and hold you are going to make a profit for example if you bought at the start of just this year, you would have made over double of your profit, which shows you how great it is to buy and sell.

But, how about if you sold at 7k, rebought at 4k, sold at 12k when it hit there, rebought at 10k and sold now over 15k? I know you can't always be right like that but if you did that you would have made insane amount of money, even quadruple your investment. They try to do this, they fail most of the time but this is their goal.

[yohananaomi]

No one will get losses if they are buying at the right price (low) and sell it at the right price as well(high). Nothing wrong with that strategy, but the most common mistakes that a trader loses they are driven by their bad emotions. Impatient people will never succeed in this kind of investment. Because what I usually observed is that many were investing Bitcoin when the price is growing up unlike during the bear season. I'm not saying this is a wrong idea but particularly not a good time when buying because dumps will commonly to show and the sad thing is that, these people will sell immediately their Bitcoin with losses.

belief in the ability to analyze is sometimes underestimated and not continuously honed in order to continue to learn from mistakes that may have been made and not to do it again. It is true what you are saying that buy when prices fall and sell when you are sure to make a profit.
much seen is impatience for each execution of what steps will be taken. panic will certainly make what will be done can be irrelevant to the actual situation. and the incident is always repeated so that things can no longer be tolerated.

[gabbie2010]

People suffer losses because of no patience to stay in Bitcoin. Those who truly believe in the growth of bitcoin able to wait for the price to increase and also some able to accumulate until it reached their target price to sell. So some wants for a quick profit that they do day trading and suffer loses. If they know the big opportunity in this industry they will be patiently hold and will accumulate more btc even the price is low.

While some traders bought at peak thinking that the price will continue to trend upward  just like the recent peak at $15900+ in the period of US election, imagine a buyer who bought at that price zone will be in red now, that is where charting analysis experience is needed so as to have an edge over the market, while its quite difficult for a newbie to day trade Bitcoin, the best bet for a newbie is to buy at low and hodl while waiting patiently for a pump and sell to earn profits.

[GrayFullbuster]

People suffer losses because of no patience to stay in Bitcoin. Those who truly believe in the growth of bitcoin able to wait for the price to increase and also some able to accumulate until it reached their target price to sell. So some wants for a quick profit that they do day trading and suffer loses. If they know the big opportunity in this industry they will be patiently hold and will accumulate more btc even the price is low.

While some traders bought at peak thinking that the price will continue to trend upward  just like the recent peak at $15900+ in the period of US election, imagine a buyer who bought at that price zone will be in red now, that is where charting analysis experience is needed so as to have an edge over the market, while its quite difficult for a newbie to day trade Bitcoin, the best bet for a newbie is to buy at low and hodl while waiting patiently for a pump and sell to earn profits.

The one who bought at the peak or at the top of the price are usually those who did a FOMO wherein they thought that the price will increase more. That's why understanding the price action is important, the election can be also a factor wherein Joe finally reached the 270 electoral votes and it affect a lot of market especially the stock and indices market. There is a price correction that happened exactly when the news arrived where Biden finally won. I advise other to trade at their own risk but they should make sure that they have plan that they can use in order to know the perfect entry and perfect exit.

[SquallLeonhart]

its quite difficult for a newbie to day trade Bitcoin, the best bet for a newbie is to buy at low and hodl while waiting patiently for a pump and sell to earn profits.

Day trading must be too difficult for everyone usually; the way of trading you just suggested, must be a more appropriate way of trading from beginners to professional traders these days. When volatility is not under predictable level, we cannot have any other help except holding for days to week. Bitcoin market is always known for getting us enormous profit when we are opting for holding for years. So, day-trading vs years-of-holding is the key thing here.

The one who bought at the peak or at the top of the price are usually those who did a FOMO wherein they thought that the price will increase more.

Getting into FOMO must be unavoidable practice these days, it seems. Even you are too good with your technical analysis part, your emotions may lead you to get into FOMO at any time because price action is that much lucrative natured one to distribute your patience and all other emotions.

But, if you are trading only bitcoins then you never need to worry about getting into FOMO, because price will test peaks for sure so that you can exit with profits but if you are able to hold down your nerves.

[Yatsan]

Certainly you are having the wrong concept and idea on how the price of Bitcoin changes over time. It is not intended to just get into growth in terms of price because any type of currency, fiat and crypto does not work like that. The changes on the market allows for the price to have correction experiencing ups and downs on the prices of any currency within the market. Bitcoin is not certainly destined to experience growth because it is still a currency and not any kind of individual to have its own destiny. The pricing of it is affected by many contributing factors that affects how the price changes over time. People do experience trade losses because of duly wrong choices or decision they are making starting of on choosing the crypto as well as the way they react on how they supposedly manage their trades with sudden changes.

[barbara44]

People do not look at bitcoin the same way all the time, our views of bitcoin changes over time constantly, sometimes goes back to what it was and sometimes becomes much different. I started it out because I hated banks and I wanted my money to be in bitcoin, I moved into seeing it as a way to get paid globally for work I would do, it moved into investment and now it is more about freedom and not being tied to regular fiat world anymore.

All of these affects your trading as well, when you look at bitcoin differently you also trade it differently as well, when you look at bitcoin one way you trade it more frequently, when you look at it another way you hold it and not trade or maybe just sell. So basically what you think bitcoin is, would also be answer to what type of trading you would do.

[proTECH77]

Market is a something that can change at anytime,anyday that no people can predict positively. During lockdown many investors loss so much because of the virus that was spreading all over the market that was causing people not to come to market to buy, which also reduce demand in the market. Many have not yet recover from their loss during the pandemic which is still making them fear to trade before the end of this year 2020.
Many that use lockdown as an opportunity for them to release their coins that they have been holding over 2 year, really experienced loss from their trade. 

[Mahanton]

People do not look at bitcoin the same way all the time, our views of bitcoin changes over time constantly, sometimes goes back to what it was and sometimes becomes much different. I started it out because I hated banks and I wanted my money to be in bitcoin, I moved into seeing it as a way to get paid globally for work I would do, it moved into investment and now it is more about freedom and not being tied to regular fiat world anymore.

All of these affects your trading as well, when you look at bitcoin differently you also trade it differently as well, when you look at bitcoin one way you trade it more frequently, when you look at it another way you hold it and not trade or maybe just sell. So basically what you think bitcoin is, would also be answer to what type of trading you would do.

It all varies on how you do look on it and what you do believe on it and i agree that it do really change up depending on the situation you are into.
There are situations in life which you would really changed up some minds where you do hold some bitcoin but there are instances or emergencies
which you do need to cash out some of it and also it varies on your needs because transactions can be made without any hiccups or spending too much
fees.. Trading is one of the most common way to earn money but it isnt simple as it sounds and this is where majority do have wrong perception
towards it.

[Untomabur]

Trading losses are very reasonable when trading, it is part of the job, even though you are an expert,
trading losses will always be with us, lose and win are options for us, if you want not to experience big losses,
then you have to be smart about management your money.

[iv4n]

Can someone balance me real quick, how do people get losses even though we know that Bitcoin is destined for growth?
is it because people are looking to buy and sell quickly which may result in a loss if market falls?
Because in my view i feel like buying and holding on to your bitcoin until its value has increased(which is an assured) will always set you for profits.

please correct me if im wrong...

Well it's why some people say that you need to have a lot of patience for trading! How people lose money, they buy and sell in the wrong time, with loses, because most of them wanted fast cash. It's basically a game of waiting, you can buy in anytime and if you wait long enough you will get your profit! I am sure that people who bought at 20k in 2017 will get their profit in years to come! Of course if they waited with their bitcoins, if they sold at 3k last year, can you imagine what loss is that?!
So "holding on to bitcoin until its value increase" is possible, but it means that you really want to hold and you are ready to wait month or year, maybe longer... if you have weak hands you will sell when the price start dropping with loss.

[justdimin]

Big and middle level traders did made a loss as well, I know plenty of people in a group that has 50+ bitcoins (which I know is not the rich people you think but it is still quite rich) and they have lost a lot of money during that period as well.

Do not forget that traders in crypto world usually do not trade with money from some company or corporation, they usually trade with their own money which means if there is a pandemic and if they are not doing well with their finances, that means they may have to cash out some of their money to pay for their urgent needs. Obviously a lot of people lost their jobs, and some of these people had their income and lived with that and on top of that had bitcoin saving aside, when their job was gone their income was gone so only money they had was their bitcoin, so when bitcoin dropped to 5k, they had to sell anyway to cover their expenses.

[bounceback]

Can someone balance me real quick, how do people get losses even though we know that Bitcoin is destined for growth?
is it because people are looking to buy and sell quickly which may result in a loss if market falls?
Because in my view i feel like buying and holding on to your bitcoin until its value has increased(which is an assured) will always set you for profits.

please correct me if im wrong...

Well it's why some people say that you need to have a lot of patience for trading! How people lose money, they buy and sell in the wrong time, with loses, because most of them wanted fast cash. It's basically a game of waiting, you can buy in anytime and if you wait long enough you will get your profit! I am sure that people who bought at 20k in 2017 will get their profit in years to come! Of course if they waited with their bitcoins, if they sold at 3k last year, can you imagine what loss is that?!
So "holding on to bitcoin until its value increase" is possible, but it means that you really want to hold and you are ready to wait month or year, maybe longer... if you have weak hands you will sell when the price start dropping with loss.

Not everyone can be patient in the world of trading, this can be seen when new coins go up a little, they are immediately sold, and vice versa when the coins go down they are very panicked and sell at low prices. Indeed, to get big profits in the world of trading requires a lot of patience, If you are too reckless when you sell or buy, this will certainly greatly affect how much capital we have to spend and the loss will continue to decrease. It is better if before you are active in trading, you have to go to the extent of patience in dealing with very complicated things in the trading world, including when coins suddenly rise so drastically and fall too fast.

[pankowri]

It's a natural habit of business. Trading is a system that is not see as secure by the market. There may make profit or loss depends on market, risk, time, types, overall depends on the situation. Trading loss commonly depends on the failure to risk identified, lacking patients, world economy, inflation, etc. To prevent this before getting on market one should have to well understand about market.

[Janation]

Trading losses are very reasonable when trading, it is part of the job, even though you are an expert,
trading losses will always be with us, lose and win are options for us, if you want not to experience big losses,
then you have to be smart about management your money.

Losses are part of investing and trading.

There is no way that you can avoid or not experience loss, as I said, it is a part of it. Professional investors and traders that know what they are doing also experience losses since they can't actually control or manipulate the market, what they can do is to lessen the losses if they can predict what will happen or if it is starting to happen.

[DrG]

The people who don't enter with the mindset that there may be a loss are the ones who usually fair the worst. Be disciplined and make a plan before you purchase. Set down rules for how much to sell and when to sell - in both profit and loss scenarios. This way you don't let your emotions of doom or moon take over. Failing to sell on a large slide back an eating the loss on BTC from 20K to 3K is fine if you were expecting that - people who didn't probably gave up and sold at 3k because lack of plan.

[Bosx1ne]

The people who don't enter with the mindset that there may be a loss are the ones who usually fair the worst. Be disciplined and make a plan before you purchase. Set down rules for how much to sell and when to sell - in both profit and loss scenarios. This way you don't let your emotions of doom or moon take over. Failing to sell on a large slide back an eating the loss on BTC from 20K to 3K is fine if you were expecting that - people who didn't probably gave up and sold at 3k because lack of plan.

A good trader should have good mindset, how can we say that we have a good mindset as a trader? It is simple if we have certain rules and we follow it very well. Those good trader have a good mindset that makes them to be consistent making money in the market. They understand that there is no sure profit in the market and the understand that losses are really inevitable. They cannot really avoid losses but they can prevent them to suffer in huge losses because they have rules and part of the rules is by managing their risks very well.

[Renampun]

Can someone balance me real quick, how do people get losses even though we know that Bitcoin is destined for growth?
is it because people are looking to buy and sell quickly which may result in a loss if market falls?
Because in my view i feel like buying and holding on to your bitcoin until its value has increased(which is an assured) will always set you for profits.

please correct me if im wrong...

it's not wrong to be a HODLER, because surely the Bitcoin price will continue to increase...
which is my question, have you ever felt a loss? if not then you need to feel it just once. Trading is actually very simple, the formula = only buy when the price is low and sell when the price is high, if you sell at a low price when you buy it at a high price then you lose.

[ScamViruS]

This is a common practice of crypto users. Everyone wants to increase the amount of their bitcoin then they are attracted towards trading. Everyone who comes to trade comes to trade with their own money, so they know very well which one will be better for them.

Those who are inexperienced in trading prefer to hold. Again those who have enough experience in trading and prefer day trading can make good profit by trading bitcoin. So the main thing here is that in the case of experience trading, if you trade without experience, losses are inevitable.