Bitcoin: Understand how to use your coins

[Luzin]

Because I didn't know how to use my coins.
It all started with discovering the futures market. High leverages!
That sounded interesting: Earn at high more than 10x more.
Don't believe it.
I lost my coins because I wanted more than time could provide.
I wanted to be smart and I was the dumbest guy in the world.
Believe in spot, believe in your bitcoins And believe in the power of time.
I lost about $150,000 for wanting to be faster than time itself. Don't be stupid like I was.
Save your coins and have a decent future.

All I know is, it looks like leverage is pretty much the same as Future. I've done that, and I'm disappointed in myself for losing money. I was addicted to playing leverage back then. But I'm glad I was able to let go of that. I'm not going to repeat that again.

The past has nothing to regret, we can only make it an experience and a lesson. Many people will probably regret it if they look at the current crypto price. They'd probably be billionaires if they held it back until now.  Our job today is just to take advantage of the opportunities that exist, let's stay excited.

[Masplanc]

It's is a nice one for one to get understanding on Bitcoin operates by getting to know this one has to seek for the taste of knowledge, take time to learn what is required. Do not rush to earn when you lack updates about cryptocurrency.

[pawanjain]

OP was probably gambling on getting the huge returns than trading. We all do mistakes in the beginning and that's how we learn.
But I would never go in with such a huge amount before actually testing what I am getting into.
OP should have tried leverage trading with a smaller amount instead before investing such a huge amount in leverage.

[AakZaki]

OP was probably gambling on getting the huge returns than trading. We all do mistakes in the beginning and that's how we learn.
But I would never go in with such a huge amount before actually testing what I am getting into.
OP should have tried leverage trading with a smaller amount instead before investing such a huge amount in leverage.

Yes because Leverage is so attractive. Looks like it will make us rich fast. But that makes us very weak and lose our minds to make decisions. Apart from that, on social media there are also many who show off his advantages, although I think he must have lost too. It also makes newcomers interested in playing like the OP. The important thing that must be mastered is to master emotions with consideration of loss and gain. Indeed, there are risks but risk management is the best thing for you before or after entering a crypto market. Because money is not worth playing. Actually I've done that too, but I know the risks and spot trading looks safer.

[Porfirii]

I'm not new to the market.
I'm new to a forum that values ​​knowledge and the revolution that bitcoin has made.

Welcome to the forum, btw, helpmecryptocurrency.

I hope you are a bit better now. Thank you for sharing your experience: you may feel embarrassed for losing that money, but you have been very brave talking about it here, in my opinion. I guess that there are many other more veteran users here that lost this and larger amounts of money, even the smartest guy can have bad luck.

[kawetsriyanto]

I lost everything. All coins and all my savings.
Why?
Because I didn't know how to use my coins.
It all started with discovering the futures market. High leverages!
That sounded interesting: Earn at high more than 10x more.

First of all, so sorry to hear that.
There are so many similar experiences like this.
And the problem may be also the same, investing, trading, and doing an activity on something that we really don't know.
Here, I appreciate that you are aware of the things that cost you all our money. And this is where another really begins. As long as you can take lessons from previous experiences, then you can learn how to manage assets more wisely, choosing what you should do according to your current abilities.
Trading by leverage for anyone even for professional traders is very risky, especially if for beginners, it is like gambling. Many people are too interested in getting higher profits by using leverage or futures trading. Meanwhile, they do not really understand this. And they end up losing their money.

[ifarted]

I'm not new to the market.
I'm new to a forum that values ​​knowledge and the revolution that bitcoin has made.

Welcome to the forum, btw, helpmecryptocurrency.

I hope you are a bit better now. Thank you for sharing your experience: you may feel embarrassed for losing that money, but you have been very brave talking about it here, in my opinion. I guess that there are many other more veteran users here that lost this and larger amounts of money, even the smartest guy can have bad luck.

I totally had the same thoughts as you.

Making a mistake and failures is only a part of our success. We might stumble and fall in our journey, and but there is always a lot of opportunities waiting for us. Don't be discouraged that much. Maybe it's not time for you to shine yet.

I don't have any experience yet but I gotta admit, trading is indeed rather quite difficult because you're taking risks and at the same time, you're fighting with yourself because mostly greediness wins and when that happens most fails. So that is why I understand people who fails to trade. Anyway thank you for sharing your experiences to us. Remember this mate, there is always a second chance to stand up again and fight. You can do it, cheer up.

[Pmalek]

I lost everything. All coins and all my savings.
...
It all started with discovering the futures market. High leverages!
That sounded interesting: Earn at high more than 10x more.

I hope your negative experience won't prevent you from trying crypto again, but being a bit smarter with the decisions you make. You also shouldn't blame the market for experimenting with trading strategies you never should have touched in the first place.

This thread of yours reminded me of something I wrote a few months ago, especially the last case with the rapper KSI: What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How?

[WePiggy]

Most people will lose a lot of money in crypto at some point in their trading lives. It's depressing, but you just need to jump back in during a bull-run to get started again.

The markets are rising now, almost everyone's a winner, get back in quick before the bear return. The Stock-to-Flow model is so far a good one to follow, that will maximise your gains and minimise your losses

[BlackHatCoiner]

And what's the title's relation with your trading incident? You felt like you had big balls and went all in. Okay, I understand that. Does that mean you don't know ​how to use your coins? Nah. Your feelings were just prevailing your decisions instead of your reasoning.

The trading hobby is a dangerous one, whether you've taken these technical analysis courses or not. I, myself, had started watching some, but got bored soon. There's nothing interesting in this field for me.

As for leverage: Gambling squared.

[trickys]

Hi everyone!
I really wish I had found this forum sooner.
I'm here to tell beginners: Beware.
I lost everything. All coins and all my savings.
Why?
Because I didn't know how to use my coins.
It all started with discovering the futures market. High leverages!
That sounded interesting: Earn at high more than 10x more.
Don't believe it.
I lost my coins because I wanted more than time could provide.
I wanted to be smart and I was the dumbest guy in the world.
Believe in spot, believe in your bitcoins And believe in the power of time.
I lost about $150,000 for wanting to be faster than time itself. Don't be stupid like I was.
Save your coins and have a decent future.
Thanks for reading.

Ouch, very sorry to hear it.
Unfortunately, this story is similar to the stories of 80%+ traders who eventually lose their money trading forex, stock, crypto, etc.