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Author Topic: How do I not lose money in trading cryptocurrency?  (Read 2688 times)
BuNga_cute
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August 09, 2022, 03:34:42 AM
 #201

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

I think even understanding the market is not enough, also there is no such tool's that can give you like always a win trade. Trading is like a gambling, sometimes you win and sometimes you lose. What in those two where you will end up? And always only afford what you can lose. Trading requires year's of knowledge in able like to made more wins than losing. Other's always think that crypto is the one gonna make them rich, well for sure others do become rich with trading, but i am so sure not all of them made it to the top.

It is impossible for us to trade crypto without experiencing any losses at all, because crypto movements are very volatile and difficult to predict.
Even though we have good analytical skills and have good knowledge of crypto, this does not guarantee that we will always make a profit.
Because as you said it is normal in trading to experience profits and losses in turn, the most important thing to be a successful trader, we must
be able to reach a stage where the profits we generate are greater than the losses we experience. Therefore to get rich from trading crypto is
not easy, it takes a long time for us to have more wins than the losses we experience. So don't ever think we can get rich instantly from trading crypto,
we must have trading experience first, in order to be able to make the right decisions when trading crypto. Even for professional traders,
they sometimes still experience losses when trading.

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August 09, 2022, 03:36:06 AM
 #202

I think even understanding the market is not enough, also there is no such tool's that can give you like always a win trade. Trading is like a gambling, sometimes you win and sometimes you lose. What in those two where you will end up? And always only afford what you can lose. Trading requires year's of knowledge in able like to made more wins than losing. Other's always think that crypto is the one gonna make them rich, well for sure others do become rich with trading, but i am so sure not all of them made it to the top.
Is trading like gambling? do you know the meaning of real gambling and how it is different from crypto trading. maybe you need to study it again. Gambling is completely determined by luck, if you don't have luck you will keep losing. different from trading which of course has to do some analysis to determine or predict market prices.

If you consider it the same, maybe you do not do the analysis and only trade based on your guess. everyone can get rich by trading, but everyone can also be poor by trade, depending on how to do the trade.

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August 09, 2022, 07:30:11 AM
 #203

The trading in crypto currency is every time risky even crypto is a risk. But if you loose, you get experience and this a the first step to start journey towards success. In my opinion, the main techniques to trade without loss or low loss include the consideration of following:

1.   Market Bull or Bearish
2.   Selection of trading pair/ coin
3.   Grid/ chart view/ candle sticks 
4.   Market guess
5.   Leverage selection
6.   Continuous Market watch
7.   Stop loss strategy
8.   Study the techniques of traders
9.   Trading not more than 30 mins means with intervals
10. Use trading bots

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maybukaspa
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August 09, 2022, 11:59:00 AM
 #204

Well to be honest there is no way you won't suffer any loss from crypto trading. Even the people who learn years about trading still face some losses. In fact no matter how play safe you do, you will still end up some loss. But being knowledgeable in trading is really good.

Also to be added, there are no tools existed nowadays that is so perfect that will give you everyday win. At the end of the day its either you win or you lose.
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August 09, 2022, 01:06:54 PM
 #205

There is no way to avoid loss in the trading. Sometimes you have to lose your capital here. It is not possible to get profit always. But it is true that we have to know the right time when we should buy and withdraw our money to get profit. There is an another strategy that we should remember that it is not right decision to make huge profit from a single trade.
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August 09, 2022, 04:21:49 PM
 #206

There is no way to avoid loss in the trading. Sometimes you have to lose your capital here. It is not possible to get profit always. But we indeed have to know the right time when we should buy and withdraw our money to get a profit. There is another strategy that we should remember that it is not the right decision to make a huge profit from a single trade.

The possibility of losing in trading is very high but we could lessen it if we're fully equipped with knowledge about trading. Trading will always have the risk of losing but if we know how to deal with the volatility of the market, we could buy and sell at the right time with perfect timing. We only have to choose a potential coin and have the right mindset as we do trading. Greed and temptations could always be around us but if we have set a target goal, we'll have a guide to follow.
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August 09, 2022, 11:02:03 PM
 #207

Is trading like gambling? do you know the meaning of real gambling and how it is different from crypto trading. maybe you need to study it again. Gambling is completely determined by luck, if you don't have luck you will keep losing. different from trading which of course has to do some analysis to determine or predict market prices.
It is true, mate. Trading isn't the same as gambling, gambling purely relies on luck but trading relies on the knowledge and experience of the traders. There is no way in gambling to improve the chance to win, while you can increase the chance to succeed in trading if you have sufficient knowledge and experience. Learning has a big role in trading, otherwise it is useless to do in gambling. So, basically, gambling and trading are quite different, it is the wrong mindset to assume they are the same.

The possibility of losing in trading is very high but we could lessen it if we're fully equipped with knowledge about trading.
Yep, we can minimize the opportunity for losses, by having sufficient knowledge and experience.
However, it doesn't mean removing the chance for losses at all.  Wink


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August 09, 2022, 11:40:19 PM
 #208

There is no way to avoid loss in the trading. Sometimes you have to lose your capital here. It is not possible to get profit always. But we indeed have to know the right time when we should buy and withdraw our money to get a profit. There is another strategy that we should remember that it is not the right decision to make a huge profit from a single trade.

The possibility of losing in trading is very high but we could lessen it if we're fully equipped with knowledge about trading. Trading will always have the risk of losing but if we know how to deal with the volatility of the market, we could buy and sell at the right time with perfect timing. We only have to choose a potential coin and have the right mindset as we do trading. Greed and temptations could always be around us but if we have set a target goal, we'll have a guide to follow.
Trading losses is inevitable and no one should really be thinking that they should make out perfect trades because thats not how reality works because if there are gainers on the other side then it would be understandable that there are losers on the other side and thats how a market works.So instead on making yourself a perfectionist then its better to make yourself be more aware about the risk
and as you do gain experience you could really able to lessen up the risk involved with trading.The main target or goal on this one is you should really make yourself sustainable
and able to survive this unpredictable market.

R


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August 10, 2022, 04:53:37 AM
 #209

There is no way to avoid loss in the trading. Sometimes you have to lose your capital here. It is not possible to get profit always. But it is true that we have to know the right time when we should buy and withdraw our money to get profit. There is an another strategy that we should remember that it is not right decision to make huge profit from a single trade.
Whenever we talk about a valuable investment asset, we must realize that there is always a risk involved. Low or high risk depends on how we minimize it with good asset choices and how we have risk management.

Of course it will be difficult for anyone to avoid losses because crypto prices are very volatile, but again as I said that we can have ways to minimize it. The right way is when you realize that only money you can afford to lose you can invest, meaning from the start you understand how we have control over trading psychology.

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August 10, 2022, 08:37:18 AM
 #210

Looks like that is impossible not to lose money in trading crypto or trade only with profit. We are all here to get profit. Our profit means someone's loss. According to theory of variability, once there will be a different outcome compared to what you usually get. If you always lose in trading, once you will get a profit and vice versa. All the advices, such as do your own research, study market, trade with cold head, avoid emotions and etc, are good, but one day they will fail.

R


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August 10, 2022, 09:25:30 AM
 #211

Looks like that is impossible not to lose money in trading crypto or trade only with profit. We are all here to get profit. Our profit means someone's loss. According to theory of variability, once there will be a different outcome compared to what you usually get. If you always lose in trading, once you will get a profit and vice versa. All the advices, such as do your own research, study market, trade with cold head, avoid emotions and etc, are good, but one day they will fail.

I agree to this, especially the thing that our profit means someone else losses. Well, in trading there's always a loss that we will face but we can minimize the risk not completely remove the risk that we will face in trading with our perseverance to learn and learn how to control ourselves, anything that has a big risk we can make it to smaller one.


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August 12, 2022, 06:54:11 AM
 #212

The truth is you can never play is safe with cryptocurrency, the risk is what make you a veteran in trading, when you keep playing it safe you can't even make enough profit in most cases. So the best is try to invest the fund you know you can lose just incase your investment goes wrong.

Losing in trading is inevitable everyone knows that, I'm just not sure if you know that too, or you're just pretending you don't know. If you look at trading, whether it's crypto or forex, there's buy and sell, it's like win or lose, but the truth is buy or sell, we can make money from those two as traders.

But of course, if you are going to invest in an altcoin, you should first find out if these coins are worth it or not. look at its latest development in the present and the future. So that you don't waste your capital, right? This is also what most people who want to invest in cryptocurrency often do.

Just always remember that crypto trading dude, always give us a high chance to go in losses in the end if the individual traders are neglectful or lack of skills in trading here, in short, lack of knowledge or not knowledgeable. Most of the time winning or getting profit here in terms of big, is very seldom to happen and of course that would depend on the huge amount of holdings you have.

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onecall123
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August 12, 2022, 07:50:14 AM
 #213

The bear market has caused many people to lose money, but crypto scalping/day trading has still made a lot of money despite the dip. As a result of copying the process, I have officially doubled my portfolio. It's pretty inevitable that everyone will lose money when trading cryptocurrency. There will be times when everyone will have to deal with it. The crypto price can fluctuate every time because whales can hold most of the crypto. We can be disturbed by their actions, and may make foolish decisions as a result. Don't let that happen to you.

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CryptoHeadlineNews
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August 12, 2022, 08:48:55 AM
 #214

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.
You asked a question and just answered it yourself,  because those are actually the ways not to lose money trading cryptocurrency, but do you think crypto traders don't lose money? The answer is NO, all traders do actually lose money, but the rate at which he or she will lose money depends on three things, experience, always having a target and abilities to use the right tools at the right time. And another thing to have in mind because is to avoid investments which offers rewards way too good to be true, because it could possibly be a scam

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rojan
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August 13, 2022, 02:39:45 AM
 #215

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
You just have to understand the market, you need to be able to study and know when it’s a right time for you to invest and withdraw your crypto currency. And also remember only invest money you know you can make back even if you lose the money.

No one can do that in reality, even the experts can't help but reduce their assets significantly in cryptocurrency due to the volatility that exists in this industry. That's why here you can measure the skill of everyone's strategy in performing crypto trading activity. That's why investing in cryptocurrency trading always comes with risk because we don't know when its market value will actually go up or down.

So when we always think to avoid losing our assets in the end, we only bring our assets closer to losing them. That's why we should always be calm when doing trading and don't give in to the weakness of our emotions in this kind of business industry.
Whatever you do will be what is in your destiny no matter how much you think you will do it it will never be possible what is written in your destiny but there is risk in what you do it is better to act with risk later on when faced with the age  If you can wait patiently then you will succeed and if you lose patience and accept failure then you will fail and if you wait patiently then you will succeed.


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August 14, 2022, 04:28:09 AM
 #216

in investing, of course, most people must have experienced losses, and with these losses it became a valuable experience for us, for the future so that we do not repeat the same mistakes, so in my opinion in investing in crypto, we must be positive in mind and must enjoy and don't forget also to continue to learn so that our knowledge is better.
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August 14, 2022, 05:15:52 AM
 #217

No one can guarantee you that you can only profit without losing by trading cryptocurrency. And no one can tell such a way where only profit can be made by crypto trading . But someone can give you some introduction on how to trade that will give you more chance of profit. it is only truth. To trade in cryptocurrency you must accept risk.

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August 14, 2022, 06:59:09 AM
 #218

No one can guarantee you that you can only profit without losing by trading cryptocurrency. And no one can tell such a way where only profit can be made by crypto trading . But someone can give you some introduction on how to trade that will give you more chance of profit. it is only truth. To trade in cryptocurrency you must accept risk.
Yes you are right . A few month ago I saw a report where world top traders are gave their statement where most of them said that In the beginning they also made many mistakes and lost a lot of money.  But they also said that each time they made a mistake, they learned something new, and that learning drove them forward. In all business there are both profit and loss so in this trading also there are both profit and loss so the main thing is that you have to learn something new from where you face loss.


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August 14, 2022, 02:49:11 PM
 #219

Well to be honest there is no way you won't suffer any loss from crypto trading. Even the people who learn years about trading still face some losses. In fact no matter how play safe you do, you will still end up some loss. But being knowledgeable in trading is really good.

Also to be added, there are no tools existed nowadays that is so perfect that will give you everyday win. At the end of the day its either you win or you lose.
Any investment in trading business is risky. It is not possible to gain without risk. So before investing you must be careful. I normally consider loss is a part of my business. Another preceding condition of the trading business is the ability to carry the loss. There may be a loss, but some loss may be for one's own ignorance, and the risk is greatly reduced if it is known. Here ‍accquring knowledge is one another important part of reducing your loss.

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blockman
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August 14, 2022, 11:43:44 PM
 #220

in investing, of course, most people must have experienced losses, and with these losses it became a valuable experience for us, for the future so that we do not repeat the same mistakes,
All investors won't be reaching success without having the experience of losing. And those that keep going, with their losses, it is where they're getting the lessons they are applying as they continue with their investments or trades.

so in my opinion in investing in crypto, we must be positive in mind and must enjoy and don't forget also to continue to learn so that our knowledge is better.
Not only being positive in thoughts but also being knowledgeable on what you buy, what you hold and trade. It's important to DYOR for every investment that you do.

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