How do I not lose money in trading cryptocurrency?

[molsewid]

One of my friends who is currently a senior citizen had asked me if it’s still a good time to buy and trade Bitcoin without losing. I simply said that Bitcoin doesn’t have promises or astronomical guaranteed returns and the same goes to other cryptocurrencies due that they’re subject to volatility and fluctuations without warning. I initially said to her “Are you prepared to lose an amount that you want to invest?”. So since she is not ready, that means she isn’t ready to be a true risk taker. There’s no way that we don’t lose money in cryptocurrency trading. Reality speaks.

When I first read OP's thread my inner self speaking an answer that I don't know how to not lose money in trading ceyptocurrency. I don't know if safe trading in crypto really exists because in my whole journey I didn't experience such kind of event. That's why we always keep on telling each other to risk only the amount you afford to lose because trading in cryptocurrency has no assurance, make sure that the amount you use to trade is the amount that would not affect your life finances.

[1713494211]

1713494211

[Alert31]

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.

Trading losses are inevitable but you can minimize it by having enough knowledge and skills on how to manage your trading. As what you have said, you should understand the market on how it works. You should understand the graph and should have different strategy to gain profit and not losses. Remember that trading is not an easy money making machine, it is full of risk that you must accept.

Just a reminder, don't start trading if you don't know how. If you think trading is difficult for you , then you can try other investment in order to earn.

[Qikiye]

I can't say for sure how cryptocurrency can be traded without loss. If you have experience then you will face losses but to a lesser extent. Cryptocurrency trading without losses seems to be very difficult at first glance.

[geegaw]

If you want to start trading on a trading platform then you must have a good idea about trading. If you can't analyze different cryptocurrency markets then you are trading Profit you can lose. So if you want to avoid losses by trading, you need to know about different market signals.

To put it more specifically, even if you know the signals and use a ruler to chart the future direction of the market, the loss distance is still very close to us, it's almost an invisible attraction between us and the loss, avoid a few times but then don't take precautions in time, the loss still comes, it can be said that from the moment we take a step in here, loss has been a shadow silently waiting for us to merge with it. Without this shadow there would be no distinction between success and failure, so thinking about how to not lose money is just pointless, it's better to think about how to lose money rationally

[aryana42]

The more knowledgeable about cryptocurrencies and the more we practice, the more skilled we will be at trading. Skill is needed in trading, so the analysis we do has a great opportunity to make a profit. Seeing the fluctuating market dynamics, it is very important for anyone to implement a strategy. We all get it because we have knowledge so it is important to keep learning.

[Mahanton]

The more knowledgeable about cryptocurrencies and the more we practice, the more skilled we will be at trading. Skill is needed in trading, so the analysis we do has a great opportunity to make a profit. Seeing the fluctuating market dynamics, it is very important for anyone to implement a strategy. We all get it because we have knowledge so it is important to keep learning.

Learning is continous and a never ending thing because theres no such thing about pinnacle state on being a trading thats why as long you do get involved with the market

then you would really be learning up everyday but you should really put up into your mind that losing is inevitable and something which is normal when you  do deal up with trading with cryptocurrencies thats why you should make yourself aware off with those probabilities so that you would get shocked and be prepared whenever
you do able to experience it for yourself.

Try as much as possible to end up on profits because this is the only way you could really sustain yourself despite of those losses that you had commited.

[DoublerHunter]

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.

^ That is not will work probably, losing money is being a part of trading or any part of investment especially in trading.
Did you know that even experts in trading also experience a loss in trading, the fact is, the crypto market price is unpredictable no one knows when the price goes up and when it will go down. So, it is impossible that you did not experience losses and that losses will be a reason for us to learn and that mistake would try not to repeat itself. In fact, trading and any crypto investment is not a money-making machine.

[Bhig Daddy]

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.

[Franctoshi]

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.

There is no way that you can't loose money when it comes to Cryptocurrency trading as it is a very volatile market, therefore what you need are tools that will help you reduce possible loses you will encounter along the line.

Which are
1_Good trading strategy
2_Risking only the amount you can afford to loose
3_Not being greedy
4_Setting Stop lose and profit taking
5_ proper risk management

[carlfebz2]

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.

Not only in crypto but also in other or all investments as well on which you cant really able to play safe or something we do talk about 100% risk free because whenever you do step on any market or investment then

its automatically considered yourself to be into that risk zone on which there's always a tendency to lose money.Never ever think off about being a perfect trader or investor or something like that because it doesnt

really exist.Somehow you could really target out that you should really be able to sustain and maintain yourself on becoming profitable despite of those losses because it does signifies
that you are indeed doing well on your trading which is something that cant really be obtain by dealing with trading in a short time.It does really able to get yourself
needs to be experienced and all of stuffs before you do reach this state.

[CryptoHeadlineNews]

The only way you can never lose money to crypto is not buying any at all, because lost is inevitable when it comes to cryptocurrency because of its volatile nature, but yet it can still be controlled If you don't invest in shitcoins, have a strategic plan, right knowledge and the right emotions not to be too greedy when opening or closing a trade. Because, a lot of people have actually made money from shitcoins (the lucky ones) while others lost a fortune to the same shitcoins. So been discipline enough to stick to only trading Bitcoin to fiats and no other shitcoins will save you the stress of losing money trading cryptocurrency

[virasisog]

The only way you can never lose money to crypto is not buying any at all, because lost is inevitable when it comes to cryptocurrency because of its volatile nature, but yet it can still be controlled If you don't invest in shitcoins, have a strategic plan, right knowledge and the right emotions not to be too greedy when opening or closing a trade. Because, a lot of people have actually made money from shitcoins (the lucky ones) while others lost a fortune to the same shitcoins. So been discipline enough to stick to only trading Bitcoin to fiats and no other shitcoins will save you the stress of losing money trading cryptocurrency

Trading isn't for weak hands because you will literally experience losses here whether you like it or not because of the market's volatility. That's why you must be equipped with knowledge about the crypto world before buying. There will be times wherein you will fear inverting and there are also times that you will feel overwhelmed. It's like a roller coaster ride so you have to be financially and emotionally prepared. Always expect the unexpected because the market will always surprise you.

[Asiska02]

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.

The appearance of your topic differs from the topic's main body. In response to the question you posed as the topic, trading cryptocurrencies entails a certain amount of risk. As a long-term investor, you will undoubtedly observe the market's ups and downs, which means that you will lose money in some way, whether it be small or more. Although you can't prevent it, learning how to trade before investing will help you reduce the likelihood of losing a lot of money.

[Lanatsa]

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.

The appearance of your topic differs from the topic's main body. In response to the question you posed as the topic, trading cryptocurrencies entails a certain amount of risk. As a long-term investor, you will undoubtedly observe the market's ups and downs, which means that you will lose money in some way, whether it be small or more. Although you can't prevent it, learning how to trade before investing will help you reduce the likelihood of losing a lot of money.

Learning is something that comes after from a mistake or error which we could say that something that cant really be avoided or simply say that its been part of on overall process on which someone will surely experience.

Dont make yourself trying to have no losses because it cant really be just possible.All the thing you do need to do is to accept losses and if you do learn then try to reduce that risk as much as you could because it would really be that normal that you would really be tending to do so when you are already aware on certain conditions and this is where we do really find out that learning is everything and that learning could really be gained
through experience and just like on what others been saying on here that not everyone starts on being a professional or knowledgeable because everything can be gained through real experience or engagement.

[LUCKMCFLY]

The only way you can never lose money to crypto is not buying any at all, because lost is inevitable when it comes to cryptocurrency because of its volatile nature, but yet it can still be controlled If you don't invest in shitcoins, have a strategic plan, right knowledge and the right emotions not to be too greedy when opening or closing a trade. Because, a lot of people have actually made money from shitcoins (the lucky ones) while others lost a fortune to the same shitcoins. So been discipline enough to stick to only trading Bitcoin to fiats and no other shitcoins will save you the stress of losing money trading cryptocurrency

Well the truth is I have some friends who buy shitcoins and I don't know how but they win, but when I say Shitcoins they are the lowest, the ones that are like dump and pump, it's nothing like those coins like ETH, or the first of CMC, they are recently listed coins or coins that are known to give a pump, for me the only currency that will always give profits will be BTC and if it is bought right now and the price goes down it does not matter, because in the same way that currency will have a huge bullish jump, I think that's enough for them to believe in BTC before another currency.

[Lida93]

This thread should be in the section https://bitcointalk.org/index.php?board=8.0

In fact, you have already answered the question. That is learning all the concepts of trading as best you can, mastering what you really can fully master in trading. Therefore, it makes you have your own guide in every action to take advantage. However, all traders must experience situations that are not always profitable, sometimes what we have predicted according to our knowledge deviates. It is natural and definitely unavoidable..

Only a few traders stick to a very guide or pattern of trading and when you do so over and over again without relenting  you're only gaining a mastery of it all,
it tend to minimize loss and build confident too, and not jumping from one guide or pattern of trade to another you only end up from one loss to another.

[og kush420]

This thread should be in the section https://bitcointalk.org/index.php?board=8.0

In fact, you have already answered the question. That is learning all the concepts of trading as best you can, mastering what you really can fully master in trading. Therefore, it makes you have your own guide in every action to take advantage. However, all traders must experience situations that are not always profitable, sometimes what we have predicted according to our knowledge deviates. It is natural and definitely unavoidable..

Only a few traders stick to a very guide or pattern of trading and when you do so over and over again without relenting  you're only gaining a mastery of it all,
it tend to minimize loss and build confident too, and not jumping from one guide or pattern of trade to another you only end up from one loss to another.

..PAtience is the key one should take the step with caution.
I agree on the point you have mentioned that jumping from here to there would not help you any ways.

[fauzan Ichsan]

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.

the hard thing to do is to hold on long term, of course the feeling of impatience and worry will always be there. but with the right coin selection it can at least minimize that feeling. especially if we hold the meme coin, of course the heartbeat will feel faster, so the solution is how we can control ourselves, so that we can exit the market when we have made a profit. if to find the highest price it might be a bit difficult, especially if the market is about to form a new ath, no one knows where the peak will be

[Franctoshi]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
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.

Cryptocurrency is a high risk volatile market which literally you can loose all your money in this industry, Therefore there is no escape route or way where you can not loose money or incur loses when it comes to cryptocurrency trading, rather you can only manage your loses in trading Bitcoin or cryptos by using the risk management system where you have to stick or play by the rules which can help you navigate in cryptocurrency trading without having to incur much loses.
 Below are measure which you can to take while trading or investing in cryptocurrency in order to be profitable and not blow your account while trading cryptocurrencies.

1. Invest the amount you can afford to loose
2. Do not be greedy
3. Always ensure you Use trading stops and TPs
4. Do not risk more than 2-5% of your funds or high x leverage while doing leverage trading.
5 .Ensure you diversify your crypto holding , that is do not invest in only one crypto project, as Luna crash is a typical example of what could happen to you.

[og kush420]

To what i think on my own view i don't know if i can get more knowledge and understanding to this.
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.

Cryptocurrency is a high risk volatile market which literally you can loose all your money in this industry, Therefore there is no escape route or way where you can not loose money or incur loses when it comes to cryptocurrency trading, rather you can only manage your loses in trading Bitcoin or cryptos by using the risk management system where you have to stick or play by the rules which can help you navigate in cryptocurrency trading without having to incur much loses.
 Below are measure which you can to take while trading or investing in cryptocurrency in order to be profitable and not blow your account while trading cryptocurrencies.

1. Invest the amount you can afford to loose
2. Do not be greedy
3. Always ensure you Use trading stops and TPs
4. Do not risk more than 2-5% of your funds or high x leverage while doing leverage trading.
5 .Ensure you diversify your crypto holding , that is do not invest in only one crypto project, as Luna crash is a typical example of what could happen to you.

Well that is a good point you have mentioned - invest the amount you can lose.
But in this time - we cannot lose any amount. Also that is correct I have lost a big amount of crypto from wallet and I was literally in no position to lose it.