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Author Topic: Having losses? Or people are not going the right way  (Read 847 times)
lucates
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September 04, 2022, 05:13:39 PM
 #81

Nobody who has HODLED for over 6 years has ever lost money. Bitcoin should be seen as a long term investment. If these guys can’t handle the heat, they should stay out of the kitchen. Great volatility is the price you pay for life changing profit. Patience is of course, key.

I think having losses is common among traders. As long as it's bearable, losses are always a lesson but a tragedy when people are not going the right way. There are speculations, fake news, fud etc; are might be a reason. Make sure everything is in your control.

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September 04, 2022, 07:40:35 PM
 #82

Nobody who has HODLED for over 6 years has ever lost money. Bitcoin should be seen as a long term investment. If these guys can’t handle the heat, they should stay out of the kitchen. Great volatility is the price you pay for life changing profit. Patience is of course, key.

I think having losses is common among traders. As long as it's bearable, losses are always a lesson but a tragedy when people are not going the right way. There are speculations, fake news, fud etc; are might be a reason. Make sure everything is in your control.
Losses is inevitable no matter how good you are on doing trades or how well you are on positioning yourself on the market you would still able to experience these things.
Thing here is that you should really able to make yourself sustainable so that you you really be that able to survive this unpredictable market.Dont mind other people or traders in the
market because it would really just boggle up your mind on what you should gonna do.Always focus on your goal or target on a particular day or long months
because you are the ones who would really be handling out yourself on this very unpredictable market.

R


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September 04, 2022, 10:14:00 PM
 #83

A normal thing people can easily catch their eyes with the easy earning of money and for sure many people get encourage to do this at the same time because they want to make their savings more profitable and again the market is volatile and it is all up with your decision to make a hold or sell your assets and of course once the market is currently going down there's a chance that you might get feared and panic selling those holdings you have.
Meaning that not because we invest in Bitcoin we all gonna make a profit. Losses is inevitable and that also lies in our hands as we make a decision differently. We saw some people make rich in crypto, and gain thousand or million dollars, and literally, we ask how? And they probably will answer buy, hold, and sell at high - that seems easy to understand and it was not hard to do. But unfortunately, not all went successfully, many had lost their minds due to panic and impatient.

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September 05, 2022, 02:06:02 PM
 #84

I think having losses is common among traders. As long as it's bearable, losses are always a lesson but a tragedy when people are not going the right way. There are speculations, fake news, fud etc; are might be a reason. Make sure everything is in your control.
Everything cannot be in your control but you have to know how to handle everything like as if you are in control. Market ups and downs are a part of the market, it does not mean you are facing a tragedy. While keeping your cool during stress is one thing, dealing with pressure from sudden market movment is another thing.

People make mistakes in this market, those are your chances to pounce on a quick low price buy or a high price sell. These chances will come but you have to be vigilant once you enter the market.

Losses will happen, but take them as lessons and try not to repeat them.

R


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September 05, 2022, 03:00:54 PM
 #85

You can't blame them for investing in altcoins, there's a diamond in the dirt and everyone's thinking that they should just keep on accumulating those coins because they wouldn't know which one is going to pump real fast so that they can become instant millionaires.

It's about being lucky with that kind of altcoin that we're investing especially if we are participating in a presale campaign. Even private sales campaign won't guarantee you an edge because there are chances that it will go even lower than its price. And worse, most of the private sales has a vesting period.

Yes I agree with you about the "diamond in the dirt" thing regarding altcoins. Been there done that.

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September 05, 2022, 03:07:10 PM
 #86


It's about being lucky with that kind of altcoin that we're investing especially if we are participating in a presale campaign. Even private sales campaign won't guarantee you an edge because there are chances that it will go even lower than its price. And worse, most of the private sales has a vesting period.

Yes I agree with you about the "diamond in the dirt" thing regarding altcoins. Been there done that.
Do necessary research and set parameters in every coin we buy even it is presale or already in the market. We can search now if what the project is all about, how it was market and who is the team behind it. We know it is risky to get involved in new coins or altcoins and safer to invest in bitcoin but if we are capable of risking some of our investment in altcoins provided we do research and see that project potential then be it. I have earn some worthy amount before in some altcoins from presale just don't hold it too long, as long as I’m able to gain profit from it I already sold it.

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September 05, 2022, 10:34:06 PM
 #87

The mistakes people make is because they are investing in altcoins, could you believe that altcoins are more volatile but many of them do not make it to all-time-high in 2020/2021.
That's why it says "volatile", you may see the price will just randomly exploded for some reasons in just matter of times . People are not ready for this especially in altcoins where they think that they can just let the coins freeze in their wallet without any proper research first. The way they watch their altcoins are totally wrong hence the losses are in their hands.

Do necessary research and set parameters in every coin we buy even it is presale or already in the market.
Let's be real here, most of the presale coins are worth nothing in the future because most of them are just scammers and failed at the end without getting listed in any exchanges. Even though they manage to list it, the price would look really bad in just few days. I'd recommend to just stay away with it, unless you know what to do and sure with whatever risks you face later on.

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September 05, 2022, 10:44:42 PM
 #88

Most of the people got in during the peak of the market when the hype is so strong.  It is obvious that when the hype fade, the price will correct itself, and those who invested in it will surely suffer losses.  Those who invested in BTC are definitely going the right way but most of them lack knowledge and patience so they derail from the correct path and give up their holdings at a lost.  If they only intended to hold for a long term, I think the survey won't have the same result. 
While those who invested on altcoins that are shitcoin and are only driven by hype, are definitely in the wrong way.
Those who made successful journey in crypto do not mean that they don't suffer losses at first. Of course they were but they were able to overcome it and stay positive despite of their struggles. If only those investors were patient enough to wait for the best entry and the best exit, and were never tempted to maximize altcoins investment, then its for certain that they mostly reach their expected profits.

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September 05, 2022, 11:09:09 PM
 #89

Without much agitation as why it should be otherwise, I think most of the cryptocurrency investors that comes to pick up the innovation for an investment forget the fact that, the field have been a decade plus old and although we continue to have more internal innovations, it's best age is long past.
The most you could do to benefit more from its future is to be patient and patience is what these guys lack the most. They invest today and belive they should be rraping in few days or weeks or months as the case maybe be.
The question here is;
Where is the profit expected to come from? Out if the thin air?

Ofcourse from new investors for which thy could be playing the part as well. Its just the what it is.

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