Trading not for everyone!

[justdimin]

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.

I do not think that 99% would be possible for bitcoin at all, I understand the logic and I understand the fear and if we were to talk about it like technically speaking then we could say that it could be done.

But, the reality is that we are talking about a situation where it would be near impossible for it to happen, this is why we should be careful about what we are picking. While those altcoins do have a chance to drop 99%, there is no chance for bitcoin to do it, and I bet that ETH won't have that chance too. Even BNB which is third biggest could do it if something were to happen to Binance, but at the same time the Bitcoin and ETH duo will not have that, the yare just way too big to drop 99% which is nearly nothing.

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[kingdombank]

Congratulations. We are in same idea. This is a very useful piece of advice. If you are not patient and determined, do not enter this trade if you do not have clear information about the subject. Otherwise, you will only hurt.

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past.

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

[Kelvinid]

Obviously trading is not for everyone, even if you have all the skills to trade and make profit there are some other important skills that you need to have in order to be on the profit side on a long run in trading, even if you know how to read the chat and enter the market and exit successfully yet. You don't have patience. You will not be successful in Trading. Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

- You can never make everything possible and earn consistently but for sure, you will also suffer losses
 - You can never call yourself an expert if you don't know risk management - that was a self-proclaimed.

I believe in destiny and so why Trading is not for everyone - It is because not all are destined to become a trader. It is necessary to assess ourselves whether if we can do trading in the right way or not, and we don't need to pressure ourselves knowing that we can't make it as it was a suicidal move.

[carlisle1]

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Indeed. If you became interested to be a trader just because you saw someone earning a decent amount through his trading activity, it doesn't mean you'll have the same result. Because it depends on your knowledge and experience in trading to maximize the chances of having a successful trade.

Trading is not for everyone but you can always try. This is to experience if being a trader is better than the other opportunities out there once you engage yourself in crypto. If it doesn't work then you can try the other ways until you find the path that can give you decent profit without pressuring yourself.

Correct. If you are jealous of someone who manages to earn out from this business, you should do your best to learn more about
the industry and not just blindly follow what you think is trending.

There are many ways to learn and taking extra efforts and time to learn is something that an individual person will take as edge against those
who did not do their homework.

Your success will be dependent on the actions that you will going to take.

[Adbitco]

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.

Yeah you are right though, but the risk in altcoin can't be compared with bitcoin since most of them doesn't come rise back as quickly as possible. Just as you had said earlier, most of those altcoin loses tremendously but aren't that energized to rise back as bitcoin that's why I myself do love holding bitcoin than altcoin. Yet there are some other altcoin you could hold and may not loose that much because they are already known to be the popular ones, apart from them holding none reputable coin are very risky especially the overhyped coin.

Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.

Exchange token are not guaranteed either they equally lose drastically as others but what you should know is that is only left for us to be smart and act safe with our altcoin, that is to say when holding altcoin and you noticed you have made some certain profits we should try our best to take profits or sell out capital from holdings.
This is also applicable with trading, whenever you are trading don't leave your holdings in altcoin; when you close trading for the day you should try as much as possible to hold btc or a stablecoin while opening you can start back with the other coin.

[Peanutswar]

Actually there's a point As you can see recently there are a lot of advertisements right now showing how trading can bring in a huge amount of money, but in reality its not all about here because you need to consider the basic and fundamentals of trading, or else you will just waste all your money with your prediction that has now assurance with the market price movement, also there's a lot of influencers want to promote this and encourage people but they didn't enlighten them about the possible risk all they encounter when they make a trade, some newbies hire for a mentor for their journey, some of them makes a self study it depends on your approach but at the end of the day profit counts.

[Dickiy]

- You can never make everything possible and earn consistently but for sure, you will also suffer losses
 - You can never call yourself an expert if you don't know risk management - that was a self-proclaimed.

Yes, but by fighting hard enough and sticking to their plan they will be able to make things possible, profits may be made but I would say that they will not always be profitable. That means as you said above that the profit will always come with a level of risk as well. In trading the market moves very fast and it's volatile, and I wouldn't say that professional traders are those who never lose, they have a lot of experience and also with strong self-control. Although professional traders have a lot of experience but that does not mean they never lose, losses will always come to anyone and I say they have many ways to be able to minimize their losses. So for professional traders I think they have a higher profit rate than their losses.

I believe in destiny and so why Trading is not for everyone - It is because not all are destined to become a trader. It is necessary to assess ourselves whether if we can do trading in the right way or not, and we don't need to pressure ourselves knowing that we can't make it as it was a suicidal move.

I quite agree with you and I will repeat what you said above, "not everyone is destined to be a trader", at first glance this makes a little sense. But I will also add a little, in my personal view this is not a matter of whether or not someone can trade. Because if they want to then they can do learning related to this field, if they want they can look for a lot of references from other people or find a mentor to guide them, and they can do it. meaning that anyone will be able to trade. And I don't think that's a limitation. I emphasize, everyone has their own attraction to whatever field it is, if they want or are interested then they will learn in any way and if they don't do it it doesn't mean they can't but they don't want or are not interested. Everyone can but not everyone is interested in doing it.

[beerlover]

it is indeed the key that must be held, using spare cash which does not interfere with our needs for life will make us more relaxed in holding it. and before that we must also be aware of the risks, so there is no need to really hope that our money will multiply quickly, because thoughts like that sometimes often damage our common sense. if you are only ready to receive profits I don't think that should be done in the cryptocurrency world, because many people are disappointed in the end

Yeah you are right there are some post I have came across here they said "all funds are important to them" meaning this sets of people can't spare any amount for investment and trading because to whatever that comes as results may quickly make them to start panicking so, true trading is not meant for everyone and they should know the area suitable for them to venture into.
Maybe physical business could help go along way whereby they don't lose their money at a go, due to the volatility level of cryptocurrency we should mind the kind and sets of people we should always try talking with because some of them may not bear the lost.

I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.

[Adbitco]

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I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.

Smiles..
Are you indirectly telling me you haven't ventured into trading before due to the fear of losing huge amount of money or panicking?
Usually trading and investment is something we should get ready for, that is to say we should try our best to also accept the risk associated with trading and investment. Most at times we don't always get prepared for that part of our lives when it comes of trading and investment, people always think of the positive aspect, how they could get whatever profits without getting prepared for the risk associated with getting huge profits as well.

[tjtonmoy]

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Time sure does the thing. But in order to make profits, you need to choose the correct option. Not every cryptocurrency will give you profits even if you HOLD them for the rest of your life. Some will vanish from existence and you will not know it before it's too late. For this reason alone, it is very important to choose the right one to hodl.

Also one more thing. Bull market is not the time to HODL. You need to set up a target and when it is achieved, you need to make sure to let go. Otherwise, you will be making losses instead of profits. As we all know, after every bull run, there will be a bear market that will follow. Finding the best time to sell is the right thing to do during a bull market.

So if you are not good enough at trading, then buy and hodl. Buy in a bear market, hodl till it's over and then sell in a bull run. That should be the right thing to do.

[DeathAngel]

Day trading is not a good idea, it requires extensive knowledge and experience to effectively predict short term market fluctuations. It can be emotionally and mentally draining as constant monitoring and decision making are required. Day trading often involves high transaction costs & risks, potentially resulting in financial losses. It can lead to impulsive decision making & excessive trading which can hinder long term investment goals. It's generally recommended to focus on long term investments for sustainable financial growth.

[Lanatsa]

it is indeed the key that must be held, using spare cash which does not interfere with our needs for life will make us more relaxed in holding it. and before that we must also be aware of the risks, so there is no need to really hope that our money will multiply quickly, because thoughts like that sometimes often damage our common sense. if you are only ready to receive profits I don't think that should be done in the cryptocurrency world, because many people are disappointed in the end

Yeah you are right there are some post I have came across here they said "all funds are important to them" meaning this sets of people can't spare any amount for investment and trading because to whatever that comes as results may quickly make them to start panicking so, true trading is not meant for everyone and they should know the area suitable for them to venture into.
Maybe physical business could help go along way whereby they don't lose their money at a go, due to the volatility level of cryptocurrency we should mind the kind and sets of people we should always try talking with because some of them may not bear the lost.

I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.

You would really be scared on something which you have first time do able to hear out or able to encounter on which it would really be just a normal approach or reaction on the time that you are into this situation or condition on which it is really that a casual reaction to be made by a noob but on the time that you had gained up sufficient experience then those kind of emotions would really be totally removed or eradicated
along the way.I agree that there are really people who dont really end up on successful with trading or simply it isnt for everyone but it doesnt mean that you wont really be trying. You wouldn't know unless you do try and this had been always my main motto when it comes on dealing up with something new or my first encounter.

If you do see that other people do get up some success on this one, then why would really be limiting yourself on reaching out such condition too? There are really just those people who are really that
do easily give up on the time that they would really be seeing that it is really that something so hard for them to deal with without having the plans on trying it out first and directly make out
some decisions that they should stop or quit it right away.

[freedomgo]

In crypto market, trading is not a must. Although we’ve seen bigger profits that are made through trading, but always know that not all those who suicide in trading end up successful. Most of those who trade without sufficient knowledge and skills have only wasted their time and money, so I don’t advise people to trade unless they’re ready for it. However, everything in the crypto market can be learned even with trading. If you think you’re not good enough today, then find ways to improve your knowledge and skills and even develop some great opportunities if you like because those are the prerequisites for a successful trading.

[Vaculin]

Absolutely right. Trading is hard and risky, so one should never jump into trading unless he’s ready to take the risks and overcome frequent losses from trading. That is because trading has its inevitable losses as well, so if you’re not ready to lose, then never do trading from the start. However, trading provide great opportunities to earn, and if you’re knowledgeable and skillful enough, you will gain maximum profits in trading. But if you think you’re not capable enough to trade and overcome losses, then practice more because that’s the only way to improve your skills when trading.

[Sanitough]

This advice should be aimed not only to beginners, but also to the more general public for people interested in cryptocurrency. It is clear that a huge number of people who are interested in crypto do not earn a profit from trading; the majority of them always lose and only a few make a good profit. Those who have made good profits and become wealthy through cryptocurrency are the holders; they buy when the market is down and sell when the market is up.

Day trading or short term trading is not for everyone. It's a wild fire that even experienced traders find it hard to handle. You are right in saying that profit in the long run lies in HODLing and short term trading can only give you occasional benefit. I have tried day trading and quickly find out that I am not suitable for that and left that trading to avoid future loses. The more quickly you understand trading (short and day) and its prons/cons the better it is for your capital.

Just accept the reality that not all those who aim to trade end up trading successfully. Some are just trying hard to make their trading works but eventually, when all they experience are frequent losses than gains, that’s where they realized that trading is not for them. So never doubt yourself but never fail to admit when you feel things are not doing good. Trading is not for everyone, as well as trading is not a must in the market.

[TelolettOm]

Day trading is not a good idea, it requires extensive knowledge and experience to effectively predict short term market fluctuations. It can be emotionally and mentally draining as constant monitoring and decision making are required. Day trading often involves high transaction costs & risks, potentially resulting in financial losses. It can lead to impulsive decision making & excessive trading which can hinder long term investment goals. It's generally recommended to focus on long term investments for sustainable financial growth.

It depends on the person/individual. If someone has enough knowledge and strong mentality, day trading can be the right option. Day trading offers profits in short time, people can earn dollars just in a day although it is not a big amount of money. Sure, day trading isn't easy to do, it requires skills and good analysis both for technical and fundamental aspects. It also can be quite emotionally when the market suddenly changes its direction. But there people who like to take challenges and the risks like in day trading, it is no problem as long as they can earn money. People must understand that there is no trading without risks, whatever the type of trading must have its own risks.

In crypto market, trading is not a must. Although we’ve seen bigger profits that are made through trading, but always know that not all those who suicide in trading end up successful.

Yep, if trading seems not suitable, we can choose investment. Both investment and trading offer good profits, but people can earn profits faster with trading. However, it is better to earn profits for long holding than wasting our money with trading. 

[Dr.Bitcoin_Strange]

Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

Like you said, patience is really required in trading. I agree with you, because even if one is an experienced trader, that doesn't mean they are going to have every trade be successful; rather, they tend to archive more successful trades than beginners. The crypto market and price movement are always dynamic, as no one can accurately predict the price of any crypto asset they are trading. Although there are some technical analysis tools for predicting the possible moves of the coin before signing a trade, that doesn't mean that all the time the market price can end as predicted. Trading just requires the trader to be confident and get off their emotions when they experience heavy losses.

[EarnOnVictor]

Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

Like you said, patience is really required in trading. I agree with you, because even if one is an experienced trader, that doesn't mean they are going to have every trade be successful; rather, they tend to archive more successful trades than beginners. The crypto market and price movement are always dynamic, as no one can accurately predict the price of any crypto asset they are trading. Although there are some technical analysis tools for predicting the possible moves of the coin before signing a trade, that doesn't mean that all the time the market price can end as predicted. Trading just requires the trader to be confident and get off their emotions when they experience heavy losses.

It's easier said than done but still what traders have to do in trading. Trading is vast and it's like a spirit that invests you to do contrarily to your plan, and the more you try, the more you might see yourself deviating from the original plan. This is why I often laugh when I see people writing about what to do in trading without putting a strong emphasis on discipline and determination to do it. It's a thing trying to do something and another finding yourself doing another thing, this is common in trading and it's all psychological, and the issue of psychology in it has to be taken most seriously. But first, traders must be adequate with a good trading system and management before anything psychology can work. If not, such should just close his trading chart and call it a day.

[Dimitri94]

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

Trading business may consider like a very simple business to many. But is trading business really easy? I think this is one of the hardest businesses in the world. We generally think that since it can be done online so easily, I might get something good from here in a short time. But the reality is different because it is a risky business platform. Where you can easily lose more. Volatility is usually high in the trading business, so you may see big changes in your assets over time, which is unexpected for many. In this kind of trading business it is very difficult to hold emotions. Many traders cannot control it as a result of which they can lose their wealth there. etc. There are several tough challenges a trader has to take which are not easy for everyone.

[benalexis12]

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.