16k DOLLARS LOSS IN JUST 1 YEAR

[bayu7adi]

It's quite unfortunate, but that sounds like FOMO. If you're not familiar with what FOMO is, you can read about it here: https://www.techtarget.com/whatis/definition/FOMO-fear-of-missing-out

It's important to note that coins with weak fundamentals that rely solely on pumps to attract investors are often a bad sign for their future... even if you get them at a low price, there's still a possibility that their value will decrease in the future, potentially reaching rock bottom. It's crucial to choose coins carefully if you intend to use them as part of your savings strategy to help safeguard your assets and preserve their value.

imo, your mistake might have been placing too much confidence in coins going through a pumping phase and rushing to enter without logical reasoning. It's a good idea to practice patience and observe market movements. Then, align your approach with your trading style, whether your analysis is for the long term or the short term.

[ItsCrafty]

As I advice for all person do not invest money when you didn't know how to trade first of all we should get good knowledge about trade after that we should not invest our pocket money on crypto if we have extra money which might be loss in crypto so we wouldn't in tention 16k dollars is not less money but are unlucky becauseay be you have not good knowledge about trading

[ItsCrafty]

But you see the price of bitcoin now..the main problem is that we can't wait for trading we are getting panic fastly.we are thinking short way for trading to make rich which is not good..in this crypto trading there a lot of coins which all are not same we should understand the market situation after that choose a best coin which have good price chart records previously like BTC if this 16 was invested in bitcoin when bitcoin was at price of 16k dollars then your money would now 37k dollars always choose right coin

[Lanatsa]

It's quite unfortunate, but that sounds like FOMO. If you're not familiar with what FOMO is, you can read about it here: https://www.techtarget.com/whatis/definition/FOMO-fear-of-missing-out

It's important to note that coins with weak fundamentals that rely solely on pumps to attract investors are often a bad sign for their future... even if you get them at a low price, there's still a possibility that their value will decrease in the future, potentially reaching rock bottom. It's crucial to choose coins carefully if you intend to use them as part of your savings strategy to help safeguard your assets and preserve their value.

imo, your mistake might have been placing too much confidence in coins going through a pumping phase and rushing to enter without logical reasoning. It's a good idea to practice patience and observe market movements. Then, align your approach with your trading style, whether your analysis is for the long term or the short term.

One of the things that everyone is really that experiencing specially when you are still a noob, getting FOMO'ed? Pretty common and if you are someone who arent that emotionally stable or something that being too impulsive then you are really that susceptible on making out with those impulsive reactions which would lead up into those actions and decisions on which it might not really be that giving you some advantage because we know that once your emotions are disrupted then there's no way that would'nt really be changing up your mind into the decisions you might be taking.

If we do speak about losses, then it is really that inevitable. Why? We are  dealing with a market on whose really that too volatile and unpredictable. So it is really that normal that
there are positions on which we do make out some bad decisions into it, the important thing on here is that you should be getting prepared for some
additional or back up plans when it comes to this matter. Also mistakes are stepping stones or something that could make you more better as you do go ahead.
You would be finding soon later that you are really that enhancing up your skills.

[HONDACD125]

As I advice for all person do not invest money when you didn't know how to trade first of all we should get good knowledge about trade after that we should not invest our pocket money on crypto if we have extra money which might be loss in crypto so we wouldn't in tention 16k dollars is not less money but are unlucky becauseay be you have not good knowledge about trading

Investing in cryptocurrency is not a very risky thing, but trading is very difficult and people take it easy and lose money trying to get more profit. Sometimes even people who know how to trade make a loss in trading. Those who do not know how to trade, yet participate in trade, are like gamblers.

$16k is certainly a lot of money, but even if a million dollars is given to people who have no experience, they can waste it.profits are not guaranteed in any business , but  must be a good experience, and always move with the market. It is very important to know how the crypto market works. A good amount of money is required to trade in the cryptocurrency market, here you can neither trade nor get profit with the amount of pocket money.

[TakeItEasy]

But you see the price of bitcoin now..the main problem is that we can't wait for trading we are getting panic fastly.we are thinking short way for trading to make rich which is not good..in this crypto trading there a lot of coins which all are not same we should understand the market situation after that choose a best coin which have good price chart records previously like BTC if this 16 was invested in bitcoin when bitcoin was at price of 16k dollars then your money would now 37k dollars always choose right coin

Bitcoin price is increasing as continuously but we have seen now it is more stable at above $35k which is a better sign of relief for the traders which are going to make some huge investments in different coins they know and have knowledge. As in crypto space, a person who have some knowledge about its coins he wants to buy or if he wants to invest in that, he must be at that stage in which he knows what the coins really is.

Many traders in the trading competition are far behind still now because they didn't have some proper management and planning and they didn't have mostly the ability to cover these topics in which he is weak like one is strategy.

[shawonngp]

I read your story and i want say your some wrong step, Why you started with big amount of dollars while you are not a experienced traders, 1k$ is not a joke.
The sound is you traded as like gamble it's not trade, without knowledge started trading it's your big mistake, it's very sad you already lost 16k$ for aggressive trading.