Anyone can succeed as a bitcoin trader

[Kelvinid]

It is very difficult to me...I always trade in the opposite direction and lost money...

It's sad, but you're not the only one who loses his money trading. According to statistics, 90% of traders lose their money. And the fact that almost everyone writes on the forum that they trade and make a profit is just a desire to pose as a successful trader, and not a statement of reality.

Some traders prefer to be okay and continue trading hoping for some luck like they are in gambling rather than telling what really happens to them.
That certainly happened to me, not all the time I was in profit, the same thing with losses but that is normal. But as I've tried to evaluate the number of times that I was in profit, I find out that I lost more than what I earned - quite disappointing. So I decided not to focus on trading and I'm now more into investing because I see it was less stressful.

[1714491825]

1714491825

[1714491825]

1714491825

[1714491825]

1714491825

[EarnOnVictor]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin.  Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

Merry Christmas 🎅 🎄 to you all.

Merry Christmas to you in arrears!

You see, trading is not child's play and it is rather easier said than done. Be it Bitcoin or anything, it is not easy to trade and profit on a normal day. But what I believe is making people think it is easy is that they are gaining in Bitcoin now, however, the reason is easy, they can trust the bullish side and it is not uncommon in the market when people would think a certain direction is the holy grail direction when the market is strongly biased in the direction. But that condition is not always so in the long run. For now, not only Bitcoin, it is all cryptocurrencies with the right projects, they are giving traders and investors huge amounts of money, and this is easy.

You can imagine BNB for example, when the Binance issue came up when CZ and his company were fined for anti-money laundering. I saw BNB around $200 per one, but today, it is above $310. This happened in the shortest possible time and those who had anticipated the move since this is the FOMO time for cryptocurrencies would have bought it and be making huge money through it on spots and futures markets. It is as easy as that, this is the season for that. But we should be weary too, trading can be so tricky and could deceive you into believing you can win all the time, but if care is not taken when the market is back to normal without FOMO, then you see the other side of the market.

[Mate2237]

If you don't know how to trade and you involved yourself in trading then trading will create a nightmare for you. You can loss everything within a few seconds. Don't jump to trading without the basic information and knowledge in trading. But when you have understand trading very well before coming to trading then everything will be very simple even though you will face some challenges. For you to grow in trading you have to ask questions from those who very good in trading in your location and here in the forum.

Knowing the market and understanding the Candle Sticks is the number one thing to know before proceeding to the trading platform. And if trading is not good for you then you have to go to investment.

[tvplus006]

Some traders prefer to be okay and continue trading hoping for some luck like they are in gambling rather than telling what really happens to them. ..

It seems to me that this is the main mistake by which a trader loses his money. Most traders continue to hold a losing position, instead of fixing a loss and starting to analyze the market in order to open a new position. This is probably what distinguishes successful traders who quickly close a position if the price moves in the wrong direction.

[letteredhub]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances.

It is good for newbies if they read stories about loss with trading, risk of trading because very few people will share their painful stories.

This is so true, and this has misled plenty of newbie traders that has to encounter series of losses in the beginning of their trading journey which made them to give up shortly bethinking that trading isn't their thing. Mainly those YouTubers who teaches about trading online they only make use of successful trades in their tutorials making trading look like a simple affair you can jump in and out with profits. Showing newbies the ugly side of trading will in my opinion strength their mind and prepare them for what's ahead as they decide to pick interest in crypto trading.

People can succeed in trading but chance is small and it is proven by many studies and statistics.

You're correct, if we're to sum up the total figures of crypto traders the successful figures will be insignificant to the total. And those that fall into this successful traders figures are traders that started off with huge money as start up. They have a lot of advantages with experiences that they keep gaining as they make losses and later build on those experiences to be professional traders. All am saying is that, in trading the amount you have also matters in determining your success at the end.

[decodx]

I'm not so sure about those statistics OP mentioned.  From what I've read, way more people seem to be investing in bitcoin for the long run instead of trading it.  The numbers show that a ton more buy it planning to hold it rather than try to make a quick buck off price changes. 

Sure, some make money playing the volatility game in the short term.  But those traders are by far the minority compared to the growing number of investors who think bitcoin could explode in value down the road.  Most folks aren't out to make a fast profit - they want to hold it for years and hopefully make a killing when it really takes off and  thats been the pattern at least.  People buy it and hang onto it, rather than flipping it day to day or week to week.  They're playing the long game not trying to time the dips and peaks.

Just doesn't seem right to say there are more traders than investors.  From everything I've seen its the total opposite.

[freedomgo]

...Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion...

This is all just theory, but in practice everything is completely different. And there are a very large number of traders who, after many years of unprofitable trading, decide to change their role to an investor. And for many, this is the right decision that allows you to earn a lot of money with minimal risk, which is still present when investing.

Not all traders are equally profitable, some are just trying hard in trading and still end up losing after trading. Anyone can be a trader but reaching the success in trading is not everyone gets. Only those who are brave enough to conquer their fears and those who are knowledgeable and skillful in trading end up trading successfully, while leaving others in failure and losses. Trading is certainly hard, especially if you are not fully aware of its risks, and are only trading because the rest of your peers are trading due to greed.

[Issa56]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

The reason most people are wrecked when trading is because they lack knowledge about what trading is truly about. Some of them don't really care to have knowledge about trading, they just see people claiming to be making money from trading, and they also decide to start trading without having proper knowledge about what trading is all about. That's why some of them end up failing after trying to trade.

When learning how to trade, you are supposed to start with a small amount, the more you keep on understanding trading, the more you keep on increasing the amount you are trading with. The mistake some people make is that when learning how to trade, they do start with a large amount of money, which they are likely to lose. In crypto, always start small and grow, a newbie trading with a huge amount of money is really wrong.

When some people are on YouTube, they do see videos about trading, and when you are on social media sites like Facebook, Telegram, and X, you will always see people making advertisements about their trading signals. People like that are always making people trying to join the crypto space think that trading is kind of easy, just to make sure people join their signal group, and people that join will end up receiving fake signals, wasting money on the trade, and they will also end up wasting the money that they paid signal providers.

[Sanitough]

Not anyone can easily turn successful in trading. Know that trading is hard and risky, but if you have high tolerance, then trading is perfect for you. But it takes good amount of knowledge and experience in the trading market to make you a sustainable trader. If you think you still lack on that, then I suggest not to take suicidal in trading.

Trading can be learned overtime as long as you never resort into quitting. Of course, there will be inevitable losses as even professionals end up with losses, but the challenge here is to outnumber your losses and sees trading to earn more profits.

[Lanatsa]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin.  Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

Merry Christmas 🎅 🎄 to you all.

We wont really be able to know unless we do try on which it would really be just that right that if ever you are really that trying out to pursue a particular thing then it would be just that better that you would really be having that engagement through it on which we know that there's no way that we could really be able to make out some conclusions whether we are really that making an effective dealing up with something or not.
Its impossible that we cant really be able to point out whether its really that progressive or something that it isnt really that making any movement at all in speaking about profitability.
We do know that each person does have that different level of skills and also with the patience you do have.

We do know that there would really be different factors on which it would really be making out some effect throughout the overall things that we are really that dealing with.
As a Bitcoin trader or overall crypto trader on which skills and other things will really be that learnt up along the way but the main key on here is that you shouldnt really that make yourself
would be in a rush in speaking about learning these things.

[jaberwock]

It is very difficult to me...I always trade in the opposite direction and lost money...

It's sad, but you're not the only one who loses his money trading. According to statistics, 90% of traders lose their money. And the fact that almost everyone writes on the forum that they trade and make a profit is just a desire to pose as a successful trader, and not a statement of reality.

I am still not really believing that number. That number changes time to time, 70% was another number that was thrown around and 90% is something I have seen before as well, you are not the first person that said it.

However, I do have hard time believing that 90% of the people in the bitcoin world would lose this much money, feels like they should be making more and I think it feels like it's something that would not be really all that much of a big deal. I hope that it is not true and this stat is just a made up one, if it is really true then I would really feel very sorry about it. There are so many people who are making so many mistakes, and having something like this doesn't really feel like it makes sense on the long run.

[Awaklara]

It is very difficult to me...I always trade in the opposite direction and lost money...

It's sad, but you're not the only one who loses his money trading. According to statistics, 90% of traders lose their money. And the fact that almost everyone writes on the forum that they trade and make a profit is just a desire to pose as a successful trader, and not a statement of reality.

I am still not really believing that number. That number changes time to time, 70% was another number that was thrown around and 90% is something I have seen before as well, you are not the first person that said it.

However, I do have hard time believing that 90% of the people in the bitcoin world would lose this much money, feels like they should be making more and I think it feels like it's something that would not be really all that much of a big deal. I hope that it is not true and this stat is just a made up one, if it is really true then I would really feel very sorry about it. There are so many people who are making so many mistakes, and having something like this doesn't really feel like it makes sense on the long run.

90% of novice traders, maybe it's true. but when there are more experienced traders I don't think the situation will be like that.
However, in trading, there are still those who profit and there are also those who lose. Even professional traders don't always make a profit.
what differentiates it is the way each trader minimizes the risk of loss. They both plan for profits, but the way to overcome the worst possibility of an unwanted situation is different.

[deathcode]

It is very difficult to me...I always trade in the opposite direction and lost money...

It's sad, but you're not the only one who loses his money trading. According to statistics, 90% of traders lose their money. And the fact that almost everyone writes on the forum that they trade and make a profit is just a desire to pose as a successful trader, and not a statement of reality.

I am still not really believing that number. That number changes time to time, 70% was another number that was thrown around and 90% is something I have seen before as well, you are not the first person that said it.

However, I do have hard time believing that 90% of the people in the bitcoin world would lose this much money, feels like they should be making more and I think it feels like it's something that would not be really all that much of a big deal. I hope that it is not true and this stat is just a made up one, if it is really true then I would really feel very sorry about it. There are so many people who are making so many mistakes, and having something like this doesn't really feel like it makes sense on the long run.

90% of novice traders, maybe it's true. but when there are more experienced traders I don't think the situation will be like that.
However, in trading, there are still those who profit and there are also those who lose. Even professional traders don't always make a profit.
what differentiates it is the way each trader minimizes the risk of loss. They both plan for profits, but the way to overcome the worst possibility of an unwanted situation is different.

If everyone gets losses, how are there still people who trade and don't just choose to invest long-term?
What happens is in the beginner trader phase. we cannot avoid losses. Every beginner or even experienced trader who starts trading must also go through this phase. some losses are bound to occur. but it gives beginners more experience and knowledge to grow. so that they can reduce the risk of loss gradually, they will make a profit.

[barisbilgili]

90% of novice traders, maybe it's true. but when there are more experienced traders I don't think the situation will be like that.
However, in trading, there are still those who profit and there are also those who lose. Even professional traders don't always make a profit.
what differentiates it is the way each trader minimizes the risk of loss. They both plan for profits, but the way to overcome the worst possibility of an unwanted situation is different.

If everyone gets losses, how are there still people who trade and don't just choose to invest long-term?
What happens is in the beginner trader phase. we cannot avoid losses. Every beginner or even experienced trader who starts trading must also go through this phase. some losses are bound to occur. but it gives beginners more experience and knowledge to grow. so that they can reduce the risk of loss gradually, they will make a profit.

When everyone who trades experiences a loss, of course there will be no more people who want to trade.
Yes, for those who have just started trading, of course they will experience losses because they do not have experience in trading and when they have experience in this field, of course they will be able to minimize losses in the trading they do, if they continue to study it and have a lot of experience in this area, of course they will can profit from the trade.

[lienfaye]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading.

I agree. You'll never know unless you try and that's what I did, since I also want to become a trader and be like a pro who's earning good for being a trader. But I think it's not the suitable way for me to earn because it didn't go as planned. It's hard especially if you can't focus due to other activities (could be a daily job) that needs your attention.

But what matter for me is I tried and experience how it is to become a trader. For now, I prefer to just stay being a hodler since I don't have to spend time to monitor the market often.

[Sebas.tian]

Once you have the knowledge of Bitcoin, how to succeed in your Bitcoin trading is very easy if you can use capital that you can afford to lose to invest and wait for some time to see how much has enter if you sell at the moment. If you want to go far in Bitcoin trading and remain successful at the end, ensure you know how to carry out your personal research when bullish season newly appear in the market, because many traders use to rush to supply their Bitcoin and the price will continue increasing for such group of traders to regret. If you are a short term traders in the market, it will take you a long time before you will begin to make a little income from your trading because long term traders succeed quick than short term traders in the market.

[JariKriting]

everyone can successfully trade crypto currencies both bitcoin and altcoin.
but there are conditions that must have knowledge in analyzing the market, and also must have considerable experience in terms of trading crypto currency.
without it will only waste money because it will always lose in trading. and the movement of crypto currency, especially altcoins, has very high ups and downs or very high violations so you can quickly profit a lot or can lose a lot and run out of your money.

[kojektea]

If you look at Bitcoin now, it should be said that Bitcoin is currently too high to be used as an investment coin if you started recently. but bitcoin is just one of millions of coins in the world. so there are still many similar coins that are no less interesting than bitcoin, maybe they are even early releases. We can be the first adaptation to make us people who will truly be successful as long as the coins we invest in are high in the future. this is very interesting. Crypto is broad, not just Bitcoin.

[BRINIRHA]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin.  Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

Merry Christmas 🎅 🎄 to you all.

Insight alone will not be enough to become a successful trader. Or become a trader who consistently makes more profits than losses. But trading any trading pair is equally difficult for those who are lazy to analyze the market. Even in bitcoin. Especially if it is futures trading. Where I see people getting liquidated continues to happen every time there is a rapid movement in the price of bitcoin. Which indicates that currently many people like risk. Well, they want quick profits and dare to take risks. and I don't think that type of trader is what I like.

Apart from insight, we also need experience. And in the process of gaining experience, we must always control the risks we take as much as possible. Being brave is good. But if it is courage after we ensure strong fundamentals that support our decisions.

[Fatunad]

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin.  Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

Merry Christmas 🎅 🎄 to you all.

Bad experiences and losses then it would really be that normal once you do touch up yourself when it comes to trading. This isnt something that a simple skill that you could acquire. Tons have tried but
only a few would really be able to survive. This is why it would really be just that better that you shouldnt really that expect too much about being success but doesnt mean that you wont really be doing your very best.
Just like i have said earlier that this isnt a skill that you could really be able to acquire in a small or short time. It would really be that normal that you would be able to pass up tons of trials and errors along the way.
For sure despite of those losing traders, there would really be those profitable We do know that this wont really be called a market in the first place if there would be no sellers and buyers.

I've been involved in trading for 2 years on which i couldnt say whether im really that good or not, but much sure im still in between or breakeven and this is why i dont really make myself that easily
quit or stop because i do see myself that being progressive or really that learning. Im still that learning along the way and i wouldnt be stopping just because of those loses.
Just mind off that it is really just that part of the learning curve. You cant really just that make yourself too rush up things.