Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Abiodun on March 04, 2019, 12:53:01 PM
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In the cryptocurrency space you must incure loss one way or another, it is so inevitable.
Mind us that there difference between Crypto currency traders and Crypto currency investors.
Cryptocurrencie Traders can incure loss and move on to the next trade to possible profit and cover up the previous loss but investors once they sell low they become afraid to enter the market again thereby losing but will rebuy when they feel the market is moving forward. Please share more light in this..
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That's what majority of currency traders do, cryptocurrency traders are no different in that regard.
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I believe in the past year many of us buy high and sell low because I feel many has lost hope so they sell but I must say we should consider this as a bitter lesson that teach us to improve our trading skills. But this market is not for hasty mind of people this market requires patience as well as good trading analytical and fundamental skills. There are some investors who regularly making money in this bearish market too.
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I think that people will continue doing it now. How many traders are selling Bitcoin currently, I wonder.
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The rules of a successful investor, buy when the market falls and sell when it grows.
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True, but a lot of people don't really follow them which is why such a large percentage of traders lose their investment.
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Many people don't have economic or related to trade education, they don't know how to manage their funds, that's why they start to panic when something goes wrong
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Many people don't have economic or related to trade education, they don't know how to manage their funds, that's why they start to panic when something goes wrong
People are not really patient enough to to withstand losing money on any trades they going into, and one thing about trading is that you either make profit or loose... And we should also know that as a trader loosing some times makes us learn and grow.
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Most traders don't have a specific economics education, but that is not necessarily a problem if they are willing to learn.
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Most traders don't have a specific economics education, but that is not necessarily a problem if they are willing to learn.
Knowing when to get into a trade is the problem most investors faces in this CRYPTO world and as such, it'll make them make some mistakes which at the long run turn out to be lost of funds and profits for them.
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I think that's a problem for all investors, regardless of what they are investing in - cryptos, fiat currencies, commodities, etc.
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The main goal is to learn how to keep calm and be no different from everyone else who doing the same. But the biggest mistake probably is not to buy for example those little BTC when it was like $20 or so you remember that times ? It was like 10 years ago maybe ?
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I can say that every crypto investors always fall prey to those mistake of buying high and selling low because of fear that the coins may be dumped in price after some time I think that's the main reason why others become victim of crypto lost.
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Once you became an investors you must to be sure that you fully trust the project that you are investing in with to prevent being paranoid on the possible price to choose wisely always
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Most traders don't have a specific economics education, but that is not necessarily a problem if they are willing to learn.
The problem is that many people don't want to learn, lose money and then blame crypto for it