This is why no one should trade Cryptocurrency

in bitcoin •  7 years ago 

It is a fucking heart breaker. Especially if you have no fucking idea what you are doing. It took me a while and $1,000 to figure that out.

But now I have gotten a hang of it and I am not giving up. I intend to keep trading and redeem my cash back. The only funny thing is I have now taken another risk, something I will advise nobody to do - ever. I have placed a bet on OmiseGo. I got in at a very bad place. $7 and now I cant sleep anymore. I have watching over the charts like a fucking hulk. It is fucking crazy man.

Words ofadvise guys dont ever ever ever ever EVER EVER trade a bull market that seems to have risen so high. it is fucking insane. Dont do that shit. FOMO is the worst thing that can happen to any trader. It is totally fucked up. Now I looking to pulling out my money. It is fucking stupid. Anyway hope u will learn frommy mistake

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Cryptos are all about buy and hold... Forget daily trading, you lose few points in return but when we are taking about 10-20x is not a bit deal. But, if buy-and-hold you can't go into FOMO because you are just accumulating :) don't give up

Thanks man...I am hanging in there. But the truth is that I am learning - although painfully - from my mistakes. Now I now know that there are things I will definitely not do anymore. And you are right...no more day trading. Today I actually shut down my lap top and took my pregnant wife for an evening stroll....not minding if the price is going to hell or the moon...... I feel free.

And I cannot agree more with that strategy, in the long run we will all make money, as we are already.... I started buying big in January, had 1 single trade, all the rest just buy and hold, so far I'm up 20x..... I'm not getting the 100x, ok, but compare to the offline market a 2,000% return in 8 months is quite insane ;)

awesome