Don't trade what you can't risk loosing

Jovanni

New member
You are responsible for your own trade, someone introduced us to Bitcoin trading. He/she will not be responsible for the mistake you have made. While trading a huge sum of money, to earn 1000× of your funds, in two weeks. Found a tweet, “About a dude telling a cryptocurrency Twitter influencer, how he got influenced wrongly. He traded 10BTC and lost all". This could be clout, but serves as a good information. So many cryptocurrency Newbies invest in the first assets that feel okay, without doing their own research.

Pay attention; If you have plenty BTC like the dude above. It's certainly well, you know how to trade, close to what the dude thought. For this reason, holding is the best option. No way 10BTC will be lost (when Holding), allow yourself to “waste" time exploring. Although he learnt his lessons. Such mistakes should not be welcomed.

We have to keep in mind what we can do to improve not only our own lot but that of those around us. Share your Opinion.
 

Ulises

New member
Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.

Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.
 

Bellamy

New member
Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.
But isn't that too obvious to post tho? I mean every one has got their thing to lose, and that includes every thing they have got. It's pretty obvious tho that you can't put a risk on something you can't afford to lose, although sometimes there are instances but that's out of trading anymore.
Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.
I agree, I have done it once I almost tripled my money in just a day because of a single trade
Grin
but the risk is too high for that I'll never do it again I swear. Crypto is for every one but trading? Uh oh no it's not.
 

Brayan

New member
People come to the crypto market for a quick profit. But it does take them a while to realize that they are wrong. As long as they do not lose their funds, they do not understand. You need must have knowledge of trading before trading. And you have to need an idea of how much risk there is in the market. You should not trade under the influence of anyone.
 

Ledger

New member
During the downtrend of the cryptocurrency I went ahead to trade some altcoins on livecoin and I almost lost all my investment (trade) on the platform. XLM was my chosen altcoins but was stock with the market, my first trade went through and was able to make some decent gains, until my second trade. This time I wen for higher gains and lost half of my trade money and I went for another till my issue get complicated with fake volumes from the said cryptocurrency exchange. Lesson I learnt, 'trade what you can risk to loose as in gambling, so also, in trade.'
 

Eliseo

New member
Of course people should have to understand first how trading is risky especially if they don't have a single knowledge about it. It's just like walking in the dark without a single light. Anyone who wants to try trading should have a better understanding about the theory of what they are going to trade either stocks or cryptocurrency. It may not that easy but those who succeeded did their own research and learn their own lessons before they reach where they are right now.
 

Gordon

New member
The difference of a certain person who do have lots of btc and to those who do have only have few is that they do really differ in terms of views into things.Lots of btc will really make us some sort of being careless since we do know that we do have lots of money/btc but for those who only have few btc or just some sort of exact funds to invest on will really be more careful.This isnt always the case because
even on average investors do still commit mistakes on first time on engaging to thing specially if they do saw easy money or other traders big profits on trading and easily believed that they can make
out the same outcome if they do try to trade on their own but we do all know that this isnt the case.
 

Damian

New member
The example given is a LOL for me.

How come a person owning a BTC10 doesn't have the knowledge to manage properly their holdings and just rely on those influencers to trade. OP, do you mean that guy just dive into something just because of simple words of that influencer? The fact that guy owned that kind of amount, I don't believe that action will be done without proper and deep research. So I think that guy on the example lost his BTC10 on his own.

I know everybody wrecked on trading even how professional they are but a trader that already owned that kind of amount should already know how to play with the market and not relying on fake influencers.
 

Harrison

New member
Of course people should have to understand first how trading is risky especially if they don't have a single knowledge about it. It's just like walking in the dark without a single light. Anyone who wants to try trading should have a better understanding about the theory of what they are going to trade either stocks or cryptocurrency. It may not that easy but those who succeeded did their own research and learn their own lessons before they reach where they are right now.
Trading blindly without knowledge is like gambling, so why trade without knowledge while you can gamble with a same amount of risk? If you are in trading maximize the knowledge considering that the knowledge is your leverage there because, the more you know the more the risk is going to get low. Trade what you can risk only if you are just new to it, but afterwards you will enjoy it considering that the longer the experience you are having the more the knowledge you are acquiring.
 

Micah

New member
People come to the crypto market for a quick profit.
Only this thinking is enough to lose the capital. Mainly newbie in crypto belive that crypto means a quick profit or would become reach in overnight. This is totally wrong thinking of newbie. Actually all we thought like this when we were newbies. I thought also like this.
Smiley


When we will change our thinking about crypto as a gamble than we will succeed in the crypto investment and The popularity of crypto will increase more. Even all countries will think of crypto as positive
 

Brooks

New member
I am shocked to read about "He traded 10 btc and lost all."

How can he risk all of 10 btc? Did he is not learning anything about crypto trading? Geez, 10 btc is a lot of money for me, and if I were that guy, I wouldn't use all of the bitcoin. I will use 1-2 bitcoin only, and that will be enough for me. Even if I lose, with that 1-2 bitcoin, I am sure that I can make a profit and recover the lost.

But yes, we are responsible for our money, and we don't need to risk all of the money because of big profit. That is a fatal mistake that he made it, and that is a lesson for us to avoid the same thing.
 
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