Post
Topic
Board Trading Discussion
Re: What is the Biggest problem you have with trading / exchanging?
by
bohr
on 06/08/2017, 21:53:07 UTC
I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?

Your feedback would be appreciated.

My biggest problem is only one, patience. I have been lost almost 40% from my money because can't control my emotion. When the price falling down, I should see graphic price chart not sell all my coins. But it's too late, after I sell it the price comes up again. This time I try to control my self-becomes patience people, hope will happen soon. Good luck.

That's my main problem too when I buy a good altcoin with cheap price, I can't wait for it to be more valuable. I instantly sell it out again and get back to bitcoin.
I think this is a mistake in your strategy, when I buy a major coins I know that I’m going to hold for months or years and I will get out when I think the price is way up and then wait for the price to come down it is a simple strategy but it works, but when I buy an altcoin that is relatively new, I’m ready to sell at any moment and grab whatever profits that I may get.