So in short, you have only traded in a bull market.. where pretty much anyone can make money.. but also lose if you have no exit strategy..
you are right in a lot of sense, especially with market makers and market manipulation, and without a doubt bitconnect lol..
its a rollercoaster for sure... but sometimes you need to look at how the market is, during bull or bear, you need to implement a proper risk management and exit strategy... before throwing you $$ in.. taking profit at the right time is perhaps the most difficult, and sticking to your original plan... if you make a few 100% on a coin, you cash it out piece by piece.. instead of hoping for the next etheruem boom.
to lose 110k means you pretty much traded so emotionally, buying high and selling at a loss... when in fact (as you may have seen in previous years), the cycles continue.. those who hold and are patient win... day traders will eventually lose. no brainer there.
sorry for your loss, i also lost heavily shorting some crypto in mid 2016.. and never made the same mistake again.
again, the markets will recover.. and in due time you will find a lot of panic sellers rebuying their stock.. if you invested money that you can afford to lose, you would have no emotional attachment to those funds, so just shut off your accounts, or put your coins on a ledger and leave things for a year...
all the best though!
you are right in a lot of sense, especially with market makers and market manipulation, and without a doubt bitconnect lol..
its a rollercoaster for sure... but sometimes you need to look at how the market is, during bull or bear, you need to implement a proper risk management and exit strategy... before throwing you $$ in.. taking profit at the right time is perhaps the most difficult, and sticking to your original plan... if you make a few 100% on a coin, you cash it out piece by piece.. instead of hoping for the next etheruem boom.
to lose 110k means you pretty much traded so emotionally, buying high and selling at a loss... when in fact (as you may have seen in previous years), the cycles continue.. those who hold and are patient win... day traders will eventually lose. no brainer there.
sorry for your loss, i also lost heavily shorting some crypto in mid 2016.. and never made the same mistake again.
again, the markets will recover.. and in due time you will find a lot of panic sellers rebuying their stock.. if you invested money that you can afford to lose, you would have no emotional attachment to those funds, so just shut off your accounts, or put your coins on a ledger and leave things for a year...
all the best though!