Quote from: letecia012 on January 29, 2018, 12:13:21 PM

Quote from: rremus91 on August 03, 2017, 10:40:29 PM

Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.

I though I can trade. Buy low, sell high. Sounds good, doesn't work.

Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1

So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.

So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.

Cheers!

If you are a newbie and want to do a day trade that would be a risky part on your self plus you are buying coins that been hype by your fellow traders you will caught on a high price and will be stuck there for long term. pump and dump is also not advisable for newbie they are only fooling you. Invest only in coins that you are familiar with and with good standing and project to lower your risk for losing your investment

It is not that much risky but yes for new users it is all risk they will have to be very careful if really they want to get benefit, bitcoin is growing now and people knows about bitcoin so if you are new it is advisable to trade but after getting sufficient knowledge about trading and about bitcoin so your bitcoin experience will go better. Trading should be starting form small amount instead of spending all money you have with useless trading websites.