Post
Topic
Board Trading Discussion
Re: My first experience was Zero profit 1000% loss
by
newinbtc
on 13/06/2018, 17:33:22 UTC
I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

downward trend is normal case.
this is your mistake , you have to wait market to arrive back to normal. I am holding bitcoin + Ether 100$ not selling this crytpo reason , i know it will be back to normal and go high again in few months.

actually its the correct time to buy lots of bitcoin and altcoins. reason , market is down as compare to usd. when it go high = proft
also what do you mean by 1000% loss you lost money ? is that coin dead?
answer is no coin is ok but you have to wait till market stablize