Post
Topic
Board Bitcoin Discussion
Re: What was your experience trading cryptocurrency?
by
Bitcoinislife09
on 02/07/2020, 18:38:58 UTC
Been trading for quite a while now and it took me time to get to where i am today coming from a noob in trading. Trading cryptocurrencies was one hell of an experience for me Grin.

The first cryptocurrency i traded back in late 2018 was bitcoin and i lost a whole lot of money trading it. I guess i didn't learn enough about the crypto market and the volatility involved before delving into it  Undecided.

Ever since then, i picked another instrument of choice. I went into the FOREX trading. I plan on coming back into trading cryptocurencies but for now i'm still learning about the crypto market.  Cheesy

It was a painful experience though  Grin

What was your experience ?
To begin with you should probably move this thread to the trading section of the forum since that section seems to be the right section for this topic.

My experience trading bitcoin has been in fact positive but that is because I have dedicated an enormous amount of time to try to learn how to trade, anyone that dedicated just a few days or weeks is bound to eventually fail, trading is a very deep subject and there is no one that can master it so quickly, not only that even if there are many ways to trade that could be profitable there are only a few that could be right for you, also it takes a lot of time to backtest your strategy so you make sure that it actually works, when you combine all of these factors it is really no wonder why so few people are successful, so my recommendation is that before you pick a new instrument to trade that you try to find the reasons of why failed and then you correct them.
I also tried trading bitcoin, last time I tried risking at poloniex. It is an online bitcoin trading website. In trading you cannot be sure of the future of your bitcoin. In trading you may win and you may lose. Many people say that it is out of lack. But then in bitcoin trading you may gain more if you also trade more. You may lose more if you trade more. You may win less if you trade less and you may lose less if you trade less. That is the idea of trading. You have to risk your money to gain. It is a bit hard in maintaing and watching the charts and trades. If you have the passion and enough knowledge in trading, you will surely enjoy trading. But if you do not have a passion I doubt you will earn more in here.