Alt trading ruined me mentally

[BTC Future 3946]

On 5/20/2020 at 6:02 PM, Mohamad ibrahem said:

I don’t know what happened to you. You may have lost a large amount of money, but I want to tell you something. Working in cryptocurrency trading is not easy at all. You will need a great time to learn to trade and gain experience.

Sadly trading is not profitable either. Some youtubers open trades all day and if you even count their losses they don't make that much. And these are professional traders. Imagine us that don't have a clue. Trading is for a few people and the rest are just gambling. I don't like gambling or losing money, so day trading is not for me. I do trade though when I see an opportunity. Bitcoin offers such opportunities 2-3 times a year.

[Moaz 7239]

I am sorry, my friend, for what happened to you, but what are the reasons that prompted you to say such words in your post that trading has destroyed you financially and mentally, have you lost a deal in a large amount of money? In any case, I advise you not to despair and continue to work and not to repeat your previous mistakes

[Sruthi246 59]

You may be trading every day or weekly but it is very difficult to find the right person for trading now. So if you can trade according to the rules in the right way, you will be profitable.

[Strygwyr 317]

You were ruined by trading because you are not prepared on every aspect. You should always have plans to execute incase the trade isn't going on what you want. 

You have to set everything up before proceeding to trade. 

Make yourself more neutral so you can make the best decision that you can create. 

Also you have to learn cutting loss and profit. 🙂

 

[iloveyobit 6599]

On 1/26/2020 at 9:58 AM, Sid said:

Indeed altcoin trading is very risky, especially if we are tempted by an altcoin that turns out to be shitcoin, we will lose big

Very dangerous when you rely on luck and randomness in trading Yes because the crypto market has very high liquidity, only the patient trader will succeed.

[Honny143 13612]

I think you loss some money in altcoin trading that's why you say this words, but in trading everyday no one earn money some times loss also face, so don't worry start newly and select only good volume and liquidity coins like bitcoin ETH are dash, altcoins investment are trading little bit risky.

[TheRaed 1247]

Do not let despair enable you all. We had bad experiences, but we continue until we succeed in reaching our goal. Just try again.

[Irungu 4299]

I almost fell into the same, you will have to pray , keep on praying as hard and its one thing to understand this market, but its also another to make money from it, and am sorry for your losses but also I fell in the same mistakes so am really sorry for you am sorry 

[MuhammadSh 3067]

Never give up! trading isn't easy as it sounds for the beginners and even for the experts! the volatility in the prices is really the nature of all these cryptocurrencies.. there are many people lost their money because their ignorance about how this crypto world works! I advice each new person in this crypto trading world to have enough knowledge and experiences with a little amount of money before entering seriously in this field.

[Tunuu 2235]

You need to be very active to watch prices on your trades so that you can not earn loss. Altcoins are very profitable for me because i buy and hold them when they fall, later i sell them when they grow.

[Abdul41x 0]

If you want to trade with altcoin make sure you choose the right coin and trade to also a good coin the reason why most people loss is that they trade with a dumb coin or coin that has no value at the end they loss and get upset sometimes they quit.

[Onden 2098]

It could be that you bought the wrong altcoins so you have a loss, don't buy the wrong altcoins because when you buy the wrong coins your trading will also fall apart. Choose a coin that will really make you profitable like bitcoin or ETH.

[Shaheer16 908]

Trading is a done with proper knowledge, learning and patience. 

You should learn first, get knowledge about market and prices and then you should start trading. 

And when you start trading, invested your amount you should show some patience. 

[Omar Ommeish 4872]

I do not know what happened with you. Perhaps I lost a lot of money in trading, but I advise that you do not give up because every business contains profit and loss, and we must develop ourselves in learning in order to achieve more profits.

[Zeshan Khalid 2577]

Maybe you were dependent on it completely. Crypto currency is not a full time financial assistance forum. It is a forum in which you can temporarily earn maximum in a short time period

[Cryptic 0]

Better to stop from the things that makes you depressed, your health is important than anything in this world. Better to take a rest for a bit from trading because it is riskier than other platforms to make a profit. We need to anticipate the loss especially when we are going to try trading, better to become knowledgeable first, do some research to gain some skills and technique so that we could prevent the losses.

[duncun007 3577]

On 8/8/2020 at 4:57 PM, Irungu said:

I almost fell into the same, you will have to pray , keep on praying as hard and its one thing to understand this market, but its also another to make money from it, and am sorry for your losses but also I fell in the same mistakes so am really sorry for you am sorry 

many people fell for the depression that comes from losing trades constantly, thats why whenever the market is on its uptrend i start taking profits and make sure to not buy again higher no matter how high it goes, always be patient with your trades or else you will lose your money and your mind.

[SuperCrypto 7193]

On 10/6/2019 at 10:37 PM, cancerian said:

im so anxious
alts trading ruined me financially and mentally aswell
i don't even care about crypto anymore and i once told myself that i would  never say those words but i just did it folks  😁

The world of cryptocurrencies is full of risks, if you do not have sufficient information and good management of your capital. But if you learn well how to technical analysis of cryptocurrencies and trade successfully, you will easily bypass the risks and start profit from it.

[Danii2312 34]

If you want to analyze, trade successfully, just do it with Bitcoin, it is the only one that can do all kinds of analysis, some currencies such as Monero, ETH, may be good, but Bitcoin is much better, although the Altcoins is good to trade in Short

[Fixfin 2569]

You traded the wrong time this is the problem. You have to start trading altcoins when Bitcoin starts moving up and not when the market is dropping. Then altcoins are a disaster and can make you lose 90% of your money. But when market is up you can make many times your investment.

[Danii2312 34]

Its like a lottery nowadays in order to find that lucky one alt who is gonna perform well daily or weekly. Better move and trade bitcoin on coinbase or bistamp that will bring you some profits even if they are small

[percare 3192]

I don't know why you are making so many mistakes. I am sorry this happened to someone but you have to nkow better and learn to trade with lower funds because you are not losing a lot with coins that are very dangerous and high risk investments. You have a lot to learn and you can get help from cryptotalk about your altcoin trades.

[Rbs 6]

It is the only one that can do all kinds of analysis, some currencies such as Monero, ETH, may be good, but Bitcoin is much better, although the Altcoins is good to trade in Short .

[Sykkuno 2887]

This is bad if you feel so stressed and mentaly unstable then you should take a step back and stop all trading for a while. You can't trade because you lose now and you are in a bad state. You have to be calm and if you find trading makes you lose a lot of money you should quit.

[Rbs 6]

I won't bother myself with that. I'm here to help to forum grow and maintain a normal quality posts and share my info about cryptocurrencies . But anyway good luck for those who are chasing it.