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jewelettes

What are the crypto trading mistakes that you've made?

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Well, really in this industry all of us as newbies made many mistakes, in some cases I sent cryptocurrencies to an exchange that asked for a minimum amount to deposit, which resulted in a total loss, or the times I lost patience and changed my crypto ahead of time.

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On 10/18/2019 at 5:40 AM, jewelettes said:

All of us have been noobs to cryptotrading at some points in time. I still consider myself as a newbie, I'm still learning . But cryptocurrency is still a young industry and there are plenty of room to learn. Mistakes are part of the learning curves.

As noobs, I have made several trading errors and looking back, those made me laugh. Those include sending to an exchange with wallet on maintenance, sending to a coin to a different coin address, sending coins to a closing exchange, and just abandoning a coin that was delisted on one exchange. I didn't know about qt wallet before 😜

How about you? Do you have some cryptotrading mistakes to share?

I member that i have maid a mistake that every beginners which are new to trading have done, i sold my coins with a lost due to fear of losing my all moneys, so i sold all my moneys with a lost and i am laughing when i really remember it.

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One of the first mistakes I made is that I could have invested in the long term and what I did was to spend the money, it is something that I know that I will not go through again and it was necessary to go through it in order to learn, it is important to take into account all this when we go to the next level, in the moments of setbacks is that we have to be more careful with ourselves.

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I am also still a beginner in the field of trading in cryptocurrencies, I remember when I wanted to make the first withdrawal from one wallet to another, I did not know how to do it and I was very confused, also I was worried about the delayed arrival of the transfer, but in the end it was done and I knew The process takes some time and I become more aware of it

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In the beginning, I was afraid and did not have enough experience to do my work with this encryption, and it is not possible to succeed with this encryption if you do not have the expertise and experiences, so it is very important.

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There is no reason for a beginner trader to use real money, and there are endless programs and platforms that offer demo trading accounts. Anyone interested in becoming a professional trader should first develop a system based on a simple set of guidelines for their inputs and outputs and risk management. Do not start trading with actual money. But trade with a demo account first, until you are ready, then trade with your money. The successful trader maintains the balance of his portfolio. For example, only 10% of your wealth can be invested in digital currencies. And you can divide your cryptocurrency wallet, into 70% of the portfolio long-term contracts.

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The crypto trading mistake that I've made is none because I'm a new member of crypto recently I joined in. So far I think that there's no mistake that I made and hopefully if I'll make a mistake hoping to learn with it and will do it again.

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Entering the crypto trading arena without proper knowledge is the greatest mistake I have made. Here is what happened, I bought a low volume coin without knowing what volume is and it's relation to the market of a coin and I ended up not been able to sell for a while until it dropped and died.

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As you said all of us had made mistakes regarding Crypto trading.  I also made mistakes.  Firstly I don't have idea of cryptocurrency.  Then I researched about. I started trading.  The first ever mistake which I made was, I want to withdraw my BTC in form LTC to my wallet from a site but I mistakenly traded thee BTC into USD then again traded USD into LTC. This caused a loss as some what was cut off in the fees. That was my mistake and I realized it later at that time. 

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I'm not into trading yet,because I know it's sometimes complicated and requires enough knowledge and experience before one can cope in it,I want to learn and know more about the crypto tracings first before I start it,so as to prevent all these sort of silly mistakes

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I made many mistakes in trading i invested my money in some new coins without analyze and without any research coins is dead I loss my money.

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The biggest mistake I have made, has been not working hard on a page that paid cryptocurrencies, that happened years ago but the page is already closed and I can not do anything, in this forum I have read about the errors of other members, one of They sold their bticoin at a super low price and today he is sorry he did that.

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Most of us are beginners agree with you and we make a lot of mistakes, but these mistakes help us learn and develop ourselves, several days ago I sent a little Yfii to a trust wallet and was using the ERC-20 address without knowing that the withdrawal fee would be very high and now I need 50$ to make a withdrawal 30$ from yfii

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It is good to share your mistakes with us to learn from them, for me, my big mistake is my delay in joining the field of cryptocurrencies, and I first joined some of the faucets sites before arriving here, and this is one of my biggest mistakes that I learned from.

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I did not make many mistakes during my trading, but thanks to that, I read about many topics that contain mistakes of members in this forum and I learned from them and I was able to avoid falling into them.

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Since I was afraid of losing my trade, I made a big crypto trading error by purchasing coins at a high price and selling them at a low price.

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A very important topic and it is good for us to benefit from the experiences and mistakes of some of us. I did not join the world of cryptocurrencies except for a short period of time, and I certainly had mistakes, but I tried to take advantage of them so that I did not fall into them again.

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i am new so i do not know about the trade. i see that is the best for the earning form the free and it is the life time, it is a business and they invest the all money and get the huge profit. so it is the best. sometime it is give the lost to the people to mistake the signal.

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You may encounter many errors that lead to your loss, such as sending to the wrong wallet address, and you may buy bad currencies that do not benefit you at all, or buy currencies at low prices.

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I made a lot of mistakes in my start with cryptocurrencies, I bought a lot of scam cryptocurrencies, and I also sold bitcoin before it went up and regretted it and also forgot my wallet password.

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Me being greedy in trading, I didn't sell my tokens when I gained profit because I thought the price will increase more, but suddenly the price dump and I lost my profit.. but lesson learned to not to be greedy.. be satisfied what you have earn...

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As a beginner, of course, I have experienced errors such as buying coins incorrectly for transactions, the coins I bought cannot be traded because they are coins with zero trading volume. I think it's all part of the lesson so we don't repeat the same mistakes. There are many lessons I learned as a beginner and I have never regretted them.

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On 10/18/2019 at 5:40 AM, jewelettes said:

All of us have been noobs to cryptotrading at some points in time. I still consider myself as a newbie, I'm still learning . But cryptocurrency is still a young industry and there are plenty of room to learn. Mistakes are part of the learning curves.

As noobs, I have made several trading errors and looking back, those made me laugh. Those include sending to an exchange with wallet on maintenance, sending to a coin to a different coin address, sending coins to a closing exchange, and just abandoning a coin that was delisted on one exchange. I didn't know about qt wallet before 😜

How about you? Do you have some cryptotrading mistakes to share?

I think that I have a lot of mistakes, first entering the high market and not holding the profits, and also entering the currency several times despite its decline

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As for me, I am new to trading, I have not made any mistakes yet, but I work carefully and gather enough information and follow experts to avoid making any mistake and losing my money.

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I am yet to begin trading but i think the major crypto trading mistake is made in trading cryptocurrency while buying a coins at high price and selling in low price because of fear of losing funds, before engaging in trading seek good knowledge and experience first.

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    • Итак. Вы решили подключить на свой сайт платежку и столкнулись с вопросом: какие бывают платежные шлюзы?   Все платежные решения можно разделить на 4 категории. Первые 2 категории достаточно трудны в реализации и их использование может вызвать лишь дополнительные проблемы, но проигнорировать их мы не можем:   Собственная платежная система   Это, пожалуй, самое трудно в реализации решение. Без своей команды разработчиков, которые создадут и будут поддерживать платежную систему, не обойтись. При этом придется разобраться в огромном количестве тонкостей этой сферы. На выходе, попытка сэкономить на комиссии готовых решений обернется еще большими расходами и потерей времени. Подойдет, пожалуй, только для очень крупных компаний со своим штатом разработчиков.       Платежный шлюз от местного банка   Крупные компании, работающие в одном регионе могут смело подключать шлюзы от банков. Если же компания работает в нескольких регионах, такое решение будет не лучшим, так как для каждого региона придется подключать отдельный банк, а это накладно и с точки зрения разработки и с точки зрения времени, потраченного на сбор документов и открытие компаний в каждой стране присутствия.     А вот оставшиеся два варианта – это то, чем пользуются компании из разных стран и работающие в разных направлениях: от сервисов по приему СМС и продаже цифровых товаров, до крупных Gambling и Betting-компаний, которым нужно быстро и четко обрабатывать платежи из разных стран.     Внешний шлюз   Отличное решение для компаний, которые работают в нескольких регионах, либо по какой-то другой причине не могут, или не хотят подключать шлюз от банков. Именно это решение в последние годы использует большинство представителей мелкого, среднего и даже крупного бизнеса. Оно наиболее простое и подключить такое решение можно в считанные дни.       Встроенный по API шлюз   Второе по популярности решение. Оно смотрится максимально органично для покупателя, ведь все действия будут происходить в рамках одного сайта, без лишних редиректов. Но в данном решении продавцу придется самостоятельно разработать страницу для приема платежей, подключить обработку платежей через API платежного сервиса, а также позаботиться о сохранности платежных данных, если они будут собираться в рамках выбранного платежного метода.     Кстати, оба варианта доступны в процессинговом сервисе MoneyGate. Подробнее на сайте: Moneygate.biz
    • CryptoNews of the Week     – The Republican candidate for the upcoming US elections, Donald Trump, has declared his intention to become the "cryptocurrency president." Speaking in San Francisco, he presented himself as a defender of digital assets and criticized Democrats' attempts to regulate the industry. According to Reuters, Trump raised $12 million for his campaign at an event for venture capitalists from Silicon Valley, organized by Chamath Palihapitiya and David Sacks at Sacks' mansion in the Pacific Heights area. Media reports indicate that executives from the crypto exchange Coinbase, the founders of the Gemini trading platform, Cameron and Tyler Winklevoss, and other industry representatives were present at the event. Intercom CEO Eoghan McCabe shared on X about his participation: "I spoke with six people there. None identified as Republicans. All had voted for or donated to Democrats in the past. Now they support this guy [Trump] for his policies on war, immigration, cryptocurrency, and more. These elections are a referendum on these issues."   – The attitude towards cryptocurrencies will be a key difference between the candidates for the US presidency, Donald Trump and Joe Biden, though neither understands the topic. Billionaire Mark Cuban stated this: "Do you really think [Trump] understands anything about cryptography beyond making money from selling NFTs? Neither candidate understands. But I've often said that Biden will have to choose between [SEC Chairman] Gary Gensler and crypto voters, or it could cost him the White House."  Discussing the upcoming elections on X, ASI crypto-lawyer Preston Byrne noted that Trump's crypto policy is "actually very substantial and well thought out, while Biden's approach is insane and punitive."   – The "Intelligence Authorization Act for Fiscal Year 2025" was submitted to the US Senate on 3 June 2024. On 5 June, Senator Mark Warner's strategic amendment to this bill was published on the social network X, granting the US president new broad powers. This allows the president to "prohibit any transactions between any person under US jurisdiction and foreign intermediaries in digital asset transactions."  Financial lawyer Scott Johnsson criticized the law due to its wide scope. He sees it as an attempt to control digital assets under the guise of fighting terrorism, as the amendments added by Warner are borrowed from the Anti-Terrorism Financing Act.   – Late in the evening (CET) on 12 June, the FOMC (Federal Open Market Committee) of the US Federal Reserve will decide on the dollar interest rate. Historically, such decisions have always significantly impacted bitcoin's price. In this regard, ChatGPT-4o AI was tasked with forecasting BTC's price based on technical analysis and financial analysts' assumptions.  According to the AI, bitcoin will trade in the $68,000-73,000 range. However, a rate cut or hints of an upcoming reduction could push BTC beyond this range. In this unlikely economic scenario, ChatGPT-4o predicts the leading cryptocurrency will trade between $73,000 and $75,000 or higher.   – Over the past few days, the crypto market leader has lost nearly 10% in value. Many experts believe this is due to investors' concerns that US inflation will remain high for a long time. Under such conditions, a quick easing of the Federal Reserve's monetary policy is unlikely. Enthusiasm was also dampened by the fact that spot bitcoin ETFs broke a 19-day streak of investment inflows. On 11 June alone, industry funds lost nearly $65 million. MN Capital founder and analyst Michaël van de Poppe noted that investors are acting more cautiously ahead of the FOMC meeting on 12 June. He does not rule out that seller pressure will persist in the near term. Under such conditions, bitcoin could correct to $65,000. However, van de Poppe does not expect a deep price drop, as significant liquidity is concentrated around the $60,000 mark, indicating strong support, and positive dynamics could be supported by geopolitical instability.   – Traders note that "digital gold" has recently been trading within a narrow range of $66,000 to $72,000. One popular market participant considers the lower boundary an ideal entry point, while entry at the upper boundary carries high risk.  Despite recommended caution, over 70% of the crypto community participants in several surveys believe BTC is on the verge of continued growth. For example, a trader nicknamed Captain Faibik is confident that bitcoin is preparing to break out of the "expanding wedge" technical analysis pattern. Breaking above its upper boundary, in his opinion, will open the way for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer.  Community participants also point to the activity of large investors as a sign of BTC's growth potential. Whales, according to crypto industry representatives, are actively taking long positions in bitcoin. Cryptoquant CEO Ki Young Ju noted that the $69,000 level has become particularly attractive for large investors.   – By the end of 2024, the first cryptocurrency will be worth between $125,000 and $135,000, according to BitGo CEO Mike Belshe. He believes that one of the catalysts for bitcoin's growth will be the high level of US national debt. "Our macroeconomic climate continues to confirm the necessity of bitcoin. Without a doubt, the US national debt is out of control. […] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.  He also noted that the US dollar is losing its position as the world's reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a tool for manipulation. "Thus, the US national debt crisis is one thing, foreign policy and sanctions control is another. And BRICS is providing alternative payment systems. […] This is the story of why bitcoin exists," he concluded.   – The new Binance CEO Richard Teng, who succeeded Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the launch of spot BTC-ETFs traded on stock exchanges. This has strengthened trust in the asset, and retail traders and institutions no longer perceive it as risky. The Binance CEO also suggests that cryptocurrency legalization is possible if Donald Trump is elected president of the United States. Declaring himself a "crypto president," Trump stated in May that the US should lead the global crypto industry.   – The self-proclaimed first resident of Bitcoin City, American Corbin Keegan, left El Salvador without seeing his dream city begin to take shape. In November 2021, El Salvador's President Nayib Bukele announced plans to establish a crypto settlement. Upon hearing this news, Keegan left Chicago and headed to the South American country to become Bitcoin City's first resident. However, his patience eventually ran out, and he returned home.  The project's implementation was likely frozen due to a lack of funding. Bukele wanted to raise the necessary funds through the sale of "Volcano Bonds." These securities were planned for release in Q1 this year, but for various reasons, they did not see the light of day. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Cardano Node 9.0 будет запущен в июне и подготовит платформу к форку Chang   Cardano Node 9.0 будет запущен в июне. Это обновление подготовит платформу блокчейна к долгожданному форку Chang. Основатель Cardano Чарльз Хоскинсон сообщил об этом событии на X. Хоскинсон отметил, что хардфорк может произойти после того, как 70% операторов стейкингового пула (SPO) установят новый узел. Это приведет Cardano в эпоху Вольтера, ознаменовав состояние полной децентрализации — огромную веху для сети и всей индустрии блокчейнов. Хоскинсон назвал это самым значимым событием в истории Cardano.   Хоскинсон описал путь развития за последнее десятилетие, заявив, что создание Cardano было похоже на строительство нации. Он выразил гордость за сообщество и оптимизм на будущее. Хоскинсон считает, что Cardano дает надежду отрасли и всему миру, и призвал всех оказать значительное влияние в следующем десятилетии. Три дня назад основатель прокомментировал несоответствие между восприятием СМИ и реальным прогрессом Cardano. Он раскритиковал криптовалютные СМИ за непризнание достижений Cardano.
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