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jewelettes

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

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In the cryptographic world you can always learn new things, either because you ignored them before or because something new appeared, among my mistakes I would mention that they are very typical, buying out of emotion and selling out of fear, since I did not know the I finish basic that it was a bull and a bear, trading futures without knowing how to close an order, things like that haha

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14 hours ago, Kenan12 said:

@Abideen

In fact, it is not a shame for a member to fail or lose in a trade, especially if this trade is the first, knowing that if we succeed in it, that is good, and if we fail, we must benefit from it as a realistic experience, with you in these ideas completely my friend

Thanks mate for giving me the courage on trading as shall look into it and start. But you know I definitely need to seek for expert advice and see how to go about it. You are mostly welcome, more greetings.

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Honey, the worst thing or the worst is the end In cryptocurrency trading and encryption is that I bought cryptocurrency two days after it was put on the market, and I was surprised that the next day's price had dropped a lot and I lost my money, it's very unfortunate. 

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My friend you say right members make mistakes and in this way they lose their money . I never do trading because I have no experience about crypto trading and I don't want to lose their money in trading without experience . And I suggest all of you my friends first get proper knowledge about trading and then start . Because trading is so risky. 

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For me to be sincere have not make any mistakes on crypto trading before but have seen many people sharing their experiences on the mistakes that they have made and I use that opportunity to be very careful whenever am trading 

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The advertising just for the reason that i've in no technique diligence crypto I've no bump into on the topic of business and selling. conversely must you aid to achieve any benign of miscalculation inside trade. 

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Well it was that one time that I tried to transfer Ripples to another wallet and that was the first time that I'm doing it. So there I was, filling up the things that I need to fill up in order to continue the transfer and there's this Destination tag field and I didn't now about it. What I did is that I didn't put my tag there and leave it blank.

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Looking back many of my mistakes were forced because of lack of time, patience and some external factors that didn't allow me to do as I wanted with my fiat cash. Mistakes happen and keep happening, we should be focused and if we make one it shouldn't bring us down but try harder to make it correct.

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I have make some mistakes which I have learned allot from it. Lack of plan, strategy and patient has cause me allot in the past but now I have learned an mend my ways in my trading and other transactions. 

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Sure, I have made some crypto trading mistakes, but they have helped me learn and gain more experience so that I don't commit them again.
The one I remember most was sending some satoshis to a wrong address that I had copied in the clipboard. The mistake was not checking and sending quickly without realizing that the address was not the one indicated. Anyway, it served me well and I haven't done it since.

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On 10/18/2019 at 8:40 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 do many mistake while trading. When i was going to trade then i put wrong price for this i face many loses but after some month later i was able to solve my mistake . For my mistake i lose $100.

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I have lost some money while trading.I was not that expert on that filed earlier. So I traded my coins on low price but tge market price was high.As a result I lost a huge profit.But I have learnt from that mistake. I keep myself aware now before trading.

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Committing a mistake is absolutely inevitable especially when it comes to online trading but it is very obvious that no one can really escape that.

At the moment, i don't think I've attempted any sort of mistake and I guess it is because I'm taking consciousness in the forum.

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i made many mistakes during trading of crypto market. My biggest mistake i invest three times and lending platform and lost three all the platform gone from the market.

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The mistakes I have made is trading and believing that prices will just be going up, many of us have made that mistake, when the crypto market looks so positive we forgot that changes can happen at any time

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When I was new in trading I just thought about high profits. I always wait for high price but I got loss every time. But now I have changed my plan and I just select stop loss order at 5 to10 percent of price. Although my profit percentage is low but overall I get good profits.

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My number and only mistake I do make any time in Trading is greediness. My main obstacle is been greedy for other profit that is why I decided to quit trading for a number of time to settle down for my part and I end up loosing

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So far, I am trying to learn to trade so he made a lot of mistakes, the price of the bitcoin was  40,000$ and many analysts said that the price will drop because bitcoin needs to make a correction, but I did not sell my coins and now the price of bitcoin has decreased to  32,000$.

I know that I was some greedy The thing is, I hope to be able to make up for this mistake


 

 

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This is only depends upon on your luck and experience about trading to get benefit from trading. Many peoples invest without proper knowledge of trading Then they loss their money . Trading is very easy if you know properly about trading.

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I started trading cryptocurrencies with my own money but I was a newcomer so I made many mistakes and decisions that forced me to lose a lot of money. One of them was when I sold Bitcoin at a low price! I didn’t realize at first then I realized I had lost money. 

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A new trader makes many mistakes in the field of trading, due to which he may face a loss hand. We should also be careful in the field of trading, do not share your personal security and personal information with anyone. And we must keep our wallets password strong. We should not transfer our balance by relying more on an address. Also we should not login our account in multiple devices. And we should not make a big investment in starting.

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On 10/18/2019 at 8:40 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 haven't started any trade because I am a beginner in the crypto world and as a beginner I don't have much knowledge and experience about the crypto trade so I am increasing my knowledge about the crypto currency and crypto trade. If I start the trade with a lack of knowledge, it'll be my big mistake. So I want to start the trade with the full of knowledge. 

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i made many mistakes during trading of crypto market. My biggest mistake i invest three times and lending platform and lost three all the platform gone from the market.

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The mistakes I have made is trading and believing that prices will just be going up, many of us have made that mistake, when the crypto market looks so positive we forgot that changes can happen at any time

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When I was new in trading I just thought about high profits. I always wait for high price but I got loss every time. But now I have changed my plan and I just select stop loss order at 5 to10 percent of price. Although my profit percentage is low but overall I get good profits.

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As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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