Making profits in investments isn't always constant and cryptocurrency investment isn't left out in this. So I wouldn't say I haven't made losses but the truth is that I have made profits through it much more than I lose
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I have been very lucky in my cryptocurency trading in recent times ever since i have known the basic of trading.The first time started trading,i mistakenly sent my email as wallet to a sender,and i lost abut $17,and it was very painful,and since then i have been very careful.How much have you since lost investing in Crypto? I know some have found success, but in recent memory, things have kinda gotten worse for most cryptocurrencies. I haven't invested a lot thank goodness, but I have lost a little bit of money in the process. Have you?
The reason why a lot of people are losing in cryptocurrency is because they are just selling out their cryptocurrency when the price has come down this is not the best option and it is not advisable.if you are a spot trader you shouldn't be at loss.For someone who trades on cryptocurrency there is always the possibility of losing money on daily basis and if I should count the losses that have had it should be well over $2000.
The reason why a lot of people are losing in cryptocurrency is because they are just selling out their cryptocurrency when the price has come down this is not the best option and it is not advisable.if you are a spot trader you shouldn't be at loss.
That's not a wise idea to send funds to friend and expecting profit. I rather learn about the market and the price trends on my own with the help of forums and youtube videos and trade crypto on my own.I requested a friend to invest $150 on my behalf since I've not learnt the ropes of trading, he lost the money to crypto when the market value was down.
That depends on the coin you are investing. For example , if you invest in bitcoin now , it's still not a bad idea because bitcoin can go more high over $60000 though the current price of $48000 is also not cheap.Well I haven't really had the capital to invest in crypto but I some of my friends have lost a few bucks. It is not advisable to buy when the coin is on the high side
That is what I have been doing in the past, but now I do not involve myself in that sort of thing again, no matter how the price of cryptocurrency is going down I will always try as much as possible to keep it till it comes back to the price I bought.Exactly - selling your cryptocurrencies in dip is one of the silly things to do as an investor because you're automatically losing money immediately on each sale.
Hodling is hard though especially when you had the opportunity to take profits but didn't. That's the main reason why a lot of people sell in loss during corrections.I have lost quite a significant amount. This losses where due to poor choices...wrong tokens/memes and panick selling. I have learnt that often moving between coins and selling off yields loss. The key lies on ones ability to hold.