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Vishal

Patience is key to success in trading

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first i will say it is very risky business. Invest only that part of money that you can afford to loose.

In crypto market any one who invest he/she think that with in short time my money will b 2x or 3x or even more. they forget it is market if it can give you 2x up it can also have ability to give you 3x down. when the see 2x down they got flustrated and quit. but they dont know its the time to put some more money in. And after some time market again go up and give profits to those who dont quit stay in with patience

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You're not completely wrong, but it's barely trading if you're simply holding, so patience plays much bigger role for a holder than a trader, as a trader needs to be looking for an out pretty much right after they've made their purchase.

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1 hour ago, Cahoot said:

You're not completely wrong, but it's barely trading if you're simply holding, so patience plays much bigger role for a holder than a trader, as a trader needs to be looking for an out pretty much right after they've made their purchase.

You're very right @Cahoot. But from your perspective, which one is more profitable between trading and investing? 

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12 hours ago, Vishal said:

first i will say it is very risky business. Invest only that part of money that you can afford to loose.

In crypto market any one who invest he/she think that with in short time my money will b 2x or 3x or even more. they forget it is market if it can give you 2x up it can also have ability to give you 3x down. when the see 2x down they got flustrated and quit. but they dont know its the time to put some more money in. And after some time market again go up and give profits to those who dont quit stay in with patience

I'm a holder so I totally agree. All my investments are long term.
I tried making some money buying and selling cryptos, but it's very thrilling and costed much energy so I decided to no longer trade but to hodl.

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23 hours ago, Frank said:

You're very right @Cahoot. But from your perspective, which one is more profitable between trading and investing? 

There is no right answer to this, because it obviously depends on your own performance, but for the grand majority simply buying and holding (i.e., passive investing) will be the way to go. Now I have nothing to back the numbers up, but often it's said that 80-90% of traders just lose their money, and given how all traditional stock markets, forex markets and also crypto markets are run by bots, making any worthwhile gains as a human is an uphill battle, to say the least. There will always be someone making loads of money by actively trading, but the grand majority won't.

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On 14.05.2018 at 8:28 PM, Vishal said:

first i will say it is very risky business. Invest only that part of money that you can afford to loose.

In crypto market any one who invest he/she think that with in short time my money will b 2x or 3x or even more. they forget it is market if it can give you 2x up it can also have ability to give you 3x down. when the see 2x down they got flustrated and quit. but they dont know its the time to put some more money in. And after some time market again go up and give profits to those who dont quit stay in with patience

only this does not always work, you only need to invest in reliable coins. But how to define them? that is the question. Sometimes coins fall 2-3 times, you buy them even more, but they sell tend to get cheaper

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On 5/21/2018 at 1:11 AM, Gates said:

only this does not always work, you only need to invest in reliable coins. But how to define them? that is the question. Sometimes coins fall 2-3 times, you buy them even more, but they sell tend to get cheaper

There are really no surefire ways to know any of this, and given how hype is what tends to matter in crypto, not viability, the only real way would be to try to look at the track record of the project, which might not even exist for new projects, and for older projects means that you've already missed being a first adopter. Talk about a Catch 22 ;)

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10 hours ago, Cahoot said:

There are really no surefire ways to know any of this, and given how hype is what tends to matter in crypto, not viability, the only real way would be to try to look at the track record of the project, which might not even exist for new projects, and for older projects means that you've already missed being a first adopter. Talk about a Catch 22 ;)

Yes at this stage, contributions to crypto is like roulette especially in new projects, which unfortunately or happiness is very much. I even saw on the Internet advertising coins supporting the development of banana business in southern America))

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8 hours ago, hj27 said:

If you do not what to do, stopping and letting things go would be the best action.

Actually just stay put, hold and put your money into other investment instruments while waiting for the cryptosphere to regain its stance. Seems that everything is taking a nosedive again, so while it's good for accumulation, probably lowering your investment and moving that to regular stocks for the time being could be a good idea. That's what I'm going to do, as it seems that there is nothing big coming in crypto, so trying to even out my total portfolio would fit this phase perfectly.

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13 hours ago, Cahoot said:

Actually just stay put, hold and put your money into other investment instruments while waiting for the cryptosphere to regain its stance. Seems that everything is taking a nosedive again, so while it's good for accumulation, probably lowering your investment and moving that to regular stocks for the time being could be a good idea. That's what I'm going to do, as it seems that there is nothing big coming in crypto, so trying to even out my total portfolio would fit this phase perfectly.

This is probably a good idea. Market is behaving strange. There are strong hands behind this, and it can go to unexpected places...

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11 hours ago, hj27 said:

This is probably a good idea. Market is behaving strange. There are strong hands behind this, and it can go to unexpected places...

Sure, long-term I'm not worried about the market in general, it's just that while I'm not even chasing purely green portfolio all the time, seems a bit counterintuitive to push in more money when everything keeps on going down. Might as well put that money into good use somewhere else, and jump back in once things start to even out again.

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