Have you lost money on crypto trading?

[Nomad]

I have never lost any money in crypto trading. Well, I have not earned any profits on some of my trades, however, I have not lost even a single penny. What about you? Have you lost money in trading?

 

[Alex]

All investors have lost money on Crypto trading, but an experienced investor wouldn't look at the graph for a 24 hour, 1 day, 1 week, 1 month or even a 1-year period. They would zoom out and look at the 5+ year history. Usually, there are various dips and bear markets, but this generally points towards the coin/token reaching an ATH. Until you sell your position, traders haven't made a loss.

 

[Naiwen]

I have never invested on crypto currencies, hence why I haven't lost any because I'm on disability, I can't have anymore income than that one personally speaking here at least anyways.

 

[oldbuddy]

I don't lose on Crypto, because if it has a dip I don't sell, I just go earn some more free to regain my position until it does go up.

 

[Nomad]

Normally I am trading cryptos on 50x or 100x leverage (this means if it goes 1-2% down , you bankrupt). I started with $25 and ended with zero. You can understand how much money I have lost in just 5min.

I can understand. You are not trading, you are gambling, my friend.

 

[Nomad]

I think there is a difference between trading and gambling.

 

[oldbuddy]

All investors have lost money on Crypto trading, but an experienced investor wouldn't look at the graph for a 24 hour, 1 day, 1 week, 1 month or even a 1-year period. They would zoom out and look at the 5+ year history. Usually, there are various dips and bear markets, but this generally points towards the coin/token reaching an ATH. Until you sell your position, traders haven't made a loss.

In 5 years I could be dead, so what good would being an experienced investor do me then? I would rather pick something (like faucets) that a brain-dead monkey could do, so I can write up a PDF and pass it on to my wife or one of my grandkids.

 

[Vivi]

I have, but it didn't hurt so much since I made some money when the price of Bitcoin rose again.

 

[Chrisfavz]

No never lost money on crypto

It is almost impossible to say that you have never lost money. When you look at different times in the past, you will understand why.

 

[oldbuddy]

It is almost impossible to say that you have never lost money. When you look at different times in the past, you will understand why.

It's really quite simple to not lose money on Crypto, earn it free and don't sell unless you make money.

 

[Henrywrites]

It's really quite simple to not lose money on Crypto, earn it free and don't sell unless you make money.

If you are saving on BUSD or USDT, then you won't be able to lose money too.

 

[Dan The Man]

I have not lost money. I actually made quite a bit of profit on some Dogecoin trades back in the day. I no longer trade crypto though, too volatile for my appetite.

 

[Heatman]

Of course yes, I have lost money in cryptocurrency trading. I only trade on Futures and no matter how good you think that you are, you will always lose one or two trades. It's why using Stop loss when trading is very important.

 

[Henrywrites]

I have not lost money. I actually made quite a bit of profit on some Dogecoin trades back in the day. I no longer trade crypto though, too volatile for my appetite.

Crypto coins are too volatile that if an investor is not always available to do a trade, it may end up not working the way one would expect it. This is something that I don't really like about it.

 

[Heatman]

Crypto coins are too volatile that if an investor is not always available to do a trade, it may end up not working the way one would expect it. This is something that I don't really like about it.

You don't just initiate trades and hoping that the volatility of the market goes your way. It doesn't work that way. You have to study the market and price movement for the day and trade in its direction.