Lost all my money trading crypto

BTC HODL

1. Google "cryptocurrency discord"
2. if you find one on reddit, join it.
3. Post in the "Trading Help" section, something to indicate it's you.
4. I will PM you. Be prepared for a short lecture.

I will help you.

>Thinking looking at the graphs will help you in crypto. Cage.gif

It's all a psychology game you fuck, look for big names/phrases (e.g. money skeleton, CHINA, Mayweather) and jump on it.

And don't buy into pumps, the money is already gone when you buy in.

THANKS FOR THE FUCKING SHEKELS AHAHAHAHAHA
RETARDED GOY

> I spent MONTHS studying TA now. I know all of the patterns, indicators, everything. But I just keep losing money.

Have you tried not using voodoo to play the market?

Did you buy when the price was showing signs of going up, or you just tought "its low now, so i'll buy and will eventually go up"?

>I have a university degree, so I'm not insanely stupid.

On the contrary

Follow these steps user
>Diversify your portfolio between safe holds (BTC/ETH), mid-risk holds (NEO/OMG) and shill pnd coins
>TA is useful only for entry points
>If you continually see one coin being shilled on Veeky Forums for over 3 weeks there's probably some legs to it as a PnD

all you had to do was to basically buy some BTC and do nothing

Having a degree doesn't mean you aren't dumb as rocks. What was your degree in? If it's not stem related than you wasted money getting a degree and you are probably not intelligent enough for crypto.
Throw whatever is left in neo, eth, and BTC and wait for November when it splits.

Um, well, Monero.

$20 for weeks. Jumps.
Then, recently, $45 for weeks. Jumps.

Coins that have been in top 20 mcap for over two weeks are generally like this.

Lel made 10k in three days.

Git gud faggot.

Alright, this is bait but i'll bite.

At this point in the game theres only two things that will make you lose in crypto:
>investing in complete shitcoins
>selling low

As long as you dont buy something thats called a fucktoken it literally doesnt matter how much something crashes; HODL for a few months and you'll sell for profit.

>I'm losing my health, hair, can't sleep worrying about losing all my money.
This is the case for a lot of people. You shouldnt be in crypto. This shit is so soul sucking. Its been fucking with me hard. Im gonna try and make some Moon gains from here to mid Sept and then im just leaving that shit alone for the most part.

and get 1.25x your money during the BCC airdrop

And come prepared to learn some things you might dislike, but need to hear and will help you later.

worry not, I got your back, this pic is all you need for the next 6 months

Hey, I just sent a msg in the discord

idk fampai sounds like you're doing everything right to me
good man

can I join too? I would like to listen

Buy an asset to quantity of Q for a price P and then set a sell limit of
96% of Q
at a price of
1.05 · P
and don't touch it.
When the asset goes up by +5% and you sell, you get your investment back (as 0.96 · 1.05 = 1) and you acquire 4% of Q.

As long as the asset doesn't break down forever, this makes money.
The penalty for bad timing is just that the coin might take forever to reach the +5%, but you can't lose money.

What if you buy DGB for price P which would be 2k and it dumps to 300 and stays there for years?

why the fuck would you have bought dgb at 2k?

I am coming too. dis gon be gud

>my uncle gave me 500$ to trade for him.
Never take money from someone else to do high risk invesment

I said
>As long as the asset doesn't break down forever, this makes money.

a 100% safe investment is the meme coin atm.
started at $1200 2 months ago and i'm at $2700 now.really no lie

Stop buying shit coins holy shit

wheres this dischord?

Dude.... how did you finish school? Was it just handed to you? Like do you know what it's like to really study and learn something? Your saying things but the result shows you've learned nothing.

Should have just HODLed shorting is risky

Flip your monitor while trading then.

If you managed to lose 93% of your money in the biggest bull market in crypto history it's just not for you.
Go away before you inevitably lose that last $1k.

School measures how much information you are able to retain and/or work ethic, not intelligence.

Some of the dumbest fuckers I've ever met got straight A's in college because they autistically studied and buttered up profs.

THIS CRYPTO GAME IS DRIVING ME NUTS AND BROKE AAAAHAHAAAAAAAAAAAAAAAAAAAAHAHAHAAAAAAAAAAAAAAAAAAAAAAAHAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACANT TAKE IT ANYMORRRREE HAHAHAAAAAAAAAAAAAAAAAAAA

This is very true, school is design to teach retention and regurgitation

OP could have margin traded

Don't buy shit that's shit. Buy shit that's good, hodl that shit. You're fists will be full of money.

you are playing against people with an established trading plan.

some are on 1 min 5 min candles, pulling every technical trading stunt in the book.

There are cold money hungry people with thousands of trading hours behind them.

It's a very hard game to win.

How to determine whether something is good or shit? There are so many coins.

By no means am I a pro but I agree with these guys. The only way to do good if you are at god tier level is to do research and hodl good coins. Even then its risky.

But like the other user said, If you arent making money in this market, you are god awful. And TRUST ME the stock market is 10x harder with less gains.

This is about 70% reliable, timing and patience is key.

How the fuck is everyone on Veeky Forums making insane gains then? I just don't get it.

Stay with in the top 50 coins on coin market cap. Research those (white papers) (goals and vision) (likelyhood it will happen) and then look into ICOs for future top 50 coins.

Stop gambling and do research biz bro

When I first started I lost all my money. Now I'm up. If you want to win, you have to find something with lots of potential early, then hold for a month or two before selling. Rinse and repeat.

I do it for fun.

Bullish market.

They hold small cap coins, like penny stocks and just HODL for weeks until they blow up.

No real trading is involved.

stop day trading/doing technical analysis, buy promising low marketcap coins/tech, research.

you are getting eaten alive by bots/algorithims, whales, and better, more experienced traders and effectively gambling

CRYPTO

IS

GAMBLING

ANYONE WHO MAKES BANK IS LUCKY, THEY WILL ATTRIBUTE IT TO SKILL BUT IT'S NOT, IT'S LUCK

WHEN THEY FAIL THEY ATTRIBUTE IT TO WHAT THEY INVESTED IN

Only buy shit that has "mainstream" backing. Stox would have been good, Avalon maybe too.

Altcoins are unpredictable.

I didn't trade at all and didn't even think about Bitcoin and doubled my money. Maybe TA doesn't even work, or you should try the long-term investing.

what said.

Also, check out Gainers and Losers under the 'Trending Tab' on coinmarketcap, look at the volume and check out those that have more than 500k so you don't end up with shitty coins. Accumulate then sell. Do not be greedy.

Please just please realize you are too dumb to time the market (just like anyone else), the smartest thing you could do is to understand you are not smart. Invest half of your money in iconomi's index found and half in iconomi's token, dont look at anything for 6 months, go ti coinmarketcap and realize you did the right thing, send me hookers and coke or send me some Dash at XiM3KMjwdeSVkfkyWR9Wj6MRKPmADphqL7
Now fuck off, ho to work so you can male more money which you will bè investing in crypto

>Made the most money when I just bought random coins from Veeky Forums.
this is how we all do it bro. just become a living meme and buy the Veeky Forums coins

Not really. Sure alot of people just gamble essentially but just like every market, there is alot of skill involved. HOW CAN I PROVE IT??

1.There are People who consistently make more money than they lose.

2. If it were gambling then anyone could do but that fact is, if you opened an account with a lot of money to someone who hasnt traded ever THEY WILL BLOW IT ALL

>bull market
>lose 93% of your stack
How did you possibly fuck up this badly?

Does Monaco even have a website? Google shows nothing

>Invest half of your money in iconomi's index found and half in iconomi's token
Is the index fund ICNX and the token ICN?

Buy high sell low

I have the same problem. Everything I buy goes down. Everything I sell goes up. I have a curse. One could profit immensely just by doing the opposite of whatever I do. Sadly because of my curse I can't use that strategy.

I haven't lost much money in $ terms, but my opportunity cost for being in shitcoins instead of BTC has been huge. I'm done with shitcoin speculating. Just going to hold BTC and ETH from now on

You fool, you should have known what you were doing.

This one time I got so sick of bitcoin actively fucking me over that I bought 5k worth of ether just to prove the point that shit always crashes when I buy.
Ether crashed a few minutes later.

selection bias and this is a anonymous board, you would be a fool to take what these people say here as truthful and reliable.

you went from 3k to 1k, easy come easy go, learn your lesson and move on.

mona.co

>wasted months "studying" """technical"" """analysis""""

There's your problem. "TA" is a sciencey sounding meme marketed for fools. Memorising a bunch of rules about so called indicators which are nothing more than glorified filters and actual pseudo-science won't make you a good trader.

>inb4 some cool story about successful TA
Good intuition gauging sentiment and fundamentals, good risk management and/or good luck. Using TA was probably incidental as most so called TA is mathematically and physically bullshit or at least redundant.

I'm doing you a favour op. Most of the time when I see idiots talking about TA in here or discords I just smile and nod. The more mathematically illiterate traders believing in static astrology-tier strategies the better afaic.

Yup the index fund has been rebranded in blx now but it's the same thing

This. I have a solid paycheck to back my losses. I learned the hard when then studied to minimize losses and increase wins.

I think poker is a good analogy. yes there may be strategies to employ that will increase your likelihood of being successful, but the very root of the game is based on chance

>studied to minimize losses and increase wins.

mind me asking how to begin doing this? study what?

Not entirely correct, crypto is gambling with the odds in your favour because the market on the whole is increasing. Statistically pure random choices should net you a profit.

Secondly there's an important distinction to make, to a certain extent there is a probabilistic variable to *anything* you do in life.

You could buy gold or vanguard etfs and there is a statistically significant chance the entire market collapses, you could buy property and there's a statistically significant chance the world devolves into some post apocalyptic scenario where guns are more valuable and there are no laws to protect housing. You get my point.

So now that we've established that all things carry *some* form of incalculable, unpredictable risk the question is what defines "gambling" how most people see it, I would describe that as any scenario where your knowledge and understanding and skill can not improve your base chances where your expected profit is greater than zero.

Ie if you bet on a coin flip to double your money, that's gambling since you have a 50% chance of increasing your money 2x. However if someone offered you a coin flip with a reward of 10x, you should , mathematically, bet your life savings on it. I believe that a persons understanding of crypto, public perception, and a whole host of other countless skills and understanding can tip the scales ever so slightly in your favour, makes crypto not gambling. Furthermore in crypto the only person you have to outperform is the average person, and they are dumbfucks. Even the way whales manipulate the market proves it isn't gambling per se.

Fundamentals in researching my investments along with basic momentum, RSI over sold/over bought and market patterns. I always check the rumor mill, social media, etc. as the added media attention.

There is alot of chance involved in this game. I would rather bag hold a poor choice then sell at a loss. Just choose fewer bag coins these days.

A market is a tool for transferring money from the impatient (you) to the patient (people like me).

Have you considered that in a completely unregulated market that people may be using technical analysis to fool you into believing whatever you're seeing on the charts?

Technical analysis is a waste of time. You are now a statistic, just one of millions of average people who thought they could play "inside baseball". Stop. Immediately.

If you're determined to continue in crypto, buy into an ICO that seems promising. There are none on my radar right now.

And then hold. That's all you have to do.

If they offered you 10x for dice rolls you should martingale that shit beyond infinity.
If they offered you 10x for a single dice roll it's still a proposition only the risk inclined would take, even though it is statistically in your favor to do so -- you could lose it all.
Some of us are in the second "if" condition with crypto and the aforementioned curse; it's as if bots find accounts to single out and then trade against them viciously so as to squeeze the person into making a series of loss decisions.

and TA is like reading the other poker players for tells, it's the last thing you need to learn about the game, not the first

How do you trade then?

step 3: don't trade with money that you can't lose

Should one not bother with buying into BTC? Even to hold long-term, like 5 years?

Buying DGB at 2k would have been stupid too.

OP you said that you studied TA but I call bullshit because you're doing everything else wrong

>Getting emotional with trades because you need the money for rent

>Not fucking determining first whether the coin has been going up and is at like +50% already.

You want to know a surefire way to not lose money? Don't see a dip and be like "this looks good it just went down!"

ZOOM OUT THE FUCKING CHART. Does it look like it's been fluctuating for a while, and you're buying the bottom of the pattern? Good trade.

Did it dip after it went up again, but the previous time it went up it went up to a lower high? stop and consider if the coin is DROPPING as a whole instead of just fluctuating or rising.

This is how I know you aren't doing things right.

A non retard would have seen that DGB just pumped 2000% in the past month, and stayed far away. Stop. Chasing. Moon missions.

There are nice advices in this thread... i lost half of my money trading crypto and know how you feel

>A market is a tool for transferring money from the impatient (you) to the patient (people like me).
Ah, but there's a funny part to that.
Unlike many markets, most people just want from crypto is to profit from it. The only thing anyone ever 'uses' it for is buying drugs/etc, and they're a vast minority.
So there's almost no inherent creation of impatience for the sake of convenience.
The only impatience you'll find is from emotion of others looking to profit.
So patience in crypto is not something consistent enough for me to bet on. That's why I avoid short term crypto like the plague.

Long term, on the other hand, has promise. In technological superiority, security, deflation, etc.
It's a very good bet, assuming your coin choices aren't absolutely ridiculous or baseless.

Quit fomo trading dumbass. Learn self control. Use Moving averages and RSI and MACD and Stochastics. Some days your wont even find a good trade. Sometimes, a trade will take a few days to be profitable.

thanks for the money user

>>TA is useful only for entry points

I'm delving into TA right now and that seems to be the right statement.

I disagree with NEO and OMG though, I think both are hyped up shit coins, for mid-risk holds I'd be looking more towards Monero and maybe Augur/Factom/Golem/Sia, but to each their own.

user I don’t believe you about being smart and studying TA I literally just make sure I don’t buy ATH and I’m 30x up in the last 2 month there’s nothing else to it

best answer desu

how do you determine what to buy

*sigh*
user, you can NOT time the market. Day trading DOES NOT work.

Don't invest what you can't afford to loose. How many time have people told you this?

Just buy promising coins and HODL it's that fucking simple.

>B-bbut I I need i-it for rent
NO, FUCK NO. Only trade with what you can hold and be patient for or the whales WILL REK you
Since you like gambling so much (which is day trading) go play a dice he and hope you win.

Oooor the market is just unpredictable and you are full of shit.

Jeezes Christ the arrogance and retardation on Veeky Forums

(((YOU)))

>thinks NEO is a shit coin

Pls don't buy BNB :"(

dude wtf

just put it in eth man

OP, Ive never once used technical anaylsis and went from 11k to 70k since march. Throw that shit out, look up coins, buy rumors and sell news.