HomeЮморRelated VideosMore From: dan atStarLite

3 Mistakes I've Made Trading Cryptocurrencies

3308 ratings | 251971 views
This is not investment advice. I am not a professional trader. My blog on Steemit: https://steemit.com/@dan-atstarlite
Category: Юмор
Html code for embedding videos on your blog
Text Comments (541)
Jin Literatus (30 days ago)
When is the best time to invest? Do you have videos about new ICOs too? I'm interested specifically in SciDex.
TodayScripts (1 month ago)
*You don't need HYIP or any Ponzi scheme to Earn money online. You can earn over $3000 daily using secured online cassino hack scripts. Visit my channel for more* https://youtu.be/8HmUuoMQDm4
Crypto Thought (1 month ago)
ONTOLOGY!
Omise Go (1 month ago)
Omisego Ontology Wanchain Vechain
mahmoud aldlemy (2 months ago)
If You Are Interested In Airdrops We Have Daily Update About Every Free trusted Airdrop. Check The Channel We Don't Miss Any trusted Airdrop🔥 https://t.me/OrginalAirdropHD
Randy McMillan (2 months ago)
"Ease of use" of the wallet is an overlooked intrinsic value of a coin.
Randy McMillan (2 months ago)
Trade for quantity of coin.
CRYPTO COMPARE (3 months ago)
So yo now know your favorite coin is going to go up. WOW.. I like these channel!!! I wish I could say the same about my fav. coin but I can't. That's way my channel sucks. You got to believe people. !!
Roc (3 months ago)
Good point of view
John Latten (4 months ago)
a
Crypto Insider (4 months ago)
I have insider info on the next coin being added to coinbase. Email: [email protected] if you would like to know. Easy 35x potential.
Fosco Monaldo (4 months ago)
*Set a new goal in your life. Always remind yourself the reason why you started when you feel like quitting. Remember negative minds achieve nothing. It is possible for you to make $30,000 in a month in binary options trading by following the right guidelines and the right trader. If you are interested in getting your trading account well managed with a profitable system that is 100% accurate, Start your trading from here >> **https://t.co/p84BYGCqbZ** .*
Ovidio Sabbatini (4 months ago)
*When strategics in the binary world, some people say risk is inevitable, 'YES IT IS TRUE', but i guarantee you that risk is inevitable when it comes with unimagined profit. This Strategy will make you benefited, make a change and rule your world. Start your Trading from here and make your successful forex life >> **https://t.co/TEyqrWj20l** .*
Adalfredo Conti (4 months ago)
*My advice is not to enter the market without basic knowledge. Forex trading is a zero sum game. It’s complex, so you need math skills to understand the market trends and different algorithm. What a party wins, the other loses. So the competition is fierce here. But a good system well developed with high tech algorithm, So trade with the Top Secret Strateby and make your balance double from here **https://t.co/nxrVq1ATMa** .*
Tami H. Pearson (4 months ago)
*I thought i was an expert in binary options trading making $770.22 weekly,i was comfortable, until i was introduced to Mr Joseph A Kestner and with his ultimate strategy now i make $7500.50 a week. he as also helped me collect my two months due bonus. i do not know what to say i am just over whelmed with joy,( Check Out **https://t.co/pbFk7a6mEJ** ) if you want his strategy, i promise you wont be disappointed.*
Neetesh Biswas (4 months ago)
One of the best pieces of advice I got so far. Thanks a lot for this wisdom!!!
TheCbrown146 (4 months ago)
My mistake is not buying enough and buying too much. It's complicated.
Ralf van Veen (4 months ago)
I did this thing called a "Pump & Dump" with the Telegram group Pump & Dump KINGS. They started a new channel I heard..! https://t.me/PandDKINGS
nokia3210fuck (4 months ago)
Mathematically you make a lot more profit if you sell when the price falls instead of holiding the coin. Imagine you bought a coin at 100 it then goes down to 50 and later up to 150. If you hold it you make a 50 $ profit. Instead if you sell let's say at 75 you monetize a loss of 25 $, but if you buy it back at 50 and it goes to 150 you made a profit 75 $. Even if you miss the low pont and rebuy at 60 you still earn more than if you never sold the coin while the price was dropping.
Trofimov Vladimir (4 months ago)
https://www.binance.com/?ref=11169981
tenacious645 (5 months ago)
Thank you so much. Something finally clicked. I was thinking WAY too hard about it trying to balance fiat value with BTC. When dealing with alts ALL that matters is BTC value (or whatever your trade pair is) fiat value only matters when you're ready to cash out some profits.
Krystal Thatcher (5 months ago)
Awesome. Very good to know. Thank you for sharing!
Bri S (5 months ago)
Exactly mate! All the best!
bohdi sativa2 (5 months ago)
This shit isnt worth anything you hold on to long you might lose it. Its only worth what the scammers make it i mean creators make it.
reinard joseph (5 months ago)
so what are those 3? can you put in the video description? Thanks a lot for sharing
ballislife life (5 months ago)
the fact that everyone has to say this isn't financial advice shows us how much lawyers have screwed this country
Konrad (5 months ago)
So basically you're saying to "value invest" into the cryptocurrency world: find a coin you believe in and that has some inherent value, i.e. it actually has a practical benefit other than the prospect of it rising. In that respect it is exactly the same as investing in the share market.
Hefty Alan (5 months ago)
Are you dancing? There is a sway.
rywolf01 (5 months ago)
Get a tripod!
Sorry buddy, you do not choose whether you want to trade to grow $ , BTC or Alts and just 'pick one'; you will continue to make mistakes if you do anything other than aim to grow BTC value even if you only own Alts. Diversify across exchanges to mitigate risk, 2 exchanges will not die or get shut down in one day. Don't buy coins you believe in as that is like choosing a football team to support; chose coins with a strong development team, preferably non-centralized, mineable, with a low total supply and that has some compelling strength or feature like Binary BlockChain or advanced Privacy. Learn from people who know a lot, instead of people paid by Ripple etc. Learn to spot FUD and how to ignore your FOMO compulsions ......... or learn it all here for free https://www.facebook.com/groups/139208370017763/ Good luck and hope your misatkes are behind you. I been in Crypto since 2010 and yet I managed to lose $128k in a morning + part of an evening last year on a bad NEO bumsteer which gave me anxiety and led onto another costly bullchase for BTrash.......learned my lesson, again, but made the money back in mere days.......or like you said, just hodl and this relentless bull market will still make us look like we ain't idiots lol
3DMOVIES4YOU (5 months ago)
Great advise !
Russell K. Bonney (5 months ago)
Don't fear buy on the way up and fear sell on the way down or fear sell when there's not much volatility. Don't fear trade because you've got too much of one crypto on arbitrage trades. Yes we want more dollars. Don't fear exchanges. How often does a hack happen really? There's a bigger risk of someone taking a quick pic of your wallet key.
Thomas A. Roulette (5 months ago)
https://games.bitcoin.com/?r=3377265739
afrizak (5 months ago)
Not quite sure I understand what you're talking about, coz I'm so green about all of this, but I know it'll come in handy for the near future. Thank you!
afrizak (5 months ago)
Yes I get you, but I'm learning what's out there so that I can make informed decisions.
Albert Mckayla (5 months ago)
I try to make all the profit I can for now.
OMFGsorryWHAT (5 months ago)
I don't get the fear selling thing? If you are doing that, then you are 'betting' with cash that you can't afford to lose... Which is not the best move in the first place.
Albert Mckayla (5 months ago)
if you trade with cash you are willing to lose, You definitely lose all that money. Trading is taking the bull by the horn, because very body knows it is risky but it is also very profitable, DICES I GUESS
oJo (5 months ago)
Its so funny to see people stress going in crypto because they have nothing else good going on in life
Justion Bryan (5 months ago)
There helpful info for every binary options trader. I can ensure that every trader will get benefit from these. Just Search on Google; *"Quick Dollar Academy"* this system makes 1921 dollars/day
Michael Schraefel (5 months ago)
Nice advice man. Thanks for the reflections.
Sean2Z (5 months ago)
yah welcome to world of tradign dumbass. EIther u want to hold a share or u wanna make a trade off of the price change in the share. It is no more diff in crypto OR Forex. u ARE DUMB. U are relaly really dumb
reiwell del (5 months ago)
Very similar to my experience. Research is the antidote to FUD.
Jonathan henriques (5 months ago)
Invest in litecoin
Adam S (5 months ago)
man u sound like malcolm gladwell!
Chuck Pope (5 months ago)
You’re describing the difference between trading and investing.
Steithman (5 months ago)
I appreciate all the YouTubers who are sharing experiences about mistakes made in the crypto world. It’s one of the main sources I use to keep myself accountable regarding safety/security, being informed and being just plain wise in my decision-making, rather than impulsive.
anglojojo (5 months ago)
You gotta be paranoid when it comes to Cryptos
oussama z (5 months ago)
a pump is going to happen on binance on a given coin at 6 pm gmt today https://discord.gg/46fbKcY
bob Dole (5 months ago)
BUY LOW AND SELL HIGH! Problem solved.
bob Dole (5 months ago)
OK. Taking advice from some dude, that needs a shave, that may or may not be in Canada and is holding an mobile phone...really?
Mekka Moons (5 months ago)
Are there anyone or agency that could trade and store currency, that are trustworthy?
Raza Daza (5 months ago)
Decent advice
Tim Lawler (5 months ago)
Move the fucking camera back away from your face
Trevor Smith (5 months ago)
how I mine bitcoins with my android device at home https://www.youtube.com/watch?v=wV2DUcUEmgs&t=15s
eddyvideostar (5 months ago)
At 3:43 minutes: Your fear is substantiated and correct is that crypto is not a tangible currency and neither is it regulated. One is cognizant that computers crash, causing consternation and crypto confusion. I believe that one should trade some or most of this back to the U. S. dollar when he feels satisfied with his gain. The market may retrace and there will be another opportunity to re-enter. If one's timing and entry-level is sound, this should not mess with one's mind. And this is a good idea, for unforseen circumstances may befall us. One may be out of the market during this, which is good news.
ylmz e (5 months ago)
good video
Mahoney (5 months ago)
Be aware that every time you sell your crypto and then turn around and reinvest that money to buy more when the price drops, you are still responsible for paying the taxes on any gain you realized from the sale. Make sure you have money on hand come tax time or be prepared to sell some of your crypto.
sky 1187 (5 months ago)
That's true. I just want money... Hmm.
Rob Bryce (5 months ago)
These coins are all going to zero. Blockchain is not sustainable for commerce, way too much energy and too slow. Plus, getting in on these trades you get real shitty prices that are far from spot. Suckers game, if you got lucky get out before you start losing.
x x (5 months ago)
Great advice.
PetBourgeois (5 months ago)
really sound advice, though i think you have to experience these to have the fear and complacency opposite to human nature put into you. i've been told these things from traders for years, yet i will probably continue making them to some extent.
Reno Herdiansyah (5 months ago)
Like Gold, you don’t have to buy a whole Kilo. You don’t need to focus on a whole #Bitcoin, buy $5 bucks worth, and learn more about it. I invested $2000 on trading $BTC/USD with Mr Beyer and it's been coming out great. I studied about it and I am earning from it, because i have the idea how it works. don't wreck your life because you want to get rich quick. learn more about the investment you are into with an expert teacher in that field of investment. Try Beyer strategy for beginners.
4Lo-Ki (5 months ago)
Excellent advice.
Syed SHAH (5 months ago)
dude y r u swinging ?
Kevin Sorrell (5 months ago)
I sold 1 million verge in August LOL
DanVoges (5 months ago)
Good info but get those glasses out of here and stop moving.
Razvan Giurgiuca (5 months ago)
Why dont you say when you move the coin to place to place is a fee to pay
vasanthbabu M (5 months ago)
https://coinello.biz/?ref=vasanthbabu90. Please join under my referral I will give 100 commission on all your investements. contact me once register under mine.
Tristan Hurley (5 months ago)
Longest 6 minutes of my life.
Dominic Ng (5 months ago)
Good advice... I'm sticking to Cardano...~!
Michael Brown (5 months ago)
Thanks for the tips! But go long tripods ...or chairs
randy johnson (5 months ago)
Good advice...and nice shades
Gerald K (5 months ago)
Right on the money,great video!
Tube-Bit ManChild (5 months ago)
BitConnect
AshtrayAnnie (5 months ago)
LOL this is the most ridiculous thing I've watched. The logic for trading is the exact same. There's NO difference. You always want more shares (coins). But you also want the highest prices. It's funny listening to all crypto-investors jumping into the market thinking they found out something the rest of us didn't know.
AshtrayAnnie (5 months ago)
It also explains the extreme volatility of the crypto market. Most are inexperienced investors and think that this industry is somehow different than any other business of the last 100years. It's also making way too many dumbasses rich which then turns the market volatile because you have millionaires who have no trading experience (except for buying BTC/ETH/LTC back in the day) and now they're buying other smaller cryptos thinking they will exponentiate their million dollars again. This guy's talking about "fundamentals" and stuff...yet bitcoin has almost no fundamentals because it's track record shows that it's growth makes almost no sense. Considering you still can't use BTC at most stores. They should be happy they aren't a stock or they would've busted years ago. The shorts would've ran them dry. That's why shorts are a good thing also....they reveal the truth behind alot of scam-companies. Crypto doesn't have that so you're relying 100% on the news. Which also doesn't help because then when they decide a small up-and-coming crypto is a "scam" the news drives their price down with no real validation of that being the case. IOTA is a prime example of this....because the media keeps trying to drive the idea that they should fail...yet they are the most advanced crypto currency of all. Their prices should be right up there with ETH
John Simmons (5 months ago)
AshtrayAnnie Yes, it is quite amusing to hear so many trading novices have "deep" insights. All the talk of trading on margin for assets moving 30% up or down on any given day is painful to listen to given some inexperienced people will heed that advice.
Populous 8 (5 months ago)
Etherdelta just got hacked today and many investors lost coins.
DominateDepression (5 months ago)
Are you on a teeter totter? Just playing with ya. I really liked the vid, made a few so far myself.
GKMA A. (5 months ago)
What do you mean by "Make trades to make more of that coin"?
Han Cholo (5 months ago)
I don't know about that last point. Believing a coin will go up in value, and knowing a coin will go up in value are two different things.
John Milner (5 months ago)
dan, what do you think of ripple over the next few weeks ?
InTheFX (5 months ago)
fantastic advice
Patrick Booth (5 months ago)
Uhh why is everyone treating this trading space like a commodity market? You guys know you dont need a dollar anymore right? The crypto can be converted into any fiat currency around the globe.
Andrei Paun (5 months ago)
i love your video man. i prefer keep the coins instead trading them thats bcz if one of them is going really high and i cant buy it again i will regret..
Lavalambtron (5 months ago)
I don't understand why exchanges keep the crypto coin real addresses all to themselves, this is fact makes them the real owners of all the coins people buy there.
Kermit (5 months ago)
The most usable advice I’ve heard as a dumb new trader. I’d be up 250% in a month if I just left my first ever 2 buys alone and held. Instead I’m down 15%
Kermit (5 months ago)
Question for the long hold method? At some point it will become brutally obvious to even the newest crypto trader that Bitcoin is completely doomed as a usable currency and a few tens of billion of dollars is going to shift into the next few most stable high priced coins and they have to go up, no? LTC ETH BCH XRP etc.
Paul Serban (5 months ago)
A stongly recommend HashFLare. The miners are on limited stock right now, so hurry up. You can use this code: https://hashflare.io/r/E97F7003 for a discount.
FuCkin Compilation (5 months ago)
what are you waiting for im here to let you know that i achieve to buy a 2 cow (0.220) btc on BITCO FARM and earning a passive income at home. i know that investing is risky, and im one of those scared investor that why i reseach carefully and here i am , i can live base on how i want . soo join now and earn some btc .http://bitcofarm.com/home?r=vinceivan
Fag
Jason Livingston (5 months ago)
good non-advice. nice sway bro
DJAS (6 months ago)
bad move with the sunglasses..better get back to cruising! lol......c'mon....I'm joking...your in a park and are dressed like George Michael!
Cindy Paul (6 months ago)
Do you recommend a wallet that supports $ etn? Thx
Crypto Knight (6 months ago)
Great TIPS!
coschaos (6 months ago)
It’s all about balls.
Francisco D'anconia (6 months ago)
With all due respect I think it's important to make the distinction between trading and investing. first of all in this market or any Market, you should only use funds that you can absolutely afford to lose 100% of. If you are investing for the long-term there is absolutely no reason you should sell. While I'm sure some of the coins have underperformed or went to 0 or whatever, try and understand that you are in the middle of a euphoric bull market on an emerging technology. You do not need skill to make money in this market. This is a buy-and-hold market, or at least it was. We are entering into the phase where it is becoming far more public and that's when you know something is on its last leg up, at least for a while. For me personally I am not in it for trading it, but holding long-term through the volatility until the big market cap comes into it. I'm happy to say that I am super lucky to be holding Bitcoin for $430. Even though it's only one LOL. The fact that Bitcoin has made its way into the mainstream media now has me looking to possibly sell into any further run up above the 20,000 level, but price action may change my mind. And how best of luck to you
Rafael Roman (6 months ago)
Your right about buy what you believe in.
Davey Baby (6 months ago)
What the hell are you doing?  On a swing?
aqualane1 (6 months ago)
Good advice. Invest money you can leave for 5-10 years.
karl dinis (6 months ago)
When you day trade, do we need to store the cryptocurrency in a wallet. If you keeping money in a exchange and Daily you trade. When we sleep should we transfer our cryptocurrency from exchange to a wallet while we sleep.
Durgys Ramirez (6 months ago)
Great Video. Thank You. It really helped Me.
Charlie Chandra (6 months ago)
#2 is a good tip and is so true
The art of competition (6 months ago)
when you mention your first mistake it sounds like your being extremely results oriented. Just because it didnt work out doesnt mean it was a mistake

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.