Always keep fiat while holding - page 7.

justspare

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Quote from: Crypto Girl on August 29, 2018, 04:09:50 AM

Quote from: Cryptosuperb on August 26, 2018, 02:47:50 PM

I holded some fiat and tether, and I saw bottom few times and I buy, and price goes lower, and I buy again and it goes down again, with btc crash wasn't hard, but altcoins were bloodbath! I remember how I was smart buying BTX at 11$, I thought it cant go lower Cheesy

I wonder how much you've loss now in btx with its current price of $1.24, so basically you loss over ×10. And yeah it dump harder from what you've think.

OP is just waking us for holding too much altcoin because in reality it's unwise to hold it because its losing their value along the way. Maybe for some they need more eye opener to realize what they're holding in their bag. Though cut lose is sometimes unacceptable but if you see that it's hopelss then maybe it's time.

There is a limit of loss someone would have reached before they will ever be able to cut loss.
Normally, those who always end up entering a market position without any stop loss, are those who never had any strategy in the first place, and thought they are buying at a very low price that could not go lower, rather than allowing the market to develop perfectly well, view the price action and make decision on that with a stop loss still intact as that still cannot just give a guarantee that the market will dance to your tune 100%. However, only those with trading knowledge can do all these.

groko271

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Quote from: teramit on August 26, 2018, 08:08:28 AM

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

This is excellent advice and exactly how I trade. It is smart to move your investments out of the exchanges how ever I always keep a little FIAT available for quick opportunity that disappears as fast as it arrives.
My local exchange btcmarkets.net (in Au) is trustworthy to hold up to 20k in fiat for months at a time.... while withdraws are same day.

hubballi

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Quote from: teramit on August 26, 2018, 08:08:28 AM

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

It is so true that even if the new ICO coin is having very promising projects you should book profit on any time as you can see when market go for correction then all coins will come down even who are having good project. So it is always wise decision to sell in profit and hold it in bitcoin or fiat currency so that you should be in position to buy back the good coins in low and do trading this way.

dunfida

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Quote from: Dreamace7 on August 26, 2018, 09:52:16 AM

Investors are not traders.
An investor is one who would buy and Hodl till it rises significantly. But a trader is constantly looking for ways to make profits.
It is convenient to have fiat often, especially if cryptocurrencies is your main income source.

Does this differ from forex trading?
Anyway, the following post of OP is just how he handle difficult situation of crypto market in trading with pump and dump strategy while using the short-term to long-term trading strategy. And with a 5 years of experience he sure know what he's doing that's why he's just sharing his method to all of us here in the forum.
And also it doesn't mean if you are an investor, you are not a trader too. Their only difference is in time of holding.

Babyrica0226

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Quote from: MasterHam2 on August 26, 2018, 10:25:03 AM

It looks like most of us on this forum are hodlers and we are really more comfortable with hodling rather than taking a risk and doing some trading because of our lack of experience coupled with the current market conditions...

I think not all but only a few members in the forum are holders, because majority of the community here need money instantly or in a short

period of time, That's is why most of em are always in a hurry to get some profit in here especially for the newbies who came in the forum or in

trading platform. But, honestly in this situations we really need to be patience it is really the market was in the middle of declining period or it

could be finish only just we don't know when?

sheenshane

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Quote from: 1Referee on August 29, 2018, 03:49:31 PM

Quote from: gabmen on August 29, 2018, 11:12:52 AM

Well if you're planning to hold for a long time, might as well stick to the old reliables like ethereum.

I actually don't recommend anyone to hold any altcoins for the absolute long term since they haven't proven to be a dominant force within their own industry field. Ethereum hasn't had any serious competition yet to test its solidity, which is why I'm looking forward to how EOS will develop itself from here. I strongly believe that EOS has the potential to overtake Ethereum in the forthcoming years, especially if they get everything working.

Another important factor is that EOS holds like 5% of all circulating Ethers which they can and likely will use to close the gap even further. If on top of that an exchange as Coinbase decides to add EOS where it will gain even more exposure, Ethereum will be pushed down even further. I however don't know how long it will take since EOS might actually be a security. Time will tell.

Same as like here, but I hold altcoins for long-term aside from Ethereum I also hold EOS as of now in my portfolio. I've seen the good technology on this coin and probably it will profitable soon like what Ethereum did last year. Yes, in holding I always prefer into fiat to know how much I've to earn on my holding crypto.

boy130

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Absolutely, I agree with the fact that you should always save some fiat before investing into crypto because its true that usually the profit comes much later than one anticipates, and its a matter of years.

Aion2n

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Quote from: Hell-raiser on August 26, 2018, 09:44:42 AM

Some people can't comprehend simple logic and arithmetic. Statistically, you would be better off if you went for combining short-term to mid-term trading with long-term holding. It is not carved in stone that there will ever be a new historical high. For example, with Bitcoin that would mean going north of 20k, which may never happen in the foreseeable future. And what then? But if you allocate some part of your stash for short-term trading you will be able to earn something by riding volatility now and then even if there is no long-term rise, ever.

I tried to explain this simple thing many times to quite a few people over here but they seem to be too stubborn in their delusions to accept the truth. But never mind, let them sit on their hands if they choose so as it is from their losing that our profits are coming from.

In an ideal situation, in order to be a successful trader, it is necessary to combine all methods in your strategy. For me, trading is the main source of income. That's why I have long-term, medium-term and short-term positions, also I always have a fiat. So, from my experience, I will say that your proposal and the author's proposal must be combined for successful trading.

aoihs00

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Thats close to the truthful holding. I mean this is the way one should always work when the long term holding is done. You should always have a strategy which is going to increase the profits over the time and not just sitting of the coins at one place and they are dropping all the time. One must be alert when the prices moving down then they should add up more and thus actually they are increasing their trade windows by that. Over the time when the same trade reverses itself then it may give more profits as compared to just holding. ;-)

1Referee

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Quote from: gabmen on August 29, 2018, 11:12:52 AM

Well if you're planning to hold for a long time, might as well stick to the old reliables like ethereum.

I actually don't recommend anyone to hold any altcoins for the absolute long term since they haven't proven to be a dominant force within their own industry field. Ethereum hasn't had any serious competition yet to test its solidity, which is why I'm looking forward to how EOS will develop itself from here. I strongly believe that EOS has the potential to overtake Ethereum in the forthcoming years, especially if they get everything working.

Another important factor is that EOS holds like 5% of all circulating Ethers which they can and likely will use to close the gap even further. If on top of that an exchange as Coinbase decides to add EOS where it will gain even more exposure, Ethereum will be pushed down even further. I however don't know how long it will take since EOS might actually be a security. Time will tell.

Phomology

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Quote from: badaovodich on August 29, 2018, 11:38:41 AM

Divide your investment into several parts: short-term investment and long-term investment. I still recommend that you invest in long term or also called HODL because the potential of Crypto market is still unclear and that is the opportunity to bring more profit for us. Most of the rich people from the Crypto market have been holding Bitcoins for a long time.

Also divide it into different markets, never more than 20% in one single market and never more than 5% on any name

darkangel11

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Don't let others control your BTC -> self custody

Quote from: teramit on August 26, 2018, 08:08:28 AM

... So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

Is holding for years something bad? I believe that BTC is one of the best stores of value because it not only is safe but also gains value over time. Holding is great if you don't want to trade and have other things to do than constantly watching the price and worrying. In 2016 i stopped watching for a year and don't regret it.

I also don't agree with the buy when it goes up pattern. This is what the herd does. The more it gains the more they buy and the more it falls the more people panic sell. The time to buy is when it's been falling for a long time and even hardened bulls turn into bears.

ukboss

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People always keep Fiat money because it is a very important part of trading. If you make your money with dump market so you can lose your money. Fiat money it is a very important when you are going to trading. If you see market is pump so you can convert your token with Fiat money. When market going dump so you can again convert our money then you can get some profit.

badaovodich

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Divide your investment into several parts: short-term investment and long-term investment. I still recommend that you invest in long term or also called HODL because the potential of Crypto market is still unclear and that is the opportunity to bring more profit for us. Most of the rich people from the Crypto market have been holding Bitcoins for a long time.

Kemarit

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Well this is one proven method I already applied when I was still very active on trading last year. I don't dump everything, I just sold a few and see how it goes, and specially last year when the market is really on a bullish trend, this method is very effective for me. I think this is still applicable on bearish trend as well, you just have to continue to follow the coins you hold and make that move to sell half of your stash and wait for the right time to buy or sell again. The problem though with newbie traders is that they are really emotionally attach to their tokens and don't know when to let it go. Gonna be a hard lessons to learn, but this sort of strategy might click if you know how to apply it so that you can enjoy profits from time to time.

gabmen

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Quote from: Crypto Girl on August 29, 2018, 04:09:50 AM

Quote from: Cryptosuperb on August 26, 2018, 02:47:50 PM

I holded some fiat and tether, and I saw bottom few times and I buy, and price goes lower, and I buy again and it goes down again, with btc crash wasn't hard, but altcoins were bloodbath! I remember how I was smart buying BTX at 11$, I thought it cant go lower Cheesy

I wonder how much you've loss now in btx with its current price of $1.24, so basically you loss over ×10. And yeah it dump harder from what you've think.

OP is just waking us for holding too much altcoin because in reality it's unwise to hold it because its losing their value along the way. Maybe for some they need more eye opener to realize what they're holding in their bag. Though cut lose is sometimes unacceptable but if you see that it's hopelss then maybe it's time.

Well if you're planning to hold for a long time, might as well stick to the old reliables like ethereum. And make sure you're prepared to hold until it's worth selling. Also having fiat or usdt available is quite a safety net for a lot of traders. With a market this volatile, having it on hand would be quite useful especially in a bear market.

supermine

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Quote from: teramit on August 26, 2018, 08:08:28 AM

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

But understanding the trend of the movement on the prices of crypto currencies is very hard you need to be lucky to make money with this buying at the low and sell them at the high but it is also a great strategy to make huge money than waiting for the prices to increase in very huge percentage.But another strategyy maybe convert them into stable coins whe the prices falls and the move again into the crypto once it reaches bottom.

Crypto Girl

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Quote from: Cryptosuperb on August 26, 2018, 02:47:50 PM

I holded some fiat and tether, and I saw bottom few times and I buy, and price goes lower, and I buy again and it goes down again, with btc crash wasn't hard, but altcoins were bloodbath! I remember how I was smart buying BTX at 11$, I thought it cant go lower Cheesy

I wonder how much you've loss now in btx with its current price of $1.24, so basically you loss over ×10. And yeah it dump harder from what you've think.

OP is just waking us for holding too much altcoin because in reality it's unwise to hold it because its losing their value along the way. Maybe for some they need more eye opener to realize what they're holding in their bag. Though cut lose is sometimes unacceptable but if you see that it's hopelss then maybe it's time.

Pikachu12

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I learned this from books about finance. Some experts advise us to extract the excess and do not need to use them in the next 5 years. We will use that money for long term investment and it will really benefit us.

isaac_clarke22

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It is just simply waiting for the market to react according to your need before you make something happen. Buy at low and sell at high. There is no more explanation for that matter. Kinda agree with the guy that said in here that 99% of altcoins since most of them dries out after it reaches the exchanges overnight. It is just gonna be like a cactus in the middle of a desert that dies out after its water gets extracted out.

Quote from: BitHodler on August 26, 2018, 06:29:32 PM

That's a common rookie mistake. Altcoins in 99% of the cases don't serve a purpose at all, and that definitely applies to BTX. When buying these coins you should expect them to lose +90% of their value.

In other words, never blatantly assume that an altcoin won't go down further just because you think it's already low, because it can and likely will go down far lower. BTXs fundamental value is close to zero in my opinion.

These coins are meant to be used as a quick-flip, and not to hodl for a long period of time.

Topic: Always keep fiat while holding - page 7. (Read 2249 times)