Topic: Any long term HODLers increasing the BTC stash by trading? (Read 1399 times)

Op, I understand that all you need is more coins and it is perfectly fine. I was the same as you, but I realised that I cannot have it all.
For now I am now perfectly fine with the stash I have, although I own a pretty insignificant number of coins.
I thought many times that I would be most efficient way to simply sell at high and rebuy at low but in the end, but it is a bit much hassle for me.

You can understand when the price of Bitcoin rising up 50%, altcoin will better than, maybe 60-75% after a crash, because amplitude fluctuations of Altcoin usually interesting than Bitcoin and can make extra profit from that

when you invest in bitcoin you accept the risks, when you start to pick up trading too then you have to also accept the risks of trading. and there are a couple of big ones like exchanges running away or you making a couple of  bad decisions that can easily lead to losing half of your capital.

that is why in my opinion if you have been long term HODLer so far, then continue being that. don't try to jump in unknown waters just yet.

Yes, there are people who are using bitcoins for business from its birth in 2009. They have saved a lot of bitcoins since 2009. Long term holders mostly keep their coins in two categories. One in which they put the savings and other in which they keep the bitcoins to do the trading.

Many people have adopted these ways since 2009 and are getting profits of millions since then. You just need to learn the skills need and before long you will also be trading and stashing thousands of bitcoins.

I try to buy in the corrections but I also will buy some of the major altcoins if they have a correction. I'm trying to diversify a little because some of the altcoins appear to be catching upbto Bitcoin a little. I don't know if any will catch Bitcoin but some could have bigger gains than Bitcoin going forward.

What you are suggesting here is nothing else than sell high and buy low! Anything more valuable you would like to add?
It's not that easy to hit the top of a run up or to get the bottom of a down fall. You definitely need some experience and analytical skills here.Otherwise you may miss more profits because you sold too early and just caught the falling knife!
So these suggestions should not be taken by the average joe out there.
To try these every 4 years is way too risky if you have no further experience!And to get that experience you need to trade regularly!
Therefore I recommend to buy everytime a few bits when people can afford it to increase their stash.

i didn't say i "predicted it" i said i was nearly certain.
i always say it is about chances in trading. when price was testing the $3000 resistance i decided the chances of a drop in case of failure to break it is higher. so i sold an affordable amount there to make some profit.

could i have been wrong? absolutely yes.
i was thinking the same around $2000 too but the resistance was broken easier and i help off. i was thinking the same all along and i missed the selling on a lot of occasions.

and even if was wrong and price went above $3000 i wouldn't have minded. i was still selling at a big profit and would have bought back what i sold at higher price to enjoy the rise. and as i said it is a "small portion of my stash" so even if i don't buy it back i still have more

Oh yes this is me. I have serious brain/nerve damage from the sequelea of consequences of bitcoin trading and would return every satoshi for my old life back. I also lost a job and spent half of my profits supporting myself for a long time until I found my next job.

I've since learned the secrets of healthy trading. You need to find markets you dont care about (like altcoins) and arent going to need to follow and watch 24/7. Find something that is moving quickly and with volume and go in and out of your trade within minutes or hours. Dont get greedy and have to catch every move. Focus on performing well for a few hours at the desk. Then 'clock out' and go on with a normal life with no charts until you 'clock in' again. If something starts moving at night when you are supposed to go to sleep, forget it and save your energy for another move during the day. You have no guarantee that you are going to make a profit anyway.

Another way is to use the 'set and forget' method that forex and stock traders like. Pick a strategy and place limit and stop orders that will execute on their own. Then commit to your strategy, dont watch the chart, and dont change your orders. The problem is the exchanges arent robust or reliable enough for this. The stop orders on Polo dont even work.

You dont need to get rich quick. If you make 1% per month, you are beating the stock market. If you make 1% per day, you are making a fortune.

And finally: Never trade during low volume. Once things die down you might as well go on a sabbatical.

Its always something of concern in which it will be so hard to take such decision but there are two ways to go about it;

1. Sell and say bye-bye to bitcoin and just just your massive return on investment by that you would have made tons of percentage returns.

2. Just sell the one you have at this price and wait till when price crash next (if it eventually happen) then buy low and keep long-term again.

Uh, well you're right, long term holders have generally bought bitcoin when it was still really really new and nobody really liked it much, therefore they are able to gain their huge stash of coins for quite cheap. And basically whatever they do, everything is risk free, and they are guaranteed to make profit because no way bitcoin is ever going to go down to $100 per coin again.

However, i'd just like to point out that there are cycles that are proven that you can definitely take advantage of. For instance the halving is the biggest source of hype in the bitcoin world every 4 years, and i haven't seen one halving go by without generating good profits. So i'd suggest sell 50% of your bitcoin when the halving hype is at its highest, buy when the halving hype is gone. You'll easily make an extra 50% on top of your coin every four years this way, but it does come with risks.

long term HODLers are mostly old members now and many of them have bought bitcoin very cheap. some even bought it ultra cheap. and if they were wise they have already made a lot of money from it.
for example I have been buying bitcoin ever since it was $400-$500 and was falling down to $200 and up towards today. I have already taken out more than my initial investment in fiat and still have more coins left.

I won't sell because even if price goes down I am still in a huge profit.
even if price goes down more I am still in a huge profit.
even if price goes down a lot more I am still in a huge profit.

... so no you won't get back the coins that I bought from you cheap. I will sell a small portion back to you when price reached $10,000 at least. I will just buy more from you each time you sell in a big dip after a panic sell starts.

Besides trying your nerves trading can make you physically ill if you take it too seriously, and it's difficult not to when gambling a lot of money. Some traders wind up suffering from extreme sleep deprivation after staying awake for days on end waiting for the market to make a move. That alone can make you physically ill.

Dude I don't care what you say but nobody could have predicted with certainty that Bitcoin would halt just below $3000. It could have just as easily shot straight to $4000. If you did predict, you got lucky. Could you have predicted that Ethereum would rise from $12 to $400 in one massive bull run?

Many people predicted that Bitcoin would reverse the bull trend after reaching $2000 and sold all their position hoping to buy back below $1500. Well guess what? That never happened and they had to buy back at a higher price. I too sold all my BTC at $1600 and had to buy back at $2500.

The market is a dangerous place and this is why most traders lose money. Atleast my policy is to never sell at a loss, so I only lose out on potential gains by trying to time the market.

I havent done heavy btc/usd trading for years. I use 20% of my coins to trade altcoins on margin and I cash out all the profits as fiat.

If you haven't traded ever before, I would be really careful if you want to give it a try.
Use a very small amount and try out how you feel being a active part of the trading market.
If you should come to the conclusion, stick to what you've done so far. Buy with some sapre money every time you can and just hodl the next coming years! Trading is extremely difficult and it could also fu** up your nerves if you lose, even if it's just a small loss. This isn't something for the average joe. You need strong nerves, coolness, patience and a crystal clear mind.

I always look out for repetitive patterns - that's basically my thing. That's why I love how the market has been moving up and down all within the $2000-$3000 levels. With uncertanties around UASF and Segwit2x the market isn't likely to move over the $3000 level, and with support being strong enough, it isn't likely to dump below the $2000 level. It has never been more easy to make a few bucks here.

It's possible. For example right now i would definitely go for sell now and then buy when the dip comes before the UASF, because i do think that a lot of impatient people are going to sell ahead of the fork and take their USD for safety.

The thing is though, many times you will fall into the trap of either buying too high and selling to low.

Long term holding should be the go to strategy for anyone, and unless you are extremely confident with your trades, stick to that strategy and that strategy only. Don't bother doing anything fancy because it is likely going to wreck your entire stash of coin. I think i'm a bit like you, i don't mind my coins going down in dollar value, i mind though if i have less coin.

Bitcoin at a first glance promises a lot of opportunities while in reality there is an entirely new story. many people are short sighted and after the first or the first few times losing on trading they become disappointed and leave it be, they can't just hold for longer than a week or even 3-6 months.
Experience has proven to me that you could only earn good profits as well as increasing the coin amount if you are dealing with small amounts.
It's not really easy despite the common believe to add 10BTC if you have 1000BTC the chance of you losing 30BTC in the process of attempting to increase your coin amount is greater than you earning 10BTC extra.

i have tried trading bitcoin but i never like the exchanges and the risk of them. however i always make sure to do this (meaning to sell on top and buy the correction) when i am almost certain about a correction on the way. for example when the price reached the $2900+ i was nearly certain that if it can't break the $3000 it will drop and it happened.
or when the bitfinex hack happened or lots of other big FUD, these have always been good points to sell some small number of coins to buy them back in a couple of days to hold more coins in the end. and it has worked good so far for me.
my suggestion is do the same as me and make sure to not do it with all your stash. just dedicate some small portion that you are willing to lose and trade with that. exchanges can run away at any moment!

i simply increase my BTC stash by
- buying more with fiat over time, mostly in dips
- doing some jobs to earn BTC (shaking my money maker )
- trading altcoins to dump them after the pump and get more bitcoin out of them.

i have tried bitcoin trading but i don't like the exchanges. i am more comfortable using bittrex than using coinbase, bitfinex, bitstamp, kraken, etc