Topic: BTC Strategy (Read 840 times)

Well indeed if a strategy can bring profit then is ok, i think almost every people has own strategy and they choose it over more time because they need to test it, and also some learn from another.

It is certainly commendable that someone is trying because of his ability to help other people with regard to investments, but personally for me all such groups and communities often look like places in which, along with good advice, you can very easily get advice that will not benefit you. Therefore, I usually take very carefully to such proposals.

I agree in what you have said and in addition to that purchasing coin when it's bear market is indeed a risk since we dont know when it will recover its price again and for me that's indeed a spirit. Since now, we are talking about the strategy, everyone will fall into different opinions since we do have different perspectives towards the current market today, and these days I often store my bitcoins and it can be possible only with a trusted exchange and recently I have discovered Darb, which allows me to deposit my assets to them and convert it with another assets and as well as performing a faster way of making transactions.

I do not have the source but according to a study I once read about 80% people that are currently rich are new rich, basically people that were poor or middle class and that created their wealth during their life and did not inherit it, and you will see they come very early to conclusions similar to your own conclusions despite the differences in their life experiences, in my case I learned about the importance of saving at a very early age since my parents thought it was important that I learned how to save money for the future.

Fortunately for me I was smart enough to understand that what they were teaching me was important and I learned my lesson and when I found out that something like bitcoin existed I immediately decided it was what I was looking for, since in traditional investments you need a huge amount of capital just to get started and if you want access to the best opportunities you need to be a qualified investor and that is not easy to achieve at all.

Well, you can have an ongoing dollar cost averaging strategy and a buy on dips strategy.... depending on what state of accumulation that you are in... or if you are in more of a maintenance stage.

I first got into bitcoin in late 2013, and I had a goal to invest in bitcoin and to get my portfolio up to an aimed target that was a percentage of my total investments.  Largely, it took me a year to accomplish that accumulation goal.  Thereafter I continued to dollar cost average into BTC for at least the next year.

I don't have any problem with the idea of strategizing part of your BTC investment plan; however, you never know when the bottom is going to be in, and therefore, you could miss the boat if you are holding back with too much and waiting for a further dip.. such as some of those who are currently waiting for sub $3k that might or might not happen.

When the price has already dipped 80%, there is no reason to dick around with a lot of waiting.. even though it is prudent to hold some stash, just in case the price dips more.

On the other hand, in retrospect, we see that when the price went up to $19k, it would have been good to keep some fiat in reserves for buying - even though no one really knew exactly where the bottom of the correction was going to be that ended up being quite a bit lower than anticipated, so far.

Let's say if you have $300 per month extra, maybe 1/2 or 1/3 would be placed on dollar cost averaging, and the other portion saved for buying on dips... each person has to find a balance that is comfortable for them both to get a stake in the game and NOT to be gambling too much with the investment in order to have money left in case the price goes down.  I also advocate shaving off small amounts on the way up, so there is a need for moderation there, too.. sell a bit but not too much.. You don't want to run out if the price shoots higher than expected.

Well that works if you plan a few years of holding the coins you've accumulated. And if you have the means to buy monthly of course. I still think it's best to gauge your timing. There will be months when it's better to just sit and wait. Flexibility is an important trait both for a good investor or a good trader.

It sounds like you are advocating an attempt to time the market, suzanne5223, when there is decent evidence that dollar cost averaging into bitcoin is likely to pay off a lot better than either playing around with timing of the price or even playing around with other coins (and I cannot tell if you are suggesting to play around with coins, other than btc). 

In other words, continuing to accumulate BTC and to hold BTC is likely the best strategy, so long as you do not invest more than you need for ongoing expenses, including planning into the future and having some kind of emergency reserve fund.

Yes, the strategy emphasize by the above members was not applicable for bitcoiners who dont have much investment capital and it not must for investors to buy coins every month because the market status is what will determine the time of investment because crypto investment profit are determine by the time of entering and exiting the market. Besides, accumulating more coins dont work for all investors and ones must always apply the strategy that usually bring more money to his table.

Yes.. everyone is going to have differing experiences, and hopefully there is an ability to learn from the experiences of others in order to tailor your own approach to BTC, for example.

I used the above example of an income of $500 and $400 as hypotheticals, and I gave a context for such discussion.  Every person is going to have differing circumstances, and in several of my other posts, I frequently assert that anyone getting into BTC or any other investment should strive to make sure his/her basic expenses and emergency expenses are covered first, and if debt is used for investing, such use of debt should be conservative rather than gambling.   


The $500/$400 example that I used above is not necessarily saying that specifically it is going to work for someone every single situation - because the amount that anyone can drop his/her expenses or even improve his/her income will likely depend on some ability to get some basics, such as what is the cheapest rent of food and are there ways to cut on those expenses, even if temporarily.



Yes... if you cannot save $100 then maybe you can save $10 or maybe you can save $1?  You do what you can, and bitcoin is likely going to be able to improve your lot, especially if you can build a time preference of 3-5 years or more in terms of setting aside whatever you can.


Get the fuck out of here with your patronizing ass assumptions about young/rich people writing about poor people and cannot understand.  You are both presuming too much and you seem to have been misreading what I said (perhaps on purpose?) and perhaps purposefully avoiding the points that I made with your lame-ass personal attacks that suggests that you seem to know better or that some poor person might know better.. merely because he/she is poor and disagrees.               

I am saying that people who want to improve their lot should do what the fuck they can do, and if I agree that there might be circumstances in which some people cannot get enough income to cover all expenses, and they might be kind of fucked anyhow (as a poor person).  Furthermore, I agree that there may be some people who are physically or mentally handicapped, which is going to limit what they are able to do, and they might be kind of fucked too, perhaps.   My earlier post was not really directed at those situations to presume that every single person is able to get out of his/her circumstances with mere brainpower and effort, but instead I had been directing at more common situations in which people are able to attempt to learn to either cut their expenses or increase their income or both and to adapt their plans and strategies and to consider putting BTC into their plan (or adding it).

 If you disagree (as a poor person) for the mere sake of disagreeing, and you cannot figure out ways to learn to either how to cut expenses or increase income (which might be impossible in some circumstances of physical or mental handicaps and things like that), but if you have the capability to learn and to improve, then you may be able to improve your lot by attempting those efforts too, and bitcoin is a means to improving the lot of poor people if such poor people are able to take some stake into it...and if such poor people have a decent enough time horizon of perhaps 3 years or more... 5 years, then a longer time horizon is going to increase the odds that the ongoing investment into bitcoin will pay off.  I agree that there exist some people who do not have such longer time horizon because of mental of physical handicaps, and I was not writing about those situations - because bitcoin might not be a good thing for people in those circumstances.

it is amazing to see young people or rich people to talk about 500 dollar income per month could be shaved down to 400 dollars in order to save 100 dollars. it is amazing to even consider such a life I agree but when you make 500 dollars a month the topic is not to drop your expenses to 400, it is dropping them under 500 because most of the time life is so expensive that you spend all of your 500 and then some just to keep afloat.

I do not mean new phones and amazing items neither, I mean one chipped tooth could destroy your finance for months to come, just your phones screen breaking could destroy that month alone, needing new clothes because your old ones do not fit anymore is a big issue as well, there are ton of reasons why people can't save 100 dollars per month. Saying "just save some money aside" is a thing either a young kid would say or a rich person would say, no poor would actually agree with that.

you first said that btc strategy wont work but you then said that you  prefer long term in bitcoin .  long term is actually considered a strategy  .

another one .  you said bitcoin is for long term but you also said altcoin is the most profitable platform .  bitcoin is actually the most profitable coin because it got the highest possible value that a crypto can get . altcoin do only have a small value so you cant earn big income on them .

most of all , your comment is verry confusing mate .

In crypto platform no one is expected the right direction so BTC strategy is not work out in all the time. I always prefer the long term investment in Bitcoin because altcoin is the most profitable platform in current traffic.
I hope once recover in Bitcoin this will be a great chance to buy and sell at anytime.

Set yourself a good doable (this part is very important) target and keep accumulating bitcoins. That's my strategy. If you set yourself an impossible target, you'll be exhausted and depressed and probably gonna make many mistakes during your journey.

Its is good strategy for long term holder but definitely not the best to make more money from investment,I will say while making money for investing on bitcoin every month they also need to explore other crypto earning way like trading and they need to try it also to make more money but with less capital which is not needed for the investor.

Yes, like you suggest there is likely a quite a bit of a personality type going on here, but then we arrive at a question of nature versus nurture.

In that regard, I think that people can learn good practices.. a nurture question.

I get a lot of flack on this forum for my long posts, and maybe some members conclude that I am lecturing at them; however, I consider this forum to be an interactive brainstorming mechanism, so I participate in the forum in order to have back and forth exchanges of information and to learn from others and learn about myself.. so for example, writing a long post, might allow me to learn about myself, too and to tweak my practice and strategies in light of what I learn.

I actually grew up in a rural area with parents who were not wealthy nor college educated, and there was a bit of value in working your way through things and self-independence. 

When I left home, I thought that I would not go to college; however, after I left college, and I was really struggling how to prepare myself for the future, very early on, I learned about creating a financial cushion and having enough funds to sustain your lifestyle, even if you get cut off for 6 months or longer.  Of course, I took that to further and further extremes conceptually, which involved attempting to figure out how to keep costs down which increases the amount that can be invested.

Bitcoin offers some self-reliant savings and investment strategies that had not been available with traditional investments both in terms of cost but also in terms of 24/7 availability and not having to go through any kind of middle man.  Anyhow, you can really go to town in the category of self-tailoring.  One of the earliest things that i learned in basic finances is that if you do not have much, you have to really chip away to build and build and build.  Prosperity does not tend to come quickly.  You have to both pay off high interest rate debts but also take measures NOT to add them to your life.   Debt is not totally bad, either, if you can get credit then you might want to use it, especially if you can get higher returns than the debt costs (without gambling).  So even if you only have $500 worth of income per month, there are likely ways to shave down your expenses in such a way that you are able to stock away $100 per month.. and you should build up your various emergency funds, first before you start to make more risky investments - such as bitcoin. 

There is definitely going to be more juggling when there is not a lot of funds to work with, and sometimes, there will be a need to increase the income side of the ledger in order to make meaningful investments into bitcoin - even if you are only able to invest $10 a week into bitcoin because you are building your emergency fund and covering your basic living expenses.

I do not think he is joking, in my experience most people do not have plans longer than a week and have no savings, so while it may seem weird to the people that take the time to plan their lives the truth is you are an exception, it is known that those that take the time to plan for their future get better outcomes during their lives, but people love living in the moment and taking impulsive decisions that affect the rest of their lives.

Every month one should be investing in the coins which they think will grow in future and this will help us to build a portfolio for ourself and also the price would get averaged out as at times it would be less and at times may be higher etc .This could be a way for many people to o buy as not everyone can buy at one go .

It only depends on the condition of the cryptos  .  both short and long term are profitable because coins can rise unexpectedly without a specific dates or time  .  some people like me prefer short term because i am lacking of patience .  while some loves to hodl for a longer time span because they want to achieve their coins full potential .

It's very difficulty for the average person (heck even for those who have been here for a long time) to figure out what a good entry or exit point is, because it's not always as obvious as it is right now at current levels being a great entry point, or in 2017 during the peak where the market looked extremely bubbly being a great exit point.

That's what I am doing right now. I allocate larger amounts to accumulate at current levels, and when it jumps over $6000 it will mark for me the moment to allocate way smaller chunks for accumulation purposes, because that's what I consider to be the safest way moving forward for me. It worked well for me during 2016 and the first few months of 2017.

I stopped buying over $2000 because it didn't feel good, but hey, there was just no way for me to know that it would pump straight to $20,000 within the same year. I'm happy that I sticked to my plan, and will stick to it similarly right now.

Correct, here is a good thread to read for newbies: (https://bitcointalksearch.org/topic/buying-your-first-bitcoin-or-accumulating-towards-a-goal-5104555). the guy has a clear plan on how to have 1 BTC in lifetime. So he put up a detailed plan and follow it to the dot and now he shares everything and in only means that it can be done by anyone. You don't need to buy 1 BTC immediately, you can set aside every month funds to buy Bitcoin as a investment and in less than a year this dude save 1 full BTC, I hope it could inspire others to do if  they wanted to really accumulate this year.

That's a good choice for long-term investment, but it will require substantial funds if you want to feel the maximum profits
I'm not the type of patient person, day trade is my choice
but at this moment I just wait and see until clarity from the SEC at the end of February :v

Buy during the bad time and sell and the market is good is going to be more profitable.
Or just keep buying the bitcoin whatever the prices are for every month until few years then see how much you made it actually later.

How could this be true?  Are you trolling, here?

Unless you are dying or about to die, then you should be able to plan for the future, including planning your finances.

I have been planning my finances since I was a youth, but really only seriously after leaving home and having to support myself, which was when I was around 17/18 years old.

My practice has been to attempt to plan ahead and to have a financial cushion of several months, just in case things went wrong.  Even though I learned this from my youth, my planning has gotten much better with the passage of time and with practice, and of course, if you are in the practice of planning ahead and including some kind of ongoing investment strategy within your financial plan, then you should be able to build the amount of funds that you have and are able to use with your investments.

Maybe you should explain where you are at?  If you don't have a cashflow, then getting a cashflow might be priority number one that would then allow you to plan how much of your cashflow you are able to put into BTC.

I will agree that any cashflow, once you achieve it, must attempt to cover all basic living expenses and to have bit of an emergency cushion contained therein before it would be prudent to add investing BTC into the mix.  Before I wax on further, V1ad99, please provide some more details regarding your situation and about why you are not able to BTC strategize, at this time.

The best and most safe way is to simply set aside, a set amount each month, buying during the good and the bad times. Dollar cost averaging is your friend.

Now it is difficult to withstand a clear strategy, because the market is unsteady, and it’s not clear what will happen tomorrow, for me personally, now it’s difficult to foresee something at the level of my knowledge, and I cannot count on knowledge of different media.

I do this: I follow the news - fresh, I participate in different telegrams groups, so as not to lose the information, I consult with those who have super results, and of course, I buy coins now, while the cost suits me. And with faith in the best I expect rapid growth. Perhaps this is a very passive strategy.

I have almost nothing left to build strategies (

is that some kind of strategy? waited for the lowest rate, purchased, and waiting for growth, mega growth.

Thanks to new partnership, Bitcoin is now availabe for purchace at select U.S. grocery stores.

https://coincodex.com/article/2894/bitcoin-available-for-purchase-at-select-us-grocery-stores-thanks-to-new-partnership/

Bitcoin strategy would be best buy while low price and sell when high price. Yet the problem is when will bitcoin go high price.

I agreed with you on investing and taking risk alongside. In addiction, the investment on bitcoin should be on a long term system as we all know that going on a short term will not be profitable like the long term. I bought some coins long time ago and sell at a reasonable amount for profits, i love holding for a longer time.

Invest and risk would be the best strategy. Buying bitcoin at low cost and wait for it to go up the sell.

There will be still a good strategy to earn money with bitcoin. If you know how to read a chart in market you can really monitor the price of bitcoin but its hard to monitors 24 hours a day. Even you invest in fall price there is no assurance that the price will rise instantly and sometime if you invest in a low price, the price will become lower. So, in order to avoid this situation you need to know how to read chart.

All investors do not 'buy low and sell high' and also it is not 'simple and easy'.
Investment strategies differ and the nature of cryptocurrency market makes it very difficult to predict where the bottom would be, and where the peak is.
There are also other strategies asides 'going long', but you would need more in-depth understanding of the bitcoin network and the market

I think bitcoin can continue drive progress more years even it has no legal acceptance.

That's great strategy I know all investor's of bitcoin to that strategy cause it simple and easy. Buy bitcoin until the value is down and wait for right time to sell it and you will earn more profit in your investment.

hold on a minute there. your very first statement is wrong! the USDT drop never caused any kind of price difference in any platforms. the price was more or less the same.

let me give you a simple real world example so that you may understand how there was no price difference.
this year Turkish lira tanked hard. a while ago 1 USD was equal to 3.78 Lira. so 1 bitcoin was worth 24,570 Lira. then Turkish Lira tanked and 1 USD was equal to 6.95 Lira so 1 bitcoin was worth 45,175 Lira.

a naive person looks at 24,570 Lira to 45,175 Lira and thinks bitcoin price has gone up and there is a difference in price between the two markets. but if you really look at it more  closely you can see this:
24,570 / 3.78 = 6500 USD
45,175 / 6.95 = 6500 USD
in other words the value of bitcoin is exactly the same. you are just looking at the same value in a different currency.
well if we call USDT a "currency" then the situation was the same:
6500 USDT / 1.0 = 6500 USD
7800 USDT / 1.2 = 6500 USD
and that is not a price difference!

as for this "strategy" most of it doesn't make sense and you seem to be copying this text from somewhere advertising a pump group!

This year has demonstrated that all strategies do not work in the case of Bitcoin. How many times during the year did it seem to everyone that the price of the coin reached the bottom? Personally, I thought so three times and made purchases, but the price continued to fall and so far the reversal has not happened. I am a forced holder who has been in the red for many months.

There are no specific strategy to monitor Bitcoin's value but to use one's own intuition is the best way to profit. I generally wait for bitcoin prices to fall and use my intuitions to invest in it.

For me the strategy is very simple. Buy the coins when the market is going low. Hold the coins and wait for the bull run. When you see you can get a good profit, sell them, very easy.

While you went at great length explaining the strategies regarding bitcoin investment, which deserves lots of appreciation, but I fear this will not be applicable to everyone. People are different and so are their needs. Some of them will be better off with custom tailored plans than a general one.

The elaborate explanation regarding the strategy of bitcoin is duely appreciated and can help many. But I follow simple strategy, buy bitcoin when the market price is low and hold it no matter what for a while and when the price rises that allows me to make good profit and sell or trade it.

Can you all try not to quote the entire post made by the OP, and quotes of others, it just fills this thread with pyramids and makes it difficult to follow the discussion and quite dizzying to read.

Select the area you wish to reply to and cut out the rest, if there are multiple areas then add more than one quote. Or you can just drop a reply and it is naturally assumed you are addressing th OP

I believe that the most common and effective way or strategy in relation to btc market is that buy during bear market where price is low and wait until it will rise up higher when it was bought. Then it will be up to you if you're going to sell it and earn the profit or rather hold it further until it will increase more. Just keep on monitoring the btc market from time to time and observe the progress and decide once the market becomes bullish.

Because the last USDT event caused a large price difference on several platforms, and now there are people on the market who are bullish and bearish in the market. There is not much judgment here, and then we will provide some location and some risks today. Refer to the opportunity for higher returns.
01
BTC:


First look at BTC: Last time in the circle of friends, if the cake broke 6650USDT or the grapefruit broke 5.5, you can come out and wait, then the pie broke 6650 and today it is around 6500. But fortunately, there is no amount to fall. Since the USDT is still a variable recently, the BITSTAMP data reference for USD is used below.


At present, the price of the corresponding usd under the big cake is roughly 6350. Then there is a line of 6200-6250usd. As the USDT picks up, the spread on the platform should gradually shrink.

If it is down, I may be able to enter a point based on the real-time situation near the location. The short-term grasp of the uncertain position is gone. The first pressure is around 6500USD.

You can still consider the support nearby, and the stop loss can be set below the support. Below the pressure level of the profit and release, the short-term worry that the emptying can wait for the volume to break through the pressure and then pick it up.


Short-term strategy:
The short-term is still the support position pending order, effectively falling below the support of the buy position to leave, if the effective heavy volume breaks through the pressure level given, the short-term can also chase a point in the moment of breakthrough, and then you can choose the next pressure level near the profit or Breaking the pressure stop loss of buying.


Here are a few more words, because I mainly do short-term, the mid- and long-term groups will occasionally give suggestions. The position of everyone in the long-term line is different because everyone is different, I am not good to give advice, so the general recommendation is to choose The medium and long-term line will be well held, and if you want to refer to my buy-and-sell position in the short-term, you must strictly set the stop-loss position. Don't let the short line become a medium long line.

The general buying position I usually give is near the support level. Of course, the support strength may be different, but the certainty that you buy in the middle area will be much higher, and the short-term stop loss position that the support position buys is generally After effectively falling below the support, don't be alone. If you fall below the buy stop loss, there will be no loss in your short-term.


02
Mainstream:
The mainstream trend is actually similar. Only Ruibo has broken through the downtrend line. The overall focus is on the big cake. The following is a picture of the USD. You can refer to it. It may be different for the USDT trend, it is best to pay attention to it yourself.

Here is a special point to say that sometimes the pie may have reached the support, but some of the mainstream people have not reached the position. At this time, they can still refer to the pie, and then the minority obeys the majority, and in case only the pie is delivered. The position, but the mainstream has not arrived, but also be cautious, the best situation is that the mainstream of the pie is also at the same time, so the reference meaning is stronger.

Prince:

 Prince Edward can be considered when approaching the lower edge of the triangle, and then stop falling below the lower edge or lower. If there is a chance to attack, then see if you can break through.

It is worth noting that the current trading of the princes on the pie is particularly bad. If you continue to bear the bears in the later period, you may have a low risk of innovation.

Otsuka: If you look at the USD, you can intervene near the lower edge of the triangle.



Ruibo: The overall trend is the strongest. Currently, it may be adjusted in the fourth wave. It is expected to continue to attack. The callback will not break 0.375usd.

Grapefruit: The same is true for grapefruit.



Here to say a little more, the pressure support does not necessarily just reach that position, there is a little bit of error, so it is recommended that you short-term pending orders in the vicinity of the given location. Short-term effective break below the support to leave.

03

Competition cottage: On the whole, if the pie can be stabilized, there should be a good market in the late stage of the cottage, and many cottages have come out of the short-term bottom.

Say a NAS: nas may be walking at the bottom of a circle, if the late heavy volume breaks through the neckline 2.15 can be chased, the stop loss will be placed below. Currently supports 1.6, then 1.5 or so. You can also consider intervening in the vicinity of the support.



The short-term is also considering the take-profit near the pressure level, and then if the performance is relatively strong near the pressure level, you can consider waiting for the next position.


Then I hope that everyone will pay more attention to the progress of the cottage project in their hands. Don't wait until the final return to zero.

In the middle and long-term selection of the cottage, you can also refer to the list of the cottage that I think the fundamentals are not bad.

In the short-term, try to find those signs that clearly break through the pressure of the box.

It is still not recommended to touch the small currency of the small platform that has been shouted. Then 1co's new project, I haven't had time to understand the market recently, but there are already a lot of old currencies on the big exchanges, and I have to spend some time to find the old currency that breaks the fundamentals. Let's go.

Before the coinbase announced several lists that might consider the coinbase, including ada, bat, xlm, zec, and zrx, and then looked at a list of competitors in the back of the public number, two of which were ranked In the front, it shows that this form is still well organized.



Then some other competing altcoins behind the form, friends who need to pay attention to the public number in the background to receive a reference role.

Here, let me say that I think the three conditions for picking the cottage.

1: Going too big on the exchange (the big exchange can initially help you to filter a part of the air currency, try to stay away from the small exchange currency)

2: This wave is large enough (as long as it does not return to zero, the late odds are large enough)

3: The team is doing things and the project progress is updated on time. (At least initially, it can be considered not to be an air currency, and there is value in existence)

In addition, this part of the cottage I only recommend small positions speculation, the main investment is to consider the pie and several mainstream, because in any case, can not guarantee that there will be no return to zero.


04

In addition, I have established a communication group. Now, the value of this group is still quite high. Of course, I hope to join the group of friends. You are also valuable, at least have your own judgment and do not advertise me.

I will also give a reference to the situation in the group in real time, and then share some K-line knowledge, and teach people to fish instead of giving people a fish. I hope that everyone can make self-judgment through some experience of sharing.

I also hope to create a high-end community where everyone can benefit from each other. At present, there are 20 years of IT technology and financial related practitioners in the group. Add group can also apply through WeChat below.

Of course, the group is definitely free, and may set a certain threshold in the later stage.