Check Out my Bitcoin Hugging Strategy!!! - page 3.

gantez

full member

Activity: 1736

Merit: 121

Quote from: BITHUG on April 07, 2019, 02:20:09 AM

Good.. Here we will make profit whether its up or down.

Martingale strategy is for high accounts and you enter with smaller risk size.

Again, remember when you make profit and exit in martingale strategy, you still have the opposite trade in loss and this can bring an account down.

alisafidel58

full member

Activity: 364

Merit: 127

Honestly, I don't like this strategy of yours. For the long term, you will surely gain profit but with the short term you may end up losing so much. There is a huge risk for doing this kind of trade at the same time.

If you don't mind I would like to see some stats on both long term and short term if you have one.

Bitinity

legendary

Activity: 3066

Merit: 1312

Have you tried it already or it is just found this strategy then you share it here? If you have tried it already, would you mind to share how much you have earn with this strategy with valid proof?

Greed Dev

member

Activity: 490

Merit: 10

It is an investment strategy that has great arrangements and it is likely to bring great profits to us. But I think this is the time when the price of bitcoin is quite unpredictable. It has increased constantly from $ 3k9 to $ 5k1. It is an unusual thing that has never happened in the crypto market since early 2019. Is this a whale trap? it will collapse to $ 4k before adding $ 100 more as you say. This is my guess, any other comments?

BITHUG

newbie

Activity: 28

Merit: 0

Exactly.. Start with small amounts with low leverage, so that risk is low. Because price may move sideways for long. Keep reserve for re entry.

Thanks for the reply.

unouresha

jr. member

Activity: 156

Merit: 1

So essentially you are playing martingale but on an exchange. It won't end well.

BITHUG

newbie

Activity: 28

Merit: 0

Yes.. we have to be in trade always, because price fluctuates within seconds.

Thanks for the comment.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: Kakmakr on April 07, 2019, 02:16:47 AM

I have a similar strategy, where I have a long-term hoard and a short term day trading going on. I bargain on making some short term profits on my day trading and pushing those profits into my long-term hoard fund. Wink

It is not actually day trading, because I buy low and wait for the price to recover and then I sell for a small profit.

My long-term hoard goes untouched, until a new ATH is reached and then I take a second profit, by selling 50% of those coins. Grin

Sounds to simply. But for those who are going to follow this route, you need to have that mental toughness just to hold for several days before selling for small profit. Rinse and Repeat.

Looks like the OP is a big risk taker though, 2 BTC as initial capital, Grin

. Yeah, this could also be used for who have a small budget and just try to be prepared and take advantage of every market situations. Thanks for sharing your strategy.

xvids

sr. member

Activity: 1176

Merit: 301

This seem's like a gambling strategy martingale style on trading platform.
I think it is better to have a particular crypto for a long term and for a short term trade ,
For example BTC for a long term and ETH for the short trade .
You could also go with half BTC for a quick trade and the other half is for your long term.

BITHUG

newbie

Activity: 28

Merit: 0

Good.. Here we will make profit whether its up or down. Stick with what you are comfortable.

Thanks for the comment.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I have a similar strategy, where I have a long-term hoard and a short term day trading going on. I bargain on making some short term profits on my day trading and pushing those profits into my long-term hoard fund. Wink

It is not actually day trading, because I buy low and wait for the price to recover and then I sell for a small profit.

My long-term hoard goes untouched, until a new ATH is reached and then I take a second profit, by selling 50% of those coins. Grin

BITHUG

newbie

Activity: 28

Merit: 0

You do not need to start with huge amounts.

Thanks for the comment.

tunapa

jr. member

Activity: 667

Merit: 1

This is simply what anyone can think of doing and to me I don’t think it’s worth trying out. Personally I wouldn’t invest huge bitcoins in multiple accounts just to make some profit which can later ruin my capital. I would prefer to buy some good coins and hold to take profit and move to the next. You don’t need a double account to make profit in this space and you don’t need to invest huge amounts except you are already a pro.

BITHUG

newbie

Activity: 28

Merit: 0

Yes, it is risky(Martingale Strategy). Do not forget no risk no gain. One should plan according to their total capital.

Thanks for the comment.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Do you honestly expect people to invest several Bitcoins to try out this strategy which is a pure high-risk strategy? I highly doubt this strategy will be feasible in the long term anyway and could work in the short-term.

Reminds me of matched betting somewhat, but still way more riskier in this regard.

BITHUG

newbie

Activity: 28

Merit: 0

Hi Friends,

Open two accounts in Bitmex. One for going long and another for short. You should enter trade same time in both accounts. when the price moves in one direction you make profit either up or down. If it moved sideways re enter after doubling your initial amount. Continue this process when you are in green.

For Example:

Starting with 2 bitcoin by depositing 1 bitcoin each in two bitmex accounts.

Current Market price of Bitcoin is 5151

Long 440000 in one account with 100X leverage, Liquidation @5126, Exit price @ 5211.
Short 440000 in one account with 100X leverage, Liquidation @5176, Exit price @ 5091.

Assume the price reached 5255,

Your profit in first account is 0.98 btc.
Your loss in second account is -0.41 btc.

So Net profit is 0.57btc

If you lose trade in both accounts don't be panic.
Re-enter with doubling the initial capital that is 4 btc if that fails 8 btc and so on..

So plan according to your total capital because bitcoin may move sideways for long time. You can change the above Leverage, Liquidation and Exit price to your preference and stick to it up to green. You can use this strategy anywhere you want for trading.

If you like my strategy, kindly donate me to the following btc address:
1C4xfQt3thrHohaBUySNYKHbw2dz83SUJp

Thanks.

Topic: Check Out my Bitcoin Hugging Strategy!!! - page 3. (Read 583 times)