Check Out my Bitcoin Hugging Strategy!!!

edmundduke

legendary

Activity: 1624

Merit: 1007

Quote from: BITHUG on April 07, 2019, 01:11:55 AM

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.

I mean, this is one of the worst ideas you can give out, especially to newer traders. First of all, new traders (well actually most traders) should stay away from margin all together. If you feel you need to use it, use low leverages. And opening counter trades is nothing new, pretty common tbh

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

This is martingale man combined with some very bad strategy. It is actually a gambling strategy but applied to a moving chart. lol This is especially for newbies in this forum: Do NOT follow this strategy unless you want to gamble. Trading should be done with technical and/or fundamental analysis. What you could actually do is enter a hedge by buying and selling the same amounts in each account then when you get a clear signals that the price will move one way you should exit the negative position and let your profits run Wink

voltesbit777

sr. member

Activity: 910

Merit: 251

Day trading is very risky especially with less experienced traders. If you're going to try his techniques, better to start with low capital, an amount you can afford to lose. Remember that losses are part of the experiences one trader has to take only for him to be successful. What is important here is how are you going to recover from losses.

BITHUG

newbie

Activity: 28

Merit: 0

One should try this strategy with small amounts and when they feel confident they can go for next level. Also better to avoid dull markets when no action is going on.

Thanks for the reply.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: BITHUG on April 11, 2019, 02:19:15 AM

At last i got one person who understands my concept. One has to be discipline not greedy. Look, what happened now the price crossed 5400 and came back to 5200.

Do you know what amazes me about you, your level of patience and time you commit in answering every comments, even the ones that are quite rude, I must commend you for this and your maturity, this indeed has made me think twice in paying attention to what you are saying.

I will probably take my time too to study it thoroughly and see if it something that will fly for me or not, but don’t you think that 1 BTC is quite too much, is there no way one can try it with little amount to really be sure of its effectiveness first before committing such huge amount of fund, let’s say like $100, you know it depends on your country, $5000 might not be much to you but in some countries, when converted to their currency, it’s quite much..

playboy654

member

Activity: 546

Merit: 32

Yes it is little different from the other Strategies and I think it my work for some of them who are like you will definitely want the profit in the regular intervals and I will definitely get paid for their investment when using this strategy.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: BITHUG on April 07, 2019, 01:11:55 AM

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.

It is too risky to follow this type of trading patterns and I have tried this with binary options before but lose heavily and I have to abandon that and started focusing on trading base on technical and fundamentals analysis that I have done myself. However, it might work for those that has decided to gambling with there risky capitals.

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: BITHUG on April 07, 2019, 01:11:55 AM

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.

Very smart idea to burn account in a few trades. LMAO.

First, you don't need two accounts for opening hedge trades and trying to hide the real trades is not a good idea either way.

Martingale strategy is a form of money management and you need unlimited bankroll in case of things to go worse than calculated limits.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

Your strategy seems to be pretty good.
But i would like to add a few things that, it doesn't at all matter how good your strategy is, but if you follow it second time then you have 90% chance to face losses.
Not only me, many on this forum can witness that.
The thing that can only save you from being drive into losses is the present sense of mind which indeed makes your day.
I can also see that your strategy is well planned, but to be honest we really can't rely completely upon you and also cannot blame if we face losses.

Vispilio

legendary

Activity: 2128

Merit: 1657

Martingale is a horrible way to trade, unless you know for a fact that the price of an instrument has to fundamentally retrace, in which case there might be a sound reason to double up (or ladder up) in special circumstances...

That kind of price action occurs in some cyclical or revert to mean products, behaviors that a highly volatile product like BTC cannot be definitively expected to adhere to...

jazmuzika217

member

Activity: 476

Merit: 12

Quote from: pawanjain on April 12, 2019, 10:20:08 AM

All those who are saying it is risky to invest such huge amounts, OP has just given an example and a much lower can also be used to test this strategy.
Also, OP, I think this strategy would be much useful in day trading where a trader sets the target for a day and if he losses then he could reinvest the next day with double capital amount.
Again, a huge amount is not necessary here and if the trader sets the targets right then this must be a good strategy to earn decent profits.

I agree to you buddy OP gives only example its up to you how much money do you want to risk, its look like a good strategy for me since you have a two account one for short and the others for long, I dont try the 100x lev. on bitmex I only stick to cross trade will try later after withdrawing my fund from other exchabge site.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

All those who are saying it is risky to invest such huge amounts, OP has just given an example and a much lower can also be used to test this strategy.
Also, OP, I think this strategy would be much useful in day trading where a trader sets the target for a day and if he losses then he could reinvest the next day with double capital amount.
Again, a huge amount is not necessary here and if the trader sets the targets right then this must be a good strategy to earn decent profits.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Dear op, you should have told us if this worked for you or not. Why didn't you make that one clear?
Hope you aren't expecting people to try out the strange strategy, then their reactions here will help you determine whether it will work or not.

BITHUG

newbie

Activity: 28

Merit: 0

Bitmex is a trading platform where the price you see are just contracts. It moves up and down according to the market price of bitcoin. when you buy you will make money when bitcoin goes up also when you sell you will make money when bitcoin goes down. Kindly go through some educational videos about trading in you-tube before trading.

Thanks for the reply.

BITHUG

newbie

Activity: 28

Merit: 0

At last i got one person who understands my concept. One has to be discipline not greedy. Look, what happened now the price crossed 5400 and came back to 5200.

Thanks for the reply.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

So we set 1 order for long, 1 order for short. No matter where the prices move, we still make a profit. I think it could work for the market that still unpredictable and with that 2 orders, we don't have to worried if we are lost. But one of the 2 orders will get lose because when the price moves higher, the other orders will be got a lose, and we need to close it right away so we can prevent from getting a big loss. Hm, I think that should be a solution for people who want to try with leveraged trading in Bitmex. But this will have a chance for people to be greedy because when they see the increase of the price, they don't close it when the target price has reached, and they can let it open for a long time.

BITHUG

newbie

Activity: 28

Merit: 0

1 btc is just an example, you can start with 1 USD in bitmex. Plan according to your total capital. Make reserves for 4-5 entries. Because price will move sideways for long time.

Thanks for the reply.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Did I understand you correctly by saying that you don't need a big bankroll to play this strategy but that you have started your example with a 1 BTC bankroll? I'm a gambler so I know these type of tactics work for a while but eventually variance catches you in the butt. I know, been there myself so many times. Isn't variance in crypto even bigger though and don't you get caught out even faster?

BITHUG

newbie

Activity: 28

Merit: 0

If the price goes upward in direction then the long account will met the target price and the short account got liquidated early. Kindly go through my live paper trading that just completed successfully.

Thanks for the reply.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Deep inside of you, you know too that you’re not practicing this, is this gambling or what? Is it not the direction your analysis tends to advise you that you go? Whatever analysis you are using in trading, it is absolutely impossible to tell you to do both ways at the same time.

It is so glaring to me that all your doing is to use emotion to trade and not strategy, because I do not see this as strategy, what if the price goes upward direction, and never goes down again, do you know how much you will so much loose leveraging at 100x? I see this as just a waste of time and energy mate. Sorry, I am not interested.

BITHUG

newbie

Activity: 28

Merit: 0

Leverage can be chosen according to the risk capacity of each person. Kindly go through my live paper trading just completed. You will get answers for all your queries.

Thanks for the reply.

maxreish

sr. member

Activity: 1330

Merit: 326

I've read these kind of strategy somewhere in discord groups I guess. Too risky to do that. 100x leverage isn't safe. And supposedly for example, bitcoin goes down and you have a profit from your short entry but you were liquidated from your long entry. Then you will lose bigger and you won a little.
Yes, we have to take a risk if we want to become successful but if it will not work that strategy often times.

BITHUG

newbie

Activity: 28

Merit: 0

I have given an example to make it more clear with 1 btc. You can trade with small amounts. Also i have opened a live paper trading.

Thanks for reply.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: BITHUG on April 09, 2019, 08:09:49 AM

There is nothing wrong with Martingale Strategy if you are allowed unlimited entries.

If you so much believe in your so called strategy that will end up making lots of traders cry their ass out, especially when you advised they trade with 2btc, you would have even asked them to try with like 100 dollars and see if it would work.

Your strategy really does not hold much weight and I will advise you do better by posting proof of your trades and winning here on both side for proper verification, not just an assumed strategy you woke up with suddenly, thinking it will gain ground and passed into law. Do you really know what martingale strategy is used for ? It is used for betting and will be disastrous when applied to trading too.

BITHUG

newbie

Activity: 28

Merit: 0

You do not need a big amount for this strategy, plan according to your total capital. Also i have posted a paper trading which is live now.

Thanks for the reply.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Even if this strategy could be implemented (it's not really mindblowing btw, lots of small time forex scalpers swear by this) with a huge ass bankroll, I don't think you'd find an exchange willing to take those orders. Can't remember the term but forex brokers call it a direct hedge. Banned by most brokers back then, surely Bitmex would have limited it, especially on margin.

Course it works, until it doesn't.

BITHUG

newbie

Activity: 28

Merit: 0

There is nothing wrong with Martingale Strategy if you are allowed unlimited entries.

Thanks for the reply.

poptok1

hero member

Activity: 1638

Merit: 756

Bobby Fischer was right

Quote from: BITHUG on April 09, 2019, 04:25:36 AM

Thanks for the comment.

With all due respect, your so called "strategy" has the potential to hug nothing but an empty wallet.
This is simple martingale, that was proven false in early 20th century.
All you do is a promotion of mathematically and logically incorrect system, based on fraudulent (in nature) multi-account mechanics.
That's of course just my humble opinion, any one is free to follow whatever he wants, however consequences of tricks or hacks are unavoidable and those nobody can choose, they will follow regardless.

BITHUG

newbie

Activity: 28

Merit: 0

Yes..you can use indicators for breakout or dump signals, in order to reduce the risk level.

Thanks for the comment.

CryptoMadir

newbie

Activity: 4

Merit: 0

I would rather trade the most likely outcome using TA and manage my RR ratio to keep my losses small which is a far superior system IMO. Your method would give me anxiety attacks. Huh

BITHUG

newbie

Activity: 28

Merit: 0

Exactly.. you should plan according to your total capital. Because the price moves sideways, so keep reserves for re-entry. You can try with small amounts. Also there is no need of evidence. We all know trades will be favor and unfavor, if its unfavor go for next trade and make the net profit green.

Thanks for the comment.

Sealis

jr. member

Activity: 140

Merit: 2

This is literally a painful thing for those who have low amounts of mental strength. But it is worth the try and see if it can bring in some profits. But doesn't this need a bit of a large investment for you to start? or does the initial investment depend on which amount you start with?

Bagaji

sr. member

Activity: 1330

Merit: 291

Hope this strategy is not just theoretical because it would have been nice if you can provide evidence of the gains you have made from the this strategy you are advising people to implement dude.

BITHUG

newbie

Activity: 28

Merit: 0

No skills are required in this strategy, just enter trade and leave. Let the market decide, because you are live in both directions. Also you can try with small amounts.

Thanks for the reply.

heisenbergkripto

newbie

Activity: 1

Merit: 0

ok

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

That will be good only if you have skills in watching the price moves. But I don't think that every trader can do that as we don't have the same skills as you. Besides that, you are using 1 bitcoin which can give you a big option to make the profit, and I don't think that it will be the same if we are using less than 0.1 btc because the amount of the profit will be different too.
But your strategy is worth to try, and you set a good price to exit the market.

BITHUG

newbie

Activity: 28

Merit: 0

I choose bitmex because it will not directly affect the price of bitcoin, whether you go long or short. I do not used bots on bitmex. Also it provides great leverage and a reputed site too. Do not worry about my wallet balance it is none of your business. Those who realize the real potential of this strategy will do.

Thanks for the reply.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: Baofeng on April 07, 2019, 06:16:25 AM

Quote from: BITHUG on April 07, 2019, 04:23:51 AM

Yes i have traded with real btc. Losing trade is adjusted with winning profit.

Thanks for the comment.

Of course you do. As follow up to @Bitinity question, how much did you lose or gain using this strategy? Why did you choose Bitmex over all other exchanges? You trading using bots? I'm assuming you do in manually, what time of the day you usually short? I check the donation address, still empty Grin

.

Bitmex would be the best platform for this strategy even on common exchanges too.I dont really like on someone who do really give out some btc address for possible tips just because of the strategy
had been shared up.
I would say this would work but if the market moves sideways then expect for a waiting game.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: BITHUG on April 07, 2019, 04:23:51 AM

Yes i have traded with real btc. Losing trade is adjusted with winning profit.

Thanks for the comment.

Of course you do. As follow up to @Bitinity question, how much did you lose or gain using this strategy? Why did you choose Bitmex over all other exchanges? You trading using bots? I'm assuming you do in manually, what time of the day you usually short? I check the donation address, still empty Grin

.

BITHUG

newbie

Activity: 28

Merit: 0

Yes i have traded with real btc. Losing trade is adjusted with winning profit.

Thanks for the comment.

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!!! (Read 584 times)