Do I need to Trade My Coin | Bitcointalksearch.org

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

...Please do well to add to this discussion.

Almost all newbie ignore Bitcoin hodling, preferring altcoin trading to it. And this is easily explained by the fact that a newbie wants to earn a lot of money quickly. But the consequence of this is completely the opposite result - a newbie quickly loses his money.

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Do you have meaningful amount of Cryptocurrency at your disposal or you are thinking of increasing the value of your Coin. Let me first of all say never be in a hurry to multiply or increase your coin. The crypto market is highly volatile and you can lost everything you have.

To answer the question do I need to trade my coin ? NO and YES

No, If you don't have trading knowledge.
To add to the above point If you are a newbie please stay away from Bot until you are sure of the product and you know how its functions. Although Market dynamics changes and can affect all operations. Nothing is too sure.

Yes, If you have the knowledge to trade and you are willing to take the risk. Also, you need to have good strategy so as to be profitable.

Trading requires Fundamental and Technical analysis. To be a market participant do well to equip yourself with the rightful knowledge.

To increase the value of your cryptocurrency

The value of your coin can increase when you buy at a low prize and keep it for a particular period of time to sell at a higher prize. Please be patient with the process and have a firm believe. It is called Holding.

Diversification of your portfolio can also be of great advantage to increase your coin but please beware of Alt Coins.

Stay informed about market news, trends and happenings it will give you an edge.

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

Please do well to add to this discussion.

If you men selling your coins, I mean there is no point to that if you have a long-term strategy for sure you should just hold your cryptocurrency until it makes a fair profit, in my opinion, it is great to wait for the Bullrun and sell at the top if you can but it still great to sell as long as you are already making a good amount of profit on it, because for sure no one can really predict the top of the market even though we have hopes and we believed that the price is going to skyrocket in the future, it is still not a guaranteed thing so always remember to take profit if you have a good opportunity to do it.

It for sure a difficult thing to hold your cryptocurrency, when I was just getting started in cryptocurrency I had enough knowledge and know that I know hold my cryptocurrency and Bitcoin but still sometimes I ended up selling it at a loss and wrong market price just because I really want and needed some money at that times for my wants, so it not really all about knowledge or having the discipline also having a financial foundation first before even starting to invest, because if your already investing without even having the financial foundation your for sure going to easily get FUD in the market.

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Do you have meaningful amount of Cryptocurrency at your disposal or you are thinking of increasing the value of your Coin. Let me first of all say never be in a hurry to multiply or increase your coin. The crypto market is highly volatile and you can lost everything you have.

Even the person has enough coins now, this is not the time to sell but to hodle because everyone is planning to sell at the time of the next bull and not at this bear market. If someone has enough bitcoin and sell it now and when the bull comes, and there is nothing for him or her to sell, then who loss? So the best approach right now is to hodle till we see the bull market.

Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

To answer the question do I need to trade my coin ? NO and YES

No, If you don't have trading knowledge.
To add to the above point If you are a newbie please stay away from Bot until you are sure of the product and you know how its functions. Although Market dynamics changes and can affect all operations. Nothing is too sure.

I agreed with you but if the person has the coins already then there he can invest with it since he is not knowledgeable to trade with it.

Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Yes, If you have the knowledge to trade and you are willing to take the risk. Also, you need to have good strategy so as to be profitable.

Trading requires Fundamental and Technical analysis. To be a market participant do well to equip yourself with the rightful knowledge.

To increase the value of your cryptocurrency

The value of your coin can increase when you buy at a low prize and keep it for a particular period of time to sell at a higher prize. Please be patient with the process and have a firm believe. It is called Holding.

Diversification of your portfolio can also be of great advantage to increase your coin but please beware of Alt Coins.

Stay informed about market news, trends and happenings it will give you an edge.

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

Please do well to add to this discussion.

My brother trading is not something one understand one day and start. I learnt trading in one week time and thinking that I have learned and went straight to trading with $200, eh!! I lost everything in just 5 minutes interval and my eyes clear.

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Do you have meaningful amount of Cryptocurrency at your disposal or you are thinking of increasing the value of your Coin. Let me first of all say never be in a hurry to multiply or increase your coin. The crypto market is highly volatile and you can lost everything you have.

Greed and not having knowledge about the coins you want to invest in will cause problems because price fluctuations will lead someone to a stage of excessive panic and ultimately make the wrong decision. Bitcoin is much more promising and all you need to do is be calm and not panic when a sharp decline occurs because at a certain time it will find a gradual recovery process.

Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Cryptocurrency investment is risky so you may need a coach or Mentor and if you cannot afford always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topic that can be useful to your growth and development.

Without risk you will not produce anything in the investment space and what you need to think about is not the risk but how to minimize it. That's why choosing bitcoin is much more rational and even though it has a large level of fluctuation you can apply certain strategies and most importantly the fundamentals contained in bitcoin can bring the price to find a recovery level and ATH will run properly after finding a cycle as usual.

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Trading requires Fundamental and Technical analysis. To be a market participant do well to equip yourself with the rightful knowledge.

A beginner should not even consider beginning their trading career without sufficient knowledge of the subject because trading requires sufficient money, practice, and essential technical expertise. It is preferable for a biginner to keep his coins rather than trade them, because a person will not jump into something he does not have a concept of or comprehend how it works. What will he thinks would be the eventual result? Investing in Bitcoin is not a simple task.

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Bitcoin can be traded in many ways. Bitcoin tradin has to do with buying and selling of Bitcoin through a cryptocurency exchange platform, also by deriving financial means such as contracts for difference which has become a common way to trade in bitcoin has it gives a better freedom.
Trading through financial means helps traders to trade through a direction of market movement over a short term period and allow you to negotiate on price change without having any underlying coin.
Before trading Bitcoin, you need to be properly equipped with useful information about trading Bitcoin, it is also important to know the risk,the rules and regulations that might affect your decision when and after trading.

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Each method whether HODL or Trading works, but it depends on the person, or even some people can do both. For anyone who already understand the method of trading, chart and candle movement, and they have a lot of spare time to watch the market, trading would be the best way to grow their portfolio instead of just hodling, while for people who have less spare time, trading wouldn't be ideal, every minutes matter in trading, hodling is the best option for those type of people.

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Quote from: Adams0001 on October 07, 2023, 05:47:55 PM

investment reduces your risk because you can never lose all your money you invest.

Tell that to those who invested in Terra and are still waiting for a return on their investment. But seriously, I understand what you wanted to say.

Investing isn't for everyone. You first need to get your life together and have some savings that you don't need for anything essential. After that, you can start thinking of investments. But many people get it wrong, and you can often see questions like I have no money, how can I invest or trade bitcoin to make a profit? Invest what? Your blood, kidneys...? Just because your favorite YouTuber does it, doesn't mean you should.

You can apply the same lack of reasoning to other things. Like people asking what's the best way to gamble for those who have no money or getting your girlfriend pregnant and then going I guess I should start looking for a job. Roll Eyes

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Quote

Do you have meaningful amount of Cryptocurrency at your disposal or you are thinking of increasing the value of your Coin. Let me first of all say never be in a hurry to multiply or increase your coin. The crypto market is highly volatile and you can lost everything you have.

You are dissuading newbies to not invest is better you said invest what you can afford to lose, everyone knows bitcoin is volatile and that makes the market good because if the bitcoin did not increase or decrease the market will not go well, if you don't have enough money to invest you will target the price should come down so that you can buy it and keep it for long term and get huge profit, because if the price decrease in will raise for some days again that is why is the best investment.

Quote

Trading requires Fundamental and Technical analysis. To be a market participant do well to equip yourself with the rightful knowledge.

Exactly, you need to gain experience in trading and better knowledge in trading because without knowledge, you will lose your money at any time because trading is a major risky, I can't advise newbies to start trading because trading is more risky than investment but it is good to take big risk and get huge profit, investment reduces your risk because you can never lose all your money you invest.

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There's nothing wrong with increasing your own as long as it is Bitcoin that you are increasing but for altcoins, I won't recommend increasing it in a hurry and would likely not to hold it much longer. It's not necessarily to have a mentor since mentor will always leave something that you haven't learned yet or have not known yet or in short, mentors won't teach you everything they know. You can learn by yourself online and ask some questions or opinions from others.

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Quote from: Salahmu on October 07, 2023, 09:35:47 AM

Quote from: Forever101 on October 07, 2023, 04:57:53 AM

We should be careful with the way we mention trading stuff for someone who does not even have the complete knowledge of bitcoins. Do you really think investing in bitcoins is as easy as that, more knowledge is required to keep ones mind in shape. There are newbie who does not yet understand the difference between Bitcoin and shitcoin and many more terms in the crypto space.

Trading is very complex and we shouldn't advise Bigginers who has zero knowledge about trading to venture into it because unlike holding were your coins are save but in trading there is every possibility that one can loses everything while trading, but I'm not disputing the facts that many people has greatly profited through trading but that's for only experience traders who understand the basis, advance, fundamental and technical analysis of the Bitcoin market because there are so many forces and concept in the Bitcoin price movement and chart that require an experience trading to understand, so as a beginners who doesn't really understand anything about trading shouldn't even think about trading on less you are knowledgeable enough because one thing is to trade and another thing is having the mind to bare the risk involves.

Sometimes, what really gives this beginner's mind to even try out trading might be because of the numerous profit storylines of many other traders out there who successfully use trading to gather some tangible profits for themselves and the thing is that they actually make it, sounds so simple that, even, get some of these beginner's tripping and wanting to try out this trading because in that moment their mind will be filled with the mentally to make easy money.

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

The value of your coin can increase when you buy at a low prize and keep it for a particular period of time to sell at a higher prize. Please be patient with the process and have a firm believe. It is called Holding.

In my opinion, what you mean by coach or mentor is a leader who can educate the public about investment in Bitcoin. If I have not misunderstood, I agree with your words. Because investing in Bitcoin without knowledge is similar to driving a blind person. Investing in Bitcoin requires proper knowledge that teaches you to enter or exist at a perfect time from a long-term perspective. And at the same time, if you are familiar with technical and fundamental analysis, then you can go for a Bitcoin investment, which can be helpful in making a profit.

Quote

Cryptocurrency investment is risky, so you may need a coach or mentor and if you cannot afford, always read the valuable content posted on BTC and Cryptocurrency in this community as there are many topics that can be useful to your growth and development.

If we look at Bitcoin, it meets the criteria for a holder. Meaning, for long-term holding, you should hold the coins that are not pieces of shit and do not have pump-dump qualities, meaning that the price rises in the long term at a consistent level. And everyone knows that it is Bitcoin that is going to rise in the long term.

So that means choosing only Bitcoin for your holding strategy. Pick up altcoins for short-term profit because there are many altcoins that were at their peak in the 2017 bull run, but when the bear cycle started, they grew at a very low price. People have high expectations, but they will reach their peak in the same way. But when the bull run of 2021 came, the name of these coins was not among the top coins. Therefore, only Bitcoin is reliable for holding beside Altcoin for a short time to gain profit.

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Quote from: Forever101 on October 07, 2023, 04:57:53 AM

We should be careful with the way we mention trading stuff for someone who does not even have the complete knowledge of bitcoins. Do you really think investing in bitcoins is as easy as that, more knowledge is required to keep ones mind in shape. There are newbie who does not yet understand the difference between Bitcoin and shitcoin and many more terms in the crypto space.

Trading is very complex and we shouldn't advise Bigginers who has zero knowledge about trading to venture into it because unlike holding were your coins are save but in trading there is every possibility that one can loses everything while trading, but I'm not disputing the facts that many people has greatly profited through trading but that's for only experience traders who understand the basis, advance, fundamental and technical analysis of the Bitcoin market because there are so many forces and concept in the Bitcoin price movement and chart that require an experience trading to understand, so as a beginners who doesn't really understand anything about trading shouldn't even think about trading on less you are knowledgeable enough because one thing is to trade and another thing is having the mind to bare the risk involves.

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Quote from: Fiatless on October 05, 2023, 06:01:19 AM

Bitcoin is dependable more than altcoins. So it is not a bit of good advice to hold any coin that is not bitcoin for a long time. Most traders take advantage of the short pump of altcoins to make profit. The best coin to hodl is Bitcoin.

The last bull run was my first bull run. I was aware of Bitcoin in 2017 too, but I did not try to hold any Bitcoin or try to purchase Bitcoin. But, the last bull run was memorable for me. I was holding Bitcoin and bought some altcoins too, hoping that those coins will give me high ROI. It's important to know when to exit the market. I was still holding when Bitcoin touched the ATH and I thought I hold more.

I did not sell anything and did not take profit from the market. I thought it will pump further which is why I was holding them. I did not realize that the market won't go up always. There will be correction. I lost a couple of thousand dollars in altcoins and Bitcoin too because I sold them at the lowest price. I started learning then but it cost me a lot already.

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We should be careful with the way we mention trading stuff for someone who does not even have the complete knowledge of bitcoins. Do you really think investing in bitcoins is as easy as that, more knowledge is required to keep ones mind in shape. There are newbie who does not yet understand the difference between Bitcoin and shitcoin and many more terms in the crypto space. Concentrating their attention to making profit can actually make them run into scammers.

Bitcoins is not as you have descirbed it, it is not possible to loose all in bitcoins, as we experience the bearish market, we also experience the bullish market. Say it is the responsibility of new investor to do their own research so that they will know when come in and when to take profit

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Newbies have this wrong idea in their heads that they must trade to increase their bitcoin holdings as there is no other way. It's not safe and it's unprofitable for many but they don't want to admit it. Anyone can buy bitcoin with minimal PC knowledge and minimum training. After that, it's all about holding it if your ultimate goal is to sell it for more money than you invested.

If the value appreciates, buy something with it that you wanted or exit and go back to fiat. Don't experiment with weird coins you know nothing about.
You will get afraid seeing a downtrend and sell at a loss. You will lose a few percentages unnecessarily by depositing and withdrawing to/from exchanges due to the various fees. And if you try to bypass that by storing the coins in the exchange, then you are making an even bigger mistake when it comes to storing crypto.

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Quote from: RioBlemz on October 03, 2023, 02:34:06 PM

Trading requires Fundamental and Technical analysis. To be a market participant do well to equip yourself with the rightful knowledge.

To increase the value of your cryptocurrency

To become a trader is bother easy.
it's easy, the simple thing is we just take a buy/sell position, then take profit or loss, it's hard, even though it looks simple, if you study it, it will be very broad, starting from technical analysis to fundamentals, you don't have to be sensitive to existing issues.

Of all the theoretical bases above, for me the most difficult thing is how we control ourselves, including consistency and money management, until we form a trader's mindset that suits our personality.

To click buy/sell is an easy thing, but what must be thought and done before clicking buy/sell, up to clicking take profit/loss, even after, the complexity depends on us, plus to what extent we can maintain consistency and discipline is not a easy thing.

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No.
You don't need to trade your coin to have it increase in value.... You can easily buy and store your coins (BTC) in non-custodial wallets...The value increases spontaneously, along side with the current market price - This process is called "HODLing" ... Now, in as much as the market has a positive impact on the value of your coin, it'd definitely have a negative or retarding impact too.

do well to also store up your keys privately in your treasury - your keys are your coins, never let 'em out!!

Sandra 🧑‍🦰

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Yeah, related topics have been discussed, and it's good to keep reminding newbies, particularly, that trading is not something to be rushed into without knowing the basics of trading, as trading is more risky than only investing and holding one's crypto asset in their own custodial wallet. Some people go into trading with no knowledge about it, and they end up seeing trading as gambling (a thing of luck), but trading is far beyond the gambling that most people think it to be. Some people say gambling requires a good skill in order to win, which I greatly doubt is true because no matter how skilled you are in gambling, you cannot determine if you will win or not. But as an experienced and professional trader, you should know when is the appropriate time to enter the buy option and when to use the sell option, and also how to combine all the trading tools in order to easily predict the market movement.

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Quote from: Hatchy on October 03, 2023, 04:06:46 PM

I decided to drop this image from one of 1miau thread Trade vs. HODL - avoid traps it explains fully why you should avoide trading and consider HODLING you're Bitcoins

The illustration is good example. But it's not that easy to hold how it looks like. You need the most precious thing to hold your coins which is patience. The problem is everyone do not have this precious thing. I tried to hold my coins a couple of tomes. But I always end up gambling them, or selling them for some special needs. At some point, I was disappointed at myself because every time I plan to hold my bitcoin, I end up spending them. So, I started searching for a feature where I can lock my bitcoin for a specific time so I don't spend them. The solution was coinb.in timelock system. I have tried it and it's still works. So, if someone is impatient like me, I suggest them to use these service.

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