Topic: Do I need to Trade My Coin - page 3. (Read 467 times)

Disposal? Do you mean trash bin?

You misunderstood about value of a coin. A coin has two things: price on the market and its value that can be lower or higher than its market price, we call it as intrinsic value of a coin. The intrinsic value comes from its utility and it depends on founders, developers of that coin as well as supply and demand, adoption of the coin. It is not depended on you as you can not increase the coin value by yourself.

What you meant is increasing total number of coin you have by trading, not increasing its value. If you successfully increase total number of coin in your portfolio, the portfolio value will increase, but not the coin value.

Yeah, your point is right, and appreciate what all the members want to tell the newbie but glad to see that a newbie it self saying this, I am saying this because a newbie started a thread and asking why they are discouraged from not going to trading. But here may be got his answer. The only priority of this forum members is to guide the new ones from scams and bad strategies which may lose the money that they earn by hard means. As you guys grow you will know better about how to trade and which strategy is best at which time but for now you guys need to use the hilding strategy as it's the simple one buy-in dump and sell in a bull market and trust me this will give more returns from other at this stage.

Trading can work when done correctly, but most people are simply incapable. Most people are really better off increasing their holdings by simply getting a job, getting gigs, or starting a business. Definitely no guarantees on making money in these things as well but success rates are definitely higher than with trading.

I just went through what 1miau wrote and it's very nice, but you don't use the same approach in all situations especially if you are well-experienced in trading and investment. For me who is experienced, I can't expect myself hodling alone without trading, it will even be boring to me.

Of course, what I do is plan on the total crypto asset. I often commit just between 20-25% of my crypto assets to trading, while the huge rest are being held securely elsewhere.

If one is knowledgeable trading is one of the best methods to increase one's Bitcoin and establish a stronger position.  But sadly trading isn't just any activity that can be done and overcome easily.  This kind of activity requires intensive testing and research in order to have a better performance in trading.


Holding is the easiest path to profit if we are talking about Bitcoin, but trading, even though a rough road can exponentially increase one's profit when he decides to exit the market and sell his holdings for a profit.  By taking advantage of the volatility, buying at a low price and selling at a higher price, can double to triple the Bitcoin holdings over the period of time by rinsing and repeating the process.  But the problem lies in the timing and the possible unexpected opposite direction of prices which can cause losses.

This is the reason why many of the members here remind us that trading is not for people who are new to the industry (newbie).

Making money from crypto has never been easy. You have to trade with caution since crypto investments are always risky. Because it's not like a real-life real estate business. In crypto, there is a risk of making money too fast and losing money too fast. I have never used any trading bots yet for trading purposes. Nor do I have any mentors. I just use my brain and experience during trading. Most of the time, I follow the market trend and make some money. Everyone should have different strategies to make money. We build our experience from time to time.

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

Not all altcoins  are trash (event majority of them are trash), although many believe that they are centralized due to the fact that there is a main actor known to be actively participating in the decisions of the development, unlike Bitcoin where the founder were no where to find.

I agree that Bitcoin is the most liquid among the cryptocurrency, but there are also some altcoins that is worth holding.  One just need to study and know which of these altcoins is worth investing and not just blindly pick one and spend their money away only to find out that the project is a scam.

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Everyone can learn by themselves but having a mentor to explain everything that is necessary in investment speed up the process.  If the mentor is sincere and does not only look for personal gain, then I can say, two heads is better than one, since he can discuss his plans and ask questions if he is in doubt to his more knowledgeable mentor.

Bitcoin is a cryptocurrency but not all cryptocurrencies are bitcoin. I hope that phrase makes sense because you’re using the words “bitcoin” and “coins” loosely. Hodling is a strategy that works best for Bitcoin and may not have the same result when the same is done for altcoins. The value of altcoins is determined by the credibility of the project, the utility of the project and community interest. These factors determine the supply and demand of altcoins, coupled with the historical backing that shows most altcoins are scams and end up as dead project, it is highly risky to hodl altcoins for long term.

I think you are using the world 'cryptocurrency ' and ' coin" vaguely. If you want to encourage people to hold their Bitcoin, it is necessary you put it explicitly because many people use Cryptocurrency to confuse others into buying shitcoin.

If you have been around this space for a while, you will agree with me that a lot of people have suffered various degrees of pain as a result of buying over-hyped shitcoins. It will be totally bad to categorise Bitcoin with those worthless garbages as "coins" or "cryptocurrency".  A clear distinction is very juch imperative.

First of all op let me start by saying this , Bitcoin is not like other shit coins which can dip exponentially any time.
Secondly trading is not a must in the crypto space especially when it comes to Bitcoin.Hodling in most cases is usually the best alternative as it does no require you to understand much of crypto economics as long as your keys and funds are safe you can hodl as long as you wish and possibly sell at bull.
  it would be better if you used the term HODLING as it is more unique to refer to keeping Bitcoins in your wallet.here is a link that will give you an insight of how hodl became unique to Bitcoin
https://bitcointalksearch.org/topic/m.4022997

Well, your points are great and I think it will ne best fit in the trading discussion board and I don't think k you're new to the space judging from your post but since you're new here, I want to say a big welcome to you and one thing you should look out for is that in the forum, you'll unlearn,  learn and also relearn and this is because learning never ends and its very evident in the forum.
Nothing is guaranteed in trading and cryptocurrency in general and that's why it is always preached and advisable to only invest what you can afford to lose.
Real crypto investor aren't in a haste to sell irrespective of the opportunities that comes, they always believe the future holds more better opportunities.

Altcoins should be avoided totally if you're diversifying.

Diversification works if you are not using closely correlated assets, and every coins/token in the crypto market follows very similar market charts. If you want to really diversify then look to other industries like real estate, precious stones, stocks/bonds.

No one needs a coach or mentor to get into crypto investment, you just need to know how to do your research.

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.