Do you trade altcoins during the bull run or just hodl? - page 11.

Blitzboy

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Quote from: Xal0lex on June 13, 2023, 06:39:39 AM

Quote from: justdimin on June 03, 2023, 07:33:20 AM

Next year is your first bull run? You sound too confident there and it looks like you know what can happen in the future. I think you can say this because everyone is feeling positive about the Bitcoin halving event, that it will pump the whole market. I'm not being negative about it but there is also a possibility that a bull run will happen earlier. It could be on this year, who knows?

Or it won't happen at all in the next few years. Many people are confident that a bull market will happen very soon, this year or next year. No one is trying to prepare for negative scenarios that are just as likely to happen in the next 2 or 3 years. Right now it could be that the market is at the very beginning of a global collapse, where a historical bullish cycle is replaced by a prolonged correction that could last for very many years. There are too many positive people in cryptocurrency, and the market, as you know, always plays against the crowd. You have to be prepared for that.

Are we clinging to the halving, relishing in unjustified optimism? Likely! Crypto thrives on its tempestuous character.

But ask yourself. Are we victims of pessimism, fearing a global downfall? Or is this just a market self-correction, a bull rally breather?

Indeed, the market often defies the herd. But, strategic investments and diligent studies often bear dividends. We should prepare for downturns. But isnt it also essential to keep hope and exploit market opportunities?

To excel in the crypto universe, uncertainty must be our ally. After all, isnt it the volatility that makes Bitcoin so attractive?

VFalcon

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Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Participating in a bull run can be an exciting and potentially lucrative experience. However, it is important to approach it with caution and consider various factors before making any investment decisions. Personally, my opinion is to hold tokens to a profitable price, although it is not always profitable, it requires less effort than constant trading. I'm currently sticking to this strategy with BNB, NEAR and TFS, because I expect a good upside from these tokens in the future.

Xal0lex

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Quote from: justdimin on June 03, 2023, 07:33:20 AM

Next year is your first bull run? You sound too confident there and it looks like you know what can happen in the future. I think you can say this because everyone is feeling positive about the Bitcoin halving event, that it will pump the whole market. I'm not being negative about it but there is also a possibility that a bull run will happen earlier. It could be on this year, who knows?

Or it won't happen at all in the next few years. Many people are confident that a bull market will happen very soon, this year or next year. No one is trying to prepare for negative scenarios that are just as likely to happen in the next 2 or 3 years. Right now it could be that the market is at the very beginning of a global collapse, where a historical bullish cycle is replaced by a prolonged correction that could last for very many years. There are too many positive people in cryptocurrency, and the market, as you know, always plays against the crowd. You have to be prepared for that.

Silberman

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Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Since this is going to be your first bull run then it makes sense to take a more conservative approach in order to reduce the potential losses you could get, now I know that this can also limit your profits, but I think that in your case this is an acceptable trade-off, however if you want you can engage in altcoin trading, but if you do so then you need to restrain yourself and only trade solid coins like ethereum and avoid taking the risk of trading shitcoins.

killerfrost

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Altcoins trading during a bull period creates more opportunities to increase income. However, this is a risky decision and needs to be thoroughly evaluated before making. If you are new to cryptocurrency trading or markets, hodl might be a better choice to keep your funds safe. Another way is that you can allocate part of your funds to trade and the rest to hodl to minimize risk. And I think if there is a target for the next bull run, it will be more comfortable to invest than to chase a quick profit, the altcoin environment has a lot of potential in the future and you absolutely have it. can believe big profit target. It is important that you make case by case decisions based on specific market situations.

poodle63

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Quote from: icalical on June 05, 2023, 09:29:39 AM

I usually just trade as usual doesn't matter whether it's Bull or Bear, even I will trade more frequent when it's a bull run, since it's easier to make profit.

Yeah, we have so many option like doing future or perp trade. Only sitting and watching market to move up and down will not give us money. I prefer to trade it rather than try only sitting and watching the market.

It will be far better if we are always doing trade for our assets. We can make money from there.

bittick

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the most logical think you would've done in the bullrun are definitely liquidating all your assets at the peak of its price and then just wait for the other opportunity that will arise
in the future.
holding at bullrun is like the most silly idea ever whats the point of holding if you just gonna hold it for eternity.

deean_3one

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Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Until now I have only held and waited for the price I targeted to be met. While looking at the news circulating, approximately this Altcoin will reach what stage. I will consider the price with the target I want to achieve. When I got it, I immediately sold and went back to wait for the price to drop to re-invest. One thing I remember is controlling yourself when prices are going up. Being greedy and always wanting to earn more will only harm yourself.

eightdots

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Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

This situation may differ. In other words, I keep some altcoins and exchange some of them because I don't think they will go any further. The best thing can be like this, set a target price for an altcoin you buy and sell it when it reaches that price. If it exceeds that price, don't think too much. Continue from another altcoin. So have a target and sell your coin when the price reaches that target. There is no end to waiting or getting coins. We can always buy and sell. Do not limit yourself when investing. Boundaries can be wrong sometimes. Decide your own strategy.

merekamo

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Quote from: Taskford on May 25, 2023, 11:07:23 AM

Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

For altcoin yes. To many good coins to trade since market is going into good position so best to have altcoins and trade it since by this time we may got huge potential to gain. After the effect of bull run for sure all of it will be dump knowing many want to secure their profits. Only bitcoin is the best coin to hold since bitcoin has a big potential to reach a new ATH especially when halving takes effect and hype is starting to build up.

I agree with the answer you provided. During a bull run, trading altcoins can be profitable as they tend to pump alongside Bitcoin. This presents an opportunity to potentially earn more by actively trading them. Yeah, it's essential to keep in mind that the market can be volatile and trading altcoins comes with risks, especially when the bull run ends, and a correction or bear market begins. Remember that, if you holding Bitcoin can be a more conservative approach, as it has historically shown a tendency to reach new all-time highs, particularly after halving events. Bitcoin is often considered a long-term investment and can be less risky compared to altcoins.

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Quote from: icalical on June 05, 2023, 09:29:39 AM

I usually just trade as usual doesn't matter whether it's Bull or Bear, even I will trade more frequent when it's a bull run, since it's easier to make profit.

In the bull market you can sell for profit only if you already bought at the bear market, which mean that in order to be able to profit you need both sides and not just one. If you are not giving importance to the bear market you will be missing out the buying chances.

Then again everyone has the habit to see the good times. This is compareable to watching the bull market and not the bear market. Traders should strive to take advantage of both times because each have their own importance.

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Quote from: abel1337 on June 05, 2023, 08:37:37 AM

Quote from: bittick on June 05, 2023, 08:19:42 AM

during the bullruns price swing was so rampant, i think trading will brings more disadvantage than the advantage since the price swing alone could make you lose more than half of your capital.
so the most logic decision should be waiting until the market normalize, and if we hold some coins that rise in value, just dump it to wait for another bearish.

Well it depends on how good you are in trading. There are traders who really make a lot of money on their trades during bull market since every tokens goes up. As long as you know what kind of token you are trading it will go up. I think it's also easier to trade during bull market since it's easy to predict where tokens are headed, it's according to my experience last bull market.

Based on my experience, it was easy to make a profit when trading during the bull season compared to when trading during the bear season. In fact, some traders become a holder during the bear season which means that they know it is tough to make money during that time unlike when the price is going high. Might it drop but we know it rises back high again after a few hours. The bull season is somewhat called Trading season also. And to notice that there is a huge trade due to many traders coming back and do back their job.

Lamkuthang

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To hold for sure if you have a number of reserve funds, of course. but, for now the pattern that I use is just a short pattern. counting to increase the number of coins I have invested. The pattern that I use is the same, in general, place a bid at a low price, get hit and then buy at a high price at that time. wait 4 hours or 2 days and then I do it over and over again without forgetting to check the market info along with issues that are currently developing.

icalical

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I usually just trade as usual doesn't matter whether it's Bull or Bear, even I will trade more frequent when it's a bull run, since it's easier to make profit.

abel1337

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Quote from: bittick on June 05, 2023, 08:19:42 AM

during the bullruns price swing was so rampant, i think trading will brings more disadvantage than the advantage since the price swing alone could make you lose more than half of your capital.
so the most logic decision should be waiting until the market normalize, and if we hold some coins that rise in value, just dump it to wait for another bearish.

Well it depends on how good you are in trading. There are traders who really make a lot of money on their trades during bull market since every tokens goes up. As long as you know what kind of token you are trading it will go up. I think it's also easier to trade during bull market since it's easy to predict where tokens are headed, it's according to my experience last bull market. Doing futures on the bull market is the risk that I can see based on your statement since candles are agressive during bull market, there are times that your leverage can't hold the straight dip or pump.

bittick

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during the bullruns price swing was so rampant, i think trading will brings more disadvantage than the advantage since the price swing alone could make you lose more than half of your capital.
so the most logic decision should be waiting until the market normalize, and if we hold some coins that rise in value, just dump it to wait for another bearish.

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Quote from: gabbie2010 on June 03, 2023, 08:16:10 AM

Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Your best bets as a newbie is buy and accumulate before the bull run arrive, however trading altcoin during the bull run is not a guarantee that you will earn good profits because some altcoin might not trend bullish as expected like Bitcoin, a newbie might probably trade a wrong altcoin that is not pumping well thus a 50:50 chance of earning some reasonable profit, personally I will start researching for potential altcoins that would guarantee a massive profit when the bull run arrived and continue with learning of trading altcoins apart from my base BTCUSD that I usually traded because there are plenty available altcoins in crypto market which makes it selection very difficult.

Not all alt coins will pump so better to do your research before you take your step in picking your asset, but like you, better to start collecting BTC
knowing or expecting that Bullrun will pump the value high.

Though with good research you might also locate the best alt/s to invest and make some decent benefits, it's always good to have your target.

Most of the time, being greedy will let you lose your investment, with good set amount the chance of making money is possible during bull season.

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Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Your best best as a newbie is buy and accumulate before the bull run arrive, however trading altcoin during the bull run is not a guarantee that you will earn good profits because some altcoin might not trend bullish as expected like Bitcoin, a newbie might probably trade a wrong altcoin that is not pumping well thus a 50:50 chance of earning some reasonable profit, personally I will start researching for potential altcoins that would guarantee a massive profit when the bull run arrived and continue with learning of trading altcoins apart from my base BTCUSD that I usually traded because there are plenty available altcoins in crypto market which makes it selection very difficult.

justdimin

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Quote from: JamesDaniel90 on May 25, 2023, 10:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Next year is your first bull run? You sound too confident there and it looks like you know what can happen in the future. I think you can say this because everyone is feeling positive about the Bitcoin halving event, that it will pump the whole market. I'm not being negative about it but there is also a possibility that a bull run will happen earlier. It could be on this year, who knows?

There is also a chance for it to be delayed but it does not really matter as long as you can be able to wait, you are for sure going to be compensated. It's up to you actually if you will wait or you can sell early if you badly needed some funds. For me I think ill wait for a while.

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If you hold altcoins that were bought for a long-term hold, then you should not sell them, regardless of where the market is moving. But if you know how to trade and know the levels at which you need to sell and then buy at a lower price, then you should use these skills to increase the profit or the number of coins in your portfolio.

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