Hold than trade. Just don't use leverage, futures. - page 2.

TimeTeller

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Quote from: Ben Barubal on January 12, 2024, 03:48:18 PM

Using leverage and futures trading in this situation is not a good thing to do if you know that you lack knowledge and that your knowledge is not enough. Actually, it's not bad to do this method as long as it won't be complicated for you and you're sure that you can eat it. It's fine.

Although it cannot be denied that the level of risk is really quite high when you use these tools, because if it is not profitable, I hope no one does this method, which means that this method is effective, if it is long-term and you are an investor, hold on for now. That's what you should do for now.

As a lot of newcomers are aiming to get rich quick, they have the notion going into futures or leverage, will give them high profits.
However, it is too late when they realized that their position is already liquidated and nothing had left on their funds.
They need to learn their lessons in expensive way before they realized their mistakes but that would give them a different perception on this market.
This there's more than meets the eyes in this area of investment.

Ben Barubal

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Using leverage and futures trading in this situation is not a good thing to do if you know that you lack knowledge and that your knowledge is not enough. Actually, it's not bad to do this method as long as it won't be complicated for you and you're sure that you can eat it. It's fine.

Although it cannot be denied that the level of risk is really quite high when you use these tools, because if it is not profitable, I hope no one does this method, which means that this method is effective, if it is long-term and you are an investor, hold on for now. That's what you should do for now.

Vaculin

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Winding down.

Quote from: GreatArkansas on January 10, 2024, 06:09:38 PM

When you realized everything happened was staged and planned Cheesy

I don't believe that they were hacked at all. For sure, they did that so they would able to buy more cheap Bitcoins before announcing a legit approval of ETF.
After ETF was approved, we didn't see any huge pump compared to before, it seems people already knew. It's kinda buy the news, sell the rumors.

This is probably happening now as bitcoin price has dropped instead rather than seeing it surging high. However, it's not bad as it is since it widely opens a new opportunity for beginners and long term hodlers to buy and hold more in preparation for the upcoming bitcoin halving. So I guess the whole scene even if we would like to believe that its staged and planned, at least there are still advantages that we can gain from it, we just have to look at the brighter side.

Ryu_Ar1

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Quote from: BlackBoss_ on January 09, 2024, 09:06:43 PM

SEC. made a big hoax hours ago. You and your account are well now with conditions that you did not use leverage or futures in trading.

Therefore many people do not really recommend trading especially for those who are not really able to do it well or for those beginners because in the end it is like torturing yourself if you force yourself to trade.

But on the other hand things like this also depends on your capacity about whether you are ready or not in risk management because as long as you are able and willing to accept any form of risk that occurs then it doesn't matter if you really want to trade just don't let you waver and feel that something like this is a scam especially when after seeing what the SEC did before which maybe there could even be some people who were affected by the fraud that was done so as long as you know the risks and are ready to accept things like that then you can still do it but if you are not willing to accept that much risk then it would be better not to do anything in trading and better focus on your future investments

Antotena

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Quote from: BlackBoss_ on January 09, 2024, 09:06:43 PM

SEC. made a big hoax hours ago. You and your account are well now with conditions that you did not use leverage or futures in trading.

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market. It's a big opportunity for people to learn and understand risk of Leverage, Futures trading and if they absorb it well, they can protect their capital better and won't lose money like those people who were Long liquidated or Short liquidated hours ago.

Nobody will tell me otherwise that SEC didn't plan this heinous move. I have so many questions and one of that was "has SEC X account has ever been hack before? I doubt because I search Google and I couldn't see any news about that but it was the day people expected them to announce the ETF they decided to play bitcoin smartness and to say that Gary Gensler was quick to debunk that news under 3 minutes with his own own account, we have been played everyone.

I was watching the CNBC when it was live on YouTube and that guy was just opening his mouth and saying bad things about Bitcoin, if it was another influence person from the Bitcoin community went to CNBC to say bad things about government and the US banks, under 24 hours that news channel will be closed down but they shouldn't worry. The battle line has been drawn.

In everything you do, either a trader or holder, make sure you don't sleep on Bitcoin.

tabas

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Those that don't want to mess up wouldn't trade in futures or leverage, that's a known thing today that if you want to stay calm on this market then it's best to stay holding. Rather than going hand in hand with the market through spot or futures, at least with the spot you've got lesser risk and it won't be as quick as the futures when you're losing. But if you're done with all of these craziness and spontaneity of the market, you don't have to stress yourself and just accumulate, it won't guarantee anything but it's a chiller approach to make profit here.

Cryptomultiplier

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Quote from: fuguebtc on January 12, 2024, 10:10:25 AM

Quote from: Patrol69 on January 12, 2024, 08:42:27 AM

If a trader has a good understanding of the market and if his capital is relatively large then there is no need for him to do futures trading. As we saw a few days ago, the price of ethereum was close to $2K , but within a few days, the price of ethereum went close to $2.7K that is, if a trader spent 2000 dollars on spot trading, he would have made a profit of 700 dollars.

Most of the traders go into futures trading mainly with the hope of extra profit but most of the time they lose their money instead of extra profit so they don't have money to do spot trading at that time. We have to stay where the money is very safe, even if the profit is less. If he can trade regularly in spot trading and if he can trade by understanding the market, he can earn a good amount of money monthly than a future trader.

Indeed, between spot trading and futures trading, I find spot trading brings greater profits and is safer than futures trading . But I don't understand why people like to rush into futures trading and lose everything they have.

In recent months , I noticed that the market is gradually warming up and I also participated in spot trading. Up to now, the profit I have earned has been x2, x3 of the initial capital. Spot trading is both profitable and safe, but why people don't realize that, it's baffling.

We can't stop people from trying a trading style that they think might make them more profit.
Spot trading is quite safer as said, but it is still not protected from high fees and market volatilities.
A trader who has learnt a great deal from losing while trading leverage will be more willing to try using bots and might find it better and profitable.

fuguebtc

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Quote from: Patrol69 on January 12, 2024, 08:42:27 AM

If a trader has a good understanding of the market and if his capital is relatively large then there is no need for him to do futures trading. As we saw a few days ago, the price of ethereum was close to $2K , but within a few days, the price of ethereum went close to $2.7K that is, if a trader spent 2000 dollars on spot trading, he would have made a profit of 700 dollars.

Most of the traders go into futures trading mainly with the hope of extra profit but most of the time they lose their money instead of extra profit so they don't have money to do spot trading at that time. We have to stay where the money is very safe, even if the profit is less. If he can trade regularly in spot trading and if he can trade by understanding the market, he can earn a good amount of money monthly than a future trader.

Indeed, between spot trading and futures trading, I find spot trading brings greater profits and is safer than futures trading . But I don't understand why people like to rush into futures trading and lose everything they have.

In recent months , I noticed that the market is gradually warming up and I also participated in spot trading. Up to now, the profit I have earned has been x2, x3 of the initial capital. Spot trading is both profitable and safe, but why people don't realize that, it's baffling.

Patrol69

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If a trader has a good understanding of the market and if his capital is relatively large then there is no need for him to do futures trading. As we saw a few days ago, the price of ethereum was close to $2K , but within a few days, the price of ethereum went close to $2.7K that is, if a trader spent 2000 dollars on spot trading, he would have made a profit of 700 dollars.

Most of the traders go into futures trading mainly with the hope of extra profit but most of the time they lose their money instead of extra profit so they don't have money to do spot trading at that time. We have to stay where the money is very safe, even if the profit is less. If he can trade regularly in spot trading and if he can trade by understanding the market, he can earn a good amount of money monthly than a future trader.

Dimitri94

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Holding is more profitable than trading for several reasons. Making money from trading is definitely difficult especially for newbies. Especially when the market is bearish, the chances of loss for newbies are high. A trader needs to be aware of various things in order to trade. His recent knowledge of various subjects such as finance, legal and business aspects is to be observed well. But none of this is binding on a Bitcoin holder. Holdings do not have cash flows but a holder can get large sums of money by holding for long periods of time. Futures trading on the other hand is a very risky trading platform for beginners. I myself have lost my assets into futures trade with little knowledge. All things considered I think holding is better. Holding is excellent for experienced, inexperienced new and old alike.

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Trading cryptocurrency especially as futures is very risky due to the volatility and this is something you should always have on your mind before you decide to try crypto trading, another point to note is the place of news and it's effect on the market, if you are not really informed well enough you may suffer good loss when there's a news such as that with sec and the Bitcoin ETF yesterday or better still you avoid the trading aspect and just HODL, if you aren't proficient enough make sure not to be in the market when there's great impact news as this because it can actually get you rich at once and also liquidate you in split seconds.

Trading in cryptocurrency is not advised most times but Hodling is because if you were hodling the news yesterday will definitely be in your favour much more than it would be against you.

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Quote from: BlackBoss_ on January 09, 2024, 09:06:43 PM

SEC. made a big hoax hours ago. You and your account are well now with conditions that you did not use leverage or futures in trading.

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market. It's a big opportunity for people to learn and understand risk of Leverage, Futures trading and if they absorb it well, they can protect their capital better and won't lose money like those people who were Long liquidated or Short liquidated hours ago.

All traders were ecstatic when the announcement was made. The SEC's approval of a spot Bitcoin ETF was expected to send the market soaring from the moment it was announced. Many people who trade using leverage and futures are affected in some way by the market because the market did not move in the direction they expected. Those who are hodlers will still have what they invested, with no loss in bitcoin amount or profit in bitcoin value. This is just a matter of time before the halving and the bull run, which will be beneficial to long-term investors.

Tony116

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Quote from: BlackBoss_ on January 10, 2024, 09:54:09 PM

Will SEC and Gensler be accused because of their news manipulation in court?

I think with the SEC approving the ETF, the SEC and Gensler will not be subject to accusations like previous rumors. Furthermore, social network X has also officially announced that the SEC account has indeed been hacked, so if this act is prosecuted, social network X will inevitably be implicated.
Everyone is happy that the ETF passed, and no one is talking about this manipulation but if the ETF does not pass, I think the SEC and Gensler will be in big trouble.

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Quote

Re: Hold than trade. Just don't use leverage, futures.

This is another reason why I stopped trading already, but the main reason I stopped is because I had huge losses on it already that I don't want to spend another few hundred bucks just to lose in the end again.

Anyway, news like this can happen anytime. A single news can just dump the price down by a few percent like what happened before the SEC hoax where Bitcoin and the whole crypto market just went down for no reason at all. At that time, the price of Bitcoin went down from ~$45,000 to almost ~$40,000 in just a few hours. Yes it went up a few hours after what happened, but imagine how many traders lost their money just because of that single dump that has no reason at all.

That's why I don't want to trade anymore. I don't have spare money anymore, and at the same time, hodling is less stressful than trading. Still f*ck the SEC, and f*ck Gary Gensler for setting the prank on us investors. Cheesy

That pranked cause some traders to lose money for sure.

EarnOnVictor

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Quote from: Jaycoinz on January 10, 2024, 09:15:18 PM

Quote from: GreatArkansas on January 10, 2024, 06:09:38 PM

When you realized everything happened was staged and planned Cheesy

I don't believe that they were hacked at all. For sure, they did that so they would able to buy more cheap Bitcoins before announcing a legit approval of ETF.
After ETF was approved, we didn't see any huge pump compared to before, it seems people already knew. It's kinda buy the news, sell the rumors.

And I thought I was the only one thinking such, this long drama of SEC pending the ETF approval for me was just a mirage as the update was sure to come, it was just a matter of time before everything start and plays out. Unlike last time when the market skyrocket this time like you said had already been played out it and people were much in anticipation but already knew the whatsup already and was just a pending official announcement holding and after that nothing much seeing that the news has already utilized ever since.

Experience traders/investors would have known what would have happened, this is not new, rumours and fake news could at times be more potent than actual news/events. The hype around Bitcoin ETF has already made Bitcoin move about $23,000 upwards even before the news, what does anyone expect further off the coin than this? Fine, the market might still be making efforts to rise even at that, but the effect can't be as strong as many would thought. Bitcoin had even done well by moving that much, you will hardly see any market that will perform like that just because of an expectation. It was because all eyes were on the event and also due to how Bitcoin is structured, these could only explain what happened.

I expected that though, and it is due to the way everything turned out late last year. Going forward, the approval of the ETF would not help Bitcoin much in growing further but the post-halving effect would, it had done what it wanted to do as the market has it priced in already. However, I expect Bitcoin to go up gradually over time, this will be gradual and could be slow but the bullish path will continue since the ETF approval is positive for the coin and the long-term market sentiment remains bullish as well.

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Quote from: GreatArkansas on January 10, 2024, 06:09:38 PM

When you realized everything happened was staged and planned Cheesy

I don't believe that they were hacked at all. For sure, they did that so they would able to buy more cheap Bitcoins before announcing a legit approval of ETF.
After ETF was approved, we didn't see any huge pump compared to before, it seems people already knew. It's kinda buy the news, sell the rumors.

So now, they returned with an uncompromising announcement about approvals for all 11 Bitcoin Spot ETF applications.

The market reacts in not to much interesting way, no pump and no dump. Some people were right that news about Bitcoin Spot ETFs were already reflected in Bitcoin price recent months. They are right now that Bitcoin won't get an instant pump because of Bitcoin Spot ETF approval from SEC.

In long term, Bitcoin will increase in value and price. Halving in April. Institutional investors from Wall Street will bring their huge capital to this market, to buy bitcoin through Bitcoin Spot ETFs in the USA.

It's time to hold bitcoins and do nothing, just hold it.

Will SEC and Gensler be accused because of their news manipulation in court?

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Quote from: mirakal on January 10, 2024, 05:59:23 PM

Quote from: Minor Miner on January 10, 2024, 04:02:39 AM

It depends on each market moment. Of course, in sensitive times like these, holding is much safer than trading. But if 1 or 2 months ago when the market increased strongly, it would be a waste if we just held and ignored the trade. As you can see, in the past 2 months, almost the entire market has recovered very well and if someone took advantage of that, they would have increased their capital significantly.

Holding or trading has its advantages and disadvantages, it all depends on the strategy and skills of each investor. Not everyone who holds will always be a winner and those who trade will always be losers.

Certainly, there’s always a perfect time when to hold and when to trade. You cannot just trade when you see the market is very unstable, just like you can’t just continue hodling when you see others are already trading in profits. So there’s always the best time when to take advantage from hodling and trading, but as long as when you consider trading even for small profits, I still think your action is valid knowing you still end up with profits.

In my opinion, we should be flexible and balance between trading and holding, should not be too rigid, we should just always hold and say no to trading or always trade but not hold. Because the market will have different phases, there will be a period when it is good to hold and a period when it is very easy to profit from short-term trading. We should take advantage to optimize our capital whenever we have the opportunity. But trading is riskier than holding so it is important that we allocate capital properly. Don't mix the two together, we will be in trouble if the market does not behave as we expected.

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Quote from: GreatArkansas on January 10, 2024, 06:09:38 PM

When you realized everything happened was staged and planned Cheesy

I don't believe that they were hacked at all. For sure, they did that so they would able to buy more cheap Bitcoins before announcing a legit approval of ETF.
After ETF was approved, we didn't see any huge pump compared to before, it seems people already knew. It's kinda buy the news, sell the rumors.

And I thought I was the only one thinking such, this long drama of SEC pending the ETF approval for me was just a mirage as the update was sure to come, it was just a matter of time before everything start and plays out. Unlike last time when the market skyrocket this time like you said had already been played out it and people were much in anticipation but already knew the whatsup already and was just a pending official announcement holding and after that nothing much seeing that the news has already utilized ever since.

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Quote from: BlackBoss_ on January 09, 2024, 09:06:43 PM

Within several minutes, SEC. and their hoax triggered both Long liquidation and Short liquidation in Bitcoin market. It's a big opportunity for people to learn and understand risk of Leverage, Futures trading and if they absorb it well, they can protect their capital better and won't lose money like those people who were Long liquidated or Short liquidated hours ago.

This is the downside of news-based trading. It's also the trap set by market makers and exchanges to liquidate existing positions in the market to legitimize pushing the price or initiating the next short sale. The market has been incredibly chaotic in recent days with ETF news, but it's hard to accept the reason for the SEC's X account - a seemingly primitive excuse for the largest U.S. regulatory body to be hacked. The blatant manipulation and pricing tricks of those behind the scenes are disgusting. It's tough for news traders right now, personally, I choose to stay on the sidelines and not trade during this chaotic period.

For those holders, this could be seen as a shakeout, take coins from the weak hands. I believe many people had to sell off during this period if they were glued to market developments continuously. Stay calm; otherwise, we'll become easy prey for the sharks.

GreatArkansas

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When you realized everything happened was staged and planned Cheesy

I don't believe that they were hacked at all. For sure, they did that so they would able to buy more cheap Bitcoins before announcing a legit approval of ETF.
After ETF was approved, we didn't see any huge pump compared to before, it seems people already knew. It's kinda buy the news, sell the rumors.

Topic: Hold than trade. Just don't use leverage, futures. - page 2. (Read 476 times)