Topic: How do you make a trade or investment decision? - page 2. (Read 1953 times)
Decisions are then made by analyzing various aspects of the experience gained to make a trade. When it comes to trading I try to analyze the market before taking a trade and look for the right time to trade based on the experience of the support assistant and the candlestick pattern. If I think the market situation is conducive to trading, then I do a trade.
Keep in touch with bitcoin and crypto news, short list the coins that are popular in market and there company working on the new development of product. Once you short listed coins do a market survey and check which coin is at their lowest price, the coin with lowest price has more potential to increase in future and reach their maximum price but only when the team behind coin is dedicated.
As practice shows, this is not always the case.
Even high-value coins have every chance of increasing significantly in price.
Unfortunately, it is sometimes very difficult to find real reasons for the growth of the coin.
Sometimes it is a rush among buyers when demand exceeds supply, sometimes it is speculation within the volume of the coin itself, and sometimes it is speculation based on bitcoin speculation.
The time when I was trying to find a promising coin among a thousand pieces of shit is already over for me. I realized that there are BTC and a couple of dozen altcoins, among which you can choose where to invest your funds. Don't waste your time playing roulette.
I think we have all went through something like that, I remember thinking years ago that I could find a good coin that had a small market cap and make money that way only to be burned at the end, after that experience I reached the same conclusion as you, besides a handful of coins the rest are simply not worth my time and while some may think this strategy is too conservative the truth is that it is not rare for bitcoin to make big movements that can produce significant profits for the ones that are patient enough to wait for them.After a few years of playing around I came to a similar conclusion. The main difference between mine and yours is that whenever you have a chance to invest in crypto and you have Bitcoin available you should choose Bitcoin.
There's no point in buying alts unless you really know that there's a major event taking place like when BCH was forking into BSV. Most of the time you'll do much better buying Bitcoin than anything else.
just keep coins on structured deposits and don't worry about price change
The time when I was trying to find a promising coin among a thousand pieces of shit is already over for me. I realized that there are BTC and a couple of dozen altcoins, among which you can choose where to invest your funds. Don't waste your time playing roulette.
I think we have all went through something like that, I remember thinking years ago that I could find a good coin that had a small market cap and make money that way only to be burned at the end, after that experience I reached the same conclusion as you, besides a handful of coins the rest are simply not worth my time and while some may think this strategy is too conservative the truth is that it is not rare for bitcoin to make big movements that can produce significant profits for the ones that are patient enough to wait for them.After a few years of playing around I came to a similar conclusion. The main difference between mine and yours is that whenever you have a chance to invest in crypto and you have Bitcoin available you should choose Bitcoin.
There's no point in buying alts unless you really know that there's a major event taking place like when BCH was forking into BSV. Most of the time you'll do much better buying Bitcoin than anything else.
The enjoyment part of trading comes from within and not from outside. People like to trade, not all people but some of them really enjoy the thrill of it. Even if they end up losing money, investment and trading (basically all around finance world) is something they quite enjoy. You think that every person who is trading just does it for money and money only? Nothing else? Of course there are people out there who are doing this for fun as well, sometimes they do get in with a lot of money, sometimes they don't, changes from person to person.
However it doesn't change the fact that there are people who just love trading itself and use it as a hobby, like watching a movie, or playing a computer game, it is their hobby and they like to do it on their free time. Of course, they do get upset too but don't you get upset when playing a pc game? It is like that to them.
However it doesn't change the fact that there are people who just love trading itself and use it as a hobby, like watching a movie, or playing a computer game, it is their hobby and they like to do it on their free time. Of course, they do get upset too but don't you get upset when playing a pc game? It is like that to them.
The time when I was trying to find a promising coin among a thousand pieces of shit is already over for me. I realized that there are BTC and a couple of dozen altcoins, among which you can choose where to invest your funds. Don't waste your time playing roulette.
I think we have all went through something like that, I remember thinking years ago that I could find a good coin that had a small market cap and make money that way only to be burned at the end, after that experience I reached the same conclusion as you, besides a handful of coins the rest are simply not worth my time and while some may think this strategy is too conservative the truth is that it is not rare for bitcoin to make big movements that can produce significant profits for the ones that are patient enough to wait for them. 
Making a trade is first when you have a coin you are looking for, and it is being listed in an exchange you enjoying trading with, otherwise the intrest will not be there. A project may kick off, lots of people might like everything about them, but there could be something that does not buy your interest, this all boils down to interest. You wanna trade on a coin or you wanna invest on a new project, all are on interest.
What is the there to enjoy on trading a coin? I am sorry I am not enjoying with any exchange while trading with them. This is something I never come across nor something I never get time to realize. I mean I have felt some inconveniences while some exchanges but I never stopped using them if I get better liquidation or better prices for my coins. Similarly I never have chosen an exchange just because of I am feeling comfortable there. But, KYC remained my criteria for selecting exchange.It seems you are approaching trading like gambling because only for gambling people are looking for graphics and other things which make them enjoying while playing there. But, I am going for an exchange even it loads slowly or anything similar kind of inconvenience are persisting.
I'm not choosing a coin just because of my interest but because of its potential. I look for the project's future development and its possible solution on addressing real-world problem and based on these criteria I am choosing a coin for my trading and for my long-term holding.
Making a trade is first when you have a coin you are looking for, and it is being listed in an exchange you enjoying trading with, otherwise the intrest will not be there. A project may kick off, lots of people might like everything about them, but there could be something that does not buy your interest, this all boils down to interest. You wanna trade on a coin or you wanna invest on a new project, all are on interest.
Normally when I heard about any potential coin that I can invest,I don't invest or trade immediately.At first I read about their project ,their vision and most importantly the roadmap.Are they working smoothly according to the roadmap?Its the first question popup in my mind.
Then I check the price in coinmarketcap and I watch their price movement for last 4-5 Months.And I closely watch next 10 days then I finally decide its better to invest or not.Its my own strategy.
For the news of any cryptocurrency normally I follow cointelegraph and watch youtubers opinion about this project.And most importantly I check the bitcointalk forum
to see any scam allegations and their ANN to see peoples comment about this specific project
Then I check the price in coinmarketcap and I watch their price movement for last 4-5 Months.And I closely watch next 10 days then I finally decide its better to invest or not.Its my own strategy.
For the news of any cryptocurrency normally I follow cointelegraph and watch youtubers opinion about this project.And most importantly I check the bitcointalk forum
to see any scam allegations and their ANN to see peoples comment about this specific project
In order to trade, at first, I do the chart analysis myself, then I visit the social media and news sites, compare my analysis with the visited sites, if they match with me, then I trade with ease.
One major aspect of cryptocurrency is the news, as cryptocurrency is a speculative assets. Those who understand the news and get the news early can easily grab their opportunity from any project either to make their investment or trade. Actually, What has helped me in my investment plan is the news am viewing everyday, most of these news are based on coins burning, new partnership from good projects, listing of tokens on reputable cryptocurrency exchanges among others. Sometimes, I used to make more gains with this news on a news sites.
true what you say, but sometimes you cannot know the news right away if you are not an insider
and cryptocurrencies are not subject to the confidentiality laws dedicated to the stock world, so you always have secondhand news (in my understanding)
for this reason, everything is very delicate and with a precarious balance.. the basic rule is not to invest all your money!
How do you make a trade or investment decision? Do you read news and check the price updates of your Coin? How do you do this? How do you get real time crypto news, social media updates and price alerts? If there's any 1-stop place to get all in real-time for free would you like to join?
If it's the real news and fastest, I'll join. I think the news is very important for coins and our win rate is quite high. Can you recommend your platform to us? Is it free or do we need a fee to join?Hi guys. Has anyone tried trading via trading bots? Do you have any experience with this? this information.
Trading bot is just an additional tool that in the right hands will work and bring you profit, but if you do not have experience in trading, then you will not get a profit, unless you are very lucky. How do you make a trade or investment decision? Do you read news and check the price updates of your Coin? How do you do this? How do you get real time crypto news, social media updates and price alerts? If there's any 1-stop place to get all in real-time for free would you like to join?
The best way to get an investment decision is not to be emotionally affected.
If you have this in mind you can make profits from your decisions. Otherwise, you can lose your money eventually, as trading is just following the numbers and not emotions.
Mostly, my trades came from news because the price in cryptocurrency is more affected by the news than by chart. Technical analysis is somehow works but when bitcoin fluctuates much, all of my trades in alts getting bad as well.
I trade in different exchanges and mostly of my coins came from binance and kucoin. I trade only if I get news such as mainnet, trading competition and partnerships. In stocks, I showcased my skills in trading. Most of my trades in stocks came from my technical analysis. But there are times, even there is a good move in chart if there is unexpected news, stocks and coin are highly affected.
I trade in different exchanges and mostly of my coins came from binance and kucoin. I trade only if I get news such as mainnet, trading competition and partnerships. In stocks, I showcased my skills in trading. Most of my trades in stocks came from my technical analysis. But there are times, even there is a good move in chart if there is unexpected news, stocks and coin are highly affected.
How do you make a trade or investment decision? Do you read news and check the price updates of your Coin? How do you do this? How do you get real time crypto news, social media updates and price alerts? If there's any 1-stop place to get all in real-time for free would you like to join?
It's very seldom for me to read the news updates about the price of bitcoin. Because most of the time I depend my investment in accordance with the actual happening in the exchange platform. In that way, I can see the reality happened in the platform dude. Though, checking it in the social media was also a good idea to get an updates anyway.
How do you make a trade or investment decision? Do you read news and check the price updates of your Coin? How do you do this? How do you get real time crypto news, social media updates and price alerts? If there's any 1-stop place to get all in real-time for free would you like to join?
It's very seldom for me to read the news updates about the price of bitcoin. Because most of the time I depend my investment in accordance with the actual happening in the exchange platform. In that way, I can see the reality happened in the platform dude. Though, checking it in the social media was also a good idea to get an updates anyway.
The same thing happened to me almost two days ago I had 50,000 doge and sold it at 26 Satoshi = 0.0125 BTC and then about a day or two later I was surprised that the price of Doge rose to 52 Satoshi means almost double if I sold it at this price i would get 0.025 BTC.
Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
Even if you guess with the investment object and buy a coin that can give you a profit of 1000%, it does not mean that you will get it. After all, most often it happens that the coin is just beginning to grow, and we sell it, getting 50% of the profit. And then we nervously smoke on the sidelines, watching as its price rises.
How do you make a trade or investment decision? Do you read news and check the price updates of your Coin? How do you do this? How do you get real time crypto news, social media updates and price alerts? If there's any 1-stop place to get all in real-time for free would you like to join?
If it's the real news and fastest, I'll join. I think the news is very important for coins and our win rate is quite high. Can you recommend your platform to us? Is it free or do we need a fee to join?This is another trap if you expect that just like what OP says.
News now a days are not that valid totally because even Media now are being paid by those whales that shills the market.
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There are many Hodlers who keep their coins, somehow they take care of them on some occasions, but this represents money, in my case I always check the graph, its history, the volume, if the coin is old I trust more, if the coin is young I don't do any kind of analysis for being so young.
Yep, history and volume mean a lot in trading decisions.
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