Topic: How do you trade? (Read 499 times)
Better to hold on to trade at bitcoin If the price of this currency increases in long term investment the person will become much more profitable. Try to understand the signals of trading charts before trading understanding the signals makes it easier to determine the value of the currency and reduces trade risk hold on if the risk is high. Learn trading techniques and have an idea of updated information by analyzing the market.
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Only the third one now.I don't have the all day to keep looking on the charts to actively trade.
I could still maximize it by means of doing my usual strategy before by day trading, but I am way more off now in my schedule. The play-safe strats, they said.
I am not into day trading but sometimes I buy some when it is low and sell if it goes up, I never tried day trading because it seems so hard for me and I know that I need to gain knowledge first before I try to trade. I am more focused on holding, which is easier than trading and is applicable for the beginners of the crypto world
I do my own plan, doing short trades doing technical analysis takes a lot of time so it's better to enter when the market is going up / down.
sometimes I also lose but will find a way to return it, doing research on newly listed coins is also an interesting thing because there will be fomo and how much money it depends on the project itself.
My preferred trading strategy is technical analysis with aid of chart with a mini of 4 hour chart thus this can keep me in a trade for more than 12 hours thus I do long term trading, I trade breakout of price above or below a resistance or support when the price retouch the it I place a trade outrightly and monitor the trade until it reach oversold or overbought I take my profits I try to hodl some coins too but the urge or desire to trade them and earn instant profits was my liking sometimes I also lose but will find a way to return it, doing research on newly listed coins is also an interesting thing because there will be fomo and how much money it depends on the project itself.
Usually depends on the level of trust people have over the coin. If we're talking about bitcoin, then I usually just buy and HODL it, not really letting my distractions come at play. If it's for smaller altcoins however, I use technicalities and support charts to help guide me when trading. That way I know or at least I have a good idea of what to predict. Rarely do I let my emotions take over me when it comes to trading.
Usually I trade depend on the sentiments, and it's works. Whenever there are good or bad signals (sentiments) comes then I immediately make decisions about my investment. I actually analyze the chart to understand more about the probability just to reduce mistake percentage. I rarely suffer financial loss using this strategy. I remember my mistakes in the past when I was trading only based on speculation it is more like a gambling which made me lost some money at that time. I will not do the same mistake so now I really keep an eye on the news that spread.
I have 2 method to gain profit.
The first thing is i'm just HODL and i actually don't care at all about the price because i'm so believe with that project.
The second is i just wait for the market correction then i'm gonna buy as much as i can and wait until gain 3-5% (Depend on the situation).
The first thing is i'm just HODL and i actually don't care at all about the price because i'm so believe with that project.
The second is i just wait for the market correction then i'm gonna buy as much as i can and wait until gain 3-5% (Depend on the situation).
Trading is a easy way to earn more money in short period.If the cryptocurrency is a legal one in your country,you can get maximum return from it.Only you need to pay tax for it,it's not a huge task.You will had huge money in hand,after paying tax for a period of 30 days.But you need to work in full pledge to earn more money from it.
So do with easy way to lose your money, trading always being mis-conceptualized by many,
yes, opportunities to earn huge is realy present from this venu of investment, but it's needed
or requiring you skills and good fundamentals in order to manage working with those experienced
traders around this business. The key factor is your willingness to move forward and take each
steps whatever outcome it brings you.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
joining telegram groups and altcoins alert will also help you gaining profit.
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at the end of the day its up to you on how you develop each day in trading and how you deal with losses. not all the time you gain there were always a downtime. just focus on how you can earn and gain .
Dealing with losses is part of maturity in trading , Losses first before profit that is the golden rules of those real trader.
To be honest I don't really like trading strategies that are too complicated. My trading method is very simple and very easy for others to follow.
Because I only buy coins with high volume and have strong fundamentals. Then I will HODL, every time the coins I have bought go up by 10% -20%,
I will immediately sell them and buy again when the price drops. Do this over and over again for the last two years, I am quite satisfied with
the profit I made.
Because I only buy coins with high volume and have strong fundamentals. Then I will HODL, every time the coins I have bought go up by 10% -20%,
I will immediately sell them and buy again when the price drops. Do this over and over again for the last two years, I am quite satisfied with
the profit I made.
Its truly saying that there's no particular run the show for exchanging, a few say, purchase moo and offer tall but how seem you decide when the cost is moo or tall as with the current advertise trends and instability this will not be possible. I have been into exchanging for a number of months presently and I realized that it is way better to play long. Purchase and HODL which is really safe and secure way.
I prefer not to trade because I am aware of my own abilities that it is difficult to make a profit from time to time, but that doesn't mean I don't trade at all just not very active because of the panic problems that hit as if I was easy to get carried away. Therefore, I would prefer to hodl is the main one for the main coins which I believe will continue to grow in the future. There will always be a choice regarding a related coin, whether it is good for trading or good for hodl as there will always be good specs for it.
During the first months when I started trading Forex and crypto, I was trading in short-term periods and didn't really do any risk managements. I could earn some money and get some profits but of course I lost much more. I toke my lesson and currently I'm a swing trader I usually buy the coins and hold for a few months. Also I do pay attention for the fundamental news much more than before and using my own strategy after doing some reach. This is how I'm a profitable trader.
Very popular strategy, buy low then sell high. Easy to say but it's really hard to chase things up. Having a deeper knowledge may
help to work with the right project and able to timing each position you take.
Having a good basis helps how to work with the market, if you are using system and you keep enhancing your skills, the very chance that your winning trade will give you decent profits from time to time.
Make sure to have definite plans it helps a lot while working from this business.
help to work with the right project and able to timing each position you take.
I always try when the price of top coins are low, then I buy. When the price is going very high, then I sell my coins. There are few coins which I hold for long time and sell when I get a good profit.
How you trade is mostly dependent on what type of trader that you are. Many people find it easy to just buy and hodl for some time before selling because they have not learnt or do not want to go through the stress of learning about technical and fundamental analysis and how the chart patterns work.
However, for a person who has learnt these things, he'll definitely trade based on technical and fundamental analysis and other resources.
You should, however, know that the most successful traders are those who use a combination of strategies to make profits tardiness trading
However, for a person who has learnt these things, he'll definitely trade based on technical and fundamental analysis and other resources.
You should, however, know that the most successful traders are those who use a combination of strategies to make profits tardiness trading
Having a good basis helps how to work with the market, if you are using system and you keep enhancing your skills, the very chance that your winning trade will give you decent profits from time to time.
Make sure to have definite plans it helps a lot while working from this business.
I always try when the price of top coins are low, then I buy. When the price is going very high, then I sell my coins. There are few coins which I hold for long time and sell when I get a good profit.
Mostly people have their own ways of doing their trades which we call strategies. On my case, I carefully watch and observe the market and keep myself updated on the news and trends that can eventually have an impact on the flow of the market although it is given that we are working into a very volatile market. Sometimes what is happening right around us can eventually have an impact so I am making it on point to simultaneously observe and update myself on what is the latest so I can keep up on trend to adopt on sudden changes. Knowing basic knowledge combined with past experience as well as being observant are my ways on doing my trading.
How you trade is mostly dependent on what type of trader that you are. Many people find it easy to just buy and hodl for some time before selling because they have not learnt or do not want to go through the stress of learning about technical and fundamental analysis and how the chart patterns work.
However, for a person who has learnt these things, he'll definitely trde based on technical and fundamental analysis and other resources.
You should, however, know that the most successful traders are those who use a combination of strategies to make profits tardiness trading
However, for a person who has learnt these things, he'll definitely trde based on technical and fundamental analysis and other resources.
You should, however, know that the most successful traders are those who use a combination of strategies to make profits tardiness trading
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
joining telegram groups and altcoins alert will also help you gaining profit.
Quote
at the end of the day its up to you on how you develop each day in trading and how you deal with losses. not all the time you gain there were always a downtime. just focus on how you can earn and gain .
Dealing with losses is part of maturity in trading , Losses first before profit that is the golden rules of those real trader. I trade on Spot more often than Margin and Futures because they offer good returns and are less risky. As for any potential altcoins, I would jump them a small amount and wait for them to increase in value. I will take profit with my initial money and leave them free because I have returned my capital.
I agree that spot trading is the original and more solid form of trading and margin trading is good if you know the asset won't just swing too much which is what actually happens in the crypto market. Although profits are higher in margin and futures trading, I can assure you that because I have done it in past.Altcoins are too risky so unless they have a good market cap I don't buy many of them.
I think now should try to participate in good ICO or IDO projects that are being held on decentralized exchanges. Just join a few projects and wait for them to be listed on exchanges and you will be able to get rich quickly without spending a lot of trading time.
Don't do it, if you are seeking advice. I can tell you that there are lots of scam projects even in the DeFi market now and you might avoid a few but will eventually fall for one of them. They make you believe like they are the future and once you start talking in their group (telegram), there are fake members who will even show like they are investing a lot of money. Most of them are paid shills who are paid to just talk positive and create hype. 
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
Trading need of technical knowledge to avoid of a trap.Because some bitoin trading exchanges are a fake one.By repeating a maximum number of trading with the initial of 10-20$.Because we can easily earn the value of 10-20$.So keeping such amount as initial is not a risky one.- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
You can use $10-$20 to trade, but that will not easy to earn for that $10-$20 if you do not have the skills to detect which coin will be good to trade.
Once you can profit from trading, and you see the movements still good to trade, you can try to continue trading to make more profit.
If the situations turn become worst, you can hold it for a while and see if, in the next hours, the situation can change better so you can buy or sell it.
- Not trading at all, just HODL.
The most boring and itching thing to do but the most profitable so far, I think. What I am mostly doing is waiting for a dip to happen and buy once the bottom is hit and once the market starts recovering and I feel satisfied, selling some or all Bitcoins and repeat the same thing again. I believe I would have profited more if I only hold but I am not one of those guys who can sit idle for months and years without doing anything with my coins.
Some people are day-trading but with more stability and lesser volatility, it is getting harder with time.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
basic trading will do, just luck and technical skill in trading will help. joining telegram groups and altcoins alert will also help you gaining profit. at the end of the day its up to you on how you develop each day in trading and how you deal with losses. not all the time you gain there were always a downtime. just focus on how you can earn and gain .
I think there is hardly been a day in bitcoin's history when the price hasn't moved up and down by $100 within the same day.
That is the simple reason why most people are now showing interest on trading but the method for trading is a complex and a very simple one at the same time 
. It is complex because it requires you to modify yourself, it is simple because the strategy itself is simple. I try to find coins that are fundamentally good and as long as its fundamentally good that means you could buy a bit of it, and the more it drops the more you buy and you set a goal where you will exit and when that price is reached you do not get emotionally attached and sell it, that's it.Now this may seem like a "simple" method because all you do is find a good fundamental coin, buy as much as you can until it reaches your selling point and you sell it when that price is reached, how can anyone fail that? But its complex because people fail to do this and that is the interesting part, how could people end up failing this? Because they put emotions into the trading system that is why.
With this year's market price, which is a bullish trend, it is indeed very good for trading and getting the maximum profit from Bitcoin.
I always take advantage of the volatile Bitcoin price to be able to make a profit, what I have done may have been done by other people too.
I do technical analysis to predict Bitcoin price movements, and so far I am very satisfied with all of my analysis results, for the most part
it turned out to be accurate. Hopefully the other members are also lucky to be able to get profit from Bitcoin, as I have already gotten.
I always take advantage of the volatile Bitcoin price to be able to make a profit, what I have done may have been done by other people too.
I do technical analysis to predict Bitcoin price movements, and so far I am very satisfied with all of my analysis results, for the most part
it turned out to be accurate. Hopefully the other members are also lucky to be able to get profit from Bitcoin, as I have already gotten.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
Trading will depend on the people and their capacity.Some trading platform is legit and some are scam one.You should find the legit one to do trading.Don't get into the spider web and lose you money with no cause.If you holding bitcoin value decreased ,you can hold it till the maximum value is achieved.
I do not trade every day, but I try to trade whenever I see the opportunity, it is a bit intuitive and I am looking at the popularity in the market.Apart from that, hodl is one of the best options for me
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
My bitcoins I am usually just holding, there is no real trading for me. Sometimes I use my bitcoins for gambling but only short term and then I usually just hold my winnings. As for my other coins I tend to trade more. The best thing for me with alt coins is chart analysis. We can learn a lot about trends from the past data.
stay here was 2017 .if you want hold your bitcoin so you need to much time for profit.in trade you can earn profit regular. don't need to wait .now i focus grid trade it,s just awesome just you need to set a price prediction ,after on the trade robot automatic buy and sell. also many time i run my own system you need selected a stable coin .
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
I use a combination of 3commas (an exchange based API for Bots & Automated trading strategies) and technical analysis based on charts from trading view. It's all a lot to take in. I'm a noob, and not afraid to admit that I've lost more than I've profited for sure - Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
. Fortunately it made me a better trader, now I check for confluence within everything I do. Trading habit's are even starting to bleed into real life, like when I exercised too hard and screamed out by accident, "I should have set a stop loss", I laughed after I realized the charts were getting to my head. 
Have been in Cryptocurrency for the past few years and I have lot's of experience about trading but i stopped trading because it was not really working for me well I traded for more than 1 year but later I switched to investment I buy a coin and hold for months before I sell. I won't say trading is a bad idea there are lots of people that are trading and is working for them but you don't have to copy anyone everyone have what is working for them so always make sure you do what works for you. Like me now am now use to holding coins and its really working for me but before you buy any coin always make sure you do your research first before buying any coin to avoid buying the wrong coin and to avoid lose of your fund!!!
I'm not a fan of daily trading, it only costs time and annoyance. My strategy is thorough analysis and selection of projects, then wait for a favorable entry point, buy and hodl.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
-Technicals
-Fundamentals
-Trying to check out and compare others analysis
-Don't let yourself fall into fud and fomo
-Creating my own analysis based off on observations
-Common sense and fast action trading depending on situations.
These are my traits and behavior on dealing with the market.It might sound very basic but same as yours it is
really hard to attained and cant be achieved in a short span of time.
I love to trade, but bought almost nothing during this bullish. I have a few bitcoin from a signature campaign and it has given me some profit because i am not sell them in a while. During the bullish period my estimate of fund increased because the bitcoin price continued to go up and yes now I've sold everything. Hold is the best choice in my opinion due to the fact that bitcoin continues to grow every year. I am currently only enjoying the profit from selling my bitcoin and have not been interested in buying any altcoin as of today.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
Some of my friends actually do trading and their profits are really so great. I still think that it depends on how brave the person is willing to take a bet on how to make his/her own money grow because some tasks are high risks but high rewards. Having knowledge about Bitcoin gave me the opportunity to create a way to monetize my time and having to join some lucky free airdrops and such things. It also gave me an opportunity to create a capital by only using our Internet connection so I guess even without trading, having to learn about Cryptocurrencies is still profitable for me.
I trade on Spot more often than Margin and Futures because they offer good returns and are less risky. As for any potential altcoins, I would jump them a small amount and wait for them to increase in value. I will take profit with my initial money and leave them free because I have returned my capital.
I think now should try to participate in good ICO or IDO projects that are being held on decentralized exchanges. Just join a few projects and wait for them to be listed on exchanges and you will be able to get rich quickly without spending a lot of trading time.
I think now should try to participate in good ICO or IDO projects that are being held on decentralized exchanges. Just join a few projects and wait for them to be listed on exchanges and you will be able to get rich quickly without spending a lot of trading time.
Just buy the significant dips with amount you can afford to lose using funds reserved in stablecoin. You could gradually sell parts of what you bought for profit as the price of the cryptocurrency rises significantly. But I'd buy more and sell less to hold long-term & for a healthy market.
Looks like this is the most common and effective strategy among traders because even when the market is bullish there are ups and downs happening all the time may be smaller but I think there is hardly been a day in bitcoin's history when the price hasn't moved up and down by $100 within the same day.I love to hold more than any other thing, but actually I could never hold for more than mere few weeks because of my greed in gambling and most times losing it all.
Holding is the last thing you want to do if you are a gambler and cannot control yourself because it's better to trade and cash profits than feeling bored and ending up gambling all the coins you hold. To hold bitcoins for years you must not be a gambler and if you are, at least you must have good control over your gambling.
Honestly speaking there is no specific rule for trading, some say, buy low and sell high but how could you determine when the price is low or high as with the current market trends and volatility this can not be possible. I have been into trading for a few months now and I realized that it is better to play long. Buy and Hold worked for me every time.
No specific rule but there are certain things to follow whenever you are trading since if you just think that trading is just doing a buy low and sell high you cannot get any good future on that doings that's why you should set your own standard and follow your game plan so that you will have certain stop point if you are in profit or in loss.
And if you are a holder that's good but you need to monitor to enter in best position since its so stressful to bag hold at lose.
I do trade looking at the fundamentals and also the TA but I also trade on the potential and the team as well and that is where most people lack. I have an investment for example right now, and it doesn't look good, if I look at the fundamentals there isn't a single "why should people buy this" situation going on, and when I look at TA it looks like it should be crashing any moment now, and I have been still holding it for a long time, why do I keep my money in it with all these right now?
It is obvious that I am doing this because I believe in the future of the project, because I know what they are after and what they are trying to achieve and god knows maybe they will fail and I will lose money, or maybe they are lying, but I believe if they actually do what they say they will do, in that situation I will easily 10x my money, that is why I am investing in things this easily.
It is obvious that I am doing this because I believe in the future of the project, because I know what they are after and what they are trying to achieve and god knows maybe they will fail and I will lose money, or maybe they are lying, but I believe if they actually do what they say they will do, in that situation I will easily 10x my money, that is why I am investing in things this easily.
Honestly speaking there is no specific rule for trading, some say, buy low and sell high but how could you determine when the price is low or high as with the current market trends and volatility this can not be possible. I have been into trading for a few months now and I realized that it is better to play long. Buy and Hold worked for me every time.
I'd probably think of myself as more of an swing trader since I'm not so knowledgeable on technical analysis; but I do research a lot first of course. I don't day trade as I do not have the patience to do so and I don't think the gains will be worth all the stress and effort (no offense to day traders out there). Honestly, picking out a good coin is really hard but if you're luck enough there really are gems out there. Even others with no use case at all could yield gains due to the bull market. Conversely, there are coins with potential however are undervalued due to poor marketing or development. I'm still a BTC maximalist so what I mostly do is flip the other coins to increase my BTC holdings.
Actually I don't trade everyday but I do have some experience on an actual trading in which I am buying when the price of the coin is in a dump stage and if I am seeing it as an having a potential to pump up or increasing in price then I am buying it then when the price pump up I will sell it already, I am greedy sometimes in which I want a big profit but I learned my lesson that sometimes you need to get already although it is a small profit as long as you are having a profit on it. The moral rule is that buy when the price is low and sell when the price is high. Having a mark in order to cut the loss is important also.
I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.
So easy to think about buying low and sell high but it's so hard to find a perfect time to buy since sometimes fluctuation is so tricky that's why we need to learn on how to do the technical analysis and other things that needed to learn of so that we can get a hint on when can we possibly buy and sell.The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges.
That is good option also but it's also good to have other option since if we really on staking rewards we might see a slow progress.
I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.
I woke up to see that BNB was already at the highest point so I decided not to buy in and wait for the price to reset. Now it just has to be a waiting game cos I am not much of a trader cos if I was, I still would have been able to make profits from this down trend if i was trading Derivatives.The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.
Binance Earn is also a good way to earn some cryptos. I have used it before but I will take my assets when I see a good opportunity to make a better gains from Vault which I use mostly cos I don't want to lock any thing up any stake for a period when I could have made money from them, so I use vault most of the time.I have a two legged trading strategy for Bitcoin trading...
I will buy bitcoins when there are a dip in the price and I will divide that into a 30/70 split. So 30% of those bitcoins are hoarded until we reach the Moon price and 70% are hoarded until we reach a new ATH price. (Then I take some profit)
The thinking behind this is to always have an amount of bitcoin for when the real "Moon" price is reached, but to have taken profit from the ATH high prices in between. This way, you collect profit to buy more coins on the dip to make more profits when the Moon price is reached.
My goal for the "Moon" price = $500 000
I will buy bitcoins when there are a dip in the price and I will divide that into a 30/70 split. So 30% of those bitcoins are hoarded until we reach the Moon price and 70% are hoarded until we reach a new ATH price. (Then I take some profit)
The thinking behind this is to always have an amount of bitcoin for when the real "Moon" price is reached, but to have taken profit from the ATH high prices in between. This way, you collect profit to buy more coins on the dip to make more profits when the Moon price is reached.
My goal for the "Moon" price = $500 000
On point. When it comes to trading though I like to dump every thing once I catch the to of a particular price movement and also try to catch the recovery from the bottom again but I thinks this your move is quite relaxing know that as long as the coin,Bitcoin in this case still have the potential of hitting ATH, there is a reserve for it.
I have a two legged trading strategy for Bitcoin trading...
I will buy bitcoins when there are a dip in the price and I will divide that into a 30/70 split. So 30% of those bitcoins are hoarded until we reach the Moon price and 70% are hoarded until we reach a new ATH price. (Then I take some profit)
The thinking behind this is to always have an amount of bitcoin for when the real "Moon" price is reached, but to have taken profit from the ATH high prices in between. This way, you collect profit to buy more coins on the dip to make more profits when the Moon price is reached.
My goal for the "Moon" price = $500 000
I will buy bitcoins when there are a dip in the price and I will divide that into a 30/70 split. So 30% of those bitcoins are hoarded until we reach the Moon price and 70% are hoarded until we reach a new ATH price. (Then I take some profit)
The thinking behind this is to always have an amount of bitcoin for when the real "Moon" price is reached, but to have taken profit from the ATH high prices in between. This way, you collect profit to buy more coins on the dip to make more profits when the Moon price is reached.
My goal for the "Moon" price = $500 000
I love to hold more than any other thing, but actually I could never hold for more than mere few weeks because of my greed in gambling and most times losing it all. From my observation, traders who trade all the time make good money, but are in tension and mental burden all the time, while people who just hold their coins make money by just sitting idle and sleeping because they have full faith in their investments. And I know many such holders who are holding since 2014 or even early!
because they have full faith in their investments. And I know many such holders who are holding since 2014 or even early! I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.
I feel you, I have that same kind of situation too most times.
I woke up to see that BNB was already at the highest point so I decided not to buy in and wait for the price to reset. Now it just has to be a waiting game cos I am not much of a trader cos if I was, I still would have been able to make profits from this down trend if i was trading Derivatives.
The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.
Binance Earn is also a good way to earn some cryptos. I have used it before but I will take my assets when I see a good opportunity to make a better gains from Vault which I use mostly cos I don't want to lock any thing up any stake for a period when I could have made money from them, so I use vault most of the time.
The last time technical analysis were working was like 5 months ago, it has been fundamental so far with frenziness. In bull run, this kind of analysis hardwork especially with cryptocurrency in general. You often see coins pump out in every small news and when you applied it to Altcoins, they are even the worst categories to apply technical analysis.
During bull run, so many altcoins get 5x to 27x easily on pumps with no stress of keeping eye on your screen all days.
However, your highlighted points work when in an average market that's not driven by an external forceh( whales this time)
During bull run, so many altcoins get 5x to 27x easily on pumps with no stress of keeping eye on your screen all days.
However, your highlighted points work when in an average market that's not driven by an external forceh( whales this time)
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- My own "system".
Any other?
This is the accurate way I believe a trader can succeed. Your own way is the way you have understood your techniques in technical charts. You have studied them very well and made a constant practice over them and it becomes your own way or strategy. Example with the indicators, you can decide to work with longer time or short time and you follow the one you understand. Many traders base on charts but not sentiment Sentiment isn't a long time happening because you can't study people's mind always.
Though I'm not trading on a regular basis, I buy and hodl from time to time. The best rule that I've set for myself and it always works (with decent crypto, not talking about shitcoins) is never trade with the money you might need. Seriously. Years ago I would invest a part of my salary in Bitcoin, but that was actually the money I was counting on. So when the price was jumping I often got nervous and did stupid things, that made me lose money.
Not so long ago I've decided to only buy crypto with the money I never counted on having, e.g. present money, salary bonuses, unexpected wins, etc. Knowing that I don't actually need this money keeps me calm at all times, so if the market's bearish - I just wait patiently.
Not so long ago I've decided to only buy crypto with the money I never counted on having, e.g. present money, salary bonuses, unexpected wins, etc. Knowing that I don't actually need this money keeps me calm at all times, so if the market's bearish - I just wait patiently.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
I do feel like I am not a good trader and at the same time I do not have any substantial amount to hold for the long term so the best I do is to see when the price is rising. If I do have some money with them then I make sure to invest (but only for a short time) then I encash it when I feel like I have made a profit and do not think about being extra greedy. I did save up a lot of BTC back in the day but had to sell them so for me I did hold them for a long period of time and the results were great. Mostly BTC for me is used for everyday work , more like a salary rather than an investment but If I did have investment money I would definitely buy ! The chaotic times are exceptionally fruitful. At the same time with p2p you can avoid a lot of extra fee and can get a good price. There are days where different trading softwares provides the users with no fee trading and you can always make 2-3% extra.
Keep track of the market
Don't be greedy!!
Just buy the significant dips with amount you can afford to lose using funds reserved in stablecoin. You could gradually sell parts of what you bought for profit as the price of the cryptocurrency rises significantly. But I'd buy more and sell less to hold long-term & for a healthy market.
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
-Automated trading
-Algorithmic trading
-Arbitrage trading
-Big data statistical trading
I'm not certain what the current status of arbitrage trading is today. That was one of the best and most reliable methods of consistently generating profits years back.
Example of arbitrage is, if you can find an exchange where BTC is trading at say $60k and another exchange where its trading at $45k. Buy bitcoin at $45k. Move BTC to the other exchange sell at $60k. And repeat the process.
Big data is another underestimated and underutilized area with profit potential. The basic theory behind it is identifying trends and patterns by analyzing massive amounts of trading data. For example some days of the year might be statistically better than other days for buying. While other days may be better for selling. There actually are traders who will crunch numbers and figure out which day of the week sunday to monday is best for buying, selling, etc. Who will trade off of those historical patterns.
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If anyone asks me about trading, I always suggest people to divide their investment into two portions. One portion is for holding long term and another portion is for doing trading if he wants to take trading as his main business. If he had a real-life job and don't want to liquidate his invested money quickly then Long time holding is better than doing daily trading or short-term trading.
And for trading, You must have the proper knowledge about trading indicators and world economics. If you do not follow the well-known indicators like MACD,RSI,ADX,MA and so on then it is confirmed that you are going to lose your investment. So before inserting in trading life, first grow your analytical knowledge and do technical trading,
And for trading, You must have the proper knowledge about trading indicators and world economics. If you do not follow the well-known indicators like MACD,RSI,ADX,MA and so on then it is confirmed that you are going to lose your investment. So before inserting in trading life, first grow your analytical knowledge and do technical trading,
- Not trading at all, just HODL.
This works the best for me. I don't have to do a lot of things just for me to make some and earn some. The simple strategy of buying low and selling high is legendary.No need to be a pro trader or add some analysis that might help me. I just choose buy at lows and set a price when I want to sell.
Yet if we are all honest, point number 2 is something we often experience and usually apply (maybe we are ashamed to admit it). but the fact is that none can control greed when market growth is at its peak. and more aggressively, we're going to be taken further.
It is very difficult to apply methods, technical and strategies on a regular basis, we are faced with real, inconsistent and unstructured price movements. so point number two with the last point becomes a habit when trading.
Aren't we more inclined to ignore methods when trading? and decided to use the system itself. until the end of portfolio management that was not well managed.
It is very difficult to apply methods, technical and strategies on a regular basis, we are faced with real, inconsistent and unstructured price movements. so point number two with the last point becomes a habit when trading.
Aren't we more inclined to ignore methods when trading? and decided to use the system itself. until the end of portfolio management that was not well managed.
Let me say what my experience is till now. I've been trading Alt coins since October, but not a day trading it's like buy a coin, hodl until you reach the target to make a certain profit and then sell. I don't have time no nerves for day trading so I do my TA on a longer time frames.
Let's say as an example I have invested 1BTC or 16K USD price at that point in trading, it's easier to work with round numbers.
Now I have 0.86BTC or 41K of USD. So I manage almost to triple the USD amount, but compared to the BTC I lost 0.14.
In my case it will be more worth it HODLing instead of trading.
Never participated in any coin pumps or trading Doge etc. Just a regular good projects with a good possibilities.
Just a Note here. I'm not a pro trader, had some experience from years ago trading FOREX.
So for me, the better risk management is to hodl BTC. Less stress, less risk.
Let's say as an example I have invested 1BTC or 16K USD price at that point in trading, it's easier to work with round numbers.
Now I have 0.86BTC or 41K of USD. So I manage almost to triple the USD amount, but compared to the BTC I lost 0.14.
In my case it will be more worth it HODLing instead of trading.
Never participated in any coin pumps or trading Doge etc. Just a regular good projects with a good possibilities.
Just a Note here. I'm not a pro trader, had some experience from years ago trading FOREX.
So for me, the better risk management is to hodl BTC. Less stress, less risk.
I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.
So easy to think about buying low and sell high but it's so hard to find a perfect time to buy since sometimes fluctuation is so tricky that's why we need to learn on how to do the technical analysis and other things that needed to learn of so that we can get a hint on when can we possibly buy and sell.
The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges.
That is good option also but it's also good to have other option since if we really on staking rewards we might see a slow progress.
Combines several techniques. Because at this time technically it is not enough and we need to look at the sentiment that is in the market. Even if right now the market looks like it's just going to be sentiment. And if this continues, it will be very difficult to make a decision because we have to quickly read the situation, we shouldn't be left behind by a single move because the risk can be big losses or big profits. Then combine it into my ninja way. lol.
I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.
The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.
The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.
How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".
Any other?
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