Topic: Is it worth trading in such deeps? - page 3. (Read 403 times)
Money can be made in ANY market phase, but the main point of importance is that you need to find the phase that allows you to be comfortable with. I personally have been involved in day trading for a good while, but I just had to accept that it isn't for me. Not necessarily because I couldn't make profit, because I did, but more so the fact that the more active the market becomes, the more luck is going to play an important role. It all comes down to greed, fear, hype, fomo, etc. If these variables start kicking in, technical analysis is pretty much useless, and from that point trading will look more like gambling than actual trading. That's why I personally just stick to slow trading, which people generally refer to as buy low sell high.
I am trading with AION and I grew it from 100 to 183 AIONs now.
Even with all this dip, there are those coins which stays alive because they have the project that is intact that is why people are still buying it.
Although if it is converted to USD I will have the same amount, the number of BTC that I have really grown much.
Maybe they should stop converting and just try to earn more bitcoin. That is the clue for most of the successful traders.
It's more difficult to trade altcoins in depression times but it is possible like you proved. I prefer to trade BTC-fiat in these times, but my goal is the same - to end up with more BTC. I don't really care about USD value of my portfolio. If bitcoin drops 20% but I end up with 10 or 15% more bitcoins, then I am happy, despite the fact that my USD value actually dropped a little bit. Even with all this dip, there are those coins which stays alive because they have the project that is intact that is why people are still buying it.
Although if it is converted to USD I will have the same amount, the number of BTC that I have really grown much.
Maybe they should stop converting and just try to earn more bitcoin. That is the clue for most of the successful traders.
I am trading with AION and I grew it from 100 to 183 AIONs now.
Even with all this dip, there are those coins which stays alive because they have the project that is intact that is why people are still buying it.
Although if it is converted to USD I will have the same amount, the number of BTC that I have really grown much.
Maybe they should stop converting and just try to earn more bitcoin. That is the clue for most of the successful traders.
Even with all this dip, there are those coins which stays alive because they have the project that is intact that is why people are still buying it.
Although if it is converted to USD I will have the same amount, the number of BTC that I have really grown much.
Maybe they should stop converting and just try to earn more bitcoin. That is the clue for most of the successful traders.
Is it worth trading in such deeps or you should wait until the market becomes stable? I am asking about the short-term trading positions.
Stablity will not work perfect for trading coins bro. You should be involved in trading while price dumped or fluctuating completely every hour. If you want to go to trading this time will work good in investing on bitcoin or any alts.
All the crypto currencies seems dumped in the market. I suggest you to invest on NEO, TRX, Ripple, IOTA and ADA. I am sure if you invest 500 USD with in 1 months you can make 1000 USD bro.
If you are out of the market and you wanted to wait for it to stabilize, I think it's the correct way to do right now. We have broken (unfortunately) most resistances that could held us up in price, I think we are on a bear market for now, until the charts tell me otherwise.
If I was out of the market, I would wait it out, and once the price starts stagnating, aka becoming almost flat, it may be a good idea to start planning a big entry, similar to how Bitcoin stagnated after MtGox's crash. When everyone starts saying how Bitcoin is dead and the price is almost flat (2014-2015) period this is the ideal period to accumulate. I hope that happens, which would mean 2018-2019 will be an accumulation period, and 2020 will be the new era of $100k+ a coin, with once again, a bunch of people on the brink of suicide because they sold at the bottom during that accumulation period.
Whatever you do, just don't short it... that's insanely risky. BTC can skyrocket at any time and put shorters in bankruptcy overnight.
If I was out of the market, I would wait it out, and once the price starts stagnating, aka becoming almost flat, it may be a good idea to start planning a big entry, similar to how Bitcoin stagnated after MtGox's crash. When everyone starts saying how Bitcoin is dead and the price is almost flat (2014-2015) period this is the ideal period to accumulate. I hope that happens, which would mean 2018-2019 will be an accumulation period, and 2020 will be the new era of $100k+ a coin, with once again, a bunch of people on the brink of suicide because they sold at the bottom during that accumulation period.
Whatever you do, just don't short it... that's insanely risky. BTC can skyrocket at any time and put shorters in bankruptcy overnight.
there is ALWAYS a way to make profit while trading in cryptocurrency market. from my little experience i can think of only two right now.
1. shorting the coins that are dropping.
some platforms have this option, i have never used it but it is basically making money when price is falling. if it really falls you make a big profit and if it doesn't fall and rises you lose money (to put simply).
2. trading coins that are rising.
there is always an altcoin out there that is getting pumped no matter the hell that is happening in the rest of the world! if you can find them and jump on board you can make a profit. finding them is tough though. sometimes you can find them by looking at the increase in volume and price together and out of nowhere when they are pumping them for example.
and remember these strategies may not be fore everyone. for most people it is best if they stay away and wait for things to calm down and rallies to start. making money in bull market is always easier for most.
1. shorting the coins that are dropping.
some platforms have this option, i have never used it but it is basically making money when price is falling. if it really falls you make a big profit and if it doesn't fall and rises you lose money (to put simply).
2. trading coins that are rising.
there is always an altcoin out there that is getting pumped no matter the hell that is happening in the rest of the world! if you can find them and jump on board you can make a profit. finding them is tough though. sometimes you can find them by looking at the increase in volume and price together and out of nowhere when they are pumping them for example.
and remember these strategies may not be fore everyone. for most people it is best if they stay away and wait for things to calm down and rallies to start. making money in bull market is always easier for most.
Is it worth trading in such deeps or you should wait until the market becomes stable? I am asking about the short-term trading positions.
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