Topic: It's the easiest to trade when you aren't trading (Read 735 times)
That's true, day trading is not an easy thing, it is really hard to earn money from doing day trading, I am happy that you have earned huge money from buying the dip two times, I was about to buy before when the value of bitcoin is $3900 but unfortunately I don't have any balance that time because I lose my job because of the pandemic, I am really thinking if I was able to buy bitcoin that time, then am I going to hold it for a long term or can I avoid selling it once it double my earnings, but I don't think that I can wait for it till BTC has reached $60k because for sure when the price of bitcoin reaches $20k that time then I will sell my bitcoin right away.
An interesting strategy. I am of the opinion that you need to buy some coins and keep them until you reach a certain goal, then sell them. This is not necessary to do with bitcoin, you can also use altcoins.
It's how some of my friends do it, they buy some coins and park it and let it sit for awhile and watch the prices, hodling is pretty much the same as this one since it tends to get long-term instead of a short-term stint, if you aren't good or don't want the hassle that trading has then you should probably do this.
An interesting strategy. I am of the opinion that you need to buy some coins and keep them until you reach a certain goal, then sell them. This is not necessary to do with bitcoin, you can also use altcoins.
It's how some of my friends do it, they buy some coins and park it and let it sit for awhile and watch the prices, hodling is pretty much the same as this one since it tends to get long-term instead of a short-term stint, if you aren't good or don't want the hassle that trading has then you should probably do this.
Currently the market is in a phase that cannot be clearly determined if it will be very bearish or bullish, for now many are betting that it is bearish, others say that it will rise in price that the recovery is imminent, others think that when BTC reaches The $ 40k will begin its ascent, but I think that now is when there is much more instability, or the uncertainty is very great, in these cases, I always remember the advice that Jesse Livermore gives in his books, which is, many times you have to be outside the market, because there is no clarity, the market gives opportunities to enter, sometimes it is wise to wait and stay out of the market when it is not possible to understand very well.
An interesting strategy. I am of the opinion that you need to buy some coins and keep them until you reach a certain goal, then sell them. This is not necessary to do with bitcoin, you can also use altcoins.
If you do have enough funds, what do you say, of course we can do well, because we know that not only bitcoin is suitable for investment, but altcoins are also quite a lot that can be used as an investment.but if we have not much capital, I think I have to think about holding bitcoin because its value is quite high even though it is currently experiencing the deepest correction. Likewise, ethereum is also quite high, it is indeed better against other altcoins whose prospects are also good and widely available and you can see on CMC or coingecko.
there is nothing wrong with being able to invest in a new trading company because there are many that are good and still look cheap and the prospects are also quite good, so there are many alternatives to stay smart, we first analyze as well as possible.
Making money with trading is not a easy job. If you looking at any coin chart, a buyer in deep and selling at high points is the only ways to take huge profits but this guideline has no time frame. You have to hold for any period of time or your journey ends when charts at their green candle pick. If you put amount of money in this field this strategy will gives you all year profit at one time.
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So we don't have to bother monitoring prices every day, and usually if we are right in choosing coins for investment. The holding of these coins should be able to provide a large profit.
An interesting strategy. I am of the opinion that you need to buy some coins and keep them until you reach a certain goal, then sell them. This is not necessary to do with bitcoin, you can also use altcoins.
It's how some of my friends do it, they buy some coins and park it and let it sit for awhile and watch the prices, hodling is pretty much the same as this one since it tends to get long-term instead of a short-term stint, if you aren't good or don't want the hassle that trading has then you should probably do this. 
And recently, you know bitcoin become 40K, then 30K, yeah, I waited until 60K and sold all of my coins today 
Will price rise? Maybe but I'll wait for another great dip, at least for 70% fall. So, today is the end of my journey for a while.
Bitcoin went deep few days ago from 60k to 49k that was a high fall I hope you were able to take advantage of the price to accumulate more Bitcoin, I was able to top up more. Will price rise? Maybe but I'll wait for another great dip, at least for 70% fall. So, today is the end of my journey for a while.Trade rarely, don't make it your only profit source and don't trade often. If you aren't whale, you can't impact the price, so, not your game - not your rules
Trading is not for me I was losing more than I ever gain trading. The rule in trading is simple, it's really the simplest someone could imagine: Buy low, sell high. The problem is that most people buy at high and sell when all the hope dies for them. Crypto is a long-term, not a one-hour job. Always set stop loss on 1-2% movement, maybe you didn't buy at the right time? And it still falls? You will be able to buy more and get more profit even with some percent capital loss.
I am of the opinion that you need to buy some coins and keep them until you reach a certain goal, then sell them. This is not necessary to do with bitcoin, you can also use altcoins.
I guess everyone already into that kind of things but I'm not sure what you are actually referring to.Everyone here is buying bitcoin or some other altcoins and definitely will plan for long-term holding with some target and will obviously make profits as well. But, OP is trying something reciprocal; they sold bitcoins and waiting for bitcoin market to crash so that they will buy back for cheaper. This way they will simply multiply their number of bitcoins.
Personally I'm not having any idea to short my bitcoins because I am afraid of missing out another round of bull run if I short bitcoins now or at the end of this year or any time. Just want to make sure that I will be having some bitcoin to cover any possible bull runs.
An interesting strategy. I am of the opinion that you need to buy some coins and keep them until you reach a certain goal, then sell them. This is not necessary to do with bitcoin, you can also use altcoins.
Long term holding is the easiest of them all, and I can’t agree more. There are some coins or tokens that I’ve bought and never touched it for a very long while until it skyrocketed a bit and would take profit if I am happy with it. Day trading isn’t my style, because it’s much more riskier and difficult. I can’t even commit to do full-time in crypto trading either, because it’s not going to give me a stable income as it has no astronomical guaranteed returns.
everyone does have their own passion. Day trading may not be your style, but day trading is good for me because of the benefits you can get every day.the profit of day trading can also be stable by doing a good analysis. You have to know where the market is going.
If you are good at long term holdings and you are strong hold on to the long term, that's fine too. But you have to be really precise about what coins you want to hold. You don't want to hold onto coins that don't have a good future.
Each strategy has its own advantages and disadvantages, only how we can maximize the strategy.
Long term holding is the easiest of them all, and I can’t agree more. There are some coins or tokens that I’ve bought and never touched it for a very long while until it skyrocketed a bit and would take profit if I am happy with it. Day trading isn’t my style, because it’s much more riskier and difficult. I can’t even commit to do full-time in crypto trading either, because it’s not going to give me a stable income as it has no astronomical guaranteed returns.
Day trading is kind of hectic IMO, you have to check prices every 10-15mins, there's no peace of mind cause you are always wondering whats going to be the next move, I kinda gave up on day trading a long time ago, now I just buy the dip and wait for the coin to pump back up then I sell, at least I can sleep knowing I bought at the dip, buying the dips are alot more better than day trading cause day trading you could make so many bad decisions and loss alot of your capital in one day, but this method of buying dips and waiting for the pump seems to be the only trading system that has never brought loss.
Sometimes when prices fall, we are afraid to buy because we are worried that prices will continue to fall, it takes courage to take action, and we must be prepared to face risks. therefore an accurate analysis is needed, and we are required to learn for that
Honestly I am not having such a panic with bitcoins ever (but I had with all other altcoins for example recently when dogecoin was falling below 350 satoshi from its ATH of 780 satoshi, I was afraid to buy). The only problem for me is, I need to have excess money to make use of. Usually I do utilize all my spare money to buy bitcoins at dips and when bitcoin make lower low, I am simply turning helpless. Sometime bitcoin markets give me another opportunity by getting me lowest to lower at the time of my salary from regular job; but that kind of coincidence are not happening all the times. Most I miss dips or I may go buying slightly higher than actual dips. Its never been easy on when to get out and when to get in when the price is cheap, we cant determine on whats the possible bottom thats why mistakes like these is common.
Thing here is that you do know on how to handle up risk and handle out your finances then youre still good.Profitability will vary on how someone
will do make out trades neither they do hold or actively trading.
Sometimes when prices fall, we are afraid to buy because we are worried that prices will continue to fall, it takes courage to take action, and we must be prepared to face risks. therefore an accurate analysis is needed, and we are required to learn for that
Honestly I am not having such a panic with bitcoins ever (but I had with all other altcoins for example recently when dogecoin was falling below 350 satoshi from its ATH of 780 satoshi, I was afraid to buy). The only problem for me is, I need to have excess money to make use of. Usually I do utilize all my spare money to buy bitcoins at dips and when bitcoin make lower low, I am simply turning helpless. Sometime bitcoin markets give me another opportunity by getting me lowest to lower at the time of my salary from regular job; but that kind of coincidence are not happening all the times. Most I miss dips or I may go buying slightly higher than actual dips. 
I won't advice this to anyone because OP is leaving nothing and going full on when s/he cashed out and I don't like the idea of waiting for the price of bitcoin to fall down because we don't know when will it happen or will it ever happen and if the former were to happen then you are in a world full of pain and regret since you are buying bitcoin at premium because you waited for a dip that didn't happen and when you finally bought one, that is when the price dips and you sort of panic because you are experiencing a big loss.
I do agree with you, I have tried this one myself once and now the price isn't going down anytime soon and I am regretting what I did, good thing that when I sold my hodlings, I have a really big profit so it isn't overall as bad as it is but I won't be making the same mistake again.
I won't advice this to anyone because OP is leaving nothing and going full on when s/he cashed out and I don't like the idea of waiting for the price of bitcoin to fall down because we don't know when will it happen or will it ever happen and if the former were to happen then you are in a world full of pain and regret since you are buying bitcoin at premium because you waited for a dip that didn't happen and when you finally bought one, that is when the price dips and you sort of panic because you are experiencing a big loss.
I do agree with you, I have tried this one myself once and now the price isn't going down anytime soon and I am regretting what I did, good thing that when I sold my hodlings, I have a really big profit so it isn't overall as bad as it is but I won't be making the same mistake again.
thats a nice strategy. i also hope there wil be chance to buy cheaper if it really happens but i will still be patient to see how it will play out. we are bullish but correction is imminent.
Trading can produce higher profits than holding your coins, everyone knows this, the question is if you can actually get hold of those kind of profits? And most people cannot do anything remotely close to that, if you are one of the few that can do it then congratulations but for the rest of the people this is something impossible and should just hold their coins, but unfortunately they let themselves to be lured in by the idea of more profits and then they lose everything in the process.
That's obviously the question to ask. Many people think that they can buy at the low level sell at the high level and repeat this over and over again instead of just holding. Many of them end up buying at the high level and sell at the low level and losing money. This is why I do not trade, I may end up losing more than I earn and that's why I do not trade that way at all.I just buy, do a DCA with my money and that's how I make my profit, I did buy at 6k, I bought at 20k, I bought some at 33k, I even bought at 62k before the fall, and I will buy tomorrow hopefully before it goes up too much, and I bought many times in between 6k and 62k as well. All of that helped me have a decent amount of bitcoin and a good amount of profit as well. Why would I try to ruin that with trying to trade as much as I can and end up losing it all the profits I made.
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