Topic: Let's share some tips among ourselves. - page 2. (Read 817 times)

DCA is the best method among all crypto currencies, but if the price of Bitcoin falls, you can buy more with DCA there. As BTC fell to $15,000, most people bought a large number of Bitcoin. For those who were waiting for Bitcoin to drop to $10,000 so they could buy back there, the price of Bitcoin will be hard to find even at $20,000 now, so I don't think DCA is necessary everywhere.

If we are getting a good profit after our purchase, the purpose of selling my 50% crypto was so that we don't miss out on a good profit. I don't necessarily always sell my assets at my target, but I will sell my assets when I get a reasonable profit. If someone invests $1000, and his target is $4000, when the price becomes $3000, he does not sell but waits for the target, from there the market falls again, then his assets are reduced to $500. So one can say, that he made a wise decision?

You bought BTC at $17k, $20k, $18k, $25k, $35k.
Now you predicted that BTC can go up to 70k for example.
Now you set a target for selling your BTC.
Could be like this. $40k, $45k, $50k, $55k........ $70k and above like $75k $80k etc

Now if you can do the math, you are always in profit. Because you bought at low.

If it reaches $60k, you are in a good profit. If it makes a downward turn, you can buy more at a low price and then set a sell target again.

If it reaches $70k then your target and prediction are reached. You are in profit.

If it goes beyond $70k, then you are in more profits.

Now my question is this. Do you wanna risk it all on one time shot and sell 50% of your holdings and then do whatever you want with the remaining 50%, or do you wanna make more profit like this? Investment is not a one-time buy and sell. It's a continuous journey where you need to keep doing it again and again in order to find the best opportunity.

Getting some sort of prediction for the future is impossible if you are looking for something that is exact in the end. I believe that we are going to end up with a good return if we end up selling our capital back and then just deal with the profits.

Think about it this way, you could just sell the capital out, and the rest would be amount you risk as much as you want, if you want do the most outrageous risky thing you can think of, and then you could do whatever you want to do with it. That is the most important part, always trying to do something that you could limit your risk that way and no matter what you would do be able to profit without thinking about what could go wrong. This is a method that helps people for the long term and could make you go towards the right direction.

Yeah, we need to profit while we can. If we miss the opportunity then we will have to wait that long. The market is not as volatile as it used to be to trade and make a profit. And trading is a hard job. It also contains more risks than hodling. You may get a successful trade or you will make a loss. But in hodling, all we have to do is find the opportunity to make a profit. But as mentioned before, we can never predict the perfect top. In order to get a solution we will have to set multiple targeted sell in order to average our profit and also to be in profit. You may hit the perfect top. Without the target sell price we can not achieve that.

We all invest and expect massive profits when bitcoin halving comes. That is because our mindset is already fixed that when there’s bitcoin halving, there will be limitless profits as well. However, it takes financial capability at some point so you can fully invest for long term without putting some pressures on yourself when to reap those profits, and even forget your investment after if needed. If you can do that, you will surely make a huge return of investment after bitcoin halving as the market only becomes highly profitable once the halving is over.

Always set goals or sell limit or target on which its always been that ideal on doing such thing rather than on making those kind of holds into those numbers which turns out to be that non-realistic. Whether we do like it or not on which there would really be people who do have those kind of approach on things on which they are really that indeed believing that price could reach it up which sometimes we do know that claims and those numbers in mind is something that plays on that non realistic side or not something that achievable but people do still blindly making out those decisions basing up on what they do believe. Some people doesnt really focus that much on BTC and rather they do make out diversification through altcoins which its not really that a bad option or choice either. It would really be just sharing up on the same sentiment when it comes to buying and selling on which it would really be just that right that setting those selling points would really be crucial because if you had missed out on doing such thing then you would really be ending up on waiting
again for another bull run cycle which it does take 4-5 years based up on real experience or simply the casual cycle that we do have on this market.

Selling 50% is a no-brainer to me. You have said it yourself. No one can find the perfect bottom or the perfect top. And the thing about the perfect time to sell, can you be 100% sure that it is the perfect time? To me, the best way to buy and accumulate BTC is to DCA. (I am biased about Bitcoin, I have no faith in altcoins. Sorry in advance.) This way you can keep a balanced value of your coins. So why not do the same with selling? I am sure this will be the best strategy. At least in my opinion.

So all you need to do is do some research and analysis on the market to find the potential up point. Where it could reach in the future. Then setting a targeted sell order on that price point. Also some several others below and over that potential targeted price point. Even if your analysis doesn't meet the target, you will sell at a lower price. But you need to make sure that you are setting the price where you are making a profit. This way if the price is rejected before reaching your analyzed target, you will still be in profit. And if the price rises more compared to your analysis, you will make more profit that way. So the 50% does not work for me. I do this instead.

Risk tolerance is more about how you could take on more risk if you are willing to lose that. Just to give an obvious example, if you went from 20k to 180k then spending 5k on a silly trade where you know you are going to lose but you want to take a shot would be very little risk and not really hurt your balance, you can lose it all and you would be still a guy who turned 20k into 175k and it would all be fine.

However, if you put in your last 5k, that's your entire balance and you have no other money to your name and you put that into something silly that will probably make you lose money then you are going to be very upset if you lose it. In both cases it is 5k, and in both cases you see a different level of risk tolerance.

Of course, profit and loss become loyal friends for traders or investors, profit becomes their main goal but that does not mean they forget about losses or something that can have an impact on losses, therefore planning is a very important thing that must be owned by market participants, if they go home with several losses then I make sure maybe their planning is lacking or they are too careless so they end up with losses of different amounts. That's right, only those who get the opportunity to buy at the right time or at a low price will usually go home with the profit they want, but honestly I wouldn't say that's entirely true, because in the market anything can happen. Even if you have bought at the right time but as time goes by if the price has not touched the point you have determined to sell then it is very likely that the price will go back down and maybe you can also be very affected by very aggressive market fluctuations, it is not uncommon to experience events like this.  Therefore good planning is needed, such as for example you set take profit and stop loss in the right area, it will be more helpful to minimize risk and reduce your greed there.

I think the best thing for the first step is that you should focus more on your capital, I mean go slowly, take profits even if it's small it doesn't matter the important thing is that your capital is back first and after that you can continue with the money from the profits. You said something very beautiful here but I said the market will not always be in our favor, the point you made is true, buy at low prices and sell when prices rise. That's what market participants always want but we must also not forget some factors that are very likely to hinder and can even make us initially profit to loss such as poor planning. Do not be too excessive in assuming and certainly eliminate greed in yourself. So the point is quite simple you just need to keep yourself wise and responsible
 or whatever the result, profit and loss is normal, use your best method and never stop learning because the market will always surprise.

Personally, I might now buy more bitcoin and some altcoins because I am motivated by the bitcoin halving that is right around the corner. And the other encouragement is the same as point number 3 that you mentioned. But for number 2 I probably didn't think about that one. At least for now. But I don't know later. For purchases in altcoins, I personally decided to buy when I saw that the dev of the project was a fairly well-known person and the team continued to be active and the project continued to progress according to the roadmap. And there are large investors who also participate in funding. This is what made me decide to choose an altcoin to buy.

Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

 If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

One person's loss is another person's profit. The market runs on buy sell right? So if person A buys it and makes the price higher, then if person B sells it, then the price will fall down. That's the same thing that happens with the crypto market. If people keep on buying and make the price higher, there will be people ready to sell. Just like you said, you will get a better value if those people keep on buying. But if you want to profit from it, you will sell for sure. It's not only just you, there are others waiting for that too. So the price will fluctuate and those who buy the green will be in red again. And they can't keep it up for forever.
Take the chance while you can make a profit. Don't get affected by greed. It will only lead to losses.

you make a plan at the beginning of your investment, that's very good. and that's what everyone who wants to invest must do. seeing market conditions and some of the momentum that will occur in the future as OP did is quite good. It's almost the same as what you do when observing market conditions.
Everyone has their own approach to creating their investment plan. the methods and methods may be the same but sometimes the results can be different. However, sometimes the investments we make don't go according to our plans. Some people even take the initiative to carry out several plans without changing their targets. the hardest thing is to be consistent with what we believe in the plans we have made.

For someone like me, i always try to read and study the market season first, then try to define my own investment plan if it's going under a long or short range investment, obviously we all wat to sell out when the market pumps and will also like to make profits from the little Invested, nevertheless, these may not applies to all traders in the same direction, some make their own profits while the market dumps, some engage in different kinds of trading, so what i want at that particular moment will determine how my investment sell or buy order will go.

What do you mean by tolerance in trading?
Is it a kind of Risk Tolerance which is the level of risk tolerance a trader has in investing?

Risk tolerance should be carefully considered in accordance with the investment funds, investment objectives, instruments, and potential profits.
In other words, risk tolerance is the maximum level of risk and the minimum level of risk that a trader can take.

What you should think about in determining risk tolerance is how much loss you are ready to bear to get the expected results according to the time period,
investment funds, and objectives.

The happy ending depends on how to organize the strategy well and walk according to the strategy made.
There will be no happy ending if the strategy is not achieved.
Emotions or psychology in trading will still appear, we just need to manage them to be stable and not interfere with trading.

I have heard many tips to use in the cryptocurrency industry in order to make some kind of profits. I have also tried and tried to practicalize some of these tips. But in the real sense, they are not also proficient. Some of them did not work as they appear on paper. But when you do things out of your own experience, you will certainly make mistakes. But from those mistakes you will build up your experience to do better in the future. There was a tip a good friend of mine gave to me and I never knew that that tip has been in existence in the cryptocurrency industry, but many people relegated that tip because it does not respect average risk-taking.

That tip is to be fearful when everyone is greedy to buy but you should be greedy when everyone is fearful to buy. This is a very strong tip, but for people that has big minds to take bigger risks.

Good trading knowledge is compulsory but if you without apprehension dive into trading then it will be time wasting and money misspent like that of gambling. Patience and tolerance is a part of trading and lack of these two characteristics can turn your mind towards gambling.

Trading in my opinion is safe only if you fully appreciate the trading policies and comprehend the actual timing in which your decisions will bring a happy end. Remember that if you are angry then quite trading because this angry feeling are like an enemy in trading.

You don’t have to worry about this, once there were those who bought Bitcoin at $100, then there were those who bought at $1000, at the beginning of the year there were those who bought Bitcoin at $15,000, and now, as you understand, there are those who buy at $27k, and there will be those who will buy when the price rises. If nothing changes globally, then Bitcoin will constantly rise in price, because its emission is limited, and even more fiat money will always be printed.

So if you think now is a good time to buy, then buy, but at the same time you should know when you should sell, because after a bull market there is always a bear market.

Yeah fine, I know that it is better to invest right now, but when we go 100% higher, we will need people who will take it 200% after that. To do that we will need people who buy ONLY after it goes up, and that's not that easy and we should be considering that as a trouble. I get that life is not that simple for most people and there are times when things are a bit harder, but as long as we keep it going, we should not be really expecting a different result.

Just let them buy when it is higher, that's always good and that will always make sure that we end up with a good result one way or another. Life will give us a lot, but it will probably give some of them some profits too so I am happy for them and thanks to them I will make all that money.

It looks just like gambling assuming that the trades are made without good trading knowledge and rely on feelings only.
Moreover, fast trading is done on the type of Futures trading which is more at risk of losing all assets when there is a mistake in guessing the price.
But if doing Spot type trading it is still quite safe even if the prediction is wrong, it still has coins in its hands as long as it is not shitcoin.

Many beginner traders try fast trading or Scalping trading without knowing the risks.
The faster the trade, the higher the risk.

This also needs to be supported with sufficient capital resilience.
If the capital is still minimal and there is no backup then fast trading will not be maximized.

For safer trading, it is better to be long-term.
Buy bitcoin now and hold it or do DCA to accumulate assets so that it becomes more.