I have two different method wherein one would be to go with the market sentiment and do numerous quick trades everyday with low profit margin and this is very much possible and risk free as I don't take more than 10% risk and I do this only with bitcoin as there are larger risk involved with altcoins, another one is long term plan buying at rock bottom price during the bearish run and keep accumulating bitcoin to sell it once in 3 or 4 years during the bull run.
You might mention one for daily trading and another for long term investing. Daily trading and long term investing are two different things. When you do daily trading you have to trade for relatively less profit and if you make some money at the end of the day you have to close your trading for that day. Investing for the long term is when the price of a particular coin drops far below its normal level and at that time you have to wait for a long period of time to buy that coin. After waiting for a long time we have to sell the investment, this is a long term investment plan. 
Topic: Let's share some tips among ourselves. - page 4. (Read 842 times)
What criteria do you use when buying and selling? Let's share some tips and expertise.
From the experience that I have read and seen the continuation of speculation about tips, factors or people involved in the world of Bitcoin, they do not look at the Halving, the crisis or the investors involved in it, they focus more on spot trading, it is more profitable for them than having to wait four years, there is not necessarily a definite result.Many of them buy Bitcoin based on market developments and charts/day, week and monthly, for example: today's Bitcoin price is $26,500 they will wait for the next few days to be $28 500-$29,500 they sell, if in the amount of 10BTC they have made a profit of $2000/$3000, multiplied by 10=20k or $30k, that is a tip that I have read from several speculations that have been made by investors with 10Bitcoin funds, you know the price of Bitcoin changes every day from the downward side and increase.
Do you want to try these trips, of course you have to have knowledge of the crypto market and charts, to make it easier for you to do all that and capital.
Although the reasons you've listed are important, they just scratch the surface. I like to look at the broad picture, so I have a few methods for you to consider:
Historical Trends and Cycles: If you've ever read "Guns, Germs, and Steel" , you'll understand how historical trends frequently return. The market for cryptocurrencies, particularly Bitcoin, is not excluded. You can predict likely future moves by looking at historical trends.
External Stimuli: Eenvironmental influences were crucial in the evolution of society, and the same is true here. Beware of laws or world events that may have a significant impact on the value of bitcoin.
Technological Development: The speed of technological development can be compared to the rate at which societies succeeded or failed. Watch developments in blockchain and cryptocurrency platforms closely since they have a direct impact on the price and usefulness of Bitcoin.
Keep these in mind, and you'll soon discover that items 2 and 3 on your list start to unfold more predictably in front of your eyes. Explore more, look for trends, and let history inform your choices in the future.
Historical Trends and Cycles: If you've ever read "Guns, Germs, and Steel" , you'll understand how historical trends frequently return. The market for cryptocurrencies, particularly Bitcoin, is not excluded. You can predict likely future moves by looking at historical trends.
External Stimuli: Eenvironmental influences were crucial in the evolution of society, and the same is true here. Beware of laws or world events that may have a significant impact on the value of bitcoin.
Technological Development: The speed of technological development can be compared to the rate at which societies succeeded or failed. Watch developments in blockchain and cryptocurrency platforms closely since they have a direct impact on the price and usefulness of Bitcoin.
Keep these in mind, and you'll soon discover that items 2 and 3 on your list start to unfold more predictably in front of your eyes. Explore more, look for trends, and let history inform your choices in the future.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
The best time to buy, for me:
1. when the space has high degree of uncertainties that creates some degree of panic, especially when SEC tosses in some suits, I make no mistake about it,
2. when there is a sell off, like that of FTX this era, you'll see me buying cos it going to be profit from that point upwards
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
No.1 History repeat itself in all the previous Bitcoin halving
it is usually synonymous with the pumping of the price therefore the best period to sell part or the whole coin is at that particular period with another halving bill for 2024 thus another selling period would be unveiled for hodlers who had persevere and patiently hodl their coin for a long time.
2. A decrease in currency value due to economic downturns.
No. 2 Decrease in the value of the price of Bitcoin as a result of some negative fundamental news is a major factor I do consider for buying Bitcoin of course after a massive dump there is the tendency that price drop would continue to a certain period of time usually a bearish sentiment is usually long period thus I would adopt buying bit by bit to avoid buying a whole lot should the price continue to trend bearishly.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
No. 3 Sustainable investment would trigger the price to trend bullish and I would start to observe price action by monitoring the price if necessary to sell part of the coin or I might decide to continue hodling till halving.
What criteria do you use when buying and selling? Let's share some tips and expertise.
If we talk about Bitcoin, no specific criteria. Just buy and accumulate as much as possible "only if" you understand what you are doing.
If we talk about altcoins, depends on market behavior and trends. Riding a hype is risky but if we play it right or should I say "timed it right", we can actually take advantage of it. Of course, strategies vary per altcoin as there are lots of them.
Having specific criteria is hard to set in the volatile world of crypto. Experience will teach us the possible right next move we can consider.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
Like we all know that many nation's currencies are losing value due to inflation that is making the price of food stuff to skyrocket due to harsh economy adjustment. The government is always looking for ways to attract money to the country but due to hard decisions they have to take, they make live miserable and at the end the price of things will become expensive. For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
Most time I calculate what will be the outcome of the economy of my country and I try as much to plan ahead so that I can save more and earn more too. It is good we invest our funds in cryptocurrency so that by the time the price of Bitcoin goes up and all other coins follow along, it will balance our standard of living and make life more easily to live paying bills and having a good lifestyle.
I think it is wisest to accumulate or DCA until the halving is over and a year or more added before liquidation.
Also, the sustained participation and growth of investors these days may be dependent on how fast they make gains. Those who remain true to their investment will eventually be tempted to try other faster approach but if BTC sticks , in that it remains valuable to maintain as an asset, they just DCA better and let others know how worthwhile the effort is.
Bitcoin halving has consistently proven itself as a profitable event for me.
I wasn't an early investor, but I'm grateful that my first experience with halving in 2016 brought me substantial profits that came in 2017, allowing me to enjoy significant gains from a small capital investment. That year, not only did Bitcoin perform well, but altcoins also saw remarkable price increases. So, my strategy has been simple: follow the trend until it shows signs of breaking.
That is because halving reduces the supply of the coin and when the demand is getting higher, that could mean an increase in the price of the cryptos. It's not only easy to consistently participate in each of the halving event because it occurs after every 4 years but congratulations to you if you manage to deal with it. Other than the halvings, we also have different trends here in the crypto market.I wasn't an early investor, but I'm grateful that my first experience with halving in 2016 brought me substantial profits that came in 2017, allowing me to enjoy significant gains from a small capital investment. That year, not only did Bitcoin perform well, but altcoins also saw remarkable price increases. So, my strategy has been simple: follow the trend until it shows signs of breaking.
The key is to spot and join them early before many people noticed it as trends are not long-lasting. Nice thread here by the way @OP. It's helpful for both new and old crypto users to get some tips if some that are found here is not yet on their list.
I have two different method wherein one would be to go with the market sentiment and do numerous quick trades everyday with low profit margin and this is very much possible and risk free as I don't take more than 10% risk and I do this only with bitcoin as there are larger risk involved with altcoins, another one is long term plan buying at rock bottom price during the bearish run and keep accumulating bitcoin to sell it once in 3 or 4 years during the bull run.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
Like we all know that many nation's currencies are losing value due to inflation that is making the price of food stuff to skyrocket due to harsh economy adjustment. The government is always looking for ways to attract money to the country but due to hard decisions they have to take, they make live miserable and at the end the price of things will become expensive. For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
Most time I calculate what will be the outcome of the economy of my country and I try as much to plan ahead so that I can save more and earn more too. It is good we invest our funds in cryptocurrency so that by the time the price of Bitcoin goes up and all other coins follow along, it will balance our standard of living and make life more easily to live paying bills and having a good lifestyle.
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What criteria do you use when buying and selling? Let's share some tips and expertise.
Currently I am using Bitcoin for long term investment. And it is definitely based on Bitcoin halving by depositing a certain amount weekly or monthly in the wallet through DCA management. Initially I decided to deposit $10 per week. I have seen many people make a fixed deposit of money in the bank to get interest. In that case, if Bitcoin can be kept in the holding for a long time, I think this strategy will be much better than keeping money in the bank.Moreover, there is no chance of being harassed with data. And if we see bull run seasons after bitcoin halving then I think bitcoin will bring this investment profit several times more than that.
I only buy coins which has capabilities. The marketcap of the coin decides how much popular the coins is among the masses, so yes the marketcap of the coin is the highest factor which I consider before investing in any coin. Now when I find a coin like this, I track it for few weeks to see the growth, if I find any great pattern, then I definitely invest in it. Due to the high marketcap of the coin, I always have confidence that I will make little losses only. Nowadays I only see potential in Bitcoins, ETH and BNB, so rarely choosing any other coin to invest.
Bitcoin halving serves as a profitable event for all investors. Originally I was not an investor from the beginning but later I invested some of my money and was able to earn some profit from it. But I think it's a good sign that when the markets reach their maximum highs, it's sure to make good profits for all investors. When the bull started in 2021 all coins including Bitcoin were at their highest value and I got some good profit from here. However if a person invests now and waits for the next bull, he must note the fundamentals when investing will pay off. That is why Bitcoin should be chosen to invest and it is better to invest for a long period of time to earn good profit from it.
I'm going for number 1 this time but number 2 and number 3 are for the long term.
We all know the Bitcoin block halving is fast approaching and past actions of every block halving we experience a pump on Bitcoin before the event not during or after.
Halving is what everyone is waiting for the most, including me too. I've even been accumulating Bitcoin and other altcoins to sell when the halving hype arrives. We all know how powerful this halving moment is. The hope is of course to reach a new ATH either before or after the Halving or later in the middle of the year between 2024-2025. This will be the 4th Halving that will change the crypto market.We all know the Bitcoin block halving is fast approaching and past actions of every block halving we experience a pump on Bitcoin before the event not during or after.
the halving always have certain surprises for this community, so as long as there's positive talks on this market, we may expect that we will have positive movement as well. however, you need to be conservative with your estimates especially if your financials are not that too big to accommodate losses.
but if you are looking at a certain period that you need the funds, better consider your options. as you may likely end up selling at a lower price.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
According to the history, Bitcoin halving really affect the price of Bitcoin, but this will happen in every 4 years. If that strategy you are using meaning you are a long term investors. I'm not against with you because it's your decision and it's a safest time to invest Bitcoin. Personally, 4 years is quite long to wait before you invest that's why since I have knowledge how to analyze the market I used this to invest short term in Bitcoin and some times I do trading. For me, the three most significant factors are as follows:
1. Bitcoin halving.
I'm going for number 1 this time but number 2 and number 3 are for the long term.
We all know the Bitcoin block halving is fast approaching and past actions of every block halving we experience a pump on Bitcoin before the event not during or after.
Halving is what everyone is waiting for the most, including me too. I've even been accumulating Bitcoin and other altcoins to sell when the halving hype arrives. We all know how powerful this halving moment is. The hope is of course to reach a new ATH either before or after the Halving or later in the middle of the year between 2024-2025. This will be the 4th Halving that will change the crypto market. We all know the Bitcoin block halving is fast approaching and past actions of every block halving we experience a pump on Bitcoin before the event not during or after.
we don't know to what extent the market price will correct so it is difficult to enter at the right time even when the market is bearish.
And indeed, in trading we must have a target to make realistic profits for sure and because of that it requires several strategies and also patience to achieve it all.
What you do is a simple thing that is quite good, if you have strong patience then it is very likely that you will achieve many benefits.
However, this is different from me, who uses a lot of strategies in trading by looking at several indications so that I can have a fast turnaround, winning is quite risky, but I think it will be very worth it.
And indeed, in trading we must have a target to make realistic profits for sure and because of that it requires several strategies and also patience to achieve it all.
What you do is a simple thing that is quite good, if you have strong patience then it is very likely that you will achieve many benefits.
However, this is different from me, who uses a lot of strategies in trading by looking at several indications so that I can have a fast turnaround, winning is quite risky, but I think it will be very worth it.
I am more of a long term holder, so I don't do day trade since it needs a lot of monitoring and is tiring for me. My indicator is that, my reentry point is when the market price moves below my selling price. Then since it is a bearish market, I average down every dip. I don't buy in one go, I do accumulation every lower low until I think I have accumulated enough then set a realistic target price not waiting for Bitcoin to break its ATH. I do not want to get greedy since it can eat up my time and effort, so I am happy with a bit of profit as long as it is not a loss trade for me.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
I think No. 2–3 will not be effective for scalpers who like day trading or short-term trading. Also, another such opportunity is that most communities in this industry are now preparing for the upcoming Bitcoin halving and bull run.
And one of the main things that crypto or bitcoin enthusiasts are doing right now is doing the dollar cost average; they don't want to miss the opportunity that will come next year's bull season. Even though two bull runs have passed, I have not even prepared to hold anything to make a profit in this matter, so this time too, I will not allow myself to keep anything.
I just consider two things,
1. buy when in bear market
2. sell when the target price realized probably during the bull market.
I accumulate when there is a bear market. With bear market, the price of Bitcoin is tanking and mostly it can be bought cheaper. Bear market lasts for months to years, and with this span of time, we might see several dips or what they called lower low, and that is the best time to buy BTC.
In selling, I do sell on a target price. So obviously it is when the Bitcoin price is surging. I do not know what the peak price is when Bitcoin is uptrending so I just set a selling price and sell may coins when the target price realized.
we don't know to what extent the market price will correct so it is difficult to enter at the right time even when the market is bearish.1. buy when in bear market
2. sell when the target price realized probably during the bull market.
I accumulate when there is a bear market. With bear market, the price of Bitcoin is tanking and mostly it can be bought cheaper. Bear market lasts for months to years, and with this span of time, we might see several dips or what they called lower low, and that is the best time to buy BTC.
In selling, I do sell on a target price. So obviously it is when the Bitcoin price is surging. I do not know what the peak price is when Bitcoin is uptrending so I just set a selling price and sell may coins when the target price realized.
And indeed, in trading we must have a target to make realistic profits for sure and because of that it requires several strategies and also patience to achieve it all.
What you do is a simple thing that is quite good, if you have strong patience then it is very likely that you will achieve many benefits.
However, this is different from me, who uses a lot of strategies in trading by looking at several indications so that I can have a fast turnaround, winning is quite risky, but I think it will be very worth it.
The criteria I used when buying and selling is when the price is down a lot or when my time for DCA comes. The selling time is when the price reaches my target price, but if it does not happen, I will continue my DCA until the price increases.
This mean you must have a strong psychology and strategy adjustment plans to be able to keep up with being patient to wait for your targeted selling and buying time. Not all traders can align fine with this.
For anyone that doesn't have a lucrative source of income that can maintain his overall needs setting a selling target and falling back to DCA when target is not met can be hampered as the trader may be forced to sell even when the target hasn't been met especially when there's profits already made. So if anyone chooses this type of strategy he should be sure to have other strong income source other than cryptocurrency.
I don't have a big source of income but I just adjust to existing sources of income. For example, this week I have more expenses than last week and I can't buy this week, that's okay and I don't force myself to buy. I'm sure I'll be able to buy more next week.
All are based on practice, while other things adapt to circumstances. That's the only way I could survive until now.
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