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Topic: Let's share some tips among ourselves. - page 5. (Read 842 times)

sr. member
Activity: 1372
Merit: 348
September 19, 2023, 05:39:30 PM
#30
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.
hero member
Activity: 2982
Merit: 610
September 19, 2023, 04:56:27 PM
#29
This is what I did. I buy when - there are market corrections and I sell - when I already see a profit. This means that I only rely on the market sentiment and take advantage of the volatility of the market - up and down.

As a holder and trader, every up and down is an opportunity to earn which I believe that most of us see it through. We can use the volatile feature of the market to make money in the crypto space. Here in crypto, it is not just we have a concrete plan but must also have an effective way of investing.
legendary
Activity: 1974
Merit: 1157
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September 19, 2023, 03:16:54 PM
#28

1. Bitcoin halving.
This Bitcoin halving will be a sign that we are getting closer to big bullishness which will give rise to a new ATH, but we are also ready for various manipulations carried out by whales to get cheap prices before the halving occurs.
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2. A decrease in currency value due to economic downturns.
The economic crisis will indeed have an impact on decreasing the value of the currency and this will be an opportunity to buy Bitcoin or other crypto. But is bitcoin going down too or not? During a crisis crypto will rise but when the economy strengthens crypto will fall. it will be a moment to buy and sell.
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3. Sustained participation and growth of investors.
Seeing investors who are starting to be interested in a project, then we have to monitor it and if the project is good with the number of investors starting to increase, then coming in for a few dollars is good enough and will sell when the project is successful.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
September 19, 2023, 02:19:52 PM
#27
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.

4. News
5. Hype/Fud
6. Technical indicators
7. Fundamentals

Totally really just the same if we do speak about those words above or simply that connected. Buying and selling decisions would vary into each person because not all would really be that
ending up on having the same decisions when it comes to this matter due to several factors that might really affect someones investment decisions. The important thing on here is that you should
really not make yourself get easily influenced by other people or rely into their tips and suggestions with your investment decisions which bare in mind that we are all speculators on here
and its normal that you would really be needing to rely on your own but its not bad to snip out some idea from others but dont totally rely on it 100%.
sr. member
Activity: 1386
Merit: 406
September 19, 2023, 01:03:33 PM
#26
3. Sustained participation and growth of investors.
Point number three may refer to investors' long-term investments. As an investor I like to invest for the long term. Before every investment I have a plan that I will invest for long term and also I have an idea of how much profit I can get after that long period of time if I invest for a long time. According to my opinion, if my investment is profitable before I wait for a long time, then I sell my investment immediately.  
After selling the investment during that period, I again wait for the market to come back to a good state from which I can once again make a profit. This is basically how I think as an investor, and I've seen success with thinking this way several times.
sr. member
Activity: 854
Merit: 364
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September 19, 2023, 12:48:21 PM
#25


It all boils down to market sentiment. Mostly it's not even the decreased supply distribution through the halving that causes market upticks — it's mostly the fact that people think they need to invest more money in the asset due to decreased bitcoin units being distributed. It's mostly only narratives in the short-mid term.


Do you agree that sentiment is embedded in charts?

I don't think that everything boils down to the market sentiments. But I do agree that having only can not affect the price of BTC but it does have some impact on the market. Because everything revolved around the halving of BTC, for example, if a person would have known about halving then he would make a decision that could make him some good profit. Like in holding purposes.
In addition dear Hearbit OP, I did not understand your question, market sentiments have no link with charts, in market sentiments there come actions that are based on emotions. For example FOMO etc.

And for OP, you have shared some good tips and these basically cover all the main pinpoints that a trader and a holder keep in mind before making any trade in the crypto tokens.
hero member
Activity: 1834
Merit: 879
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September 19, 2023, 10:49:16 AM
#24
What criteria do you use when buying and selling? Let's share some tips and expertise.
The most effective of them all for the biggest profits is the use of technical analysis combined with broker leverage, but this comes at the cost of being liquidated should the markets go against you and the downside of this strategy is that it isn't beginner friendly!

But if you are for the idea of trading with technical analysis then best to remove the leverage and buy/sell without the risk of being liquidated and profits are slow and steady.

For me, the three most significant factors are as follows:
1. Bitcoin halving.
Tbh, I thought targeting the halving was the holy grail of trying to maximize profits , but unfortunately, the effects of this take way too long to be realized for us retail traders to consider this strategy...unless you are a whale or something that doesn't mind a 5% , 10% raise because the profits aren't some small numbers!
hero member
Activity: 1428
Merit: 513
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September 19, 2023, 10:33:50 AM
#23
I do like adoption stories, there will be a decent thread covering this topic as well, but I'd like to get the reference if possible.
I did not create a separate topic to share my story of how I came to know about BTC and crypto. But I shared my story whenever I got the opportunity. Actually, I would like to share it again, I tried to spend some time back in 2018 in earning online money. And came to know about crypto and spent a lot of time on many fake and scam projects, mostly spending time on virtual mining of BTC which was a total waste. And then I came to know about a browser which mine at the same time as surfing it. And only that browser rewarded me some BTC which was worth some cents.

https://ninjastic.space/search?author=Faisal2202&content=2018
You can find some references to the posts in which I shared my story by clicking on the above link. And tbh I am actually shocked to see how many times I referred to that story.

TA, I think holders do TA as well because just holding is not an efficient approach some decent decisions are necessary for better holding as well and that really requires the FA & TA.
You are right, but I said I don't do that, I did not say, that not every holder does TA I said I don't do TA in holding. I hope you understand my point.
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
September 19, 2023, 10:30:08 AM
#22
Do you agree that sentiment is embedded in charts?
It can be, to some extent. Through looking at open interest and such.

This is also what makes it so dangerous, in my opinion, to assume a start of the bull with the coming halving (probably in April 2024). Everyone assumes that the halving will usher in the next run, but there is absolutely no guarantee of that, certainly not the shortage of supply of "new" Bitcoin through mining.

However, you can already see "well-known" crypto-influencers promising viewers the blue of heaven and arguing that it was the same in the past. Three cycles, where the halving has actually heralded the bull, do not allow for a guarantee for the future.
Exactly, hence why I'm a bit skeptical. I still don't know what's going to happen though, so I'll make sure I have dry powder if ever we see the opposite of what most people are expecting to happen.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
September 19, 2023, 10:14:13 AM
#21
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.

Getting specific to Bitcoin. I don't prefer and recommend (ATLTs) as well to anyone.

As per IMO, I would like to choose the Bitcoin Halving in the current time and the 2nd point for the future perspective. 3rd point carries some weightage as change in the narrative market grows and from the historical data, it's clear as glass that every narrative brings a higher adoption rate.

Moreover, I think sentimental analysis and time-to-time market development awareness are also important.


I have shared my story a lot of times, but here is the short version, that I came to know about BTC in 2018 but came to know about this forum in 2021.

I do like adoption stories, there will be a decent thread covering this topic as well, but I'd like to get the reference if possible.

I think technical analysis is also necessary but I honestly don't do TA as I am a holder and do DCA and that's why I don't really spend time on TA.

TA, I think holders do TA as well because just holding is not an efficient approach some decent decisions are necessary for better holding as well and that really requires the FA & TA.
legendary
Activity: 2520
Merit: 3054
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September 19, 2023, 10:06:00 AM
#20
It all boils down to market sentiment. Mostly it's not even the decreased supply distribution through the halving that causes market upticks — it's mostly the fact that people think they need to invest more money in the asset due to decreased bitcoin units being distributed.
This is also what makes it so dangerous, in my opinion, to assume a start of the bull with the coming halving (probably in April 2024). Everyone assumes that the halving will usher in the next run, but there is absolutely no guarantee of that, certainly not the shortage of supply of "new" Bitcoin through mining.

However, you can already see "well-known" crypto-influencers promising viewers the blue of heaven and arguing that it was the same in the past. Three cycles, where the halving has actually heralded the bull, do not allow for a guarantee for the future.
hero member
Activity: 2254
Merit: 680
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September 19, 2023, 09:59:16 AM
#19
None of the above for me.
Buying: I don't need as much money as I earned at that time for quite a long time. I'll buy some to accumulate.
Selling: I have desires that I can't fulfill with cash, I 'l definitely sell some.
I can convince myself about the price after the halving, but I can't convince myself about the age.
hero member
Activity: 1428
Merit: 513
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September 19, 2023, 09:34:55 AM
#18
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 don't really understand what is the benefit of 3rd point, I think you are referring to the adoption rate. Like the current adoption of the ETFs, and many governments towards BTC. If that's the case then you have mentioned some good factors. As one of the main factors is Bitcoin halving. Because when I was a newbie I did not know about halving and sometimes I think if I had been aware of BTC halving at that time (2018) I would definitely have bought some BTC.

I have shared my story a lot of times, but here is the short version, that I came to know about BTC in 2018 but came to know about this forum in 2021.

Well, the factors on which I mostly keep an eye are BTC halving and the fundamental analysis. As in fundamental Analysis, your 2nd point comes. In which we keep an eye on the world economy and how new companies and adoptions and news are affecting the market and how we can use it for our own benefit. Other than these 3 factors, I think technical analysis is also necessary but I honestly don't do TA as I am a holder and do DCA and that's why I don't really spend time on TA.
legendary
Activity: 2702
Merit: 4002
September 19, 2023, 08:47:23 AM
#17
Buying and selling differs from investing or saving as it refers to trade, which is not affected by the factors I mentioned since they are long-term variables or cannot be felt in the foreseeable future, expressed in a week to 3 months.
Personally, I do not prefer to indulge extensively in alternative currencies, so the investment plan in trading will most likely be related to stable currencies or speculation in the price of Bitcoin and pairs that have a future such as BTC/ETH, which will both rise if we compare them to the dollar.


2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.


These are reasons for long-term investment.
hero member
Activity: 3136
Merit: 591
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September 19, 2023, 08:46:45 AM
#16
What criteria do you use when buying and selling?
Very simple.

  • I buy when I've got spare money.
  • I sell when I need money.

That's the formula that I have been doing and after learning from my past mistakes. It made me better that I need to make sure that I am able to at least buy when I have spare money. The reason for that is to lessen my eating out and allocate that to investment and that's none other than Bitcoin.
sr. member
Activity: 2366
Merit: 332
September 19, 2023, 08:01:18 AM
#15

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.

This is a very strong indicator to trade which could be a buy or sell signal depending on the direction of investment. If investors are throwing in more money then it is expected to cause a bull rally or volatility which means if you buy at that time as a spot trader you are likely to make profit. This is same if investors are pulling out there money you expect price to crash also. So this is a good sign to take a market decision but always don't throw in all you have in the market at a time because of a conviction you have because price might change.
legendary
Activity: 1750
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September 19, 2023, 06:24:36 AM
#14
Is this limited only to Bitcoin, or include other coins? I chose the first option. for a good run and preparing for the all-time high I didn't urge too much to invest a lot as long as I can ride with the market volatility this coming halving its good profit is profit at the end of the day, next, I invest to the coin I can see potential and makes a plan when to sell I didn't always hold coins beside in bitcoin so I didn't take too much seriously in taking long term goal. Ideal to learn with the basic fundamentals of trading so this serves as a guide with future position executions I guess this is the most basic and yet must every beginner must need to understand.
hero member
Activity: 938
Merit: 605
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September 19, 2023, 06:19:33 AM
#13
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.
hero member
Activity: 2996
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September 19, 2023, 05:22:09 AM
#12
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.
1. Bitcoin halving's effect is certainly going to make the price higher for BTC and majority of the crypto market and that's why it's always the best time to sell on that time.

2. Just like during the covid and war of Russia and Ukraine, those were factors that have probably also made a huge demand for BTC.

3. Simply the demand has increased over time.
hero member
Activity: 1120
Merit: 504
September 19, 2023, 04:41:01 AM
#11
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.
Unfortunately these three criteria are not included in my criteria when I want to sell something, including when I want to sell Bitcoin. Because I will only sell something when I see a profit and the amount of profit is exactly what I want, whether that is when I trade or when I invest for a certain period of time in several assets. But for the criteria you outlined, it's not too bad if someone wants to follow it, but it will be more complicated because it will take additional time to keep getting updates consistently so you don't sell at the wrong moment.
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