Topic: Opinion Piece. Please share your Opinion on Crypto trading Questions (Read 244 times)

I also feel what you are saying here. Trading only one pair is really of advantage because it gives you the much time needed to focus on it, you will have time to read your chart and analyse properly to get a maximum benefit of it unlike trading multiple coins just for greed and yet there is possiblity that at the end you lose both multiple trades. To trade a pair and focus on it gives you concentration to monitor it incase the trade is going wrong you can opt out or you may want to adjust your stop loss or take profit parameters. I have witnessed this, to trade few pairs gives better focus than having multiple pairs which effect is greed.

You're doing a good job when you focus on one thing. And when you've established it well, that's the kind of thing where you know you'll actually make money with Bitcoin at the end of the day. The important thing is that you achieve our goal and target.

Now that we're going to keep that, it's up to us now if we want to increase our coin resources apart from the Bitcoin that we trade on an exchange. Just make sure that we also know the right step and the right crypto that we will add besides Bitcoin.

And when our first established resources are affected, it just means that it is not the right time to add resources; therefore, you have to stick to Bitcoin.

OP, are you asking who are the actual traders in BitcoinTalk who truly do it professionally? I believe none, they don't go here in the forum.


Personally traded shitcoins before, currently HODLing Bitcoin, but I MIGHT trade shitcoins again if it's an opportunity to increase Bitcoin.


Buy the DIP and HODL, if you can call it a "strategy"? Let's merely call it priced-based entry, time-based exit.


I don't know. Haha. I use Luck Analysis.


As a pleb, no favorite, everyone is asking for KYC.

What's your favorite?


"Without an exchange" for actual trading? That would be a miracle, OR a service with high asking fees.

Someone who uses crypto for trading into another crypto or fiat.

I do the latter.

Almost any strategy that I'll do as long as I think that I'm on favor, I'd do any of it.

Mostly in fundamentals with a little bit of TA.

Binance.

P2P I guess.

Before I used to trade a variety of coins depending if there was a profitable opportunity, but as time progressed I decided to focus on trading only one coin "Bitcoin", and to be sincere I saw tremendous success with paying all my attention to one coin, and with time I began to understand Bitcoins behavior and they way to react with its price movement.

Crypto trader is a person who speculate the next price action based on some Technical and fundamental Analysis to have an edge over the market.


I trade mostly BTC/USDT and occasionally ETH/USDT, the price movement of Bitcoin usually dictate the movement of other cryptos.


I only use one trading strategy which is based on breakout of price and retouch of the resistance and support zones thus I capitalize on volatility of the price.


I solely rely on Technical Analysis for taking any trading decision and checking and getting updated on Fundamental news is most because it can make or mar the outcome of any trade.


Binance is my favorite exchange because of it numerous features which are topnotch and it platform is user friendly and easily navigable.


No.

1. The ones who do trade with crypto. lol
2. Bitcoin mainly but on the time that i do see some good entries specially on alts, then i do tend to engage and take that opportunity
3. Technical analysis, support and resistance lines, MACD,RSI,BB,EMA and some mix of stochastic
4. If there's fundamentals or news then i do try to correlate it with my TA's and see if it do perfectly match up.
5. Binance and OKX
6. What you do mean? Trading on other form would be in means in P2p which you could possibly able to do on an exchange.

Trading with an unpredictable market is really that hard. You would really be needing to find combinations and possible entries which you could really be able to take advantage with.
Its a continuous process because finding up some good entries and trying out to maximize on whatever things would be then it would be always that necessary or ideal.

Here are the answers pf your questions, I will try my best to understand them for you in a short sentence ,.
1- That person who invests in cryptocurrencies just to take profits from it is the crypto trader.
2-No I am not only focusing on bitcoin but also Ethereum etc. and yeah my priority will always be bitcoin.
3- I follow only one strategy nowadays which is day training which gives me good profits.

4- No I followed the bot because it is very necessary for  a successful trading
5- Mostly I used Binance which is less complex and easy.
6- Yeah there is another way that you used without exchange is P2P

Why do you think that? Especially in day trading it is important to bet on coins with a lot of volume to be safe from too violent swings where then immediately stop losses would take effect. Here Bitcoin is much better suited than smaller coins with less volume. Also, day trades are repeated very often per day, so individual swings hardly play a role. If you need the risk, you can still use leverage ...

Yes, Bitcoin is known as that but there are times that Bitcoins becomes stable while altcoins are now the ones who move up and down, so it's not also wrong if we can add altcoins as a back up so that we can continuously print money. Two is better than one as they say, so it's also better to have more than one strategy. I guess that is because the market is changing from time to time. It is unexpected so it's important to have a back up strategy, just like what we do earlier or to have a back up crypto once something bad happen to the first one that we are using.

When it comes to analysis, I think it was technical is the favorite of the traders, but it's not wrong to include fundamental if we think we can benefit on it as well. As for the type of exchange, that's right, many prefer CEX even though it requires KYC. I guess that's because it can do a lot of things, or it's also much easier to navigate on it than the DEX.

Many of the day traders do not trade bitcoin pair. Altcoins make better movements than the bitcoin and it is the movements that brings profit. So, majorly altcoins are traded more than BTC.

This question should not have a specific answer. No one uses only one strategy. Infact, strategies are tested against the other to validate it.

Combination of both. Before now I thought technical has it all but now I have learnt the power of fundamentals and respect it even more than I respect technical. But the knowledge of both will make you outstanding.

Any exchange that you will be sure to meet tomorrow when coming to trade again.

A person who trade crypto regularly.

Before, I trade other cryptocurrencies, but because I encounter couple loses trading with alts I decided to trade only Bitcoin for now.

I don't think if I call it many strategies but I'm sure that I used them as confluences in my trades.

As a trader, I usually focus to both because you have to identify that there's no manipulation that will going to happen when you trade.

I have tried many exchanges but for trading I only use Binance.

I don't think so, maybe P2P.

1. Who is a crypto trader?
Ans: anyone who regularly buys and sells crypto for speculative purposes is a trader.

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2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?
Ans: I trade almost all the major Cryptos and even some mid cap Cryptos as well but only sometimes.

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3. How many trading strategies do you use and which is your favorite?
Ans: I used a complete trading system, in which I buy when my system which is a set of price action, indicators and volume data triggers a buy/ sell call

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4. As a crypto trader, do you focus on technical analysis only, fundamental analysis only or you rely on a combination of both to informed trading decisions?
Ans: I think fundamental analysis in crypto is a greatly flawed until now. It's only news and events which are beneficial because products can be very good on paper but look rubbish when implemented. Quantitative data is better.

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5. As a crypto trader what is your favorite crypto exchange you use for trading?
Ans: Binance

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6. Are there other ways you trade crypto without using an exchange ?
Ans: yes obviously p2p basis but obviously it's not that fast so can't be used for trading and also not for people who like to regularly do trading.

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1. there is a term for people who buy, hold or sell crypto (bitcoin or altcoin)
2. Bitcoin is my main focus but i not only trade on Bitcoin, i also trade on 2 other altcoins ^{(i still implement the strategy of not putting money in just one basket)}
3. So far i have implemented 2 trading strategies, that is contrarian trading and long-term trading, both of which are my favorites.
4. the combination of both ^{(technical analysis & fundamental analysis)} is very important.
5. only 2 exchanges where i trade; those are binance and kucoin.

1. A crypto trader is someone who buy and sell crypto in an exchange for profit.

2. As a trader only one cryptocurrency wouldn't be a wise decision to depend on alone,so I also trade on other cryptocurrency.

3. It depends on how the market movement is that gives me the right strategy to use.

4. I use both the technical and fundamental analysis because they are important,if you want to be a successful trader.

5. I use more of Binance for my trading activities.

6. Yea, apart from exchange there are some WhatsApp group that are also into buying and selling of crypto but you should have a trusted person to trade with. Physical contact is also good,when you have a people around you that are into crypto,you can let them know that when they want to buy or sell they should contact you.

That person that trade cryptocurrency for profit by buying or selling it depending on the direction of the market.


Any pair that has possibility of profit but most times btc pairs.


One strategy at a time


Both TA and FA


More of Binance, I don't like to be confused 


Well it depends, if you consider P2P or arbitrage.

1. People who trade cryptocurrencies in the hope of profiting from price fluctuations that occur.

2. Not only bitcoin, but I also trade several altcoins that have good potential.

3. Just a little, using a combination of RSI, MA, and MACD is enough for me, and fast trading or scalping is a favorite.

4. Rely on a combination of technical and fundamental analysis, it is important to combine them because they are all interconnected.

5. Bitcoin, ETH, BNB, and several altcoins that have the potential to provide big profits.

6. No, I only trade on the Exchange because it is the easiest to access. Exchanges provide convenience but you also need to be careful.

Anyone who trades crypto is a crypto trader, this isn't really a question that should be considered depending on the person, if you trade crypto then you are a crypto trader, it's simple. Trading is a thing you can do anything you want with, bitcoin is the thing I trade the most but not only thing, I trade other stuff a bit as well.

Just a few of them, but I rather not share because if people make a mistake then I do not want to be reliable about it. Combination of both FA and TA together, TA is better on the short term and FA is better on the long term. Binance is by far the best one for me, that is the only one I am using now, used more than a dozen in my life. Not me, there are ways, but not me, I don't do it.

Someone who buys, sells, or exchanges cryptocurrency for short-term or long-term profits.

Now I only trade Bitcoin. Due to the lack of enough data, I feel that I can not do much with altcoins. Bitcoin is easy to analyze (only if you know the stuff obviously) and its huge available data helps in that process too. So I am into Bitcoin right now.

I like to have more than 3 strategies. One for scalping, one for day trading, and if those fails, I try to use long term strategy to make a profit or close the trade with minimum loss.
[Note: I use SL to prevent huge losses.]

Technical analysis is always going to be my first choice. It's based on algorithm and calculation. But with fundamental analysis, it's a bit hard to predict and anything could happen. So I just watch the market when the market is driven by fundamental events and not open any trades.
I like to be on the safe side. My personal choice is Binance though it is facing some tough times right now. So I won't recommend it. My next choice is Kucoin. But here's the thing. I keep my assets in them only in times when I really need to. Like open trades. After that, I withdraw my assets to a personal wallet. Not your key, not your coins.

I am not familiar with such a thing. But you can say that whenever I need fiat money, I sell crypto. So that could count as one. Maybe. I am not sure tho.

Yes, we know we each have our own strategies and ways of trading crypto, that's for sure, but if you want to know a little about how we do it, that's an extraordinary thing and we humbly tell and answer for you.

My personal experience of crypto trading.
Of course, we have been preparing from the past until now, to carry out trade.

yes, I only do Bitcoin, one thing, no other types of crypto.

There is no strategy, what I actually do, just based on my personal instincts.

yes, I only use technical analysis, it is based on my own technical and personal analysis, not based on other people's thoughts.

first Binance and second my local exchange.

As far as I know, there isn't one yet. )(If there is I haven't tried it, other than on the stock exchange.

That's my answer to your current question, I hope it's useful.