Topic: Opinion Piece. Please share your Opinion on Crypto trading Questions (Read 245 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.

I see that everyone who bought cryptocurrencies and traded randomly once or twice and succeeded in doing so calls himself a crypto trader, and perhaps some of them will come to the point that, after a week, they will identify themselves as a crypto expert, and all of them are descriptions of random experiments in trading that led to making profits without having an educational or economic background. Or real reasons why you traded or bought at a certain time or sold at a certain time. The basis of trading for me is news. Anyone who does not have sources that can give him news at an appropriate time and analyze it correctly is not trading in my opinion.

Traders are either very professional to get profit from trading or very greed to trade without much knowledge or experience with hope to get profit but in fact they get loss.

If they are cryptocurrency traders, they trade both Bitcoin and cryptocurrencies (altcoins).
If they are Bitcoin traders, they less likely trade altcoins.

I look at big trend and trade with it because a trend is a friend.

I focus on trading volume, on chain insights, EMA200.

Above.

Binance.

If I trade, I use Binance.

If I don't trade, but cash out, I use other exchanges, peer to peer or Non KYC exchanges.
https://kycnot.me/

1) A crypto trader can be defined as a trader who owns cryptocurrencies and trades them on a regular basis.

2) Trading requires that you exchange things, buying Bitcoin is not just trading, but rather an investment. There are several strategies, the most famous of which is DCA.

3) Trading strategies vary depending on the trading pair and the goal of trading, but most often the strategies are to buy before changes occur by following the news or relying on technical indicators.

4) A combination of both.

5) There is no preferred stock exchange, but it varies depending on the country and the purpose of trading.

6) This is like buying and selling without a market or intermediary, it is not possible.

1. A trader that deals with crypto...? Is this a trick question or you just generally don't know.

2. I myself trade with other cryptos, in the past it was only Bitcoin but after having a bit more money, expanded my portfolio to a few other altcoins.

3. DCA, if you count that as one. That's the only strategy I'd probably ever use since I have no plans in trying to go full-time in trading. I don't think strategies are that relevant unless you're a full time one.

4. Fundamental Analysis. I have no idea how charts work sometimes really.

5. There isn't really any "best" for me, I just use Binance for the comfort of it.

6. Does DEX count as an exchange? P2P works as well.

From the responses I got, most persons trade Bitcoin and altcoins but mentioned that they are comfortable trading Bitcoin and avoid altcoins because of their high volatility. As for trading strategies, they use more than one trading strategies. Also to be able to make informed decision, most of the traders use a combination of both technical and fundamental analysis. I'm terms.of trading platform, the most preferred is from the majority of responses is the centralized exchanges. Interesting. Thanks to everyone who responded.

Haha, weird I'm Crypto Trader...


Hmm, Well mostly do trade with Bitcoin but sometimes, Altcoins as well, but I'm only centred in the Crypto market so, simply you can say I do trade with  Crypto market.


Hmm, well I'm not a short-time trader, except for the particular market sentiments, For Bitcoin obviously DCA, sometimes Seasonal token hunting, and Da trade with the most possible profit. But DCA is my all time favorite, it better suits me.


Trading decisions taken are mostly based on the combo of technical analysis and fundamental, But as for now you better know the market is completely ignoring both of them and moving along with the sentiments, so sentimetal analysis is necessary before taking any sort of trade.


Mostly for trading, I like to use the centralized exchange, as I don't prefer that to everyone but seriously it saves a lot of headaches. Decentralized trading is something that i used to prefer but I'm not regular to that, for some reason, But it doesn't matter at all because my traders are mostly on longer time frames so mostly my funds are not on the non-custodial wallet. In CEX I used to prefer the Kucoin exchange.


Yeah, there are, something called P2P. 

1. Anyone who buy and sell crypto.
2. Bitcoin and other currency
3. Buy low and sell high is my only strategy. I’m not a full time trader so I only purchase  whenever there’s a buy opportunity such as huge dip like now.
4. I don’t care much both TA and FA as I said already on number 3 answer. I only purchase whenever there’s an opportunity so I only trade base on the current situation.
5. Binance
6. Yes, The forum marketplace but it will require great caution and extra fee for escrow that will push you to just use an exchange.

1. Basically a crypto trader is a person who buys and sells cryptocurrencies, such as Bitcoin, with the goal of making money.

2. I do actually engage in trading cryptocurrencies.

3. It depends. Personally, I find that trend-following trading strategy is a timeless and has been proven to work. There are numerous studies that support its effectiveness.

4. Choice between using technical analysis, fundamental analysis, or a mix of both depends on the trader's personal preferences and goals.

5. As a crypto trader, I prefer using Binance as my favorite crypto exchange for trading. Sometimes, I also use Kucoin and Bybit on occasion.

6. NO.

To trade profitably there has to be combination of numerous factors to analyze the market that helps better or enhancing your trading experience such as; putting fundamental and technical analysis into consideration. One thing you could find among traders is that some are technically dependent traders, while some are traders that are fundamentally dependent or make one of the two a subordinate in their market analysis.

It makes a lot of sense to have more than one or two trading strategy to navigate the market.

Of course, the person who has knowledge of crypto that he wants to trade.

I trade them both and it depends on the situation or condition of the chart in its movement.

That depends on the tools you want to use in your trading activity.

I didn't just focus on TA and FA, it still depends on the market situation.

Binance, Bybit, Okx, and Mexc at the moment

There is one here in our area via online where I transact with them.

A crypto trader is someone or a trader that makes use of cryptocurrency trading to make money. It can be through arbitrage trading, trading in the spot market, but those that are most regarded as a crypto trader are those that trade in the derivative market. But all those that I have mentioned are all crypto traders as well.

I do not have a perfect answer for that. Most of my trading this year are bitcoin trading, but I trade altcoins as well. Altcoins are more volatile and are riskier. I can change from one to another at anytime, which can not make my answer here to be accurate.

But I like to let people know, especially the newbie traders, that altcoins are riskier and dangerous. But not that trading is also not risky generally, but bitcoin is less volatile.

This can not be answered because strategies are just strategies.

Illustration:
You have 0.005 BTC. You are using 0.001 BTC to trade. You use stop lose, take profit. You do not use SL or TP but prefer averaging. You use indicators like BB and RSI. All these that make you complete a successful trades either you gain or lose are the strategies. So you can not ask how many strategies someone use to trade.

I focus on technical and fundamental analysis.

I use Binance, Bybit, OKX, Huobi global and Kucoin. Recently I am using BitMart but not really.

No.

Even about exchanging cypto to fiat or fiat to crypto and if I do not use a centralized exchange, decentralized exchanges that I use are still exchanges.

Crypto traders are definitely people who have decided, or are interested in trading in crypto. What is certain is that the person must be prepared for all the consequences/risks.

Broadly speaking, I invest and trade in bitcoin and some altcoins (crypto). But most of my money is invested in bitcoin, which I earmark as my long-term investment asset. And the rest of my money is spread into several altcoins (crypto), which are intended for short-term and medium-term trading.

I personally don't use too many crypto trading techniques. But I only use the DCA technique, which in my opinion is more than enough to make my crypto trading continue to grow.

Of course, I use both techniques. Because in my opinion the two techniques are very important and must exist with each other. And not only these two techniques, I also use sentimental analysis to see emotional market movements.

For now I only use binance. Because binance is the best crypto exchange in the world and also has a huge trading volume. And besides that, binance also has a good reputation.

Basically, I definitely can't. Because the exchange is a place for cryptocurrencies to be bought and sold.

However, this is possible by using P2P directly, without intermediaries such as exchanges, and by sending crypto from wallet to wallet.

5. For, I am currently using Bybit as they have this amazing user interface and user experience, It is very user-friendly especially their mobile application, and easy to use. Another I am using is Binance.

6. I think for this, it is more likely you will use peer-2-peer off the exchange, like not using any crypto exchange platform, like buying/selling to someone like personally or having in contact in social media or any communication just to be able buy and sell crypto.

1. A person that trades crypto?

2. Other cryptocurrencies, and stocks.

3. Nothing specific. But I trade based on narratives and based on protocol metrics.

4. Exclusively fundamental analysis. Though when I want to buy a coin and it just keeps on dropping, I wait for a small bounce before pouncing in. That's pretty much the only price chart thing I do.

5. DEX aggregators: 1inch, Matcha, etc.

6. Pretty much OTC is the only way to trade without a CEX/DEX/P2P? But no I haven't used OTC.

Hi all,
I have some questions to ask y'all about trading from your personal point of view. I am looking to learn and put an opinion piece about trading. So your responses will be much appreciated. I decided not to make it a poll because it will limit the responses I get and I want y'all to be free to express yourselves based on your experiences.

1. Who is a crypto trader?

2. Do you only trade Bitcoin or you trade Bitcoin and other cryptocurrencies?

3. How many trading strategies do you use and which is your favorite?

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?

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

6. Are there other ways you trade crypto without using an exchange ?