Topic: Safest trading strategy - page 9. (Read 1977 times)
We all know that the easiest way to get profit is to buy low and sell high. But in order to work on that theory, you need to have your experience and psychology to be good. Controlling the psychology of trading will make it easier for you to succeed in this market
The safest I think is get your trading stuffs such as tokens, crypto in a way where you do have to invest large amount on it. Accomplish tasks, do campaigns and get alt coins and other cryptos. Then you can use that as a capital for your trading. It may not be that fast, for these type of work requires long time before getting some amount. However, if just only for safety purpose, I think that would be the one. Very low risk but can give reasonable return.
All trading matters are from the state of mind of the trader. The best strategy is to buy cheap and sell expensive, I think that method is the easiest and most convenient way to do it. It's a daily trader strategy, and it works for them because they only have to convert and get back Bitcoin at any time with the help of stable currencies.
Using such a strategy will be very reasonable, I think. Trading with Bitcoin is the safest and most correct strategy. In addition, Bitcoin is the asset that is guaranteed to bring you profit.
If you didn't have a lot of money and you should never try to use bitcoin to trade caused by you get nothing from there. Quote
Bitcoin doesn't give you guarantee to get the profit anytime and you could get a big loss too caused by the dump from the whales. This is a very wrong statement dude.
There is no such time as profiting any time,remember that you are here in cryptocurrency where everything is volatile. 
Using such a strategy will be very reasonable, I think. Trading with Bitcoin is the safest and most correct strategy. In addition, Bitcoin is the asset that is guaranteed to bring you profit.
If you didn't have a lot of money and you should never try to use bitcoin to trade caused by you get nothing from there. Bitcoin doesn't give you guarantee to get the profit anytime and you could get a big loss too caused by the dump from the whales. This is a very wrong statement dude.
Indeed that is the safest way to trade but I don't it will work for me. Because each trader will have their own strategy and each strategy will be different. I will be prefer to spend all my money to trade for just one coin, it could be bitcoin or altcoin clearly I choose stable coin only for trading pair. More than that if I choose your strategy I think I will not get profit and lose either, can you imagine when bitcoin price up then we will the stable coin will down, indeed we will get profit from bitcoin, but we will get lose from USDT right? And it otherwise when bitcoin down USDT up, eventually we won't get anything.
This is a very good strategy especially for those who are not greedy as mostly spent all fiat money in the crypto market and buy BTC or any other cryptocurrency but the strategy you have mentioned here is amazing as you will never loose your actual money.
This is the common strategy. Holding fiat while the price is high and will buy all when it get dumps. But the problem with this, is you gonna wait a long time before you can gain maximum profit. Actually for a long term investor this will work. Like some did buy during btc crashes at 3k plus price. Some of them have triple income now because its reaches 9k above and still increasing. If they planned to have some good profit then they should have sell some now or locked some profits or the capital and leave the profits to gain more additional profits. I believe this is the right way so you are safe from losses. 
Using such a strategy will be very reasonable, I think. Trading with Bitcoin is the safest and most correct strategy. In addition, Bitcoin is the asset that is guaranteed to bring you profit.
Guaranteed to benefit? that's a big mistake. If you do not have good analytical skills, it will be easily influenced by FOMO, panic buys or sell so that it will get stuck at a loss. Trading is not a simple thing, we must really do an analysis using indicators. The experience will provide many lessons. The strategy suggested by the OP is quite good, but you also have to find the method that best suits your ability.
In my opinion, the safest strategy in trading is to learn everything in the market and be easy for buying or selling but buying in a red market and selling in green market is good and we know that you can earn for it little by little. So I think it is much good to try to understand the market more because the rise and drop of the prices are unpredictable so it must be good to know by understanding the market which is the best for your next move which could lead you in a good profit earning.
That is really the safest way if you decide to learn everything about trading and also about the event of the market. That is why l don't think you can do only something with some amount, you also need to have a good experience and also knowledge. As you said it is just so hard to predict what will happen and more than that none can say exactly what will happen.
Using such a strategy will be very reasonable, I think. Trading with Bitcoin is the safest and most correct strategy. In addition, Bitcoin is the asset that is guaranteed to bring you profit.
This is a very good strategy especially for those who are not greedy as mostly spent all fiat money in the crypto market and buy BTC or any other cryptocurrency but the strategy you have mentioned here is amazing as you will never loose your actual money.
Due to a tricky market, even you are an expert trader, and even you are applying all the best strategy you have but still you can't avoid losing, only you can prevent it. Losing is a part of being a trader and all of us have suffered it coz in the first place, we are not totally perfect.What OP is that mentioning about being not greedy and agree with that but not a way to say that we can escape from losing.
This is a very good strategy especially for those who are not greedy as mostly spent all fiat money in the crypto market and buy BTC or any other cryptocurrency but the strategy you have mentioned here is amazing as you will never loose your actual money.
Due to a tricky market, even you are an expert trader, and even you are applying all the best strategy you have but still you can't avoid losing, only you can prevent it. Losing is a part of being a trader and all of us have suffered it coz in the first place, we are not totally perfect.What OP is that mentioning about being not greedy and agree with that but not a way to say that we can escape from losing.
HODL? I mean is there really any better strategy than just holding? I personally would rather see my coins get valuable more and more every single day instead of keep trading them when they go up and down. Maybe the price of bitcoin could go down, but do not forget that they are still getting more valuable each day.
There is some shmuck who forgets his password, or someone who sends money to wrong place, or someone who gets it locked and can't reach it, or loses his usb hardware wallet somewhere. Basically there is less and less bitcoin every day, plus the miners are now mining a lot less as well. So every single day bitcoin gets more scarce and more valuable, even if the price goes down. That is why I believe holding is the best strategy ever.
hold coins can only be done in a few coins and from this case I will only choose bitcoin for a very appropriate choice when holding and implementing long-term trading because I see that bitcoin is the dominant of all existing cryptocurrency coins and bitcoin has the potential to become very expensive indeed because it has a very high demand and has difficulty getting bitcoin because it is very limited supply. There is some shmuck who forgets his password, or someone who sends money to wrong place, or someone who gets it locked and can't reach it, or loses his usb hardware wallet somewhere. Basically there is less and less bitcoin every day, plus the miners are now mining a lot less as well. So every single day bitcoin gets more scarce and more valuable, even if the price goes down. That is why I believe holding is the best strategy ever.
HODL? I mean is there really any better strategy than just holding? I personally would rather see my coins get valuable more and more every single day instead of keep trading them when they go up and down. Maybe the price of bitcoin could go down, but do not forget that they are still getting more valuable each day.
There is some shmuck who forgets his password, or someone who sends money to wrong place, or someone who gets it locked and can't reach it, or loses his usb hardware wallet somewhere. Basically there is less and less bitcoin every day, plus the miners are now mining a lot less as well. So every single day bitcoin gets more scarce and more valuable, even if the price goes down. That is why I believe holding is the best strategy ever.
There is some shmuck who forgets his password, or someone who sends money to wrong place, or someone who gets it locked and can't reach it, or loses his usb hardware wallet somewhere. Basically there is less and less bitcoin every day, plus the miners are now mining a lot less as well. So every single day bitcoin gets more scarce and more valuable, even if the price goes down. That is why I believe holding is the best strategy ever.
This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point.
If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.
List of few good stable coins I use or own
USDT
USDC
DAI
You are right, but it depends at the time. Most of the time I don't bother about buying stablecoins since I'm always a long term investor and when I invest is at the time when the price of Bitcoin crashes to the lowest possible price. At this point in time, what I do is to invest my money and buy as much Bitcoin that I know I can afford to risk. Then I will keep them in my wallet and hold them for as long as possible.If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.
List of few good stable coins I use or own
USDT
USDC
DAI
Sometimes I hold close to two years and it has always worked for me, because the price grows as I continue to have patience. If it's not at a time when the price is low, then I will have to buy some bitcoins and stablecoins. It's been a long time since I last bought a stablecoins.
This is a very good strategy especially for those who are not greedy as mostly spent all fiat money in the crypto market and buy BTC or any other cryptocurrency but the strategy you have mentioned here is amazing as you will never loose your actual money.
AFAIK when a strong traders started a trade in the market and he must have a very strong mentality and this will be affecting the result of your trade caused by your emotion will be totally affected by your mentality.
Emotion usually plays the negative role because it will be making you unable to follow your predetermined plans. For example, if you have a stoploss level in your mind and when you are not following the predetermined plans of exiting at stoploss due to greedy of market to bounce back then you will need to more losses later on. Always trading without emotions will be good but it will not be possible for anyone to trade emotion-less but along with experience it will be possible.how much do you trust these tokens such as USDT, USDC and DAI? They are not real cryptocurrencies, as the value is supposed to be held by someone other than the person who holds these tokens.
You are right. Instead of making use of those stablecoins, it would be much better to trade along with our fiats. Because, nowadays most exchanges are supporting easy deposit/ withdraw functionalities for all currencies. Until we will be having any decentralized stablecoins, I believe it would be much better to trade with our traditional fiats. hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
One good strategy to cryptocurrency trading is patience, especially for the long term trader. Also, as a trader, you must be able to read and understand the candle and other graph charts, analyze the trend and make evidence-based predictions. This is what will tell when to buy, how long to hold and when to sell to make profit.
It good to understand how to read chart but 75% of all market prediction provided incorrect results which is the reason why no market prediction expert will guarantee you his prediction is 100% accurate, what I'm trying to point out is that crypto market trend is not stable and it better to have experience about understanding market trend before it start, whales accumulation/dump and market resistant level.
One good strategy to cryptocurrency trading is patience, especially for the long term trader. Also, as a trader, you must be able to read and understand the candle and other graph charts, analyze the trend and make evidence-based predictions. This is what will tell when to buy, how long to hold and when to sell to make profit.
I somewhat agree with you. But then, how much do you trust these tokens such as USDT, USDC and DAI? They are not real cryptocurrencies, as the value is supposed to be held by someone other than the person who holds these tokens. Trust issues can arise and the numerous scandals that have surfaced in relation with these tokens are not helping the matters any further. The reputation of USDT has been tarnished as a result of the Bitfinex scandal.
Jump to: