Strategy To Increase Fiat HODLings? | Bitcointalksearch.org

strategics

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Quote from: stomachgrowls on May 07, 2017, 05:23:31 AM

Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

Fiat/Btc trading would only be good for long terms but if you do like to see on early profit making then go for altcoin because price are too volatile which we can execute positions that could make us profitable if we did just do the right trading.

The fear or losing BTC is what made me shift to Fiat/BTC trading. I thought of making 2% fiat profit on per trade and leave 1% back in BTC to trade in altcoins.

Do you rely on any specific tool for TA while trading in Alts to find the right buy in position?

Qartada

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Quote from: strategics on May 07, 2017, 04:06:26 AM

Quote from: pooya87 on May 07, 2017, 01:30:23 AM

Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

when you make profit on your bitcoins you are in fact making more fiat too. and at double speed. because for example you buy an altcoin before its pump and then sell it on top of the pump and gain a lot more bitcoin. and bitcoin price is constantly rising in long term without exception. so if you have 1BTC before pump and have 2.5BTC after it and price goes from $1200 to $1400 you are making a lot more fiat. and you can keel 1BTC profit and have total of 2BTC in your investment and sell the 0.5BTC for $700 and increase your "fiat hodlings"!

That makes sense but it also poses a threat of decreasing my bitcoin holdings as Alts have a high volatility. As bitcoin is slowly but surely expected to moon and USD is isn't so volatile, why not increase my fiat balance by buying at a -% drop and selling at a % gain (along with leaving 50% of profits in BTC/Alts). I know this is a really slow and long process but I'm looking to at least double if not triple my fiat balance every year.

I'm still working on the right combination of -% and +% (Current BVI for 30 days is 1.51%). Also looking for advice on staking? Should I go all with my fiat on per order or split it into multiple buy level entries.

Any suggestions would be much appreciated.

To be honest, everyone else has the same idea. Hey everyone, let's trade alts/Bitcoin/fiat/forex! We can get loads of money, look at all those big fluctuations!

But of course, it doesn't work like that because someone has to lose for someone else to gain. The important thing is to ignore your emotions completely and look at it logically. What are the fundamentals? Why would the price be going up or down or sideways right now?

Also, if the price is dropping don't just sell straight away. Often since the liquidity is so low people make big dips and then buy back in when loads of weak hands sell too.

Ayers

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Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

buy bitcoin and hold that increase your fiat balance? isn't so simple lol? i see no other strategy maybe trading on forex, but it's dangerous and you need experience, i prefer to bet my money on crypto if i want more fiat money

stomachgrowls

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Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

Just like most other said here altcoin/BTC is way more profitable than Fiat/BTC and i do really agree on that since i do both already experienced trading on both fields.Fiat/Btc trading would only be good for long terms but if you do like to see on early profit making then go for altcoin because price are too volatile which we can execute positions that could make us profitable if we did just do the right trading.

thebatletbet

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my trading strategy if bitcoin low price down trend iam fast buy bitcoin
and the buy altcoin to trade, take profit, still trading until bitcoin price incraese, after bitcoin price high , iam selling bitcoin
and then iam lending my fiat, before bitfinex problem, iam always lending fiat in bitfinex, and wait until bitcoin price down

strategics

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Quote from: pooya87 on May 07, 2017, 01:30:23 AM

Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

when you make profit on your bitcoins you are in fact making more fiat too. and at double speed. because for example you buy an altcoin before its pump and then sell it on top of the pump and gain a lot more bitcoin. and bitcoin price is constantly rising in long term without exception. so if you have 1BTC before pump and have 2.5BTC after it and price goes from $1200 to $1400 you are making a lot more fiat. and you can keel 1BTC profit and have total of 2BTC in your investment and sell the 0.5BTC for $700 and increase your "fiat hodlings"!

That makes sense but it also poses a threat of decreasing my bitcoin holdings as Alts have a high volatility. As bitcoin is slowly but surely expected to moon and USD is isn't so volatile, why not increase my fiat balance by buying at a -% drop and selling at a % gain (along with leaving 50% of profits in BTC/Alts). I know this is a really slow and long process but I'm looking to at least double if not triple my fiat balance every year.

I'm still working on the right combination of -% and +% (Current BVI for 30 days is 1.51%). Also looking for advice on staking? Should I go all with my fiat on per order or split it into multiple buy level entries.

Any suggestions would be much appreciated.

strategics

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Quote from: Vaskiy on May 07, 2017, 12:38:06 AM

Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

Right now trading altcoins to bitcoin is found more profitable than holding fiat by trading altcoins or bitcoins. For this reason most of the users prefer holding bitcoin rather than fiat. There are users who often convert to fiat and hold it to buy when the bitcoin price falls. Better is to hold bitcoin and profit as price varies often.

I do hodl BTC on a hardware wallet which isn't for used for trading. The only reason I'm currently not trading alts is because of its high volatility which in return may decrease my Bitcoins. Also I don't like to short BTC because a sudden rally can cause me to lose more coins than before.

I'm willing to take the slow route with plan to at the very least double if not triple my fiat balance every year by buying at a % drop and selling at a % gain (leaving before a couple of millibits for every sell order thus growing my BTC balance as well).

Which buy at -% and sell at +% would you recommend I use for this strategy (current BVI for 30 days is 1.51%)? Also should I use all my fiat balance on per buy order or split it up for multiple buy entry points?

Sniper44

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Quote from: Idrisu on May 07, 2017, 01:31:45 AM

Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

In my country and the city were I am living, trading bitcoin and fiat on localbitcoin is a common thing just that it is capital intensive compared to bitcoin and altcoins trading. Following what you said I suspect those my country traders are making decent profit in fiat for trading.

trading on localbitcoins is a common thing in a lot of countries, that is why it is called "local bitcoins" people who don't want to go to an exchange and buy bitcoin while giving all kinds of personal information will always go to places like localbitcoins to buy bitcoin from others completely p2p and as anonymous as possible.

although in some countries this is happening more if they have no professional exchange platform.

Idrisu

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Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

In my country and the city were I am living, trading bitcoin and fiat on localbitcoin is a common thing just that it is capital intensive compared to bitcoin and altcoins trading. Following what you said I suspect those my country traders are making decent profit in fiat for trading.

pooya87

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Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

when you make profit on your bitcoins you are in fact making more fiat too. and at double speed. because for example you buy an altcoin before its pump and then sell it on top of the pump and gain a lot more bitcoin. and bitcoin price is constantly rising in long term without exception. so if you have 1BTC before pump and have 2.5BTC after it and price goes from $1200 to $1400 you are making a lot more fiat. and you can keel 1BTC profit and have total of 2BTC in your investment and sell the 0.5BTC for $700 and increase your "fiat hodlings"!

sotoshihero

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Quote from: Vaskiy on May 07, 2017, 12:38:06 AM

Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

Right now trading altcoins to bitcoin is found more profitable than holding fiat by trading altcoins or bitcoins. For this reason most of the users prefer holding bitcoin rather than fiat. There are users who often convert to fiat and hold it to buy when the bitcoin price falls. Better is to hold bitcoin and profit as price varies often.

This is also what I am doing, trading bitcoin with altcoin pairing. Trading bitcoin with dollar tether pair or to fiat is not mostly the norm. When I withdraw my fiat in exchanges and seen the dollar fees is quite expensive.

Vaskiy

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Quote from: strategics on May 06, 2017, 01:53:43 PM

It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

Right now trading altcoins to bitcoin is found more profitable than holding fiat by trading altcoins or bitcoins. For this reason most of the users prefer holding bitcoin rather than fiat. There are users who often convert to fiat and hold it to buy when the bitcoin price falls. Better is to hold bitcoin and profit as price varies often.

strategics

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Activity: 44

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It's a give fact that most of us trade Alts to increase our Bitcoin Hodlings. Having said that, I'd like to know if anyone follows a strategy to increase their fiat balance by trading it against Bitcoin.

Topic: Strategy To Increase Fiat HODLings? (Read 721 times)