Buying high and selling low isn't necessarily a bad thing. It's more like an investment strategy where you buy and hold until the price goes up. Since you're trading only BTC/USDT, it's less risky. It's best to stick to that pair because adding altcoins can expose you to more losses. I think you should explore trading a bit more and learn the basics. You'll do great! 📈💪
It is important for us to have a good strategy in trading and investing because if we do not have a good strategy in trading or investing then it is very unlikely that we will be able to get a profit from the investment we are going to make. Choosing to trade using Bitcoin will certainly have a smaller risk compared to altcoins because it is very difficult to make a choice on altcoins to make a profit. You are right, it is important for those who start trading to understand trading well so they don't experience a lot of losses from the trading they do. 
Topic: The reason of why Bitcoin is good for trading (for me) - page 2. (Read 1429 times)
Quote from: Plaguedeath
for me margin trading or leverage trading are for making quick profit and high risk, I feel more comfortable in spot trading.
for beginner, it's good to go with spot trading which is safer option than others trading while doing future trading by taking high leverage with risk which could be reason lose the portfolio due to making one single mistake. So good to practice spot and better to be comfortable with it Quote
i can't share it, but I've did few successful trade before. Now I'm currently in lose because I bought Bitcoin at $27.5K, but no worries I will keep holding 
that is the reason why you should learn about indicators and have some technical knowledge. Some successful trades didn't mean you can last long in thus field. Although loss could be happen even after having knowledge about those things but in that case, those kind of knowledge could help you to minimize the losses amount. And it's a good decision to trading with bitcoin while others altcoins are much volatile 
If we talk about the risk of loss, trading in Bitcoin will indeed have a lower risk. But the profits obtained from trading bitcoin may be small. And larger capital is needed if you want to get maximum profits.
But yeah, just like OP said. Even if we initially intended to trade. But after making a purchase, the price turns down, which makes our portfolio minus. Then yes we can calmly switch from trading to investing. Well we just need to hold it until the price goes up again. At least Bitcoin always returns to their previous ATH peaks. And even exceeded it after the halving. But if you want to become a daily trader, it seems like Btc/usdt is not suitable at all. Unless the market is volatile where many events are happening.
But yeah, just like OP said. Even if we initially intended to trade. But after making a purchase, the price turns down, which makes our portfolio minus. Then yes we can calmly switch from trading to investing. Well we just need to hold it until the price goes up again. At least Bitcoin always returns to their previous ATH peaks. And even exceeded it after the halving. But if you want to become a daily trader, it seems like Btc/usdt is not suitable at all. Unless the market is volatile where many events are happening.
This depends on how you are an expert in analyzing bitcoin itself, it needs to be understood if a trader who has professionalism in analyzing one asset then he is focused on one asset to trade, so in my opinion whether or not an asset is good for trading is dependent on you knowing the characteristics of bitcoin itself.
Suppose if you are more familiar with the trading that you do more on ETH and you are able to analyze it well so that you can get a better profit when you switch to trading bitcoin it will definitely be different, although market movements follow bitcoin but there are differences between the characteristics of price movements in bitcoin and ETH which for me personally in trading more often get profit in bitcoin.
So the conclusion in my opinion, depends on you knowing more about the character of the asset movement.
If you see you invite me to talk about fundamental views, bitcoin and ETH are worth trading.
Suppose if you are more familiar with the trading that you do more on ETH and you are able to analyze it well so that you can get a better profit when you switch to trading bitcoin it will definitely be different, although market movements follow bitcoin but there are differences between the characteristics of price movements in bitcoin and ETH which for me personally in trading more often get profit in bitcoin.
So the conclusion in my opinion, depends on you knowing more about the character of the asset movement.
If you see you invite me to talk about fundamental views, bitcoin and ETH are worth trading.
First of all I'm not a real trader, but I like to trade to earn small amount profit.
I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.
Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.
Is there anyone like me here?
I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.
Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.
Is there anyone like me here?
Buying high and selling low isn't necessarily a bad thing. It's more like an investment strategy where you buy and hold until the price goes up. Since you're trading only BTC/USDT, it's less risky. It's best to stick to that pair because adding altcoins can expose you to more losses. I think you should explore trading a bit more and learn the basics. You'll do great! 📈💪
First of all I'm not a real trader, but I like to trade to earn small amount profit.
I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.
you can have this if you can afford to keep holding if the trading goes sideways and yes it is the practical and safer way but those who uses altcoins are mostly those trying to hunt from day to day basis of earning so they cannot use BitcoinI only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.
because of its slot moving attitude.
Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.
Is there anyone like me here?
actually I can feel you, though I use Chart sometimes but i don't have a deep knowledge about those sticks and etc.Is there anyone like me here?
so yes like yours mostly II am buying bitcoin so if ever the price goes differently then what I'm going to do is Hold and wait for at least moving up again.
In fact, I think Bitcoin trading allows for short-term profits because its movements are fast enough to allow anything to happen in a short time, in contrast to Altcoins.
-snip-
Are you not wrong with the statement, that Bitcoin allows to get more Profit in short term?-snip-
In fact, the movement of Bitcoin is not as extreme as Altcoin and this depends on how the volume of bitcoin and the trend occurs.
For the last few weeks, Bitcoin has been sideways and there is no significant movement.
What fluctuates faster is altcoins that are hype and still new, it provides faster profits and also faster losses.
Bitcoin is more likely to sideway when there is no drive and FOMO.
And see yesterday when there was news about ETFs that turned out to be fake, it made the price of bitcoin jump and also dump instantly.
Bitcoin in my opinion is better for the long term, because I am targeting the upcoming ATH.
For scalping or short-term it is better to choose altcoins with large volumes that will have faster movements.
I guess what OP does is Spot Trading. That type of trading is very friendly to those who are begging traders because what he has said, he won't lose any money unless he sells his position in negative..
Definitely he does spot trading otherwise his balance were empty as he don't have sufficient ideas to manage the trading properly. And it maybe only okey for op cause i guess he has extra money for trading as he mentioned he could wait till the next super cycle bull of btc and which is unpredictableQuote
Also, there is nothing wrong with being a holder. That is the consequence of having the wrong analysis and that is a normal part of the game. What works for him does works for him and made his money and that's what matter.
during trading, a person always need to apply knowledge to prediction the next moment. It may goes wrong for them who have knowledge but there'll be a more chance to trading goes wrong for most of the time who don't know anything like op. It is also responsibility for a trader to know how to manage his balance and protect it, have sufficient ideas to survive 
Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero. So you learn more and more about trading. But you will be successful in trading and earn a lot of money.
A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky.However, in whatever trading we do, we must have knowledge about it first, because it is impossible to make a profit in Bitcoin trading if we don't have knowledge about trading.
And regarding the level of risk and security, no one doubts that Bitcoin is currently the safest choice because the possibility of recovering and increasing the price of Bitcoin is very large and it cannot be compared with Altcoin trading, every risk will be proportional to the possible profit that will be obtained .
Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero. So you learn more and more about trading. But you will be successful in trading and earn a lot of money.
A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky.Having technical and fundamental knowledge is important if someone wants to make a career in trading. Understanding your risk tolerance ratio and your money management strategy is equally important. If you have strong fundamentals in all of these then you can trade any asset in any market. Market behavior is different for every asset but their price action and chat analysis are similar in some aspects.
Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero. So you learn more and more about trading. But you will be successful in trading and earn a lot of money.
A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky. 
Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero. So you learn more and more about trading. But you will be successful in trading and earn a lot of money.
its all about taking advantage of the ups and downs of bitcoin , basically getting that margin from the price swings.with bitcoin the swings are quite frequent unlike any other investment instruments, even more frequent in altcoins which of course sometime the swinging going too far it just lost its value.
when it comes to trading indeed bitcoin and cryptocurrency in general are really good for that purpose, because fluctuation still prominent.
but we need to know that in cryptocurrency there is trend, without knowing trend we might be forced to cut lose.
Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero. So you learn more and more about trading. But you will be successful in trading and earn a lot of money.
You say this as if it's that easy, if it's indeed easy, I'm sure that everyone must have been getting rich in Bitcoin by now. Trading is easier when saying but practicalizing it is the issue. You can try to learn and learn and still not get to make any reasonable amount from Bitcoin, which is why I say that Bitcoin is risky just like any other listed/traded online assets, it's only a few people that get the money out of it. It's better to invest/hodl rather than trade, this at least will limit the emotion and stress in trading as it only entails putting the money there and walking away for a long duration of months, if not years. But in trading, you have to speculate regularly and get to protect your portfolio with the right plans and management, but in most ends, the trader gets to lose. 
First of all I'm not a real trader, but I like to trade to earn small amount profit.
I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.
Keep in mind I never learn about chart, candlestick, trends etc, all of my decision come from my mood and instinct. No stop limit, no following any signal, no watching my PC 24/7 etc, just directly buying and selling.
Is there anyone like me here?
It will be worth it for you to state how much profit you have made so far vs your losses through this self-thought mechanism, be rest assured that the formula you used is one of the oldest primary trading texnhinuqes, by just using the buy-low and sell-high mechanisms this is not new to many of us and if I must advise you, I will say you should maintain that single trading pair. I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.
Keep in mind I never learn about chart, candlestick, trends etc, all of my decision come from my mood and instinct. No stop limit, no following any signal, no watching my PC 24/7 etc, just directly buying and selling.
Is there anyone like me here?
Because the moment you add another trading pair to the Bitcoin you are trading right, it may make it hard for you to be able to control your emotions.
That's simple and basic advice for all traders: buy when it's low and sell when it's high. These golden words are for remembering when you enter the market, even if you're trading out of curiosity. Even if it's a stable coin or Bitcoin, you can assure profit just by following this advice and doing some research on market trends. You can follow your own guts and instincts, but are you only depending on that or going to check reality as well? Just think.
This is not active trading, i would call this passive trading. i would like to know if you bought bitcoin at the last top and how do you feel seeing the dollar value go down from the ATH? a lot of people wont want that i believe. this kind of method feels to me like someone who is just buying BTC in bits with little funds anytime he feels like. there are many people doing this as well. for me i wouldnt like to buy at a top and then the dollar value keeps going down. if i decided to do long term hold then i would do DCA at different prices so it will reduce the number of waiting period.
Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero. So you learn more and more about trading. But you will be successful in trading and earn a lot of money.
I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.
To be honest, this is also what I do to invest and trade in BTC. Just relying on instinct, even though this is wrong but one day I can benefit from it. BTC does not need to learn much to analyze charts, because BTC has the potential for long-term investment. All we need to do is buy and hold it until waiting for the halving moment to arrive.Quote
But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.
Yes, that's right, crypto trading, especially altcoins, really requires strong analysis and more knowledge. Because you can't be careless in trading because this can make you lose a lot of money. Apart from learning from friends and sharing online media about trading, the most important thing is to educate yourself. Don't buy crypto before knowing the fundamentals, if necessary, use a demo account first. Then when you are consistent, start trading with real money but with small amounts first. Because for me, besides BTC, you can't just rely on instinct.In contrast to altcoins which do require a more thorough analysis. And yes, you are right that we should not buy altcoins carelessly before we really know the fundamentals of these altcoins.
And trading in altcoins we really have to master all kinds of analysis. Even financial management and risk management are also needed in this trade. The point is trading in altcoins has a very high risk. Because if we buy and the price goes down. then maybe the price will not go back up. Because many altcoins continue to experience declines, even exceeding 90% since they were listed on the stock exchange.
I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.
To be honest, this is also what I do to invest and trade in BTC. Just relying on instinct, even though this is wrong but one day I can benefit from it. BTC does not need to learn much to analyze charts, because BTC has the potential for long-term investment. All we need to do is buy and hold it until waiting for the halving moment to arrive.Quote
But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.
Yes, that's right, crypto trading, especially altcoins, really requires strong analysis and more knowledge. Because you can't be careless in trading because this can make you lose a lot of money. Apart from learning from friends and sharing online media about trading, the most important thing is to educate yourself. Don't buy crypto before knowing the fundamentals, if necessary, use a demo account first. Then when you are consistent, start trading with real money but with small amounts first. Because for me, besides BTC, you can't just rely on instinct. 
Dollar Cost Avaraging! May profitable for some fields but buy sell doing trade staking and all those things need to know properly before starting. It is always mandatory to have knowledge about market, how it market get effected during good news and bad news, using of indicates, understanding candlesticks and all those things are very need. Otherwise some process may give you temporary benefits but when market will show you its cruel face and you don’t know how to face it, that time You'll realize the meaning of trading, meaning of life
I think it will still depend on the coin that we choose because what if it's a scam, or it got weaker later on? Our DCA will only be useless this way. The same goes for trading and staking a crypto. Obviously we need to familiarize our selves first about them (the activity) before we proceed, so that we can minimize our risk of losing.As far as I know, indicators and candle sticks are only being used in trading (not in staking or in investing). Trading must have a different approach during a gloomy market but in investing or staking, I think the only thing that we can do about them is to stay calm and continue holding till the storm has passed.
Dollar Cost Avaraging! May profitable for some fields but buy sell doing trade staking and all those things need to know properly before starting. It is always mandatory to have knowledge about market, how it market get effected during good news and bad news, using of indicates, understanding candlesticks and all those things are very need. Otherwise some process may give you temporary benefits but when market will show you its cruel face and you don’t know how to face it, that time You'll realize the meaning of trading, meaning of life
You suggested well that it is the cryptocurrency market where trading is difficult without learning and knowledge. Of course it is very important to know about the market and especially about the things that affect the market more. Since Bitcoin is considered to be the most reliable currency in the market, he trades in Bitcoin without experience and knowledge, and he invests instead of trading. If the market goes down, he does not sell it but keeps it. Of course, investing in Bitcoin is considered safe, but it's not meant to be an entry you can take whenever and wherever you want. Only a good entry can give us good profit.Otherwise no profit can be expected. Choosing a good coin is not enough.
Jump to: