What will be your trading strategy for crypto in 2024? - page 2.

koang

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

Diversification is a strategy that investors often use to minimize losses and maximize profits.
Still, diversification also has disadvantages. One is that it limits investors' growth opportunities and requires more complex efforts than with just one asset.

However, whatever your strategy choice. Your money, Your rule.
Hopefully, 2023 will provide many lessons, and this year will be even better.
Happy New Year, and Good luck...

sulendra12

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

Probably will stick to DCA Bitcoin and BNB from now on, because I don't really have that much time to track all the altcoins that is going on but still I'm reading the crypto news from time to time to keep myself on track with the crypto updates. Will still do occasional trading if I want to but I find myself really comfortable with the way I do right now, so have no plan to actually change the strategy for long period of time.

The Watcher of All

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See where the correction more or less ends (Cool off RSI weekly) , then jump in, and enjoy the ride Wink

the rise

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Simply put, I will try to look for projects with new trends in 2024 to re-invest. This is the same strategy as I did before. I have only used this technique in the few years since I joined crypto. The proof is that it is very effective in getting profits for up to a full year. I'm sure that in 2024 there will be many crypto surprises. we just welcome it to be a truly profitable investment. Next I just play normal trading like swing trade. I don't focus on swing trading. I prefer long-term trading or being an early adapter. it is very profitable for me.

redsun114

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Why will they ask you? Are you a professional trader? If so, then why you are throwing the question to us here?
By the way, the strategy or the plan that you said there seems to be for investing. But, since you already said it, many investors are for sure going to have that same approach. Well, simply because it works.

You can't go wrong with diversifying as long as you already know if what are those coins you will pick up and then trying to keep things balance. Apart from that, DCA should be present as well. On the other hand, traders themselves usually talks about technical analysis. This seems to be the most important thing for them, than the rest.

tvplus006

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Quote from: Viscore on December 28, 2023, 01:57:49 PM

That's the real challenge in the crypto market, aiming to hold for certain years so we can sell at its highest peak, but we know in reality the term hodling is not as easy as it is though. It's not as smooth and less stressful as they say because price correction keeps testing your faith as to how long you're sustainable to hold. You win when you hold it still despite of market crash and correction but you lose when you end up panic selling because of the fear that you will lose more...

Of course, if the coins are bought at the very bottom, then in any case it will be easier for you to hold a position, since it will always be profitable. But those who bought at a higher price, and at the same time the price decreases, will always be faced with a choice - to sell or continue to hold until the price recovers.

Maslate

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Quote from: hugeblack on December 27, 2023, 04:59:08 AM

Investing in more altcoins means that you are sinking deeper into quicksand and there is no one to save you. Investing in altcoins is not a diversification of investments, but rather a multiplication of the opportunity to grow your investment portfolio. You can trade in altcoins, but long-term investment is a loss of your money.

Diversify investments by purchasing gold, stocks, real estate, Bitcoin, and anything that has a value and can gain upward growth.

It's not bad to invest in altcoins as long as you know the right coins to invest. Majority of altcoins simply fall on devaluation, hence learn to invest on a small scale basis and invest for short term. Altcoins are more on pump and dump scheme, so always make sure to timing the right time to sell before its price gets devalued.

While others diversify their bitcoin with altcoins, and yet they still end up regretting because of unexpected losses, I suggest try to explore physical investments such as gold, real estate or even stocks. They can be more profitable with bitcoin at some point so one should always consider investing in them with an amount that one can afford to lose.

Viscore

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Quote from: tvplus006 on December 27, 2023, 03:09:02 PM

Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I think everyone's strategy is the same - buy cheap, sell expensive. But not everyone is able to hold their coins for a long time in order to maximize their profits. And it is really very difficult to do this when you see that your deposit has doubled and there appears a great desire to fix your profit.

That's the real challenge in the crypto market, aiming to hold for certain years so we can sell at its highest peak, but we know in reality the term hodling is not as easy as it is though. It's not as smooth and less stressful as they say because price correction keeps testing your faith as to how long you're sustainable to hold. You win when you hold it still despite of market crash and correction but you lose when you end up panic selling because of the fear that you will lose more.

I believe trading will still be great but unpredictable by 2024. But if we can always stick to the basic, buy low and sell high, we will never end up as a loser but stay profitable most of the time.

BitcoinTurk

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I haven't yet determined a roadmap for myself for 2024 but it is certain that my main focus will be Bitcoin until the halving process and that I will buy Bitcoin as much as possible at least until this period. In addition, since there are good earning potentials in memecoins and shitcoins in the Solana network today, I have shifted my focus of attention here in the short term. Although I use a very small part of my capital for this, I believe that if this winning streak continues I can also make money by trading memecoin and shitcoin.

In addition, although I expect an increase in the Bitcoin price I don't yet have an open position in leveraged transactions and it seems that I will not have a leveraged transaction position within the first two quarters of 2024 in order to avoid being negatively affected by possible sharp price movements. Of course, if I see a possible opportunity I can open a few positions using 2 to 5x leverage maximum.

kojektea

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it's simple. I will only control my emotions, that is the main thing. whatever I get a day a month or throughout 2024 is something I should enjoy as long as it doesn't hurt, meaning my trading is successful. In my opinion, trading does not require a lot of strategy and psychology is very important because it involves making the right decisions. if you take a wrong step it will be wrong but if it is correct with regular emotions the results will definitely be good.

Mr. Magkaisa

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

- What I'm doing with my trading activities will remain the same in 2024 because I'm still making money, even if it's not a lot because I'm OK with 5-20$ every day. Maybe if I see another cryptocurrency that I believe has the potential to earn a profit, I'll acquire it.

In summary, in addition to my long-term holdings, I will continue the short-term trade that I began here in the crypto space area. Because it is preferable that we harvest anything as long as there is a possibility to accumulate in the crypto space.

mirakal

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I have my own plans for 2024, and most likely to accumulate and hold more bitcoins knowing the bull run will be in a couple of months from now. With altcoins, I'm still eyeing some potential coins to add on my portfolio as I believe that altcoins as long as you invest in the right coins will add more profitability in your investment. Not only that, I am also eyeing to diversify my investment into gold, real estate and stocks, just to generate multiple source of profits so that if bitcoin investment drops its profitability, at least I still have some other options to provide profits for me.

These are just some of my plans for 2024. I know the world maybe tough sometimes but if you have multiple investments that are in profits, you will never feel the world is against you. I just think I need to maximize opportunities in bitcoin and diversify them with physical investments as well that are also proven profitable in their own ways.

boyptc

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Quote from: Nheer on December 27, 2023, 04:56:36 AM

Quote from: boyptc on December 26, 2023, 03:23:08 PM

I'm done with the promising projects.

It's better to just stay with Bitcoin and if you want to diversify, get into real other assets like real estate, land properties, etcs. Be wise when you're going to diversify. It doesn't have to be into several altcoins.

But consider also those assets that are appreciating over the period of time. Many altcoins are good today but stability is what they lack of and they have uncertain future.

Same here, whenever i try to invest in promising projects things doesn’t go so well, i guess i am not so lucky with alts but probably because i have not witnessed a bull run before. I told myself i am done with alts for some time now and i have channeled my energy into investing in bitcoin now as these alts have no stability.

I also prefer to hold bitcoin rather than diversifying my portfolio and investing in so called promising projects that will only last for a few years or probably not last that long. We have seen how alts behave and how some of them become dead projects over time, it shows they can’t be compared to bitcoin because their future is not certain so it’s wiser to hold bitcoin.

What i dislike more about alts is the fact that it is difficult to determine legitimate projects and one without the knowledge to identify scam is always prone to invest in scam tokens especially as bull run approaches. One needs to be cautious investing in alts.

Both of us are unfortunate with them.

But the good thing is that we're directed to simply focus with Bitcoin. There's no magical strategies that we need to go through but just investing in Bitcoin is already satisfying.

Can still test some projects that we think we're okay to throw some couple of bucks but it's just like good money that's gone forever.

Issa56

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

When people are asking you about the strategy you will be using for trading in 2024, did you tell them that you are a professional trader? Seriously, everyone has their own strategy, and I won't encourage you to follow someone's strategy. Always try and build your own strategy, you should discover what works for you and not copy other people's strategies. The strategy that works perfectly well for me might not work for you when you try to use it.

If you are investing in altcoins, then there is nothing like a promising project because they can fail you at any moment. There are some altcoins that claim to be strong once, but they failed a lot of people this year, some people lost all their investment in them, so it's better you stay in bitcoin and have peace of mind rather than diversify across promising projects. I will tell you that the only promising project I know of is bitcoin.

tvplus006

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I think everyone's strategy is the same - buy cheap, sell expensive. But not everyone is able to hold their coins for a long time in order to maximize their profits. And it is really very difficult to do this when you see that your deposit has doubled and there appears a great desire to fix your profit.

Twentyonepaylots

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I'd probably be changing my trading strategy, I've had a lot of failures this year honestly. What I'll be doing in the next year is to focus on top 10 coins in the market, I will stay away from the altcoins or those that are on the second page of the market, I hated that I focused on them too hard this year. I will try to recalibrate my strategy, perhaps I'll listen to more experienced than me and I'll never to go against the trend, I'm being too wishful thinker this year and I would like to discipline more myself. Trading is a non-ending learning process, we all must adapt to ever changing current state of the market.

Fuso.hp

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In 2024, I will trade using the same strategy that I have adopted in the past days or in the past years and have been successful. In the new year I want to plan everything in a new way but I have no desire or thought to change my trading strategy. The strategy I am trading currently seems to be a very good strategy and it has taken me a long time to master it so I don't want to lose this strategy by wanting to adopt a new strategy. I think everyone will give the same answer that even if everything changes, the technique of tedding will not change much in the new year.

el kaka22

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It is the bull start year, it is going to be the halving year in a few months and we are going to start to see it go up. I have two main ideas, I will not sell any of my bitcoin and I will keep holding it as long as possible, and when it comes to alts, I will have some profit from bitcoin that I will use on some alts and I think it should be the usual "double and dip", when you see something double after you invest, just get out, and find something else.

If you do 50% right guesses, you are going to be fine and in bull period 50%+ is not that hard to achieve, it does happen more often than we think. But, I will do it as rarely as possible and not really focus too much on it. This method was great on the last one.

Johnyz

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Quote from: R100K-Martin-Lunger on December 26, 2023, 01:48:10 PM

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

Still doing the same strategy since bear market and it's DCA while waiting for my target price.
I'd hope that 2024 will be a year for me to take profit and wait for the next cycle again. I'd learned a lot from my past experienced and mistakes, I'll be wiser in 2024 and will not let my emotion take over my trading decision. I missed a lot of opportunities to take profit, hopefully next year I can enjoy the profit for real.

death69

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Quote from: Mahanton on December 26, 2023, 03:06:59 PM

Quote from: kentrolla on December 26, 2023, 02:53:18 PM

There has been a lot going through my mind and I would be accumulating all the methods which brought me profit in 2023 and will be avoiding the mistakes I made. I would be making some decisions like strictly no futures trading in 2024 and will be dividing my trading strategy into three parts, first one would be multiple trading for short profits which should accumulate to atleast 2% profit everyday, second method would be hodling the promising Altcoins by buying them when they dump hard to maximize on profits and the third option would be experimenting with new altcoins like stocking them up once the new about them being listed on big exchanges like Binance are announced for some quick 20%+ profits.

Now that the year is nearly on ending then it would really be just that normal that you would really be trying out to reassess on things on which you would really be needing to make out some adjustments if needed considering that this market is really that always that unpredictable on which mistakes are normal but on the time that you had already made yourself wary about into those potential situations or conditions then it would really be just that normal that you would be having those approach that you should really make out adjustments accordingly so that you would really be able to survive into those upcoming years.
Learnings would really be a never ending thing on which as you do go far ahead then it cant be stopped on learning up everything along the way.

Make yourself that getting enhanced and improved as days passing and now that we are ending of this year then lets try out best to have that more profits on next year. There's no way
that we could really be able to have those improvements as we do go ahead.

Without a doubt, the end of the year is a crucial period for trading evaluation and modification! The volatility of the market is a difficulty as well as an oportunity. Initialy, we have to accept that our errors are not just setbacks but also opportunities for growth. What lessons did they impart to us? How can they influence our upcoming tactics?

There is no bargaining on ongoing education. We must adapt as the market does. It's important to remain ahead of the curve rather than just keeping up. Learning is an active process that involves keeping up with every new trend and market shift.

Allow me to discuss profits. Yes, enhancing our gains is the aim, but how? through more astute tactics, more astute analysis, and a resolute willingness to adapt. The new year presents a chance as well as a timeline. Let's grab it by both horns!

Topic: What will be your trading strategy for crypto in 2024? - page 2. (Read 388 times)