What will be your trading strategy for crypto in 2024? - page 3.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: irhact on December 27, 2023, 06:43:21 AM

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.

My trading strategy for 2024 will be to be trading tokens that are hot and trending, I stayed away from hyped projects in 2023 and didn't make much profits as i was expecting but my friends made many profits from trading AI coins and memecoins. Therefore for 2024 I'm ignoring any advise about not trading hype coins and trade them. They have the most trading value and liquidity when they're trending therefore they're going to be good coins to make profits from.

I'll be careful not to buy coins that are looking like scams and not listed on good exchanges, I'll trade them for short term and not hold them for long term as no individual knows if they'll be able to keep their trading volume high for that long. I'll switch between the trends and make as much profits as I can so I can get more money to accumulate Bitcoin and enjoy the profits that's in the future.

When it comes to trading strategy then it would be a never ending kind of learning on which this market would really be having tons of variations when it comes to possible movement on which it might lead up to losses
if you wont really be that careful. This is why if you do see that your trading stats isnt really that nice for this year, then try to adjust and make things more better on the next year. Never stop yourself on learning
because we do know that you wont really be able to survive into this market if you wont strive out. This is why it would be always best that you should really be making yourself that versatile on the things that
you are encountering specially into this market.

Trading strategies would really be that basing up into someones knowledge and skills. Neither you would be able to succeed out or not then it would be
just that normal that you would be making adjustments if needed.

Text

hero member

Activity: 2464

Merit: 594

I might not diversify for now; I'll just focus on Bitcoin. I believe in its dominance and am optimistic about its bullish trend. I haven't identified any other coin or token that catches my attention. However, I have an exit plan in place. So, for now, until next year, I'll increase my savings for long-term investment. I'll stick to my plan, avoid impulsiveness, and keep my emotions in check. I'll stay updated with industry news, developments, and regulations and not rely on any single source of information.

Franctoshi

hero member

Activity: 966

Merit: 588

From what I have experienced during the past bull markets, if your bag of cryptos isn't filled enough to your satisfaction, then henceforth every dip in the market right now is an opportunity to grab your coins of interest, while stacking more Bitcoin and as the market gets interesting, then start taking profits on altcoin portfolios whenever you feel your good, don't be too greedy to take profits, and understand you can't gain it all, so take your share of the market and walk away, it is a strategy to survive in the bull market.

irhact

hero member

Activity: 616

Merit: 749

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.

My trading strategy for 2024 will be to be trading tokens that are hot and trending, I stayed away from hyped projects in 2023 and didn't make much profits as i was expecting but my friends made many profits from trading AI coins and memecoins. Therefore for 2024 I'm ignoring any advise about not trading hype coins and trade them. They have the most trading value and liquidity when they're trending therefore they're going to be good coins to make profits from.

I'll be careful not to buy coins that are looking like scams and not listed on good exchanges, I'll trade them for short term and not hold them for long term as no individual knows if they'll be able to keep their trading volume high for that long. I'll switch between the trends and make as much profits as I can so I can get more money to accumulate Bitcoin and enjoy the profits that's in the future.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Well, aside from what I'm doing this year, maybe I will try to explore more coins, as this year I'm very hesitant with other coins and am afraid of exploring more coins, which means I miss some potential earning coins. Yes, it's better to focus on a few coins or crypto currency to trade on, but the thing is, it's also not bad to explore other coins that have the potential to give a good profit.

So maybe next year I will be more adventurous and explore coins that I can squeeze a profit from. Yes, I may sound profit-driven, but the thing is that in this crypto currency field, you need to find your own opportunity to make a profit, and that is the goal of most of us traders. So next year, being a more confident and less cowardly trader is my game plan; this will give me more challenge and experience.

hugeblack

legendary

Activity: 2688

Merit: 3983

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.

Nheer

hero member

Activity: 644

Merit: 544

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

Lakai01

legendary

Activity: 2296

Merit: 2721

Quote from: GreatArkansas on December 26, 2023, 11:40:29 PM

For me, I am planning to build a trading bot of course with some algorithm. Since I am a technical guy who has some knowledge of programming and at the same time I will be busier. I think building my own bot with an algorithm is a good thing to do, like adding some experience for my self and my career at the same time.

In principle, it is always a good idea to improve your own skills through hobby projects! I also built myself a trading bot a few years ago, or rather developed a very well-known bot further, which I can also highly recommend: https://gekko.wizb.it/
Unfortunately, Gekko is no longer being developed, but you can find a number of forks on Github that are still under development. However, you can definitely take a look at some of the source code and use it for your own bot.

@OP
As I personally assume that we will experience a bull run starting in 2024, I will significantly reduce my trading activities and let my portfolio run.

adaseb

legendary

Activity: 3808

Merit: 1723

You need to trade what is hot right now which is Solana and Ordinals. Ethereum on the other hand seems to be fading away.

Also if the etf is approved then most likely bitcoin will be fairly bullish for the next few months. As each day more and more BTC are taking off the market to be parked in the etfs.

cafter

full member

Activity: 448

Merit: 223

I will be keep acculating like I always do using dca. Without changing anything.
And if I start to see signs of bull market, then j will mostly take long trades and lower the short trade of which I am not sure enough. Because I bull run mostly going long is profitable
And I will start to trade altcoin mostly major altcoin.

tbct_mt2

hero member

Activity: 2366

Merit: 838

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.

Next year will be a bull market and it will be very hot. You will have many chances to get profit in a big bull run, not mini one.

My recommendation for 2024 is holding your coins, Bitcoin and altcoins if you have them.

Don't trade your coins because you will miss great growth of cryptocurrency market.
Don't stake, farm your coins because you will not know those platforms, pools are safe, will they be hacked or not.

Hold your coins in your non custodial wallets, have good back ups.

GreatArkansas

legendary

Activity: 2338

Merit: 1354

For me, I am planning to build a trading bot of course with some algorithm. Since I am a technical guy who has some knowledge of programming and at the same time I will be busier. I think building my own bot with an algorithm is a good thing to do, like adding some experience for my self and my career at the same time.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

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'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.

Mahanton

hero member

Activity: 2730

Merit: 632

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.

kentrolla

hero member

Activity: 1652

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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.

R100K-Martin-Lunger

jr. member

Activity: 142

Merit: 1

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.

Topic: What will be your trading strategy for crypto in 2024? - page 3. (Read 374 times)