Topic: What's your current strategy? - page 33. (Read 8996 times)

Right now I am holding my Bitcoins as such and not betting much on any other Cryptocurrency. But I participate in many ICOs which seems to have potential and have made a good profit of them. I think ICOs can be a good way to make huge profit if chosen wisely.

My strategy is day to day trading. When the price is low i buy and when the price is grow i sell. I do not dare to last long. I just buy and then immediately sell when rising price. Except for coins that have potential i wkll hold for a long term

Currently I believe that viable strategy would be to bet on altcoin booms. Those seem to happen from day to day so a diversified portfolio could hold up well against such a market sentiment.

I am a trader that doing a buy and hold stratedgy then leave it for some months no matter i only snip it sometimes if there is a big news that may create a big pump in my coins.  I used not to big or not to small amounts because i always divide my money into many coins so if i got pick one of those good coins then i may earn a good profit on it.

As for my current strategy is to buy low and sell high which enable me make profit from your investment. At the same time I happen to be a long term investor, which means most time I buy and hold pending when the market value of Bitcoin increases before selling.

Okay,
This is my main strategy: follow the market

Pump and you pump it.
And dump when they dump.
HODL if you miss to exit and somehow you would buy more later after it stopping drop.

We have to really control those situation that might lead us to panic decisions, and to those different trading currencies in the market it's always an unpredictable job to do. Some people doesn't wanted to monitor the current trend on the market sellings value, because it made them stressfull everytime fluctuations took over that's why they placed an auto sell so that they will be surpriced when their sell order hit the good point.

You're right trading altcoins is very much unlike trading on forex, for one thing the liquidity of altcoins is still relatively low that whales can without much ado spoof the market and a reason the market can be quite unpredictable, but which is something quite uncommon in forex trade. Beyond that altcoins are unregulated as does fiat currencies, meaning  control and monitoring are at their lowest ebb.

You know, I've been in the Bitcoin game since 2012, trading regularly since 2013. And the dollar-averaging strategy has been tough to beat. Swing trading has been great, but when you take into consideration the risk of exchange closure and capital gains taxes, slowly averaging into a long term Bitcoin position has been very fruitful. I'd say that it will continue to be for a long time.

My current strategy is to do averaging, i do it by buying worth of $500 of bitcoin every week so i can get the average price of bitcoin for the week and i just keep doing it since the start of the year now and i can say that even though the price of bitcoin now is high, i can still earn because of my previous investments that was already done by the past few months.

Of course i know bitcoin is the best coin ever made, but i was talking about trading altcoins against bitcoin, because we cannot do day trading with bitcoin as it may don't go up and down in days so it gets really difficult to generate profit in trading bitcoin everyday. In altcoins, you can earn profits everyday as they move very quickly and this is a everyday process in altcoins.

Depends on how many btc you hold, if we only have small amount (less than 0.5) so I can say that holding wont be so profitable compared to day to day trading. I'm a small trader, I prefer to trade actively so I can make profit by trading bitcoin to altcoin in daily basis.

Holding must be the highly profitable strategy we can follow with bitcoins as of now. Because people are sharing for same amount of capital they are earning better with holding compared to trading bitcoins actively. I guess this must be the enough proof that my strategy will get me better benefits in coming months.

Pretty much just holding, although it would have been better if I had a larger investment.  Will need to invest some more, but I'll let the current volatility settle down a bit before looking into that.  Don't want to get in right after the price surge.

A straight answer to your question “which coin do I invest?” is “BITCOIN”. Now you want a reason the here we go, bitcoin is now tycoon off all the currencies because of its highest price and it will keep increasing because there is no reason to fall down the prices. There are many deals which are good for you. you can talk to any senior trader he will best guide you about all trading system and dealings

to me my current strategy is very simple and that is to hold my bitcoin. in fact i have no interest and experience in short term investment, therefore i mostly invest my money for long term in fact there are very little risk to lose your money in long term investment. i will like to continue holding my bitcoin for next few months.

People keep talking about buy low sell high. But which low?

Lower than highest price in 1 day, 2 days, or 3 days? Or low to the support line but what if it goes lower than that?
What if it's low but there is a bounce (you don't know that's a bounce) and you think the market will go up soon and buy in. Turn out you have to cut loss but as soon as you do that, the market turns around and go up. you buy more with a higher price than the price you bought before. The market is a lie, the price suddenly go lower than your cut loss line so you have to cut loss again. Like a never ending nightmare. It turns around and goes up again, you think that just a bounce, it will pullback soon. But no, the price keep going up. You are in FOMO and really want to buy but fear of losing, you wait for a correction and go to sleep. Tomorrow the price is up 50% and you regret that you didn't buy yesterday. Oh yes look, it's correcting, a 61.8% Fibonacci like in a trading book. You put your buy order there and wait for a miracle. As soon as the price touch 61.8, it keeps going lower. But you are a genius, 61.8 and it will bounce up soon. Hell no, the price keep going lower than that and meet 78.6 you have to cut loss. You hate yourself so much. Wait, the price is bouncing, and it touches 61.8. You feel like an idiot because you bought at 61.8, cut loss and have to buy at that Fibonacci line again. Fukkk, as soon as it touches 61.8, it declining. Turns out that was a bounce. You are in deep shit.

Although the price of Bitcoin breakout to highest price as in past days until now? For me, when the price of Bitcoin breakdown after pumped, I will choose this time for buying and store it to could wallet and forget this amount like you. However my strategy will saving more money and can buy many Bitcoin than your strategy.

Thanks to everyone who participated.

Seems that buy and hold is the winner.

This question is part of a research to build a new product, if you'r interested (as advisors, full-stack engineers, product designers) email me at : [email protected]

Also keep participating and sharing this survey : https://cryptoinvestment.typeform.com/to/wvQQyZ

PS : i'am new in the crypto community, built product in other sectors, never received this much participation and enthusiasm anywhere else, now i understand why crypto is meant to succeed.

The current strategy that i am sticking with is to just buy and forget, i will do it when i buy some bitcoin and no matter what happen i buy bitcoin in every 3 months because i think that is the right time to buy and also i am saving my money from my salary to just buy at least 1-2 bitcoin every 3 months and if i am lucky i can buy up to 5 bitcoin.