Comparing to Forex trading, bitcoin is less sensitive to news hours, yet having some strategy would be great and I am still developing them.
That would depend on what news you are listening to as some news impact the market much more that others. If a news report on interest rate, inflation, quantitative easing, sovereign debt, etc, makes the headlines, neither the rates in the forex nor cryptocurrency markets remain standing and looking. 
Topic: What's your news strategy? (Read 2173 times)
Both active and long term traders must listen to news but particularly I am not having any specific strategy to handle any type of news. I like to call myself as a passive trader with respect to bitcoin as I'm not doing anything with my bitcoin saving even I do hear any positive or negative news which are affecting bitcoin prices significantly.
Im not listening to news i joined some of facebook group or random groups that topics are mostly altcoin what hey are buying i always follow the flow i always buying the same coin because sometimes they start puming the coins and we can get instant profit. We are always active when it comes on trading.
To become a good trader analyze first if the coin is shit or not. Don't stock your funds in shitcoin 2 days is very long. Research for the first before trading. sell at high Buy at low just remember that.
yes there is no doubt about this that if you are going to invest your money in alt coin you need to get some good information about that coin and only then you can invest your money there. Comparing to Forex trading, bitcoin is less sensitive to news hours, yet having some strategy would be great and I am still developing them.
To become a good trader analyze first if the coin is shit or not. Don't stock your funds in shitcoin 2 days is very long. Research for the first before trading. sell at high Buy at low just remember that.
yes there is no doubt about this that if you are going to invest your money in alt coin you need to get some good information about that coin and only then you can invest your money there. 
To become a good trader analyze first if the coin is shit or not. Don't stock your funds in shitcoin 2 days is very long. Research for the first before trading. sell at high Buy at low just remember that.
I think the best strategy is wait the moment. because by waiting we can determine when the right time in trading. so we can take advantage so that there will be results that can be obtained. and patience are important factors in making your decisions.
that's right if you have more patience you can assess well since alts trading is really hard to predict and the movement really fluctuating we needed to not to react quickly we do need to assess before we join the ride as there's a lots of changes that happen inside the trade especially when whales got in to it.So you do your research on some alts and buy interesting ones on low price and leave them sit long term unless something nice happens to the price no matter if it's a week, month, year? If you pick the right ones in first place, I guess you can be very successful with that strategy. The problem is to identify those which are candidates for a (big) pump in future … Thanks.
// Alex
I think the best strategy is wait the moment. because by waiting we can determine when the right time in trading. so we can take advantage so that there will be results that can be obtained. and patience are important factors in making your decisions.
that's right if you have more patience you can assess well since alts trading is really hard to predict and the movement really fluctuating we needed to not to react quickly we do need to assess before we join the ride as there's a lots of changes that happen inside the trade especially when whales got in to it.So you do your research on some alts and buy interesting ones on low price and leave them sit long term unless something nice happens to the price no matter if it's a week, month, year? If you pick the right ones in first place, I guess you can be very successful with that strategy. The problem is to identify those which are candidates for a (big) pump in future … Thanks.
// Alex
Both active and long term traders must listen to news but particularly I am not having any specific strategy to handle any type of news. I like to call myself as a passive trader with respect to bitcoin as I'm not doing anything with my bitcoin saving even I do hear any positive or negative news which are affecting bitcoin prices significantly.
Definitely trader must be updated towards news and current events about stocks so that they can move their fund on the current "HOT" trend. This will enable them to take advantage of the possible profit of the current news about certain trading pair or can save them from losing value with their holdings.
Both active and long term traders must listen to news but particularly I am not having any specific strategy to handle any type of news. I like to call myself as a passive trader with respect to bitcoin as I'm not doing anything with my bitcoin saving even I do hear any positive or negative news which are affecting bitcoin prices significantly.
Im not listening to news i joined some of facebook group or random groups that topics are mostly altcoin what hey are buying i always follow the flow i always buying the same coin because sometimes they start puming the coins and we can get instant profit. We are always active when it comes on trading. But when you are holding for big targets and when you are ready for holding for years then I believe there is no need to have any specific strategy for any type of news events. I maybe wrong but only for the entire year system failure news events. The small fluctuations will be ignored by not having any strategy for news hours.
Absolutely. If I'm investing in long-term (> 1 year) the information to gather is totally different. Then you need to be very well informed about the asset before you invest. Same like with stock. Do I buy/sell for a quick trade and trial to gain some profit from fluctuation, the information I'm considering are totally different, then if I'm investing in a company for years …
/alex
Both active and long term traders must listen to news but particularly I am not having any specific strategy to handle any type of news. I like to call myself as a passive trader with respect to bitcoin as I'm not doing anything with my bitcoin saving even I do hear any positive or negative news which are affecting bitcoin prices significantly.
Definitely trader must be updated towards news and current events about stocks so that they can move their fund on the current "HOT" trend. This will enable them to take advantage of the possible profit of the current news about certain trading pair or can save them from losing value with their holdings.
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Now I would be really interested in your news strategy. How do you get your market overview? How do you spot coins which are worth investing for a higher price? How do you find your next investment? Do you trade long term (hold the asset weeks/months) or short term (day trading on signals)? And how successful are you with that strategy?
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Now I would be really interested in your news strategy. How do you get your market overview? How do you spot coins which are worth investing for a higher price? How do you find your next investment? Do you trade long term (hold the asset weeks/months) or short term (day trading on signals)? And how successful are you with that strategy?
Spotting coins is based on my instinct. If there is an ICO, I spending my time reading their whole roadmap and some future plans and developments about the coin. I don't read news pertaining to other alts since it's useless. Only bitcoin has impact from the news. For ICO investment I usually headed to the main thread and see if the devs or any person in charge can deal with question and answer portions. New alts are meant for short trades and only bitcoin is meant for long term.
How succesful am I with my own strategy? So far overall stats is good and loss is part of it.
This is part of the hard work should definitely done by a trader on which we should do search for new news on daily basis specially when we are investing on a particular coin and as you said my head really aches when i saw the altcoin announcement which will you see lots of altcoin is launched on daily basis thats why its really confusing on which one you will choose.Here my way im just searching or seeking a roadmap into a particular alt.
I could go thru everything but I dont think you should do this, too much work for not much result
Both active and long term traders must listen to news but particularly I am not having any specific strategy to handle any type of news. I like to call myself as a passive trader with respect to bitcoin as I'm not doing anything with my bitcoin saving even I do hear any positive or negative news which are affecting bitcoin prices significantly.
Definitely trader must be updated towards news and current events about stocks so that they can move their fund on the current "HOT" trend. This will enable them to take advantage of the possible profit of the current news about certain trading pair or can save them from losing value with their holdings.
Both active and long term traders must listen to news but particularly I am not having any specific strategy to handle any type of news. I like to call myself as a passive trader with respect to bitcoin as I'm not doing anything with my bitcoin saving even I do hear any positive or negative news which are affecting bitcoin prices significantly.
Since I am not be sure that my stretagy is how much beneficial but my stretagy of trading is working well for me .
Usually I makes purchase of that altcoin which is at very low price from its principle price and then ordered it for sell in advance with 10% price increment
Usually I makes purchase of that altcoin which is at very low price from its principle price and then ordered it for sell in advance with 10% price increment
"Usual price" means average price for a certain amount of time?
For a quite volatile asset this might work pretty well. How successful are you with it? 2% APR? 5% APR? More? :-)
In the "good old days" of bitcoin I've made something similar. A astonishing dumb Gox bot which did two things:
1. Buy at current/sell rate - 1.25%
2. After buy order was filled, create sell order at buy price + 1.25%
No MCAD, no StochRSI, no patterns. Just buy and sell price ± 1.25%. I started this daemon with ~26 BTC with on 2011-11-05 worth ~72 US$ and stopped it 2012-02-07 with 32 BTC worth ~183 US$. If I would just have let the 26 BTC sit and wait, it would have had "only" a value of 149 US$. So, I would consider this strategy quite successful :-)
// Alex
[…] with a good news and supported by the demo's and actual presentation of project, even a shitcoin will increase in price. News affect all even at the sligthest influence, Good news bring buy demand. and Bad news means dump. I know you will be excited somehow if one of your shitcoin holdings release a good news because I will be excited too if Im holding a shitcoin and it releases a good news 
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.Exactly my point. Where/how to find/filter that type of news with all that white noise for zillions of other coins?
// Alex
there is never an easy way of doing that. because you can never be sure about what lies behind a news that you read. many times it is FUD, many times it is just Hype because that news source have invested his money into that altcoin, or even bitcoin.
but as he said news always have its effect, you only have to figure out which type news has the most effect and which type has no effect.
for example when you read circle CEO saying bitcoin is going to die, everybody is laughing at him and price continues going up!
but when you hear news about bitfinex getting hacked price drops fast because it is an effective news.
Oh my lord. Relying on what passes for news in the crypto community for a basis to make trades is insanity to me. What kind of news would anyone expect about trump coin, or 1337, or any of the myriad shit coins that get buried on Yobit and the like? They're all pump and dump, so any news is going to be heavily biased and likely not even reliable. I think that plan is a lot of horseshit. It's all random luck, making money trading altcoins.
Thanks for the crystal clear words. But now … What's your strategy if you're a trader? Buy 10 random coins wand wait for them to be pumped and sell right in time? Curious …
// Alex
buy 10 random coins is too big for trader unless that trader have big fund in the wallet, i guess if we want to buy, we should select at least 5 coins or less and wait for the next pumped and for that 5 coins, we are not difficult to handle and manage if something bad is happen. for me, i think i will only buy 3-4 coins and watch in the market how the movements, if its good, then i will be ready to buy and sell it.
Since I am not be sure that my stretagy is how much beneficial but my stretagy of trading is working well for me .
Usually I makes purchase of that altcoin which is at very low price from its principle price and then ordered it for sell in advance with 10% price increment
Usually I makes purchase of that altcoin which is at very low price from its principle price and then ordered it for sell in advance with 10% price increment
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