Bitcoin Forum

if you are interested even in small profits try arbitrating

(I'm not a trader) As you said, buy low - sell high. Also, since I usually prefer to gain my bitcoins position rather than fiat, I try to take advantage of downtrends to short more coins. As for reading graphs (which I am especially bad at) you may want to look at the EMA lines, especially the crossings.

everyone is leveraging with shorting positions this days, this is the strategy, also try to operate in an exchange with the lowest fee possible, because you need many small movements which are done frequently, to increase your income

I think you will only know that if you have been experienced it. Experienced is the best way to know or to learn how to know when you will buy or sell your coins.

I guess there is only one strategy in the cryptocoin world that works in the long haul (apart from arbitrage, of course), that is, to follow big fish and not get caught in the way (unless you are the big fish indeed)...

ahh keep in mind that is mega stressful to day-trade bitcoin, at least for me it was.) better is to buy at current prices and HODL!.)

You can either follow the charts or trade based on news event or better rely on both as indicators. Usually i will rely on moving averages so that i can spot the trend especially if there is a reversal or when price is at oversold position. Nevertheless try not to take unnecessary risk when it comes to trading.

If you juse depends on your own experience you will fall again and again. At least you must need someone to guide you in this bitcoin. This is not like books that can be learned in one or two days. This is your future here, if you lost now you will lost your future too. But if this good so your future is already in your hand

No i didn't failed when i tried again because i'm  avoiding the wrong things that i have done . After doing that my work or my strategies in trading are good and great. It helps me a lot

How lucky are you? Just in one try you can avoid all of that mistakes. I struggle hard from this bitcoin. At first to know bitcoin I always in losing, get some and lose it again and I keep making the same mistake but now after I learn bit by bit I guess now Im ok

I also tried so many times not only 1 try. Me too always losing but its ok. Having a wrong things is a normal people if we didn't failed we won't learned.

Figure out production cost and the demand.

Probably the safest way to make money with trading bitcoins is through arbitrage. This means that you see an opportunity to buy an bitcoins in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the bitcoin immediately at a certain price. If you wait - then this is no longer arbitrage trading, but speculation.
Go and have a look at the price differences between exchanges and check out if you can find good opportunities.

The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency.
When the price drops again, you buy more Bitcoins and start all over. If you are lucky or can predict price of btc you will earn some money from this.

There is not such a strategy to trade Bitcoin. The simple rule which applies everywhere I mean in every trade that will work here too.That rule is buy Bitcoin when prices are low and sell them back when you see up trends.You need not to be greedy just go after small profits and you will always win some profit.

i think trading can be little risky if you dont have much knowledge about market trend because sometime many prediction goes into wrong direction so if you low and it go more low than what action you will take in that kind situation?

I`m not a trader myself, but only sell off at obvious gossip and all that stuff like when mt.gox were going to effect the prices back in the day.

I have a friend who day trades, but he also takes a loss at times so you really have to know what youre doing more of cash managment then trading since you dont know when it`ll fall hard.

Id point on that he does have a strategy, but its much more harder then you think esp w. how breaks down his TA (technical analysis).

Yeah its more on knowledge about trading and also you must have a good attitude to have a good traders and also prediction is not really happened or not true .

there has been tons of topics like this. if there is a bulletproof strategy - no one will give it away. only lure you into cranking up the trading volume

most important thing is patience. if you have that then trading is very easy and it requires very low effort. buy low sell high.

Yeah that arbtirage is one of the most effective way to get bitcoin fast but we can't always use this kind of method because we can't always see arbitrage altough is so fast to earn, we must wait for some time to get until the arbitrage if not it would just be the same like usual trading. Just wait for low price and sell for high price

Buy at low price, and sell at high price is the only way to earn money.
And if the price going down, you should buy more.

Thats is the need of businessman PATIENT and also have a self confidence. Patient will help you to wait to a buyer and if that buyer offer you a small money you can ignore him and find another buyer. Self confidence will help you that you can buy or sell your products and it help you to face the people or to talk to people.

I ever did this (follow the big fish), but what if after I following him and then he suddenly disappear? What should I do next?

Sell your stash of coins as soon as possible. You may of course ask me how you can catch this very moment (when pumping turns into dumping), but I pretty much don't know. Personally, I prefer day trading. By the way, yesterday was a good day for Dogecoin (remember, follow the big fish), and I guess many profited handsomely...

How come you ask them to sell their stash of coins but you didnt give any spesific reason? You need give them at least a reason why you should pump and dump it as soon as possible. This will help them and give them some good information when trading

Specific reason for dumping one's stockpile of coins was given in the post I replied to. You may want to read it

And the other reason is to earn a big profit by doing pumped and dumped. As usual we do it to earn. or you do it because you want to earn .

Most traders will either buy and sell bitcoin on a daily basis, or hold  bitcoins on the grounds that its price will increase in the long term.

Buy low and sell high, but the problem is that it is easy to see the good entry and exit points that have been, it is difficult to see the ones that will come in the future.

Yeah the main strategy buy and sell bitcoin. Many people use this method so that they can earn a profit and also they would have a friends that they trust him.

Sell in isolated markets where Bitcoin is highly valuable and not readily available. You can find them online, but places like Local Bitcoins and such will only offer competitive rates. Find a market where there is less competition and increase profit margins.

Make a service for people in your neighbourhood that want bitcoin, but dont know how to buy them. You can easily get 10% on each transaction that way. Especially if you buy on an eschange with low value and show them the value where btc is higher.

trading strategy just need patience, if you see bitcoin down, please dont panic sell.
or you use martiangle strategy.

the problem is there is no ppl there who are interested at bitcoin! So it will be difficulty to find a buyer for the high price.

you can try to sell your btc here on the market with a +6% then buy from someone else at 5%, 1% pure profit, this is still trading, it is also done off market so will not influence the over all price so much

it's the best trading you can do, there are only some risk due to scammers that are always around

Yes I agree on that, everything you do will always need a patience but how do you trading with martingale method? Is that even work for trading? Because what I know is martingale is only for gambling and you really need a lot of cash to do it but trading some people dont have a good bitcoin to do martingale

For every dollar you lose in bitcoin, buy bitcoin for two dollars!

I dont think this can be a good way to earn back what you loss. It will be just like a spending your money to buy again and again, you can cover the loss from trading because the profit that you get can't cover it. It is not like a gambling that can double your money when you win so your loss will be covered

Do you mean that it works in gambling?

Yes its true. For trading that is a bad idea to do martingale because you need to spend most of your fiat to buy bitcoin but with gambling I guess some people prove it that its working and at least you can cover your loss and still get some profit with it. I just experienced it before and after that I loss them all to because I was too greedy  ;D

You will find a critique of this if you look around the forum. Basically there are two problems: 1 you might run out of means before you win, and 2 if you win, you win only the size of your first bet (while you set a much larger sum to risk).

I don't say that averaging down is a good idea (unless you know what you are doing), but using martingale when betting is a sure way to lose in the long run. There is a multi-paged thread in the Gambling section of here just about that...

There is no winning strategy in gambling given the positive house edge

Very true, I just stumbled upon this post to give critique about martingale. It is a strategy but not a winning strategy though. Add another third scenario for it, even if you have infinite balance there will be maximum bet in each sites that prevent you from keeping your martingale option


Martingale strategy in trading will have the same effect as martingale in a gambling sites which is a lose sooner or later but if you are truly good in trading especially in reading graphs than this strategy could be well applied to it


It could be applied for binary options trading since it will be just the same as the usual martingale strategy that is used for gambling though

The best  strategy is buying now and never sell it until the price going to $10000. You can't think the price is only $200+, right?

This is known as a long term strategy in BTC trading but as you know that this strategy is quite risky especially with the current state of the price where you can see that the price is declining day by day.

Your prediciton is a bit off there as no one could ever guarantee that the price is going to raise up because all we can see that the market itself is now controlled by pure manipulation of some group of whales.

Not to mention that satoshi himself said that there will be either alot of BTC transaction in the future or nothing.
This actually indicates that satoshi himself is not even sure about the future as things might happen

I guess that is true but it will have a lot of risk in doing martingale altough if you good in reading graphic and your analyze is almost perfect but you could make a mistake too so its too risky to do martingale in trading. Better to trade like usual and hope to get profit from it and dont expect too much from martingale things

Excellent skill in reading graphs and analysis is not a guarantee that you will never lose in trading. It is just as an insurance that will give you a better chance to "win" in trading. Golden rule of trading : each time someone get a profit, there will be someone who lost.
You cant always "win" in trading therefore there is a term to "cut loss' for pro trader



Well you know me, Im not a day trader, a gambler suits me better  ;). I just got some skills in reading graphs or so thus this enable me to know about this "small movement" which is declining day by day.
True that most people dont care unless the price goes up or down by atleast $25 or so but since this thread is about trading strategy that is why I posted that though to make people aware the declining prices  ;)

P.S : Plus I read alot of graphs analysis so yeah :)

The mantra of Bitcoin Trading is Buy LOW Sell HIGH.
But it takes a lot of patience. You will have to wait for more than 6 months as the price might remain stable ( as you can see know ).

I have been trading bitcoins since 2012 and has been a nice investment. I buy low (-9%)  at LocalBitcoins and sell them at higher price (+2%)
Nice Strategy ;)

Great job, so how much you would earn in that strategy? i think it is big because you buy your localbitcoin in less than 9% and you sell it more than 2% and its different is more than 11%,

shorter strategy is risky too and more dangerous than just holding, also is less newbie friendly, you need to be a little professional to do it well

satoshi said that because for him bitcoin was still a test, i would like to know what he would say now...

Good long term strategy, for short ones pick any promising altcoin and take a shoot on some additional income but is more gamble then income so pick one.

Not really. Since there are two kinds of short term strategy here. The one that you mentioned is about day trading which need the skills to read graphs and the ability to take on profit for every margin of buy and sell .
The other kind would be a short term strategy which doesnt require the ability to read graphs or so. I.e buy 1 BTC at $235 and sell it tomorrow for $1 would be a great turn of profit.

The long term strategy on the other hand require much longer time and much more difference before someone willing to sell like almost difference of $25 before people willing to sell it because they thought that it is not worth it and of course lack of time to check the prices as well

P.S : Test or no, BTC has change a lot of people's life. Im grateful that I have the chance to know about BTC  ;)

Yes that is for a pro to read graph easilt, but not every people can read it easily and you must need some skill to read it anyway. And about the long term I guess some of them is trying to stack it as much as he can then he will sell it for the good price, not in this volatile price for now so long term strategy is a little bit hard to do, its better to get the daily profit its safety. I think everybody that play this bitcoin say that they are grateful because it changes their life for sure  ;D

Yeah but you will wait a very long time and you must have patient and $200+ is ok . Its a big profit and not bad at all.

basically the other short strategy you are talking about is pure gambling, because without ta observation you can't go far away, one day you lose more than your lucky gain, unless you're farsighted and your actions do not stop soon

In fact, as it has been said many times, the only winning strategy is to stay away from gambling altogether. So, if you are constantly losing at trading, maybe, it's better to stay away from trading as well?

Gambling is not strategy cuz house always wins.
Investing is long term good strategy.

Trading is always good so pick one.

More or less not the same. Actually you could have an alarm in your phone to warn you just incase the value is decreasing by X percentage from the price that you bought at . Using this simple application, I have been able to step away from major lost and gain profit overall.

Gambling on the other hand requires almost nothing but luck (im saying standard dice sites though other games may need a bit strategy). Farsighted had to do with reading graphs because you cant convince yourself to hold while you dont have the confidence about the price that may raise in the future if you had no such data

Hahahah you now that the house or the owner of gambling always won. They just win you in a little time and then you will lose in the following days or time that you went to their house. And in investing have a high risk so you won't assure that your coins will earn or not.

Gambling sure is not strategy but gambling have some strategy to win sum of your money but it will not always worked because it will depends on some of your luck. Investing in a long term thing to do but it is not a good strategy to get your money back and it has a higher risk so it will have a chance to run away your money too so have a good pick for your investment. About trading I can't give much info because the price is volatile so sometimes you will get profit and sometimes you will lose it

Yeah its better to invest than gamble. And also remember the higher the risk the higher return so that trust your self and have a self confidence that your money will earn.

In trading always follow trend and be patient and always use stoploss if it is going in other direction. Money management is  the key to success in trading.

And also having a good decisions and great idea to better have a great profit or earnings.Budgeting money or having a goals is the also key to success in trading or in different strategies.

You cannot follow that trend directly because you never know when the price is going to fall or raise, so make sure that you buy in a lower price so that you can sell it a little bit higher. You must need a good timing when you will buy and when you will sell. Everything that you do in trading is affect your result so you must do it carefully so you wont be at loss

It's also important to know when to break the trend or to change patterns, even with the long run price drop this year there were periods of recovery and price rallies, so in terms of short and long term strategies both sides can easily make money.

Having a good timing make your buy and sell success. Because you can't predict when the prices is going to fall or rise.

An oft-repeated claim in the equity markets is "never try to time the market".
This might be valid in the bitcoin space as well. Systematic investment, over the long run, could yield results.

You can, that is why graphs exist. It is to help you to predict where the direction goes, as well as the trend of it. Basically it needs some skills in reading graphs though


AFAIK you cant change the trend/pattern unless you are a whale that is able to manipulate the market, if you are not then you cant change it and you (most of us) will always be trading in a manipulated market. Basically 500 BTC will be enough to move a small portion of the trend


Indeed true, things could go south no matter how good you are in reading graphs and predicting the direction of the market. Once whale decided to manipulate the market, then nothing could stop the market from being manipulated (unless another whale decided to be the opposition though)

Yeah thats why we need to have a information about or the history of the price of bitcoins and study when its price is low or high.

Actually the information/data is exist there. You can check it HERE (http://www.bitcoinwisdom.com). Along with some tools to draw some lines that will help you in analyzing it and also determine the lowest point for the 24 hour. Actually what matter is the difference between buy and sell. All you will need is to sell higher than what your executed buy is minus the trading fee (if there is any).
Most people thought that this only gain them a small profit thus waiting for a higher price which actually resulted in the price got lower and people got some lost

They just not have enough patient to wait so that they lost a bitcoin. If they want to earn a profit to their coins they must wait until they got the right price to sell.

Don't trust indicators or any technical guru shit.
Follow the news. Decide at each major event whether or not you wish to continue to hold or sell out.
It is a game of patience, expect to wait for months, maybe years.
And remember, signals are not clearcut, it is kind of subjective.
It takes about a few years to become a good trader, so hang in there  ;)

Indicators is basically to help you in executing your trades, so actually it is best to have some knowledge about it


This isnt like 2012-2013 anymore where news will have a significant effect to the price. Basically good news only bring in the hype, which means that you will need to execute a buy as fast as possible because after the hype, price usually goes back to where it was before


As per I have stated, the long term strategy which involve waiting for X period of time is not a good strategy for trading. Logically, holding things for X period of time is not considered as trading though, it is more like investment

P.S : just my personal thoughts on this


It is not indeed but atleast it helps you in executing your trade. Knowing when will the lowest and highest point throughout the day is actually a good thing since it basically helps you where to start buying and to sell it for X percentage of profit

I am trading alts, where news still matters much, I see posted in the wrong thread, sorry.
However, I am getting good results, so I know what I do works.
I don't like indicators(moving average for example), when you see a certain trend there is no guarantee that that line is going to continue.
You need figure out what drives this trend, will this drive continue or cease to exist?*
If it is the latter or if you don't know sell and pick a new altcoin.
(Also do your reading before investing)
I am holding for months, basically because I don't like the daily variance, it are mostly just unpredictable movements or noise.

*A positive signal could be the release of a new/unique feature for example.

Everyone seems to have their own take on trading, no means to bash your opinion or anything, just stating my own. :)

I dont know that you are implying on altcoin trading strategy because this thread is about BTC trading stategy . Altcoin trading strategy is mostly about hype so that is correct from your end that news will be the indicator for the price. In altcoin, mostly you need to do is to pick newly created altcoin and wait for the hype, rinse and repeat the pattern.

P.S : lets not derail this discussion further and stick with BTC trading strategy instead  ;)


No problem, I do apppreciate your thoughts as I am sharing my own as well

Right now with all this fork talk I wouldn't risk getting in. The price has gone from 240 territory to 230 lows. We'll see to what extent does all of this have a true impact on the price. I would say we are going to be on a low price until all of that gets settled and we can talk Bitcoin has something solid that may not get jeopardized by block size limit every X years (we cant be forking periodically).

Actually the price and the fork talk will have nothing to do with "trading". All trader need is a right time to execute a buy and sell and a margin where there got some profit from the buy and sell difference. Thus being said, Even if the price drop down by 50 %, as long as there are a margin , trader can execute their trading activity and gain profit from it although it will be slightly lower than usual though

just follow the wave if this recent news would bring bitcoin to sub 200, then dump and buy again at 150-200

Isn't trading usually based on following the trend and not on hype speculations? I wouldn't say that just because BTC drops below 200$ it will drop to 150 where you can buy in. Then again, based on what indicators you follow or use, it may be good to sell/buy at that point. I don't know. I have personally found that these speculations work about 50% of the time. Someone says something, if he/she was right then comes the "I told you so", otherwise silence. Also, lot of people try to influence the market with their suggestions, (in their favour) so you have to listen selectively, which can be hard.

If there was a golden strategy, a lot of people would be rich by now. Fact is, strategies exist and work in certain situations. However there are a range of difficulties that separate theory and practice. I suggest going to http://stockcharts.com/school/doku.php?id=chart_school (http://stockcharts.com/school/doku.php?id=chart_school) and making some long research there. I'm doing the same currently and testing a few trading techniques.

I have tried following a strategy out of the box, but it didn't work. Even though it should be working, based on maths etc. There is a lot of experimenting involved.

as you said there any real strategy behind trading(this is waht i think at least, i could be wrong i'm not a pro trader), is just a opinable view based on the various chart, or on the whole story of that asset/others assets, some times is just a matter of insight, other is just pure luck...

many strategies only work because they are reinforced by the fact, that many adopt it, not because they are exactly good, if everyone agree on doing the same thing, it will be more easy to obtain the hoped goal

this is why you see group of whales, moving, besides the manipulation, they can reduce the luck involved when they work on the same strategy, instead of working alone, with the possibility of following different paths

i think its come with times every day you will get more experiance  Whatever you lose is not a loss is another exeprience in your life

That's cold comfort and a weak solace. There are a myriad ways to lose money and only a few to gain in trading. If your losses (as well as winnings) are due to randomness of the markets (which would be the majority of cases), you get nothing, just lose money...

But you may finally learn how to limit your losses next time

Its only challenge in your life and if you lose hope and just give up you won't make your goal success.

True , but hype is one of the trigger that could either increase or decrease the price of it, following the hype and execute your order on the right time could be a blessing if you are a daily trader. Basically good news regarding BTC is a good hype for the price to increase , though we dont see any price moving up lately

Another example would be the news of KNCminer coins finally moving, I see the price deceasing after the news is leak . Hype ? Perhaps or people having the fear that the price might get alot more lower if they dump the coins


Another way of hyping, this can be seen alot on btc-e trollbox. Basically that exchanger has a lot of trolls that will keep on typing buy or sell. They are doing it for their own purposes, getting someone that has no knowledge about whats going on to fullfill their order in the market


Indeed no, except the strategy of manipulating the market I guess. Strategies basically help you in reducing your chance to lose though


Dont, follow the trend unless you are whale that you cant got against the trend or either goes out of the box.

I think that it is often not the actual effect (what is being hyped) that causes a change in price, but the hype itself. Of course, certain effects can influence bitcoin in one way or the other, but this is not always the case. For example, people were expecting that wider scale adoption of bitcoins will lead to higher prices. Even though some larger companies do accept BTC as payment, we didn't see the price shoot up to crazy highs, it's just floating around sort of the same levels, +/- 50$.



Exactly what I meant. The BTC-e trollbox is the perfect example, although I have seen it elsewhere too. One wants to sell his coins, so of course everyone has to buy, because the price will skyrocket. And at this point I am not sure who could be trusted as a source of information. Principally, anyone could be giving you false advices intentionally so that he/she has monetary benefits.


When I say tried strategies, I mean running simulated trading, aka tests. But the fact is, based on maths and algorithms such as EMA and more advanced, one should be able to follow the trend and always make profit. In theory. However, in practice, selling is not instantaneous and the prices change so quickly that even a small delay can throw calculations of balance. Plus, of course, there is a trading fee as well that slashes the already small profits. More importantly, I could make a profit if I sold at e.g. 265$, however the sole fact that I am selling reduces the prices and my margin is gone.

When the news of Microsoft accepts BTC was released, I remembered the price shoot directly like +20$ or so and then goes back after just a few hours because people realized that they are accepting it not for their major product .
For now the price is being controlled by whale / group of whale, that is a why a good news regarding BTC isnt helping to move the price at all

I reposted this chart from user Benjig from another thread, basically this is a good chart if you want to see if a news move the price

https://i.imgur.com/Dl1ZxUk.png


Golden rule of trading will be that someone need to lose for another person to get a profit from trading. Basically, none will be telling when is the right time to either buy or sell, mostly people will only tell the opposite of what they do. Whenever someone is telling to buy, basically he is putting a sell order and waiting for it to be taken. That indeed hyping is a common way now to "help" with trading though



True, that is why most people are using bot to ease their trading. Doing trade manually will only get yourself burnt especially if you are doing it in a high volume market where the margin of buy and sell are almost none and not to mention that human's speed is limited, price may shoot up immediately without you knowing , i.e few weeks back someone mistyped a zero on btc-e and executed a 10k BTC buy, shooting the price straightforward.
Another options will be trading in a non fee exchanger , most chinnese exchanger applied a zero fee market though.

I was simulatiing some bot trading, but even that didn't go fully according to maths.Even if my bot tries to sell some coins, the pure fact of selling creates a downwards shift in prices.

@ News' influence on BTC price: What I see is that it has a temporary effect  :) Slight variation because of people thinking what it will bring, then it goes up/down (back) where it (roughly) was. Of course major news have different impact.

Indeed, having bot does not mean thay you will always get profit though, it basically ease you in trading (bolded it). In some situation, trading with bot is much easier though especially in high volume market.


As a matter of fact, this is actually needed for daily trader. Having either good or bad news will bring on the hyping even more active , which you can check from btc-e trollbox regarding how they react due to the KNCminer coins being moved.
Also if you remember correctly on how the news of several months ago regarding paypal accepting BTC is leaked, people are buying like crazy but somewhat the price is going back to where it was weeks later. News do have slight effect for the price but the thing is due to the market being manipulated, we could not even predict wether the X or Y news will bring an impact or no the market

i dont buy direct from exchanges i buy for a resseler that plays with market soo lets say the btc worth around 300 dollars that users charges me 50 dollars above and done...even if he bought btc low or high the user just got some income and always add a rate above the current rate of btc on that day .I dont buy direct because most exchanges ask too many details about the trader and allow wire transfers as credit card and i dont like it.

There are two techniques commonly used by day traders to increase their profits from market movements. Leverage, or margin trading, means borrowing money on a short-term basis to speculate on the price of bitcoin. The loan is paid back when you exit the position. For example:

The price of bitcoin is $500. You borrow $5,000 to buy 10 bitcoins.
The price of bitcoin rises to $550. You sell your 10 bitcoins for a total of $5,500.
You pay back the loan of $5,000, plus interest (say, $50).
Profit: $450, on a price movement of $50.
Of course, you can also lose a lot of money this way: if the price goes down instead of up, you will lose ten times the price movement. This is what makes margin trading so risky – it is potentially extremely profitable, but can also be very costly.

Good example Unless you forgot that a skilled trader wont even wait for the price to increase by 10 % then sell it after and to mention that there is a way to actually profitted from using this strategy, which is called as constant percentage execute. Skilled traders are always playing with the market like a bot (if they are doing it manually ) , with that said before doing it , they have put in a limit of each buy or sell.

i.e 1 % each time which means that whenever the price shoots above 1 %, they will constantly sell it for 1 % profit instead of above it for safety practice and also do the same thing whenever the price drop (cut lose)

Heard of this saying :


P.S : my own saying btw  :P


This is another way a trader profitted from the market though. It is somewhat less risky and much highly proffitable also that it is much more less time-consuming, which you can even check from the currency exchange board whereas most people accept at -3 % stamp rate and sell them at +3 % stamp rate (more or less ) , thus this generate a 6 % overall profit for them

Actually most BTC/FIAT exchangers do ask some question especially your identity since it is involving FIAT though and actually it is a normal procedure around

It might happen then you really never sell then. So you have nothing from your investment.
On other hand you can earn from bitcoin price movements.

most people don't even know what holding really is. they will probably sell their coins as soon as they see the price went up like 10-15%

Are you really believe that you will get $50 per bitcoin until your payment time is up? And now the price of bitcoin is just around $224-$225 so I dont think the price will hit until $274-$275 so it is pointless to do that kind of trick



Are you sure that this might happen? $10,000 is that making sense? May be around $1,000 I still believe it but $10,000 I still can't believe it what will happen if the price has going there

There is nothing wrong with that, he is simply stating up example so he can indeed put up any number into it but he forgot the vital point that a skilled trader wont even wait for a 10 % increase to sell it, it will be around 0.5-1 % to execute the sell for them


Nothing wrong with having speculation though some people loves it actually and also that most people that hold BTC for long term actually have the same opinion about that. Mostly because it is driven by the past perfomance that the price shoot up to $1200 which they believe might happen again after some halving or atleast few tenth years

unless you can systematically, be good with selling at such low % in the long run, fees would be a problem, those are anyway good shorters traders, a more bullish will wait a bit more before selling to squeeze the maximum amount possible, and the risk will rise too, of course

Fees are mostly 0.25 % which make up 0.5 % for both buy and sell which makes my argument stands on atleast 0.5 % because some exchanger apply a limit/instant execute which the fees only apply to the limit option and most chinese exchanger are applying 0 % fees anyway so it is a bless for trader

The bolded part is actually a standard way in trading. Practice do make things perfect which in this case a skilled trader will now on not how to limit order

i.e since the price is holding at $220 (for example )

Instead of buying a chunk of it for $219, trader mostly set up limit for the order and spread it well, in this case it will be buying at $219 , $218.8 , $218.6  and so on. By making it this way, it is easier to gain profit this way, the price of your buy order will be on the average of those all buy order. By doing this way then if the price is dropped to $218.8, then you will still have some tiny profit out of it because you are not buying them entirely at $219 but instead you spread it further to minimize the risk of losing it

This 10'000$ dream is cool, problem is you have no way of knowing if it will ever get there. I'm not saying it cannot/won't, but do you know for sure that it will? Otherwise you will be sitting on a bunch of coins, not doing anything with them, just to find out that in 10 years it is worth the same.

Some people are living in their own delusional dream (cant really blame them though), probably driven by that BTC once reached $1200 and may reach another high peak again someday. The bolded part will be a good scenario if it really happen or the people holding and hoping it to reach $10,000 will be sitting with a worthless BTC in 10 years
Not that Im pessimist in BTC , just that people should learn that it is not a guarantee that the value will increase overtime , best thing would be earning from its movement aka daily trading

P.S : buying and holding BTC isnt really trading but somewhat it is long term investment

Buying and holding isn't trading at all - it's buying, and errr holding. There's nothing "somewhat" about the long term investment part, that's exactly what it is.

So what's been your history and success with trading BTC? There's been such little movement recently, I wonder if you've been able to make some plays that have really paid off.

Good luck!

I am decent on it I guess but I was a day trader like a year ago ( or about 8-10 months ago) mostly in btc-e and huobi but not anymore, I am now enjoying my life gambling with it now instead ;) .


Actually there is quite a decent movement and the price decline again just few hours ago which you can check here https://bitcoinwisdom.com/markets/huobi/btccny. If this small up and downs isnt a movement than I dont know what is . You could have profitted from all this small movements but most people are looking for big movement instead since small movement will earn them a little only .

so if you don't sell you are not trading? buying and holding with the aim of selling at some point(you see you will actually sell later), is a trading strategy, a long-terms ones

selling and buying can also be called an investment, a short term investment, actually they belong to the same class, one is fast the other is slow

I would say it kind of depends on how long you are planning to hold on to your BTC (asset). I mean if you are planning to sell in 10 years, I agree it is trading in some extent. However at the same time, can you call something "trading" that involves a single trade in 10 years?  :P

I think holding is simply an investment in an asset or stock with the hope that it's price will go up. wait..which then makes BTC a "company" where we are the shareholders.  :o ;D

This is what exactly I meant, I should have posted this in a better sentences so that people could get what I exactly meant. Most people do think that buying now and keeping it , hoping it to goes up by $10 next month/year and sell it is consider as trading but the fact that it is not, it is more to like putting investment in BTC


Actually selling and buying activity doesnt count as investment but is a trading activity. Investment is more or less into keeping things for long period of time hoping that the value of it could be better by the time . While trading is somehow different, most people that hold BTC doesnt even bother when the price is lower by 1 % of the value when they bought it and keep on hoping that the value will go uo in a few weeks ahead but as a trader this will bother you

The marketcap of Bitcoin is extremely low. If you look other marketcaps of other disrupting tech such as the simple uber one, you'll see how tiny the marketcap for Bitcoin is and how the space to grow is insanely big. People has a problem of a mix of putting things into perspective and not being able to be patient.
Of course you shouldn't sit on 1 BTC and do nothing with your time, you should actively try to grow your stack in any means possible.

I would say this is only true if you are looking at 1 BTC as the base unit. However if you follow the argument, which is often brought that BTC can be divided infinitely, then we have an infinite market cap. (or rather self-defined)

To be honest, marketcap has less thing to do with trading anyway. It is not about the marketcap will grow few years later or the value will increase after the halving or whatsoever but it is about the movement of the price, the fluctuation of each price .

Even if BTC value were to fall into 1 cent / BTC if there is still a movement in this then BTC is worth to be used for trading , however even if we see $1000 / BTC but if the value is constant without any movement at all then it cant be traded at all (unless someone or few people manipulate it to make it looks fluctuative)

But if the value of bitcoin will drop in cents. Many users will not using bitcoin because of its value and many will disappoint when its happened.

It is not about the value or the usage of BTC to begin with. It doesnt actually important in trading, whats important is the movement of it and that is where trader got its profit and not about millions of people to use it. Of course it will be useless for trader if there isnt any movement eventhough millions of people use it or the mass adoption is happening though

---

Why would you not want to use it if the value were to fall into cents (which is unlikely) ? The feature as well as the technology stays the same even if the value gonna drop in the future anyway. BTC is still BTC despite the value drop or crash but ofcourse most people will jump out of the sinking ship

But if you will notice that people want more money and they not contended on what they have or how much they can earn. They want more and they don't like a small value for a long time.

Ofcourse having a higher value will benefit trader more and would attract more people into it which in this case every movement would net a higher profit for traderif you would compare it to cents but my point would be that even if the value were to drop, the technology stands.
The reality is that most people are only tied to its value, when the value drop then most people will assume that it is dead .Most people are not even aware of this but the true value of BTC were in its technology and also its decentralized principle

for trading everyone needs to become more familiar with market operations and the tendencies . Be careful, especially if you are a speculator rather than a bitcoin user.

Yeah you can say that the value of bitcoin is low but if you keep it from your wallet and wait the value of bitcoin will go high so that you can't say that bitcoin is dead or its worthless

You dont keep your BTC in your wallet if you are trading it. Thats a fatal mistake because once the price rally, it will takes sometime for your BTC to reach the exchanger and thus you wont be able to sell it at the peak point( of course this is debatable with so many exchangers were hacked ).


Untrue, in BTC trading the most thing that people need to learn is to distinguish a bullish or a bearish because the current market is heavily manipulated and unless you know how to distinguish this then it stands harder for you to get quite a profit in the current market

I think arallmuus is saying that it's the volatility in the price that attracts traders.  Investors in bitcoin may want more value and a higher price, but I would think traders are just making a bet on the direction the price is going to go in the future.

Yes I did and thats the truth. None will be attracted to it if the value is stagnant and there isnt any movement


Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point.
The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go

well about bitcoin worth no one can say where it can go tomorrow or end month.... its impossible to know where it will stand ,at the moment the worth can easy raise ,there is a lot interest to bitcoin stays at the values of 250 dollars above it will happen when the fiat money on circle would become more the offer.... this is basic knowledge the buy and offer wall affects the price as the world interest

Yeah I wasn't suggesting that there is no due diligence or research behind the bet.  I use the word "bet" because there is a certain amount of risk and uncertainty with the choice, while choosing the direction that will make a profit.  Some people are great at betting, but it's still a bet.

From your statement, I could know that you are not a trader. Yes "no one could know" is a pretty general statement there and it doesnt stand in trading. If you are delusioning yourself with "no one could know" statement then it is better for you to stay away from trading  :)

It is not about tomorrow anyway. People are called daytrader because they are doing it consecutively in one day, taking positiong now and sell it minutes later for a few cents profit , yes it is few cents profit / BTC but daytrader do rinse and repeat this cycle daily thus this gain them profit.


Everything is risky and uncertain to begin with i.e you are saving your money or buy some stuff in fact that you dont even know that you will be alive tomorrow, so you are taking a bet as well ? No it isnt

P.S : above is just an example that everything is uncertain and trader are not "betting" it is so much different in many aspect between a gambler and a trader

well make plans for the future isnt for sure gambling or a bet the thing is you must worry atleast a little on the tomorrow.... you need to eat drink take a shower go work... or just to eat or drink soo its basic to survival.

I think you create on wrong section
More trader discussion in here
https://bitcointalk.org/index.php?board=8.0

But it still the value of the bitcoin, take note value and price are not the same. Value is the importance of bitcoin and the price is how much bitcoin is . So you mean say that they want a high price, if they want a high price they should wait for that time.

the thing is to be wise and enter on the right time on the market,put some buy orders and wait  to complete and must pay attencion... can buy it now and hold for 4 months ,expecting price to go up

it's better to do it with stock or forex, opening a position and closing it it is much simple thna opening an order, you can close your position fast enough and take a small profit where with opening an order you are more susceptible to the market movments

i suggest to use bitcoin for trading with cfd, with plus500 or 1broker, there are others platform, but I do not feel very comfortable using them

Price and value are not the same, but if there is a full-fledged market where the process of finding price occurs, the notion of value becomes virtually irrelevant (as far as traders and investors are concerned, of course), since in that case price would follow value with high fidelity...

There is a slight difference between trading and "holding / investment " (call it whatever you want) because it is not in the nature of traders to hold for months when they could make a slight profit instantly. Also that , "expecting" price to go up is pretty much taking a blind bet and trader isnt the same as gambler unless you are inexperienced on it because most trader dont do a "blind bet".

Nevertheless, it is actually a one way around to another because each time a trader profitted from trading that means there also a trader that lost on his trade

but they misunderstood it . So that they leaved without knowing the truth. And they loss the coins that they can earn and also the they miss the time when the price of bitcoin are high.

Money is value just as anything of value, like food, house, transport and so on. The value comes from people preferring one thing over another thing, in the aggregate you can therefore tell the price of something. Money is one of the things of value, sometimes you prefer money (when you sell your time) and sometimes you prefer something else, that you buy for money. It is due to the general value, not a specific type of value, that the money is so good to  have.

If we only could find a type of money that has that trait that fiat money doesn't have; long time store of value.....

I think all of the old currency are now gone, because government let it go and their not giving a sympathy of that currency. The only way is to giving importance in different currency and having respect.

In trading always follow trend and be patient and always use stoploss if it is going in other direction. Money management is  the key to success in trading.

usually by following the trend, you need your stop loss to be set higher then stop for profit, i'm doing this is in the form of a ratio to 1:5(stopprofit/stoploss)

then closing the position and repeat, you need to look at the past days before opening a position, but my bitcoin are being invested in stock/forex/commodities, so maybe it's a bit different, than opening a order

Trading is always a risk. I was trading a lot last year when btc was very high, I earned a lot of money but lost it all.
I think that at last, only the whales keep the profit.

Seriously I would say that you dont know how to trade properly . Basically as a trader you will need to know how to stop loss at X percentage each time the price is declining. From your statement, it seems like you know about it because if you know it then you wouldnt claimed that you lose it all.
With regards, you dont have to be a whale to get profit in trading. A whale has nothing to do in order to gain profit from trading but as a whale you could manipulate the market for easy profit of course

P.S : There is a thin line of difference between "trading" and "holding" apparently it seems you are more to hold than trade

I Think you must learn how to read grafick , you earned lot of money but lost it all ? because you greedy , my trading strategy is stop after get 20-25% than stop it and WD to wallet,,

Buying low and selling high is the best strategy. But you need the right tools, something linke this:

http://www.oocities.org/timemachine_nz/images/time_machine_04.jpg

Not many people have that skill to read some graphic, although if you have a good analyze, that prediction will fail too sometime, people tend to follow to movement its safer than predict it and set your buying and selling price



Buying low and selling high is the base of trading but how can you predict that you are buying at the lowest price and sell it to highest price? That thing you can't get it easily

You are a pretty bogus trader as well I supposed. Having a 20-25 % profit is indeed a very bad option, considering the price keep on staying at +/- 5 % maximum each day ( on the day before this rally to $250 ) then you will probably be waiting for such a long time just to get your desired profit


Huh? You gain profit in FIAT then withdraw then to your wallet? I may be wrong on this if you are withdrawing BTC in this case then I do think thats such a wasted option as well

P.S ; try to use google translate before posting nonsense seriously people get a hard time to understand what you wrote


I do wish I have one of those though  :D


Of course you can ( not predict but roughly pinpoint). Most people just dont want to learn new things because they thought it is complicated but honestly it is not that complicated.

You dont need to buy at the lowest price, buy it at whatever position you want sell it higher than the position that your purchased it, voila profit ! Many people are getting the wrong concept that they must bought at the lowest point however this isnt always the case though

But it will take some time if you buy it at any price and then wait the price go higher. In my experience I bought in any price like you said but then I can't sell it in the higher price and when I choose to hold ir for a little longer the price is going down drastically. Thats why many people (including me) want to buy it at the lowest price

Then you dont know how to do things properly I guess. Most people contradict themselves with the meaning of profit, basically half dollar is considered as a profit but most people seems to not interested in selling for half dollar profit which makes them hold for a higher expected price.

To be honest, it will be hard if you are seeking to snipe in the "lowest price" as your position and it will be much better if you take your position as soon as possible and sell them for a slight profit anyway. Movements is all you need in trading, not to snipe in the lowest price because basically with movement , you can take profit from most position (unless you are buying from the highest point of course)

Bitcoin Trading is best trading now a days, since it has tremendous positive variable, if you get into the Bitcoins Trading you can make lot of money, If you compare the exchange rates between previous months and now, you will see the marginal increase in exchange rates, so plan neatly to start Bitcoin Trading, and follow the very smart way to buy and sell in good exchange rates, you will see the best result.

tl;dr Bitcoin trading is a gambling it is not easy it is not predictable. You will never know if bitcoin marker react positively or negatively because of weird specific of our market.
Even the best and most positive news can go unnoticed. And panic can be caused even by minor neutral bitcoin news...

Although it is not predictable but there are some people out there that really good in analyzing the market so this is sure profitable to him and he can minimalize his loss through this though

Another mistakes for BTC trading I would say. Plan isnt needed for trading because with having some plan you will be restricting yourself to do a changes directly if needed in some situation. Rather than having a plan, consistency as well as discipline are much more needed in trading especially if you are taking your chances to be a day trader then consistency and discipline is the key for this

Im merely talking about the consistency to take profit at X percentage or stop loss at Y percentage. Such discipline and consistency is needed if you want start trading


Dont confuse yourself with this because a trader and gambler are different from many perspective. I could describe few things that differentiate them but I would go with the most significant difference

A trader could be able to roughly pinpoint the bottom or the top of the daily price even though it is not always accurate depending on several factor such as buy power, sell pressure and volume ( common thing for trader ). While on the other hand, gambler is all about being lucky , you would say that a gambler will be able to predict a dice roll?predict what his next BlackJack card is ?

You should revise your post because a trader isnt a gambler


Get your facts straight, a panic is caused by constant sell pressure not a news. News is merely a fuel that drive a sell pressure and no minor news causing nothing to the price . Reason that you see some news causing some downstream for the price is because it is manipulated by whale by creating a fake sell wall to give some pressure for the orderbook

I think for that people they can predict because if they can't how they can earn more and lee lost? i think they know how to analyze the market and they can predict it.

Where are you getting the idea that traders always earn more than what he lose? Seriously trader is a two way activity , note this quote below ( it seems I have written this up many times )


Therefore you cant generalized that all traders are earning more because it is a two way activity. It is not about "knowing" the future anyway but it is rather about knowing how the market react for the current week, judging the orderbook of buy and sell order and taking some discipline to either take profit or stop loss rather than getting delusional that the price might be higher than the current one ( common mistake, holding too much when they are already on profit , should have just let it go for some small portion )

I know that, if someone earning their should losing his/her money. But also remember not always because if you or all people work hard and know the way or strategies so that they can earn and not to loss their money. Maybe your quote will be nonsense. Its all depend on person what happened to his/her money.

This is just plain wrong, sorry. That would hold true for a Ponzi style investments, that is, a zero sum game. Since Bitcoin has uses beyond sheer speculation (that of "buy low sell high"), this immediately renders such statements invalid. Someone sells a bitcoin with a profit, and someone else buys it, then the price drops. It appears that the latter is suffering losses, but if he is not going to speculate but use it beyond the exchange (say, to pay for services), the matter becomes more complicated. And it may turn out that everyone wins in the end, despite the price decrease...

My thoughts exactly, if I want to buy 5 BTC right now because I need it to purchase something, then I consider it a win, without considering if the price is 229.456 or 229.449 $/BTC. So you perhaps win on this trade and think that I have lost, but it is not true. My aim was to get the 5 BTC, regardless of the minor fluctuations on which you make some profit.

If you buy now 5 btc and spent them immediately then you dont win and dont loose at the same time.

The win/lose dichotomy cannot be considered only in financial terms, unless we are talking about speculation or pure financial investments. For example, you have 50% of the total issue of shares by the company you are desperate to take over. Will it matter for you at which price you buy one more share that gives you control over that company ("golden share"), or where the price will move right after you buy that share (in reasonable limits indeed)?

Make sense since you guys are making such example. Still my thoughts will be I am a winner each time I profitted myself with the trade,but perhaps I should change the second sentences for that

Partially because I dont think it that way, Im merely adjusting my thoughts only for trade which means that I buy on low spot, sell it at higher spot , so my thoughts goes to I win you lose term but infact since this examples explcitly states that it is not always like that then I do need to revise that quote

unless the price change suddently, and you don't have the time to sell it, maybe you're in the same time, also unlucky with the confirmation that will delay your deposit

so there is always the risk, until bitcoin will be as a stable as a euro or usd

You, guys, still seem to be missing the whole idea of what I was trying to convey. You are obstinately trying to judge the result of a trade from a solely financial point of view whereas this is not always applicable. And in real life (apart from purified trading where things are simple or even primitive), this is not the case in the majority of situations...

deisik mean that , for example when he bought 5 btc the price of btc from that time is may we say that $240 per 1 btc and when he spend it the price of his coins was higher than he bought it, so its mean or he could say that he won from that way.

No it is not this case. Basically you are seeing this from the price perspective that is why you and most people are getting the wrong thoughts on it. It is not about the price but merely about what price are you gonna buy it at

i.e I bought at $240 and sell at $242. Im thinking that I am a winner while the buyer is a loser ( this is from the traders perspective, my point of view as well) however Deisik and Borisz pointed out that this isnt always the case because someone that bought at $242 do need the BTC for other stuff which means that in his own point of view he is a winner as well because he got the BTC at the price that he desired for

It doesnt actually matter on how he will spend it because what matter the most is on what price is he buying it at and someone who bought BTC at his desired price is a winner as well.

P.S : hope this clears out , basically this whole things is caused by my silly quote that is only viewing it from a trader's point of view

Exactly. Without knowing what I'll use my bitcoins for, you cannot say if I have lost. Following the 5 BTC @ 240$ analogy, I might buy it at 240 and the seller thinks I'm stupid because I bought a. above market price b. when the price is about the fall. However,
1. I might use this BTC to buy a product or service that is discounted by 20% if I purchase in BTC. Hence I still win almost 20% in price immediately. So what if I lost 2$ on the USD=>BTC trade?
2. I might be selling the 5 BTC as a trusted party on localbitcoins or simply in person to people I know for 250$ in which case I would say that the original seller is stupid to sell me at 240$ because I make 10$ on top of it.

(No insults intended anywhere)

So without knowing what I'll use my coins for, it is hard to say who has lost. If you win, good for you, but that doesn't automatically mean that the other party has made a bad deal. It all depends on the perspective.

My only point is , you can won by selling or buying things with bitcoin, for example if you bought a btc worth $240 then you bought a stuff from online shopping that accepting bitcoin,if the price of that stuff is $ $240 in fiat money but in btc its worth only $220 so that its mean that you won or earn a profit by doing that . That is my only point.

There is no no way to know what the others will do with the coins purchased. Everyone who purchased at this desired prices is indeed a winner no matter what he is using it for if we left out the "trading" and "purchasing" part.
The fact is someone willing to buy at X prices means that he wants it at the X prices , if he dont then he can always look for the other prices , this means that he bought at his desired prices despite what he will be doing with it later on


Of course not, having a conversation and discussion about a thing is a good way to correct yourself as well. I am pretty much open to be corrected by anyone who thinks that my argument might be wrong or missleading. Feel free to counter me up whenever you encounter my misleading post or hit me up for discussion through PM  ;)


This is what Borisz wrote exactly, however even if you are buying something for lost . I'd say that it doesnt matter, you are a winner as long as you bought at your desired prices

I was referring here to my use of "stupid buyer" and "stupid seller" expressions I used to represent what one may think when selling buying, without knowing the intentions of the other party involved. :P

I think we are all in agreement that it cannot be judged as simply as "I won, you lost".

This is what Borisz wrote exactly, however even if you are buying something for lost . I'd say that it doesnt matter, you are a winner as long as you bought at your desired prices.


[/quote]
We all know that but by the people saw they won from that things, so that let they think or saw in that way, if they feel that they won , ok they feel it and let it.

BTC is for trading. if we interested trading we will go using BTC as a trading symbol.

and also for business and another income for some people that have an extra time and need more money for themselves. And its also a great help for students because students that used this forum and bitcoin, learned how bitcoin works and also the economy of bitcoin.

i think trading bitcoin is just earn small benefit
the best way to get btc is signature campaign

Remember to buy high and sell low

patience is the golden rule
takes alot of your time
strategy is to earn more bitcoin while you are trading
like waiting game :)

Trading does not seem so time consuming to me, one must have an eye for calculated risks and profit making opportunities, once a person is working around the bitcoin market often and understands the knowledge behind when and where the market can change, it becames fairly predictable to deal with bitcoin. I like to trade keeping graphs for revision, many websites offer such assistance.

If we are able to interpret the charts with perfect chart knowledge then we can have more chances to crack down the profits from bitcoin trading. Because knowledge on trading more important for making profit from trading.

I think just by knowing interpretations no one can't make any money in trading if that is the case in the world by now there should be so many experts who can predict the prices. Those charts just give you some dictations that's it but no guaranty that prices will move according to charts. So be careful when you trade based on charts indications.

Its all about how many bought bitcoin and sell bitcoin, and prediction is not true. So you should based on real situation like, if you and your friends are using bitcoin and their friend also using bitcoin and so on, and you and your friend bought at the same time it can affect the price.

im looking to start trading as well, anyone wanna help me out by telling me a good exchange with low fees?

They all have pretty much the same fees. So you won't win much here. More important is that you should think about verifications. Some exchanges need you to verify even if you never send Fiat money to them. Even if you just send and withdraw bitcoins. Bitstamp will make you do this for example.

I would use btc-e if I was you. They don't make you verify your IDs just for Bitcoin trading. They are pretty sound security wise and they have great Android application if you are on the Android for trading on the go.

Most exchanges allow unrestricted trading without verification. Verification is only needed if you're going to deposit or withdraw fiat. Besides them there are exchanges that are totally verification-free even for fiat deposits and withdrawals...

Yes, that's really true. Buying low, selling high that is the common strategy of all traders and it is really effective according to them. And do not panic selling you need to have a patience to wait the right time to sell it.

Hi! There can be no definitive way to know exactly when is the best time to buy and sell Bitcoins. However, I suggest for you to rely on data as it can foretell what or how the next game would be. Generally, it would have a solid basis to have a data on hand although things may come unpredictable later on.

I would like to share with you few tips that might come handy in the future:

1) Buy when Bitcoins' price declines.
2) Sell when Bitcoins' price appreciates.

I based my two assumptions on the Principle of Supply and Demand. This way, you are sure to have your return on investment.

I hope it helps.

Indeed, patience is truely a virtue. Gonna have to be more patient in any trading strategy. I think there's nothing wrong with the idea of buy low and sell high. It depends on every people. For me trading is less risky because you'll be the one to manage your actions and you'll be sure that you'll earn.

Principle of trading is to make a profit. The bitcoin trade with altcoin is quite profitable compared to bitcoin trade with the dollar, my assumption. Unless I need dollars for my use in daily necessities. So I will sell bitcoin into dollars.

I prefer trading with altcoin. Because so many coins that can be traded with different opportunities, and have a level of coins. The more capital you use, the more coins you can trade. Well, for the strategy, maybe predict it from the price 3 days ago until you will be trading.

For me, wait for the right time to trade your bitcoin. Trade your bitcoin when it’s rapidly increasing to gain more money so you can get high income. Hold your bitcoin when the value is going down and trade it until the price increases.

How it is possible to trade with bitcoin nowadays when the price is just higher and higher? :D
I am wander of how many amount bitcoins you trade with? And does it bring really good profit to you?

There's no strategy or formula for successful trading. Just always look at the graph or the informations in the internet. Try it for yourself. If you'll fail its normal. Learn from your mistakes. Success does not happen over night so you better work hard. Try and try and over time you will know the best strategy for trading. And if does happens I think you should share it to someone who are in need.

It's a great idea.
I want to be like that, if there is capital I will buy altcoin and save it.
After that wait time when prices rise and ready to sell.

I do not advise you to rely on formula to trade. It's not a Rubik's cube. There are too many factors that affect the price chart. Every trader needs to rely on experience and knowledge. And the most important thing is instinct. Without this in any way.

Even though it has no strict formula there is still a lot of signs when to buy and sell bitcoins. Prices go up in spikes and then it will surely go down by a lot and this happens again and again even if you check the charts. It is possible to profit that way, converting bitcoins to fiat and vice versa.

All of the traders know about the word PATIENCE it is the no.1 need if you are a trader. You need to wait to sell or to buy a tokens. It is really effective if you will sell and wait some time that the token that you hold is goes up.

no matter how good trading strategy we used, we need to be patience to see our selling can get profit and its for all strategy even if we only doing a ping pong trading to followed the price is up and dump too often. the more patience we have, the more profit we can make it and there are many people has proof this. patience not just only for selling the coins, but its for buy order too because when we want to buy coins with the price we want, we can place our order buy into one range and waiting until the price reach that range.

Bitcoin trading strategy is always the buy low and sell high this is the common bitcoin strategy that people doo but when it comes when the real profit it always have patient to wait for the price to be increase more or to be pumped that high you need to focus on trading and always see the graph to predict what will happens next.

I don't think a bitcoin strategy will be that easier like you are mentioning. Because just by watching some graph, it will not be possible to predict accurately that where will be the bitcoin prices making turns.

We must have many technical analysis tools so that we will be capable of predicting market movements accurately. Obviously buying low and selling high is the strategy every technical analysis tool will be focusing. But it will be possible only after many research and confirmations.

Patience is ultimately irrelevant

Though many people don't understand that and even more will likely not understand it in the future. You can be hot as a firecracker or cool as a cucumber but if you don't know what you are doing you are set to lose in either case. Conversely, if you know what's what and set your priorities right you don't need patience (in the sense most people mean it). You just go about your business, and when the time comes you reap the profits, neither too late nor too soon

It is very difficult to say whether there is any good strategy for trading. But at the same time, I definitely think everyone will say such things that the currency is traded, you should always be present at the market and follow the rates of currencies that interest you. This applies to any crypto currency, Bitcoin or lightcoin, it does not matter But they all require attention for good trading results.

There are no other way to know when is the right time to buy bitcoin just always buy when you see the price dropped deep and it will surely  recover soon then if you are already in profit you can sell it directly but I prepare to hold it for long and remember always  have more patience.

As if it were really simple, you sell and buy. The main thing is just to react to the exchange rate, the price on the stock exchange rises or falls. Proceeding from this, make your choice. But at the same time it seems to me there is some kind of conditional knowledge that can be a strategy. But this can know about this trader.

In trading generally there are two things that need to be take into consideration before you make a decision on either to buy or sell. Technical analysis which involves studying of the chat or candle stick and Fundamental analysis which involves information or news about the currency you want to trade is very important. You can Google babypipschool for more information on technical analysis. Am sure you will thank me later.

Maybe I do not understand something else, but what kind of strategy can be in trade? The main thing to watch for the Trolls and for the exchange rate. You need to buy cheaper to sell more expensive. This is not a gamble and therefore there are very different rules.

You need the right timing to buy and to sell, so it is not patience you are looking for, but you need the right timing to execute the buy and sell, this can be achieved by seeing the chart and through experience and trading is a risky things the volatility is very high, sometimes even after you are usng your experience and your skill you still can make a mistake, but the main point of trading is learned from your mistake and build your experience

I've read pages in this topic but I couldn't understand the exact idea. For example how do we overcome big loss in our daily trades?

Exactly, I likewise had doubts about the OP after I read because for the past few months there hasn't been any major tumble except for last week so I'm wondering where and when he bought them and how many because nobody will risk 2000$+ to buy bitcoins without knowing whether it's going to fall or rise so come again OP?

Maybe, by using stop-losses?

But they are certainly not what Bitcoin folks love. The latter are mostly known as long-term holders (also known as bag-holders). So, according to the opinion which seems to be prevailing here, to avoid or "overcome" big losses you should just wait out the bad times until the sun shines again and your bitcoin starts to bring you profits. If you are not very much into positional and long-term trading, then stop-losses are likely your only option (apart from staying away from trading altogether)

In general right now, i'd say btc is not he best option for trading because as both of you said, it's not making any considerable movement lately hough if you're a day trader and have a lot of capital, you can do with the small chamges with the price daily. Though i prefer to just stick with holding my btcs and trade with lesser altcoins as the movement is a bit more agressive. It's just risky than just being steady with btc but if you know how to make predictions based on the graphs, you'll be able to make decent to big profits

It's not only $2000+ mate today's price is $2606. yes the average people will not risk money to buy bitcoins. This is not worth for day trader. Suppose if the price is under $2500 we can take a risk and buy, but now the rate is too high. I don't know others, but I can't afford that money. Now the best option is altcoin trading the price is low, and the risk is also low.

I agree! Patience and controlling your emotions is one of the the skills you to have if you want to be a trader but that's just 1% of things that you need to learn when trading there are still plenty of them. You can start reading books about trading or maybe google, google has the answer of everything and youtube too.

Really a lot of resources on the Internet can tell you about strategies for trading in the field of crypto currency, but I do not believe that at least one of these strategies really is. It is very difficult to imagine that in case the user discovers the secret of how he can earn good money.

i think from what we read on internet and what we learn, we need to make our own strategy that will help us to gain more profit because i think if we only use the strategy from what we read, that strategy may not work properly like if we make a new one. but from all of the strategy that we have, we need to have patience to wait the best price to buy or sell.

I think any price is worth for day trader as long as they can take advantage on the fluctuation.  We all know that bitcoin volatility is high which is very attractive to day traders.  If you watch the market it jumps -200 to + 200 and vice versa in span of a few days.  Day traders would have taken advantage of this and book a great profit from their day trades.  Though I agree that altcoin trading is much cheaper and have higher volatility than Bitcoin due to the inconsistent demand of people in that area.

The nominal price is meaningless as such

For example, a purportedly very simple question whether the current price is high or low doesn't in fact have a definitive answer, and this is in direct conflict with what you personally think ("I can't afford that money"). The correct answer would be it depends on whether the price is going to rise or tank in the future. If it is the first, then the price right now is cheap, if the second, then it is expensive. Just in case, with altcoins it is along absolutely the same lines

There is not a lot about to think here,just think about the basics,never let go of your coin when you are at a loss and if you can do that then you will never end up in a loss,it is a riskier mode of investment and when you do so,make sure you do not sell the coins without getting a good profit,in short,the entry point is the most important factor and if you could do that then you do not need to sweat much. :)

I don't have any specific trading strategy but the only thing that i know is i just rad a lot of news for bitcoin and i just do conclusion after that if i were going to buy or wait for another chance. Fundamental analysis is one of the most powerful analysis to have in this kind of market because most of the coins are very vulnerable from the news, the price can go up to 2x or have a hard dump in just a few hours.

That is right although that is kind of risky, So mine's strategy is buying legit coin in the dump after that I holding it for a month or maybe a year because in long term investment the profit is big maybe it will multiply but here is the secret of me don't sell if you are going to lose because you will only sell if you lose. 

If you are really doing only Bitcoin trading then I will suggest you to expand your job in the trading .
Start to altcoin trading also because with the altcoins trading you can make big profit .
Here I will share my techniques of the trading .
First of all see the price tracking movement of the coin for 6 months and then make sure that the price of the coins is at very low price since one month  , and then buy that coin instantly with the amount of the Bitcoin maximum 0.01btc and then put it at the sell at the double price.
Now you don't need to do anything and now wait for one to two months , you will see that your every investment in such type of the coins results into profit .
The stretagy I told you is working 100% for me , and I am using this trick at the yobit.net because the dead coins at this site are many and easy to find such coins at low price .

Oh well, might as just try this as well right.Because i too would think this makes sense but mind we all that not all strategies work everytime for the different people. Might be good for you but also bad for others. But do you mean since any other coins that was at least created 6 months ago any old projects and just base it on the 6 months progress?

you don't excited when you buy or sell. buy low rate and sell high rate it's common matter for trade. but how you know it can be increase or decrease and how. first you follow market volume.
and follow when comes buyers this market. other you can follow all exchanger. its rule give you highly profit.

Some of my friends that is pro in trading is buying base on the news. Or base on the updates in twitter of the coin you want to trade. And try to join in the community of that coin who dump and pump, some of them say's that when or what price is the best to buy.

When i was on trading i buy low and sell high but i cant take it anymore sometimes theres a time were the bitcoins are high and theres a bitcoin that low price of course im not the only one trader theres so many trader so its hard to sell it and get a commision with a great interest

Exactly this happens with most of the users who have been trying to make an additional earning through trading. Everytime buying low and selling high is not possible. This can be overcome by alternate trading pairs. Don't go with bitcoin trading alone, because we need to make use of the right pump and dump of different coins only then make profit as well can compensate loss with the other.

It's true, that trading doesn't have to be difficult to begin, but nevertheless, it shouldn't be misunderstood to say that it's simple to keep making cash with btc trading. It's suited to both skilled traders together with new traders that are looking for a trustworthy method of making their very first profits from BTC trading.

Bitcoin trading methodology is dependably the purchase low and offer high this is the regular bitcoin technique that individuals do yet when it comes when the genuine benefit it generally have patient to sit tight at the cost to be increment progressively or to be pumped that high you have to concentrate on exchanging

This doesn't work more often than it does

If I got you correct, of course. You seem to imply that we should be looking for negatively correlated cryptocoins, but the problem is most of the time major coins are just following Bitcoin's lead, whether on the way up or on the way down. Sometimes, they are pumped and dumped independent of Bitcoin, but it is rather an exception to the rule than the rule itself. In other words, it doesn't make a lot of sense if you are looking for balancing ups and downs

Let me tell you one thing,these so called pump and dump groups are just full of shit,they could manipulate some scum coins but they really cannot do anything when it comes to solid coins which have a good volume,the easiest way to go about trading is to look for a entry point when the market is on a bear run and try to grab the coins and i think that is the best option to make a good profit and make sure that you are trading the coins with the highest volumes.

Exactly how my recent LTC investment has unfolded. I bought a month ago right after Segwit, it went up nicely at what I thought to be an independent climb, but a couple days ago it has proven yet again how things are. Although its pump was fed by Segwit, which BTC didn't have, when BTC started to go down, LTC followed.
What it comes to is, you can make money on different pumps, but all the big cryptos are going hand in hand. Whichever you choose the risk is all the same, because if Bitcoin fails somehow they will all go to hell... and overpumped ones like ETH will lead the way.

You need a strategy other than buying at a low price and selling it at a high price. Often serignlah stop at traders forum there are many science you can get there. Because trading is not just about buying at a low price then selling it at a high price. Because maybe the price goes down after you buy?

BTC trading strategy is very simple, watch the charts, sell when it is high and rebuy when it is lower. Simple as that.

Start by trading synthetically ( i.e. on paper with fantasy funds ).  Stay honest; commit for at least a month or a quarter.  See how you do and reevaluate subsequently.
Read books on technical trading; lists of the classics are everywhere.
Identify others who trade and see what they do ( or rather, what they say they will do and how successful or not their decisions are ).  Trust predictions, not retrospectives.
Even still, the markets are small enough and there are enough anonymous whales out there that big moves can happen on the whim of an individual; there's no way around that.

I have to admit that Litecoin is not as independent of Bitcoin as I would love it to see

It is still possible though that it is not Bitcoin itself which is driving the prices of major coins in unison but rather some more general cause that affects all cryptomarkets simultaneously. In that case, change in the prices of all cryptocoins should be expected. It could also be argued that changes that affect Bitcoin specifically are still affecting all coins anyway. To get rid of this obsessive link, a coin should become Bitcoin's rival where the latter is at its best. And Bitcoin is best as a vehicle for speculation. In layman terms, it means that a Bitcoin killer should receive a comparable amount of fiat invested in it (note that this has nothing to do with the so-called "market cap")

That would depend on what you like to do, you could sell immediately to avoid further losses, but the problem with trading that way is that you will have to pay lots of commissions by buying and selling in such a short time frame, if you hold you avoid the commission but you risk to lose a lot of money if the price dumps just after you have bought.

It is all about having a good price entry to a coin, if you are a trading volatile coin then you should just buy at the dips and don't join the pump because you might get a loss after a few minutes. If you are stuck from the pump and the price is just continue on dumping then all you need to do is hold it, it is better to just trade legit and coins that has a lot of potential in the market so if you got stuck then you just need to hold it for long term.

Correct, me i do trade in altcoin but for short term only,  its hard to hold some altcoin for long period of time becuase if bitcoin value continuous to increase the tendency their value will dump or else their volume will lost and will turn to scam coin. That is why bitcoin is the one coin that good to hold for long period of time for me.

Well i agree to the fact that the trick is to enter at a good buy point. It's more important for me to have a good entry as your selling point would probably be profitable if you've managed to buy a coin if they're on their cheapest state. For this you have to look at the charts. I usually buy coins that are on a conaistent downward trend and try to predict when they'll be in their lowest.

You are correct but people always get overexcited when a coin is pumping and try to join the pump and then they realize the mistake they made since the pump is over and now a dump is coming, it is a difficult position to be in, which is why as you describe probably one of the most important things when trading is to try to buy when the price is at its lowest.

Only tried a few trades and don't have any alts now. I guess the real problem really is how to find which coin would be pumped later. I mean, new coins come all the time, what are the chances that any of those, when bought, would give you a profit?

That's why it's all about risks and facing it the moment you invest on a coin.

We are the one who will build our trading portfolio and not by the suggestions of others. To make profit, create an own analyzation about what coin you will invest. It's our duty to make our plans be better and will run for long term.

if you mean trading bitcoins only im guessing you are on leveraged trading which is too risky for my taste. if it is altcoin trading, make sure you do your research before investing in any altcoin for medium-long term. if its only for daytrading you can trade any coin from top coins to total shitcoins as long as you know what you are doing. safest bet for me is invest in what i think are undervalued top coins and just move from one good coin to another. its also very much worth it to invest small amounts in new cheap coins that has some potential to go X10 or even X100 or more.

Trading altcoins is the best for me and it just needs a lot of research for the altcoin so we can know the things that we need in making decision if we are going to buy or invest to it or we just need to ignore it. Altcoins are one of the profitable investments that i made and i am not regretting in studying them by doing research and a lot more self studies because it helps me to earn more money.

Knowing what will be the next coin to pump is not that necessary. You need to know it by yourself and update every single coin that gets your interest. It's not that hard to read a single article about that coin that you think has the potential. I guess 5% pump is already good for you to sell and it is not that hard to look for that coin.

I like the idea a lot. I'm struggling myself, just wandering how I could make this work and I think other than strategy, I'm counting much on luck. Although luck works for some times,  to continue speculating doesn't feel like the best solution. Thank you so much for the info and knowledge  :) :) :)

Not to me. Arbitrage trading in case of Bitcoin stopped working from last couple of years. Basic reasons-
1. High fees which make it really difficult to load/eject fiat.
2. Confirmation time which almost kill the opportunity due to excessive Bitcoin volatility.
3. Different niche of markets. For e.g. BTC/USD and BTC/CNY. Not everyone can work in multiple currencies.

How the arbitrage is done in real life. For arbitrating should we require more than a couple of account needs to be in different exchange. How I search that here is a arbitrage required?

Yes i am cutting something mate. But as you said about exchanging happens when prices of getting high of something. It is not about that bitcoin was exchanging was exist in those day also where bitcoin was less than a dollars what do you think. So this is not matter about the prices. It is based on demands. That how much demand is.

Exactly the thing i was saying that altcoin can be turn into scam coins. So try to look forward for bitcoin. Invest in bitcoin. Bitcoin can help you in a future but altcoin can destroy your future as well if you do not know about them and by mistake invest in a dead coin or in a scam coin. Bitcoin value continuous to increase the tendency. So in my opinion holding bitcoin for long period of time can make your bright future.

Many coins are created without any real utility or an utility that is not going to accomplish anything at all, so most coins are nothing but speculative assets from the beginning, so the only thing we can do is to invest in coin that can actually solve some issue and it can give some kind of utility that way your investment is almost guaranteed to work and make profits for you.

Very simple once the principles that I run in trading both bitcoin and altcoin, I will first read the MACD charts, to be able to know the direction of where the market, the second look the coins are down the price, with a note select a large volume coins, usually I am trading for weekly Can get results

The same with my strategy, first of all I will choose the volume of which altcoin market is bigger Because it will determine the fast / slow process filled order. Then I will see the last 1 week price movement, then determine what you should do to buy at what price

I'm afraid I'd fudge it. There are so many coins out there, I don't even know which to start researching first.


I still get confused with the chart in Poloniex. Are there any indications that can be looked for to see if an alt is about to be pumped? Cause the coins I bought before, they are usually just flat line and then boom, sudden spike.

That is what i am applying right now, i am buying a lot of altcoins because i saw that the market is on sale and bought some altcoins because of their cheap price compare to the fast few days. I only set the chart to 1 week or 1 month then i will just look if the chart is going down or not and i will also look to the RSI of the coin to see if it is best to buy or wait. It always works for me and i think that is one of my effective strategy.

Like any strategy there are risks, your strategy is good since it can give fast results and obtain nice profits but if you buy when there is a dump you could be left as a bag holder or sell for a very bad price so like you see, you are taking a huge risk by following that strategy but if you are careful and have the right experience you can pull it off.

Bitcoin is a cryptocurrency trading strategy that can be used trading all the important cryptocurrencies. Actually, this is an Ethereum trading strategy as much as it’s a Bitcoin trading strategy. If you didn’t know Ethereum is the second most popular cryptocurrency .
The best Bitcoin trading strategy is 85% price action strategy and 15% a cryptocurrency trading strategy that uses an indicator.

same as other trading practices, you should buy low and sell high same concept with BTC

Yes agree it is an easy thing and mostly done all traders, but I think the courage of speculation is the most important because if not dare speculation then we will be silent and just analyze.