Bitcoin Forum

Hi guys, the topic of discussion is aimed at gathering input from other traders about how they make their choices in the Crypto Market, and hopefully hereby we can get a more holistic view of the current Crypto-Traders Psychology.

What do you base your decisions on when you enter a trade in the crypto-sphere?

I always check the project behind the coin/token I am trading and their news channels. The team is also important and where they are on their roadmap. The thing that is most important to me, is if they do stick to their timeline and deliver updates on time. Then if my analysis has positive results, I consider trading their cryptocurrency/token.

The risk definitely is the first deal. I make sure that I can take the risk if ever I lose in my trade but if not then that's an achievement and it boost my confidence as a trader. Before I listen to those news that are literally giving the market a bad sign to collapse or put into a correction but now I don't. I'm not that good in trading so getting those helpful advice from other traders which I think will be beneficial to my trading habit is being absorbed, we are all old and we know what are the good advice and not because other advice now are just shilling their coins.

How do you know that the team of people are who they claim they are? We have seen many projects/ico's with pretty pictures of team members only to learn later on that it was a fake representation! I think its good here if you can reach those team members and interact with them via Telegram/ Twitter/ Linkedin.

I fully agree with the view that updates are delivered according to a roadmap of the project - the delivery of the service or app are usually the most significant sign of trust for me  ::) I will also add that even with late updates - its okay but it will make a person more cautious about trading with them in the future.

Absolutely, never ever enter a trade with funds you cannot afford to lose!!

The reason why I was asking is because BTC and ETH most notably does not seem to respond on technical levels they way FX or commodities do... and I am sensing some foul play - like miners pushing up prices and then dumping when they reach their targets.

The one thing that has scored me some winning trades is Price Action trading.

Example was LTC/BTC that was at 0.006 during December which was the lower end of the price range, I bought LTC on that dip thinking it would go easily to 0.01 (good 40% return) only to awake to it going ot 0.021 - a cool 300% return  :o :o :o)

It would be awesome to spot more opportunities like this...

I'm an upcoming trader and I use Bittrex exchange. I prefer long term trading and for that I use fundamental analysis. Here I listen to news and events about coins on the exchange. I make my trade based on this and it never fails me.

One of the best factors to be considered while trading is the news update about the commodity you are trading. You can buy base on upcoming event of the coin you are buying and sell while price goes up. News affect price of every coin both positively and negatively

which must be considered is the ico background, such as the development team whether it can work well or not.
lalilu see ico review from other web.

this is what I worry about, a lot of people make a bad issue to press the price. This issue always succeeds in making BTC prices plunge, and traders feel panicked so the market experiences a bad trend.
Traders need quick and precise information to be able to anticipate this.

We are in the world of cryptocurrency so things like that is something reasonable, especially now that many people are happy to make bad news about bitcoin. the news is not good for bitcoin and make bitcoin prices go down, of course their goal is only one that is for earn big profits.

I will look a few factors before buying a coin. For long term hold, the product must be disruptive to the market. I will then look at the roadmap and development of the project. If the above factors are good, I will proceed to buy the coin.

Trading is the best way to earn more money in quick period but this platform is little risk so we should analyse the right coin in right time then only it will make huge profit in this platform. But lot of traders are failed in the first trading so we must trust our trading it will more supporting to future investment.

I make several decisions:
1. Do not invest more than 20 percent of my salary.
2. Do not invest all funds in one coin / token.
3. Do not participate in pumps.
4. Before buying a coin / token, study more information about it.
5. Look at the situation on the market, buy when the time bears and sell when the bulls are.
6. Follow the news on a specific coin / token.

Completely agree with you.
The point is don't invest more than you can't afford to lose. In addition, just invest with your extra money and don't forget to make a research about the coin that you want to invest in, there are so many shitcoins out there so we have to be selective in selecting whether the coin has good future or not.

I agreed with all the points and it is similar to my investment principles. By following the points, i made quite a number of good trades. The principles also help me not to get into fomo and pumps.

If you want ask about trading or to be a trader you can learn more in this section https://bitcointalk.org/index.php?board=8.0 there a lot information about trading.

Being a trader you should be able to manage your mental or lust. Analyze is restriction to knowledge when you buy and sell, but the deciding is your mental and lust. Technical analysis and fundamental analysis is the knowledge you should learn before starting trading, starting trading is very easy to do but to get your profit does not determine within a month.

Crypto trading can be very profitable but the risk is also great. different from other assets, bitcoin the price can change in a very short time.

They do it in an organized and well-planned way, look at just a few months ago Bitcoin is constantly under pressure and bad issues come and go.
and now they are enjoying their work, because they managed to buy Bitcoin for a cheap price.
A lesson that panic will make them more happy.

Of course how the majority of newcomers are entering the crypto market with all of their amounts that they can't afford to lose and a lot of people are being so mad after they are getting a bit lost in their amount. I don't think so, miners are not involving in the market manipulation. I guess they are only trying to get their revenue from mining the coin.

I have been 2 years in crypto trading and all my decisison buy and sell is base on technical analysis. And to make more easy to in trading i just focus to trade in pair USDT, this pair is more easy for me because i just make analysis 1 price action of coin, and when any bad news and all crypto down i can quit from the market faster and move all asset to USDT. Technical analysis is really helpfull to get better price when buy and sell and to know which support and resistance area.

In my opinion, trading is a high risk category, because if you are not careful, you can lose your money in an instant. I once felt it when the price dropped, I experienced panic sell

In trading cryptocurrencies it is too risk you have to study first before you do it. Everything you need to know before you start doing trafing is Bitcoin, Ethereum and Litecoin. If you want to trade you need to have a cryptocurrency wallet and a cryptocurrency exchange to trade on. A cryptocurrency wallet is where you will store your encrypted password that represent your coins. A cryptocurrency exchange is like a stock exchange.

What you should know when you start trading crypto currency:
◽️A cryptocurrency exchange is not part of the regular stock exchange
◽️A beginner might prefer to trade cryptocurrency stocks. I think the simplest place to buy, sell, and store coins is Coinbase, but you can only buy, sell, and store Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on Coinbase. If you are serious about trading cryptocurrency, you’ll need another exchange like Coinbase’s GDAX, Bittrex, Binance, or Kraken.
◽️The cryptocurrency market is insanely volatile in 2018.

What You Need to Know to start trading cryptocurrency:
◽️A beginner should start by choosing a company with a good reputation that offers an exchange and wallet (to help keep the process simple).
◽️A beginner should also start by trading prominent coins.

Who needs to trade on margin when Crypto- prices are so volatile!!?

Trading Cryptos or regular commodities is very emotional. This game is 90% mental and 10% skill...

Before you conduct trading, you should know well your coin or asset. You can check your coin status on their respective groups or sites. If you think you know what you are trading then explore many trading site as possible because each site has different value for your coin. Find and join the site with the highest value then trade there. If you are risky enough, you can hold your coin until you think you have earned more than what is the initial value of your coin.

Even though doing your own research before investing in any crypto is the "most correct way" and is the safest. However normally when i buy into any crypto my criteria in choosing is
1. Good design, the website functioning smoothly and there is no typo error
2. I do have some crypto groups and following some youtubers for cryptos, so i will buy based on their reviews.
3. Based on your own feeling of whether is this project really needed in the market does it have the potential to moon.

Usually I check about the potential, before I start the trading I check are there any events for the coin or any factors that can move the coin price and then I check are there a lot of investors interested in this coin, it can be from forum or group chat, of it fits my criteria then I will go to trade, when I trade I usually aim for long term, a piece of advice before you go to trade is to find as many as possible the updated news, information and news are very important when you want to trade

I started trading relatively recently, so I have not yet mastered how to analyze the market, but I try to observe trends, and then I make a choice.

I'm generally disappointed in trading, because I'm not lucky to choose promising coins, I'm thinking about starting to take part in bounty campaigns.

There are very many methods that do not help at all. Personally, I tried quite a bit and realized that it's necessary to rely on personal experience..

To trade is to take the risk and you can not really set aside the doubt and panic, but the thing is you must always think positive and make researches to make a precise decision about what to trade, when to buy, and when to sell. Trading is really a hard job and you must be careful in every decision that you make. That is why research is the key. Also loss is normal in trading.

The best strategy in trading is to have a very experienced mentor, which will be able to tell where it is worth, but where not to invest your money ..

Great somebody has made this. I know time and again this has been asked so many times but to be honest the skills needed for good trading really depends on the person who is researching about the said token or tokens that he wishes to invest his money with. Also he must have good speculative skills in learning how the market behaves.

Well manipulation is always prevalent in any market (yes even regulated markets like NYSE and NASDAQ is rife with manipulation). As an ex-Wall St Fund Manager - James Rickards called on the "painting the tape" method prevailing between miners. Think about this!!


Person A sells to Person B for $10,000
Person B sells to Person A for $10,100
Person A sells to Person B for $10,200

The P/L stays constant at 0 throughout and the price bumps up... obviously the market is much more complex than this  :o

The most profitable airdrop had one user earn like $3,400 (I am speculating it was during the 2017 peak) so there is potential among certain bounty and distribution campaigns but I guess it comes down to use of the token at the end of the day.


Also its important to never ever give up on anything you undertake in life. I started trading FX in 2012 and only became profitable in 2016 and I can tell you its satisfying once you finally reach the point of knowing!

I also need this information because I'm also new in trading. Commonly, I only join the bounty campaign and collect rewards to be invested or trade in the altcoins.
But in trading the cryptocurrency, I'm still using a normal method where I must read and learn much about the altcoin and see the market every day. When the changes are red, I will buy them. And when they are green, I will look at the rising changes and decide to sell or not.

This was a hard lesson to learn - how to buy in dips when all is red and how to sell in rally's when all is green!! This is the most difficult part of trading afterall.

I feel that fundamental analysis is important in crypto trading. Most of the coins react to the news. When I am doing short term trading, I usually choose coins that have good news of development coming up.

Doing your own research might really help in deciding your fate, having enough information about coins or assets that you will invest your money is really important, knowing those potentials and the actual usage of the project will also lessen your risk, inside investing/trading risk always present and by doing a research you will be able to assess whether the project will gives you decent profits after holding it.

Both fundamental and technical analysis are important in trading crypto currencies in a day. Although it is very risky to trade short-term, a profit of 10$ above is still a profit. Try to research about the most commonly used indicators when trading during any trend in chart. I recommend the website Tradingview which shows almost real time data from exchanges. Only apply those which are applicable to your taste. Good luck trading!

check some important thing before investment, like their basic about the project, roadmap also their vision. also always following announce about that coin which you invest on it, at least it will a bit help you.

What about anticipating Market Makers moves? They control the market in general

Its exciting when flipping. Just follow the trends then buy at short dips and sell for short profits at intervals. . It is a very frustrating but productive endeavour. If you want to go in to flipping, it needs to be done full time and not part time else you might get burnt easily.

I always look at when the coin is to be launched on new exchanges. I also see how the capitalization of this coin increases. Check out the latest news on the coin I'm analyzing. If all these quotes are positive and like me, then I will invest in this coin.

i always choose for top 10 coins before i investment in one of a coin, at least i believe they have a future, then doing analysis about that coin, also i always look at the roadmap and development of the project.

I'm an upcoming trader and I use Bittrex exchange. I prefer long term trading and for that I use fundamental analysis. Here I listen to news and events about coins on the exchange. I make my trade based on this and it never fails me.