Bitcoin Forum

Trading involves You, Your capital and the crypto currency market.
And literally, i have this believe that as a trader; you do not have any power over the outcome of a trade; you can only analyse and predict a core price movement.

This is why you must always do the right things; by letting the market play out; if you allow the market play out, if it ends in losses or profits; you will be comforted and easily pick your lessons especially if you do the right thing.

Always do your own research.

Trade with the exact amount you can afford to lose, this must be the first step for every traders, once you started trading and making profits you must start sending those profits out of the Exchanges to your private wallets, remember that you are in no control of exchanges crypto address and wallets, scammers will also try putting in more efforts to penetrate exchanges, wallets and other crypto projects because of the bullrun, it's more easier to trade right now since crypto market is greenish

Trading is like gambling with lesser risk. Never meet someone who makes passive income trading. Sometime you lose sometime you gain. The most important lesson I have learn from trading is not to put what you can afford to lose and also not to get addicted to daily trading because the end might play very ugly. If the market start bleeding today, people will still complain that crypto worth nothing to invest in while some already a millionaire. The difference is the decision we make at a particular time.

I have been trading for a long time, that is what I feel, I often lose a lot but I don't give up, I am still passionate about trading. But my savings are not the money needed so I'm not too sad if it runs out, until now I still continue to trade.  I hope that the losses I experienced will be replaced.

Yes, strategy is always a basic thing if you are an active trader but i think crypto market is a little bit different especially when it is on a longterm bull ride then it is better to hodl for several months than to trade actively.

For now it is indeed better to hold for a period of time rather than doing day trading, because many token holders are currently experiencing an increase in the value of their assets through several tokens that are experiencing a very good price increase.

This varies in every season. Now that there is a bullrun and altcoin season, its better to just hold on to the altcoins. And probably just buy more altcoins if you can afford to have more of them while prices are still low.

"Right thing" sometimes can be open to interpretation. Some traders will just think of selling the altcoins they have because its BTC that will make more money.

Or we will have a big correction soon so that we can buy back at lower rates if we sell now.
My point is that no one can predict market movements, so it is irresponsible to offer any investment advice with no concrete arguments.

the key is believe in yourself
people should learn to know when the right time to buy or sell their assets, and always stay away from the fear and greed

well articulated. one of the mistakes newbies make is to think the market is answerable to emotion. No, you've got to be diligent. nothing kills traders more than greed and unrealistic expectations. Don't expect too much and learn to take profit at some intervals

As crypto bulls are very obvious now i will avoid any trading but hold and wait for peaks obviously no one can be 100 percent sure but i will try to hunt peak this time around and i am not in a hurry neither i will panic if i see some corrections on the way up.

Your tip is too vague to get something out of it because you are here as if you are saying that even if they do the right thing they will still end up losing their money. Well that is not the case most of the time, I think you are over-explaining what cutting losses is in this situation where people have their exit plan prepared just in case their prediction is wrong. Yeah sure they will still take a loss but it will be greatly minimize since they have set a price point when to bail out a trade. DYOR doesn't guarantee your trading plan to succeed that is why we have exit strategies in place.

I really do agree with OP that taking the right decisions (doing the right thing) while investing in crypto is expected of every wise investor. Presently new money is coming to crypto market since the crypto market is very bullish with BTC trying to attain new ATH. If we invest in any coin, we should understand the risk involved, it's either you make profit or lose, but to limit the loss, it's advisable to use stop limit. I usually use stop limit at support levels, so that when support is broken, I won't start blaming myself since I might get very emotional at very bad dips. Any decision a trader takes is solely his/her responsibility, hence we should be careful when taking decisions regarding crypto investment.

That's is true that is one of the benefits of doing your research if the research turns out to be wrong, you can still learn a lesson from that error if you pick a trade just coming out from someone analysis and it turns out wrong you'll just blame the other guy and you will end up not really knowing anything about the market.

Trade analysis result can never be controlled on. The best thing you can do is to do your analysis rightly and wait for results or adjust your positions if any new positions will be added.

This is the time to do the right thing, and get the right result from the market. Buy altcoin when the price is low in the market, so that you can sell when the price is high in the market,so that it will enable you to make a good profit from business. Many are still worry about altcoin, if it will rise like bitcoin, that started pumping during the pandemic till now many of their investors are still making a good profit from their Investment.
Those that do the right thing, by holding bitcoin for some years when the price was low, are really make a good profit in this season which bitcoin is still increasing every day by day in the exchange market which is causing many investors to release all their coins to market not to regret, if bitcoin later dump before the end of this year.

Although you didn't specify what exactly is the right thing. But I think the right thing for a profit-driven investor will be to cash out when the price is near or at the peak as we're witnessing currently. But those who are longer term minded can still leave their investment and their action will still be the right thing to do for their purpose.

I mean even if we do something the market still play out anyway unless we have some big capital like billions of dollars. Trading is just always following and predicting the market pattern and as an individual you're pretty much just gathering the profit under the constant change of the market.

The hard thing is how to do the real "right thing" and what I mean here is to think logically instead of emotionally which easy to be said but really really hard to do.

Do not trade against the trend, be careful on what kind of altcoins that you are trading because not all of it can give you profit. Avoid low market cap altcoins because it is usually the tokens that can lead you to suffer from huge losses. As the market is becoming better, do not know trade altcoins that are in bearish trend because these are the coins that do not follow the general market sentiment. Stick to the coins that have high market capitalization and also in uptrend because these kinds of coins are good wherein the possibility of wining and having huge return is high. Make a research and invest in your knowledge first in order for you to have an idea on what tokens that you are going to trade and how are you going to make returns from it.

Cryptocurrency trading is full of surprises and problems, because you can both earn a lot of money and lose everything, therefore, only those who have experience in it need to engage in cryptocurrency trading and newcomers should never get into trading, and even now at any time the market may fall, so watch out.

This is  not only wrong; but it doesn't align with the principles of the blockchain and crypto currency. Trading is not gambling; trading is a process that requires  patience; skill and proper mindset to consistently take profits from it.

Like a proverb says; it all starts from the mindset; read and research about technology to improve your mindset; work on your mental skill and see the big picture about crypto currency.

Excellent tips that we can find in this topic but the most important point of departure is knowledge. Being thus, as soon as you know, you can get rid of great faults or pump and dump. Now is a moment of caution and observation and trust in your investigation and acknowledge your mistakes so as not to commit mistakes again.

Since we can only analyse and predict while trading risks are still unavoidable here, there will still be losses no matter how good you are at trading, newbies who have no idea shouldn't jump into trading, they must learn first and the most important warning is never leave your funds on any exchanges wallet, hackers are still finding ways to jailbreak any exchanges security

in trading you need a strong mentality, can set the mindset including controlling emotional attitudes too, don't panic sell, do it at the top exchanges or who choose coins with high trading volume, be ready to take risks and many other things in trading that you need to know dude.

I agree day trading is risky but you need to select some alts which are fluctuating several times in a day well this will give you opportunity to buy and sell many times that's how day trading works. All you need to do is focus each and every moment of the market this will definitely help you to make descent profit everyday.

Dead old projects may never resurrect again. I pity the big bag holders that kept accumulating dead projects in preparation for bull run instead of buying bitcoin, Ethereum and other good altcoins.

I agree with you. One should learn that analyzing is a very important thing when you invest in a cryptocurrency. You can gain this skill by having experience by trading in the market. After that, you will start becoming better and better than before.

as a trader you do have an analysis technique like a weapon in war,
 if you don't have an analysis technique a trader will always experience defeat,
so don't hope that without analysis techniques you can win, even though the market is bullish, everything can change

Plan your trade and trade your plan and try to manage the risk buddy
if you discipline with your own rules, i'm sure you will get enough profit

Thing is these things are easier said than done sometimes.
It takes a lot of time to do research that's why some people conclude that this bullish moment becomes like 100% profit for every coin they throw their quarter at. And there are those as well that are fearing to miss out and yes I mean FOMO.

yes I agree with you, I also trade relying on my own analysis, I observe every chart.  I also trade daily by targeting every day must be profitable.  i am not a person who likes long term trading because it is tiring.  I prefer to take advantage of it every day.

If you have learnt from the previous bull run and the bearish season, my advice is , sit down and analyse your errors in the last, listen to advice, make research that will make you the best and follow your mind! don't be greedy. Most if us here only predict from our perspectives, even though some' s prediction are always closer to accuracy, notwithstanding they also have their regrets and loses, so be responsible for your errors.

Some times we think like greedy and make a mistake for sure.Same I haddone when the price of Ethereum had reached 440$ and expected it to reach 600$ that time.But everything spoiled by my mistake.

What exactly do you mean? I did not quite understand. Open a deal and the market will do the rest? I don’t think so.
After all, the market will not be able to close your trade by itself, unless it will be the liquidation of the margin trade, which I do not advise you. Open long positions during a bullish trend and close them without being too greedy. Best strategy.

the most important thing is we must ready for all situations in crypto market,
because sometimes the market is not going to our predictions my friend, so, think about the risk is more important than if we think about the profit

It is true that we as traders can only analyze and predict price movements in the market, about the results no one can know.
But if we have done the right thing, whatever the result is a loss or profit we can accept it. And can learn from it. So do the best
according to our respective abilities, the results should be in accordance with our expectations.
 

I think that's what people call FOMO. Basically afraid of misisng out while buying the coin when bullish instead of when it's bearish and with cheap price.
Most of people also think that way because of human pyschology and that's actually natural.
However that's what not needed when doing trading and could cause heavy loss

I agree with you, if we want to invest in cryptocurrency then we have to do our own research, because no one can predict the market price and if you follow someone else's choice, then when the price of the coin you invested dump, you will feel disappointed and sad, but if you do your own research and choose the coin you want to invest in according to your research, then when the coin price dump you will definitely be sad but not disappointed, because it is your own choice and not following other people's suggestions, so that it makes you still confident and believe that the price will definitely recover (pump) soon.

I agree with the statement that all we can do is analyze. Apart from analyzing, in my opinion all we can do is control our emotions or psychology, because high price movements will affect us in making trading decisions and we must be able to control them if we want to make a profit.

 Trading have more options to change the limit so we can easily change the trade limit and we can move on any altcoin at anytime so If I feel market is bullish, automatically I can change to stable altcoins. It is also one kind of gambling so we make profit or loss at anytime, But we have option to move on any platform at anytime so mostly we can protect our investment. Today's market is totally disappointed on some traders, So day traders are automatically protect the gems.

We don't need to do anything right in the bullish market because all trading will give you enough profits. Even bullish research won't work in the bearish market. Those are perfect who passed the last bearish market. You could see that so many scam projects could give us huge rewards in the next bullrun. Just take your profits if you think about projects.

It is true, we cannot deny that market is manipulated by whales. But sometimes we have no options when we need urgent money. This mostly makes some people force their selves to sell their tokens during the correction time. That's why we are better to use extra money, so even the market is in correction we just need to stay calm. Yeah, I can agree with you if it looks like still in good season. The price dump happened suddenly and it is rather suspicious.

Every opportunity in crypto-world counts so make the most out of it. If you can see that there is an great opportunity to gain and earn a very reasonable profit then takes it especially knowing that the market is so volatile so as a trader every profit earned counts.

I also didn't get what he meant. 

The number of people who holds BTC is increasing and there may never have a chance of manipulators to actually manipulate the outcome of the market, the market reacts on its own way. But you as a trader can only speculate which way the market will go in a particular period of time.

Naturally; one of the core features of doing the right thing is when you sit back, take lessons and let the market play out; which in my own opinion to some extents mean you can take a break from the market to check the emotion of the market.

I often feel that long positions are for pump and dump tokens; where you buy low; place your sell order and wait for a pump so it gets picked. I will implore that individually, do your own research

To do something right, we must be able to judge an opportunity. Don't ever waste an opportunity for profit because if the opportunity is lost, it may not be repeated. I'm sure a lot of people will benefit considering we're currently in a bull run

We really can't singularly tag DYOR as the right thing. The right thing for me when it comes to trading is, "Acquire the Skill Set."

Oh, really? I know of several traders whose only job is trading and they're living the life of their dreams from trading profits. The problem with many newbie traders is that they think trading is a shortcut to getting rich. It isn't. You hurry in without acquiring and trading skills and discipline, he market shows you the way out by destroying your capital. Trading is a profession and like every profession there are tutorials and stern learning to comply with. It should be treated as a profession. Gambling is a mile apart from trading.

Good opportunities mostly comes one's in a lifetime, taking the risk is worhted as you
might not see it again, you need to work on it and try to absurd everything and earn
from it, with the current market movement, you need to act accordingly, take your
step forward and accept your fate.

As a trader you can make profits irrespective of the market sentiments whether bullish or bearish although the OP is emphasing on the present bullish runs of the market a trader shouldn't just enter a trade blindly having some knowledge in charting and candlestick patterns enables such a trader to enter the market at an appropriate entry point.
 Example the recent pullback of BTC/USD to a support zone at $16400, this should have been buying at low or dip, meanwhile at present the price had resumed it bullish run after rejected at that support zone.

Make all your losses count, learn from it, and do better. But we cannot expect things to go on our way, even professional or experienced traders incur losses. Just keep moving if you incur losses and move on, and start over.  The market is a huge roller coaster ride, just enjoy the ride. Happy trading.

The market is trying to rebuild the support again after bitcoin could not able to break the resistance. The traders must be still hold their bitcoin consider it has possibility to surpass 20k rate anytime.
More companies bought bitcoin and that could also be a reason why we must buy more bitcoin.
Some people are also talking about mtgox and it's possibility to affect the bitcoin market too. In this time we are on a very difficult situation to determine which trend that will come very soon.

Moving on from loses is also a good advise and learned from those mistakes encounter from the past trading. Yes that's true even experts on trading encounter loses because of the market behavior that cannot be predicted where it will heading. So always make a plan when to take profit since market has its volatility of price.

This is a wrong trading perspective and a core reason why several traders (newbies, professionals etc) buy green candles; a bullish trend on the crypto currency market is not enough reasons for you to invest; because it will continue to moon is not enough reasons. A bullish run has its limit where price correction comes in; and it is why bitcoin has to 18000$ twice in each week in december. Don't buy green candles, never buy at the top; trading is not a gamble.

Failure is normal, its just that you should learn every mistake you have made in that situation. Just like you said, it should count and make your next move better than before. As of now the market is still at the high pace, and you should do the right thing whatever you do to earn tokens. If you are trading some tokens you should follow your portfolio for good income, if your portfolio is solid enough to make you gain more income. If you are supporting some projects until now, you should know or you already know what are the things to consider before supporting a project.

The main thing on the bullish market is not to buy coins on highs, you should wait for at least small dips

Yes it's very important to think about this. The market sentiment is now on upper side. So if you don't do right things or right investment then you could be in loss. So always try to understand and learn from the market. Then go for investment. Always put your money carefully invest those what you can afford to lose. And always do your own research don't go with people words or with hyped coin. The most important think is gaining knowledge in this field. If you took the right knowledge you don't have to think about money.

If you go with the hype, you will lose all your funds allotted to your crypto investments. Start small if you don't know what's gonna happen to that coin, try to educate yourself about the foundation of the coin and check the use cases that the project actually has. If it is just pure talk, then, better stay away. A legit project will work on their platform and produce results. Whereas, a pump and dump coin will just only give promises but they will never develop their platform according to the use case they want to venture on.

Investors still lose even after research because this is a highly volatile market and It is beyond one's control. The market does not always move the way we analyze or think. As a trader, I am also not a consistently profitable trader even I have a total 4-year experience of in trading still I am learning daily new lessons from the market. In the end, I would say always due diligence before the trade and believe in your analysis rather than any expert believe me you won't regret.

It is good to find small dips; because it indicates price corrections; but you also importantly have to find proper price dips; you need to find a token that genuinely experienced a price correction and not a token that is dumping to exile. Always do your research and don't buy green candles.

You must always certainly do the right thing at all times. We all do know that upon doing trading there is already risk being associated with it do as much as possible you have to certainly make ways on how you deal with the situation that is why we do have our own strategies to face certain circumstances that trading with crypto will give out.


This is right. Make your losses count but do not chase for it because you will just end up losing more. Strategize first before engaging once again because you must assess on which approach you have gone wrong and then make some adjustments that you think can help you out dealing with the situation. The market is a large roller coaster ride where you can literally expect the unexpected. Just go with the ride but you must also be able to gain learnings from it so you will know what to do the next time you encounter such thing.

For me the real holding time starts now as trading crypto suits only in a ranging market, now hodlers will be making big profits in next 12 months or so and i plan to do exactly the same.

The only right thing to Do in the bull market is Sale your coin and take the profit. Many people were greedy and didn't take profit in 2017 and were under the water for many months, Trust me you don't wanna face the same situation again. Buy the low and sell the top. That's should be the motto, again be careful if you hold too long.

Although what you said seem right but i don't understand that statement "do the right thing" in this context because like you said the market determines the outcome of the trade which means it is entirely out of your control, whether you try to do the right thing or not, the market will determine what will happen - profit or loss, the only thing you can do is not get involved at all if you don't have the slightest idea what you are doing.

We have that lesson not to follow them, especially if we see the profit is in front of us. The profit can disappear in the next minute or hour, and that can make you regret why you do not sell it before. Do not be greedy is the key to prevent the losses when the market bullish so that you can make a profit and you can wait for a while to buy back at a low price and sell it again at a high price.

Of course, our decisions are the main factor that drives us to a loss or a win, we should never blame ourselves for any outcome whether it is a gain or a loss. It's the lessons that empowers us to maintain a profit quota and stay away from losing. I must say that i lost in the past but nowadays almost 80% of my trades if they take place and if i trade are a win. Learned so much lessons and now trying to study and analyse before any movement.