Bitcoin Forum

What is the most useful strategy in trading?

Buy low, sell high.

Your question is too generic, and you`ll just get a loaded of different generic answers ranging from look at the charts, blah blah blah.

Or you`ll have people spitting out nonsense on its all about TA or some other bologne.

If you want to get serious into something, you gotta get dirty and do your own homework and observe whats going on this forum.

And your approach of not thinking the same as most people, cause to me trading is not just an exchange. Its anything thats bought or sold for bitcoin/fiat.

And also there are different ways to interpret your question.  That is why for points of view given by individuals here are mostly different from the other thus making you to make choices, confusing choices.

This is probably the answer that most people will tell you. Honestly, that's probably the only way to go.

That's the strategy for any sort of trading not only bitcoin. With bitcoin long term study of the price variation is required so to have exact predictions on buying and selling because none knows exactly when price increases and decreases like other currencies as it wont depend much on world economy.

the most useful strategy in trading is using your brain and your expertise to decide what to do in the market (when to buy and when to sell) instead of following other people (especially following what you read by random people on the internet) that is when you start earning real profit instead of getting dumped on.

and also difficult to buy low and sell high in bitcoin trading, sometimes very long stable prices.
but it was very well done in trade altcoin. You can take short-term daily

Well, "buy low, sell high" is not a strategy. It's a goal.

The best strategy is to gain information that others don't have and use that advantage to make better trading decisions.

everybody want to as you said buying when the prices down and selling when the prices rise up but the main problem is predict the exact moment from these things is very difficult because if any someone could predict these moment i'm pretty sure that he would get huge profit for every day and very rarely to loss

The most useful thing that you can do in my opinion, is to be informed about the stock that you will trade. If you know how the market works, you read all the news around it and study the market, then you can try to make some profit out of it. The sell high - buy low "strategy" is a goal to every trader, but you can never be sure how in what direction the wind will go, so if you are not very sure about it, better to avoid any trading at all... And one last thing - even if you lose some money in the process you must accept it - there is no trader that makes profits 100% of the time!

i think the best strategy on trading is timing and patience,dont panic when you see price movement,its just temporary. and this is can make you learn bout market movement. or use trading bot is wise option if you trust any bots.

actually there are many different trading strategies, but i think that most basic and most easy one is to buy cheap and sell expensive, as this way you will make lots of profit

and other good rules for you would be to never panic and never sell your bitcoins for cheap as this way you will only lose your money, remember that their price will always rise back

Trade without emotion. Until you've mastered that then you're prey to the people who have. And I'll bet only the teensy tiniest fraction ever manage it.

How do you trade without emotions ?
Answer : Close your eyes,act you don't have feelings ,be like a typical fuckboy and press random buttons right.

I think that's not quite the right approach,maybe using brains is ? I highly believe it is.Depends on person to person though.I feel the logical one's can only get the bacon outta trades while the dumb ones are picking chicken feathers.
Doesn't matter how emotionally you deal with the decisions if you involve your brains equally ,stuff might work in your favor.

First you should be patient and not trade based on your emotional situation(if any). Before starting to trade on something (in this case bitcoin or altcoin) you should make a research about that coin, see how often does the exchange rate changes, what are the causes etc. Trading is risky so be careful especially with the new altcoins which most of them ends at few satoshi at the end.

How do you become a market maker? By provoking the emotions of other traders. You get them euphoric, despairing. They buy high and sell low. They get caught up in hype and FOMO. All the while you're swooping up the coins they're giving away.

That's how every alt pump operates and plenty of Bitcoin ones too. You don't reach that position by experiencing the emotions of the majority.

Emotion is your biggest enemy when trading. Just have a look at events like panic selling, panic buying. It's devasting and 9/10 times when a experienced makes loads of profit it's because of these events. Making the emotional traders the losers.

In terms what you should do... following your guts and not being afraid to take risks...

For a while i have paused trading bitcoin <- -> altcoin because i can't control the emotions and the more closer is the halving the riskier is to trade because when bitcoin price rises the exchange rate of an altcoin decreases so there will be no profit.

true! it is a goal of trading. not strategy at all lol
basically everyone have their own strategy and it is definitely different, but let me tell you basic way to build your own strategy.
there is a technique called SCALPING , it is a technique to get small quick profits. you can make an improvisation after you totally understand what scalping it is. you may want to read more about this through this book http://www.amazon.com/Forex-Price-Action-Scalping-depth/dp/9090264116

Yes in that aspect its true.But again,if they're logical enough they won't be easily manipulated by commotions.You can you can literally come up with lot of stuff to control emotional aspects of people but only weaker part of the society falls for it.That's why I insist ,logic before emotions.

the best strategy is learning how to trade, read charts, understand analysis, and many more in the first place so that you can make decisions on which trade to make on your own and not ask it on the forum because asking it here will only lead to bagholders trying to dump their coins answering you with their misleading information.

and never forget to know with whom you make trades with always be updated with their legitimacy.  And have a good monitoring system.

of course that best and most useful trading strategy is to sell coins when they are expensive, and buy them when they are cheap as this way you will earn lots of profit if you do that

and personally i sell my coins only when their price is 20% larger than i bought, for example if i bought coins for 100$ each, i will sell them for 120$ each only, or maybe even more

I save some alt coin that does have a good prospect. I kept it long enough until the altcoin prices rose. but it all takes time. and strength that I use is patience. Strong patience can make all the work to be comfortable.

Any form of trading requires patience, in order to succeed, you need to have a good amount of patience.

trade bitcoin on forex, I reconmend it.

Thats pretty decent, but my take is to hold off if you can more then selling since the price flux always can increase.

The only time I would sell like you mentioned would be if you built a reputable thread to have an on-going liquid portfolio so you can do it on a constant basis.

The most useful strategy in trading is long term strategy. Buy and hold for long time like several days to weeks and sometimes longer depends on trend. Using this strategy you can watch the direction of the market. I saw some of my friends use short term and scalping strategy but both are not useful and profitable compared to a long run trader.

i am not sure if this is a strategy, i think it is more a rules, so if you want to get profit, buy only when price is cheap and sell only when expensive as this way you will get profit

and sometimes famous people creates panic, that bitcoin will die soon or such, so people starts to sell their bitcoins and price falls, so if you want profit you should never sell them when price falls

Long term strategy is the easiest way of trading, just find a good asset, investigate it and buy some for a period of 6 months to a year. No need to check the charts every hour since your position is long term.

Patience is virtue.
But you also need a few study about the market, weather, and alike that can influence trading from time to time a useful strategy for trading is always minimize your lose and increase a little of your profit make a steady prediction do not lose focus.

A good strategy I keep in mind is not to worry so much and just think logically when the prices fluctuates, and have a plan.

One strategy is down sell all at once and don't buy all at once. If the rice drops and you buy, there's no way to know if it will keep dropping, so hold some fiat in case it drops lower. Same for the sell side.

The best strategy is reading the charts and make your predictions based on that. Check the order book and recognize patterns. See when there are thin sell orders, because from there you know the price is likely to go up (a pump)

I've found one very simple but working strategy and just wanted to share with everyone.
 Although it is not a new one but some people might be unfamiliar with it yet:

https://www.youtube.com/watch?v=5vzRgxzvV2k (https://www.youtube.com/watch?v=5vzRgxzvV2k)

Be patient and do not do the panic selling like when the price of the altcoin that you choose is going down faster and you like oh my god im broke now. Remember bro that in trading you need some patience to get a good profit even though the price is still going down just ignore it because other traders can help you by buying that altcoin for a lower price and then it can cause for a price increase.

keep your eyes on the pumps and dumps and whenever a dump occur start to buy it and whenever a pump occur start to sell , so this will make you earn better. the other thing is that join that exchanges where there are not a large number of people so they will buy for what you sell and will sell for what you will buy.

Yeah need to be on sharp observation over the movement in the price but I don't go with the second option.

Keep an eye on :
-dolar price movements and general market events. they affect risk sentiment (risk aversion = btc aversion)
-techical indicators (RSI, SMA, candles...). Although it's a volatile market, it's better to take into account some of those stuff, sometimes they are good indicators, other times you will just pull your hair out for selling to low.
-mining difficulty
-chinese markets

Don't beat yourself up if you didn't buy at the lowest possible price or sold at the top of the height. Those exact moments are hard to pinpoint. If you have a 10% profit you're doing fine.

If you don't feel comfortable around price technical analysis yet, check out some websites (most of the crypto websites give off some neat pta articles) - cointelegraph, coindesk, newsbtc, etc.
When you're in the dark about one term or another, check out Investopedia (the dictionary). They explain every single term and formula for dummies.

My simple strategy is buy when a price is low and sell when is high.
Also don't buy a altcoin with all your bitcoin.Invest a small part of your total bankroll.
Invest only you can afford to lose.

Plus:

Realize your gains, don't realize your losses.

it would be easy to say. But I think it could be done. The most important point is your mentality. you have to be patient in arranging the right time. patience is everything in trading jobs.

I think the most useful strategy in trading is gathering information on what you are holding.  Do research, extensive research, if you have good information, you can use it as an advantage to other people holding the same item as you.  Be clever, create a hype, or promote the one you wanted to sell. And I see lots of  people spreading FUD too, targeting  the coin community they wanted to get in, so they can buy them low.  That maybe dirty but it is one effective scheme  ;)

Once you enter bitcoin trading you need to be in close observation with the bitcoin price movement in accordance to time, only then you could trade at the right time and get the expected profit.

I think one of the useful strategy is to observe first to the price movement of the altcoin that you want to buy usually you can saw the price movement on the graph and then i bid for a lower price than the currently price of the altcoin and then i hold it and i wait for the price hike and then i sell it ;D.

You must dont lose any money with it otherwise it will be sin and bad, but you have just to know that what people wants to have so you can trade that.
And making profit is also one of the important thing that you must have in trading.

you should monitor the price beforehand and see movement. when the price goes down, it's your chance to buy, then sell when prices rise again.

Actually, unless you can somehow milk the market (through arbitraging, front-running or whatever), the most useful strategy is following the trend. Statistically, the price has more chances to continue moving in the same direction than turn back and start moving in the opposite one at any given moment after the trend has established itself...

But beware, trend is surely your friend, until it suddenly stabs you in the back and steals your money