Bitcoin Forum

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here? :D

It will be worth it for you to state how much profit you have made so far vs your losses through this self-thought mechanism,  be rest assured that the formula you used is one of the oldest primary trading texnhinuqes,  by just using the buy-low and sell-high mechanisms this is not new to many of us and if I must advise you,  I will say you should maintain that single trading pair.

Because the moment you add another trading pair to the Bitcoin you are trading right,  it may make it hard for you to be able to control your emotions.

With everything that you explained, you are not a trader. You prefer to hold is only what you are saying indirectly. Holding is better, but the correction can come in short time too and you will make profit and won't be considered as holding, but you need to use indicators and technical knowledge of trading to become a good trader. If you have the technical knowledge and you follow this, I think it will pay you as you do not use leverage.

If you are not greedy, the best coin to trade is bitcoin. There are many altcoins that are very volatile, I do not know why those exchanges are listing them for derivative trading. But there are still better altcoins too. But preferably, bitcoin is better.

Know that if you do not apply the technical knowledge and trading strategies, you are only gambling.

Do you think that a modern trader does not need spoploss? If you buy bitcoin at a high price, then you will not be able to trade it for many years and wait for a new growth above ATH. At least ask the miners for the cost of mining bitcoin and buy when its price approaches these costs. According to various calculations, this is from 14 to 22 thousand dollars now.

It is only realistic if you are trading with Spot.  :D

If you don't use Spot trading but others like Margin (Leverage) or Future trading types, you will not be able to choose to hold your bitcoins or sell it. The exchange you are using with Leverage, Futures trading type, will pull its trigger to execute forced liquidation.

Forced liquidation (https://academy.binance.com/en/glossary/forced-liquidation)

There are people like you, but while you are like this, it will not he good to stay this way without knowing anything about charts, candlesticks and other things a trader or anyone who is interested in trading should know even if they do not yet understand it completely. Also as a new Trader I think the only nice thing that you have done is picking a pair to stick with even in this your play trading, new traders should try to be consistent with a trading pair that they are comfortable with.

even though the way you do it sounds like gambling, i can guarantee that many traders are doing the same thing as you are doing.  many people do trading just to fill their free time or make a side income, they don't focus on being 24 in 7 days in front of a screen to see charts and learn skills related to trading.

but what you do will not always give you guaranteed profits, so you must learn the basic skills related to trading such as analysis techniques and fundamentals, so you don't always gamble ^{(mod-based trading and luck)}

There's no indication of gambling, the OP isn't really going to lose the portfolio. The loss may only be limited to the time delayed to execute a commensurately profitable order, but it is definitely profitable in terms of value and does not have much of a psychological effect.
However this is still included in the category of trading although it is not as complicated as the way traders in general.

Not sure if it will fall on the category of a trader, as far as I know, traders are taking advantage of the volatility to make more money. But I do understand your strategy, and it works more likely when the price of bitcoin is going down and you don't want your capital to get hurt.


For sure, I did this strategy way back, when I was still a beginner here, like 2017-2018. But it's not for me, at least being a steady trader. So I just choose to be a holder and invest when I have the capital or do the old but reliable strategy of Dollar Cost Averaging.

The price of Bitcoin is usually dependent on some volatility you trade. That is, you never follow the rules of trading, only when a few candles go down, you trade accordingly. But I don't know how long you will be successful in trading this way. Because if you want to trade, you should have enough knowledge about trading and then start trading. Trading based on these assumptions of your market mood will never do you any good. Don't rely only on your own ideas, learn something, get enough ideas and then invest, then you will see that you are successful in trading.

I've mentioned if Bitcoin price is keep declining, I will not sell my coins and will wait until the bull run happen, that's when the price will recover. Bitcoin don't have such fair value, solo miner and company miner are different, not to mention about the electricity cost, maintenance cost etc.

Correct, I will not sell my coins in lose, it's just an unrealized lose. Bitcoin price will never going down to $0, it's not gambling where I will lose all of my money.

Yep, for me margin trading or leverage trading are for making quick profit and high risk, I feel more comfortable in spot trading.

I can't share it, but I've did few successful trade before.

Now I'm currently in lose because I bought Bitcoin at $27.5K, but no worries I will keep holding :D

If you bought bitcoin for $48,000 in 2021, would you still be waiting?
A year and a half has passed, and you do not despair and continue to wait. It doesn't look like trading.
It is true that there is no single bitcoin mining cost for all miners, which is why I wrote a price range. Electricity prices also do not differ much, because no more than 10 countries in the world are leading in this industry.

You should find yourself lucky then if things work out for you as expected through your own method, but to me is a trial by error method which i couldn't encourage such for someone to go for, possibly you're been lucky enough to meet the target as at the time you traded and this works the same way as predicted, but the more you go the more you will need to study and make use of those trading indications for your successful trading experience.

I also want to believe maybe it not yet time for you to make use of those parameters being a newbie in trading, you may require more time to learn and developed the required skills that could help facilitate your quick learning and use of those signals when the time comes.

Still good decision to trade what you think good for you since you can practice your trading skills for focusing on your favorite coin to trade. But you shouldn't stay on your comfort zone since there are to many coins are worth to trade which can give you more possible profits if you do the right thing on your trades. Also you better start to learn how to do charting, reading the trend line and other important strategies that can help you since it can help you to earn good profits for long term.

Earlier I used to trade in some other coins hoping for a bit more profit but since I lost a lot trading other coins I decided to invest in Bitcoin even if the profit is less. Because when I was trading in other coins I noticed one thing that when the price of Bitcoin goes down the value of other coins goes down a lot but when the price of Bitcoin goes up again but the value of other coins doesn't go up in that proportion.  Since Bitcoin is safer than all other coins, I now prefer trading in Bitcoin. 

As you have described your trading experience, I have a question for you: have you been able to profit by investing this way? Because as you say you do these without any observation or idea about trading. Trading this way has the potential to hurt.

A wise strategy and somewhat reduces your risk, but I advise you to mix it with investing in the BTC/ETH pair, and thus you will achieve more return with relatively little risk.

Without defining a final goal, it may take you a long time before making a profit, and this time represents the alternative opportunity that would have been achieved if you had invested early, and therefore you would miss the alternative profit opportunity.

In general, continue with it, learn it to trade in altcoins pairs and start using these profits as a start for short-term investment.

I think a LOT of people are like you, if I judge from the behavior of most traders in crypto and forex. Plus also being that myself, I can safely say most people who don't trade like hour to hour do it exactly like this.

Even when they use target or stop loss, they can't help logging in and changing minds when things don't happen like they predict!

Sometimes I trade like you do, especially when I can't find any clue about the market. And in my opinion, it's a safer way to anticipate losses because we keep holding the coins and don't sell them at low prices. But many traders cannot afford to hold on to their coins and tend to choose to sell them and buy them at lower prices in the hope that the price will rise soon. But each has its own way of making profits and will choose to use methods that make them comfortable trading. If you continue this way of trading and can repeat it several times, I think your profits will increase.

I do not expect you to continue to carry out the trading habits that you do. I must say honestly that what you do will become a bad habit. it won't hurt because you have other plans when the trade you make will go the opposite of your prediction.
I also prefer to trade BTC/USDT. but not only for the profit I can get but more for my planning to collect more Bitcoins. I am also not a trader who uses large capital. but I am more careful in planning trades.
However, we wish you continued profit and luck with your trading  ;)

Bitcoin is traded all over the country/world, of course: there are thousands of people who trade according to the knowledge and expertise they have, the method, the process of doing it is different, you do method A, that's what you have, other people use method B it's their right, bottom line: all Bitcoin trading processes to achieve good results and profits, it doesn't matter and it's not a mistake if you do the tricks you have.

Maybe, a lot......!

As I said above, you do the way you can, of course other people do that too, for me what you do is more towards investment, some people I know, they don't care if the price of Bitcoin goes up and down, they keep on buying while they can, but one point that they believe in and watch is the new ATH, that's their final benchmark.

No, he is not gambling but spot trading and no stoploss. If he is lucky, he will make a short-term profit, and if the market suddenly goes down, he will become a long-term holder. It can be said that he has nothing to lose, but trading that way will not be consistently profitable, and as he said, he is not a real trader. To me, this is not so new, long-term investors will often combine this way to make more profits in the short term. What they're doing is just taking the opportunity, if the plan doesn't go as planned, they don't lose.

I've also been doing that OP when I was new in the market, I was thinking about security and profit assurance as well. But as we gain more experience and market engagement, I've found out that using altcoins for trading is even more profitable compared to Bitcoin, however, the risk is too high as well which is not recommended for low-risk appetite.

But I would say that if you are already contented with what happened to you, I think placing yourselves in your comfort zone is very important in trading. However, I will still encourage you to try altcoins as well.

If you are not trading to make money, then you are trading for pleasure and you just want to test your knowledge because I have not seen a trader that will say he doesn't like profit much in trading. Literally, that is the motivation of every person in trading, they buy low and sell at high price but I still don't underdtand why you don't like much profits to be made so much.

You see that strategy you are doing, you will lose all your capital and nothing will be left for you if you fail to learn about what you do, you should learn to understand the chart very well, undertand the trendline and also candlestick. The BTC/USD is easier because it is the first and that's more trusted by crypto community but not every like that pair because if you don't have enough money to trade, you wouldn't enjoy it.

Well the past me was like this but right now I'm not trading without doing any analysis since the analysis will help me to predict the next movement in the market. In the past I was really the same as you when I buy at a high price and Bitcoin goes down I wait until I recover and try to trade once again but something like that is really slow for me. 

maybe for now, he is not looking for profits as he is into btc/usdt only. but once he discovered other alts that can give him good money, for sure he will change his approach in trading. and more then likely, once he got a very good grasp in trading and very confident with it, i guess he will be in several alts. i don't think any trader won't like to make money here.

If it is your decision to trade bitcoin, without studying candlesticks or trends, then continue.
Because if you only trade on bitcoin, I think it will be safe. Because bitcoin already has a regular cycle, like the halving that occurs every four years. So even though I'm not very skilled at trading, I think it will be safe. But I suggest trading in bitcoins for the long term. Because if you trade in the long term, you don't need to bother thinking about trends or candlesticks, you just have to wait for the halving and the desired target price.

But if you want to go deeper into the knowledge of trading in crypto/bitcoin, I think it will be more perfect. Because to a lesser extent, if trading mainly in assets like crypto/bitcoin. Knowledge is needed first, so that it is more organized and focused on the course of your trade. Because if you only trade on bitcoin, you can still do it without having that expertise. But if you step up and want to try other crypto (altcoins), trading knowledge is very necessary.

And in essence, in my view, what you did was not wrong, it was just not quite right. Because if you trade in crypto/bitcoin, it will be easier if you already have the knowledge.

We have many individuals like yourself here, most traders are like you and that's okay if you don't sell but keep holding your bitcoin. This strategy mostly work for Bitcoin because you can be certain of getting profits if you keep holding your Bitcoin until the price recover. Don't try this with altcoins as they are not Bitcoin and can collapse or dump while you're holding.

This strategy is perfect if you don't want to be a full time trader but if you want to become a professional trader and make trading your source of income, you have to learn how to read charts and understand them to make your predictions correctly or you'll lose your trade.

I advise you to only use these methods with bitcoin and not other altcoins, even though they are altcoin that are good too but have a higher risk of losing than bitcoin, since you are used to these methods I think you should try and be buying bitcoin and continue hodling for a long time. I believe there are people who use the same method as you use to earn money but they didn't call them self traders since this is not how they Trade.

And while it appears that you enjoy trading, the fact that you lack the fundamental knowledge of how it operates makes me believe that you should go learn it. This is because I believe that once you find an altcoin that will pay you more money than bitcoin, you will switch to it. For this reason, I believe you should be knowledgeable about trading now. After reading your post, I believe you may become a full-time trader because you enjoy it.

As a beginner it's a good idea to focus on one coin and learn as much as possible before moving into other markets. Bitcoin was also my first coin I started trading with, but I used to trade against fiat money not USDT. Using stable coin as a means to save profits is a great idea. The main advantage of trading well established coins like bitcoins is that we are not forced to sell our coins if things go bad. The bitcoin price tends to move in cycles and if we bought at the right time we can always wait out for the prices to recover again. That's also why I would never use a loan for trading, in case we need to make periodically interest payments we would be forced to sell our positions at unfavorable prices. Trading bitcoin is a good market for beginners to make their first experiences with limited downside risk.

In my opinion, there are people here who trade like you. Actually it's better to say you're just investing not trading because usually comes to our mind in trading is that you always looking at the chart and analyzing the market to find any setup that are tradeable. If you invest in Bitcoin now there's nothing to worry and I swear you will not get lose even if the price goes down as long as you didn't sell it. We all believe that someday Bitcoin will create new ATH but still not necessary to invest all your money, just like what you do, your way of investing was stress-free.

Keep it simple if you don't understand the technicality. BTC/USDT pair is more likely the most common trading pair choice of most traders, But note that the strategy you use is more of investment than trading because you only buy and wait to take profit for every time a new ATH is reached. Traders make profit and loss hourly, daily, weekly, bi-weekly, monthly depending on their choice of time frame. But in generally the whole concept is the same which is buy low and sell high and to stay profitable knowing how to interprete  chart can be an advantage to stay consistent in profit.

Altcoins also yielded greater profits when I used to trade a few years ago. I'm stuck with bitcoin holding now. However, the OP doesn't like that he's actively trading but mostly trying to take advantage of opportunities created during a bear market or generally when it's more volatile than usual and holding till he can sell at a profit. Traders are actively conducting transactions, holding on to the wrong trade might cost them more money than selling at a loss. This is why there are so many tools to assist you when trading (stop loss, etc.). Anyway, we're free to do what we please and what we believe works best for us.

You are a trader too because you have the intention of selling bitcoin back when price increases so that you can bag some profits. This strategy is often less risky than other forms of trading, such as day trading, as it allows for fluctuations in the market that may occur in the short-term. With long-term trading, traders are better able to ride out the market's volatility and generate returns over a longer period of time. Ultimately, the success of long-term trading depends on various factors, including market trends, risk management strategies, and the individual trader's goals and experience. Since you're good at HODLing then nothing is going to stop you from making profits with your investment.

That's not called trading but gambling. You are basically gambling without knowing which side the price should go.
Although I don't recommend this kind of trading, it's good to know you are willing to hold such a long time of "next super cycle".
Most people panic sell at times of high volatility and using stop loss is a must when trading. So I would advise you to start using stop losses soon.

This is the common reason which I also agree with.
Bitcoin is the highest market cap cryptocurrency, I believe that other cryptocurrencies are just correlated to Bitcoin's price. So instead trading to these altcoins, why not just trade Bitcoin, Bitcoin got more high trading volume (more traders are trading this peer).

Crypto trading is defined as when you trade crypto assets frequently to make profits from it. And if we see this definition then Bitcoins definitely not suits here. Bitcoins are good for long term investment. In trading of cryptos you trade one specific crypto with other to make necessary profits. But bitcoins are very rare. So it won’t be wise decision to sell these coins for other trash coins. When you invest in Bitcoin, make sure to invest it for long term, else no use.

Whoa, buddy! I'm all giddy up to see you diving headfirst into the trading waters, all in the name of good ol' fun and fattening your wallet. Your game plan might raise an eyebrow or two, but who cares when it's hitting the sweet spot for you. The BTC/USDT duet is like the hot ticket item on the crypto market menu, owing to its liquid assets and the USDT's rock-steady demeanor. And of course, Bitcoin, being the crypto big shot, brings a hefty dose of faith and comfort to the table.

But allow me to put on the devil's advocate hat for a moment and toss an idea into the ring: How about beefing up your know-how reservoir? Getting a handle on chart patterns, the ups and downs of trends, and the cryptic candlestick formations might turbocharge your trading, even if you're not living life glued to a screen. Expertise isn't a prerequisite, but sprinkling a bit of knowledge can mean the difference between dodging a bullet and catching one.

Trading isn't all about tossing the coin and hoping for the best; it's about making calculated moves. And who knows, you might get a kick out of mastering a new skill!

I don't understand, you claim not to be a trader but you trade to make small profit, then what are you? If you are making big money or you are making small money, you are a trader and i don't know if their is another name for people that are making small amount of money in trading.

If you are using this strategy which you just mentioned above, then you are not a trader but a investor, as a trader even if you are trading bitcoin, then you will have to monitor the price movement, and you won't want your trade to go wrong. Let's assume as a trader, you bought bitcoin at $60k and you wanted to make little money before you exit the market, then your trade goes against you, a trader will look for a way to cut the trade so that the lost will be reduced, but a investor will keep on holding no matter how bitcoin dump. So you are a investor and not a trader.

I think am like you, whenever am accumulating bitcoin, I don't care about bitcoin price, I don't do any analysis, whenever am having extra money, I will just buy my bitcoin and send it to my wallet, I don't care if bitcoin will dump or if it will pump, I don't care about the news that people are spreading about bitcoin either positive or negative.

It’s more like a holding of Bitcoin and wait for the peak price before selling, not a real trader for me. You can also consider this as DCA since you don’t care much about its current price. Bitcoin seems to be a good one for long term and there’s no doubt about this, though if you could timing the market the better. Bitcoin will pump again, this is still the basis of cryptomarket, bull should come soon.

This makes sense and at least, you already understand what you can do. So, don't force yourself to get involved in trading altcoins which might provide a higher risk. Bitcoin's volatility is actually high. In this case, trading for short terms might be good, if in the spot market, little by little. But not in futures trading or other types that use a leveraged system. Short term trading itself is still risky, but as long as we understand and can anticipate various things in trading, this won't be a big problem. To be sure, do what we can with a variety of considerations and analysis that is good enough.

I think stop loss is important when you are trading that is true, but when you are making quick trades, trades that you open up and close in a single day, should not have stop loss anyway. Because, if you are doing that then it means you should be able to not lose much anyway, people who trade daily are already on top of the market and when they see a movement they should be able to move manually without a trouble.

However, if they are focusing on how they could build something that will be a long term approach then they can consider stop loss. For example I am a long term investor, I do not personally have stop loss but I would understand people who do. That is how they should be considering it and then it may make more sense.

Yes, after all, every trader or investor has their own strategy and it should be like that,
they have to know what to do and need to apply stop loss or not,
what is clear is that each person has his own decision and is responsible for his decision.

The volatility you trade typically affects the price of bitcoin. In other words, you never trade according to the rules; instead, you only do so when a few candles are in the red. However, I'm not sure how long you'll continue to succeed in trading this method. Because if you want to trade, you should first acquire a sufficient level of trading understanding. You will never benefit from trading based on these presumptions about the state of the market. Don't just rely on your own ideas; study something, gather a sufficient amount of ideas, and then invest. Only then will you notice that trading is successful for you.

OP is doing the long term game of buying low and selling high, it is safe and easy to manage for a busy individual who has a job that usually takes up the day hours. It is also the method told to newbies as a starting off attempt in the exchange and their trading journey.

Keeping focus on a BTC/Stablecoin pair essentially means using fiat to buy/sell it, this is advantageous than using another altcoin which might be influenced by its secondary markets against other crypto. Although this choice will vary among other users based on the acceptance of stablecoins among the community.

I think most of the long term traders would agree with the OP but maybe not on the stablecoin part.

There may be individuals who trade completely on emotion and instinct without using charts, candlesticks, or market research; nonetheless, this strategy is often seen as dangerous and speculative. Without a plan or grasp of market dynamics, trading can result in huge financial losses. Successful trading frequently necessitates a mix of elements, such as market knowledge, chart and indicator analysis, risk management approaches, and discipline. Before engaging in speculative activities, it is important to understand about trading methods, technical analysis, and risk management.

You will find many like you here. I guess they do the same. But the trading is a really fun thing if you take the right approach. But I won't recommend you to do so as it contains risks that can make all your asset go poof.
If you like to buy, sell in BTC/USDT pair, then just start doing DCA. If you don't know about it, then let me explain. Dollar Cost Average aka DCA is a process where you put a fixed amount of money after certain period of time despite the market price. This time could be hours, days, weeks etc. And the amount is up to you. That way, you will make a good profit in the long run. You can learn more about DCA on the internet. Do your own research before doing anything.

This is not an actice trading for me, hence a big chance for him to make profit as he is planning to sell next bull run. If OP decides to trade actively then that is the time for him to master technical analysis because trading works with that strategy. If OP want’s to deal with volatility he should be more informed that Bitcoin can also go against the trend and there’s a tendency to lose money. Trading requires a lot of time for your analysis, there should be no rush when making profit, perfect timing should be observe.

well, that is the advantage of bitcoin, that you don't have to worry about your investment. I also often do this. however, I thought the same thing for popular altcoins, not to mention that they are cheaper than bitcoin. so, I sometimes combine my investment with several altcoins. however, personally, I only use altcoins for the short term, and bitcoin for the long term. However, the risk of bitcoin is smaller than that of altcoins, but I feel that with a small capital, the profit is not too big.

bitcoin is the most difficult coin to manipulate, so it is more feasible for short-term trading, actually not only bitcoin but there are several altcoins that are also worthy of trading or even investing. for example, we can see a new project where suddenly the price skyrocketed and suddenly the price dumped, then how do we do an analysis on it, while support and resistance seem unable to be used as a reference for price action

Before getting to know crypto trading I had been trading on forex for almost 3 years so when I saw price fluctuations in crypto I would not use large amounts of money, the reason for moving from forex trading to crypto trading was because the profit potential was huge compared to forex trading, like us know that fluctuations in forex trading prices are very small so if we trade with small capital it will be difficult to profit.

Altcoins shouldn't be left unmonitored because they can collapse or get low trading volumes anytime. For example Binance exchange has been delisting some tokens and this has caused their price to fall. If you held those altcoins and didn't monitor them to know when you should take profits or sell to avoid further losses, you'll always lose from the market. Only Bitcoin can be left years without monitoring and still be profitable.

Don't invest in altcoins because they seem cheaper than Bitcoin, there are so many reasons why a coin or tokens is having a low price. Some of the reasons could be because the supply of the project is too much like with most of the memecoins that are been launched.

Long-term trading in bitcoin is very similar to investing in bitcoin. We also need to choose a good time to buy and also wait for the right time to sell. At this time, nothing will stop us from going to our main job, since long-term trading does not require us to constantly monitor the situation on the market.

I once discussed this question in another topic, is there a significant difference between long-term trading and investing in bitcoin, it seems that they are really very close in meaning. The main difference may be that the investor can wait much longer for the set goal than the trader, if the trader's goal is bitcoin at a price of 100k, then the trader can choose intermediate values ​​and take profits depending on the market situation, when he sees what he already has profit, but also sees that the trend is changing.

Even if you are a day trader and making manual trades and are online all the time, stop-loss is still important and plays its role, especially if you are trading coins or tokens that are highly volatile since day traders or scalpers generally look for volatility that provides quick profits, but sometimes, the trade and the market can go totally against you.

So when you buy a token or a coin that is too volatile and it suddenly gets a big dump, you can be in trouble and have a percentage of your capital stuck, but if you have a stop-loss set, your losses will be minimal and your capital will be free so that you can make more trades and then recover that loss.

I think your comment is a bit distant from what trading is about, it's mostly about risk and if you're afraid of that, just don't do it.

That is, if you're just doing is placing an order and taking a profit, that's just a trade order but it's not being a pro trader, so, put many order book, (bids, asks). What most people do is not really be a trader.

Leverage is risky, yes, but we return to the point if you are going to dedicate yourself to asset trading, do not rule it out, that is, I always hear people say, short selling yes, no, leverage most say no, and I think it is because they do not have the capital or the knowledge, the key in any type of risk is the capital that sustains that risk,  but they want to have the risk 1:1 or consequently the ever ROI+.

Yes, there are a lot of traders like you here.
I did this before but sometimes it could be stressful monitoring the price each day or worse every hour just to check the fluctuation of Bitcoin. Well, if it does serve you well then keep it up. But do remember, there will be times that you will have to wait longer while the price range you set is not reached, and if you are only trading one pair it could become boring in the next days to come.
The good part here is you are focused on just one pair which means it will be like your pet that you will nurture and monitor every moment you have free time. Many traders don't do this anymore and try to do multi-trades to maximize their profits but if you do have the patience to stick to one then good for you.

Bitcoin is good for trading due to several reasons. Firstly, its decentralized nature eliminates the need for intermediaries like banks, allowing for faster and more direct transactions. Additionally, Bitcoin operates on a global scale, providing ample liquidity and allowing traders to access markets 24/7. Its high volatility presents opportunities for profit through price fluctuations, and its limited supply ensures scarcity, potentially leading to long-term value appreciation. Moreover, Bitcoin's pseudonymous transactions offer a level of privacy, and the blockchain technology behind it provides transparency and security. Overall, Bitcoin's unique characteristics make it an attractive asset for trading, offering potential rewards and diversification in investment portfolios.

I disagree, if Bitcoin is the most difficult coin to manipulate, then it's not more feasible for short term trading because altcoins has a chance to give better profit due to pump and dump. The key of trading is making money in short term, but since altcoins is centralized and there's a chance the coin would become a dead coin, I can't accept that risk.

Not really, Bitcoin price do affect most of altcoins, but there are already many top 10 coins had a hack incident and the price never comeback e.g. LUNA, BRC-20 tokens.

We shouldn't really compare all altcoins with meme coins but you are obviously right that if a token or a coin has a very large supply, it will most definitely have a very low price making the token deflationary for most of its lifetime. Such tokens barely manage to get high price gains no matter how much the market moves up and down.

But, not all altcoins are like that, there are also tokens and coins which have high supplies but have good prices and good enough trading volumes because they are backed by strong projects with strong fundamentals.

I think you can choose any coin if you buy for $250 let's say. If $250,000, then Bitcoin will allow you to buy and sell without much slippage, because this coin always has a lot of liquidity.
And not all coins follow the price chart of bitcoin, but bitcoin is always available for trading in different pairs.

This is the importance of having knowledge because if not then we are just FOMO and in the end we lose,
strong project backed coin is worth to invest and maybe it will be profitable,
Investing in meme coins for me is not a good option but everyone has their own view on it.

I agree with you, the importance of BTC cannot be ignored as far as many other cryptos are concerned. For me, It its importance increase because of unlike traditional financial markets that have set trading hours, the Bitcoin market operates 24/7. This around-the-clock availability allows traders to respond to market developments and take advantage of price movements at any time, regardless of their location. The second thing is that it is much more secure than others, due to which you can keep your assets safe and earn good profit. Moreover, Bitcoin has seen significant price appreciation since its start, and some traders view it as a long-term investment asset. I like trading in BTC because of its liquidity, and diverse trading options.

It is good for trading since most crypto depends on its price also the trading volume of it on spot and futures is huge, so it is difficult to manipulate unless the whales are making a move that will affect the price action of bitcoin.

I can understand this. As long as there is an upcoming Bitcoin halving, you should feel safe to trade or hold Bitcoin, right? After BTC halving, we probably have bullrun season and it will be the best time to sell Bitcoin. Well, it is not a wrong decision but top altcoins are also almost the same as Bitcoin. If you check ETH, BNB, or ADA, they are also safe to trade and hold now. You must know if these altcoins also follow Bitcoin, even they can rise more than Bitcoin. I think you don't need to trade with Bitcoin only, just try top altcoins for a chance of bigger profits. When there is a bullrun, it is time for altcoins season, too.  ;)

It is very necessary to have knowledge in trading otherwise there is definitely a possibility of losing currency. But Bitcoin is worth the investment I think this Bitcoin investment should never be risky. Most people gain from investing in Bitcoin and those who are raw about it face losses.
There is no doubt that investing in meme coins will result in future losses. Most of the meme coins are scams so it is better not to risk investing. I never consider investing in meme coins but investing in Bitcoin is the best.

Whales and top companies are the only ones that can manipulate or glitch bitcoin, which happens once in a long period of time, its price is not fixed, up and down movement. Bitocin trading volume is larger than most cryptocurrency in the mark. Bitcoin is a top coin in the market, it's fluctuations keeps getting worsen by the day, to mu surprise, most traders are acquainted with bitcoin and that strengthen me into trading it. I've made countless loss in trading bitocin and also profits, but making sure my profits surpassed my loss.

Manipulation in speculative assets occur everyday and it's not that Bitcoin is free from it. However the changes occuring in price every 24hrs is much less in the last few months compared to top stocks on the market if you may. This should not happen to be the reason for trading, rather trade whatever is easy and comfortable for you.

Do not be of the opinion that one is profitable while others are not. In the long term most assets are profitable if you know to hold and trade them.

trading without analysis and learning as you do is very risky. because if you use mood/instinct it's not trading but gambling, because trading uses analysis and various strategies to be able to minimize losses and get profits. whereas gambling is that you actually buy an asset and hope that it goes up or down, you don't use any method, just stick to your feelings.

there's nothing wrong with you from now on starting to learn to analyze the market based on the news. No need to be complicated to learn charting, just learn the fundamentals. trading like this is much more fun, because we can see how we try to analyze and get profit and when it works we will definitely appreciate trading more.

The way you do it only matches the pairs you choose, if you do it on altcoins whose development is unclear and think the price will go up again then all your capital will be ashes sooner or later.
I did the same thing when I first started trading, but unfortunately not in the same pairs as you so the results were really bad because the altcoin that I bought turned out to be a developer cheating and dumping all the coins into the exchange to run with the money they got from dumping away the coins it holds, so as I mentioned it is only suitable for BTC-Stablecoins but hopefully the stablecoins you choose are not like UST, so actually you are still at risk of losing if what happens to UST happens to the stablecoin you choose.
So it would be better to also develop knowledge about trading or if you want to keep doing the same thing, change to BTC-Fiat pair and do it on the local exchange which I think is much safer.

Nah, I've tried doing this but guess what, I ended up losing my $100 too fast than I can imagine. I realized that trading doesn't simply just work without these trading tools (chart, candle stick, analysis, etc). Though using our instinct is seem to help but not that we just rely on it because the result is too different compared to having those tools I've mentioned. No way we can survive trading and not gain success if we don't use them as it was been created to have positive trading results more than the usual thing we do.

That means you are using spot trade in trading BTCUSDT because despite buying at the peak your risk is very minimal despite a price reversal or retracement compared with when you are trading with Isolated or cross margin with a leverage of 3x and 5x or if you adopted future trading then you will need to worry about liquidation because of the high risk involved in trading, spot trading is  more or less like investing in Bitcoin and hodl that means for you to break-even after a price reversal you needed to wait till price turn bullish and pump till your entry price well it's a good strategy for any newbie without any knowledge of candlestick patterns.

I'd learn to trade using Bitcoin but found it not just an option to take as I noticed that many traders are saying that altcoins are more profitable than Bitcoin. Yes, and I've found it right that is why I switch to using altcoins now and see huge different results and they are right. Honestly, I see altcoins are more volatile compared to Bitcoin and probably because of huge trade volume which makes it move high and low too fast and this is good in trading. But of course, we should be wise when choosing altcoins as not all are worth trading, market analysis is very important.

Honestly, I don't believe what you say "You never learn chart and candlestick" Instead you just base trading on your mood and instinct. Given the fact, it's true that you decide on your mood and instinct, of course when you set up to buy or sell bitcoin or other cryptos, you'll see the chart/graph and candlesticks, it's impossible not to see that. Also, when you see that you will have an idea of what you should do and you will have an idea to also see the indicators of which direction the price is going.

There are no traders who don't know how to read the candlestick or read the chart on every exchange that will use it. So you only have two choices, dude, are you a Bitcoin or crypto trader or are you just a Feeling trader who doesn't know what you're doing? I'm sorry, I am just stating the fact based on what you say. Because even though I don't know anything, I will still base my buy or sell set-up on the direction of the candlestick or the indicators on the chart. That means what I saw on the chart via candlestick gives me an idea of what to do and that's where my instinct comes in.

Bitcoin is often considered a good platform for trading due to several reasons. It has high liquidity, meaning it can be easily bought and sold. Bitcoin operates on a decentralised network, providing accessibility and eliminating intermediaries. Its price maintainability creates opportunities for potential profits through short-term, long-term, and part-time investment. The round-the clock nature of the Bitcoin market allows users to trade at any time. Additionally, Bitcoin's global recognition makes it a popular and known choice among traders throughout the world, contributing to its trading potential. Remember that before trading in Bitcoin, you must first learn and gain skill about cryptos and be aware of and prepare yourself for the profit and loss margins.

Choosing that kind of alt is I think fine in trading because we will just trade them right away. It only becomes risky if an investor picks them because the coin could die already before they come back to see their portfolio because investors usually leave their portfolio for a while to avoid getting distracted. It's normal to make mistakes on our earlier days in trading but we can learn valuable lessons here.

It's up to us already if we will apply it or we will now move on. What happens to UST is pretty bad but it did already happen to some stable coins which are also algorithmic based. I'm not saying that stablecoins like Tether, BUSD and USDC are now safe. No, but they have their own issues too.

I think that is still quite big movement, sure it is not going to collapse on itself and that's a good thing but that doesn't mean that we are going to end up with zero neither, we are going to end up with a big movement. So when bitcoin moves 3%, you may move 30%, instead of losing all 100%, you are losing 30%, but at the same time instead of earning 100%, you are losing 30% as well.

These are the differences and that's why it matters. I still prefer regular old spot trading ,buy bitcoin and sell my fiat, and sell bitcoin to get fiat, that's it. These days it is mostly done with stablecoins of course but I can still do it with regular fiat as well if I want to, there is no need to put stable into it at all if I do not prefer to use it and just want to do regular fiat.

First of all, Bitcoin is not a platform but an asset or a cryptocurrency that people buy and sell, and I believe volatility and enough liquidity are the two main reasons why traders prefer Bitcoin over other cryptocurrencies when trading, one more thing is that Bitcoin seems safer than altcoins because it has been around longer and has gained a sort of trust among the community that it won't bring many losses if it's kept and isn't sold after panicking.

Still, whether Bitcoin seems to be a safe option to buy and sell as a trader, one should still do their own research and understand all the metrics that must be considered before trading cryptocurrencies because even Bitcoin can have some risks involved with it.

I hope that people would end up with something that would be possible because it should not be that much of a good thing. It doesn't mean that we will have a better return though, that doesn't mean that it wouldn't be a good thing, it doesn't mean that it would be a good thing and we may lose maybe less than full but still loss.

I think it is quite terrible for the end and we should be careful about it. I know that the risk is less than regular leverage type of deal and that is understandable, but being less than normal doesn't mean that it will be like that for a long time, it just means that we are losing and yet losing less and that is why it is still a trouble. Learn how to trade on spot trading and be right there for many times in a row before people go into these things.

I will likely say you are  into holding not trading cause for trading they are more of decision making you must follow signals to read what the trade market is said that period you can not just predict charts you will have to all way keep an eye for loss signals and always keep an eye on your candlestick that is the movement of price without the candlestick the display of the high, low, open and closing of a prices of a security without this it will not be able to display and also for trading, signal are much used without
them you can not called them trading

This statement is might be underated by some people but there is sense in this because Bitcoin is the most like by everyone doesn't gurantee profits for traders especially the ones who have limited capital to trade, altcoin is the best in this market to get something out of it, if you trade bitcoin with a few dollars, you will end up making a peanut but altcoin that is popular by demand and also have good volume that trends every week, you will get your own cut of profit in every candle, you will make something even with the small capital at hand, but don't forget the risk involve in altcoins, they can give loss too.

Of course there are other options to consider besides trading bitcoins, but you didn't mention which one.
It all depends on individual interests and abilities. I know some lucrative options are also available like being a content creator or something like that, but it's not as easy and fast as it seems. The fact is that it takes people years to develop their skills to make money on it, but trading allows you to make a profit even after you buy it.

From the experience I have got with these kind of senario not easy as you think, I was cought up in 2017, bought at the top and the continues to melt down, it was a painful experience that each day, weeks and months I didn't see for once where the price come to my entry point to have the opportunity to exit the market. Therefore If eventually I bought BTC and it happens to be at ATH, where the price fails to make new highs, To be sincere it doesn't make sense to hold at that point and immediately I'm getting out of that market because I will have a better opportunity by applying DCA strategy to buy at cheaper prices while the price crashes.

It is painful because from an All Time High to an ending of a bear market, it is very stressful and needs long time to cause most of engaged people disappointed and exit the market because of negative emotion, psychology. It is a very important phase to prepare for a next big bull run and we can not have big bull run if the market can not wash out weak hands.

You were luckily because you did not use margin so you were not liquidated in past bear market. You were lucky too because you did not store your bitcoin on exchanges that died in past bear market. It can be your luckiness or your right decisions to store your bitcoins with a good method, not on exchanges.

That is a very good pair and you can make some good amount of money when the market is pretty volatile. There are similar pairs like this one that we can trade too since there are different altcoins in the market with very good movements. No matter the kind of trader that you are whether you like trading on smaller timeframe or bigger time frame, you can always make profits depending on the capital you are using to trade.

I don't get you, do you mean that you don't you stop loses? Even the pro traders have learnt there lessons to always use a stop lose when trading in the market since we are not so sure what the market is capable of doing and how it will effect the bull run or the bear run. No matter how good you are in the market, you need to make sure you trade with stop loses to avoid a bigger mistake.

And many people use the same strategy, after all if you bought at the top or at least near that level then it is going to take years before you can breakeven, if that is the case then it is way better to just sell your coins and accept a small loss and then buy bitcoin near the bottom.

However there are people that went through this experience and they were still able to hold their coins and obtain profits during the next bull cycle, it is just that doing something like this requires a godly holding skill that almost no one has.

It's always going to be a losing battle statistically, if you hope to buy at the bottom to sell at the top, because Bitcoin is 95% in the bottom and only 5% at the top. Which is the whole reason of DCA being the most successful strategy. It forces you to buy at all instances, top or bottom, but results in 95% of your buys being at the "bottom" :)

The only thing about DCA is to set a target or to keep track of investment value (at time of buying) and to ensure you sell when overall investment return is up. Not difficult at all once you use DCA > 1 cycle.

Trading entails making active judgments based on signals, market research, and constant monitoring. When paired with other technical indicators, candlestick analysis assists traders in making better educated decisions. Trading signals provide particular entry and exit locations for traders. Without dependable trading signals, making decisions becomes difficult, and trading may lack a systematic approach.

What you said maybe the definition of trading or something but it doesn't necessarily have to follow all these to be a trader, like OP's strategy which is the most successful trading strategy buy and wait for the profitable days to come which can be very long term trading or can be called as investing but at the end its about making money not about who can say what is the actual definition. :D

Oh yes count me in mate. There are definitely more than enough people who are like us who are just trading to earn small profits and do not understand the sticks and charts. I have started to read about the trading patters in general for now. Just the basic stuff but I am not sure if I will go very far with that. The first case scenario is very simple, I am more or less HODLER of bitcoin rather than trading it for small profits and big losses. It is always or most of the time second case which would happen to me so I am always staying away from the whole trading thing. The only time I would trade is when there is high margin in between my entry point of Bitcoin price and the exit one. I would just book whatever profit it is and start my hodling process again. That's the only trading I can do with my bitcoin.

Even if you trade with small money, it proves you are a real trader.  ;)

Actually, it is also applied to other top coins such as ETH, BNB, ADA, SOL, MATIC, DOT, or TRX.
If you can't find the best price for selling them, just keep them on the wallets until altcoins season. We don't need to feel worried because they have strong fundamentals, the price will increase in the bullrun season.

Indeed. Bitcoin price increase seems a bit slow, its volatility isn't as high as altcoins. So, it is difficult to expect earning profits quickly by trading Bitcoin. If we want to get profits faster, altcoins are a better option, especially the top altcoins. Altcoins can increase their prices in a short time, specifically if there is good news related to its project development. However, altcoins are riskier since the prices can drop more significantly, too. The prices are easy to drop whenever there is bad news related to the coins.

Well, yeah, I guess I am just like you for going to maybe 2 years now, really been a while since last I traded seriously, though my trading doesn't particularly involve bitcoin alone, I Can buy or sell any crypto asset of choice, but then, its always the usdt pair for me as well , this help me keep good track of my gains and losses.

And by the way, trading the spot market isnt as interesting as trading futures, though the futures market is highly risky, but that is where real money is made from trading, professional traders have close to nothing with the spot market, every one is focussed on futures, I've always had a great time trading the futures market before I decided to take it slow and give attention to other important things.

Dependable trading signals don't exist, my friend. They are mostly scammers trying to lure a newbie into a tricky situation where they pump and dump their own shitcoins while they go in the opposite direction themselves. Trading is done by observing the market movement and then placing orders which lead to a net profit in the difference of buy and sell. There are signal groups but they are all scam
Remember that your loss here is another person's gain and this trusting someone else's word on trading leads to a loss.

Appreciate the charts and read the indicators but don't go for signals.

This place i highlighted is a kind of advise to your own self right, but dont you think is better to keep that decision to yourself rather than say it out here, because you know we have newbies who are still trying to trade the financial market and little do they understand what you are doing at your own end, probably you have made some money already to backup your method incase the market went really deep against you. And many newbies traders wont know this and probably will want to follow your step, because of the way you said it HERE

Depending on their signals, you will gain first but soon you will lose. Because they can not succeed to pump all shitcoins and of you buy up price when a coin is pumping, it can collapse instantly after your buying.

Those coins are not rising organically and they lack of real demand to keep up their prices. So when trading volume is rugged by those group signal operators and whales, prices have to be pulled back, more quickly than how they rose. Big red candles are similar seen on altcoin charts.

Read trading volume, volume profile VPVR. They show traces of whale activities and potential dumps.

You are absolutely right that most people choose altcoin for trading, and the main reason for this is that altcoins are more volatile than Bitcoin. An experienced and good trader can make a good profit where there is high volatility, but for trading also your choice should be among the good and top coins of the market. Some people start trading in new coins where their capital is trapped when the price suddenly drops. Therefore, it is necessary to have complete information and analysis about that coin before trading.

I think Bitcoin should be chosen for long term investment rather than trading. This is because you will need more capital to trade in Bitcoin. Whereas in altcoin you can start your trading with less capital.

Since i was bought btc for only holding but some time later i got skills about trade then really i enjoy it. There are lot of people here to choice btc only for long time investment and this idea not bad to me. This way very helpful for making profits with very low risk. But you have a best experience which time is good to buy and sell.

It's about a choice and what we all like, some traders preferred BTC/USD because it's the only pair that determines the move of other trading pairs, they feel trading such will help give them their goals unlike Alts that are controlled by some whales and cabals that control the market the way they like, bitcoin might also have whales that still control this market but the influence is minimal when you compare it other altcoins, this is why it's many traders favorite.

However, you should know that there is a draw back to how BTC/USD is traded, it can only be enjoyed when you have much money to trade it, you can't enjoy trading BTC withess than a $1000, any funds that is less than this amount will be a penny when bitcoin make a moves, but it safe to say that trading such pair is the most safest trade in the crypto market.

When you are new to trading,it’s good time to learn trading using your free time.The important one is you need to check,your credit card or debit cards accept by the exchange.Then buy some usdt using the exchange,then it’s easy to convert to bitcoin.The usdt was used to by more people to buy some bitcoin.Because the value of bitcoin was never changed,most of the time traders buy some usdt at the price dump time.

Bitcoin is undoubtedly a potential investment for long terms so if your intention is to hold it for a long time then it will obviously give you good returns. But it's not actually a good idea for any trader or investor to buy without analysis or just like gambling.

If you trade without analysis then it's like you are gambling. But holding for long term is another type of investment. But it also should have a good strategy like you can do DCA (Dollar Cost Avaraging). Anyway it's my personal opinion but it's very important not to invest like a newbie.

Is this your strategy? Then you Should better to avoid trading and only hold btc. Cause such way is dangerous for trading. Buying btc From peak may recover your capital durning bull session but till that, you Can't do any trade! Have you think about it? Thats bad idea, in my option. Bedsides real traders not only trade only with btc but also they take advantage with others potential coins if opportunity come

Trading, buying, or whatever it is was pretty dangerous if we don't have any tools used and proper knowledge. We can't just rely on our instinct here, though it can still be used but not to the point that this is the only thing we have on our investment or trades. It is good to know how the market works and the been aware of the situation, and using charts, candlestick, TA, etc are great tools needed in order to have profitable trades or investments which I see OP don't have.

Well, he is not a real trader as he said but even that, he needs to learn things like what I've mentioned if he wanted to improve.

I trade bitcoin just like you. In general, bitcoin is one of the most reliable units in the market. It breaks its own record by constantly catching a new ath in every bull period, and now there is a perception that even if I bought it from the top, there is a perception that I will go to a new record in the next bull period or, in the worst case, I can catch a exit from the price I bought. But this is not trade, as you say, but earning a small profit. In short, I trade with the same logic, and the flow is dripping.

A trader does not think like this, you are not actually a trader you are talking about holding bitcoins. You may not know how important charts, candlesticks, stops are to a trader. Basically you are a careless investor who has no ability to find the best time to invest. No one would have been so surprised if the inexperienced newcomers to the crypto market made such a statement. But everyone is surprised to hear such experiences from crypto users like you. However, you have mixed holding and trading in one place. You are more interested in holding, so think of yourself as a bitcoin holder rather than a trader.

Yes when we only focus on Bitcoin for me it's like throwing away the opportunity to make a profit,
Bitcoin is better for long term investment and in between times we also need to look for potential coins,
even so it depends on the individual's decision.

The OP seems to be still confused about what strategy to use. When relying solely on Bitcoin to trade, it will give a fairly long return.
It is necessary to diversify assets to trade on other assets that have the potential to rise faster.
Just need to see the volume of coins that are higher and are hyped so that price movements are faster.

Traders will find profit in every price fluctuation, but long-term holders will only buy when the price is cheap and hold it until the main target price is reached.

Whether we accept it or not, there are more and more people investing in altcoins because the chances of getting a really good profit in the future are high if you know how to choose or use legitimate altcoins in the market.

But if you don't know how to recognize potential altcoins in the market it will only lead to losses in the end as if it appears that you are just gambling that you rely on the odds or you get lucky that a trader should not be like that.

Ugh actually you are a trader maybe not just a full time trader or something....

Amount of money you make from trading won't disqualify you from being a trader.

Early on when crypto was getting established, buying bitcoin without the need to know how to read charts was not really something you could consider and you would get away with it and be profitable, but as times have changed its imperative to ahave these skills to get ahead of the game.

My advice spare some time to know how to read charts and alike.

Be it trading or anything one has to do first in cryptocurrency must be begin with trading, you can't just jump into any coin and go ahead with your investment on them all because you wanted to have a trading experience when you're not knowledgeable enough in it, when bitcoin becomes our fors priority digital currency then we will know how to follow the learning procedures gradually and get used to it, then begin the trading without a waste of time than trying to risk other crypto currencies we don't know about for an investment trading.

Dear Mate actually for trading you have to learn more. Without proper knowledge could not possible continuously profit. Some times profit is not good for your fund. You invested on Bitcoin it is great. I think if anyone invest on Bitcoin he will be profited today or tomorrow. But for trading you have to gather knowledge about trading and you have to gather knowledge about fundamental annalists and technical analysis. And you have to know about cryptocurrency market. Then you will able to profit contentiously. So i will advice you to learn more and more about trading and market analysis. Or you have to invest and hold for long time foe next bull run market.

Present Sir (haha), well but there is a small difference between us, which is currently i left this strategy of following my mood and instinct because it always stuck me with loss and the second difference is, when i used to follow this strategy i did not trade in BTC, i traded in ALTs, which makes it more difficult for me to wait because then there must be an action to take.

Like, stop loss/profit is necessary to put, plus these types of trades will always bring loss (well mostly will) but it also depends on your luck too, like sometimes we got lucky and earn more profit but sometimes not. So, it is better to follow the fundamental and technical analysis.

I think you took the context of USDT wrong here, as OP tried to say, he prefers to trade BTC/USDT pair because in USDt it is easy to count them as we all know, counting become easy when the numbers are not in decimal form. I think you are referring to USDT buying through CC which I do not understand, came from where in this conversation.

what I read from your post, you don't have a definite goal between trading and investing. the two should be separated, bearing in mind that daily trading does not always have to make a profit, sometimes there are also errors in analysis, and our job is to minimize risk when wrong in analyzing. if we have the initial goal of trading and the price goes down, we don't cut losses, over time we become like investing, so there is no daily income, even though by trading we are trying to find regular income, as the term trading for living

I wouldn't suggest or recommend anyone who is new to cryptocurrency to purchase USDT or Bitcoin as soon as they join an exchange, but they should first learn how things work around here, they can start by learning the basics of cryptocurrencies and then move on to trading and learn its basics and how the platform being used works and how they can buy and sell and place their orders and where they can check their balance, etc.

Once they learn all that, they should practice using a demo account, and they should only enter the market with real money once they think they are totally ready for it and that they can manage their trades well and won't just give away their money by making a bad trade.

They must prepare basics before they join this market. Scammers always exploit weakness in human psychology and if newbies don't understand basics about on-chain transactions and rules in peer-to-peer trading, it is very risky for them to deal with peer-to-peer trade partners who can be scammers.

If they withdraw coin from a centralized exchange account and the trade partner tells that did not receive the coin payment, and request that newbie to initiate another transaction, they will be scammed.

So understand about blockchain, on-chain transaction, block explorers are very basics before they invest or trade.

They can register accounts and practice demo tradings on [LIST] Demo Trading Platforms (https://bitcointalk.org/index.php?topic=5354815.0)

I agree with this, it is going to be an easy way of losing money if you start trading without first getting a good information and that's very crucial. I think it is quite important to remember that it is not going to be that much of an important thing if you just spend some time beforehand.

A lot of people are still seeing the situation as "easy to make money by trading because a lot of people did it" but just because some others made it look easy doesn't mean that it will be easy for you as well. It is quite important to make as much money as possible by focusing on what you could be doing yourself and the amount of money you could make from it. Just study, learn, be better and then you could do much more profit later on.

Successful examples of other traders always seem simple, but in addition to successful trades, they had many failures that they experienced and were able to draw the right conclusions. Trading requires good knowledge and the ability to analyze, monitor the situation on the market and keep abreast of the news. It's all hard to understand at first, but as you practice you'll understand more and more. There are very few successful traders, this is true, this activity is not for everyone, so if there are no good results for a long time, you should not despair and it might make sense to try your hand at investing, according to the experience of users of this forum, investing is almost always more profitable than trading on long distances.

USDT was invented literally for that reason, and I can see why people would prefer that over anything else. It would be a smart decision to follow it up in dollar value as well because that is what the world is using these days and the more dollars you have the better, doesn't have to be in dollars, you could have bitcoin but the value of your bitcoin going up in dollar is still a good thing.

At the end of the day, when you want to buy something then you can do that with dollars, so you need to have more of that. There are a lot of people who end up with some mistakes here and there, but that doesn't mean it would be a bad idea, just do what you want to do and you could make a profit if you do it right, that's the key.

Yes, altcoins are more volatile, so the prices are easier to move significantly in a short time. Trading expects the price move in a short time, it is different with investment that target the price change in the long run. Although Bitcoin price change looks more convincingly, but it takes a long time to see a significant change. We all know that halving is one of the factors of significant change in Bitcoin price. The halving only happens every 4 years, we need to wait for 4 years at least for the huge change. While for altcoins, the price can increase suddenly when there is good news related to the projects of the coins. But since it is related to the news, the is also bigger risks for a huge drop.

Indeed. Bitcoin is more expensive, we need a bigger amount of money to earn sufficient profits. While altcoins are cheaper, it is possible to earn good profits with less money in a short time due to its big volatility. However, the strategy is the main factor to determine how good the profits to earn.

Yeah funny, I used to be like this long time ago but not anymore. I have told myself that Trading is not my thing anymore and I am better off with the Hodl of bitcoin. For this very reason whatever I am buying these days goes straight into my hardware or paper wallet and I am more than happy to hodl it like that. As you mentioned, when you lose your money on trading pair, all you do is hodl your bitcoin and don't sell them until the price bounce back. In my case I am just skipping all the trading buzz and going for buy and store it. :-)

I also tried to learn the trading a lot but failed every time and each time. I am not saying I made zero profits, but I made more when I am just doing dollar cost averaging. This has lot more impact as compared to wasting my time on TA and understanding the future pattern etc.

It's very difficult to keep holding after you just bought Bitcoin and it starts going down.  It happened to me recently,  though it wasn't that bad.  It was just before the period network fees skyrocketed. BTC was about 27k or thereabout.  The next day it started going down and down. 
You know that the price will still rise,  but you can't help but feel uneasy.  It takes a whole lot of control not to sell at a loss.  Part of what made me not sell was because I occasionally have a few positives from the fact that price was not just constantly going down,  it increases by a few percent from the to time,  but ultimately the rate at which it was going down was worst.  Luckily it didn't last for a very long time. 

The thing you have explained look like it's some how holding, and I hardly believe that it's a good technique for any new investors in crypto who are not familiar with such kind of things, as I know it's almost impossible to predict the exact next move of Bitcoin price or any other coin so why not you should try to Use DCA, because when ever you taught that it's Bitcoin bottom and you bought while later it dump hardly about 50% to 80% more, So to avoid such kind of loss you should buy small small amount of any of your selective coin at every dump and after that one small bullish candel will benifits you high.

What you are doing is not 100% trading but in fact you are just applying the DCA approach to your bitcoin so you are ultimately a holder, not a trader and that is what I can decode from all that you have said, bitcoin is the most suitable asset to hold for long term and USDT is the most suitable stablecoin that you can apply it cost to your bitcoin holding and profits taking approach.

I don’t know whatever you are doing, it is really a Trading or gambling! As you already admit that you don't know trading that means you just buy or sell whenever you want, thats more likely a gambling. I don’t think you can continue thus process for long timd cause if bitcoin dump you need wait for long time and sometime if you make profit with usdt, it doesn’t mean you make profit. Actually its about bitcoin amount! Is that increased or not! I think learning is more important. So try to learn and practise with demo account. Now your wish, do whatever you decided better for you

Yeah, your right. In fact, even asking traders and even me, I was seldom using the BTC pair in trading because it was not really profitable unlike when using altcoins. of course, if we are talking about holding, Bitcoin is the best option to take but if we are trading, we can't benefit from its volatility which is why altcoins seem to become ideal when it comes to trading. Well, we also have to consider a thing that we live comfortably because this is also a big factor that would affect our decision making.

But this cannot apply to all altcoins, since there are quite a few that have shown the worst results compared to bitcoin at the moment, if we evaluate it since November 2022, when bitcoin reached its ATL. Therefore, Bitcoin also has a very good potential for trading, but everyone will decide for himself what is best for him. Maybe some altcoins are really good, but you have no guarantee that you will choose the right ones. I think that bitcoin can be good for both long-term investment and trading.

I was like this last year. I didn't learn basic analyzes for crypto trading. I just entered and waited for the right market moment with instinct at that time. And I also do it only in BTC and ETH.

But recently or this year I started taking things seriously. There is an acquaintance who motivated and inspired me to learn more like himself who has become a reliable trader. But now I realize that learning crypto trading is not as easy as it seems.

I was actually perplexed about what the OP wrote, this is certainly not trading, it's not instinct trading as well but a pure gambling. Or what else could anyone call this approach? I would have even thought that he's an ardent hodler but for the narrative that he still sells his coin at ATH. The question is how does he know the ATH itself? No one does as the market decides that on its own and people get to know after several activities below the level.

Only a good higher chart speculation could later reveal that a reversal is underway or has happened. This is only when a real trader knows the right time to opt from it if they want to. But the explanation of the OP states otherwise.

There's nothing wrong with it no matter how big or small consider yourself as a trader because you are trading a coin into different assets, bitcoin is the mother of all coins, and people consciously use this coin for daily transactions, it could be for the use of payment, trades and etc. that cause the market volatility and also the bitcoin ahs a lot of pairs so expect that there's a price movement with it, people always want to trade because they want to get ride with the price of the market even a small trades can be considered a win.
Seems like you are trading base on luck which is not ideal not all the time its good consider an investment with your knowledge too so you can prevent to lose more money even its a small amount still consider a money.

Dollar price not stable yet with my local currency convert actually last two months drop almost 5%, but its not hasn't good choose when trading except with stable coins between USDT or BUSD. I agree with OP opinion focus trade with Bitcoin only because get chance recovery to higher price in short term than altcoin. My portfolio right now many kinds of altcoin holding after buying on higher price, almost several moths ago waiting for altcoin price recovery but looks need more patience.

Not the same with Bitcoin success wake up to higher price without waiting for long term, have dropped until $15k and Bitcoin price right now have been up 100% after raising to $32,000 last highest price in this month. Regarding my experience loss investment in altcoin, for the future I have decision trade with Bitcoin only and not interested yet trade with altcoin.

It's definitely not easy, but also it is not easy to see your money dwindle and nearly become nothing by investing at the wrong things. Of course if you invest just into bitcoin and ethereum that means you are not going to lose money unless you sell when it goes down. That means as a long term investor you would make a lot of money if you just keep waiting on it.

However there are a lot of people who would not be a big deal, they are just doing this because they think they should and that makes it work very well. In the end, we are talking about something that would be a big deal when it comes to trading as well, and your friend is right, if you take it seriously then you could trade anything and make a profit if you know how to do it.

Start trading without having proper knowledge, will make you looser most of the time. After reading your post, it sounds like you are more than a bitcoin holder than a trader, who open trading randomly when willing so without following any instructions or strategies. As bitcoin is safe investment, so you don't care if price go down cause you can wait 1 or 2 years till bull run come and recover everything!  That isn’t sound wise to me. Rather learn about trade and looking for all possible currency what could make you profitable

I guess what OP does is Spot Trading. That type of trading is very friendly to those who are begging traders because what he has said, he won't lose any money unless he sells his position in negative.

There is nothing wrong with that. In fact, there is an advantage of using real money trading because you will realize sooner the pressure of trading especially on the side of psychology where most people mess things up.

Also, there is nothing wrong with being a holder. That is the consequence of having the wrong analysis and that is a normal part of the game. What works for him does works for him and made his money and that's what matter.

Dollar Cost Avaraging! May profitable for some fields but buy sell doing trade staking and all those things need to know properly before starting. It is always mandatory to have knowledge about market, how it market get effected during good news and bad news, using of indicates, understanding candlesticks and all those things are very need. Otherwise some process may give you temporary benefits but when market will show you its cruel face and you don’t know how to face it, that time You'll realize the meaning of trading, meaning of life

You suggested well that it is the cryptocurrency market where trading is difficult without learning and knowledge. Of course it is very important to know about the market and especially about the things that affect the market more. Since Bitcoin is considered to be the most reliable currency in the market, he trades in Bitcoin without experience and knowledge, and he invests instead of trading. If the market goes down, he does not sell it but keeps it. Of course, investing in Bitcoin is considered safe, but it's not meant to be an entry you can take whenever and wherever you want. Only a good entry can give us good profit.Otherwise no profit can be expected. Choosing a good coin is not enough.

I think it will still depend on the coin that we choose because what if it's a scam, or it got weaker later on? Our DCA will only be useless this way. The same goes for trading and staking a crypto. Obviously we need to familiarize our selves first about them (the activity) before we proceed, so that we can minimize our risk of losing.

As far as I know, indicators and candle sticks are only being used in trading (not in staking or in investing). Trading must have a different approach during a gloomy market but in investing or staking, I think the only thing that we can do about them is to stay calm and continue holding till the storm has passed.

To be honest, this is also what I do to invest and trade in BTC. Just relying on instinct, even though this is wrong but one day I can benefit from it. BTC does not need to learn much to analyze charts, because BTC has the potential for long-term investment. All we need to do is buy and hold it until waiting for the halving moment to arrive.

Yes, that's right, crypto trading, especially altcoins, really requires strong analysis and more knowledge. Because you can't be careless in trading because this can make you lose a lot of money. Apart from learning from friends and sharing online media about trading, the most important thing is to educate yourself. Don't buy crypto before knowing the fundamentals, if necessary, use a demo account first. Then when you are consistent, start trading with real money but with small amounts first. Because for me, besides BTC, you can't just rely on instinct.

Trading in bitcoin can indeed be said to be quite safe. Because even when we buy and the price goes down, we can still hold it in peace and just wait for the next increase. And we can even make it a long term investment.
In contrast to altcoins which do require a more thorough analysis. And yes, you are right that we should not buy altcoins carelessly before we really know the fundamentals of these altcoins.

And trading in altcoins we really have to master all kinds of analysis. Even financial management and risk management are also needed in this trade. The point is trading in altcoins has a very high risk. Because if we buy and the price goes down. then maybe the price will not go back up. Because many altcoins continue to experience declines, even exceeding 90% since they were listed on the stock exchange.

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

This is not active trading, i would call this passive trading. i would like to know if you bought bitcoin at the last top and how do you feel seeing the dollar value go down from the ATH? a lot of people wont want that i believe. this kind of method feels to me like someone who is just buying BTC in bits with little funds anytime he feels like. there are many people doing this as well. for me i wouldnt like to buy at a top and then the dollar value keeps going down. if i decided to do long term hold then i would do DCA at different prices so it will reduce the number of waiting period. 

That's simple and basic advice for all traders: buy when it's low and sell when it's high. These golden words are for remembering when you enter the market, even if you're trading out of curiosity. Even if it's a stable coin or Bitcoin, you can assure profit just by following this advice and doing some research on market trends. You can follow your own guts and instincts, but are you only depending on that or going to check reality as well? Just think.

You say this as if it's that easy, if it's indeed easy, I'm sure that everyone must have been getting rich in Bitcoin by now. Trading is easier when saying but practicalizing it is the issue. You can try to learn and learn and still not get to make any reasonable amount from Bitcoin, which is why I say that Bitcoin is risky just like any other listed/traded online assets, it's only a few people that get the money out of it. It's better to invest/hodl rather than trade, this at least will limit the emotion and stress in trading as it only entails putting the money there and walking away for a long duration of months, if not years. But in trading, you have to speculate regularly and get to protect your portfolio with the right plans and management, but in most ends, the trader gets to lose.

its all about taking advantage of the ups and downs of bitcoin , basically getting that margin from the price swings.
with bitcoin the swings are quite frequent unlike any other investment instruments, even more frequent in altcoins which of course sometime the swinging going too far it just lost its value.

when it comes to trading indeed bitcoin and cryptocurrency in general are really good for that purpose, because fluctuation still prominent.
but we need to know that in cryptocurrency there is trend, without knowing trend we might be forced to cut lose.

A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky.

Having technical and fundamental knowledge is important if someone wants to make a career in trading. Understanding your risk tolerance ratio and your money management strategy is equally important. If you have strong fundamentals in all of these then you can trade any asset in any market. Market behavior is different for every asset but their price action and chat analysis are similar in some aspects.

In fact, I think Bitcoin trading allows for short-term profits because its movements are fast enough to allow anything to happen in a short time, in contrast to Altcoins.
However, in whatever trading we do, we must have knowledge about it first, because it is impossible to make a profit in Bitcoin trading if we don't have knowledge about trading.
And regarding the level of risk and security, no one doubts that Bitcoin is currently the safest choice because the possibility of recovering and increasing the price of Bitcoin is very large and it cannot be compared with Altcoin trading, every risk will be proportional to the possible profit that will be obtained .

Definitely he does spot trading otherwise his balance were empty as he don't have sufficient ideas to manage the trading properly. And it maybe only okey for op cause i guess he has extra money for trading as he mentioned he could wait till the next super cycle bull of btc and which is unpredictable
during trading, a person always need to apply knowledge to prediction the next moment. It may goes wrong for them who have knowledge but there'll be a more chance to trading goes wrong for most of the time who don't know anything like op. It is also responsibility for a trader to know how to manage his balance and protect it, have sufficient ideas to survive

Are you not wrong with the statement, that Bitcoin allows to get more Profit in short term?
In fact, the movement of Bitcoin is not as extreme as Altcoin and this depends on how the volume of bitcoin and the trend occurs.

For the last few weeks, Bitcoin has been sideways and there is no significant movement.
What fluctuates faster is altcoins that are hype and still new, it provides faster profits and also faster losses.

Bitcoin is more likely to sideway when there is no drive and FOMO.
And see yesterday when there was news about ETFs that turned out to be fake, it made the price of bitcoin jump and also dump instantly.

Bitcoin in my opinion is better for the long term, because I am targeting the upcoming ATH.
For scalping or short-term it is better to choose altcoins with large volumes that will have faster movements.

you can have this if you can afford to keep holding if the trading goes sideways and yes it is the practical and safer way but those who uses altcoins are mostly those trying to hunt from day to day basis of earning so they cannot use Bitcoin
because of its slot moving attitude.

actually I can feel you, though I use Chart sometimes  but i don't have a deep knowledge about those sticks and etc.
so yes like yours mostly II am buying bitcoin so if ever the price goes differently then what I'm going to do is Hold and wait for at least moving up again.

Buying high and selling low isn't necessarily a bad thing. It's more like an investment strategy where you buy and hold until the price goes up. Since you're trading only BTC/USDT, it's less risky. It's best to stick to that pair because adding altcoins can expose you to more losses. I think you should explore trading a bit more and learn the basics. You'll do great! 📈💪

This depends on how you are an expert in analyzing bitcoin itself, it needs to be understood if a trader who has professionalism in analyzing one asset then he is focused on one asset to trade, so in my opinion whether or not an asset is good for trading is dependent on you knowing the characteristics of bitcoin itself.

Suppose if you are more familiar with the trading that you do more on ETH and you are able to analyze it well so that you can get a better profit when you switch to trading bitcoin it will definitely be different, although market movements follow bitcoin but there are differences between the characteristics of price movements in bitcoin and ETH which for me personally in trading more often get profit in bitcoin.

So the conclusion in my opinion, depends on you knowing more about the character of the asset movement.

If you see you invite me to talk about fundamental views, bitcoin and ETH are worth trading.

If we talk about the risk of loss, trading in Bitcoin will indeed have a lower risk. But the profits obtained from trading bitcoin may be small. And larger capital is needed if you want to get maximum profits.

But yeah, just like OP said. Even if we initially intended to trade. But after making a purchase, the price turns down, which makes our portfolio minus. Then yes we can calmly switch from trading to investing. Well we just need to hold it until the price goes up again. At least Bitcoin always returns to their previous ATH peaks. And even exceeded it after the halving. But if you want to become a daily trader, it seems like Btc/usdt is not suitable at all. Unless the market is volatile where many events are happening.

for beginner, it's good to go with spot trading which is safer option than others trading while doing future trading by taking high leverage with risk which could be reason lose the portfolio due to making one single mistake. So good to practice spot and better to be comfortable with it   that is the reason why you should learn about indicators and have some technical knowledge. Some successful trades didn't mean you can last long in thus field. Although loss could be happen even after having knowledge about those things but in that case, those kind of knowledge could help you to minimize the losses amount. And it's a good decision to trading with bitcoin while others altcoins are much volatile

It is important for us to have a good strategy in trading and investing because if we do not have a good strategy in trading or investing then it is very unlikely that we will be able to get a profit from the investment we are going to make. Choosing to trade using Bitcoin will certainly have a smaller risk compared to altcoins because it is very difficult to make a choice on altcoins to make a profit. You are right, it is important for those who start trading to understand trading well so they don't experience a lot of losses from the trading they do.

All you are saying is that you are trading on a luck basis and I just concluding that your lunch is too good. This is not actual trading according to me because trading involves long research about market volatility, knowing about the signals, and studying the candles, but you just buy and leave it for some time and then sell it at a profit and I am telling you that it is your luck through which you are still did holding, investing in Bitcoin when it is in the dump, and then selling it when it is on pumping. Holding is also working the same buying at the dump holding it for some time and then selling it when its price is high. As you mentioned you did not care about the signals and candles and you are new to trading, so holding is best for you, keep it and don't go to another strategy until and unless you make yourself an expert in trading.

Most beginners misunderstand the whole concepts, they don't know the risks involved with futures trading and they have only seen profit screenshots from YouTube channels or in social media groups where people most screenshots of their profits and don't do the same with their losses, which makes newbies think that there is a lot of profit in this and they should do it as well, but they don't know the actual reality which is that one with enough knowledge and experience can achieve that and not without any knowledge or experience.

So, what they do is simply take their capital, watch a tutorial about how they can start and start trading in futures market without learning or anything, and they also join signal groups so that they can get signals and use those signals to make trades which is another mistake because those groups are created only to earn money for their creators as they charge money for joining.

Correct. Bitcoin may produce less profit but it is actually very good at reducing the real risk of risky trading. I'm sure with your patience you might be someone who can be successful in trading as long as you don't rush into it because many people fail because they rush to become rich.

So what about people who trade every day to make a profit? I don't think they're in a rush, although I'm sure trading isn't their main source of income. but some traders do day trading for some profit. they are not people who rush, but they do it with their skills and experience when trading.
people in a rush to get rich should know that Bitcoin will not provide that. they should look at how the price of Bitcoin has grown throughout history. so they will know how they can profit from Bitcoin trading.

I mean, it's not really an instinct not to sell your bitcoin hodling when its price is going on the opposite way you wanted it to, it's a natural response when you don't want to lose anything, so you'll wait for the next all time high price. And I don't think that not following any basic fundamentals in trading will bring you to a level that you make a lot of profits in trading, especially in futures trading.

Almost everyone starts trading with the intention of making a small profit so that he accumulates a daily income. But I think it is wise for you to trade this Bitcoin, because it is very low risk and there is no chance of losing money. If you trade in altcoins other than Bitcoin, I think it's always risky and there's always the fear of losing money. I have also traded many times and lost money but if I had traded it in bitcoin I might not have lost money but I mistakenly traded altcoin and lost. Moreover, there is no need to worry about trading in Bitcoin as we all know that once it falls, it will rise again and its price will increase. But when an altcoin dumps from highs to lows, it has very little chance of going up. That's why I think Bitcoin is a good coin to invest and trade that will pay and secure a person.

It's more about your confidence when accumulating BTC assets, even when the price drops, you don't rush to make decisions. It's almost similar to my approach, but all my decisions come from the amount of money I have. If there's extra cash, I buy Bitcoin...if not, I don't. And I haven't sold it until now.

I have a target, maybe until it reaches the equivalent of 0.1 BTC, and I'm waiting for the next ATH before considering selling. This is still in the experimental stage, so I can't guarantee if it will work or not because my emotions easily get influenced when the BTC price rises by just 10% or 15%... I tend to be too eager to sell

Profit is profit, if you are consistent enough and disciplined you could even consider that less profit from Bitcoin to be huge. If you rush your way in the crypto industry, for sure you won't even survive long in here. It will just make you pressured as you are too focused on your goal which is to be rich, than learning in the process and every mistake to be part of your development journey in trading. Just think of the persons that has been trading for years or decades, some of them are already successful but mostly for sure are still in the progress of becoming rich. You cant rush something that you understand, that's why we can observed that from learning courses would literally need to be years, which I think is applicable to trading, invest with yourself first with knowledge.

They won't lose bitcoin if it's a spot trade, but they could lose value due to its price volatility. On the other hand, traders will lose everything if they choose futures trading, because the risk of liquidation due to price volatility is very high. Of course they can minimize the risk by setting a lower leverage, but the risk of liquidation is still there due to changes in trends or something like that.

In my opinion, trading bitcoin on a low budget is very illiquid. This is not just an assumption but a fact because of the high value of Bitcoin. I wouldn't trade bitcoin if my budget was only $100 - $500, but altcoins tend to make more sense. For bitcoin, long-term investment is a good plan to have.

I am also a huge fan of trading Btc cause it is much more easier to trade than many other altcoins, it has a very good structure from both its higher timeframe going down to the lower timeframes making it it simpler and easy to trade. One other advantage is that it has more liquidity than any other trading pair in the crypto-market.

You mean you like trading Bitcoin? Maybe what you really means is normal P2P trading not the future trading. Future traders are one of the high risk takers because the future market is all about predicting on what will happen in the future whether Bitcoin price would high or Lower. Severe loses can be attracted in this kind of trading that is why those that are not skilled are not allowed or advised to go into future trading. The risk and loses can be more severe of the market price become too volatile.

If you don't have that much experience in trading then I think you won't be able to profit, however you must have gained some knowledge about the market. But I like your move because Bitcoin trading will be profitable without ever fear of losing money. USDT is a stable currency which will not give you profit, but if you buy Bitcoin it will surely give you profit. But bitcoin can give you enough profit, and we know that bitcoin will never collapse like altcoin. Rather, if the price falls after buying Bitcoin, it prepares to go higher later on, which helps a person make a profit. That's why Bitcoin is the best investment and trading, so I think it's best to invest and hold. There is no need to lose patience when buying Bitcoin if its value goes down because it will be ATH again and again. As I'm not that knowledgeable about trading and don't trade like that, rather buy and hold bitcoins I want to hold until the bitcoin market is ATH. So I like investing and holding more than trading, and I like your point very much.

I think that all coins has their own bad or down times but BTC an be able survive longer than them, so even if we say we can earn less in BTC, at least it is going to be consistent. And if we calculate that all, our profit will still be greater than those coins whom we think can give us a better return.

Another good thing is like you said, it can reduce our risks. The OP might have a long patience but that wasn't enough in order to be successful in trading, although he admit that he wasn't a real trader, which is true, based on how he act. He only looks like a semi-trader and then an investor at the same time. I think those who rush are not always wanting to get rich, but they only like to earn some profits. Once they get it, I guess we can still say that they are successful.

You are doing DCA, which is short-term strategy which help traders to Dollar cost averaging, lower the amount you use to pay for investments as well as it having minimum risk. Now Bitcoin market is good and keep improving with time. And then market will go up, everything will be profitable but during market, that become hard. But without any trading idea, such steps are increasing risk to your money. It okey to keep learning while practicing but need to be aware of how to avoid maximum risk

If you're referring to the OP, I don't think it's exactly a DCA strategy. Yes, there are many people who trade Bitcoin using a similar approach to his. But, this is often referred to as "buy and hold" investing. The idea is that Bitcoin is a long-term investment, and that it is more likely to go up in value over time than it is to go down to zero.

  In the first place, you know that you are not really a true trader because you have no idea or knowledge of the basic things about trading that are called, and neither of you know anything about the indicators that are also used in trading; at least you admit it.

  Therefore, in your current situation, it is clear that you are not really a trader in the Bitcoin industry. Instead, you are a long-term investor in Bitcoin, because if you are a trader, you should somehow be doing short-term trading activity so that you have the opportunity to learn the basics of trading, such as the use of tool indicators here also doing technical and fundamental analysis as well.

Bitcoin is the coin which will give you happiness always specially when you buy at a low price and sell at a high price but in my opinion about bitcoin is that if a person has extra money he should invest in bitcoin buy the bitcoin in parts because every year bitcoin change his price circle whenever bitcoin found in low price just buy it no need to get knowledge no need to trading expert signal just follow the same strategy you will be success

What do you mean by buying high and selling low is not a bad thing? Think again. If you bring bitcoin to a certain price and it suddenly goes down, what do you think will happen to your bitcoin? Of course, the price decreases. In the same scenario, if you enter into a trade in bitcoin and the price goes down, your equity decreases. Equity means the amount of money you deposit and the margin. If the equity goes to zero, then you will lose all your capital in trading, so buying high and selling low will never be a good thing. But I do agree with you about not doing altcoins during a trade with bitcoin, as it will also partition your equity. If you have limited equity, then trade only one pair, and as long as it is open, don't engage in another trade.

As per the OP's strategy in trading, maybe you are beneficial in what you are doing without proper knowledge, charting skills, or whatsoever skills needed to trade and only relying on instinct and emotion. Then,  a piece of advice that is too risky is one wrong move, and it could cost all your capital, so don't be content with that.

As Bitcoin is the coin for long term investment, so it can be most suitable for trading and holding too... Besides it has many facilities, for an example, when start trading with others centralized altcoin, that could be manipulation and can be controlled by team whom have holding huge supply of that altcoin. Even can be down to zero. But there's no such possiblity while you are trading with btc. Even you can hold for long time and there is surety that, it'll recover

Truly there's less risk involved in the OP's method to really compere it with gambling, because it can be somewhat compared to investing, because he holds the bitcoin, and waits for the perfect time when it's profitable to pair it with USDT. Although I still think that there is need for him to learn about the fundamental and technical analysis of trading, this can be helpful if perhaps he gets the interest in the future to take a step further into real trading.