As I see it - whales do money if it is dipping, and if it is going up
There is no exchange with my fiat that I could win in daytrade.
I bought btc back but I see it will dip for sure - but at my exchanges there is so low volume and bot manipulation that even If i sell and buy back at night when it will be low - still I wont be +
And no one here have shown me any good reason/evidence that Hodling = winning
If you holdl from january 2013, you make about a 1000x in 5 years.
This is a good reason/evidence.
So you want to say that Bitcoin will never drop? Please in whole history of stock - find me company or anything that never ever dropped? Please
Sorry but I am not rich - no one gave me anything. Right now I will try on 0.175btc and HODL not looking on the price. If it goes up for uptrend I buy more. If it goes down - oh well that wasn't so much.
Maybe you have just described why you are such a fucking loser?
You are too scared, you lack confidence in bitcoin and it looks like you engage in the opposite practice of what you should be doing.
You seem to be buying on the way up and selling on the way down. Instead you should be buying on the way down and selling on the way up.
I actually do this, but I don't understand why "buying on the way down, selling on the way up" is better than vice versa.
Right now, I keep a base/starting value (edited occasionally) for some of my coins, and if the price increases by "x" amount, then for every "y" increase after I sell "z" percentage of my gains at market value, and "z" depends on bull or bearish sentiment that I feel.
Similar principle for buying on the way down.
Why is this better than doing the other way around though?
O.k. You say that you are already doing the right thing, but you do not know why it is the right thing because you have some kind of inclination to do the opposite?
Actually I will concede that I believe that a large number of people are inclined to do the opposite of what they should, and that is to buy on the way up and to sell on the way down.
I think that if you really believe in the underlying fundamentals of an asset or you believe that in the longer term that the asset is going to appreciate in value, then you buy on the way down and you sell on the way up because you are trying to accumulate more and more of the asset, and you are also trying to protect yourself from downside volatility. Your formula for how much you buy on the way down and how much that you sell on the way up will likely need to be tweaked, somewhat, towards your views and finances.
For example, I first started accumulating bitcoin in November 2013 - however, perhaps I was lucky, to some extent, because I merely considered myself in an accumulation phase of bitcoin, and even though I knew about the sell on the way up concept, I was so busy attempting to accumulate bitcoin that I never sold any but merely continued to buy on the way down for nearly two years (and also including some dollar cost average investing into that practice). So, there was some luck in my system, because bitcoin prices largely went down and were flat during my accumulation stage.
When I first started trading bitcoin in about October 2015, I started out by authorizing myself to sell in fairly tight price increments, because I was trying to get a lot of practice. Those selling increments added up to selling nearly 2% for every 10% price rise, and I was attempting to accomplish a couple of things. 1st was to accumulate money that I could use to buy back during what I considered to be inevitable price falling from time to time and 2nd was to hopefully (at some point) have accumulated some money to just completely remove from the investment. With the passage of time, I also figured out various things about my own risk tolerances and what kinds of practices were suitable for me. I figured out that I have to attempt to set intervals and amounts that would not cause me to be inclined to change them very much because they already accounted for the market outrunning my expectations, and also I developed an inclination to have buy orders that were already set up to automatically buy up to a 30% price correction (and then later the amounts got to be greater and greater, and today for me, such automatic buy order presets go down about 85%.
Another thing that happened with the passage of time is that my increments between my sales spread to be bigger and bigger (and even a larger percentage apart from one another) but I was also selling less of a percentage of my whole BTC portfolio, so instead of selling nearly 2% of the value of my total BTC portfolio for every 10% price rise, currently my rate is still above 1% for every 10%, but is projected to lower to below 1% sales for every 10% rise in BTC price. Of course, I am not locked into this and I can either tweak the method or I can make a large lump sum move, if i determine that to be prudent at any given time.
Yet, with the passage of time and practicing my own system, I have also learned that it tends to play out much better if I just try to employ it like a robot rather than trying to guess the market in any kind of way.
I think that the reason that this kind of buy on the way down and sell on the way up system works better than the opposite is that you are much more likely to sell some at the top and buy some at the bottom than any kind of attempt at timing the market system. Don't have to think about it or get emotionally involved and the main presumption remains that you are overall long term bullish about the asset in which you are investing in order to feel some level of assurance that in the long term your system is going to be profitable.
I actually do this, but I don't understand why "buying on the way down, selling on the way up" is better than vice versa.
...
Why is this better than doing the other way around though?
If you do it the other way around, "buying on the way up, selling on the way down", you would be buying on the higher price and selling on the lower and be in a loss. Isn't it obvious? When you "buy on the way down, sell on the way up" you actually have a profit at every cycle.
or in other words, this^^^^ - saying the same thing as me but with 10,000x fewer characters.
Poll
