Any long term HODLers increasing the BTC stash by trading?

[lukaexpl]

I am a long term HODLer and believer in BTC.

I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.

Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.

[Yuuto]

I am a long term HODLer and believer in BTC.

I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.

Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.

I think that it should be crystal clear to anyone that bitcoin prices always come in cycles, and block halving is the start of each cycle. Usually you see that bitcoin activity drops dramatically around 1.5 years after the block halving, nobody talks about it, mainstream media goes dead, price is just stable-ish. THat's the right time to buy. Take a look at google search trends: https://trends.google.com.au/trends/explore?q=bitcoin you'll see each halving brings a new round of enthusiasm, topping the last.

So, if you want to start trading as well as holding, then the logical thing to do is to buy in between halvings when price is low, and sell around 1 year after the halving when the hype is the biggest.

So i suggest that if you're a long term holder, hold at least 60% in bitcoin under all circustances at all times. Use the 40% to trade only.

[HI-TEC99]

I read that only 10% of Bitcoin traders make a profit, the other 90% make a loss. You could try test trading using pretend coins on paper, but it's different when you are gambling with real money.

[pawel7777]

Timing the market can be a real bitch. It's easy to look at the past price charts and think "I should've sold on that spike and buy back on that dip", but doing it real-time is a whole different story. You'll likely get burnt on bull/bear traps eventually.

But if you're tempted to try, why not set aside some round amount in a cold storage and play around with the rest, either by speculating only on BTC/USD rate, or also on altcoins.

I read that only 10% of Bitcoin traders make a profit, the other 90% make a loss.

Source?

[Meuh6879]

I read that only 10% of Bitcoin traders make a profit, the other 90% make a loss.

You could try test trading using pretend coins on paper, but it's different when you are gambling with real money.

+2 and i have tried ... to win (like all, to test with 10% of my bitcoins).
you can't win when you try at regular interval.

oh, and, when you win ... you always has a problem on the corner : https://www.youtube.com/watch?v=CN4RdrN80ic

[jubalix]

you cannot trade and win, as you have to pay a percentage on every trade and cannot know the future.

you could get lucky but the longer you trade the more likely you will even out to a loss on percentage.

traders do provide stability to the market.

hodl and invest in ico's as a hedge is far more sure than to trade.

1 btc into ETH at the  is worth between 500K~and $1M (about 750K).

Good luck trading into that with $500 from 2014 to now.

of course thier is also a lot of luck in ICO's and most of them will go to zero.

I think you have to diversify into a few alts though...which is kinda different to "tradeing" os more like hedging you position.

Eg Crypto is going to the 20T mark, but I don't know if it will be BTC taking the lions share, it could go to zero and ETH, IOTA, PPC, NEM, LTC, DOGE taking the market.

[FractalUniverse]

...
I think that it should be crystal clear to anyone that bitcoin prices always come in cycles, and block halving is the start of each cycle. Usually you see that bitcoin activity drops dramatically around 1.5 years after the block halving, nobody talks about it, mainstream media goes dead, price is just stable-ish. THat's the right time to buy. Take a look at google search trends: https://trends.google.com.au/trends/explore?q=bitcoin you'll see each halving brings a new round of enthusiasm, topping the last...

There is something weird about that trends stats. Nigeria at 100 points while all other countries are well below 50 (except Ghana with 75)? what? There must be something wrong with the stats, or there is beginning of bitcoin fever spreading through Nigeria/ west Africa

[Xavofat]

...
I think that it should be crystal clear to anyone that bitcoin prices always come in cycles, and block halving is the start of each cycle. Usually you see that bitcoin activity drops dramatically around 1.5 years after the block halving, nobody talks about it, mainstream media goes dead, price is just stable-ish. THat's the right time to buy. Take a look at google search trends: https://trends.google.com.au/trends/explore?q=bitcoin you'll see each halving brings a new round of enthusiasm, topping the last...

There must be something wrong with the stats

It's Google.

you cannot trade and win, as you have to pay a percentage on every trade and cannot know the future.

you could get lucky but the longer you trade the more likely you will even out to a loss on percentage.

traders do provide stability to the market.

hodl and invest in ico's as a hedge is far more sure than to trade.

Yeah, there's no way I'm doing that.  You'll lose even more coins doing that than in trading.

[BitHodler]

I read that only 10% of Bitcoin traders make a profit, the other 90% make a loss. You could try test trading using pretend coins on paper, but it's different when you are gambling with real money.

I think I have read something similar a year or two ago, but that was related to the stock market, and how rookies are getting burned by their greed and emotions.

If we look at the crypto market, it would be easy to assume that the similarities are there, but we can't ignore that this is a market working 24/7, while that isn't the case with stocks.

But obviously, the far majority of the traders end up losing. It's practically impossible to put in into perspective in terms of percentages ~ only exchanges can come close to that.

[rizkyhiw]

Timing the market can be a real bitch. It's easy to look at the past price charts and think "I should've sold on that spike and buy back on that dip", but doing it real-time is a whole different story. You'll likely get burnt on bull/bear traps eventually.

But if you're tempted to try, why not set aside some round amount in a cold storage and play around with the rest, either by speculating only on BTC/USD rate, or also on altcoins.

I read that only 10% of Bitcoin traders make a profit, the other 90% make a loss.

Source?

there's a lot of sources you can get when you reading a lot too ,
this is what i frequently visit http://www.tradeciety.com/24-statistics-why-most-traders-lose-money/ , and also at quora https://www.quora.com/Do-90-of-day-traders-lose-money ,
in trading forum this kind question always popping up and it's not a new thing.

[eaLiTy]

If you are smart enough to invest in good projects then there is no doubt that you could multiply your investment without much hurdle and if you are not having any plans to withdraw the coins and convert them into fiat ,then there is nothing to worry as there are really good projects and trading opportunities to multiply you bitcoin.

[HI-TEC99]

Timing the market can be a real bitch. It's easy to look at the past price charts and think "I should've sold on that spike and buy back on that dip", but doing it real-time is a whole different story. You'll likely get burnt on bull/bear traps eventually.

But if you're tempted to try, why not set aside some round amount in a cold storage and play around with the rest, either by speculating only on BTC/USD rate, or also on altcoins.

I read that only 10% of Bitcoin traders make a profit, the other 90% make a loss.

Source?

there's a lot of sources you can get when you reading a lot too ,
this is what i frequently visit http://www.tradeciety.com/24-statistics-why-most-traders-lose-money/ , and also at quora https://www.quora.com/Do-90-of-day-traders-lose-money ,
in trading forum this kind question always popping up and it's not a new thing.

+1

There have been countless studies that calculate the percentage of profitable traders, and actual figure varies depending on the study. Most of them agree that the majority of traders lose and a small percentage are profitable. As an example a businessinsider page says 6% are profitable, but an investopedia page says only 1% are predictably profitable.

http://www.businessinsider.com/what-percentage-of-traders-make-it-2011-6?IR=T

Only six percent of the people who attempt to become professional traders actually succeed.

http://www.investopedia.com/articles/active-trading/053115/average-rate-return-day-traders.asp

In a typical six-month period more than 80 percent of day traders lost money, and only 1 percent of them could be called predictably profitable.

[Pierre 2]

I am also bitcoin HODLER. I didnt sell bitcoins I got since late 2015. It is not big anyways.
I made good money comparing to such small amount I invested. But my portfolio could be lot bigger if I day traded with altcoins. But noone expected altcoins to be this much big.

[Last of the V8s]

https://www.youtube.com/channel/UCbiWJYRg8luWHnmNkJRZEnw
https://twitter.com/ToneVays seems right about 6 times out of 10

[batang_bitcoin]

I am a long term HODLer and believer in BTC.

I have been adding to my position since 2013. and sold 0 BTC over time.

I admire you for having no sold bitcoin up til now. Because when I started to use bitcoin I had sold 50% of my total holdings.

Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

This is a popular way of trading bitcoin, selling it for fiat and wait for the dip.

Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.

I'm always wait to sell before a correction happens.

[BartS]

I am a long term HODLer and believer in BTC.

I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.

Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.

If you do not know anything about trading, then just forget about, you are going to lose your money, and then you will get less bitcoin as a result, holding is not the most profitable way but it is the safest and easiest way to make money.

[richardsNY]

I made a decent bit of profit throughout the last months due to the volatility. I just ride the waves every now and then where I book a solid 5-10% per wave (we've had quite some of them lately). I am a not the typical trader that is constantly keeping an eye on the market, but more act accordingly at the time an opportunity presents itself. If that means I have to wait a few weeks before I open or close a position, no problem at all -- there is no point into rushing things.

[Kyraishi]

I am a long term HODLer and believer in BTC.

I have been adding to my position since 2013. and sold 0 BTC over time.
Obviously I am happy with the development but the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

I had no problem holding BTC when it crashed from 900$ to 200$ but I would have mental issues if I converted 1 BTC to 2400$ and had to buy again at 2500$ thus diminishing my BTC stash.

Are there any long term HODLers who are succesful at employing this tactic of buying corrections? If so I would like to hear your strategy. Thanks.

I'm a long term holder too, although you have to admit that there are certain tendencies that the market always follows. For one, each halving will bring a new round of pumping, and after around 2 years after thehalving the market quietens down.

You definitely had balls to hold bitcoin from $900 to $200 and back up to $2500 right now, i actually bought at just above $1000 and sold at $700.

The thing about long term holding is that you don't get affected by the price at all. A lot of the times if you are looking to trade short term you will be easily motivated by rumours and news that really is just a short term phenomenon, and it makes you lose your long term vision. But oftentimes it will indeed mean that you're losing out on some profits.

[Money Maker Shaker]

i simply increase my BTC stash by
- buying more with fiat over time, mostly in dips
- doing some jobs to earn BTC (shaking my money maker )
- trading altcoins to dump them after the pump and get more bitcoin out of them.

i have tried bitcoin trading but i don't like the exchanges. i am more comfortable using bittrex than using coinbase, bitfinex, bitstamp, kraken, etc

[Herbert2020]

.. the worm of greed is always digging in the back of my mind. Could I increase BTC if I sold BTC for some fiat or Tether before correction and add more BTC when the correction ends.

i have tried trading bitcoin but i never like the exchanges and the risk of them. however i always make sure to do this (meaning to sell on top and buy the correction) when i am almost certain about a correction on the way. for example when the price reached the $2900+ i was nearly certain that if it can't break the $3000 it will drop and it happened.
or when the bitfinex hack happened or lots of other big FUD, these have always been good points to sell some small number of coins to buy them back in a couple of days to hold more coins in the end. and it has worked good so far for me.
my suggestion is do the same as me and make sure to not do it with all your stash. just dedicate some small portion that you are willing to lose and trade with that. exchanges can run away at any moment!