Tell me the trading strategy.

[Simss]

My biggest problem in trading is that I was too brave to buy altcoin at a high price, and because of that I often lost my btc, even once I lost 50% of my btc when I bought altcoin at a price far above ICO.

So please give me feedback on this, what should I do?

[1715084590]

1715084590

[1715084590]

1715084590

[1715084590]

1715084590

[1715084590]

1715084590

[1715084590]

1715084590

[gingerxlady]

So here's my experience trading at Paxful:

1)Never buy Impulsively just because you're tired of waiting; Be patient!

2)Read the FAQ's

3)Always consult support or a trustworthy trader that can mentor you on said platform.

4)Don't grieve over losses too much.

[ktabb]

You should stop trading crypto, learn about value investing, and get richer than everybody on these forums by trading stocks.

Seriously though, anybody on here who tells you they can consistently make more money trading crypto than someone who just buys and holds bitcoin is lying. Almost nobody can beat the market, and it's even harder in crypto than other assets.

Don't trade crypto, trade stocks. Crypto is like a casino, stocks are like a business.

[eternalgloom]

You're probably investing in a lot of new coins which don't have much historical data for their value/price.
I'd say, stay away from ICO's and new coins in general and focus on some coins that are already somewhat established.

It's easier to see long term trends if you can check the value of those coins for the past few years.

That's how I personally do it and it works great for me.

[DebitMe]

Step 1 - Buy Bitcoin
Step 2 - Put them in storage and don't touch them
Step 3 - Retire

[harizen]

My biggest problem in trading is that I was too brave to buy altcoin at a high price, and because of that I often lost my btc, even once I lost 50% of my btc when I bought altcoin at a price far above ICO.

So please give me feedback on this, what should I do?

Why would you buy an altcoin for high price? If the price is moving up continously to the point that it was really on fast phase, I suggest not to buy and wait for it to slow down to see how strong the support there before thinking of another move.

But I like your attitude. No risk No return. What you need is more analyzation that a careless decision which might lead to more losses in the future. I know you already knows to analyzed as somehow you have some knowledge already.

[batang_bitcoin]

My biggest problem in trading is that I was too brave to buy altcoin at a high price, and because of that I often lost my btc, even once I lost 50% of my btc when I bought altcoin at a price far above ICO.

So please give me feedback on this, what should I do?

Very simple the principle in trading, you will just buy at low and you'll sell at high. It's not that hard to understand mate but I guess you think yourself wealthy enough to buy at peak. I suggest to you that always check and monitor the prices of alt coin and learn it by yourself. Try to read some insights from the experts.

[Low Sigma]

You should stop trading crypto, learn about value investing, and get richer than everybody on these forums by trading stocks.

Seriously though, anybody on here who tells you they can consistently make more money trading crypto than someone who just buys and holds bitcoin is lying. Almost nobody can beat the market, and it's even harder in crypto than other assets.

Don't trade crypto, trade stocks. Crypto is like a casino, stocks are like a business.

Hey ktabb, nice to see you again in another thread
For the OP, ktabb is right, but I want to prove to him that beating the crypto market by doing active trading is not impossible!

[maeusi]

My biggest problem in trading is that I was too brave to buy altcoin at a high price, and because of that I often lost my btc, even once I lost 50% of my btc when I bought altcoin at a price far above ICO.

So please give me feedback on this, what should I do?

Very simple the principle in trading, you will just buy at low and you'll sell at high. It's not that hard to understand mate but I guess you think yourself wealthy enough to buy at peak. I suggest to you that always check and monitor the prices of alt coin and learn it by yourself. Try to read some insights from the experts.

If it would be that easy, we all would be rich. But patience is a good partner for trading with altcoins. When you look for example at price of  ETH, XEM, RIPPLE, DOGE, BCN, LTC a few months ago, you see, that nearly all of these currencies climbed up multiple times. I sold doge at a price of 0.00032 $, because I thaught, that price was its high, instead of holding them just a few weeks.

[tauceramica]

Step 1 - Buy Bitcoin
Step 2 - Put them in storage and don't touch them
Step 3 - Retire

But this is a long term plan. I think he's asking for regular trades. And last, your advice is not trade, it's just saving. For trading, my strategy is catch up with the high volume altcoins and get profit.

[BitMaxz]

That is your wrong method in trading a basic trading ways is to buy a cheap price of altcoin and sell it to high price.. if you bought altcoin for high price and sell it for low price do you think you can make a good profit with that method you are just losing it..
The best that you can do is to invest in long term altcoin which is it can stay long in the market like in the top 20 altcoin in coinmarketcap those are the best i think to invest and you can see the movement in few weeks or days..

[shimbark123]

I also wanna know trading strategies. I think that it would be so much fun for me to trade. Trading is one of the ways to win here. I mean to get so much monry we need to know how to trade. With our power of trading I believe we can see the movement of the market.

[bitcoineverything]

My biggest problem in trading is that I was too brave to buy altcoin at a high price, and because of that I often lost my btc, even once I lost 50% of my btc when I bought altcoin at a price far above ICO.

So please give me feedback on this, what should I do?

Hi Simss, It really depends on the coin you are investing into. There are some coins, even though you bought them on a high price today, they still have the potential to go higher in the long run. It is just a matter of technical and fundamental analysis on the coin you invest into. It is important that you know the value of the coin and not just by some hype or its current price.

I've sent you a PM. I hope you find time reading it. Thanks!

[pooya87]

don't buy randomly (random altcoins, or an altcoin you know but at a random time) you need to study the market and see how it moves then decide which way is the market is going to move. as in making a conclusion based on your analysis not a guess based on your emotions. then make the trade.

afterwards if the price went down, sell as fast as possible to prevent big losses.

if the price went up, set a profit amount in your head to sell there it can even be a very small profit of 5% and don't get greedy.

[batang_bitcoin]

My biggest problem in trading is that I was too brave to buy altcoin at a high price, and because of that I often lost my btc, even once I lost 50% of my btc when I bought altcoin at a price far above ICO.

So please give me feedback on this, what should I do?

Very simple the principle in trading, you will just buy at low and you'll sell at high. It's not that hard to understand mate but I guess you think yourself wealthy enough to buy at peak. I suggest to you that always check and monitor the prices of alt coin and learn it by yourself. Try to read some insights from the experts.

If it would be that easy, we all would be rich. But patience is a good partner for trading with altcoins. When you look for example at price of  ETH, XEM, RIPPLE, DOGE, BCN, LTC a few months ago, you see, that nearly all of these currencies climbed up multiple times. I sold doge at a price of 0.00032 $, because I thaught, that price was its high, instead of holding them just a few weeks.

I didn't said it's easy, I just said that the principle of trading strategy is simple. You have to buy the coin while it is cheap and just sell it when the price increases. If you think the price of those alt coins are in dip then you have to chase and buy those coins. And after buying that, you only need to be updated with the price and if you think you earned 10%-50% profit, sell.

[Mieehayii]

check here

don't trade for a year!

indeed, it's proved a perfect strategy.

[Dhimas Kanjeng]

Step 1 - Buy Bitcoin
Step 2 - Put them in storage and don't touch them
Step 3 - Retire

I agree, when we are hard to get profit in trading then the best way is to buy, save and forget until at least 4 years, then the price will rise up to 1000%.

[MaskMars1]

Step 1 - Buy Bitcoin
Step 2 - Put them in storage and don't touch them
Step 3 - Retire

I agree, when we are hard to get profit in trading then the best way is to buy, save and forget until at least 4 years, then the price will rise up to 1000%.

In fact, this option is very suitable for those who do not want to spend time on trade. You can say that this investment with passive activity. It is very difficult to name the trade.

[cowboyme]

Step 1 - Buy Bitcoin
Step 2 - Put them in storage and don't touch them
Step 3 - Retire

I agree, when we are hard to get profit in trading then the best way is to buy, save and forget until at least 4 years, then the price will rise up to 1000%.

In fact, this option is very suitable for those who do not want to spend time on trade. You can say that this investment with passive activity. It is very difficult to name the trade.

Totally agreed, this trading is same as stock trading, most of the investors sit in front of the computer everyday watching the digits going up and down....but to be honest it is difficult for most of us to buy the coins and put in the wallet for a long time saying one month and leave them alone..

and I think part of them will sell them when the price drops a lot which they bought them at a higher price... this is the human nature...

if you could conquer this, you are on the way to make fortune.. buying at lower price...selling at the higher price...step by step...your money will be like a small snow ball rolling to a bigger one..

hope all of us could do like this..

[Fappanu]

In trading you should be carefull before buying analyse the charts from high and to low these will be guide for buying. And also get information on your coin planing to buy. read the White paper ,Roadmap how its works.  
 Do not buy when the altcoins is in the pumping stages. There's a 100% Posible big dump and you will be trap so you don't have any option to hold and see your btc decreasing price. or sell In - negative profit to stop losing. Reserve BTC so when the markets is in a bloody days you have funds to buy coins o  the cheaper price and you will recover you loss when the market go back in the fresh green.