General trading technique?

[bitcoinrocks]

I've been buying BTC and altcoins to hold.  Is there a low-maintenance approach to trading for a profit instead of just buying and holding?

[EvilPanda]

Make money on panic sellers. Also try to divide your assets instead of just throwing them in all at once, never rush it, buy or sell slowly and observe what happens.

[bitcoinrocks]

That's just the kind of advice I'm looking for.  Thank you.

[pulsecat]

I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)

[bitcoinrocks]

I'd suggest you to try automated trading feature at Cryptotrader.

Wow that's amazing.  So cryptotrader isn't an exchange but they are an interface to automated trading on the exchanges?  Has anyone else tried this?  Are there other interfaces like this?

[pulsecat]

I'd suggest you to try automated trading feature at Cryptotrader.

Wow that's amazing.  So cryptotrader isn't an exchange but they are an interface to automated trading on the exchanges?  Has anyone else tried this?  Are there other interfaces like this?

Your assumption is almost correct, though Cryptotrader it is not just an interface to automated trading (actually, i'm not aware of exchanges that offer automated trading feature), it is also a cloud trading platform that allows to run trading algorithms in VPS cloud unattended. Technically, everyone who subscribed to our paid service, gets his own VPS in few seconds after registration as it is done automatically.  

[RodeoX]

Things like arbitrage and day trading are not low maintenance, but can be profitable. I would do what EvilPanda suggests. Don't buy into a rally, save it for a crash. It really does not matter what the price is when you buy, only the appreciation in value when you spend.   

[hulk]

I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)

Interesting stuff, anybody lost BTC using the MACD trade?

[theonewhowaskazu]

I've been buying BTC and altcoins to hold.  Is there a low-maintenance approach to trading for a profit instead of just buying and holding?

IMO fast stoch works fairly well on Bitcoin as a trend-reversal indicator. For example, if we are bubbling, and suddenly the stoch breaks downward significantly (say below 75) then its probably time to duck out.

In ranging markets, try a rebalancing strategy on a Chinese exchange. That might sound really trolls, but its actually worked fairly well for me.

[bitcoinrocks]

Make money on panic sellers. Also try to divide your assets instead of just throwing them in all at once, never rush it, buy or sell slowly and observe what happens.

I would do what EvilPanda suggests. Don't buy into a rally, save it for a crash. It really does not matter what the price is when you buy, only the appreciation in value when you spend.

I'll start out with this strategy and see if I can figure out something even better.  How do you know when to sell?  Or it is buy, buy, buy, and hold instead of buy and hold?

I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)

Interesting stuff, anybody lost BTC using the MACD trade?

Interesting indeed.  This certainly falls into my low-maintenance category.  Is it really this easy?