Anyone trading bitcoins profitably here?

[tommy87]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

[smoothie]

short-term to me is months and weeks for trades.

One thing I've taken away is taking some cash off the table and investing into other stores of value is not a bad option.

[traderCJ]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

My strategy isn't terribly scientific, but it works.  Sell bad news, buy when the bad news has been absorbed.  Absorption rate depends on the severity of the news.  Terrible news takes 24 hours or so.  Work back from there.  The Chinese have a considerable advantage using this technique as the FUD originates from China, generally.  The guys who preach TA are generally wrong.  I've tried those TA subscription services just to see if their claims are legit.  They are not.  Save your money.

[hyphymikey]

Unless you can move the market yourself...... then good luck!

I'm sure some people have profited, but I'm sure more people have lost.

I lost. I would learn to trade alt coins if I tried it all over again. Buying and selling bitcoin for profit is not easy.

[Tirapon]

short-term to me is months and weeks for trades.

One thing I've taken away is taking some cash off the table and investing into other stores of value is not a bad option.

+1

Also I have learned that I do a lot better trading against alts than against USD. LTC/BTC is my favourite pair.

[MatTheCat]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

Done well when the market was rising and done well on the first crash by selling high and rebuying low....

....since the market has been going down I have generally been breaking even overall.

Obviously, when market is in decline, it is much easier to lose money than to make money....I should also mention that due to my over negative stance on Bitcoin, I sat out for much of the $500 - $900 uptrend.

I have found that arepo has made some good calls of late (search his forum thread in this subsection).

[favelle75]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

My strategy isn't terribly scientific, but it works.  Sell bad news, buy when the bad news has been absorbed.  Absorption rate depends on the severity of the news.  Terrible news takes 24 hours or so.  Work back from there.  The Chinese have a considerable advantage using this technique as the FUD originates from China, generally.  The guys who preach TA are generally wrong.  I've tried those TA subscription services just to see if their claims are legit.  They are not.  Save your money.

100% this. TA for BTC is shit. The BTC market does not react like a traditional market. Its VERY volatile and any piece of news, good or bad, will send the price in huge swings.  Play those swings and you can make quite a bit of money (or better yet, more BTC). Daily.

I myself trade the LTC/BTC ratio. This way, I am never a bagholder for USD or fiat.

[traderCJ]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

My strategy isn't terribly scientific, but it works.  Sell bad news, buy when the bad news has been absorbed.  Absorption rate depends on the severity of the news.  Terrible news takes 24 hours or so.  Work back from there.  The Chinese have a considerable advantage using this technique as the FUD originates from China, generally.  The guys who preach TA are generally wrong.  I've tried those TA subscription services just to see if their claims are legit.  They are not.  Save your money.

100% this. TA for BTC is shit. The BTC market does not react like a traditional market. Its VERY volatile and any piece of news, good or bad, will send the price in huge swings.  Play those swings and you can make quite a bit of money (or better yet, more BTC). Daily.

I myself trade the LTC/BTC ratio. This way, I am never a bagholder for USD or fiat.

Interesting.  So the assumption is news that drives down BTC will drive down LTC w.r.t. BTC?

[favelle75]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

My strategy isn't terribly scientific, but it works.  Sell bad news, buy when the bad news has been absorbed.  Absorption rate depends on the severity of the news.  Terrible news takes 24 hours or so.  Work back from there.  The Chinese have a considerable advantage using this technique as the FUD originates from China, generally.  The guys who preach TA are generally wrong.  I've tried those TA subscription services just to see if their claims are legit.  They are not.  Save your money.

100% this. TA for BTC is shit. The BTC market does not react like a traditional market. Its VERY volatile and any piece of news, good or bad, will send the price in huge swings.  Play those swings and you can make quite a bit of money (or better yet, more BTC). Daily.

I myself trade the LTC/BTC ratio. This way, I am never a bagholder for USD or fiat.

Interesting.  So the assumption is news that drives down BTC will drive down LTC w.r.t. BTC?

That part I have found hard to predict. I just set my buy sell order and the daily fluctuations take care of the rest. So not really much analysis on my part other than watching the ratio for 6 months and seeing the opportunity. Sometimes it takes 72 hours, but every buy or sell order has been filled. And I've NEVER sold or bought at a loss because I am 100% content holding either LTC or BTC. Its win-win. Honestly, I can't believe everyone doesn't do it.

[traderCJ]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

My strategy isn't terribly scientific, but it works.  Sell bad news, buy when the bad news has been absorbed.  Absorption rate depends on the severity of the news.  Terrible news takes 24 hours or so.  Work back from there.  The Chinese have a considerable advantage using this technique as the FUD originates from China, generally.  The guys who preach TA are generally wrong.  I've tried those TA subscription services just to see if their claims are legit.  They are not.  Save your money.

100% this. TA for BTC is shit. The BTC market does not react like a traditional market. Its VERY volatile and any piece of news, good or bad, will send the price in huge swings.  Play those swings and you can make quite a bit of money (or better yet, more BTC). Daily.

I myself trade the LTC/BTC ratio. This way, I am never a bagholder for USD or fiat.

Interesting.  So the assumption is news that drives down BTC will drive down LTC w.r.t. BTC?

That part I have found hard to predict. I just set my buy sell order and the daily fluctuations take care of the rest. So not really much analysis on my part other than watching the ratio for 6 months and seeing the opportunity. Sometimes it takes 72 hours, but every buy or sell order has been filled. And I've NEVER sold or bought at a loss because I am 100% content holding either LTC or BTC. Its win-win. Honestly, I can't believe everyone doesn't do it.

Thanks for the tip.  That used to work on BTC after the April crash and before the SR surge

[pera]

<boomhauer> [pera] total ROI: 16.41% | last ROI: 0.02% | #trades: 12 | last trade: sold @ 968.88 | time playing: 10 days | holders ROI: 10.86%

I did much much better IRL but I think is just luck...

[keithers]

Unless you can move the market yourself...... then good luck!

I'm sure some people have profited, but I'm sure more people have lost.

I lost. I would learn to trade alt coins if I tried it all over again. Buying and selling bitcoin for profit is not easy.

+1, the margins are bigger on the alt coins, and if you make a mistake it is not as costly, as dollar cost average is much lower with alt-coins

[TERA]

I trade very effectively during high volume crashes when there are pronounced and predictable waveforms and my average time in the trade is a few minutes. Anytime else I trade like shit (meaning not increasing btc) when I try swing trade days or weeks during low volume. So next time I double up my btc during a crash I might just hodl afterwards.

[ironstove]

I generally do well during high volatility, however I've gotten pounded on bad currency pair calls i.e. thinking a certain alt coin will rise in value to increase my BTC holdings only to see it does the opposite.

Don't get greedy and be patient. That's my only advice and I do well when I stick to it.

[kwoody]

been pretty successful the last 2 months selling BTC on uptrends and buying that exact same amount of BTC near market floor, and the difference(profit) gets spent on things like silver rounds, few gold coins, a little extra fiat sitting on exchanges, etc. Most recent purchase was $100 worth of pre-1982 pennies that are 97.5% copper(post-1982 pennies are 97.5 zinc).

been pretty cool, and i suppose 'lucky' on knowing when to sell and buy. as others mentioned, if you do make a profit, diversify. it's a smart move.

[Tirapon]

Hey,

I'm interested if anyone's here trading Bitcoin profitably here (short term buying/selling)

If so, I'd like to hear a little bit more about it, maybe get some blog links etc. Haven't found anything decent yet.

Thanks

My strategy isn't terribly scientific, but it works.  Sell bad news, buy when the bad news has been absorbed.  Absorption rate depends on the severity of the news.  Terrible news takes 24 hours or so.  Work back from there.  The Chinese have a considerable advantage using this technique as the FUD originates from China, generally.  The guys who preach TA are generally wrong.  I've tried those TA subscription services just to see if their claims are legit.  They are not.  Save your money.

100% this. TA for BTC is shit. The BTC market does not react like a traditional market. Its VERY volatile and any piece of news, good or bad, will send the price in huge swings.  Play those swings and you can make quite a bit of money (or better yet, more BTC). Daily.

I myself trade the LTC/BTC ratio. This way, I am never a bagholder for USD or fiat.

Interesting.  So the assumption is news that drives down BTC will drive down LTC w.r.t. BTC?

That part I have found hard to predict. I just set my buy sell order and the daily fluctuations take care of the rest. So not really much analysis on my part other than watching the ratio for 6 months and seeing the opportunity. Sometimes it takes 72 hours, but every buy or sell order has been filled. And I've NEVER sold or bought at a loss because I am 100% content holding either LTC or BTC. Its win-win. Honestly, I can't believe everyone doesn't do it.

I agree with this 100% - its literally amazing. I have no trading experience prior to discovering crypto, and yet I have never lost a trade on LTC/BTC.

Also, If you're willing to wait months rather than days, you stand a good chance of catching the real big moves and getting back 3, 4, maybe even 5 times your coins. Play with short and long timeframes, short (daily) to keep you entertained while you're waiting for the big move, and long (months) so that you really clean up when that move happens.

[Dafar]

MY SECRET TO BITCOIN TRADING:


Buy Low and Sell High













works every time, but don't tell anyone else!