Always keep fiat while holding

[Rhaizan]

Holding on to Fiat when holding means you know what you are doing. Sometimes the market could go sideways and the price of coins could come down drastically. That will be a very good opportunity to buy some coins with your Fiat.

Its called arbitrage trading. When bitcoin goes up mooning, you can sell them for USDT and then hold the USDT for the bear market. Then you cna use that same USDT to buy a biggest amount of bitcoin. This cycle can be continued and the result is the gradual increase in the stock of bitcoin or USDT whichever you want. One volatile currency's volatility used to increase the assets against a stablecoin.

I think you are correct. However, not everyone can trade, and many people end up actually losing coins rather than making profits. So, you have to decide if this is for you or not.

You have no idea what you are talking about. Hodling fiat is important in case the market goes opposite the direction of which you are predicting it to go.

Crypto need to hold to earn huge profit. If you hold fiat you can't increase your money for the time passed, we need to seperate our own  fiat money with our digital money.

[Hell-raiser]

Some people can't comprehend simple logic and arithmetic. Statistically, you would be better off if you went for combining short-term to mid-term trading with long-term holding. It is not carved in stone that there will ever be a new historical high. For example, with Bitcoin that would mean going north of 20k, which may never happen in the foreseeable future. And what then? But if you allocate some part of your stash for short-term trading you will be able to earn something by riding volatility now and then even if there is no long-term rise, ever.

I tried to explain this simple thing many times to quite a few people over here but they seem to be too stubborn in their delusions to accept the truth. But never mind, let them sit on their hands if they choose so as it is from their losing that our profits are coming from.

In an ideal situation, in order to be a successful trader, it is necessary to combine all methods in your strategy. For me, trading is the main source of income. That's why I have long-term, medium-term and short-term positions, also I always have a fiat. So, from my experience, I will say that your proposal and the author's proposal must be combined for successful trading.

In reality though, it is easier said than done. Of course, we can always calculate the best strategy or a combination of short to midterm trading strategies linked to long-term holding in hindsight. But this doesn't work in real life. In practice, it always turns out that you either sell too early or buy too late, or any other imaginable combination of non-optimal or sub-optimal trades. The bottom line is that you shouldn't try to become a perfect trader. That will only lead to frustration when you finally discover that you are not the one and far from being that. You should be happy if your net result stays positive long term as most traders are eventually losing, and thus you would be above the crowd even if your trades are not 100% profitable.

[robertsu]

In the cryptocurrency market, indeed, technical analysis works as well. Many traders seen this. From this point of view, it is easier to work on this market. Although the risk is a big.

[TheUltraElite]

Crypto need to hold to earn huge profit.

LOL. Just one big pump of bitcoin and every other people has been talking about this same thing. Do you realize the pain that hodlers had to go through in 2010-2013 period? Only those who managed to survive that run and possibly unknown fate period of bitcoin managed to sell at 20k USD and get "huge" profit.

If you hold fiat you can't increase your money for the time passed, we need to seperate our own  fiat money with our digital money.

Do you understand that fiat money gives you a chance to convert the volatile crypto asset to a stable coin like USDT for a short period of time in case the market goes sideways? I believe you should look into what USDT is and how you can use it to your advantage forgetting about what the negativity is surrounding it.

[cryptolet]

I think it is always good to keep fiat so as to buy new coins when the opportunity comes and so don't invest all your money.

[criptouser]

I at one time made many mistakes, precisely because, half of the deposit should be stored exactly in fiat. now I try to avoid such mistakes.

[BitHodler]

In the cryptocurrency market, indeed, technical analysis works as well. Many traders seen this. From this point of view, it is easier to work on this market. Although the risk is a big.

If technical analysis was that much of a thing, don't you think it would be a bit more reliable than it is right now for traders? I constantly see people refer to how important it is, but yet they fail to put it to work in a profitable manner.

If enough people believe it works, then it is more likely to work, but based on what's actually happening, it doesn't work at all despite people keep saying it does. In other words, people just rehash that what others are saying.

Overall, trading is less likely to be betting on a good outcome if you have some technical understanding, but that's directly it. I have yet to see someone successfully put technical analysis to work during volatile market phases.

[freedomgo]

You have a very good strategy but it would be worth doing it if you invested a decent amount of money as little increase could mean a lot already.
People like me, we like to hold longer because we are looking for 100 times increase or even more.

[TheUltraElite]

I think it is always good to keep fiat so as to buy new coins when the opportunity comes and so don't invest all your money.

That is always true. Whenever their is a big pump after a continuous bear market there is going to be a big dump coming soon. While everything might seen green the whales actually put in more fiat and make sure to initiate a dump so that majority of the panic sellers start dumping as well causing a massive dump. This is the point where one can take advantage and use the fiat to get other cryptos at dirt cheap prices. Add a little bit of FUD in the social media and the prices drop even more.

That how people manipulate the market with the help from whales.

[kaya11]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

How would I know if it will be the historical time to buy the coin? Is there some sort of a signal that it will continuously arise-maybe fall a litter but will surge again? It's very hard to predict and I have never ever succeeded in a holding for even more a than 3 months, I directly sold them all.

[hermankoles]

determining the profit target is important, whether you will take short, medium or long-term profit. I tend to see short-term trends and play with small profits per transaction but this keeps repeating in a day and I can harvest accumulated profits in weeks or months

[boy130]

Of course, I absolutely encourage people to always have some money aside away from crypto because you don't want to be forced to sell at an inconvenient time because all the efforts will  be worth nothing.

[Thirdspace]

Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

what OP describes is not holding but trading semi actively in a regularly short time fluctuating market condition
people who are hodling usually because they're in negative profit and waiting for price to recover
or in another case, they are hodling for believing the price is in the bull run and waiting for the peak price to sell

[TheReverend]

Yes, I think it needs to be done, some people always buy coins with all their money and when things suddenly require money, they are forced to sell their assets even if they are in a profit / loss condition because they need the money immediately.
so at least save a little fiat money for emergencies.

[mornabo]

Holding on to Fiat when holding means you know what you are doing. Sometimes the market could go sideways and the price of coins could come down drastically. That will be a very good opportunity to buy some coins with your Fiat.

Its called arbitrage trading. When bitcoin goes up mooning, you can sell them for USDT and then hold the USDT for the bear market. Then you cna use that same USDT to buy a biggest amount of bitcoin. This cycle can be continued and the result is the gradual increase in the stock of bitcoin or USDT whichever you want. One volatile currency's volatility used to increase the assets against a stablecoin.

I think you are correct. However, not everyone can trade, and many people end up actually losing coins rather than making profits. So, you have to decide if this is for you or not.

You have no idea what you are talking about. Hodling fiat is important in case the market goes opposite the direction of which you are predicting it to go.

Crypto need to hold to earn huge profit. If you hold fiat you can't increase your money for the time passed, we need to seperate our own  fiat money with our digital money.

why do we hold fiat? you know that crypto is at risk right? we cannot hold all our money in the same place, of course it will be very risky, thats why we need to hold money in fiat, besides that fiat is also a major currency, of course we will always need it for spending right?

[hermankoles]

Always keep the fixed static graph each time so as not to get too down and lead to price falls while holding always regulations that already specified

[TheUltraElite]

How would I know if it will be the historical time to buy the coin? Is there some sort of a signal that it will continuously arise-maybe fall a litter but will surge again? It's very hard to predict and I have never ever succeeded in a holding for even more a than 3 months, I directly sold them all.

Recently these "Bitcon Historians" have been popping up on social media and telegram channels who seem to make such predictions. I would not trust anyone except my own decisions on crypto holdings. These very may be shills/sockpuppets of FUDstars. Also holding takes patience and not having patience is a bad quality - you should try to improve it and also do some research before investing in an altcoin. For bitcoin its price will rise and fall but net rise will be there.

Of course, I absolutely encourage people to always have some money aside away from crypto because you don't want to be forced to sell at an inconvenient time because all the efforts will  be worth nothing.

I dont think the discussion here is pointing to that. Keeping money in saving and outside cypto should be there for everyone. Otherwise how are they going to pay their bills?

[Hell-raiser]

In the cryptocurrency market, indeed, technical analysis works as well. Many traders seen this. From this point of view, it is easier to work on this market. Although the risk is a big.

If technical analysis was that much of a thing, don't you think it would be a bit more reliable than it is right now for traders? I constantly see people refer to how important it is, but yet they fail to put it to work in a profitable manner.

If enough people believe it works, then it is more likely to work, but based on what's actually happening, it doesn't work at all despite people keep saying it does. In other words, people just rehash that what others are saying.

I don't really believe that's gonna happen. TA is not just a couple of methods, so even if all people start believing in it and that it works, that won't mean anything in practice, that won't magically make it work all of a sudden. People should not believe in TA as such, they should all believe in one specific approach or another. Then someone with deep pockets will show up and take advantage of the mob mentality to strip these dudes off of their money. Other than that, I agree that it doesn't work at all, if only in retrospect but since you can't earn profits retrospectively, it still remains utterly irrelevant.

Overall, trading is less likely to be betting on a good outcome if you have some technical understanding, but that's directly it. I have yet to see someone successfully put technical analysis to work during volatile market phases.

I'm not sure what you mean by technical understanding here but it doesn't look like you refer to some technical aspects of how Bitcoin or some other coin works as this has little to do with TA in particular and trading in general.

[taiwww]

I guess that is the way crypto works and that is the way one should follow the trading patterns if one has to get profited. Fiat currency is always great option if we really want to hold the amount of money the is getting traded needs to be stabilised at particular point. The only way to do is either you hold your coins in the stable coins or the fiat. But I will never recommend the stable coins because they are also the crypto currencies and thus may lead to few % of loss due to total market cap going up and down all the time. Also fiat holding makes sure that we will gain the same amount in terms of fiat when we buy or sell at any point.

[Aikidoka]

Investors are not traders.
An investor is one who would buy and Hodl till it rises significantly. But a trader is constantly looking for ways to make profits.
It is convenient to have fiat often, especially if cryptocurrencies is your main income source.

There are two kind of traders. Long-term traders ans short-term traders. The formers tend to wait until a coin pumps so he can have a huge profits. That action can be achieved through many years, that is why it is called long-term trading. On the other hand, short-term traders always look at the market and see if any coin is suitable for him to trade. I believe it is a hard strategy. But there are many experienced people who managed to succeed and have a good profit.