Mighty_crypt (OP)
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This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point.
If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.
List of few good stable coins I use or own
USDT USDC DAI
IF MARKET GOES GREEN
If market goes green you will still be making profit from your bitcoin that you are holding.
IF MARKET GOES RED
You will be able to multiple your Bitcoin by using your usdt or Dai to buy back more Bitcoin. It's simple as that, erase greed and focus on making profit from RED and GREEN Market.
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Balladtony77
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May 15, 2020, 08:51:00 AM |
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Nice trading point, this will even ease your mind from FOMO and Hypes, most traders chase after one part of the market movement, like ' only if price goes up' but pro traders are ready to take the advantage of both sides, well done 👍
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quocsi
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May 15, 2020, 09:14:02 AM |
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I totally agree with you, but that's just theory. It is hard to control my panic when the price of the coin I bought has dropped dramatically. I think we need experience and a long time to train mentally.
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tvplus006
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To the Moon
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May 15, 2020, 09:43:07 AM |
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The best strategy is to buy cheap and sell expensive )) But when trading cryptocurrency, we do not manage to close all transactions with profit. In the strategy you described, you need to sell bitcoin in time and buy it in time after the exchange rate drops. But in practice, you will face the fact that you will have a lot of mistakes when making a decision.
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Greatdev
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May 15, 2020, 09:43:46 AM |
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All trading problems are from traders mental state of mind, many can't withstand losses, once they see their precious coins losing value over and over they lose patience and they will start thinking negatively, trading is it for the strong minds
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$anounimus$
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May 15, 2020, 10:19:55 AM |
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I think that method is the easiest and most convenient way to do it. Basic question is, how much percentage of success is achieved after you try whether it is smart enough to play the game waiting and looking to generate more income ..
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Fundamentals Of
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May 15, 2020, 10:34:04 AM |
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This is one of the safest ways to do trading. Just wait for the price to make some spikes and swings. I have also been doing this. At some point, you will have to sell some Bitcoin also if you're stable coins are already used up and you are not yet planning to add more investment to your crypto portfolio yet.
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blockman
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May 15, 2020, 10:54:06 AM |
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That's the strategy of buying low and selling high with the help of stable coins. Usually, that's the strategy of day traders and it's very effective for them because they only have to convert and get back to bitcoin any time with the help of stable coins. Unlike the other traders who cash out their profits and then re-deposit again if ever they want to buy again. That's doubled the hassle that you're bringing to yourself if you see the market goes up.
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Nalbo
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May 15, 2020, 10:58:16 AM |
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This is the strategy many use. You can further inhance it by placing orders a bit higher and lower in different points. Like if Bitcoin price is 9K now, place a sell order to USD in 9010 and a buy order in 8990. If any one of them gets executed, place one below 10 and above 10 of current price to tap every coins.
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danherbias07
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May 15, 2020, 10:59:59 AM |
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Isn't it just the normal way to do it for profit?
There are some bad notes though. It could go green but still you are not in profit. Why? If you will not make a portfolio into how much you bought it. Same goes with reds. You will have to monitor everything.
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@baoli
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May 15, 2020, 11:25:26 AM |
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Your strategy seems on point. The problem most traders face is panic. Even with this excellent ideas selling and buying point is also very crucial, any of them you miss one will still loss fund
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Slow death
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May 15, 2020, 11:36:17 AM |
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you made it look like everything is easy, but actually it’s not as simple as you said. for example if someone buys at $9600 (red) and then the price drops to $8400 (still in red) and days later the price goes up to $9000 turning green, the person who bought at $9600 will still be at a loss and will not go be able to sell. Nobody knows when low Is low and when high Is high, for this reason it is recommended to study the market a lot. I Trade USDT - BTC and USDT - ETH because I find it very difficult to trade BTC - Altcoins
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Jating
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May 15, 2020, 11:38:04 AM |
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Yes, you could still make money out of the list of stable coins out there.
But the thing is you have to understand when to convert your BTC to stable and vice-versa.
Also, in order to make profit here, you should invest some money here, at least in the four digits will give you a good returns, in my opinion.
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Ifra24
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jalannya dipotong sama orang
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May 15, 2020, 11:41:42 AM |
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This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point. You will be able to multiple your Bitcoin by using your usdt or Dai to buy back more Bitcoin. It's simple as that, erase greed and focus on making profit from RED and GREEN Market.
Some say trading is 1% Intelligence, 99% Emotional Trading Management. Emotional Trading Management is difficult, emotional management that you say seems easy but it's not. Making the decision to execute selling or buying requires a trading system that is run with discipline plus decision making requires technical and fundamental analysis.
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DarkDays
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May 15, 2020, 12:07:30 PM |
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Well that's not the safest trading strategy at all, since many cryptocurrencies only lose value once bought.
I personally think the safest trading strategy is buying up stablecoins at below parity rates (e.g. during a bull market) and then selling once it returns to its peg.
Repeat this throughout the year and you'll find that you can easily rack up 20-30% per year doing this.
Tether frequently drops down to around $0.99 or even lower sometimes, the same thing often happens to other stablecoins too. So long as they're not hacked or compromised, it's safe to buy them at below parity.
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oxgroth
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May 15, 2020, 12:17:14 PM |
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Really safe strategy is too just not to trade at all. Every trade is risky
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SyndicateLabs
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May 15, 2020, 12:47:55 PM |
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That is the theory, you absolutely can make a profit in any way. But in reality, you will never do it because your mentality will be dominated and panicked when prices go up or down.
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nicedreams
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May 15, 2020, 12:48:25 PM |
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You are in a good direction with the thinking split half on USDT or stable coin and half on BTC. Though under constraint time with a lot of things going on between those two, you could easily make a mistake. Need to be careful and work well under stress, not panicking are the key.
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monineklutak
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May 15, 2020, 01:37:21 PM |
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I've tried that strategy, but it's not always true, indeed USDT will go up if Bitcoin Dump, and if Bitcoin PUMP then USDT will go down, but USDT has the same value as fiat pairs in the country, and that also affects
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tabas
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May 15, 2020, 01:41:05 PM |
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Isn't it just the normal way to do it for profit?
Yes, it is the ordinary trading strategy that we know. Although, I appreciate what op done to help the new traders because it's not like that always we're the ones who are reading posts here. Another strategy that one can consider is to make himself good with common cryptocurrencies. That will save him a lot of money, profit and time from choosing.
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