It's the easiest to trade when you aren't trading

[FanEagle]

Quite a lot of folks have made so much money by day trading and just because you couldn't handle it doesn't mean others won't be able to. Day trading works just fine if you really understand how it works.

I never agree that lots of people are making good money from day trading; most probably what you are saying is just a delusional. Trading can be good compared to day trading when you are planning up to catch long-term trends rather than small movements which are happening within a day.

If you're able to take time to learn all there is to trading and develop an almost perfect strategy ( no strategy is perfect), then you'd know that day trading is actually profitable

Even after following all the steps and procedures prescribed for becoming professional trader, if you day-trade then you will be disappointed at the end of the day. But, there are more chances to end your day profitable if you try to catch long-term trends; So, between long-term holding and day-trading there is another way to make easy profits but most people never consider it.

[Silberman]

You know what, day trading maybe a very risk thing to do but it is also effective rather than holding in the long term.
Because on a day trade there is a probability for us to earn most of the time while on hold is not but high chances to earn big if we hold big as well something like that.

Trading can produce higher profits than holding your coins, everyone knows this, the question is if you can actually get hold of those kind of profits? And most people cannot do anything remotely close to that, if you are one of the few that can do it then congratulations but for the rest of the people this is something impossible and should just hold their coins, but unfortunately they let themselves to be lured in by the idea of more profits and then they lose everything in the process.

[RealMalatesta]

Trading can produce higher profits than holding your coins, everyone knows this, the question is if you can actually get hold of those kind of profits? And most people cannot do anything remotely close to that, if you are one of the few that can do it then congratulations but for the rest of the people this is something impossible and should just hold their coins, but unfortunately they let themselves to be lured in by the idea of more profits and then they lose everything in the process.

That's obviously the question to ask. Many people think that they can buy at the low level sell at the high level and repeat this over and over again instead of just holding. Many of them end up buying at the high level and sell at the low level and losing money. This is why I do not trade, I may end up losing more than I earn and that's why I do not trade that way at all.

I just buy, do a DCA with my money and that's how I make my profit, I did buy at 6k, I bought at 20k, I bought some at 33k, I even bought at 62k before the fall, and I will buy tomorrow hopefully before it goes up too much, and I bought many times in between 6k and 62k as well. All of that helped me have a decent amount of bitcoin and a good amount of profit as well. Why would I try to ruin that with trying to trade as much as I can and end up losing it all the profits I made.

[Ridwan Fauzi]

If you are serious enough want to be a trader then you will not passed the great momment to buy and sell bitcoin to geta lot of profit. But, if you just rely on a momment that you think bitcoin price will go below or will up at the certain price after its movement then you will get a makeshift.

I mean, trading is need a strong effort. You need to know about trading strategy or making a good your own trading system. If you have already, then I bet you will what you want. I mean, you will know that bitcoin will go up to $65.000 so as when bitcoin price was $30.000 you already bought it and you sell at the high price as well so as you will get a profit that you promise.

[Mistafreeze]

And recently, you know bitcoin become 40K, then 30K, yeah, I waited until 60K and sold all of my coins today Will price rise? Maybe but I'll wait for another great dip, at least for 70% fall. So, today is the end of my journey for a while.

Bitcoin went deep few days ago from 60k to 49k that was a high fall I hope you were able to take advantage of the price to accumulate more Bitcoin, I was able to top up more.

Trade rarely, don't make it your only profit source and don't trade often. If you aren't whale, you can't impact the price, so, not your game - not your rules

Trading is not for me I was losing more than I ever gain trading.

[ScamViruS]

in other words Op strategy is long-term trading, he makes a purchase when the price of bitcoin is low and forgets it without always having to monitor the market price.  the money used to buy Bitcoin is certainly extra money because he just leaves it without expecting to get a profit in a short time

This is the best strategy for small investors. Because if someone can't have a very good idea about the market, then he can't make a profit by trading short. In my opinion those who invest their extra money and hold their bitcoin for a long time win in the end. Because trading is not an easy task, it requires a lot of hard work and the will to build skills. Those who come to trade without trading knowledge lose their capital and leave the market in a few days.

[jostorres]

In my opinion those who invest their extra money and hold their bitcoin for a long time win in the end.

Yes, because you cannot predict what is going to happen next in bitcoin market if your selling bitcoins with the expectation of buying cheaper later on then market will trick you and you may not able to get back even at your selling price; I have seen many people getting back higher than their selling price just because of unpredictable volatility of bitcoin markets.

If you're good at making use of limit-stoploss orders then probably you could tackle the situation but for that you need to keep all your funds within exchange which might again increase your risk. To solve all the hassles I am just leaving off my bitcoin for years and enjoying handsome profits.

[shield132]

That's investing, not trading. The difference between trading and investing is the simple fact that traders want to buy and sell quickly to take advantage of the price movements, if you want to buy low and sell high and do that again and again and again to get richer that's trading, whereas if you want to buy low and sell extremely high, like you can retire type of high, just do it once (or maybe few times at most) that means you are investing into it and waiting for it to be valuable.

This is why I think investing is easier, what you did was still trading, because even though you did it few times, in your mind you wanted to sell high and buy low again. For example I bought lower than you, and still holding, and will keep on holding until it reaches 500k, at that point I will retire, and I will just keep buying with some money I save, that's it, and that is investment.

What do you think about futures trading? I think about this too, not too much about maybe 3x-5x or max 10x leverage to seriously amplify my profits. This is very risky but for example with 10x leverage, you would get the profit that you aim at 50K price. And 500K would look like a 5 million. (Again, this is very risky, just stating as an idea)

A few days later, I have to admit that OP sold his BTC in a timely manner and is now watching bitcoin decline. And in the event that bitcoin continues its decline, OP will continue to eat popcorn while waiting for its planned price to buy BTC. But if the price of BTC starts to rise by updating its ATH, maybe OP will experience Fomo.

Thank you for keeping an eye on my topic. Do you know one advantage of futures trading? You can sell short, i.e. when the price falls, your profit like you were doing when the price was rising. Useful feature

I still haven't bought bitcoins but maybe will buy in the near future, waiting for what will happen on the market. And no, I won't experience Fomo because it's an enemy. You can't catch every moment because you aren't a whale and you have to analyze this from the very beginning. Only catch as many GOOD ONES as you can.

[TheGreatPython]

I waited until 60K and sold all of my coins today Will price rise? Maybe but I'll wait for another great dip, at least for 70% fall. So, today is the end of my journey for a while.

Expecting 70% fall from the middle of bull market is not seeming a good idea in my opinion. How about alter your target into 20% and buy back at current price levels of around $50k. This way you could earn at least $10k per one bitcoin and if you are dealing with some 5 or more bitcoins then probably you have already earned more than one bitcoin for your timely sell decisions.

Like more people have speculated, I guess bitcoin prices may double from the current ATH; so I guess it would be better if you plan up your strategy accordingly. If you sell your bitcoins by the month of November or December then I would call your strategy as too perfect but I am not sure in the month of April itself.

[sumant]

Trading is definitely not an easy job. It requires some experience and knowledge about specified market. Sometimes can be trade goes in your ways but many times will be failed. Even a experienced trader can not predict the market exact. So to start trading everyone should learn some basics and then enter with low amount. That's the way to go.

[MIner1448]

our strategy is excellent, it is best to keep the coins for a long time and continue to wait for its historical maximum. In your story, of course, you have chosen the most correct strategy, in which you actually gained the maximum profit. I also try to adhere to this strategy.

[ardentvolcanoes]

Trading is definitely not an easy job. It requires some experience and knowledge about specified market. Sometimes can be trade goes in your ways but many times will be failed. Even a experienced trader can not predict the market exact. So to start trading everyone should learn some basics and then enter with low amount. That's the way to go.

You can choose your on options as long as you understand how things works and how will you manage to compensate with your chosen style.
Losing is part of this venue of investment,

But if you always experienced that better to assess and change your plan, adjust when it's needed if there's no change it might also possible that
this place is not for you.

[Emmychris]

Actually to become a successful trader there are price you need to pay, more especially for futures trade it isn't easy at all, you must learn and keep learning to  grab enough knowledge about trading futures if not you keep loosing money, being a day trader you have to know when to enter and exit a trade to be in your favour, you must know how to analyze trade, learn about charts pattern! Without knowing all of this and you went on to trade futures just know it that your gambling not trading because you can not just enter at any point. Your strategy is about spot trade which is very easy for everyone, buy low and sell high. Waiting for a massive crash which happens one's in a while isn't much profitable because it takes so much time but it's a safe pattern of trading tho.

[ice098]

Trading can produce higher profits than holding your coins, everyone knows this, the question is if you can actually get hold of those kind of profits? And most people cannot do anything remotely close to that, if you are one of the few that can do it then congratulations but for the rest of the people this is something impossible and should just hold their coins, but unfortunately they let themselves to be lured in by the idea of more profits and then they lose everything in the process.

Of course it is by trading you can generate more profit than holding your coin but the risk in trading was higher than the risk of hodling that cryptocurrency. Trading, investment and holding all comes in price, what I mean is before you can start you need a capital that you are willing to take risk and also the proper management of profit that you may earn along the way. For me, there is no easy on trading, it all comes to a process. A process like investing in yourself by educating yourself by knowledge and skills about trading.

[DarkDays]

It's quite an old trading strategy and seems to be one that works a while.

It is a valid strategy, I agree, but its value is dictated from the time you enter in the market. Your opening position is important to know if you should just hold for years or not.

It could also be a non-viable solution to those who are looking into gaining without nothing else (as part of their income), as long as it is a side thing I do not see too many dangers. Personally, though I prefer some trading but that's personal choice

[Alert31]

Well, that's one strategy that works well for you. Maybe you're just one lucky chap, maybe you're able to predict the market so well but that doesn't erase the fact that day trading or trading generally isn't a good idea.
Quite a lot of folks have made so much money by day trading and just because you couldn't handle it doesn't mean others won't be able to. Day trading works just fine if you really understand how it works. If you're able to take time to learn all there is to trading and develop an almost perfect strategy ( no strategy is perfect), then you'd know that day trading is actually profitable

That's right, everyone has it's own skills, knowledge and strategy on how to earn money through cryptocurrency. Day trading is good enough for me because I can earn from it even for small amount of profit daily but still very helpful for me. If you want to hold and wait until your target price reach then that is also good for you.

[tvplus006]

...Do you know one advantage of futures trading? You can sell short, i.e. when the price falls, your profit like you were doing when the price was rising...

I don't use futures, I prefer margin trading, so I know what short is. But I mistakenly considered the last dump of bitcoin as a corrective price decline and believed that it would not exceed 3-5%. Therefore, I did not consider opening a short order, as the market is still bullish.

[shield132]

I waited until 60K and sold all of my coins today Will price rise? Maybe but I'll wait for another great dip, at least for 70% fall. So, today is the end of my journey for a while.

Expecting 70% fall from the middle of bull market is not seeming a good idea in my opinion. How about alter your target into 20% and buy back at current price levels of around $50k. This way you could earn at least $10k per one bitcoin and if you are dealing with some 5 or more bitcoins then probably you have already earned more than one bitcoin for your timely sell decisions.

Like more people have speculated, I guess bitcoin prices may double from the current ATH; so I guess it would be better if you plan up your strategy accordingly. If you sell your bitcoins by the month of November or December then I would call your strategy as too perfect but I am not sure in the month of April itself.

Oh, sorry, I didn't include one thing in that post. I amn't waiting for price to experience 70% fall at the moment. I believe that history will repeat and we will see a new all-time at the end of the year as we saw in 2017. Halving happened in 2016 but ATH happened in December, 2017. I think that new ATH will happen and 65K isn't the ATH of the year.

One day, we will reach ATH and it will start rapid and serious fall, I am waiting for that time to buy and I prefer to not risk and stick with 70% fall of current price. Don't forget that bitcoin was 1800 USD in September, 2019. From 20K to 1800 USD, so? Maybe it's not a 1 month plan but I prefer to stick with long term plans. Quick gains = quick loses.

[Silberman]

Trading can produce higher profits than holding your coins, everyone knows this, the question is if you can actually get hold of those kind of profits? And most people cannot do anything remotely close to that, if you are one of the few that can do it then congratulations but for the rest of the people this is something impossible and should just hold their coins, but unfortunately they let themselves to be lured in by the idea of more profits and then they lose everything in the process.

That's obviously the question to ask. Many people think that they can buy at the low level sell at the high level and repeat this over and over again instead of just holding. Many of them end up buying at the high level and sell at the low level and losing money. This is why I do not trade, I may end up losing more than I earn and that's why I do not trade that way at all.

I just buy, do a DCA with my money and that's how I make my profit, I did buy at 6k, I bought at 20k, I bought some at 33k, I even bought at 62k before the fall, and I will buy tomorrow hopefully before it goes up too much, and I bought many times in between 6k and 62k as well. All of that helped me have a decent amount of bitcoin and a good amount of profit as well. Why would I try to ruin that with trying to trade as much as I can and end up losing it all the profits I made.

Congratulations you are a true holder and one that will always have coins and that will secure your future, I have always found surprising how many people let themselves be lured by the potential profits trading offers when the success rate in most markets is below 10% and of those the ones that make a lot of money are even fewer, why people still decide to trade especially when they do not take the time to learn about the activity? That is something I will never understand.

[Tomtomwole]

thats a nice strategy. i also hope there wil be chance to buy cheaper if it really happens but i will still be patient to see how it will play out. we are bullish but correction is imminent.