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

[shield132]

You have taken a good decision so far, but you were lucky enough. To be honest I am one of the losers who lost funds in day trading. Sadly I lost also in rarely trading as you said. Because I held a few fucking shitcoin. So I lost my portfolio more than 10X. It seems you have taken a real-time decision where I was failed. On the trading, I am really not lucky at all. I agree with your current decision as you sold Bitcoin. If bitcoin dump as your desired price then you will be lucky again. Although there is less possibility to drop 70%, there would be a big correction. Perhaps that time you would accumulate some Bitcoin. Anyway, best of luck to you.

As far as I understand, the problem is that people want to earn daily money from trading and that's where they make the mistake. In trading, you do great money when you actually don't give a shit to your money. It sounds like when a new gambler who doesn't know anything wins more than an experienced one.

Personally, I suggest with savings that I know I won't have a need until the next halving. Day or frequent trading can bring you enormous profit but that rarely happens and it can mess up with your nerves, it's much pressure for me. No sleep, constantly checking prices, anxiety, worry, etc, doesn't worth for me but it was a good experience to understand more things in trading.

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[tvplus006]

...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...

You made the right decision to lock in your big profit from the sale of BTC. But for me, such a solution is not acceptable, because I will not be able to just sit and wait for the price of bitcoin to fall, as you expect by 70%. In addition, I do not believe that the price of BTC will fall to 18 thousand dollars, because the bulk of purchases are made by institutional investors at the level of 30 thousand.

[sulendra12]

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

Different person has their own method anyway. Yea sure that works for you, but if a person is really comfortable with day trading and can maintain their money and emotion really well then it could work for them too.

so, not your game - not your rules

This phrase already contradict your whole post anyway  /shrug, people can do anything they want whether hold it or day trade it

[isaac_clarke22]

We're on the same boat, OP.
That is my strategy too, especially after I stopped my day trading as it didn't really gave me that much profit and I would call it all losses. It was stressful actually, but then I just realized to just "screw it, I'm just gonna leave these coins into my wallet" and never to touch it ever again.
After that 3k bearish days you mentioned up to here, boom 60k+.

[SquallLeonhart]

If bitcoin dump as your desired price then you will be lucky again. Although there is less possibility to drop 70%, there would be a big correction. Perhaps that time you would accumulate some Bitcoin.

I'm just wondering how most people here are expecting bearish trend of bitcoin markets at the middle of bull run. Dump may happen only by next year; yes no one would predict that accurately but and I am just talking based on what we had in 2013 and 2017. Because, halving is same for bitcoins hence the bull run which is triggered by halving will be same.

I could see a disadvantage as this could also tempt us to sell our Bitcoin without reaching our target goal but if we are committed to sticking to our plan, I know we can make it.

Yes, catching the peak would be the bigger challenge here. I guess with the help of technical analysis, we could easily predict possible ATH. Still, we need to control our emotions for not getting tempted so that we may not take wrong decisions out of hurry.

[imstillthebest]

checking price is needed for day trade but they dont say that your not allowed to sleep .
do you think you can think and perform well if you dont allow your body to rest ? that is the reason why you fail but now you feel good because your taking a long breaks  .
 your trading before but not anymore because your a hodler now .  

If you aren't whale, you can't impact the price, so, not your game - not your rules

why would you care if you impact the price or not ? your goal here is to earn and its not your problem anymore if the price will fall or rise after you trade

[wiss19]

Well, I did the same thing that you did. I have not tried day trading before in the cryptocurrency market because I am afraid of day trading assets since my experience with Forex and Binary Options were very bad, so I decided to stay clear from anything that has to do with trading ,so since I got to know about cryptocurrency , starting with bitcoin, I have always made sure that what I am doing is just to invest and HODL the money till there is an increase in the market and I can sell and withdraw my money.

I was able to get in at $6k and sold when the price got to $12k cause I felt that would be the highest it would go. When the price started going up and reached $17k decided to buy again and the I held till $45k and sold half of it because I felt like the price has increased too much. But since it kept moving, I haven’t sold the remaining coins I have.

[pixie85]

If you have problems with watching the charts and not having enough sleep but still want to trade learn from some day traders. They enter a session with a certain capital, trade for 1 or 2 days straight and then exit to take some time off, have good sleep and so on. When they log out of the exchange they exit to fiat or a stable coin.

There are also hybrid traders like me who sometimes take a trade but that's only when a big opportunity arises. If you don't try to chase profits but let them come to you by setting up smart long term trades you won't get so tense.

[milewilda]

If you have problems with watching the charts and not having enough sleep but still want to trade learn from some day traders. They enter a session with a certain capital, trade for 1 or 2 days straight and then exit to take some time off, have good sleep and so on. When they log out of the exchange they exit to fiat or a stable coin.

There are also hybrid traders like me who sometimes take a trade but that's only when a big opportunity arises. If you don't try to chase profits but let them come to you by setting up smart long term trades you won't get so tense.

When you do read up on whats the situation been said by op then its likely he's also doing those selective trades basing of on a trend or chances which can be considered to be the same on what you are elaborating on here.
They do only just differ on the intensity and duration of the time that they had been spending on seeing those charts compared to those who dont have any jobs or simply goes full time on trading but if youre
someone does have some work or other things involved in life then you would be definitely having this option and if not or as the same you mentioned about hating on seeing charts and whatsoever
then its always ideal on not to make any step further but rather playing a bit safe against with the market rather than forcing up yourself.

[Ryker1]

It is not easy for bitcoin to experience a 70% decline correction at this time, because we know that bitcoin is now getting stronger, in the future there is an increase in bitcoin multiple times and this can be used to get your assets from selling bitcoin multiple times when the price increases periodically

Well, because there is still good news around that can still have an effect on bitcoin price.
Perhpas, not being a Whale does not change the fact that you can still consider this as your game. As long as you can get along with their rules and how they play, -- you can still take advantage of the market. This applies the both long term and short term. Also, not because you are holding your Bitcoin coin in the long term does not mean you don’t need to play with the whales. Cause you still have to. You should always know when and where and get the pulse of the Whales. I deeply understand that you have your results on hold. And you also have bad results with day trading. But it does not mean that your strategy applies to everyone. Both are still risky and have people should just choose the risk they had to take or which they are more comfortable with.

[harizen]

Trade rarely, don't make it your only profit source and don't trade often.

It makes sense but traders have different points of view.

Anyhow, if one sees that they can profit out of a certain trend, then just let them deal with it.

Maybe the best thing would be, just relaxed and don't pressure ourselves to win every time we trade. A calm mindset is necessary when dealing with a stressful environment of trading.

[Obito]

I won't advice this to anyone because OP is leaving nothing and going full on when s/he cashed out and I don't like the idea of waiting for the price of bitcoin to fall down because we don't know when will it happen or will it ever happen and if the former were to happen then you are in a world full of pain and regret since you are buying bitcoin at premium because you waited for a dip that didn't happen and when you finally bought one, that is when the price dips and you sort of panic because you are experiencing a big loss.

[kram31]

When we do day trading in any of the exchange site platform it will be a high risk actually, if the traders itself are lack of knowledge,
they can absolutely rekt in the end. But if you are skillful and knowledgeable in trading I can also surely assured that you can earn great in
the end 100%. Just always remember that once you it reach the higher peak price sell at once then buy in the dip something like. Although, its not that easy to apply but very effective once you get and know how to do it.

[MIner1448]

Here, I am completely salty with you. Also, when I adhere to the buy and hold strategy, I start earning, as soon as I enter the spot or, even worse, futures, I immediately start to lose money. Now I try to torment for a long time, so it turns out much less risk in order to lose my hard-earned money.

[bittraffic]

It sounds curious, yeah? But that's what I have been doing for years. I just hold my money in my wallet and rarely touch it. Once I was doing day trading but it was affecting me in a bad way, I wasn't sleeping, was always checking prices, was making bad decisions. You can easily earn and easily loss money in day trading, so this is what I did:
I was looking for prices very rarely, would wait and wait until there was serious corrections. For example, years ago after ATH 20K, price went down to 3K. I thought that was the great moment to buy btc and glad I did it. Then I didn't give a shit to whether it become 4K, 6K or etc, yeah it was double profit but still, I believed it would rise and whuola, it reached 14K after some times. I was thinking that it would reach all-time high but sold at 14K, then quite trading for months and only bought at 9K and waited for the halving period, glad I did that.

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.

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

Depending on the personality I guess. Some traders just like the adrenaline in trading that they are trading on the 15min chart. While I myself have to wait for days to see how my trades go since I'm doing it on the 1D chart.

But yes its true that when you have a position to look after, you are definitely going to watch the market price every now and then that when you wake up in the middle of the night you have to take a peak of the Coinmarketcap as to what goes on.

[Dewi Aries]

If price is increased, it is good to say don't trade actually. But how if price keep getting down ? honestly i do that thing to, buy coin and hold but must be need analysis too which coin that we want to buy so it can made us profit and it is worth to waiting it. Because some coins or maybe tokens, longer that we hold thir price keep decreased and sometimes it not have value anymore.

[Questat]

If price is increased, it is good to say don't trade actually. But how if price keep getting down ? honestly i do that thing to, buy coin and hold but must be need analysis too which coin that we want to buy so it can made us profit and it is worth to waiting it. Because some coins or maybe tokens, longer that we hold thir price keep decreased and sometimes it not have value anymore.

Yeah, choosing coins for long-term holding matters a lot as this could affect the results. But for me, the span of holding can't be fixed, because I'd never think that we never take the opportunity in selling when the market is high. Of course, I will and that is the reason why we hold waiting for that moment. If we just let it pass because we are greedy to think about it more and more, that seems ridiculous. 

[SacriFries11]

It is not easy for bitcoin to experience a 70% decline correction at this time, because we know that bitcoin is now getting stronger, in the future there is an increase in bitcoin multiple times and this can be used to get your assets from selling bitcoin multiple times when the price increases periodically

I agree, I'm not yet good in trading and put some money in Binance. Even I have some knowledge about trading, it ended up losing my money because of emotion and lack of proper management dealing with right entry and exits. My emotions always going on and keep looking the price all day, sometimes I immediately get panic and sell my tokens once it goes down and which immediately get recover and get pump. The 70% corrections, I think it's impossible now due to top institutions and even the richest man own the price of bitcoins at the good price; I think a lot of rich people will not this thing happen. Most of my tokens are just for holding and I just wait the right time at the best price to sell them rather than trade them.

[Silberman]

It sounds curious, yeah? But that's what I have been doing for years. I just hold my money in my wallet and rarely touch it. Once I was doing day trading but it was affecting me in a bad way, I wasn't sleeping, was always checking prices, was making bad decisions. You can easily earn and easily loss money in day trading, so this is what I did:
I was looking for prices very rarely, would wait and wait until there was serious corrections. For example, years ago after ATH 20K, price went down to 3K. I thought that was the great moment to buy btc and glad I did it. Then I didn't give a shit to whether it become 4K, 6K or etc, yeah it was double profit but still, I believed it would rise and whuola, it reached 14K after some times. I was thinking that it would reach all-time high but sold at 14K, then quite trading for months and only bought at 9K and waited for the halving period, glad I did that.

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.

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

You obtained profits and that is what matters, however I cannot stop thinking that you may have sold your coins too early, if the price really goes up as much as we think it can due to the massive potential of bitcoin it is possible that a 70% fall in the price could lead us to a price similar to the one that we are seeing now which means that you are going to pretty much breakeven and this is before we consider that a 70% crash is going to be very unlikely.

[xianbits]

It sounds curious, yeah? But that's what I have been doing for years. I just hold my money in my wallet and rarely touch it. Once I was doing day trading but it was affecting me in a bad way, I wasn't sleeping, was always checking prices, was making bad decisions. You can easily earn and easily loss money in day trading, so this is what I did:
I was looking for prices very rarely, would wait and wait until there was serious corrections. For example, years ago after ATH 20K, price went down to 3K. I thought that was the great moment to buy btc and glad I did it. Then I didn't give a shit to whether it become 4K, 6K or etc, yeah it was double profit but still, I believed it would rise and whuola, it reached 14K after some times. I was thinking that it would reach all-time high but sold at 14K, then quite trading for months and only bought at 9K and waited for the halving period, glad I did that.

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.

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

A story of a holder indeed! Lucky are those who have enough that they are able to wait for several months or even years to sell like you do. This story could be inspiring but somehow, it is only for the half or part of the community. There are also a lot of people who are on the opposite side of the coin. There are also a lot of people who made trading their main source of income and they can't help but to gamble in trading to earn for a living.
But actually, with the availability of futures trading, many don't need to wait for the perfexct time that long in order to gain profits. I have fb friends who regularly wins in trading whether in a bearish or bullish market, thanks to their technical analysis skills.
But then again, yours is a great story to hear.